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Patriot Legacy Fund Inc

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

EIN: 823478860 ✦ Suwanee, GA ✦ Designated as a 501(c)(3)

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Overview

What is Patriot Legacy Fund Inc?

Patriot Legacy Fund Inc is a nonprofit organization located in Suwanee, Georgia. Their primary mission is to advance the educational opportunities for the children of service-disabled veterans. They provide financial aid, with scholarships of up to $2,500 for the current academic year, to those who demonstrate financial need. Their goal is to support individuals with a desire to serve others and continuously improve themselves. The organization operates with a focus on assisting those in need, aligning with their mission to make a positive impact in the lives of these children.


Official website here: www.patriotlegacyfund.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 92%, Four-Star out of Four Star Rating.

Patriot Legacy Fund Inc has achieved a strong rating of 92%, which reflects its effective management and significant impact in its field. The rating is derived from a combination of accountability and finance, along with impact and measurement scores, highlighting the organization's commitment to transparency and financial health. Notably, the organization boasts a perfect score in Impact & Measurement, indicating that it effectively evaluates and communicates its impact.

The organization's accountability metrics are robust, with a majority of independent board members and no material diversion of assets noted. However, there are areas for improvement, such as the absence of a whistleblower policy and a document retention and destruction policy, which could enhance governance practices. Despite these limitations, the high program expense ratio of 97.88% suggests that nearly all of its expenses are directed towards its programs, which is a positive indicator of its operational efficiency.

Overall, Patriot Legacy Fund Inc exemplifies strong financial practices and a clear focus on its mission, making it a noteworthy option for potential donors interested in supporting a nonprofit that prioritizes impactful outcomes.


This AI summary has been generated from information found on Charity Navigator.

Is Patriot Legacy Fund Inc legitimate?

Patriot Legacy Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Patriot Legacy Fund 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


Official website here: www.patriotlegacyfund.org

What is the mission statement of Patriot Legacy Fund Inc?

The mission of Patriot Legacy Fund Inc is centered around enhancing the educational prospects of children whose parents are veterans with disabilities served in the military. The organization aims to assist those with financial needs, inspiring a spirit of service and self-improvement. They achieve this by granting scholarships up to $2,500 for the current academic year, based on demonstrated financial need as indicated by the SAR from the FAFSA.


Official website here: www.patriotlegacyfund.org

Who is the CEO of Patriot Legacy Fund Inc?

Jason Puckett is the President of Patriot Legacy Fund Inc.


Official website here: www.patriotlegacyfund.org

What is the revenue of Patriot Legacy Fund Inc?

Patriot Legacy Fund Inc's revenue in 2022 was $58,901.


Official website here: www.patriotlegacyfund.org

Who are the executives of Patriot Legacy Fund Inc and what are their salaries?


Here are 7 key members and their salaries:


James Thomas (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Combs (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Puckett (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christophe Powers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Puckett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lacey Thomas (Marketing Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melvin Maxwell (Operations Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.patriotlegacyfund.org

Where can I find the form 990 for Patriot Legacy Fund Inc?

Patriot Legacy Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.patriotlegacyfund.org

Learn more at the official website: www.patriotlegacyfund.org

Mission Statement of Patriot Legacy Fund Inc

Patriot Legacy Fund Inc, a nonprofit organization, is committed to advancing the educational opportunities for the children of service-disabled veterans. Their mission is multifaceted, aimed at assisting those individuals who have financial needs, show a strong desire to serve others, and are dedicated to self-improvement. The organization's primary goal is to provide support to these children, enabling them to pursue their academic endeavors effectively. The funding provided by Patriot Legacy Fund Inc is need-based, as determined by the financial aid statement submitted with the Free Application for Federal Student Aid (FAFSA). The awards granted by the organization can reach up to $2,500 for the current academic year, making a significant impact on the recipients' educational journeys.

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Impact




August, 2024

Patriot Legacy Fund Inc has a significant impact on advancing educational opportunities for the children of service-disabled veterans. By providing scholarships based on financial need as determined by the FAFSA, the organization supports the academic pursuits of these deserving students. Awards of up to $2,500 per academic year contribute towards helping these individuals achieve their educational goals. Through their mission to assist those in financial need, serve the community, and promote personal growth, Patriot Legacy Fund Inc positively influences the lives of the children of service-disabled veterans, enabling them to access higher education and strive for a better future.




This information is meant to be a general summary of Patriot Legacy Fund 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
$58,901 (2022)
Expenses
$40,398 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $76,716

Assets and Liabilities:

  • Total Assets: $85,282
  • Total Liabilities: $0
  • Net Assets: $85,282

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Organization Details

Founding Year

2017

Principal Officer

Jason Puckett

Main Address

3920 Suwanee Bend Dr, Suwanee, GA, 30024

NTEE Category

Code: B82 - Education

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