Legacy Life Foundation Inc is located in Lakewood Ranch, FL. The organization was established in 2018. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Life Foundation 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 12/2023, Legacy Life Foundation Inc generated $517.4k in total revenue. All expenses for the organization totaled $174.4k during the year ending 12/2023. While expenses have increased by 18.9% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SPREAD AND TEACH THE WORD OF GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMOUNT SPENT ON INFORMATION TECHNOLOGY BEING UTILIZED TO SPREAD THE WORD OF GOD VIA VIDEOS AND OTHER ONLINE COMMUNICATIONS.
AMOUNT OF GRANTS GIVEN TO INDIVIDUAL HELPING SPREAD THE WORD OF GOD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Margherita Gardner President | 30 | $0 | |
Lisa Mason Treasurer | 10 | $0 | |
Dan Gardner Secretary | 30 | $0 | |
Curtis Winnie Director | 1 | $0 | |
Donna Caumartin Director | 1 | $0 | |
Ron Repice Director | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $472,909 |
Interest on Savings | $42,309 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $2,147 |
Total Revenue | $517,365 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $9,803 |
Depreciation | $10,434 |
Occupancy | $28,170 |
Travel, conferences, and meetings | $0 |
Printing and publications | $9 |
Other expenses | $86,412 |
Total operating and administrative expenses | $172,907 |
Contributions, gifts, grants paid | $1,500 |
Total expenses and disbursements | $174,407 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $73,019 |
Savings and temporary cash investments | $3,097,054 |
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 | $768,724 |
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 | $847,887 |
Other assets | $0 |
Total assets | $4,786,684 |
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 |
Over the last fiscal year, Legacy Life Foundation Inc has awarded $1,500 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
ASCEND CHURCH PURPOSE: GENERAL SUPPORT | $500 |
RANDY KAY MINISTRIES PURPOSE: GENERAL SUPPORT | $1,000 |