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Nonprofiteer
← CAPSTONE LEGACY FOUNDATION INC

Form 990 for tax year 2024

Filed by CAPSTONE LEGACY FOUNDATION INC.

Totals

Total revenue
$3,374,027
Total expenses
$4,500,941
Contributions and grants received
$2,941,553
Grants paid
$1,353,206
Program service revenue
$238,527
Investment income
-$240,966
Other revenue
$434,913
Total assets, end of year
$4,187,029
Total liabilities, end of year
$578,390
Net assets or fund balances, end of year
$3,608,639
Program services expenses (Part IX)
$3,423,033
Management and general expenses
$432,977
Fundraising expenses
$644,931
Program service expenses (Part III)
$3,423,033

Program services were 76.1% 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

    $2,941,553

  • 2a · Program service revenue: Educational Events

    total $238,527 · related or exempt $238,527

  • 3 · Investment income

    total -$240,966 · related or exempt -$240,966

  • 5 · Royalties

    total $432,513 · related or exempt $432,513

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: All Other

    total $2,400 · related or exempt $2,400

  • 11e · Other revenue, total

    $2,400

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,293,706 · program services $1,293,706

  • 3 · Grants to foreign organizations and individuals

    total $59,500 · program services $59,500

  • 5 · Compensation of officers, directors and key employees

    total $297,118 · program services $170,249 · management and general $78,439 · fundraising $48,430

  • 7 · Other salaries and wages

    total $526,237 · program services $301,534 · management and general $138,926 · fundraising $85,777

  • 9 · Other employee benefits

    total $10,584 · program services $10,584

  • 10 · Payroll taxes

    total $66,537 · program services $38,140 · management and general $17,571 · fundraising $10,826

  • 11a · Fees: management

    total $75,071 · program services $62,841 · management and general $6,115 · fundraising $6,115

  • 11b · Fees: legal

    total $21,401 · program services $4,355 · management and general $6,220 · fundraising $10,826

  • 11c · Fees: accounting

    total $19,577 · program services $6,852 · management and general $9,788 · fundraising $2,937

  • 11g · Fees: other

    total $6,984 · program services $3,492 · management and general $2,095 · fundraising $1,397

  • 12 · Advertising and promotion

    total $413,129 · program services $357,381 · management and general $27,874 · fundraising $27,874

  • 13 · Office expenses

    total $71,538 · program services $31,688 · management and general $23,437 · fundraising $16,413

  • 14 · Information technology

    total $157,016 · program services $87,833 · management and general $34,747 · fundraising $34,436

  • 16 · Occupancy

    total $71,928 · program services $42,279 · management and general $11,489 · fundraising $18,160

  • 17 · Travel

    total $134,158 · program services $120,742 · management and general $6,708 · fundraising $6,708

  • 19 · Conferences, conventions and meetings

    total $1,150,029 · program services $771,109 · management and general $43,833 · fundraising $335,087

  • 20 · Interest

    total $38,355 · program services $21,985 · management and general $10,129 · fundraising $6,241

  • 22 · Depreciation, depletion and amortization

    total $41,598 · program services $23,844 · management and general $10,985 · fundraising $6,769

  • 23 · Insurance

    total $18,483 · program services $9,241 · management and general $4,621 · fundraising $4,621

  • 24a · Other expenses: Bank charges

    total $27,992 · program services $5,678 · fundraising $22,314

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $330,068 · end of year $235,981

  • 2 · Savings and temporary cash investments

    beginning of year $384,803 · end of year $71,159

  • 3 · Pledges and grants receivable

    beginning of year $15,000 · end of year $15,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,848 · end of year $7,571

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

    $1,064,741

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

    $286,888

  • 10c · Land, buildings and equipment, net

    beginning of year $798,567 · end of year $777,853

  • 11 · Investments: publicly traded securities

    beginning of year $2,190,979 · end of year $1,463,399

  • 12 · Investments: other securities

    beginning of year $1,645,122 · end of year $1,356,783

  • 13 · Investments: program-related

    beginning of year $23,449 · end of year $256,453

  • 15 · Other assets

    beginning of year $2,830 · end of year $2,830

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,551 · end of year $177,393

  • 18 · Grants payable

    beginning of year $25,000

  • 23 · Secured mortgages and notes payable

    beginning of year $644,761 · end of year $370,572

  • 25 · Other liabilities

    beginning of year $32,272 · end of year $30,425

  • 27 · Net assets without donor restrictions

    beginning of year $4,254,744 · end of year $3,087,214

  • 28 · Net assets with donor restrictions

    beginning of year $387,338 · end of year $521,425

Mission and programs · 2024

Mission

The foundation provides donors with assistance in philantropy, and provides funding and advocacy for ministries and other charities. See also Capstone Legacy Foundation Storehouse and Capstone Legacy Foundation Charitable Trust I

