2023-07-28T13:34:59-05:00 2022-12-31 581493949 NATIONAL CHRISTIAN CHARITABLE FOUNDATION 11625 RAINWATER DRIVE SUITE 500 ALPHARETTA GA 30009 990 2022-01-01 823362380 OPERATION LEGACY FOUNDATION INC OPER 6788921874 PO BOX 524 ALPHARETTA GA 30009 S RICHARD HICKS PRESIDENT 4042520100 2023-07-28 1 S RICHARD HICKS 999009999 1 MARYE E LORD P02536305 4042520100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z S RICHARD HICKS PO BOX 524 ALPHARETTA GA 30009 2315188 0 X NA X 2017 DE TO PROVIDE FUNDING TO CHARITIES IN FULFILLMENT OF THE EXEMPT PURPOSES OF NATIONAL CHRISTIAN CHARITABLE FOUNDATION, INC. ("NCCF") AND HELPING HANDS CHARITABLE FOUNDATION, INC. ("HHCF") BY EMPOWERING AND MINISTERING TO THE WEAK AND THE POOR, ASSISTING IN TRAINING DISCIPLES, AND PARTNERING WITH CHRIST-CENTERED ORGANIZATIONS THAT PROCLAIM THE GOOD NEWS AND STAND FOR THE TRUTH. 7 4 0 0 0 0 2166580 2312567 0 0 8368 2621 0 0 2174948 2315188 5255487 18093024 0 0 0 0 0 0 0 65174 66895 5320661 18159919 -3145713 -15844731 14855718 7056408 10886 15021971 14844832 -7965563 X TO PROVIDE FUNDING TO CHARITIES IN FULFILLMENT OF THE EXEMPT PURPOSES OF NATIONAL CHRISTIAN CHARITABLE FOUNDATION, INC. ("NCCF") AND HELPING HANDS CHARITABLE FOUNDATION, INC. ("HHCF") BY EMPOWERING AND MINISTERING TO THE WEAK AND THE POOR, ASSISTING IN TRAINING DISCIPLES, AND PARTNERING WITH CHRIST-CENTERED ORGANIZATIONS THAT PROCLAIM THE GOOD NEWS AND STAND FOR THE TRUTH. 0 0 18159340 18093024 OPERATION LEGACY FOUNDATION, INC. PROVIDED FUNDING TO CHARITIES IN FULFILLMENT OF THE EXEMPT PURPOSES OF NATIONAL CHRISTIAN CHARITABLE FOUNDATION, INC. ("NCCF") AND HELPING HANDS CHARITABLE FOUNDATION, INC. ("HHCF") BY EMPOWERING AND MINISTERING TO THE WEAK AND THE POOR, ASSISTING IN TRAINING DISCIPLES, AND PARTNERING WITH CHRIST-CENTERED ORGANIZATIONS THAT PROCLAIM THE GOOD NEWS AND STAND FOR THE TRUTH. 18159340 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 4 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SO ADMINISTRATION 6788921874 PO BOX 524 ALPHARETTA GA 30009 TERRILL A PARKER DIRECTOR 1.00 40.00 X 0 276953 6989 BRYAN GREEN DIRECTOR 1.00 40.00 X 0 0 0 S RICHARD HICKS PRESIDENT/DIRECTOR 30.00 0.00 X X 45000 0 0 KURT R WINRICH SECR./TREAS./DIRECTOR 1.00 0.00 X X 0 0 0 PAUL R BLACK DIRECTOR 1.00 0.00 X 0 0 0 BRYAN FELLER DIRECTOR 1.00 0.00 X 0 0 0 STEVE GOOGASIAN PART YEAR DIRECTOR 1.00 40.00 X 0 200724 7341 DANA E RING PART YEAR DIRECTOR 1.00 40.00 X 0 203679 16896 KELLY G SHEPARD FORMER DIRECTOR 0.00 40.00 X 0 70584 25240 45000 751940 56466 0 1 1 0 0 2312567 2312567 2621 2621 2315188 0 0 2621 18093024 18093024 1561 1561 CONTRACT SERVICES 60000 60000 MEALS 4755 4755 BUSINESS REGISTRATION F 561 561 BANK FEES 18 18 18159919 18159340 579 0 16531 1621 800615 427641 450018 14038572 6177128 14855718 7056408 10886 15718 15006253 10886 15021971 X 14844832 -7965563 14844832 -7965563 14855718 7056408 X -15844731 -5111444 -1854220 X 0 0 0 X X X 2 NATIONAL CHRISTIAN CHARITABLE FOUNDATION INC 581493949 7 1 18159340 0 HELPING HANDS CHARITABLE