Mission
THE ORGANIZATION WAS ESTABLISHED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO, AND FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE LEGACY COLLEGE PREPARATORY CHARTER SCHOOL IN THE STATE OF NEW YORK.
Public Charity
FRIENDS OF LEGACY INC
FRIENDS OF LEGACY INC, of BRONX, NY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $-568K in revenue, $630K in expenses, $62.9M in total assets. IRS filings disclose 1 grants awarded by this foundation, totaling roughly $400K.
EIN: 850964002
BRONX, NY
Single Organization Support
NTEE: B11
Latest filing: 2025
Total Revenue$-568K
Total Expenses$630K
Total Assets$62.9M
Grants Given1
Grant Total$400K
Filing Years2021–2025
Where $100 goes at Friends of Legacy Inc
How Friends of Legacy Inc divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.
$93
Programs
the work itself
$7
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $93 for programs
$93
Rental of building to charter school
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
OPERATING SUPPORT
$400,000
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
BOARD CHAIR
Catherine Hausmann
TREASURER
Michael Rakiter
SECRETARY
Yvonne Guiellen
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $-568K | $630K | $62.9M |
| 2024 | $-654K | $609K | $70.8M |
| 2023 | $-88K | $1.1M | $72.8M |
| 2022 | $963K | $476K | $1.3M |
| 2021 | $663K | $266K | $824K |
Between 2021 and 2025, reported annual revenue moved from $663K to $-568K, with total assets most recently reported at $62.9M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in NY.
NY
Full geographic grant map with state-by-state breakdown available with membership.