Civic Intelligence

Heritage Academy Charter Schools Inc.

990 • Fiscal year 2015 • EIN 74-2823746

Sep 01, 2014 to Aug 31, 2015 • Filed on Jun 15, 2016

Organization ProfileWWW.SHEKINAH-EDU.COM
12470 Women Hollering RoadSchertz, TX 78154

(210) 659-0329

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.73x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

75th percentile

0.77x

Higher debt load relative to revenue than 75% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

24th percentile

-3.2%

Higher net margin than 24% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

23rd percentile

$100,712

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

10th percentile

-9.4%

Faster asset growth than 10% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

70th percentile

12%

Faster revenue growth than 70% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$14,409,110

Down $1,494,410 (-9.4%) from 2014

Net Assets

Down

$3,911,765

Down $588,280 (-13%) from 2014

Liabilities

Down

$10,497,345

Down $906,130 (-7.9%) from 2014

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin24th percentile

Revenue

Up

$13,615,753

Up $1,432,382 (+12%) from 2014

Expenses

Up

$14,055,758

Up $1,534,856 (+12%) from 2014

Net Income

Down

-$440,005

Down $102,474 (-30%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $14,390,677Liabilities 2011: $9,706,346Net Assets 2011: $4,684,3312011Assets 2012: $19,071,971Liabilities 2012: $13,388,619Net Assets 2012: $5,683,3522012Assets 2013: $16,602,525Liabilities 2013: $11,764,949Net Assets 2013: $4,837,5762013Assets 2014: $15,903,520Liabilities 2014: $11,403,475Net Assets 2014: $4,500,0452014Assets 2015: $14,409,110Liabilities 2015: $10,497,345Net Assets 2015: $3,911,7652015Assets 2016: $5,042,388Liabilities 2016: $3,598,672Net Assets 2016: $1,443,7162016Assets 2017: $3,783,921Liabilities 2017: $3,230,733Net Assets 2017: $553,1882017Assets 2018: $977,628Liabilities 2018: $138,731Net Assets 2018: $838,8972018Assets 2019: $2,017,328Liabilities 2019: $148,765Net Assets 2019: $1,868,5632019Assets 2020: $3,388,847Liabilities 2020: $383,895Net Assets 2020: $3,004,9522020Assets 2021: $4,804,679Liabilities 2021: $98,408Net Assets 2021: $4,706,2712021Assets 2022: $5,815,149Liabilities 2022: $316,698Net Assets 2022: $5,498,4512022Assets 2023: $6,668,229Liabilities 2023: $859,888Net Assets 2023: $5,808,3412023Assets 2024: $7,149,073Liabilities 2024: $708,065Net Assets 2024: $6,441,0082024

Highlighted filing

2015

Assets$14,409,110
Liabilities$10,497,345
Net Assets$3,911,765
Open 2015 Filing

Operations Trend

Revenue Growth70th percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $18,299,053Expenses 2011: $16,328,303Net Income 2011: $1,970,7502011Revenue 2012: $15,502,610Expenses 2012: $14,503,589Net Income 2012: $999,0212012Expenses 2013: $14,202,3562013Revenue 2014: $12,183,371Expenses 2014: $12,520,902Net Income 2014: -$337,5312014Revenue 2015: $13,615,753Expenses 2015: $14,055,758Net Income 2015: -$440,0052015Revenue 2016: $10,198,967Expenses 2016: $9,728,844Net Income 2016: $470,1232016Revenue 2017: $4,652,262Expenses 2017: $4,636,977Net Income 2017: $15,2852017Revenue 2018: $5,154,097Expenses 2018: $4,868,388Net Income 2018: $285,7092018Revenue 2019: $6,447,669Expenses 2019: $5,418,003Net Income 2019: $1,029,6662019Revenue 2020: $7,001,536Expenses 2020: $5,865,147Net Income 2020: $1,136,3892020Revenue 2021: $7,789,736Expenses 2021: $6,088,417Net Income 2021: $1,701,3192021Revenue 2022: $8,149,832Expenses 2022: $7,357,652Net Income 2022: $792,1802022Revenue 2023: $7,501,241Expenses 2023: $7,191,351Net Income 2023: $309,8902023Revenue 2024: $8,371,661Expenses 2024: $7,738,994Net Income 2024: $632,6672024

Highlighted filing

2015

Revenue$13,615,753
Expenses$14,055,758
Net Income-$440,005
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Jun 15, 2016
Return Version
2014v6.0
Gross Receipts
$13,615,753
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,070,088$13,697,923▼ $372,165
Cash and Non-Interest-Bearing Accounts$760,542$397,163▼ $363,379
Prepaid Expenses and Deferred Charges$320,848--
Pledges and Grants Receivable$737,544$40,950▼ $696,594
Accounts Receivable$9,162--
Total Assets$15,903,520$14,409,110▼ $1,494,410
Other Assets Total$5,336$273,074▲ $267,738
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,801,559$10,130,952▼ $670,607
Accounts Payable and Accrued Expenses$599,430$366,393▼ $233,037
Deferred Revenue$2,486--
Total Liabilities$11,403,475$10,497,345▼ $906,130
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,560,322$3,024,811▼ $535,511
Unrestricted Net Assets$939,723$886,954▼ $52,769
Total Net Assets Fund Balance$4,500,045$3,911,765▼ $588,280
Total Liabilities and Net Assets / Fund Balance$15,903,520$14,409,110▼ $1,494,410

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,000,830$1,128,852-
Land$2,064,361--
Equipment$632,732$984,004-
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cheryl a WashingtonCEO/superintFT$78,165$22,547$100,712
Dr David LeeCEO/superintFT$20,834$1,339$22,173

Board Members and Trustees

NameTitle
A D'WAYNE JERNIGANPresident
Dr Luis GonzalesMember
Rheatha MillerMember
Dina AcevedoSecretary
Dr Helen ThompsonVice-preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Educational Software Solutions Of TXBack Office305 ROLLING GREEN, Austin, TX 78734$325,291
Turning Tech LLCLearning Tech255 WEST FEDERAL STREET, Youngstown, OH 44503$197,000
Medinas Janitorial Service And SupplJanitorialPO BOX 28167, San Antonio, TX 78228$113,782
Revenue and Support

Revenue Composition

Contributions and Grants
$2,919,400
Program Service Revenue
$9,949,134
Investment Income
$1,402
Other Revenue
$745,817
Change in Net Assets
$-440,005

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,615,753
Total Revenue per Audited Statements
$13,615,753
Total Revenue per Form 990
$13,615,753
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,173,001
Salaries, Compensation, and Employee Benefits$5,882,757
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,939,619$2,309,701-$5,249,320
Fees for Services Other$1,523,221$1,196,816-$2,720,037
Occupancy$1,390,910$1,092,858-$2,483,768
Depreciation Depletion$274,616$215,769-$490,385
Interest$230,531$181,132-$411,663
Payroll Taxes$117,309$92,172-$209,481
Insurance$105,764$83,100-$188,864
Other Employee Benefits$93,379$73,370-$166,749
Fees for Services Legal-$165,491-$165,491
Pension Plan Contributions$92,311$72,530-$164,841
Current Officers, Directors, Trustees, and Key Employees$51,725$40,641-$92,366
Travel$45,008$35,363-$80,371
Fees for Services Accounting-$43,682-$43,682
Other Expenses$748$587-$1,335
Total Functional Expenses$7,858,083$6,197,675$0$14,055,758

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,055,758
Total Expenses per Audited Statements$14,055,758
Total Expenses per Form 990$14,055,758
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$90,026
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Campus Initiati$90,026$90,026-$90,026
Total Events$90,026$90,026-$90,026
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
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
Yes
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, Page 6, Part VI, Line 6

“The organization is structured to have members who elect annually the board of directors. Since inception to date, the organization has had a single member and the same person as the single member.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors fills vacancies to serve until the unexpired term, that is, until the next annual meeting of the member(s). Historically, the board has "approved" by vote the member's election of directors and the member has approved the director(s) that were elected by the board to fill vacancies in the interim. In practice, the board has in effect elected its directors. The board, not the members, determines the nubmer of directors, but not less than three.”

Form 990, Page 6, Part VI, Line 11B

“A copy of form 990 is provided to the current board members prior to filing. They are not asked to review the 990, only to acknowledge receipt. Relevant members of the entity's management review the 990 before submission to the irs.”

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

“The institute operates two charter school districts. The ceo of the institute serves as superintendent of both districts. Compensation was reviewd by the institute's directors, who are independent of the superintendent, and approved by them in deliberation and a vote in which the superintendent is not present or participates. Salaries of superintendents of public schools (including charter schools) and executive directors of similar non-profit organizations are considered. The deliberation and vote is noted in the minutes of the directors.”

Form 990, Page 6, Part VI, Line 19

“The charter school provides governing documents, policies, and financial statements upon request.”

