Lmc Legacy Foundation
- Assets
- $8.5m
- Revenue
- $838.0k
- Investments
- $397.6k
- Employees
- 0
- Location
- Lancaster, PA
- Founding
- 03/2017
- Data as of
- 06/2022
- EIN
- 81-3742183
Organization Overview
Lmc Legacy Foundation is located in Lancaster, PA. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lmc Legacy Foundation 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 06/2022, Lmc Legacy Foundation generated $838.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (30.3%) each year. All expenses for the organization totaled $236.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lmc Legacy Foundation has awarded 16 individual grants totaling $700,138. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FOUNDATION IS TO ASSIST LANCASTER MENNONITE CONFERENCE TO CONTINUE ITS VISION OF "FINDING A BETTER WAY" TO PROMOTE HOPE, HEALING AND WHOLENESS THROUGH INTEGRATIVE BEHAVIORAL HEALTHCARE RESOURCES THAT NURTURE MENTAL HEALTH, RESILIENCE AND INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST LANCASTER MENNONITE CONFERENCE TO CONTINUE ITS VISION OF "FINDING A BETTER WAY" TO PROMOTE HOPE, HEALING AND WHOLENESS THROUGH INTEGRATIVE BEHAVIORAL HEALTHCARE RESOURCES THAT NURTURE MENTAL HEALTH, RESILIENCE AND INNOVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Hess Vice Chair | OfficerTrustee | 3 | $0 |
Jim Herr Treasurer | OfficerTrustee | 3 | $0 |
Janet Stauffer Chair | OfficerTrustee | 3 | $0 |
Danwe N'dikwe Director | Trustee | 3 | $0 |
L Keith Weaver Director | Trustee | 3 | $0 |
Trevor S Bare Director | Trustee | 3 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $351,558 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $474,486 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $838,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $188,304 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,482 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,339 |
| Fees for services: Other | $1,140 |
| Advertising and promotion | $3,484 |
| Office expenses | $0 |
| Information technology | $1,240 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,495 |
| All other expenses | $100 |
| Total functional expenses | $236,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,287 |
| Savings and temporary cash investments | $49,082 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,050,056 |
| Investments—other securities | $397,626 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,509,051 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $8,509,051 |
| Net assets with donor restrictions | $0 |
| 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 | $8,509,051 |
Grants Awarded
Over the last fiscal year, Lmc Legacy Foundation has awarded $188,304 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Lancaster, PA PURPOSE: COMMUNITY PROJECT | $75,000 |
Bethlehem, PA PURPOSE: SAFE COMMUNITIES | $55,000 |
Hatboro, PA PURPOSE: TRAUMA TRAINING | $30,000 |
Exton, PA PURPOSE: COMMITMENT TO ACTION | $28,304 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lmc Legacy Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Eden Bridge Foundation Lancaster, PA PURPOSE: DONATION TO MINISTRY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Cincinnati Foundation Cincinnati, OH | $616,325,698 | $119,970,948 |
Johnson Charitable Gift Fund Cincinnati, OH | $240,192,248 | $106,272,377 |
Young Mens Christian Association Of Greater Cincinnati Cincinnati, OH | $89,901,831 | $29,563,808 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Independent Charitable Gift Fund Hudson, OH | $203,452,465 | $150,370,213 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |