Legatus Inc
- Assets
- $8.0m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 40
- Location
- Ann Arbor, MI
- Founding
- 09/1989
- Data as of
- 12/2022
- 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 12/2022, Legatus Inc employed 40 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 12/2022, Legatus Inc generated $6.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $5.5m during the year ending 12/2022. 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
2022
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 |
|---|---|---|---|
Thomas S Monaghan Founder & Chairman | OfficerTrustee | 2 | $0 |
Randall W Hammond Director | Trustee | 1 | $0 |
Jerry R Jones Director | Trustee | 1 | $0 |
S Craig Henry Director | Trustee | 1 | $0 |
Rev Sam Jacobs Non-Voting Director | Trustee | 1 | $0 |
Sean J Bellew Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,887,465 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,591 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,928,056 |
| Total Program Service Revenue | $1,755,997 |
| Investment income | $84,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $6,647,329 |
| 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. | $423,386 |
| Compensation of current officers, directors, key employees. | $423,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,640,651 |
| Pension plan accruals and contributions | $75,876 |
| Other employee benefits | $239,989 |
| Payroll taxes | $161,381 |
| Fees for services: Management | $325,706 |
| Fees for services: Legal | $13,092 |
| 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 | $70,249 |
| Office expenses | $252,152 |
| Information technology | $131,028 |
| Royalties | $0 |
| Occupancy | $75,703 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,474,131 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,993 |
| Insurance | $19,302 |
| All other expenses | $25,000 |
| Total functional expenses | $5,540,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,928,947 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $464,455 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,253 |
| Prepaid expenses and deferred charges | $583,492 |
| Net Land, buildings, and equipment | $374,351 |
| Investments—publicly traded securities | $2,632,971 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,998,469 |
| Accounts payable and accrued expenses | $1,269,819 |
| Grants payable | $0 |
| Deferred revenue | $3,765,153 |
| 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 | $0 |
| Other liabilities | $322,233 |
| Total liabilities | $5,357,205 |
| Net assets without donor restrictions | $1,725,739 |
| Net assets with donor restrictions | $915,525 |
| 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 | $7,998,469 |