To develop and promote business ethics and support an intimate union between faith and life.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $479K a year · 7% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $9.1M in investments, Pt X · Ln 11–13
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $128K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$7.9M
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.3M
+12% vs prior year
Spent
$7.1M
To programs
68%
Net assets
$3.5M
By yearFY2021–FY2024
Revenue
$7.3M
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2021$5.9M
FY2022$6.6M
FY2023$6.5M
FY2024$7.3M
Expenses
$7.1M
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2021$5.5M
FY2022$5.5M
FY2023$6.3M
FY2024$7.1M
Net assets
$3.5M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.9M
FY2022$2.6M
FY2023$3.2M
FY2024$3.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $4.8M Management & general 32% · $2.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
$286,021Pt VII · Sec A
$165,662Pt VII · Sec A
Reg V/P Southeast Region
$138,081Pt VII · Sec A
$134,359Pt VII · Sec A
Regional V/P Central Regio
$121,029Pt VII · Sec A
Account Mgr
$117,251Pt VII · Sec A
Regional V/P Northeast Reg
$101,463Pt VII · Sec A
Director
$0Pt VII · Sec A

Stephen Henley’s $286K as President is at the 96th percentile of top reported officer pay among 1636 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Stephen Henley$286,021$248,862$272,413$211,102
Paul Rzepka$165,662$159,017$150,973$141,356
Amy Dillon$138,081$122,706$140,409$155,395
Laura Sacha$134,359$140,439$134,251$116,930
Nathaniel Wine——$127,145$107,538
Kenneth Darnell$121,029$119,593$125,823$110,372
Joseph Giacalone$117,251$119,071——
Steven Ingram$101,463$100,844——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes business ethics and integrates faith into daily life.

Questions for Legatus

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Provided by the organization

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2 programs · $4.8M · in their own filed words · FY2024
01

Chapter Support

Legatus is made up of numerous local chapters. The national office provides staff support, resources, a magazine and assistance with membership.

$2.4Mprogram expense
02

Conferences

Legatus sponsors conferences and pilgrimages for its members and others. These activities focus on spiritual growth and ethics.

