Legacy Youth Leadership does not meet the following 1 Standards for Charity Accountability:
Standard 8 (Program Service Expense Ratio)
Spend at least 65% of its total expenses on program activities.
LYL does not meet this Standard because:
- According to its audited financial statements for the year ended December 31, 2020, the organization spent $652,112 or 43% of its total expenses on programs.
Legacy Youth Leadership meets the remaining 19 Standards for Charity Accountability.
Legacy Youth Leadership (LYL) reports that it provides free education and activism programs as well as leadership coaching and mentoring to young people to supplement students' existing school and youth development. The organization equips students with the tools they need to reach their academic and philanthropic goals through its various student programs, school tours, scholarships and awards, and service-learning trips,
For the year ended December 31, 2020, Legacy Youth Leadership's program expenses were:
Program services |
$652,112 |
Total Program Expenses: |
$652,112 |
-
Chief Executive
Seth Maxwell, Chief Executive Officer and Founder
-
Compensation*
$179,377
-
Chair of the Board
Michelle O'Droske
-
Chair's Profession / Business Affiliation
Vice President of Regional Operations - Licensing, Primerica
-
Board Size
14
-
Paid Staff Size
9
*2020 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Grant proposals, Internet, Invitations to fund raising events, Planned giving arrangements, Cause- related marketing (affinity credit cards, consumer product sales, etc.), Television
Fundraising costs were 14% of related contributions. (Related contributions, which totaled $1,513,271, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Legacy Youth Leadership's audited financial statements for the year ended December 31, 2020.
Source of Funds |
Donations and grants |
$1,513,271 |
Other income |
$146,704 |
Merchandise sales |
$3,239 |
Total Income |
$1,663,214 |
- Programs: 44%
- Administrative: 42%
- Fundraising: 14%
Total Income |
$1,663,214 |
Program expenses |
$652,112 |
Fundraising expenses |
$211,704 |
Administrative expenses |
$648,271 |
Other expenses |
$0 |
Total expenses: |
$1,512,087 |
Income in Excess of Expenses |
$151,127 |
Beginning Net Assets |
$-1,067,025 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$-915,898 |
Total Liabilities |
$990,802 |
Total Assets |
$74,904 |