2021-12-22T14:29:57-05:00 2020-12-31 Martha Post EA Tax and Accounting 246 Parkridge Drive Perkasie PA 18944 990 2020-01-01 203752969 Capstone Legacy Foundation Inc CAPS 900 W Valley Road Ste 203 Wayne PA 19087 Nancy H Hansen Chairman and CE 6106888890 2021-12-22 false Nancy H Hansen Martha S Post P00631948 2672476448 2021-12-22 0 00 AAL1 IAL1 2020 2022-09-23 18:48:47Z Nancy H Hansen 4422818 false X www.capstonelegacy.org X 2005 PA The foundation provides donors with assistance in philanthropy, and to provide funding and advocacy for ministries, charitable organizations and other non-profits. See also Capstone Legacy Foundation Charitable Trust I + Capstone Legacy Foundtn Storehouse Inc supporting entities 9 6 20 30 -1499 -1133 4332076 3705648 0 57425 364277 248271 323053 4637772 4392978 1082641 922511 0 545111 703533 0 256267 1177531 1023048 2805283 2649092 1832489 1743886 5341602 6826996 1285540 1027048 4056062 5799948 X The foundation provides donors with assistance in philanthropy, and to provide funding and advocacy for ministries, charitable organizations and other non-profits. See also Capstone Legacy Foundation Charitable Trust I + Capstone Legacy Foundtn Storehouse Inc supporting entities false false 1171009 822086 Donor services provided primarily though donor advised funds grants to non-profit charitable organizations operated for Christian charitable religious and educational puposes. Revenue shown here is classified as contributions in Part I and Part VIII. 290004 American Pastors Network and state chapters are a fiscal sponsorship project. It educates and fosters support for spiritual and cultural issues in the forefront of pastoral ministries in eight states with intent to reach national audiences. Revenue shown here is classified as contributions in Part I and Part VIII 59116 Counter Culture Mom was a new project for 2019. It is a fiscal sponsorship project. Its mission is to expose hypocrisy in pop culture that is wrecking havoc on Teens, tweens, and toddlers. The mission includes educational materials and venues to reveal the consequences of behaviors promoted by pop culture including drugs, alcohol, cutting, immodest dressing, violence and suicide. Revenue shown here is classified as contributions in Part I and Part VIII 353258 Capstone supported 21 other active fiscal sponsorship charitable projects during 2020. The revenue and expense of these projects is summarized on line 4d. 353258 1873387 true true false false false true false false false true true true false false true true false true false false true true false false false false false true false false false false false false false false false false false false false false true true true true false false true 38 0 true 20 true true true false false false false false false false false false false false false false false false false X 9 6 false false false false false false false true true false true true true true true true true true true true false AK AL AR AZ CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV X Thomas Keyser 6106888890 900 W Valley Road Ste 203 Wayne PA 19087 Nancy H Hansen Chairman and CEO 40.00 2.00 X X X 119933 0 0 Thomas Keyser Chief Financial Officer 40.00 2.00 X 100200 0 0 Merriill Steiner Secretary Directr In-house 6.00 1.00 X X 35006 0 0 Robert Claiborne Director 12.00 0.00 X 10520 0 0 Michael Novak Director 2.00 0.00 X 0 0 0 Paul Griffin Director 2.00 0.00 X 0 0 0 Ben Myers Director 2.00 0.00 X 0 0 0 Rev Willie Richardson Director 2.00 0.00 X 0 0 0 Allen Carr Director 2.00 0.00 X 0 0 0 Edward McBride Treasurer 2.00 0.00 X X 0 0 0 265659 0 0 4 false false false 3705648 3705648 364277 364277 215364 215364 28341 29840 -1499 -1499 -1499 Cng in Val of Split Int 900099 105754 105754 Other Income 900099 3434 3434 109188 4392978 688829 -1499 0 922511 922511 255139 39978 175183 39978 363782 198274 129299 36209 33391 13356 14752 5283 51221 19717 25199 6305 241839 154851 18941 68047 56669 17684 25263 13722 15350 5372 7675 2303 248601 214546 16127 17928 74485 42882 20104 11499 109150 73960 14600 20590 68261 28605 30659 8997 69888 63004 3442 3442 28028 10789 13789 3450 28180 9981 15340 2859 23770 10934 7131 5705 Bank Charges 8570 1714 6856 Program Expense 50257 45229 1934 3094 2649092 1873387 519438 256267 1195626 1474104 