Civic Intelligence

Ms Delta Academies

990 • Fiscal year 2024 • EIN 82-4526012

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 05, 2025

500 W Washington StGreenwood, MS 38930

(225) 302-8228

Siviq Scores

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

Liabilities / Assets

84th percentile

0.51x

Higher debt load relative to assets than 84% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.54x

Higher debt load relative to revenue than 82% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

60th percentile

9.4%

Higher net margin than 60% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

79th percentile

$135,424

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

69th percentile

13%

Faster asset growth than 69% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

-11%

Faster revenue growth than 21% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,363,400

Up $487,275 (+13%) from 2023

Net Assets

Up

$2,122,138

Up $390,311 (+23%) from 2023

Liabilities

Up

$2,241,262

Up $96,964 (+4.5%) from 2023

Revenue

Down

$4,130,982

Down $532,503 (-11%) from 2023

Expenses

Down

$3,740,671

Down $4,927 (-0.1%) from 2023

Net Income

Down

$390,311

Down $527,576 (-57%) from 2023

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2018: $215,000Liabilities 2018: $12,052Net Assets 2018: $202,9482018Assets 2020: $70,253Liabilities 2020: $65,657Net Assets 2020: $4,5962020Assets 2021: $315,188Liabilities 2021: $192,750Net Assets 2021: $122,4382021Assets 2022: $1,920,249Liabilities 2022: $1,106,309Net Assets 2022: $813,9402022Assets 2023: $3,876,125Liabilities 2023: $2,144,298Net Assets 2023: $1,731,8272023Assets 2024: $4,363,400Liabilities 2024: $2,241,262Net Assets 2024: $2,122,1382024Assets 2025: $4,108,431Liabilities 2025: $2,143,446Net Assets 2025: $1,964,9852025

Highlighted filing

2024

Assets$4,363,400
Liabilities$2,241,262
Net Assets$2,122,138

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $215,000Expenses 2018: $12,052Net Income 2018: $202,9482018Revenue 2020: $264,902Expenses 2020: $260,306Net Income 2020: $4,5962020Revenue 2021: $1,997,310Expenses 2021: $1,863,081Net Income 2021: $134,2292021Revenue 2022: $3,431,201Expenses 2022: $2,739,699Net Income 2022: $691,5022022Revenue 2023: $4,663,485Expenses 2023: $3,745,598Net Income 2023: $917,8872023Revenue 2024: $4,130,982Expenses 2024: $3,740,671Net Income 2024: $390,3112024Revenue 2025: $3,201,859Expenses 2025: $3,359,012Net Income 2025: -$157,1532025

Highlighted filing

2024

Revenue$4,130,982
Expenses$3,740,671
Net Income$390,311
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 5, 2025
Return Version
2023v6.0
Gross Receipts
$4,130,982
Mission and Program Overview

Mission

At Leflore Legacy Academy, we equip and empower middle school students with a personalized rigorous and relevant college preparatory curriculum enabling success in high school, college, and life. We aim to create a culture of college going and college graduating students who will become productive and prepared citizens enjoying academic, social, and financial success.

At Leflore Legacy Academy, we equip and empower middle school scholars with a personalized rigorous and relevant college preparatory curriculum enabling success in high school, college, and life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,340,069$2,307,455▼ $32,614
Cash and Non-Interest-Bearing Accounts$1,394,668$1,865,930▲ $471,262
Accounts Receivable$128,637$168,607▲ $39,970
Prepaid Expenses and Deferred Charges$12,751$21,408▲ $8,657
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,876,125$4,363,400▲ $487,275
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,012,238$2,104,742▲ $92,504
Unsecured Notes Loans Payable$85,335$83,109▼ $2,226
Other Liabilities$38,416$27,579▼ $10,837
Accounts Payable and Accrued Expenses$8,309$25,832▲ $17,523
Total Liabilities$2,144,298$2,241,262▲ $96,964
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,731,827$2,090,464▲ $358,637
Net Assets With Donor Restrictions-$31,674-
Total Net Assets Fund Balance$1,731,827$2,122,138▲ $390,311
Total Liabilities and Net Assets / Fund Balance$3,876,125$4,363,400▲ $487,275

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,111,998$75,696$1,187,694
Buildings$607,087$34,260$641,347
Other Land Buildings$199,021$236,614$435,635
Equipment$189,349$50,551$239,900
Land$200,000-$200,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tamala Boyd ShawExec DirectorFT$118,221$17,203$135,424

Board Members and Trustees

NameTitle
Emily CupplesBoard Chair
McKinley MartinVice Chair
Cassandria HansbroughBoard Member
Erin MulliganBoard Member
Tracy MimsBoard Member
Williams BrackBoard Member
Erica PlybeahSecretary
Jacquelyn BrownlowTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,833,287
Program Service Revenue
$2,278,234
Investment Income
$18,461
Other Revenue
$1,000
All Other Contributions
$457,273
Change in Net Assets
$390,311

