2021-12-22T16:05:25-05:00 2019-12-31 Martha Post EA Tax and Accounting 246 Parkridge Drive Perkasie PA 18944 990 2019-01-01 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 Martha S Post P00631948 2154535955 2021-12-22 2019 2022-09-23 18:48:47Z X Nancy H Hansen 4667020 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 7 4 15 30 -6914 -3542 1776485 4332076 0 -16339 57425 16387 248271 1776533 4637772 748885 1082641 0 399935 545111 0 456398 796501 1177531 1945321 2805283 -168788 1832489 2809546 5341602 841182 1285540 1968364 4056062 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 1199610 1156448 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. 198284 4300 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 41215 Counter Culture Mom is 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 585088 Capstone supported 12 other active fiscal sponsorship charitable projects during 2019. The revenue and expense of these projects is summarized on line 4d. 585088 2024197 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 true false false false true true true true false false true 35 0 true 15 true true true false false false true true true true false false false false false false false false false false false X 7 4 false false false false false false false true true false true true true true true true true true true true true true 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 20.00 2.00 X X 50000 0 0 Merrill R Steiner Secretary Directr In-house 6.00 1.00 X X 13198 0 0 Edward McBride Treasurer 2.00 0.00 X X 0 0 0 Robert Claiborne Director 12.00 0.00 X 6680 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 Ben Myers Director 2.00 0.00 X 0 0 0 Thomas Keyser Chief Financial Officer 40.00 2.00 X 91800 0 0 161678 0 0 0 false false false 4332076 790000 4332076 57425 57425 87501 87501 22334 29248 -6914 -6914 -6914 Special Events 900099 118763 118763 All other Revenue 900099 48921 48921 167684 4637772 312610 -6914 0 1043141 1043141 39500 39500 154998 74244 51304 29450 331235 167350 109639 54246 16203 6482 7158 2563 42675 20447 14143 8085 278883 116255 32095 130533 13013 13013 32936 13730 3790 15416 183177 143301 12693 27183 121316 25368 9460 86488 48574 25340 9873 13361 74101 37558 22325 14218 67577 50664 2640 14273 292919 234335 29292 29292 42384 20306 14048 8030 32551 15595 10789 6167 6836 3144 2051 1641 Bank Charges 8162 1632 6530 Rental expense in Part VIII -29248 -14013 -9694 -5541 Other 4350 1450 1450 1450 2805283 2024197 324688 456398 1082251 1195626 2153 339 13181 993896 104063 916399 889833 655539 2097250 57663 990000 92372 151882 2830 3830 2809546 5341602 56579 88149 722689 708734 219095 61914 269562 841182 1285540 X 1752659 3805197 215705 250865 1968364 4056062 2809546 5341602 X 1832489 69759 185450 X X false true X true false X 3588811 2235350 2402485 1755533 4332076 14314255 3588811 2235350 2402485 1755533 4332076 14314255 5778826 8535429 -3212 131111 27598 -16299 167260 306458 28336 45442 37722 167684 279184 14899897 0.57290 0.94240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18 22 1441784 697719 966677 13000 2554620 250865 true true 2068432 1441784 59133 971567 43162 2554620 2157647 910899 40295 1040409 2068432 1737039 1448566 59620 1087578 2157647 1684362 1267824 16236 1231383 1737039 931323 1594450 1602 843013 1684362 1.00000 false true true 939896 54827 885069 14640 14640 39360 34596 4764 889833 Closely Held Equity INTERESTS 790000 F Loan with Equity Conversion rights 200000 C 990000 Program Related Investments 151882 C 151882 Other Assets 3830 3830 Trust Obligation 74531 Annuities payable 195031 269562 X Endowment funds intended uses (Part V, line 4) The endowment funds represent donor advised funds held by Capstone, to be donated to charities at the recommendation of the original donor. Footnote for uncertain tax position under FIN 48 (Part X) Explanation true South Asia Grant making Anti sex-traffic 39500 39500 39500 South Asia Anti Sex traffic project 39500 wire false false false false false false true AlphaCare 3807 Lancaster Ave Philadelphia PA 19104 232200707 957000 X 1 790000 Independent Appraisa false true true Additional Information for Schedule M Part 1, Line 32a - Capstone has a business relationship with a broker which will assist in the liquidation of non-cash assets, the services of which will be used by Capstone or recommended to a donor if applicable. Amended return information IRS Form 990 (1) p.1 Line 7(a) total unrelated business revenue from Part VII column (C)Line 12 = (6,914) and not (3,542) as filed previously. (2) 990 p.2, Part III, Lines 4a-4damounts are now correct. (3) Page 9, Part VIII Statement of Revenue: math correction, total income increased by $50. (4)Page 10, Part IX, Statement of Functional Expenses: math corrections. (5)Page 11, Part X Balance Sheet: math corrections; Liabilities had been overstated $185,149 and Net Assets had been understated by $185,149. These amounts have been corrected. (6)Page 12, Part XI Reconciliation of Net Assets: Line 9 was $301, now $185,149+301=$185,450. (7)Sch.D Part X previously INCORRECTLY listed $185,149 as AMOUNT DUE FROM AFFILIATED SUPPORTING ORG. This amount has been removed on this Amended return. Unrelated business income explanation Part V line 3b Capstone had unrelated business income during 2019 for the first time; from debt-financed rental income. Form 990-T was filled with and made part of this fom 990 for this year. The result was a minor loss applying allowed expenses against revenue. Committee meeting documentation Part VI line 8b Capstone Legacy Foundation did not convene any Board 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 prior to filing, 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 and Chief Financial Officer. The CEO received the equivalent of $50,000 in compensation from Capstone Legacy Foundation during 2019. Other officer or key employee compensation Part VI line 15b The Board of Directors of Capstone Legacy Foundatino 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. Explanation of other changes in net assets or fund balances Part XI line 9 Changes in Net Assets are due to erroneously including $185,149 on IRS Form 990 Sch D Part X Line 4 Amount due to Affiliated Supporting Organization for that amount. The 990-X removes that amount and increased Net Assets without donor restrictions for $185,149. 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 Form 990, Part I, Line 21 and 22 - Net assets at beginning of year. A prior period adjustment was made to the Dec. 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. APN CLF Wayne PA 19087 educate ministry to clerty DE 255555 355555 CLF kentucky pastors network clf Wayne PA 19087 education ministry to clerty DE clf CLF Storehouse CLF Wayne PA 19087 900601275 Non-Liquid donations PA 501c3 12a clf true CLF Charitable Trust I clf Wayne PA 19087 476677025 non-liquid donations DE 501c3 12a N/A false false false false false false false false false false false false false true true false false false true Capstone Legacy Fndtn Storehouse In s 185149 Cash from sale of donated real estate CLF Storehouse INC o 5000 Estimated CLF Charitable Trust I o 3000 Estimated