Civic Intelligence

Legacy Foundation Inc

EIN 35-1872803 • 501(c)3 • Merrillville, IN

Profile

The legacy foundation, inc. Will seek and accept endowments from public and private sources and distribute grants for community enhancing projects and other charitable purposes.

370 E 84th Dr Ste 100Merrillville, IN 46410-6643

legacyfdn.org

Siviq Scores

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

Liabilities / Assets

29th percentile

0.10x

Higher debt load relative to assets than 29% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

40th percentile

0.30x

Higher debt load relative to revenue than 40% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

97th percentile

81%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

89th percentile

28%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Revenue Growth

99th percentile

563%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Assets

Up

$123,834,639

Up $39,783,237 (+47%) from 2023

Liabilities

Up

$12,987,962

Up $2,083,625 (+19%) from 2023

Net Assets

Up

$110,846,677

Up $37,699,612 (+52%) from 2023

Revenue

Up

$43,070,819

Up $38,183,497 (+781%) from 2023

Expenses

Up

$7,969,647

Up $1,860,408 (+30%) from 2023

Net Income

Up

$35,101,172

Up $36,323,089 (+2973%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $32,921,125Liabilities 2010: $9,095,481Net Assets 2010: $23,825,6442010Assets 2011: $39,793,836Liabilities 2011: $11,123,719Net Assets 2011: $28,670,1172011Assets 2012: $41,840,679Liabilities 2012: $11,680,080Net Assets 2012: $30,160,5992012Assets 2013: $46,819,671Liabilities 2013: $12,728,875Net Assets 2013: $34,090,7962013Assets 2014: $50,103,420Liabilities 2014: $11,272,645Net Assets 2014: $38,830,7752014Assets 2015: $51,298,717Liabilities 2015: $11,522,103Net Assets 2015: $39,776,6142015Assets 2016: $50,847,039Liabilities 2016: $9,429,375Net Assets 2016: $41,417,6642016Assets 2017: $57,406,859Liabilities 2017: $10,172,501Net Assets 2017: $47,234,3582017Assets 2018: $58,448,948Liabilities 2018: $10,559,746Net Assets 2018: $47,889,2022018Assets 2019: $67,598,357Liabilities 2019: $10,334,157Net Assets 2019: $57,264,2002019Assets 2020: $82,702,603Liabilities 2020: $11,411,185Net Assets 2020: $71,291,4182020Assets 2021: $89,947,975Liabilities 2021: $11,991,798Net Assets 2021: $77,956,1772021Assets 2022: $75,398,108Liabilities 2022: $9,975,000Net Assets 2022: $65,423,1082022Assets 2023: $84,051,402Liabilities 2023: $10,904,337Net Assets 2023: $73,147,0652023Assets 2024: $123,834,639Liabilities 2024: $12,987,962Net Assets 2024: $110,846,6772024

Highlighted filing

2024

Assets$123,834,639
Liabilities$12,987,962
Net Assets$110,846,677

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $3,079,6222010Expenses 2011: $2,759,6032011Expenses 2012: $2,518,7772012Expenses 2013: $2,791,9182013Revenue 2014: $5,067,451Expenses 2014: $6,116,017Net Income 2014: -$1,048,5662014Revenue 2015: $5,211,249Expenses 2015: $3,821,745Net Income 2015: $1,389,5042015Revenue 2016: $3,721,632Expenses 2016: $3,472,108Net Income 2016: $249,5242016Revenue 2017: $5,107,898Expenses 2017: $3,771,125Net Income 2017: $1,336,7732017Revenue 2018: $10,230,677Expenses 2018: $4,191,981Net Income 2018: $6,038,6962018Revenue 2019: $8,080,055Expenses 2019: $4,277,525Net Income 2019: $3,802,5302019Revenue 2020: $16,103,447Expenses 2020: $6,741,036Net Income 2020: $9,362,4112020Revenue 2021: $23,418,316Expenses 2021: $5,769,114Net Income 2021: $17,649,2022021Revenue 2022: $980,728Expenses 2022: $5,598,888Net Income 2022: -$4,618,1602022Revenue 2023: $4,887,322Expenses 2023: $6,109,239Net Income 2023: -$1,221,9172023Revenue 2024: $43,070,819Expenses 2024: $7,969,647Net Income 2024: $35,101,1722024

Highlighted filing

2024

Revenue$43,070,819
Expenses$7,969,647
Net Income$35,101,172

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$124$13.0$111$43.1$7.97$35.1
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$84.1$10.9$73.1$4.89$6.11$1.22
2022Detailed filing. Detailed filing data is available for this year.$75.4$9.98$65.4$0.98$5.60$4.62
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.9$12.0$78.0$23.4$5.77$17.6
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$82.7$11.4$71.3$16.1$6.74$9.36
2019Detailed filing. Detailed filing data is available for this year.$67.6$10.3$57.3$8.08$4.28$3.80
2018Detailed filing. Detailed filing data is available for this year.$58.4$10.6$47.9$10.2$4.19$6.04
2017Detailed filing. Detailed filing data is available for this year.$57.4$10.2$47.2$5.11$3.77$1.34
2016Detailed filing. Detailed filing data is available for this year.$50.8$9.43$41.4$3.72$3.47$0.25
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.3$11.5$39.8$5.21$3.82$1.39
2014Detailed filing. Detailed filing data is available for this year.$50.1$11.3$38.8$5.07$6.12$1.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.8$12.7$34.1$2.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.8$11.7$30.2$2.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.8$11.1$28.7$2.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.9$9.10$23.8$3.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 7, 2025
Return Version
2024v5.0
Gross Receipts
$84,843,592
Mission and Program Overview

Mission

The legacy foundation, inc. Will seek and accept endowments from public and private sources and distribute grants for community enhancing projects and other charitable purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$73,384,293$85,490,557▲ $12,106,264
Pledges and Grants Receivable$3,901,748$18,427,947▲ $14,526,199
Savings and Temporary Cash Investments$5,675,268$12,829,034▲ $7,153,766
Cash and Non-Interest-Bearing Accounts$887,233$6,601,793▲ $5,714,560
Prepaid Expenses and Deferred Charges$115,942$121,578▲ $5,636
Land, Buildings, and Equipment, Net$24,784$21,780▼ $3,004
Total Assets$84,051,402$123,834,639▲ $39,783,237
Other Assets Total$62,134$341,950▲ $279,816
Liabilities
Escrow Account Liability$10,190,884$10,691,205▲ $500,321
Grants Payable$151,573$1,514,794▲ $1,363,221
Other Liabilities$398,577$672,906▲ $274,329
Accounts Payable and Accrued Expenses$163,303$109,057▼ $54,246
Total Liabilities$10,904,337$12,987,962▲ $2,083,625
Net Assets / Fund Balance
Net Assets With Donor Restrictions$71,209,380$108,583,256▲ $37,373,876
Net Assets Without Donor Restrictions$1,937,685$2,263,421▲ $325,736
Total Net Assets Fund Balance$73,147,065$110,846,677▲ $37,699,612
Total Liabilities and Net Assets / Fund Balance$84,051,402$123,834,639▲ $39,783,237

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,780$90,177$111,957

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$63,025,245$5,521,918▲ $7,030,305-$71,665,237
2023$56,293,235$611,006▲ $8,951,892-$63,025,245
2022$67,903,184$1,353,916▼ $9,999,778-$56,293,235
2021$59,439,470$1,697,434▲ $8,611,204-$67,903,184
2020$55,732,535$665,253▲ $4,955,822-$59,439,470
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelly AnoePresidentFT$141,233$5,766$146,999

Board Members and Trustees

NameTitle
John FreyekChair
Sean EganVice-chair
Alfredo EstradaDirector
Chelsea WhittingtonDirector
David WrightDirector
Ellen SzarletaDirector
Gloria MorrisDirector
Gregory GordonDirector
James DunneDirector
Karima Hasan BeyDirector
Lisa GoodnightDirector
Pam OttDirector
Phil TaillonDirector
Richard YoungDirector
Rod GaydaDirector
Stephen KavoisDirector
Verlie SuggsDirector
Carey YukichImmediate Pa
Sherri ZillerSecretary
Matt DoyleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$35,866,088
Program Service Revenue
$1,103,307
Investment Income
$6,101,424
Other Revenue
$0
All Other Contributions
$35,866,088
Change in Net Assets
$35,101,172

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded11$464,546Ave High/low Date of Gift
Total Noncash Contributions11$464,546-

Audited Revenue Reconciliation

Revenue per Audited Statements
$41,576,672
Revenue Not Reported on Financial Statements
$1,494,147
Revenue Not Reported on Form 990
$3,098,761
Other Revenue Adjustments
$1,315,995
Total Revenue per Audited Statements
$44,675,433
Total Revenue per Form 990
$43,070,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,377,632
Other Expenses$1,840,427
Salaries, Compensation, and Employee Benefits$751,588
Total Fundraising Expense$248,192
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,811,000--$4,811,000
Fees for Services Management-$928,209-$928,209
Grants to Domestic Individuals$566,632--$566,632
Other Salaries and Wages$155,415$265,710$80,215$501,340
Fees for Service Investment Mgmnt Fees-$178,121-$178,121
Current Officers, Directors, Trustees, and Key Employees$43,783$74,853$22,597$141,233
Occupancy$26,986$46,136$13,929$87,051
Pension Plan Contributions$18,433$31,514$9,514$59,461
Information Technology$17,399$29,746$8,980$56,125
Payroll Taxes$15,362$26,263$7,929$49,554
Fees for Services Accounting$26,487$13,092-$39,579
Advertising--$25,473$25,473
Conferences and Meetings$6,139$10,495$3,168$19,802
Other Expenses$5,517$9,435$2,848$17,800
Depreciation Depletion$3,237$5,533$1,671$10,441
All Other Expenses$2,698$4,613$1,393$8,704
Office Expenses$2,429$4,150$1,254$7,833
Insurance$2,132$3,644$1,100$6,876
Fees for Services Legal-$2,587-$2,587
Total Functional Expenses$6,072,132$1,649,323$248,192$7,969,647

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,969,647
Expenses per Audited Statements$6,975,821
Total Expenses per Audited Statements$6,975,821
Expenses Not Reported on Financial Statements$993,826
Other Expense Adjustments$815,674
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Town of MerrillvilleMerrillville, IN501c3Community Center Sup$787,320
Tradewinds Services IncMerrillville, IN-Pantry & Sensory Rm$217,504
Food Bank of Northwest IndianaMerrillville, IN501c3Expansion & Org Sup.$177,000
Dunes Learning CenterChesterton, IN501c3Fellowships and Supp$163,221
Ivy Tech East ChicagoEast Chicago, IN501c3Ec Campus Renovation$150,084
Valparaiso University - Office ofValparaiso, IN-Engineering/science$150,000
Calumet College of St JosephWhiting, IN501c3Student Housing$118,353
Lakeshore Public MediaMerrillville, IN501c3Equip., Prog, & Supp$112,179
Ball State University FoundationMuncie, IN501c3Instruction Support$100,000
The Methodist Hospitals FoundationGary, IN501c3Star Recovery Center$100,000
Trinity Lutheran SchoolHobart, IN-Tech & Program Supp.$79,285
Mountain GateOjo Sarco, NM501c3Support Orgs Mission$75,000
Crisis CenterGary, IN501c3Support Orgs Mission$74,333
Hobart Food Pantry IncorporatedHobart, IN501c3Food & Capital Imp.$66,035
Hammond Community CorporationHammond, IN501c3Serve Residents$62,489
Northwest Indiana Symphony SocietyMunster, INGovConcert & Mission$61,549
Miller Citizens CorporationGary, IN501c3Support Orgs Mission$59,113
The Salvation Army NorthwestMunster, IN501c3Support Orgs Mission$58,031
Trinity Lutheran ChurchHobart, IN-Support Orgs Mission$56,035
Vna of Porter CountyValparaiso, IN-Support Orgs Mission$56,035
First Presbyterian Church of NaplesNaples, FL501c3Support Orgs Mission$53,000
Family Life Community Youth CenterGary, IN501c3Co-op Support$50,000
First United Evangelical LutheranHammond, IN501c3Support Orgs Mission$50,000
Purdue University - College ofWest Lafayette, IN501c3Engineering Program$50,000
Maria Reiner CenterHobart, IN501c3Renovations & Staff$48,572
Gary Alumni Pathway to StudentsGary, IN501c3Gaps Mural Project$40,000
Hope HouseMarsing, ID501c3Vehicle Purchase$40,000
Franciscan MinistriesLemont, ILGovSupport Orgs Mission$28,323
Gary Public Transportation CorpGary, IN501c3Senior Transport$26,862
Fair Haven Center for Women IncHighland, IN501c3Victim Support$26,000
Greater Hammond Community ServicesHammond, IN501c3Support Orgs Mission$25,000
Planting ResponsiblitiesHighland, IN501c3Camp Triangle Hills$25,000
Gary Community Partnership CorpGary, IN501c3Youth Lawncare Serv.$23,100
Humane IndianaHighland, IN501c3Support Orgs Mission$21,729
Greek Orthodox Church of SaintHammond, IN501c3Roof Replacement$21,576
Healthvisions Midwest IncHammond, IN501c3Transportation$20,000
ST JOHN'S UNITED CHURCH OF CHRISTCrown Point, IN501c3Support Orgs Mission$20,000
Opportunity Enterprises IncValparaiso, IN501c3Camp & Event Support$18,656
Startedup FoundationNoblesville, IN501c3Educator Fellowship$17,500
United Way of Northwest IndianaValparaiso, IN-Lake Cty Services$16,845
Hospice of the Calumet Area IncMunster, IN501c3Child Educ & Org Sup$16,157
The Multi Agency AcademicValparaiso, IN501c3Further Orgs Mission$15,261
St Jude HouseCrown Point, IN501c3Housing Program$15,000
Community Inclusion ProgramHighland, IN501c3Internships$14,770
Save the Dunes Conservation FundMichigan City, IN501c3Youth Education$14,683
Hobart Community FoundationHobart, IN501c3Support Orgs Mission$13,220
Hammond Education Foundation IncHammond, IN501c3Support Orgs Mission$13,059
Hearts in MotionSchererville, IN501c3New Directions Prog.$12,323
Diocese of GaryMerrillville, IN501c3Needy Children$12,276
St Catherine Hospital IncEast Chicago, IN501c3Safe Baby Discharge$11,871
TEENA'S LEGACYGary, INGovNational Day Tour$11,000
Planned Parenthood of Indiana andIndianapolis, IN501c3Support Orgs Mission$10,991
Coates IncMerrillville, IN501c3Fafsa Fast Track$10,858
Nwi Volunteer Lawyers IncEvansville, INGovVol. Legal Services$10,612
Gary Harm ReductionGary, IN501c3Building Capacity$10,500
Chicagoland Immigrant WelcomeHammond, IN501c3Building Initiative$10,000
Delta InstituteChicago, IL501c3Planting Consortium$10,000
Exceptional Equestrians UnlimitedHobart, IN501c3Support Orgs Mission$10,000
Indiana Legal Services IncMerrillville, INGovJob Opportunities$10,000
Providence Cristo Ray High SchoolIndianapolis, IN501c3Support Orgs Mission$10,000
The Caring Place IncValparaiso, IN501c3Cornerstone to Grow$10,000
Lake County Public LibraryMerrillville, IN501c3Support Orgs Mission$9,821
Mayo Clinic FoundationRochester, MN501c3Alzheimer Research$9,821
First United Methodist Church ofCrown Point, IN501c3Royal Fam Kids & Org$9,656
Miller Community Fund IncGary, IN501c3Support Orgs Mission$9,648
Trinity United Church of ChristGary, IN-Food Expansion/event$9,587
Franciscan HealthCrown Point, IN501c3Support Orgs Mission$9,216
Paladin IncMichigan City, IN501c3Empowering Idd$9,200
Lowell Public LibraryLowell, IN501c3Support Orgs Mission$8,928
Habitat of Humanity of Nw IndianaGary, IN501c3Support Orgs Mission$8,601
The First Tee of HammondHammond, IN501c3Support Orgs Mission$8,027
Lake County Community Services IncCrown Point, IN501c3Senior Transport.$8,012
Southlaketri-cityMerrillville, IN501c3Residential Rec Room$7,845
For the Love of the ArtsHammond, IN501c3Shine Recovery Cafe$7,800
Community Help Network IncCrown Point, IN501c3Buddy Bag$7,500
The Cavaliers Ap&eRosemont, IL501c3Further Orgs Mission$7,268
Friends of the Crown PointCrown Point, IN501c3Support Orgs Mission$7,156
Wittenberg Village Lutheran LifeCrown Point, IN-Support Orgs Mission$7,156
Hobart Historical SocietyHobart, IN501c3Support Orgs Mission$7,104
Hope for Humanity IncRichmond, VAGovEducation in Sudan$6,525
Ivy Tech FoundationIndianapolis, INGovSupport Orgs Mission$6,216
School City of Hobart EducationalHobart, IN501c3Senior Event & Supp.$5,689
Whitingrobertsdale CommWhiting, IN-Support Orgs Mission$5,236
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
Right of Use$341,950
Annuities Payable$330,956
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 11B

President, officers and directors review form 990 and related schedules prior to signing and filing.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest statements are monitored annually at the beginning of the fiscal year. Each board member shall disclose in writing any interest held by self or immediate family, including with a charitable or community organization, business enterprise or consulting work or affiliation with organizations that may create an interest or bias with respect to the foundation's action.

Form 990, Page 6, Part VI, Line 15A

Compensation review and approval is performed annually by the executive committee. The committee utilizes the council on foundations, indiana grantmakers alliance and local salary survey information in review of compensation.

Form 990, Page 6, Part VI, Line 15B

Compensation review and approval is performed annually by the executive committee. The committee utilizes the council on foundations, indiana grantmakers alliance and local salary survey information in review of compensation.

Form 990, Page 6, Part VI, Line 19

The foundation's annual report is mailed to all fund holders, donors and stakeholders. Guidestar is updated with the foundation's current governing documents, current and past annual reports, form 990, articles of incorporation and by-laws are available upon request or by visiting the foundation website. Other governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Legacy Foundation Inc
EIN
35-1872803
Phone
2197361880
Address
370 E 84TH DR STE 100, MERRILLVILLE, IN 46410-6643

Signing Officer

Name
Kelly Anoe
Title
President
Phone
2197361880
Signed
2025-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Anoe
Formed
1992
Legal Domicile
In
Voting Board Members
20
Independent Board Members
20
Employees
14
Volunteers
50

Preparer

Firm
Estep Burkey Simmons LLC
Address
PO BOX 42, MUNCIE, IN 47308-0042
Preparer
Thomas a Roberts
Phone
7652847554
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in value of split-interest agreeement -49,269 custodial fund revenues -1,315,995 custodial fund expenses 815,674 total -549,590

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Custodial funds represent funds placed on deposit with the legacy foundation by other 501(c)(3) organizations based on their individual board resolutions.

Schedule D, Page 2, Part V, Line 4

Term endowments are invested and the principal and earnigs are used for grants, community enhancing projects and other charitable purposes.

Schedule D, Page 3, Part X

The legacy foundation recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely- than-not test, no tax benefit will be recorded. The legacy foundation has examined this issue and has determined there are no material contingent tax liabilities. The legacy foundation's federal and state exempt organization tax returns for 2021, 2022, and 2023 are subject to examination by the internal revenue service and the indiana department of revenue. Returns are generally subject to examination for three years after they are filed.

Schedule D, Page 4, Part XI, Line 2D

Change in value of split-interest agreeement -49,269

Schedule D, Page 4, Part XI, Line 4B

Custodial fund revenues 1,315,995

Schedule D, Page 4, Part XII, Line 4B

Custodial fund expenses 815,674

Raw XML AppendixShowing 400 of 1,414 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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