Leadership Legacy Life Foundation
- Assets
- $2.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 01/1997
- Data as of
- 12/2021
- EIN
- 54-1819267
Organization Overview
Leadership Legacy Life Foundation is located in Austin, TX. The organization was established in 1997. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership Legacy Life 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 12/2021, Leadership Legacy Life Foundation generated $1.2m in total revenue. All expenses for the organization totaled $254.4k during the year ending 12/2021.
Since 2020, Leadership Legacy Life Foundation has awarded 11 individual grants totaling $444,500. 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
FUND CHARITABLE ORGANIZATIONS IN THE AREAS OF ANIMAL WELFARE, ARTS & CULTURE, CHILDREN & YOUTH SERVICES, COMMUNITY SERVICE, COUNSELING, DISABILITIES SERVICES, EDUCATION, FAMILY, HEALTHCARE...
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS & CULTURE - SUPPORT PUBLIC RADIO AND PUBLIC TELEVISION BROADCAST SERVICES AND STATIONS.
HEALTHCARE - SUPPORT HOSPITAL FOUNDATIONS, PROGRAMS AND DIABETES RESEARCH
COMMUNITY SERVICES - SUPPORT COMMUNITY FOUNDATIONS AND PUBLIC PARKS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Robshaw Trustee | Trustee | $0 | |
Ken Gladish Trustee | Trustee | $0 | |
Warren Rustand Trustee | 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 | $1,023,901 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,023,901 |
| Total Program Service Revenue | $0 |
| Investment income | $191,054 |
| 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 | $1,214,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $233,500 |
| 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 | $0 |
| 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 | $3,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,499 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $8,384 |
| Total functional expenses | $254,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,488 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,349,068 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,449,556 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,449,556 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,449,556 |
Grants Awarded
Over the last fiscal year, Leadership Legacy Life Foundation has awarded $218,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: Donations | $125,000 |
Cashiers, NC PURPOSE: Donations | $25,000 |
Chicago, IL PURPOSE: Donations | $25,000 |
Cashiers, NC PURPOSE: Donations | $25,000 |
St Louis, MO PURPOSE: Donations | $10,000 |
Cashiers, NC PURPOSE: Donations | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Leadership Legacy Life Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma Council On Economic Education Edmond, OK | $169,796 | $406,223 |
Leadership Legacy Life Foundation Austin, TX | $2,449,556 | $1,214,955 |
World Council Of Economic Policy Inc Norman, OK | $43,865 | $251,375 |
Louisiana Council On Economic Education Baton Rouge, LA | $153,306 | $0 |
Texas Council On Economic Education Denton, TX | $43,962 | $43,021 |
Urban Economics Association Houston, TX | $160,087 | $0 |
San Antonio Foundation For Free Enterprise San Antonio, TX | $193,159 | $0 |