The Ivy Legacy Foundation
- Assets
- $258.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 23-2831377
Organization Overview
The Ivy Legacy Foundation is located in Philadelphia, PA. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Ivy 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, Ivy Legacy Foundation generated $94.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $86.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Celeste R Merriweather Chairman | 6 | $0 | |
Robyn Jones Vice President Development | 10 | $0 | |
Sabrina Brooks President | 10 | $0 | |
Angela H Medley Vice President Programs | 10 | $0 | |
Daaiyah White Operating Treasurer | 15 | $0 | |
Nicole Ruffin Price Secretary | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,269 |
| Total Program Service Revenue | $1,950 |
| Membership dues | $9,646 |
| Investment income | $440 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $46,887 |
| Other Revenue | $0 |
| Total Revenue | $94,192 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $8,081 |
| Printing, publications, postage, and shipping | $216 |
| Other expenses | $78,502 |
| Total expenses | $86,799 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $258,343 |
| Other assets | $0 |
| Total assets | $258,343 |
| Total liabilities | $0 |
| Net assets or fund balances | $258,343 |