LEGACY ENDOWMENT-THE COMMUNITY FOUNDATION: Form 990, tax year 2022
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- Organization
- LEGACY ENDOWMENT-THE COMMUNITY FOUNDATION (EIN 33-0620685)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-15
- IRS object ID
- 202431369349312393
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-15T17:03:21-04:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 260283164 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEVERING & HVASTA CPAS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5256 S MISSION RD STE 1210 | AddressLine1Txt |
| City | BONSALL | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92003 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 330620685 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEGACY ENDOWMENT | BusinessNameLine1Txt |
| Business Name Line2 | THE COMMUNITY FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LEGA | BusinessNameControlTxt |
| Phone | 7607283304 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5256 S MISSION RD STE 1210 | AddressLine1Txt |
| City | BONSALL | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92003 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RACHEL MASON | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7607283304 | PhoneNum |
| Signature | 2023-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | RACHEL | PersonFirstNm |
| Person Last | MASON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARK A HVASTA CPA | PreparerPersonNm |
| PTIN | P00537456 | PTIN |
| Phone | 7607288393 | PhoneNum |
| Preparation | 2024-05-15 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RACHEL MASON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5256 S MISSION RD STE 1210 | AddressLine1Txt |
| City | BONSALL | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92003 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,607,650 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | LEGACYENDOWMENT.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1994 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | TO ENHANCE AND PRESERVE A HIGHER QUALITY OF LIFE FOR COMMUNITIES BY FACILITATING PHILANTHROPY FOR FAMILIES, INDIVDUALS AND NONPROFITS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $172,044 | PYContributionsGrantsAmt |
| CY Contributions Grants | $679,214 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $335,742 | PYInvestmentIncomeAmt |
| CY Investment Income | $217,505 | CYInvestmentIncomeAmt |
| PY Other Revenue | $161,098 | PYOtherRevenueAmt |
| CY Other Revenue | $130,497 | CYOtherRevenueAmt |
| PY Total Revenue | $668,884 | PYTotalRevenueAmt |
| CY Total Revenue | $1,027,216 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $657,589 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $591,735 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $105,136 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $128,024 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $15,478 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $93,692 | PYOtherExpensesAmt |
| CY Other Expenses | $175,246 | CYOtherExpensesAmt |
| PY Total Expenses | $856,417 | PYTotalExpensesAmt |
| CY Total Expenses | $895,005 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$187,533 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $132,211 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $13,007,893 | TotalAssetsBOYAmt |
| Total Assets EOY | $13,375,044 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $605,916 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,253,275 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $12,401,977 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $12,121,769 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO ENHANCE AND PRESERVE A HIGHER QUALITY OF LIFE FOR COMMUNITIES BY FACILITATING PHILANTHROPY FOR FAMILIES, INDIVDUALS AND NONPROFITS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $525,426 | ExpenseAmt |
| Grant | $525,426 | GrantAmt |
