Civic Intelligence

Legacy Traditional School - Gilbert

990 • Fiscal year 2016 • EIN 46-1849277

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

Organization ProfileGILBERT.LEGACYTRADITIONAL.ORG
3201 S Gilbert Road Bldg AChandler, AZ 85286-5193

(480) 270-5438

Siviq Scores

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

Liabilities / Assets

94th percentile

1.05x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

91st percentile

3.11x

Higher debt load relative to revenue than 91% of similar nonprofits.

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

Net Margin

41st percentile

0.6%

Higher net margin than 41% 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

54th percentile

2.7%

Faster asset growth than 54% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

28%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$21,868,071

Up $578,093 (+2.7%) from 2015

Net Assets

Up

-$1,162,389

Up $45,680 (+3.8%) from 2015

Liabilities

Up

$23,030,460

Up $532,413 (+2.4%) from 2015

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin41st percentile

Revenue

Up

$7,414,140

Up $1,635,183 (+28%) from 2015

Expenses

Up

$7,368,460

Up $471,951 (+6.8%) from 2015

Net Income

Up

$45,680

Up $1,163,232 (+104%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$30M$20M$10M$0-$10MAssets 2013: $1,022,718Liabilities 2013: $561,455Net Assets 2013: $461,2632013Assets 2014: $18,438,702Liabilities 2014: $18,529,219Net Assets 2014: -$90,5172014Assets 2015: $21,289,978Liabilities 2015: $22,498,047Net Assets 2015: -$1,208,0692015Assets 2016: $21,868,071Liabilities 2016: $23,030,460Net Assets 2016: -$1,162,3892016Assets 2017: $21,649,488Liabilities 2017: $22,502,381Net Assets 2017: -$852,8932017Assets 2018: $21,016,802Liabilities 2018: $22,158,623Net Assets 2018: -$1,141,8212018Assets 2019: $20,683,490Liabilities 2019: $21,848,793Net Assets 2019: -$1,165,3032019Assets 2020: $21,380,492Liabilities 2020: $22,486,769Net Assets 2020: -$1,106,2772020Assets 2021: $20,223,510Liabilities 2021: $21,491,018Net Assets 2021: -$1,267,5082021Assets 2022: $20,661,693Liabilities 2022: $20,940,478Net Assets 2022: -$278,7852022Assets 2023: $21,414,010Liabilities 2023: $21,320,459Net Assets 2023: $93,5512023Assets 2024: $20,899,805Liabilities 2024: $20,397,505Net Assets 2024: $502,3002024

Highlighted filing

2016

Assets$21,868,071
Liabilities$23,030,460
Net Assets-$1,162,389
Open 2016 Filing

Operations Trend

Revenue Growth85th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2013: $609,558Expenses 2013: $148,295Net Income 2013: $461,2632013Revenue 2014: $5,338,878Expenses 2014: $5,890,658Net Income 2014: -$551,7802014Revenue 2015: $5,778,957Expenses 2015: $6,896,509Net Income 2015: -$1,117,5522015Revenue 2016: $7,414,140Expenses 2016: $7,368,460Net Income 2016: $45,6802016Revenue 2017: $8,303,016Expenses 2017: $7,993,520Net Income 2017: $309,4962017Revenue 2018: $7,955,967Expenses 2018: $8,244,895Net Income 2018: -$288,9282018Revenue 2019: $8,702,587Expenses 2019: $8,726,069Net Income 2019: -$23,4822019Revenue 2020: $9,229,895Expenses 2020: $9,170,869Net Income 2020: $59,0262020Revenue 2021: $9,882,318Expenses 2021: $10,043,549Net Income 2021: -$161,2312021Revenue 2022: $11,688,553Expenses 2022: $10,699,830Net Income 2022: $988,7232022Revenue 2023: $12,113,449Expenses 2023: $11,741,113Net Income 2023: $372,3362023Revenue 2024: $11,813,270Expenses 2024: $11,404,521Net Income 2024: $408,7492024

Highlighted filing

2016

Revenue$7,414,140
Expenses$7,368,460
Net Income$45,680
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
$7,424,762
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$18,496,354$17,926,965▼ $569,389
Savings and Temporary Cash Investments$1,679,967$2,031,015▲ $351,048
Cash and Non-Interest-Bearing Accounts$481,430$1,310,789▲ $829,359
Loans From Officers Directors$545,809$580,809▲ $35,000
Accounts Receivable$60,519$72,720▲ $12,201
Total Assets$21,289,978$21,868,071▲ $578,093
Other Assets Total$571,708$526,582▼ $45,126
Liabilities
Mortgage Notes Payable Secured by Investment Property$20,483,617$20,476,711▼ $6,906
Accounts Payable and Accrued Expenses$588,097$1,020,409▲ $432,312
Other Liabilities$880,524$952,531▲ $72,007
Total Liabilities$22,498,047$23,030,460▲ $532,413
Net Assets / Fund Balance
Unrestricted Net Assets$-1,208,069$-1,162,389▲ $45,680
Total Net Assets Fund Balance$-1,208,069$-1,162,389▲ $45,680
Total Liabilities and Net Assets / Fund Balance$21,289,978$21,868,071▲ $578,093

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,603,494$1,070,954$14,674,448
Land$3,668,612-$3,668,612
Other Land Buildings$598,855$445,197$1,044,052
Equipment$13,439$77,011$90,450
Leasehold Improvements$42,565$6,640$49,205
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$1,158,722
The Charter School Fund - Eight LLCLease Payments855 BROAD STREET STE 300, Boise, ID 83702$462,335
Revenue and Support

Revenue Composition

Contributions and Grants
$6,756,932
Program Service Revenue
$622,199
Investment Income
$-10,445
Other Revenue
$45,454
All Other Contributions
$44,853
Change in Net Assets
$45,680

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,424,762
Revenue Not Reported on Financial Statements
$-10,622
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-10,622
Total Revenue per Audited Statements
$7,424,762
Total Revenue per Form 990
$7,414,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,756,768
Other Expenses$3,611,692
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,177,447$26,359-$3,203,806
Fees for Services Management$220,130$880,519-$1,100,649
Interest$987,952$109,772-$1,097,724
Depreciation Depletion$543,332$60,370-$603,702
Office Expenses$308,149$19,420-$327,569
Other Employee Benefits$288,867$15,204-$304,071
Payroll Taxes$172,796$9,095-$181,891
Occupancy$99,894$24,973-$124,867
Fees for Services Other$99,022--$99,022
Pension Plan Contributions$63,650$3,350-$67,000
Advertising$6,897$29,853-$36,750
All Other Expenses$28,523$4,326-$32,849
Insurance$23,747$5,937-$29,684
Fees for Services Accounting-$19,358-$19,358
Information Technology$13,353$3,338-$16,691
Fees for Services Legal$6,391--$6,391
Other Expenses$3,269$4,768-$3,269
Travel$101$18-$119
Total Functional Expenses$6,147,274$1,221,186$0$7,368,460

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,379,082
Total Expenses per Audited Statements$7,379,082
Total Expenses per Form 990$7,368,460
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-10,622
Other Expense Adjustments$-10,622
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 FeesNo$1,100,649
-100% CONTROLLED ENTITY OF TWO CURRENT OFFICERSEquip LeaseNo$19,135

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$545,809$580,809▲ $35,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Lts - Casa Grande$586,760
Due to Lts - Maricopa$204,484
Due to Lts - Tucson$161,287

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Industrial Development Authority of the City of Phoenix Arizona2015-04-09$20,485,190FINANCING CHARTER SCHOOL

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$20,485,190--$529,716

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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 july 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 advisability 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 - Gilbert
EIN
46-1849277
Phone
4802705438
Address
3201 S GILBERT ROAD BLDG A, CHANDLER, AZ 85286-5193

Signing Officer

Name
Brandon Jones
Title
CEO
Phone
4802705438
Signed
2017-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brandon Jones
Formed
2012
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
4
Employees
135
Volunteers
1,062

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 XII, LINE 2C:

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

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 the financial accounting standards board ("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 and the arizona informational return for the period from december 14, 2012 to june 30, 2013, and the years ended june 30, 2014 and june 30, 2015 are open to assessment. There were no amounts of accrued interest or penalties as of june 30, 2016 or 2015.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Separately report loss on the sale of a fixed asset netted with expenses. -10,622.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Separately report loss on the sale of a fixed asset netted with expenses. -10,622.”

Raw XML AppendixShowing 400 of 741 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 1,062 STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE AT ITS CAMPUS IN GILBERT, 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 INCLUDING ATHLETICS, CLUBS, FIELD TRIPS, AND DAILY TUTORING.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
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/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-10622
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt06712079
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07424762
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03338
IRS990/InformationTechnologyGrp/ProgramServicesAmt013353
IRS990/InformationTechnologyGrp/TotalAmt016691
IRS990/InsuranceGrp/ManagementAndGeneralAmt05937
IRS990/InsuranceGrp/ProgramServicesAmt023747
IRS990/InsuranceGrp/TotalAmt029684
IRS990/InterestGrp/ManagementAndGeneralAmt0109772
IRS990/InterestGrp/ProgramServicesAmt0987952
IRS990/InterestGrp/TotalAmt01097724
IRS990/InvestmentIncomeGrp/ExclusionAmt0177
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0177
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt018496354
IRS990/LandBldgEquipBasisNetGrp/EOYAmt017926965
IRS990/LandBldgEquipCostOrOtherBssAmt019526767
IRS990/LegalDomicileStateCd0AZ
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt010622
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0545809
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0580809
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/MortgNotesPyblScrdInvstPropGrp/BOYAmt020483617
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt020476711
IRS990/NetAssetsOrFundBalancesBOYAmt0-1208069
IRS990/NetAssetsOrFundBalancesEOYAmt0-1162389
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-10622
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-10622
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt024973
IRS990/OccupancyGrp/ProgramServicesAmt099894
IRS990/OccupancyGrp/TotalAmt0124867
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019420
IRS990/OfficeExpensesGrp/ProgramServicesAmt0308149
IRS990/OfficeExpensesGrp/TotalAmt0327569
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0571708
IRS990/OtherAssetsTotalGrp/EOYAmt0526582
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015204
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0288867
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0304071
IRS990/OtherExpensesGrp/Desc0FIELD TRIPS
IRS990/OtherExpensesGrp/Desc1DUES AND FEES
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3UNIFORMS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04526
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14768
IRS990/OtherExpensesGrp/ProgramServicesAmt059034
IRS990/OtherExpensesGrp/ProgramServicesAmt125648
IRS990/OtherExpensesGrp/ProgramServicesAmt219072
IRS990/OtherExpensesGrp/ProgramServicesAmt33269
IRS990/OtherExpensesGrp/TotalAmt059034
IRS990/OtherExpensesGrp/TotalAmt130174
IRS990/OtherExpensesGrp/TotalAmt223840
IRS990/OtherExpensesGrp/TotalAmt33269
IRS990/OtherLiabilitiesGrp/BOYAmt0880524
IRS990/OtherLiabilitiesGrp/EOYAmt0952531
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt045454
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt045454
IRS990/OtherRevenueTotalAmt045454
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026359
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03177447
IRS990/OtherSalariesAndWagesGrp/TotalAmt03203806
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09095
IRS990/PayrollTaxesGrp/ProgramServicesAmt0172796
IRS990/PayrollTaxesGrp/TotalAmt0181891
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03350
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt063650
IRS990/PensionPlanContributionsGrp/TotalAmt067000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BRANDON JONES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc1LUNCH FEES
IRS990/ProgramServiceRevenueGrp/Desc2TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0252587
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1235212
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2134400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0252587
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1235212
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2134400
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05428343
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03973
IRS990/PYOtherExpensesAmt03657773
IRS990/PYOtherRevenueAmt032698
IRS990/PYProgramServiceRevenueAmt0313943
IRS990/PYRevenuesLessExpensesAmt0-1117552
IRS990/PYSalariesCompEmpBnftPaidAmt03238736
IRS990/PYTotalExpensesAmt06896509
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05778957
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt045680
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0657031
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01679967
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02031015
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/BookValueAmt013603494
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01070954
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014674448
IRS990ScheduleD/EquipmentGrp/BookValueAmt013439
IRS990ScheduleD/EquipmentGrp/DepreciationAmt077011
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt090450
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-10622
IRS990ScheduleD/ExpensesSubtotalAmt07379082
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03668612
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03668612
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt042565
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06640
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt049205
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-10622
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0598855
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0445197
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01044052
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0586760
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1204484
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2161287
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO LTS - CASA GRANDE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO LTS - MARICOPA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO LTS - TUCSON
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-10622
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-10622
IRS990ScheduleD/RevenueSubtotalAmt07424762
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 THE FINANCIAL ACCOUNTING STANDARDS BOARD ("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 AND THE ARIZONA INFORMATIONAL RETURN FOR THE PERIOD FROM DECEMBER 14, 2012 TO JUNE 30, 2013, AND THE YEARS ENDED JUNE 30, 2014 AND JUNE 30, 2015 ARE OPEN TO ASSESSMENT. THERE WERE NO AMOUNTS OF ACCRUED INTEREST OR PENALTIES AS OF JUNE 30, 2016 OR 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SEPARATELY REPORT LOSS ON THE SALE OF A FIXED ASSET NETTED WITH EXPENSES. -10,622.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SEPARATELY REPORT LOSS ON THE SALE OF A FIXED ASSET NETTED WITH EXPENSES. -10,622.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017926965
IRS990ScheduleD/TotalExpensesPerForm990Amt07368460
IRS990ScheduleD/TotalLiabilityAmt0952531
IRS990ScheduleD/TotalRevenuePerForm990Amt07414140
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07424762
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07379082
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/ProceduresCorrectiveActionInd01
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 (A), ITEM (E):
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE K, PART II, LINE 17:
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$21,868,071
Liabilities
$23,030,460
Net assets
-$1,162,389
Revenue
$7,414,140
Expenses
$7,368,460
Net income
$45,680
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.9$20.4$0.50$11.8$11.4$0.41
2023Detailed filing. Detailed filing data is available for this year.$21.4$21.3$0.09$12.1$11.7$0.37
2022Detailed filing. Detailed filing data is available for this year.$20.7$20.9$0.28$11.7$10.7$0.99
2021Detailed filing. Detailed filing data is available for this year.$20.2$21.5$1.27$9.88$10.0$0.16
2020Detailed filing. Detailed filing data is available for this year.$21.4$22.5$1.11$9.23$9.17$0.06
2019Detailed filing. Detailed filing data is available for this year.$20.7$21.8$1.17$8.70$8.73$0.02
2018Detailed filing. Detailed filing data is available for this year.$21.0$22.2$1.14$7.96$8.24$0.29
2017Detailed filing. Detailed filing data is available for this year.$21.6$22.5$0.85$8.30$7.99$0.31
2016Detailed filing. Detailed filing data is available for this year.$21.9$23.0$1.16$7.41$7.37$0.05
2015Detailed filing. Detailed filing data is available for this year.$21.3$22.5$1.21$5.78$6.90$1.12
2014Detailed filing. Detailed filing data is available for this year.$18.4$18.5$0.09$5.34$5.89$0.55
2013Summary only. Only limited summary data is available for this year.$1.02$0.56$0.46$0.61$0.15$0.46