LegeNDary Fund

Nonprofit profile at a glance

EIN
990694593
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025
Location
Mandan, ND, USA
Phone
7012208227
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$41,500
Expenses
$24,617
Assets
$23,688
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Perrie Schafer (President)
  • Rich Wardner (Vice President)

People named in this filing

  • Perrie Schafer (President)
  • Rich Wardner (Vice President)
  • Jim Silrum (Treasurer)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Pro-business Educational Organization

What it reported doing in 2025

The LegeNDary Fund was incoporated in 2024, and continues its mission to support the further development of North Dakota through adherence to a pro-business, pro-family, and pro-freedom approach that invites reasonable, collaboratively minded individuals to get engaged.

Operating model

Revenue model
Donor-supported. 100% 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

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 100
  • Sustainability: 68
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 49.4%; rating input score 49
  • Program expense ratio: 83.2%; rating input score 83

Transparency & Controls

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

Sustainability

  • Operating margin: 40.7%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 0.96; rating input score 46; 46th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -102.8% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -60.7% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 110.7% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 49.4% of revenue deployed · 83.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $20K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.