2025-04-24T11:10:01-05:00 2024-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2023-07-01 850964002 FRIENDS OF LEGACY INC FRIE 3477461558 400 EAST 145TH STREET BRONX NY 10454 MICHAEL RAKITER TREASURER 3477461558 2025-04-17 1 1 RAYMOND J JACOBI P00160856 5854231860 2025-04-17 2023 2025-03-06 01:10:19Z SUMMER SCHNEIDER 400 EAST 145TH STREET BRONX NY 10454 4714786 0 X N/A X 2020 NY THE ORGANIZATION WAS ESTABLISHED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO, AND FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE LEGACY COLLEGE PREPARATORY CHARTER SCHOOL IN THE STATE OF NEW YORK. 4 2 0 4 0 0 0 0 0 5500 0 0 -87620 -659880 -87620 -654380 400000 0 0 0 0 0 0 0 0 686173 609400 1086173 609400 -1173793 -1263780 72816660 70798542 73106653 72352315 -289993 -1553773 THE ORGANIZATION WAS ESTABLISHED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO, AND FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE LEGACY COLLEGE PREPARATORY CHARTER SCHOOL IN THE STATE OF NEW YORK. 0 0 537426 RENTAL OF BUILDING TO CHARTER SCHOOL 537426 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 NY X SUMMER SCHNEIDER 3477461558 400 EAST 145TH STREET BRONX NY 10454 X X HILLARY SWIGGETT TRUSTEE 1.00 X 0 0 0 CATHERINE HAUSMANN BOARD CHAIR 1.00 X X 0 0 0 YVONNE GUIELLEN SECRETARY 1.00 X X 0 0 0 MICHAEL RAKITER TREASURER 1.00 X X 0 0 0 0 0 0 0 0 0 0 808 CAULDWELL 3251 3RD AVE BRONX NY 10456 RENT 2389338 416 WILLS LLC 41 CARMINE STREET NEW YORK NY 10014 RENT 1061633 VUE SERVICE CORP 5047 69TH STREET WOODSIDE NY 11377 JANITORIAL SERVICES 533059 3 OTHER INCOME 900003 5500 5500 5500 4709286 5369166 -659880 -659880 -659880 -654380 -654380 0 0 X 42303 42303 29671 29671 532284 532284 5142 5142 609400 537426 71974 0 984120 195886 1150375 36883 9114 25411 27769 71807129 69424512 72816660 70798542 545828 916539 360833 0 72199992 71435776 73106653 72352315 X -289993 -1553773 -289993 -1553773 72816660 70798542 -1263780 0 X X 0 1 X 1 0 X 0 0 2524910 2987160 4879512 4679194 15070776 15070776 X 9963 3653 6310 7500 375 7125 19420 5086 14334 27769 DEPOSITS 15000 DEFERRED LEASE RECEIVABLE 1424106 RIGHT OF USE ASSETS 67985406 69424512 LEASE LIABILITIES 71435776 71435776 X 4714786 5369166 5369166 -654380 0 -654380 5978566 5369166 5369166 609400 0 609400 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE ORGANIZATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. THE TAX RETURNS FOR YEARS ENDED JUNE 30, 2024 AND 2023 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND TAXING AUTHORITIES IN NEW YORK STATE. MANAGEMENT OF THE ORGANIZATION BELIEVES THEY HAVE NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, THEY HAVE NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 5,369,166. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 5,369,166. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO SUBCOMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND THEN SUBMITTED TO THE BORAD OF DIRECTORS PRIOR TO FILING. IF THE BOARD OF DIRECTORS HAVE ANY QUESTIONS THEY ARE ADDRESSED PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 ARE MADE AVAILABLE UPON REQUEST DURING NORMAL BUSINESS HOURS FORM 990, PART VII, COLUMN E & F THE ORGANIZATION WAS ESTABLISHED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO, AND FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE LEGACY COLLEGE PREPARATORY CHARTER SCHOOL IN THE STATE OF NEW YORK. FORM 990, PART IX, LINE 11G OTHER PURCHASED / PROFESSIONAL / CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 532,284. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 532,284. FORM 990, PART XII, LINE 2C: THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS.