Legacy Institute for Financial Education
Preparing Tomorrow's Legacies Today
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Financial Opportunity Center (FOC)
LIFE's Financial Opportunity Center utilizes a bundled services model consisting of income supports coaching, employment coaching, and financial coaching. The goal of this program is to increase net income, improve credit scores, and reduce debt of low-to-moderate income households in Angelina County and its surrounding counties.
Campus L.I.F.E.
Campus L.I.F.E. is a program designed to prepare college students for their financial lives beyond graduation. Subject matter includes personal finance, goal setting, investments, and understanding corporate benefits packages.
Generation A
Generation A was developed to assist economically disadvantaged students between the 6th and 12th grade who have a desire to break the cycle of poverty in their family. This program mentors these students in the areas of: Personal Finance, Goal Setting, Career Path Development, Personal Branding, and Professional Etiquette. These students are encouraged to attend early college high school (if available), at minimum attend a trade school upon graduating high school, or become an entrepreneur.
Next Chapter
Next Chapter is partnered with our LIFE Tech and Lufkin Urban Garden & Market programs, local employers, and community partners, to help individuals with barriers gain fundamental skills for future employment by providing support, knowledge, guidance, and opportunities.
LIFE Tech
LIFE Tech is designed to train the future leaders of Information Technology in Deep East Texas. Our mission includes providing low-cost hardware to residents of Deep East Texas to help narrow the technology divide which impairs low-income households.
Participants in the LIFE Tech program have the opportunity to refurbish and repair computers, earn industry-recognized certifications, and begin a career in IT.
Lufkin Urban Garden & Market
The Lufkin Urban Garden & Market will serve as both a community garden and market in North Lufkin. Our goal is to improve the overall health of the community, create jobs and volunteer opportunities, and increase community involvement and support. We hope to be a place that can address much of the social, economic, and environmental disparities that many members of the North Lufkin Community face
Where we work
Awards
Rubinger's Community Fellowship Award 2021
Local Initiatives Support Corporation
Affiliations & memberships
LISC - Financial Opportunity Center 2019
External reviews
Photos
Videos
Our results
How does this organization measure their results? It's a hard question but an important one.
Evaluation documents
Download evaluation reportsNumber of youth who demonstrate motivation to learn
This metric is no longer tracked.Totals By Year
Population(s) Served
Economically disadvantaged people
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Context Notes
We define youth as 18 years of age and below.
Number of loans issued to clients
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Holding steady
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Reports and documents
Download strategic planLearn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
Our organization has the following goals:
- Eliminate financial illiteracy within economically disadvantaged communities by educating at least 100 students per year
- Provide a sound, biblically based personal finance and investment education that will change the mindset of our students about money and how it's to be managed
- Encourage the creation of generational wealth
- Demonstrating the power of sound investment management by creating an endowment fund that would be used to provide gifts, scholarships, etc. to those who may have a need and thereby validating the principle of "investing to give" to our students.
What are the organization's key strategies for making this happen?
We are aggressively pursuing partnerships with the school district, other non-profits (such as Goodwill, the Men's Fieldhouse [CMJC], and Angelina College), businesses, and community organizations to let them know what we do, and how our program could benefit their communities and organizations.
What are the organization's capabilities for doing this?
We are currently limited in this effort due to a lack of funds for marketing as well as our inability to hire an employee. We are currently exploring the option of working with an intern from a local college or university who could increase our marketing efforts with very little cost.
Our program can be replicated and even provided via a distance learning course. However, the cost of producing quality videos and creating a secure site for its distribution while protecting the content has a cost associated with it that is beyond our current means.
What have they accomplished so far and what's next?
We've accomplished the development of a very detailed curriculum that is functional and effective. We also designed, built, and launched a website in 2015. 2016 has been a success thus far due to an increased web presence via Facebook, and our new partnerships.
We have not yet accomplished our goal of averaging 30 students per class. We're currently averaging 15 per class, but with improved marketing and community support, we should be able to meet our goals. Secondly, we have not been able to establish a consistent donor base of individuals and corporations. We're also beginning a fundraising campaign which will include grant writing.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve
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Which of the following feedback practices does your organization routinely carry out?
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What challenges does the organization face when collecting feedback?
It is difficult to get honest feedback from the people we serve, It is difficult to identify actionable feedback
Financials
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Operations
The people, governance practices, and partners that make the organization tick.
Connect with nonprofit leaders
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- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.
Connect with nonprofit leaders
SubscribeBuild relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.
- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.
Legacy Institute for Financial Education
Board of directorsas of 08/22/2022
Mr. Reagan McClenny
Timberland Drive Church of Christ
Term: 2021 - 2023
Timothy Walker
Texas Parks & Wildlife
Maxine Peters-Giles
ComproTax
Malcolm Deason
Southside Bank
Martha Maldonado
La Unica Express
Krystal Riley
Skelton Slusher Barnhill Watkins Wells
Monica Peters-Clark
Workforce Solutions - Deep East Texas
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Transgender Identity
Sexual orientation
Disability
We do not display disability information for organizations with fewer than 15 staff.
Equity strategies
Last updated: 08/22/2022GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We review compensation data across the organization (and by staff levels) to identify disparities by race.
- We ask team members to identify racial disparities in their programs and / or portfolios.
- We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
- We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
- We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
- We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.