Civic Intelligence

Nmc Legacy Fund

990 • Fiscal year 2022 • EIN 27-3503738

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 09, 2023

Organization ProfileN/A
PO Box 191Victor, CO 80860

(719) 689-4022

Siviq Scores

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

Liabilities / Assets

67th percentile

0.19x

Higher debt load relative to assets than 67% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

2.86x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

91st percentile

57%

Higher net margin than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

16th percentile

-12%

Faster asset growth than 16% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

17th percentile

-22%

Faster revenue growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$4,570,988

Down $635,810 (-12%) from 2021

Net Assets

Up

$3,696,231

Up $174,187 (+4.9%) from 2021

Liabilities

Down

$874,757

Down $809,997 (-48%) from 2021

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin91st percentile

Revenue

Down

$305,652

Down $88,070 (-22%) from 2021

Expenses

Down

$131,465

Down $98,151 (-43%) from 2021

Net Income

Up

$174,187

Up $10,081 (+6.1%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $516,607Liabilities 2012: $0Net Assets 2012: $516,6072012Assets 2013: $796,859Liabilities 2013: $41,853Net Assets 2013: $755,0062013Assets 2014: $1,089,630Liabilities 2014: $60,717Net Assets 2014: $1,028,9132014Assets 2015: $1,318,535Liabilities 2015: $21,481Net Assets 2015: $1,297,0542015Assets 2016: $1,719,031Liabilities 2016: $129,403Net Assets 2016: $1,589,6282016Assets 2017: $2,432,385Liabilities 2017: $295,520Net Assets 2017: $2,136,8652017Assets 2018: $3,282,068Liabilities 2018: $100,532Net Assets 2018: $3,181,5362018Assets 2019: $4,143,698Liabilities 2019: $680,289Net Assets 2019: $3,463,4092019Assets 2020: $4,299,807Liabilities 2020: $941,869Net Assets 2020: $3,357,9382020Assets 2021: $5,206,798Liabilities 2021: $1,684,754Net Assets 2021: $3,522,0442021Assets 2022: $4,570,988Liabilities 2022: $874,757Net Assets 2022: $3,696,2312022Assets 2023: $5,395,410Liabilities 2023: $1,494,966Net Assets 2023: $3,900,4442023Assets 2024: $6,359,492Liabilities 2024: $2,176,188Net Assets 2024: $4,183,3042024

Highlighted filing

2022

Assets$4,570,988
Liabilities$874,757
Net Assets$3,696,231
Open 2022 Filing

Operations Trend

Revenue Growth17th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $1,626,0482012Revenue 2013: $2,276,824Expenses 2013: $2,038,425Net Income 2013: $238,3992013Revenue 2014: $2,179,852Expenses 2014: $1,905,945Net Income 2014: $273,9072014Revenue 2015: $2,439,474Expenses 2015: $2,171,333Net Income 2015: $268,1412015Revenue 2016: $2,622,659Expenses 2016: $2,330,085Net Income 2016: $292,5742016Revenue 2017: $3,004,997Expenses 2017: $2,457,760Net Income 2017: $547,2372017Revenue 2018: $3,227,158Expenses 2018: $2,182,487Net Income 2018: $1,044,6712018Revenue 2019: $2,946,271Expenses 2019: $2,664,398Net Income 2019: $281,8732019Revenue 2020: $382,363Expenses 2020: $487,834Net Income 2020: -$105,4712020Revenue 2021: $393,722Expenses 2021: $229,616Net Income 2021: $164,1062021Revenue 2022: $305,652Expenses 2022: $131,465Net Income 2022: $174,1872022Revenue 2023: $370,161Expenses 2023: $165,948Net Income 2023: $204,2132023Revenue 2024: $511,433Expenses 2024: $228,573Net Income 2024: $282,8602024

Highlighted filing

2022

Revenue$305,652
Expenses$131,465
Net Income$174,187
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$369,460
Mission and Program Overview

Mission

Nmc legacy fund's goal is to build healthy, sustainable communities by providing essential funding for programs and services where existing gaps have been identified and that serve a social service need to our communities.

To help build healthy sustainable communities, offering a better life for individuals and families working and living in our communities by providing financial assistance to tax exempt social service agencies that offer programs and services within our communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,522,044$3,696,231▲ $174,187
Investments in Publicly Traded Securities$4,493,509$3,607,419▼ $886,090
Savings and Temporary Cash Investments$425,036$836,290▲ $411,254
Cash and Non-Interest-Bearing Accounts$283,064$115,615▼ $167,449
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,206,798$4,570,988▼ $635,810
Other Assets Total$5,189$11,664▲ $6,475
Liabilities
Other Liabilities$1,684,754$874,757▼ $809,997
Total Liabilities$1,684,754$874,757▼ $809,997
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,522,044$3,696,231▲ $174,187
Total Liabilities and Net Assets / Fund Balance$5,206,798$4,570,988▼ $635,810
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Lorna ShawPresident
Gavin JangardDirector
Katie BlakeDirector
Kyleen JohnstonDirector
Stacy JohnsonDirector
Kaitlyn RagsdaleSecretary
Norma TownleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$176,637
Program Service Revenue
$0
Investment Income
$129,015
Other Revenue
$0
All Other Contributions
$176,637
Change in Net Assets
$174,187
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$95,335
Other Expenses$36,130
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$95,335--$95,335
Fees for Service Investment Mgmnt Fees-$34,734-$34,734
Other Expenses-$1,396-$1,396
Total Functional Expenses$95,335$36,130$0$131,465
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Impact Christian ChurchWoodland Park, CO-General Support$26,160
Woodland Park Community ChurcWoodland Park, CO-General Support$9,600
Universal Ministries of TruthColorado Spring, CO-General Support$7,450
Catalyst ChurchCanon City, CO-General Support$7,200
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unrealized Gain on Investment$874,756
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“A complete copy of the form 990 is provided to the board of directors to review and approval is documented in the board meeting minutes prior to filing with the irs.”

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

“The nmc legacy fund conflict of interest policy is incorporated into the board of directors code of ethics, and compliance is mandated by the corporate bylaws. Each director / officer is required to sign the board of directors code of ethics when appointed to the board.”

Form 990, Part VI, Section C, Line 19

“Nmc legacy fund keeps its governing documents, conflict of interest policy, and financial information in the custody of the exective director at 100 n. Thirs street, victor, co. All required documents are available to the public on request.”

Filing and Contact Details

Filer

Filer Name
Nmc Legacy Fund
EIN
27-3503738
Phone
7196894022
Address
PO BOX 191, VICTOR, CO 80860

Signing Officer

Name
Norma Townley
Title
Treasurer
Signed
2023-11-09
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Nv
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
40

Preparer

Firm
Read & Powell LLP
Address
491 5th St, Elko, NV 89801
Preparer
Megan K McManus
Phone
7757388441
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“Nmc legacy fund has established an endowment fund for the long-term social service needs of our communities. The premise behind the endowment fund can be likened to "saving for a rainy day." the endowment fund's sole purpose is to help sustain tax exempt social service organizations that provide needed services, activities and educational opportunities after newmont mining corporation has concluded operations.”

