philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

The Legacy Foundation

Tax-deductible

Sioux City, IA501(c)(3)Since 2008Education EIN 26-3853831Revenue $4.9M in FY2025

On file with the IRSlegacyfoundation.us600 4th St Ste 360, 51101-1706 · Sioux City, IATax-exempt since Jun 2009Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The Foundation is organized to educate the general public about concepts that advance individual liberty, free enterprise, and limited and accountable government, and will engage in independent, nonpartisan research on public policy matters and initiatives. The foundation's goal is to assemble a team of research analysts with specializations in various areas of public policy, including but not limited to, education policy, tax and fiscal policy, labor-management relations policy, civil rights policy, health care policy, and issues of governmental transparency.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $344K a year · 31% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $235K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.9M
×183 vs prior year
Spent
$2.7M
To programs
98%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$4.9M
FY2025▲ ×183
Tap a bar for its year
Revenue by fiscal year
FY2020$838K
FY2021$386K
FY2022$460K
FY2023$86K
FY2024$27K
FY2025$4.9M
Expenses
$2.7M
FY2025▲ ×192
Tap a bar for its year
Expenses by fiscal year
FY2020$918K
FY2021$320K
FY2022$497K
FY2023$126K
FY2024$14K
FY2025$2.7M
Net assets
$2.2M
FY2025▲ ×27
Tap a bar for its year
Net assets by fiscal year
FY2020$82K
FY2021$147K
FY2022$110K
FY2023$70K
FY2024$82K
FY2025$2.2M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $2.7M Management & general 2% · $42K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Allison Kleis
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Legacy Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates the public on individual liberty, free enterprise, and limited government through nonpartisan research.

Questions for The Legacy Foundation

Tap to ask. The Legacy Foundation sees how many people are interested.

Your first name shows with your question. The Legacy Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $2.7M · in their own filed words · FY2025
01

Combating antisemitism, supporting lawsuits on behalf of families, students, and organizations, in an effort to compel change at educational and professional institutions across the country.

$2.6Mprogram expense
02

The foundation engaged in teaching americans about voting and funded a legal brief on the subject.

$55Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
America Issues Movement INCFY2025$235K
Total grants receivedfrom 1 funder$235K
Grants paid · 5 grants · $1.3M · 2020–2025
Americans for Oxford INCNY · FY2025$410,000
National Jewish Advocacy CenterGA · FY2025$50,000
Americans for Oxford INCNY · FY2022$250,000
Americans for Public TrustVA · FY2020$589,000
Congregation Beth Aaron of TeaneckNJ · FY2020$6,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.9M
Ln 12
Gifts and grantsLn 1h$4.9M
Investment incomeLn 3$2K
Money outPt IX
$2.7M
Ln 25
Programscol B$2.7M
Managementcol C$42K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$2.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.9M
Noncash giftsLn 1g$102K
Investment incomeLn 3$2K
Total revenueLn 12$4.9M
Assets in detailPt X, end of year
CashLn 1$62K
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$2.2M
Total assetsLn 16$2.2M
LiabilitiesLn 26$0
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$67K$2.2M
Total assetsLn 16$82K$2.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$82K$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$460K$460K
Management feesLn 11a$30K$30K
Legal feesLn 11b$1.9M$1.9M
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$140K$137K$2K
Office expensesLn 13$1K$1K
OccupancyLn 16$1K$1K
Other expenses (24a–d)Ln 24$229K$224K$5K
All other expensesLn 24e$648$213$435
Total functional expensesLn 25$2.7M$2.7M$42K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.9M$2.7M$2.1M$2.2M 990 PDF
FY2024 $27K$14K$12K$82K 990 PDF
FY2023 $86K$126K−$40K$70K 990 PDF
FY2022 $460K$497K−$37K$110K 990 PDF
FY2021 $386K$320K$65K$147K 990 PDF
FY2020 $838K$918K−$80K$82K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $4,880,199 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,205$4,878,279
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,413$1,920
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $26,618$4,880,199
I-13 Grants and similar amounts paidPrior year $0$460,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,220$2,274,890
I-18 Total expensesPrior year $14,220$2,734,890
I-19 Revenue less expensesPrior year $12,398$2,145,309
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,880,199 across 5 lines filed
VIII-1f All other contributions, gifts and grants$4,878,279
VIII-1g Noncash contributions (included above)$102,194
VIII-1h Total contributions, gifts and grants$4,878,279
VIII-3 Investment incomeExcluded from tax $1,920$1,920
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,920$4,880,199
Part IX · Statement of functional expenses $2,734,890 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $460,000$460,000
IX-11a Management feesManagement $30,000$30,000
IX-11b Legal feesPrograms $1,871,566$1,871,566
IX-11c Accounting feesManagement $1,660$1,660
IX-12 Advertising and promotionPrograms $137,305 · Management $2,340$139,645
IX-13 Office expensesManagement $1,185$1,185
IX-16 OccupancyManagement $1,200$1,200
IX-24 Other expenses (24a–d)Programs $223,986 · Management $5,000$228,986
IX-24e All other expensesPrograms $213 · Management $435$648
IX-25 Total functional expensesPrograms $2,693,070 · Management $41,820 · Fundraising $0$2,734,890
Part X · Balance sheet $2,227,389 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $41,954$62,193
X-2 Savings and temporary cash investmentsStart of year $25,026$2,150,096
X-9 Prepaid expenses and deferred chargesStart of year $15,100$15,100
X-16 Total assetsStart of year $82,080$2,227,389
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year −$68,438$2,076,871
X-28 Net assets with donor restrictionsStart of year $150,518$150,518
X-32 Total net assets or fund balancesStart of year $82,080$2,227,389
X-33 Total liabilities and net assetsStart of year $82,080$2,227,389
Part XI · Reconciliation of net assets $2,227,389 net assets at year end
XI-1 Total revenue$4,880,199
XI-2 Total expenses$2,734,890
XI-3 Revenue less expenses$2,145,309
XI-4 Net assets at start of year$82,080
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,227,389

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.