Civic Intelligence

The Legacy Charter School

EIN 20-5257052 • 501(c)3 • Greenville, SC

Profile

The mission of legacy charter school is to offer a quality, rigorous, and relevant education program leading to college graduation and empowering underserved urban students to become productive, healthy, principled citizens in a changing society.

900 Woodside AvenueGreenville, SC 29611

www.legacycharterschool.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.67x

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

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

0.89x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

46th percentile

2.9%

Higher net margin than 46% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

49th percentile

5.1%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

41st percentile

3.6%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Down

$18,783,622

Down $14,401,620 (-43%) from 2023

Liabilities

Down

$6,521,819

Down $15,582,295 (-70%) from 2023

Net Assets

Up

$12,261,803

Up $1,180,675 (+11%) from 2023

Revenue

Up

$25,453,657

Up $662,983 (+2.7%) from 2023

Expenses

Up

$25,433,116

Up $1,356,047 (+5.6%) from 2023

Net Income

Down

$20,541

Down $693,064 (-97%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0-$10MAssets 2011: $885,636Liabilities 2011: $356,886Net Assets 2011: $528,7502011Assets 2012: $734,507Liabilities 2012: $707,638Net Assets 2012: $26,8692012Assets 2013: $921,572Liabilities 2013: $1,126,668Net Assets 2013: -$205,0962013Assets 2014: $736,578Liabilities 2014: $898,194Net Assets 2014: -$161,6162014Assets 2015: $1,825,421Liabilities 2015: $976,158Net Assets 2015: $849,2632015Assets 2016: $1,804,656Liabilities 2016: $974,511Net Assets 2016: $830,1452016Assets 2017: $2,919,604Liabilities 2017: $1,464,892Net Assets 2017: $1,454,7122017Assets 2018: $5,302,851Liabilities 2018: $1,730,597Net Assets 2018: $3,572,2542018Assets 2019: $6,283,174Liabilities 2019: $1,708,514Net Assets 2019: $4,574,6602019Assets 2020: $10,552,656Liabilities 2020: $5,948,895Net Assets 2020: $4,603,7612020Assets 2021: $11,865,335Liabilities 2021: $2,530,683Net Assets 2021: $9,334,6522021Assets 2022: $31,563,963Liabilities 2022: $21,196,440Net Assets 2022: $10,367,5232022Assets 2023: $33,185,242Liabilities 2023: $22,104,114Net Assets 2023: $11,081,1282023Assets 2024: $18,783,622Liabilities 2024: $6,521,819Net Assets 2024: $12,261,8032024

Highlighted filing

2024

Assets$18,783,622
Liabilities$6,521,819
Net Assets$12,261,803

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2011: $5,137,9572011Expenses 2012: $6,342,6572012Expenses 2013: $8,523,0562013Revenue 2014: $10,892,145Expenses 2014: $10,848,665Net Income 2014: $43,4802014Revenue 2015: $12,424,000Expenses 2015: $12,028,156Net Income 2015: $395,8442015Revenue 2016: $13,683,177Expenses 2016: $13,702,295Net Income 2016: -$19,1182016Revenue 2017: $14,700,443Expenses 2017: $14,075,876Net Income 2017: $624,5672017Revenue 2018: $18,367,562Expenses 2018: $16,250,022Net Income 2018: $2,117,5402018Revenue 2019: $18,938,184Expenses 2019: $17,935,778Net Income 2019: $1,002,4062019Revenue 2020: $19,023,173Expenses 2020: $18,994,072Net Income 2020: $29,1012020Revenue 2021: $23,115,805Expenses 2021: $18,559,680Net Income 2021: $4,556,1252021Revenue 2022: $23,931,209Expenses 2022: $22,898,343Net Income 2022: $1,032,8662022Revenue 2023: $24,790,674Expenses 2023: $24,077,069Net Income 2023: $713,6052023Revenue 2024: $25,453,657Expenses 2024: $25,433,116Net Income 2024: $20,5412024

Highlighted filing

2024

Revenue$25,453,657
Expenses$25,433,116
Net Income$20,541

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.8$6.52$12.3$25.5$25.4$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.2$22.1$11.1$24.8$24.1$0.71
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.6$21.2$10.4$23.9$22.9$1.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$2.53$9.33$23.1$18.6$4.56
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$5.95$4.60$19.0$19.0$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.28$1.71$4.57$18.9$17.9$1.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.30$1.73$3.57$18.4$16.3$2.12
2017Summary only. Only limited summary data is available for this year.$2.92$1.46$1.45$14.7$14.1$0.62
2016Detailed filing. Detailed filing data is available for this year.$1.80$0.97$0.83$13.7$13.7$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.83$0.98$0.85$12.4$12.0$0.40
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.90$0.16$10.9$10.8$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$1.13$0.21$8.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.71$0.03$6.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.36$0.53$5.14
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 23, 2021
Return Version
2019v5.0
Gross Receipts
$19,023,173
Mission and Program Overview

Mission

The mission of legacy charter school is to offer a quality, rigorous, and relevant education program leading to college graduation and empowering underserved urban students to become productive, healthy, principled citizens in a changing society.

