Capstone Legacy Foundation Inc
- Assets
- $5.1m
- Revenue
- $3.3m
- Investments
- $1.3m
- Employees
- 15
- Location
- Wayne, PA
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 20-3752969
Organization Overview
Capstone Legacy Foundation Inc is located in Wayne, PA. The organization was established in 2007. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Capstone Legacy Foundation Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capstone Legacy Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Capstone Legacy Foundation Inc generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Capstone Legacy Foundation Inc has awarded 82 individual grants totaling $3,553,542. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES DONORS WITH ASSISTANCE IN PHILANTHROPY AND PROVIDES FUNDING AND ADVOCACY FOR MINISTRIES AND OTHER NON PROFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONOR SERVICES PROVIDED PRIMARILY THROUGH DONOR ADVISED FUNDS WITH GRANTS TO NON-PROFIT CHARITABLE ORGANIZATIONS OPERATED FOR CHRISTIAN CHARITABLE RELIGIOUS AND EDUCATIONAL PURPOSES. REVENUE SHOWN HERE IS CLASSIFIED AS CONTRIBUTIONS IN PART I AND PART VIII. AMERICAN PASTORS NETWORK AND STATE CHAPTERS ARE A FISCAL SPONSORSHIP PROJECT. IT EDUCATES AND FOSTERS SUPPORT FOR SPIRITUAL AND CULTURAL ISSUES IN THE FOREFRONT OF PASTORAL MINISTRIES NATIONALLY REACHING AUDIENCES THROUGH RADIO AND TV BROADCASTS. REVENUE SHOWN HERE IS
AMERICAN PASTORS NETWORK AND STATE CHAPTERS ARE A FISCAL SPONSORSHIP PROJECT. IT EDUCATES AND FOSTERS SUPPORT FOR SPIRITUAL AND CULTURAL ISSUES IN THE FOREFRONT OF PASTORAL MINISTRIES NATIONALLY REACHING AUDIENCES THROUGH RADIO AND TV BROADCASTS. REVENUE SHOWN HERE IS CLASSIFIED AS CONTRIBUTIONS IN PART I AND PART VIII.
LIFT YOUR GAZE MINISTRIES IS A FISCAL SPONSORSHIP PROJECT. THE WORK OF THE PROJECT INVOLVES VISITS AND OTHER FORMS OF COMMUNICATION WITH INMATES IN CORRECTIONAL FACILITIES PRIMARILY IN FLORIDA. THE PURPOSE OF THE MINISTRY IS TO TEACH TRANSFORMATIONAL DISCIPLINES. IT INVOLVES A PUBLISHED BOOK WRITTEN BY THE MANAGER OF THE PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy H Hansen CEO | OfficerTrustee | 30 | $110,000 |
Thomas W Keyser Chief Financial Off | Officer | 36 | $93,565 |
Merrill R Steiner Secretarygen Counsel | OfficerTrustee | 10 | $74,780 |
Robert Claiborne Director | Trustee | 16 | $24,750 |
Sam Rohrer Officer | Officer | 40 | $38,375 |
George Meschter Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,248,367 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,248,367 |
| Total Program Service Revenue | $0 |
| Investment income | $334,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $654,652 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,255,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,356,356 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $29,555 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $317,471 |
| Compensation of current officers, directors, key employees. | $88,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $356,123 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,160 |
| Payroll taxes | $54,249 |
| Fees for services: Management | $111,587 |
| Fees for services: Legal | $46,064 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $281,541 |
| Office expenses | $30,960 |
| Information technology | $89,340 |
| Royalties | $0 |
| Occupancy | $74,180 |
| Travel | $57,809 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,006 |
| Interest | $36,596 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,787 |
| Insurance | $20,047 |
| All other expenses | $583,942 |
| Total functional expenses | $3,580,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,865 |
| Savings and temporary cash investments | $285,996 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $73,157 |
| Net Land, buildings, and equipment | $822,120 |
| Investments—publicly traded securities | $2,397,169 |
| Investments—other securities | $1,257,888 |
| Investments—program-related | $25,120 |
| Intangible assets | $0 |
| Other assets | $2,830 |
| Total assets | $5,128,145 |
| Accounts payable and accrued expenses | $57,077 |
| Grants payable | $35,730 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $662,122 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,796 |
| Total liabilities | $791,725 |
| Net assets without donor restrictions | $4,083,169 |
| Net assets with donor restrictions | $253,251 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,128,145 |
Grants Awarded
Over the last fiscal year, Capstone Legacy Foundation Inc has awarded $1,287,327 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ARMADA NETWORK PURPOSE: Used for Ukrainian relife | $114,500 |
BEACON BROADCASTING PURPOSE: Where most needed | $50,000 |
CENTRAL SCHWENKFELDER CHUR PURPOSE: Where most needed | $10,000 |
COUNTER CULTURE MOM PURPOSE: Where most needed | $21,467 |
CHARIOTS FOR HOPE PURPOSE: Where most needed | $60,000 |
FOUR RIVERS COMM BROADCAST PURPOSE: Where most needed | $50,000 |