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FRIENDS OF LEGACY INC
BRONX, NY · EIN 850964002 · Form 990 · FY2024 · NTEE B11 · Education · Micro (<$100K)
revenue
$-568K
expenses
$630K
net assets
$-2.8M
employees
0
volunteers
3
program ratio
94%
mission · from form 990

THE ORGANIZATION WAS ESTABLISHED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO, AND FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE LEGACY COLLEGE PREPARATORY CHARTER SCHOOL IN THE STATE OF NEW YORK.

profile · synthesized from sources

FRIENDS OF LEGACY INC is a nonprofit organization based in New York that provides financial and technical support to the Legacy College Preparatory Charter School. Its primary purpose is to advance the educational and charitable goals of the school through supplementary funding and operational assistance. The organization operates exclusively in support of this single charter school.

named programs · 1 · from sources

What they call their work

Financial and Technical Support Program
Provides funding, resources, and operational expertise to support the educational mission of Legacy College Preparatory Charter School
activities · 1 group

What they do

  • Charter School Facilities Support 1 activity
    • Providing financial and technical support to Legacy College Preparatory Charter School
      Provides ongoing financial and technical assistance to Legacy College Preparatory Charter School to advance its educational and charitable objectives.
financials · form 990 · fy2024
revenue
Total revenue$-568K
Contributions & grants$0—
Program service revenue$0—
Investment income$0—
Other revenue$-568K
expenses
Total expenses$630K
Program expenses94%
Admin / overhead6%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$62.94M
Cash$124K
Investments$0
Liabilities$65.69M
Net assets$-2.75M
Liquid reserves2.4 mo
4 years on record · 2020–2024
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • CATHERINE HAUSMANN — BOARD CHAIR
  • MICHAEL RAKITER — TREASURER
  • YVONNE GUIELLEN — SECRETARY
relationships · 1

Who they work with

  • Legacy College Preparatory Charter School Partner — Primary beneficiary of financial and technical support
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.