Civic Intelligence

Legacy Advancement

990 • Fiscal year 2023 • EIN 46-5664419

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 04, 2025

104 Broadus AveGreenville, SC 29601

(864) 558-0626

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.08x

Higher debt load relative to assets than 53% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

71st percentile

0.28x

Higher debt load relative to revenue than 71% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

85th percentile

37%

Higher net margin than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

64th percentile

11%

Faster asset growth than 64% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-46%

Faster revenue growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,524,829

Up $242,162 (+11%) from 2022

Net Assets

Up

$2,313,454

Up $279,082 (+14%) from 2022

Liabilities

Down

$211,375

Down $36,920 (-15%) from 2022

Revenue

Down

$756,669

Down $641,107 (-46%) from 2022

Expenses

Up

$477,587

Up $100,820 (+27%) from 2022

Net Income

Down

$279,082

Down $741,927 (-73%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $212,978Liabilities 2014: $355,1702014Assets 2015: $93,355Liabilities 2015: $429,764Net Assets 2015: -$336,4092015Assets 2016: $369,445Liabilities 2016: $1,198Net Assets 2016: $368,2472016Assets 2017: $216,047Liabilities 2017: $419Net Assets 2017: $215,6282017Assets 2018: $233,557Liabilities 2018: $10,126Net Assets 2018: $223,4312018Assets 2019: $258,661Liabilities 2019: $0Net Assets 2019: $258,6612019Assets 2020: $838,300Liabilities 2020: $19,328Net Assets 2020: $818,9722020Assets 2021: $1,038,520Liabilities 2021: $25,157Net Assets 2021: $1,013,3632021Assets 2022: $2,282,667Liabilities 2022: $248,295Net Assets 2022: $2,034,3722022Assets 2023: $2,524,829Liabilities 2023: $211,375Net Assets 2023: $2,313,4542023Assets 2024: $2,468,807Liabilities 2024: $272,065Net Assets 2024: $2,196,7422024

Highlighted filing

2023

Assets$2,524,829
Liabilities$211,375
Net Assets$2,313,454

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $0Expenses 2014: $142,192Net Income 2014: -$142,1922014Revenue 2015: $125,000Expenses 2015: $319,217Net Income 2015: -$194,2172015Revenue 2016: $1,365,158Expenses 2016: $660,502Net Income 2016: $704,6562016Revenue 2017: $828,779Expenses 2017: $981,398Net Income 2017: -$152,6192017Revenue 2018: $810,423Expenses 2018: $802,620Net Income 2018: $7,8032018Revenue 2019: $532,240Expenses 2019: $497,010Net Income 2019: $35,2302019Revenue 2020: $1,109,749Expenses 2020: $549,438Net Income 2020: $560,3112020Revenue 2021: $600,024Expenses 2021: $405,633Net Income 2021: $194,3912021Revenue 2022: $1,397,776Expenses 2022: $376,767Net Income 2022: $1,021,0092022Revenue 2023: $756,669Expenses 2023: $477,587Net Income 2023: $279,0822023Revenue 2024: $608,039Expenses 2024: $724,751Net Income 2024: -$116,7122024

Highlighted filing

2023

Revenue$756,669
Expenses$477,587
Net Income$279,082
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 4, 2025
Return Version
2023v6.0
Gross Receipts
$756,669
Mission and Program Overview

Mission

The mission of legacy advancement is to promote an educational success strategy for underserved students, which combines academic excellence, nutrition, and fitness, leading to college graduation and life success.

Public charity that is the fundraising arm of legacy early college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,601,933$1,951,023▲ $349,090
Pledges and Grants Receivable$337,951$332,781▼ $5,170
Accounts Receivable$112,291$97,291▼ $15,000
Prepaid Expenses and Deferred Charges$4,328$4,328→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,282,667$2,524,829▲ $242,162
Other Assets Total$226,164$139,406▼ $86,758
Liabilities
Other Liabilities$226,164$139,406▼ $86,758
Accounts Payable and Accrued Expenses$22,131$71,969▲ $49,838
Total Liabilities$248,295$211,375▼ $36,920
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,216,667$1,501,609▲ $284,942
Net Assets Without Donor Restrictions$817,705$811,845▼ $5,860
Total Net Assets Fund Balance$2,034,372$2,313,454▲ $279,082
Total Liabilities and Net Assets / Fund Balance$2,282,667$2,524,829▲ $242,162

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$73,673$73,673
Other Assets Org$139,406--
Compensation and Service Providers

Board Members and Trustees

NameTitle
William W BrownPresident
Cary H HallVice President, Secretary
Adela MendozaBoard Member
Llyn StrongBoard Member
Steve LanzlBoard Member
Charles BrewerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$707,551
Program Service Revenue
$0
Investment Income
$49,118
Other Revenue
$0
All Other Contributions
$707,551
Change in Net Assets
$279,082

