Legacy Christian Academy
- Assets
- $42.3m
- Revenue
- $19.7m
- Investments
- $0.0
- Employees
- 253
- Location
- Frisco, TX
- Founding
- 11/1999
- Data as of
- 07/2021
- EIN
- 75-2805332
Organization Overview
Legacy Christian Academy is located in Frisco, TX. The organization was established in 1999. 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 07/2021, Legacy Christian Academy employed 253 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 07/2021, Legacy Christian Academy generated $19.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $21.2m during the year ending 07/2021. While expenses have increased by 8.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION PK-12 - LEGACY CHRISTIAN ACADEMY IS DEDICATED TO THE DEVELOPMENT OF ACADEMIC EXCELLENCE AND THE SPIRITUAL GROWTH OF ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGACY CHRISTIAN ACADEMY IS DEDICATED TO THE DEVELOPMENT OF ACADEMIC EXCELLENCE AND THE SPIRITUAL GROWTH OF ITS 976 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William D Mcgee Head Of School | Officer | 40 | $302,453 |
Kevin Mosley Upper School Principal | 40 | $136,730 | |
Shannon Nelson Chief Advancement Officer | 40 | $133,043 | |
Gene Potts Chief Financial Officer | Officer | 40 | $130,218 |
Daniel Townsley Chief Academic Officer | Officer | 40 | $129,101 |
Joy Bell Middle School Principal | 40 | $125,636 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Insperity (Peo) Payroll And Hr Services | 7/30/21 | $385,683 |
Sage Dining Services Inc Food Services | 7/30/21 | $223,954 |
American Transfers & Tours Transportation | 7/30/21 | $137,801 |
Joshua Expeditions Mission Trip Planning | 7/30/21 | $214,360 |
Enterprises Ju Maintenance And Janitorial | 7/30/21 | $325,230 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,290 |
| Related organizations | $0 |
| Government grants | $286,927 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,342,587 |
| Noncash contributions included in lines 1a–1f | $53,784 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,667,804 |
| Total Program Service Revenue | $17,822,735 |
| Investment income | $170,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,703 |
| Net Income from Fundraising Events | $9,972 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,746,777 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,163,838 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,028,451 |
| Compensation of current officers, directors, key employees. | $499,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,365,324 |
| Pension plan accruals and contributions | $320,852 |
| Other employee benefits | $2,471,330 |
| Payroll taxes | $833,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,876 |
| Fees for services: Accounting | $31,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $32,572 |
| Fees for services: Investment Management | $49,796 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,346 |
| Office expenses | $682,079 |
| Information technology | $97,523 |
| Royalties | $0 |
| Occupancy | $1,018,909 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $108,110 |
| Interest | $348,246 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,535,929 |
| Insurance | $226,222 |
| All other expenses | $75,004 |
| Total functional expenses | $21,172,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,177,120 |
| Pledges and grants receivable | $301,927 |
| Accounts receivable, net | $121,273 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,709 |
| Prepaid expenses and deferred charges | $808,364 |
| Net Land, buildings, and equipment | $34,336,551 |
| Investments—publicly traded securities | $4,477,010 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,489 |
| Total assets | $42,279,443 |
| Accounts payable and accrued expenses | $903,512 |
| Grants payable | $0 |
| Deferred revenue | $9,516,447 |
| 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 | $7,363,767 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $174,374 |
| Total liabilities | $17,958,100 |
| Net assets without donor restrictions | $23,941,524 |
| Net assets with donor restrictions | $379,819 |
| 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 | $42,279,443 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Legacy Christian Academy has recieved totaling $112,828.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $47,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $34,787 |
El Paso Community Foundation El Paso, TX PURPOSE: South campus Library Renovation | $25,000 |
Celanese Foundation Irving, TX PURPOSE: CHARITABLE CONTRIBUTION | $2,800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,341 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |
Fort Worth Country Day School Inc Fort Worth, TX | $119,263,068 | $39,582,011 |
Faith Family Kids Inc Desoto, TX | $30,662,985 | $39,123,210 |
Isidore Newman School New Orleans, LA | $70,350,338 | $38,233,388 |
Aplus Charter Schools Inc Dallas, TX | $53,044,254 | $32,813,961 |
Trinity Valley School Fort Worth, TX | $129,853,781 | $31,929,734 |
Saint Marys Hall Inc San Antonio, TX | $128,500,252 | $28,063,566 |
Lafayette Charter Foundation Inc Lafayette, LA | $33,304,298 | $27,089,084 |