Overview
What is Friends Of Legacy Inc?
Friends of Legacy Inc is a nonprofit organization that was established with a mission to provide financial and technical support for the Legacy College Preparatory Charter School in New York. Their primary role involves offering resources and aid, including the rental of a building, to further the educational and charitable objectives of the charter school. The organization's activities are geared towards supporting the school's mission and contributing to its growth and success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (38%)
Friends Of Legacy Inc has received a low rating of 38%, resulting in a Zero-Star out of Four Stars designation on Charity Navigator. This rating reflects significant concerns regarding governance and accountability within the organization. Key issues include a complete lack of independent board members, no conflict of interest policy, and no whistleblower policy, which raises questions about the organization's commitment to transparency and ethical management.
Despite these governance shortcomings, the organization did score well in one area, achieving full points for its program expense ratio. This suggests that the charity allocates its funds effectively towards its programs. However, the overall lack of accountability measures and poor financial practices overshadow this strength, leaving potential donors with concerns about the stewardship of their contributions.
Additionally, the organization has not adequately met requirements for public transparency, as indicated by its failure to post crucial documents on its website and the lack of a tax form accessible to the public. These factors contribute to a concerning profile that potential supporters should consider before engaging with Friends Of Legacy Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Legacy Inc legitimate?
Friends Of Legacy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of 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 Friends Of Legacy Inc?
Friends of Legacy Inc was established with the primary objective of providing financial and technical assistance to enhance the educational and charitable purposes of the Legacy College Preparatory Charter School. The organization's mission is to support this school, located in New York, in its endeavors, thereby contributing to its growth and development. In addition to financial support, Friends of Legacy Inc also offers programmatic assistance, such as providing a rental facility to the charter school. The organization's goal is to contribute to the school's success and further its educational mission.
Who is the CEO of Friends Of Legacy Inc?
Summer Schneider is the Principal Officer of Friends Of Legacy Inc.
What is the revenue of Friends Of Legacy Inc?
Friends Of Legacy Inc's revenue in 2022 was $963,163.
Who are the executives of Friends Of Legacy Inc and what are their salaries?
There 4 volunteers at Friends Of Legacy Inc.
Here are 4 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
Where can I find the form 990 for Friends Of Legacy Inc?
Friends Of Legacy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Legacy Inc
Friends of Legacy Inc., a notable organization, was established with a specific purpose. Its mission is to offer financial and technical assistance to advance the educational and charitable objectives of the Legacy College Preparatory Charter School in New York State. The organization's role is multifaceted, extending beyond mere financial support. It also contributes to the school's operational needs by providing a rental space, furthering the school's mission and contributing to its overall success. In essence, Friends of Legacy Inc. plays a significant role in strengthening the educational foundation of the Legacy College Preparatory Charter School, thereby contributing to the academic growth and development of its students.
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Impact
July, 2024
Friends Of Legacy Inc's impact is focused on providing financial and technical support to the Legacy College Preparatory Charter School in the Bronx, NY. By offering programs such as renting a building to the charter school, this organization directly contributes to furthering the educational and charitable purposes of the school. Through their mission-driven work, Friends Of Legacy Inc plays a crucial role in supporting education and empowering students in the state of New York.
This information is meant to be a general summary of Friends Of 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,850
- Gross Receipts: $2,987,160
Assets and Liabilities:
- Total Assets: $1,253,492
- Total Liabilities: $369,692
- Net Assets: $883,800
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER INCOME
Revenue
$1,850
Organization Details
Founding Year
2020
Phone
(347) 746-1558Principal Officer
Summer Schneider
Main Address
400 EAST 145TH STREET, BRONX, NY, 10454
NTEE Category
Code: B11 - Education
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