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,130,982
Total Revenue per Audited Statements
$4,130,982
Total Revenue per Form 990
$4,130,982
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,265,101
Other Expenses$1,475,570
Total Fundraising Expense$62,122
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,528,743$233,808$35,970$1,798,521
Fees for Services Other$212,607$32,516$5,003$250,126
All Other Expenses$190,093$28,335$3,551$221,979
Depreciation Depletion$140,886$21,547$3,315$165,748
Other Employee Benefits$140,639$21,510$3,309$165,458
Payroll Taxes$120,561$18,439$2,837$141,837
Current Officers, Directors, Trustees, and Key Employees$115,110$17,605$2,709$135,424
Interest$82,514$14,561-$97,075
Travel$74,318$11,366$1,749$87,433
Other Expenses$57,449$8,786$1,352$67,587
Insurance$55,577$8,500$1,308$65,385
Pension Plan Contributions$20,282$3,102$477$23,861
Advertising$13,928$2,130$328$16,386
Office Expenses$9,087$1,389$214$10,690
Total Functional Expenses$3,240,500$438,049$62,122$3,740,671

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,740,671
Total Expenses per Audited Statements$3,740,671
Total Expenses per Form 990$3,740,671
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued salaries$20,861
Accrued interest$6,718
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 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, Section B, Line 11B

Tax return copy made available via email to all board members

Form 990, Part VI, Section B, Line 12C

All board members & key employees are requested to provide any change in status

Form 990, Part VI, Section C, Line 19

Upon request

Filing and Contact Details

Filer

Filer Name
MS Delta Academies dba Leflore Legacy Ac
EIN
82-4526012
Phone
2253028228
Address
500 W Washington St, Greenwood, MS 38930

Signing Officer

Name
Tamala Boyd Shaw
Title
Executive Director
Signed
2025-03-05
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
Ms
Voting Board Members
8
Independent Board Members
8
Employees
60

Preparer

Firm
Daigrepont & Brian a Prof Acct Corp
Address
910 S ACADIAN THRUWAY, BATON ROUGE, LA 70806
Preparer
John M Goodwin CPA
Phone
2259273760
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The School accounts for income taxes in accordance with FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. Management believes it has no material uncertain tax positions and, accordingly has not recognized a liability for any unrecognized tax benefits. The School is a not-for-profit organization that is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The School files information returns in the U.S. federal jurisdiction. The School is not subject to U.S. federal income tax examinations by tax authorities beyond three years from the filing of those returns.

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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt01000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01000
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IRS990/OfficeExpensesGrp/ProgramServicesAmt09087
IRS990/OfficeExpensesGrp/TotalAmt010690
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03309
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0140639
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0165458
IRS990/OtherExpensesGrp/Desc0Curriculum materials and softw
IRS990/OtherExpensesGrp/Desc1Food service
IRS990/OtherExpensesGrp/Desc2Professional development
IRS990/OtherExpensesGrp/Desc3Utilities
IRS990/OtherExpensesGrp/FundraisingAmt01352
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014455
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18786
IRS990/OtherExpensesGrp/ProgramServicesAmt0278142
IRS990/OtherExpensesGrp/ProgramServicesAmt1118649
IRS990/OtherExpensesGrp/ProgramServicesAmt281915
IRS990/OtherExpensesGrp/ProgramServicesAmt357449
IRS990/OtherExpensesGrp/TotalAmt0278142
IRS990/OtherExpensesGrp/TotalAmt1118649
IRS990/OtherExpensesGrp/TotalAmt296370
IRS990/OtherExpensesGrp/TotalAmt367587
IRS990/OtherLiabilitiesGrp/BOYAmt038416
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IRS990/OtherSalariesAndWagesGrp/TotalAmt01798521
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IRS990/PartialLiquidationInd0false
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IRS990/PayrollTaxesGrp/FundraisingAmt02837
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018439
IRS990/PayrollTaxesGrp/ProgramServicesAmt0120561
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IRS990/PensionPlanContributionsGrp/FundraisingAmt0477
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03102
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt020282
IRS990/PensionPlanContributionsGrp/TotalAmt023861
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021408
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IRS990/ProgramServiceRevenueGrp/Desc1Smart Snacks in Schools
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110229
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt231492
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110229
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt231492
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02425786
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01476541
IRS990/PYProgramServiceRevenueAmt02237699
IRS990/PYRevenuesLessExpensesAmt0917887
IRS990/PYSalariesCompEmpBnftPaidAmt02269057
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IRS990/ReconcilationRevenueExpnssAmt0390311
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt01000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02278234
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleA/SchoolInd0X
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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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0607087
IRS990ScheduleD/BuildingsGrp/DepreciationAmt034260
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0641347
IRS990ScheduleD/EquipmentGrp/BookValueAmt0189349
IRS990ScheduleD/EquipmentGrp/DepreciationAmt050551
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0239900
IRS990ScheduleD/ExpensesSubtotalAmt03740671
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0200000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0200000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01111998
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt075696
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01187694
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0199021
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0236614
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0435635
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06718
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt120861
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued interest
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued salaries
IRS990ScheduleD/RevenueSubtotalAmt04130982
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School accounts for income taxes in accordance with FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. Management believes it has no material uncertain tax positions and, accordingly has not recognized a liability for any unrecognized tax benefits. The School is a not-for-profit organization that is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The School files information returns in the U.S. federal jurisdiction. The School is not subject to U.S. federal income tax examinations by tax authorities beyond three years from the filing of those returns.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02307455
IRS990ScheduleD/TotalExpensesPerForm990Amt03740671
IRS990ScheduleD/TotalLiabilityAmt027579
IRS990ScheduleD/TotalRevenuePerForm990Amt04130982
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04130982
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03740671
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/ExplanationTxt0Through newspaper, radio & television ads
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race

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