Nonprofit · EIN 85-0964002
FRIENDS OF LEGACY INC
Tax-exempt · BRONX, NY 10454
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | -$568,273 | $629,597 | -$1,197,870 | $62,940,008 | $65,691,651 | -$2,751,643 |
| June 30, 2024 | 990 | -$654,380 | $609,400 | -$1,263,780 | $70,798,542 | $72,352,315 | -$1,553,773 |
| June 30, 2023 | 990 | -$87,620 | $1,086,173 | -$1,173,793 | $72,816,660 | $73,106,653 | -$289,993 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- -$568,273
- Other revenue
- -$568,273
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $3,658
- Accounting fees
- $35,378
- Depreciation
- $5,517
- Program services (functional)
- $590,561
- Management and general (functional)
- $39,036
Balance sheet and other
- Total assets, start of year
- $70,798,542
- Total assets, end of year
- $62,940,008
- Total liabilities, end of year
- $65,691,651
- Net assets, end of year
- -$2,751,643
- Land, buildings and equipment
- $22,252
- Net assets without donor restrictions
- -$2,751,643
- Gross receipts
- $3,966,355
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2020
- State of legal domicile
- NY
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 |
|---|---|---|---|
| CATHERINE HAUSMANN | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| YVONNE GUIELLEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHAEL RAKITER | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HILLARY SWIGGETT | TRUSTEE Trustee or director | 1 | $0 |
| CATHERINE HAUSMANN | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| YVONNE GUIELLEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHAEL RAKITER | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HILLARY SWIGGETT | TRUSTEE Trustee or director | 1 | $0 |
| CATHERINE HAUSMANN | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| YVONNE GUIELLEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHAEL RAKITER | TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 400 E 145TH ST, BRONX, NY 10454-1009
- In care of
- % SUMMER SCHNEIDER
- Principal officer (990 for 2024)
- SUMMER SCHNEIDER, 400 EAST 145TH STREET, BRONX, NY 10454
- Signed the 990
- MICHAEL RAKITER, TREASURER
- Phone
- (347) 746-1558
- Return prepared by
- MENGEL METZGER BARR & CO LLP
Mission
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.
Program accomplishments
- RENTAL OF BUILDING TO CHARTER SCHOOLExpenses $590,561
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
- 85-0964002
- 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
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $62,940,008
- Income (IRS master file)
- $3,966,355
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | -$568,273 | $629,597 | $62,940,008 | IRS |
| 990 | June 2024 | -$654,380 | $609,400 | $70,798,542 | XML |
| 990 | June 2023 | -$87,620 | $1,086,173 | $72,816,660 | XML |
| 990 | June 2022 | $963,163 | $476,313 | $1,253,492 | IRS |
| 990 | June 2021 | – | – | – | 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 85-0964002).
Questions about FRIENDS OF LEGACY INC
- What is the EIN of FRIENDS OF LEGACY INC?
- The employer identification number (EIN) of FRIENDS OF LEGACY INC is 85-0964002.
- Is FRIENDS OF LEGACY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FRIENDS OF LEGACY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF LEGACY 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 FRIENDS OF LEGACY 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 FRIENDS OF LEGACY 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 FRIENDS OF LEGACY INC?
- The 990 for the year ended June 30, 2025 names SUMMER SCHNEIDER.
- Who are the officers and directors of FRIENDS OF LEGACY INC?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF LEGACY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of -$568,273, expenses of $629,597 and total assets of $62,940,008 at year end.
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