Legends & Legacies Foundation in Chicago, Illinois (IL)

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Legends & Legacies Foundation
Employer Identification Number (EIN)462123244
Name of OrganizationLegends & Legacies Foundation
In Care of NameDavid Cooper
Address401 N May Street, Chicago, IL 60642
SubsectionEducational Organization, Charitable Organization
Ruling Date07/2013
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2014
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$6,281
Amount of Income$46,156
Form 990 Revenue Amount$46,156
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Museum, Museum Activities


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Amount of income in 2014: $46,156 (it was $46,156 in 2013)
Legends & Legacies Foundation: 

 $46,156
Other organizations performing similar types of work: 

 $69,335

Assets in 2014: $6,281 (it was $6,281 in 2013)
Legends & Legacies Foundation: 

 $6,281
Other organizations performing similar types of work: 

 $145,105

Expenses in 2013: $43,772
Legends & Legacies Foundation: 

 $43,772
Other organizations performing similar types of work: 

 $47,186

Income to expenses ratio in 2013: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 169.0%
This organization: 

 169.0%
Other organizations performing similar types of work: 

 26.3%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2013
Total revenue$46,156
Contributions, gifts, grants, and similar amounts received$77,999
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$-31,843
Gross income from gaming$0
Gross income from fundraising events$39,074
Less: direct expenses from gaming and fundraising events$70,917
Gross profit/loss from sales of inventory$0
Other revenue$0
Total expenses$43,772
Total net assets$2,384
Excess/Deficit for the year$2,384
Net assets or fund balances at beginning of year$0
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$2,384
Balance Sheets
2013
Total assets$6,281
Total liabilities$3,897
Net assets or fund balances$2,384
Other Information
2013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$117,073
Subtotal$117,073
Gifts, grants, contributions, and membership fees received$77,999
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$39,074
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$117,073
Public support$117,073
Subtotal$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Trust For African Rock Arts77 W Wacker Dr, Chicago, IL 60601-1604IL2001-09$595,502
2Peoria Riverfront Museum222 Sw Washington St, Peoria, IL 61602-2500IL2011-02$2,684,919
3Bielenberg Historic Pullman Housefoundation1313 175th St, Homewood, IL 60430-4606IL2008-06$400,040
4Dekalb Area Agricultural Heritage Association Inc111 S 2d St, De Kalb, IL 60115IL2010-11$168,378
5Wright House Property Nfp2990 N Perryville Rd Unit 1400, Rockford, IL 61107-6827IL2003-11$134,497
6Legacy Project, Legacy Walk3018 N Clybourn Ave, Chicago, IL 60618IL2011-06$112,414
7Litchfield Museum & Route 66 Welcome CenterPO BOX 43, Litchfield, IL 62056-0043IL2012-03$111,974
8Western Illinois Museum201 S Lafyt St, Macomb, IL 61455-2231IL2001-10$111,954
9Chicago Collections Consortium Inc Nfp2350 N Kenmore Ave 116d, Chicago, IL 60614-3210IL2014-01$91,631
10Legends & Legacies Foundation401 N May Street, Chicago, IL 60642IL2013-07$46,156
11Illinois High School Basketball Hall Of Fame & MuseumPO BOX 1, Pinckneyville, IL 62274-0001IL2008-09$42,564
12Mercer County Historical SocietyPo Box 269, Aledo, IL 61231IL2014-05$38,630
13Lake Bluff History MuseumPO BOX 250, Lake Bluff, IL 60044-0250IL1996-08$38,548
14American Toby Jug Museum910 Chicago Avenue No 105, Evanston, IL 60202IL2009-04$32,390
15Scott Field Heritage Park216 E A St, Belleville, IL 62220-1403IL1999-10$30,125
16Chicago Literary Hall Of Fame8519 Karlov Ave, Skokie, IL 60076-2104IL2014-01$18,452
17National Museum Of Health And Medicine Chicago175 W Washington Street, Chicago, IL 60602-2313IL2010-12$14,507
18Paulsons Agriculture Museum Of ArgylePo Box 1030, Roscoe, IL 61073IL2008-03$11,113
19American Legacy Collection Foundation2239 N Burling St, Chicago, IL 60614-3711IL2006-12$5,000
20Spinelli Equipment Museum NfpC/O Andrew J Spinelli 748 Hickman, Woodstock, IL 60098IL2008-08$380
Number of organizations performing similar types of work
Alaska12
Alabama38
Arkansas28
Arizona44
California277
Colorado64
Connecticut37
District of Columbia17
Delaware10
Florida130
Georgia75
Hawaii20
Iowa54
Idaho20
Illinois84
Indiana71
Kansas48
Kentucky37
Louisiana50
Massachusetts67
Maryland54
Maine40
Michigan76
Minnesota41
Missouri63
Mississippi32
Montana17
North Carolina76
North Dakota13
Nebraska23
New Hampshire16
New Jersey58
New Mexico29
Nevada23
New York175
Ohio107
Oklahoma56
Oregon52
Pennsylvania99
Rhode Island11
South Carolina41
South Dakota13
Tennessee42
Texas216
Utah27
Virginia68
Vermont10
Washington71
Wisconsin65
West Virginia24
Wyoming15
International8
Total2,844

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