Charity Search / FOUNDATION OF THE LEGACY GUILD
Education (B82) IRS Verified DX Registered 990 on File

FOUNDATION OF THE LEGACY GUILD

EIN: 46-0888441 · WESTERN SPRGS, IL 60558-1514 · United States · FY 2024 Data
3 out of 5 58 / 100 Based on 2+ years of filings
Financial strength (30%) 85/100
Reliability (20%) 50/100
Effectiveness (25%) 90/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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FOUNDATION OF THE LEGACY GUILD logo
CharityAI™ Score
Not yet evaluated
Mission Statement

The Legacy Guild is nonprofit fellowship group that provides college scholarships and mentorship to local students who have lost a parent. We honor the legacy of those who have died by helping send their children to college. Since our founding in 2012, and with the support of hundreds of individuals and local businesses throughout Lyons Township High School District 204, we have distributed $1.9 Million in college and trade school scholarships to 268 Scholars.

Financial Overview — FY 2024
$318K
Total Revenue
$271K
Total Expenses
$1.1M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 85.6%
Fundraising Efficiency 9.4%
Operating Reserve 47.42x
Liability-to-Asset 0.0%
Revenue Diversification 68.0%
Executive Compensation $0
Compared with Peers
FY 2024
Compared with 15,968 similar organizations (United States, Education, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
85.6% 89.3%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
5.9% 8.2%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
8.5% 0.0%
P10P90
Bottom quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
9.4% 2.5%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
47.4 mo 9.3 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 0.3%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
68.0% 89.4%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
-13.0% 8.4%
P10P90
Expense growth
Year over year expense growth
-1.2% 9.0%
P10P90
Surplus margin
Surplus as a share of revenue
14.8% 2.8%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $318K $271K $1.1M 85.6% 0
2023 $365K $274K $957K 86.5% 0
2022 $308K $253K $801K 88.8% 0
2021 $366K $214K N/A 0
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Organization Details
EIN
46-0888441
State
IL
City
WESTERN SPRGS
ZIP
60558-1514
Classification
B82
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
2012
Foundation Code
15
Form 990
On File
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