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Nonprofiteer
← ACTS LEGACY FOUNDATION INC

Form 990 for tax year 2022

Filed by ACTS LEGACY FOUNDATION INC.

Totals

Total revenue
$4,010,794
Total expenses
$4,203,074
Contributions and grants received
$3,543,501
Grants paid
$3,986,413
Program service revenue
$216,661
Investment income
$306,429
Other revenue
-$55,797
Total assets, end of year
$36,736,207
Total liabilities, end of year
$12,336,413
Net assets or fund balances, end of year
$24,399,794
Program services expenses (Part IX)
$3,986,413
Management and general expenses
$216,661
Fundraising expenses
$0
Program service expenses (Part III)
$3,986,413

Program services were 94.8% 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.

  • 1c · Fundraising events

    $419,872

  • 1f · All other contributions, gifts and grants

    $3,123,629

  • 1g · Noncash contributions included above

    $86,168

  • 2a · Program service revenue: FUNDRAISING ADMIN FEE

    total $216,661 · related or exempt $216,661

  • 3 · Investment income

    total $306,429 · excluded $306,429

  • 8a · Fundraising events: gross income

    $136,251

  • 8a · Fundraising events: contributions included on line 1c

    $419,872

  • 8b · Fundraising events: direct expenses

    $192,048

  • 8c · Net income from fundraising events

    total -$55,797 · excluded -$55,797

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,986,413 · program services $3,986,413

  • 24a · Other expenses: MANAGEMENT SERVICES

    total $216,661 · management and general $216,661

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $30,045 · end of year $15,516

  • 11 · Investments: publicly traded securities

    beginning of year $40,538,182 · end of year $36,720,691

  • 25 · Other liabilities

    beginning of year $15,846,754 · end of year $12,336,413

  • 27 · Net assets without donor restrictions

    beginning of year -$390,943 · end of year -$390,943

  • 28 · Net assets with donor restrictions

    beginning of year $25,112,416 · end of year $24,790,737

Mission and programs · 2022

Mission

ACTS LEGACY FOUNDATION, INC. ("ALF") WAS ESTABLISHED TO MANAGE, ENCOURAGE AND INCREASE THE PHILANTHROPIC EFFORTS OF ACTS RETIREMENT-LIFE COMMUNITIES, INC. ("ACTS") AND ITS AFFILIATES. ALF WILL HELP TO IDENTIFY, INITIATE, EXPAND AND FORMALIZE THE CHARITABLE PROGRAMS AND FUNDS OF ACTS. MANAGEMENT AND THE BOARD OF DIRECTORS OF ALF OVERSEE STEWARDSHIP OF DONATED FUNDS AND DISBURSE THEM IN ACCORDANCE WITH DONOR WISHES.

Activities or mission (Part I)

TO SUPPORT AND EXPAND PHILANTHROPIC EFFORTS OF THE ACTS COMMUNITIES AND THEIR AFFILIATES.

  • ACTS LEGACY FOUNDATION, INC. SUSTAINED THE SAMARITAN FUNDS OF ACTS AND ACTS AFFILIATES WHICH ARE PART OF THE FAMILY OF CHARITABLE FUNDS. THESE FUNDS ASSURE FINANCIAL SECURITY FOR LIFECARE RESIDENTS. ACTS LEGACY FOUNDATION, INC. APPROVED AND ADMINISTERED FINANCIAL SUPPORT OF $1,330,091 FOR ASSISTANCE TOWARDS MONTHLY MAINTENANCE FEES FOR 78 RESIDENTS. CHARITABLE DONATIONS FOR THIS PURPOSE WERE $655,240 AND PROCEEDS FROM BENEFITS AND EVENTS WERE $556,123 .

    Expenses $1,330,091 · Grants $1,330,091 · Revenue $102,844

  • MISSION DEVELOPMENT SUPPORTS PHYSICAL EXPANSIONS AND IMPROVEMENTS TO THE ACTS COMMUNITIES WHICH DIRECTLY BENEFIT THE LIVES OF ACTS RESIDENTS. CHARITABLE DONATIONS IN THE AMOUNT OF $1,233,844 WERE RELEASED FOR MISSION DEVELOPMENT PROJECTS. CHARITABLE DONATIONS FOR THESE PURPOSES WERE $518,755.UNRESTRICTED GIFTS SUPPORT THE ACTS COMMUNITIES IN MANY WAYS INCLUDING CAPITAL PROJECTS, CAPITAL EQUIPMENT AND OPERATIONS. UNRESTRICTED CHARITABLE DONATIONS WERE $102,046.

    Expenses $1,233,844 · Grants $1,233,844 · Revenue $31,040

  • SUPPORTING THE OPERATIONAL NEEDS OF THE ACTS COMMUNITIES THROUGH CHARITABLE GIVING PROVIDES DONORS WITH AN OPPORTUNITY TO SUPPORT THE PLANNED PROJECTS AND PROGRAMS THAT HELP TO MEET THE RESIDENTS' SOCIAL, PERSONAL, HEALTH AND SPIRITUAL NEEDS IN A CULTURE OF LOVINGKINDNESS. CHARITABLE GIVING ALSO ENRICHES THE WORK ENVIRONMENT, GIVING EMPLOYEES ADDITIONAL PROFESSIONAL DEVELOPMENT AND TRAINING OPPORTUNITIES. CHARITABLE DONATIONS IN THE AMOUNT OF $926,210 WERE RELEASED FOR PROGRAM SUPPORT AND FACILITY ENHANCEMENTS, POSITIVELY IMPACTING THE LIVES OF OVER 9,900 RESIDENTS. CHARITABLE DONATIONS FOR THESE PURPOSES WERE $1,556,829.

    Expenses $926,210 · Grants $926,210 · Revenue $77,841

  • THE FAMILY OF CHARITABLE FUNDS SUPPORT PROGRAMS THAT BENEFIT THE RESIDENTS AND EMPLOYEES OF THE ACTS COMMUNITIES. THESE INCLUDE THE MEMORY SERVICES SUPPORT PROGRAM, WHICH ENRICHES THE LIVES OF RESIDENTS LIVING WITH DEMENTIA RELATED ILLNESSES, THE REV. GEORGE R. GUNN, JR. DISCIPLE PROGRAM, WHICH PROVIDES FINANCIAL SECURITY FOR LIFECARE RESIDENTS WHO ARE RETIRED CLERGY OF ALL FAITHS, THE HOSPICE PROGRAM, WHICH SUPPORTS RESIDENTS AND FAMILIES WITH END OF LIFE CARE, AND PROGRAMS WHICH PROVIDE EMPLOYEES WITH EDUCATIONAL OPPORTUNITIES AND FINANCIAL SUPPORT FOR CATASTROPHIC LIFE EVENTS. ACTS LEGACY FOUNDATION, INC. APPROVED AND ADMINISTERED THE RELEASE OF $496,268 IN RESTRICTED USE DONOR FUNDS TO SUPPORT THESE PROGRAMS. CHARITABLE DONATIONS FOR THESE PURPOSES WERE $98,712.

    Expenses $496,268 · Grants $496,268 · Revenue $4,936

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gerald T Grant

    DIRECTOR & CEO

    Total calculated
    $1,360,520
    From this org
    $0
    From related orgs
    $818,586
    Other
    $541,934
    Hours/week
    2 + 53.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $602,062 related
    Bonus
    $0 + $216,524 related
    Other
    $0
    Deferred
    $0 + $527,221 related
    Nontaxable benefits
    $0 + $14,713 related
    Filer's total
    $0 + $1,360,520 related

  • Karen I Christiansen

    DIRECTOR, PRESIDENT & TREASURER

    Total calculated
    $805,791
    From this org
    $0
    From related orgs
    $593,046
    Other
    $212,745
    Hours/week
    2 + 53.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $444,870 related
    Bonus
    $0 + $148,176 related
    Other
    $0
    Deferred
    $0 + $194,451 related
    Nontaxable benefits
    $0 + $18,294 related
    Filer's total
    $0 + $805,791 related

  • Marvin Mashner

    DIRECTOR & CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3.6 related

  • Elric C Gerner

    DIRECTOR & SECRETARY

    Total calculated
    $0
    Hours/week
    0.4 + 2.6 related

  • Bayard Allmond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas D Clemens

    DIRECTOR (TO 10/17/22)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • H Bruce Detweiler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • Robert B Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • George R Gunn Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1.2 related

  • Jane E Hukill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deirdre O'Shea McCartney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Jane Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nina Worthington

    DIRECTOR (TO 4/30/22)

    Total calculated
    $0
    Hours/week
    1

  • Glenn D Fox

    ASSISTANT SECRETARY

    Total calculated
    $824,418
    From this org
    $0
    From related orgs
    $463,488
    Other
    $360,930
    Hours/week
    1 + 49.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $364,548 related
    Bonus
    $0 + $98,940 related
    Other
    $0
    Deferred
    $0 + $346,217 related
    Nontaxable benefits
    $0 + $14,713 related
    Filer's total
    $0 + $824,418 related

