62nd & 65th Regiments Legacy Foundation Inc
- Assets
- $12.0m
- Revenue
- $762.5k
- Investments
- $11.7m
- Employees
- 0
- Location
- Jefferson City, MO
- Founding
- 08/1972
- Data as of
- 06/2021
- EIN
- 23-7325582
Organization Overview
62nd & 65th Regiments Legacy Foundation Inc is located in Jefferson City, MO. The organization was established in 1972. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 62nd & 65th Regiments 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 06/2021, 62nd & 65th Regiments Legacy Foundation Inc generated $762.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $346.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (17.1%) per year over the past 6 years. 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
THE PRIMARY MISSION OF THE FOUNDATION IS TO DEVELOP, MANAGE AND AWARD FUNDS FOR SCHOLARSHIPS IN ACCORDANCE WITH DONOR INTENT TO QUALIFIED LINCOLN UNIVERSITY STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT PAYMENTS IN SUPPORT OF STUDENT SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sylvia Wilson Executive Director | Trustee | 40 | $65,487 |
Hardy K Dorsey Sr President | OfficerTrustee | 3.75 | $0 |
Dr Emily Mahon Treasurer | OfficerTrustee | 3.75 | $0 |
John R Rencher Jr Secretary | OfficerTrustee | 1 | $0 |
Archie Brown Director | Trustee | 1 | $0 |
Rita Heard Days Director | Trustee | 0.5 | $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 | $97,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,942 |
| Total Program Service Revenue | $0 |
| Investment income | $166,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $483,270 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $762,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $81,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $29,132 |
| Compensation of current officers, directors, key employees. | $29,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,305 |
| Fees for services: Management | $40,551 |
| Fees for services: Legal | $10,701 |
| Fees for services: Accounting | $77,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44 |
| Office expenses | $47,607 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,481 |
| Travel | $60 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,258 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,302 |
| Insurance | $1,412 |
| All other expenses | $536 |
| Total functional expenses | $346,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $236,194 |
| 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 | $0 |
| Net Land, buildings, and equipment | $49,484 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,732,893 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,018,571 |
| Accounts payable and accrued expenses | $15,146 |
| Grants payable | $0 |
| 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 | $49,163 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $64,309 |
| Net assets without donor restrictions | $165,380 |
| Net assets with donor restrictions | $11,788,882 |
| 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 | $12,018,571 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 62nd & 65th Regiments Legacy Foundation Inc has recieved totaling $8,082.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $8,082 |
Endowment Analysis
| Beg. Balance | $8,398,335 |
| Earnings | $3,338,964 |
| Admin Expense | $356,541 |
| Net Contributions | $71,037 |
| Grants | $69,650 |
| Ending Balance | $11,382,145 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
North Park University Chicago, IL | $342,334,574 | $94,494,659 |
Park University Parkville, MO | $196,638,780 | $102,110,275 |
Christian Brothers University Memphis, TN | $107,139,654 | $73,065,264 |
University Of St Francis Joliet, IL | $100,705,114 | $74,870,772 |
Lindsey Wilson College Columbia, KY | $105,712,376 | $75,911,897 |
Loras College Dubuque, IA | $125,505,314 | $75,361,809 |
Cumberland University Lebanon, TN | $59,645,506 | $69,170,999 |
Southern Nazarene University Bethany, OK | $123,009,250 | $68,249,636 |
Baker University Baldwin City, KS | $111,599,532 | $59,186,378 |