BETA

LEGACY ENDOWMENT-THE COMMUNITY FOUNDATION: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
LEGACY ENDOWMENT-THE COMMUNITY FOUNDATION (EIN 33-0620685)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-05-15
IRS object ID
201811359349312846
Schema version
2016v3.0
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

FieldValueIRS element (for citing)
Return2018-05-15T16:36:50-07:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN260283164PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LEVERING & HVASTA CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15256 S MISSION RD STE 1210AddressLine1Txt
CityBONSALLCityNm
State AbbreviationCAStateAbbreviationCd
ZIP920033624ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN330620685EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LEGACY ENDOWMENTBusinessNameLine1Txt
Business Name Line2THE COMMUNITY FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLEGABusinessNameControlTxt
Phone7607283304PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 2710AddressLine1Txt
CityFALLBROOKCityNm
State AbbreviationCAStateAbbreviationCd
ZIP920882710ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKEN FINSTERPersonNm
Person TitleSECRETARYPersonTitleTxt
Phone7607283304PhoneNum
Signature2017-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARK A HVASTA CPAPreparerPersonNm
PTINP00537456PTIN
Phone7607288393PhoneNum
Preparation2018-05-15PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK HVASTAPrincipalOfficerNm
Gross Receipts$4,628,385GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressLEGACYENDOWMENT.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1994FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionTO ENHANCE AND PRESERVE A HIGHER QUALITY OF LIFE FOR COMMUNITIES BY FACILITATING PHILANTHROPY FOR FAMILIES, INDIVDUALS AND NONPROFITS.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers16TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$271,338PYContributionsGrantsAmt
CY Contributions Grants$2,000CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$199,455PYInvestmentIncomeAmt
CY Investment Income$654,635CYInvestmentIncomeAmt
PY Other Revenue$49,468PYOtherRevenueAmt
CY Other Revenue$49,656CYOtherRevenueAmt
PY Total Revenue$520,261PYTotalRevenueAmt
CY Total Revenue$706,291CYTotalRevenueAmt
PY Grants And Similar Paid$380,398PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$244,927CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$26,608PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$27,105CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$175,559PYOtherExpensesAmt
CY Other Expenses$100,271CYOtherExpensesAmt
PY Total Expenses$582,565PYTotalExpensesAmt
CY Total Expenses$372,303CYTotalExpensesAmt
PY Revenues Less Expenses-$62,304PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$333,988CYRevenuesLessExpensesAmt
Total Assets BOY$10,650,679TotalAssetsBOYAmt
Total Assets EOY$11,376,179TotalAssetsEOYAmt
Total Liabilities BOY$2,568,820TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,679,753TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$8,081,859NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$8,696,426NetAssetsOrFundBalancesEOYAmt
MissionTO ENHANCE AND PRESERVE A HIGHER QUALITY OF LIFE FOR COMMUNITIES BY FACILITATING PHILANTHROPY FOR FAMILIES, INDIVDUALS AND NONPROFITS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$217,700ExpenseAmt
Grant$217,700GrantAmt
DescTHE 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

FieldValueIRS element (for citing)
Expense$27,227ExpenseAmt
Grant$27,227GrantAmt
DescTHE 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
FieldValueIRS element (for citing)
Total Program Service Expenses$244,927TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundYes (true)DonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemYes (true)BusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee1EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
DAF Excess Business HoldingsfalseDAFExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonPETER FELLIOSPersonNm
Phone7607283304PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15256 S MISSION RD STE 1210AddressLine1Txt
CityBONSALLCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92003ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MARK HVASTA
PRESIDENT1.00Yes (X)Yes (X)$0$0$0
PETER FELLIOS
TREASURER1.00Yes (X)Yes (X)$0$0$0
KEN FINSTER
SECRETARY1.00Yes (X)Yes (X)$0$0$0
BRIAN HOBBS
BOARD MEMBERYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$2,000AllOtherContributionsAmt
Total Contributions$2,000TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$233,078TotalRevenueColumnAmt
Exclusion$233,078ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$4,343,651SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$3,922,094SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$421,557SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$421,557TotalRevenueColumnAmt
Exclusion$421,557ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
TRUSTEE FEE INC - CRTS & AGEN$49,156$49,156
RETURNED SCHOLARSHIP$500$500
FieldValueIRS element (for citing)
Other Revenue Total$49,656OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$706,291TotalRevenueColumnAmt
Related Or Exempt Func Income$49,156RelatedOrExemptFuncIncomeAmt
Exclusion$655,135ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$244,927TotalAmt
Program Services$244,927ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$24,776TotalAmt
Management And General$24,776ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,329TotalAmt
Management And General$2,329ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,501TotalAmt
Management And General$2,501ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$21,824TotalAmt
Management And General$21,824ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$49,403TotalAmt
Management And General$49,403ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,864TotalAmt
Management And General$1,864ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,243TotalAmt
Management And General$1,243ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$10,752TotalAmt
Management And General$10,752ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,042TotalAmt
Management And General$3,042ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
DUES & SUBSCRIPTIONS$3,103$3,103
INTERNET SERVICE$1,397$1,397
PAYROLL PROCESSING$1,291$1,291
TELEPHONE$1,181$1,181

