Lucys Legacy Foundation Inc
- Assets
- $2.7m
- Revenue
- $136.5k
- Investments
- $2.6m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 02/1943
- Data as of
- 03/2023
- EIN
- 04-2105865
Organization Overview
Lucys Legacy Foundation Inc is located in Boston, MA. The organization was established in 1943. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucys Legacy Foundation Inc 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 03/2023, Lucys Legacy Foundation Inc generated $136.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $181.7k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Lucys Legacy Foundation Inc has awarded 15 individual grants totaling $253,794. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EXPLORE, RESEARCH, DEVELOP AND SUPPORT EDUCATIONAL ENDEAVORS, INCLUDING, WITHOUT LIMITATION, TO SUPPORT THE STUDENTS AND ALUMNI OF WHEELOCK COLLEGE, PRIMARILY THROUGH GRANTS AND SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIP FUNDS FOR BOSTON UNIVERSITY TO AWARD TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyla Mcsweeney President | 2 | $0 | |
Bonnie Page Treasurer | 2 | $0 | |
Carol Sullivan Hanley Clerk | 2 | $0 | |
Rachel Basdekis Director | 2 | $0 | |
Heidi Fanion Director | 2 | $0 | |
Shannon Fairley-Pittman Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $70,634 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,895 |
| Capital Gain Net Income | $65,895 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $136,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,242 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $537 |
| Total operating and administrative expenses | $52,022 |
| Contributions, gifts, grants paid | $129,644 |
| Total expenses and disbursements | $181,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,395 |
| 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 | $102,170 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,972 |
| Total assets | $2,661,999 |
| Accounts payable and accrued expenses | $6,696 |
| 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 | $0 |
| Total liabilities | $6,696 |
Grants Awarded
Over the last fiscal year, Lucys Legacy Foundation Inc has awarded $129,644 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON UNIVERSITY PURPOSE: SCHOLARSHIPS FOR BU WHEELOCK SCHOOL | $113,500 |
MOHAWK TRAIL REGIONAL SCHOOL DISTRICT PURPOSE: GRANT-BIKE REPAIR SHOP TO STAY IN SCHOOL | $913 |
WILLIE ROSS SCHOOL FOR THE DEAF PURPOSE: GRANT-WRSD ASL LAB | $3,036 |
KIMBERLY LUNDQUIST PURPOSE: GRANT-FOR THE LOVE OF LEARNING | $2,500 |
KATHRYN BAUER PURPOSE: GRANT-LEARNING IN THE RAIN | $3,500 |
BRITTANY A FARR PURPOSE: GRANT-LEARNING ENGLISH GRAMMATICAL CATEGORIES THROUGH AMERICAN SIGN LANGUAGE | $3,495 |