Civic Intelligence

Legacy Foundation Incorporated

EIN 20-5027307 • 501(c)3 • Scotch Plains, NJ

Profile

Provide financial scholarships to college bound high school seniors from local community based educational institutions

2560 U S Hwy 22 303Scotch Plains, NJ 07076
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE T12 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE T12 • <$500k nonprofits • Source year 2021

Net Margin

80th percentile

53%

Higher net margin than 80% of similar nonprofits.

NTEE T12 • <$500k nonprofits • Source year 2021

Top Officer Pay

99th percentile

$0

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE T12 • <$500k nonprofits • Source year 2021

Asset Growth

70th percentile

24%

Faster asset growth than 70% of similar nonprofits.

NTEE T12 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

88th percentile

136%

Faster revenue growth than 88% of similar nonprofits.

NTEE T12 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$70,046

Up $13,704 (+24%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

$70,046

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue80th percentileNet Margin80th percentile

Revenue

Up

$25,952

Up $14,952 (+136%) from 2020

Expenses

Up

$12,248

Up $6,185 (+102%) from 2020

Net Income

Up

$13,704

Up $8,767 (+178%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2011: $5,640Liabilities 2011: $02011Assets 2012: $13,310Liabilities 2012: $02012Assets 2013: $21,036Liabilities 2013: $02013Assets 2014: $15,480Liabilities 2014: $02014Assets 2015: $16,083Liabilities 2015: $02015Assets 2016: $24,927Liabilities 2016: $02016Assets 2017: $35,271Liabilities 2017: $02017Assets 2018: $43,526Liabilities 2018: $02018Assets 2019: $51,405Liabilities 2019: $02019Assets 2020: $56,342Liabilities 2020: $02020Assets 2021: $70,046Liabilities 2021: $0Net Assets 2021: $70,0462021

Highlighted filing

2021

Assets$70,046
Liabilities$0
Net Assets$70,046
Open 2021 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30K$20K$10K$0-$10KRevenue 2011: $1,926Expenses 2011: $4,758Net Income 2011: -$2,8322011Revenue 2012: $13,182Expenses 2012: $5,512Net Income 2012: $7,6702012Revenue 2013: $11,760Expenses 2013: $4,034Net Income 2013: $7,7262013Revenue 2014: $1,434Expenses 2014: $6,991Net Income 2014: -$5,5572014Revenue 2015: $6,649Expenses 2015: $6,045Net Income 2015: $6042015Revenue 2016: $16,076Expenses 2016: $7,231Net Income 2016: $8,8452016Revenue 2017: $15,342Expenses 2017: $4,998Net Income 2017: $10,3442017Revenue 2018: $14,997Expenses 2018: $6,741Net Income 2018: $8,2562018Revenue 2019: $15,781Expenses 2019: $7,902Net Income 2019: $7,8792019Revenue 2020: $11,000Expenses 2020: $6,063Net Income 2020: $4,9372020Revenue 2021: $25,952Expenses 2021: $12,248Net Income 2021: $13,7042021

Highlighted filing

2021

Revenue$25,952
Expenses$12,248
Net Income$13,704
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$70,046
Liabilities
$0
Net assets
$70,046
Revenue
$25,952
Expenses
$12,248
Net income
$13,704
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$70.0$0.00$70.0$26.0$12.2$13.7
2020Summary only. Only limited summary data is available for this year.$56.3$0.00$11.0$6.06$4.94
2019Summary only. Only limited summary data is available for this year.$51.4$0.00$15.8$7.90$7.88
2018Summary only. Only limited summary data is available for this year.$43.5$0.00$15.0$6.74$8.26
2017Summary only. Only limited summary data is available for this year.$35.3$0.00$15.3$5.00$10.3
2016Summary only. Only limited summary data is available for this year.$24.9$0.00$16.1$7.23$8.85
2015Summary only. Only limited summary data is available for this year.$16.1$0.00$6.65$6.05$0.60
2014Summary only. Only limited summary data is available for this year.$15.5$0.00$1.43$6.99$5.56
2013Summary only. Only limited summary data is available for this year.$21.0$0.00$11.8$4.03$7.73
2012Summary only. Only limited summary data is available for this year.$13.3$0.00$13.2$5.51$7.67
2011Summary only. Only limited summary data is available for this year.$5.64$0.00$1.93$4.76$2.83
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Apr 17, 2022
Return Version
2020v4.0
Mission and Program Overview

Mission

Provide financial scholarships to college bound high school seniors from local community based educational institutions

Program Services

DescriptionGrantsExpenses
Scholarships for College bound High school seniors via WGH Greg Hackett and Kappa League$9,396-
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd LovettChairman-$0--
Filing and Contact Details

Filer

Filer Name
Legacy Foundation Incorporated
EIN
20-5027307
Address
2560 U S HWY 22 303, SCOTCH PLAINS, NJ 07076

Signing Officer

Name
Todd Lovett
Title
Chairman
Signed
2022-04-17
Supplemental Narrative

Additional Explanations

Schedule O:

“NA”

Raw XML Appendix163 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0Todd Lovett
IRS990EZ/BooksInCareOfDetail/PhoneNum07327548635
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt035 Oloughlin Drive
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0South Plainfield
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd007080
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt056342
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt070046
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CntrctRcvdGreaterThan100KCnt00
IRS990EZ/ContributionsGiftsGrantsEtcAmt020403
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt013704
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt00
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt056342
IRS990EZ/Form990TotalAssetsGrp/EOYAmt070046
IRS990EZ/FundraisingGrossIncomeAmt05549
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt09396
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LoansToFromOfficersAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt056342
IRS990EZ/NetAssetsOrFundBalancesEOYAmt070046
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt056342
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt070046
IRS990EZ/OccupancyRentUtltsAndMaintAmt0694
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt03
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Todd Lovett
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt00
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Provide financial scholarships to college bound high school seniors from local community based educational institutions
IRS990EZ/PrintingPublicationsPostageAmt02158
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Scholarships for College bound High school seniors via WGH Greg Hackett and Kappa League
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt09396
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt05549
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt012248
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt025952
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlDecidingGrntFrgnOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SubstitutionBeyondOrgCntlInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgClassDesignatedInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportForeignOrgNoDetermInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt025952
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt011000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt015781
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt014997
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt016381
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt084111
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01
IRS990ScheduleA/PublicSupportPY170Pct00
IRS990ScheduleA/PublicSupportPY509Pct01
IRS990ScheduleA/PublicSupportTotal509Amt084111
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt025952
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt011000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt015781
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt014997
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt016381
IRS990ScheduleA/Total509Grp/TotalAmt084111
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt025952
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt011000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt015781
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt014997
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt016381
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt084111
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NA
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule O:
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Todd Lovett
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEGACY FOUNDATION INCORPORATED
ReturnHeader/Filer/BusinessNameControlTxt0LEGA
ReturnHeader/Filer/EIN0205027307
ReturnHeader/Filer/USAddress/AddressLine1Txt02560 U S HWY 22 303
ReturnHeader/Filer/USAddress/CityNm0SCOTCH PLAINS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007076
ReturnHeader/ReturnTs02022-04-17T20:30:02Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

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