Acts Legacy Foundation Inc

Nonprofit profile at a glance

EIN
912161987
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Fort Washington, PA, USA
Phone
2156618330
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$4,865,404
Expenses
$3,891,459
Assets
$32,815,933
Liabilities
$3,954,813

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • GERALD T GRANT (CEO & DIRECTOR)
  • KAREN I CHRISTIANSEN (PRESIDENT & DIRECTOR)

Highest reported compensation

  • GERALD T GRANT (CEO & DIRECTOR): $1,795,839 total reported compensation
  • GLENN D FOX (ASSISTANT SECRETARY): $993,306 total reported compensation
  • KAREN I CHRISTIANSEN (PRESIDENT & DIRECTOR): $914,642 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Acts legacy foundation, inc. ("alf") was established to manage, encourage and increase the philanthropic efforts of acts retirement-life communities, inc. ("acts") and its affiliates. Alf will help to identify, initiate, expand and formalize the charitable programs and funds of acts. Management and the board of directors of alf oversee stewardship of donated funds and disburse them in accordance with donor wishes.

What it reported doing in 2024

The family of charitable funds support programs that benefit the residents and employees of the acts communities. These include the memory services support program, which enriches the lives of residents living with dementia related illnesses, the rev. George r. Gunn, jr. Disciple program, which provides financial security for lifecare residents who are retired clergy of all faiths, the hospice program, which supports residents and families with end-of-life care, and programs which provide employees with educational opportunities and financial support for catastrophic life events. Acts legacy foundation, inc. Approved and administered the release of $362,967 in restricted use donor funds to support these programs. Charitable donations for these purposes were $352,494.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 68
  • Accountability: 90
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.4%; rating input score 77
  • Program expense ratio: 92.9%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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: 81.8%; rating input score 82; 15th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 20%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 8.43; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 45.5%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 13% per year; rating input score 100; 73rd percentile among comparable filings
  • Revenue growth: 11.5% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 10.5% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 77.4% of revenue deployed · 92.9% of spending went to programs
  • Governance: 9 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $3.6M in reported program spending
  • Leadership: top reported pay $1.8M · 15 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 17 of 17 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 12 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 10 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.