Civic Intelligence

Srm Legacy Foundation

990 • Fiscal year 2024 • EIN 92-1954818

Jul 01, 2023 to Jun 30, 2024 • Filed on May 15, 2025

Organization Profile
5 West Las Vegas StreetColorado Springs, CO 80903

(719) 632-1822

Siviq Scores

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

Liabilities / Assets

51st percentile

0.18x

Higher debt load relative to assets than 51% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.21x

Higher debt load relative to revenue than 47% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

60th percentile

$215,808

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$21,741,321

Up $21,741,321 from 2023

Net Assets

Up

$17,926,357

Up $17,926,357 from 2023

Liabilities

Up

$3,814,964

Up $3,814,964 from 2023

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin99th percentile

Revenue

Up

$18,441,552

Up $18,441,552 from 2023

Expenses

Up

$515,195

Up $515,195 from 2023

Net Income

Up

$17,926,357

Up $17,926,357 from 2023

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$30M$20M$10M$0Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $21,741,321Liabilities 2024: $3,814,964Net Assets 2024: $17,926,3572024

Highlighted filing

2024

Assets$21,741,321
Liabilities$3,814,964
Net Assets$17,926,357
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$15M$10M$5.0M$0Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $18,441,552Expenses 2024: $515,195Net Income 2024: $17,926,3572024

Highlighted filing

2024

Revenue$18,441,552
Expenses$515,195
Net Income$17,926,357
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$18,455,432
Mission and Program Overview

Mission

To provide support to Springs Rescue Mission, a Colorado not-for-profit organization.

To support the work and mission of The Springs Rescue Mission

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$21,706,537-
Pledges and Grants Receivable-$34,784-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$0$21,741,321▲ $21,741,321
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property-$3,434,252-
Other Liabilities$0$372,906▲ $372,906
Accounts Payable and Accrued Expenses-$7,806-
Total Liabilities$0$3,814,964▲ $3,814,964
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$17,910,802-
Net Assets With Donor Restrictions-$15,555-
Total Net Assets Fund Balance$0$17,926,357▲ $17,926,357
Total Liabilities and Net Assets / Fund Balance$0$21,741,321▲ $21,741,321

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,185,335$7,018,924$27,204,259
Land$1,521,202-$1,521,202
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleOtherTotal
Keith SchumacherCFO$130,801$130,801

Board Members and Trustees

NameTitle
Alison MurrayBoard Chair
Sam CameronBoard Member
Tom PerkinsBoard Member
David HouleBoard Secretary
Jack BriggsCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$18,432,412
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$9,140
All Other Contributions
$34,784
Change in Net Assets
$17,926,357

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial14$18,397,628Other - Book Value
Total Noncash Contributions14$18,397,628-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$506,324
Total Fundraising Expense$19,170
Grants and Similar Amounts Paid$8,871
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$337,560$9,044$10,936$357,540
Depreciation Depletion$127,192$3,343$3,687$134,222
Office Expenses$7,298$1,142$4,547$12,987
Grants to Domestic Orgs$8,871--$8,871
Fees for Services Accounting-$1,575-$1,575
Total Functional Expenses$480,921$15,104$19,170$515,195
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Springs Rescue MissionColorado Springs, CO501(c)(3)Support mission of SRM$8,871
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to related organization$372,906
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15

“The organization does not compensate any officers or key employees. Therefore, these lines were answered no in accordance with the instructions.”

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“Springs Rescue Mission ("SRM"), in its capacity as the supported organization of SRM Legacy Foundation ("the Foundation"), holds the right to review and approve the slate of all nominees for election to the board of the Foundation. Nominees to fill periodic vacancies must likewise be approved by SRM. SRM may furthermore act at its discretion to remove a Foundation director with notice provided to the organization.”

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

“The following actions of the Foundation require approval or ratification by SRM, the supported organization: 1. Amendments to the Foundation's Articles or bylaws; 2. Nomination, election and/or approval of directors who serve on the Foundation's board; 3. Incurrence of indebtedness other than trade debt incurred in the ordinary course of operations; 4. Adoption of plan of merger or consolidation; 5. Sale, lease, exchange, mortgage, pledge, or other disposition of all or substantially all of its assets; 6. Dissolution.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top financial management prior to filing with the IRS and will be reviewed by the finance committee at their next meeting.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Conflict of interest disclosures are completed annually by all board members and officers. The Board selection committee and board chair review the statements. If an individual has a conflict of interest with a decision at hand, they would be asked to recuse themselves from discussion and voting on the matter affected by the conflict of interest.”

Form 990, Part VI, Line 19 Required documents available to the public

“The governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
SRM Legacy Foundation
EIN
92-1954818
Phone
7196321822
Address
5 West Las Vegas Street, Colorado Springs, CO 80903

Signing Officer

Name
Keith Schumacher
Title
CFO
Phone
7196321822
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2023
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
CRI Capin Crouse Advisors LLC
Address
345 Massachusetts Ave Suite 300, Indianapolis, IN 46204
Preparer
Shannon Maynard
Phone
5055022746
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2 New program services

“Hold properties for its supported organization, Springs Rescue Mission.”

Raw XML AppendixShowing 400 of 644 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07806
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To support the work and mission of The Springs Rescue Mission
IRS990/AllOtherContributionsAmt034784
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt00
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Keith Schumacher
IRS990/BooksInCareOfDetail/PhoneNum07196321822
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05 West Las Vegas ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0Colorado Springs
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd080903
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt018432412
IRS990/CYGrantsAndSimilarPaidAmt08871
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0506324
IRS990/CYOtherRevenueAmt09140
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt017926357
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0515195
IRS990/CYTotalFundraisingExpenseAmt019170
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt018441552
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt03687
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt03343
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0127192
IRS990/DepreciationDepletionGrp/TotalAmt0134222
IRS990/Desc0To hold legal title to real estate assets on behalf of Springs Rescue Mission (SRM). During FY24, the SRM Legacy Foundation completed the legal transfer of title for 11 real estate properties from SRM, with fixed assets totaling over $21 million recorded on the Foundation's books. These properties are leased back to SRM under $1 annual lease agreements. Although SRM manages and operates all properties, the Foundation exists to legally hold these assets in a separate entity for stewardship and protection purposes.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt015555
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0480921
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01575
IRS990/FeesForServicesAccountingGrp/TotalAmt01575
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt145.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt48065
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt55149
IRS990/Form990PartVIISectionAGrp/PersonNm0Alison Murray
IRS990/Form990PartVIISectionAGrp/PersonNm1David Houle
IRS990/Form990PartVIISectionAGrp/PersonNm2Sam Cameron
IRS990/Form990PartVIISectionAGrp/PersonNm3Tom Perkins
IRS990/Form990PartVIISectionAGrp/PersonNm4Jack Briggs
IRS990/Form990PartVIISectionAGrp/PersonNm5Keith Schumacher
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4207743
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5125652
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt5CFO
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr02023
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt08871
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt08871
IRS990/GrantsToDomesticOrgsGrp/TotalAmt08871
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt018455432
IRS990/GrossRentsGrp/RealAmt023020
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07018924
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021706537
IRS990/LandBldgEquipCostOrOtherBssAmt028725461
IRS990/LegalDomicileStateCd0CO
IRS990/LessRentalExpensesGrp/RealAmt013880
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0To provide support to Springs Rescue Mission, a Colorado not-for-profit organization.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03434252
IRS990/NetAssetsOrFundBalancesBOYAmt00
IRS990/NetAssetsOrFundBalancesEOYAmt017926357
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt04667
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt09140
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt04473
IRS990/NetUnrelatedBusTxblIncmAmt03026
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt017910802
IRS990/NoncashContributionsAmt018397628
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt010936
IRS990/OccupancyGrp/ManagementAndGeneralAmt09044
IRS990/OccupancyGrp/ProgramServicesAmt0337560
IRS990/OccupancyGrp/TotalAmt0357540
IRS990/OfficeExpensesGrp/FundraisingAmt04547
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01142
IRS990/OfficeExpensesGrp/ProgramServicesAmt07298
IRS990/OfficeExpensesGrp/TotalAmt012987
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0372906
IRS990/OtherRevenueTotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt034784
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Jack Briggs
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt017926357
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt018397628
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt09140
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/AppointElectMajorityOfficerInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ExerciseDirectionPoliciesInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ParentSupportedOrgInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The organization is a supporting organization as described under Section 509(a)(3) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify that once the organization has completed its first 5 years, that the organization can qualify under public charity status section 170(b)(1)(A)(vi), and will therefore qualify to use the first listed special rule for Schedule B reporting. The organization has determined that it qualifies under public charity status for the year ending 6/30/24, and has therefore used the first listed Special rule for Schedule B reporting.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1Per the instructions public support is measured using a 5-year computation period that includes the current and four prior tax years (including short years). The organization had a short year in 2022. The below chart clarifies the information represented in Schedule A, Part II: Column (d) - Fiscal year 1/6/2023 - 6/30/2023 Column (e) - Fiscal year ending 6/30/24
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Schedule A, Part II Columns (d) - (e)
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt018432412
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt018432412
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09015
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09015
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportTotal170Amt018432412
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0841340824
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt08871
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0The Springs Rescue Mission
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt08871
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt018432412
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt018432412
IRS990ScheduleA/TotalSupportAmt018444453
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt03026
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt03026
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt020185335
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07018924
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt027204259
IRS990ScheduleD/LandGrp/BookValueAmt01521202
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01521202
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0372906
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to related organization
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021706537
IRS990ScheduleD/TotalLiabilityAmt0372906
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt08871
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Support mission of SRM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0The Springs Rescue Mission
IRS990ScheduleI/RecipientTable/RecipientEIN0841340824
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05 West Las Vegas St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Colorado Springs
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd080903
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organization makes grants to its supported organization, The Springs Rescue Mission. The organizations are under common management.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt06000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0201743
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt06128
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt01937
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Jack Briggs
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0215808
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt014
IRS990ScheduleM/RealEstateCommercialGrp/MethodOfDeterminingRevenuesTxt0Other - Book Value
IRS990ScheduleM/RealEstateCommercialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateCommercialGrp/NoncashContributionsRptF990Amt018397628
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0Real estate - Commercial - The number in column (b) represents the number of properties donated.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule M, Part I Explanations of reporting method for number of contributions
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Hold properties for its supported organization, Springs Rescue Mission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization does not compensate any officers or key employees. Therefore, these lines were answered no in accordance with the instructions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Springs Rescue Mission ("SRM"), in its capacity as the supported organization of SRM Legacy Foundation ("the Foundation"), holds the right to review and approve the slate of all nominees for election to the board of the Foundation. Nominees to fill periodic vacancies must likewise be approved by SRM. SRM may furthermore act at its discretion to remove a Foundation director with notice provided to the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The following actions of the Foundation require approval or ratification by SRM, the supported organization: 1. Amendments to the Foundation's Articles or bylaws; 2. Nomination, election and/or approval of directors who serve on the Foundation's board; 3. Incurrence of indebtedness other than trade debt incurred in the ordinary course of operations; 4. Adoption of plan of merger or consolidation; 5. Sale, lease, exchange, mortgage, pledge, or other disposition of all or substantially all of its assets; 6. Dissolution.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top financial management prior to filing with the IRS and will be reviewed by the finance committee at their next meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Conflict of interest disclosures are completed annually by all board members and officers. The Board selection committee and board chair review the statements. If an individual has a conflict of interest with a decision at hand, they would be asked to recuse themselves from discussion and voting on the matter affected by the conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The governing documents, conflict of interest policy, and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2 New program services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0SRM Legacy Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1SRM Legacy Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2SRM Legacy Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt3SRM Legacy Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt4SRM Legacy Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt5SRM Legacy Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt6SRM Legacy Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt7SRM Legacy Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt8SRM Legacy Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt9SRM Legacy Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt10SRM Legacy Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt09 West Las Vegas Street LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt175 West Las Vegas Street LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt25 West Las Vegas Street LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt325 West Las Vegas Street LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt423 West Las Vegas Street LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt521 West Las Vegas Street LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt61519 East Las Vegas Street LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt71116 South Nevada Avenue LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt81112 South Nevada Avenue LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt9111 West Las Vegas Street LLC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,741,321
Liabilities
$3,814,964
Net assets
$17,926,357
Revenue
$18,441,552
Expenses
$515,195
Net income
$17,926,357
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.7$3.81$17.9$18.4$0.52$17.9
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00