Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Legacy Adventist Venture
EIN 93-1121816 • 501(c)3 • Portland, OR
Profile
The legacy adventist venture coordinates behavioral health services contracts including mental health, chemical dependency and inpatient services to those whose care would otherwise be provided in state sponsored programs.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
61st percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
9th percentile
Faster asset growth than 9% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Balance Sheet
Assets
Down$0
Down $125,156 (-100%) from 2018
Liabilities
Down$0
Down $125,156 (-100%) from 2018
Net Assets
Flat$0
Flat from 2018
Revenue
Down$2
Down $313,821 (-100%) from 2018
Expenses
Down$125,158
Down $64,298 (-34%) from 2018
Net Income
Down-$125,156
Down $249,523 (-201%) from 2018
Trend Graphs
Filings
Most recent year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $2
- Expenses
- $125,158
- Net income
- -$125,156
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Apr 1, 2018 to Mar 31, 2019
- Signed
- Feb 14, 2020
- Return Version
- 2018v3.1
- Gross Receipts
- $2
Mission and Program Overview
Mission
The legacy adventist venture coordinates behavioral health services contracts including mental health, chemical dependency and inpatient services to those whose care would otherwise be provided in state sponsored programs.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $125,156 | $0 | ▼ $125,156 |
| Savings and Temporary Cash Investments | - | $0 | - |
| 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 | - |
| Land, Buildings, and Equipment, Net | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $125,156 | $0 | ▼ $125,156 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $125,156 | - | - |
| Total Liabilities | $125,156 | $0 | ▼ $125,156 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $0 | $0 | → $0 |
| Total Liabilities and Net Assets / Fund Balance | $125,156 | $0 | ▼ $125,156 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| David Russell | CEO |
| Robert E Dewitt | Secretary |
| Donald Welch | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $2
- Other Revenue
- $0
- Change in Net Assets
- $-125,156
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $125,158 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Expenses | $1,050 | - | - | $1,050 |
| Total Functional Expenses | $125,158 | $0 | $0 | $125,158 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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 Item | Beginning | End | Change |
|---|---|---|---|
| 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
- No
- Annual disclosure for covered persons
- Yes
- Backup withholding compliance
- 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, Part VI, Line 6: Explanation of Classes of Members or Shareholder
“Legacy Health and Adventist Health West are the sole members of Legacy Adventist Venture.”
Form 990, Part VI, Line 11B: Form 990 Review Process
“Legacy Adventist Venture had no voting members when the return was filed due to the dissolution of the entity by the 2 member organizations. A copy of the final Form 990 was provided to the authorized representatives of each of the member organizations that were invloved in the process of dissolution prior to filing.”
Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts
“The following describes the conflict of interest procedures within the Bylaws of the Legacy Adventist Venture. A conflict of interest transaction is a transaction with Legacy Adventist Venture in which a Director has a direct or indirect interest. The employment by, or membership on the Board of Directors of, a member of Legacy Adventist Venture shall not be deemed to be a conflict of interest transaction for any purpose, including all purposes relevant to this Section. A conflict of interest transaction is not voidable by Legacy Adventist Venture solely because of the Director's interest in the transaction if the transaction the authority of the Board of Directors over such transaction, after disclosure to the Board of Directors or the committee of the material facts of the transaction and the Director's interest.(b) For the purposes of this section, a Director has an indirect interest in atransaction if (1) another entity in which the Director has a material interest or in which the Director is a general partner is a party to the transaction, or (2) the Director is a director, officer, or trustee of another entity which is not described in the last sentence of this paragraph and is a party to the transaction, and the transaction is or should be considered by the Board of Directors. A Director does not have a direct or indirect interest in a transaction solely by serving as the director, officer, or trustee of an entity which substantially controls, is under substantially common control with, is wholly owned by or is substantially controlledby Legacy Adventist Venture.(c) For purposes of this section, a conflict of interest transaction isauthorized, approved, or ratified if it receives the affirmative vote of a majority of the Directors on the Board of Directors, or on the committee, who have no direct or indirect interest in the transaction. A transaction may not be authorized, approved, or ratified under this section by a single Director. Notwithstanding any provision of these Bylaws to the contrary, if a majority of the Directors who have no direct or indirect interest in the transaction vote to authorize, approve, or ratify the transaction, a quorum is present for the purpose of taking action under this section. The presence of, or a vote cast by, a Director with a direct or indirect interest- in the transaction does not affect the validity of any actiontaken under this section if the transaction is otherwise authorized, approved or ratified as provided in this section.”
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
“No documents available to the public.”
