Civic Intelligence

Legacy Endowment Inc.

990 • Fiscal year 2021 • EIN 20-4626278

Apr 01, 2020 to Mar 31, 2021 • Filed on Dec 04, 2021

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10150 Antioch RdOverland Park, KS 66212-4285

(913) 381-8055

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

57th percentile

13%

Faster asset growth than 57% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

458%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,990,805

Up $225,587 (+13%) from 2020

Net Assets

Up

$1,990,805

Up $225,587 (+13%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$380,070

Up $311,964 (+458%) from 2020

Expenses

Up

$755

Up $1,400 (+217%) from 2020

Net Income

Up

$379,315

Up $310,564 (+452%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2012: $1,443,300Liabilities 2012: $0Net Assets 2012: $1,443,3002012Assets 2013: $1,435,824Liabilities 2013: $0Net Assets 2013: $1,435,8242013Assets 2014: $1,495,918Liabilities 2014: $0Net Assets 2014: $1,495,9182014Assets 2015: $1,526,371Liabilities 2015: $0Net Assets 2015: $1,526,3712015Assets 2016: $1,501,322Liabilities 2016: $0Net Assets 2016: $1,501,3222016Assets 2017: $1,591,229Liabilities 2017: $0Net Assets 2017: $1,591,2292017Assets 2018: $1,745,835Liabilities 2018: $0Net Assets 2018: $1,745,8352018Assets 2019: $1,697,757Liabilities 2019: $0Net Assets 2019: $1,697,7572019Assets 2020: $1,765,218Liabilities 2020: $0Net Assets 2020: $1,765,2182020Assets 2021: $1,990,805Liabilities 2021: $0Net Assets 2021: $1,990,8052021Assets 2022: $2,053,903Liabilities 2022: $0Net Assets 2022: $2,053,9032022Assets 2023: $1,908,084Liabilities 2023: $0Net Assets 2023: $1,908,0842023Assets 2025: $2,103,627Liabilities 2025: $0Net Assets 2025: $2,103,6272025

Highlighted filing

2021

Assets$1,990,805
Liabilities$0
Net Assets$1,990,805

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2012: -$37,436Expenses 2012: $873Net Income 2012: -$38,3092012Revenue 2013: -$6,483Expenses 2013: $993Net Income 2013: -$7,4762013Revenue 2014: $60,551Expenses 2014: $457Net Income 2014: $60,0942014Revenue 2015: $30,751Expenses 2015: $298Net Income 2015: $30,4532015Revenue 2016: -$24,632Expenses 2016: $419Net Income 2016: -$25,0512016Revenue 2017: $90,570Expenses 2017: $663Net Income 2017: $89,9072017Revenue 2018: $155,115Expenses 2018: $509Net Income 2018: $154,6062018Revenue 2019: -$47,882Expenses 2019: -$196Net Income 2019: -$47,6862019Revenue 2020: $68,106Expenses 2020: -$645Net Income 2020: $68,7512020Revenue 2021: $380,070Expenses 2021: $755Net Income 2021: $379,3152021Revenue 2022: $65,749Expenses 2022: $2,651Net Income 2022: $63,0982022Revenue 2023: $0Expenses 2023: $145,819Net Income 2023: -$145,8192023Revenue 2025: $51,381Expenses 2025: $36,000Net Income 2025: $15,3812025

Highlighted filing

2021

Revenue$380,070
Expenses$755
Net Income$379,315
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Dec 4, 2021
Return Version
2020v4.0
Gross Receipts
$380,070
Mission and Program Overview

Mission

The organization's mission is to manage and grow assets for its parent organization, Legacy Christian Church, for purposes of enhanced ministry.

