THE LEGACY FOUNDATION

EIN: 263853831 501(c)(3) Education

SIOUX CITY, IA

Total Revenue
$26,618
Total Expenses
$14,220
Total Assets
$82,080
Net Assets
$82,080
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
IA
Principal Officer
CHRISTOPHER RANTS
Phone
7124908742
Tax Period
2024-01-01 to 2024-12-31

THE LEGACY FOUNDATION, founded in 2008, is a micro nonprofit in the Education sector that reported $27K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12K, a strong 47% operating margin.

Mission

THE FOUNDATION IS ORGANIZED TO EDUCATE THE GENERAL PUBLIC ABOUT CONCEPTS THAT ADVANCE INDIVIDUAL LIBERTY, FREE ENTERPRISE, AND LIMITED AND ACCOUNTABLE GOVERNMENT, AND WILL ENGAGE IN INDEPENDENT, NONPARTISAN RESEARCH ON PUBLIC POLICY MATTERS AND INITIATIVES. THE FOUNDATION'S GOAL IS TO ASSEMBLE A TEAM OF RESEARCH ANALYSTS WITH SPECIALIZATIONS IN VARIOUS AREAS OF PUBLIC POLICY, INCLUDING BUT NOT LIMITED TO, EDUCATION POLICY, TAX AND FISCAL POLICY, LABOR-MANAGEMENT RELATIONS POLICY, CIVIL RIGHTS POLICY, HEALTH CARE POLICY, AND ISSUES OF GOVERNMENTAL TRANSPARENCY.

Program Service Accomplishments

Program 1

THE FOUNDATION SUPPORTED LITIGATION TO PROTECT FREE SPEECH RIGHTS.

Program 2
Expenses: $417

THE FOUNDATION ENGAGED IN TEACHING AMERICANS ABOUT VOTING AND FUNDED A LEGAL BRIEF ON THE SUBJECT.

Program 3
Expenses: $1,223

THE FOUNDATION ENGAGED IN RESEARCH ON STATE TAX AND FISCAL POLICY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $25,205
Program Service Revenue $0
Investment Income $1,413
Other Revenue $0
TOTAL REVENUE $26,618

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,640
Other Expenses $14,220
TOTAL EXPENSES $14,220

Year-over-Year Comparison

2024 2023 Change
Revenue $26,618 $85,650 -0.7%
Expenses $14,220 $125,873 -0.9%
Net Income $12,398 $-40,223 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$10,000
Total Directors
3
$10,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER RANTS PRESIDENT 20.00
Officer Director
$0 $0 $10,000
ALLISON KLEIS TREASURER 1.00
Officer Director
$0 $0 $0
WILLARD JENKINS SECRETARY 0.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $26,618 $14,220 $82,080 $12,398
2023 $85,650 $125,873 $69,682 $-40,223
2022 $459,864 $497,271 $109,905 $-37,407
2021 $385,634 $320,446 $147,312 $65,188
2020 $838,076 $918,451 $82,124 $-80,375
2019 $2,690,820 $2,666,837 $162,501 $23,983
2018 $219,734 $164,363 $138,518 $55,371
Explore More Nonprofits
→Top 100 Nonprofits in Iowa →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE LEGACY FOUNDATION with other nonprofits in Iowa and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.