Nonprofit · EIN 81-1162877
LEGACY COLLEGE INC
Tax-exempt · LYNCHBURG, VA 24501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $83,990 | $80,222 | $3,768 | $16,289 | $1,419 | $14,870 |
| December 31, 2023 | 990-EZ | $120,210 | $135,705 | -$15,495 | $58,653 | $26 | $58,627 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $83,990
Expenses
- Compensation of officers, directors and key employees
- $17,917
- Salaries, compensation and benefits (total)
- $43,959
- Professional fees and payments to contractors
- $9,567
- Other expenses
- $26,696
- Program services (functional)
- $61,689
Balance sheet and other
- Total assets, start of year
- $58,653
- Total assets, end of year
- $16,289
- Total liabilities, end of year
- $1,419
- Net assets, end of year
- $14,870
- Cash, savings and investments
- $16,289
- Gross receipts
- $83,990
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDY DUNTON | BOARD MEMBER | 0 | $17,917 |
| DARYL CONNER | CHAIRMAN | 0 | $0 |
| BILL DUNTON | BOARD MEMBER | 0 | $0 |
| REV JONATHAN SLOCUMB | BOARD MEMBER | 0 | $0 |
| DR ED BAUCHOU | BOARD MEMBER | 0 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDY DUNTON | BOARD MEMBER | 0.25 | $32,990 |
| DARYL CONNER | CHAIRMAN | 0.25 | $0 |
| BILL DUNTON | BOARD MEMBER | 0.25 | $0 |
| REV JONATHAN SLOCUMB | BOARD MEMBER | 0.25 | $0 |
| DR ED BAUCHOU | BOARD MEMBER | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 2713 CLOVER LANE, LYNCHBURG, VA 24501-0000
- Signed the 990-EZ
- RANDY DUNTON, BOARD MEMBER
- Phone
- (434) 841-9999
- Website
- LEGACY-EDU.ORG
- Return prepared by
- ABACUS BUSINESS CONSULTING LLC
Mission
LEGACY COLLEGE PROVIDES MULTIPLE OPTIONS TO PRODUCE ECONOMIC EMPOWERMENT FOR INDIVIDUALS THAT SUFFER FROM INTERGENERATIONAL POVERTY.
Program accomplishments
- THEY DO THIS BY PROVIDING OPPORTUNITIES FOR ACCREDITED ACADEMICS WITH LOCAL COMMUNITY COLLEGES, IMPROVEMENT COMMON LIFE SKILLS INCLUDING MONEY AND TIME MANAGEMENT, AND CAREER DEVELOPMENT INCOME.Expenses $50,782
- ALL OTHER LEGITMATE EXPENSES.Expenses $10,907
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 81-1162877
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $16,289
- Income (IRS master file)
- $83,990
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $83,990 | $80,222 | $16,289 | XML |
| 990-EZ | December 2023 | $120,210 | $135,705 | $58,653 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 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 81-1162877).
Questions about LEGACY COLLEGE INC
- What is the EIN of LEGACY COLLEGE INC?
- The employer identification number (EIN) of LEGACY COLLEGE INC is 81-1162877.
- Is LEGACY COLLEGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to LEGACY COLLEGE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEGACY COLLEGE 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 COLLEGE 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 COLLEGE INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of LEGACY COLLEGE INC?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $17,917 (RANDY DUNTON, BOARD MEMBER).
- How much revenue does LEGACY COLLEGE INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $83,990, expenses of $80,222 and total assets of $16,289 at year end.
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