Legacy Advancement
- Assets
- $1.0m
- Revenue
- $600.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 46-5664419
Organization Overview
Legacy Advancement is located in Greenville, SC. The organization was established in 2015. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Advancement 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 Advancement generated $600.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $405.6k during the year ending 12/2021. While expenses have increased by 3.5% 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 2016, Legacy Advancement has awarded 19 individual grants totaling $2,030,067. 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
PUBLIC CHARITY THAT IS THE FUNDRAISING ARM OF LEGACY CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPECIFIC PURPOSES OF LEGACY ADVANCEMENT ARE TO SUPPORT AND PROMOTE THE ESTABLISHMENT OF CHARTER SCHOOLS WHOSE MISSIONS ARE TO OFFER QUALITY, RIGOROUS, AND RELEVANT EDUCATIONAL PROGRAMS LEADING TO COLLEGE GRADUATION AND TO EMPOWER UNDERSERVED URBAN STUDENTS THE OPPORTUNITY TO BECOME PRODUCTIVE, HEALTHY, PRINCIPLED CITIZENS IN A CHANGING SOCIETY. SOME OF THE ACTIVITIES TO SUPPORT THE MISSION INCLUDE APPLYING FOR GRANTS AND SOLICITING FUNDS FROM THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William W Brown President | OfficerTrustee | 12 | $0 |
Cary H Hall Vice President, Secretary | OfficerTrustee | 1 | $0 |
Charles Brewer Treasurer | OfficerTrustee | 1 | $0 |
Adela Mendoza Board Member | Trustee | 1 | $0 |
Llyn Strong Board Member | Trustee | 1 | $0 |
Joe Sullivan Board Member | Trustee | 1 | $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 | $599,566 |
| Noncash contributions included in lines 1a–1f | $175,745 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $599,566 |
| Total Program Service Revenue | $0 |
| Investment income | $458 |
| 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 | $600,024 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $101,821 |
| Grants and other assistance to domestic individuals. | $100,126 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $388 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,955 |
| Advertising and promotion | $0 |
| Office expenses | $40,982 |
| Information technology | $3,947 |
| Royalties | $0 |
| Occupancy | $103,073 |
| 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 | $2,250 |
| All other expenses | $91 |
| Total functional expenses | $405,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,190 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $395,711 |
| Accounts receivable, net | $107,291 |
| 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 | $4,328 |
| 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 | $1,038,520 |
| Accounts payable and accrued expenses | $25,157 |
| 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 | $0 |
| Total liabilities | $25,157 |
| Net assets without donor restrictions | -$104,790 |
| Net assets with donor restrictions | $1,118,153 |
| 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 | $1,038,520 |
Grants Awarded
Over the last fiscal year, Legacy Advancement has awarded $101,821 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Greenville, SC PURPOSE: OPERATIONAL SUPPORT | $81,154 |
Greenville, SC PURPOSE: OPERATIONAL SUPPORT - CYL SCHOLARSHIP PROGRAM | $20,667 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Legacy Advancement has recieved totaling $300,000.
| Awarding Organization | Amount |
|---|---|
Robert S Campbell Foundation Greenville, SC PURPOSE: CONTRIBUTION - OPERATING FUNDS | $110,000 |
Betsy M Campbell Foundation Greenville, SC PURPOSE: CONTRIBUTION - OPERATING FUNDS | $95,000 |
Campbell Young Leaders Inc Greenville, SC PURPOSE: CONTRIBUTION TO DREAM BUILDER SCHOLARSHIP FUND | $80,000 |
J M Smith Foundation Spartanburg, SC PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION | $10,000 |
The Maddrey Foundation Greenville, SC PURPOSE: TO SUPPORT GENERAL OPERATIONS OF THE ORGANIZATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Metro Atlanta Collaborative Inc Atlanta, GA | $93,266,962 | $86,228,529 |
Transylvania Vocational Services Inc Brevard, NC | $52,218,118 | $34,183,028 |
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Champions For Education Inc Charlotte, NC | $4,769,828 | $14,830,024 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
Lowes Foundation Mooresville, NC | $8,794,184 | $2,155,365 |
Queens University Of Charlotte Endowment Charlotte, NC | $185,539,015 | $2,324,123 |
Women For Women Winterville, NC | $0 | $207,453 |