Filing and Contact Details
Filer
- Filer Name
- Legacy Adventist Venture
- EIN
- 93-1121816
- Phone
- 5034155600
- Address
- 1919 NW LOVEJOY STREET, PORTLAND, OR 97209
Signing Officer
- Name
- Anne Greer
- Title
- Secretary
- Signed
- 2020-02-14
Organization Details
- Principal Officer
- Kathryn Correia
- Formed
- 1992
- Legal Domicile
- Or
- Voting Board Members
- 3
- Independent Board Members
- 0
- Employees
- 0
Supplemental Narrative
Additional Explanations
Other Changes In Net Assets Or Fund Balances - Other Increases
“Payment made to affiliates = $125156”
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| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 54 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 47 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 164 |
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| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00010 |
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| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.99990 |
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| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1097376 |
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| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 753272 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 1176633 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 1097423 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 3341153 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 1 | 16682 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 2 | 27385 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | DAVID RUSSELL |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | DONALD WELCH |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | ROBERT E DEWITT |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | CEO |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | Treasurer |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 2 | Secretary |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 2 | 595322 |
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| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 0 | CONTRACT SERVICES PROVIDED BY AFFILIATE |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 1 | INTEREST EARNED PAID TO AFFILIATE |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 0 | 2018-04-04 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 1 | 2019-01-01 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 0 | 930386823 |
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| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 1 | 2801 N GANTENBEIN AVE |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 0 | PORTLAND |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 1 | PORTLAND |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Legacy Health and Adventist Health West are the sole members of Legacy Adventist Venture. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Legacy Adventist Venture had no voting members when the return was filed due to the dissolution of the entity by the 2 member organizations. A copy of the final Form 990 was provided to the authorized representatives of each of the member organizations that were invloved in the process of dissolution prior to filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The following describes the conflict of interest procedures within the Bylaws of the Legacy Adventist Venture. A conflict of interest transaction is a transaction with Legacy Adventist Venture in which a Director has a direct or indirect interest. The employment by, or membership on the Board of Directors of, a member of Legacy Adventist Venture shall not be deemed to be a conflict of interest transaction for any purpose, including all purposes relevant to this Section. A conflict of interest transaction is not voidable by Legacy Adventist Venture solely because of the Director's interest in the transaction if the transaction the authority of the Board of Directors over such transaction, after disclosure to the Board of Directors or the committee of the material facts of the transaction and the Director's interest.(b) For the purposes of this section, a Director has an indirect interest in atransaction if (1) another entity in which the Director has a material interest or in which the Director is a general partner is a party to the transaction, or (2) the Director is a director, officer, or trustee of another entity which is not described in the last sentence of this paragraph and is a party to the transaction, and the transaction is or should be considered by the Board of Directors. A Director does not have a direct or indirect interest in a transaction solely by serving as the director, officer, or trustee of an entity which substantially controls, is under substantially common control with, is wholly owned by or is substantially controlledby Legacy Adventist Venture.(c) For purposes of this section, a conflict of interest transaction isauthorized, approved, or ratified if it receives the affirmative vote of a majority of the Directors on the Board of Directors, or on the committee, who have no direct or indirect interest in the transaction. A transaction may not be authorized, approved, or ratified under this section by a single Director. Notwithstanding any provision of these Bylaws to the contrary, if a majority of the Directors who have no direct or indirect interest in the transaction vote to authorize, approve, or ratify the transaction, a quorum is present for the purpose of taking action under this section. The presence of, or a vote cast by, a Director with a direct or indirect interest- in the transaction does not affect the validity of any actiontaken under this section if the transaction is otherwise authorized, approved or ratified as provided in this section. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | No documents available to the public. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | PAYMENT MADE TO AFFILIATES = $125156 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Changes In Net Assets Or Fund Balances - Other Increases |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 2 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 3 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 4 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 5 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 6 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 7 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 8 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 9 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | LEGACY HEALTH |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 1 | LEGACY EMANUEL HOSPITAL & HEALTH CENTER |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 2 | LEGACY GOOD SAMARITAN HOSPITAL & MEDICAL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 3 | LEGACY MERIDIAN PARK HOSPITAL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 4 | LEGACY MOUNT HOOD MEDICAL CENTER |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 5 | LEGACY SALMON CREEK HOSPITAL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 6 | ADVENTIST HEALTH SYSTEM WEST |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 7 | PORTLAND ADVENTIST MEDICAL CENTER |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 8 | LEGACY VISITING NURSE ASSOCIATION |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 9 | SILVERTON HEALTH |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 2 | 930386793 |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 4 | 930591528 |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 6 | 953484589 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 7 | 930429015 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 8 | 930848530 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 9 | 930281321 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(C)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 1 | 501(C)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 2 | 501(C)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 3 | 501(C)(3) |
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