Civic Intelligence

Legacy Academy

EIN 84-1413963 • 501(c)3 • Elizabeth, CO

Profile

The mission of Legacy Academy is to guide students in the development of their character and academic potential through an academically rigorous, content-rich environment.

1975 Legacy CircleElizabeth, CO 80107

www.legacyk8.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.33x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

91st percentile

3.02x

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

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

Net Margin

79th percentile

26%

Higher net margin than 79% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

25th percentile

-1.9%

Faster asset growth than 25% of similar nonprofits.

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

Revenue Growth

56th percentile

9.5%

Faster revenue growth than 56% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$4,064,998

Down $799,385 (-16%) from 2024

Liabilities

Down

$7,495,604

Down $391,732 (-5.0%) from 2024

Net Assets

Down

-$3,430,606

Down $407,653 (-13%) from 2024

Operations
Liabilities / Revenue91st percentileNet Margin79th percentile

Revenue

Up

$6,772,143

Up $825,183 (+14%) from 2024

Expenses

Up

$7,179,796

Up $1,087,317 (+18%) from 2024

Net Income

Down

-$407,653

Down $262,134 (-180%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth25th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$10M$0-$10MAssets 2011: $6,787,618Liabilities 2011: $5,926,231Net Assets 2011: $861,3872011Assets 2012: $6,820,085Liabilities 2012: $6,369,512Net Assets 2012: $450,5732012Assets 2013: $6,747,893Liabilities 2013: $6,067,037Net Assets 2013: $680,8562013Assets 2014: $6,256,636Liabilities 2014: $5,729,094Net Assets 2014: $527,5422014Assets 2015: $6,406,060Liabilities 2015: $10,361,998Net Assets 2015: -$3,955,9382015Assets 2016: $6,827,812Liabilities 2016: $10,996,861Net Assets 2016: -$4,169,0492016Assets 2017: $10,148,156Liabilities 2017: $15,479,809Net Assets 2017: -$5,331,6532017Assets 2018: $10,003,729Liabilities 2018: $17,171,021Net Assets 2018: -$7,167,2922018Assets 2019: $12,777,503Liabilities 2019: $19,478,277Net Assets 2019: -$6,700,7742019Assets 2020: $12,974,648Liabilities 2020: $18,681,800Net Assets 2020: -$5,707,1522020Assets 2021: $12,732,692Liabilities 2021: $16,959,177Net Assets 2021: -$4,226,4852021Assets 2022: $12,265,761Liabilities 2022: $14,789,139Net Assets 2022: -$2,523,3782022Assets 2023: $12,771,837Liabilities 2023: $15,176,116Net Assets 2023: -$2,404,2792023Assets 2024: $4,864,383Liabilities 2024: $7,887,336Net Assets 2024: -$3,022,9532024Assets 2025: $4,064,998Liabilities 2025: $7,495,604Net Assets 2025: -$3,430,6062025

Highlighted filing

2025

Assets$4,064,998
Liabilities$7,495,604
Net Assets-$3,430,606
Open 2025 Filing

Operations Trend

Revenue Growth56th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $2,267,700Expenses 2011: $2,500,080Net Income 2011: -$232,3802011Revenue 2012: $3,020,694Expenses 2012: $3,431,508Net Income 2012: -$410,8142012Revenue 2013: $3,044,820Expenses 2013: $2,814,537Net Income 2013: $230,2832013Revenue 2014: $2,881,517Expenses 2014: $2,885,892Net Income 2014: -$4,3752014Revenue 2015: $2,947,124Expenses 2015: $3,204,053Net Income 2015: -$256,9292015Revenue 2016: $3,152,384Expenses 2016: $3,365,495Net Income 2016: -$213,1112016Revenue 2017: $3,563,744Expenses 2017: $4,701,316Net Income 2017: -$1,137,5722017Revenue 2018: $3,652,329Expenses 2018: $5,251,681Net Income 2018: -$1,599,3522018Revenue 2019: $4,201,075Expenses 2019: $3,734,557Net Income 2019: $466,5182019Revenue 2020: $5,128,026Expenses 2020: $4,134,404Net Income 2020: $993,6222020Revenue 2021: $5,616,648Expenses 2021: $4,135,981Net Income 2021: $1,480,6672021Revenue 2022: $6,521,082Expenses 2022: $4,817,975Net Income 2022: $1,703,1072022Revenue 2023: $5,652,405Expenses 2023: $5,533,306Net Income 2023: $119,0992023Revenue 2024: $5,946,960Expenses 2024: $6,092,479Net Income 2024: -$145,5192024Revenue 2025: $6,772,143Expenses 2025: $7,179,796Net Income 2025: -$407,6532025

