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Legacy Institute For Finacial Education

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471941953 ✦ Lufkin, TX ✦ Designated as a 501(c)(3)

Overview

What is Legacy Institute For Finacial Education?

The Legacy Institute for Financial Education is a nonprofit organization situated in Lufkin, Texas. Their primary focus is to promote financial literacy by offering workshops and individualized coaching. The curriculum covers various topics such as money management, budgeting, saving, credit improvement, homeownership, and investments. Their mission is to foster economic stability and generate wealth across generations by educating individuals on financial matters. The institution employs a team of 11 dedicated individuals.


Official website here: www.legacy-institute.org

Is Legacy Institute For Finacial Education legitimate?

Legacy Institute For Finacial Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Institute For Finacial Education submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $351,909

For more financial information, click here


Official website here: www.legacy-institute.org

What is the mission statement of Legacy Institute For Finacial Education?

The Legacy Institute for Financial Education is dedicated to promoting financial literacy, fostering economic stability, and establishing generational wealth. They accomplish this goal by offering personal finance and investment education through workshops and individualized coaching. The curriculum covers various topics such as understanding money, budgeting, saving, improving credit scores, homeownership, investing, and more. The aim is to equip individuals with the necessary financial skills to secure their financial future and build wealth for future generations.


Official website here: www.legacy-institute.org

Who is the CEO of Legacy Institute For Finacial Education?

Reagan Mcclenny is the President of Legacy Institute For Finacial Education.


Official website here: www.legacy-institute.org

What is the revenue of Legacy Institute For Finacial Education?

Legacy Institute For Finacial Education's revenue in 2022 was $825,277.


Official website here: www.legacy-institute.org

Who are the executives of Legacy Institute For Finacial Education and what are their salaries?

The average compensation at Legacy Institute For Finacial Education during 2022 was $31,992. There are 11 employees and 8 volunteers at Legacy Institute For Finacial Education.

Here are 7 key members and their salaries:

    Reagan Mcclenny (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Walker (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martha Maldonado (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Krystal Riley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maxine Peters-Giles (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Monica Peters-Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Malcolm Deason (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.legacy-institute.org

    Where can I find the form 990 for Legacy Institute For Finacial Education?

    The Legacy Institute For Finacial Education’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.legacy-institute.org

    Learn more at the official website: www.legacy-institute.org

    Mission Statement of Legacy Institute For Finacial Education

    The Legacy Institute for Financial Education is dedicated to imparting financial literacy, fostering economic stability, and establishing generational wealth. Through workshops and individual coaching sessions, they offer comprehensive personal finance and investment education. Their curriculum encompasses a broad range of topics, including understanding money, budgeting, saving strategies, credit score improvement, homeownership, and investment options. The organization's goal is to equip individuals with the necessary skills to manage their finances effectively and build a secure financial future.

    Impact

    This information is meant to be a general summary of Legacy Institute For Finacial Education. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Legacy Institute For Financial Education's impact lies in its commitment to teaching financial literacy, creating economic stability, and building generational wealth. Through workshops and individualized coaching, the institute provides education on personal finance and investments, covering topics such as understanding money, budgeting, saving, improving credit scores, homeownership, investing, and more. This initiative in Lufkin, Texas, aims to empower individuals with the knowledge and tools necessary to secure their financial futures and positively impact their communities. With a focus on youth development, Legacy Institute For Financial Education is actively working to equip the next generation with essential financial skills for long-term success.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,032
  • Program Service Revenue: $101,708
  • Gross Receipts: $837,514

    • Assets and Liabilities:
  • Total Assets: $749,684
  • Total Liabilities: $680,730
  • Net Assets: $68,954
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    CONSULTING
    FINANCIAL COACHING

    Revenue

    $143

    LIFE SKILLS TRAINING

    Revenue

    $94,774

    MISC PROGRAM INCOME

    Revenue

    $6,791

    NLCSGP ADMINISTRATION

    Organization Details

    Founding Year

    2014

    Principal Officer

    Reagan Mcclenny

    Main Address

    504 W FRANK AVE, LUFKIN, TX, 75904

    NTEE Category

    Code: O99 - Youth development

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