A Legacy of Giving

Nonprofit profile at a glance

EIN
470975472
IRS 990 coverage
2015–2017
Forms available
Form 990 2017
Location
Austin, TX, USA
Phone
5129174999
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Philanthropy, Charity, Voluntarism Promotion

Official website

Reported finances

Revenue
$111,580
Expenses
$223,126
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • BEN DE LEON (PRESIDENT)
  • TIFFANY GALLIGAN (VICE PRESIDENT)
  • CAROLINE PAGE (EXECUTIVE DIRECTOR)

Highest reported compensation

  • CAROLINE PAGE (EXECUTIVE DIRECTOR): $103,201 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To empower children through philanthropy, education and youth philanthropy programs to become more engaged in improving their communities and world. We operate from the belief that everyone can be a philanthropist regardless of age, religion, or economic circumstances.

What it reported doing in 2017

The legacy program consists of four main components: training, curricululm, events, and support. The program kicks off each academic year with an in-depth, professional training workshop for legacy lead teachers.all legacy curricula have been designed to use best practices of teaching principles while providing content and pedagogy that is both structured and flexible enough for ease of use in a typical classroom setting. Within each semester, a different social concern is addressed, and the five-step process is utilized by students to learn about the issues through an academic assembly, internalize what the issues mean to them and to set intrinsic goals, learn about advocacy as an agent for change and to devise advocacy plans to inform and engage their communities, to act as philanthropists through service projects, and to reflect on their experiences and results.special events like the day of service, the youth summit, and the youth film & food festival, are a crucial aspect of legacy programming - connecting all of our legacy schools as one community. Diverse populations from public, private, charter, and religious schools all serve and celebrate alongside each other, and they are able to see how their combined philanthropic efforts can and do make a positive difference in their world.sustained support by the academic program coordinator and other legacy staff is continued throughout the year, providing curriculum expertise, ongoing training and development, scheduling logistics and delivery of academic assemblies by a team of presenters, pods deliveries, event permissions and details, and student mentorship sessions. E-newsletters are regularly sent to teachers and administrators with updates and guidance on all aspects of the program.

Operating model

Revenue model
Earned-program. 72% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 90
  • Accountability: 79
  • Sustainability: 2
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 51.3%; rating input score 51
  • Fundraising efficiency: $0.5 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -100%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 46.3%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -48.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -50.7% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -49.5% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 51.3% of spending went to programs
  • Governance: 9 of 9 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $114K in reported program spending
  • Leadership: top reported pay $103K · 10 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2015 to 2017
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Program expense ratio scored 51/100.
  • High — Financial Efficiency: Fundraising efficiency scored 4/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.