Overview
What is Family Legacy Foundation?
Family Legacy Foundation is a dedicated nonprofit organization situated in Chicago, Illinois, specifically at 2319 East 71st Street. Their primary focus is on assisting low-income students and those with the potential to attend college. They help these individuals complete their college application processes and financial aid forms, aiming to provide them with access to higher education. This mission is part of Family Legacy Foundation's commitment to breaking the cycle of poverty, which they believe can be achieved through education. The organization operates with a clear objective to make a positive impact on the lives of individuals in need, contributing to overall community development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
Family Legacy Foundation has achieved a Three-Star rating from Charity Navigator, which indicates a solid performance in terms of accountability and finance. The organization scored an impressive 83% overall, primarily driven by its strong accountability and finance metrics, demonstrating a commitment to transparency and responsible financial management.
The foundation boasts a 100% independent board, which is a significant strength as it helps to ensure unbiased oversight. Furthermore, the organization has received full marks for its financial statements audit and adherence to conflict of interest policies, reflecting a robust governance structure. Additionally, the foundation effectively utilizes its resources, with a program expense ratio of 84.08%, indicating that most of its expenses are directed towards its charitable programs.
While Family Legacy Foundation has shown commendable performance in various financial metrics, it's important for potential donors to consider that the rating is solely based on accountability and finance. There may be areas related to program impact and effectiveness that are not reflected in this rating, and interested individuals may want to seek additional information on the organization's overall impact and mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Family Legacy Foundation legitimate?
Family Legacy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Legacy Foundation 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: $399,938
For more financial information, click here
What is the mission statement of Family Legacy Foundation?
The Family Legacy Foundation's mission is centered around combating poverty. Specifically, they aim to achieve this by focusing on education. Their primary objective is to disrupt the cycle of poverty, ensuring it does not get passed down from generation to generation. To accomplish this, the foundation assists low-income and potential college students by helping them complete college application forms and financial aid paperwork. This proactive approach to education empowers individuals, providing them with the opportunity to improve their lives and break free from the confines of poverty.
Who is the CEO of Family Legacy Foundation?
Taneesha Rolland is the Executive Director of Family Legacy Foundation.
What is the revenue of Family Legacy Foundation?
Family Legacy Foundation's revenue in 2022 was $731,400.
Who are the executives of Family Legacy Foundation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Family Legacy Foundation?
Family Legacy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Family Legacy Foundation
Family Legacy Foundation, a nonprofit organization, is dedicated to eradicating the cycle of poverty by focusing on education. Their mission is to provide assistance to low-income students and those with potential for higher education, aiding them in completing college applications and financial aid forms. By doing so, Family Legacy Foundation aims to empower individuals and provide them with the opportunity to break the chains of poverty, ultimately creating a more equitable society.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Family Legacy Foundation is making a meaningful impact in Chicago by breaking the cycle of poverty through education. They serve low-income and potential college students by assisting them with completing college applications and financial aid forms, helping them access higher education opportunities. Through their efforts, Family Legacy Foundation is providing critical support to individuals striving to improve their lives and futures.
This information is meant to be a general summary of Family Legacy Foundation. 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.
- Gross Receipts: $731,400
Assets and Liabilities:
- Total Assets: $231,444
- Total Liabilities: $6,144
- Net Assets: $225,300
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2015
Principal Officer
Taneesha Rolland
Main Address
2319 East 71st Street, Chicago, IL, 60649
NTEE Category
Code: B01 - Education
If you are a representative of Family Legacy Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.