Capstone Legacy Foundation Inc
- Assets
- $5.9m
- Revenue
- $2.5m
- Investments
- $1.1m
- Employees
- 18
- Location
- Wayne, PA
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 20-3752969
Organization Overview
Capstone Legacy Foundation Inc is located in Wayne, PA. The organization was established in 2007. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Capstone Legacy Foundation Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capstone Legacy Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Capstone Legacy Foundation Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Capstone Legacy Foundation Inc has awarded 54 individual grants totaling $2,266,215. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES DONORS WITH ASSISTANCE IN PHILANTHROPY, AND TO PROVIDE FUNDING AND ADVOCACY FOR MINISTRIES, CHARITABLE ORGANIZATIONS AND OTHER NON-PROFITS. SEE ALSO CAPSTONE LEGACY FOUNDATION CHARITABLE TRUST I + CAPSTONE LEGACY FOUNDTN STOREHOUSE INC SUPPORTING ENTITIES
Describe the Organization's Program Activity:
DONOR SERVICES PROVIDED PRIMARILY THOUGH DONOR ADVISED FUNDS GRANTS TO NON-PROFIT CHARITABLE ORGANIZATIONS OPERATED FOR CHRISTIAN CHARITABLE RELIGIOUS AND EDUCATIONAL PUPOSES. 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 IN EIGHT STATES WITH INTENT TO REACH NATIONAL AUDIENCES THROUGH RADIO & TV BROADCASTS. REVENUE SHOWN HERE IS CLASSIFIED AS CONTRIBUTIONS IN PART I AND PART VIII
COUNTER CULTURE MOM WAS A NEW PROJECT FOR 2019. IT IS A FISCAL SPONSORSHIP PROJECT. ITS MISSION IS TO EXPOSE HYPOCRISY IN POP CULTURE THAT IS WRECKING HAVOC ON TEENS, TWEENS, AND TODDLERS. THE MISSION INCLUDES EDUCATIONAL MATERIALS AND VENUES TO REVEAL THE CONSEQUENCES OF BEHAVIORS PROMOTED BY POP CULTURE INCLUDING DRUGS, ALCOHOL, CUTTING, IMMODEST DRESSING, VIOLENCE AND SUICIDE. REVENUE SHOWN HERE IS CLASSIFIED AS CONTRIBUTIONS IN PART I AND PART VIII. DURING 2021, THIS PROGRAM WAS TRANSFERRED TO A NEW 501C3 ENTITY OPERATING ON ITS OWN, SEPARATE FROM CAPSTONE LEGACY FOUNDATION, SO CAPSTONE CEASED CONDUCTING THIS PROGRAM.
CAPSTONE SUPPORTED 22 OTHER ACTIVE FISCAL SPONSORSHIP CHARITABLE PROJECTS DURING 2021. THE REVENUE AND EXPENSE OF THESE PROJECTS IS SUMMARIZED ON LINE 4D.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy H Hansen Chairman And CEO | OfficerTrustee | 40 | $110,000 |
Thomas Keyser Chief Financial Officer | Officer | 40 | $95,766 |
Merrill Steiner Secretary Directr In-House | OfficerTrustee | 6 | $82,188 |
Paul Griffin Director | Trustee | 2 | $34,888 |
Robert Claiborne Director | Trustee | 12 | $19,352 |
Sam Rohrer Officer | Officer | 40 | $18,960 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,278,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,278,377 |
| Total Program Service Revenue | $0 |
| Investment income | $15,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $141,997 |
| Net Rental Income | -$1,498 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,749 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,478,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,467,425 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $54,625 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $342,194 |
| Compensation of current officers, directors, key employees. | $133,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $392,497 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,380 |
| Payroll taxes | $59,343 |
| Fees for services: Management | $67,987 |
| Fees for services: Legal | $27,542 |
| Fees for services: Accounting | $15,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $214,428 |
| Office expenses | $45,476 |
| Information technology | $101,944 |
| Royalties | $0 |
| Occupancy | $70,707 |
| Travel | $50,052 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,144 |
| Interest | $28,377 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,793 |
| Insurance | $20,348 |
| All other expenses | $0 |
| Total functional expenses | $3,097,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $895,999 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $77,312 |
| Net Land, buildings, and equipment | $861,907 |
| Investments—publicly traded securities | $2,727,719 |
| Investments—other securities | $1,142,174 |
| Investments—program-related | $238,173 |
| Intangible assets | $0 |
| Other assets | $2,830 |
| Total assets | $5,946,114 |
| Accounts payable and accrued expenses | $38,590 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $678,561 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,730 |
| Total liabilities | $764,881 |
| Net assets without donor restrictions | $4,677,827 |
| Net assets with donor restrictions | $503,406 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,946,114 |
Grants Awarded
Over the last fiscal year, Capstone Legacy Foundation Inc has awarded $1,459,715 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Allentown, PA PURPOSE: To use where most needed | $300,000 |
Harleysville, PA PURPOSE: Where needed most | $200,000 |
Nolensville, TN PURPOSE: where needed most | $111,052 |
Billings, MT PURPOSE: Where needed most | $105,000 |
Bartlesville, OK PURPOSE: where needed most | $100,000 |
Dresher, PA PURPOSE: where needed most | $65,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Capstone Legacy Foundation Inc has recieved totaling $514,290.
| Awarding Organization | Amount |
|---|---|
Sonshine Media Group Allentown, PA | | $471,274 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $17,950 |
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: MINISTRY SUPPORT | $15,061 |
Rhs Foundation Moline, IL PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $4,138,434 |
| Earnings | -$415,568 |
| Net Contributions | $1,817,462 |
| Other Expense | $49,131 |
| Grants | $1,522,050 |
| Ending Balance | $3,969,147 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD | $144,509,312 | $16,050,496 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |