Legacy Of Faith Foundation
- Assets
- $544.0k
- Revenue
- $218.6k
- Investments
- $450.4k
- Employees
- 0
- Location
- Blum, TX
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 26-3898326
Organization Overview
Legacy Of Faith Foundation is located in Blum, TX. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Of Faith Foundation 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 12/2021, Legacy Of Faith Foundation generated $218.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.0% each year . All expenses for the organization totaled $108.1k during the year ending 12/2021. While expenses have increased by 9.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Legacy Of Faith Foundation has awarded 22 individual grants totaling $373,404. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Griffin Treasurer | 0.5 | $0 | |
Patricia Griffin Secretary | 1 | $0 | |
Julie Griffin Fambro President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $202,378 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,423 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,807 |
| Capital Gain Net Income | $2,807 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $218,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,154 |
| Taxes | $190 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $422 |
| Total operating and administrative expenses | $2,701 |
| Contributions, gifts, grants paid | $105,404 |
| Total expenses and disbursements | $108,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,619 |
| Savings and temporary cash investments | $32,318 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $681 |
| Total assets | $544,023 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Legacy Of Faith Foundation has awarded $105,404 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF CHILDREN EVERYWHERE PURPOSE: GENERAL OPERATIONS | $49,000 |
Bronx, NY PURPOSE: GENERAL OPERATIONS & DIRECT STUDENT SUPPORT | $40,554 |
STONE CREEK CHURCH PURPOSE: GENERAL OPERATIONS | $15,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |