Civic Intelligence

Legacy21 Inc.

990 • Fiscal year 2017 • EIN 27-4013601

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 15, 2018

Organization ProfileWWW.LEGACYPREPARATORY.COM

View Organization Page

9441 Lbj Freeway Suite 101Dallas, TX 75243

(469) 522-3696

Siviq Scores

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

Liabilities / Assets

80th percentile

0.65x

Higher debt load relative to assets than 80% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

32nd percentile

0.11x

Higher debt load relative to revenue than 32% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

59th percentile

5.6%

Higher net margin than 59% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$170,297

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

96th percentile

77%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

67th percentile

12%

Faster revenue growth than 67% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$2,262,543

Up $981,623 (+77%) from 2016

Net Assets

Up

$794,409

Up $725,935 (+1060%) from 2016

Liabilities

Up

$1,468,134

Up $255,688 (+21%) from 2016

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin59th percentile

Revenue

Up

$12,994,161

Up $1,435,507 (+12%) from 2016

Expenses

Up

$12,268,226

Up $939,074 (+8.3%) from 2016

Net Income

Up

$725,935

Up $496,433 (+216%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$60M$40M$20M$0-$20MAssets 2014: $517,325Liabilities 2014: $966,392Net Assets 2014: -$449,0672014Assets 2015: $751,371Liabilities 2015: $912,399Net Assets 2015: -$161,0282015Assets 2016: $1,280,920Liabilities 2016: $1,212,446Net Assets 2016: $68,4742016Assets 2017: $2,262,543Liabilities 2017: $1,468,134Net Assets 2017: $794,4092017Assets 2018: $40,741,591Liabilities 2018: $38,718,472Net Assets 2018: $2,023,1192018Assets 2019: $40,906,444Liabilities 2019: $37,847,246Net Assets 2019: $3,059,1982019Assets 2020: $40,681,015Liabilities 2020: $38,110,690Net Assets 2020: $2,570,3252020Assets 2021: $40,270,776Liabilities 2021: $36,425,285Net Assets 2021: $3,845,4912021Assets 2022: $40,073,655Liabilities 2022: $35,644,391Net Assets 2022: $4,429,2642022Assets 2024: $36,474,367Liabilities 2024: $34,680,009Net Assets 2024: $1,794,3582024

Highlighted filing

2017

Assets$2,262,543
Liabilities$1,468,134
Net Assets$794,409
Open 2017 Filing

Operations Trend

Revenue Growth67th percentile

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

$30M$20M$10M$0-$10MRevenue 2014: $8,584,233Expenses 2014: $8,801,522Net Income 2014: -$217,2892014Revenue 2015: $10,871,843Expenses 2015: $10,583,804Net Income 2015: $288,0392015Revenue 2016: $11,558,654Expenses 2016: $11,329,152Net Income 2016: $229,5022016Revenue 2017: $12,994,161Expenses 2017: $12,268,226Net Income 2017: $725,9352017Revenue 2018: $14,052,263Expenses 2018: $12,823,553Net Income 2018: $1,228,7102018Revenue 2019: $14,933,581Expenses 2019: $15,363,008Net Income 2019: -$429,4272019Revenue 2020: $17,941,832Expenses 2020: $18,430,705Net Income 2020: -$488,8732020Revenue 2021: $19,212,915Expenses 2021: $17,937,749Net Income 2021: $1,275,1662021Revenue 2022: $20,667,864Expenses 2022: $20,084,091Net Income 2022: $583,7732022Revenue 2024: $18,340,461Expenses 2024: $20,560,473Net Income 2024: -$2,220,0122024

Highlighted filing

2017

Revenue$12,994,161
Expenses$12,268,226
Net Income$725,935
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 15, 2018
Return Version
2016v3.1
Gross Receipts
$12,994,161
Mission and Program Overview

Mission

Charter school- legacy preparatory has established a taskforce of educators, parents, and citizens who earnestly desire for students to receive a relevant and meaningful education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$57,734$810,027▲ $752,293
Land, Buildings, and Equipment, Net$557,687$585,338▲ $27,651
Cash and Non-Interest-Bearing Accounts$414,617--
Accounts Receivable$137,519$231,764▲ $94,245
Prepaid Expenses and Deferred Charges$38,363--
Total Assets$1,280,920$2,262,543▲ $981,623
Other Assets Total$75,000$635,414▲ $560,414
Liabilities
Mortgage Notes Payable Secured by Investment Property$798,934$596,065▼ $202,869
Deferred Revenue$30,255$454,005▲ $423,750
Accounts Payable and Accrued Expenses$377,887$385,797▲ $7,910
Other Liabilities$5,370$32,267▲ $26,897
Total Liabilities$1,212,446$1,468,134▲ $255,688
Net Assets / Fund Balance
Temporarily Rstr Net Assets$47,415$792,406▲ $744,991
Unrestricted Net Assets$21,059$2,003▼ $19,056
Total Net Assets Fund Balance$68,474$794,409▲ $725,935
Total Liabilities and Net Assets / Fund Balance$1,280,920$2,262,543▲ $981,623

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$585,338$292,504$877,842
Other Assets Org$635,414--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleBaseTotal
Dr Rebecca GoodSuperintende$170,297$170,297
Dr Rebecca GoodSuperintendent$170,297$170,297

Board Members and Trustees

NameTitle
Dr Diana Madrigal HopesBoard Member
Megan BauerBoard Member
Byron RicksBoard Presid
John TingSecretary
Marc DesgravesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jr3 Websmart LLCBack OfficePO BOX 1067, Waco, TX 76706$414,764
Splendid Technology ServicesTechnology1100 JUPITER RD 130, Plano, TX 75074$158,098
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,990,861
Investment Income
$3,300
Other Revenue
$0
Change in Net Assets
$725,935

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,994,161
Total Revenue per Audited Statements
$12,994,161
Total Revenue per Form 990
$12,994,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,449,192
Other Expenses$4,819,034
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,950,527$2,633,684-$6,584,211
Occupancy$1,352,304$901,536-$2,253,840
Fees for Services Other$940,381$626,920-$1,567,301
Other Employee Benefits$228,360$152,240-$380,600
Pension Plan Contributions$124,500$83,000-$207,500
Current Officers, Directors, Trustees, and Key Employees$102,178$68,119-$170,297
Payroll Taxes$63,950$42,634-$106,584
Travel$49,572$33,048-$82,620
Insurance$46,449$30,966-$77,415
Depreciation Depletion$42,769$28,512-$71,281
Fees for Services Legal-$41,355-$41,355
Interest$23,605$15,737-$39,342
Fees for Services Accounting-$20,000-$20,000
Other Expenses$5,231$3,488-$8,719
Total Functional Expenses$7,351,002$4,917,224$0$12,268,226

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,268,226
Total Expenses per Audited Statements$12,268,226
Total Expenses per Form 990$12,268,226
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cash-non-int-overdraft$26,897
Accrued Interest$5,370
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 organization's final form 990 including required schedules are distributed to each board member for review prior to the required filing date.”

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

“The organization's conflict of interest policy requires that each member of the board and employees comply with all applicable conflict of interest laws and rules. An indiviual is prohibited from participating in an administrative decision regarding a project funded through csp or federal funds if the decision is likely to benefit that person or an immediate family member. The superintendent shall ensure that all employees are in compliance with all conflict of interest laws and rules.”

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

“Compensation for the organization's superintendent and principal was settled after comprehensive searches of other comparable positions. The board's decisions were approved and documented contemporaneously.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Legacy21 Inc
EIN
27-4013601
Address
9441 LBJ FREEWAY SUITE 101, DALLAS, TX 75243
Doing Business As
Legacy Preparatory Charter Academy

Signing Officer

Name
John Ting
Title
Secretary
Signed
2018-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Ting
Formed
2010
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
239

Preparer

Firm
Paul J Christensen & Associates LLC
Address
2110 AUSTIN AVE, WACO, TX 76701-1693
Preparer
Paul J Christensen CPA
Phone
2547523436
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional services 940,381 626,920 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“Note 12 - income tax the corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code, except to the extent it has unrelated business taxable income. The corporation has no material unrelated business income for the year ended august 31, 2017. Generally accepted accounting principles requires that the corporation recognize in its financial statements the financial effects of a tax position, if that position is more likely than not of being sustained upon examination, including resolution of any appeals or litigation processes, based upon the technical merits of the tax position. The new requirements also provide guidance on measurement, classification, interest and penalties, and disclosure. Tax positions taken related to the corporation's tax exempt status, unrelated business activities taxable income and deductibility of expenses and other miscellaneous tax positions have been reviewed, and management is of the opinion that material positions taken would more likely than not be sustained by examination accordingly, the corporation has not recorded an income tax liability for uncertain tax benefits. For the year ended august 31, 2017, there were no interest or penalties related to income taxes recorded or included in the financial statements. As of august 31, 2017, the corporaton's tax years 2014 through 2016 remain subject to examination.”

Raw XML AppendixShowing 400 of 411 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0377887
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0385797
IRS990/AccountsReceivableGrp/BOYAmt0137519
IRS990/AccountsReceivableGrp/EOYAmt0231764
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0CHARTER SCHOOL- LEGACY PREPARATORY HAS ESTABLISHED A TASKFORCE OF EDUCATORS, PARENTS, AND CITIZENS WHO EARNESTLY DESIRE FOR STUDENTS TO RECEIVE A RELEVANT AND MEANINGFUL EDUCATION.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0ANGELA WILLIS
IRS990/BooksInCareOfDetail/PhoneNum04695223696
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt09441 LBJ FREEWAY SUITE 101
IRS990/BooksInCareOfDetail/USAddress/CityNm0DALLAS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd075243
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0414617
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt068119
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0102178
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0170297
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0414764
IRS990/ContractorCompensationGrp/CompensationAmt1158098
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 1067
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt11100 JUPITER RD 130
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0WACO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1PLANO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd076706
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd175074
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0JR3 WEBSMART LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1SPLENDID TECHNOLOGY SERVICES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine2Txt0LLC
IRS990/ContractorCompensationGrp/ServicesDesc0BACK OFFICE
IRS990/ContractorCompensationGrp/ServicesDesc1TECHNOLOGY
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03300
IRS990/CYOtherExpensesAmt04819034
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt012990861
IRS990/CYRevenuesLessExpensesAmt0725935
IRS990/CYSalariesCompEmpBnftPaidAmt07449192
IRS990/CYTotalExpensesAmt012268226
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt012994161
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt030255
IRS990/DeferredRevenueGrp/EOYAmt0454005
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt028512
IRS990/DepreciationDepletionGrp/ProgramServicesAmt042769
IRS990/DepreciationDepletionGrp/TotalAmt071281
IRS990/Desc0ACADEMIC PROGRAM- LEGACY PREPARATORY IS A STATE ACCREDITED CHARTER SCHOOL DISTRICT THAT OPERATES KINDERGARTEN THROUGH NINTH GRADE. LEGACY OFFERS AN INNOVATIVE APPROACH TO INSTRUCTION AND CULTURE BY PROVIDING ITS STUDENTS WITH THE SMART USE OF TECHNOLOGY AND UNLIMITED ACCESS TO ONLINE RESOURCE SUPPORT. WITH THE LATEST IN COLLABORATIVE LEARNING TECHNOLOGY, LEGACY IS LASER FOCUSED ON ONE THING: TO PREPARE STUDENTS FOR A COLLEGE AND CAREER-READY FUTURE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0LEGACY PREPARATORY CHARTER ACADEMY
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0239
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt07351002
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt020000
IRS990/FeesForServicesAccountingGrp/TotalAmt020000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt041355
IRS990/FeesForServicesLegalGrp/TotalAmt041355
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0626920
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0940381
IRS990/FeesForServicesOtherGrp/TotalAmt01567301
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0BYRON RICKS
IRS990/Form990PartVIISectionAGrp/PersonNm1MARC DESGRAVES
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN TING
IRS990/Form990PartVIISectionAGrp/PersonNm3MEGAN BAUER
IRS990/Form990PartVIISectionAGrp/PersonNm4DR DIANA MADRIGAL HOPES
IRS990/Form990PartVIISectionAGrp/PersonNm5DR REBECCA GOOD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5170297
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESID
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SUPERINTENDE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt012994161
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt030966
IRS990/InsuranceGrp/ProgramServicesAmt046449
IRS990/InsuranceGrp/TotalAmt077415
IRS990/InterestGrp/ManagementAndGeneralAmt015737
IRS990/InterestGrp/ProgramServicesAmt023605
IRS990/InterestGrp/TotalAmt039342
IRS990/InvestmentIncomeGrp/ExclusionAmt03300
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03300
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0292504
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0557687
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0585338
IRS990/LandBldgEquipCostOrOtherBssAmt0877842
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CHARTER SCHOOL- LEGACY PREPARATORY HAS ESTABLISHED A TASKFORCE OF EDUCATORS, PARENTS, AND CITIZENS WHO EARNESTLY DESIRE FOR STUDENTS TO RECEIVE A RELEVANT AND MEANINGFUL EDUCATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0798934
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0596065
IRS990/NetAssetsOrFundBalancesBOYAmt068474
IRS990/NetAssetsOrFundBalancesEOYAmt0794409
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0901536
IRS990/OccupancyGrp/ProgramServicesAmt01352304
IRS990/OccupancyGrp/TotalAmt02253840
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt075000
IRS990/OtherAssetsTotalGrp/EOYAmt0635414
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0152240
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0228360
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0380600
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1MISC OPERATING COSTS
IRS990/OtherExpensesGrp/Desc2TEXTBOOKS & TESTING MTRLS
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0127123
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1108862
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23488
IRS990/OtherExpensesGrp/ProgramServicesAmt0190684
IRS990/OtherExpensesGrp/ProgramServicesAmt1163294
IRS990/OtherExpensesGrp/ProgramServicesAmt267198
IRS990/OtherExpensesGrp/ProgramServicesAmt35231
IRS990/OtherExpensesGrp/TotalAmt0317807
IRS990/OtherExpensesGrp/TotalAmt1272156
IRS990/OtherExpensesGrp/TotalAmt267198
IRS990/OtherExpensesGrp/TotalAmt38719
IRS990/OtherLiabilitiesGrp/BOYAmt05370
IRS990/OtherLiabilitiesGrp/EOYAmt032267
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02633684
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03950527
IRS990/OtherSalariesAndWagesGrp/TotalAmt06584211
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt042634
IRS990/PayrollTaxesGrp/ProgramServicesAmt063950
IRS990/PayrollTaxesGrp/TotalAmt0106584
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt083000
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0124500
IRS990/PensionPlanContributionsGrp/TotalAmt0207500
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038363
IRS990/PrincipalOfficerNm0JOHN TING
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0STATE PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1FEDERAL PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2LOCAL SUPPORT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011573577
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11071039
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2346245
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011573577
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11071039
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2346245
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02211
IRS990/PYOtherExpensesAmt04788486
IRS990/PYProgramServiceRevenueAmt011556443
IRS990/PYRevenuesLessExpensesAmt0229502
IRS990/PYSalariesCompEmpBnftPaidAmt06540666
IRS990/PYTotalExpensesAmt011329152
IRS990/PYTotalRevenueAmt011558654
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0725935
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt057734
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0810027
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt012268226
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0635414
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER RECEIVABLES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0585338
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0292504
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0877842
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026897
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15370
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CASH-NON-INT-OVERDRAFT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/RevenueSubtotalAmt012994161
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NOTE 12 - INCOME TAX THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS TAXABLE INCOME. THE CORPORATION HAS NO MATERIAL UNRELATED BUSINESS INCOME FOR THE YEAR ENDED AUGUST 31, 2017. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRES THAT THE CORPORATION RECOGNIZE IN ITS FINANCIAL STATEMENTS THE FINANCIAL EFFECTS OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS OF THE TAX POSITION. THE NEW REQUIREMENTS ALSO PROVIDE GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. TAX POSITIONS TAKEN RELATED TO THE CORPORATION'S TAX EXEMPT STATUS, UNRELATED BUSINESS ACTIVITIES TAXABLE INCOME AND DEDUCTIBILITY OF EXPENSES AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION ACCORDINGLY, THE CORPORATION HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX BENEFITS. FOR THE YEAR ENDED AUGUST 31, 2017, THERE WERE NO INTEREST OR PENALTIES RELATED TO INCOME TAXES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. AS OF AUGUST 31, 2017, THE CORPORATON'S TAX YEARS 2014 THROUGH 2016 REMAIN SUBJECT TO EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0585338
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0635414
IRS990ScheduleD/TotalExpensesPerForm990Amt012268226
IRS990ScheduleD/TotalLiabilityAmt032267
IRS990ScheduleD/TotalRevenuePerForm990Amt012994161
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012994161
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012268226
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0IN THE SCHOOL'S HANDBOOK AND THE FACT THEY ARE A PUBLIC SCHOOL IT IS DISCLOSED THEY HAVE A RACIALLY NONDISCRIMINATORY POLICY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1STATE PROGRAM REVENUES DISTRIBUTED BY TEA FEDERAL PROGRAM REVENUES DISTRIBUTED BY TEA
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0170297
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR REBECCA GOOD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SUPERINTENDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0170297
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S FINAL FORM 990 INCLUDING REQUIRED SCHEDULES ARE DISTRIBUTED TO EACH BOARD MEMBER FOR REVIEW PRIOR TO THE REQUIRED FILING DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES THAT EACH MEMBER OF THE BOARD AND EMPLOYEES COMPLY WITH ALL APPLICABLE CONFLICT OF INTEREST LAWS AND RULES. AN INDIVIUAL IS PROHIBITED FROM PARTICIPATING IN AN ADMINISTRATIVE DECISION REGARDING A PROJECT FUNDED THROUGH CSP OR FEDERAL FUNDS IF THE DECISION IS LIKELY TO BENEFIT THAT PERSON OR AN IMMEDIATE FAMILY MEMBER. THE SUPERINTENDENT SHALL ENSURE THAT ALL EMPLOYEES ARE IN COMPLIANCE WITH ALL CONFLICT OF INTEREST LAWS AND RULES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE ORGANIZATION'S SUPERINTENDENT AND PRINCIPAL WAS SETTLED AFTER COMPREHENSIVE SEARCHES OF OTHER COMPARABLE POSITIONS. THE BOARD'S DECISIONS WERE APPROVED AND DOCUMENTED CONTEMPORANEOUSLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL SERVICES 940,381 626,920 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt047415
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0792406
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01280920
IRS990/TotalAssetsEOYAmt02262543
IRS990/TotalAssetsGrp/BOYAmt01280920
IRS990/TotalAssetsGrp/EOYAmt02262543
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt0239
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04917224
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07351002
IRS990/TotalFunctionalExpensesGrp/TotalAmt012268226
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01212446
IRS990/TotalLiabilitiesEOYAmt01468134
IRS990/TotalLiabilitiesGrp/BOYAmt01212446
IRS990/TotalLiabilitiesGrp/EOYAmt01468134
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt068474
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0794409
IRS990/TotalProgramServiceExpensesAmt07351002
IRS990/TotalProgramServiceRevenueAmt012990861
IRS990/TotalReportableCompFromOrgAmt0170297
IRS990/TotalRevenueGrp/ExclusionAmt03300
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012990861
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt012994161
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01280920
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02262543
IRS990/TravelGrp/ManagementAndGeneralAmt033048
IRS990/TravelGrp/ProgramServicesAmt049572
IRS990/TravelGrp/TotalAmt082620
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt021059
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02003
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.LEGACYPREPARATORY.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN TING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEGACY21 INC
ReturnHeader/Filer/BusinessNameControlTxt0LEGA
ReturnHeader/Filer/EIN0274013601
ReturnHeader/Filer/USAddress/AddressLine1Txt09441 LBJ FREEWAY SUITE 101
ReturnHeader/Filer/USAddress/CityNm0DALLAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075243
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId068EC1EBABE4F5709F6BA66299D7B748C30BCD5E6
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01C173C7792913811193331293B760E3538174435
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0815081933
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PAUL J CHRISTENSEN & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02110 AUSTIN AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WACO

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,262,543
Liabilities
$1,468,134
Net assets
$794,409
Revenue
$12,994,161
Expenses
$12,268,226
Net income
$725,935
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.5$34.7$1.79$18.3$20.6$2.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.1$35.6$4.43$20.7$20.1$0.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.3$36.4$3.85$19.2$17.9$1.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.7$38.1$2.57$17.9$18.4$0.49
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.9$37.8$3.06$14.9$15.4$0.43
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.7$38.7$2.02$14.1$12.8$1.23
2017Detailed filing. Detailed filing data is available for this year.$2.26$1.47$0.79$13.0$12.3$0.73
2016Detailed filing. Detailed filing data is available for this year.$1.28$1.21$0.07$11.6$11.3$0.23
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.91$0.16$10.9$10.6$0.29
2014Detailed filing. Detailed filing data is available for this year.$0.52$0.97$0.45$8.58$8.80$0.22