Legacy Solutions Foundation
- Assets
- $87.1k
- Revenue
- -$4.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Southern Pines, NC
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-2419941
Organization Overview
Legacy Solutions Foundation is located in Southern Pines, NC. The organization was established in 2019. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Solutions Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SEEKS TO PROMOTE DONORS TO DONATE REAL ESTATE AND OBTAIN A CHARITABLE TAX DEDUCTION. THE ORGANIZATION THEN SELLS THE PROPERTY AND USES THE PROCEEDS TO ACCOMPLISH THE EXEMPT PURPOSE, WHICH IS THE SUPPORT OF LOCAL 501(C)(3) ORGANIZATIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,736 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$4,736 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,297 |
| Depreciation | $365 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,474 |
| Total operating and administrative expenses | $19,897 |
| Contributions, gifts, grants paid | $1,050 |
| Total expenses and disbursements | $20,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,326 |
| Savings and temporary cash investments | $0 |
| 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 | $728 |
| Other assets | $0 |
| Total assets | $87,054 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $13,994 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,994 |
Grants Awarded
Over the last fiscal year, Legacy Solutions Foundation has awarded $1,050 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Morrisville, NC PURPOSE: TO SUPPORT LOCAL PUBLIC CHARITIES | $500 |
MOORE COUNTY FAMILY CENTER PURPOSE: TO SUPPORT LOCAL PUBLIC CHARITIES | $50 |
Pinehurst, NC PURPOSE: TO SUPPORT LOCAL PUBLIC CHARITIES | $50 |
Southern Pines, NC PURPOSE: TO SUPPORT LOCAL PUBLIC CHARITIES | $50 |
Southern Pines, NC PURPOSE: TO SUPPORT LOCAL PUBLIC CHARITIES | $50 |
WEYMOUTH CENTER OF ARTS & HUMANITY PURPOSE: TO SUPPORT LOCAL PUBLIC CHARITIES | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodbine Community Organization Wco Inc Nashville, TN | $99,872,484 | $15,160,345 |
National Association Of Professional Employer Organization Alexandria, VA | $9,490,281 | $8,665,299 |
Virginia Beach Community Development Corporation Virginia Beach, VA | $35,346,329 | $7,614,457 |
Community Revitalization And Reservation Corporation Raleigh, NC | $42,174,048 | $6,127,827 |
Clinch Valley Community Action Inc North Tazewell, VA | $3,516,619 | $7,158,606 |
Northwest Tennessee Development Martin, TN | $5,677,713 | $7,068,049 |
New River Community Action Inc Radford, VA | $2,771,237 | $7,058,582 |
Oasis Center Inc Nashville, TN | $8,797,706 | $7,228,064 |
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Macon Program For Progress Inc Franklin, NC | $4,140,182 | $6,952,364 |
Orpheum Theatre Group Memphis, TN | $37,801,412 | $4,089,220 |
Lowcountry Community Action Agency 807 Hampton Walterboro, SC | $2,100,801 | $6,798,498 |