Legacy Charities Inc
- Assets
- $656.1k
- Revenue
- $425.0k
- Investments
- $0.0
- Employees
- 1
- Location
- New Braunfels, TX
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 33-1036391
Organization Overview
Legacy Charities Inc is located in New Braunfels, TX. The organization was established in 2004. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Charities 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 12/2022, Legacy Charities Inc generated $425.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $436.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEGACY CHARITIES' MISSION IS TO PROVIDE LIFE SAVING SURGERIES AND A LOVING HOME TO ORPHANS WITH SPECIAL NEEDS FROM AROUND CHINA AND VIETNAM, EXPANDING FURTHER INTO SOUTHEAST ASIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGACY CHARITIES IS INVOLVED IN FACILITATING PROGRAMS THAT BRING INDIGENT ORPHANED INFANTS, TODDLERS, YOUNG CHILDREN WITH MEDICAL NEEDS, AND BLIND CHILDREN INTO FOSTER CARE. LEGACY CHARITIES FACILITATES AND ASSISTS WITH CARE OF THE ORPHANS IN APPROPRIATE FACILITIES, PROVIDES NUTRITIONAL CARE, ARRANGES MEDICAL CARE AND SURGICALPROCEDURES AS NEEDED. LEGACY CHARITIES WORKED ON SEVERAL MAJOR PROJECTS IN 2022: FORMULA PROJECT: SUPPLIES INFANT MILK POWDER TO PARTNER ORPHANAGES FOR INFANT UNTIL THEY TURN ONE. WE MONITOR THE CHILDREN'S GROWTH PROGRESS AND PROVIDE ADDITIONAL NUTRITIONAL SUPPLEMENTS AND ANY MEDICAL CARE NEEDED. DURING 2022, 12 CHILDREN BENEFITED FROM THIS PROJECT. CHINA FOSTER PROGRAM: DUE TO CHANGES IN CHINESE POLICY, ALL CHILDREN IN OUR PROGRAM WERE RETURNED TO THEIR RESPECTIVE ORPHANAGE. WE HAVE BEEN GRANTED PERMISSION TO OPERATE ONE OF 18 ORPHANAGES NATIONWIDE THAT WILL BE ALLOWED IN THE FUTURE TO PLACE CHILDREN IN FOSTER FAMILIES. WE CURRENTLY ARE PROVIDING ASSISTANCE FOR 94 CHILDREN AND ARE PROUD TO SAY THAT NO CHILDREN UNDER OUR PROGRAMS DIED IN 2022. ELIOS AND EMERALD PROGRAMS: EXPANSION OF EXISTING FOSTER SERVICES PROGRAMS IN DIFFERENT PARTS OF CHINA WITH NEW LOCAL ORPHANAGES. THIS EXPANSION BRINGS OUR TOTAL CHILDREN UNDER OUR NEW DAY CHINA PROJECTS UP TO 77. VIETNAM PROJECT: IN ADDITION TO WORKING WITH STATE ORPHANAGES, WE PARTICIPATE IN HELPING SPECIAL NEEDS CHILDREN OF DISADVANTAGED FAMILIES, PROVIDING STRENGTH & SUPPORT FOR THE FAMILIES WHILE PROVIDING SURGICAL & MEDICAL CARE FOR THE CHILDREN. WE ALSO PROVIDE THESE SERVICES FOR CHILDREN IN FOSTER CARE OR STATE ORPHANAGES. THE VISION OF THE PEDIATRIC GLOBAL NURSING EDUCATION PROGRAM IS TO IMPROVE HEALTH OUTCOMES IN CHILDREN IN DEVELOPING COUNTRIES BY IMPROVING NURSE COMPETENCY IN PEDIATRIC NURSING SKILLS THROUGH GLOBAL EDUCATION OUTREACH PROGRAMS. IN 2022 WE PROVIDED FULLY COVERED SURGERIES FOR 14 CHILDREN. IN ADDITION TO MEDICAL SERVICES WE ARE PROVIDING ONGOING SUPPORT TO 7 COLLEGE STUDENTS, 5 OF WHOM HAVE GRADUATED. WE ARE ALSO PROUD TO NOTE THAT NO CHILDREN IN OUR PROGRAMS IN VIET NAM DIED IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal Donop President | OfficerTrustee | 40 | $16,800 |
Byron Brenneman Director | Trustee | $0 | |
Karen Brenneman Vice Preside | OfficerTrustee | $0 | |
Doug Bush Director | Trustee | $0 | |
Carleton Donop Director | Trustee | $0 | |
Donald R Duncan Director | Trustee | $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 | $403,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,757 |
| Total Program Service Revenue | $21,159 |
| Investment income | $104 |
| 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 | $425,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $16,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,128 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,626 |
| Travel | $4,512 |
| 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 | $0 |
| All other expenses | $891 |
| Total functional expenses | $436,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,116 |
| Savings and temporary cash investments | $585,940 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $656,056 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $658,927 |
| Total liabilities | $658,927 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$2,871 |
| Total liabilities and net assets/fund balances | $656,056 |