Mission:

The Legacy Guild honors the memory of parents who have died by providing their surviving children with career mentoring and college scholarships.

 thelegacyguild.com
 |  823 BURLINGTON AVE Western Sprgs IL 60558-1514

Foundation of the Legacy Guild is headquartered in Western Sprgs, IL, and is a 501(c)(3) organization. EIN: 46-0888441.  Donations are tax-deductible. The IRS NTEE classification code is B82, Scholarships, Student Financial Aid Services, Awards within the Educational Institutions and Related Activities category. The IRS ruling year for tax exemption was 2012.

(Source: IRS Business Master File and Form 990)


...  ...  ...  ...  

Encompass Rating System by Charity Navigator


Charity Navigator’s Encompass Rating System evolves on a quarterly basis as we add new metrics and indicators, which we call Beacons. Check back often to see how this organization’s score changes.

Learn about the Encompass Rating System: Announcement | FAQ | Release Notes


Overall Score
BETA

75

out of 100

This charity's score is a passing score.
This overall score is calculated entirely from a single beacon score:.

Do you work for Foundation of the Legacy Guild? Gain access to your rating toolkit.

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...   Finance & Accountability


Charity Navigator evaluates a nonprofit organization’s financial health including measures of stability, efficiency and sustainability. We also track accountability and transparency policies to ensure the good governance and integrity of the organization.


Finance & Accountability Score
BETA

Not Scored

We have not issued this nonprofit a Finance & Accountability score. This does not indicate a positive or negative assessment, only that we have not reached a conclusion for the following reason:

This organization cannot be evaluated by our Encompass Rating methodology due to only having 2 years of electronically-filed IRS Form 990 data.


To ensure year-to-year consistency the Encompass Rating System’s Finance & Accountability beacon analyzes the three-year average of some data provided through the IRS 990.
Charity Navigator currently only has 2 years of consecutive e-filed Forms 990 from the IRS for Foundation of the Legacy Guild under the EIN: 46-0888441.
Before Charity Navigator can evaluate this organization, Foundation of the Legacy Guild will need to e-file for additional fiscal years.


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Additional Information

Unscored

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Total Revenue and Expenses

Total Revenue and Expenses

This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.

Salary of Key Persons

Presented here are up to five of the highest compensated employees listed on page 7 of the IRS Form 990. This compensation data is displayed exactly how it is reported to the IRS. The amounts include salary, cash bonuses, and expense accounts. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. Read the IRS policies for compensation reporting here.

BOB BOCK, BOARD MEMBER

$0


BOB BOYD, BOARD MEMBER

$0


WILLIAM CARNEY, PRESIDENT/BOARD MEMBER

$0


BRIAN DAVIS, VICE PRESIDENT/BOARD MEMBER

$0


ANDREW JAMES, SECRETARY/BOARD MEMBER

$0


Source: IRS Form 990, filing year 2019

Business Master File Data

The Exempt Organization IRS Business Master File (BMF) includes cumulative information the IRS collects and displays for all exempt organizations. The data is updated monthly. Below are some key data points from the BMF for this organization. View information about the BMF on the IRS website here.


Activities:

Activity data not reported from the IRS


Foundation Status:

Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi) (BMF foundation code: 15)


Affiliation:

Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)

Data Sources: IRS Forms 990

The IRS Form 990 is the source of the finance and accountability data used within the Encompass Rating System. When an organization is eligible for a Finance & Accountability beacon score, each metric is based on elements of the 990. Some metrics are based on the most recent available filing, while others are based on averages of values over multiple years. We provide links to all available 990s here, whether or not this organization is eligible for a Finance & Accountability score.

IRS Forms 990 are provided courtesy of Foundation Center.

...   Impact & Results


Charity Navigator assesses how well a nonprofit delivers on its mission. To issue an Impact & Results score, we estimate the actual impact a nonprofit has on the lives of those it serves, and determine whether it is making good use of donor resources to achieve that impact.


