Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
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
6 people listed on the 990.
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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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Raises funds to support Legacy Charter School.
Questions for Legacy Advancement
Your first name shows with your question. Legacy Advancement answers here, for everyone.
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The specific purposes of legacy advancement are to support and promote the establishment of charter schools whose missions are to offer quality, rigorous, and relevant educational programs leading to college graduation and to empower underserved urban students the opportunity to become productive, healthy, principled citizens in a…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $531K | $1.6M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $1.0M | $2.3M |
| LiabilitiesLn 26 | $25K | $248K |
| Net assetsLn 32 | $1.0M | $2.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $63K | $63K | ||
| Grants to domestic individualsLn 2 | $81K | $81K | ||
| Other fees for servicesLn 11g | $77K | $77K | ||
| Office expensesLn 13 | $48K | $48K | ||
| OccupancyLn 16 | $105K | $105K | ||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $12 | $12 | ||
| Total functional expensesLn 25 | $377K | $299K | $77K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $608K | $725K | −$117K | $2.2M | 990 PDF |
| FY2023 | $757K | $478K | $279K | $2.3M | 990 PDF |
| FY2022 Viewing | $1.4M | $377K | $1.0M | $2.0M | 990 PDF |
| FY2021 | $600K | $406K | $194K | $1.0M | 990 PDF |
| FY2020 | $1.1M | $549K | $560K | $819K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $1,397,776 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 4 to look at
Part VIII · Statement of revenue $1,397,776 across 4 lines filed
Part IX · Statement of functional expenses $376,767 across 7 lines filed
Part X · Balance sheet $2,282,667 assets, 14 lines filed
Part XI · Reconciliation of net assets $2,034,372 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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