Audited Revenue Reconciliation

Revenue per Audited Statements
$756,669
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$756,669
Total Revenue per Form 990
$756,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$258,495
Grants and Similar Amounts Paid$219,092
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$137,592--$137,592
Occupancy$105,572--$105,572
Grants to Domestic Orgs$81,500--$81,500
Fees for Services Other$0$64,299$0$64,299
Office Expenses$49,908--$49,908
Other Expenses$36,412--$36,412
Insurance$2,250--$2,250
Information Technology$54--$54
Total Functional Expenses$413,288$64,299$0$477,587

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$477,587
Total Expenses per Audited Statements$477,587
Total Expenses per Form 990$477,587
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Legacy EARLY COLLEGEGreenville, SC501(c)(3)Operational Support$81,500
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No

Governance Explanations

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

RELATIONSHIP BETWEEN DIRECTORS; JONATHAN BROWN IS THE SON OF WILLIAM BROWN; WILLIAM W. BROWN AND CARY HALL ARE DIRECTORS OF LEGACY CHARTER SCHOOL - Family relationship

Form 990, Part VI, Line 11B Review of form 990 by governing body

The organization made available the form 990 to the board members prior to filing with the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

The organization regularly and consistently monitors and enforces compilance with the conflict of interest policy.

Form 990, Part VI, Line 19 Required documents available to the public

The organization regularly and consistently monitors and enforces compilance with the conflict of interest policy.

PART VI, SECTION A, LINE 2:

Relationship between directors; jonathan brown is the son of william brown; william w. Brown and cary hall are directors of legacy charter school

PART VI, SECTION B, LINE 11B:

The organization made available the form 990 to the board members prior to filing with the irs.

PART VI, SECTION B, LINE 12C:

The organization regularly and consistently monitors and enforces compilance with the conflict of interest policy.

PART VI, SECTION C, LINE 19:

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Legacy Advancement
EIN
46-5664419
Phone
8645580626
Address
104 BROADUS AVE, GREENVILLE, SC 29601

Signing Officer

Name
William W Brown
Title
President
Signed
2025-03-04
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Sc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G Other Fees

Professional Fees - Total Expense: 20791, Program Service Expense: , Management and General Expenses: 20791, Fundraising Expenses: ; Consultant Fees - Total Expense: 43508, Program Service Expense: , Management and General Expenses: 43508, Fundraising Expenses: ;

Form 990, Part XII, Line 2C Change of oversight process or selection process

The process has not changed from the prior year.

PART IX, LINE 11G, OTHER FEES:

Professional fees: program service expenses 0. Management and general expenses 12,615. Fundraising expenses 0. Total expenses 12,615. Consultant fees: program service expenses 0. Management and general expenses 64,731. Fundraising expenses 0. Total expenses 64,731. Total other fees on form 990, part ix, line 11g, col a 77,346.

Part XII, Ln 2C

The process has not changed from the prior year.

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The Organization has been recognized by the Internal Revenue Service as a charitable corporation as described in Section 501(c)(3) of the Internal Revenue Code (IRC) and is exempt from federal income taxes pursuant to Section 509(a)(2) of the IRC. Accordingly, no provision for income taxes is included in the accompanying financial statements. The Organization has determined that it does not have any material unrecognized tax benefits or obligations as of December 31, 2023.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has been recognized by the Internal Revenue Service as a charitable corporation as described in Section 501(c)(3) of the Internal Revenue Code (IRC) and is exempt from federal income taxes pursuant to Section 509(a)(2) of the IRC. Accordingly, no provision for income taxes is included in the accompanying financial statements. The Organization has determined that it does not have any material unrecognized tax benefits or obligations as of December 31, 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RELATIONSHIP BETWEEN DIRECTORS; JONATHAN BROWN IS THE SON OF WILLIAM BROWN; WILLIAM W. BROWN AND CARY HALL ARE DIRECTORS OF LEGACY CHARTER SCHOOL - Family relationship
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MADE AVAILABLE THE FORM 990 TO THE BOARD MEMBERS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPILANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPILANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Professional Fees - Total Expense: 20791, Program Service Expense: , Management and General Expenses: 20791, Fundraising Expenses: ; Consultant Fees - Total Expense: 43508, Program Service Expense: , Management and General Expenses: 43508, Fundraising Expenses: ;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RELATIONSHIP BETWEEN DIRECTORS; JONATHAN BROWN IS THE SON OF WILLIAM BROWN; WILLIAM W. BROWN AND CARY HALL ARE DIRECTORS OF LEGACY CHARTER SCHOOL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION MADE AVAILABLE THE FORM 990 TO THE BOARD MEMBERS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPILANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,615. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,615. CONSULTANT FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 64,731. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 64,731. TOTAL OTHER FEES ON FORM 990, PART IX, LINE 11G, COL A 77,346.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2 Family/business relationships amongst interested persons
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g Other Fees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c Change of oversight process or selection process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART VI, SECTION A, LINE 2:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART VI, SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8PART VI, SECTION B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10PART IX, LINE 11G, OTHER FEES:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11PART XII, LN 2C
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