Overview
What is The Legacy Foundation At Shell Point Inc?
The Legacy Foundation at Shell Point Inc, located in Fort Myers, Florida, serves to enhance the programs and services provided by the Christian and Missionary Alliance Foundation, Inc., also known as Shell Point Retirement Community. This nonprofit organization, with a team of seven employees, dedicates its efforts to supporting this retirement community. The Legacy Foundation plays a crucial role in bolstering the initiatives and activities under the Christian and Missionary Alliance Foundation, ensuring their continued growth and success.
Official website here: www.legacyshellpoint.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%
The Legacy Foundation At Shell Point Inc has received a Four-Star out of Four Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. This score is particularly significant as it indicates the organization's commitment to transparency and responsible management of its resources. The high accountability score of 91 demonstrates that the foundation is effectively monitored and adheres to best practices in financial stewardship.
Strengths of the organization include a completely independent board, which scored a perfect 10 out of 10, and a robust program expense ratio of 96.37%, indicating that most of its funds are directed toward its programs rather than administrative costs. Additionally, the foundation has shown no material diversion of assets and maintains solid financial oversight with a well-structured audit and oversight committee. The fundraising efficiency is also notable, with a cost of just $0.03 to raise each dollar.
However, one area for improvement is the size of the independent board, which scored 0 out of 10, suggesting there may be limitations in board diversity or representation. Despite this, the organization demonstrates strong financial health with a liabilities to assets ratio of 36.72%, indicating a manageable level of liabilities relative to its assets. Overall, The Legacy Foundation At Shell Point Inc appears to be a well-managed nonprofit with a focus on accountability and effective program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is The Legacy Foundation At Shell Point Inc legitimate?
The Legacy Foundation At Shell Point Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Legacy Foundation At Shell Point Inc 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: $218,946
Professional Fundraising Fees: $0
Other Salaries and Wages: $239,637
For more financial information, click here
Official website here: www.legacyshellpoint.org
What is the mission statement of The Legacy Foundation At Shell Point Inc?
The Legacy Foundation at Shell Point Inc is committed to supporting the Christian and Missionary Alliance Foundation, Inc., doing business as Shell Point Retirement Community. Its mission is to enhance the programs and services provided by this foundation. The foundation obtains funding to contribute to the betterment of the initiatives offered by Shell Point Retirement Community. In essence, The Legacy Foundation at Shell Point Inc aims to strengthen and bolster the offerings of the Christian and Missionary Alliance Foundation, thereby benefitting its community.
Official website here: www.legacyshellpoint.org
Who is the CEO of The Legacy Foundation At Shell Point Inc?
L Burke Rainey is the President/Ceo/Asst Secretary of The Legacy Foundation At Shell Point Inc. The CEO's salary of The Legacy Foundation At Shell Point Inc is $0 and their total compensation is $834,235.
Official website here: www.legacyshellpoint.org
What is the revenue of The Legacy Foundation At Shell Point Inc?
The Legacy Foundation At Shell Point Inc's revenue in 2022 was $5,863,574.
Official website here: www.legacyshellpoint.org
Who are the executives of The Legacy Foundation At Shell Point Inc and what are their salaries?
The average compensation at The Legacy Foundation At Shell Point Inc during 2022 was $65,512. There are 7 employees and 5 volunteers at The Legacy Foundation At Shell Point Inc.
Here are 7 key members and their salaries (The Legacy Foundation At Shell Point Inc's CEO's salary is $0 and their total compensation is $834,235):
- Compensation: $0
- Related: $808,848
- Other: $25,387
- Compensation: $0
- Related: $417,863
- Other: $28,604
- Compensation: $218,946
- Related: $0
- Other: $9,503
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.legacyshellpoint.org
Where can I find the form 990 for The Legacy Foundation At Shell Point Inc?
The Legacy Foundation At Shell Point Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.legacyshellpoint.org
Learn more at the official website: www.legacyshellpoint.org
Mission Statement of The Legacy Foundation At Shell Point Inc
The Legacy Foundation at Shell Point Inc is dedicated to serving and supporting the Christian and Missionary Alliance Foundation, Inc., better known as Shell Point Retirement Community. Its mission is to enhance the programs and services provided by this organization, ensuring it continues to thrive and serve its community effectively. By obtaining funding, The Legacy Foundation at Shell Point Inc contributes to the overall well-being and quality of life for those associated with Shell Point Retirement Community.
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Impact
July, 2024
The Legacy Foundation At Shell Point Inc's impact is focused on serving and supporting the Christian and Missionary Alliance Foundation, Inc. d/b/a Shell Point Retirement Community in Fort Myers, FL. Through obtaining funding, the organization enhances the programs and services provided by Shell Point Retirement Community. In doing so, The Legacy Foundation plays a crucial role in furthering the mission of supporting this retirement community and making a positive impact on the lives of its residents.
This information is meant to be a general summary of The Legacy Foundation At Shell Point Inc. 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.
- Program Service Revenue: $283,908
- Gross Receipts: $5,875,842
Assets and Liabilities:
- Total Assets: $5,518,203
- Total Liabilities: $1,285,984
- Net Assets: $4,232,219
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAILY MONEY MANAGEMENT SERVICES
Revenue
$241,768
ESTATE SETTLEMENT SERVICES
Revenue
$14,972
FIDUCIARY SERVICES
Revenue
$27,168
Organization Details
Founding Year
2002
Phone
(239) 466-8484Principal Officer
L Burke Rainey
Main Address
15010 Shell Point Blvd, Fort Myers, FL, 33908
Website
www.legacyshellpoint.orgNTEE Category
Code: T30 - Philanthropy
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