Floyd County Legacy Foundation
- Assets
- $34.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New Albany, IN
- Founding
- Data as of
- 12/2021
- EIN
- 83-3564985
Organization Overview
Floyd County Legacy Foundation is located in New Albany, IN. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Floyd County 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 12/2021, Floyd County Legacy Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (48.6%) each year. All expenses for the organization totaled $376.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Floyd County Legacy Foundation has awarded 13 individual grants totaling $611,711. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ENDOWED FUNDS AS A RESOURCE TO HELP MEET COMMUNITY NEEDS AND PROVIDE FOR THOSE CHANGING NEEDS FOR THE FUTURE GENERATIONS BY ENCOURAGING PHILANTHROPIC LEADERSHIP AND FLEXIBLE CHARITABLE OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ENDOWED FUNDS AS A RESOURCE TO HELP MEET COMMUNITY NEEDS TODAY AND PROVIDE FOR THOSE CHANGING NEEDS FOR THE FUTURE GENERATIONS BY ENCOURAGING PHILANTHROPIC LEADERSHIP AND FLEXIBLE CHARITABLE OPPORTUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Kramer Secretary | OfficerTrustee | 5 | $0 |
Steve Burks Chairman | OfficerTrustee | 5 | $0 |
Ray Chinn Treasurer | OfficerTrustee | 5 | $0 |
Bill White Trustee | Trustee | 5 | $0 |
Adam Roberts Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $533,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $566,769 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,100,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $297,796 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,750 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,677 |
| Fees for services: Other | $150 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,754 |
| Total functional expenses | $376,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $262,645 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $33,829,741 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,092,386 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $34,092,386 |
| 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 | $34,092,386 |
Grants Awarded
Over the last fiscal year, Floyd County Legacy Foundation has awarded $297,796 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FLOYD COUNTY PARKS AND RECREATION PURPOSE: SUPPORT | $115,000 |
New Albany, IN PURPOSE: SUPPORT | $53,621 |
New Albany, IN PURPOSE: SUPPORT | $38,175 |
New Albany, IN PURPOSE: SUPPORT | $30,000 |
Louisville, KY PURPOSE: SUPPORT | $25,000 |
Georgetown, IN PURPOSE: SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Givenkind Gurnee, IL | $615,536 | $8,322,784 |
Lucy Burns Institute Inc Middleton, WI | $4,314,081 | $6,584,157 |
Journey To New Life Inc Kansas City, MO | $2,130,182 | $5,937,979 |
Field Ready Inc Evanston, IL | $891,610 | $3,039,732 |
Institute For Public Affairs Chicago, IL | $2,903,141 | $2,770,410 |
American Business Immigration Coalition Chicago, IL | $1,502,573 | $3,641,929 |
Khalil Foundation Lombard, IL | $587,760 | $2,305,215 |
Monroe County United Ministries Inc Bloomington, IN | $2,769,488 | $2,039,215 |
Circuit Clerks Trust For Life Inc Louisville, KY | $1,495,944 | $1,535,006 |
Linda Hall Library Foundation Kansas City, MO | $2,032,443 | $752,725 |
My Well Hoffman Estates, IL | $478,403 | $1,415,827 |
Unify America Evanston, IL | $46,320,236 | $44,875,273 |