Legacy Academy
- Assets
- $12.8m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 109
- Location
- Elizabeth, CO
- Founding
- 04/2000
- Data as of
- 06/2023
- 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 06/2023, Legacy Academy employed 109 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 06/2023, Legacy Academy generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $5.5m during the year ending 06/2023. While expenses have increased by 2.4% 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
2023
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 510 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 |
|---|---|---|---|
Matt Ledesma President | OfficerTrustee | 2 | $0 |
Matt Fonte Treasurer | OfficerTrustee | 2 | $0 |
Chris Wendel Director | Trustee | 1 | $0 |
Kristal Watson Director | Trustee | 1 | $0 |
Thomas Holm Director | Trustee | 1 | $0 |
Megan Decker Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $687,348 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $723,251 |
| Total Program Service Revenue | $4,827,339 |
| Investment income | $87,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,900 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $51 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,652,405 |
| 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. | $2,496,045 |
| Compensation of current officers, directors, key employees. | $598,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $390,848 |
| Other employee benefits | $300,808 |
| Payroll taxes | $29,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,228 |
| Fees for services: Accounting | $10,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $975,600 |
| Advertising and promotion | $13,924 |
| Office expenses | $27,267 |
| Information technology | $125,564 |
| Royalties | $0 |
| Occupancy | $189,396 |
| Travel | $26,460 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $390,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $304,201 |
| Insurance | $34,311 |
| All other expenses | $10,642 |
| Total functional expenses | $5,533,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,287 |
| Savings and temporary cash investments | $2,572,262 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,387 |
| 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 | $1,405,980 |
| Net Land, buildings, and equipment | $8,564,921 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,771,837 |
| Accounts payable and accrued expenses | $253,965 |
| Grants payable | $0 |
| Deferred revenue | $62,454 |
| Tax-exempt bond liabilities | $8,539,422 |
| 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 | $6,320,275 |
| Total liabilities | $15,176,116 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$2,516,826 |
| Paid-in or capital surplus, or land, building, or equipment fund | $112,547 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,771,837 |