Civic Intelligence

Legacy Media Institute

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.

1704 Parkwood AveRichmond, VA 23220

www.facebook.com/GROUPS/185331918179986

Siviq Scores

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

Liabilities / Assets

95th percentile

1.36x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

15.60x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

4th percentile

-463%

Higher net margin than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

25th percentile

-29%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-96%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

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

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0-$20K-$40KAssets 2011: $30,798Liabilities 2011: $02011Assets 2012: $49,957Liabilities 2012: $02012Assets 2013: $56,290Liabilities 2013: $02013Assets 2014: $32,770Liabilities 2014: $02014Assets 2015: $5,514Liabilities 2015: $02015Assets 2016: $9,941Liabilities 2016: $02016Assets 2017: $2,453Liabilities 2017: $02017Assets 2018: $5,343Liabilities 2018: $14,6402018Assets 2019: $6,276Liabilities 2019: $19,440Net Assets 2019: -$13,1642019Assets 2020: $19,628Liabilities 2020: $18,958Net Assets 2020: $6702020Assets 2021: $4,655Liabilities 2021: $18,958Net Assets 2021: -$14,3032021Assets 2022: $213Liabilities 2022: $21,058Net Assets 2022: -$20,8452022Assets 2023: $29,620Liabilities 2023: $28,744Net Assets 2023: $8762023Assets 2024: $21,086Liabilities 2024: $28,744Net Assets 2024: -$7,6582024

Highlighted filing

2024

Assets$21,086
Liabilities$28,744
Net Assets-$7,658

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $46,228Expenses 2011: $73,346Net Income 2011: -$27,1182011Revenue 2012: $95,137Expenses 2012: $75,978Net Income 2012: $19,1592012Revenue 2013: $190,085Expenses 2013: $177,587Net Income 2013: $12,4982013Revenue 2014: $160,956Expenses 2014: $179,960Net Income 2014: -$19,0042014Revenue 2015: $33,258Expenses 2015: $58,409Net Income 2015: -$25,1512015Revenue 2016: $31,825Expenses 2016: $28,230Net Income 2016: $3,5952016Revenue 2017: $12,133Expenses 2017: $19,621Net Income 2017: -$7,4882017Revenue 2018: $26,507Expenses 2018: $27,193Net Income 2018: -$6862018Revenue 2019: $30,953Expenses 2019: $34,820Net Income 2019: -$3,8672019Revenue 2020: $24,443Expenses 2020: $10,609Net Income 2020: $13,8342020Revenue 2021: $12,653Expenses 2021: $27,626Net Income 2021: -$14,9732021Revenue 2022: $10,820Expenses 2022: $17,362Net Income 2022: -$6,5422022Revenue 2023: $40,977Expenses 2023: $19,256Net Income 2023: $21,7212023Revenue 2024: $1,842Expenses 2024: $10,376Net Income 2024: -$8,5342024

Highlighted filing

2024

Revenue$1,842
Expenses$10,376
Net Income-$8,534

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.21$0.29$0.08$0.02$0.10$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.30$0.29$0.01$0.41$0.19$0.22
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.21$0.21$0.11$0.17$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.05$0.19$0.14$0.13$0.28$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.20$0.19$0.01$0.24$0.11$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.06$0.19$0.13$0.31$0.35$0.04
2018Summary only. Only limited summary data is available for this year.$0.05$0.15$0.27$0.27$0.01
2017Summary only. Only limited summary data is available for this year.$0.02$0.00$0.12$0.20$0.07
2016Summary only. Only limited summary data is available for this year.$0.10$0.00$0.32$0.28$0.04
2015Summary only. Only limited summary data is available for this year.$0.06$0.00$0.33$0.58$0.25
2014Summary only. Only limited summary data is available for this year.$0.33$0.00$1.61$1.80$0.19
2013Summary only. Only limited summary data is available for this year.$0.56$0.00$1.90$1.78$0.12
2012Summary only. Only limited summary data is available for this year.$0.50$0.00$0.95$0.76$0.19
2011Summary only. Only limited summary data is available for this year.$0.31$0.00$0.46$0.73$0.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 21, 2025
Return Version
2024v5.2
Gross Receipts
$1,842
Mission and Program Overview

Mission

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.

Program Services

DescriptionGrantsExpenses
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAPHNE REIDVP/Treasurer-$0--
IRIS HOLLIDAYDirector-$0--
TINA WALLSDirector-$0--
TREVON FACEYDirector-$0--
TIMOTHY L REIDPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Legacy Media Institute
EIN
54-1869002
Phone
8044511317
Address
1704 PARKWOOD AVE, RICHMOND, VA 23220

Signing Officer

Name
Timothy L Reid
Title
President
Phone
8044511317
Signed
2025-08-21
Discuss with paid preparer
Yes

Preparer

Firm
Brown Edwards & Company Llp
Address
810 SOUTHPARK BLVD 2ND FLOOR, COLONIAL HEIGHTS, VA 23834
Preparer
Kelli Vance
Phone
8047335566
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: interest earned. Amount: 695.

Form 990-ez, Part I, Line 16 - Other Expenses

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.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: due to affiliate. Beg. Of year amount: 28,744. End of year amount: 28,744.

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

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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE 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.
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