Nonprofit · EIN 87-0940124
SUMMERS LEGACY FOUNDATION INC
Tax-exempt · NEW ORLEANS, LA 70115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $241,000 | $307,297 | -$66,297 | $50,526 | $10,101 | $40,425 |
| December 31, 2023 | 990 | $467,191 | $379,493 | $87,698 | $115,591 | $8,869 | $106,722 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $241,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $39,000
- Compensation of officers, directors and key employees
- $197,000
- Salaries, compensation and benefits (total)
- $211,618
- Professional fundraising fees
- $0
- Legal fees
- $526
- Accounting fees
- $4,428
- Occupancy
- $28,800
- Depreciation
- $4,576
- Program services (functional)
- $237,739
- Management and general (functional)
- $69,558
Balance sheet and other
- Total assets, start of year
- $115,591
- Total assets, end of year
- $50,526
- Total liabilities, end of year
- $10,101
- Net assets, end of year
- $40,425
- Land, buildings and equipment
- $26,047
- Net assets without donor restrictions
- $40,425
- Gross receipts
- $241,000
- Employees
- 2
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- LA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE T HUBBS | PRESIDENT/DIRECTOR Trustee or director, Officer | 20 | $185,000 |
| RYAN HUBBS | SEC/TREAS/DIRECTOR Trustee or director, Officer | 1 | $12,000 |
| SHANE HUBBS | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES HUBBS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE HUBBS | PRESIDENT/DIRECTOR Trustee or director, Officer | 20 | $185,000 |
| RYAN HUBBS | SEC/TREAS/DIRECTOR Trustee or director, Officer | 1 | $12,000 |
| SHANE HUBBS | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES HUBBS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3436 MAGAZINE ST, NEW ORLEANS, LA 70115-2480
- Principal officer (990 for 2024)
- KYLE T HUBBS, 785 CHURCH ST 2A, NEW ORLEANS, LA 70130
- Signed the 990
- KYLE HUBBS, PRESIDENT
- Phone
- (504) 946-9775
- Website
- HTTPS://SUMMERSLEGACY.ORG
- Return prepared by
- HELFER AND COMPANY LLC
Mission
THE FOUNDATION SUPPORTS A VARIETY OF CHARITABLE AND EDUCATIONAL INITIATIVES WITHIN UNDERPRIVILEDGED COMMUNITIES, INCLUDING SCHOLARSHIP AWARDS TO STUDENTS, WITH A FOCUS ON STUDENTS ATTENDING SCHOOL IN ST. TAMMY PARISH AND OTHER NEIGHBORHOODS IN NEED THAT ARE LOCATED IN AND AROUND NEW ORLEANS.
Program accomplishments
- THE FOUNDATION WILL AWARD COLLEGE SCHOLARSHIPS TO STUDENTS IN THE COMMUNITY AND HAS PARTNERED WITH NORTHSHORE COMMUNITY FOUNDATION TO PROVIDE COLLEGE SCHOLARSHIPS TO STUDENTS AT ST. TAMMANY PARISH SCHOOLS ATTENDING OUT OF STATE UNIVERSITIES.Expenses $237,739 · grants $39,000
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 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-0940124
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T01)
- Assets (IRS master file)
- $50,526
- Income (IRS master file)
- $241,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $241,000 | $307,297 | $50,526 | XML |
| 990 | December 2023 | $467,191 | $379,493 | $115,591 | XML |
| 990 | December 2022 | $250,000 | $247,459 | $25,689 | IRS |
| 990-EZ | December 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 87-0940124).
Questions about SUMMERS LEGACY FOUNDATION INC
- What is the EIN of SUMMERS LEGACY FOUNDATION INC?
- The employer identification number (EIN) of SUMMERS LEGACY FOUNDATION INC is 87-0940124.
- Is SUMMERS LEGACY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to SUMMERS LEGACY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SUMMERS LEGACY 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 SUMMERS LEGACY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SUMMERS LEGACY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SUMMERS LEGACY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names KYLE T HUBBS.
- Who are the officers and directors of SUMMERS LEGACY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $185,000 (KYLE T HUBBS, PRESIDENT/DIRECTOR).
- How much revenue does SUMMERS LEGACY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $241,000, expenses of $307,297 and total assets of $50,526 at year end.
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