Legacy Foundation For Christ
- Assets
- $15.6m
- Revenue
- $860.5k
- Investments
- $0.0
- Employees
- 13
- Location
- Glendale, AZ
- Founding
- Data as of
- 06/2017
- EIN
- 86-0695292
Organization Overview
Legacy Foundation For Christ is located in Glendale, AZ. As of 06/2015, Legacy Foundation For Christ employed 13 individuals. Legacy Foundation For Christ 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 06/2017, Legacy Foundation For Christ generated $860.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $783.8k during the year ending 06/2017. As we would expect to see with falling revenues, expenses have declined by (17.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
LEGACY FOUNDATION FOR CHRIST IS A SUPPORTING ORGANIZATION TO COMMUNITY CHURCH OF JOY, JOY CHRISTIAN SCHOOL AND ARROWHEAD MEMORIAL GARDENS AT JOY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO COMMUNITY CHURCH OF JOY, JOY CHRISTIAN SCHOOL, ARROWHEAD MEMORIAL GARDENS AT JOY, AND THE MISSION OUTREACH OF THE CHURCH THROUGH THE MANAGEMENT OF FACILITIES AND ADMINISTRATIVE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Kallestad Manager | Officer | 40 | $78,000 |
Brian Mueller Chairman | OfficerTrustee | 2 | $0 |
Walther Kallestad President | OfficerTrustee | 2 | $0 |
David Tomb CFO | Officer | 5 | $0 |
Lane Franks Director | Trustee | 2 | $0 |
Howard Weiner Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $860,458 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $357,958 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $297,799 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $783,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $673,304 |
| Total assets | $15,554,561 |
| Accounts payable and accrued expenses | $14,812 |
| 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 | $7,965,716 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,980,528 |
| Net assets without donor restrictions | $7,438,561 |
| Net assets with donor restrictions | $135,472 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $7,574,033 |
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