Legacy Charities INC

Tax-deductible

New Braunfels, TX501(c)(3)InternationalEIN 33-1036391Revenue $621K in FY2024

On file with the IRSnewdayfosterhome.com710 Moonglow Ave, 78130-5342 · New Braunfels, TXTax-exempt since May 2004Publicly supported charity — 170(b)(1)(A)(vi)

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Legacy charities' mission is to provide life saving surgeries and a loving home to orphans with special needs from around china and vietnam, expanding further into southeast asia.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 16.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $338K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$852K
102% of total assets
Concern: liabilities are 102% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$621K
+5% vs prior year
Spent
$625K
To programs
95%
Net assets
−$18K
By yearFY2020–FY2024
Revenue
$621K
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$324K
FY2021$700K
FY2022$425K
FY2023$590K
FY2024$621K
Expenses
$625K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$299K
FY2021$711K
FY2022$436K
FY2023$599K
FY2024$625K
Net assets
−$18K
FY2024▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2020$213K
FY2021$202K
FY2022−$3K
FY2023−$15K
FY2024−$18K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2004.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $595K Management & general 4% · $27K Fundraising 0% · $3K

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

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Who runs it and what they're paid

8 people listed on the 990.

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 1637 $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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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

Provides life-saving surgeries and loving homes for orphans with special needs.

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Provided by the organization

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1 program · $595K · in their 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

Funders

Who pays for it.

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

Grants

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$621K
Ln 12
Gifts and grantsLn 1h$621K
Investment incomeLn 3$72
Money outPt IX
$625K
Ln 25
Programscol B$595K
Managementcol C$27K
Fundraisingcol D$3K
Owns and owesPt X
−$18K
net assets · Ln 32
Cash and savingsLn 1–2$834K
Total assetsLn 16$834K
LiabilitiesLn 26$852K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$621K
Investment incomeLn 3$72
Total revenueLn 12$621K
Assets in detailPt X, end of year
CashLn 1$86K
SavingsLn 2$748K
Cash and savings togetherLn 1–2$834K
Total assetsLn 16$834K
LiabilitiesLn 26$852K
Net assetsLn 32−$18K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$562K$834K
Total assetsLn 16$571K$834K
LiabilitiesLn 26$585K$852K
Net assetsLn 32−$15K−$18K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$586K$586K
Pay of current officers, directors and key staffLn 5$8K$3K$3K$3K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$6K$6K
Other expenses (24a–d)Ln 24$9K$9K
Total functional expensesLn 25$625K$595K$27K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $621K$625K−$4K−$18K 990 PDF
FY2023 $590K$599K−$9K−$15K 990 PDF
FY2022 $425K$436K−$11K−$3K 990 PDF
FY2021 $700K$711K−$11K$202K 990 PDF
FY2020 $324K$299K$25K$213K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $621,177 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $589,548$621,105
I-9 Program service revenue$0
I-10 Investment incomePrior year $434$72
I-11 Other revenue$0
I-12 Total revenuePrior year $589,982$621,177
I-13 Grants and similar amounts paidPrior year $549,945$586,418
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $16,800$8,400
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $32,344$29,937
I-18 Total expensesPrior year $599,089$624,755
I-19 Revenue less expensesPrior year −$9,107−$3,578
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $621,177 across 4 lines filed
VIII-1f All other contributions, gifts and grants$621,105
VIII-1h Total contributions, gifts and grants$621,105
VIII-3 Investment incomeExcluded from tax $72$72
VIII-12 Total revenueExcluded from tax $72$621,177
Part IX · Statement of functional expenses $624,755 across 6 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $586,418$586,418
IX-5 Pay of current officers, directors and key staffPrograms $2,800 · Management $2,800 · Fundraising $2,800$8,400
IX-11c Accounting feesManagement $8,513$8,513
IX-11g Other fees for servicesPrograms $6,213$6,213
IX-13 Office expensesManagement $6,211$6,211
IX-24 Other expenses (24a–d)Management $9,000$9,000
IX-25 Total functional expensesPrograms $595,431 · Management $26,524 · Fundraising $2,800$624,755
Part X · Balance sheet $833,950 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $90,578$86,204
X-2 Savings and temporary cash investmentsStart of year $471,110$747,746
X-16 Total assetsStart of year $570,688$833,950
X-25 Other liabilitiesStart of year $585,483$852,323
X-26 Total liabilitiesStart of year $585,483$852,323
X-32 Total net assets or fund balancesStart of year −$14,795−$18,373
X-33 Total liabilities and net assetsStart of year $570,688$833,950
Part XI · Reconciliation of net assets −$18,373 net assets at year end
XI-1 Total revenue$621,177
XI-2 Total expenses$624,755
XI-3 Revenue less expenses−$3,578
XI-4 Net assets at start of year−$14,795
XI-10 Net assets at end of year−$18,373

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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