Legacy Theater and Music Company

Nonprofit profile at a glance

EIN
853261246
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025, Form 990-N 2023
Location
Stallings, NC, USA
Rating
39
Verdict
REVIEW
Rating confidence
Moderate
Sector
Performing Arts Organizations

Reported finances

Revenue
$92,608
Expenses
$76,015
Assets
$23,927

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

Leadership & pay

5 people listed

Executive titles in this filing

  • Jacob Forwerck (President)

People named in this filing

  • Jessica Forwerck (Artistic Director)
  • Jacob Forwerck (President)
  • Andrew Strzepek (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-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary tax-exempt purpose of our organization is to provide educational and artistic opportunities in the fields of theater and music. We offer classes workshops and performances that promote creativity artistic expression and skill development for individuals of all ages and backgrounds. Our programs aim to enrich the cultural life of the community by making the arts accessible and fostering a deeper appreciation of the performing arts.

What it reported doing in 2025

Legacy Theater and Music Company produced theatrical productions concerts camps and educational performances serving children teens and adults throughout Union County and the surrounding region. During 2025 more than 100 performers participated in Legacy productions and programs with over 1,500 audience members attending performances. These programs provided affordable access to the performing arts artistic training performance opportunities and community engagement through live theater and music.

Operating model

Revenue model
Earned-program. 85% of the money available for current operations came from fees and other program revenue.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

REVIEW - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 1
  • Transparency & Controls: 82
  • Sustainability: 47
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 1.9%; rating input score 2
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 17.9%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 0.31; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 44% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 95.4% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 1.9% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 4 of 5 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • 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 2/100.
  • Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.