Legends in Valor Inc
Nonprofit profile at a glance
- EIN
- 450956220
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Belle Harbor, NY, USA
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $531
- Assets
- $41,603
- Liabilities
- $40,982
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- FELIX MULLIN (Director)
- JAMES MULLEN (Director)
- MARY ELLEN OLSEN (Director)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization is for the purposes of honoring those police officers, firefighters, and other civil servants who have served in the military. The organization shall endeavor to increase the public's awareness of these individuals who live and work in their communities by disseniating information to the public regarding trhe valiant efforts of individuals who have selflessly served their country and offer oppurtunity for the community at large to share in the recognition and honoring these individuals. To achieve the forgoing, the organization shall have the power to conduct fundraising activities various fundraising events will take place, such as sale of wearable items with the legends in valor, inc. Logo. Wearable items can be t-shirts and hats, but not limited to thsoe specific items. Donations will also be accepted on the legends in valor, inc. Website. The main mission is to raise funds for other tax exempt organizations.
What it reported doing in 2024
The organization's service program accomplishments are to hold various fundraising activities (events) during the year to sell wearable items (mostly t-shirts) with the legends in valor, inc. Logo. These fundraising events will also solicit cash contributions in addition to proceeds received from the sales of wearable itmes. Those funds are given to other registered charities or veterans in need.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Liabilities are high compared with assets and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 82
- Sustainability: 1
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 0.99; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: -25.1% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: -12.7% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: -2.6% per year; rating input score 0; 30th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $2K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 3 of 3 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2019 to 2024
- 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 — Sustainability: Liabilities to assets ratio scored 5/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.