Legacy Christian Academy
- Assets
- $25.7m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 196
- Location
- Andover, MN
- Founding
- 02/2004
- Data as of
- 06/2024
- EIN
- 41-1868252
Organization Overview
Legacy Christian Academy is located in Andover, MN. The organization was established in 2004. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Legacy Christian Academy employed 196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Christian Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Legacy Christian Academy generated $13.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $10.5m during the year ending 06/2024. While expenses have increased by 10.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
RELIGIOUS EDUCATION FOR PRESCHOOL THROUGH GRADE TWELVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIGIOUS EDUCATION FOR 865 STUDENTS IN PRESCHOOL THROUGH GRADE TWELVE FOR THE 2023-2024 SCHOOL YEAR.OPENED LEGACY'S NEW MIDDLE SCHOOL SPECIFICALLY DESIGNED FOR THE MIDDLE SCHOOL LEARNER, FINISHED THE NEW HIGH SCHOOL ENGINEERING LAB, AND CONTINUED TO FOCUS ON ENGAGING PREK-12TH GRADE STUDENTS IN THEIR LEARNING WHILE MAKING PRACTICAL AND RELEVANT APPLICATIONS TO THE WORLD THEY LIVE IN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Bovee Chairman Of The Board | Trustee | 5 | $0 |
Ben Minks Member | Trustee | 3 | $0 |
Peggy Scott Member | Trustee | 3 | $0 |
Scott Colestock Member | Trustee | 3 | $0 |
Jen Niska Member | Trustee | 3 | $0 |
Paula Heppner Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $331,392 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,250,231 |
| Noncash contributions included in lines 1a–1f | $277,057 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,581,623 |
| Total Program Service Revenue | $10,722,296 |
| Investment income | $185,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,293 |
| Net Income from Fundraising Events | -$59,045 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,433,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,313,269 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $288,943 |
| Compensation of current officers, directors, key employees. | $126,118 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,610,861 |
| Pension plan accruals and contributions | $68,222 |
| Other employee benefits | $829,283 |
| Payroll taxes | $333,404 |
| Fees for services: Management | $242,602 |
| Fees for services: Legal | $9,458 |
| Fees for services: Accounting | $63,386 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,934 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $242,041 |
| Information technology | $59,176 |
| Royalties | $0 |
| Occupancy | $975,298 |
| Travel | $57,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,538 |
| Interest | $2,289 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $421,635 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,457,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,722,255 |
| Savings and temporary cash investments | $2,234,824 |
| Pledges and grants receivable | $101,170 |
| Accounts receivable, net | $90,504 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $89,036 |
| Net Land, buildings, and equipment | $13,274,870 |
| Investments—publicly traded securities | $1,341,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,823,829 |
| Other assets | $0 |
| Total assets | $25,678,444 |
| Accounts payable and accrued expenses | $402,914 |
| Grants payable | $0 |
| Deferred revenue | $2,530,255 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $263,893 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,488,903 |
| Total liabilities | $10,685,965 |
| Net assets without donor restrictions | $14,625,352 |
| Net assets with donor restrictions | $367,127 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,678,444 |