Impact & Results Score
BETA

75

out of 100

This charity is cost-effective, earning a passing score.


Impact

$3,200 increases income for a scholarship recipient in need by $4,400.


Framework

Impact Analysis

We use impact analysis to rate service delivery nonprofits. We are developing new frameworks for assessing advocacy, systems change and similar nonprofits.


Data Collector

ImpactMatters


Do you work at Foundation of the Legacy Guild? Share your impact data to update your score.


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Impact & Results Report

75

of 100 points (BETA)


This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Rated Program

Rated Program


Program

Scholarship Program

Activities

Foundation Of The Legacy Guild grants scholarships to beneficiaries.

Program Type

Postsecondary Scholarships

Beneficiaries Served

People living in poverty; Students

Program Geography

Western Springs, IL

Time Period of Data

1/1/17 to 12/31/17


Learn how we assess the impact of nonprofits.

Outcomes and Cost

Outcomes: Changes in the lives of those served by a nonprofit. They can be caused by the nonprofit.

Costs: The money spent by a nonprofit and its partners and beneficiaries.

Impact: Outcome caused by a nonprofit relative to its cost.

Cost-effectiveness: A judgment as to whether the cost was a good use of resources to cause the outcome.


Outcome Metric

Increase in income for a scholarship recipient


Outcome Data Source

Ratings are based on data the nonprofit itself collects on its work. We use the most recent year with sufficient data. Typically, this data allows us to calculate direct changes in participants' lives, such as increased income.


Output data collected during the program. Foundation Of The Legacy Guild publicly reports data on the dollar value of all scholarships it grants and the number of scholarship recipients, which we use to calculate the additional income that the nonprofit's scholarship program generates.


Method for Attributing Outcomes

We don't know if the observed changes were caused by the nonprofit's program or something else happening at the same time (e.g., a participant got a raise). To determine causation, we take the outcomes we observe and subtract an estimate of the outcomes that would have happened even without the program (i.e., counterfactual outcomes).


We estimate the increase in income caused by a nonprofit's scholarship program in two steps. First, we compare the estimated postsecondary graduation rate of its scholars to that of comparable students who did not receive a scholarship (the "counterfactual"). Our estimates are drawn from rigorous social science studies of similar scholarship programs. The result is the number of scholars whose graduation was caused by the nonprofit. Second, we compare the earnings of graduates to non-graduates based on publicly available census data, matching on student demographic characteristics. We apply the earnings boost owing to a degree to those scholars whose graduation was caused by the nonprofit. Both steps are necessary to properly net out counterfactual successes from observed successes. Otherwise, we would be attributing changes (increase in graduation rate and increase in earnings) to the nonprofit when they would have happened anyway. Few nonprofits estimate the counterfactual themselves, so we construct our own counterfactual estimate based on research and publicly available data.


Cost Data Source

After estimating the program's outcomes, we need to determine how much it cost to achieve those outcomes. All monetary costs are counted, whether they are borne by a nonprofit service deliverer or by the nonprofit’s public and private partners.


Cost data reported by Foundation of the Legacy Guild and data and assumptions about partner and beneficiary costs.


Cost Calculation

$185,600 program costs + $13,992 partner costs + $13,992 beneficiary costs = $213,583 total costs


Impact and Determination

We calculate impact, defined as the change in outcomes attributable to a program divided by the cost to achieve those outcomes.

Impact Calculation

$213,583 total costs / $293,072 additional income = roughly $3000 increases income for a scholarship recipient in need by $4000.

Benchmark for Rating

Impact & Results scores of postsecondary scholarship programs are based on income generated relative to cost. Programs receive an Impact & Results score of 100 if they increase income for a recipient by more than $1.50 for every $1 spent and a score of 75 if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the benchmark for cost-effectiveness, it earns a score of 50.

Determination

Cost-effective

Nonprofit Comment

Before publishing, we ask every nonprofit we can to review our work, offer corrections and provide a comment.


