Legacy Of Service Foundation in Dallas, Texas (TX)

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Legacy Of Service Foundation
Employer Identification Number (EIN)752533028
Name of OrganizationLegacy Of Service Foundation
In Care of NamePresident
AddressPO BOX 227303, Dallas, TX 75222-7303
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Scholarships (other), Gifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date02/1995
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 Period12/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$67,979
Amount of Income$80,873
Form 990 Revenue Amount$80,773
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2013: $80,873 (it was $151,762 in 2012)
This organization: 

 $80,873
Other organizations performing similar types of work: 

 $41,680

Assets in 2013: $67,979 (it was $89,284 in 2012)
Legacy Of Service Foundation: 

 $67,979
Other organizations performing similar types of work: 

 $65,579

Expenses in 2013: $26,032
Legacy Of Service Foundation: 

 $26,032
Other organizations performing similar types of work: 

 $24,470

Income to expenses ratio in 2013: 3.1
Legacy Of Service Foundation: 

 3.1
Other organizations performing similar types of work: 

 0.5

Grants share in income in 2013: 7.6%
This organization: 

 7.6%
Other organizations performing similar types of work: 

 9.0%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$70,512$123,796$80,773
Contributions, gifts, grants, and similar amounts received$5,686$4,065$6,151
Program service revenue including government fees and contracts$16,882$77,183$11,395
Membership dues and assessments$35,168$22,863$51,500
Investment income$0$341$432
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$12,776$19,344$11,295
Gross income from gaming$0$0$0
Gross income from fundraising events$17,639$47,310$11,395
Less: direct expenses from gaming and fundraising events$4,863$27,966$100
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$18,903$16,252$26,032
Total net assets$51,996$89,284$67,979
Excess/Deficit for the year$51,609$107,544$54,741
Net assets or fund balances at beginning of year$387$-18,260$13,238
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$159,540$144,025
Balance Sheets
201120122013
Total assets$51,996$89,284$67,979
Total liabilities$0$0$0
Net assets or fund balances$51,996$89,284$67,979
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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$0
Subtotal$269,636
Gifts, grants, contributions, and membership fees received$25,925
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$243,681
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$270,868
Public support$269,636
Subtotal$1,232
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,232
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
1Us-Central Asia Education Foundation124 U St Nw, Washington, DC 20001-1606DC2007-10$4,838,252
2Subsea Tieback Scholarship Fund5418 Woodbury St, Fulshear, TX 77441-4139TX2007-10$101,112
3Tom Mcmahon Construction Scholarship Fund4441 S Abilene Cir, Aurora, CO 80015-1047CO2006-11$18,033
4Smart Bowling Scholarship Funding Corporation621 Six Flags Dr, Arlington, TX 76011-6305TX2011-01$21,562,960
5Panhandle-Plains Management & Servicing CorporationPO BOX 839, Canyon, TX 79015-0839TX2014-04$7,578,585
6Neches Higher Education Authority Inc2600 Washington Avenue, Waco, TX 76710TX2006-10$4,386,211
7San Angelo Stock Show & Rodeo Foundation200 W 43rd St, San Angelo, TX 76903-1675TX2002-05$3,374,194
8Leon Higher Education Authority Inc2600 Washington Avenue, Waco, TX 76710TX2006-10$2,929,229
9San Antonio Livestock Exposition Educational Fund IncPO BOX 200230, San Antonio, TX 78220-0230TX2013-02$2,770,099
10Stars Scholarship FundPO BOX 3068, Mcallen, TX 78502-3068TX2004-03$2,464,771
11Usaa Educational Foundation9800 Fredericksburg Rd, San Antonio, TX 78288-0001TX1999-06$2,418,439
12Randy L Wendt FoundationPO BOX 33083, Amarillo, TX 79120-3083TX2015-02$2,212,458
13The Forte Foundation1809 Big Canyon Dr, Austin, TX 78746-7204TX2004-01$2,012,729
14Mclaughlin Doty FoundationPO BOX 769, Hunt, TX 78024-0769TX2011-09$1,933,724
15Louis And Mary Kay Smith Family Foundation Inc11607 Oak Glen Ct, Houston, TX 77024-5147TX2011-11$1,775,154
16The Tstc Foundation3801 Campus Dr, Waco, TX 76705-1607TX2001-04$1,365,835
17Western Texas College Foundation6200 College Ave, Snyder, TX 79549-6105TX1982-02$1,287,529
18Trinity Valley ExpositionPO BOX 9047, Liberty, TX 77575-2747TX1981-12$1,253,920
19Compadres For ScholarshipsP O Box 5569, San Antonio, TX 78201TX2007-05$1,218,345
20Loraine Education Foundation IncPO BOX 457, Loraine, TX 79532-0457TX2014-10$1,205,344
Number of organizations performing similar types of work
Alaska48
Alabama286
Arkansas212
Arizona375
California2,590
Colorado397
Connecticut360
District of Columbia210
Delaware90
Florida1,248
Georgia644
Hawaii125
Iowa241
Idaho90
Illinois1,083
Indiana348
Kansas216
Kentucky271
Louisiana247
Massachusetts819
Maryland580
Maine135
Michigan690
Minnesota353
Missouri459
Mississippi159
Montana122
North Carolina631
North Dakota29
Nebraska124
New Hampshire145
New Jersey1,137
New Mexico122
Nevada157
New York1,581
Ohio902
Oklahoma233
Oregon274
Pennsylvania951
Rhode Island132
South Carolina243
South Dakota54
Tennessee325
Texas2,055
Utah196
Virginia649
Vermont87
Washington473
Wisconsin403
West Virginia110
Wyoming43
International27
Total23,481

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