Overview
What is Legacy Ministries?
Legacy Ministries is a nonprofit organization situated in Dadeville, Alabama. Their main objective is to aid believers in experiencing and collaborating with the transformative influence of Christ within them. By doing so, they aspire to foster intimacy with God, engage their community, strengthen the church, and lead a spirit-guided life that influences future generations. Legacy Ministries achieves this goal through various programs, including a fifteen-week semester in the spring and a nine-week semester in the summer. During these periods, students reside on-campus, benefiting from housing, meals, classroom time, personal mentoring, biblical teaching, and special events. The organization values both spiritual development and practical life applications, maintaining a personal and communal atmosphere. Year-round, Legacy hosts diverse events such as retreats, alumni gatherings, and worship nights. With a team of 12 employees, Legacy Ministries is committed to impacting eternity together.
Official website here: www.legacyencounter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Legacy Ministries holds a solid Three-Star rating, reflecting a commendable accountability and finance score of 76%. This score is based primarily on key financial metrics, which indicate a high level of transparency and responsible management. The organization boasts a fully independent board and has shown no material diversion of assets, which suggests a strong commitment to ethical governance.
The financial health of Legacy Ministries is highlighted by a low liabilities to assets ratio of 1.62% and an impressive program expense ratio of 93.62%. This means that the majority of its resources are directed toward its mission, which is a positive indicator for potential donors. Furthermore, the inclusion of board meeting minutes on its website demonstrates a degree of transparency.
However, there are notable weaknesses in Legacy Ministries' governance policies, particularly the absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy. These gaps may raise concerns regarding the organization’s internal controls and overall accountability framework. Addressing these issues could further enhance their standing in nonprofit evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Legacy Ministries legitimate?
Legacy Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Ministries submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $62,530
Professional Fundraising Fees: $0
Other Salaries and Wages: $115,043
For more financial information, click here
Official website here: www.legacyencounter.org
What is the mission statement of Legacy Ministries?
Legacy Ministries exists with the mission to assist believers in experiencing, understanding, and collaborating with the transformative reality of Christ within them. This empowers them to cultivate intimacy with God, engage their community, strengthen the church, and lead a spirit-inspired life that influences generations to come, ultimately impacting eternity together. The ministry provides semesters of training, offering spiritual development and practical life applications, with a balance between personal and communal growth. During these semesters, students live on-campus, receiving mentoring, daily biblical teachings, and special events. Legacy Ministries values both spiritual development and the practical aspects of life, aiming to prepare believers for their journey.
Official website here: www.legacyencounter.org
Who is the CEO of Legacy Ministries?
Francois Fineberg is the Board Member of Legacy Ministries.
Official website here: www.legacyencounter.org
What is the revenue of Legacy Ministries?
Legacy Ministries's revenue in 2022 was $759,639.
Official website here: www.legacyencounter.org
Who are the executives of Legacy Ministries and what are their salaries?
The average compensation at Legacy Ministries during 2022 was $14,798. There are 12 employees at Legacy Ministries.
Here are 10 key members and their salaries:
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Official website here: www.legacyencounter.org
Where can I find the form 990 for Legacy Ministries?
Legacy Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.legacyencounter.org
Learn more at the official website: www.legacyencounter.org
Mission Statement of Legacy Ministries
Legacy Ministries exists with a mission to aid believers in experiencing, understanding, and partnering with the transformative reality of Christ within them. This mission aims to facilitate an intimate relationship with God, encourage engagement with their community, contribute to the strengthening of the church, and inspire a spirit-empowered life that influences generations to come. The ultimate objective is to impact eternity together.
In essence, Legacy Ministries seeks to provide a conducive environment for believers to embark on a transformative journey. Through its programs, it offers personal mentoring, daily biblical teachings, and special events such as worship nights or retreats, fostering spiritual development while also integrating practical life applications. The ministry is characterized by a balance between the spiritual and the practical, and it is both personal and communal in nature. During its semesters, Legacy Ministries offers housing, meals, and classroom time for its students, providing them with over a thousand hours of training in practical, class, small group, prayer, and fun activities. Year-round, Legacy Ministries hosts a variety of events, including fall retreats, alumni gatherings, and worship nights, further enriching the spiritual and communal experiences of its participants.
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Impact
July, 2024
Legacy Ministries's impact is profound, as it helps believers experience, understand, and partner with the transformative reality of Christ in them. This enables individuals to enjoy intimacy with God, engage their community, build up the church, and live a spirit-empowered life that influences generations to come. By offering semesters with personalized mentoring, Biblical teaching, and special events, Legacy Ministries equips individuals with over 1000 hours of training in both spiritual development and practical life applications. Through events like retreats, alumni gatherings, and worship nights, Legacy Ministries fosters a strong sense of community and support for believers in Dadeville, AL.
This information is meant to be a general summary of Legacy Ministries. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,020
- Program Service Revenue: $95,114
- Gross Receipts: $759,639
Assets and Liabilities:
- Total Assets: $2,740,710
- Total Liabilities: $35,372
- Net Assets: $2,705,338
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SEMESTER TUITION
Revenue
$78,606
RETREAT
Revenue
$16,508
Organization Details
Founding Year
2005
Phone
(205) 790-3227Principal Officer
Francois Fineberg
Main Address
664 STILL WOODS DRIVE, DADEVILLE, AL, 36853
Website
www.legacyencounter.orgNTEE Category
Code: X21 - Religion related
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