Highlighted filing

2025

Revenue$6,772,143
Expenses$7,179,796
Net Income-$407,653
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,064,998
Liabilities
$7,495,604
Net assets
-$3,430,606
Revenue
$6,772,143
Expenses
$7,179,796
Net income
-$407,653
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.06$7.50$3.43$6.77$7.18$0.41
2024Detailed filing. Detailed filing data is available for this year.$4.86$7.89$3.02$5.95$6.09$0.15
2023Detailed filing. Detailed filing data is available for this year.$12.8$15.2$2.40$5.65$5.53$0.12
2022Detailed filing. Detailed filing data is available for this year.$12.3$14.8$2.52$6.52$4.82$1.70
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$17.0$4.23$5.62$4.14$1.48
2020Detailed filing. Detailed filing data is available for this year.$13.0$18.7$5.71$5.13$4.13$0.99
2019Detailed filing. Detailed filing data is available for this year.$12.8$19.5$6.70$4.20$3.73$0.47
2018Detailed filing. Detailed filing data is available for this year.$10.0$17.2$7.17$3.65$5.25$1.60
2017Detailed filing. Detailed filing data is available for this year.$10.1$15.5$5.33$3.56$4.70$1.14
2016Summary only. Only limited summary data is available for this year.$6.83$11.0$4.17$3.15$3.37$0.21
2015Summary only. Only limited summary data is available for this year.$6.41$10.4$3.96$2.95$3.20$0.26
2014Summary only. Only limited summary data is available for this year.$6.26$5.73$0.53$2.88$2.89$0.00
2013Summary only. Only limited summary data is available for this year.$6.75$6.07$0.68$3.04$2.81$0.23
2012Summary only. Only limited summary data is available for this year.$6.82$6.37$0.45$3.02$3.43$0.41
2011Summary only. Only limited summary data is available for this year.$6.79$5.93$0.86$2.27$2.50$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 23, 2026
Return Version
2024v5.5
Gross Receipts
$6,772,143
Mission and Program Overview

Mission

The mission of Legacy Academy is to guide students in the development of their character and academic potential through an academically rigorous, content-rich enviroment.

The mission of Legacy Academy is to guide students in the development of their character and academic potential through an academically rigorous, content-rich environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,700,425$1,665,238▼ $35,187
Cash and Non-Interest-Bearing Accounts$416,833$296,511▼ $120,322
Land, Buildings, and Equipment, Net$326,210$264,101▼ $62,109
Pledges and Grants Receivable$28,902$68,193▲ $39,291
Prepaid Expenses and Deferred Charges$43,456$64,425▲ $20,969
Other Notes and Loans Receivable, Net$46,542$45,269▼ $1,273
Accounts Receivable-$11,609-
Total Assets$4,864,383$4,064,998▼ $799,385
Other Assets Total$2,302,015$1,649,652▼ $652,363
Liabilities
Other Liabilities$7,493,513$7,151,615▼ $341,898
Accounts Payable and Accrued Expenses$291,066$277,371▼ $13,695
Deferred Revenue$60,038$63,320▲ $3,282
Mortgage Notes Payable Secured by Investment Property$42,719$3,298▼ $39,421
Total Liabilities$7,887,336$7,495,604▼ $391,732
Net Assets / Fund Balance
Net Assets With Donor Restrictions$177,000$200,000▲ $23,000
Net Assets Without Donor Restrictions$-3,199,953$-3,630,606▼ $430,653
Total Net Assets Fund Balance$-3,022,953$-3,430,606▼ $407,653
Total Liabilities and Net Assets / Fund Balance$4,864,383$4,064,998▼ $799,385

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$264,101$386,717$650,818
Other Assets Org$1,649,652--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tony VrugginkPrincipalFT$94,184$24,182$118,366

Board Members and Trustees

NameTitle
Matt VandiverPresident
Thomas HolmVice President
Jamey SampleCommunity Relations Officer
Simona ClarkSecretary
Megan DeckerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$522,892
Program Service Revenue
$6,167,044
Investment Income
$60,192
Other Revenue
$22,015
All Other Contributions
$11,300
Change in Net Assets
$-407,653

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,755,717
Revenue Not Reported on Financial Statements
$16,426
Revenue Not Reported on Form 990
$667,399
Other Revenue Adjustments
$16,426
Total Revenue per Audited Statements
$7,423,116
Total Revenue per Form 990
$6,772,143
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,660,812
Other Expenses$2,518,984
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,649,402$467,542-$3,116,944
Pension Plan Contributions$923,369$162,948-$1,086,317
Occupancy$706,212$124,626-$830,838
Other Employee Benefits$227,826$40,205-$268,031
Other Expenses$148,383$26,184-$174,567
All Other Expenses$152,074--$152,074
Fees for Services Other-$149,892-$149,892
Current Officers, Directors, Trustees, and Key Employees$116,605$20,577-$137,182
Insurance$60,569$10,689-$71,258
Depreciation Depletion$52,793$9,316-$62,109
Payroll Taxes$44,487$7,851-$52,338
Travel$28,308$4,995-$33,303
Advertising$28,162$4,970-$33,132
Fees for Services Legal-$29,865-$29,865
Fees for Services Accounting-$12,650-$12,650
Interest$1,816$320-$2,136
Total Functional Expenses$5,962,092$1,217,704$0$7,179,796

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,821,588
Expenses per Audited Statements$7,179,796
Total Expenses per Form 990$7,179,796
Expenses Not Reported on Form 990$641,792
Expenses Not Reported on Financial Statements$0
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
Net Pension Liabilities$7,040,043
Deferred Inflows of Resources$111,572
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“There are no committees with the authority to act on behalf of the Board.”

Form 990, Part VI, Section B, line 11B

“Legacy Academy distributes the draft Form 990 to be reviewed by a committee of the board president, treasurer, and outside business consultant (contractor, not employee).”

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

“The District's board policies are followed. In addition, we have language related to conflicts of interest under our board policy (GP#6) which is reviewed by the Board at least once per year (per the schedule in the board calendar). Elizabeth C-1 School Board Governance Policies - http://elizabeth.k12.co.us/BoardPolicies.aspx”

Form 990, Part VI, Section B, line 15A

“Board compensation is addressed under section 2.5 of the bylaws. Principal compensation could be covered under GP #1.b, GP #8. The monitoring/review would fall under GP #5.”

Form 990, Part VI, Section C, line 19

“Legacy Academy makes its governing documents and conflict of interest policy available on request and posts the financial statements on its website to be available to the public.”

Filing and Contact Details

Filer

Filer Name
Legacy Academy
EIN
84-1413963
Phone
3036462636
Address
1975 Legacy Circle, Elizabeth, CO 80107

Signing Officer

Name
Merlin Holmes
Title
President
Phone
3036462636
Signed
2026-02-23
Discuss with paid preparer
No

Organization Details

Principal Officer
Merlin Holmes
Formed
1997
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
125
Volunteers
0

Preparer

Firm
Hoelting & Company Inc
Address
31 East Platte Avenue Suite 300, Colorado Springs, CO 80903
Preparer
Thomas G Sistare
Phone
7196301091
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The Academy has not changed its oversight or selection process during the year.”

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

“Building Corporation Rental Income 633,786. Building Corporation Interest Income 33,613.”

Part XI, Line 4B - Other Adjustments:

“Building Corporation Transfers In 16,426.”

Part XII, Line 2D - Other Adjustments:

“Building Corporation Depreciation 268,016. Building Corporation Purchased Services 1,710. Building Corporation Interest and Other Fiscal Charges 372,066.”