The organization's mission is to manage and grow assets for its parent organization, Legacy Christian Church, for purposes of enhanced ministry. In this regard the organizations' most significant activity is to function as an endowment fund, investing for growth and income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,611,490$1,990,805▲ $379,315
Investments in Publicly Traded Securities$558,651$938,721▲ $380,070
Other Notes and Loans Receivable, Net$910,000$910,000→ $0
Land, Buildings, and Equipment, Net$139,000$139,000→ $0
Cash and Non-Interest-Bearing Accounts$3,839$3,084▼ $755
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,611,490$1,990,805▲ $379,315
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,611,490$1,990,805▲ $379,315
Total Liabilities and Net Assets / Fund Balance$1,611,490$1,990,805▲ $379,315

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$139,000$0$139,000
Other Land Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jon CarrDirector and President
Mark PalmerDirector and President
Delmar WallsDirector and Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$380,070
Other Revenue
$0
Change in Net Assets
$379,315

Audited Revenue Reconciliation

Revenue per Audited Statements
$380,070
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$380,070
Total Revenue per Form 990
$380,070
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$755
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$755$0$0$755
Total Functional Expenses$755$0$0$755

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$755
Total Expenses per Audited Statements$755
Total Expenses per Form 990$755
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Legacy Christian Church, Legacy Endowment, Inc.'s controlling entity, has the right to elect or appoint members of the organization's governing body.

Form 990, Part VI, Section B, Line 11B

The Form 990 and related schedules were completed by the organization's president and reviewed by the organization's full board of directors.

Form 990, Part VI, Section B, Line 12C

The organization's conflict of interest policy explicitly calls for a review of proposed business transactions prior to executions. Any proposed transactions and decisions relative to these transactions are to be fully documented and recorded in board minutes.

Form 990, Part VI, Section B, Line 15

The organization does not have any salaried officers and has no employees at this time, however, the organization has adopted a compensation policy which will be utilized if and when a CEO and/or key employees are hired.

Form 990, Part VI, Section C, Line 19

The organization maintains a public file at its address of record and will provide access to the governing documents, conflict of interest policy, and any financial statements upon request.

Filing and Contact Details

Filer

Filer Name
Legacy Endowment Inc
EIN
20-4626278
Phone
9133818055
Address
10150 Antioch Rd, Overland Park, KS 66212-4285

Signing Officer

Name
Mark Palmer
Title
Director
Phone
9137084809
Signed
2021-12-04

Organization Details

Principal Officer
Mark Palmer
Formed
2006
Legal Domicile
Mo
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 2

The organization is required to complete Schedule B, Schedule of Contributors, however, during the current fiscal year the organization did not have any contributions that met the support test.

Raw XML AppendixShowing 400 of 553 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0910000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0910000
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Mark Palmer
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0The organization holds title to a single family residence used primarily as temporary housing for Legacy Christian Church staff or missionaries home on furlough. Management of the residence rests with Legacy Christian Church, which pays all expenses for maintaining this single family residence.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-85622
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0645
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-86267
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0645
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0-85622
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0379315
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0380070
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0362757207
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Legacy Christian Church
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0139000
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0139000
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0755
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.00$2.10$0.05$0.04$0.02
2023Summary only. Only limited summary data is available for this year.$1.91$0.00$1.91$0.00$0.15$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.00$2.05$0.07$0.00$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$0.38$0.00$0.38
2020Summary only. Only limited summary data is available for this year.$1.77$0.00$1.77$0.07$0.00$0.07
2019Summary only. Only limited summary data is available for this year.$1.70$0.00$1.70$0.05$0.00$0.05
2018Summary only. Only limited summary data is available for this year.$1.75$0.00$1.75$0.16$0.00$0.15
2017Summary only. Only limited summary data is available for this year.$1.59$0.00$1.59$0.09$0.00$0.09
2016Summary only. Only limited summary data is available for this year.$1.50$0.00$1.50$0.02$0.00$0.03
2015Summary only. Only limited summary data is available for this year.$1.53$0.00$1.53$0.03$0.00$0.03
2014Summary only. Only limited summary data is available for this year.$1.50$0.00$1.50$0.06$0.00$0.06
2013Summary only. Only limited summary data is available for this year.$1.44$0.00$1.44$0.01$0.00$0.01
2012Summary only. Only limited summary data is available for this year.$1.44$0.00$1.44$0.04$0.00$0.04