Legacy Ministries
- Assets
- $2.7m
- Revenue
- $340.7k
- Investments
- $187.6k
- Employees
- 9
- Location
- Dadeville, AL
- Founding
- 09/2005
- Data as of
- 09/2023
- EIN
- 75-3161246
Organization Overview
Legacy Ministries is located in Dadeville, AL. The organization was established in 2005. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 09/2023, Legacy Ministries employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Ministries 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 09/2023, Legacy Ministries generated $340.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $463.1k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LEGACY EXISTS TO HELP BELIEVERS EXPERIENCE, UNDERSTAND, AND PARTNER WITH THE TRANSFORMATIVE REALITY OF CHRIST IN THEM. SO THEY CAN ENJOY INTIMACY WITH GOD, ENGAGE THEIR COMMUNITY, BUILD UP THE CHURCH, AND LIVE A SPIRIT-EMPOWERED LIFE THAT INFLUENCES GENERATIONS TO COME. WE DO THIS TO IMPACT ETERNITY TOGETHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGACY PROVIDES ONE TO TWO SEMESTERS EACH YEAR: A FIFTEEN WEEK SEMESTER IN THE SPRING, AND A NINE WEEK SEMESTER IN THE SUMMER. DURING ONE SEMESTER YEARS, SPRING MONTHS ARE SCHEDULED WITH STUDENT RETREAT INTENSIVES AND MARRIAGE RETREAT WEEKENDS. FOR THE SEMESTER PROGRAMS, ALL STUDENTS LIVE ON-CAMPUS, WHERE HOUSING AND MEALS ARE PROVIDED IN ADDITION TO CLASSROOM TIME. EACH STUDENT RECEIVES PERSONAL MENTORING FROM OUR STAFF, DAILY BIBLICAL TEACHING, AND SPECIAL EVENTS SUCH AS WORSHIP NIGHTS OR RETREATS. THERE IS BALANCE IN OUR MINISTRY: WE VALUE SPIRITUAL DEVELOPMENT, AS WELL AS THE PRACTICAL ASPECTS AND APPLICATIONS OF LIFE. WE ARE PERSONAL AND COMMUNAL IN NATURE AT LEGACY. FOR SPRING, STUDENTS CAN EXPECT 1000+ HOURS OF TRAINING: PRACTICAL, CLASS, SMALL GROUPS, PRAYER, AND EVEN FUN. YEAR ROUND, LEGACY ALSO HOSTS A WIDE ARRAY OF EVENTS SUCH AS FALL RETREATS, ALUMNI GATHERINGS, AND WORSHIP NIGHTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Rice Board Member | Trustee | 1 | $0 |
Dylan Spencer Board Member | Trustee | 1 | $0 |
Jamie Cory Board Member | Trustee | 1 | $0 |
Francois Fineberg Executive Director | Officer | 40 | $68,407 |
Jimmy Whatley Treasurer | Officer | 1 | $0 |
David Rhodes Executive Leadership | Officer | 1 | $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 | $221,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,310 |
| Total Program Service Revenue | $96,931 |
| Investment income | $7,094 |
| 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 | $340,740 |
| 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. | $68,407 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,330 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,556 |
| Payroll taxes | $22,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $442 |
| Fees for services: Other | $290 |
| Advertising and promotion | $3,045 |
| Office expenses | $1,492 |
| Information technology | $3,292 |
| Royalties | $0 |
| Occupancy | $77,033 |
| Travel | $2,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,348 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,500 |
| Insurance | $21,264 |
| All other expenses | $9,665 |
| Total functional expenses | $463,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,432 |
| Savings and temporary cash investments | $195,573 |
| 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 | $2,137,218 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $187,639 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,703 |
| Total assets | $2,653,565 |
| Accounts payable and accrued expenses | $16,739 |
| 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 | $26,408 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $43,147 |
| Net assets without donor restrictions | $2,610,418 |
| 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 | $2,653,565 |