Civic Intelligence

Legion Collegiate Academy

990 • Fiscal year 2021 • EIN 82-3998802

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 11, 2023

Organization ProfileWWW.LEGIONCOLLEGIATEACADEMY.ORG
3090 Long Meadow RoadRock Hill, SC 29730

(803) 620-6040

Siviq Scores

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

Liabilities / Assets

95th percentile

1.09x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

92nd percentile

3.53x

Higher debt load relative to revenue than 92% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

13th percentile

-7.9%

Higher net margin than 13% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

42nd percentile

$150,200

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

7th percentile

-9.0%

Faster asset growth than 7% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

68th percentile

29%

Faster revenue growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$14,324,997

Down $1,424,258 (-9.0%) from 2020

Net Assets

Down

-$1,287,849

Down $348,674 (-37%) from 2020

Liabilities

Down

$15,612,846

Down $1,075,584 (-6.4%) from 2020

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin13th percentile

Revenue

Up

$4,426,550

Up $982,593 (+29%) from 2020

Expenses

Up

$4,775,224

Up $573,157 (+14%) from 2020

Net Income

Up

-$348,674

Up $409,436 (+54%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2019: $428,701Liabilities 2019: $609,766Net Assets 2019: -$181,0652019Assets 2020: $15,749,255Liabilities 2020: $16,688,430Net Assets 2020: -$939,1752020Assets 2021: $14,324,997Liabilities 2021: $15,612,846Net Assets 2021: -$1,287,8492021Assets 2022: $13,477,649Liabilities 2022: $15,025,865Net Assets 2022: -$1,548,2162022Assets 2023: $13,550,295Liabilities 2023: $14,752,401Net Assets 2023: -$1,202,1062023Assets 2024: $15,585,311Liabilities 2024: $15,955,663Net Assets 2024: -$370,3522024

Highlighted filing

2021

Assets$14,324,997
Liabilities$15,612,846
Net Assets-$1,287,849
Open 2021 Filing

Operations Trend

Revenue Growth68th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $267,224Expenses 2019: $448,289Net Income 2019: -$181,0652019Revenue 2020: $3,443,957Expenses 2020: $4,202,067Net Income 2020: -$758,1102020Revenue 2021: $4,426,550Expenses 2021: $4,775,224Net Income 2021: -$348,6742021Revenue 2022: $5,143,099Expenses 2022: $5,403,466Net Income 2022: -$260,3672022Revenue 2023: $6,240,750Expenses 2023: $5,894,640Net Income 2023: $346,1102023Revenue 2024: $7,135,511Expenses 2024: $6,303,755Net Income 2024: $831,7562024

Highlighted filing

2021

Revenue$4,426,550
Expenses$4,775,224
Net Income-$348,674
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 11, 2023
Return Version
2020v4.0
Gross Receipts
$4,426,550
Mission and Program Overview

Mission

Mission: legion collegiate academy (lca) serves high school students in a safe, small, family-centered environment who seek the opportunity and challenge of a rigorous curriculum, high academic standards, and elite athletics while earning up to two years of college credit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,481,634$12,111,488▲ $10,629,854
Cash and Non-Interest-Bearing Accounts$1,070,795$1,299,994▲ $229,199
Savings and Temporary Cash Investments$9,092,350$820,312▼ $8,272,038
Accounts Receivable$13,027$78,200▲ $65,173
Prepaid Expenses and Deferred Charges-$15,003-
Total Assets$15,749,255$14,324,997▼ $1,424,258
Other Assets Total$4,091,449--
Liabilities
Tax Exempt Bond Liabilities$13,030,000$13,030,000→ $0
Accounts Payable and Accrued Expenses$2,827,733$1,798,743▼ $1,028,990
Mortgage Notes Payable Secured by Investment Property$860,000$860,000→ $0
Other Liabilities$-29,303$-75,897▼ $46,594
Total Liabilities$16,688,430$15,612,846▼ $1,075,584
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-939,175$-1,287,849▼ $348,674
Total Net Assets Fund Balance$-939,175$-1,287,849▼ $348,674
Total Liabilities and Net Assets / Fund Balance$15,749,255$14,324,997▼ $1,424,258

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,295,081-$1,295,081
Other Land Buildings$10,539,547$298,805-
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleBaseOtherTotal
Lionel T KennedySchool Leade$150,200-$150,200
Lionel T KennedySchool Leader$128,000$22,200$150,200

Board Members and Trustees

NameTitle
Stephanie BurtonBoard Chair
David StringerVice Chair
Andy JacksonDirector
Cicely BrownDirector
Marc HullDirector
Robert BakerDirector
Julie PaquetteSecretary/tr

Highest Paid Contractors

ContractorServicesLocationCompensation
Pinnacle Charter School ManagementManagement9681 GLADIOLUS DR SUITE 201, Fort Myers, FL 33908$584,125
Revenue and Support

Revenue Composition

Contributions and Grants
$4,314,819
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$111,731
Change in Net Assets
$-348,674

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,426,550
Total Revenue per Audited Statements
$4,426,550
Total Revenue per Form 990
$4,426,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,941,316
Salaries, Compensation, and Employee Benefits$1,833,908
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$997,739$391,125-$1,388,864
Interest$980,900--$980,900
Fees for Services Management-$584,125-$584,125
Fees for Services Other$390,624$107,605-$498,229
Other Employee Benefits$212,968$82,051-$295,019
Office Expenses$128,378$105,098-$233,476
Depreciation Depletion$182,778$45,694-$228,472
Information Technology$169,298--$169,298
Occupancy$64,332$64,332-$128,664
Payroll Taxes$92,133$35,655-$127,788
Advertising-$48,226-$48,226
Fees for Services Legal-$45,144-$45,144
Pension Plan Contributions$17,111$5,126-$22,237
Insurance-$22,020-$22,020
Fees for Services Accounting-$1,500-$1,500
Travel$631$631-$1,262
Total Functional Expenses$3,236,892$1,538,332$0$4,775,224

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,775,224
Total Expenses per Audited Statements$4,775,224
Total Expenses per Form 990$4,775,224
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
Capital Lease Payable$82,782
Accrued Interest Payable$81,742
Unamortized Bond Discount$-240,421

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASc Jobs-economic Development Auth2019-12-01$13,030,000-

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Management of the school was delegated to a pinnacle charter school management, a charter school management company, under the terms of a contract between the management company and the school. Oversight of the management company is performed by the board of directors.”

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

“Copy of form 990 is provided to management representatives to review and approve prior to filing of return.”

Form 990, Page 6, Part VI, Line 19

“The public will be provided a copy of the school's form 990 upon request.”

Filing and Contact Details

Filer

Filer Name
Legion Collegiate Academy
EIN
82-3998802
Phone
8036206040
Address
3090 LONG MEADOW ROAD, ROCK HILL, SC 29730

Signing Officer

Name
Stephanie Burton
Title
Board Chair
Phone
2394721323
Signed
2023-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Burton
Formed
2017
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
42
Volunteers
25

Preparer

Firm
Michael P Miller CPA Pl
Address
1648 PERIWINKLE WAY STE D, SANIBEL, FL 33957
Preparer
Michael P Miller CPA
Phone
2394721323
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

“The return originally filed was prepared prior to the completion of the organizations audit for the fiscal year ended june 30, 2021. This amended return updates the form 990 so it agrees to the fiscal 2021 audit.”

FORM 990 - ORGANIZATION'S MISSION

“Mission: legion collegiate academy (lca) serves high school students in a safe, small, family-centered environment who seek the opportunity and challenge of a rigorous curriculum, high academic standards, and elite athletics while earning up to two years of college credit.”

Form 990, Page 2, Part III, Line 4D

“Legion collegiate academy (lca) serves high school students in a safe, small, family-centered environment who seek the opportunity and challenge of a rigorous curriculum, high academic standards, and elite athletics while earning up to two years of college credit.”

Form 990, Part IX, Line 11G

“Audit 0 22,700 0 athlet supplies and equipment 165,016 0 0 instruction prog imp 4,000 0 0 instructional servs-althetics 103,250 0 0 transportation 11,792 0 0 facilities rentals 32,836 0 0 subcontract servs-instruc 25,730 0 0 staff services 48,000 0 0 other expenses 0 84,905 0 total 390,624 107,605 0”

