Legacy Endowment-The Community Foundation
- Assets
- $14.8m
- Revenue
- $428.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Bonsall, CA
- Founding
- 04/1995
- Data as of
- 06/2021
- EIN
- 33-0620685
Organization Overview
Legacy Endowment-The Community Foundation is located in Bonsall, CA. The organization was established in 1995. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Legacy Endowment-The Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Endowment-The Community 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 06/2021, Legacy Endowment-The Community Foundation generated $428.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $654.9k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Legacy Endowment-The Community Foundation has awarded 62 individual grants totaling $1,253,822. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE AND PRESERVE A HIGHER QUALITY OF LIFE FOR COMMUNITIES BY FACILITATING PHILANTHROPY FOR FAMILIES, INDIVDUALS AND NONPROFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GRANTS FROM THE VARIOUS ENDOWMENTS, DONOR-ADVISED, SPECIAL PROJECTS AND PASS-THRU FUNDS THAT IT HOLDS. LEGACY ENDOWMENT...THE COMMUNITY FOUNDATION IS COMMITTED TO IMPROVING THE QUALITY OF LIFE IN THE FALLBROOK AND GREATER SAN DIEGO AREA BY SUPPORTING LOCAL CHARITIES IN THE FOLLOWING AREAS: ARTS/CULTURE, EDUCATION/TRAINING, HEALTH & HUMAN SERVICES, MEDICAL RESEARCH, SENIOR CAUSES AND PROGRAMS FOR THE DISABLED. THE FOUNDATION HAS AN UNDERSTANDING OF THE NEEDS OF THE COMMUNITY AND CAN CONNECT THE DONOR WITH THOSE NON-PROFIT ORGANIZATIONS THAT CAN MEET THOSE NEEDS.
THE FOUNDATION GRANTS SCHOLARSHIPS FOR STUDENTS ATTENDING INSTITUTIONS OF HIGHER EDUCATION AND VOCATION/TECHNICAL EDUCATION INSTITUTIONS. ALL SCHOLARSHIPS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION.
ADMINISTRATION COSTS ALLOCATED TO PROGRAM SERVICE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Fellios Treasurer | OfficerTrustee | 1 | $0 |
Laura Holck Director | OfficerTrustee | 1 | $0 |
Mark Hvasta President | OfficerTrustee | 4 | $0 |
Matthew Obermueller Treasurer/di | OfficerTrustee | 1 | $0 |
Marianne Nolte Secretary | OfficerTrustee | 2 | $0 |
Rachel Mason Vice Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,025 |
| Total Program Service Revenue | $0 |
| Investment income | $233,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $428,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $423,941 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,834 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,585 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,337 |
| Office expenses | $2,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,942 |
| All other expenses | $3,639 |
| Total functional expenses | $654,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,348 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,830 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $367 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,429,238 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,979 |
| Total assets | $14,824,762 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $38,100 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,974,331 |
| Total liabilities | $2,012,431 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $12,812,331 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,824,762 |
Grants Awarded
Over the last fiscal year, Legacy Endowment-The Community Foundation has awarded $374,580 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
El Cajon, CA PURPOSE: CHARITABLE | $103,459 |
Fallbrook, CA PURPOSE: CHARITABLE | $33,988 |
Fallbrook, CA | | $31,122 |
Escondido, CA PURPOSE: CHARITABLE | $25,397 |
Escondido, CA PURPOSE: CHARITABLE | $22,332 |
Bonsall, CA PURPOSE: CHARITABLE | $21,671 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Legacy Endowment-The Community Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Hawaii Community Foundation Honolulu, HI | $884,612,842 | $128,317,869 |
Ventura County Community Foundation Camarillo, CA | $181,940,704 | $53,185,473 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |
Community Foundation Santa Cruz County Aptos, CA | $201,628,792 | $52,106,005 |
Nevada Community Foundation Inc Las Vegas, NV | $244,409,532 | $23,282,106 |
Liberty Hill Foundation Los Angeles, CA | $22,845,623 | $26,116,303 |
Sacramento Region Community Foundation Sacramento, CA | $172,758,711 | $24,599,020 |
Inland Empire Community Foundation Riverside, CA | $130,560,827 | $28,925,228 |
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |