Civic Intelligence

Floyd County Legacy Foundation

990 • Fiscal year 2020 • EIN 83-3564985

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileN/A
311 Hauss Square Rm 113New Albany, IN 47150

(812) 987-9065

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

3rd percentile

0.00x

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

99th percentile

236%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

96th percentile

143%

Faster revenue growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Up

$30,722,514

Up $21,581,982 (+236%) from 2019

Net Assets

Up

$30,722,514

Up $21,581,982 (+236%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin99th percentile

Revenue

Up

$19,751,560

Up $11,637,702 (+143%) from 2019

Expenses

Up

$346,654

Up $345,163 (+23150%) from 2019

Net Income

Up

$19,404,906

Up $11,292,539 (+139%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$40M$30M$20M$10M$0Assets 2019: $9,140,532Liabilities 2019: $0Net Assets 2019: $9,140,5322019Assets 2020: $30,722,514Liabilities 2020: $0Net Assets 2020: $30,722,5142020Assets 2021: $34,092,386Liabilities 2021: $0Net Assets 2021: $34,092,3862021Assets 2022: $28,322,386Liabilities 2022: $0Net Assets 2022: $28,322,3862022Assets 2023: $30,755,283Liabilities 2023: $0Net Assets 2023: $30,755,2832023Assets 2024: $33,334,252Liabilities 2024: $0Net Assets 2024: $33,334,2522024

Highlighted filing

2020

Assets$30,722,514
Liabilities$0
Net Assets$30,722,514
Open 2020 Filing

Operations Trend

Revenue Growth96th percentile

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

$20M$10M$0-$10MRevenue 2019: $8,113,858Expenses 2019: $1,491Net Income 2019: $8,112,3672019Revenue 2020: $19,751,560Expenses 2020: $346,654Net Income 2020: $19,404,9062020Revenue 2021: $1,100,715Expenses 2021: $376,127Net Income 2021: $724,5882021Revenue 2022: -$266,795Expenses 2022: $540,659Net Income 2022: -$807,4542022Revenue 2023: $856,845Expenses 2023: $1,997,748Net Income 2023: -$1,140,9032023Revenue 2024: $1,497,948Expenses 2024: $1,501,175Net Income 2024: -$3,2272024

Highlighted filing

2020

Revenue$19,751,560
Expenses$346,654
Net Income$19,404,906
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$21,528,741
Mission and Program Overview

Mission

To provide endowed funds as a resource to help meet community needs today and provide for those changing needs for the future generations by encouraging philanthropic leadership and flexible charitable opportunities.

Provide endowed funds as a resource to help meet community needs and provide for those changing needs for the future generations by encouraging philanthropic leadership and flexible charitable opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,850,018$17,900,022▲ $9,050,004
Savings and Temporary Cash Investments$290,514$12,822,492▲ $12,531,978
Total Assets$9,140,532$30,722,514▲ $21,581,982
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,140,532$30,722,514▲ $21,581,982
Total Net Assets Fund Balance$9,140,532$30,722,514▲ $21,581,982
Total Liabilities and Net Assets / Fund Balance$9,140,532$30,722,514▲ $21,581,982
Compensation and Service Providers
Top Officer Pay8th percentile

Board Members and Trustees

NameTitle
Steve BurksChairman
Adam RobertsTrustee
Bill WhiteTrustee
Tim KamerSecretary
Ray ChinnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,700,000
Program Service Revenue
$0
Investment Income
$51,560
Other Revenue
$0
Change in Net Assets
$19,404,906

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,751,560
Revenue Not Reported on Form 990
$2,177,076
Total Revenue per Audited Statements
$21,928,636
Total Revenue per Form 990
$19,751,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$313,915
Other Expenses$32,739
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$313,915--$313,915
Fees for Service Investment Mgmnt Fees$24,262--$24,262
Fees for Services Other$3,301--$3,301
Information Technology$2,570--$2,570
Other Expenses$600--$600
Office Expenses$118--$118
Total Functional Expenses$346,654$0$0$346,654

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$346,654
Total Expenses per Audited Statements$346,654
Total Expenses per Form 990$346,654
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Floyd County Parks DepartmentNew Albany, INGovSupport$150,000
John Jones Automotive GroupCorydon, IN-Van Purchase$73,915
Blessings in a BackpackFort Wayne, IN-Support$30,000
Clark & Floyd System of CareNew Albany, IN501c3Child Abuse Prevent$25,000
Floyd County Health DepartmentNew Albany, INGovCovid-19 Fund$25,000
The Salvation ArmyAlexandria, VA501cSupport$10,000
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
Audit committee
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, Page 6, Part VI, Line 11B

“Board members to review before filing.”