13181 27886 1185681 141359 889833 1044322 2097250 3111116 990000 956174 151882 209564 3830 3830 5341602 6826996 88149 117081 708734 694179 219095 160375 269562 55413 1285540 1027048 X 3805197 5288703 250865 511245 4056062 5799948 5341602 6826996 1743886 0 X X false true X true false X 2235350 2402485 1755533 4332076 3705647 14431091 2235350 2402485 1755533 4332076 3705647 14431091 4612892 9818199 131111 27598 -16299 167260 48527 358197 45442 37722 167684 3434 254282 15043570 0.65270 0.57290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21 24 2655162 1006955 1118087 9837 4258835 505806 true true 2554620 2640806 102470 1104205 55257 4138434 2068432 1441784 59133 971567 43162 2554620 2157647 910899 40295 1040409 2068432 1737039 1448566 59620 1087578 2157647 1684362 1267824 16236 1231383 1737039 1.00000 false true true 17600 17600 1098296 86324 1011972 14640 14640 55145 40395 14750 1044322 Closely Held Equity Interests 700000 F Loan with Equity Conversion rights 200000 C Bridge Loan 56174 F 956174 Program Related Investments 157050 F Investments Held under Donor Agreem 52514 F 209564 Other Assets 3830 3830 Annuities payable 55413 55413 X Footnote for uncertain tax position under FIN 48 (Part X) The Foundation utilizes ASC-740-10, Accounting for Uncertainty in Income Taxes, as it relates to uncertain tax positions. Management has reviewed its current and past federal and state income tax positions and has determined that the tax positions taken are certain and there is no likelihood that a material tax assessment would be made if the respective government agencies examined tax returns subject to audit. Accordingly, no provision for the effects of uncertain tax positions has been recorded, nor have any related interest and penalties been accrued. true South Asia Grant making Anti sex-traffic 30526 30526 30526 South Asia Anti Sex traffic project 30526 Eletronic Fair market value false false false false false false Supplemental Information (Part V, Other) Part 1, Line 2- the same comprehensive procedures are applied to grants outside the US as for grants to domestic charities. In the case of a foreign charity, Capstone checks all foreign government resources available, and in the case of the one grant made in 2020, Capstone knew people close to the charitys parent organization, and requested and received detailed reporting of how the grant was used for the charitable purposes intended. true Sonshine Family Television Corp 813 N Fenwick Street Allentown PA 18109 222672541 300000 To use where most needed Schuylkill United Way 9 N Centre Street Pottsville PA 17901 231999071 100000 For United Way and Salvation Army of Po National Christian Foundation-NCF 11625 Rainwater Drive Ste500 Alpharetta GA 30009 300209280 55000 Childs Education disabled individuals Yellowstone Boys and Girls Ranch Fo PO Box 80807 Billings MT 59108 810419905 55000 Where needed most Azusa Pacific University PO Box 7000 Azusa CA 91702 951744369 40000 West Campus Student Commons Intl Fellwshp of Christians and Jew 30 North LaSalle Street Suite 4300 Chicago IL 606022584 363256096 40000 Where needed most Epiphany Church of Gloucester City PO Box 532 Gloucester City NJ 08030 30000 Where needed most Samaritans Purse PO Box 3000 Boone NC 28607 581437002 30000 For those in need of food and shelter Church of Broken Pieces 41 N Front Street Minersville PA 17954 232246300 28000 Where needed most Valley View Comm Food Bank 12321 NW Grand Ave El Mirage AZ 85335 770696933 24000 Where needed most Liberti Fishtown 2424 East York Street Suite 122 Philadelphia PA 19125 237366967 20000 Where needed most Logan Hope School 4934 N 13th Street Philadelphia PA 19141 233052984 20000 Where needed most People for People 716 N Broad Street Philadelphia PA 19130 232676655 15000 For HOPE Pregnancy Center Philadelphia Jerusalem Prayer Team PO Box 30000 Phoenix AZ 85046 751894318 12000 Where needed most Forge Leadership Network 707 Miamisburg-Centerville Road Dayton OH 45459 472275305 10000 top bring FLN to PA Inner City Movement Inc Theater7000 7000 Terminal Sq Upper Darby PA 19082 141966666 10000 Where most needed Spring City Regeneration Church 45 N Church St Spring City PA 19475 842887220 10000 Where needed most Tenth Presbyterian Church 1701 Delancey Street Philadelphia PA 19103 231365261 7500 For greatest need 14 4 Additional Information for Schedule I Grant Making Due Diligence Procedures1. Locate non-profit on Guidestar.org to determine good standing status with IRS. 2. Review latest IRS Form 990 if available. Print out first page and other appropriate sections if any questions about the organization are addressed in 990. 