Legacy Living Ministries

Nonprofit profile at a glance

EIN
271592437
IRS 990-EZ coverage
2014–2015
Forms available
Form 990-EZ 2015, Form 990-N 2013
Location
Minneapolis, MN, USA
Phone
6127193551
Rating
40
Verdict
MIXED
Rating confidence
Moderate
Sector
Religion Related N.E.C.
Affiliation
Christianity

Official website

Reported finances

Revenue
$80,929
Expenses
$80,622
Assets
$57,137
Liabilities
$15,581

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • Stephanie Kaihoi (Executive Director and Board Member)

People named in this filing

  • Stephanie Kaihoi (Executive Director and Board Member)
  • Kimberly Reeves (Operations Director)
  • Michelle Law (Executive Support)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Legacy Living Ministries is committed to training women of all ages how to engage in an active love relationship with God, apply His Word and disciple like Jesus.

What it reported doing in 2015

2015 Mentoring With No Regrets Conference provided over 165 women of all ages training on how to grow in their relationship with God even during times of trial and suffering. Women were also provided extensive training on Jesus' life and how He trained His disciples to make other disciples. They were also provided biblical and practical resources useful for their discipleship relationships. This conference was facilitated in Chesterton, IN.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 4
  • Transparency & Controls: 82
  • Sustainability: 36
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 3.7%; rating input score 4
  • Program expense ratio: 3.7%; rating input score 4

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 0.4%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.71; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.27; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 33.9%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: -150.6% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: 12% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 9.3% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 3.7% of revenue deployed · 3.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $3K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2014 to 2015
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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 — Financial Efficiency: Mission deployment rate scored 4/100.
  • High — Financial Efficiency: Program expense ratio scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.