Civic Intelligence

Kingdom Vision Legacy Fund

990 • Fiscal year 2021 • EIN 85-2525985

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

1212 Warrior WayPrescott, AZ 86305

(928) 445-6306

Siviq Scores

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

Liabilities / Assets

77th percentile

0.44x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

1.41x

Higher debt load relative to revenue than 87% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$8,969,965

No earlier filing loaded for comparison.

Net Assets

$5,049,970

No earlier filing loaded for comparison.

Liabilities

$3,919,995

No earlier filing loaded for comparison.

Revenue

$2,786,097

No earlier filing loaded for comparison.

Expenses

$356

No earlier filing loaded for comparison.

Net Income

$2,785,741

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2021: $8,969,965Liabilities 2021: $3,919,995Net Assets 2021: $5,049,9702021Assets 2022: $11,825,042Liabilities 2022: $5,188,532Net Assets 2022: $6,636,5102022Assets 2023: $13,405,992Liabilities 2023: $5,014,416Net Assets 2023: $8,391,5762023Assets 2024: $12,970,142Liabilities 2024: $4,831,652Net Assets 2024: $8,138,4902024

Highlighted filing

2021

Assets$8,969,965
Liabilities$3,919,995
Net Assets$5,049,970

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2021: $2,786,097Expenses 2021: $356Net Income 2021: $2,785,7412021Revenue 2022: $1,745,646Expenses 2022: $159,106Net Income 2022: $1,586,5402022Revenue 2023: $1,202,481Expenses 2023: $12,931Net Income 2023: $1,189,5502023Revenue 2024: $932,404Expenses 2024: $521,295Net Income 2024: $411,1092024

Highlighted filing

2021

Revenue$2,786,097
Expenses$356
Net Income$2,785,741
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.0
Gross Receipts
$2,786,097
Mission and Program Overview

Mission

Kingdom Vision Legacy Fund is organized, and shall be operated exclusively for the support of Trinity Christian School activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$1,472,273-
Land, Buildings, and Equipment, Net-$1,423,653-
Savings and Temporary Cash Investments-$582,173-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$0$8,969,965▲ $8,969,965
Other Assets Total-$5,491,866-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$3,401,490-
Accounts Payable and Accrued Expenses-$518,505-
Total Liabilities$0$3,919,995▲ $3,919,995
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$4,849,970-
Net Assets With Donor Restrictions-$200,000-
Total Net Assets Fund Balance$0$5,049,970▲ $5,049,970
Total Liabilities and Net Assets / Fund Balance$0$8,969,965▲ $8,969,965

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,423,653-$1,423,653
Other Assets Org$5,491,866--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ron McGrawPresident
Larry StanekVice President
David SommervilleMember
Archie WrightSecretary
Cheryl MinnickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,785,907
Program Service Revenue
$0
Investment Income
$190
Other Revenue
$0
All Other Contributions
$2,785,907
Change in Net Assets
$2,785,741
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$356
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses-$85-$85
Other Expenses-$65-$65
Total Functional Expenses$0$356$0$356
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

990 Made available to board for review before filing

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Transactions with a potentional conflict of interest are monitored for compliance to the policy.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Kingdom Vision Legacy Fund
EIN
85-2525985
Phone
9284456306
Address
1212 Warrior Way, Prescott, AZ 86305

Signing Officer

Name
Ron McGraw
Title
President
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron McGraw
Formed
2020
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Slater & Rutherford Pllc
Address
2086 WILLOW CREEK RD, PRESCOTT, AZ 86301
Preparer
Gidget S Slater CPA
Phone
9287780079
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Transfer from related party = $2264229

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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt11077 Mogollon Road
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Prescott
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1Prescott
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0AZ
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1AZ
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd186301
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Trinity Christian School Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0481307052
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Provide childhood Christian education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(b)(1)(A)(ii)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01212 Warrior Way
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Prescott
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02429569
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt13401491
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt22264229
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt31500
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt42000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt52264229
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Transactions
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Actual Balance
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2cash value
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3Estimate
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt4Estimate
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt5cash value
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Trinity Christian School Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Trinity Christian School Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2Trinity Christian School Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3Trinity Christian School Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt4Trinity Christian School Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt5Trinity Christian School Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0c
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IRS990ScheduleR/TransferFromOtherOrgInd0true
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IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt08969965
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt08969965
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02785907
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0356
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0356
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt03919995
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IRS990/TotalLiabilitiesGrp/EOYAmt03919995
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05049970
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0190
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02786097
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08969965
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01212 Warrior Way
IRS990/USAddress/CityNm0Prescott
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd086305
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1

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