Texas · Nonprofit
LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT
LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT (Texas) receives grants from 11 organizations whose IRS filings report $2,202,350 to it, the largest being LOCAL INITIATIVES SUPPORT CORPORATION ($1,442,542). 6 of them have funded it in more than one year.
- Revenue FY2024
- $1.2M
- Funders on record
- 11
- Grants received
- $2.2M
- Net assets
- $7k
What Legacy Institute for Financial Empowerment does
Mission
The legacy institute of financial education exists to economically mobilize our community by improving financial stability and providing workforce development.
As stated on its FY2024 Form 990.
Programs
Life farms - a social enterprise that includes a 4 acre community garden that functions as a community supported agriculture (csa) project. The project also operates a lawn maintenance crew to provide jobs for the reentry population.
$222,312 spent25% of program spendingFinancial opportunities center (foc) - life provides personal finance and investments education through workshops and individualized coaching. The curriculum includes: understanding money, budgeting, saving, improving credit scores, homeownership, investing, and more.
$173,982 spent20% of program spendingLife works- engaging justice involved community members in adult education programs through angelina college to provide unique services to reenter the workplace.
$169,787 spent19% of program spendingLife tech - a technology access program which serves low to moderate income households throughout deep east texas. This program partners with the deep east texas regional housing authority (detrha) and angelina college to provide training and low cost hardware to households in need with the purpose of ensuring each east texas household has a computer and access to the internet. This program also provides internships for community members who are considering a career in information technology (it) as they pursue their comptia a+ certification or their microsoft technology associate (mta) certification.
$142,784 spent16% of program spendingLife build - a workforce development training program designed to produce future leaders in carpentry. The program provides community members with an opportunity to earn industry-recognized certifications such as the nccer core, general carpentry, and advanced carpentry. Participants may also have an opportunity to earn a stipend while they're learning. Coupled with the training aspect of life build is a social enterprise that will build affordable single family homes and provide affordable renovations to low-to-moderate homeowners.
$140,539 spent16% of program spendingLef - life empowerment fund -- small dollar loan program designated to provide access to capital to those who have historically been under-served (e.g. Bipoc, women, and rural communities).
$29,041 spent3% of program spendingCei -center for entrepreneurship and innovabation is a business development office (bdo). The project helps aspiring and existing entrepreneurs bring their ideas to market. The goal is to help our clients think through the process of what it would take to begin their business, select an appropriate corporate structure with the help of an attorney, gain access to affordable capital ect. We partner with attorneys, cpas, and the small business development center (sbdc).
$5,981 spent1% of program spendingThe juzi spot - a fruit juice and smoothie bar which provides internship opportunities for those who wish to pursue a career in food services.
Generation a - youth mentorship program focusing on 6th - 12th grade students who have been categorized by the school district as low socioeconomic (lsec), economically disadvantaged, or at risk. This program provides services to its students from 6th grade until graduation. Services include tutoring, financial literacy, goal setting, financing college, entrepreneurship, and more
The 9 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $884,426.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $7k to $156k (+2097%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 2%. Grants only. Government contracts and fees sit inside program revenue.
97% of LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT’s revenue is contributions — more reliant on donations than three-quarters of its peers (82% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2019 → 2023: the base broadened from 1 funder to 7 funders, grant income rose $30k → $414k.
3 of 11 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 17% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT leans on a few funders — its largest provides 66% of grant income and the top three 86%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
90% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT.
Largest funder’s share by year: 2019 100% · 2020 92% · 2021 74% · 2022 43% · 2023 31% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
83% of LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT's funders are still giving 2 years after their first grant; 55% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT draws 83% of its grant income from funders outside Texas, across 4 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $376k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT has grown faster than three-quarters of the 1,928 youth development nonprofits its size.
this organization peer median middle 50% of peers· 1,928 youth development nonprofits $1M–$10M, FY2024
Organizations like LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Texas
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
78% of spending goes to programs.
Governance
Public support
97%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT?
- LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT (Texas) receives grants from 11 organizations whose IRS filings report $2,202,350 to it, the largest being LOCAL INITIATIVES SUPPORT CORPORATION ($1,442,542). 6 of them have funded it in more than one year.
- How many funders does LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT have?
- IRS filings report 11 organizations giving $2,202,350 in grants to LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT, 6 of which have funded it in more than one year.
- Who is the largest funder of LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT?
- LOCAL INITIATIVES SUPPORT CORPORATION is the largest funder on record, with $1,442,542 in grants. The full list of funders is on this page.
- How can an organization like LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Texas. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Legacy Institute for Financial Empowerment →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 11 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing