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Nonprofiteer
← CAPSTONE LEGACY FOUNDATION INC

Form 990 for tax year 2022

Filed by CAPSTONE LEGACY FOUNDATION INC.

Totals

Total revenue
$3,255,051
Total expenses
$3,580,773
Contributions and grants received
$2,248,367
Grants paid
$1,385,911
Program service revenue
$0
Investment income
$334,877
Other revenue
$671,807
Total assets, end of year
$5,128,145
Total liabilities, end of year
$791,725
Net assets or fund balances, end of year
$4,336,420
Program services expenses (Part IX)
$2,352,052
Management and general expenses
$911,031
Fundraising expenses
$317,690
Program service expenses (Part III)
$2,166,097

Program services were 65.7% 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

    $2,248,367

  • 3 · Investment income

    total $334,877 · related or exempt $334,877

  • 5 · Royalties

    total $654,652 · related or exempt $654,652

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Educational event

    total $22,336 · related or exempt $22,336

  • 11b · Other revenue: Split int investment

    total -$4,864 · related or exempt -$4,864

  • 11c · Other revenue: Other

    total -$317 · related or exempt -$317

  • 11e · Other revenue, total

    $17,155

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,356,356 · program services $1,356,356

  • 3 · Grants to foreign organizations and individuals

    total $29,555 · program services $29,555

  • 5 · Compensation of officers, directors and key employees

    total $317,471 · program services $179,308 · management and general $88,447 · fundraising $49,716

  • 7 · Other salaries and wages

    total $356,123 · program services $201,138 · management and general $99,216 · fundraising $55,769

  • 9 · Other employee benefits

    total $8,160 · program services $4,609 · management and general $2,274 · fundraising $1,277

  • 10 · Payroll taxes

    total $54,249 · program services $30,640 · management and general $15,116 · fundraising $8,493

  • 11a · Fees: management

    total $111,587 · program services $75,994 · management and general $23,278 · fundraising $12,315

  • 11b · Fees: legal

    total $46,064 · program services $19,960 · management and general $18,932 · fundraising $7,172

  • 11c · Fees: accounting

    total $16,000 · program services $6,933 · management and general $6,576 · fundraising $2,491

  • 12 · Advertising and promotion

    total $281,541 · program services $244,619 · management and general $18,461 · fundraising $18,461

  • 13 · Office expenses

    total $30,960 · program services $20,124 · management and general $7,740 · fundraising $3,096

  • 14 · Information technology

    total $89,340 · program services $34,079 · management and general $21,874 · fundraising $33,387

  • 16 · Occupancy

    total $74,180 · program services $38,052 · management and general $18,222 · fundraising $17,906

  • 17 · Travel

    total $57,809 · program services $52,029 · management and general $2,890 · fundraising $2,890

  • 19 · Conferences, conventions and meetings

    total $71,006 · fundraising $71,006

  • 20 · Interest

    total $36,596 · program services $20,406 · management and general $10,534 · fundraising $5,656

  • 22 · Depreciation, depletion and amortization

    total $39,787 · program services $22,736 · management and general $10,749 · fundraising $6,302

  • 23 · Insurance

    total $20,047 · program services $9,222 · management and general $6,014 · fundraising $4,811

  • 24e · All other expenses

    total $583,942 · program services $6,292 · management and general $560,708 · fundraising $16,942

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $895,999 · end of year $263,865

  • 2 · Savings and temporary cash investments

    end of year $285,996

  • 9 · Prepaid expenses and deferred charges

    beginning of year $77,312 · end of year $73,157

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

    $1,043,127

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

    $221,007

  • 10c · Land, buildings and equipment, net

    beginning of year $861,907 · end of year $822,120

  • 11 · Investments: publicly traded securities

    beginning of year $2,727,719 · end of year $2,397,169

  • 12 · Investments: other securities

    beginning of year $1,142,174 · end of year $1,257,888

  • 13 · Investments: program-related

    beginning of year $238,173 · end of year $25,120

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,590 · end of year $57,077

  • 18 · Grants payable

    end of year $35,730

  • 23 · Secured mortgages and notes payable

    beginning of year $678,561 · end of year $662,122

  • 25 · Other liabilities

    beginning of year $47,730 · end of year $36,796

  • 27 · Net assets without donor restrictions

    beginning of year $4,677,827 · end of year $4,083,169

  • 28 · Net assets with donor restrictions

    beginning of year $503,406 · end of year $253,251

Mission and programs · 2022

Mission

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

Activities or mission (Part I)

The foundation provides donors with assistance in philanthropy and provides funding 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 in Part I and Part VIII. American Pastors Network and state chapters are a fiscal sponsorship project. It educates and fosters support for spiritual and cultural issues in the forefront of pastoral ministries nationally reaching audiences through radio and TV broadcasts. Revenue shown here is

    Expenses $1,333,841 · Grants $1,188,037 · Revenue $1,354,802

  • American Pastors Network and state chapters are a fiscal sponsorship project. It educates and fosters 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.

    Expenses $595,054 · Grants $123,500 · Revenue $592,602

  • Lift Your Gaze Ministries is a fiscal sponsorship project. The work of the project involves visits and other forms of communication with inmates in correctional facilities primarily in Florida. The purpose of the ministry is to teach transformational disciplines. It involves a published book written by the manager of the project.

    Expenses $42,648 · Grants $4,240 · Revenue $38,557

  • Expenses $194,554 · Revenue $220,862

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

Listed in Part VII

  • Nancy H Hansen

    CEO

    Total calculated
    $110,000
    From this org
    $110,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30 + 2 related

  • Thomas W Keyser

    Chief Financial Off

    Total calculated
    $93,565
    From this org
    $93,565
    From related orgs
    $0
    Other
    $0
    Hours/week
    36 + 2 related

  • Merrill R Steiner

    SecretaryGen Counsel

    Total calculated
    $74,780
    From this org
    $74,780
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 2 related

  • Robert Claiborne

    Director

    Total calculated
    $24,750
    From this org
    $24,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • Sam Rohrer

    Officer

    Total calculated
    $38,375
    From this org
    $38,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • George Meschter

    Director

    Total calculated
    $0
    Hours/week
    2

  • Allen Carr Sr

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ben Myers

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mary Anne Hatch

    Director

    Total calculated
    $0
    Hours/week
    6

  • Michael Novak

    Director

    Total calculated
    $0
    Hours/week
    2

  • Edward C McBride

    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 clergy and congregants · DE · income $592,152 · assets $93,848

    Directly controlled by Capstone Legacy Foundatio

  • Tennessee Pastors Network

    Education of clergy and lay people · DE · income $450 · assets $3,219

  • Pennsylvania Pastors Network

    Eduation of clergy and lay people

    Directly controlled by Capstone Legacy Foundatio

  • Kentucky Pastors Network

    Education of clergy and lay people · DE

  • Missouri Pastors Network

    Education of clergy and lay people · DE

  • Michigan Pastors Network

    Education of clergy and lay people · DE

  • Virginia Pastors Network

    Education of clergy and lay people · DE

  • North Carolina Pastors Network

    Education of clergy and lay people · DE

  • West Virginia Pastors Network

    Education of clergy and lay people · DE

  • Arkansas Pastors Network

    Education of clergy and lay people · DE

  • Georgia Pastors Network

    Education of clergy and laypeople · DE

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202303139349301520

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