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Legado De Esperanza Foundation

Wilmington, DE501(c)(3)EIN 45-3466233Revenue $336K in FY2023

On file with the IRSlegacyofhopefoundation.org2810 N Church St Pmb 88261, 19802-4447 · Wilmington, DETax-exempt since 0000Church — 170(b)(1)(A)(i)

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Faith based organization contributing holistic solutions to caring for orphaned and vulnerable children in honduras through foster care, crisis care, transition care, and family preservation.

85¢ of each $1 spent went to programs.
Run by 5 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · 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
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $29K a year · 8% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $65K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$151K
370% of total assets
Concern: liabilities are 370% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$336K
-6% vs prior year
Spent
$337K
To programs
85%
Net assets
−$110K
By yearFY2019–FY2023
Revenue
$336K
FY2023▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2019$406K
FY2020$359K
FY2021$344K
FY2022$359K
FY2023$336K
Expenses
$337K
FY2023▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2019$386K
FY2020$373K
FY2021$487K
FY2022$366K
FY2023$337K
Net assets
−$110K
FY2023▼ -0.5%
Tap a bar for its year
Net assets by fiscal year
FY2019$55K
FY2020$40K
FY2021−$102K
FY2022−$109K
FY2023−$110K

From the FY2023 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in 0000.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $287K Management & general 14% · $47K Fundraising 1% · $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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jon Stacy
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Legado De Esperanza Foundation executive salaries →

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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 holistic care for orphaned and vulnerable children in Honduras through foster, crisis, and transition programs.

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Provided by the organization

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1 program · $287K · in their own filed words · FY2023
01

Faith based organization contributing holistic solutions to caring for orphaned and vulnerable children in honduras through foster care, crisis care, transition care, and family preservation.

$287Kprogram 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
The Thomas Rosato FoundationFY2024$26K
Fidelity Investments Charitable Gift FundFY2024$21K
Paypal Charitable Giving FundFY2024$12K
Natl Christian Charitable Fdn INCFY2024$6K
Total grants receivedfrom 4 funders$65K
See all 4 funders →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$336K
Ln 12
Gifts and grantsLn 1h$310K
Fees for servicesLn 2g$27K
Money outPt IX
$337K
Ln 25
Programscol B$287K
Managementcol C$47K
Fundraisingcol D$3K
Owns and owesPt X
−$110K
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$41K
LiabilitiesLn 26$151K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$310K
Government grantsLn 1e$106K
Fees for servicesLn 2g$27K
Total revenueLn 12$336K
Assets in detailPt X, end of year
CashLn 1$38K
Cash and savings togetherLn 1–2$38K
Land, buildings, equipmentLn 10c$50
Total assetsLn 16$41K
LiabilitiesLn 26$151K
Net assetsLn 32−$110K
OperationsPt I, VI
EmployeesI 52
VolunteersI 65
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 FY23End FY23
Cash and savingsLn 1–2$46K$38K
Land, buildings, equipmentLn 10c$650$50
Total assetsLn 16$49K$41K
LiabilitiesLn 26$158K$151K
Net assetsLn 32−$109K−$110K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$116K$96K$20K
Payroll taxesLn 10$9K$7K$1K
Legal feesLn 11b$503$503
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$138$138
Office expensesLn 13$7K$5K$1K
Information technologyLn 14$6K$3K$2K
OccupancyLn 16$19K$12K$8K
TravelLn 17$4K$2K$2K$356
Depreciation, depletion and amortizationLn 22$600$600
Other expenses (24a–d)Ln 24$164K$163K$971
All other expensesLn 24e$8K$1K$7K
Total functional expensesLn 25$337K$287K$47K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $336K$337K−$589−$110K 990 PDF
FY2022 $359K$366K−$7K−$109K 990 PDF
FY2021 $344K$487K−$143K−$102K 990 PDF
FY2020 $359K$373K−$14K$40K 990 PDF
FY2019 $406K$386K$21K$55K 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 FY2023 990 (6 parts)
Part I · Summary $336,339 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $336,079$309,684
I-9 Program service revenuePrior year $23,126$26,655
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $359,205$336,339
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $131,216$125,018
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $235,025$211,910
I-18 Total expensesPrior year $366,241$336,928
I-19 Revenue less expensesPrior year −$7,036−$589
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $336,339 across 5 lines filed
VIII-1e Government grants$106,187
VIII-1f All other contributions, gifts and grants$203,497
VIII-1h Total contributions, gifts and grants$309,684
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $26,655$26,655
VIII-12 Total revenueRelated to mission $26,655$336,339
Part IX · Statement of functional expenses $336,928 across 12 lines filed
IX-7 Other salaries and wagesPrograms $96,151 · Management $20,194$116,345
IX-10 Payroll taxesPrograms $7,199 · Management $1,474$8,673
IX-11b Legal feesManagement $503$503
IX-11c Accounting feesManagement $2,593$2,593
IX-12 Advertising and promotionFundraising $138$138
IX-13 Office expensesPrograms $5,338 · Management $1,216$6,554
IX-14 Information technologyManagement $3,092 · Fundraising $2,475$5,567
IX-16 OccupancyPrograms $11,661 · Management $7,787$19,448
IX-17 TravelPrograms $2,382 · Management $1,661 · Fundraising $356$4,399
IX-22 Depreciation, depletion and amortizationPrograms $600$600
IX-24 Other expenses (24a–d)Programs $163,020 · Management $971$163,991
IX-24e All other expensesPrograms $1,053 · Management $7,064$8,117
IX-25 Total functional expensesPrograms $287,404 · Management $46,555 · Fundraising $2,969$336,928
Part X · Balance sheet $40,765 assets, 8 lines filed
Asset lines not itemized here account for $2,919; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $45,509$37,796
X-10c Land, buildings and equipment, netStart of year $650$50
X-16 Total assetsStart of year $49,111$40,765
X-25 Other liabilitiesStart of year $158,433$150,676
X-26 Total liabilitiesStart of year $158,433$150,676
X-27 Net assets without donor restrictionsStart of year −$109,322−$109,911
X-32 Total net assets or fund balancesStart of year −$109,322−$109,911
X-33 Total liabilities and net assetsStart of year $49,111$40,765
Part XI · Reconciliation of net assets −$109,911 net assets at year end
XI-1 Total revenue$336,339
XI-2 Total expenses$336,928
XI-3 Revenue less expenses−$589
XI-4 Net assets at start of year−$109,322
XI-10 Net assets at end of year−$109,911

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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