Legacy Educational Foundation in Schertz, Texas (TX)
Table of contents:
| Legacy Educational Foundation | |
| Employer Identification Number (EIN) | 204348700 |
| Name of Organization | Legacy Educational Foundation |
| Address | 12470 Woman Hollering Rd, Schertz, TX 78154-4504 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2013 |
| Assets | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $22,284 |
| Amount of Income | $8,354 |
| Form 990 Revenue Amount | $3,532 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $8,354 (it was $8,400 in 2012)
| This organization: | $8,354 |
| Other organizations performing similar types of work: | $86,203 |
Assets in 2013: $22,284 (it was $24,214 in 2012)
| This organization: | $22,284 |
| Other organizations performing similar types of work: | $53,182 |
Expenses in 2013: $5,462
| Legacy Educational Foundation: | $5,462 |
| Other organizations performing similar types of work: | $53,420 |
Income to expenses ratio in 2013: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 160.4%
| This organization: | 160.4% |
| Other organizations performing similar types of work: | 12.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $7,244 | $5,751 | $3,532 |
| Contributions, gifts, grants, and similar amounts received | $8,369 | $4,935 | $5,665 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $166 | $119 | $96 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-1,291 | $697 | $-2,229 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $3,422 | $3,346 | $2,593 |
| Less: direct expenses from gaming and fundraising events | $4,713 | $2,649 | $4,822 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $6,280 | $4,700 | $5,462 |
| Total net assets | $23,163 | $24,214 | $22,284 |
| Excess/Deficit for the year | $964 | $1,051 | $-1,930 |
| Net assets or fund balances at beginning of year | $22,199 | $23,163 | $24,214 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $24,214 | $22,284 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $23,163 | $24,214 | $22,284 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $23,163 | $24,214 | $22,284 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $51,252 |
| Subtotal | $56,252 |
| Gifts, grants, contributions, and membership fees received | $36,327 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $19,925 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $5,000 |
| Amounts received from disqualified persons | $5,000 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $56,910 |
| Public support | $56,252 |
| Subtotal | $658 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $658 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Western Carolina University Research & Development Corporation | Hfr Administration Bldg Ste 312, Cullowhee, NC 28723 | NC | 2002-08 | $3,575,122 |
| 2 | San Angelo D E S K Inc | 30 W Beauregard Ave Ste 100, San Angelo, TX 76903-5851 | TX | 2004-12 | $577,090 |
| 3 | Waco Isd Education Foundation | 501 Franklin Avenue, Waco, TX 76701-2146 | TX | 1995-01 | $505,886 |
| 4 | Ranger Academic Enrichmentfoundation Inc | PO BOX 179, Perryton, TX 79070-0179 | TX | 2007-03 | $232,528 |
| 5 | Mclennan County Pack Of Hope, Pack Of Hope | PO BOX 1545, Waco, TX 76703-1545 | TX | 2012-03 | $146,202 |
| 6 | Nacogdoches Band Boosters Club | PO BOX 630224, Nacogdoches, TX 75963-0224 | TX | 2012-03 | $115,827 |
| 7 | Belton Band Boosters | PO BOX 621, Belton, TX 76513-0621 | TX | 2011-02 | $109,238 |
| 8 | Seguin Education Foundation Inc | PO BOX 701, Seguin, TX 78156-0701 | TX | 2004-10 | $85,845 |
| 9 | Mabank Isd Education Foundation | 310 E Market St, Mabank, TX 75147-2311 | TX | 2010-06 | $40,562 |
| 10 | Kilgore Isd Education Foundation | 301 N Kilgore St, Kilgore, TX 75662 | TX | 2009-08 | $35,197 |
| 11 | Salyers Elementary Pto | 25705 W Hardy Rd, Spring, TX 77373-2684 | TX | 2004-02 | $30,466 |
| 12 | Lend A Hand Vietnamese Youthorganization Inc | 7655 S Braeswood, Houston, TX 77071-1400 | TX | 2008-11 | $13,915 |
| 13 | San Antonio Homeschool Athletic Association | 142 Lantana Vis, Spring Branch, TX 78070-5781 | TX | 2009-06 | $8,415 |
| 14 | Legacy Educational Foundation | 12470 Woman Hollering Rd, Schertz, TX 78154-4504 | TX | 2007-03 | $8,354 |
| 15 | Port Neches-Groves Educational Foundation | PO BOX 134, Port Neches, TX 77651-0134 | TX | 2011-10 | $4,394 |
| 16 | Wellspring Resources Npa | 2414 Blue Bonnet Blvd, Houston, TX 77030-3502 | TX | 2009-02 | $52 |
| 17 | Anthony Wildcats Booster Club | Box 53, Anthony, TX 79821 | TX | 2007-07 | $0 |
| 18 | Boyd Education Foundation | Po Box 1481, Boyd, TX 76023 | TX | 2011-09 | $0 |
| 19 | Bridgeport High School Girls Basketball Booster Club | 1 Maroon Drive, Bridgeport, TX 76426 | TX | 2008-04 | $0 |
| 20 | Burton Educational Foundation Inc | Po Box 407, Burton, TX 77835 | TX | 2010-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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