Legacy For The Kingdom
- Assets
- $44.6m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 09/2009
- Data as of
- 06/2021
- EIN
- 20-5074017
Organization Overview
Legacy For The Kingdom is located in Phoenix, AZ. The organization was established in 2009. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy For The Kingdom 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 06/2021, Legacy For The Kingdom generated $3.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.8m during the year ending 06/2021. While expenses have increased by 2.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO BENEFIT THE FIRST ASSEMBLY OF GOD OF PHOENIX AND TO OWN COMPANIES WHICH IN TURN OWN REAL PROPERTY AND LEASE IT BACK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVED RENT ON REAL PROPERTY FOR CHARITABLE PURPOSES AND PAID EXPENSES TO SUCH REAL PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Atwood Standley President | OfficerTrustee | 5 | $0 |
Bob Downing Treasurer | OfficerTrustee | 5 | $0 |
Tommy Robertson Secretary | OfficerTrustee | 10 | $0 |
Dale Lane Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,206,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,207,876 |
| Noncash contributions included in lines 1a–1f | $492,381 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,413,876 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $805,470 |
| 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 | $3,223,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,076 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $766 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,024,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,771,159 |
| Insurance | $0 |
| All other expenses | $9,502 |
| Total functional expenses | $2,835,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $491,631 |
| Savings and temporary cash investments | $0 |
| 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 | $3,000 |
| Net Land, buildings, and equipment | $43,957,563 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $160,868 |
| Total assets | $44,613,062 |
| Accounts payable and accrued expenses | $51,509 |
| Grants payable | $0 |
| Deferred revenue | $409,392 |
| 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 | $20,263,657 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,491 |
| Total liabilities | $20,735,049 |
| Net assets without donor restrictions | $23,739,072 |
| Net assets with donor restrictions | $138,941 |
| 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 | $44,613,062 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Legacy For The Kingdom has recieved totaling $1,550,778.
| Awarding Organization | Amount |
|---|---|
Dream Institute Inc Phoenix, AZ PURPOSE: MORTGAGE PAYMENT ASSISTANCE | $834,634 |
Mission Create Phoenix, AZ PURPOSE: DONATION OF ASSETS INCLUDING CAMP PROPERTY, FIXTURES AND FURNISHINGS. | $716,144 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Purpose Driven Connection Rancho Santa Margarita, CA | $29,393,570 | $25,518,921 |
Bethel Music Redding, CA | $17,020,388 | $17,178,099 |
New Life Holding Corporation Woodland Park, CO | $112,165,344 | $1,723,190 |
Stewardship Endowment Fund Scottsdale, AZ | $47,139,512 | $6,876,380 |
Conference Claimants Endowment Bd California Ann Conf Methodist Ch Stockton, CA | $134,531,224 | $10,421,570 |
Bethel Media Redding, CA | $2,416,750 | $3,101,104 |
Legacy For The Kingdom Phoenix, AZ | $44,613,062 | $3,223,185 |
Catholic Community Foundation Of San Diego San Diego, CA | $89,259,750 | $4,327,946 |
Secrets Unsealed Fresno, CA | $5,504,604 | $3,996,381 |
A P Reilly Foundation Santa Monica, CA | $46,201,571 | $194,000 |
Colorado Springs Utilities Foundation Colo Springs, CO | $2,751,625 | $1,147,424 |
The Olympic Club Foundation San Francisco, CA | $6,547,843 | $1,319,679 |