The Ivy Legacy Foundation
Nonprofit profile at a glance
- EIN
- 232831377
- IRS 990-EZ coverage
- 2016–2024
- Forms available
- Form 990-EZ 2024
- Location
- Philadelphia, PA, USA
- Phone
- 2158484735
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $140,182
- Expenses
- $117,502
- Assets
- $338,770
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- ROBYN JONES (VICE PRESIDENT DEVELOPMENT)
- TRACEY MCLAUGHLIN (PRESIDENT)
- STEPHANIE H WASHINGTON (VICE PRESIDENT PROGRAMS)
People named in this filing
- SHARIAH DIXON-TURNER (CHAIRMAN)
- ROBYN JONES (VICE PRESIDENT DEVELOPMENT)
- TRACEY MCLAUGHLIN (PRESIDENT)
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
To make a difference in the greater phil
What it reported doing in 2024
Provided scholarships to students for college
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 99% 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 program spending has grown recently. 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: 45
- Transparency & Controls: 82
- Sustainability: 75
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.1%; rating input score 43
- Program expense ratio: 47.8%; rating input score 48
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 16.2%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 2.88; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 1.1% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: 9% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 43.1% of revenue deployed · 47.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $56K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2016 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- Moderate — Financial Efficiency: Program expense ratio scored 48/100.