Overview
What is The Legacy Fund?
The Legacy Fund is a nonprofit organization, established under the Non-Profit Public Benefit Corporation Law of California, with the primary goal of benefiting the Orange County School of the Arts (OCSA) and its affiliated foundation. Situated in Santa Ana, California, this entity's main function is to develop and manage facilities for the betterment of OCSA. By supporting both OCSA and its foundation, The Legacy Fund contributes to the overall growth and development of these educational institutions.
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 79% (Three-Star out of Four Stars)**
The Legacy Fund has received a Three-Star rating from Charity Navigator, reflecting a solid performance primarily in the Accountability & Finance category. The organization demonstrates a commitment to financial oversight with a high Program Expense Ratio of 94.46%, indicating effective allocation of funds towards its programs. Additionally, it boasts an independent board with 66% of its members being independent, contributing to its governance efforts.
While The Legacy Fund shows strengths in many areas, some limitations have been noted. The organization has been marked down for not having its website listed on its tax forms, as well as for not posting its tax forms on its website, which impacted its transparency score. Furthermore, the organization has not been evaluated for its impact, culture, or leadership adaptability, indicating areas where more information could enhance understanding of its overall effectiveness.
Not Available.
This AI summary has been generated from information found on Charity Navigator.
Is The Legacy Fund legitimate?
The Legacy Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Legacy Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Legacy Fund?
The Legacy Fund is established with the purpose of benefitting the Orange County School of the Arts (OCSA) and the OCSA Foundation. Its mission is to support these two entities by holding and developing facilities for OCSA's benefit. The Legacy Fund aims to contribute positively to the educational and artistic growth of students at OCSA. By assisting OCSA and its foundation, the fund aims to foster an environment that nurtures artistic talent and provides opportunities for personal development.
Who is the CEO of The Legacy Fund?
Steve Wagner is the Cfo 2/19/21 - Present of The Legacy Fund. The CEO's salary of The Legacy Fund is $0 and their total compensation is $367,596.
What is the revenue of The Legacy Fund?
The Legacy Fund's revenue in 2022 was $7,753,977.
Who are the executives of The Legacy Fund and what are their salaries?
There 3 volunteers at The Legacy Fund.
Here are 4 key members and their salaries (The Legacy Fund's CEO's salary is $0 and their total compensation is $367,596):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $314,329
- Other: $53,267
Where can I find the form 990 for The Legacy Fund?
The Legacy Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Legacy Fund
The Legacy Fund, as a nonprofit public benefit corporation, is established with a mission to support the Orange County School of the Arts (OCSA) and its foundation. This organization's primary objective is to enhance the facilities that cater to OCSA and its associated foundation, aiming to contribute positively to their operations and growth. The Legacy Fund serves as a platform for developing and maintaining facilities that benefit both the school and its foundation, thereby contributing to their overall success and mission.
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Impact
July, 2024
The Legacy Fund's impact is significant in supporting the Orange County School of the Arts (OCSA) and the OCSA Foundation. By providing facilities and resources for OCSA, the Fund plays a crucial role in enhancing the educational experiences of students in the arts. This support directly contributes to the development and success of young artists, helping them pursue their passions and achieve their full potential. Through its mission to benefit OCSA, the Legacy Fund plays a vital role in nurturing the next generation of talented individuals in the field of arts and providing them with the necessary tools to thrive.
This information is meant to be a general summary of The Legacy Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $78,752
- Program Service Revenue: $4,836,000
- Gross Receipts: $7,753,977
Assets and Liabilities:
- Total Assets: $64,732,698
- Total Liabilities: $38,514,524
- Net Assets: $26,218,174
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$4,836,000
Organization Details
Founding Year
2004
Phone
(714) 560-0900Principal Officer
Steve Wagner
Main Address
1010 N MAIN STREET, SANTA ANA, CA, 92701
NTEE Category
Code: B112 - Education
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