| Desc | THE FOUNDATION MAKES GRANTS FROM THE VARIOUS ENDOWMENTS, DONOR-ADVISED, SPECIAL PROJECTS AND PASS-THRU FUNDS THAT IT HOLDS. LEGACY ENDOWMENT...THE COMMUNITY FOUNDATION IS COMMITTED TO IMPROVING THE QUALITY OF LIFE IN THE FALLBROOK AND GREATER SAN DIEGO AREA BY SUPPORTING LOCAL CHARITIES IN THE FOLLOWING AREAS: ARTS/CULTURE, EDUCATION/TRAINING, HEALTH & HUMAN SERVICES, MEDICAL RESEARCH, SENIOR CAUSES AND PROGRAMS FOR THE DISABLED. THE FOUNDATION HAS AN UNDERSTANDING OF THE NEEDS OF THE COMMUNITY AND CAN CONNECT THE DONOR WITH THOSE NON-PROFIT ORGANIZATIONS THAT CAN MEET THOSE NEEDS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $66,309 | ExpenseAmt |
| Grant | $66,309 | GrantAmt |
| Desc | THE FOUNDATION GRANTS SCHOLARSHIPS FOR STUDENTS ATTENDING INSTITUTIONS OF HIGHER EDUCATION AND VOCATION/TECHNICAL EDUCATION INSTITUTIONS. ALL SCHOLARSHIPS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $93,580 | ExpenseAmt |
| Desc | ADMINISTRATION COSTS ALLOCATED TO PROGRAM SERVICE EXPENSES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $93,580 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $685,315 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 1 | IRPDocumentCnt |
| IRP Document W2 G | 2 | IRPDocumentW2GCnt |
| Employee | 2 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MATTHEW OBERMUELLER | PersonNm |
| Phone | 7607283304 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5256 S MISSION RD STE 1210 | AddressLine1Txt |
| City | BONSALL | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92003 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| MICHAEL DUNLAP | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LAURA HOLCK | ||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| RACHEL MASON | ||||||
| PRESIDENT | 4.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| ROY MOOSA | ||||||
| VICE PRESIDE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MATTHEW OBERMUELLER | ||||||
| TREASURER/DI | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| HOWARD SALMON | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| WALLACE TUCKER | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $679,214 | AllOtherContributionsAmt |
| Noncash Contributions | $4,950 | NoncashContributionsAmt |
| Total Contributions | $679,214 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $303,267 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,718 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $301,549 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,494,672 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,580,434 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$85,762 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$85,762 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$85,762 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LEGACY SERVICE FEES | Desc |
| Total Revenue Column | $130,497 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $130,497 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $130,497 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,027,216 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $46,453 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $301,549 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $591,510 | TotalAmt |
| Program Services | $591,510 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $225 | TotalAmt |
| Program Services | $225 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,419 | TotalAmt |
| Program Services | $59,209 | ProgramServicesAmt |
| Management And General | $53,289 | ManagementAndGeneralAmt |
| Fundraising | $5,921 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,605 | TotalAmt |
| Program Services | $4,803 | ProgramServicesAmt |
| Management And General | $4,322 | ManagementAndGeneralAmt |
| Fundraising | $480 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,148 | TotalAmt |
| Program Services | $11,744 | ProgramServicesAmt |
| Management And General | $23,489 | ManagementAndGeneralAmt |
| Fundraising | $3,915 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,050 | TotalAmt |
| Management And General | $76,050 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,661 | TotalAmt |
| Program Services | $6,782 | ProgramServicesAmt |
| Management And General | $10,494 | ManagementAndGeneralAmt |
| Fundraising | $3,385 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,000 | TotalAmt |
| Program Services | $2,700 | ProgramServicesAmt |
| Management And General | $5,400 | ManagementAndGeneralAmt |
| Fundraising | $900 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95 | TotalAmt |
