ACTS LEGACY FOUNDATION INC

EIN: 912161987 501(c)(3) Philanthropy & Grantmaking

FORT WASHINGTON, PA

Total Revenue
$5,178,233
Total Expenses
$8,518,125
Total Assets
$27,503,590
Net Assets
$23,912,196
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
DE
Phone
2156618330
Tax Period
2023-01-01 to 2023-12-31

ACTS LEGACY FOUNDATION INC, founded in 2000, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.2M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $8.5M exceeded revenue, resulting in a 64% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $4,825,625 Revenue: $39,415

MISSION DEVELOPMENT SUPPORTS PHYSICAL EXPANSIONS AND IMPROVEMENTS TO THE ACTS COMMUNITIES WHICH DIRECTLY BENEFIT THE LIVES OF ACTS RESIDENTS. CHARITABLE DONATIONS IN THE AMOUNT OF $4,825,625 WERE...

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MISSION DEVELOPMENT SUPPORTS PHYSICAL EXPANSIONS AND IMPROVEMENTS TO THE ACTS COMMUNITIES WHICH DIRECTLY BENEFIT THE LIVES OF ACTS RESIDENTS. CHARITABLE DONATIONS IN THE AMOUNT OF $4,825,625 WERE RELEASED FOR MISSION DEVELOPMENT PROJECTS. CHARITABLE DONATIONS FOR THESE PURPOSES WERE $635,683. UNRESTRICTED GIFTS SUPPORT THE ACTS COMMUNITIES IN MANY WAYS INCLUDING CAPITAL PROJECTS, CAPITAL EQUIPMENT AND OPERATIONS. UNRESTRICTED CHARITABLE DONATIONS WERE $152,631.

Program 2
Expenses: $1,678,769 Revenue: $115,861

ACTS LEGACY FOUNDATION, INC. SUSTAINED THE SAMARITAN FUNDS OF ACTS AND ACTS AFFILIATES WHICH ARE PART OF THE FAMILY OF CHARITABLE FUNDS. THESE FUNDS ASSURE FINANCIAL SECURITY FOR LIFECARE RESIDENTS...

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ACTS LEGACY FOUNDATION, INC. SUSTAINED THE SAMARITAN FUNDS OF ACTS AND ACTS AFFILIATES WHICH ARE PART OF THE FAMILY OF CHARITABLE FUNDS. THESE FUNDS ASSURE FINANCIAL SECURITY FOR LIFECARE RESIDENTS. ACTS LEGACY FOUNDATION, INC. APPROVED AND ADMINISTERED FINANCIAL SUPPORT OF $1,678,769 FOR ASSISTANCE TOWARDS MONTHLY MAINTENANCE FEES FOR 74 RESIDENTS. CHARITABLE DONATIONS FOR THIS PURPOSE WERE $1,079,097 AND PROCEEDS FROM BENEFITS AND EVENTS WERE $468,276.

Program 3
Expenses: $1,577,080 Revenue: $94,337

SUPPORTING THE OPERATIONAL NEEDS OF THE ACTS COMMUNITIES THROUGH CHARITABLE GIVING PROVIDES DONORS WITH AN OPPORTUNITY TO SUPPORT THE PLANNED PROJECTS AND PROGRAMS THAT HELP TO MEET THE RESIDENTS'...

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SUPPORTING THE OPERATIONAL NEEDS OF THE ACTS COMMUNITIES THROUGH CHARITABLE GIVING PROVIDES DONORS WITH AN OPPORTUNITY TO SUPPORT THE PLANNED PROJECTS AND PROGRAMS THAT HELP TO MEET THE RESIDENTS' SOCIAL, PERSONAL, HEALTH AND SPIRITUAL NEEDS IN A CULTURE OF LOVING KINDNESS. CHARITABLE GIVING ALSO ENRICHES THE WORK ENVIRONMENT, GIVING EMPLOYEES ADDITIONAL PROFESSIONAL DEVELOPMENT AND TRAINING OPPORTUNITIES. CHARITABLE DONATIONS IN THE AMOUNT OF $1,577,080 WERE RELEASED FOR PROGRAM SUPPORT AND FACILITY ENHANCEMENTS, POSITIVELY IMPACTING THE LIVES OF OVER 10,400 RESIDENTS. CHARITABLE DONATIONS FOR THESE PURPOSES WERE $1,887,244.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,535,752
Program Service Revenue $263,451
Investment Income $415,081
Other Revenue $-36,051
TOTAL REVENUE $5,178,233

Expense Breakdown

Grants Paid $8,254,674
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,254,674
Other Expenses $263,451
TOTAL EXPENSES $8,518,125

Year-over-Year Comparison

2023 2022 Change
Revenue $5,178,233 $4,010,794 +0.3%
Expenses $8,518,125 $4,203,074 +1.0%
Net Income $-3,339,892 $-192,280 +16.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
8
Employees
N/A
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$4,357,016
Total Directors
11
$2,529,891
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR & SECRETARY 0.4
Officer Director
$0 $0 $0
N/A CEO & Director 1.5
Officer Director
$0 $886,658 $1,688,638
N/A PRESIDENT & DIRECTOR 1.5
Officer Director
$0 $251,459 $841,253
N/A DIRECTOR & CHAIRMAN 1.5
Officer Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.4
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR (until June 2023) 1.0
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A ASSISTANT SECRETARY 1.0
Officer
$0 $514,121 $994,824
N/A ASSISTANT TREASURER 1.0
Officer
$0 $20,738 $255,812
N/A MANAGING DIRECTOR & ASST SEC'Y 41.0
Officer
$0 $19,041 $214,610
N/A TREASURER 1.0
Officer
$0 $31,720 $361,879
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $5,178,233 $8,518,125 $27,503,590 $-3,339,892
2022 $4,010,794 $4,203,074 $36,736,207 $-192,280
2021 $5,122,122 $3,634,935 $40,568,227 $1,487,187
2020 $3,717,719 $2,808,330 $36,310,457 $909,389
2019 $7,884,781 $4,207,724 $33,299,011 $3,677,057
2018 $6,294,745 $3,005,192 $27,865,735 $3,289,553
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