Civic Intelligence

Legacy Secondary Schools Inc.

990 • Fiscal year 2014 • EIN 26-2215217

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 03, 2014

27680 Dickason Drive91355

(661) 257-7377

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.63x

Higher debt load relative to assets than 83% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

76th percentile

0.48x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

70th percentile

11%

Higher net margin than 70% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

74th percentile

12%

Faster asset growth than 74% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$3,337,853

Up $369,359 (+12%) from 2013

Net Assets

Up

$1,220,479

Up $504,643 (+70%) from 2013

Liabilities

Down

$2,117,374

Down $135,284 (-6.0%) from 2013

Revenue

$4,393,782

No earlier filing loaded for comparison.

Expenses

Down

$3,889,139

Down $447,230 (-10%) from 2013

Net Income

$504,643

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $2,968,494Liabilities 2013: $2,252,658Net Assets 2013: $715,8362013Assets 2014: $3,337,853Liabilities 2014: $2,117,374Net Assets 2014: $1,220,4792014Assets 2015: $3,387,840Liabilities 2015: $1,844,492Net Assets 2015: $1,543,3482015Assets 2016: $3,138,243Liabilities 2016: $1,178,243Net Assets 2016: $1,960,0002016Assets 2017: $3,237,098Liabilities 2017: $916,418Net Assets 2017: $2,320,6802017Assets 2018: $3,244,679Liabilities 2018: $814,789Net Assets 2018: $2,429,8902018Assets 2019: $3,208,238Liabilities 2019: $434,789Net Assets 2019: $2,773,4492019Assets 2020: $3,867,908Liabilities 2020: $374,789Net Assets 2020: $3,493,1192020Assets 2021: $3,988,714Liabilities 2021: $60,000Net Assets 2021: $3,928,7142021Assets 2022: $3,200,715Liabilities 2022: $210,000Net Assets 2022: $2,990,7152022

Highlighted filing

2014

Assets$3,337,853
Liabilities$2,117,374
Net Assets$1,220,479

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2013: $4,336,3692013Revenue 2014: $4,393,782Expenses 2014: $3,889,139Net Income 2014: $504,6432014Revenue 2015: $4,990,129Expenses 2015: $4,667,260Net Income 2015: $322,8692015Revenue 2016: $5,628,631Expenses 2016: $5,211,979Net Income 2016: $416,6522016Revenue 2017: $5,989,574Expenses 2017: $5,628,894Net Income 2017: $360,6802017Revenue 2018: $6,296,494Expenses 2018: $6,187,284Net Income 2018: $109,2102018Revenue 2019: $6,204,138Expenses 2019: $5,860,581Net Income 2019: $343,5572019Revenue 2020: $6,253,916Expenses 2020: $5,534,246Net Income 2020: $719,6702020Revenue 2021: $6,809,194Expenses 2021: $6,373,599Net Income 2021: $435,5952021Revenue 2022: $6,761,544Expenses 2022: $7,699,544Net Income 2022: -$938,0002022

Highlighted filing

2014

Revenue$4,393,782
Expenses$3,889,139
Net Income$504,643
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 3, 2014
Return Version
2013v3.0
Gross Receipts
$4,428,391
Mission and Program Overview

Mission

We are committed to providing a comprehensive, rigorous, and well-rounded preparatory education to students within a christian, family-oriented, safe learning environment. We are dedicated to the pursuit of academic excellence and the development of christian character.

See schedule o for organization mission statementwe are committed to providing a comprehensive, rigorous, and well-rounded preparatory education to students within a christian, family-oriented, safe learning environment. We are dedicated to the pursuit of academic excellence and the development of christian character.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$2,192,658$2,057,374▼ $135,284
Cash and Non-Interest-Bearing Accounts$189,604$506,014▲ $316,410
Land, Buildings, and Equipment, Net$379,093$366,775▼ $12,318
Total Assets$2,968,494$3,337,853▲ $369,359
Other Assets Total$2,399,797$2,465,064▲ $65,267
Liabilities
Deferred Revenue$60,000$60,000→ $0
Total Liabilities$2,252,658$2,117,374▼ $135,284
Net Assets / Fund Balance
Unrestricted Net Assets$715,836$1,220,479▲ $504,643
Total Net Assets Fund Balance$715,836$1,220,479▲ $504,643
Total Liabilities and Net Assets / Fund Balance$2,968,494$3,337,853▲ $369,359

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$366,775$60,155$426,930
Other Land Buildings$0$21,281$21,281
Other Assets Org$90,482--
Compensation and Service Providers

Board Members and Trustees

NameTitle
David PooleChairman
Corkey LeeDirector
Joshua MitchellDirector
Marcus SlattenDirector
Chris HamiltonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,345,230
Investment Income
$890
Other Revenue
$47,662
Change in Net Assets
$504,643
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,063,167
Other Expenses$1,825,972
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,189,155$532,102-$1,721,257
Occupancy$601,380--$601,380
All Other Expenses$270,455$19,371-$289,826
Payroll Taxes$143,025$37,342-$180,367
Other Employee Benefits$111,604$49,939-$161,543
Other Expenses$111,437--$111,437
Insurance$92,645--$92,645
Office Expenses$64,304--$64,304
Advertising$63,470--$63,470
Fees for Services Legal-$29,548-$29,548
Depreciation Depletion-$12,318-$12,318
Total Functional Expenses$3,208,519$680,620$0$3,889,139
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$82,271
Fundraising Direct Expenses$34,609
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$82,271$82,271$34,609$47,662
Total Events$82,271$82,271$34,609$47,662
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$2,192,658$2,057,374▼ $135,284
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Part VI, Section B, Line 11

Line 11a explanation - board review and approval

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

Board oversight and approval

Form 990, Part VI, Section B, Line 15

Board oversight and approval

Form 990, Part VI, Section C, Line 19

No documents available to the public

Filing and Contact Details

Filer

EIN
26-2215217
Phone
6612577377

Signing Officer

Name
Tim Borruel
Title
President
Phone
6612577377
Signed
2014-11-03
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
42
Volunteers
0

Preparer

Preparer
Chris Hamilton CPA Cfe Cva
Phone
8053067890
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11A EXPLANATION - BOARD REVIEW AND APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OVERSIGHT AND APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OVERSIGHT AND APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
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 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02968494
IRS990/TotalAssetsEOYAmt03337853
IRS990/TotalAssetsGrp/BOYAmt02968494
IRS990/TotalAssetsGrp/EOYAmt03337853
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0680620
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03208519
IRS990/TotalFunctionalExpensesGrp/TotalAmt03889139
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02252658
IRS990/TotalLiabilitiesEOYAmt02117374
IRS990/TotalLiabilitiesGrp/BOYAmt02252658
IRS990/TotalLiabilitiesGrp/EOYAmt02117374
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0715836
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01220479
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03208519
IRS990/TotalProgramServiceRevenueAmt04345230
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04393782
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04393782
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02968494
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03337853
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0715836
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01220479
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1027680 DICKASON DRIVE
IRS990/USAddress/City0VALENCIA
IRS990/USAddress/State0CA
IRS990/USAddress/ZIPCode091355
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTP://WWW.LEGACY-CHRISTIAN.COM/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM BORRUEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06612577377
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine10LEGACY SECONDARY SCHOOLS INC
ReturnHeader/Filer/BusinessNameControlTxt0LEGA
ReturnHeader/Filer/EIN0262215217
ReturnHeader/Filer/PhoneNum06612577377
ReturnHeader/Filer/USAddress/AddressLine1027680 DICKASON DRIVE
ReturnHeader/Filer/USAddress/City0VALENCIA
ReturnHeader/Filer/USAddress/State0CA
ReturnHeader/Filer/USAddress/ZIPCode091355
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954557548
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10ARXIS FINANCIAL INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine102468 TAPO CANYON ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0SIMI VALLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode093063
ReturnHeader/PreparerPersonGrp/PhoneNum08053067890
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS HAMILTON CPA CFE CVA
ReturnHeader/ReturnTs02014-11-03T17:02:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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