Legacytree Foundation
- Assets
- $69.1m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Brentwood, TN
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 73-1556664
Organization Overview
Legacytree Foundation is located in Brentwood, TN. The organization was established in 2000. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Legacytree Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacytree 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 12/2021, Legacytree Foundation generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 7 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.
Since 2015, Legacytree Foundation has awarded 327 individual grants totaling $5,644,196. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SPIRITUAL, PHYSICAL AND HUMANITARIAN AID TO THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 LEGACYTREE FOUNDATION (LTF) PRESENTED 206 GRANTS TO WORTHY ORGANIZATIONS WHO PROVIDE THE HANDS-ON SERVICES OF FULFULLING LTF'S MISSION TO 'PROVIDE SPIRITUAL, PHYSICAL, AND HUMANITARIAN AID TO THOSE IN NEED.' GRANTS ARE DISTRIBUTED TO LTF'S CHOSEN CHARITABLE IMPACT PARTNERS IN ADDITION TO ORGANIZATIONS RECOMMENDED BY LTF DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Wolter President | OfficerTrustee | 40 | $200,283 |
Eugene Linkous Jr Board Member | Trustee | 1 | $0 |
Gregory Wolter Board Member | Trustee | 1 | $0 |
Jeffrey Swartzendruer Board Member | Trustee | 1 | $0 |
David Bunker Board Member | Trustee | 1 | $0 |
Nanette Beebe Secretary/treasurer | Officer | 40 | $159,433 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David Brett King Development | 12/30/19 | $101,500 |
Stephen A Stack Clu Development | 12/30/19 | $106,016 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $105,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,864,759 |
| Noncash contributions included in lines 1a–1f | $602,763 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,969,759 |
| Total Program Service Revenue | $0 |
| Investment income | $2,001,495 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,739 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,155,741 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $783,164 |
| 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. | $381,717 |
| Compensation of current officers, directors, key employees. | $114,515 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,552 |
| Pension plan accruals and contributions | $77,397 |
| Other employee benefits | $4,591 |
| Payroll taxes | $51,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,270 |
| Fees for services: Accounting | $79,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,940 |
| Advertising and promotion | $82,551 |
| Office expenses | $69,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,418 |
| Travel | $793 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,257 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,802,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,149,745 |
| Savings and temporary cash investments | $253,852 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,665 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $41,371 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,594 |
| Net Land, buildings, and equipment | $1,169 |
| Investments—publicly traded securities | $1,251,151 |
| Investments—other securities | $0 |
| Investments—program-related | $66,414,329 |
| Intangible assets | $0 |
| Other assets | $1,695 |
| Total assets | $69,146,571 |
| Accounts payable and accrued expenses | $83,684 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $58,243,622 |
| Total liabilities | $58,327,306 |
| Net assets without donor restrictions | $10,819,265 |
| Net assets with donor restrictions | $0 |
| 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 | $69,146,571 |
Grants Awarded
Over the last fiscal year, Legacytree Foundation has awarded $926,782 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: TO PROVIDE SPIRITUAL, PHYSICAL & HUMANITARIAN AID TO THOSE IN NEED | $7,751 |
ALZHEIMER'S FOUNDATION OF AMERICA PURPOSE: TO PROVIDE SPIRITUAL, PHYSICAL & HUMANITARIAN AID TO THOSE IN NEED | $10,000 |
BEAR VALLEY SNOWSPORTS FOUNDATION PURPOSE: TO PROVIDE SPIRITUAL, PHYSICAL & HUMANITARIAN AID TO THOSE IN NEED | $10,000 |
ANSWERS IN GENESIS PURPOSE: TO PROVIDE SPIRITUAL, PHYSICAL & HUMANITARIAN AID TO THOSE IN NEED | $15,000 |
CHARLOTTE RESCUE MISSION REBOUND PURPOSE: TO PROVIDE SPIRITUAL, PHYSICAL & HUMANITARIAN AID TO THOSE IN NEED | $20,000 |
CENTURY BAPTIST CHURCH PURPOSE: TO PROVIDE SPIRITUAL, PHYSICAL & HUMANITARIAN AID TO THOSE IN NEED | $6,146 |