Overview
What is Legacy Institute For Finacial Education?
The Legacy Institute for Financial Education is a nonprofit organization situated in Lufkin, Texas. Their primary focus is to promote financial literacy by offering workshops and individualized coaching. The curriculum covers various topics such as money management, budgeting, saving, credit improvement, homeownership, and investments. Their mission is to foster economic stability and generate wealth across generations by educating individuals on financial matters. The institution employs a team of 11 dedicated individuals.
Official website here: www.legacy-institute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Score: 68%, Two-Star out of Four Star rating)
The Legacy Institute for Financial Education has received a rating indicating that it needs improvement, with a score of 68%. This suggests that while the organization has some strengths, there are significant areas that require attention, particularly in accountability and financial management. Notably, the organization has a strong Culture and Community score of 89, indicating a positive impact in this area.
One of the notable strengths of the Legacy Institute is its commitment to governance, as evidenced by having 100% independent board members and comprehensive policies in place, including conflict of interest and whistleblower policies. Additionally, the organization has demonstrated a robust program expense ratio of 77.27%, suggesting a focus on utilizing funds effectively towards its mission.
However, the organization faces challenges related to its liabilities to assets ratio, which scored poorly at 90.80%. This could indicate potential financial instability, which is a critical concern for stakeholders. Overall, while the Legacy Institute shows promise in governance and community engagement, it must improve financial health and transparency to enhance its overall rating.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Legacy Institute For Finacial Education?
100% of 5 reviewers on Facebook recommend the Legacy Institute For Financial Education. Here is a summary of their reviews:
Participants express great enthusiasm for the financial education classes offered, highlighting the quality of instruction provided by Mr. Joe Ceasar. Many reviewers note the positive impact of his mentorship, alongside supportive contributions from his wife, Allanah Ceasar, which enhances the learning experience.
Overall, the sentiment is extremely positive, with individuals feeling motivated and eager to continue their education after the initial phase of classes. These reviews suggest that the nonprofit effectively delivers valuable financial education and support to its participants.
This AI summary has been generated from reviews found on Facebook.
Is Legacy Institute For Finacial Education legitimate?
Legacy Institute For Finacial Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Institute For Finacial Education 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: $521,764
For more financial information, click here
Official website here: www.legacy-institute.org
What is the mission statement of Legacy Institute For Finacial Education?
The Legacy Institute for Financial Education is dedicated to promoting financial literacy, fostering economic stability, and establishing generational wealth. They accomplish this goal by offering personal finance and investment education through workshops and individualized coaching. The curriculum covers various topics such as understanding money, budgeting, saving, improving credit scores, homeownership, investing, and more. The aim is to equip individuals with the necessary financial skills to secure their financial future and build wealth for future generations.
Official website here: www.legacy-institute.org
What is the revenue of Legacy Institute For Finacial Education?
Legacy Institute For Finacial Education's revenue in 2023 was $927,122.
Official website here: www.legacy-institute.org
Who are the executives of Legacy Institute For Finacial Education and what are their salaries?
The average compensation at Legacy Institute For Finacial Education during 2023 was $34,784. There are 15 employees and 12 volunteers at Legacy Institute For Finacial Education.
Here are 7 key members and their salaries:
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Official website here: www.legacy-institute.org
Where can I find the form 990 for Legacy Institute For Finacial Education?
Legacy Institute For Finacial Education's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.legacy-institute.org
Learn more at the official website: www.legacy-institute.org
Mission Statement of Legacy Institute For Finacial Education
The Legacy Institute for Financial Education is dedicated to imparting financial literacy, fostering economic stability, and establishing generational wealth. Through workshops and individual coaching sessions, they offer comprehensive personal finance and investment education. Their curriculum encompasses a broad range of topics, including understanding money, budgeting, saving strategies, credit score improvement, homeownership, and investment options. The organization's goal is to equip individuals with the necessary skills to manage their finances effectively and build a secure financial future.
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Impact
July, 2024
Legacy Institute For Financial Education's impact lies in its commitment to teaching financial literacy, creating economic stability, and building generational wealth. Through workshops and individualized coaching, the institute provides education on personal finance and investments, covering topics such as understanding money, budgeting, saving, improving credit scores, homeownership, investing, and more. This initiative in Lufkin, Texas, aims to empower individuals with the knowledge and tools necessary to secure their financial futures and positively impact their communities. With a focus on youth development, Legacy Institute For Financial Education is actively working to equip the next generation with essential financial skills for long-term success.
This information is meant to be a general summary of Legacy Institute For Finacial Education. 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 2023.
- Investment Income: $2,283
- Program Service Revenue: $153,236
- Gross Receipts: $927,122
Assets and Liabilities:
- Total Assets: $749,684
- Total Liabilities: $680,730
- Net Assets: $68,954
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING
FINANCIAL COACHING
LIFE SKILLS TRAINING
Revenue
$143,327
MISC PROGRAM INCOME
Revenue
$9,909
NLCSGP ADMINISTRATION
Organization Details
Founding Year
2014
Principal Officer
Reagan Mcclenny
Website
www.legacy-institute.orgNTEE Category
Code: O99 - Youth development
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