LEGACY PHILANTHROPY WORKS

EIN: 472584632 501(c)(3) Environment

SANTA BARBARA, CA

Total Revenue
$3,156,159
Total Expenses
$2,535,236
Total Assets
$1,629,783
Net Assets
$1,318,943
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
WY
Principal Officer
CARL PALMER
Phone
8056986887
Tax Period
2023-01-01 to 2023-12-31

LEGACY PHILANTHROPY WORKS, founded in 2014, is a community nonprofit in the Environment sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $621K, a strong 20% operating margin.

Mission

WE ARE A COMMUNITY OF CATALYTIC CHANGEMAKERS SUPPORTING PARTNERSHIPS AND COLLABORATIVE INITIATIVES THAT ENABLE COMMUNITIES, LANDSCAPES AND ECONOMIES TO THRIVE.

Program Service Accomplishments

Program 1
Expenses: $1,580,576 Revenue: $1,467,186

COLLABORATIVE INITIATIVE FACILITATION AND PARTNERSHIP SUPPORT - WE SUPPORT COMMUNITY-DRIVEN, PLACE-BASED PARTNERSHIPS AND COLLABORATIVES THAT CREATE RESILIENT COMMUNITIES AND LANDSCAPES. WE SERVE AS...

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COLLABORATIVE INITIATIVE FACILITATION AND PARTNERSHIP SUPPORT - WE SUPPORT COMMUNITY-DRIVEN, PLACE-BASED PARTNERSHIPS AND COLLABORATIVES THAT CREATE RESILIENT COMMUNITIES AND LANDSCAPES. WE SERVE AS A SUPPORT ORGANIZATION AND PROVIDE A VARIETY OF SERVICES TO HELP PARTNERSHIPS DEVELOP PLANS, IDENTIFY IMPACT OPPORTUNITIES THROUGH COMMUNITY ENGAGEMENT, LAUNCH CATALYTIC INITIATIVES, RESOURCE EMERGENT FOLLOW-ON OPPORTUNITIES, MOBILIZE FUNDING AND FULL SPECTRUM CAPITAL, DEVELOP COMMUNICATIONS, BUILD CAPACITY, AND STEWARD PARTNERSHIP DEVELOPMENT TOWARDS A VIRTUOUS CYCLE THAT LEADS TO GREATER COLLABORATION AND INVESTMENT IN SYSTEMS SCALE CHANGE.

Program 2
Expenses: $53,608 Revenue: $6,000

IMPACT INITIATIVE PLANNING AND CONSULTING - WE PROVIDE CONSULTING AND PLANNING SERVICES TO AGENCIES, FUNDERS, NONPROFITS, SOCIAL ENTERPRISES, IMPACT FUNDS, PARTNERSHIPS AND COMMUNITIES. WE DEVELOP...

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IMPACT INITIATIVE PLANNING AND CONSULTING - WE PROVIDE CONSULTING AND PLANNING SERVICES TO AGENCIES, FUNDERS, NONPROFITS, SOCIAL ENTERPRISES, IMPACT FUNDS, PARTNERSHIPS AND COMMUNITIES. WE DEVELOP STRATEGIES AND IMPLEMENTATION PLANS FOR INITIATIVES OF ALL SCALES FROM SINGLE PROJECTS TO FOUNDATION, NONPROFIT AND SOCIAL ENTERPRISE STRATEGIES TO LARGE SCALE COLLABORATIVE INITIATIVES AND PUBLIC PRIVATE PARTNERSHIPS (INCLUDING MULTI-PARTY, CROSS-SECTOR COLLABORATIONS AND AGENCY COALITIONS) TO FUNDS AND VENTURES. OUR PLANS INCLUDE FUNDING STRATEGIES THAT TAP INTO A RANGE OF CAPITAL SOURCES FROM PHILANTHROPY TO DEBT TO IMPACT INVESTMENT CAPITAL.

Program 3
Expenses: $539,474 Revenue: $566,839

CAPACITY SUPPORT SERVICES - WE PROVIDE ALIGNED ORGANIZATIONS WITH ADDITIONAL CAPACITY AND EXPERTISE NEEDED TO LAUNCH NEW PROGRAMS AND ORGANIZATIONS, TAKE ON NEW PROJECTS, DEVELOP COMMUNICATION AND...

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CAPACITY SUPPORT SERVICES - WE PROVIDE ALIGNED ORGANIZATIONS WITH ADDITIONAL CAPACITY AND EXPERTISE NEEDED TO LAUNCH NEW PROGRAMS AND ORGANIZATIONS, TAKE ON NEW PROJECTS, DEVELOP COMMUNICATION AND MARKETING PROGRAMS, DESIGN AND IMPLEMENT FUNDRAISING CAMPAIGNS, DEVELOP GIS, MAPPING, DATABASE OR TECHNOLOGY SOLUTIONS, AND MORE. WE DESIGN AND FACILITATE COMMUNITY ENGAGEMENT PROCESSES, PLANNING SESSIONS, LEADERSHIP DEVELOPMENT PROGRAMS, TRAININGS, AND OTHER PERSONAL AND PROFESSIONAL DEVELOPMENT PROGRAMS. THESE SMALLER SCALE ENGAGEMENTS OFTEN BUILD RELATIONSHIPS THAT LEAD TO BIGGER PROJECT OPPORTUNITIES.

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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $965,816
Program Service Revenue $2,190,025
Investment Income $318
Other Revenue $0
TOTAL REVENUE $3,156,159

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,601,577
Fundraising Expenses $55,985
Program Expenses $2,237,676
Other Expenses $913,359
TOTAL EXPENSES $2,535,236

Year-over-Year Comparison

2023 2022 Change
Revenue $3,156,159 $1,730,473 +0.8%
Expenses $2,535,236 $1,587,287 +0.6%
Net Income $620,923 $143,186 +3.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
6
Independent Members
5
Employees
28
Volunteers
5

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
4
$164,603
Total Directors
6
$164,603
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY VERBETEN BOARD CHAIR 2.00
Officer Director
$0 $0 $0
STEPHANIE GRIPNE BOARD TREASURER 2.00
Officer Director
$0 $0 $0
G MICHAEL SUTTON BOARD SECRETARY 2.00
Officer Director
$0 $0 $0
DAVID LEVENTHAL DIRECTOR 2.00
Director
$0 $0 $0
SHALIN DESAI DIRECTOR 2.00
Director
$0 $0 $0
CARL PALMER DIRECTOR/EXECUTIVE DIRECT 40.00
Officer Director
$140,683 $23,920 $164,603
MARTIN GOEBEL REGIONAL DIRECTOR 40.00
Highest
$111,250 $0 $111,250
JOHN REGGIE HALL REGIONAL DIRECTOR 40.00
Highest
$108,497 $0 $108,497
MICHELLE HEATON REGIONAL DIRECTOR 40.00
Highest
$106,557 $3,943 $110,500
JESSICA HAIR DIRECTOR OF OPERATIONS 40.00
Highest
$100,403 $2,371 $102,774
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
2024 No data No data No data No data
2023 $3,156,159 $2,535,236 $1,629,783 $620,923
2022 $1,730,473 $1,587,287 $753,015 $143,186
2021 $1,293,937 $967,328 $624,200 $326,609
2020 $667,082 $574,141 $257,033 $92,941
2019 $576,360 $537,296 $199,212 $39,064
2018 $687,583 $591,003 $214,964 $96,580
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