The Jefferson Legacy Foundation
- Assets
- $450.9k
- Revenue
- $63.1k
- Investments
- $21.0k
- Employees
- 0
- Location
- North Chittenden, VT
- Founding
- 07/1995
- Data as of
- 12/2022
- EIN
- 03-0340992
Organization Overview
The Jefferson Legacy Foundation is located in North Chittenden, VT. The organization was established in 1995. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jefferson Legacy Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Jefferson Legacy Foundation generated $63.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $59.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FINANCIAL SUPPORT TO VARIOUS JEFFERSON-FOCUSED ORGANIZATIONS. MAINTAINED A LIBRARY WHERE PEOPLE CAN READ ABOUT AND INCREASE THEIR AWARENESS OF JEFFERSON'S LIFE AND GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sydney N Stokes Jr Chairman | 40 | $0 | |
Clarence W Leeds III President | 2 | $0 | |
Brenda Laclair Vice President | 10 | $0 | |
Roberta F Somach Director | 0.25 | $0 | |
Jack Robertson Director | 0.25 | $0 | |
Name Not Listed Secretary/treasurer | 3 | $1,465 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,031 |
| Interest on Savings | $0 |
| Dividends & Interest | $320 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,287 |
| Capital Gain Net Income | $37,405 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,064 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,465 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,586 |
| Depreciation | $1,474 |
| Occupancy | $12,977 |
| Travel, conferences, and meetings | $3,247 |
| Printing and publications | $0 |
| Other expenses | $18,919 |
| Total operating and administrative expenses | $41,709 |
| Contributions, gifts, grants paid | $17,300 |
| Total expenses and disbursements | $59,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,781 |
| Savings and temporary cash investments | $790 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,165 |
| Other assets | $419,220 |
| Total assets | $450,924 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $155 |
| Total liabilities | $155 |
Grants Awarded
Over the last fiscal year, The Jefferson Legacy Foundation has awarded $17,300 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF CHARLOTTESVILLE PURPOSE: GENERAL SUPPORT | $500 |
THE CORPORATION FOR JEFFERSON'S POPLAR FOREST PURPOSE: GENERAL SUPPORT | $2,500 |
EARLY ACCESS MUSIC PROJECT PURPOSE: GENERAL SUPPORT | $1,200 |
BOYS AND GIRLS CLUB OF VIRGINIA PURPOSE: GENERAL SUPPORT | $1,000 |
PRESIDENTIAL PRECINCT PURPOSE: GENERAL SUPPORT | $3,000 |
INTERNATIONAL CENTER FOR JEFFERSON STUDIES PURPOSE: GENERAL SUPPORT | $6,500 |