Floyd County Legacy Foundation
- Assets
- $28.3m
- Revenue
- -$266.8k
- Investments
- $0.0
- Employees
- 0
- Location
- New Albany, IN
- Founding
- Data as of
- 12/2022
- EIN
- 83-3564985
Organization Overview
Floyd County Legacy Foundation is located in New Albany, IN. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Floyd County 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.
Since 2020, Floyd County Legacy Foundation has awarded 21 individual grants totaling $1,026,711. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ENDOWED FUNDS AS A RESOURCE TO HELP MEET COMMUNITY NEEDS AND PROVIDE FOR THOSE CHANGING NEEDS FOR THE FUTURE GENERATIONS BY ENCOURAGING PHILANTHROPIC LEADERSHIP AND FLEXIBLE CHARITABLE OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ENDOWED FUNDS AS A RESOURCE TO HELP MEET COMMUNITY NEEDS TODAY AND PROVIDE FOR THOSE CHANGING NEEDS FOR THE FUTURE GENERATIONS BY ENCOURAGING PHILANTHROPIC LEADERSHIP AND FLEXIBLE CHARITABLE OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Burks Chairman | OfficerTrustee | 5 | $0 |
Denise Konkle Treasurer | OfficerTrustee | 5 | $0 |
Ray Chinn Secretary | OfficerTrustee | 5 | $0 |
Bill White Trustee | Trustee | 5 | $0 |
Al Knable Trustee | Trustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $518,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$785,772 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$266,795 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $415,000 |
| 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 | $4,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,718 |
| Fees for services: Other | $51,100 |
| Advertising and promotion | $1,320 |
| 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 | $9,071 |
| Total functional expenses | $540,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,175,138 |
| 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 | $27,147,248 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,322,386 |
| 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 | $28,322,386 |
| 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 | $28,322,386 |
Grants Awarded
Over the last fiscal year, Floyd County Legacy Foundation has awarded $415,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PERSONAL COUNSELING SERVICES INC PURPOSE: SUPPORT | $55,000 |
FAMILY & CHILDREN'S PLACE PURPOSE: SUPPORT | $25,000 |
BRANDON'S HOUSE COUNSELING CENTER INC PURPOSE: SUPPORT | $50,000 |
MAKER MOBILE INC PURPOSE: SUPPORT | $75,000 |
CHRISTIAN FORMATION MINISTRIES INC PURPOSE: SUPPORT | $15,000 |
FLOYD COUNTY 4-H PURPOSE: SUPPORT | $75,000 |