FOUNDATION INC 208670440 7 1 0 0 2 18159340 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 LIMITED PSHIP INVESTMENTS 6177128 C 6177128 1 1517 LEGACY PROJECT PO BOX 54032 IRVINE CA 92619 463986960 501(C)(3) 3175000 13134893 PV OF FUTURE GRANTS EDUCATION STAR ROCK MINISTRIES PO BOX 996 SAN CLEMENTE CA 92674 208594584 501(C)(3) 150000 0 FAMILY SERVICES BOULDER CREST FOUNDATION PO BOX 117 BLUEMONT VA 20135 273228310 501(C)(3) 250000 0 GROWTH NATIONAL CHRISTIAN CHARITABLE FOUNDATION INC 11625 RAINWATER DRIVE SUITE 500 ALPHARETTA GA 30009 581493949 501(C)(3) 42389 0 SUPPORT CITY TO CITY LOS ANGELES 16 N MARGENGO AVE STE 609 PASADENA CA 91101 821138499 501(C)(3) 10000 0 GROWTH OPERATION MOBILIZATION PO BOX 444 TYRONE GA 30290 222513811 501(C)(3) 1075000 0 SUPPORT PIONEERS 10123 WILLIAM CAREY DR ORLANDO FL 32832 521206938 501(C)(3) 5742 0 SUPPORT SEEDS CHRISTIAN COUNSELING 23282 MILL CREEK DR DTE 130 LAGUNA HILLS CA 92653 872168165 501(C)(3) 150000 0 EDUCATION STANDING STONE MINISTRIES INC 6 EXECUTIVE IRVINE CA 92614 455319818 501(C)(3) 100000 0 EDUCATION 9 PART I, LINE 2: THE ORGANIZATION DOES NOT MONITOR THE USE OF FUNDS GRANTED TO ORGANIZATIONS IN THE UNITED STATES SINCE IT GRANTS FUNDS TO ORGANIZATIONS ONLY IF THOSE ORGANIZATIONS QUALIFY AS EXEMPT FROM FEDERAL INCOME TAX UNDER CODE SECTION 501 (C) (3) AND THEREFORE ARE BOUND TO USE SUCH FUNDS ONLY FOR RELIGIOUS, CHARITABLE, EDUCATIONAL, OR OTHER PURPOSES DESCRIBED IN THAT CODE SECTION. X X 0 0 0 0 0 0 0 0 0 TERRILL A PARKER DIRECTOR 0 254453 0 22500 0 0 0 6500 0 489 0 283942 0 0 DANA E RING PART YEAR DIRECTOR 0 196679 0 7000 0 0 0 5757 0 11139 0 220575 0 0 STEVE GOOGASIAN PART YEAR DIRECTOR 0 118927 0 0 0 81797 0 4426 0 2915 0 208065 0 0 KELLY G SHEPARD FORMER DIRECTOR 0 68584 0 2000 0 0 0 2204 0 23036 0 95824 0 0 PART I, LINE 3 COMPENSATION FOR THE ORGANIZATION'S COMPENSATED OFFICERS IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BASED UPON COMPARABILITY ANALYSIS AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. PART I, LINE 7B: THE ORGANIZATION HAS DONE A THOROUGH ANALYSIS TO DETERMINE IF IT HAS ANY REPORTABLE UNRELATED BUSINESS INCOME ("UBI"). WE HAVE CONCLUDED THAT THE ORGANIZATION HAS NO UBI AND THEREFORE, HAS NO 990-T FILING REQUIREMENT FOR THIS TAX YEAR. FORM 990: PART IV, LINE 31 & 32 AND PART X, LINE 27(B) OPERATION LEGACY FOUNDATION, INC. ("OLF") EXPERIENCED A SIGNIFICANT REDUCTION IN ITS NET ASSETS DURING 2022. THE REDUCTION IN NET ASSETS RESULTED FROM 1. A REDUCTION IN INVESTMENTS DUE TO AN UNREALIZED LOSS OF $5,111,444 ($34.4%) AND A $2,750,000 (19%) RETURN OF CAPITAL. 