2023-11-09T07:16:03-08:00 2022-12-31 880071531 Read & Powell LLP 491 5th St Elko NV 89801 990 2022-01-01 273503738 NMC LEGACY FUND NMCL 7196894022 PO BOX 191 VICTOR CO 80860 NORMA TOWNLEY Treasurer 2023-11-09 true NORMA TOWNLEY 999009999 true Megan K McManus P01361667 7757388441 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z PO BOX 191 VICTOR CO 80860 369460 false X N/A X 2010 NV TO HELP BUILD HEALTHY SUSTAINABLE COMMUNITIES, OFFERING A BETTER LIFE FOR INDIVIDUALS AND FAMILIES WORKING AND LIVING IN OUR COMMUNITIES BY PROVIDING FINANCIAL ASSISTANCE TO TAX EXEMPT SOCIAL SERVICE AGENCIES THAT OFFER PROGRAMS AND SERVICES WITHIN OUR COMMUNITIES. 7 7 0 40 0 101284 176637 0 292438 129015 0 393722 305652 196029 95335 0 0 0 0 33587 36130 229616 131465 164106 174187 5206798 4570988 1684754 874757 3522044 3696231 NMC LEGACY FUND'S GOAL IS TO BUILD HEALTHY, SUSTAINABLE COMMUNITIES BY PROVIDING ESSENTIAL FUNDING FOR PROGRAMS AND SERVICES WHERE EXISTING GAPS HAVE BEEN IDENTIFIED AND THAT SERVE A SOCIAL SERVICE NEED TO OUR COMMUNITIES. false false 95335 95335 176637 NMC LEGACY FUND MAKES DISTRIBUTIONS TO TAX EXEMPT ORGANIZATIONS PROVIDING THE PROGRAMS AND SERVICES ESSENTIAL TO HEALTHY, SUSTAINABLE COMMUNITIES. IN 2022 AND 2021, NMC DISTRIBUTED $95,335 TO 77 AND $196,029 TO 65, RESPECTIVELY, QUALIFIED 501(C)(3) CHARITABLE ORGANIZATIONS PROVIDING A VARIETY OF COMMUNITY SERVICES. 95335 true true false false false false false false false false false false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 7 7 false false false false false false false true true false false true true true true false true false false false X NORMA TOWNLEY 7196894022 100 N 3RD STREET VICTOR CO 80860 X LORNA SHAW President 1.00 0.00 X X 0 0 0 STACY JOHNSON Director 1.00 0.00 X 0 0 0 GAVIN JANGARD Director 1.00 0.00 X 0 0 0 KAITLYN RAGSDALE Secretary 1.00 0.00 X X 0 0 0 KYLEEN JOHNSTON Director 1.00 0.00 X 0 0 0 KATIE BLAKE Director 1.00 0.00 X 0 0 0 NORMA TOWNLEY Treasurer 1.00 0.00 X X 0 0 0 0 false false false 0 176637 176637 0 184542 184542 0 0 0 8281 63808 -55527 -55527 -55527 0 0 0 0 305652 129015 95335 95335 0 0 0 0 0 0 0 0 0 0 0 0 0 0 34734 34734 0 0 0 0 0 0 0 0 0 0 0 0 0 TAXES AND LICENSES 1396 1396 0 131465 95335 36130 0 283064 115615 425036 836290 0 0 0 0 0 0 0 0 4493509 3607419 0 0 0 5189 11664 5206798 4570988 1684754 874757 1684754 874757 X 3522044 3696231 3522044 3696231 5206798 4570988 174187 X false false false X 3120580 2816976 222411 101284 176637 6437888 0 0 3120580 2816976 222411 101284 176637 6437888 3241776 3196112 106578 129849 159952 292438 129015 817832 0 0 7255720 0.44050 0.45510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Rounding 1 UNREALIZED GAIN ON INVESTMENT 874756 874757 Part V, Line 4: Intended uses of the endowment fund. NMC LEGACY FUND HAS ESTABLISHED AN ENDOWMENT FUND FOR THE LONG-TERM SOCIAL SERVICE NEEDS OF OUR COMMUNITIES. THE PREMISE BEHIND THE ENDOWMENT FUND CAN BE LIKENED TO "SAVING FOR A RAINY DAY." THE ENDOWMENT FUND'S SOLE PURPOSE IS TO HELP SUSTAIN TAX EXEMPT SOCIAL SERVICE ORGANIZATIONS THAT PROVIDE NEEDED SERVICES, ACTIVITIES AND EDUCATIONAL OPPORTUNITIES AFTER NEWMONT MINING CORPORATION HAS CONCLUDED OPERATIONS. true Catalyst Church 1415 Poplar Ave Canon City CO 81212 475201979 7200 0 GENERAL SUPPORT Impact Christian Church PO Box 6550 Woodland Park CO 80866 742425045 26160 0 GENERAL SUPPORT Universal Ministries of Truth PO Box 36173 Colorado Spring CO 80937 820586854 7450 0 GENERAL SUPPORT Woodland Park Community Churc 800 Valley View Dr Woodland Park CO 80863 840730628 9600 0 GENERAL SUPPORT 2 2 Grantmaker's Description of How Grants are Used THE PROCEDURES WE HAVE IN PLACE TO ENSURE THAT OUR FUNDS ARE BEING USED TO FURTHER OUR EXEMPT PUPOSES AND BUILD HEALTHY COMMUNITIES CONSIST OF, 1) QUARTERLY WRITTEN REPORTS WHICH INCLUDE AN ANNUAL BUDGET, PROFIT AND LOSS, AND ANNUAL 990'S; 2) PROGRAM EVALUATION REPORTS, SUSTAINABILITY EFFORTS, GOALS AND CHALLENGES THROUGHOUT THE YEAR; 3) SITE VISITS AND FINALLY; 4) WE MAINTAIN REGULAR COMMUNICATIONS WITH EACH NONPROFIT ORGANIZATION VIA TELEPHONE, INTERNET OR FACE TO FACE MEETINGS. ADDITIONALLY, BECAUSE A LARGE PORTION OF OUR COMMUNITIES ARE SMALL, WE HAVE HAD THE OPPORTUNITY TO DEVELOP STRONG BUSINESS RELATIONSHIPS WITH THE ORGANIZATIONS AND THEIR ACTIVITIES THROUGH VOLUNTEERING AND COLLABORATIVE COMMUNITY EVENTS. Form 990, Part VI, Section B, Line 11b A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS TO REVIEW AND APPROVAL IS DOCUMENTED IN THE BOARD MEETING MINUTES PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Section B, Line 12c THE NMC LEGACY FUND CONFLICT OF INTEREST POLICY IS INCORPORATED INTO THE BOARD OF DIRECTORS CODE OF ETHICS, AND COMPLIANCE IS MANDATED BY THE CORPORATE BYLAWS. EACH DIRECTOR / OFFICER IS REQUIRED TO SIGN THE BOARD OF DIRECTORS CODE OF ETHICS WHEN APPOINTED TO THE BOARD. Form 990, Part VI, Section C, Line 19 NMC LEGACY FUND KEEPS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL INFORMATION IN THE CUSTODY OF THE EXECTIVE DIRECTOR AT 100 N. THIRS STREET, VICTOR, CO. ALL REQUIRED DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST.