Legacy Collective FY2023 filing

Austin, TXUnknown exempt organizationEIN 87-1730864Revenue $1.2M in FY2023

On file with the IRSlegacycollective.org3755 S Capital of Texas Hwy · Austin, TX

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Legacy Collective works to solve systemic issues by funding the most sustainable, innovative efforts through partnerships with nonprofit organizations locally and globally.

80¢ of each $1 spent went to programs.
$148K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
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 3
filings with a surplus
Average deficit $39K a year · 4% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$148K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $520K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$21K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-11% vs prior year
Spent
$1.4M
To programs
80%
Net assets
$167K
By yearFY2022–FY2024
Revenue
$1.2M
FY2023▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2022$1.4M
FY2023$1.2M
FY2024$663K
Expenses
$1.4M
FY2023▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2022$1.2M
FY2023$1.4M
FY2024$831K
Net assets
$167K
FY2023▼ -48%
Tap a bar for its year
Net assets by fiscal year
FY2022$319K
FY2023$167K
FY2024$0

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.1M Management & general 14% · $193K Fundraising 6% · $81K

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

11 people listed on the 990; $148K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$132,150Pt VII · Sec A
Co-Founder/Chief Outreach Officer
$15,894Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Erin Arnheim$88,054$132,150$113,600
Jennifer Hatmaker—$15,894$15,487

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.

See Legacy Collective 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 15aYes

Programs and updates

Funds sustainable, innovative efforts to solve systemic issues through partnerships.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2023
01

The organization's community is made up of individual donors who combine their funds in giving circles. Each giving circle combines their monthly donations to make a bigger impact by voting on and giving grants to thoroughly vetted nonprofits.

