Overview
What is The Legacy Project Inc?
The Legacy Project Inc, located in Lynchburg, Virginia, is a nonprofit organization with a mission to preserve and showcase the historical artifacts, documents, and memorabilia of the African American community in Lynchburg and its surroundings. They have accomplished this by rehabilitating two century-old houses into modern buildings, transforming them into a museum. The museum offers rotating exhibitions and programs, providing visitors with insights into various aspects of local African American history and culture. In 2022, the museum welcomed 500 visitors, furthering its aim of sharing this rich heritage with the community. The organization is led by a small team of one dedicated individual.
Official website here: www.legacymuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating
The Legacy Project Inc received a low score of 53% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While it boasts a fully independent board and has shown no material diversion of assets, critical policies such as conflict of interest, whistleblower, and document retention are notably missing. This lack of essential governance frameworks contributes to its overall low rating.
The organization performs well in certain areas, such as having a high percentage of independent board members and a favorable liabilities to assets ratio. However, the program expense ratio stands at only 51.30%, suggesting that less than half of its resources are being directed towards its stated programs. This aspect raises questions about the efficiency and focus of its financial operations.
Potential donors and stakeholders may need to exercise caution when considering support for The Legacy Project Inc, given its overall low rating and the absence of key policies designed to protect the organization and its stakeholders. Enhanced transparency and improved financial management practices could strengthen its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Legacy Project Inc legitimate?
The Legacy Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Legacy Project Inc 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: $16,540
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.legacymuseum.org
What is the mission statement of The Legacy Project Inc?
The Legacy Project Inc's mission is focused on preserving and showcasing the significant historical contributions of the African American community. They accomplish this by collecting, preserving, and storing artifacts, documents, and memorabilia. The organization utilizes rehabilitated buildings to display rotating exhibitions and programs, covering various aspects of local African American history and culture. In 2022, the museum attracted 500 visitors, demonstrating the community's interest in this vital heritage.
Official website here: www.legacymuseum.org
What is the revenue of The Legacy Project Inc?
The Legacy Project Inc's revenue in 2023 was $57,462.
Official website here: www.legacymuseum.org
Who are the executives of The Legacy Project Inc and what are their salaries?
The average compensation at The Legacy Project Inc during 2023 was $16,540. There is 1 employee and 22 volunteers at The Legacy Project Inc.
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $16,540
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.legacymuseum.org
Where can I find the form 990 for The Legacy Project Inc?
The Legacy Project Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.legacymuseum.org
Learn more at the official website: www.legacymuseum.org
Mission Statement of The Legacy Project Inc
The Legacy Project Inc, a nonprofit organization, is committed to preserving and safeguarding historical artifacts, documents, and memorabilia that highlight the significant contributions of the African American community in its surrounding areas. The primary objective of this organization is to collect, store, and exhibit these treasures, providing rotating exhibitions and programs that showcase various aspects of local African American history and culture. In pursuit of this mission, The Legacy Project Inc has rehabilitated two century-old houses, transforming them into modern museums. In 2022, the museum attracted 500 visitors, demonstrating its success in engaging the community with its rich historical heritage.
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
August, 2024
The Legacy Project Inc has made a significant impact by preserving and showcasing the rich history and contributions of the African American community in Lynchburg and its surroundings. Through its efforts to collect, preserve, and display historical artifacts and documents, the organization has transformed two century-old buildings into modern museum spaces. By curating rotating exhibitions and programs that delve into all aspects of local African American history and culture, The Legacy Project Inc has attracted 500 visitors to its museum in 2022 alone. This initiative serves as a vital resource for both educating the public and celebrating the heritage of the community.
This information is meant to be a general summary of The Legacy Project Inc. 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: $10,984
- Program Service Revenue: $85
- Gross Receipts: $65,590
Assets and Liabilities:
- Total Assets: $641,162
- Total Liabilities: $53,450
- Net Assets: $587,712
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admission fees
Revenue
$85
Organization Details
Founding Year
1995
Principal Officer
Valeria Chambers
Website
www.legacymuseum.orgNTEE Category
Code: A80 - Arts
If you are a representative of The Legacy Project Inc 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.