Legacy Media Institute in Petersburg, Virginia (VA)

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Legacy Media Institute
Employer Identification Number (EIN)541869002
Name of OrganizationLegacy Media Institute
In Care of NameTimothy Reid
Address1 New Millennium Dr, Petersburg, VA 23805-8907
Websitehttp://www.timreidplace.com/Tim_Reid_Place/Legacy_Media_Institue.html
ActivitiesDescribed in section 509(a)(2) of the Code, Scholarships (other)
SubsectionEducational Organization
Ruling Date02/2010
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2009
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$56,290
Amount of Income$190,085
Form 990 Revenue Amount$190,085
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Film, Video


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Amount of income in 2009: $190,085 (it was $190,085 in 2013)
This organization: 

 $190,085
Other organizations performing similar types of work: 

 $78,825

Assets in 2009: $56,290 (it was $56,290 in 2013)
Legacy Media Institute: 

 $56,290
Other organizations performing similar types of work: 

 $21,375

Expenses in 2013: $177,587
This organization: 

 $177,587
Other organizations performing similar types of work: 

 $72,967

Income to expenses ratio in 2013: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 82.5%
This organization: 

 82.5%
Other organizations performing similar types of work: 

 88.1%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$46,228$95,137$190,085
Contributions, gifts, grants, and similar amounts received$21,150$93,524$156,880
Program service revenue including government fees and contracts$25,180$0$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$-102$1,613$33,205
Gross income from gaming$0$0$0
Gross income from fundraising events$2,382$1,613$33,205
Less: direct expenses from gaming and fundraising events$2,484$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$73,346$75,978$177,587
Total net assets$30,798$49,957$56,290
Excess/Deficit for the year$-27,118$19,159$12,498
Net assets or fund balances at beginning of year$40,167$30,798$49,957
Other changes in net assets or fund balances$17,749$0$-6,165
Net assets or fund balances at end of year$49,957$56,290
Balance Sheets
201120122013
Total assets$30,798$49,957$56,290
Total liabilities$0$0$0
Net assets or fund balances$30,798$49,957$56,290
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$424,184
Subtotal Support$424,184
Gifts, grants, contributions, and membership fees received$424,184
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$424,184
Public Support$424,184
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Wounded Marine Careers Foundation Inc715 Broadway St, Quantico, VA 22134-5176VA2007-02$235,001
2Legacy Media Institute1 New Millennium Dr, Petersburg, VA 23805-8907VA2010-02$190,085
3The Central Virginia Film Institute Inc1 New Millennium Dr, Petersburg, VA 23805-8907VA1998-07$59,959
4Singing Wolf Documentaries Inc3118 Juniper Ln, Falls Church, VA 22044-1814VA2002-03$5,500
5Alexandria Film Festival500 East Alexandria Avenue, Alexandria, VA 22301VA2014-09$0
6Ashland Community Theater Foundation105 Duncan Street, Ashland, VA 23005VA2011-04$0
7Blue Ridge Southwest Virginia Film Office2828 Emissary Dr, Roanoke, VA 24019-3330VA2004-01$0
8Center For Non-Profit Resources Inc, C-Npr1564 West Hoover Road, Madison, VA 22727VA1996-01$0
9Community Films Foundation673 Berkmar Court, Charlottesville, VA 22901VA2011-02$0
10Denizen Media203 Wardensville Grade, Winchester, VA 22602VA2011-04$0
11Eleven Pictures Ltd166 Morton Rd, Keysville, VA 23947VA2006-12$0
12Fair Wind Films5078 Blarney St, Fredericksburg, VA 22407VA2014-12$0
13Fireworks International2537 Belmont Stales Drive, Virginia Beach, VA 23456VA2009-03$0
14Folkstreams Inc11324 Pearlstone Lane, Delaplane, VA 20144VA2002-03$0
15Insideout Global113 S West St Suite 206, Alexandria, VA 22314VA2011-09$0
16James River Film Society, James River Film Festival James River Filmmakers' ForumP O Box 7469, Richmond, VA 23221VA1999-07$0
17Middleburg Film FestivalPO BOX 1566, Middleburg, VA 20118-1566VA2015-02$0
18Nollywood Foundation Inc3800 N Fairfax Drive Unit 112, Arlington, VA 22203VA2009-04$0
19One Room School House Inc1532 Harbor Road, Williamsburg, VA 23185VA2010-10$0
20Ozymandias Productions Inc2858 Rogers Drive, Falls Church, VA 22042VA2007-10$0
Number of organizations performing similar types of work
Alaska1
Alabama6
Arkansas5
Arizona21
California384
Colorado40
Connecticut21
District of Columbia28
Delaware3
Florida68
Georgia27
Hawaii13
Iowa9
Idaho7
Illinois62
Indiana10
Kansas12
Kentucky8
Louisiana9
Massachusetts54
Maryland38
Maine9
Michigan28
Minnesota20
Missouri14
Mississippi7
Montana5
North Carolina26
Nebraska5
New Hampshire6
New Jersey31
New Mexico21
Nevada14
New York174
Ohio16
Oklahoma9
Oregon27
Pennsylvania34
Rhode Island10
South Carolina13
South Dakota2
Tennessee15
Texas68
Utah16
Virginia32
Vermont10
Washington30
Wisconsin11
West Virginia2
Wyoming4
International2
Total1,487

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