Limestone Legacy Foundation

Nonprofit profile at a glance

EIN
611792406
IRS 990-EZ coverage
2021–2025
Forms available
Form 990-EZ 2025, Form 990-N 2017
Location
Manistique, MI, USA
Rating
51
Verdict
MIXED
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$4,809
Expenses
$1,133
Assets
$66,434

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

Leadership & pay

5 people listed

People named in this filing

  • Jennifer Watson (Chairperson)
  • Alyssa Swanson (Secretary)
  • Alan Barr (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

Organized exclusively for charitable and educational purposes as described in Section 501c3 of the Internal Revenue Code IRC. Its purposes include promoting community education youth development entrepreneurial skills and social welfare; making grants to individuals and organizations exclusively for charitable purposes.

What it reported doing in 2025

Learn it. Plan it. Pitch it. LiPiPi is an entrepreneurial initiative program engaging middle and high school students in a series of workshops that guide them through creating a product or service developing a business plan and pitching their ideas to a panel of judges made up of community leaders and business owners. This program cultivates real-world skills in leadership marketing business planning and public speaking.

Operating model

Revenue model
Donor-supported. 69% 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 comfortably covers expenses. 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: 26
  • Transparency & Controls: 82
  • Sustainability: 81
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 16.7%; rating input score 17
  • Program expense ratio: 41.9%; rating input score 42

Transparency & Controls

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

Sustainability

  • Operating margin: 76.4%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 58.64; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -77.6% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -71% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 16.7% of revenue deployed · 41.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $475 in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • 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 17/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 42/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.