Civic Intelligence

Legacy Education Group Inc

990 • Fiscal year 2015 • EIN 06-1740978

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 13, 2016

7420 East Main StreetMesa, AZ 85207

(480) 981-2008

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

5.51x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

82nd percentile

0.75x

Higher debt load relative to revenue than 82% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

78th percentile

18%

Higher net margin than 78% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

54th percentile

$70,961

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

3rd percentile

-35%

Faster asset growth than 3% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

83rd percentile

32%

Faster revenue growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$250,818

Down $134,579 (-35%) from 2014

Net Assets

Up

-$1,130,080

Up $340,387 (+23%) from 2014

Liabilities

Down

$1,380,898

Down $474,966 (-26%) from 2014

Revenue

Up

$1,840,537

Up $444,142 (+32%) from 2014

Expenses

Down

$1,500,152

Down $449,276 (-23%) from 2014

Net Income

Up

$340,385

Up $893,418 (+162%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $81,698Liabilities 2011: $105,606Net Assets 2011: -$23,9082011Assets 2012: $108,478Liabilities 2012: $738,576Net Assets 2012: -$630,0982012Assets 2013: $341,112Liabilities 2013: $1,288,712Net Assets 2013: -$947,6002013Assets 2014: $385,397Liabilities 2014: $1,855,864Net Assets 2014: -$1,470,4672014Assets 2015: $250,818Liabilities 2015: $1,380,898Net Assets 2015: -$1,130,0802015Assets 2016: $305,983Liabilities 2016: $1,417,749Net Assets 2016: -$1,111,7662016Assets 2017: $213,002Liabilities 2017: $292,665Net Assets 2017: -$79,6632017Assets 2018: $412,997Liabilities 2018: $276,935Net Assets 2018: $136,0622018Assets 2020: $548,013Liabilities 2020: $462,288Net Assets 2020: $85,7252020Assets 2021: $635,498Liabilities 2021: $251,871Net Assets 2021: $383,6272021Assets 2022: $789,804Liabilities 2022: $184,043Net Assets 2022: $605,7612022Assets 2023: $1,489,784Liabilities 2023: $828,783Net Assets 2023: $661,0012023Assets 2024: $831,792Liabilities 2024: $180,474Net Assets 2024: $651,3182024

Highlighted filing

2015

Assets$250,818
Liabilities$1,380,898
Net Assets-$1,130,080

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,581,088Expenses 2011: $1,596,520Net Income 2011: -$15,4322011Revenue 2012: $1,376,159Expenses 2012: $1,840,586Net Income 2012: -$464,4272012Revenue 2013: $1,422,139Expenses 2013: $1,963,143Net Income 2013: -$541,0042013Revenue 2014: $1,396,395Expenses 2014: $1,949,428Net Income 2014: -$553,0332014Revenue 2015: $1,840,537Expenses 2015: $1,500,152Net Income 2015: $340,3852015Revenue 2016: $1,479,954Expenses 2016: $1,274,473Net Income 2016: $205,4812016Revenue 2017: $2,465,037Expenses 2017: $1,406,073Net Income 2017: $1,058,9642017Revenue 2018: $1,697,361Expenses 2018: $1,481,636Net Income 2018: $215,7252018Revenue 2020: $1,695,968Expenses 2020: $1,857,450Net Income 2020: -$161,4822020Revenue 2021: $2,110,527Expenses 2021: $1,812,625Net Income 2021: $297,9022021Revenue 2022: $2,275,021Expenses 2022: $2,052,887Net Income 2022: $222,1342022Revenue 2023: $2,460,687Expenses 2023: $2,224,015Net Income 2023: $236,6722023Revenue 2024: $2,214,853Expenses 2024: $2,224,536Net Income 2024: -$9,6832024

Highlighted filing

2015

Revenue$1,840,537
Expenses$1,500,152
Net Income$340,385
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 13, 2016
Return Version
2014v6.0
Gross Receipts
$1,840,537
Mission and Program Overview

Mission

Provide education for high school students.

Provide education for high school students

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$207,756$186,993▼ $20,763
Cash and Non-Interest-Bearing Accounts$74,984$39,596▼ $35,388
Accounts Receivable$102,657$24,229▼ $78,428
Loans From Officers Directors-$19,700-
Total Assets$385,397$250,818▼ $134,579
Liabilities
Other Liabilities$1,483,381$1,108,438▼ $374,943
Accounts Payable and Accrued Expenses$329,922$198,264▼ $131,658
Deferred Revenue$42,561$54,496▲ $11,935
Total Liabilities$1,855,864$1,380,898▼ $474,966
Net Assets / Fund Balance
Unrestricted Net Assets$-1,470,467$-1,130,080▲ $340,387
Total Net Assets Fund Balance$-1,470,467$-1,130,080▲ $340,387
Total Liabilities and Net Assets / Fund Balance$385,397$250,818▼ $134,579

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$172,084$104,189$276,273
Equipment$14,909$242,750$257,659
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Vance DanzyPresientFT$70,961$70,961
Kathy TolmanPresidentFT$47,860$47,860

