Nonprofit · EIN 23-2214748
THE LEGACY OF LOVE FOUNDATION INC
Tax-exempt · BALA CYNWYD, PA 19004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $192,472 | $59,920 | $132,552 | $1,029,539 | $0 | $1,029,539 |
| June 30, 2024 | 990 | $139,093 | $75,099 | $63,994 | $929,444 | $0 | $929,444 |
| June 30, 2023 | 990 | $97,202 | $63,339 | $33,863 | $865,450 | $0 | $865,450 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $92,311
- Program service revenue
- $0
- Investment income
- $100,161
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $39,163
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,500
- Program services (functional)
- $57,669
- Management and general (functional)
- $2,250
Balance sheet and other
- Total assets, start of year
- $929,444
- Total assets, end of year
- $1,029,539
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,029,539
- Net assets without donor restrictions
- $92,311
- Net assets with donor restrictions
- $937,228
- Gross receipts
- $192,472
- Employees
- 0
- Volunteers
- 25
- Year formed
- 1981
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Banks | President Trustee or director, Officer | 8 | $0 |
| Dr Adrienne Y Semidey | Vice Pres Trustee or director, Officer | 3 | $0 |
| Michelle Harris | Secretary Trustee or director, Officer | 3 | $0 |
| Barbara L Wells | Treasurer Trustee or director, Officer | 3 | $0 |
| Afra Muhammad | Asst Treasurer Trustee or director, Officer | 3 | $0 |
| Valenica Carte Barnes | Board Member Trustee or director | 1 | $0 |
| Rhonda Jackson | Board Member Trustee or director | 1 | $0 |
| Ewinda Coverson-Barnes | Board Member Trustee or director | 1 | $0 |
| Sharron Goode-Grant | Board Member Trustee or director | 1 | $0 |
| Susan C Moody | Board Member Trustee or director | 1 | $0 |
| Karol Mason | Board Member Trustee or director | 1 | $0 |
| Cherron Fleming | Board Member Trustee or director | 1 | $0 |
| Constance Major | Board Member Trustee or director | 1 | $0 |
| Gloria Plezeer | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Banks | President Trustee or director, Officer | 8 | $0 |
| Dr Adrienne Y Semidey | Vice Pres. Trustee or director, Officer | 3 | $0 |
| Michelle Harris | Secretary Trustee or director, Officer | 3 | $0 |
| Barbara L Wells | Treasurer Trustee or director, Officer | 3 | $0 |
| Dr Rosalind C Lee | Financial Secretary Trustee or director, Officer | 3 | $0 |
| Robin P Cooper | Board Member Trustee or director | 1 | $0 |
| Rhonda Jackson | Board Member Trustee or director | 1 | $0 |
| Leslie Faith Jones | Board Member Trustee or director | 1 | $0 |
| Cherron McCutchen | Board Member Trustee or director | 1 | $0 |
| Susan C Moody | Board Member Trustee or director | 1 | $0 |
| Valencia Carter Barnes | Board Member Trustee or director | 1 | $0 |
| Afra Muhammad | Board Member Trustee or director | 1 | $0 |
| Shakiera D Scott | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Banks | President Trustee or director, Officer | 8 | $0 |
| Dr Adrienne Y Semidey | Vice Pres. Trustee or director, Officer | 3 | $0 |
| Rhonda Jackson | Secretary Trustee or director, Officer | 3 | $0 |
| Barbara L Wells | Treasurer Trustee or director, Officer | 3 | $0 |
| Dr Rosalind C Lee | Financial Secretary Trustee or director, Officer | 3 | $0 |
| Dr Robin P Cooper | Board Member Trustee or director | 1 | $0 |
| Michelle Harris | Board Member Trustee or director | 1 | $0 |
| Leslie Faith Jones | Board Member Trustee or director | 1 | $0 |
| Cherron McCutchen | Board Member Trustee or director | 1 | $0 |
| Shakiera D Scott | Board Member Trustee or director | 1 | $0 |
| Valencia Carter Barnes | Board Member Trustee or director | 1 | $0 |
| Martha Ford Williams | Board Member Trustee or director | 1 | $0 |
| Marie L Young MD | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2 BALA PLZ STE 300, BALA CYNWYD, PA 19004-1512
- Principal officer (990 for 2024)
- Barbara Wells, 2 Bala Plaza, Suite 300, Bala Cynwyd, PA 19004
- Signed the 990
- Barbara Wells, Treasurer
- Phone
- (215) 253-7919
Mission
To promote academic excellence support the underserved and provide solutions for improving the quality of life in the community through through fundraising and other methods.
Program accomplishments
- To provide educational scholarships to deserving students pursing a higher education.Expenses $57,669 · revenue $192,472
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2214748
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,029,539
- Income (IRS master file)
- $192,472
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $192,472 | $59,920 | $1,029,539 | IRS |
| 990 | June 2024 | $139,093 | $75,099 | $929,444 | XML |
| 990 | June 2023 | $97,202 | $63,339 | $865,450 | XML |
| 990 | June 2022 | $75,339 | $49,287 | $864,120 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2214748).
Questions about THE LEGACY OF LOVE FOUNDATION INC
- What is the EIN of THE LEGACY OF LOVE FOUNDATION INC?
- The employer identification number (EIN) of THE LEGACY OF LOVE FOUNDATION INC is 23-2214748.
- Is THE LEGACY OF LOVE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to THE LEGACY OF LOVE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE LEGACY OF LOVE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE LEGACY OF LOVE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE LEGACY OF LOVE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE LEGACY OF LOVE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Barbara Wells.
- Who are the officers and directors of THE LEGACY OF LOVE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does THE LEGACY OF LOVE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $192,472, expenses of $59,920 and total assets of $1,029,539 at year end.
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