Civic Intelligence

Rescue Legacy Fund Inc

EIN 27-3090753 • 501(c)3 • Durham, NC

Profile

To promote, support, and facilitate the work of the rescue mission ministries, inc. D/b/a durham rescue mission, durham nc, a nonprofit corporation organized under nc law. God has blessed rescue mission ministries, inc. With funds that have been designated by the board of directors in its long range plan for utilization of unrestricted net asset funds. The primary objective is to be a good steward of these assets, by managing and producing a favorable investment return as compared against inflation.

PO Box 11186Durham, NC 27703-1186

www.rescuelegacyfund.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

9th percentile

0.01x

Higher debt load relative to revenue than 9% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

96th percentile

77%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

56th percentile

7.2%

Faster asset growth than 56% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

52nd percentile

7.8%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$38,934,960

Up $6,557,787 (+20%) from 2023

Liabilities

Up

$62,719

Up $9,495 (+18%) from 2023

Net Assets

Up

$38,872,241

Up $6,548,292 (+20%) from 2023

Operations
Liabilities / Revenue9th percentileNet Margin96th percentile

Revenue

Up

$6,624,078

Up $5,811,930 (+716%) from 2023

Expenses

Up

$1,377,561

Up $440,362 (+47%) from 2023

Net Income

Up

$5,246,517

Up $5,371,568 (+4296%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth56th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2012: $1,669,622Liabilities 2012: $192,089Net Assets 2012: $1,477,5332012Assets 2013: $2,910,995Liabilities 2013: $1,192,812Net Assets 2013: $1,718,1832013Assets 2014: $3,412,187Liabilities 2014: $1,435,897Net Assets 2014: $1,976,2902014Assets 2015: $5,356,347Liabilities 2015: $1,435,897Net Assets 2015: $3,920,4502015Assets 2017: $16,098,296Liabilities 2017: $0Net Assets 2017: $16,098,2962017Assets 2018: $17,467,071Liabilities 2018: $0Net Assets 2018: $17,467,0712018Assets 2019: $20,253,545Liabilities 2019: $0Net Assets 2019: $20,253,5452019Assets 2020: $23,535,448Liabilities 2020: $3,492Net Assets 2020: $23,531,9562020Assets 2021: $26,511,238Liabilities 2021: $12,556Net Assets 2021: $26,498,6822021Assets 2022: $28,409,336Liabilities 2022: $54,184Net Assets 2022: $28,355,1522022Assets 2023: $32,377,173Liabilities 2023: $53,224Net Assets 2023: $32,323,9492023Assets 2024: $38,934,960Liabilities 2024: $62,719Net Assets 2024: $38,872,2412024

Highlighted filing

2024

Assets$38,934,960
Liabilities$62,719
Net Assets$38,872,241
Open 2024 Filing

Operations Trend

Revenue Growth52nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $7,8082012Revenue 2013: $94,468Expenses 2013: $18,014Net Income 2013: $76,4542013Revenue 2014: $194,220Expenses 2014: $24,769Net Income 2014: $169,4512014Revenue 2015: $148,654Expenses 2015: $25,633Net Income 2015: $123,0212015Revenue 2017: $1,545,639Expenses 2017: $322,078Net Income 2017: $1,223,5612017Revenue 2018: $2,205,088Expenses 2018: $406,600Net Income 2018: $1,798,4882018Revenue 2019: $2,179,905Expenses 2019: $313,540Net Income 2019: $1,866,3652019Revenue 2020: $3,885,710Expenses 2020: $1,332,308Net Income 2020: $2,553,4022020Revenue 2021: $3,583,922Expenses 2021: $1,722,696Net Income 2021: $1,861,2262021Revenue 2022: $3,864,354Expenses 2022: $889,246Net Income 2022: $2,975,1082022Revenue 2023: $812,148Expenses 2023: $937,199Net Income 2023: -$125,0512023Revenue 2024: $6,624,078Expenses 2024: $1,377,561Net Income 2024: $5,246,5172024

Highlighted filing

2024

Revenue$6,624,078
Expenses$1,377,561
Net Income$5,246,517
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,934,960
Liabilities
$62,719
Net assets
$38,872,241
Revenue
$6,624,078
Expenses
$1,377,561
Net income
$5,246,517
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$38.9$0.06$38.9$6.62$1.38$5.25
2023Detailed filing. Detailed filing data is available for this year.$32.4$0.05$32.3$0.81$0.94$0.13
2022Detailed filing. Detailed filing data is available for this year.$28.4$0.05$28.4$3.86$0.89$2.98
2021Detailed filing. Detailed filing data is available for this year.$26.5$0.01$26.5$3.58$1.72$1.86
2020Detailed filing. Detailed filing data is available for this year.$23.5$0.00$23.5$3.89$1.33$2.55
2019Detailed filing. Detailed filing data is available for this year.$20.3$0.00$20.3$2.18$0.31$1.87
2018Detailed filing. Detailed filing data is available for this year.$17.5$0.00$17.5$2.21$0.41$1.80
2017Detailed filing. Detailed filing data is available for this year.$16.1$0.00$16.1$1.55$0.32$1.22
2015Detailed filing. Detailed filing data is available for this year.$5.36$1.44$3.92$0.15$0.03$0.12
2014Detailed filing. Detailed filing data is available for this year.$3.41$1.44$1.98$0.19$0.02$0.17
2013Detailed filing. Detailed filing data is available for this year.$2.91$1.19$1.72$0.09$0.02$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.19$1.48$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 30, 2025
Return Version
2024v5.0
Gross Receipts
$56,072,032
Mission and Program Overview

Mission

To promote, support, and facilitate the work of the rescue mission ministries, inc. D/b/a durham rescue mission, durham nc, a nonprofit corporation organized under nc law. God has blessed rescue mission ministries, inc. With funds that have been designated by the board of directors in its long range plan for utilization of unrestricted net asset funds. The primary objective is to be a good steward of these assets, by managing and producing a favorable investment return as compared against inflation.

To promote, support, and facilitate the work of rescue missions ministries, inc. (d/b/a durham rescue mission), durham nc, a nonprofit corporation organized under nc law. God has blessed rescue mission ministries, inc. With funds that have been designated by the board of directors in its long range plan for utilization of unrestricted net asset funds. The primary objective is to be a good steward of these assets, by managing and producing a favorable investment return as compared against inflation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,271,003$19,772,803▲ $2,501,800
Investments in Publicly Traded Securities$12,880,407$16,312,267▲ $3,431,860
Savings and Temporary Cash Investments$1,196,271$1,751,219▲ $554,948
Cash and Non-Interest-Bearing Accounts$159,570$228,749▲ $69,179
Total Assets$32,377,173$38,934,960▲ $6,557,787
Other Assets Total$869,922$869,922→ $0
Liabilities
Accounts Payable and Accrued Expenses$50,489$58,483▲ $7,994
Other Liabilities$2,735$4,236▲ $1,501
Total Liabilities$53,224$62,719▲ $9,495
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$32,323,949$38,872,241▲ $6,548,292
Total Net Assets Fund Balance$32,323,949$38,872,241▲ $6,548,292
Total Liabilities and Net Assets / Fund Balance$32,377,173$38,934,960▲ $6,557,787

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,584,085$2,453,156$17,037,241
Land$5,085,666-$5,085,666
Equipment$58,219$589,491$647,710
Other Land Buildings$44,833$534,704$579,537

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$12,880,407$1,800,000▲ $1,631,859-$16,312,267
2023$8,782,547$1,700,000▲ $2,397,860-$12,880,407
2022$10,862,406-▼ $2,079,859-$8,782,547
2021$8,775,319-▲ $2,172,300-$10,862,406
2020$6,676,583-▲ $2,157,298-$8,775,319
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ernie MillsChairmanPT$26,963$23,011$49,974
Gail MillsExecutive DiPT$44,355$3,548$47,903

Board Members and Trustees

NameTitle
Tom WilliamsVice Chairma
Charles ChurchllChaplain
Gary DoaneSecretary
Mark TwisdaleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,382,590
Program Service Revenue
$0
Investment Income
$-1,325,265
Other Revenue
$1,566,753
All Other Contributions
$11,284
Change in Net Assets
$5,246,517

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Real Estate Other1$4,569,807
Total Noncash Contributions1$4,569,807

