Agate Legacy Fund
- Assets
- $438.0k
- Revenue
- $18.5k
- Investments
- $410.6k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-4054284
Organization Overview
Agate Legacy Fund is located in Wilmington, DE. The organization was established in 2014. 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. Agate Legacy Fund 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 12/2023, Agate Legacy Fund generated $18.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $25.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Greeno Vp, Dir | 1 | $0 | |
Laurie H Greeno Pres, Dir, Sec, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,265 |
| Dividends & Interest | $15,115 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,085 |
| Capital Gain Net Income | $2,085 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,465 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $469 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,571 |
| Total operating and administrative expenses | $8,241 |
| Contributions, gifts, grants paid | $17,275 |
| Total expenses and disbursements | $25,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,401 |
| 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 | $0 |
| Total assets | $438,048 |
| 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, Agate Legacy Fund has awarded $17,275 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BABYS SPACE - A PLACE TO GROW PURPOSE: GENERAL & UNRESTRICTED | $500 |
GREATER MINNEAPOLIS CRISIS NURSERY PURPOSE: GENERAL & UNRESTRICTED | $500 |
MIND BODY SOLUTIONS PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
MINNESOTA ORCHESTRAL ASSOCIATION PURPOSE: MUSIC MOMENT CAMPAIGN | $5,000 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: FUNDS FOR THE MEDICAL SCHOOL | $1,000 |
OASIS FOR YOUTH PURPOSE: GENERAL & UNRESTRICTED | $3,000 |