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Nonprofit · EIN 47-1941953

LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT

Tax-exempt · LUFKIN, TX 75904

Financials

$927K$1M2023$1.2M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,154,649$1,138,948$15,701$828,455$821,600$6,855
December 31, 2023990$927,122$1,018,346-$91,224$719,800$728,646-$8,846
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,116,065
Program service revenue
$32,912
Investment income
$4,098
Other revenue
$1,574

Expenses

Grants and similar amounts paid
$200
Compensation of officers, directors and key employees
$0
Other salaries and wages
$589,803
Salaries, compensation and benefits (total)
$658,945
Professional fundraising fees
$0
Legal fees
$37,588
Accounting fees
$48,840
Occupancy
$18,754
Depreciation
$37,695
Program services (functional)
$884,426
Management and general (functional)
$252,043
Fundraising (functional)
$2,479

Balance sheet and other

Total assets, start of year
$719,800
Total assets, end of year
$828,455
Total liabilities, end of year
$821,600
Net assets, end of year
$6,855
Land, buildings and equipment
$562,998
Net assets without donor restrictions
-$376,297
Net assets with donor restrictions
$383,152
Gross receipts
$1,154,649
Employees
10
Volunteers
18
Year formed
2014
State of legal domicile
TX

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
WENDY WALKERPresident
Trustee or director, Officer
2$0
TIM WALKERSecretary
Trustee or director, Officer
2$0
MARTHA MALDONADOVice President
Trustee or director, Officer
1$0
KRYSTAL RILEYDirector
Trustee or director
1$0
MAXINE PETERS-GILESDirector
Trustee or director
1$0
MONICA PETERS-CLARKDirector
Trustee or director
1$0
CLAUDIA VALLADARESTreasurer
Trustee or director
1$0
SELLESTINE HUNTDirector
Trustee or director
1$0
FRED KANKEDirector
Trustee or director
1$0
BRENT MCCLAINDirector
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
REAGAN McCLENNYPresident
Trustee or director, Officer
2$0
TIM WALKERSecretary
Trustee or director, Officer
2$0
MARTHA MALDONADOVice President
Trustee or director, Officer
1$0
KRYSTAL RILEYDirector
Trustee or director
1$0
MAXINE PETERS-GILESDirector
Trustee or director
1$0
MONICA PETERS-CLARKDirector
Trustee or director
1$0
MALCOLM DEASONTreasurer
Trustee or director, Officer
3$0

Address and contacts

Address (IRS master file)
1221 ABNEY AVE, LUFKIN, TX 75904-2865
In care of
% JOSEPH CEASAR
Mailing address (990-N for 2016)
211 E Shepherd Ave Ste 104, Lufkin TX 75901
Principal officer (990-N for 2016)
Joseph Ceasar, 211 E Shepherd Ave Ste 104, Lufkin TX 75901
Signed the 990
JOSEPH CEASAR, Executive Director
Phone
(936) 209-2085
Return prepared by
Todd Hamaker & Johnson LLP

Mission

THE LEGACY INSTITUTE OF FINANCIAL EDUCATION EXISTS TO ECONOMICALLY MOBILIZE OUR COMMUNITY BY IMPROVING FINANCIAL STABILITY AND PROVIDING WORKFORCE DEVELOPMENT.