| Management And General | $95 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,169 | TotalAmt |
| Program Services | $950 | ProgramServicesAmt |
| Management And General | $1,902 | ManagementAndGeneralAmt |
| Fundraising | $317 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| DONOR RELATIONS | $16,174 | $6,470 | $9,704 |
| DUES & SUBSCRIPTIONS | $3,611 | $3,611 | |
| PAYROLL PROCESSING | $2,022 | $2,022 | |
| COMPUTER EXPENSE | $1,546 | $1,546 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,770 | TotalAmt |
| Program Services | $922 | ProgramServicesAmt |
| Management And General | $2,288 | ManagementAndGeneralAmt |
| Fundraising | $560 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $895,005 | TotalAmt |
| Program Services | $685,315 | ProgramServicesAmt |
| Management And General | $194,212 | ManagementAndGeneralAmt |
| Fundraising | $15,478 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $221,518 | BOYAmt |
| EOY | $115,378 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,400 | BOYAmt |
| EOY | $41,187 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84 | BOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,720,452 | BOYAmt |
| EOY | $13,191,565 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,439 | BOYAmt |
| EOY | $26,914 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,007,893 | BOYAmt |
| EOY | $13,375,044 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $605,916 | BOYAmt |
| EOY | $1,253,275 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $605,916 | BOYAmt |
| EOY | $1,253,275 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,401,977 | BOYAmt |
| EOY | $12,121,769 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,401,977 | BOYAmt |
| EOY | $12,121,769 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,007,893 | BOYAmt |
| EOY | $13,375,044 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $132,211 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$412,419 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Community Trust | Yes (X) | CommunityTrustInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $659,377 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $73,984 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $45,025 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $176,295 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $679,214 | CurrentTaxYearAmt |
| Total | $1,633,895 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $659,377 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $73,984 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $45,025 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $176,295 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $679,214 | CurrentTaxYearAmt |
| Total | $1,633,895 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $1,633,895 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $264,234 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $176,011 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $233,895 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $335,742 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $301,549 | CurrentTaxYearAmt |
| Total | $1,311,431 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $54,828 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,711 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,047 | CurrentTaxYearMinus2YearsAmt |
| Total | $100,586 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $3,045,912 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $497,954 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.53640 | PublicSupportCY170Pct |
| Public Support PY170 | 0.40250 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 10 | FormAndLineReferenceDesc |
| Explanation | TRUSTEE FEE INCOME 100,586 | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Donor Advised Funds Held | 1 | DonorAdvisedFundsHeldCnt |
| Donor Advised Funds Grants | $4,000 | DonorAdvisedFundsGrantsAmt |
| Disclosed Org Leg Ctrl | false | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | false | DisclosedForCharitablePrpsInd |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $11,343,559 | BeginningYearBalanceAmt |
| Contributions | $13,375 | ContributionsAmt |
| Investment Earnings Or Losses | $266,198 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $408,530 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $100,071 | AdministrativeExpensesAmt |