  • Susan Ahern

    ASSISTANT TREASURER

    Total calculated
    $344,108
    From this org
    $0
    From related orgs
    $313,772
    Other
    $30,336
    Hours/week
    1 + 52.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,606 related
    Bonus
    $0 + $59,166 related
    Other
    $0
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $18,136 related
    Filer's total
    $0 + $344,108 related

  • Raymond J Boyle

    MANAGING DIRECTOR & ASST SEC'Y

    Total calculated
    $210,222
    From this org
    $0
    From related orgs
    $191,565
    Other
    $18,657
    Hours/week
    41 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,451 related
    Bonus
    $0 + $24,114 related
    Other
    $0
    Deferred
    $0 + $7,939 related
    Nontaxable benefits
    $0 + $10,718 related
    Filer's total
    $0 + $210,222 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION HAS AN ANNUAL BOARD OF DIRECTORS' EDUCATIONAL RETREAT NEAR ONE OR MORE OF THE ORGANIZATION'S COMMUNITIES, WHICH MAY REQUIRE SOME OR ALL BOARD MEMBERS TO TRAVEL. SPOUSES OF BOARD MEMBERS ARE ALSO INVITED TO ATTEND AT THE COMPANY'S EXPENSE. THESE SPOUSES PARTICIPATE IN EDUCATIONAL SESSIONS, SINCE THEY TOO HAVE AN INTEREST IN THE MISSION OF THE ORGANIZATION, FREQUENTLY BECOME INVOLVED IN DISCUSSION OF THEIR SPOUSE'S ROLE AND HOW THE ORGANIZATION FUNCTIONS, AND ALSO MUST PROVIDE ENABLING SUPPORT TO THE BOARD MEMBER. IN ADDITION, SPOUSES ALSO PROVIDE INSIGHT INTO THE EFFECTS OF ORGANIZATIONAL PLANS AND STRATEGIES. AS SUCH, THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION.
PART I, LINE 3
IT HAS BEEN THE PRACTICE OF THE MANAGEMENT COMPANY, ACTS MANAGEMENT SERVICES, INC., TO UTILIZE AN INDEPENDENT COMPENSATION CONSULTANT ON AN APPROXIMATELY BIENNIAL BASIS FOR THE PURPOSE OF REVIEWING THE COMPENSATION PROGRAM FOR THE ORGANIZATION'S TOP MANAGEMENT POSITIONS, RANGING FROM THE COMMUNITY MANAGERS UP TO THE CEO. THE STUDY, THE LATEST VERSION OF WHICH WAS COMPLETED IN 2020, INCLUDES COMPARISON OF NOT-FOR-PROFIT AND FOR-PROFIT COMPETITORS, OPERATING EFFECTIVENESS, IDENTIFICATION OF INDUSTRY SPECIFIC TRENDS OR PRACTICES IN COMPENSATION OR RECRUITMENT/EMPLOYMENT. MEASUREMENT AND ACTION ARE GENERALLY FOCUSED AT THE MEDIAN AND SLIGHTLY ABOVE IN ACCORDANCE WITH LEVELS IDENTIFIED IN THE STUDY. THE REPORTS' FINDINGS ARE REVIEWED WITH THE PARENT BOARD OFFICERS. COMPENSATION ADJUSTMENTS FOR THE PRESIDENT & CEO ARE DETERMINED BY A COMMITTEE OF INDEPENDENT BOARD MEMBERS APPOINTED BY THE CHAIRMAN AND ARE BASED ON THE FINDINGS OF THE MOST RECENT STUDY AND A REVIEW OF PERFORMANCE COMPARED AGAINST OBJECTIVE CRITERIA. THIS DETERMINATION IS REPORTED TO AND APPROVED BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN WRITING BY THE BOARD CHAIR. SIMILARLY, COMPENSATION ADJUSTMENTS FOR THE MOST SENIOR MEMBERS OF MANAGEMENT REFLECT STUDY FINDINGS AND PERFORMANCE MEASUREMENT AGAINST SPECIFIED CRITERIA AND ARE DETERMINED BY THE CEO AND REVIEWED WITH THE BOARD CHAIR.
PART I, LINE 4B
OTHER COMPENSATION FOR KAREN I. CHRISTIANSEN, GLENN D. FOX, AND GERALD T. GRANT INCLUDES ACCRUALS FOR A DEFERRED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. THE AMOUNT OF THE CURRENT YEAR ACCRUAL IS $182,251 FOR KAREN I. CHRISTIANSEN (NON-VESTED), $334,017 FOR GLENN D. FOX (NON-VESTED), AND $515,021 FOR GERALD T. GRANT (NON-VESTED).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313189349300346

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