Legacy Solutions Foundation
- Assets
- $87.1k
- Revenue
- -$4.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Southern Pines, NC
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-2419941
Organization Overview
Legacy Solutions Foundation is located in Southern Pines, NC. The organization was established in 2019. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Solutions Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SEEKS TO PROMOTE DONORS TO DONATE REAL ESTATE AND OBTAIN A CHARITABLE TAX DEDUCTION. THE ORGANIZATION THEN SELLS THE PROPERTY AND USES THE PROCEEDS TO ACCOMPLISH THE EXEMPT PURPOSE, WHICH IS THE SUPPORT OF LOCAL 501(C)(3) ORGANIZATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,736 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$4,736 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,297 |
| Depreciation | $365 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,474 |
| Total operating and administrative expenses | $19,897 |
| Contributions, gifts, grants paid | $1,050 |
| Total expenses and disbursements | $20,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,326 |
| Savings and temporary cash investments | $0 |
| 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 | $728 |
| Other assets | $0 |
| Total assets | $87,054 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $13,994 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,994 |
Grants Awarded
Over the last fiscal year, Legacy Solutions Foundation has awarded $1,050 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Morrisville, NC PURPOSE: TO SUPPORT LOCAL PUBLIC CHARITIES | $500 |
Southern Pines, NC PURPOSE: TO SUPPORT LOCAL PUBLIC CHARITIES | $50 |
WEYMOUTH CENTER OF ARTS & HUMANITY PURPOSE: TO SUPPORT LOCAL PUBLIC CHARITIES | $50 |
TAMBRA PLACE PURPOSE: TO SUPPORT LOCAL PUBLIC CHARITIES | $50 |
Pinehurst, NC PURPOSE: TO SUPPORT LOCAL PUBLIC CHARITIES | $50 |
MOORE COUNTY FAMILY CENTER PURPOSE: TO SUPPORT LOCAL PUBLIC CHARITIES | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodbine Community Organization Wco Inc Nashville, TN | $99,872,484 | $15,160,345 |
National Association Of Professional Employer Organization Alexandria, VA | $9,490,281 | $8,665,299 |
Virginia Beach Community Development Corporation Virginia Beach, VA | $35,346,329 | $7,614,457 |
Community Revitalization And Reservation Corporation Raleigh, NC | $42,174,048 | $6,127,827 |
Clinch Valley Community Action Inc North Tazewell, VA | $3,516,619 | $7,158,606 |
Northwest Tennessee Development Martin, TN | $5,677,713 | $7,068,049 |
New River Community Action Inc Radford, VA | $2,771,237 | $7,058,582 |
Oasis Center Inc Nashville, TN | $8,797,706 | $7,228,064 |
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Macon Program For Progress Inc Franklin, NC | $4,140,182 | $6,952,364 |
Orpheum Theatre Group Memphis, TN | $37,801,412 | $4,089,220 |
Lowcountry Community Action Agency 807 Hampton Walterboro, SC | $2,100,801 | $6,798,498 |