Civic Intelligence

Legacy Philanthropy Works

990 • Fiscal year 2017 • EIN 47-2584632

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

521 Santa Barbara StreetSanta Barbara, CA 93101

(805) 845-7113

Siviq Scores

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

Liabilities / Assets

95th percentile

1.01x

Higher debt load relative to assets than 95% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

83rd percentile

0.11x

Higher debt load relative to revenue than 83% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

6th percentile

-71%

Higher net margin than 6% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

89th percentile

$37,500

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

3rd percentile

-85%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

7th percentile

-59%

Faster revenue growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$27,638

Down $158,629 (-85%) from 2016

Net Assets

Down

-$360

Down $174,184 (-100%) from 2016

Liabilities

Up

$27,998

Up $15,555 (+125%) from 2016

Revenue

Down

$246,760

Down $350,188 (-59%) from 2016

Expenses

Down

$420,944

Down $5,826 (-1.4%) from 2016

Net Income

Down

-$174,184

Down $344,362 (-202%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2016: $186,267Liabilities 2016: $12,443Net Assets 2016: $173,8242016Assets 2017: $27,638Liabilities 2017: $27,998Net Assets 2017: -$3602017Assets 2018: $214,964Liabilities 2018: $118,744Net Assets 2018: $96,2202018Assets 2019: $199,212Liabilities 2019: $63,928Net Assets 2019: $135,2842019Assets 2020: $257,033Liabilities 2020: $28,808Net Assets 2020: $228,2252020Assets 2021: $624,200Liabilities 2021: $69,366Net Assets 2021: $554,8342021Assets 2022: $753,015Liabilities 2022: $54,995Net Assets 2022: $698,0202022Assets 2023: $1,629,783Liabilities 2023: $310,840Net Assets 2023: $1,318,9432023Assets 2024: $7,833,341Liabilities 2024: $1,869,672Net Assets 2024: $5,963,6692024

Highlighted filing

2017

Assets$27,638
Liabilities$27,998
Net Assets-$360

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2016: $596,948Expenses 2016: $426,770Net Income 2016: $170,1782016Revenue 2017: $246,760Expenses 2017: $420,944Net Income 2017: -$174,1842017Revenue 2018: $687,583Expenses 2018: $591,003Net Income 2018: $96,5802018Revenue 2019: $576,360Expenses 2019: $537,296Net Income 2019: $39,0642019Revenue 2020: $667,082Expenses 2020: $574,141Net Income 2020: $92,9412020Revenue 2021: $1,293,937Expenses 2021: $967,328Net Income 2021: $326,6092021Revenue 2022: $1,730,473Expenses 2022: $1,587,287Net Income 2022: $143,1862022Revenue 2023: $3,156,159Expenses 2023: $2,535,236Net Income 2023: $620,9232023Revenue 2024: $9,174,277Expenses 2024: $4,529,551Net Income 2024: $4,644,7262024

Highlighted filing

2017

Revenue$246,760
Expenses$420,944
Net Income-$174,184
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$246,760
Mission and Program Overview

Mission

Enable donors, investors, and local organizations to achieve their conservation and community goals for the places they love. Legacy philanthropy works facilitates collaborative efforts and mobilizes capital initiatives that reshape the future of communities landscapes.

Help communities envision their desired future and figure out how to get there.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$10,994$14,440▲ $3,446
Savings and Temporary Cash Investments$174,274$12,950▼ $161,324
Cash and Non-Interest-Bearing Accounts$999$248▼ $751
Total Assets$186,267$27,638▼ $158,629
Liabilities
Accounts Payable and Accrued Expenses$8,723$27,998▲ $19,275
Other Liabilities$3,720$0▼ $3,720
Total Liabilities$12,443$27,998▲ $15,555
Net Assets / Fund Balance
Unrestricted Net Assets$173,824$-360▼ $174,184
Total Net Assets Fund Balance$173,824$-360▼ $174,184
Total Liabilities and Net Assets / Fund Balance$186,267$27,638▼ $158,629
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carl PalmerPresident/executive DirectPT$37,500$37,500

Board Members and Trustees

NameTitle
Jack SheaDirector
Doug WachobSecretary
Shelley RatayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$150,269
Program Service Revenue
$96,410
Investment Income
$81
Other Revenue
$0
All Other Contributions
$150,269
Change in Net Assets
$-174,184
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$224,198
Other Expenses$196,746
Total Fundraising Expense$45,598
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$135,527$21,926$9,989$167,442
Fees for Services Other$122,833$930$3,300$127,063
Current Officers, Directors, Trustees, and Key Employees$20,625$7,500$9,375$37,500
Travel$10,047$698$13,208$23,953
Occupancy$18,955$2,979-$21,934
Payroll Taxes$11,123$2,068$1,325$14,516
Fees for Services Accounting-$8,103-$8,103
Office Expenses$2,945$1,181$3,940$8,066
Other Employee Benefits-$2,370$2,370$4,740
Insurance-$4,271-$4,271
Information Technology--$1,881$1,881
Fees for Services Legal-$598-$598
Conferences and Meetings$176-$210$386
Advertising$165$129-$294
Interest-$197-$197
Total Functional Expenses$322,396$52,950$45,598$420,944
International Activity

International Summary

Offices
0
Employees
1
Spending
$12,752

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaProgram ServicesCommunity Impact Services01$12,752
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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 B, Line 11B

The board makes a motion to assign that responsibility at its annual meeting and that role has been assigned to the board treasurer and the executive director for the 990 filing for year 2017.

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

Each year board members are required to complete and sign an annual conflict of interest disclosure form.

Form 990, Part VI, Section B, Line 15

Executive director compensation is determined pursuant to the organization's conflict of interest and compensation approval policies. A survey of comparable salaries is undertaken and a written employment contract is executed, both with board review and approval.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Legacy Philanthropy Works
EIN
47-2584632
Phone
8058457113
Address
521 SANTA BARBARA STREET, SANTA BARBARA, CA 93101

Signing Officer

Name
Carl Palmer
Title
President/executive Director
Phone
8058457113
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Palmer
Formed
2014
Legal Domicile
Wy
Voting Board Members
4
Independent Board Members
3
Employees
8
Volunteers
4

Preparer

Firm
Damitz Brooks Nightingale
Address
200 EAST CARRILLO STREET SUITE 303, SANTA BARBARA, CA 93101
Preparer
Catherine Macaulay
Phone
8059631837
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Team services: program service expenses 109,892. Management and general expenses 930. Fundraising expenses 0. Total expenses 110,822. Contract services: program service expenses 12,941. Management and general expenses 0. Fundraising expenses 3,300. Total expenses 16,241.

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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/MissionDesc0ENABLE DONORS, INVESTORS, AND LOCAL ORGANIZATIONS TO ACHIEVE THEIR CONSERVATION AND COMMUNITY GOALS FOR THE PLACES THEY LOVE. LEGACY PHILANTHROPY WORKS FACILITATES COLLABORATIVE EFFORTS AND MOBILIZES CAPITAL INITIATIVES THAT RESHAPE THE FUTURE OF COMMUNITIES LANDSCAPES.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0IMPACT INVESTING CONSULTING SERVICES - WE HELP FUNDERS, NONPROFIT ORGANIZATIONS, COLLABORATIONS AND COMMUNITIES IDENTIFY OPPORTUNITIES, DILIGENCE, PLAN, AND IMPLEMENT IMPACT INVESTMENT INITIATIVES AT A VARIETY OF SCALES FROM SINGLE INVESTMENTS TO THE CREATION OF FUNDS OR OTHER PRODUCT OFFERINGS TO COMMUNITY-WIDE IMPACT INVESTING INITIATIVES. WE UNDERTAKE FEASIBILITY STUDIES FOR NEW OFFERINGS TO TEST UPTAKE AND POTENTIAL STRUCTURES WITH LEADERS IN THE IMPACT INVESTMENT FIELD, HELP STRUCTURE OFFERINGS AND TAKE THEM TO MARKET.
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt012752
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0NORTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0COMMUNITY IMPACT SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt01
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt012752
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt012752
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD MAKES A MOTION TO ASSIGN THAT RESPONSIBILITY AT ITS ANNUAL MEETING AND THAT ROLE HAS BEEN ASSIGNED TO THE BOARD TREASURER AND THE EXECUTIVE DIRECTOR FOR THE 990 FILING FOR YEAR 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH YEAR BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE DIRECTOR COMPENSATION IS DETERMINED PURSUANT TO THE ORGANIZATION'S CONFLICT OF INTEREST AND COMPENSATION APPROVAL POLICIES. A SURVEY OF COMPARABLE SALARIES IS UNDERTAKEN AND A WRITTEN EMPLOYMENT CONTRACT IS EXECUTED, BOTH WITH BOARD REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TEAM SERVICES: PROGRAM SERVICE EXPENSES 109,892. MANAGEMENT AND GENERAL EXPENSES 930. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 110,822. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 12,941. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 3,300. TOTAL EXPENSES 16,241.
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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1ID
IRS990/StatesWhereCopyOfReturnIsFldCd2WY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0186267
IRS990/TotalAssetsEOYAmt027638
IRS990/TotalAssetsGrp/BOYAmt0186267
IRS990/TotalAssetsGrp/EOYAmt027638
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0150269
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt045598
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052950
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0322396
IRS990/TotalFunctionalExpensesGrp/TotalAmt0420944
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012443
IRS990/TotalLiabilitiesEOYAmt027998
IRS990/TotalLiabilitiesGrp/BOYAmt012443
IRS990/TotalLiabilitiesGrp/EOYAmt027998
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0173824
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-360
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0322396
IRS990/TotalProgramServiceRevenueAmt096410
IRS990/TotalReportableCompFromOrgAmt037500
IRS990/TotalRevenueGrp/ExclusionAmt081
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt096410
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0246760
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0186267
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027638
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt013208
IRS990/TravelGrp/ManagementAndGeneralAmt0698
IRS990/TravelGrp/ProgramServicesAmt010047
IRS990/TravelGrp/TotalAmt023953
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0173824
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-360
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0521 SANTA BARBARA STREET
IRS990/USAddress/CityNm0SANTA BARBARA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093101
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0LEGACYPHILANTHROPYWORKS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CARL PALMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08058457113
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEGACY PHILANTHROPY WORKS
ReturnHeader/Filer/BusinessNameControlTxt0LEGA
ReturnHeader/Filer/EIN0472584632
ReturnHeader/Filer/PhoneNum08058457113
ReturnHeader/Filer/USAddress/AddressLine1Txt0521 SANTA BARBARA STREET
ReturnHeader/Filer/USAddress/CityNm0SANTA BARBARA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093101
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId059AA566807AE115F1BC5C21457E80B5F439BF67C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00591CA96BCCA1146BB85BAB81CC8ACEE9BE92FC0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.64.156.34
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm010:38:15
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0770076647
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAMITZ BROOKS NIGHTINGALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 EAST CARRILLO STREET SUITE 303
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SANTA BARBARA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093101
ReturnHeader/PreparerPersonGrp/PhoneNum08059631837
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHERINE MACAULAY
ReturnHeader/ReturnTs02018-11-15T13:27:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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