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,523,672
Revenue Not Reported on Financial Statements
$100,406
Revenue Not Reported on Form 990
$1,301,775
Total Revenue per Audited Statements
$7,825,447
Total Revenue per Form 990
$6,624,078
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,149,494
Salaries, Compensation, and Employee Benefits$228,067
Total Fundraising Expense$136,929
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$594,911--$594,911
Other Salaries and Wages-$44,920$67,490$112,410
Fees for Services Other$104,722--$104,722
Current Officers, Directors, Trustees, and Key Employees-$41,334$62,102$103,436
Fees for Service Investment Mgmnt Fees$100,406--$100,406
Office Expenses$72,849--$72,849
Insurance$26,997--$26,997
All Other Expenses$7,386--$7,386
Payroll Taxes-$2,587$3,886$6,473
Other Expenses$5,749--$5,749
Pension Plan Contributions-$2,297$3,451$5,748
Occupancy$4,200--$4,200
Total Functional Expenses$1,149,494$91,138$136,929$1,377,561

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,377,561
Expenses per Audited Statements$1,277,155
Total Expenses per Audited Statements$1,277,155
Expenses Not Reported on Financial Statements$100,406
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$4,236
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Gail mills rev. Ernie mills exec. Direct chairman husband/wife”

Form 990, Page 6, Part VI, Line 11B

“Copy of return is reviewd by the board before it is filed with the irs.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Rescue Legacy Fund Inc
EIN
27-3090753
Phone
9196889641
Address
PO BOX 11186, DURHAM, NC 27703-1186

Signing Officer

Name
Gail Mills
Title
Executive Director
Phone
9196889641
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gail Mills
Formed
2010
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
2

Preparer

Firm
Langdon & Company Llp
Address
223 US HIGHWAY 70 EAST SUITE 100, GARNER, NC 27529-4051
Preparer
Jessica Dupree
Phone
9196621001
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To promote, support, and facilitate the work of rescue missions ministries, inc. (d/b/a durham rescue mission), durham nc, a nonprofit corporation organized under nc law. God has blessed rescue mission ministries, inc. With funds that have been designated by the board of directors in its long range plan for utilization of unrestricted net asset funds. The primary objective is to be a good steward of these assets, by managing and producing a favorable investment return as compared against inflation.”

Financial Statement Notes

Schedule D, Page 3, Part X

“Rlf, inc. Evaluates any uncertain tax positions. Accordingly, rlf's policy is to record a liability for any tax position taken that is beneficial to rlf, including any related interest and penalties, when it is more likely than not the position of management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of december 31, 2024 and 2023.”

Raw XML AppendixShowing 400 of 574 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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0RESCUE MISSION MINISTRIES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RLF, INC. EVALUATES ANY UNCERTAIN TAX POSITIONS. ACCORDINGLY, RLF'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO RLF, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION OF MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF DECEMBER 31, 2024 AND 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROMOTE, SUPPORT, AND FACILITATE THE WORK OF RESCUE MISSIONS MINISTRIES, INC. (D/B/A DURHAM RESCUE MISSION), DURHAM NC, A NONPROFIT CORPORATION ORGANIZED UNDER NC LAW. GOD HAS BLESSED RESCUE MISSION MINISTRIES, INC. WITH FUNDS THAT HAVE BEEN DESIGNATED BY THE BOARD OF DIRECTORS IN ITS LONG RANGE PLAN FOR UTILIZATION OF UNRESTRICTED NET ASSET FUNDS. THE PRIMARY OBJECTIVE IS TO BE A GOOD STEWARD OF THESE ASSETS, BY MANAGING AND PRODUCING A FAVORABLE INVESTMENT RETURN AS COMPARED AGAINST INFLATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GAIL MILLS REV. ERNIE MILLS EXEC. DIRECT CHAIRMAN HUSBAND/WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPY OF RETURN IS REVIEWD BY THE BOARD BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine2Txt1LEGACY FUND INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine2Txt2LEGACY FUND INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine2Txt3LEGACY FUND INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine2Txt4LEGACY FUND INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine2Txt5LEGACY FUND INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine2Txt6LEGACY FUND INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0RALEIGH THRIFT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1CHAPEL HILL THRIFT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2DURHAM THRIFT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt3TRAINING AND DISTRIBUTION CENTER
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt4WAKE FOREST THRIFT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt5ROXBORO THRIFT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt6ROXBORO REAL ESTATE CENTER LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine2Txt0LLC
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IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1RENTAL RE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt2RENTAL RE

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