Legacy Academy
- Assets
- $12.3m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 91
- Location
- Elizabeth, CO
- Founding
- 04/2000
- Data as of
- 06/2022
- EIN
- 84-1413963
Organization Overview
Legacy Academy is located in Elizabeth, CO. The organization was established in 2000. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Legacy Academy employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy 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 06/2022, Legacy Academy generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 6.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.THE MISSION OF LEGACY ACADEMY IS TO GUIDE STUDENTS IN THE DEVELOPMENT OF THEIR CHARACTER AND ACADEMIC POTENTIAL THROUGH AN ACADEMICALLY RIGOROUS, CONTENT-RICH ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION TO STUDENTS IN K-8TH GRADE, BENEFITING APPROXIMATELY 498 STUDENTS, INCLUDING A BEFORE & AFTER PROGRAM AT SCHOOL AND A HOMESCHOOL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Thorn Executive Director | Officer | 40 | $90,667 |
Matt Fonte Treasurer | OfficerTrustee | 2 | $0 |
Chris Wendel Secretary | OfficerTrustee | 1 | $0 |
Matt Ledesma President | OfficerTrustee | 2 | $0 |
Thomas Holm Director | Trustee | 1 | $0 |
Kristal Watson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $475,738 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,451 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $484,189 |
| Total Program Service Revenue | $4,534,926 |
| Investment income | $24,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,371 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$24 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,521,082 |
| 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. | $131,644 |
| Compensation of current officers, directors, key employees. | $131,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,170,311 |
| Pension plan accruals and contributions | $263,601 |
| Other employee benefits | $298,350 |
| Payroll taxes | $37,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,318 |
| Fees for services: Accounting | $7,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $553,210 |
| Advertising and promotion | $16,726 |
| Office expenses | $19,952 |
| Information technology | $221,969 |
| Royalties | $0 |
| Occupancy | $167,063 |
| Travel | $27,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $401,331 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $301,599 |
| Insurance | $34,213 |
| All other expenses | $12,647 |
| Total functional expenses | $4,817,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,167 |
| Savings and temporary cash investments | $2,173,120 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,030 |
| 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 | $1,162,475 |
| Net Land, buildings, and equipment | $8,838,969 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,265,761 |
| Accounts payable and accrued expenses | $211,051 |
| Grants payable | $0 |
| Deferred revenue | $61,186 |
| Tax-exempt bond liabilities | $8,782,071 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,734,831 |
| Total liabilities | $14,789,139 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$2,671,470 |
| Paid-in or capital surplus, or land, building, or equipment fund | $148,092 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,265,761 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Legacy Academy has recieved totaling $346.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $346 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Heritage Schools Inc American Fork, UT | $76,345,416 | $17,728,637 |
Vail Mountain School Vail, CO | $56,713,678 | $17,984,280 |
Harvest Power Community Development Group Inc Yuma, AZ | $16,728,343 | $18,038,703 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
St Annes Episcopal School Inc Denver, CO | $46,260,720 | $15,462,450 |
Highline Academy Incorporation Denver, CO | $14,864,642 | $15,484,851 |
Legacy Traditional School-Phoenix Chandler, AZ | $39,660,573 | $11,666,395 |
Cibecue Community Education Board Inc Cibecue, AZ | $19,497,767 | $20,057,835 |
Aspen Country Day School Inc Aspen, CO | $49,647,660 | $11,714,828 |
Stanley British Primary School Denver, CO | $27,048,051 | $12,840,906 |
Denver Christian Schools Lakewood, CO | $38,547,145 | $10,170,026 |
Colorado Rocky Mountain School Carbondale, CO | $43,266,692 | $11,922,762 |