Legacy Of Joy Inc
- Assets
- $94.7k
- Revenue
- $13.4k
- Investments
- $34.0k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 11/2008
- Data as of
- 12/2022
- EIN
- 26-1635369
Organization Overview
Legacy Of Joy Inc is located in Raleigh, NC. The organization was established in 2008. 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. Legacy Of Joy 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 12/2022, Legacy Of Joy Inc generated $13.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 72.2% each year . All expenses for the organization totaled $24.8k during the year ending 12/2022. While expenses have increased by 33.2% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Dorroh President | 20 | $9,000 | |
Ashley Dorroh Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,362 |
| Interest on Savings | $126 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,948 |
| Total Revenue | $13,436 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $33 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,033 |
| Contributions, gifts, grants paid | $15,748 |
| Total expenses and disbursements | $24,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,112 |
| Savings and temporary cash investments | $58,821 |
| 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 | $33,996 |
| Net Land, buildings, and equipment | $725 |
| Other assets | $0 |
| Total assets | $94,654 |
| 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 |