The Izzo Legacy

Tax-deductible

East Lansing, MI501(c)(3)Food & AgricultureEIN 83-4132225

IT is the mssion of the izzo legacy to raise and administer funds that will feed the hungry, meet the needs of the underserved, reduce barriers to educational opportunities, and bring hope of a brighter future to communities in need by supporting qualified tax-exempt organizations that conduct charitable activities within the meaning of section 501(c)(3) of the internal revenue code, including making the distributions to individual organizations that qualify as tax-exempt organizations under section 501(c)(3) of the code.

501(c)(3) charity; gifts are tax-deductible.
88¢ 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
4 of 5
filings with a surplus
Average surplus $291K a year · 67% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 16.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $187K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$122K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$644K
+13% vs prior year
Spent
$374K
To programs
88%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$644K
FY2024▲ +13%
Revenue by fiscal year
FY2020$695
FY2021$541K
FY2022$429K
FY2023$567K
FY2024$644K
Expenses
$374K
FY2024▲ +398%
Expenses by fiscal year
FY2020$124K
FY2021$102K
FY2022$50K
FY2023$75K
FY2024$374K
Net assets
$1.6M
FY2024▲ +20%
Net assets by fiscal year
FY2020$38K
FY2021$476K
FY2022$855K
FY2023$1.3M
FY2024$1.6M

From the FY2024 Form 990 · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CThe Izzo Legacy
EINHdr · item D83-4132225
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2020
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CEast Lansing, MI
NTEE classificationIRS BMFFood & Agriculture (K12)
WebsiteHdr · item Jwww.izzolegacy.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$328K
Management & general12%$46K
Total functional expensesLn 25$374K

Financial health

Is it on solid ground?

Program efficiency
88%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
55.3mo
months of highly liquid reserves at operating expense rate▼ -74% vs prior filing year
Surplus margin
+42%
revenue over expenses, this year▼ -52% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.7M
FY2024▲ +29%
Total assets by fiscal year
FY2020$384K
FY2021$476K
FY2022$858K
FY2023$1.3M
FY2024$1.7M
Total liabilities
$122K
FY2024▲ ×27
Total liabilities by fiscal year
FY2020$346K
FY2021$0
FY2022$3K
FY2023$5K
FY2024$122K
Revenue less expensesPt I · Ln 19$270K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$520K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$122K
Total net assetsLn 32$1.6M
Months of cash on handcomputed16.7

Statement of Revenue

Part VIII
Contributions & grants$624K · 97%
Investment income$62K · 10%
Contributions & grants97%$624K
Investment income10%$62K
Total revenueLn 12$644K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.7M · Operating expenses/yr $374K
55.3 months
Where the money goes
Program services
Program services $328K · Total expenses $374K
88%
Management & General
Management & general $46K · Total expenses $374K
12%
Fundraising
Fundraising $0 · Total expenses $374K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $506K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $624K · Total revenue $644K
97%
Government reliance
Government grants — · Total revenue $644K
—
Earned-income share
Program service revenue $0 · Total revenue $644K
0%
Investment reliance
Investment income $62K · Total revenue $644K
+10%
Program self-sufficiency
Program service revenue $0 · Total expenses $374K
0%
Growth & trend
Revenue growth (YoY)
This year $644K · Prior year $567K
+13%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $644K · Expenses $374K
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
—
Net-asset ratio
Net assets $1.6M · Total assets $1.7M
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.7M
70%
People & payroll
Highest Reported Total Compensation
Individual Guadalupe Izzo · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $374K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $36K · Total expenses $374K
10%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 12%——
Fundraising cost ratio 0%——
Revenue growth 13%——
Legal fee ratio 0.6%——
Accounting fee ratio 4%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See The Izzo Legacy executive salaries →

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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Funds food, education, and hope for underserved communities through charitable support.

Provided by the organization

This section is blank until The Izzo Legacy claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $328K of program spending, described in the organization's own filed words · FY2024.
01

The izzo legacy plans to focus its work on raising awareness and to educate the community on the direct and indirect impacts of hunger, homelessness and hopelessness throughout the community ultimately making the community aware of the opportunities available to get involved and to make a difference in the lives of those in need through…

$328Kprogram expense

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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 · FY2024
See all 6 funders →
Grants paid · 13 grants · $206K · 2021–2024
Holy Cross Services INCMI · FY2024$28,162
Eles Place INCMI · FY2024$23,126
Greater Lansing Food BankMI · FY2024$20,142
Cristo Rey Community CenterMI · FY2024$18,916
Davies ProjectMI · FY2024$18,536
The House of PromiseMI · FY2024$13,676
Endeavor House MinistriesMI · FY2024$13,306
Lansing PromiseMI · FY2024$13,211
Msu Safe SpaceMI · FY2023$7,574
Eles Place INCMI · FY2023$7,450
Cristo Rey Community CenterMI · FY2023$6,929
Greater Lansing Food BankMI · FY2021$6,220

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $644K$374K+13% 990 PDF
FY2023 $567K$75K+32% 990 PDF
FY2022 $429K$50K-21% 990 PDF
FY2021 $541K$102K×778 990 PDF
FY2020 $695$124K 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

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $373,697 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $189,946$189,946
IX-7 Other salaries and wagesPrograms $16,875 · Management $16,875$33,750
IX-10 Payroll taxesPrograms $1,291 · Management $1,291$2,582
IX-11b Legal feesManagement $2,317$2,317
IX-11c Accounting feesManagement $13,728$13,728
IX-11g Other fees for servicesManagement $8,700$8,700
IX-12 Advertising and promotionPrograms $2,685$2,685
IX-13 Office expensesPrograms $699 · Management $390$1,089
IX-14 Information technologyPrograms $1,844 · Management $615$2,459
IX-17 TravelPrograms $5$5
IX-19 Conferences, conventions and meetingsPrograms $777 · Management $777$1,554
IX-23 InsurancePrograms $729 · Management $729$1,458
IX-24 Other expenses (24a–d)Programs $112,817 · Management $607$113,424
IX-25 Total functional expensesPrograms $327,668 · Management $46,029 · Fundraising $0$373,697

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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