This nonprofit did not provide a comment

Why We Could Be Wrong


  • The outcome could oversimplify total impact. Using "increased income" as the metric of analysis may not intuitively convey the potential downstream benefits of receiving a scholarship, such as reduced financial stress. Additionally, our methodology may simplify the differing effects a scholarship has on different populations, such as refugees or people with illnesses.
  • There could be multiple important outcomes not captured in our analysis.
  • The nonprofit may be spending additional money in order to serve harder-to-reach and/or particularly valuable populations.
  • In the absence of better data, we assume uniform counterfactual rates for programs, at the risk of masking variation across nonprofits.
  • Our estimates rely on data made public by the nonprofit on its website, annual reports, financial statements and Form 990s.
  • We only analyze programs that meet our criteria. As a result, this report may not fully reflect the impact of the nonprofit.
  • We do not assess what explains the nonprofit's cost-effectiveness.

Analysis Details


Analysis conducted in 2019 by ImpactMatters. An analyst searched the Form 990s, annual reports, audited financials and the website of Foundation of the Legacy Guild to calculate impact and rate cost-effectiveness. A second analyst conducted quality control.

Additional Information

Unscored

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Largest Programs

Largest Programs



Foundation of the Legacy Guild reported its largest program on its FY 2019 Form 990 as:


$229,456

Spent in most recent FY

100%

Percent of program expenses


The Legacy Guild awarded 92 educational scholarships during 2019 for post-secondary studies.


...   Leadership & Adaptability


Charity Navigator will provide an assessment of the organization’s leadership capacity, strategic planning, and the ability to readily innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization’s mission.


Leadership & Adaptability Score
BETA

Coming Soon

Encompass Rating Beta V3 does not provide an evaluation of the organization's leadership and adaptability.


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...   Culture & Community


Charity Navigator provides an assessment of the organization's engagement with the constituents it serves, a practice we term Constituent Feedback. A future version of this Beacon will also assess an organization's people operations and its Diversity, Equity and Inclusion (DEI) metrics.


Culture & Community Score
BETA

Not Scored

This organization is not eligible for a Culture & Community score. See report below to find out why.

Encompass Rating Beta V3 provides an evaluation of an organization's Culture and Community by measuring its Constituent Feedback practices. (See report below.) Constituent Feedback data provides 100% of the basis for the initial evaluation of the Culture & Community Beacon. Other metrics will be added later in the year.


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Culture & Community Report

Not Scored

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Constituent Feedback

Constituent Feedback


Constituent Feedback and Listening Practice data are not available for this organization. Nonprofit organizations are encouraged to fill out the How We Listen section of their Candid profile. This data will provide the basis for the initial evaluation of Culture & Community.


Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people and communities they serve, may be more effective. We award every nonprofit that completes the Candid survey full credit for this Beacon, in recognition of their willingness to publicly share this information with the nonprofit and philanthropic communities. Although the data is not evaluated for quality at this time, future iterations of this Beacon will include third party or other data that will serve to validate the information provided by the nonprofit.

Analysis and Research


Like the overall Encompass Rating System, the Culture & Community Beacon is designed to evolve as metrics are developed and ready for integration. Our partnership with Feedback Labs and Guidestar by Candid, and other partners including Fund for Shared Insight, GlobalGiving and Keystone Accountability, enables us to launch the first version of this beacon with Constituent Feedback information collected on Candid's site.


Feedback practices have been shown to support better Diversity, Equity, and Inclusion outcomes, an essential area of assessment that we intend to further expand and develop in the future. Feedback Labs has documented several studies which indicate that beyond achieving organizational goals, nonprofits that are attentive and responsive to concerns and ideas raised by beneficiaries establish stronger relationships with the people they serve, promote greater equity, and empower constituents in ways that can help to ensure better long-term outcomes. You can find resources to help nonprofits improve their feedback practices here.