Civic Intelligence

Legacy Academy

990 • Fiscal year 2017 • EIN 84-1413963

Jul 01, 2016 to Jun 30, 2017 • Filed on May 02, 2018

Organization Profilewww.legacyk8.org
1975 Legacy CircleElizabeth, CO 80107

(303) 646-2636

Siviq Scores

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

Liabilities / Assets

98th percentile

1.53x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

4.34x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

8th percentile

-32%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$10,148,156

Up $3,320,344 (+49%) from 2016

Net Assets

Down

-$5,331,653

Down $1,162,604 (-28%) from 2016

Liabilities

Up

$15,479,809

Up $4,482,948 (+41%) from 2016

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin8th percentile

Revenue

Up

$3,563,744

Up $411,360 (+13%) from 2016

Expenses

Up

$4,701,316

Up $1,335,821 (+40%) from 2016

Net Income

Down

-$1,137,572

Down $924,461 (-434%) from 2016

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2017

Assets$10,148,156
Liabilities$15,479,809
Net Assets-$5,331,653
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$3,563,744
Expenses$4,701,316
Net Income-$1,137,572
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 2, 2018
Return Version
2016v3.0
Gross Receipts
$3,569,955
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,655,444$4,524,626▼ $130,818
Savings and Temporary Cash Investments$41,661$541,851▲ $500,190
Cash and Non-Interest-Bearing Accounts$625,374$389,255▼ $236,119
Prepaid Expenses and Deferred Charges$27,040$14,287▼ $12,753
Pledges and Grants Receivable-$11,366-
Accounts Receivable$2,386$5,616▲ $3,230
Other Notes and Loans Receivable, Net-$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-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$-630,906$-578,596▲ $52,310
Rtn Earn Endowment Incm Other Fnds$-3,538,143$-4,753,057▼ $1,214,914
Total Assets$6,827,812$10,148,156▲ $3,320,344
Other Assets Total$1,475,907$4,661,155▲ $3,185,248
Liabilities
Other Liabilities$5,217,732$10,012,792▲ $4,795,060
Tax Exempt Bond Liabilities$5,435,000$5,236,861▼ $198,139
Accounts Payable and Accrued Expenses$199,345$189,382▼ $9,963
Mortgage Notes Payable Secured by Investment Property$112,073--
Deferred Revenue$32,711$40,774▲ $8,063
Total Liabilities$10,996,861$15,479,809▲ $4,482,948
Net Assets / Fund Balance
Total Net Assets Fund Balance$-4,169,049$-5,331,653▼ $1,162,604
Total Liabilities and Net Assets / Fund Balance$6,827,812$10,148,156▲ $3,320,344

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,080,718$1,547,858$5,628,576
Land$347,000-$347,000
Equipment$96,908$67,168$164,076
Other Assets Org$662,223--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kurt NaberExecutive DirectorFT$78,928$2,576$81,504

Board Members and Trustees

NameTitle
Dallas SchroderPresident
Kim BaumVice President
Kathy SmithComm Relations
Mindy KashnerSecretary
Tom ReckeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$264,166
Program Service Revenue
$3,258,410
Investment Income
$22,737
Other Revenue
$18,431
All Other Contributions
$51,693
Change in Net Assets
$-1,137,572

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,538,712
Revenue Not Reported on Financial Statements
$25,032
Revenue Not Reported on Form 990
$6,211
Other Revenue Adjustments
$25,032
Total Revenue per Audited Statements
$3,544,923
Total Revenue per Form 990
$3,563,744
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,674,992
Salaries, Compensation, and Employee Benefits$2,026,324
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,229,520$325,962-$1,555,482
Pension Plan Contributions$236,129$47,115-$283,244
Interest$176,425$57,037-$233,462
Fees for Services Other$145,511$30,300-$175,811
Occupancy$125,121$41,707-$166,828
Depreciation Depletion$119,989$35,179-$155,168
Current Officers, Directors, Trustees, and Key Employees-$100,571-$100,571
Other Employee Benefits$36,826$22,768-$59,594
Travel$33,894$694-$34,588
Insurance-$28,377-$28,377
Payroll Taxes$21,684$5,749-$27,433
All Other Expenses$11,627$4,264-$15,891
Office Expenses$1,281$11,966-$13,247
Advertising-$13,025-$13,025
Other Expenses$64,176$8,077-$8,077
Fees for Services Accounting-$8,000-$8,000
Total Functional Expenses$3,595,067$1,106,249$0$4,701,316

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,707,527
Expenses per Audited Statements$4,701,316
Total Expenses per Form 990$4,701,316
Expenses Not Reported on Form 990$6,211
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,750
Fundraising Direct Expenses$6,211
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
Net Pension Liability - GASB 68$9,907,564
Pensions - Deferred Inflows - GASB 68$105,228

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACO Edu and Cult Fac Auth2016-06-01$5,435,000Refund prior issue

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$5,435,000--$273,035

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
Yes
Exception to rebate
No
Corrective action procedures
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“Parents elect the school Board of Director members”

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

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

Form 990, Part VI, Line 11B: Form 990 Review Process

“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, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“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, Line 15A: Compensation Review & Approval Process - CEO, Top Management