Filing and Contact Details

Filer

Filer Name
Shekinah Learning Institute
EIN
74-2823746
Phone
2106590329
Address
12470 WOMEN HOLLERING ROAD, SCHERTZ, TX 78154

Signing Officer

Name
Dr David Lee
Title
Superintendent
Phone
2106590329
Signed
2016-06-15

Organization Details

Principal Officer
Dr David Lee
Formed
1997
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
128

Preparer

Firm
Cunningham Shavers Christensen
Address
WRIGHT LLP, AUSTIN AVE WACO, TX 76701-1693
Preparer
Paul J Christensen CPA
Phone
2547523436
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

“Radiance academy shekinah radiance”

Form 990, Part IX, Line 11G

“1,523,221 1,196,816 0”

Raw XML AppendixShowing 400 of 452 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/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01092858
IRS990/OccupancyGrp/ProgramServicesAmt01390910
IRS990/OccupancyGrp/TotalAmt02483768
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05336
IRS990/OtherAssetsTotalGrp/EOYAmt0273074
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt073370
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt093379
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0166749
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1MISC OPERATING COSTS
IRS990/OtherExpensesGrp/Desc2TEXTBOOKS & TESTING MATER
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0334637
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1259826
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2587
IRS990/OtherExpensesGrp/ProgramServicesAmt0425901
IRS990/OtherExpensesGrp/ProgramServicesAmt1330687
IRS990/OtherExpensesGrp/ProgramServicesAmt2236354
IRS990/OtherExpensesGrp/ProgramServicesAmt3748
IRS990/OtherExpensesGrp/TotalAmt0760538
IRS990/OtherExpensesGrp/TotalAmt1590513
IRS990/OtherExpensesGrp/TotalAmt2236354
IRS990/OtherExpensesGrp/TotalAmt31335
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02309701
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02939619
IRS990/OtherSalariesAndWagesGrp/TotalAmt05249320
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt092172
IRS990/PayrollTaxesGrp/ProgramServicesAmt0117309
IRS990/PayrollTaxesGrp/TotalAmt0209481
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt072530
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt092311
IRS990/PensionPlanContributionsGrp/TotalAmt0164841
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0737544
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt040950
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0320848
IRS990/PrincipalOfficerNm0DR DAVID LEE
IRS990/PriorPeriodAdjustmentsAmt0-148275
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STATE / LOCAL PER PUPIL
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09920701
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt128433
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09920701
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128433
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt011997935
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01030
IRS990/PYOtherExpensesAmt06481795
IRS990/PYOtherRevenueAmt0143693
IRS990/PYProgramServiceRevenueAmt040713
IRS990/PYRevenuesLessExpensesAmt0-337531
IRS990/PYSalariesCompEmpBnftPaidAmt06039107
IRS990/PYTotalExpensesAmt012520902
IRS990/PYTotalRevenueAmt012183371
IRS990/ReconcilationRevenueExpnssAmt0-440005
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0655791
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt011000830
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01128852
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt012129682
IRS990ScheduleD/EquipmentGrp/BookValueAmt0632732
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0984004
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01616736
IRS990ScheduleD/ExpensesSubtotalAmt014055758
IRS990ScheduleD/LandGrp/BookValueAmt02064361
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt02064361
IRS990ScheduleD/RevenueSubtotalAmt013615753
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013697923
IRS990ScheduleD/TotalExpensesPerForm990Amt014055758
IRS990ScheduleD/TotalRevenuePerForm990Amt013615753
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013615753
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014055758
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/ExplanationTxt0THE SCHOOL FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY WITHIN IRS GUIDELINES BY CURRENTLY ENROLLING A MAJORITY OF STUDENTS FROM RACIAL MINORITY GROUPS. FOR THE THREE HIGH SCHOOL CAMPUSES AS REQUIRED BY THEIR CAREER AND TECHNOLOGY AND EDUCATION PROGRAMS, THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE INSTITUTE DOES RECEIVE FINANCIAL AID FROM GOVRNMENTAL AGENCIES THROUGH THE TEXAS EDUCATION AGENCY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CAMPUS INITIATI
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt090026
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt090026
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt090026
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt090026
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt090026
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RADIANCE ACADEMY SHEKINAH RADIANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS STRUCTURED TO HAVE MEMBERS WHO ELECT ANNUALLY THE BOARD OF DIRECTORS. SINCE INCEPTION TO DATE, THE ORGANIZATION HAS HAD A SINGLE MEMBER AND THE SAME PERSON AS THE SINGLE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS FILLS VACANCIES TO SERVE UNTIL THE UNEXPIRED TERM, THAT IS, UNTIL THE NEXT ANNUAL MEETING OF THE MEMBER(S). HISTORICALLY, THE BOARD HAS "APPROVED" BY VOTE THE MEMBER'S ELECTION OF DIRECTORS AND THE MEMBER HAS APPROVED THE DIRECTOR(S) THAT WERE ELECTED BY THE BOARD TO FILL VACANCIES IN THE INTERIM. IN PRACTICE, THE BOARD HAS IN EFFECT ELECTED ITS DIRECTORS. THE BOARD, NOT THE MEMBERS, DETERMINES THE NUBMER OF DIRECTORS, BUT NOT LESS THAN THREE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF FORM 990 IS PROVIDED TO THE CURRENT BOARD MEMBERS PRIOR TO FILING. THEY ARE NOT ASKED TO REVIEW THE 990, ONLY TO ACKNOWLEDGE RECEIPT. RELEVANT MEMBERS OF THE ENTITY'S MANAGEMENT REVIEW THE 990 BEFORE SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE INSTITUTE OPERATES TWO CHARTER SCHOOL DISTRICTS. THE CEO OF THE INSTITUTE SERVES AS SUPERINTENDENT OF BOTH DISTRICTS. COMPENSATION WAS REVIEWD BY THE INSTITUTE'S DIRECTORS, WHO ARE INDEPENDENT OF THE SUPERINTENDENT, AND APPROVED BY THEM IN DELIBERATION AND A VOTE IN WHICH THE SUPERINTENDENT IS NOT PRESENT OR PARTICIPATES. SALARIES OF SUPERINTENDENTS OF PUBLIC SCHOOLS (INCLUDING CHARTER SCHOOLS) AND EXECUTIVE DIRECTORS OF SIMILAR NON-PROFIT ORGANIZATIONS ARE CONSIDERED. THE DELIBERATION AND VOTE IS NOTED IN THE MINUTES OF THE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CHARTER SCHOOL PROVIDES GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt61,523,221 1,196,816 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LEGACY EDUCATIONAL FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0204348700
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOLARSHI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt011A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt012470 WOMAN HOLLERING ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SCHERTZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd078154
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03560322
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03024811
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt015903520
IRS990/TotalAssetsEOYAmt014409110
IRS990/TotalAssetsGrp/BOYAmt015903520
IRS990/TotalAssetsGrp/EOYAmt014409110
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02919400
IRS990/TotalEmployeeCnt0128
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06197675
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07858083
IRS990/TotalFunctionalExpensesGrp/TotalAmt014055758
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011403475
IRS990/TotalLiabilitiesEOYAmt010497345
IRS990/TotalLiabilitiesGrp/BOYAmt011403475
IRS990/TotalLiabilitiesGrp/EOYAmt010497345
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04500045
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03911765
IRS990/TotalOtherCompensationAmt023886

