Legatus is located in Ann Arbor, MI. The organization was established in 1989. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Legatus 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 12/2023, Legatus generated $55.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $58.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO STUDY, LIVE AND SPREAD THE CATHOLIC FAITH IN OUR BUSINESS, PROFESSIONAL AND PERSONAL LIVES. LOCAL CHAPTER OF LEGATUS HOLDS MONTHLY MEETINGS WHERE INDIVIDUALS SPEAK ON DEVELOPING ETHICAL PRACTICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gary Hediger President | 4 | $0 | |
Craig Hudak Vice President | 4 | $0 | |
Mark Davis Treasurer | 4 | $0 | |
Mary Dudley Program Chair | 4 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $1,532 |
Total Program Service Revenue | $0 |
Membership dues | $53,524 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $55,056 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $15,637 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $433 |
Other expenses | $42,509 |
Total expenses | $58,579 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $47,547 |
Other assets | $0 |
Total assets | $47,547 |
Total liabilities | $0 |
Net assets or fund balances | $47,547 |