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

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms 1)copy of policy received 2)read and understands policy 3) agreed to comply with policy and 4)understands the organizations tax exempt status and required activities to maintain. The board of directors will perform periodic reviews to determine if any activities are considered a conflict of interest.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Floyd County Legacy Foundation Inc
EIN
83-3564985
Phone
8129879065
Address
311 HAUSS SQUARE RM 113, NEW ALBANY, IN 47150

Signing Officer

Name
Steve Burks
Title
Chairman
Phone
8129879065
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Burks
Formed
2019
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Deming Malone Livesay & Ostroff
Address
301 E ELM STREET, NEW ALBANY, IN 47150
Preparer
Sarah Hunter CPA
Phone
8129455236
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Floyd county legacy foundation, inc. Is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. The organization evaluates its uncertain tax positions in accordance with applicable standards. It has evaluated its tax positions, and believes that it has none that are uncertain.”

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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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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1620 PARK EAST BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2615 SLATERS LANE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3300 TECHNOLOGY AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4111 E WAYNE STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt51735 GARDNER LN NW
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0STE 2217
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt1SUITE 555
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW ALBANY
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NEW ALBANY
IRS990ScheduleI/RecipientTable/USAddress/CityNm2ALEXANDRIA
IRS990ScheduleI/RecipientTable/USAddress/CityNm3NEW ALBANY
IRS990ScheduleI/RecipientTable/USAddress/CityNm4FORT WAYNE
IRS990ScheduleI/RecipientTable/USAddress/CityNm5CORYDON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3IN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4IN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd047150
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd147150
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd222314
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd347150
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd446802
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd547112
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS TO REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS 1)COPY OF POLICY RECEIVED 2)READ AND UNDERSTANDS POLICY 3) AGREED TO COMPLY WITH POLICY AND 4)UNDERSTANDS THE ORGANIZATIONS TAX EXEMPT STATUS AND REQUIRED ACTIVITIES TO MAINTAIN. THE BOARD OF DIRECTORS WILL PERFORM PERIODIC REVIEWS TO DETERMINE IF ANY ACTIVITIES ARE CONSIDERED A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09140532
IRS990/TotalAssetsEOYAmt030722514
IRS990/TotalAssetsGrp/BOYAmt09140532
IRS990/TotalAssetsGrp/EOYAmt030722514
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt019700000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0346654
IRS990/TotalFunctionalExpensesGrp/TotalAmt0346654
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09140532
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt030722514
IRS990/TotalProgramServiceExpensesAmt0346654
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt051560
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt019751560
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09140532
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt030722514
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0311 HAUSS SQ RM 113
IRS990/USAddress/CityNm0NEW ALBANY
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047150
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE BURKS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08129879065
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FLOYD COUNTY LEGACY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FLOY
ReturnHeader/Filer/EIN0833564985
ReturnHeader/Filer/PhoneNum08129879065
ReturnHeader/Filer/USAddress/AddressLine1Txt0311 HAUSS SQUARE RM 113
ReturnHeader/Filer/USAddress/CityNm0NEW ALBANY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047150
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611064249
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DEMING MALONE LIVESAY & OSTROFF
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 E ELM STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047150
ReturnHeader/PreparerPersonGrp/PhoneNum08129455236
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARAH HUNTER CPA
ReturnHeader/ReturnTs02021-11-15T14:16:42-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEVE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BURKS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,722,514
Liabilities
$0
Net assets
$30,722,514
Revenue
$19,751,560
Expenses
$346,654
Net income
$19,404,906
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.3$0.00$33.3$1.50$1.50$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.8$0.00$30.8$0.86$2.00$1.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.3$0.00$28.3$0.27$0.54$0.81
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.1$0.00$34.1$1.10$0.38$0.72
2020Detailed filing. Detailed filing data is available for this year.$30.7$0.00$30.7$19.8$0.35$19.4
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.14$0.00$9.14$8.11$0.00$8.11