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Nonprofiteer
← LEGACYTREE FOUNDATION

Form 990 for tax year 2022

Filed by LEGACYTREE FOUNDATION.

Totals

Total revenue
$8,304,562
Total expenses
$4,710,825
Contributions and grants received
$5,835,484
Grants paid
$1,102,387
Program service revenue
$0
Investment income
$2,074,702
Other revenue
$394,376
Total assets, end of year
$75,938,646
Total liabilities, end of year
$62,711,865
Net assets or fund balances, end of year
$13,226,781
Program services expenses (Part IX)
$3,084,763
Management and general expenses
$1,080,963
Fundraising expenses
$545,099
Program service expenses (Part III)
$3,084,763

Program services were 65.5% 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.

  • 1f · All other contributions, gifts and grants

    $5,835,484

  • 1g · Noncash contributions included above

    $661,633

  • 3 · Investment income

    total $2,070,053 · related or exempt $2,070,053

  • 7a · Gross sales of assets other than inventory

    securities $1,407,495

  • 7b · Less cost or other basis and sales expenses

    securities $1,402,846

  • 7c · Gain or loss

    securities $4,649

  • 7d · Net gain or loss

    total $4,649 · excluded $4,649

  • 11a · Other revenue: INSURANCE COMMISSIONS

    total $394,243 · unrelated business $394,243

  • 11b · Other revenue: OTHER REVENUE

    total $133 · unrelated business $133

  • 11e · Other revenue, total

    $394,376

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,102,387 · program services $1,102,387

  • 5 · Compensation of officers, directors and key employees

    total $436,457 · program services $152,760 · management and general $130,937 · fundraising $152,760

  • 7 · Other salaries and wages

    total $359,847 · program services $125,946 · management and general $107,955 · fundraising $125,946

  • 8 · Pension plan contributions

    total $75,036 · program services $26,263 · management and general $22,510 · fundraising $26,263

  • 9 · Other employee benefits

    total $4,380 · program services $1,533 · management and general $1,314 · fundraising $1,533

  • 10 · Payroll taxes

    total $52,532 · program services $18,386 · management and general $15,760 · fundraising $18,386

  • 11b · Fees: legal

    total $899 · management and general $899

  • 11c · Fees: accounting

    total $81,416 · management and general $81,416

  • 11g · Fees: other

    total $3,146 · program services $1,101 · management and general $944 · fundraising $1,101

  • 12 · Advertising and promotion

    total $118,460 · program services $530 · management and general $88,620 · fundraising $29,310

  • 13 · Office expenses

    total $73,678 · program services $2,309 · management and general $60,005 · fundraising $11,364

  • 16 · Occupancy

    total $38,998 · management and general $38,998

  • 17 · Travel

    total $4,752 · management and general $2,376 · fundraising $2,376

  • 22 · Depreciation, depletion and amortization

    total $1,048 · management and general $1,048

  • 24a · Other expenses: REINSURANCE COST

    total $1,643,202 · program services $1,643,202

  • 24b · Other expenses: REFERRAL FEES

    total $704,241 · management and general $528,181 · fundraising $176,060

  • 24c · Other expenses: ANNETTE'S HEART PROJECT

    total $10,346 · program services $10,346

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,149,745 · end of year $1,339,593

  • 2 · Savings and temporary cash investments

    beginning of year $253,852 · end of year $390,044

  • 4 · Accounts receivable

    beginning of year $19,665 · end of year $118,490

  • 7 · Other notes and loans receivable

    beginning of year $41,371 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,594 · end of year $11,756

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

    $688,470

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

    $22,197

  • 10c · Land, buildings and equipment, net

    beginning of year $1,169 · end of year $666,273

  • 11 · Investments: publicly traded securities

    beginning of year $1,251,151 · end of year $1,292,082

  • 13 · Investments: program-related

    beginning of year $66,414,329 · end of year $72,118,713

  • 15 · Other assets

    beginning of year $1,695 · end of year $1,695

  • 17 · Accounts payable and accrued expenses

    beginning of year $83,684 · end of year $177,600

  • 25 · Other liabilities

    beginning of year $58,243,622 · end of year $62,534,265

  • 27 · Net assets without donor restrictions

    beginning of year $10,819,265 · end of year $13,226,781

Mission and programs · 2022

Mission

TO PROVIDE SPIRITUAL, PHYSICAL AND HUMANITARIAN AID TO THOSE IN NEED.

  • IN 2022 LEGACYTREE FOUNDATION (LTF) PRESENTED 206 GRANTS TO WORTHY ORGANIZATIONS WHO PROVIDE THE HANDS-ON SERVICES OF FULFULLING LTF'S MISSION TO 'PROVIDE SPIRITUAL, PHYSICAL, AND HUMANITARIAN AID TO THOSE IN NEED.' GRANTS ARE DISTRIBUTED TO LTF'S CHOSEN CHARITABLE IMPACT PARTNERS IN ADDITION TO ORGANIZATIONS RECOMMENDED BY LTF DONORS.

    Expenses $3,084,763 · Grants $1,102,387

As filed on the 2022 return.

Listed in Part VII

  • James Wolter

    PRESIDENT

    Total calculated
    $241,981
    From this org
    $200,283
    From related orgs
    $0
    Other
    $41,698
    Hours/week
    40 + 14 related

    Schedule J breakdown matched by us

    Base
    $110,283
    Bonus
    $90,000
    Other
    $0
    Deferred
    $40,498
    Nontaxable benefits
    $1,200
    Filer's total
    $241,981

  • Eugene Linkous Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gregory Wolter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Swartzendruer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Bunker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nanette Beebe

    SECRETARY/TREASURER

    Total calculated
    $194,476
    From this org
    $159,433
    From related orgs
    $0
    Other
    $35,043
    Hours/week
    40 + 13 related

    Schedule J breakdown matched by us

    Base
    $110,926
    Bonus
    $48,507
    Other
    $0
    Deferred
    $32,508
    Nontaxable benefits
    $2,535
    Filer's total
    $194,476

  • John Frazier

    CASE DESIGN SPECIALIST

    Total calculated
    $170,641
    From this org
    $140,942
    From related orgs
    $0
    Other
    $29,699
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $55,218
    Bonus
    $85,724
    Other
    $0
    Deferred
    $28,499
    Nontaxable benefits
    $1,200
    Filer's total
    $170,641

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

  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE ORGANIZATION AWARDED BONUSES TO EVERYONE THIS YEAR.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • LEGACYTREE PLANNING LLC

    AQUIRE ANNUITIES FOR THE FOUNDATION'S RESERVE PORTFOLIO · TN · income $394,243 · assets $376,384

    Directly controlled by LEGACYTREE FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2023
IRS schema version
2022v5.0
Source object
202301309349303180

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