990 for the year ended December 31, 2024

Program accomplishments

  • LIFE FARMS - A SOCIAL ENTERPRISE THAT INCLUDES A 4 ACRE COMMUNITY GARDEN THAT FUNCTIONS AS A COMMUNITY SUPPORTED AGRICULTURE (CSA) PROJECT. THE PROJECT ALSO OPERATES A LAWN MAINTENANCE CREW TO PROVIDE JOBS FOR THE REENTRY POPULATION.
    Expenses $222,312
  • FINANCIAL OPPORTUNITIES CENTER (FOC) - LIFE PROVIDES PERSONAL FINANCE AND INVESTMENTS EDUCATION THROUGH WORKSHOPS AND INDIVIDUALIZED COACHING. THE CURRICULUM INCLUDES: UNDERSTANDING MONEY, BUDGETING, SAVING, IMPROVING CREDIT SCORES, HOMEOWNERSHIP, INVESTING, AND MORE.
    Expenses $173,982
  • LIFE WORKS- ENGAGING JUSTICE INVOLVED COMMUNITY MEMBERS IN ADULT EDUCATION PROGRAMS THROUGH ANGELINA COLLEGE TO PROVIDE UNIQUE SERVICES TO REENTER THE WORKPLACE.
    Expenses $169,787
  • LIFE TECH - A TECHNOLOGY ACCESS PROGRAM WHICH SERVES LOW TO MODERATE INCOME HOUSEHOLDS THROUGHOUT DEEP EAST TEXAS. THIS PROGRAM PARTNERS WITH THE DEEP EAST TEXAS REGIONAL HOUSING AUTHORITY (DETRHA) AND ANGELINA COLLEGE TO PROVIDE TRAINING AND LOW COST HARDWARE TO HOUSEHOLDS IN NEED WITH THE PURPOSE OF ENSURING EACH EAST TEXAS HOUSEHOLD HAS A COMPUTER AND ACCESS TO THE INTERNET. THIS PROGRAM ALSO PROVIDES INTERNSHIPS FOR COMMUNITY MEMBERS WHO ARE CONSIDERING A CAREER IN INFORMATION TECHNOLOGY (IT) AS THEY PURSUE THEIR COMPTIA A+ CERTIFICATION OR THEIR MICROSOFT TECHNOLOGY ASSOCIATE (MTA) CERTIFICATION.
    Expenses $142,784
  • LIFE BUILD - A WORKFORCE DEVELOPMENT TRAINING PROGRAM DESIGNED TO PRODUCE FUTURE LEADERS IN CARPENTRY. THE PROGRAM PROVIDES COMMUNITY MEMBERS WITH AN OPPORTUNITY TO EARN INDUSTRY-RECOGNIZED CERTIFICATIONS SUCH AS THE NCCER CORE, GENERAL CARPENTRY, AND ADVANCED CARPENTRY. PARTICIPANTS MAY ALSO HAVE AN OPPORTUNITY TO EARN A STIPEND WHILE THEY'RE LEARNING. COUPLED WITH THE TRAINING ASPECT OF LIFE BUILD IS A SOCIAL ENTERPRISE THAT WILL BUILD AFFORDABLE SINGLE FAMILY HOMES AND PROVIDE AFFORDABLE RENOVATIONS TO LOW-TO-MODERATE HOMEOWNERS.
    Expenses $140,539
  • LEF - LIFE EMPOWERMENT FUND -- SMALL DOLLAR LOAN PROGRAM DESIGNATED TO PROVIDE ACCESS TO CAPITAL TO THOSE WHO HAVE HISTORICALLY BEEN UNDER-SERVED (e.g. BIPOC, WOMEN, AND RURAL COMMUNITIES).
    Expenses $29,041
  • CEI -CENTER FOR ENTREPRENEURSHIP AND INNOVABATION IS A BUSINESS DEVELOPMENT OFFICE (BDO). THE PROJECT HELPS ASPIRING AND EXISTING ENTREPRENEURS BRING THEIR IDEAS TO MARKET. THE GOAL IS TO HELP OUR CLIENTS THINK THROUGH THE PROCESS OF WHAT IT WOULD TAKE TO BEGIN THEIR BUSINESS, SELECT AN APPROPRIATE CORPORATE STRUCTURE WITH THE HELP OF AN ATTORNEY, GAIN ACCESS TO AFFORDABLE CAPITAL ECT. WE PARTNER WITH ATTORNEYS, CPAS, AND THE SMALL BUSINESS DEVELOPMENT CENTER (SBDC).
    Expenses $5,981
  • THE JUZI SPOT - A FRUIT JUICE AND SMOOTHIE BAR WHICH PROVIDES INTERNSHIP OPPORTUNITIES FOR THOSE WHO WISH TO PURSUE A CAREER IN FOOD SERVICES.
  • GENERATION A - YOUTH MENTORSHIP PROGRAM FOCUSING ON 6TH - 12TH GRADE STUDENTS WHO HAVE BEEN CATEGORIZED BY THE SCHOOL DISTRICT AS LOW SOCIOECONOMIC (LSEC), ECONOMICALLY DISADVANTAGED, OR AT RISK. THIS PROGRAM PROVIDES SERVICES TO ITS STUDENTS FROM 6TH GRADE UNTIL GRADUATION. SERVICES INCLUDE TUTORING, FINANCIAL LITERACY, GOAL SETTING, FINANCING COLLEGE, ENTREPRENEURSHIP, AND MORE

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
47-1941953
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
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$828,455
Income (IRS master file)
$1,154,649

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,154,649$1,138,948$828,455IRS
990December 2023$927,122$1,018,346$719,800XML
990December 2022$825,277$820,706$749,684IRS
990December 2021–––IRS
990December 2018–––IRS
990-N for 2016
Officer: Joseph Ceasar
December 31, 2016≤ $50,000 receipts––e-Postcard

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 47-1941953).

Questions about LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT

What is the EIN of LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT?
The employer identification number (EIN) of LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT is 47-1941953.
Is LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT 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 INSTITUTE FOR FINANCIAL EMPOWERMENT 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 INSTITUTE FOR FINANCIAL EMPOWERMENT 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 INSTITUTE FOR FINANCIAL EMPOWERMENT?
The 990-N for 2016 names Joseph Ceasar.
Who are the officers and directors of LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,154,649, expenses of $1,138,948 and total assets of $828,455 at year end.

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