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Nonprofit · EIN 20-3547319

NEXSTAR LEGACY FOUNDATION INC

Tax-exempt · BLOOMINGTON, MN 55435

Financials

$1.3M$637K2023$880K$783K2024
Revenue Expenses · by fiscal year end
Financials of NEXSTAR LEGACY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$879,990$783,400$96,590$2,452,187$37,335$2,414,852
December 31, 2023990$1,255,516$637,394$618,122$2,255,099$59,235$2,195,864
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$688,531
Program service revenue
$0
Investment income
$115,125
Net income from fundraising events
$67,913
Other revenue
$76,334

Expenses

Grants and similar amounts paid
$246,446
Compensation of officers, directors and key employees
$141,729
Other salaries and wages
$93,271
Salaries, compensation and benefits (total)
$307,016
Professional fundraising fees
$0
Legal fees
$2,378
Accounting fees
$27,676
Occupancy
$8,624
Travel
$19,268
Program services (functional)
$491,619
Management and general (functional)
$108,899
Fundraising (functional)
$182,882

Balance sheet and other

Total assets, start of year
$2,255,099
Total assets, end of year
$2,452,187
Total liabilities, end of year
$37,335
Net assets, end of year
$2,414,852
Net assets without donor restrictions
$1,953,254
Net assets with donor restrictions
$461,598
Gross receipts
$1,255,379
Employees
3
Volunteers
10
Year formed
2005
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
KATHERINE CINNAMOEXECUTIVE DIRECTOR
Officer
40$0$141,729
LARA BELTZPRESIDENT
Trustee or director, Officer
1$0$0
PEGGY HILDEBRANDTVICE PRESIDENT
Trustee or director, Officer
1$0$0
LAUREN MARTINTREASURER
Trustee or director, Officer
1$0$0
MIKE BERGSTROMSECRETARY
Trustee or director, Officer
1$0$0
JULIAN SCADDENTRUSTEE, EX-OFFICIO
Trustee or director
1$0$0
ANTHONY CACCIATRUSTEE
Trustee or director
1$0$0
MARTY CULLENTRUSTEE
Trustee or director
1$0$0
PHIL SMITHERMANTRUSTEE
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KATHERINE CINNAMOEXECUTIVE DIRECTOR
Officer
40$0$99,800$28,822
LARA BELTZPRESIDENT
Trustee or director, Officer
1$0$0$0
MARTY CULLENTRUSTEE
Trustee or director, Officer
1$0$0$0
JULIAN SCADDENTRUSTEE EX-OFFICIO
Trustee or director
1$0$0$0
PEGGY HILDEBRANDTVICE PRESIDENT
Trustee or director, Officer
1$0$0$0
MIKE BERGSTROMSECRETARY
Trustee or director, Officer
1$0$0$0
PHIL SMITHERMANTRUSTEE
Trustee or director
1$0$0$0
ANTHONY CACCIATRUSTEE
Trustee or director
1$0$0$0
LAUREN MARTINTREASURER
Officer
1$0$0$0

Address and contacts

Address (IRS master file)
7760 FRANCE AVE S STE 600, BLOOMINGTON, MN 55435-5833
In care of
% TONY FLAMINIO
Principal officer (990 for 2024)
KATE CINNAMO, 7760 FRANCE AVENUE SOUTH 600, BLOOMINGTON, MN 55435
Signed the 990
KATE CINNAMO, EXECUTIVE DIRECTOR
Phone
(651) 789-8518
Return prepared by
SMITH SCHAFER & ASSOCIATES LTD

Mission

TO BRIDGE THE TECHNICAL TALENT GAP IN THE SERVICE TRADES OF PLUMBING, HEATING, COOLING AND ELECTRIC. PROVIDE FREE CAREER INFORMATION AND MATERIALS TO EDUCATORS FOR USE WITH STUDENTS. THE FOUNDATION WILL ALSO PROVIDE FREE MATERIALS AND COLLATERAL FOR CONTRACTORS TO USE IN THEIR RECRUITING EFFORTS AND ALSO ASSIST JOB SEEKERS IN IDENTIFYING POTENTIAL PLACES OF EMPLOYMENT.

990 for the year ended December 31, 2024

Program accomplishments

  • THE FOUNDATION'S PURPOSE IS TO BRIDGE THE TECHNICAL TALENT GAP IN THE SERVICE TRADES OF PLUMBING, HEATING, COOLING AND ELECTRICAL. DURING 2024, THE FOUNDATION PROVIDED FREE MATERIALS TO EDUCATORS FOR THE PURPOSE OF EDUCATING STUDENTS ABOUT TRADES PROFESSIONS AND FREE KITS OF MATERIALS FOR CONTRACTORS FOR USE IN RECRUITING. THE FOUNDATION ALSO PROVIDED INFORMATION TO THOSE NEW TO THE TRADES ABOUT BECOMING A LICENSED PROFESSIONAL.
    Expenses $491,619 · grants $246,446

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-3547319
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2006
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$2,452,187
Income (IRS master file)
$1,255,379

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$879,990$783,400$2,452,187IRS
990December 2023$1,255,516$637,394$2,255,099XML
990December 2022$517,946$429,116$1,446,176IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3547319).

Questions about NEXSTAR LEGACY FOUNDATION INC

What is the EIN of NEXSTAR LEGACY FOUNDATION INC?
The employer identification number (EIN) of NEXSTAR LEGACY FOUNDATION INC is 20-3547319.
Is NEXSTAR LEGACY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to NEXSTAR LEGACY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEXSTAR LEGACY FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NEXSTAR LEGACY FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEXSTAR LEGACY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEXSTAR LEGACY FOUNDATION INC?
The 990 for the year ended December 31, 2024 names KATE CINNAMO.
Who are the officers and directors of NEXSTAR LEGACY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does NEXSTAR LEGACY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $879,990, expenses of $783,400 and total assets of $2,452,187 at year end.

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