Legacy for LS Parks Foundation, Inc.
Meets Standards
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
Legacy for LS Parks Foundation, Inc. meets the 20 Standards for Charity Accountability.
Stated Purpose:
The Legacy for LS Parks Foundation serves the community by procuring funds and resources to develop, enhance and sustain Lee's Summit Parks and Recreation amenities.
Year, State Incorporated:
2008, MO
Originally established as the Legacy for Parks Foundation in 2008 by a group of like-minded citizens with a passion and drive for a common interest - parks and recreation in Lee's Summit. These community leaders saw the need for a mechanism for the community to participate in the enhancement of our already amazing amenities through an avenue separate from the traditional municipal structure. Over time, the Foundation has grown and evolved. Recently undergoing a "re-energizing process," the Board determined it was time for a new name, a new look, and new initiatives. Today, the Legacy for LS Parks Foundation, a 501(c)(3) nonprofit corporation, provides a valuable fundraising outlet to the community, allowing individuals to support the betterment of our parks and recreation system in a variety of ways. Our Board of Directors works closely with the staff and Board of Lee's Summit Parks and Recreation to identify projects, initiatives and programs which meet its' objectives and priorities for providing funding and support. Over the years, the Foundation has provided support to a number of large-scale projects in the parks system, including a $25,000 contribution in 2014 to Lee's Summit's inaugural splash pad, located at Miller J. Fields Park, as well as a $20,000 grant towards renovations at Pleasant Lea Park, which also assisted the Department in qualifying for a project grant through the Land Water Conservation Act. Most recently, the Foundation provided a $27,300 contribution towards outdoor improvements at Gamber Community Center, a facility for all generations, offering a multitude of opportunities for patrons, including fitness equipment and programming, lifelong learning opportunities, art programs, summer activities, and rental space for community events of all types. The Foundation is also proud to provide funds to support LSPR's smaller efforts, such as the installation of the public art piece "Twisted Sister" at the Legacy Park Amphitheater, which was made possible through matching grants by the Foundation and the Lovell Family Foundation. Finally, the Foundation supports LSPR and its staff in various ways, including employee recognition events and activities.
For the year ended December 31, 2023, Legacy for LS Parks Foundation, Inc.'s program expenses were:
| Programs | $40,935 |
| Total Program Expenses | $40,935 |
Chair of the Board
Jackie McCormick Heanue, Community Volunteer
Chair's Profession / Business Affiliation
Board Size
7
Paid Staff Size
0
Method(s) Used:
Grant proposals, Planned giving arrangements
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Legacy for LS Parks Foundation, Inc.'s unaudited financial statements for the year ended December 31, 2023.
Source of Funds
| Memorial Benches | $11,250 |
| Cash Donations | $10,298 |
| Realized Capital Gains | $3,912 |
| Dividend Income | $2,493 |
| Butterfly Garden Stones | $1,575 |
| Interest Earned | $981 |
| Angel Fund Donations | $818 |
| In Kind Donations | $212 |
| Total Income | $31,539 |
Programs: 90% Fundraising: 5% Administrative: 4%
| Total Income | $31,539 |
| Total expenses: | $45,336 |
| Program expenses | $40,935 |
| Fundraising expenses | $2,486 |
| Administrative expenses | $1,915 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-13,797 |
| Beginning Net Assets | $176,517 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $162,720 |
| Total Liabilities | $0 |
| Total Assets | $162,720 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB in Nebraska, South Dakota, Kansas Plains & SW Iowa