Hornet Legacy Foundation

Nonprofit profile at a glance

EIN
333771078
IRS 990 coverage
2025–2025
Forms available
Form 990 2025
Location
Corpus Christi, TX, USA
Phone
3616535300
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alumni Associations

Official website

Reported finances

Revenue
$115,448
Expenses
$11,143
Assets
$104,305
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • DR JOHN GAGE (PRESIDENT)
  • TODD A HUNTER JR (VICE PRESIDENT/SECRETARY)

People named in this filing

  • DR JOHN GAGE (PRESIDENT)
  • TODD A HUNTER JR (VICE PRESIDENT/SECRETARY)
  • DAN SUCKLEY (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The hornet legacy foundation is a charitable and educational organization dedicated to supporting the students, teachers, and staff of flour bluff independent school district. The mission is to strengthen and enhance the resources available to the district, ensuring that every campus can attract and retain exceptional educators and provide students with the tools they need to succeed. In addition to meeting current needs, the hornet legacy foundation is committed to building a long-term investment strategy that will provide sustained support for the district for years to come. This forward-looking approach ensures that today's contributions will have an enduring impact, leaving a legacy that benefits future generations of hornets.

What it reported doing in 2025

The hornet legacy foundation was established for the purpose of enhancing the educational experience within the flour bluff independent school district by using the bequests and donations received by funding from the local businesses, families, community organizations, and other foundations, grants and visitors. The foundation helps flour bluff isd meet the needs of the students, teachers, and staff it serves.in october, the foundation held its inaugural state of the district luncheon at the varsity gym. The event celebrated student achievements, recognized district educators, and highlighted ongoing facility upgrades and the community-driven fundraising mission of the foundation.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 39
  • Transparency & Controls: 92
  • Accountability: 70
  • Sustainability: 90
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 9.7%; rating input score 10
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 90.3%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 9.36; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 9.7% of revenue deployed · 100% of spending went to programs
  • Governance: 7 of 7 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $11K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 10/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.