The Legacy Senior Communities Foundation
- Assets
- $22.3m
- Revenue
- $8.1m
- Investments
- $72.9k
- Employees
- 2
- Location
- Dallas, TX
- Founding
- 05/1992
- Data as of
- 09/2023
- EIN
- 75-2411609
Organization Overview
The Legacy Senior Communities Foundation, operating under the name The legacy senior communities FDN, is located in Dallas, TX. The organization was established in 1992. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. As of 09/2023, legacy senior communities FDN employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. legacy senior communities FDN 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 09/2023, legacy senior communities FDN generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 41.8% each year . All expenses for the organization totaled $2.6m during the year ending 09/2023. While expenses have increased by 28.1% per year over the past 8 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 2015, legacy senior communities FDN has awarded 12 individual grants totaling $5,804,771. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS FOR CREATION AND CONTINUATION OF AN ENDOWMENT. INVEST RAISED FUNDS. DISTRIBUTE FUNDS TO ENHANCE AFFILIATES' ABILITY TO PROVIDE A CONTINUUM OF CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO THE LEGACY SENIOR COMMUNITIES, INC., THE LEGACY WILLOW BEND,INC., THE LEGACY MIDTOWN PARK, INC., AND THE LEGACY AT HOME, FOR GENERAL SUPPORT OF ELDER CARE FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Orth Lsc President/ceo | OfficerTrustee | 4 | $0 |
Terry Purchal CFO | Officer | 5 | $0 |
Laura Zych Senior Director Of Finance | Officer | 5 | $0 |
Andrea Statman Senior Director Development | 20 | $0 | |
Sandy Kaufman Chair | OfficerTrustee | 1 | $0 |
Carol Aaron Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $499,010 |
| Membership dues | $0 |
| Fundraising events | $637,927 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,757,743 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,894,680 |
| Total Program Service Revenue | $0 |
| Investment income | $789,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,060 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,331,119 |
| Net Income from Fundraising Events | $50,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,100,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,284,688 |
| 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 | $126,056 |
| Pension plan accruals and contributions | $10,894 |
| Other employee benefits | $18,675 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,456 |
| Fees for services: Other | $83,000 |
| Advertising and promotion | $0 |
| Office expenses | $26,916 |
| Information technology | $254 |
| 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 | $1,069 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,590,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,109,165 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,372,536 |
| Accounts receivable, net | $69,167 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,110,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $164,122 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,600,367 |
| Investments—other securities | $72,925 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $787,379 |
| Total assets | $22,285,661 |
| Accounts payable and accrued expenses | $2,498 |
| 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 | $2,498 |
| Net assets without donor restrictions | $14,499,616 |
| Net assets with donor restrictions | $7,783,547 |
| 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 | $22,285,661 |
Grants Awarded
Over the last fiscal year, The Legacy Senior Communities Foundation has awarded $2,284,688 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE LEGACY AT HOME INC PURPOSE: GRATEFUL HEARTS Resident Assistance | $102,237 |
THE LEGACY WILLOW BEND INC PURPOSE: GRATEFUL HEARTS resident assistance | $595,677 |
THE LEGACY MIDTOWN PARK INC PURPOSE: GRATEFUL HEARTS resident assistance | $1,586,774 |