Legacy Traditional Schools - Nevada Inc
- Assets
- $98.5m
- Revenue
- $39.2m
- Investments
- $0.0
- Employees
- 479
- Location
- Chandler, AZ
- Founding
- 12/2016
- Data as of
- 06/2021
- EIN
- 81-1370901
Organization Overview
Legacy Traditional Schools - Nevada Inc is located in Chandler, AZ. The organization was established in 2016. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Legacy Traditional Schools - Nevada Inc employed 479 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Traditional Schools - Nevada Inc 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 06/2021, Legacy Traditional Schools - Nevada Inc generated $39.2m in total revenue. All expenses for the organization totaled $38.5m during the year ending 06/2021. While expenses have increased by 132.8% per year over the past 5 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
TO PROVIDE ALL STUDENTS WITH OPPORTUNITIES, LEADERSHIP, GUIDANCE, AND SUPPORT TO ACHIEVE ACADEMIC EXCELLENCE IN A SAFE, NEOTRADITIONAL LEARNING ENVIRONMENT, TAUGHT BY CARING, KNOWLEDGEABLE AND HIGHLY EFFECTIVE EDUCATORS IN COOPERATION WITH SUPPORTIVE, INVOLVED FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE CURRENT YEAR, THE ORGANIZATION PROVIDED HIGH QUALITY EDUCATIONAL SERVICES TO 4,395 STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE AT ITS CAMPUSES THROUGHOUT NEVADA. THOSE STUDENTS WERE PROVIDED A WELL-ROUNDED EDUCATION THAT INCLUDES READING, WRITING, MATHEMATICS, SCIENCE, SOCIAL STUDIES, HISTORY, MUSIC, ART, AND PHYSICAL EDUCATION, AS WELL AS EXTRACURRICULAR ACTIVITIES INCLUDING ATHLETICS, CLUBS, FIELD TRIPS, AND DAILY TUTORING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Phillips Vice President | OfficerTrustee | 5 | $0 |
Amanda Pratt President/director | OfficerTrustee | 5 | $0 |
Stephen Steele Treasurer/director | OfficerTrustee | 5 | $0 |
Katy Larrabee Secretary | OfficerTrustee | 5 | $0 |
Kristen Watson Director | Trustee | 5 | $0 |
Melissa Woodbury Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Infosmart Solutions Llc Computer Services | 6/29/20 | $141,504 |
Vertex Education Llc Management Services/bond Fees | 6/29/20 | $3,901,282 |
Provestus Development Solutions Llc Construction Development | 6/29/20 | $918,011 |
Vertex Education Llc Management Services/bond Fees | 6/29/20 | $3,901,282 |
Provestus Development Solutions Llc Construction Development | 6/29/20 | $918,011 |
Infosmart Solutions Llc Computer Services | 6/29/20 | $141,504 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,650,058 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,650,058 |
| Total Program Service Revenue | $564,964 |
| Investment income | $12,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,227,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,256,737 |
| Pension plan accruals and contributions | $6,048,000 |
| Other employee benefits | $2,016,296 |
| Payroll taxes | $410,439 |
| Fees for services: Management | $5,651,965 |
| Fees for services: Legal | $23,168 |
| Fees for services: Accounting | $19,257 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $821,625 |
| Advertising and promotion | $68,171 |
| Office expenses | $1,765,499 |
| Information technology | $376,499 |
| Royalties | $0 |
| Occupancy | $611,969 |
| Travel | $8,136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,380,038 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,563,911 |
| Insurance | $118,045 |
| All other expenses | $21,297 |
| Total functional expenses | $38,451,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,452,558 |
| Savings and temporary cash investments | $7,786,544 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,792,953 |
| 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 | $26,303 |
| Net Land, buildings, and equipment | $59,478,565 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,934,154 |
| Total assets | $98,471,077 |
| Accounts payable and accrued expenses | $3,839,647 |
| Grants payable | $0 |
| Deferred revenue | $1,264,435 |
| Tax-exempt bond liabilities | $75,890,708 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $720,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,210,740 |
| Total liabilities | $107,925,530 |
| Net assets without donor restrictions | -$9,454,453 |
| Net assets with donor restrictions | $0 |
| 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 | $98,471,077 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Legacy Traditional Schools - Nevada Inc has recieved totaling $105.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $105 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rocketship Education Redwood City, CA | $74,871,482 | $120,667,231 |
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Five Keys Schools And Programs San Francisco, CA | $50,545,317 | $97,031,582 |
Inspire Charter Schools Duarte, CA | $15,814,456 | $76,018,441 |
Edkey Inc Mesa, AZ | $135,819,543 | $83,812,049 |
River Springs Charter School Inc Temecula, CA | $93,652,592 | $73,899,584 |
Granada Hills Charter Granada Hills, CA | $124,597,337 | $79,128,584 |
California Online Public Schools San Juan Capistrano, CA | $32,661,705 | $70,303,969 |
Camino Nuevo Charter Academy Los Angeles, CA | $62,441,915 | $60,583,098 |
Gateway Community Charters Mcclellan, CA | $96,780,042 | $72,531,964 |
Visions In Education Carmichael, CA | $94,876,505 | $77,038,173 |
Ofl-Baldwin Park Inc Pasadena, CA | $26,446,895 | $59,505,291 |