National Legacy Foundation
- Assets
- $178.0k
- Revenue
- $103.0
- Investments
- $0.0
- Employees
- 0
- Location
- Augusta, GA
- Founding
- 12/1998
- Data as of
- 10/2023
- EIN
- 58-2394537
Organization Overview
National Legacy Foundation is located in Augusta, GA. The organization was established in 1998. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. National Legacy 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 10/2023, National Legacy Foundation generated $103.0 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 (51.8%) each year. All expenses for the organization totaled $6.3k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND PROMOTE PHILANTHROPY THROUGH EDUCATION, RESPONSIBLE MANAGEMENT OF CHARITABLE CONTRIBUTIONS AND THE DISTRIBUTION OF THESE FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPIC GIVING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eddie Cheeks Director | 0 | $0 | |
Monique Cheeks Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90 |
| Interest on Savings | $13 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,567 |
| Depreciation | $459 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,226 |
| Total operating and administrative expenses | $6,252 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $530 |
| Savings and temporary cash investments | $171,016 |
| 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 | $6,499 |
| Other assets | $0 |
| Total assets | $178,045 |
| 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, National Legacy Foundation has awarded $2,710 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DAMIEN SNEED FOUNDATION PURPOSE: DISCRETIONARY | $2,460 |
IKE AND JUSTINE WASHINGTON FOUNDATI PURPOSE: DISCRETIONARY | $250 |