The Legacy Cellar Foundation

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

EIN: 843243945 ✦ Laguna hills, CA ✦ Designated as a 501(c)(3)

Overview

What is The Legacy Cellar Foundation?

The Legacy Cellar Foundation is a 501c3 nonprofit organization dedicated to transforming valuable wine collections into charitable contributions. By authenticating and liquidating these collections, the foundation aims to introduce a new funding source to the philanthropic sector, thereby amplifying its positive impact. The foundation operates as a donor-advised fund, ensuring that curated wine collections will continue to be appreciated by future wine enthusiasts. The Legacy Cellar Foundation also collaborates with organizations like the Sea Shepherd Conservation Society, further contributing to its philanthropic endeavors.


Official website here: www.legacycellar.org/

Is The Legacy Cellar Foundation legitimate?

The Legacy Cellar Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Legacy Cellar Foundation 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: $120,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,653

For more financial information, click here


Official website here: www.legacycellar.org/

What is the mission statement of The Legacy Cellar Foundation?

The Legacy Cellar Foundation, as a 501c3 donor-advised fund, is committed to converting wine collections into charitable donations. This mission aims to unlock a previously untapped source of funding in the philanthropic sector, thereby enhancing its ability to create a more significant positive impact. By collecting, authenticating, and liquidating wine collections, the foundation ensures that curated collections will continue to be appreciated by future wine enthusiasts. Its operations allow for these collections to be donated to various charitable causes, thereby expanding the reach and impact of philanthropic efforts.


Official website here: www.legacycellar.org/

Who is the CEO of The Legacy Cellar Foundation?

Garth Hodgdon Director is the Director of The Legacy Cellar Foundation.


Official website here: www.legacycellar.org/

What is the revenue of The Legacy Cellar Foundation?

The Legacy Cellar Foundation's revenue in 2022 was $541,691.


Official website here: www.legacycellar.org/

Who are the executives of The Legacy Cellar Foundation and what are their salaries?

Here are 3 key members and their salaries:

    Garth Hodgdon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Cova (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Luce (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.legacycellar.org/

    Where can I find the form 990 for The Legacy Cellar Foundation?

    The The Legacy Cellar Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.legacycellar.org/

    Learn more at the official website: www.legacycellar.org/

    Mission Statement of The Legacy Cellar Foundation

    The Legacy Cellar Foundation, a 501c3 donor-advised fund, is committed to an distinctive mission. Its primary objective is to convert wine collections into charitable donations, thereby tapping into an untapped source of funding for the philanthropic sector. By doing so, the foundation aims to amplify its positive impact and guarantee that cherished wine collections will continue to be appreciated by future wine enthusiasts. The foundation undertakes the process of collecting, authenticating, and liquidating these wine collections, transforming them into valuable charitable contributions. In essence, The Legacy Cellar Foundation serves as a bridge, connecting the world of wine with the realm of philanthropy, ensuring that both continue to thrive and make a difference.

    Impact

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




    Wednesday, July 24, 2024

    The Legacy Cellar Foundation's impact lies in converting wine collections into charitable donations, unlocking a previously untapped source of funding for the philanthropic sector. By collecting, authenticating, and liquidating wine collections, they enable greater positive impact while ensuring that curated wine collections are enjoyed by future enthusiasts. Through their work, they facilitate donations that support various charitable causes, contributing to the betterment of society and the environment.





    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: $0
  • Program Service Revenue: $0
  • Gross Receipts: $541,691

    • Assets and Liabilities:
  • Total Assets: $254,515
  • Total Liabilities: $141,374
  • Net Assets: $113,141
  • Organization Details

    Founding Year

    2020

    Principal Officer

    Garth Hodgdon Director

    Main Address

    23091 Mill Creek Drive, Laguna Hills, CA, 92653

    NTEE Category

    Code: T31 - Philanthropy

    If you are a representative of The Legacy Cellar Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.