The Legion Foundation
- Assets
- $6.1m
- Revenue
- $417.3k
- Investments
- $6.0m
- Employees
- 0
- Location
- Northville, MI
- Founding
- 02/1997
- Data as of
- 12/2023
- EIN
- 38-3330588
Organization Overview
The Legion Foundation is located in Northville, MI. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Legion Foundation 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 12/2023, Legion Foundation generated $417.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $500.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Legion Foundation has awarded 353 individual grants totaling $3,826,369. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Mulvoy President | 20 | $100,000 | |
William C Hanson Secretary | 0 | $0 | |
Maree R Mulvoy Vice President | 0 | $0 | |
Timothy Thewes Treasurer | 20 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $191,142 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $226,163 |
| Capital Gain Net Income | $226,163 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $417,305 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $36,329 |
| Interest | $0 |
| Taxes | $13,662 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,881 |
| Total operating and administrative expenses | $294,168 |
| Contributions, gifts, grants paid | $206,389 |
| Total expenses and disbursements | $500,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,910 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,149,071 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Legion Foundation has awarded $206,389 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BENZIE ROTARY CLUB PURPOSE: GRANT TO CHARITY | $5,000 |
CALVIN UNIVERSITY - AUSTIN LARR PURPOSE: SCHOLARSHIP FUND | $5,000 |
CRYSTAL SCHOLARSHIP FOUNDATION PURPOSE: GRANT OF CHARITY | $2,000 |
GRAND CANYON UNIVERSITY - HANSEN PARKER PURPOSE: SCHOLARSHIP FUND | $10,000 |
GRAND VALLEY STATE UNIVERSITY - DREW CONRADSON PURPOSE: SCHOLARSHIP FUND | $5,000 |
HACIENDA DE LUNA ASSISTED LIVING - PATRICK BOLAND MONTHLY GRANT PURPOSE: MEDICAL GRANT | $15,000 |