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,670TotalAmt
Management And General$2,670ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$372,303TotalAmt
Program Services$244,927ProgramServicesAmt
Management And General$127,376ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$3,353BOYAmt
EOY$38,432EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$266,183BOYAmt
EOY$49,576EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$1,116EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$10,381,143BOYAmt
EOY$11,287,055EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,650,679BOYAmt
EOY$11,376,179EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$16,906BOYAmt
EOY$979EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,551,914BOYAmt
EOY$2,678,774EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,568,820BOYAmt
EOY$2,679,753EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,489,163BOYAmt
EOY$2,103,730EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$6,592,696BOYAmt
EOY$6,592,696EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,081,859BOYAmt
EOY$8,696,426EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,650,679BOYAmt
EOY$11,376,179EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$333,988ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$280,579OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Community TrustYes (X)CommunityTrustInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$199,560CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$155,163CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$239,816CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$271,338CurrentTaxYearMinus1YearAmt
Current Tax Year$2,000CurrentTaxYearAmt
Total$867,877TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$199,560CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$155,163CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$239,816CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$271,338CurrentTaxYearMinus1YearAmt
Current Tax Year$2,000CurrentTaxYearAmt
Total$867,877TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$867,877PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$281,985CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$307,767CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$389,230CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$294,513CurrentTaxYearMinus1YearAmt
Current Tax Year$233,078CurrentTaxYearAmt
Total$1,506,573TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$21,040CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$18,359CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$45,090CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$49,468CurrentTaxYearMinus1YearAmt
Current Tax Year$49,156CurrentTaxYearAmt
Total$183,113TotalAmt
FieldValueIRS element (for citing)
Total Support$2,557,563TotalSupportAmt
Gross Receipts Rltd Activities$49,156GrossReceiptsRltdActivitiesAmt
Public Support CY1700.33930PublicSupportCY170Pct
Public Support PY1700.47290PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, LINE 10FormAndLineReferenceDesc
ExplanationTRUSTEE FEE INCOME - 2010 - 2016 177,130 RENTAL INC-SUB-LEASE- 2012 -2016 5,983ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Donor Advised Funds Held17DonorAdvisedFundsHeldCnt
Donor Advised Funds Contri$51,948DonorAdvisedFundsContriAmt
Donor Advised Funds Grants$74,357DonorAdvisedFundsGrantsAmt
Donor Advised Funds Vl EOY$2,658,174DonorAdvisedFundsVlEOYAmt
Disclosed Org Leg CtrlYes (true)DisclosedOrgLegCtrlInd
Disclosed For Charitable PrpsYes (true)DisclosedForCharitablePrpsInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,094,614BeginningYearBalanceAmt
Contributions$2,000ContributionsAmt
Investment Earnings Or Losses$926,910InvestmentEarningsOrLossesAmt
Grants Or Scholarships$244,427GrantsOrScholarshipsAmt
Administrative Expenses$133,711AdministrativeExpensesAmt
End Year Balance$8,645,386EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,485,253BeginningYearBalanceAmt
Contributions$257,704ContributionsAmt
Investment Earnings Or Losses-$132,795InvestmentEarningsOrLossesAmt
Grants Or Scholarships$380,398GrantsOrScholarshipsAmt
Administrative Expenses$135,150AdministrativeExpensesAmt
End Year Balance$8,094,614EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,563,533BeginningYearBalanceAmt
Contributions$238,916ContributionsAmt
Investment Earnings Or Losses$60,976InvestmentEarningsOrLossesAmt
Grants Or Scholarships$378,172GrantsOrScholarshipsAmt
End Year Balance$8,485,253EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,763,917BeginningYearBalanceAmt
Contributions$1,450ContributionsAmt
Investment Earnings Or Losses$1,152,871InvestmentEarningsOrLossesAmt
Grants Or Scholarships$354,705GrantsOrScholarshipsAmt
End Year Balance$8,563,533EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,323,839BeginningYearBalanceAmt
Investment Earnings Or Losses$702,060InvestmentEarningsOrLossesAmt
Grants Or Scholarships$261,982GrantsOrScholarshipsAmt
End Year Balance$7,763,917EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY0.75810PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.24190TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
AGENCY FUNDS HELD FOR OTHERS$2,658,174
CHARITABLE CONTRIBUTIONS PENDING$20,600
FieldValueIRS element (for citing)
Total Liability$2,678,774TotalLiabilityAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable (12 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxtBusiness Name Line2RecipientBusinessName/BusinessNameLine2Txt
BOYS & GIRLS CLUB OF OCEANSIDE CA
401 COUNTRY CLUB LANEOCEANSIDECA92054951744805501C)3$8,261CHARITABLE
CABIN BY THE LAKE
28572 MEADOW MESA LANEESCONDIDOCA92029371532989501C)3$19,658CHARITABLEATTN MICHAEL DUNLAP
ELIZABETH HOSPICE
500 LA TERRAZA BLVD 130ESCONDIDOCA92025820549103501C)3$22,286CHARITABLE
FALLBROOK SENIOR CENTER
399 HEALD LANEFALLBROOKCA92028952892632501C)3$9,000CHARITABLE
FOUNDATION FOR SENIOR CARE
135 SOUTH MISSION ROADFALLBROOKCA92028953389263501C)3$24,789CHARITABLE
POINT LOMA NAZARENE
3900 LOMALANDSAN DIEGOCA92106951644035SCHOOL$9,400SCHOLARSHIPS
RADY CHILDRENS' HOSPITAL
3020 CHILDRENS WAYSAN DIEGOCA92123951691313501C)3$7,789CHARITABLE
SALVATION ARMY - SIERRA DEL MAR
2320 FIFTH AVESAN DIEGOCA92101580660607501C)3$7,789CHARITABLE
SANFORD-BURNHAM MEDICAL RESEARCH
10901 N TORREY PINESLA JOLLACA92037510197108501C)3$11,043CHARITABLE
SON RISE CHRISTIAN FELLOWSHIP
463 S STAGECOACH LANEFALLBROOKCA92028952273228$7,789CHARITABLE
ST MADELINE SOPHIE'S CENTER
2119 EAST MADISON AVENUEEL CAJONCA92019951957332501C)3$81,645CHARITABLE
UNIVERSITY OF REDLANDS
PO BOX 3080REDLANDSCA92373951643389SCHOOL$7,789EDUCATIONAL

