Liabilities / Assets
95th percentile
Higher debt load relative to assets than 95% of similar nonprofits.
EIN 54-1869002 • 501(c)3 • Richmond, VA
Profile
To bring together leading professionals in the film and television industry, outstanding educators, and young men and women who wish to pursue the entertainment media as their life's work. By means of its programs, the institute seeks to promote excellence and accountability thoughout the process of creating media that reflects a diverse global society.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
95th percentile
Higher debt load relative to assets than 95% of similar nonprofits.
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
4th percentile
Higher net margin than 4% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
25th percentile
Faster asset growth than 25% of similar nonprofits.
Revenue Growth
5th percentile
Faster revenue growth than 5% of similar nonprofits.
Assets
Down$21,086
Down $8,534 (-29%) from 2023
Liabilities
Flat$28,744
Flat from 2023
Net Assets
Down-$7,658
Down $8,534 (-974%) from 2023
Revenue
Down$1,842
Down $39,135 (-96%) from 2023
Expenses
Down$10,376
Down $8,880 (-46%) from 2023
Net Income
Down-$8,534
Down $30,255 (-139%) from 2023
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
To bring together leading professionals in the film and television industry, outstanding educators, and young men and women who wish to pursue the entertainment media as their life's work. By means of its programs, the institute seeks to promote excellence and accountability thoughout the process of creating media that reflects a diverse global society.
| Description | Grants | Expenses |
|---|---|---|
| LEGACY MEDIA INSTITUTE PROVIDES A SUPPORT SYSTEM FOR DIVERSE, INDEPENDENT MINDED CREATIVE TALENT; AND AN AUTHORITATIVE SOURCE OF MARKET RESEARCH ON THE TASTES, INTERESTS, MEDIA USAGE, CONSUMER PATTERNS, AND DEMOGRAPHICS FOR A MULTI-CULTURAL AUDIENCE. IN ADDITION, THROUGH ITS LABS AND SEMINARS, THE INSTITUTE BRINGS EMERGING ARTISTS TOGETHER WITH ESTABLISHED INDUSTRY PROFESSIONALS. | $0 | $4,484 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DAPHNE REID | VP/Treasurer | - | $0 | - | - |
| IRIS HOLLIDAY | Director | - | $0 | - | - |
| TINA WALLS | Director | - | $0 | - | - |
| TREVON FACEY | Director | - | $0 | - | - |
| TIMOTHY L REID | President | PT | $0 | - | - |
“Description: interest earned. Amount: 695.”
“Description: other operations expenses. Amount: 225. Description: travel expenses. Amount: 1,968. Description: fashion show expenses. Amount: 1,691. Description: liability insurance. Amount: 600. Total to form 990-ez, line 16: 4,484.”
“Description: due to affiliate. Beg. Of year amount: 28,744. End of year amount: 28,744.”
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/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | TIMOTHY L REID |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8044511317 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1704 PARKWOOD AVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | RICHMOND |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 23220 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 29620 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 21086 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 1147 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -8534 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 5850 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 29620 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 21086 |
| IRS990EZ/GrossReceiptsAmt | 0 | 1842 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 876 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -7658 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 876 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -7658 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 15.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DAPHNE REID |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | IRIS HOLLIDAY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | TINA WALLS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | TREVON FACEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | TIMOTHY L REID |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | VP/TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 4484 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 695 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO BRING TOGETHER LEADING PROFESSIONALS IN THE FILM AND TELEVISION INDUSTRY, OUTSTANDING EDUCATORS, AND YOUNG MEN AND WOMEN WHO WISH TO PURSUE THE ENTERTAINMENT MEDIA AS THEIR LIFE'S WORK. BY MEANS OF ITS PROGRAMS, THE INSTITUTE SEEKS TO PROMOTE EXCELLENCE AND ACCOUNTABILITY THOUGHOUT THE PROCESS OF CREATING MEDIA THAT REFLECTS A DIVERSE GLOBAL SOCIETY. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 42 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | LEGACY MEDIA INSTITUTE PROVIDES A SUPPORT SYSTEM FOR DIVERSE, INDEPENDENT MINDED CREATIVE TALENT; AND AN AUTHORITATIVE SOURCE OF MARKET RESEARCH ON THE TASTES, INTERESTS, MEDIA USAGE, CONSUMER PATTERNS, AND DEMOGRAPHICS FOR A MULTI-CULTURAL AUDIENCE. IN ADDITION, THROUGH ITS LABS AND SEMINARS, THE INSTITUTE BRINGS EMERGING ARTISTS TOGETHER WITH ESTABLISHED INDUSTRY PROFESSIONALS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 4484 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | VA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 28744 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 28744 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 10376 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 4484 |
| IRS990EZ/TotalRevenueAmt | 0 | 1842 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | HTTPS://WWW.FACEBOOK.COM/GROUPS/185331918179986 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 1147 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2681 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 7000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 11760 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 24300 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 46888 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 695 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 695 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 97535 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.85830 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.90760 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 40840 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 6048 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 1147 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2681 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 7000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 11760 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 24300 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 46888 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 47583 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST EARNED. AMOUNT: 695. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: OTHER OPERATIONS EXPENSES. AMOUNT: 225. DESCRIPTION: TRAVEL EXPENSES. AMOUNT: 1,968. DESCRIPTION: FASHION SHOW EXPENSES. AMOUNT: 1,691. DESCRIPTION: LIABILITY INSURANCE. AMOUNT: 600. TOTAL TO FORM 990-EZ, LINE 16: 4,484. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: DUE TO AFFILIATE. BEG. OF YEAR AMOUNT: 28,744. END OF YEAR AMOUNT: 28,744. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | TIMOTHY L REID |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8044511317 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-08-21 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LEGACY MEDIA INSTITUTE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LEGA |
| ReturnHeader/Filer/EIN | 0 | 541869002 |
| ReturnHeader/Filer/PhoneNum | 0 | 8044511317 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1704 PARKWOOD AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | RICHMOND |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 23220 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 540504608 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BROWN EDWARDS & COMPANY LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 810 SOUTHPARK BLVD 2ND FLOOR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | COLONIAL HEIGHTS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 23834 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8047335566 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KELLI VANCE |
| ReturnHeader/ReturnTs | 0 | 2025-08-22T13:19:34-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
No mirrored PDF or thumbnail assets are attached yet.