Legado Inc

What it reported doing in 2024

In 2024, legado began a partnership to integrate our thriving futures methodology into planet indonesia's work supporting indigenous peoples in the indonesian province of west kalimantan, located on the island of borneo. Legado's partnership with planet indonesia starts by working with indigenous dayak communities in melawi district, nested in the two million-hectare arabella schwanner landscape, home to borneo's largest remaining orangutan population. Planet indonesia and legado will work together alongside four villages in melawi to secure land rights, reduce poverty, and lead across their holistic priorities towards thriving futures. Our partnership builds on planet indonesia's deep experience and commitment to community-led governance and resource management. Working together, we will create an updated community engagement and planning tool that embeds 360 community-led change into planet indonesia's core model approach. The tool will be used to help local communities articulate their legacies and the priorities they want to pursue for their own thriving futures. The resulting legacy plans will become the backbone for supporting local governance, grant proposals, and partnerships that support indigenous communities to take actions that benefit both themselves and their landscapes.

Financial Efficiency

• Mission deployment rate: 59.4%; rating input score 59
• Program expense ratio: 85.7%; rating input score 86
• Fundraising efficiency: $14.79 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 90%; rating input score 90; 21st percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 30.9%; rating input score 85; 85th percentile among comparable filings
• Total-asset coverage ratio: 1.04; rating input score 38; 38th percentile among comparable filings
• Liabilities to assets ratio: 0.06; rating input score 67; 67th percentile among comparable filings
• Officer compensation ratio: 35%; rating input score 4; 4th percentile among comparable filings

Growth

• Program expense growth: 24.5% per year; rating input score 100; 89th percentile among comparable filings
• Revenue growth: 29.4% per year; rating input score 100; 94th percentile among comparable filings
• Asset growth: 30.3% per year; rating input score 100; 93rd percentile among comparable filings