Legacy Imperative Inc
- Assets
- $54.3k
- Revenue
- $321.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Naples, FL
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 84-3011577
Organization Overview
Legacy Imperative Inc is located in Naples, FL. The organization was established in 2020. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Legacy Imperative Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Imperative 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 12/2022, Legacy Imperative Inc generated $321.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $326.5k during the year ending 12/2022. While expenses have increased by 43.6% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR GOAL IS TO DISCIPLE AND HELP YOU UNDERSTAND THE CULTURE AND DIGITAL WORLD KIDS INHABIT, AND HOW TO COMMUNICATE VALUES IN A LANGUAGE AND MANNER THAT ARE RELEVANT TO THEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
DICIPLE AND HELP UNDERSTANDING THE DIGITAL WORLD OF TODAY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Robert Petterson President | Trustee | 40 | $84,000 |
Chris Allen Finance | Officer | 20 | $19,800 |
Dr Daniel Mercaldo Director | Trustee | 5 | $0 |
Barbara Zaiser Director | Trustee | 5 | $0 |
Brain Hunter Director | Trustee | 5 | $0 |
Tricia Felice Director | 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 | $306,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,820 |
| Total Program Service Revenue | $14,258 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $321,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $151,800 |
| 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 | $5,290 |
| Fees for services: Management | $450 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $89,331 |
| Office expenses | $4,149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $590 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $53,929 |
| Total functional expenses | $326,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,325 |
| 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 | $54,325 |
| 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 | $40,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $40,000 |
| Net assets without donor restrictions | $0 |
| 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 | $14,325 |
| Total liabilities and net assets/fund balances | $54,325 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Legacy Imperative Inc has recieved totaling $27,000.
| Awarding Organization | Amount |
|---|---|
Larson Foundation Bonita Springs, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Columbus Foundation Columbus, OH PURPOSE: SOCIAL SERVICES | $10,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shearim Corp Miami, FL | $110,292 | $3,846,481 |
New Era Culture & Education Center Inc Miramar, FL | $789,322 | $2,032,523 |
Latino Leadership Inc Orlando, FL | $711,924 | $1,637,613 |
Souls Grown Deep Community Partnership Inc Atlanta, GA | $880,696 | $744,221 |
National Black Arts Festival Inc Atlanta, GA | $1,026,989 | $1,260,210 |
Florida Education Association Altamonte Springs, FL | $560,283 | $488,881 |
Georgia Nihongo Gakko Inc Mableton, GA | $743,833 | $554,885 |
Kirby Family Farm Williston, FL | $5,815,422 | $492,608 |
Alliance Francaise Of Atlanta Inc Atlanta, GA | $569,418 | $608,131 |
Friends Of Goethe Inc Atlanta, GA | $351,250 | $557,862 |
Centro Cultural Espanol De Cooperacion Iberoamericana Inc Miami, FL | $443,362 | $551,333 |
Philippine Cultural Foundation Inc Tampa, FL | $1,277,183 | $484,563 |