Monument Legacy Inc
- Assets
- $4.0m
- Revenue
- $508.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, IN
- Founding
- Data as of
- 12/2021
- EIN
- 84-4708521
Organization Overview
Monument Legacy Inc is located in Carmel, IN. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monument Legacy 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, Monument Legacy Inc generated $508.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (64.3%) each year. All expenses for the organization totaled $562.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Monument Legacy Inc has awarded 27 individual grants totaling $553,661. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PRINCIPALLY EXISTS TO (A) PROVIDE DONORS WITH A METHOD TO SUPPORT THE CAUSES, CHARITIES, AND OTHER PERMISSABLE TAX EXEMPT ACTIVITIES OF THEIR CHOICE THROUGH UNIQUE AND ATYPICAL DONATIONS THAT REQUIRE ADDITIONAL SUPPORT FROM THE ORGANIZATION TO EFFECTUATE; (B) HELP DONORS CONNECT AND GET INVOLVED WITH THE CHARITIES TO WHICH THEY DONATE; AND (C) PROVIDE DONORS WITH A SIMPLE, EFFECTIVE, AND WAY TO MAKE DONATIONS IN ORDER TO INCREASE DONATIONS BEING MADE AROUND THE COUNTRY; (D) PURSUE ANY OTHER PURPOSE PERMITTED TO BE PURSUED BY A CHARITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VARIOUS FUNDS WERE ESTABLISHED BY THE DONOR FOR THE EXCLUSIVE PURPOSE OF PROVIDING CONTRIBUTIONS AND GRANTS TO PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Mohlman Executive Director | OfficerTrustee | 20 | $0 |
Daniel Starr Director | Trustee | 2 | $0 |
Chris Baron Director | Trustee | 2 | $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 | $50 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50 |
| Total Program Service Revenue | $16,725 |
| Investment income | $110,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $381,138 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $508,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $527,641 |
| 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 | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,864 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $562,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,977 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,997,925 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,006,902 |
| 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 | $0 |
| 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 | $4,006,902 |
| Total liabilities and net assets/fund balances | $4,006,902 |
Grants Awarded
Over the last fiscal year, Monument Legacy Inc has awarded $462,161 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Coldwater, MI PURPOSE: GENERAL USE | $64,501 |
Fort Wayne, IN PURPOSE: GENERAL USE | $50,000 |
Chicago, IL PURPOSE: GENERAL USE | $50,000 |
Lindale, TX PURPOSE: GENERAL USE | $50,000 |
San Diego, CA PURPOSE: GENERAL USE | $34,654 |
Fort Wayne, IN PURPOSE: GENERAL USE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Youth Arts Center Inc Milwaukee, WI | $19,493,020 | $1,487,635 |
United Performing Arts Fund Inc Milwaukee, WI | $14,391,026 | $9,375,574 |
Fund For The Arts Inc Louisville, KY | $9,833,007 | $6,108,558 |
Richard J Stern Foundation For The Arts Kansas City, MO | $50,258,336 | $4,476,999 |
Robert Allerton Trust Under Will Dated April 15 1964 Chicago, IL | $38,402,099 | $3,836,329 |
Ros Foundation Greenfield, WI | $30,196,896 | $3,469,836 |
Lithuanian Foundation Lemont, IL | $53,188,345 | $6,129,593 |
David C & Sarajean Ruttenberg Arts Foundation Chicago, IL | $0 | $66,826 |
Richard & Ellen Sandor Art Foundation Chicago, IL | $0 | $3,100 |
Community Capital Fund Kansas City, MO | $1,497,991 | $1,400,960 |
Milwaukee Youth Arts Center Foundation Inc Milwaukee, WI | $10,317,722 | $10,905,403 |
Monument Legacy Inc Carmel, IN | $4,006,902 | $508,574 |