$2.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$7.3M
Ln 12
Gifts and grantsLn 1h$4.6M
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$328K
Money outPt IX
$7.1M
Ln 25
Programscol B$4.8M
Managementcol C$2.3M
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$11.4M
LiabilitiesLn 26$7.9M
PeoplePt VI, VII
20
listed · VII A
PaidVII A7
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.6M
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$328K
Other incomeLn 4–11$82K
Total revenueLn 12$7.3M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$9.1M
Land, buildings, equipmentLn 10c$197K
Total assetsLn 16$11.4M
LiabilitiesLn 26$7.9M
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 527
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.5M$1.2M
InvestmentsLn 11–13$7.1M$9.1M
Land, buildings, equipmentLn 10c$293K$197K
Total assetsLn 16$9.9M$11.4M
LiabilitiesLn 26$6.7M$7.9M
Net assetsLn 32$3.2M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$452K$452K
Other salaries and wagesLn 7$2.0M$1.3M$711K
Pension plan contributionsLn 8$80K$36K$44K
Other employee benefitsLn 9$325K$142K$183K
Payroll taxesLn 10$203K$102K$101K
Management feesLn 11a$203K$101K$102K
Legal feesLn 11b$415$415
Advertising and promotionLn 12$102K$39K$64K
Office expensesLn 13$228K$90K$138K
Information technologyLn 14$116K$116K
OccupancyLn 16$79K$79K
TravelLn 17$333K$294K$39K
Conferences, conventions and meetingsLn 19$1.6M$1.5M$32K
Depreciation, depletion and amortizationLn 22$23K$23K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$1.4M$1.2M$181K
Total functional expensesLn 25$7.1M$4.8M$2.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $7.3M$7.1M$211K$3.5M 990 PDF
FY2023 $6.5M$6.3M$218K$3.2M 990 PDF
FY2022 $6.6M$5.5M$1.1M$2.6M 990 PDF
FY2021 $5.9M$5.5M$382K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $7,289,730 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,283,677$4,581,697
I-9 Program service revenuePrior year $1,974,643$2,298,679
I-10 Investment incomePrior year $210,181$327,639
I-11 Other revenuePrior year $62,176$81,715
I-12 Total revenuePrior year $6,530,677$7,289,730
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,815,006$3,054,507
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,497,893$4,023,844
I-18 Total expensesPrior year $6,312,899$7,078,351
I-19 Revenue less expensesPrior year $217,778$211,379
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,289,730 across 7 lines filed
VIII-1b Membership dues$4,528,237
VIII-1f All other contributions, gifts and grants$53,460
VIII-1h Total contributions, gifts and grants$4,581,697
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,183,378 · Unrelated business $115,301$2,298,679
VIII-3 Investment incomeRelated to mission $327,639$327,639
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $81,715$81,715
VIII-12 Total revenueRelated to mission $2,592,732 · Unrelated business $115,301 · Excluded from tax $0$7,289,730
Part IX · Statement of functional expenses $7,078,351 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $451,683$451,683
IX-7 Other salaries and wagesPrograms $1,284,744 · Management $710,830$1,995,574
IX-8 Pension plan contributionsPrograms $35,589 · Management $44,308$79,897
IX-9 Other employee benefitsPrograms $141,640 · Management $183,080$324,720
IX-10 Payroll taxesPrograms $101,835 · Management $100,798$202,633
IX-11a Management feesPrograms $100,850 · Management $101,785$202,635
IX-11b Legal feesManagement $415$415
IX-12 Advertising and promotionPrograms $38,543 · Management $63,738$102,281
IX-13 Office expensesPrograms $90,349 · Management $137,854$228,203
IX-14 Information technologyManagement $116,091$116,091
IX-16 OccupancyManagement $79,423$79,423
IX-17 TravelPrograms $293,974 · Management $39,036$333,010
IX-19 Conferences, conventions and meetingsPrograms $1,539,363 · Management $31,873$1,571,236
IX-22 Depreciation, depletion and amortizationManagement $23,272$23,272
IX-23 InsuranceManagement $14,903$14,903
IX-24 Other expenses (24a–d)Programs $1,171,416 · Management $180,959$1,352,375
IX-25 Total functional expensesPrograms $4,798,303 · Management $2,280,048 · Fundraising $0$7,078,351
Part X · Balance sheet $11,431,522 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,536,943$1,183,254
X-4 Accounts receivableStart of year $89,240$61,779
X-8 Inventories for sale or useStart of year $49,365$44,491
X-9 Prepaid expenses and deferred chargesStart of year $810,561$863,192
X-10c Land, buildings and equipment, netStart of year $292,948$196,768
X-11 Publicly traded securitiesStart of year $7,086,677$9,082,038
X-16 Total assetsStart of year $9,865,734$11,431,522
X-17 Accounts payable and accrued expensesStart of year $2,010,122$2,450,033
X-19 Deferred revenueStart of year $4,463,691$5,232,945
X-25 Other liabilitiesStart of year $241,451$216,281
X-26 Total liabilitiesStart of year $6,715,264$7,899,259
X-27 Net assets without donor restrictionsStart of year $2,219,305$2,566,506
X-28 Net assets with donor restrictionsStart of year $931,165$965,757
X-32 Total net assets or fund balancesStart of year $3,150,470$3,532,263
X-33 Total liabilities and net assetsStart of year $9,865,734$11,431,522
Part XI · Reconciliation of net assets $3,532,263 net assets at year end
XI-1 Total revenue$7,289,730
XI-2 Total expenses$7,078,351
XI-3 Revenue less expenses$211,379
XI-4 Net assets at start of year$3,150,470
XI-5 Net unrealized gains (losses) on investments$170,414
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,532,263

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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