Legacy Heritage Fund Limited
- Assets
- $22.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 13-4077801
Organization Overview
Legacy Heritage Fund Limited is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Legacy Heritage Fund Limited 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, Legacy Heritage Fund Limited generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
LEGACY HERITAGE PROGRAMMING LLC
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B Gloznek Assistant Secretary | 0 | $0 | |
W Stern Director | 0 | $0 | |
R Kanner Director | 0 | $0 | |
S Wexner Pres,secy,treas,dir | 0 | $0 | |
G Levy Director | 0 | $0 | |
R Agus Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Homeland Professional | 12/30/22 | $194,627 |
Yeul Sachir Ltd | 12/30/22 | $91,103 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,073 |
| Dividends & Interest | $448,678 |
| Net Rental Income | -$89,036 |
| Net Gain on Sale of Assets | $434,684 |
| Capital Gain Net Income | $434,684 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,956 |
| Total Revenue | $1,007,822 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,020,277 |
| Pension plans, employee benefits | $72,841 |
| Interest | $11,547 |
| Taxes | $140,411 |
| Depreciation | $104,358 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,089 |
| Printing and publications | $2,982 |
| Other expenses | $387,513 |
| Total operating and administrative expenses | $2,397,456 |
| Contributions, gifts, grants paid | $451,181 |
| Total expenses and disbursements | $2,848,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,317,356 |
| 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 | $2,561,192 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,575,636 |
| Other assets | $13,781,818 |
| Total assets | $22,236,002 |
| Accounts payable and accrued expenses | $96,706 |
| 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 | $96,706 |
Grants Awarded
Over the last fiscal year, Legacy Heritage Fund Limited has awarded $451,181 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LEGACY HERITAGE PROGRAMMING LLC PURPOSE: LEGACY HERITAGE PROGRAMMING LLC (LHPL) IS A WHOLLY OWNED SUBSIDIARY OF LEGACY HERITAGE FUND LIMITED (LHFL). LHPL PROVIDED OPERATIONAL AND ADMINISTRATIVE SERVICES FOR CHARITABLE, EDUCATIONAL AND RELIGIOUS PROGRAMMING SUPPORTED BY LHFL. | $450,864 |
LEGACY HERITAGE INVESTORS I LLC PURPOSE: FROM PASSTHROUGH | $317 |