Overview
What is Summers Legacy Foundation Inc?
Summers Legacy Foundation Inc, based in New Orleans, Louisiana, is a nonprofit organization with a mission to support underprivileged communities through charitable and educational initiatives. The foundation focuses on awarding scholarships to students, particularly those attending schools in St. Tammany Parish and surrounding neighborhoods in need. In collaboration with the Northshore Community Foundation, they also provide scholarships to students from St. Tammany Parish attending out-of-state universities. Beyond scholarships, the foundation engages in various charitable activities within these communities, showcasing their commitment to local development and educational advancement.
Is Summers Legacy Foundation Inc legitimate?
Summers Legacy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summers Legacy Foundation 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: $197,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Summers Legacy Foundation Inc?
The Summers Legacy Foundation Inc focuses on supporting charitable and educational initiatives within underprivileged communities. Their primary objective includes offering scholarship awards to students, with a specific emphasis on those attending schools in St. Tammany Parish and other needy neighborhoods located in and around New Orleans. The foundation has collaborated with the Northshore Community Foundation to provide college scholarships to students from St. Tammany Parish who choose to attend universities outside of their local area.
What is the revenue of Summers Legacy Foundation Inc?
Summers Legacy Foundation Inc's revenue in 2023 was $467,191.
Who are the executives of Summers Legacy Foundation Inc and what are their salaries?
The average compensation at Summers Legacy Foundation Inc during 2023 was $98,500. There are 2 employees at Summers Legacy Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $185,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
Where can I find the form 990 for Summers Legacy Foundation Inc?
Summers Legacy Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Summers Legacy Foundation Inc
Summers Legacy Foundation Inc is an organization dedicated to supporting a wide range of charitable and educational initiatives within underprivileged communities. With a particular focus on students attending schools in St. Tammany Parish and other neighborhoods in need, located in and around New Orleans, the foundation aims to make a positive impact in these communities. One of their key initiatives involves awarding college scholarships to deserving students. To further expand their reach, Summers Legacy Foundation Inc has partnered with Northshore Community Foundation, enabling them to provide college scholarships to students at St. Tammany Parish schools who choose to attend universities outside of their local area. By investing in the education of these students, Summers Legacy Foundation Inc is helping to empower the next generation and contribute to the overall improvement of their communities.
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Impact
October, 2024
Summers Legacy Foundation Inc significantly enhances opportunities for underprivileged communities by providing essential support through charitable and educational initiatives. By awarding college scholarships, it empowers students to pursue higher education, particularly in out-of-state universities, thereby broadening their horizons and academic prospects. The collaboration with the Northshore Community Foundation amplifies this impact, ensuring that students from St. Tammy Parish and surrounding needy neighborhoods receive the resources they need to succeed. This commitment not only helps individuals achieve their educational goals but also contributes to the overall development and upliftment of these communities.
This information is meant to be a general summary of Summers Legacy Foundation 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: $191
- Gross Receipts: $467,191
Assets and Liabilities:
- Total Assets: $25,689
- Total Liabilities: $6,665
- Net Assets: $19,024
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Organization Details
Founding Year
2021
Principal Officer
Kyle Hubbs
NTEE Category
Code: T01 - Philanthropy
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