An alternative education choice for parents and students of greenville county, sc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,161,433$5,805,251▲ $2,643,818
Accounts Receivable$2,073,868$2,806,816▲ $732,948
Land, Buildings, and Equipment, Net$955,690$1,420,439▲ $464,749
Savings and Temporary Cash Investments-$432,766-
Prepaid Expenses and Deferred Charges$92,183$87,384▼ $4,799
Total Assets$6,283,174$10,552,656▲ $4,269,482
Liabilities
Mortgage Notes Payable Secured by Investment Property-$2,703,641-
Accounts Payable and Accrued Expenses$1,141,544$2,695,407▲ $1,553,863
Deferred Revenue$566,970$549,847▼ $17,123
Total Liabilities$1,708,514$5,948,895▲ $4,240,381
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,507,386$4,509,658▲ $2,272
Net Assets With Donor Restrictions$67,274$94,103▲ $26,829
Total Net Assets Fund Balance$4,574,660$4,603,761▲ $29,101
Total Liabilities and Net Assets / Fund Balance$6,283,174$10,552,656▲ $4,269,482

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,119,910$869,838$1,989,748
Leasehold Improvements$300,529$202,252$502,781
Compensation and Service Providers

Board Members and Trustees

NameTitle
Adela MendozaDirector
Carl SteckerDirector
Charles E BrewerDirector
David MitchellDirector
Glenn HeadDirector
Helen IrbyDirector
Joseph F SullivanDirector
Llyn StrongDirector
Steve LanzlDirector/sec
Mark CrockerDirector/tre
Cary H HallDirector/v.p
William W BrownExec. Dir/bo

Highest Paid Contractors

ContractorServicesLocationCompensation
A To Z Speech TherapySpeech Therapy202 BRITON WAY, Greenville, SC 29615$149,831
Revenue and Support

Revenue Composition

Contributions and Grants
$18,882,523
Program Service Revenue
$77,266
Investment Income
$37,775
Other Revenue
$25,609
All Other Contributions
$283,072
Change in Net Assets
$29,101

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,023,173
Revenue Not Reported on Form 990
$-197,105
Total Revenue per Audited Statements
$18,826,068
Total Revenue per Form 990
$19,023,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,521,820
Other Expenses$5,472,252
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,882,534$1,736,728-$9,619,262
Pension Plan Contributions$1,741,308$354,322-$2,095,630
Fees for Services Other$1,590,851$464,570-$2,055,421
Occupancy$1,289,563$32,012-$1,321,575
Other Employee Benefits$926,041$163,753-$1,089,794
Payroll Taxes$586,495$130,639-$717,134
Information Technology$344,611$40,833-$385,444
Depreciation Depletion$166,579$119,459-$286,038
All Other Expenses$214,596$878-$215,474
Insurance$22,519$149,793-$172,312
Other Expenses$112,865$961-$112,865
Office Expenses$40,752$30,299-$71,051
Fees for Services Accounting-$22,495-$22,495
Travel$5,273$12,322-$17,595
Advertising$800$10,739-$11,539
Interest-$11,353-$11,353
Total Functional Expenses$15,519,246$3,474,826$0$18,994,072

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,994,072
Total Expenses per Form 990$18,994,072
Total Expenses per Audited Statements$18,796,967
Expenses Not Reported on Form 990$-197,105
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
-See BelowRentNo$990,000
-See BelowContribution FromNo$90,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
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, Page 6, Part VI, Line 11B

The board chairman, treasurer and finance director review the return before it is filed.

Form 990, Page 6, Part VI, Line 12C

All board members are annually required to complete and submit a conflict of interest form.

Form 990, Page 6, Part VI, Line 15A

The school uses the greenville county school salaries as a basis for professional staff. Non-professional staff wages are determined using local current market wages paid. The board sets the principal's salary. The principal and assistant principal together set the wages of the remaining staff.

Form 990, Page 6, Part VI, Line 15B

The school uses the greenville county school salaries as a basis for professional staff. Non-professional staff wages are determined using local current market wages paid. The board sets the principal's salary. The principal and assistant principal together set the wages of the remaining staff.

Form 990, Page 6, Part VI, Line 19

These documents are available if requested in person or by mail.

Filing and Contact Details

Filer

Filer Name
Legacy Early College
EIN
20-5257052
Phone
8642480646
Address
900 WOODSIDE AVENUE, GREENVILLE, SC 29611

Signing Officer

Name
William W Brown
Title
Exec. Dir/board CHR
Phone
8642713698
Signed
2021-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William W Brown
Formed
2004
Legal Domicile
Sc
Voting Board Members
12
Independent Board Members
12
Employees
323
Volunteers
87

Preparer

Firm
Greene Finney Llp
Address
211 E BUTLER RD STE C6, MAULDIN, SC 29662
Preparer
Susan Denise Eidson CPA
Phone
8644517381
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of legacy early college is to offer a quality, rigurous, and relevant education program leading to college graduation and empowering underserved urban students to become productive, healthy, principled citizens in a changing society.

Form 990, Page 1, Part I, Line 6

Estimated 522 volunteer hours in 2019/2020.

Form 990, Part IX, Line 11G

Food service 997,592 0 0 improvement 278,600 0 0 instructional 2,629 0 0 miscellaneous 0 1,363 0 other 10,525 0 0 other professional 0 280,717 0 professional/technical 69,404 152,515 0 staff 18,153 4,244 0 student 213,948 0 0 data processing 0 23,673 0 legal 0 2,058 0 total 1,590,851 464,570 0

Form 990, Part XI, Line 9

Peba credit -197,105 peba income 197,105

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

PEBA CREDIT -197,105

Schedule D, Page 4, Part XII, Line 2D

PEBA INCOME -197,105

Schedule D, Page 4, Part XIII

Opeb and pension liability are required by governmental accounting standards. The expenses associated with the change in balance of these accounts is recorded on the audited financial statements but are not a true expense of legacy early college. Total expenses per the audited financial statements are 20,782,108. Adding the change in pension and opeb liability amount of 1,985,141 to schedule d, part xii, line 1 reconciles to the audited statements.

Raw XML AppendixShowing 400 of 493 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE MISSION OF LEGACY EARLY COLLEGE IS TO OFFER A QUALITY, RIGUROUS, AND RELEVANT EDUCATION PROGRAM LEADING TO COLLEGE GRADUATION AND EMPOWERING UNDERSERVED URBAN STUDENTS TO BECOME PRODUCTIVE, HEALTHY, PRINCIPLED CITIZENS IN A CHANGING SOCIETY.
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IRS990/PrincipalOfficerNm0WILLIAM W BROWN
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PEBA CREDIT -197,105
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PEBA INCOME -197,105
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2OPEB AND PENSION LIABILITY ARE REQUIRED BY GOVERNMENTAL ACCOUNTING STANDARDS. THE EXPENSES ASSOCIATED WITH THE CHANGE IN BALANCE OF THESE ACCOUNTS IS RECORDED ON THE AUDITED FINANCIAL STATEMENTS BUT ARE NOT A TRUE EXPENSE OF LEGACY EARLY COLLEGE. TOTAL EXPENSES PER THE AUDITED FINANCIAL STATEMENTS ARE 20,782,108. ADDING THE CHANGE IN PENSION AND OPEB LIABILITY AMOUNT OF 1,985,141 TO SCHEDULE D, PART XII, LINE 1 RECONCILES TO THE AUDITED STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0INFORMATION IS PROVIDED ON THE SCHOOL'S WEBSITE. THE SCHOOL IS A PUBLIC SCHOOL AND ABIDES BY ALL STATE AND FEDERAL REGULATIONS REGARDING DISCRIMINATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1LINE 4B - THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL. THEREFORE, IT DOES NOT OFFER SCHOLARSHIPS OR FINANCIAL AID.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES A SIGNIFICANT PORTION OF ITS SUPPORT FROM GOVERNMENTAL UNITS INCLUDING 18,599,451 FROM STATE AND FEDERAL SOURCES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0LEGACY SCHOOL PROPERTIES LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1CAMPBELL YOUNG LEADERS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SEE BELOW
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1SEE BELOW
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1CONTRIBUTION FROM
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0WILLIAM BROWN SERVES AS THE BOARD CHAIR AND EXECUTIVE DIRECTOR OF LEGACY EARLY COLLEGE AND PRESIDENT OF CAMPBELL YOUNG LEADERS, A PRIVATE FOUNDATION. CAMPBELL YOUNG LEADERS CONTRIBUTED 90,000 TO LEGACY EARLY COLLEGE IN 2019-2020. LEGACY SCHOOL PROPERTIES LLC IS A DISREGARDED ENTITY OF CAMPBELL YOUNG LEADERS. EARLY COLLEGE PAID LEGACY SCHOOL PROPERTIES LLC 990,000 FOR FACILITIES RENTAL IN 2019-2020.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF LEGACY EARLY COLLEGE IS TO OFFER A QUALITY, RIGUROUS, AND RELEVANT EDUCATION PROGRAM LEADING TO COLLEGE GRADUATION AND EMPOWERING UNDERSERVED URBAN STUDENTS TO BECOME PRODUCTIVE, HEALTHY, PRINCIPLED CITIZENS IN A CHANGING SOCIETY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ESTIMATED 522 VOLUNTEER HOURS IN 2019/2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD CHAIRMAN, TREASURER AND FINANCE DIRECTOR REVIEW THE RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BOARD MEMBERS ARE ANNUALLY REQUIRED TO COMPLETE AND SUBMIT A CONFLICT OF INTEREST FORM.

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