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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 87-1423567

LEGACY VENTURES

Also known as VENTUREONE

Tax-exempt · LAGRANGE, GA 30240

Financials

$511K$85K2024$0$119K2025
Revenue Expenses · by fiscal year end
Financials of LEGACY VENTURES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$0$118,580-$118,580$6,499$184,380-$177,881
December 31, 2024990 (amended)$511,131$84,892$426,239$512,982$86,118$426,864
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$0

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$58,770
Occupancy
$3,373
Other expenses
$56,437

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$6,499
Total liabilities, end of year
$184,380
Net assets, end of year
-$177,881
Cash, savings and investments
$6,499

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
LENWOOD COLEMANFOUNDER / CEO25$0
WES THORNVICE CHAIR / COO15$0
RANDALL LEONARDFINANCE CHAIR2$0
DOREEN VINESSECRETARY2$0
LINDA KILBYHEALTH & WELLNESS CHAIR2$0
TAMMY JOHNSONBOARD MEMBER1$0
JAMES VINESGOVERNANCE CHAIR1$0
DWAYNE LESILEATTORNEY1$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensation
LENWOOD COLEMANFOUNDER / CEO
Trustee or director
50$0
WES THORNVICE CHAIR/ COO
Trustee or director
15$0
RANDALL LEONARDFINANCE CHAIR
Trustee or director
2$0
LINDA KILBYHEALTH & WELLNESS CHAIR
Trustee or director
2$0
TAMMY JAMERSONBOARD MEMBER
Officer
1$0
JAMES VINESGOVERNANCE CHAIR
Trustee or director
1$0
DOREEN VINESSECRETARY
Officer
1$0
DWAYNE LESILEATTORNEY
Officer
1$0

Address and contacts

Address (IRS master file)
208 GORDON ST, LAGRANGE, GA 30240-2616
In care of
% LENWOOD COLEMAN
Mailing address (990-N for 2024)
1001 4TH STREET SW SUITE 704, WASHINGTON DC 20024
Principal officer (990-N for 2024)
LENWOOD COLEMAN, 1001 4TH STREET SW SUITE 409, WASHINGTON DC 20024
Signed the 990-EZ
LENWOOD COLEMAN, FOUNDER / CEO
Phone
(240) 246-6260
Return prepared by
Woody & Associates LLC

Mission

SOLAR ENERGY, WORK BASED LEARNING WORK FORCE DEVELOPMENT, LOW-MODERATE INCOME HOUSING

990-EZ for the year ended December 31, 2025

Program accomplishments

  • PROVIDE LOW TO MODERATE INCOME HOUSING FOR THE UNDERSERVED COMMUNITIES

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-N on file
2023December 31, 2023May 15, 2024990-N on file

File the 2026 990-N for LEGACY VENTURES

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
87-1423567
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
2021
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$6,499

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$0$118,580$6,499IRS
990-N for 2024
Officer: LENWOOD COLEMAN
December 31, 2024≤ $50,000 receipts––e-Postcard
990December 2024$511,131$84,892$512,982XML
990-N for 2023
Officer: LENWOOD COLEMAN
December 31, 2023≤ $50,000 receipts––e-Postcard
990-EZDecember 2022–––IRS
990-N for 2021
Officer: LENWOOD COLEMAN
December 31, 2021≤ $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 87-1423567).

Questions about LEGACY VENTURES

What is the EIN of LEGACY VENTURES?
The employer identification number (EIN) of LEGACY VENTURES is 87-1423567.
Is LEGACY VENTURES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to LEGACY VENTURES tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LEGACY VENTURES file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of LEGACY VENTURES due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LEGACY VENTURES last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who is the principal officer of LEGACY VENTURES?
The 990-N for 2024 names LENWOOD COLEMAN.
Who are the officers and directors of LEGACY VENTURES?
The 990-EZ for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does LEGACY VENTURES have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $0, expenses of $118,580 and total assets of $6,499 at year end.

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