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THE LEGACY INSTITUTE OF FINANCIAL EDUCATION EXISTS TO ECONOMICALLY MOBILIZE OUR COMMUNITY BY IMPROVING FINANCIAL STABILITY AND PROVIDING WORKFORCE DEVELOPMENT.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$1.2M
Program Spending
78%
of total expenses go to program services
Total Contributions
$1.1M
Total Expenses
▼$1.1M
Total Assets
$828.5K
Total Liabilities
▼$821.6K
Net Assets
$6,855
Officer Compensation
→$0
Other Salaries
$589.8K
Investment Income
$4,098
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$0
Awards Found
1
Corporation for National and Community Service
$0
LEGACY INSTITUTE FOR FINANCIAL EDUCATION (LIFE) EXISTS TO TEACH FINANCIAL LITERACY, CREATE ECONOMIC STABILITY, AND BUILD GENERATIONAL WEALTH. GIVEN OUR COMMITMENT TO TEACHING FINANCIAL LITERACY TO ECONOMICALLY DISADVANTAGED HOUSEHOLDS, LIFE'S PROPOSED VISTA PROJECT ALIGNS WITH THE ECONOMIC OPPORTUNITY FOCUS AREA. THE VISTA PROJECT WILL SEEK TO IMPROVE FINANCIAL LITERACY AND INCREASE EMPLOYABILITY AMONG OUR TARGET DEMOGRAPHIC AND EXPECTS TO BENEFIT OVER 500 RESIDENTS OF LUFKIN, TX AND ANGELINA COUNTY, TX. THE THREE REQUESTED VISTA MEMBERS WILL CONTRIBUTE TO THE GOALS OF THE PROJECT BY PERFORMING ACTIVITIES SUCH AS IMPROVING VOLUNTEER RECRUITING EFFORTS, INCREASING COMMUNITY ENGAGEMENT, AND ASSISTANCE WITH LIFE'S EFFORTS TO EXPAND INTO SURROUNDING COMMUNITIES OVER THE COURSE OF A 15 MONTH PROJECT PERIOD BEGINNING SEPTEMBER 1, 2019 AND ENDING DECEMBER 1, 2020 WHICH INCLUDES AN ALLOCATION OF TIME TO BE DEDICATED TO THE RECRUITMENT OF QUALIFIED VISTAS.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
990-N (e-Postcard) Filing History
This organization files simplified Form 990-N (annual gross receipts ≤ $50,000).
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $1.2M | $1.1M | $1.1M | $828.5K | $6,855 |
| 2023IRS e-File | $927.1K | $762.1K | $1M | $719.8K | -$8,846 |
| 2022 | $825.3K | $731.1K | $820.7K | $749.7K | $69K |
| 2021 | $542.9K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Wendy Walker | President | 2 | $0 | $0 | $0 | $0 |
| Tim Walker | Secretary | 2 | $0 | $0 | $0 | $0 |
| Martha Maldonado | Vice President | 1 | $0 | $0 | $0 | $0 |
Wendy Walker
President
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Tim Walker
Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Martha Maldonado
Vice President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Brent Mcclain | Director | 1 | $0 | $0 | $0 | $0 |
| Claudia Valladares | Treasurer | 1 | $0 | $0 | $0 | $0 |
| Fred Kanke | Director | 1 | $0 | $0 | $0 | $0 |
| Krystal Riley | Director | 1 | $0 | $0 | $0 | $0 |
| Maxine Peters-Giles | Director | 1 | $0 | $0 | $0 | $0 |
| Monica Peters-Clark | Director |
Brent Mcclain
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Claudia Valladares
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Fred Kanke
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $562.2K |
| $607.6K |
| $771.4K |
| $41.4K |
| 2020 | $525.6K | $452.5K | $403.8K | $419.2K | $106K |
| 2019 | $269.2K | $169.5K | $314.6K | $176.7K | -$16.7K |
| 2018 | $150.3K | $138K | $128.2K | $156.1K | $28.6K |
| 2017 | $13.5K | $12.6K | $15.9K | $7,104 | $6,618 |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data | PDF not yet published by IRS |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Sellestine Hunt | Director | 1 | $0 | $0 | $0 | $0 |
Krystal Riley
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Maxine Peters-Giles
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Monica Peters-Clark
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sellestine Hunt
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0