Lucys Legacy Foundation Inc
- Assets
- $3.0m
- Revenue
- $224.0k
- Investments
- $2.9m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 02/1943
- Data as of
- 03/2022
- EIN
- 04-2105865
Organization Overview
Lucys Legacy Foundation Inc is located in Boston, MA. The organization was established in 1943. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucys Legacy Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Lucys Legacy Foundation Inc generated $224.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $179.7k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EXPLORE, RESEARCH, DEVELOP AND SUPPORT EDUCATIONAL ENDEAVORS, INCLUDING, WITHOUT LIMITATION, TO SUPPORT THE STUDENTS AND ALUMNI OF WHEELOCK COLLEGE, PRIMARILY THROUGH GRANTS AND SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIP FUNDS FOR BOSTON UNIVERSITY TO AWARD TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Page Treasurer | 2 | $0 | |
Kyla Mcsweeney President | 2 | $0 | |
Rachel Basdekis Director | 2 | $0 | |
Carol Sullivan Hanley Clerk | 2 | $0 | |
Heidi Fanion Director | 2 | $0 | |
Shannon Fairley-Pittman Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,624 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $159,330 |
| Capital Gain Net Income | $159,330 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $223,954 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,442 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,064 |
| Total operating and administrative expenses | $55,518 |
| Contributions, gifts, grants paid | $124,150 |
| Total expenses and disbursements | $179,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,814 |
| Savings and temporary cash investments | $117,248 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $125,610 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,981 |
| Total assets | $3,046,493 |
| Accounts payable and accrued expenses | $23,325 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,325 |
Grants Awarded
Over the last fiscal year, Lucys Legacy Foundation Inc has awarded $124,150 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON UNIVERSITY PURPOSE: SCHOLARSHIPS FOR BU WHEELOCK SCHOOL | $107,103 |
Lynn, MA PURPOSE: GRANT-LIBRARIES FOR LIBERATION: VIRTUAL LEARNING COMMUNITY | $3,482 |
DANIELLE HAMILTON PURPOSE: GRANT- TO INCORPORATE CLASSROOM PETS INTO EACH GRADE LEVEL AT A PUBLIC ELEMENTARY SCHOOL IN BOSTON. | $3,033 |
HEIDI FANION WARWICK PUBLIC SCHOOLS PURPOSE: GRANT-HEIDI'S HELPING HANDS-THE GIVING PANTRY- REIMBURSEMENT OF EXPENSES TO BUY PERSONAL HYGIENE PRODUCTS FOR STUDENTS OF PUBLIC SCHOOLS. | $2,650 |
RACHEAL BASDEKIS SWIFT RIVER SCHOOL PURPOSE: GRANT-TO PUBLIC SCHOOL KINDERGARTEN TEACHER FOR REIMBURSEMENT OF EXPENSES FOR OUTDOOR EDUCATIONAL PROGRAMS AT PUBLIC SCHOOL. | $2,446 |
SUSAN GUBBONS PURPOSE: GRANT-UNPLUG, RECHARGE AND CONNECT | $2,000 |