Legacy Collective
- Assets
- $320.4k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Austin, TX
- Founding
- Data as of
- 12/2022
- EIN
- 87-1730864
Organization Overview
Legacy Collective is located in Austin, TX. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Legacy Collective employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Collective is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Legacy Collective has awarded 24 individual grants totaling $526,543. 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
LEGACY COLLECTIVE WORKS TO SOLVE SYSTEMIC ISSUES BY FUNDING THE MOST SUSTAINABLE, INNOVATIVE EFFORTS THROUGH PARTNERSHIPS WITH NONPROFIT ORGANIZATIONS LOCALLY AND GLOBALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S COMMUNITY IS MADE UP OF INDIVIDUAL DONORS WHO COMBINE THEIR FUNDS IN GIVING CIRCLES. EACH GIVING CIRCLE COMBINES THEIR MONTHLY DONATIONS TO MAKE A BIGGER IMPACT BY VOTING ON AND GIVING GRANTS TO THOROUGHLY VETTED NONPROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Arnheim Chief Executive Officer | OfficerTrustee | 40 | $113,600 |
Jennifer Hatmaker Co-Founder/chief Outreach Officer | OfficerTrustee | 40 | $15,487 |
Bt Harman Chairman | OfficerTrustee | 4.3 | $0 |
Lindsey Leaverton Treasurer | OfficerTrustee | 2 | $0 |
Joseph Graham Secretary | OfficerTrustee | 2 | $0 |
Cory Macdonald Director | Trustee | 2 | $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 | $1,350,867 |
| Noncash contributions included in lines 1a–1f | $49,007 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,350,867 |
| Total Program Service Revenue | $0 |
| 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 | $8,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,359,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $550,973 |
| 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. | $160,374 |
| Compensation of current officers, directors, key employees. | $41,851 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,461 |
| Pension plan accruals and contributions | $2,763 |
| Other employee benefits | $0 |
| Payroll taxes | $18,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,657 |
| Fees for services: Accounting | $9,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,400 |
| Advertising and promotion | $94,892 |
| Office expenses | $69,618 |
| Information technology | $11,951 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,761 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,757 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,598 |
| All other expenses | $0 |
| Total functional expenses | $1,156,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,496 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $84,355 |
| 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 | $3,548 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $320,399 |
| Accounts payable and accrued expenses | $1,446 |
| 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 | $1,446 |
| Net assets without donor restrictions | $16,399 |
| Net assets with donor restrictions | $302,554 |
| 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 | $320,399 |
Grants Awarded
Over the last fiscal year, Legacy Collective has awarded $526,543 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: DISASTER RELIEF | $76,300 |
Austin, TX PURPOSE: GENERAL SUPPORT | $34,231 |
West Hollywood, CA PURPOSE: GENERAL SUPPORT | $32,705 |
Plano, TX PURPOSE: GENERAL SUPPORT | $30,000 |
Austin, TX PURPOSE: GENERAL SUPPORT | $30,000 |
Seattle, WA PURPOSE: GENERAL SUPPORT | $26,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Legacy Collective has recieved totaling $1,213,691.
| Awarding Organization | Amount |
|---|---|
Pure Inc Bentonville, AR PURPOSE: GENERAL SUPPORT | $1,213,691 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |