Civic Intelligence

Legacy Traditional School - Maricopa

990 • Fiscal year 2016 • EIN 27-0637575

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 10, 2017

Organization ProfileMARICOPA.LEGACYTRADITIONAL.ORG
3201 S Gilbert Rd Bldg AChandler, AZ 85286-5193

(420) 270-5438

Siviq Scores

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

Liabilities / Assets

97th percentile

1.29x

Higher debt load relative to assets than 97% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

2.49x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

75th percentile

13%

Higher net margin than 75% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

1st percentile

-44%

Faster asset growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2016

Revenue Growth

9th percentile

-34%

Faster revenue growth than 9% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2016

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$16,597,618

Down $37,080,879 (-69%) from 2014

Net Assets

Down

-$4,786,640

Down $2,869,916 (-150%) from 2014

Liabilities

Down

$21,384,258

Down $34,210,963 (-62%) from 2014

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin75th percentile

Revenue

Down

$8,598,031

Down $11,282,673 (-57%) from 2014

Expenses

Down

$7,455,274

Down $11,992,013 (-62%) from 2014

Net Income

Up

$1,142,757

Up $709,340 (+164%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$60M$40M$20M$0-$20MAssets 2011: $16,206,165Liabilities 2011: $18,112,966Net Assets 2011: -$1,906,8012011Assets 2014: $53,678,497Liabilities 2014: $55,595,221Net Assets 2014: -$1,916,7242014Assets 2016: $16,597,618Liabilities 2016: $21,384,258Net Assets 2016: -$4,786,6402016Assets 2017: $15,956,535Liabilities 2017: $20,485,812Net Assets 2017: -$4,529,2772017Assets 2018: $15,859,170Liabilities 2018: $20,095,711Net Assets 2018: -$4,236,5412018Assets 2019: $17,516,410Liabilities 2019: $21,128,347Net Assets 2019: -$3,611,9372019Assets 2020: $17,896,443Liabilities 2020: $20,702,252Net Assets 2020: -$2,805,8092020Assets 2021: $18,281,409Liabilities 2021: $19,898,776Net Assets 2021: -$1,617,3672021Assets 2022: $17,988,339Liabilities 2022: $18,723,269Net Assets 2022: -$734,9302022

Highlighted filing

2016

Assets$16,597,618
Liabilities$21,384,258
Net Assets-$4,786,640
Open 2016 Filing

Operations Trend

Revenue Growth9th percentile

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

$20M$15M$10M$5.0M$0Expenses 2011: $13,593,9682011Revenue 2014: $19,880,704Expenses 2014: $19,447,287Net Income 2014: $433,4172014Revenue 2016: $8,598,031Expenses 2016: $7,455,274Net Income 2016: $1,142,7572016Revenue 2017: $8,356,195Expenses 2017: $8,098,832Net Income 2017: $257,3632017Revenue 2018: $8,517,325Expenses 2018: $8,224,589Net Income 2018: $292,7362018Revenue 2019: $9,720,741Expenses 2019: $9,096,137Net Income 2019: $624,6042019Revenue 2020: $10,804,953Expenses 2020: $9,998,825Net Income 2020: $806,1282020Revenue 2021: $11,917,984Expenses 2021: $10,729,542Net Income 2021: $1,188,4422021Revenue 2022: $11,939,135Expenses 2022: $11,056,698Net Income 2022: $882,4372022

Highlighted filing

2016

Revenue$8,598,031
Expenses$7,455,274
Net Income$1,142,757
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 10, 2017
Return Version
2015v3.0
Gross Receipts
$8,598,031
Mission and Program Overview

Mission

To provide motivated students with the opportunity to achieve academic excellence in an accelerated, back-to-basics, safe learning environment taught by caring, knowledgeable and highly effective educators in cooperation with supportive, involved parents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$40,475,563$10,649,925▼ $29,825,638
Cash and Non-Interest-Bearing Accounts$3,162,233$2,701,080▼ $461,153
Savings and Temporary Cash Investments$6,526,332$2,389,484▼ $4,136,848
Prepaid Expenses and Deferred Charges$1,512,881$554,059▼ $958,822
Accounts Receivable$237,548$98,586▼ $138,962
Inventories for Sale or Use$91,946--
Loans From Officers Directors$27,891$16,193▼ $11,698
Total Assets$52,743,142$16,597,618▼ $36,145,524
Other Assets Total$736,639$204,484▼ $532,155
Liabilities
Tax Exempt Bond Liabilities$56,522,791$20,361,642▼ $36,161,149
Accounts Payable and Accrued Expenses$2,498,966$1,000,698▼ $1,498,268
Other Liabilities$21,281$0▼ $21,281
Deferred Revenue$12,159$5,725▼ $6,434
Total Liabilities$59,083,088$21,384,258▼ $37,698,830
Net Assets / Fund Balance
Unrestricted Net Assets$-6,339,946$-4,786,640▲ $1,553,306
Total Net Assets Fund Balance$-6,339,946$-4,786,640▲ $1,553,306
Total Liabilities and Net Assets / Fund Balance$52,743,142$16,597,618▼ $36,145,524

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,272,988$1,889,530$11,162,518
Land$1,162,221-$1,162,221
Other Land Buildings$135,877$292,714$428,591
Equipment$33,677$121,412$155,089
Leasehold Improvements$45,162$11,252$56,414
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Nathan SchlinkPresident
William GregoryVice President/secretary
Cory TheobaldDirector
Derek SamuelDirector
Jenni FerrinDirector
Brandon JonesCEO
Aaron HaleTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cfe Management Group LLCManagement Services3201 S GILBERT RD BLDG A, Chandler, AZ 85286$2,000,497
Revenue and Support

Revenue Composition

Contributions and Grants
$8,016,030
Program Service Revenue
$467,254
Investment Income
$18,775
Other Revenue
$95,972
All Other Contributions
$32,967
Change in Net Assets
$1,142,757

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,595,531
Revenue Not Reported on Financial Statements
$2,500
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$2,500
Total Revenue per Audited Statements
$8,595,531
Total Revenue per Form 990
$8,598,031
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,954,030
Other Expenses$3,501,244
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,378,365$26,177-$3,404,542
Fees for Services Management$252,306$1,009,225-$1,261,531
Interest$953,050--$953,050
Depreciation Depletion$354,716$36,875-$391,591
Office Expenses$318,819$47,957-$366,776
Other Employee Benefits$255,693$13,636-$269,329
Occupancy$185,527$46,382-$231,909
Payroll Taxes$177,801$9,358-$187,159
Pension Plan Contributions$88,350$4,650-$93,000
All Other Expenses$41,424$3,526-$44,950
Insurance$25,974$6,494-$32,468
Fees for Services Other$31,482--$31,482
Information Technology$18,998$4,750-$23,748
Fees for Services Accounting-$13,608-$13,608
Advertising-$11,613-$11,613
Other Expenses$4,414$2,718-$4,414
Fees for Services Legal$1,635--$1,635
Travel$71$13-$84
Total Functional Expenses$6,212,037$1,243,237$0$7,455,274

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,455,274
Expenses per Audited Statements$7,452,774
Total Expenses per Audited Statements$7,452,774
Expenses Not Reported on Financial Statements$2,500
Other Expense Adjustments$2,500
Expenses Not Reported on Form 990$0
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
-100% CONTROLLED ENTITY OF TWO CURRENT OFFICERSManagement Fees and Advances, Including Accrued InterestNo$1,261,531
-100% CONTROLLED ENTITY OF TWO CURRENT OFFICERSEquipment LeaseNo$32,747

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$27,891$16,193▼ $11,698
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
BThe Industrial Development Authority of the City of Phoenix Arizona2015-04-09$20,449,956FINANCING CHARTER SCHOOL
AThe Industrial Development Authority of the County of Pima2009-08-31$16,040,000FINANCING CHARTER SCHOOL

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$20,449,956--$590,430
A$16,040,000-$165,000$621,213

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Nathan schlink, the organization's president, and cory theobald, director, have a family relationship with the organization's treasurer aaron hale. William gregory, the organization's secretary and vice president, aaron hale, treasurer, and brandon jones, ceo, have a business relationship.”

Form 990, Part VI, Section A, Line 3

“The school had a management services agreement executed on january 1, 2013 with cfe management group, llc. In accordance with the management service agreement, cfe management group provides assistance with the operations and management of the school in the areas of school development, financial services, human resources, information systems, facilities management and food services.”

Form 990, Part VI, Section A, Line 8B

“The organization does not have any committee with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11

“The form 990 is emailed to each of the organization's governing board members for review prior to being filed.”

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

“Each officer, director, trustee, or key employee must annually sign a statement that affirms that such person has received a copy of the conflict of interest policy, has read and understands the policy and has agreed to comply with the policy. If any person who is a director or officer is aware that the organization is about to enter into any business transaction directly or indirectly with such person, any member of that person's family, or any entity in which that person has any legal, equitable or fiduciary interest or position, such person shall (a) immediately inform those charged with approving the transaction on behalf of the organization of such person's interest or position, (b) aid the persons charged with making the decision by disclosing any material facts within such person's knowledge that bear on the advisavility of such transaction from the standpoint of the organization, and (c) not be entitiled to vote on the decision to enter into such transaction. A copy of the conflict of interest policy will be maintained in the corporate records, and the board will review that policy on an annual basis.”

Form 990, Part VI, Section C, Line 19

“Certain of the organization's governing documents are available to the public through websites of state government agencies. The organization considers specific requests for its governing documents, conflict of interest policy, and financial statements on a case-by-case basis.”

FORM 990, PART VI, SECTION C, LINE 17:

“Educational organizations exempt under ars section 43-1201(4) are not required to file a copy of their federal form 990 with the state of arizona.”

Filing and Contact Details

Filer

Filer Name
Legacy Traditional School - Maricopa
EIN
27-0637575
Phone
4202705438
Address
3201 S GILBERT RD BLDG A, CHANDLER, AZ 85286-5193

Signing Officer

Name
Brandon Jones
Title
CEO
Phone
4202705438
Signed
2017-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brandon Jones
Formed
2009
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
4
Employees
323
Volunteers
1,205

Preparer

Firm
Schmidt Westergard & Company Pllc
Address
77 WEST UNIVERSITY DRIVE, MESA, AZ 85201-5830
Preparer
Kelly M White
Phone
4808346030
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Separation of lts -maricopa, lts - casa grande, and lts - queen creek (see below explanation) 410,549.”

FORM 990, PART XII, LINE 2C:

“No changes have been made to the oversight process or the selection process from the prior year.”

Form 990, Part XI, Line 9

“Prior to july 1, 2015, the school campus was part of legacy traditional charter schools (ltcs). The casa grande campus and the queen creek campus were also part of ltcs, making three campuses in ltcs. Those three campuses were part of a single charter with the sponsor. Management took several steps to break those three campuses into three distinct entities with three distinct charters, so that the entity and charter structure would be consistent across all the legacy traditional school campuses. As part of that process, the name of ltcs was changed to legacy traditional school - maricopa, and legacy traditional school - casa grande and legacy traditional school - queen creek were formed as new arizona nonprofit corporations. Effective july 1, 2015, the assets, liabilities, operations, employees, and contracts of the casa grande and queen creek campuses were transferred from ltcs to legacy traditional school - casa grande and legacy traditional school - queen creek, respectively.”

Financial Statement Notes

PART X, LINE 2:

“The school is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code (the "irc") and similar arizona provisions. In addition, the school has been classified as an organization other than a private foundation under section 509(a)(1) of the irc. However, income from certain activities not directly related to the school's tax-exempt purpose may be subject to taxation as unrelated business income. There is no provision for income taxes in the accompanying financial statements because there is no significant unrelated business income. The school follows the guidance issued by fasb related to accounting for income tax uncertainties. Under this guidance, the school accounts for the effect of any uncertain tax positions based on whether it is "more-likely-than-not" that the position will be sustained by the taxing authority upon examination. The school routinely evaluates potential uncertain tax positions. The school has identified its status as an exempt organization as a tax position; however, the school has determined that such tax position does not result in an uncertainty that requires recognition. The school files informational and income tax returns in the u.s. Federal jurisdiction and in certain state and local jurisdictions. As of june 30, 2016, u.s. Federal informational tax returns for the years ended prior to june 30, 2013, and state reviews for years ended prior to june 30, 2012 are closed to assessment. There were no amounts of accrued interest or penalties as of june 30, 2016.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Separately report gain on the sale of a fixed asset netted with expenses. 2,500.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Separately report gain on the sale of a fixed asset netted with expenses. 2,500.”

Raw XML AppendixShowing 400 of 763 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/ActivityOrMissionDesc0TO PROVIDE MOTIVATED STUDENTS WITH THE OPPORTUNITY TO ACHIEVE ACADEMIC EXCELLENCE IN AN ACCELERATED, BACK-TO-BASICS, SAFE LEARNING ENVIRONMENT TAUGHT BY CARING, KNOWLEDGEABLE AND HIGHLY EFFECTIVE EDUCATORS IN COOPERATION WITH SUPPORTIVE, INVOLVED PARENTS.
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IRS990/Desc0DURING THE CURRENT YEAR, THE ORGANIZATION PROVIDED HIGH QUALITY EDUCATIONAL SERVICES TO APPROXIMATELY 1,205 STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE ON THE ORGANIZATION'S CAMPUS LOCATED IN MARICOPA, ARIZONA. THOSE STUDENTS EXPERIENCED A WELL-ROUNDED EDUCATION THAT INCLUDED READING, WRITING, MATHEMATICS, SCIENCE, SOCIAL STUDIES, HISTORY, MUSIC, ART, AND PHYSICAL EDUCATION, AS WELL AS EXTRACURRICULAR ACTIVITIES LIKE ATHLETICS, CLUBS, FIELD TRIPS, AND DAILY TUTORING.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt02500
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt07983063
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt02500
IRS990/GrossReceiptsAmt08598031
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt04750
IRS990/InformationTechnologyGrp/ProgramServicesAmt018998
IRS990/InformationTechnologyGrp/TotalAmt023748
IRS990/InsuranceGrp/ManagementAndGeneralAmt06494
IRS990/InsuranceGrp/ProgramServicesAmt025974
IRS990/InsuranceGrp/TotalAmt032468
IRS990/InterestGrp/ProgramServicesAmt0953050
IRS990/InterestGrp/TotalAmt0953050
IRS990/InventoriesForSaleOrUseGrp/BOYAmt091946
IRS990/InvestmentIncomeGrp/ExclusionAmt016275
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt016275
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02314908
IRS990/LandBldgEquipBasisNetGrp/BOYAmt040475563
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010649925
IRS990/LandBldgEquipCostOrOtherBssAmt012964833
IRS990/LegalDomicileStateCd0AZ
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt027891
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt016193
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE MOTIVATED STUDENTS WITH THE OPPORTUNITY TO ACHIEVE ACADEMIC EXCELLENCE IN AN ACCELERATED, BACK-TO-BASICS, SAFE LEARNING ENVIRONMENT TAUGHT BY CARING, KNOWLEDGEABLE AND HIGHLY EFFECTIVE EDUCATORS IN COOPERATION WITH SUPPORTIVE, INVOLVED PARENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-6339946
IRS990/NetAssetsOrFundBalancesEOYAmt0-4786640
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt02500
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02500
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt046382
IRS990/OccupancyGrp/ProgramServicesAmt0185527
IRS990/OccupancyGrp/TotalAmt0231909
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt047957
IRS990/OfficeExpensesGrp/ProgramServicesAmt0318819
IRS990/OfficeExpensesGrp/TotalAmt0366776
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0736639
IRS990/OtherAssetsTotalGrp/EOYAmt0204484
IRS990/OtherChangesInNetAssetsAmt0410549
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013636
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0255693
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0269329
IRS990/OtherExpensesGrp/Desc0FIELD TRIPS
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2DUES AND FEES
IRS990/OtherExpensesGrp/Desc3UNIFORMS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06255
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12718
IRS990/OtherExpensesGrp/ProgramServicesAmt082990
IRS990/OtherExpensesGrp/ProgramServicesAmt125021
IRS990/OtherExpensesGrp/ProgramServicesAmt215401
IRS990/OtherExpensesGrp/ProgramServicesAmt34414
IRS990/OtherExpensesGrp/TotalAmt082990
IRS990/OtherExpensesGrp/TotalAmt131276
IRS990/OtherExpensesGrp/TotalAmt218119
IRS990/OtherExpensesGrp/TotalAmt34414
IRS990/OtherLiabilitiesGrp/BOYAmt021281
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt095972
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt095972
IRS990/OtherRevenueTotalAmt095972
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026177
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03378365
IRS990/OtherSalariesAndWagesGrp/TotalAmt03404542
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09358
IRS990/PayrollTaxesGrp/ProgramServicesAmt0177801
IRS990/PayrollTaxesGrp/TotalAmt0187159
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04650
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt088350
IRS990/PensionPlanContributionsGrp/TotalAmt093000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01512881
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0554059
IRS990/PrincipalOfficerNm0BRANDON JONES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0LUNCH INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SCHOOL PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc2TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0215169
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1183454
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt268631
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0215169
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1183454
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt268631
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt019421539
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt051653
IRS990/PYOtherExpensesAmt010352774
IRS990/PYOtherRevenueAmt0-4830472
IRS990/PYProgramServiceRevenueAmt0848561
IRS990/PYRevenuesLessExpensesAmt0-4423222
IRS990/PYSalariesCompEmpBnftPaidAmt09561729
IRS990/PYTotalExpensesAmt019914503
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt015491281
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01142757
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0565726
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06526332
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02389484
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt09272988
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01889530
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011162518
IRS990ScheduleD/EquipmentGrp/BookValueAmt033677
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0121412
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0155089
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02500
IRS990ScheduleD/ExpensesSubtotalAmt07452774
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01162221
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01162221
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt045162
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011252
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt056414
IRS990ScheduleD/OtherExpensesNotIncludedAmt02500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0135877
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0292714
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0428591
IRS990ScheduleD/OtherRevenuesNotIncludedAmt02500
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02500
IRS990ScheduleD/RevenueSubtotalAmt08595531
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "IRC") AND SIMILAR ARIZONA PROVISIONS. IN ADDITION, THE SCHOOL HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE IRC. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SCHOOL'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE IS NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THERE IS NO SIGNIFICANT UNRELATED BUSINESS INCOME. THE SCHOOL FOLLOWS THE GUIDANCE ISSUED BY FASB RELATED TO ACCOUNTING FOR INCOME TAX UNCERTAINTIES. UNDER THIS GUIDANCE, THE SCHOOL ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON WHETHER IT IS "MORE-LIKELY-THAN-NOT" THAT THE POSITION WILL BE SUSTAINED BY THE TAXING AUTHORITY UPON EXAMINATION. THE SCHOOL ROUTINELY EVALUATES POTENTIAL UNCERTAIN TAX POSITIONS. THE SCHOOL HAS IDENTIFIED ITS STATUS AS AN EXEMPT ORGANIZATION AS A TAX POSITION; HOWEVER, THE SCHOOL HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY THAT REQUIRES RECOGNITION. THE SCHOOL FILES INFORMATIONAL AND INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN CERTAIN STATE AND LOCAL JURISDICTIONS. AS OF JUNE 30, 2016, U.S. FEDERAL INFORMATIONAL TAX RETURNS FOR THE YEARS ENDED PRIOR TO JUNE 30, 2013, AND STATE REVIEWS FOR YEARS ENDED PRIOR TO JUNE 30, 2012 ARE CLOSED TO ASSESSMENT. THERE WERE NO AMOUNTS OF ACCRUED INTEREST OR PENALTIES AS OF JUNE 30, 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SEPARATELY REPORT GAIN ON THE SALE OF A FIXED ASSET NETTED WITH EXPENSES. 2,500.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SEPARATELY REPORT GAIN ON THE SALE OF A FIXED ASSET NETTED WITH EXPENSES. 2,500.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010649925
IRS990ScheduleD/TotalExpensesPerForm990Amt07455274
IRS990ScheduleD/TotalRevenuePerForm990Amt08598031
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08595531
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07452774
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S STAFF INFORMS INTERESTED PARENTS AND STUDENTS OF THE RACIALLY NONDISCRIMINATORY POLICY IN THE ENROLLMENT PROCESS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT OFFER SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES REVENUE FROM THE FEDERAL AND STATE GOVERNMENTS FOR EDUCATIONAL PROGRAMS AND FROM THE STATE OF ARIZONA FOR STATE EQUALIZATION ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd10
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0UNDER AN INDENTURE OF TRUST AND RELATED AGREEMENTS DATED APRIL 1, 2015, THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX, ARIZONA, A GOVERNMENTAL ISSUER, ISSUED EDUCATION FACILITY REVENUE BONDS (LEGACY TRADITIONAL SCHOOLS PROJECTS) SERIES 2015 AND LOANED THE PROCEEDS THEREOF TO ATHLOS TRADITIONAL ACADEMY (NKA LEGACY TRADITIONAL SCHOOL - CHANDLER), AS REPRESENTATIVE OF AN OBLIGATED GROUP (THE "OBLIGATED GROUP") THAT INCLUDES THE FOLLOWING ORGANIZATIONS: LEGACY TRADITIONAL SCHOOL - GILBERT AND LEGACY TRADITIONAL SCHOOL - MARICOPA FOR THE PURPOSE OF FINANCING AND REFINANCING THE COSTS OF ACQUIRING, RENOVATING AND EQUIPPING THE CAMPUS FACILITIES OF EACH OF THESE ORGANIZATIONS. THE MEMBERS OF THE OBLIGATED GROUP ARE JOINTLY AND SEVERALLY LIABLE FOR THE ENTIRE BOND ISSUE. HOWEVER, THE AMOUNT OF THE ISSUE PRICE IN ITEM (E) (AND THE AMOUNTS SHOWN IN PART II) IS THE PORTION ALLOCATED TO FINANCING THE CAMPUS FACILITIES OF THIS ORGANIZATION, AND THE AMOUNT DIFFERS FROM THE TOTAL BOND ISSUE PRICE REPORTED ON FORM 8038-G WHICH WAS THE TOTAL OF THE BOND ISSUE PRICE. THE TWO ORGANIZATIONS NAMED ABOVE ARE REPORTING EACH OF THEIR RESPECTIVE ALLOCATED PORTIONS OF THE TOTAL.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS MAINTAINING ADEQUATE BOOKS AND RECORDS THAT SUPPORTS THE FINAL ALLOCATION OF PROCEEDS.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K, PART I, COLUMN (C,) ITEM (E):
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE K, PART II, LINE 17:
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd10

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,597,618
Liabilities
$21,384,258
Net assets
-$4,786,640
Revenue
$8,598,031
Expenses
$7,455,274
Net income
$1,142,757
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$18.7$0.73$11.9$11.1$0.88
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.3$19.9$1.62$11.9$10.7$1.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.9$20.7$2.81$10.8$10.00$0.81
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.5$21.1$3.61$9.72$9.10$0.62
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.9$20.1$4.24$8.52$8.22$0.29
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.0$20.5$4.53$8.36$8.10$0.26
2016Detailed filing. Detailed filing data is available for this year.$16.6$21.4$4.79$8.60$7.46$1.14
2014Detailed filing. Detailed filing data is available for this year.$53.7$55.6$1.92$19.9$19.4$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.2$18.1$1.91$13.6