3. Visit non-profit website print out their mission statement 4. If no website, request the Donor to obtain documentation from the non-profit that supports the mission of the organization. 5. If organization doesnt have an evangelical Christian mission statement, send form letter requesting acceptance of Capstone Statement of Purpose confirming the non-profit has no issue with Capstones mission and can in good conscience accept a donation from Capstone. 7. Email Grant Request to Capstones Board for approval Unrelated business income explanation Part V line 3b Capstone had unrelated business income during 2020; from debt-financed rental income. Form 990-T was filed. Committee meeting documentation Part VI line 8b Capstone Legacy Foundation did not convene any Board committee meetings during the year Form 990 governing body review Part VI line 11 Line 11b - The Board of Directors will receive a copy of the Form 990 which will be reviewed, discussed, and approved with management. Conflict of interest policy compliance Part VI line 12c Conflict of interest policy disclosures are made annually by appropriate persons including Board members, The process is overseen by the Board of Directors. CEO executive director top management comp Part VI line 15a The Board of Directors of Capstone Legacy Foundation, Inc. reviewed and approved the compensation of its top employees. These employees are its General Counsel, CEO, and Chief Financial Officer. Other officer or key employee compensation Part VI line 15b The Board of Directors of Capstone Legacy Foundation Inc reviewed and approved the compensation of its top employees: the General Counsel, the Chief Financial Officer, and the CEO. Governing documents etc available to public Part VI line 19 Made available upon request; provided that requester has a valid reason, in the sole discretion of the board, CEO or General Counsel, to receive or review the governing documents and financial reports. Audited by an independent accountant Part XII line 2b Part VI, Section C, Line 19- Made available upon request; provided that requester has a valid reason, in the sole discretion of the Board, CEO, General Counsel, to receive or review the governing documents and financial reports. Part III response or note to any other line in Part III Line 2 - During 2019, Capstone began a new fiscal sponsorship project called Counter Culture Mom. See line 4a for explanation of the charitable efforts of this project. Form 990, Part III, Line 4d - Other Program Expenses - Capstone supported 12 other actie fiscal sponsorship charitable projects during 2019. The revenue and expense of these projects is summarized on line 4d. General explanation attachment Psrt I, Line 21 and 22: Net Assets at beginning of year. A prior period adjustment was made 12/31/2018 financial report for $20,000; the impact was to increase accounts payable and reduce net assets by that amount. It concerned the settlement of past due accounts payable applicable to years prior to 2019 American Pastors Network co Capstone Legacy 900 W Valley R Wayne PA 19087 educate ministry to Clergy DE 330934 77943 Capstone Legacy Foundation Pennsylvania Pastors Network co Capstone Legacy 900 W Valley R Wayne PA 19087 education ministry to clergy DE 150 67 Capstone Legacy Foundation Tennessee Pastors Network 900 W Valley Rd Suite 203 Wayne PA 19087 Educationministry to Clergy DE 370 6207 Capstone Legacy Foundation Capstone Legacy Foundtn Storehouse 900 W Valley Road Wayne PA 19087 900601275 educate ministry to Clergy PA 501c3 12a Capstone Legacy Foundation true Capstone Legcy Charitable Trust I 900 W Valley Rd Wayne PA 19087 476677025 non-liquid donations DE 501c3 12a Capstone Legacy Foundation Inc true false false false false false false false false false false false false false true true false false false true Capstone Legacy Fndtn Storehouse In o 5000 Estimated CLF Charitable Trust I o 3000 Estimated