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ASHBY LEGACY FUND

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Public IRS 990 nonprofit record

ASHBY LEGACY FUND

EIN 83-2211346 · Scholarships & Student Financial Aid (B82)

What they do

ASHBY LEGACY FUND (ALF) is A COMMUNITY-LED ORGANIZATION THAT INVESTS IN THE PRESERVATION of ASHBY AS A SPECIAL PLACE to LIVE for GENERATIONS to COME. THE SPECIFIC PURPOSE of THE CORPORATION is EDUCATIONAL and CHARITABLE.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $74.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

33.36%of revenue went to mission work74.7% of expenses · Program services
0.55%of revenue went to fundraising1.2% of expenses
$44.69spent for every $100 of revenueRevenue covered expenses this year.
10.78%of revenue went to management and office costs24.1% of expenses
$11.02in assets for every $1 spent this yearSome assets cannot be spent right away.
81.0%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $24,000 for HEIDI HOFF (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$365,388
Mission workProgram services$121,90733.36% of revenue74.7% of expenses
ManagementOffice and general costs$39,37810.78% of revenue24.1% of expenses
FundraisingAsking for donations$2,0000.55% of revenue1.2% of expenses
Revenue left after expensesReported annual surplus$202,10355.31% of revenueShown in gray on the chart
Total expenses$163,28544.69% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 74.7% mission · 24.1% management · 1.2% fundraisingTotal expenses: 44.69% of revenue
2023Expense mix: 85.5% mission · 14.5% management · 0.0% fundraisingTotal expenses: 75.65% of revenue
2022Expense mix: 89.8% mission · 10.2% management · 0.0% fundraisingTotal expenses: 50.12% of revenue
2021Expense mix: 88.9% mission · 11.1% management · 0.0% fundraisingTotal expenses: 72.01% of revenue
2020Expense mix: 93.9% mission · 6.1% management · 0.0% fundraisingTotal expenses: 64.48% of revenue
2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 9.96% of revenue

Money in and money out

Revenue$365,388
Expenses$163,285
Annual surplus $202,103 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$121,907 · 74.7% of expenses
Management and office costs$39,378 · 24.1% of expenses
Fundraising$2,000 · 1.2% of expenses
See all reported dollar amounts
Revenue$365,388
Expenses$163,285
Assets$1,800,019
Income$919,001
Contributions$295,789
Mission work (program services)$121,907
Fundraising$2,000
Grants given$264,680
Average grant$22,057
Management and general$39,378
Stocks and bonds$1,745,322
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
HEIDI HOFFPRESIDENT · 10 hrs/week $24,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

HEIDI HOFFPRESIDENT

DALLAS RYLANDERDIRECTOR

DWIGHT WALVATNEDIRECTOR

ERIC SCHOENBAUERDIRECTOR

ERIN PETERSONDIRECTOR

HEATHER DEWEYSECRETARY

JON MOOREDIRECTOR

JORDAN LILLEMONDIRECTOR

NICK OLSONDIRECTOR

RENEE MELBYDIRECTOR

ROBERT NELSONDIRECTOR

SUZANNE WINGDIRECTOR

About this charity

Recognized since
January 2019
Location
PO BOX 301, ASHBY, MN 56309-0301
County
Grant
In care of
% ROB NELSON
Primary officer
ROBERT NELSON, DIRECTOR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
NORTHROCK PARTNERS TAX SERVICES LLC
NTEE classification
Scholarships & Student Financial Aid (B82)
IRS tax category
Scholarships & Student Financial Aid
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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