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L&K Legacy Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$172k (2024)

Expenses
$216k (2024)

Total Assets
$2.4M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2017 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$172,261
Expenses
$215,644
Net Income
-$43,383
Net Assets
$2,396,560
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $12,965
7.5%
Sales of Assets $33,795
19.6%
Other Income $125,501
72.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $195,984
90.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,396,560
Total Liabilities $0
Net Assets $2,396,560
Compensation
Key Employees and Officers Compensation Other
Derrick Morgan (Trustee) $0 $0
Charity Morgan (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$191,611
Expenses
$30,877
Net Income
$160,734
Net Assets
$2,548,866
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,208
0.6%
Interest Revenue $115
0.1%
Dividends $10,840
5.7%
Sales of Assets $173,904
90.8%
Other Income $5,544
2.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $23,450
75.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,548,866
Total Liabilities $0
Net Assets $2,548,866
Compensation
Key Employees and Officers Compensation Other
Derrick Morgan (Trustee) $0 $0
Charity Morgan (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$86,924
Expenses
$53,379
Net Income
$33,545
Net Assets
$2,388,132
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,626
3.0%
Interest Revenue $0
Dividends $7,917
9.1%
Sales of Assets $1,381
1.6%
Other Income $75,000
86.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $47,533
89.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,388,132
Total Liabilities $0
Net Assets $2,388,132
Compensation
Key Employees and Officers Compensation Other
Derrick Morgan (Trustee) $0 $0
Charity Morgan (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$50,460
Expenses
$7,135
Net Income
$43,325
Net Assets
$2,354,587
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $13,100
26.0%
Interest Revenue $0
Dividends $12,576
24.9%
Sales of Assets $24,784
49.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,576
36.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,354,587
Total Liabilities $0
Net Assets $2,354,587
Compensation
Key Employees and Officers Compensation Other
Derrick Morgan (Trustee) $0 $0
Charity Morgan (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$107,802
Expenses
$58,519
Net Income
$49,283
Net Assets
$1,507,670
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $123,700
> 100%
Interest Revenue $0
Dividends $15,866
14.7%
Sales of Assets -$31,764
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,500
4.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,507,670
Total Liabilities $0
Net Assets $1,507,670
Compensation
Key Employees and Officers Compensation Other
Derrick Morgan (Trustee) $0 $0
Charity Morgan (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$40,820
Expenses
$933,627
Net Income
-$892,807
Net Assets
$1,458,386
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $40,147
98.4%
Sales of Assets $673
1.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $183,627
19.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,458,387
Total Liabilities $1
Net Assets $1,458,386
Compensation
Key Employees and Officers Compensation Other
Derrick Morgan (Trustee) $0 $0
Charity Morgan (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,117,948
Expenses
$63,879
Net Income
$1,054,069
Net Assets
$2,318,106
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,038,500
92.9%
Interest Revenue $0
Dividends $38,275
3.4%
Sales of Assets $0
Other Income $41,173
3.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,318,106
Total Liabilities $0
Net Assets $2,318,106
Compensation
Key Employees and Officers Compensation Other
Derrick Morgan (Trustee) $0 $0
Charity Morgan (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,407,809
Expenses
$0
Net Income
$1,407,809
Net Assets
$1,407,809
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,407,809
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,407,809
Total Liabilities $0
Net Assets $1,407,809
Compensation
Key Employees and Officers Compensation Other
Derrick Morgan Trustee (Founder) $0 $0
Charity Morgan Trustee (Trustee) $0 $0

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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