Civic Intelligence

Legacy Life Foundation Inc.

990EZ • Fiscal year 2018 • EIN 81-1780406

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 22, 2019

9917 Clear Lake CircleNaples, FL 34109

(239) 682-1216

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

2nd percentile

-330%

Higher net margin than 2% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

7th percentile

-60%

Faster asset growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-53%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$31,654

Down $47,427 (-60%) from 2017

Net Assets

$31,654

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$14,383

Down $15,897 (-53%) from 2017

Expenses

Up

$61,810

Up $57,457 (+1320%) from 2017

Net Income

Down

-$47,427

Down $73,354 (-283%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2017: $79,081Liabilities 2017: $02017Assets 2018: $31,654Liabilities 2018: $0Net Assets 2018: $31,6542018Assets 2019: $35,945Liabilities 2019: $0Net Assets 2019: $35,9452019Assets 2020: $40,992Liabilities 2020: $0Net Assets 2020: $40,9922020Assets 2021: $242,294Liabilities 2021: $0Net Assets 2021: $242,2942021Assets 2022: $530,487Liabilities 2022: $1Net Assets 2022: $530,4872022Assets 2023: $4,786,684Liabilities 2023: $1Net Assets 2023: $4,786,6842023Assets 2024: $5,031,613Liabilities 2024: $515Net Assets 2024: $5,031,0982024

Highlighted filing

2018

Assets$31,654
Liabilities$0
Net Assets$31,654

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $30,280Expenses 2017: $4,353Net Income 2017: $25,9272017Revenue 2018: $14,383Expenses 2018: $61,810Net Income 2018: -$47,4272018Revenue 2019: $6,050Expenses 2019: $1,760Net Income 2019: $4,2902019Revenue 2020: $6,200Expenses 2020: $1,153Net Income 2020: $5,0472020Revenue 2021: $225,800Expenses 2021: $24,498Net Income 2021: $201,3022021Revenue 2022: $375,483Expenses 2022: $87,290Net Income 2022: $288,1932022Revenue 2023: $517,365Expenses 2023: $174,407Net Income 2023: $342,9582023Revenue 2024: $282,730Expenses 2024: $386,927Net Income 2024: -$104,1972024

Highlighted filing

2018

Revenue$14,383
Expenses$61,810
Net Income-$47,427
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 22, 2019
Return Version
2018v3.1
Gross Receipts
$14,383
Mission and Program Overview

Mission

This corporation is organized exclusively for charitable, religious, and educational pruposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code, or the corresponding section of any future federal tax code. It will conduct religious training classes for individuals planning to enter into religious ministry.

Program Services

DescriptionGrantsExpenses
THE MINISTRY HAS DONATED 60,000.00 TO LIFE CHRISTIAN CHURCH INTERNATIONAL, INC. (EIN 38-3042920). THE MINISTRY'S PRESIDENT, MARGHERITA GARDNER, IS PRESIDENT OF THE CHURCH. THE ONLY OTHER ACTIVITY OF THE MINISTRY TO DATE HAS BEEN RESEARCH AND PLANNING RELATED TO THE INTENDED FUTURE ACTIVITIES DESCRIBED BELOW. THE MINISTRY'S OFFICERS HAVE RESEARCHED RELIGIOUS TRAINING COURSES AND CURRICULUM, RESEARCHED AND VIEWED POSSIBLE VENUES FOR FUTURE TRAINING SITES, AND INTERVIEWED ORAL ROBERTS UNIVERSITY, CHARIS BIBLE COLLEGE, AND RHEMA BIBLE COLLEGE REGARDING CURRICULUM AND OPPORTUNITIES FOR SHARED TRAINING EXPERIENCES AND THE RECOGNITION OF THE MINISTRY'S CLASSES FOR CREDIT TOWARD THE DEGREES OFFERED BY THESE INSTITUTIONS. FUTURE ACTIVITIES THE MINISTRY WILL PROVIDE RELIGIOUS TRAINING CLASSES TO ADULTS DESIRING TO BECOME CHRISTIAN MINISTERS. IT IS ANTICIPATED THAT THESE CLASSES WILL COMMENCE IN THE FALL OF 2019, WITH A GROUP OF APPROXIMATELY TEN TO TWENTY TRAINEES. CLASSES WILL BE HELD AT A 10,000 SQUARE FOOT BUILDING LOCATED AT 2320 VANDERBILT BEACH ROAD, NAPLES, FLORIDA 34109. THIS BUILDING IS OWNED BY THE PRESIDENT OF THE MINISTRY, AND SHE WILL PROVIDE USE OF THE BUILDING AT NO CHARGE. CLASSES WILL BE TAUGHT BY PASTOR GARDNER AND OTHER QUALIFIED VOLUNTEERS AND STAFF OF LIFE CHRISTIAN CHURCH, AS DETERMINED BY PASTOR GARDNER AND THE MINISTRY'S BOARD. INITIAL AVAILABLE CLASSES WILL INCLUDE: BIBLICAL AND THEOLOGICAL STUDIES, CHRISTIAN MINISTRY AND LEADERSHIP, PSYCHOLOGY, CHURCH / MINISTRY BUSINESS ADMINISTRATION, AND OLD AND NEW TESTAMENT SURVEY. CURRICULUM FOR THE CLASSES WILL BE CREATED BY PASTOR GARDNER OR WILL BE LICENSED FROM SOUTHEASTERN UNIVERSITY IN LAKELAND, FLORIDA. CLASSES WILL LAST APPROXIMATELY ONE HOUR EACH AND WILL MEET THREE TIMES PER WEEK, FOR A TOTAL OF FIFTEEN WEEKS PER SEMESTER, WITH THREE SEMESTERS PER YEAR. COSTS TO TRAINEES WILL BE APPROXIMATELY 4,500.00 TO 11 ,000.00 PER YEAR DEPENDING ON THE CHOSEN CLASSES. THE MINISTRY MAY PROVIDE CERTIFICATES OF COMPLETION, BUT IT WILL NOT GRANT DEGREES. THE MINISTRY DESIRES FOR CLASSES TO COUNT AS CREDIT TOWARD A DEGREE OFFERED BY SOUTHEASTERN UNIVERSITY (EIN: 59-0722789), A 501(C)(3) ORGANIZATION OUT OF LAKELAND, FLORIDA. THE MINISTRY IS CURRENTLY NEGOTIATING WITH SOUTHEASTERN UNIVERSITY TO ALLOW FOR THIS OUTCOME, BUT NOTHING HAS BEEN APPROVED AT THIS TIME.-$60,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARGHERITA GARDNERPresident-$0--
LISA MASONSec/Treasure-$0--
BRET KELLYDirector-$0--
BARBARA JAMESDirector-$0--
JOANNE DI PAOLADirector-$0--
Filing and Contact Details

Filer

Filer Name
Legacy Life Foundation Inc
EIN
81-1780406
Address
9917 CLEAR LAKE CIRCLE, NAPLES, FL 34109

Signing Officer

Name
Margherita Gardner
Title
President
Signed
2019-04-22
Discuss with paid preparer
Yes

Preparer

Firm
Dba Schreiber Advisors Pc
Address
888 W BIG BEAVER RD SUITE 888, TROY, MI 48084
Preparer
Jeremy Meyersieck
Phone
2486897550
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses business filings 61 bank service charges 78 total 139

Form 990-ez, Part II, Line 24

957 957 less accumulated depreciation 957 957 total 0 0

Form 990-ez, Part III

This corporation is organized exclusively for charitable, religious, and educational pruposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code, or the corresponding section of any future federal tax code. It will conduct religious training classes for individuals planning to enter into religious ministry.

Form 990-ez, Part III, Line 28

The ministry has donated 60,000.00 to life christian church international, inc. (ein 38-3042920). The ministry's president, margherita gardner, is president of the church. The only other activity of the ministry to date has been research and planning related to the intended future activities described below. The ministry's officers have researched religious training courses and curriculum, researched and viewed possible venues for future training sites, and interviewed oral roberts university, charis bible college, and rhema bible college regarding curriculum and opportunities for shared training experiences and the recognition of the ministry's classes for credit toward the degrees offered by these institutions. Future activities the ministry will provide religious training classes to adults desiring to become christian ministers. It is anticipated that these classes will commence in the fall of 2019, with a group of approximately ten to twenty trainees. Classes will be held at a 10,000 square foot building located at 2320 vanderbilt beach road, naples, florida 34109. This building is owned by the president of the ministry, and she will provide use of the building at no charge. Classes will be taught by pastor gardner and other qualified volunteers and staff of life christian church, as determined by pastor gardner and the ministry's board. Initial available classes will include: biblical and theological studies, christian ministry and leadership, psychology, church / ministry business administration, and old and new testament survey. Curriculum for the classes will be created by pastor gardner or will be licensed from southeastern university in lakeland, florida. Classes will last approximately one hour each and will meet three times per week, for a total of fifteen weeks per semester, with three semesters per year. Costs to trainees will be approximately 4,500.00 to 11 ,000.00 per year depending on the chosen classes. The ministry may provide certificates of completion, but it will not grant degrees. The ministry desires for classes to count as credit toward a degree offered by southeastern university (ein: 59-0722789), a 501(c)(3) organization out of lakeland, florida. The ministry is currently negotiating with southeastern university to allow for this outcome, but nothing has been approved at this time.

Raw XML Appendix129 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE MINISTRY HAS DONATED 60,000.00 TO LIFE CHRISTIAN CHURCH INTERNATIONAL, INC. (EIN 38-3042920). THE MINISTRY'S PRESIDENT, MARGHERITA GARDNER, IS PRESIDENT OF THE CHURCH. THE ONLY OTHER ACTIVITY OF THE MINISTRY TO DATE HAS BEEN RESEARCH AND PLANNING RELATED TO THE INTENDED FUTURE ACTIVITIES DESCRIBED BELOW. THE MINISTRY'S OFFICERS HAVE RESEARCHED RELIGIOUS TRAINING COURSES AND CURRICULUM, RESEARCHED AND VIEWED POSSIBLE VENUES FOR FUTURE TRAINING SITES, AND INTERVIEWED ORAL ROBERTS UNIVERSITY, CHARIS BIBLE COLLEGE, AND RHEMA BIBLE COLLEGE REGARDING CURRICULUM AND OPPORTUNITIES FOR SHARED TRAINING EXPERIENCES AND THE RECOGNITION OF THE MINISTRY'S CLASSES FOR CREDIT TOWARD THE DEGREES OFFERED BY THESE INSTITUTIONS. FUTURE ACTIVITIES THE MINISTRY WILL PROVIDE RELIGIOUS TRAINING CLASSES TO ADULTS DESIRING TO BECOME CHRISTIAN MINISTERS. IT IS ANTICIPATED THAT THESE CLASSES WILL COMMENCE IN THE FALL OF 2019, WITH A GROUP OF APPROXIMATELY TEN TO TWENTY TRAINEES. CLASSES WILL BE HELD AT A 10,000 SQUARE FOOT BUILDING LOCATED AT 2320 VANDERBILT BEACH ROAD, NAPLES, FLORIDA 34109. THIS BUILDING IS OWNED BY THE PRESIDENT OF THE MINISTRY, AND SHE WILL PROVIDE USE OF THE BUILDING AT NO CHARGE. CLASSES WILL BE TAUGHT BY PASTOR GARDNER AND OTHER QUALIFIED VOLUNTEERS AND STAFF OF LIFE CHRISTIAN CHURCH, AS DETERMINED BY PASTOR GARDNER AND THE MINISTRY'S BOARD. INITIAL AVAILABLE CLASSES WILL INCLUDE: BIBLICAL AND THEOLOGICAL STUDIES, CHRISTIAN MINISTRY AND LEADERSHIP, PSYCHOLOGY, CHURCH / MINISTRY BUSINESS ADMINISTRATION, AND OLD AND NEW TESTAMENT SURVEY. CURRICULUM FOR THE CLASSES WILL BE CREATED BY PASTOR GARDNER OR WILL BE LICENSED FROM SOUTHEASTERN UNIVERSITY IN LAKELAND, FLORIDA. CLASSES WILL LAST APPROXIMATELY ONE HOUR EACH AND WILL MEET THREE TIMES PER WEEK, FOR A TOTAL OF FIFTEEN WEEKS PER SEMESTER, WITH THREE SEMESTERS PER YEAR. COSTS TO TRAINEES WILL BE APPROXIMATELY 4,500.00 TO 11 ,000.00 PER YEAR DEPENDING ON THE CHOSEN CLASSES. THE MINISTRY MAY PROVIDE CERTIFICATES OF COMPLETION, BUT IT WILL NOT GRANT DEGREES. THE MINISTRY DESIRES FOR CLASSES TO COUNT AS CREDIT TOWARD A DEGREE OFFERED BY SOUTHEASTERN UNIVERSITY (EIN: 59-0722789), A 501(C)(3) ORGANIZATION OUT OF LAKELAND, FLORIDA. THE MINISTRY IS CURRENTLY NEGOTIATING WITH SOUTHEASTERN UNIVERSITY TO ALLOW FOR THIS OUTCOME, BUT NOTHING HAS BEEN APPROVED AT THIS TIME.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES BUSINESS FILINGS 61 BANK SERVICE CHARGES 78 TOTAL 139
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1957 957 LESS ACCUMULATED DEPRECIATION 957 957 TOTAL 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PRUPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. IT WILL CONDUCT RELIGIOUS TRAINING CLASSES FOR INDIVIDUALS PLANNING TO ENTER INTO RELIGIOUS MINISTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MINISTRY HAS DONATED 60,000.00 TO LIFE CHRISTIAN CHURCH INTERNATIONAL, INC. (EIN 38-3042920). THE MINISTRY'S PRESIDENT, MARGHERITA GARDNER, IS PRESIDENT OF THE CHURCH. THE ONLY OTHER ACTIVITY OF THE MINISTRY TO DATE HAS BEEN RESEARCH AND PLANNING RELATED TO THE INTENDED FUTURE ACTIVITIES DESCRIBED BELOW. THE MINISTRY'S OFFICERS HAVE RESEARCHED RELIGIOUS TRAINING COURSES AND CURRICULUM, RESEARCHED AND VIEWED POSSIBLE VENUES FOR FUTURE TRAINING SITES, AND INTERVIEWED ORAL ROBERTS UNIVERSITY, CHARIS BIBLE COLLEGE, AND RHEMA BIBLE COLLEGE REGARDING CURRICULUM AND OPPORTUNITIES FOR SHARED TRAINING EXPERIENCES AND THE RECOGNITION OF THE MINISTRY'S CLASSES FOR CREDIT TOWARD THE DEGREES OFFERED BY THESE INSTITUTIONS. FUTURE ACTIVITIES THE MINISTRY WILL PROVIDE RELIGIOUS TRAINING CLASSES TO ADULTS DESIRING TO BECOME CHRISTIAN MINISTERS. IT IS ANTICIPATED THAT THESE CLASSES WILL COMMENCE IN THE FALL OF 2019, WITH A GROUP OF APPROXIMATELY TEN TO TWENTY TRAINEES. CLASSES WILL BE HELD AT A 10,000 SQUARE FOOT BUILDING LOCATED AT 2320 VANDERBILT BEACH ROAD, NAPLES, FLORIDA 34109. THIS BUILDING IS OWNED BY THE PRESIDENT OF THE MINISTRY, AND SHE WILL PROVIDE USE OF THE BUILDING AT NO CHARGE. CLASSES WILL BE TAUGHT BY PASTOR GARDNER AND OTHER QUALIFIED VOLUNTEERS AND STAFF OF LIFE CHRISTIAN CHURCH, AS DETERMINED BY PASTOR GARDNER AND THE MINISTRY'S BOARD. INITIAL AVAILABLE CLASSES WILL INCLUDE: BIBLICAL AND THEOLOGICAL STUDIES, CHRISTIAN MINISTRY AND LEADERSHIP, PSYCHOLOGY, CHURCH / MINISTRY BUSINESS ADMINISTRATION, AND OLD AND NEW TESTAMENT SURVEY. CURRICULUM FOR THE CLASSES WILL BE CREATED BY PASTOR GARDNER OR WILL BE LICENSED FROM SOUTHEASTERN UNIVERSITY IN LAKELAND, FLORIDA. CLASSES WILL LAST APPROXIMATELY ONE HOUR EACH AND WILL MEET THREE TIMES PER WEEK, FOR A TOTAL OF FIFTEEN WEEKS PER SEMESTER, WITH THREE SEMESTERS PER YEAR. COSTS TO TRAINEES WILL BE APPROXIMATELY 4,500.00 TO 11 ,000.00 PER YEAR DEPENDING ON THE CHOSEN CLASSES. THE MINISTRY MAY PROVIDE CERTIFICATES OF COMPLETION, BUT IT WILL NOT GRANT DEGREES. THE MINISTRY DESIRES FOR CLASSES TO COUNT AS CREDIT TOWARD A DEGREE OFFERED BY SOUTHEASTERN UNIVERSITY (EIN: 59-0722789), A 501(C)(3) ORGANIZATION OUT OF LAKELAND, FLORIDA. THE MINISTRY IS CURRENTLY NEGOTIATING WITH SOUTHEASTERN UNIVERSITY TO ALLOW FOR THIS OUTCOME, BUT NOTHING HAS BEEN APPROVED AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
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ReturnHeader/BusinessOfficerGrp/PersonNm0MARGHERITA GARDNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEGACY LIFE FOUNDATION INC
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ReturnHeader/Filer/EIN0811780406
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DBA SCHREIBER ADVISORS PC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
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ReturnHeader/PreparerPersonGrp/PhoneNum02486897550
ReturnHeader/PreparerPersonGrp/PreparationDt02019-04-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEREMY MEYERSIECK
ReturnHeader/ReturnTs02019-04-30T09:35:54-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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