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Legacy Preservation Enterprise

Tax-deductible

Franklin, TN501(c)(3)Arts & CultureEIN 85-1913677Revenue $162K in FY2024

On file with the IRS2570 Snowbird Hollow Rd, 37064-1204 · Franklin, TNTax-exempt since Apr 2021Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose and mission of Legacy Preservation Enterprise is to provide for the restoration,Preservation, and maintenance of historical artifacts, buildings, and structures in southeastern missouri; to provide for the Preservation and maintenance of the history of southeastern missouri; and to provide for the development, Preservation, and maintenance of gardens, nature preserves, and/or conservancies or conservatories.

501(c)(3) charity; gifts are tax-deductible.
97¢ 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 4
filings with a surplus
Average surplus $202K a year · 89% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
63 mo
of spending, in cash
Looks good: 62.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$162K
+30% vs prior year
Spent
$73K
To programs
97%
Net assets
$935K
By yearFY2021–FY2024
Revenue
$162K
FY2024▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2021$417K
FY2022$202K
FY2023$124K
FY2024$162K
Expenses
$73K
FY2024▲ +418%
Tap a bar for its year
Expenses by fiscal year
FY2021$6K
FY2022$6K
FY2023$14K
FY2024$73K
Net assets
$935K
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2021$540K
FY2022$736K
FY2023$846K
FY2024$935K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2021.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $70K Management & general 3% · $2K

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.

Part VII, Section A · reportable compensation
John W Ford
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Eric Venable
Director
$0Pt VII · Sec A
Bob Schooley
Director
$0Pt VII · Sec A
Stephen Ford
President
$0Pt VII · Sec A
Emily Ford
Treasurer
$0Pt VII · Sec A
See Legacy Preservation Enterprise 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Restores and preserves historical sites, buildings, and natural areas in southeastern Missouri.

Provided by the organization

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1 program · $70K · in their own filed words · FY2024
01

Restoration of frizel-welling house toward goal of opening museum; completed most foundation restoration work, rebuilding of fireplaces, replacement of oak sill beams, preservation of artifacts.

$70Kprogram 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 · FY2023
Fidelity Investments Charitable Gift FundFY2023$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$162K
Ln 12
Gifts and grantsLn 1h$154K
Investment incomeLn 3$8K
Money outPt IX
$73K
Ln 25
Programscol B$70K
Managementcol C$2K
Owns and owesPt X
$935K
net assets · Ln 32
Cash and savingsLn 1–2$379K
Total assetsLn 16$935K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$154K
Investment incomeLn 3$8K
Total revenueLn 12$162K
Assets in detailPt X, end of year
CashLn 1$379K
Cash and savings togetherLn 1–2$379K
Land, buildings, equipmentLn 10c$556K
Total assetsLn 16$935K
LiabilitiesLn 26$0
Net assetsLn 32$935K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$310K$379K
Land, buildings, equipmentLn 10c$536K$556K
Total assetsLn 16$846K$935K
LiabilitiesLn 26$0$0
Net assetsLn 32$846K$935K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$64K$64K
Total functional expensesLn 25$73K$70K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $162K$73K$89K$935K 990 PDF
FY2023 $124K$14K$110K$846K 990 PDF
FY2022 $202K$6K$196K$736K 990 PDF
FY2021 $417K$6K$411K$540K 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 $161,648 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $117,120$153,796
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $6,782$7,852
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $123,902$161,648
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,033$72,678
I-18 Total expensesPrior year $14,033$72,678
I-19 Revenue less expensesPrior year $109,869$88,970
Part VI · Governance 6 of 6 board members independent, 5 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $161,648 across 4 lines filed
VIII-1f All other contributions, gifts and grants$153,796
VIII-1h Total contributions, gifts and grants$153,796
VIII-3 Investment incomeExcluded from tax $7,852$7,852
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $7,852$161,648
Part IX · Statement of functional expenses $72,678 across 4 lines filed
IX-11c Accounting feesManagement $2,180$2,180
IX-22 Depreciation, depletion and amortizationPrograms $4,191$4,191
IX-23 InsurancePrograms $2,435$2,435
IX-24 Other expenses (24a–d)Programs $63,872$63,872
IX-25 Total functional expensesPrograms $70,498 · Management $2,180 · Fundraising $0$72,678
Part X · Balance sheet $935,161 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $310,104$379,450
X-10c Land, buildings and equipment, netStart of year $536,087$555,711
X-16 Total assetsStart of year $846,191$935,161
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $846,191$935,161
X-32 Total net assets or fund balancesStart of year $846,191$935,161
X-33 Total liabilities and net assetsStart of year $846,191$935,161
Part XI · Reconciliation of net assets $935,161 net assets at year end
XI-1 Total revenue$161,648
XI-2 Total expenses$72,678
XI-3 Revenue less expenses$88,970
XI-4 Net assets at start of year$846,191
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$935,161

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

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