OVMS LEGUM LEGACY CHARITY Charity Report

Public IRS 990 nonprofit record

OVMS LEGUM LEGACY CHARITY

EIN 84-2294797 · Public Foundations (T30)

What they do

THE OVMS LEGUM LEGACY CHARITY WAS BORN OUT of THE IDEA of PROVIDING A PLATFORM of CHARITABLE CONTRIBUTIONS and COMMUNITY INVOLVEMENT for ALL OVM FINANCIAL EMPLOYEES, REFERRAL PARTNERS and CLIENTS. OVM HAS A LONGSTANDING TRADITION of COMMUNITY GENEROSITY and THIS CHARITY WILL ALLOW THE COMPANY to ENCOURAGE MORE INCLUSION THROUGHOUT ALL AREAS of THE ORGANIZATION. AARON ARCHER LEGUM, ONE of OVMS FOUNDERS, WAS ALSO A STAUNCH BELIEVER IN GIVING and SHARING WITH THOSE IN NEED. THE COMBINED BELIEFS and WISHES of AARON and OVM WILL BE SHARED, IN GREATER A CAPACITY WITH THE CREATION of THE OVM LEGUM LEGACY CHARITY.

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $0.00 was reported for mission work and $50.90 for fundraising. Understand this before you give.

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 leaders3 people are listed in the latest report.

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

Money made simple

81.04%of revenue went to fundraising50.9% of expenses

$159.25spent for every $100 of revenueSpending was higher than revenue this year.

78.21%of revenue went to management and office costs49.1% of expenses

$0.16in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

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

Worth asking: Expenses exceeded revenue by $2,137 this year. Ask whether that was planned or caused by a one-time event.

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.

$100revenue

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$3,607

Mission workProgram services0.00% of revenue0.0% of expenses

ManagementOffice and general costs$2,82178.21% of revenue49.1% of expenses

FundraisingAsking for donations$2,92381.04% of revenue50.9% of expenses

Total expenses$5,744159.25% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Pause before giving. This filing reports that 50.9% of spending went to fundraising and 0.0% went to mission work. Ask the charity to explain these numbers and show recent results.

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: 0.0% mission · 49.1% management · 50.9% fundraisingTotal expenses: 159.25% of revenue

2023Expense mix: 9.7% mission · 6.6% management · 83.7% fundraisingTotal expenses: 151.40% of revenue

2022Expense mix: 33.3% mission · 1.9% management · 64.9% fundraisingTotal expenses: 92.47% of revenue

Money in and money out

Revenue$3,607

Expenses$5,744

Annual shortfall $2,137 Expenses were higher than revenue 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.

Management and office costs$2,821 · 49.1% of expenses

Fundraising$2,923 · 50.9% of expenses

See all reported dollar amounts

Revenue$3,607

Expenses$5,744

Assets$894

Income$3,607

Contributions$3,607

Fundraising$2,923

Grants given$70,156

Average grant$11,693

Management and general$2,821

People

Leadership and board

Tax year 2024

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

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (3)

ADAM NEWMANPRESIDENT

LUCY NEWMANTREASURER

NICOLE LEGUMSECRETARY

About this charity

Recognized since: January 2019
Location: 5040 CORPORATE WOODS DR STE 100, VIRGINIA BCH, VA 23462-4377
County: Virginia Beach (city)
In care of: % ADAM NEWMAN
Primary officer: ADAM NEWMAN, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(757) 605-0500

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BLUE ORANGE CPA GROUP
NTEE classification: Public Foundations (T30)
IRS tax category: Public Foundations
Grant-giving organization: Yes