Monument Legacy Inc
- Assets
- $2.1m
- Revenue
- -$445.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, IN
- Founding
- Data as of
- 12/2022
- EIN
- 84-4708521
Organization Overview
Monument Legacy Inc is located in Carmel, IN. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monument Legacy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Monument Legacy Inc has awarded 31 individual grants totaling $2,019,740. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PRINCIPALLY EXISTS TO (A) PROVIDE DONORS WITH A METHOD TO SUPPORT THE CAUSES, CHARITIES, AND OTHER PERMISSABLE TAX EXEMPT ACTIVITIES OF THEIR CHOICE THROUGH UNIQUE AND ATYPICAL DONATIONS THAT REQUIRE ADDITIONAL SUPPORT FROM THE ORGANIZATION TO EFFECTUATE; (B) HELP DONORS CONNECT AND GET INVOLVED WITH THE CHARITIES TO WHICH THEY DONATE; AND (C) PROVIDE DONORS WITH A SIMPLE, EFFECTIVE WAY TO MAKE DONATIONS IN ORDER TO INCREASE DONATIONS BEING MADE AROUND THE COUNTRY; (D) PURSUE ANY OTHER PURPOSE PERMITTED TO BE PURSUED BY A CHARITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VARIOUS FUNDS WERE ESTABLISHED BY THE DONOR FOR THE EXCLUSIVE PURPOSE OF PROVIDING CONTRIBUTIONS AND GRANTS TO PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Baron Director | Trustee | 3 | $0 |
Daniel Starr Director | Trustee | 3 | $0 |
Matthew Mohlman Executive Dir. | OfficerTrustee | 20 | $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 | $79,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,425 |
| Total Program Service Revenue | $6,952 |
| Investment income | $52,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$583,706 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$445,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,468,079 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,800 |
| Advertising and promotion | $394 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $99 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $305 |
| Total functional expenses | $1,479,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,665 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $2,078,369 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,082,034 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $2,082,034 |
| Total liabilities and net assets/fund balances | $2,082,034 |
Grants Awarded
Over the last fiscal year, Monument Legacy Inc has awarded $1,466,079 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE PURPOSE: General purpose | $701,138 |
INTERNATIONAL NEEDS PURPOSE: General purpose | $50,000 |
NATIONAL CHRISTIAN FOUNDATION PURPOSE: General purpose | $704,541 |
ST VINCENT DE PAUL PURPOSE: General purpose | $10,400 |