The Legacy Foundation Of Hartford Inc
- Assets
- $134.3k
- Revenue
- $473.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Hartford, CT
- Founding
- 06/2013
- Data as of
- 06/2022
- EIN
- 45-3908154
Organization Overview
The Legacy Foundation Of Hartford Inc is located in Hartford, CT. The organization was established in 2013. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 06/2022, Legacy Foundation Of Hartford Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Foundation Of Hartford 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 06/2022, Legacy Foundation Of Hartford Inc generated $473.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $490.6k during the year ending 06/2022. 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
TO ADDRESS EDUCATIONAL AND HEALTH DISPARITIES FOR RESIDENTS OF THE NORTH END OF HARTFORD, ITS YOUTH IN PARTICULAR. IT DOES SO VIA ITS OWN INITIATIVES, SUCH AS LEAP, AND BY SUPPORTING NUMEROUS COMMUNITY PROJECTS THAT ALIGN WITH ITS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LEGACY FOUNDATION OF HARTFORD PROVIDES 75 STUDENTS WITH EDUCATIONAL ENRICHMENT THROUGH OUR FLAGSHIP PROGRAM; LEGACY EXPOSURE AND ACCESS PROGRAM (LEAP). LEAP IS A COMPREHENSIVE APPROACH TO ENHANCING ACADEMIC SUCCESS, BEGINNING IN ELEMENTARY SCHOOL CONTINUING THROUGH COMPLETION OF HIGH SCHOOL WITH EMPHASIS ON COLLEGE PREP DEVELOPMENT. LEAP SEEKS TO SERVE LEGACY SCHOLARS WHO ARE GREATER HARTFORD RESIDENTS (3RD THROUGH 12TH GRADERS) AND LEGACY STUDENTS ATTENDING COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Jones Chairman/executive Director | OfficerTrustee | 40 | $54,293 |
Phil Kane Vice Chairman | Trustee | 2 | $0 |
Joe Santana Secretary/treasurer | Trustee | 2 | $0 |
Sam Galloway Member At Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $562 |
| Related organizations | $0 |
| Government grants | $368,232 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $473,318 |
| Total Program Service Revenue | $0 |
| Investment income | $78 |
| 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 | $473,396 |
| 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. | $58,773 |
| Compensation of current officers, directors, key employees. | $2,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,275 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,211 |
| Advertising and promotion | $5,900 |
| Office expenses | $5,891 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,055 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $352 |
| Insurance | $1,928 |
| All other expenses | $0 |
| Total functional expenses | $490,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $133,456 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $350 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $470 |
| Total assets | $134,276 |
| Accounts payable and accrued expenses | $1,880 |
| Grants payable | $0 |
| Deferred revenue | $15,600 |
| 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 | $1,100 |
| Total liabilities | $18,580 |
| Net assets without donor restrictions | $108,010 |
| Net assets with donor restrictions | $7,686 |
| 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 | $134,276 |
Grants Awarded
Over the last fiscal year, The Legacy Foundation Of Hartford Inc has awarded $74,970 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HARTFORD HURRICANES PURPOSE: Youth Program | $10,000 |
SONS OF THUNDER COALITION INC PURPOSE: Youth Program | $24,970 |
OUR PIECE OF THE PIE INC PURPOSE: Youth Program | $40,000 |