$1.1Mprogram expense

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
Pure INCFY2024$489K
Total grants receivedfrom 3 funders$520K
See all 3 funders →
Grants paid · 78 grants · $1.5M · 2022–2024
Cafe MomentumTX · FY2024$28,758
Help One NowNC · FY2024$27,736
The Trevor Project INCCA · FY2024$24,373
Halle ProjectCA · FY2024$18,304
Los Angeles Lgbt CenterCA · FY2024$18,000
KeshetIL · FY2024$18,000
Artists Athletes ActivistsNY · FY2024$15,938
Root Capital INCMA · FY2024$15,000
The Miracle Foundation INCTX · FY2024$15,000
Every MealMN · FY2024$15,000
The Liam FoundationIL · FY2024$14,250
Stand with TransFY2024$14,250
Free Mom Hugs INCOK · FY2024$14,250
The Real Mama BearsOK · FY2024$13,395
Peer Support Space INCFL · FY2024$10,000
See all 78 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$11K
Investment incomeLn 3$836
Money outPt IX
$1.4M
Ln 25
Programscol B$1.1M
Managementcol C$193K
Fundraisingcol D$81K
Owns and owesPt X
$167K
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$188K
LiabilitiesLn 26$21K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Noncash giftsLn 1g$23K
Investment incomeLn 3$836
Other incomeLn 4–11$11K
Gains on assetsLn 7$836
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$78K
Cash and savings togetherLn 1–2$78K
InvestmentsLn 11–13$21K
Total assetsLn 16$188K
LiabilitiesLn 26$21K
Net assetsLn 32$167K
OperationsPt I, VI
EmployeesI 56
VolunteersI 627
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$222K$78K
InvestmentsLn 11–13$10K$21K
Total assetsLn 16$320K$188K
LiabilitiesLn 26$1K$21K
Net assetsLn 32$319K$167K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$602K$602K
Pay of current officers, directors and key staffLn 5$180K$152K$18K$10K
Other salaries and wagesLn 7$173K$146K$18K$10K
Pension plan contributionsLn 8$4K$4K$449$246
Other employee benefitsLn 9$6K$5K$616$338
Payroll taxesLn 10$24K$20K$2K$1K
Legal feesLn 11b$15K$2K$13K$0
Accounting feesLn 11c$31K$4K$27K$0
Other fees for servicesLn 11g$19K$3K$17K$0
Advertising and promotionLn 12$10K$10K$0$0
Office expensesLn 13$73K$10K$4K$59K
Information technologyLn 14$103K$14K$89K$0
OccupancyLn 16$7K$6K$670$368
TravelLn 17$27K$27K$0$0
Conferences, conventions and meetingsLn 19$77K$75K$2K$0
InsuranceLn 23$4K$2K$2K$202
Total functional expensesLn 25$1.4M$1.1M$193K$81K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $663K$831K−$168K$0 990 PDF
FY2023 Viewing $1.2M$1.4M−$152K$167K 990 PDF
FY2022 $1.4M$1.2M$203K$319K 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 $1,204,045 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,350,867$1,192,141
I-9 Program service revenue$0
I-10 Investment income$836
I-11 Other revenuePrior year $8,500$11,068
I-12 Total revenuePrior year $1,359,367$1,204,045
I-13 Grants and similar amounts paidPrior year $550,973$602,330
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $304,896$387,983
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $300,484$365,456
I-18 Total expensesPrior year $1,156,353$1,355,769
I-19 Revenue less expensesPrior year $203,014−$151,724
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,204,045 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,192,141
VIII-1g Noncash contributions (included above)$23,007
VIII-1h Total contributions, gifts and grants$1,192,141
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $836$836
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $10,568$10,568
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $500$500
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $11,904$1,204,045
Part IX · Statement of functional expenses $1,355,769 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $602,330$602,330
IX-5 Pay of current officers, directors and key staffPrograms $151,863 · Management $18,198 · Fundraising $9,988$180,049
IX-7 Other salaries and wagesPrograms $146,239 · Management $17,524 · Fundraising $9,618$173,381
IX-8 Pension plan contributionsPrograms $3,747 · Management $449 · Fundraising $246$4,442
IX-9 Other employee benefitsPrograms $5,142 · Management $616 · Fundraising $338$6,096
IX-10 Payroll taxesPrograms $20,256 · Management $2,427 · Fundraising $1,332$24,015
IX-11b Legal feesPrograms $2,104 · Management $12,774 · Fundraising $0$14,878
IX-11c Accounting feesPrograms $4,374 · Management $26,553 · Fundraising $0$30,927
IX-11g Other fees for servicesPrograms $2,734 · Management $16,595 · Fundraising $0$19,329
IX-12 Advertising and promotionPrograms $10,223 · Management $0 · Fundraising $0$10,223
IX-13 Office expensesPrograms $9,574 · Management $4,469 · Fundraising $58,777$72,820
IX-14 Information technologyPrograms $13,980 · Management $88,828 · Fundraising $0$102,808
IX-16 OccupancyPrograms $5,591 · Management $670 · Fundraising $368$6,629
IX-17 TravelPrograms $27,218 · Management $0 · Fundraising $0$27,218
IX-19 Conferences, conventions and meetingsPrograms $74,674 · Management $2,170 · Fundraising $0$76,844
IX-23 InsurancePrograms $1,819 · Management $1,759 · Fundraising $202$3,780
IX-25 Total functional expensesPrograms $1,081,868 · Management $193,032 · Fundraising $80,869$1,355,769
Part X · Balance sheet $187,888 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $222,496$77,848
X-3 Pledges and grants receivableStart of year $84,355$76,704
X-9 Prepaid expenses and deferred chargesStart of year $3,548$12,500
X-11 Publicly traded securitiesStart of year $10,000$20,836
X-16 Total assetsStart of year $320,399$187,888
X-17 Accounts payable and accrued expensesStart of year $1,446$20,659
X-26 Total liabilitiesStart of year $1,446$20,659
X-27 Net assets without donor restrictionsStart of year $16,399$89,383
X-28 Net assets with donor restrictionsStart of year $302,554$77,846
X-32 Total net assets or fund balancesStart of year $318,953$167,229
X-33 Total liabilities and net assetsStart of year $320,399$187,888
Part XI · Reconciliation of net assets $167,229 net assets at year end
XI-1 Total revenue$1,204,045
XI-2 Total expenses$1,355,769
XI-3 Revenue less expenses−$151,724
XI-4 Net assets at start of year$318,953
XI-10 Net assets at end of year$167,229

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

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