Legatus Inc
- Assets
- $6.9m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 27
- Location
- Ann Arbor, MI
- Founding
- 09/1989
- Data as of
- 12/2021
- EIN
- 38-2776542
Organization Overview
Legatus Inc is located in Ann Arbor, MI. The organization was established in 1989. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Legatus Inc employed 27 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Legatus 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 12/2021, Legatus Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $5.5m during the year ending 12/2021. While expenses have increased by 0.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND PROMOTE BUSINESS ETHICS AND SUPPORT AN INTIMATE UNION BETWEEN FAITH AND LIFE.
Describe the Organization's Program Activity:
CHAPTER SUPPORT: LEGATUS IS MADE UP OF NUMEROUS LOCAL CHAPTERS. THE NATIONAL OFFICE PROVIDES STAFF SUPPORT, RESOURCES, A MAGAZINE AND ASSISTANCE WITH MEMBERSHIP.
CONFERENCES: LEGATUS SPONSORS CONFERENCES AND PILGRIMAGES FOR ITS MEMBERS AND OTHERS. THESE ACTIVITIES FOCUS ON SPIRITUAL GROWTH AND ETHICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Henley Executive Director | Officer | 40 | $211,102 |
Amy Dillon Southeast Region Director | 40 | $155,395 | |
Paul Rzepka CFO | 40 | $141,356 | |
Laura Sacha Development | 40 | $116,930 | |
Kenneth Darnell Central Region Director | 40 | $110,372 | |
Nathaniel Wine Great Lakes Region Director | 40 | $107,538 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,632,836 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,602 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,686,438 |
| Total Program Service Revenue | $1,546,138 |
| Investment income | $184,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $153 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,856,045 |
| 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. | $352,458 |
| Compensation of current officers, directors, key employees. | $352,458 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,507,872 |
| Pension plan accruals and contributions | $54,783 |
| Other employee benefits | $210,900 |
| Payroll taxes | $136,943 |
| Fees for services: Management | $258,583 |
| Fees for services: Legal | $5,125 |
| 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 | $9,967 |
| Office expenses | $93,920 |
| Information technology | $124,355 |
| Royalties | $0 |
| Occupancy | $73,913 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,690,953 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,206 |
| Insurance | $19,104 |
| All other expenses | $25,000 |
| Total functional expenses | $5,474,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,288,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,988 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,663 |
| Prepaid expenses and deferred charges | $536,485 |
| Net Land, buildings, and equipment | $55,779 |
| Investments—publicly traded securities | $2,857,661 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,863,625 |
| Accounts payable and accrued expenses | $929,926 |
| Grants payable | $0 |
| Deferred revenue | $3,668,427 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $399,927 |
| Other liabilities | $0 |
| Total liabilities | $4,998,280 |
| Net assets without donor restrictions | $962,012 |
| Net assets with donor restrictions | $903,333 |
| 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 | $6,863,625 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Legatus Inc has recieved totaling $23,116.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: RELIGIOUS | $7,336 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $5,780 |
Endowment Analysis
| Beg. Balance | $2,155,496 |
| Earnings | $566,148 |
| Net Contributions | $29,410 |
| Ending Balance | $2,751,054 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dynamic Catholic Institute Cincinnati, OH | $46,011,933 | $24,743,201 |
Holy Cross Village At Notre Dame Inc Notre Dame, IN | $38,111,514 | $15,375,443 |
Legatus Inc Ann Arbor, MI | $6,863,625 | $5,856,045 |
Fidelis Madison, WI | $2,636,949 | $4,754,241 |
Society Of St Vincent De Paul Archdiocesan Council Of Indianapolis, IN | $9,105,471 | $5,968,988 |
Cise Cincinnati, OH | $26,854,331 | $7,324,023 |
Shrine Of Our Lady Of Guadalupe Of The Diocese Of La Crosse Inc La Crosse, WI | $53,966,591 | $4,547,463 |
Holy Love Ministries North Ridgeville, OH | $21,288,130 | $2,402,696 |
The Evangelical Catholic Inc Madison, WI | $1,045,637 | $2,564,857 |
Sacred Heart At Monastery Lake Inc Franklin, WI | $12,481,304 | $2,150,033 |
Marian Wayside Shrine Foundation Inc Saint John, IN | $16,789,912 | $5,177,827 |
Cristo Rey Jesuit Corporate Work Study Program Inc Milwaukee, WI | $540,902 | $2,112,972 |