Legacy Foundation Of Tompkins County
- Assets
- $3.7m
- Revenue
- $318.6k
- Investments
- $3.6m
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 05/1961
- Data as of
- 12/2021
- EIN
- 15-6018481
Organization Overview
Legacy Foundation Of Tompkins County is located in Ithaca, NY. The organization was established in 1961. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Legacy Foundation Of Tompkins County 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 12/2021, Legacy Foundation Of Tompkins County generated $318.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $349.2k during the year ending 12/2021. While expenses have increased by 10.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Legacy Foundation Of Tompkins County has awarded 155 individual grants totaling $962,771. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory J Hartz President (part Year) | 1 | $0 | |
Peter Grossman Secretary/treasurer | 1 | $0 | |
Peter Salmon Director | 1 | $0 | |
Gregory Galvin Director | 1 | $0 | |
Mary Opperman Vice President/president | 1 | $0 | |
Thomas Livigne Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $76,613 |
| Interest on Savings | $0 |
| Dividends & Interest | $75,876 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $166,115 |
| Capital Gain Net Income | $166,115 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $318,604 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,935 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,531 |
| Total operating and administrative expenses | $111,610 |
| Contributions, gifts, grants paid | $237,560 |
| Total expenses and disbursements | $349,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $160,599 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $3,731,343 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Legacy Foundation Of Tompkins County has awarded $237,560 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
Ithaca, NY PURPOSE: AWARDS, CONTRIBUTIONS & OPERATIONS | $19,000 |
FOODNET MEALS ON WHEELS PURPOSE: AWARDS, CONTRIBUTIONS & OPERATIONS | $17,524 |
Ithaca, NY PURPOSE: AWARDS, CONTRIBUTIONS & OPERATIONS | $16,500 |
SCIENCENTER OF ITHACA PURPOSE: AWARDS, CONTRIBUTIONS & OPERATIONS | $12,000 |
CHALLENGE WORKFORCE SOLUTIONS PURPOSE: AWARDS, CONTRIBUTIONS & OPERATIONS | $10,000 |
Ithaca, NY PURPOSE: AWARDS, CONTRIBUTIONS & OPERATIONS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Public Schools Inc New York, NY | $69,123,846 | $27,701,638 |
National Collegiate Inventors & Innovators Alliance Hadley, MA | $19,763,432 | $45,805,073 |
Ernst & Young Foundation New York, NY | $39,971,970 | $27,635,064 |
Kipp New York Inc New York, NY | $134,718,837 | $36,118,873 |
Nellie Mae Education Foundation Inc Quincy, MA | $585,493,964 | $94,584,276 |
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |