Civic Intelligence

Legacy Life Foundation Inc.

990EZ • Fiscal year 2019 • EIN 81-1780406

Jan 01, 2019 to Dec 31, 2019 • Filed on May 11, 2020

114 12th Ave EPalmetto, FL 34221

(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.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

95th percentile

71%

Higher net margin than 95% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

66th percentile

14%

Faster asset growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

8th percentile

-58%

Faster revenue growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$35,945

Up $4,291 (+14%) from 2018

Net Assets

Up

$35,945

Up $4,291 (+14%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$6,050

Down $8,333 (-58%) from 2018

Expenses

Down

$1,760

Down $60,050 (-97%) from 2018

Net Income

Up

$4,290

Up $51,717 (+109%) from 2018

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

2019

Assets$35,945
Liabilities$0
Net Assets$35,945

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

2019

Revenue$6,050
Expenses$1,760
Net Income$4,290
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 11, 2020
Return Version
2019v5.0
Gross Receipts
$6,050
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. 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.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARGHERITA GARDNERPresident-$0--
LISA MASONSec/Treasure-$0--
JOANNE DI PAOLADirector-$0--
CATERINA PASSERINIDirector-$0--
DAN GARDNERSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Legacy Life Foundation Inc
EIN
81-1780406
Address
114 12TH AVE E, PALMETTO, FL 34221

Signing Officer

Name
Margherita Gardner
Title
President
Signed
2020-05-11
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 social media 250 video recording 100 business filings 184 office supplies 66 67 total 667

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. 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 Appendix138 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES SOCIAL MEDIA 250 VIDEO RECORDING 100 BUSINESS FILINGS 184 OFFICE SUPPLIES 66 67 TOTAL 667
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. 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/ReturnTs02020-05-11T11:38:20-05:00
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ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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