Capstone Legacy Foundation Inc
Capstone Legacy Foundation Inc. reports consistent deficits in recent years while maintaining substantial assets and zero officer compensation.
EIN: 203752969 · Wayne, PA · NTEE: T31 · Updated: 2026-03-28
Is Capstone Legacy Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Capstone Legacy Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Capstone Legacy Foundation Inc
Capstone Legacy Foundation Inc (EIN: 203752969) is a nonprofit organization based in Wayne, PA, classified under NTEE code T31. The organization reported total revenue of $3.4M and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Capstone Legacy Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Capstone Legacy Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Capstone Legacy Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and suggests either volunteer leadership or compensation being reported in other categories, or that it operates with a very lean, non-compensated leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Capstone Legacy Foundation Inc's IRS 990 filings:
- Expenses consistently exceeding revenue in multiple recent periods (e.g., 202312, 202212, 202112), potentially indicating reliance on asset drawdowns or unsustainable spending without further context.
- Unusually high fluctuation in liabilities over time, from $187,386 in 201712 to $1,470,689 in 201912, which warrants investigation into their nature and management.
Strengths
The following positive indicators were identified for Capstone Legacy Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating strong cost control in executive pay or a volunteer leadership model.
- Maintains substantial assets ($5,393,666 in 202312) despite periods of deficit spending, providing financial stability.
- Likely strong program focus given its NTEE code T31 (Donor-Advised Funds), implying a primary activity of facilitating charitable giving.
Frequently Asked Questions about Capstone Legacy Foundation Inc
Is Capstone Legacy Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Capstone Legacy Foundation Inc (EIN: 203752969) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Capstone Legacy Foundation Inc spend its money?
Capstone Legacy Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Capstone Legacy Foundation Inc tax-deductible?
Capstone Legacy Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203752969). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why does Capstone Legacy Foundation Inc. consistently report zero officer compensation?
The filings indicate 0% officer compensation across all periods. This could mean leadership is entirely volunteer, compensation is reported under other expense categories, or the organization has a unique operational model where executive roles are not compensated directly.
What is the primary reason for expenses exceeding revenue in recent years (e.g., 202312, 202212, 202112)?
In periods like 202312, expenses ($3,321,554) exceeded revenue ($3,093,166). This could be due to planned distributions from accumulated assets, market fluctuations affecting investment income, or increased grantmaking activity exceeding current year contributions. Further detail from the full 990 would clarify if these are planned drawdowns or operational deficits.
How does the organization manage its liabilities, which have fluctuated significantly (e.g., $1,470,689 in 201912 vs. $187,386 in 201712)?
Liabilities have varied, reaching $1,470,689 in 201912 and $751,584 in 202312. Understanding the nature of these liabilities (e.g., grants payable, program-related investments, or operational debts) is crucial to assessing financial risk and management practices.
Filing History
IRS 990 filing history for Capstone Legacy Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Capstone Legacy Foundation Inc's revenue has grown by 626.8%, moving from $426K to $3.1M. Total assets increased by 809.3% over the same period, from $593K to $5.4M. Total functional expenses rose by 437.4%, from $618K to $3.3M. In its most recent filing year (2023), Capstone Legacy Foundation Inc reported a deficit of $228K, with expenses exceeding revenue. The organization holds $752K in liabilities against $5.4M in assets (debt-to-asset ratio: 13.9%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $3.3M | $5.4M | $752K | — | — |
| 2022 | $3.3M | $3.6M | $5.1M | $792K | — | View 990 |
| 2021 | $2.5M | $3.1M | $5.9M | $765K | — | View 990 |
| 2020 | $4.4M | $2.6M | $6.8M | $1.0M | — | View 990 |
| 2019 | $4.6M | $2.8M | $5.3M | $1.5M | — | View 990 |
| 2018 | $1.8M | $1.9M | $2.8M | $821K | — | View 990 |
| 2017 | $2.6M | $2.2M | $2.3M | $187K | — | View 990 |
| 2016 | $2.4M | $3.6M | $2.0M | $229K | — | View 990 |
| 2015 | $3.6M | $1.7M | $4.0M | $1.0M | — | View 990 |
| 2014 | $2.5M | $2.0M | $1.3M | $153K | — | View 990 |
| 2013 | $1.1M | $987K | $584K | $60K | — | View 990 |
| 2012 | $543K | $759K | $403K | $37K | — | View 990 |
| 2011 | $426K | $618K | $593K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $3.3M, and assets of $5.4M (revenue -5.0% year-over-year).
- 2022: Revenue of $3.3M, expenses of $3.6M, and assets of $5.1M (revenue +31.3% year-over-year).
- 2021: Revenue of $2.5M, expenses of $3.1M, and assets of $5.9M (revenue -43.6% year-over-year).
- 2020: Revenue of $4.4M, expenses of $2.6M, and assets of $6.8M (revenue -5.3% year-over-year).
- 2019: Revenue of $4.6M, expenses of $2.8M, and assets of $5.3M (revenue +161.1% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.9M, and assets of $2.8M (revenue -30.5% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.2M, and assets of $2.3M (revenue +5.9% year-over-year).
- 2016: Revenue of $2.4M, expenses of $3.6M, and assets of $2.0M (revenue -33.3% year-over-year).
- 2015: Revenue of $3.6M, expenses of $1.7M, and assets of $4.0M (revenue +42.6% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.0M, and assets of $1.3M (revenue +131.8% year-over-year).
- 2013: Revenue of $1.1M, expenses of $987K, and assets of $584K (revenue +101.2% year-over-year).
- 2012: Revenue of $543K, expenses of $759K, and assets of $403K (revenue +27.7% year-over-year).
- 2011: Revenue of $426K, expenses of $618K, and assets of $593K.
Data Sources and Methodology
This transparency report for Capstone Legacy Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.