Skip to content
Nonprofiteer
← LEGACY FOR THE KINGDOM

Form 990 for tax year 2022

Filed by LEGACY FOR THE KINGDOM.

Totals

Total revenue
$3,919,914
Total expenses
$3,871,492
Contributions and grants received
$929,650
Grants paid
$748,486
Program service revenue
$1,908,978
Investment income
$232,600
Other revenue
$848,686
Total assets, end of year
$42,784,382
Total liabilities, end of year
$19,426,087
Net assets or fund balances, end of year
$23,358,295
Program services expenses (Part IX)
$3,827,696
Management and general expenses
$43,796
Fundraising expenses
$0
Program service expenses (Part III)
$3,827,696

Program services were 98.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $315,410

  • 1f · All other contributions, gifts and grants

    $614,240

  • 1g · Noncash contributions included above

    $929,650

  • 2a · Program service revenue: Rental Income

    total $1,908,978 · related or exempt $1,908,978

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $9,123 · excluded $9,123

  • 6a · Gross rents

    real property $848,686

  • 6c · Rental income or loss

    real property $848,686 · personal property $0

  • 6d · Net rental income or loss

    total $848,686 · excluded $848,686

  • 7a · Gross sales of assets other than inventory

    other assets $223,477

  • 7c · Gain or loss

    securities $0 · other assets $223,477

  • 7d · Net gain or loss

    total $223,477 · excluded $223,477

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $748,486 · program services $748,486

  • 11b · Fees: legal

    total $35,340 · program services $18,393 · management and general $16,947

  • 11c · Fees: accounting

    total $3,787 · management and general $3,787

  • 11g · Fees: other

    total $6,437 · program services $3,349 · management and general $3,088 · fundraising $0

  • 16 · Occupancy

    total $358,410 · program services $338,436 · management and general $19,974

  • 20 · Interest

    total $875,971 · program services $875,971

  • 22 · Depreciation, depletion and amortization

    total $1,843,061 · program services $1,843,061

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $774,252 · end of year $1,603,133

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $150,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,000 · end of year $5,000

  • 10a · Land, buildings and equipment: cost or other basis

    $74,170,675

  • 10b · Land, buildings and equipment: accumulated depreciation

    $33,144,426

  • 10c · Land, buildings and equipment, net

    beginning of year $42,263,304 · end of year $41,026,249

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,452 · end of year $51,565

  • 19 · Deferred revenue

    beginning of year $104,801 · end of year $320,912

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $18,656,722 · end of year $18,372,258

  • 24 · Unsecured notes and loans payable

    beginning of year $918,708 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $681,352

  • 27 · Net assets without donor restrictions

    beginning of year $23,170,932 · end of year $23,219,354

  • 28 · Net assets with donor restrictions

    beginning of year $138,941 · end of year $138,941

Mission and programs · 2022

Mission

To raise funds to benefit the First Assembly of God of Phoenix and to own other companies which in turn own real property and lease it in connection with the charitable purposes of The First Assembly of God.

  • Received rent on real property for charitable purposes and paid expenses for such real property.

    Expenses $3,827,696 · Grants $748,486 · Revenue $1,908,978

As filed on the 2022 return.

Listed in Part VII

  • Atwood Standley

    President

    Total calculated
    $47,944
    From this org
    $0
    From related orgs
    $31,632
    Other
    $16,312
    Hours/week
    5 + 5 related

  • Bob Downing

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Tommy Robertson

    Secretary

    Total calculated
    $130,469
    From this org
    $0
    From related orgs
    $83,883
    Other
    $46,586
    Hours/week
    10 + 40 related

  • Dale Lane

    Director

    Total calculated
    $63,748
    From this org
    $0
    From related orgs
    $0
    Other
    $63,748
    Hours/week
    5 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • FIRST ASSEMBLY OF GOD OF THE CITY OF PHOENIX

    501(c)(3) · Church · AZ

    Directly controlled by NA

  • City Help Inc of Phoenix

    501(c)(3) · Charitable · AZ

    Directly controlled by First Assembly of God of the City of Phoenix

  • Dream City Christian School

    501(c)(3) · Church · AZ

    Directly controlled by First Assembly of God of the City of Phoenix

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 3210 NW Grand Ave LLC

    Real Estate · AZ · income $160,440 · assets $3,774,325

    Directly controlled by Legacy for the Kingdom

  • 13613 N Cave Creek Rd LLC

    Real Estate · AZ · income $828,763 · assets $17,950,637

    Directly controlled by Legacy for the Kingdom

  • LEGACY PROPERTY HOLDINGS LLC

    Real Estate · AZ · income $0 · assets $507,824

    Directly controlled by Legacy for the Kingdom

  • 2205 E EUGIE TERRACE LLC

    Real Estate · AZ · income $0 · assets $191,463

    Directly controlled by Legacy for the Kingdom

  • 28700 N PiMa Rd LLC

    Real Estate · AZ · income $0 · assets $3,192,431

    Directly controlled by Legacy for the Kingdom

  • Church Campus LLC

    Real Estate · AZ · income $0 · assets $4,668,877

    Directly controlled by Legacy for the Kingdom

  • School Campus LLC

    Real Estate · AZ · income $0 · assets $8,333,401

    Directly controlled by Legacy for the Kingdom

  • 4703 Vallery Lane

    Real Estate · AZ · income $0 · assets $688,504

    Directly controlled by Legacy for the Kingdom

  • 745 N ELM ST LLC

    Real Estate · AZ · income $16,000 · assets $433,095

    Directly controlled by Legacy for the Kingdom

  • 75 N CENTRAL LLC

    Real Estate · AZ · income $7,955 · assets $345,680

    Directly controlled by Legacy for the Kingdom

  • 980W FIELD HOUSING COMPLEX LLC

    Real Estate · AZ · income $13,968 · assets $385,589

    Directly controlled by Legacy for the Kingdom

  • 385 W ARIZONA AVE LLC

    Real Estate · AZ · income $596,240 · assets $478,112

    Directly controlled by Legacy for the Kingdom

  • 1 N 3230 COUNTY RD LLC

    Real Estate · AZ · income $9,052 · assets $441,207

    Directly controlled by Legacy for the Kingdom

  • 13239 North 22nd Street

    Real Estate · AZ · income $0 · assets $0

    Directly controlled by Legacy for the Kingdom

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349305613

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.