Lady Legacy Scholarship Foundation
- Assets
- $448.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 63-1232812
Organization Overview
Lady Legacy Scholarship Foundation is located in Birmingham, AL. The organization was established in 1999. 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. Lady Legacy Scholarship 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, Lady Legacy Scholarship Foundation generated $74.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $77.2k during the year ending 12/2022. While expenses have increased by 6.8% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE AND EDUCATIONAL PURPOSES
Describe the Organization's Program Activity:
Part 3
GRANTED A SCHOLARSHIP TO A DESERVING STUDENT WHO IS ACTIVELY PURSUING A BACCALAUREATE DEGREE AT AN ACCREDITATED COLLEGE. ZERO PEOPLE BENEFITED FOR A TOTAL OF $0.PROVIDED GRANTS TO DESERVING FEMALE GOLF PROGRAMS IN MIDDLE SCHOOLS AND HIGH SCHOOLS IN THE BIRMINGHAM, AL AREA. A TOTAL OF 14 SCHOOLS BENEFITED FOR A TOTAL OF $9,500.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamelle Shaw Secretary | 5 | $0 | |
Mary Welden President | 5 | $0 | |
Carol Myers Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,093 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $21,539 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,542 |
| Other Revenue | $0 |
| Total Revenue | $74,174 |
| 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 | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $52,072 |
| Total expenses | $77,172 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $448,153 |
| Other assets | $0 |
| Total assets | $448,153 |
| Total liabilities | $30,000 |
| Net assets or fund balances | $418,153 |