Raw XML AppendixShowing 400 of 489 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/Desc0Provide education to students in K-8th grade, benefiting approximately 553 students, including a Before & After Program at school and a homeschool program.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Megan Decker
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt042719
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03298
IRS990/NetAssetsOrFundBalancesBOYAmt0-3022953
IRS990/NetAssetsOrFundBalancesEOYAmt0-3430606
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-3199953
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-3630606
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0124626
IRS990/OccupancyGrp/ProgramServicesAmt0706212
IRS990/OccupancyGrp/TotalAmt0830838
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02302015
IRS990/OtherAssetsTotalGrp/EOYAmt01649652
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt040205
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0227826
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0268031
IRS990/OtherExpensesGrp/Desc0Purchased Services
IRS990/OtherExpensesGrp/Desc1Authorizer Overhead
IRS990/OtherExpensesGrp/Desc2Non Cap Equip
IRS990/OtherExpensesGrp/Desc3Supplies
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt050238
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt148778
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt246058
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt326184
IRS990/OtherExpensesGrp/ProgramServicesAmt0284682
IRS990/OtherExpensesGrp/ProgramServicesAmt1276407
IRS990/OtherExpensesGrp/ProgramServicesAmt2260997
IRS990/OtherExpensesGrp/ProgramServicesAmt3148383
IRS990/OtherExpensesGrp/TotalAmt0334920
IRS990/OtherExpensesGrp/TotalAmt1325185
IRS990/OtherExpensesGrp/TotalAmt2307055
IRS990/OtherExpensesGrp/TotalAmt3174567
IRS990/OtherLiabilitiesGrp/BOYAmt07493513
IRS990/OtherLiabilitiesGrp/EOYAmt07151615
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/BusinessCd1611710
IRS990/OtherRevenueMiscGrp/Desc0Transfers
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt016426
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15589
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt016426
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15589
IRS990/OtherRevenueTotalAmt022015
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0467542
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02649402
IRS990/OtherSalariesAndWagesGrp/TotalAmt03116944
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt046542
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt045269
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07851
IRS990/PayrollTaxesGrp/ProgramServicesAmt044487
IRS990/PayrollTaxesGrp/TotalAmt052338
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0162948
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0923369
IRS990/PensionPlanContributionsGrp/TotalAmt01086317
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt028902
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt068193
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt043456
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt064425
IRS990/PrincipalOfficerNm0Merlin Holmes
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0Pupil funding/Tuition
IRS990/ProgramServiceRevenueGrp/Desc1District Mill Levy
IRS990/ProgramServiceRevenueGrp/Desc2Charges for Services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05582891
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1352630
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2231523
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05582891
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1352630
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2231523
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0475094
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt096061
IRS990/PYOtherExpensesAmt02243874
IRS990/PYOtherRevenueAmt041696
IRS990/PYProgramServiceRevenueAmt05334109
IRS990/PYRevenuesLessExpensesAmt0-145519
IRS990/PYSalariesCompEmpBnftPaidAmt03848605
IRS990/PYTotalExpensesAmt06092479
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05946960
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-407653
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06189059
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01700425
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01665238
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0264101
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0386717
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0650818
IRS990ScheduleD/ExpensesNotReportedAmt0641792
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07179796
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01649652
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherExpensesIncludedAmt0641792
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07040043
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1111572
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows of Resources
IRS990ScheduleD/OtherRevenueAmt0667399
IRS990ScheduleD/OtherRevenuesNotIncludedAmt016426
IRS990ScheduleD/RevenueNotReportedAmt0667399
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt016426
IRS990ScheduleD/RevenueSubtotalAmt06755717
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Building Corporation Rental Income 633,786. Building Corporation Interest Income 33,613.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Building Corporation Transfers In 16,426.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Building Corporation Depreciation 268,016. Building Corporation Purchased Services 1,710. Building Corporation Interest and Other Fiscal Charges 372,066.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0264101
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01649652
IRS990ScheduleD/TotalExpensesPerForm990Amt07179796
IRS990ScheduleD/TotalLiabilityAmt07151615
IRS990ScheduleD/TotalRevenuePerForm990Amt06772143
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07423116
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07821588
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/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0In accordance with all Elizabeth C-1 policies, Legacy Academy does not radically discriminate against students and publicizes this policy on all flyers, enrollment forms, and on the website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Per pupil revenue and various grant money is received from the State of Colorado, the Colorado Department of Education, and the Colorado Department of Health Services.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no committees with the authority to act on behalf of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Legacy Academy distributes the draft Form 990 to be reviewed by a committee of the board president, treasurer, and outside business consultant (contractor, not employee).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The District's board policies are followed. In addition, we have language related to conflicts of interest under our board policy (GP#6) which is reviewed by the Board at least once per year (per the schedule in the board calendar). Elizabeth C-1 School Board Governance Policies - http://elizabeth.k12.co.us/BoardPolicies.aspx
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board compensation is addressed under section 2.5 of the bylaws. Principal compensation could be covered under GP #1.b, GP #8. The monitoring/review would fall under GP #5.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Legacy Academy makes its governing documents and conflict of interest policy available on request and posts the financial statements on its website to be available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Academy has not changed its oversight or selection process during the year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Legacy Academy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Legacy Academy Parent Teacher Community Organization
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Elbert County Charter School Building Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0472342822
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1365095683
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Support Legacy Academy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Provide Facilities to Legacy Academy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(a)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01975 Legacy Circle
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11975 Legacy Circle
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Elizabeth
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Elizabeth
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd080107
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd180107
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0633786
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt116426
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Fair Market Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Fair Market Value

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