THE LADY LEGACY SCHOLARSHIP FOUNDATION

EIN: 631232812 501(c)(3) Education

SHOAL CREEK, AL

Total Revenue
$101,933
Total Expenses
$29,491
Total Assets
$586,180
Net Assets
$554,180
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
AL
Principal Officer
MARY WELDEN
Phone
2058764644
Tax Period
2024-01-01 to 2024-12-31

The Lady Legacy Scholarship Foundat, founded in 1999, is a micro nonprofit in the Education sector that reported $55K in total revenue in fiscal year 2018. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27K, a strong 49% operating margin.

Mission

PROVIDE SCHOLARSHIP TO A DESERVING STUDENT WHO IS ACTIVELY PURSUING A BACCALAUREATE DEGREE AT AN ACCREDITED COLLEGE. PROVIDED GRANTS TO MIDDLE SCHOOL AND HIGH SCHOOL GIRL GOLF PROGRAMS IN SUPPORT OF GIRLS SPORTS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $69,729
Program Service Revenue $0
Investment Income $28,152
Other Revenue $4,052
TOTAL REVENUE $101,933

Expense Breakdown

Grants Paid $26,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $27,431
Other Expenses $2,991
TOTAL EXPENSES $29,491

Year-over-Year Comparison

2024 2023 Change
Revenue $101,933 $55,235 +0.8%
Expenses $29,491 $32,996 -0.1%
Net Income $72,442 $22,239 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
25

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
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY WELDEN PRESIDENT 5.00
Officer Director
$0 $0 $0
LUCIE KING SECRETARY 5.00
Officer Director
$0 $0 $0
CAROL MYERS TREASURER 5.00
Officer Director
$0 $0 $0
PAT HEILALA BOARD MEMBER 1.00
Director
$0 $0 $0
LYNN GLOVER BOARD MEMBER 1.00
Director
$0 $0 $0
KATHY BAGGIO BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH AUSTIN BOARD MEMBER 1.00
Director
$0 $0 $0
JAMELLE SHAW BOARD MEMBER 1.00
Director
$0 $0 $0
JAN SWEATMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MERI KOZEL BOARD MEMBER 1.00
Director
$0 $0 $0
KIM WOODS BOARD MEMBER 1.00
Director
$0 $0 $0
BETH MURVIN BOARD MEMBER 1.00
Director
$0 $0 $0
ELEANOR STRICKLAND BOARD MEMBER 1.00
Director
$0 $0 $0
LINDSAY PUCKETT BOARD MEMBER 1.00
Director
$0 $0 $0
TRISH CARTER BOARD MEMBER 1.00
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 $101,933 $29,491 $586,180 $72,442
2023 $55,235 $32,996 $506,252 $22,239
2019 $64,039 $11,507 $350,842 $52,532
2018 $54,562 $27,562 $288,025 $27,000
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