NonprofitsLegacy Institute For Financial Empowerment

Youth Development

Legacy Institute For Financial Empowerment

LUFKIN, TX

Total revenue

$1.2M

Total expenses

$1.1M

Net assets

$7K

Grants received

$1.6M

14 grants

EIN

471941953

Tax year

2024

Mission

The legacy institute of financial education exists to economically mobilize our community by improving financial stability and providing workforce development.

Programs

8 programs

Financial 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.

Expenses: $174K

Life works- engaging justice involved community members in adult education programs through angelina college to provide unique services to reenter the workplace.

Expenses: $170K

Life 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.

Expenses: $143K

Life 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.

Expenses: $141K

Lef - 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).

Expenses: $29K

Cei -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).

Expenses: $6K

The 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

Financials

FY 2024

Revenue

Contributions & grants$1.1M
Program service revenue$33K
Investment income$4K
Other revenue$2K
Total revenue$1.2M

Expenses

Grants paid$200
Salaries & benefits$659K
Fundraising$2K
Other expenses$480K
Total expenses$1.1M
Total assets$828K
Net assets$7K

People

10 listed

NameRoleCompensation

WENDY WALKER

President

Board

2 hrs/wk

TIM WALKER

Secretary

Board

2 hrs/wk

MARTHA MALDONADO

Vice President

Board

1 hrs/wk

KRYSTAL RILEY

Director

Board

1 hrs/wk

MAXINE PETERS-GILES

Director

Board

1 hrs/wk

MONICA PETERS-CLARK

Director

Board

1 hrs/wk

CLAUDIA VALLADARES

Treasurer

Board

1 hrs/wk

SELLESTINE HUNT

Director

Board

1 hrs/wk

FRED KANKE

Director

Board

1 hrs/wk

BRENT MCCLAIN

Director

Board

1 hrs/wk

Grants received

Showing 14 of 14

FromAmountPurposeYear
$7K
SMALL DOLLAR LENDING
2023
$5K
FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS
2023
$100K
GENERAL OPERATIONS
2022
$33K
FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS
2021
$12K
SMALL DOLLAR LENDING
2021

Funded by

$1.6M from 6 funders · 14 grants · 2020–2024

Local Initiatives Support Corporation

$1.0M · 4 grants · 2020–2024

American Online Giving Foundation Inc

$305K · 3 grants · 2020–2022

Natl Christian Charitable Fdn Inc

$140K · 2 grants · 2022

Trellis Foundation

$100K · 1 grant · 2022

Globalgiving Foundation Inc

$39K · 2 grants · 2021–2023

Cba Fund

$19K · 2 grants · 2021–2023

Details

EIN471941953
NTEE codeO99
Subsection03
Ruling date2015-10
Formed2014
Employees10
Volunteers18
LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT — Mission, Financials & Grants Received | Grantivo