Texas Black Legacy Foundation
Nonprofit profile at a glance
- EIN
- 932713182
- IRS 990-EZ coverage
- 2024–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Austin, Texas, US
- Phone
- 512-469-1705
- Rating
- 38
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $96,532
- Expenses
- $42,376
- Assets
- $174,036
- Liabilities
- $21,036
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- Darrell Pierce (Board Chairperson)
- Gregory L Smith (Board Treasurer)
- Mollie Rivera (Board Member)
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
To empower deserving students from underserved communities with need-based scholarships tailored for those dedicated to sports-related studies or careers.
What it reported doing in 2025
Through a competitive process we solicit application for graduating senior throughout the State of Texas. We received over 125 applications as a result we committed to fund 14 students at $2,000 each $1,000 for the fall semester and $1,000 for the springs semester. During 2024 we distributed $1,000 per student for a total scholarship distribution is $27,000.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- 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
REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 75
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.2%; rating input score 0
- Program expense ratio: 0.4%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 56.1%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 4.11; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -32.6% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: 43.5% per year; rating input score 100; 93rd percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 0.2% of revenue deployed · 0.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $177 in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 9 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 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.