| End Year Balance | $11,114,531 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,727,666 | BeginningYearBalanceAmt |
| Contributions | $750 | ContributionsAmt |
| Investment Earnings Or Losses | $149,180 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $420,122 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $181,591 | AdministrativeExpensesAmt |
| End Year Balance | $11,343,559 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,050,212 | BeginningYearBalanceAmt |
| Contributions | $659,377 | ContributionsAmt |
| Investment Earnings Or Losses | $574,150 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $409,290 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $146,783 | AdministrativeExpensesAmt |
| End Year Balance | $9,727,666 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | AGENCY FUNDS HELD FOR OTHERS | Desc |
| Amt | $1,253,275 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,253,275 | TotalLiabilityAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (26 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Business Name Line2RecipientBusinessName/BusinessNameLine2Txt |
|---|---|---|---|---|---|---|---|---|
| BOYS & GIRLS CLUB OF OCEANSIDE | ||||||||
| 401 COUNTRY CLUB LANE | OCEANSIDE | CA | 92054 | 951744805 | 501C)3 | $19,285 | EDUCATIONAL | |
| BOYS AND GIRLS CLUB OF FALLBROOK FD | ||||||||
| PO BOX 1497 | BONSALL | CA | 92003 | 336088063 | 501C)3 | $34,630 | CHARITABLE | |
| CABIN BY THE LAKE | ||||||||
| 28572 MEADOW MESA LANE | ESCONDIDO | CA | 92029 | 371532989 | 501C)3 | $30,000 | CHARITABLE | ATTN MICHAEL DUNLAP |
| CHILDRENS HOSPITAL OF LA | ||||||||
| 4650 SUNSET BLVD MS29 | LOS ANGELES | CA | 90027 | 951690977 | 501C)3 | $7,785 | CHARITABLE | |
| CSU SAN MARCOS | ||||||||
| 333 S TWIN OAKS VALLEY RD | SAN MARCOS | CA | 92096 | SCHOOL | $11,500 | |||
| DOUGHERTY & TANAKA FOUNDATION | ||||||||
| 1721 EASTERN AVE STE 19 | SACRAMENTO | CA | 95864 | 204468866 | 501)3 | $8,363 | ||
| EH ANGLE EDUCATIONAL FOUNDATION | ||||||||
| PO BOX 10679 | HUNTSVILLE | TX | 77340 | 391208883 | 501C3 | $8,363 | ||
| ELIZABETH HOSPICE | ||||||||
| 500 LA TERRAZA BLVD 130 | ESCONDIDO | CA | 92025 | 820549103 | 501C)3 | $39,686 | CHARITABLE | |
| FALLBROOK FOOD PANTRY | ||||||||
| 140 N BRANDON RD A | FALLBROOK | CA | 92028 | 501C3 | $10,000 | |||
| FALLBROOK LAND CONSERVANCY | ||||||||
| 1815 S STAGE COACH LANE | FALLBROOK | CA | 92028 | 330301237 | 501C3 | $8,352 | ||
| FALLBROOK MUSIC SOCIETY | ||||||||
| 131 W BEECH ST | FALLBROOK | CA | 92028 | 953274842 | 501C3 | $44,139 | ||
| FALLBROOK SENIOR CENTER | ||||||||
| 399 HEALD LANE | FALLBROOK | CA | 92028 | 952892632 | 501C)3 | $22,000 | CHARITABLE | |
| FOUNDATION FOR SENIOR CARE | ||||||||
| 135 SOUTH MISSION ROAD | FALLBROOK | CA | 92028 | 953389263 | 501C)3 | $30,265 | CHARITABLE | |
| NEIGHBORHOOD HEALTHCARE | ||||||||
| 401 E VALLEY PKWY | ESCONDIDO | CA | 92025 | 952796316 | 501C3 | $10,000 | ||
| PALOMAR COMMUNITY COLLEGE | ||||||||
| 1140 W MISSION RD | SAN MARCOS | CA | 92069 | SCHOOL | $6,500 | SCHOLARSHIP | ||
| PALOMAR HEALTH FOUNDATION | ||||||||
| 960 CANTERBURY PL STE 110 | ESCONDIDO | CA | 92025 | 933573154 | 501C3 | $5,500 | ||
| RADY CHILDRENS' HOSPITAL | ||||||||
| 3020 CHILDRENS WAY | SAN DIEGO | CA | 92123 | 951691313 | 501C)3 | $14,265 | CHARITABLE | |
| SALVATION ARMY - REGIONAL OFFICE | ||||||||
| 2320 FIFTH AVE | SAN DIEGO | CA | 92101 | 580660607 | 501C)3 | $14,265 | CHARITABLE | |
| SAN LUIS REY MISSION PARISH | ||||||||
| 4070 MISSION AVE | OCEANSIDE | CA | 92057 | 273979823 | CHURCH | $7,785 | RELIGIOUS | |
| SAN MARINO COMMUNITY CHURCH | ||||||||
| 1750 VIRGINIA RD | SAN MARINO | CA | 91108 | CHURCH | $8,363 | |||
| SANFORD-BURNHAM MEDICAL RESEARCH | ||||||||
| 10901 N TORREY PINES | LA JOLLA | CA | 92037 | 510197108 | 501C)3 | $20,243 | CHARITABLE | |
| SON RISE CHRISTIAN FELLOWSHIP | ||||||||
| 463 S STAGE COACH LANE | FALLBROOK | CA | 92028 | 952273228 | CHURCH | $14,265 | CHARITABLE | |
| ST MADELINE SOPHIE'S CENTER | ||||||||
| 2119 EAST MADISON AVENUE | EL CAJON | CA | 92019 | 951957332 | 501C)3 | $146,340 | CHARITABLE | |
| THE HUNTINGTON LIBRARY | ||||||||
| 1151 OXFORD RD | SAN MARINO | CA | 91108 | 501C3 | $8,363 | |||
| UC DAVIS | ||||||||
| ONE SHIELDS AVE | DAVIS | CA | 95616 | SCHOOL | $8,000 | SCHOLARSHIPS | ||
