Legacy Advance Inc is located in Mission Viejo, CA. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Advance 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 12/2023, Legacy Advance Inc generated $145.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 71.3% each year . All expenses for the organization totaled $141.3k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
EDUCATION AND COACHING TO EMPOWER PEOPLE IN UNDERSERVED COMMUNITIES GLOBALLY TO IDENTIFY CHALLENGES AND PROVIDE HOLISTIC SOLUTIONS TO IMPROVE THEIR COMMUNITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andreas Mehrguth President & CEO | 20 | $0 | |
Teresa L Mehrguth Secretary | 20 | $0 | |
Bruce Farber Treasurer | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $145,563 |
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 | $145,563 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $130,093 |
Professional fees and other payments to independent contractors | $1,530 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $421 |
Other expenses | $9,248 |
Total expenses | $141,292 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $47,679 |
Other assets | $0 |
Total assets | $47,679 |
Total liabilities | $33,280 |
Net assets or fund balances | $14,399 |