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,409,110
Liabilities
$10,497,345
Net assets
$3,911,765
Revenue
$13,615,753
Expenses
$14,055,758
Net income
-$440,005
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.15$0.71$6.44$8.37$7.74$0.63
2023Detailed filing. Detailed filing data is available for this year.$6.67$0.86$5.81$7.50$7.19$0.31
2022Detailed filing. Detailed filing data is available for this year.$5.82$0.32$5.50$8.15$7.36$0.79
2021Detailed filing. Detailed filing data is available for this year.$4.80$0.10$4.71$7.79$6.09$1.70
2020Detailed filing. Detailed filing data is available for this year.$3.39$0.38$3.00$7.00$5.87$1.14
2019Detailed filing. Detailed filing data is available for this year.$2.02$0.15$1.87$6.45$5.42$1.03
2018Detailed filing. Detailed filing data is available for this year.$0.98$0.14$0.84$5.15$4.87$0.29
2017Detailed filing. Detailed filing data is available for this year.$3.78$3.23$0.55$4.65$4.64$0.02
2016Summary only. Only limited summary data is available for this year.$5.04$3.60$1.44$10.2$9.73$0.47
2015Detailed filing. Detailed filing data is available for this year.$14.4$10.5$3.91$13.6$14.1$0.44
2014Detailed filing. Detailed filing data is available for this year.$15.9$11.4$4.50$12.2$12.5$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$11.8$4.84$14.2
2012Summary only. Only limited summary data is available for this year.$19.1$13.4$5.68$15.5$14.5$1.00
2011Summary only. Only limited summary data is available for this year.$14.4$9.71$4.68$18.3$16.3$1.97