Nonprofit · EIN 54-1869002
LEGACY MEDIA INSTITUTE
Tax-exempt · RICHMOND, VA 23220
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $1,842 | $10,376 | -$8,534 | $21,086 | $28,744 | -$7,658 |
| December 31, 2023 | 990-EZ | $40,977 | $19,256 | $21,721 | $29,620 | $28,744 | $876 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,147
- Other revenue
- $695
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $5,850
- Printing, publications and postage
- $42
- Other expenses
- $4,484
- Program services (functional)
- $4,484
Balance sheet and other
- Total assets, start of year
- $29,620
- Total assets, end of year
- $21,086
- Total liabilities, end of year
- $28,744
- Net assets, end of year
- -$7,658
- Cash, savings and investments
- $21,086
- Gross receipts
- $1,842
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAPHNE REID | VP/TREASURER | 1 | $0 |
| IRIS HOLLIDAY | DIRECTOR | 1 | $0 |
| TINA WALLS | DIRECTOR | 1 | $0 |
| TREVON FACEY | DIRECTOR | 1 | $0 |
| TIMOTHY L REID | PRESIDENT | 15 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAPHNE REID | VP/TREASURER | 1 | $0 |
| IRIS HOLLIDAY | DIRECTOR | 1 | $0 |
| TINA WALLS | DIRECTOR | 1 | $0 |
| TREVON FACEY | DIRECTOR | 1 | $0 |
| TIMOTHY L REID | PRESIDENT | 15 | $0 |
Address and contacts
- Address (IRS master file)
- 1704 PARKWOOD AVE, RICHMOND, VA 23220-5324
- Mailing address (990-N for 2025)
- 1704 PARKWOOD AVENUE, Richmond VA 23220
- Principal officer (990-N for 2025)
- TIMONTHLY L REID, 1704 PARKWOOD AVENUE, Richmond VA 23220
- Signed the 990-EZ
- TIMOTHY L REID, PRESIDENT
- Phone
- (804) 451-1317
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
TO BRING TOGETHER LEADING PROFESSIONALS IN THE FILM AND TELEVISION INDUSTRY, OUTSTANDING EDUCATORS, AND YOUNG MEN AND WOMEN WHO WISH TO PURSUE THE ENTERTAINMENT MEDIA AS THEIR LIFE'S WORK. BY MEANS OF ITS PROGRAMS, THE INSTITUTE SEEKS TO PROMOTE EXCELLENCE AND ACCOUNTABILITY THOUGHOUT THE PROCESS OF CREATING MEDIA THAT REFLECTS A DIVERSE GLOBAL SOCIETY.
Program accomplishments
- LEGACY MEDIA INSTITUTE PROVIDES A SUPPORT SYSTEM FOR DIVERSE, INDEPENDENT MINDED CREATIVE TALENT; AND AN AUTHORITATIVE SOURCE OF MARKET RESEARCH ON THE TASTES, INTERESTS, MEDIA USAGE, CONSUMER PATTERNS, AND DEMOGRAPHICS FOR A MULTI-CULTURAL AUDIENCE. IN ADDITION, THROUGH ITS LABS AND SEMINARS, THE INSTITUTE BRINGS EMERGING ARTISTS TOGETHER WITH ESTABLISHED INDUSTRY PROFESSIONALS.Expenses $4,484
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 54-1869002
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A31)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: TIMONTHLY L REID | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | $1,842 | $10,376 | $21,086 | XML |
| 990-EZ | December 2023 | $40,977 | $19,256 | $29,620 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2009 Officer: Timothy Reid | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
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 54-1869002).
Questions about LEGACY MEDIA INSTITUTE
- What is the EIN of LEGACY MEDIA INSTITUTE?
- The employer identification number (EIN) of LEGACY MEDIA INSTITUTE is 54-1869002.
- Is LEGACY MEDIA INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to LEGACY MEDIA INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEGACY MEDIA INSTITUTE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LEGACY MEDIA INSTITUTE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEGACY MEDIA INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of LEGACY MEDIA INSTITUTE?
- The 990-N for 2025 names TIMONTHLY L REID.
- Who are the officers and directors of LEGACY MEDIA INSTITUTE?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does LEGACY MEDIA INSTITUTE have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $1,842, expenses of $10,376 and total assets of $21,086 at year end.
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