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LEVERING & HVASTA CPASBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionPRESIDENTRelationshipDescriptionTxt
TransactionTAX RETURN PREPTransactionDesc
Sharing Of RevenuesfalseSharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE L, PART VFormAndLineReferenceDesc
ExplanationMARK HVASTA, BOARD PRESIDENT, IS A PARTNER AT LEVERING & HVASTA, CPAS, THE ACCOUNTING FIRM PREPARES ANNUAL TAX RETURNS FOR THE FOUNDATION AND CHARITABLE REMAINDER TRUSTS FOR WHICH THE FOUNDATION IS TRUSTEE. SERVICES ARE PROVIDED AT MARKET-COMPETITIVE RATES.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 1, PART I, LINE 6ALL 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 6, PART VI, LINE 11BA 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 OR EXECUTIVE DIRECTOR OF THE ORGANIZATION AND FILED.
FORM 990, PAGE 6, PART VI, LINE 12CTHE 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 15ATHE 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 19FORM 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 9UNREALIZED GAIN IN VALUE OF POOLED SECURITIES 280,579

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1LEGACY PROPERTIES LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN900957133EIN
Primary ActivitiesREAL ESTATPrimaryActivitiesTxt
Legal Domicile StateCALegalDomicileStateCd
Direct Controlling NAN/ADirectControllingNACd

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.