Legacy College Inc
- Assets
- $59.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- Data as of
- 12/2021
- EIN
- 81-1162877
Organization Overview
Legacy College Inc is located in Lynchburg, VA. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy College Inc 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 College Inc generated $189.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 36.5% each year . All expenses for the organization totaled $182.6k during the year ending 12/2021. While expenses have increased by 29.8% per year over the past 2 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THEY DO THIS BY PROVIDING OPPORTUNITIES FOR ACCREDITED ACADEMICS WITH LOCAL COMMUNITY COLLEGES, IMPROVEMENT COMMON LIFE SKILLS INCLUDING MONEY AND TIME MANAGEMENT, AND CAREER DEVELOPMENT INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Dunton Board Member | 0 | $38,416 | |
Daryl Conner Chairman | 0 | $1,000 | |
Bill Dunton Board Member | 0 | $0 | |
Rev Jonathan Slocumb Board Member | 0 | $0 | |
Dr Ed Bauchou Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,100 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $189,100 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $131,805 |
| Professional fees and other payments to independent contractors | $21,190 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,602 |
| Total expenses | $182,597 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,087 |
| Other assets | $0 |
| Total assets | $59,087 |
| Total liabilities | $0 |
| Net assets or fund balances | $59,087 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Legacy College Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
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