Family Legacy Foundation

EIN: 473699058 501(c)(3) Education

Chicago, IL

Total Revenue
$783,881
Total Expenses
$782,980
Total Assets
$107,085
Net Assets
$84,486
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile
IL
Principal Officer
Taneesha Rolland
Phone
7733411530
Tax Period
2024-08-01 to 2025-07-31

Family Legacy Foundation is a small nonprofit in the Education sector that reported $784K in total revenue in fiscal year 2024.

Mission

Family Legacy Foundations mission is to break the cycle of poverty through education

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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 (2024)

Revenue Breakdown

Contributions & Grants $783,881
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $783,881

Expense Breakdown

Grants Paid $0
Salaries & Benefits $441,680
Fundraising Expenses $0
Program Expenses $724,103
Other Expenses $341,300
TOTAL EXPENSES $782,980

Year-over-Year Comparison

2024 2023 Change
Revenue $783,881 $744,515 +0.1%
Expenses $782,980 $690,375 +0.1%
Net Income $901 $54,140 -1.0%
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
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
1
$0
Total Directors
3
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLETON ROLLAND President 0.00
Officer Director
$0 $0 $0
CHERYL CROZIER Member 0.00
Director
$0 $0 $0
DEBRA FOUNTAIN-ELLIS Member 0.00
Director
$0 $0 $0
TANEESHA ROLLAND Executive Director 0.00
Key Emp
$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 $783,881 $782,980 $107,085 $901
2024 $744,513 $690,376 $185,743 $54,137
2023 $1,037,674 $1,147,240 $127,378 $-109,566
2022 $731,400 $698,779 $231,444 $32,621
2021 $822,952 $678,167 $259,300 $144,785
2020 $582,197 $567,436 $103,862 $14,761
2019 $386,858 $400,727 $56,839 $-13,869
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