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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015003
IRS990/PrincipalOfficerNm0STEPHANIE BURTON
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0LEGION COLLEGIATE ACADEMY (LCA) SERVES HIGH SCHOOL STUDENTS IN A SAFE, SMALL, FAMILY-CENTERED ENVIRONMENT WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, AND ELITE ATHLETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT.
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IRS990/PYSalariesCompEmpBnftPaidAmt01253526
IRS990/PYTotalExpensesAmt04202067
IRS990/PYTotalRevenueAmt03443957
IRS990/ReconcilationRevenueExpnssAmt0-348674
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09092350
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0820312
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt04775224
IRS990ScheduleD/LandGrp/BookValueAmt01295081
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01295081
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010539547
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0298805
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt010838352
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt082782
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt181742
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2-240421
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2UNAMORTIZED BOND DISCOUNT
IRS990ScheduleD/RevenueSubtotalAmt04426550
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011834628
IRS990ScheduleD/TotalExpensesPerForm990Amt04775224
IRS990ScheduleD/TotalLiabilityAmt0-75897
IRS990ScheduleD/TotalRevenuePerForm990Amt04426550
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04426550
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04775224
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 ORGANIZATION INCLUDES A NONDISCRIMINATION STATEMENT IN ITS PUBLISHED MATERIAL, WEBSITE AND CHARTER APPLICATION MATERIAL SO THE POLICY CAN BE KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1SCH E - FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION THE ORGANIZATION RECEIVES BOTH FEDERAL AND STATE OF SOUTH CAROLINA FUNDING. FEDERAL FUNDING IS PROVIDED PRIMARILY THROUGH YEARLY GRANTS THAT CAN VARY FROM YEAR TO YEAR BASED ON PROGRAMS MADE AVAILABLE BY THE FEDERAL GOVERNMENT. THE ORGANIZATION ALSO RECEIVES FUNDING FROM THE STATE OF SOUTH CAROLINA TO OPERATE AS A PUBLIC CHARTER SCHOOL IN THE STATE.
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/BaseCompensationFilingOrgAmt0128000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount015000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt07200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LIONEL T KENNEDY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SCHOOL LEADER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0150200
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02019-12-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt013030000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0SC JOBS-ECONOMIC DEVELOPMENT AUTH
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN ORIGINALLY FILED WAS PREPARED PRIOR TO THE COMPLETION OF THE ORGANIZATIONS AUDIT FOR THE FISCAL YEAR ENDED JUNE 30, 2021. THIS AMENDED RETURN UPDATES THE FORM 990 SO IT AGREES TO THE FISCAL 2021 AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MISSION: LEGION COLLEGIATE ACADEMY (LCA) SERVES HIGH SCHOOL STUDENTS IN A SAFE, SMALL, FAMILY-CENTERED ENVIRONMENT WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, AND ELITE ATHLETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LEGION COLLEGIATE ACADEMY (LCA) SERVES HIGH SCHOOL STUDENTS IN A SAFE, SMALL, FAMILY-CENTERED ENVIRONMENT WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, AND ELITE ATHLETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT OF THE SCHOOL WAS DELEGATED TO A PINNACLE CHARTER SCHOOL MANAGEMENT, A CHARTER SCHOOL MANAGEMENT COMPANY, UNDER THE TERMS OF A CONTRACT BETWEEN THE MANAGEMENT COMPANY AND THE SCHOOL. OVERSIGHT OF THE MANAGEMENT COMPANY IS PERFORMED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPY OF FORM 990 IS PROVIDED TO MANAGEMENT REPRESENTATIVES TO REVIEW AND APPROVE PRIOR TO FILING OF RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PUBLIC WILL BE PROVIDED A COPY OF THE SCHOOL'S FORM 990 UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AUDIT 0 22,700 0 ATHLET SUPPLIES AND EQUIPMENT 165,016 0 0 INSTRUCTION PROG IMP 4,000 0 0 INSTRUCTIONAL SERVS-ALTHETICS 103,250 0 0 TRANSPORTATION 11,792 0 0 FACILITIES RENTALS 32,836 0 0 SUBCONTRACT SERVS-INSTRUC 25,730 0 0 STAFF SERVICES 48,000 0 0 OTHER EXPENSES 0 84,905 0 TOTAL 390,624 107,605 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt013030000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt013030000
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt014324997
IRS990/TotalAssetsGrp/BOYAmt015749255
IRS990/TotalAssetsGrp/EOYAmt014324997
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt04314819
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01538332
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03236892
IRS990/TotalFunctionalExpensesGrp/TotalAmt04775224
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016688430
IRS990/TotalLiabilitiesEOYAmt015612846
IRS990/TotalLiabilitiesGrp/BOYAmt016688430
IRS990/TotalLiabilitiesGrp/EOYAmt015612846
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-939175
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1287849
IRS990/TotalOtherProgSrvcExpenseAmt03236892
IRS990/TotalProgramServiceExpensesAmt03236892
IRS990/TotalReportableCompFromOrgAmt0150200
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0111731
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04426550
IRS990/TotalVolunteersCnt025
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014324997
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IRS990/TravelGrp/ProgramServicesAmt0631
IRS990/TravelGrp/TotalAmt01262
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IRS990/UponRequestInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,324,997
Liabilities
$15,612,846
Net assets
-$1,287,849
Revenue
$4,426,550
Expenses
$4,775,224
Net income
-$348,674
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.6$16.0$0.37$7.14$6.30$0.83
2023Detailed filing. Detailed filing data is available for this year.$13.6$14.8$1.20$6.24$5.89$0.35
2022Detailed filing. Detailed filing data is available for this year.$13.5$15.0$1.55$5.14$5.40$0.26
2021Detailed filing. Detailed filing data is available for this year.$14.3$15.6$1.29$4.43$4.78$0.35
2020Detailed filing. Detailed filing data is available for this year.$15.7$16.7$0.94$3.44$4.20$0.76
2019Detailed filing. Detailed filing data is available for this year.$0.43$0.61$0.18$0.27$0.45$0.18