FULLMER LEGACY FOUNDATION
Mission Statement
Impact the physical, mental, and emotional well-being for participants of all backgrounds by offering training, support and mentorship through Fullmer Legacy Center sponsored programs by: 1. Supporting the Fullmer Boxing amateur boxing program. 2. Constructing the Fullmer Legacy Center (FLC). The FLC will become a permanent community sports complex for Fullmer Boxing programs, an event space for local, regional, and national amateur boxing tournaments and a shared community space with South Jordan City and Salt Lake County. 3. Expanding health and fitness programs for community members of abilities including women, seniors and those living with neurological disorders such as Parkinson’s disease.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
44.2% | 86.8% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
53.4% | 9.8% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.4% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
536.1 mo | 6.7 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.8% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
94.7% | 94.4% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-20.0% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-45.6% | 10.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
92.2% | 2.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.1M | $162K | $7.2M | 44.2% | 1 |
| 2023 | $2.6M | $297K | $5.4M | 85.8% | 1 |
| 2022 | $333K | $90K | $2.9M | 51.5% | 1 |
| 2021 | $660K | $103K | N/A | — | 0 |
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