Nonprofit · EIN 82-2620763
LEGACY INSTITUTE
Tax-exempt · COLORADO SPGS, CO 80903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $2,992,729 | $2,148,539 | $844,190 | $1,374,414 | $444,512 | $929,902 |
| August 31, 2024 | 990 | $620,178 | $1,634,096 | -$1,013,918 | $458,062 | $372,350 | $85,712 |
| August 31, 2023 | 990 | $655,245 | $1,764,991 | -$1,109,746 | $1,110,980 | $12,150 | $1,098,830 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $2,950,000
- Program service revenue
- $0
- Investment income
- $16,649
- Net rental income
- $26,080
- Other revenue
- $26,080
Expenses
- Grants and similar amounts paid
- $78,355
- Compensation of officers, directors and key employees
- $291,659
- Other salaries and wages
- $780,833
- Salaries, compensation and benefits (total)
- $1,311,079
- Professional fundraising fees
- $4,000
- Legal fees
- $9,380
- Accounting fees
- $37,434
- Occupancy
- $151,859
- Travel
- $98,368
- Depreciation
- $242
- Program services (functional)
- $1,871,884
- Management and general (functional)
- $153,100
- Fundraising (functional)
- $123,555
Balance sheet and other
- Total assets, start of year
- $458,062
- Total assets, end of year
- $1,374,414
- Total liabilities, end of year
- $444,512
- Net assets, end of year
- $929,902
- Land, buildings and equipment
- $4,607
- Net assets without donor restrictions
- $929,902
- Gross receipts
- $2,992,729
- Employees
- 7
- Volunteers
- 5
- Year formed
- 2017
- State of legal domicile
- CO
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ZACHARY MCCOMSEY | CEO Officer | 50 | $256,650 | $26,541 |
| DR LANCE BOLTON | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| DEBORAH HENDRIX | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| BART HOLADAY | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| KELSEY NOLAN | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| RYAN TRUJILLO | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
990 for the year ended August 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ZACHARY MCCOMSEY | CEO Officer | 50 | $256,650 | $30,836 |
| DR LANCE BOLTON | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| DEBORAH HENDRIX | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| BART HOLADAY | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| KELSEY NOLAN | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| RYAN TRUJILLO | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
990 for the year ended August 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Zachary McComsey | CEO Officer | 50 | $245,000 | $23,793 |
| Philip R Lane | Director Trustee or director | 5 | $0 | $0 |
| Bart Holaday | Director Trustee or director | 5 | $0 | $0 |
| Vance Brown | Director Trustee or director | 5 | $0 | $0 |
| Kelsey Nolan | Director Trustee or director | 5 | $0 | $0 |
| Deborah Hendrix | Director Trustee or director | 5 | $0 | $0 |
| Maureen Juran | Director Trustee or director | 5 | $0 | $0 |
| Lance Bolton | Director Trustee or director | 5 | $0 | $0 |
| Ryan Trujillo | Director Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 525 N TEJON ST, COLORADO SPGS, CO 80903-1109
- In care of
- % ZACHARY MCCOMSEY
- Principal officer (990 for 2024)
- ZACHARY MCCOMSEY, 525 N TEJON STREET, COLORADO SPRINGS, CO 80903
- Signed the 990
- ZACHARY MCCOMSEY, CEO
- Phone
- (719) 634-5566
- Website
- WWW.SPRINGSLEGACY.ORG
- Return prepared by
- SORREN INC
Mission
TO ADVANCE PUBLIC EDUCATION AND COMMUNITY DEVELOPMENT IN COLORADO SPRINGS.
Program accomplishments
- PUBLIC EDUCATION RELATED PROJECTS.Expenses $1,857,532 · grants $65,000
- SOCIAL IMPACT SERVICES: STRATEGIC PLANNING AND OPERATING SERVICES FOR COMMUNITY ORGANIZATIONS, PRIVATE FOUNDATIONS, AND SCHOOL DISTRICTS IN THE PIKES PEAK REGION FOCUSED ON INNOVATIVE APPROACHES TO SOCIAL IMPACT.Expenses $14,352 · grants $13,355
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 82-2620763
- 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
- 2017
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $1,374,414
- Income (IRS master file)
- $2,992,729
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $2,992,729 | $2,148,539 | $1,374,414 | XML |
| 990 | August 2024 | $620,178 | $1,634,096 | $458,062 | IRS |
| 990 | August 2023 | $655,245 | $1,764,991 | $1,110,980 | XML |
| 990 | August 2022 | $371,271 | $663,759 | $3,590,490 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 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 82-2620763).
Questions about LEGACY INSTITUTE
- What is the EIN of LEGACY INSTITUTE?
- The employer identification number (EIN) of LEGACY INSTITUTE is 82-2620763.
- Is LEGACY INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to LEGACY INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEGACY INSTITUTE 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 due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEGACY INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of LEGACY INSTITUTE?
- The 990 for the year ended August 31, 2025 names ZACHARY MCCOMSEY.
- Who are the officers and directors of LEGACY INSTITUTE?
- The 990 for the year ended August 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $256,650 (ZACHARY MCCOMSEY, CEO).
- How much revenue does LEGACY INSTITUTE have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $2,992,729, expenses of $2,148,539 and total assets of $1,374,414 at year end.
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