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03120580
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.44050
IRS990ScheduleA/PublicSupportPY170Pct00.45510
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03120580
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06437888
IRS990ScheduleA/TotalSupportAmt07255720
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1874756
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNREALIZED GAIN ON INVESTMENT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NMC LEGACY FUND HAS ESTABLISHED AN ENDOWMENT FUND FOR THE LONG-TERM SOCIAL SERVICE NEEDS OF OUR COMMUNITIES. THE PREMISE BEHIND THE ENDOWMENT FUND CAN BE LIKENED TO "SAVING FOR A RAINY DAY." THE ENDOWMENT FUND'S SOLE PURPOSE IS TO HELP SUSTAIN TAX EXEMPT SOCIAL SERVICE ORGANIZATIONS THAT PROVIDE NEEDED SERVICES, ACTIVITIES AND EDUCATIONAL OPPORTUNITIES AFTER NEWMONT MINING CORPORATION HAS CONCLUDED OPERATIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/TotalLiabilityAmt0874757
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt07200
IRS990ScheduleI/RecipientTable/CashGrantAmt126160
IRS990ScheduleI/RecipientTable/CashGrantAmt27450
IRS990ScheduleI/RecipientTable/CashGrantAmt39600
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Catalyst Church
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Impact Christian Church
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Universal Ministries of Truth
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Woodland Park Community Churc
IRS990ScheduleI/RecipientTable/RecipientEIN0475201979
IRS990ScheduleI/RecipientTable/RecipientEIN1742425045
IRS990ScheduleI/RecipientTable/RecipientEIN2820586854
IRS990ScheduleI/RecipientTable/RecipientEIN3840730628
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01415 Poplar Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO Box 6550
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO Box 36173
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3800 Valley View Dr
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Canon City
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Woodland Park
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Colorado Spring
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Woodland Park
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2CO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3CO
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd180866
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd280937
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd380863
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE PROCEDURES WE HAVE IN PLACE TO ENSURE THAT OUR FUNDS ARE BEING USED TO FURTHER OUR EXEMPT PUPOSES AND BUILD HEALTHY COMMUNITIES CONSIST OF, 1) QUARTERLY WRITTEN REPORTS WHICH INCLUDE AN ANNUAL BUDGET, PROFIT AND LOSS, AND ANNUAL 990'S; 2) PROGRAM EVALUATION REPORTS, SUSTAINABILITY EFFORTS, GOALS AND CHALLENGES THROUGHOUT THE YEAR; 3) SITE VISITS AND FINALLY; 4) WE MAINTAIN REGULAR COMMUNICATIONS WITH EACH NONPROFIT ORGANIZATION VIA TELEPHONE, INTERNET OR FACE TO FACE MEETINGS. ADDITIONALLY, BECAUSE A LARGE PORTION OF OUR COMMUNITIES ARE SMALL, WE HAVE HAD THE OPPORTUNITY TO DEVELOP STRONG BUSINESS RELATIONSHIPS WITH THE ORGANIZATIONS AND THEIR ACTIVITIES THROUGH VOLUNTEERING AND COLLABORATIVE COMMUNITY EVENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS TO REVIEW AND APPROVAL IS DOCUMENTED IN THE BOARD MEETING MINUTES PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE NMC LEGACY FUND CONFLICT OF INTEREST POLICY IS INCORPORATED INTO THE BOARD OF DIRECTORS CODE OF ETHICS, AND COMPLIANCE IS MANDATED BY THE CORPORATE BYLAWS. EACH DIRECTOR / OFFICER IS REQUIRED TO SIGN THE BOARD OF DIRECTORS CODE OF ETHICS WHEN APPOINTED TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NMC LEGACY FUND KEEPS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL INFORMATION IN THE CUSTODY OF THE EXECTIVE DIRECTOR AT 100 N. THIRS STREET, VICTOR, CO. ALL REQUIRED DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036130
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt095335
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IRS990/TotalLiabilitiesGrp/EOYAmt0874757
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03522044
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IRS990/TotalProgramServiceExpensesAmt095335
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0129015
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0305652
IRS990/TotalVolunteersCnt040
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05206798
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04570988
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 191
IRS990/USAddress/CityNm0VICTOR
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080860
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,570,988
Liabilities
$874,757
Net assets
$3,696,231
Revenue
$305,652
Expenses
$131,465
Net income
$174,187
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.36$2.18$4.18$0.51$0.23$0.28
2023Detailed filing. Detailed filing data is available for this year.$5.40$1.49$3.90$0.37$0.17$0.20
2022Detailed filing. Detailed filing data is available for this year.$4.57$0.87$3.70$0.31$0.13$0.17
2021Detailed filing. Detailed filing data is available for this year.$5.21$1.68$3.52$0.39$0.23$0.16
2020Detailed filing. Detailed filing data is available for this year.$4.30$0.94$3.36$0.38$0.49$0.11
2019Detailed filing. Detailed filing data is available for this year.$4.14$0.68$3.46$2.95$2.66$0.28
2018Detailed filing. Detailed filing data is available for this year.$3.28$0.10$3.18$3.23$2.18$1.04
2017Detailed filing. Detailed filing data is available for this year.$2.43$0.30$2.14$3.00$2.46$0.55
2016Detailed filing. Detailed filing data is available for this year.$1.72$0.13$1.59$2.62$2.33$0.29
2015Detailed filing. Detailed filing data is available for this year.$1.32$0.02$1.30$2.44$2.17$0.27
2014Detailed filing. Detailed filing data is available for this year.$1.09$0.06$1.03$2.18$1.91$0.27
2013Detailed filing. Detailed filing data is available for this year.$0.80$0.04$0.76$2.28$2.04$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.00$0.52$1.63