Board Members and Trustees

NameTitle
Don WaskiewiczDirector
Michael ClementDirector
Rodney TolmanDirector
Sheila DuttonDirector
Sheri SkousenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$100
Program Service Revenue
$1,210,998
Investment Income
$0
Other Revenue
$629,439
All Other Contributions
$100
Change in Net Assets
$340,385

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,840,537
Total Revenue per Audited Statements
$1,840,537
Total Revenue per Form 990
$1,840,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$781,352
Other Expenses$718,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$595,338$105,060-$700,398
Occupancy$405,709$71,596-$477,305
Other Employee Benefits$68,811$12,143-$80,954
All Other Expenses$59,217$4,740-$63,957
Other Expenses$36,789$6,492-$43,281
Depreciation Depletion$17,712$3,053-$20,765
Information Technology$14,133$2,494-$16,627
Fees for Services Other$9,350$1,650-$11,000
Insurance$8,016$1,415-$9,431
Conferences and Meetings$1,024$181-$1,205
Interest-$500-$500
Travel$136$24-$160
Total Functional Expenses$1,279,618$220,534$0$1,500,152

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,541,616
Expenses per Audited Statements$1,500,152
Total Expenses per Form 990$1,500,152
Expenses Not Reported on Form 990$41,464
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-A board member of the organization ownes the companyRentNo$348,931

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$19,700-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$1,108,438
Payable to other agency-
Rent Payable- Related Party-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

BOD reviews and approves 990.

Form 990, Part VI, Section B, Line 12C

Management and staff report potential conflicts to the BOD for action as needed.

Form 990, Part VI, Section B, Line 15

BOD sets compensation based upon comparable pay scales in the area.

Form 990, Part VI, Section C, Line 18

Upon request.

Form 990, Part VI, Section C, Line 19

Upon request.

Filing and Contact Details

Filer

Filer Name
Legacy Education Group Inc
EIN
06-1740978
Phone
4809812008
Address
7420 East Main Street, Mesa, AZ 85207

Signing Officer

Name
Kathy Tolman
Title
President
Signed
2016-01-13
Discuss with paid preparer
No

Organization Details

Principal Officer
Kathy Tolman
Formed
2004
Legal Domicile
Az
Voting Board Members
7
Independent Board Members
4
Employees
37

Preparer

Firm
Darin Guthrie CPA PLLC
Address
5956 E Pima Street Suite 120, Tucson, AZ 85712
Preparer
Kenneth R Scott CPA
Phone
5202074518
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2B

BOD approves selection of auditor and audit.

Form 990, Part XI, Line 9

Rounding adjustment

Financial Statement Notes

XII 4B

Book to tax difference in depreciation.

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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01840537
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01211098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01387801
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01374780
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01365907
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01581088
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06920674
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99050
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.99110
IRS990ScheduleA/PublicSupportTotal170Amt06920674
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01211098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01387801
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01374780
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01365907
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01581088
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06920674
IRS990ScheduleA/TotalSupportAmt06986755
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt02200
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt06270
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt047359
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt010252
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt066081
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt014909
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0242750
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0257659
IRS990ScheduleD/ExpensesNotReportedAmt041464
IRS990ScheduleD/ExpensesSubtotalAmt01500152
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0172084
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0104189
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0276273
IRS990ScheduleD/OtherExpensesIncludedAmt041464
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01108438
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payable to other agency
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Rent Payable- Related Party
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt01840537
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Book to tax difference in depreciation.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XII 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0186993
IRS990ScheduleD/TotalExpensesPerForm990Amt01500152
IRS990ScheduleD/TotalLiabilityAmt01108438
IRS990ScheduleD/TotalRevenuePerForm990Amt01840537
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01840537
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01541616
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0KJ Land Company
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0A board member of the organization ownes the company
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0348931
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Rent
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt019000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1700
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Operating loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Operating loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt019000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1700
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Rodney W Tolman
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Kathy Tolman
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt019700
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOD reviews and approves 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Management and staff report potential conflicts to the BOD for action as needed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOD sets compensation based upon comparable pay scales in the area.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOD approves selection of auditor and audit.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Rounding adjustment
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AZ
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0385397
IRS990/TotalAssetsEOYAmt0250818
IRS990/TotalAssetsGrp/BOYAmt0385397
IRS990/TotalAssetsGrp/EOYAmt0250818
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0100
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0220534
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01279618
IRS990/TotalFunctionalExpensesGrp/TotalAmt01500152
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01855864
IRS990/TotalLiabilitiesEOYAmt01380898
IRS990/TotalLiabilitiesGrp/BOYAmt01855864
IRS990/TotalLiabilitiesGrp/EOYAmt01380898
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1470467
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1130080
IRS990/TotalProgramServiceExpensesAmt01279618
IRS990/TotalProgramServiceRevenueAmt01210998
IRS990/TotalReportableCompFromOrgAmt0118821
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01840437
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01840537

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