Legacy Philanthropy Works
- Assets
- $753.0k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 17
- Location
- Santa Barbara, CA
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 47-2584632
Organization Overview
Legacy Philanthropy Works is located in Santa Barbara, CA. The organization was established in 2015. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2022, Legacy Philanthropy Works employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Philanthropy Works 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 Philanthropy Works generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 20.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HELP COMMUNITIES ENVISION THEIR DESIRED FUTURE AND FIGURE OUT HOW TO GET THERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY IMPACT ACCELERATOR - OUR CORE SERVICE ACCELERATES AND AMPLIFIES COMMUNITY EFFORTS TO HAVE TRANSFORMATIVE IMPACT AND CREATE THRIVING COMMUNITIES. WE DO THIS BY IDENTIFYING HIGH IMPACT OPPORTUNITIES THROUGH A COMMUNITY ENGAGEMENT PROCESS, LAUNCHING A CATALYTIC COLLABORATIVE PROJECT, INVESTING IN FOLLOW ON COLLABORATIONS THAT EMERGE, MOBILIZING THE FULL RANGE OF CAPITAL ACROSS THESE INITIATIVES, AND STEWARDING THIS PROCESS TOWARDS A VIRTUOUS CYCLE THAT LEADS TO GREATER AND GREATER COLLABORATION AND INVESTMENT IN SYSTEMS SCALE CHANGE.
STRATEGIC IMPACT PLANNING - WE IDENTIFY AND DEVELOP ACTIONABLE IMPLEMENTATION PLANS FOR IMPACTFUL PROJECTS AT A WIDE RANGE OF SCALES FROM SINGLE PROJECTS (INCLUDING CONSERVATION PLANNING, CONSERVATION TRANSACTIONS, NEW PROGRAMS, AND SOCIAL VENTURES) TO FOUNDATION AND NONPROFIT IMPACT STRATEGIES TO LARGE SCALE COLLABORATIVE INITIATIVES (INCLUDING MULTI-PARTY, CROSS-SECTOR COLLABORATIONS TO CREATE GREENBELTS, LAUNCH NEW ENVIRONMENTAL MARKETS, CREATE NEW ECONOMIC DEVELOPMENT MODELS, ETC.) FOR FUNDERS, NONPROFIT ORGANIZATIONS, COLLABORATIONS AND COMMUNITIES. OUR PLANS INCLUDE FUNDING STRATEGIES THAT TAP INTO A RANGE OF CAPITAL SOURCES FROM PHILANTHROPY TO DEBT TO IMPACT INVESTMENT CAPITAL.
CAPACITY SUPPORT, CONSULTING SERVICES, FACILITATION - WE PROVIDE ALIGNED ORGANIZATIONS WITH ADDITIONAL CAPACITY AND EXPERTISE NEEDED TO TAKE ON NEW PROJECTS, COMMUNICATION AND MARKETING PROGRAMS, FUNDRAISING CAMPAIGNS, GIS AND MAPPING, DATABASE DEVELOPMENT OR TECHNOLOGY SOLUTIONS, AND A VARIETY OF OTHER EFFORTS THAT THEY CAN'T ACHIEVE ON THEIR OWN. WE FACILITATE RETREATS, PLANNING SESSIONS, LEADERSHIP DEVELOPMENT PROGRAMS, COMMUNICATIONS AND CULTURE WORKSHOPS, AND OTHER PERSONAL AND PROFESSIONAL DEVELOPMENT. THESE SMALLER SCALE ENGAGEMENTS OFTEN BUILD RELATIONSHIPS THAT LEAD TO BIGGER PROJECT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Wachob Board Chair | OfficerTrustee | 20 | $26,476 |
Shelley Ratay Treasurer | OfficerTrustee | 2 | $0 |
Stephanie Gripne Secretary | OfficerTrustee | 2 | $0 |
G Michael Sutton Director | Trustee | 2 | $0 |
Amy Verbeten Director | Trustee | 2 | $0 |
David Leventhal Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $799,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $804,427 |
| Total Program Service Revenue | $924,449 |
| Investment income | $298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,730,473 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $146,476 |
| Compensation of current officers, directors, key employees. | $16,113 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $567,036 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,482 |
| Payroll taxes | $53,924 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,281 |
| Fees for services: Accounting | $10,713 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $485,497 |
| Advertising and promotion | $2,776 |
| Office expenses | $65,556 |
| Information technology | $18,017 |
| Royalties | $0 |
| Occupancy | $39,837 |
| Travel | $132,641 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,954 |
| Interest | $3,982 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,115 |
| All other expenses | $0 |
| Total functional expenses | $1,587,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,952 |
| Savings and temporary cash investments | $509,487 |
| Pledges and grants receivable | $11,561 |
| Accounts receivable, net | $142,441 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,574 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $753,015 |
| Accounts payable and accrued expenses | $54,995 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $54,995 |
| Net assets without donor restrictions | $698,020 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $753,015 |