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Build A Legacy Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 814735226 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

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Overview

What is Build A Legacy Inc?

Build A Legacy Inc is a nonprofit organization committed to alleviating governmental pressure. They accomplish this by organizing financial literacy workshops and offering nutritional services to senior citizens. Additionally, they operate a thrift shop and have donated a property for rehabilitation purposes, specifically for low-income individuals. The thrift shop and financial literacy seminars serve as means of lessening the financial burden, while the nutritional services and rehabilitation facility cater to the physical and social well-being of the community's elderly population.

Is Build A Legacy Inc legitimate?

Build A Legacy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Build A Legacy 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Build A Legacy Inc?

Build A Legacy Inc's mission is centered around alleviating governmental pressures. They achieve this by organizing financial literacy workshops and offering nutritional services to senior citizens. Additionally, the organization operates a thrift shop. Their mission extends to providing a rehabilitation home for low-income individuals and promoting financial literacy among them.

Who is the CEO of Build A Legacy Inc?

Marlene Mcghee is the Secretary of Build A Legacy Inc.

What is the revenue of Build A Legacy Inc?

Build A Legacy Inc's revenue in 2021 was $56,091.

Who are the executives of Build A Legacy Inc and what are their salaries?

There 1 volunteer at Build A Legacy Inc.


Here are 2 key members and their salaries:


Linda Gaines-Evans (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marlene Mcghee (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Build A Legacy Inc?

Build A Legacy Inc's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Build A Legacy Inc

Build A Legacy Inc, a nonprofit organization, is committed to alleviating governmental burdens in a unique way. They achieve this by conducting financial literacy seminars and offering nutritional services to senior citizens. Additionally, the organization runs a thrift shop. The primary goal of Build A Legacy Inc is to lessen the financial struggles faced by seniors and help them manage their resources more effectively. By equipping them with financial literacy skills, the organization empowers seniors to make informed decisions about their finances.

Furthermore, Build A Legacy Inc extends its support to senior citizens beyond financial education. Recognizing the importance of nutrition in maintaining good health, the organization provides nutritious meals for this age group. This not only ensures that seniors have access to balanced meals but also helps in boosting their overall well-being.

In addition to financial literacy seminars and nutritional services, Build A Legacy Inc also operates a thrift shop. This initiative serves multiple purposes. Firstly, it provides an avenue for seniors to purchase affordable household items, thereby reducing their expenses. Secondly, the thrift shop operates as a fundraising platform for the organization, helping it to generate revenue and sustain its operations.

In summary, Build A Legacy Inc is a nonprofit organization that works towards lessening the burden of government on senior citizens. It achieves this by conducting financial literacy seminars, providing nutritious meals, and operating a thrift shop. By doing so, the organization aims to empower seniors, improve their financial health, and enhance their overall well-being.

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Impact




August, 2024

Build A Legacy Inc's impact can be seen in the empowerment of individuals through financial literacy seminars, provision of nutritional services to senior citizens, and operating a thrift shop. This organization has also donated a home to be rehabilitated for low-income individuals, contributing to the community's welfare in Memphis, TN. Their mission to reduce the burden on the government through these initiatives is making a tangible difference in the lives of those they serve.




This information is meant to be a general summary of Build A Legacy 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.

Revenue
$56,091 (2021)
Expenses
$84,031 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $56,091
  • Gross Receipts: $231,900

Assets and Liabilities:

  • Total Assets: $24,085
  • Total Liabilities: $8,122
  • Net Assets: $15,963

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Organization Details

Founding Year

2016

Principal Officer

Marlene Mcghee

Main Address

PO Box 25021, Memphis, TN, 38125

NTEE Category

Code: B92 - Education

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