2. IN ADDITION TO THE DECREASE IN INVESTMENTS, OLF ENTERED INTO A 5 YEAR LEGALLY BINDING, VOLUNTARY, NONRECIPROCAL GIFT AGREEMENT WITH ANOTHER 501(C)(3) PUBLIC CHARITY ON DECEMBER 31, 2022. THE COMMITMENT IS FOR AN ANNUAL $3 MILLION GRANT FOR FIVE YEARS BEGINNING IN 2023 AND CONTINUING THROUGH 2027. THE TOTAL 5 YEAR GRANT COMMITMENT IS $15 MILLION DOLLARS. PER FASB ASU 2018-08 THE CONTRACT LIABILITY IS REQUIRED TO BE RECORDED ON THE FINANCIAL STATEMENTS AS A GRANT PAYABLE AND GRANT EXPENSE. OLF FULLY EXPECTS NET ASSETS TO INCREASE TO ITS PREVIOUS LEVELS OVER THE NEXT SEVERAL YEARS. FOR THESE REASONS, OLF IS NOT PREPARING A SCHEDULE N AS THE SIGNIFICANT REDUCTION IN NET ASSETS IS NOT A RESULT OF LIQUIDATION, TERMINATION, DISSOLUTION, OR SIGNIFICANT DISPOSITION OF ASSETS. FORM 990, PART VI, SECTION A, LINE 1A A MAJORITY OF DIRECTORS ARE APPOINTED BY THE SUPPORTED ORGANIZATIONS (NATIONAL CHRISTIAN CHARITABLE FOUNDATION ("NCCF") AND HELPING HANDS CHARITABLE FOUNDATION, INC. ("HHCF") CERTAIN NCCF DIRECTORS ARE NOT CONSIDERED INDEPENDENT SINCE THEY RECEIVE COMPENSATION FROM NCCF FOR SERVICES PROVIDED TO NCCF. FORM 990, PART VI, SECTION A, LINE 2 KURT R. WINRICH, PAUL R. BLACK AND S. RICHARD HICKS HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A A MAJORITY OF THE DIRECTORS OF THE ORGANIZATION'S BOARD (THE "NCCF DIRECTORS") SHALL BE DESIGNATED BY NATIONAL CHRISTIAN CHARITABLE FOUNDATION, INC. ("NCCF"). THE NCCF DIRECTORS SHALL EACH BE A PERSON WHO IS NOT A "DISQUALIFIED PERSON" AS THAT TERM IS DESCRIBED IN SECTION 4946 OF THE INTERNAL REVENUE CODE. A MINORITY OF DIRECTORS SHALL BE DESIGNATED BY THE DONOR GROUP, IN ACCORDANCE WITH THE ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S TAX RETURN IS COMPILED FROM THE FINANCIAL RECORDS OF THE ORGANIZATION. ONCE PREPARED, THE RETURN IS REVIEWED BY NCCF, A SUPPORTED ORGANIZATION OF OPERATION LEGACY FOUNDATION, INC. THE FORM 990 IS THEN SENT TO ALL DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT ACKNOWLEDGING RECEIPT AND REVIEW OF THE POLICY AND ADEQUATELY DISCLOSING THE NATURE OF ANY POTENTIAL CONFLICTS. IF A CONFLICT OF INTEREST IS PRESENT, AFTER THE INTERESTED PARTY PROVIDES ALL PERTINENT DETAILS REGARDING THE POTENTIAL CONFLICT, THE SUBJECT OFFICER, DIRECTOR, OR KEY EMPLOYEE IS RECUSED FROM ANY FURTHER DISCUSSION, DELIBERATION OR VOTING ON THE MATTER. THE GOVERNING BODY OR A RELEVANT COMMITTEE WILL THEN REVIEW THE POTENTIAL CONFLICT AND DETERMINE AN APPROPRIATE COURSE OF ACTION IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR EMPLOYEES OR CONTRACTORS OVER $50,000 IS REVIEWED AND APPROVED BY THE DIRECTORS BASED UPON COMPARABILITY ANALYSIS AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, POLICIES, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: INTERCOMPANY TRANSFERS 10,886. PV OF GRANTS PAYABLE ADJUSTMENT -1,865,107. ROUNDING 1. NATIONAL CHRISTIAN CHARITABLE FOUNDATION INC 11625 RAINWATER DRIVE SUITE 500 ALPHARETTA GA 30009 581493949 DISTRIBUTIONS TO OR FOR CHRISTIAN CHURCHES & OTHER CHARITIES GA 501 (C) (3) LINE 7 0 HELPING HANDS CHARITABLE FOUNDATION INC 135 MAIN STREET TALLULAH FALLS GA 30573 208670440 DISTRIBUTIONS TO INDIVIDUALS IN NEED GA 501 (C) (3) LINE 7 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 NATIONAL CHRISTIAN CHARITABLE FOUNDATION INC B 42389 CASH NATIONAL CHRISTIAN CHARITABLE FOUNDATION INC C 2312567 CASH PART II SEE FORM 990 FOR NCCF FOR A COMPREHENSIVE LIST OF ALL RELATED ORGANIZATIONS.