Legacy Collective
- Assets
- $187.9k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Austin, TX
- Founding
- Data as of
- 12/2023
- 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 12/2023, 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.
For the year ending 12/2023, Legacy Collective generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Legacy Collective has awarded 53 individual grants totaling $1,130,163. 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
2023
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Kane Leaverton Chairman | OfficerTrustee | 4.3 | $0 |
Erin Arnheim Chief Executive Officer | Officer | 40 | $132,150 |
Jennifer Hatmaker Co-Founder/chief Outreach Officer | OfficerTrustee | 40 | $15,894 |
Joseph Graham Vice Chairman & Secretary | OfficerTrustee | 2 | $0 |
Steve Bryant Treasurer | OfficerTrustee | 2 | $0 |
Lisa Marie Hanna 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 | $1,192,141 |
| Noncash contributions included in lines 1a–1f | $23,007 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,192,141 |
| 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 | $836 |
| Net Income from Fundraising Events | $10,568 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,204,045 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $602,330 |
| 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. | $180,049 |
| Compensation of current officers, directors, key employees. | $18,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,381 |
| Pension plan accruals and contributions | $4,442 |
| Other employee benefits | $6,096 |
| Payroll taxes | $24,015 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,878 |
| Fees for services: Accounting | $30,927 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,329 |
| Advertising and promotion | $10,223 |
| Office expenses | $72,820 |
| Information technology | $102,808 |
| Royalties | $0 |
| Occupancy | $6,629 |
| Travel | $27,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,844 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,780 |
| All other expenses | $0 |
| Total functional expenses | $1,355,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,848 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $76,704 |
| 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 | $12,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $20,836 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $187,888 |
| Accounts payable and accrued expenses | $20,659 |
| 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 | $20,659 |
| Net assets without donor restrictions | $89,383 |
| Net assets with donor restrictions | $77,846 |
| 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 | $187,888 |
Grants Awarded
Over the last fiscal year, Legacy Collective has awarded $603,620 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
HALLE PROJECT PURPOSE: GENERAL SUPPORT | $11,569 |
AFRICAN MOTHETS HEALTH INITIATIVE PURPOSE: GENERAL SUPPORT | $19,200 |
BELOVED ATLANTA PURPOSE: GENERAL SUPPORT | $23,825 |
CAFE MOMENTUM PURPOSE: GENERAL SUPPORT | $17,500 |
CHICAGO SCHOLARS PURPOSE: GENERAL SUPPORT | $25,000 |
COVENANT HOUSE WASHINGTON DC PURPOSE: GENERAL SUPPORT | $18,500 |