Activities or mission (Part I)

The foundation provides donors with assistance in philandthropy and provides service and advocacy for ministries and other non profits

  • Donor services provided primarily through donor advised funds with grants to non-profit charitable organizations operated for Christian charitable religious and educational purposes. Revenue shown here is classified as contributions and investment income in Part I and Part VIII of form 990.

    Expenses $1,316,936 · Grants $1,260,943 · Revenue $827,365

  • Socrates in the City, a fiscal sponsorship project, holds various live broadcast events in various locations nationally and internationally, hosting conversations on life, God and other topics with notable thinkers in a dialogue format before live audiences. The events are educational, and are designed to create a forum that encourages busy professionals and others in thinking about the bigger questions in life. In addition, the conversations are printed for distribution and available through various media platforms. Revenue shown here is classified as contributions in part I and VIII of form 990.

    Expenses $1,386,195 · Revenue $1,689,819

  • American Pastors Network and state chapters are a fiscal sponsorship project. They educate and foster support for spiritual and cultural issues in the forefront of pastoral ministries nationally reaching audiences through radio and TV broadcasts. Revenue shown here is classified as contributions in Part I and Part VIII of form 990.

    Expenses $411,286 · Grants $23,953 · Revenue $397,977

  • All other fiscal sponsorship activity during 2024

    Expenses $308,616

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • NANCY H HANSEN

    Chairperson and CEO

    Total calculated
    $111,500
    From this org
    $111,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    30 + 2 related

  • THOMAS W KEYSER

    Chief Financial Off

    Total calculated
    $79,105
    From this org
    $79,105
    From related orgs
    $0
    Other
    $0
    Hours/week
    34 + 2 related

  • MERRILL R STEINER

    Secretary and Gen Coun

    Total calculated
    $58,563
    From this org
    $58,563
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 2 related

  • ROBERT CLAIBORNE

    Director

    Total calculated
    $25,500
    From this org
    $25,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • MARY ANNE HATCH

    DirectorExec VP

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • GEORGE MESCHTER

    Director

    Total calculated
    $0
    Hours/week
    2

  • BEN MYERS

    Director

    Total calculated
    $0
    Hours/week
    2

  • LANCE WALLNAU

    Director

    Total calculated
    $0
    Hours/week
    2

  • JEREMY STORY

    Director

    Total calculated
    $0
    Hours/week
    2

  • TINA GRIFFIN

    Director

    Total calculated
    $0
    Hours/week
    2

  • TERRY DAVIS

    Director

    Total calculated
    $0
    Hours/week
    2

  • DOUG STRINGER

    Director

    Total calculated
    $0
    Hours/week
    2

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

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

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.

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.

  • American Pastors Network

    Educational ministry to clery and others · DE · income $397,977 · assets $57,301

    Directly controlled by Capstone Legacy Fdn

  • North Carolina Pastors Network

    Educational ministry to clery and others · DE

    Directly controlled by Capstone Legacy Fdn

  • Pennsylvania Pastors Network

    Educational ministry to clergy and others · DE

    Directly controlled by Capstone Legacy Fdn

  • Arkansas Pastors Network

    Educational ministry to clergy and others · DE

  • Tennessee Pastors Network

    Educational ministry to clergy and others · DE · assets $1,941

    Directly controlled by Capstone Legacy Fdn

  • Kentucky Pastors Network

    Educational ministry to clergy and others

  • Michigan Pastors Network

    Educational ministry to clergy and others · DE

  • Missouri Pastors Network

    Educational ministry to clergy and others

  • Virginia Pastors Network

    Educational ministry for clergy and others

  • West Virginia Pastors Network

    Educational ministry to clergy and others · DE

  • South Carolina Pastors Network

    Educational ministry to clergy and others · DE

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513189349313136

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