Overview
What is The Lady Legacy Scholarship Foundat?
The Lady Legacy Scholarship Foundation is a nonprofit organization with a focus on charitable and educational endeavors. They offer a scholarship to a promising student pursuing a bachelor's degree at an accredited college. Beyond academic support, the foundation also extends its generosity to deserving female golf programs in middle and high schools within Birmingham, Alabama. The foundation's mission is to empower students and promote the growth of female golf within local educational institutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
The Lady Legacy Scholarship Foundation has achieved a strong overall score of 94%, reflecting its commitment to accountability and finance. This high rating is primarily based on its perfect score in the Accountability & Finance category, indicating a well-managed organization that prioritizes transparency and responsible use of funds.
Strengths highlighted by the rating include an entirely independent board of directors, which enhances governance, and a high program expense ratio of 97.21%, demonstrating that the vast majority of its resources are directed toward its mission. Additionally, the foundation has effective policies in place, such as conflict of interest and whistleblower policies, ensuring ethical practices throughout its operations.
There were no significant limitations noted in the data, suggesting that The Lady Legacy Scholarship Foundation operates without major financial issues or governance concerns. Overall, it stands out as a reliable nonprofit dedicated to its scholarship mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Lady Legacy Scholarship Foundat legitimate?
The Lady Legacy Scholarship Foundat is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lady Legacy Scholarship Foundat submitted a form 990EZ, 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
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What is the mission statement of The Lady Legacy Scholarship Foundat?
The Lady Legacy Scholarship Foundation is dedicated to serving charitable and educational purposes. A key aspect of its mission is to award scholarships to deserving students pursuing a bachelor's degree at an accredited college. Moreover, the foundation extends its generosity to deserving female golf programs in middle and high schools located in Birmingham, AL. The primary objective of these grants is to support and foster the growth of these programs. In essence, the foundation aims to contribute to the education and development of young individuals and promote the sport of golf.
What is the revenue of The Lady Legacy Scholarship Foundat?
The Lady Legacy Scholarship Foundat's revenue in 2023 was $55,235.
Who are the executives of The Lady Legacy Scholarship Foundat and what are their salaries?
There 25 volunteers at The Lady Legacy Scholarship Foundat.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Lady Legacy Scholarship Foundat?
The Lady Legacy Scholarship Foundat's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Lady Legacy Scholarship Foundat
The Lady Legacy Scholarship Foundation is committed to serving charitable and educational purposes. This organization takes a proactive approach by granting scholarships to deserving students who are diligently working towards earning a baccalaureate degree at an accredited college. Beyond academic support, the foundation also extends its generosity to female golf programs in middle and high schools located in Birmingham, AL, by providing them with essential grants. Through these initiatives, The Lady Legacy Scholarship Foundation aims to empower and uplift both individual students and entire golf teams, fostering an environment of learning and growth.
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Impact
August, 2024
The Lady Legacy Scholarship Foundation has a significant impact on the educational and athletic landscape in Birmingham, AL. By granting scholarships to deserving students pursuing a baccalaureate degree, the foundation supports educational pursuits and creates opportunities for academic advancement. Furthermore, by providing grants to female golf programs in middle and high schools, the foundation promotes gender equality in sports and helps develop young athletes. Overall, The Lady Legacy Scholarship Foundation plays a crucial role in empowering individuals and promoting education and athletics in the community.
This information is meant to be a general summary of The Lady Legacy Scholarship Foundat. 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: -$9,838
- Gross Receipts: $55,235
Assets and Liabilities:
- Total Assets: $448,153
- Total Liabilities: $30,000
- Net Assets: $418,153
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Organization Details
Principal Officer
Carol Myers
NTEE Category
Code: B82 - Education
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