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Nonprofit · EIN 27-4351197

LEGACY BROADCASTING INC

Tax-exempt · POST FALLS, ID 83877

Financials

$294K$284K2023$357K$335K2024
Revenue Expenses · by fiscal year end
Financials of LEGACY BROADCASTING INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$357,306$334,644$22,662$177,079$376,704-$199,625
December 31, 2023990$293,535$284,004$9,531$159,261$381,548-$222,287
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$357,280
Program service revenue
$0
Investment income
$26
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$42,285
Other salaries and wages
$20,084
Salaries, compensation and benefits (total)
$67,745
Professional fundraising fees
$0
Legal fees
$4,000
Accounting fees
$6,450
Occupancy
$103,709
Travel
$4,107
Depreciation
$21,558
Program services (functional)
$223,925
Management and general (functional)
$110,719

Balance sheet and other

Total assets, start of year
$159,261
Total assets, end of year
$177,079
Total liabilities, end of year
$376,704
Net assets, end of year
-$199,625
Land, buildings and equipment
$17,339
Net assets without donor restrictions
-$199,625
Gross receipts
$357,306
Employees
8
Year formed
2020
State of legal domicile
ID

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 / weekCompensation
Karla LancasterSecretary
Trustee or director
15$21,364
Walter LancasterExecutive Dir.
Trustee or director
40$12,903
Harold LambertTreasurer
Trustee or director
0$0
Linda LambertDirector
Trustee or director
0$0
John SchroederDirector
Trustee or director
0$0
Ron Vander GriendDirector
Trustee or director
0$0
Valerie Vander GriendDirector
Trustee or director
0$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Karla LancasterTreasurer
Trustee or director
15$13,118
Walter LancasterDirector
Trustee or director
40$12,903
John SchroederDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
PO BOX 998, POST FALLS, ID 83877-0998
Principal officer (990 for 2024)
Walter Lancaster, PO BOX 998, POST FALLS, ID 83877
Signed the 990
Walter Lancaster, Executive Director
Phone
(208) 659-5654
Return prepared by
ADEPT BUSINESS SERVICES

Mission

Legacy Broadcasting's mission is to disseminate the Gospel of Jesus Christ through the electronic or radio broadcast of programming, including educational material, music, and other related programming.

990 for the year ended December 31, 2024

Program accomplishments

  • Legacy Broadcasting was on the air for 365 days in the 2023 calendar year. Throughout this time the gospel of Jesus Christ was shared via music, educational teaching, and other programming.
    Expenses $223,925

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
27-4351197
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$177,079
Income (IRS master file)
$357,306

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$357,306$334,644$177,079XML
990December 2023$293,535$284,004$159,261XML
990-EZDecember 2022–––IRS
990December 2021–––IRS
990-EZDecember 2020–––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 27-4351197).

Questions about LEGACY BROADCASTING INC

What is the EIN of LEGACY BROADCASTING INC?
The employer identification number (EIN) of LEGACY BROADCASTING INC is 27-4351197.
Is LEGACY BROADCASTING INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to LEGACY BROADCASTING INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LEGACY BROADCASTING 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 LEGACY BROADCASTING 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 LEGACY BROADCASTING 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 LEGACY BROADCASTING INC?
The 990 for the year ended December 31, 2024 names Walter Lancaster.
Who are the officers and directors of LEGACY BROADCASTING INC?
The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $21,364 (Karla Lancaster, Secretary).
How much revenue does LEGACY BROADCASTING INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $357,306, expenses of $334,644 and total assets of $177,079 at year end.

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