| UNIVERSITY OF REDLANDS | ||||||||
| PO BOX 3080 | REDLANDS | CA | 92373 | 951643389 | SCHOOL | $14,265 | SCHOLARSHIPS | |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 1, PART I, LINE 6 | ALL BOARD MEMBERS AND OFFICERS ARE VOLUNTEERS. LEGACY ENDOWMENT UTILIZES VOLUNTEERS FROM THE COMMUNITY FOR VARIOUS ACTIVITIES. THESE VOLUNTEER COMMITTEE MEMBERS ARE OVERSEEN BY STAFF AND BOARD VOLUNTEERS. |
| FORM 990, PAGE 2, PART III, LINE 4D | ADMINISTRATION COSTS ALLOCATED TO PROGRAM SERVICE EXPENSES. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A SELECT MEMBER OF THE BOARD IS ASSIGNED TO REVIEW FORM 990 FOR ACCURANCY AND COMPREHENSIVENESS. THE FORM 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR APPROVAL BEFORE IT IS SIGNED BY AN OFFICER OF THE ORGANIZATION AND FILED. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE DIRECTORS OF LEGACY ENDOWMENT OWE A DUTY OF LOYALTY TO THE ORGANIZATION WHICH REQUIRES THAT IN SERVING LEGACY ENDOWMENT THEY ACT, NOT IN THEIR PERSONAL INTERESTS OR IN THE INTERESTS OF OTHERS, BUT RATHER SOLELY IN THE INTEREST OF LEGACY ENDOWMENT. DIRECTORS MUST HAVE UNDIVIDED ALLEGIANCE TO LEGACY ENDOWMENT'S MISSION AND MAY NOT USE THEIR POSITIONS AS DIRECTORS, INFORMATION THEY HAVE ABOUT LEGACY ENDOWMENT, OR LEGACY ENDOWMENT'S PROPERTY, IN A MANNER THAT ALLOWS THEN TO SECURE A PECUNIARY BENEFIT FOR THEMSELVES, OTHER ORGANIZATIONS OR THEIR RELATIVES. THE CONDUCT OF PERSONAL BUSINESS BETWEEN ANY DIRECTOR AND LEGACY ENDOWMENT IS PROHIBITED. BUSINESS TRANSACTIONS OF LEGACY ENDOWMENT IN WHICH A DIRECTOR HAS AN INTEREST SHALL NOT BE PROHIBITED, BUT THEY SHALL BE SUBJECT TO CLOSE SCRUTINY. SUCH PROPOSED TRANSACTIONS SHALL BE REVIEWED CAREFULLY TO DETERMINE THAT THEY ARE IN THE BEST INTEREST OF LEGACY ENDOWMENT AND THEY WILL NOT LEAD TO CONFLICT OF INTEREST. FOR THE PURPOSE OF THIS POLICY, A DIRECTOR HAS AN INTEREST IN A PROPOSED TRANSACTION IF HE/SHE HAS A SUBSTANTIAL FINANCIAL INTEREST IN IT, OR HAS A SUBSTANTIAL FINANCIAL INTEREST IN ANY ORGANIZATION INVOLVED IN THE PROPOSED TRANSACTION, OR HOLDS A POSITION AS TRUSTEE, DIRECTOR, GENERAL MANAGER, OR PRINCIPAL OFFICER IN ANY SUCH ORGANIZATION. PRIOR TO THE START OF ANY NEGOTIATIONS, OR CONSIDERATION OF A GRANT REQUEST BY THE ORGANIZATION, DIRECTORS WILL MAKE FULL DISCLOSURE TO THE BEST OF THEIR KNOWLEDGE OF ANY DUAL INTEREST IN A PROPOSED TRANSACTION BY SUBMITTING A REPORT TO THE PRESIDENT OR OTHER OFFICER DESIGNATED BY THE BOARD TO HANDLE SUCH MATTERS, SUPPLY ANY REASONS WHY THE TRANSACTION MIGHT NOT BE IN THE BEST INTEREST OF LEGACY ENDOWMENT. IN MATTERS REQUIRING PRIOR APPROVAL OF THE BOARD OF DIRECTORS, THE PRESIDENT OR OTHER OFFICER SHALL FORWARD COPIES OF THIS DISCLOSURE REPORT TO THE BOARD BEFORE ITS APPROVAL. A DIRECTOR WITH A DUAL INTEREST IN A PROPOSED TRANSACTION SHALL NOT VOTE ON THE MATTER AND, DEPENDING UPON THE CIRCUMSTANCES, MAY BE EXCLUDED FROM ANY DISCUSSION OF THE MATTER. A DIRECTOR SHALL NOT USE INSIDE INFORMATION OF LEGACY ENDOWMENT FOR HIS/HER PERSONAL BENEFIT, OR USE SUCH INSIDE INFORMATION OR HIS/HER POSITION AS DIRECTOR TO THE DETRIMENT OF LEGACY ENDOWMENT. INSIDE INFORMATION IS INFORMATION OBTAINED THROUGH THE DIRECTOR'S POSITION THAT HAS NOT BECOME PUBLIC INFORMATION. EACH DIRECTOR HAS A DUTY TO PLACE THE INTERESTS OF LEGACY ENDOWMENT FOREMOST IN ANY DEALINGS INVOLVING THE ORGANIZATION AND HAS A CONTINUING RESPONSIBILITY TO COMPLY WITH THE REQUIREMENTS OF THE POLICY. ON AN ANNUAL BASIS, EACH DIRECTOR IS REQUIRED TO COMPLETE A DIRECTOR DISCLOSURE STATEMENT. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE PRESIDENT CARRIES OUT AN ANNUAL PERFORMANCE REVIEW FOR THE EXECUTIVE DIRECTOR AND RECOMMENDS THE LEVEL OF COMPENSATION TO THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | FORM 990 IS AVAILABLE UPON REQUEST AND ON LEGACY ENDOWMENT'S WEBSITE. ALL OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE GENERAL PUBLIC. |
| FORM 990, PART XI, LINE 9 | UNREALIZED GAIN ON POOLED SECURITIES 0 UNREALIZED LOSS ON SECURITIES -412,419 TOTAL -412,419 |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEGACY PROPERTIES LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 900957133 | EIN |
| Primary Activities | REAL ESTAT | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
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