Izzo Legacy
- Assets
- $858.3k
- Revenue
- $428.9k
- Investments
- $0.0
- Employees
- 0
- Location
- East Lansing, MI
- Founding
- Data as of
- 12/2022
- EIN
- 83-4132225
Organization Overview
Izzo Legacy is located in East Lansing, MI. According to its NTEE Classification (K12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Izzo Legacy 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 12/2022, Izzo Legacy generated $428.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $49.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MSSION OF THE IZZO LEGACY TO RAISE AND ADMINISTER FUNDS THAT WILL FEED THE HUNGRY, MEET THE NEEDS OF THE UNDERSERVED, REDUCE BARRIERS TO EDUCATIONAL OPPORTUNITIES, AND BRING HOPE OF A BRIGHTER FUTURE TO COMMUNITIES IN NEED BY SUPPORTING QUALIFIED TAX-EXEMPT ORGANIZATIONS THAT CONDUCT CHARITABLE ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING MAKING THE DISTRIBUTIONS TO INDIVIDUAL ORGANIZATIONS THAT QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IZZO LEGACY PLANS TO FOCUS ITS WORK ON RAISING AWARENESS AND TO EDUCATE THE COMMUNITY ON THE DIRECT AND INDIRECT IMPACTS OF HUNGER, HOMELESSNESS AND HOPELESSNESS THROUGHOUT THE COMMUNITY; ULTIMATELY MAKING THE COMMUNITY AWARE OF THE OPPORTUNITIES AVAILABLE TO GET INVOLVED AND TO MAKE A DIFFERENCE IN THE LIVES OF THOSE IN NEED THROUGH DIRECT AND IN-KIND DONATIONS WHILE ENCOURAGING VOLUNTEERISM. THE IZZO LEGACY SEEKS OUT OPPORTUNITIES FOR COMMUNITY OUTREACH AND AWARENESS THROUGH THE NOW ANNUAL IZZO RUN/WALK/ROLL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guadalupe M Izzo President | OfficerTrustee | 25 | $0 |
Christina Ferland Secretary | OfficerTrustee | 3 | $0 |
Justin M Sheehan Treasurer | OfficerTrustee | 3 | $0 |
Marcy Gillespie-Kinzer Board Member | Trustee | 10 | $0 |
Mallory Griffin Board Member | Trustee | 1 | $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 | $426,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $426,271 |
| Total Program Service Revenue | $0 |
| Investment income | $3,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$553 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $428,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,807 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,649 |
| Office expenses | $1,750 |
| Information technology | $2,448 |
| 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 | $144 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $49,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $858,311 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $858,311 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,890 |
| 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 | $2,890 |
| Net assets without donor restrictions | $855,421 |
| 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 | $858,311 |
Grants Awarded
Over the last fiscal year, Izzo Legacy has awarded $140,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER LANSING FOOD BANK PURPOSE: OPERATIONAL ASSISTANCE | $20,000 |
MSU STUDENT FOOD BANK PURPOSE: OPERATIONAL ASSISTANCE | $20,000 |
MSU SAFE PLACE PURPOSE: OPERATIONAL ASSISTANCE | $20,000 |
ELE'S PLACE PURPOSE: OPERATIONAL ASSISTANCE | $20,000 |
LANSING PROMISE PURPOSE: OPERATIONAL ASSISTANCE | $20,000 |
CRISTO REY PURPOSE: OPERATIONAL ASSISTANCE | $20,000 |