Legacy Charities INC EIN 33-1036391

Legacy Charities INC

EIN  33-1036391 Public charity (501(c)(3)) New Braunfels, TX
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Size
$100K–1M
What they do
Provides life-saving surgeries and loving homes for orphans with special needs.
Leadership
Bryon Brenneman · Treasurer
Money in and out
$621K revenue, $625K expenses
Bottom line
95% program efficiency

Provides life-saving surgeries and loving homes for orphans with special needs. For fiscal year 2024 it reported $621K in revenue, $625K in expenses, and $-18K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$621K
Pt VIII · Ln 12
Total expenses
$625K
Pt IX · Ln 25
Net assets
$-18K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.04 Fundraising $0.00
Program efficiency
95%
of spending reaches programs0% vs prior filing year
Operating runway
16.0mo
months of highly liquid reserves at operating expense rate▲ +42% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▲ +63% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$621K
FY2024▲ +5%
Expenses
$625K
FY2024▲ +4%
Total assets
$834K
FY2024▲ +46%
Total liabilities
$852K
FY2024▲ +46%
Total revenue
$621K
Pt VIII · Ln 12
Total expenses
$625K
Pt IX · Ln 25
Net assets
$-18K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$834K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $595K of program spending, described in the organization's own filed words · FY2024.
01

Program Service Accomplishments

Legacy charities, inc, aka new day charities 990 report for 2024 new day china 1.SAVANNAH project - 20 children in-orphanage projects each of our in-orphanage projects are an oasis. A green place located in a dry area. An oasis of hope underground streams - aquifers, feed every oasis.

$595Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLegacy Charities INC
EINHdr · item D33-1036391
Principal addressHdr · item CNew Braunfels, TX
WebsiteHdr · item Jwww.newdayfosterhome.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q30)
Ruling yearIRS BMFMay 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Neal Donop’s $17K as President is at the 13th percentile of top reported officer pay among 1638 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Neal Donop$16,800$16,800$16,800$11,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$621K
Investment income$72
Total revenueLn 12$621K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.04 Fundraising $0.00
Program services95%$595K
Management & general4%$27K
Fundraising$3K
Total functional expensesLn 25$625K

Balance Sheet

Part X · end of year
CashLn 1$834K
Total assetsLn 16$834K
Total liabilitiesLn 26$852K
Total net assetsLn 32$-18K
Months of cash on handcomputed16.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $834K · Operating expenses/yr $625K
16.0 months
Where the money goes
Program services
Program services $595K · Total expenses $625K
95%
Management & General
Management & general $27K · Total expenses $625K
4%
Fundraising
Fundraising $3K · Total expenses $625K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $538K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $621K · Total revenue $621K
100%
Government reliance
Government grants — · Total revenue $621K
Earned-income share
Program service revenue $0 · Total revenue $621K
0%
Investment reliance
Investment income $72 · Total revenue $621K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $625K
0%
Growth & trend
Revenue growth (YoY)
This year $621K · Prior year $590K
+5%
Revenue CAGR
FY2020 $324K · FY2024 $621K
+18%
Net-asset trend (YoY)
End of year $-18K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $621K · Expenses $625K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $834K
Net-asset ratio
Net assets $-18K · Total assets $834K
-2%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $834K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bryon Brenneman · Reported title TREASURER · Highest reported compensation $0 · Total expenses $625K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $8K · Total expenses $625K
1%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth 5%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$621K revenue · viewing · ⤓ 990 PDF
FY2023$590K revenue · ⤓ 990 PDF
FY2022$425K revenue · ⤓ 990 PDF
FY2021$700K revenue · ⤓ 990 PDF
FY2020$324K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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