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

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Legacy Academy makes its governing documents and conflict of interest policy available on request and posts 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
Kurt Naber
Title
Executive Director
Signed
2018-05-02
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
86

Preparer

Firm
Hinkle & Company Pc
Address
5028 East 101st St, Tulsa, OK 74137
Preparer
James D Hinkle CPA
Phone
9184923388
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Transfers = -$25032”

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Direct fundraising expenses $6211”

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Transfers $25032”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Direct fundraising expenses $6211”

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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The mission of Legacy Academy is to guide students in the development of their character and academic potential through an academically rigorous, content-rich enviroment.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0112073
IRS990/NetAssetsOrFundBalancesBOYAmt0-4169049
IRS990/NetAssetsOrFundBalancesEOYAmt0-5331653
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt08539
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt041707
IRS990/OccupancyGrp/ProgramServicesAmt0125121
IRS990/OccupancyGrp/TotalAmt0166828
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011966
IRS990/OfficeExpensesGrp/ProgramServicesAmt01281
IRS990/OfficeExpensesGrp/TotalAmt013247
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01475907
IRS990/OtherAssetsTotalGrp/EOYAmt04661155
IRS990/OtherChangesInNetAssetsAmt0-25032
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022768
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt036826
IRS990/OtherEmployeeBenefitsGrp/TotalAmt059594
IRS990/OtherExpensesGrp/Desc0Pension Accrual Adjustment
IRS990/OtherExpensesGrp/Desc1Non-capitalized Equip & Furn
IRS990/OtherExpensesGrp/Desc2Supplies, Books, Online Media
IRS990/OtherExpensesGrp/Desc3Bond Fees & Issuance Costs
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0330788
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt134670
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt28077
IRS990/OtherExpensesGrp/ProgramServicesAmt01247723
IRS990/OtherExpensesGrp/ProgramServicesAmt1145161
IRS990/OtherExpensesGrp/ProgramServicesAmt264176
IRS990/OtherExpensesGrp/TotalAmt01578511
IRS990/OtherExpensesGrp/TotalAmt1145161
IRS990/OtherExpensesGrp/TotalAmt298846
IRS990/OtherExpensesGrp/TotalAmt38077
IRS990/OtherLiabilitiesGrp/BOYAmt05217732
IRS990/OtherLiabilitiesGrp/EOYAmt010012792
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09892
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09892
IRS990/OtherRevenueTotalAmt09892
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0325962
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01229520
IRS990/OtherSalariesAndWagesGrp/TotalAmt01555482
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05749
IRS990/PayrollTaxesGrp/ProgramServicesAmt021684
IRS990/PayrollTaxesGrp/TotalAmt027433
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-630906
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-578596
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt047115
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0236129
IRS990/PensionPlanContributionsGrp/TotalAmt0283244
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt011366
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027040
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014287
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0Per Pupil Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Student Fees
IRS990/ProgramServiceRevenueGrp/Desc2Transportation
IRS990/ProgramServiceRevenueGrp/Desc3Tuition
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03129226
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt166816
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt228321
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt334047
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03129226
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt166816
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt228321
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt334047
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0228194
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt028576
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01282562
IRS990/PYOtherRevenueAmt020594
IRS990/PYProgramServiceRevenueAmt02875020
IRS990/PYRevenuesLessExpensesAmt0-213111
IRS990/PYSalariesCompEmpBnftPaidAmt02082933
IRS990/PYTotalExpensesAmt03365495
IRS990/PYTotalRevenueAmt03152384
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1137572
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03258338
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-3538143
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-4753057
IRS990/SavingsAndTempCashInvstGrp/BOYAmt041661
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0541851
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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/BookValueAmt04080718
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01547858
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05628576
IRS990ScheduleD/EquipmentGrp/BookValueAmt096908
IRS990ScheduleD/EquipmentGrp/DepreciationAmt067168
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0164076
IRS990ScheduleD/ExpensesNotReportedAmt06211
IRS990ScheduleD/ExpensesSubtotalAmt04701316
IRS990ScheduleD/LandGrp/BookValueAmt0347000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0347000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0133639
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13865293
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2662223
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Loss on Debt Refunding, net
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Pensions - Deferred Outflows - GASB 68
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Restricted Cash
IRS990ScheduleD/OtherExpensesIncludedAmt06211
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09907564
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1105228
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability - GASB 68
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pensions - Deferred Inflows - GASB 68
IRS990ScheduleD/OtherRevenueAmt06211
IRS990ScheduleD/OtherRevenuesNotIncludedAmt025032
IRS990ScheduleD/RevenueNotReportedAmt06211
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt025032
IRS990ScheduleD/RevenueSubtotalAmt03538712
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Direct fundraising expenses $6211
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Transfers $25032
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Direct fundraising expenses $6211
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04524626
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04661155
IRS990ScheduleD/TotalExpensesPerForm990Amt04701316
IRS990ScheduleD/TotalLiabilityAmt010012792
IRS990ScheduleD/TotalRevenuePerForm990Amt03563744
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03544923
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04707527
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/ExplanationTxt0Line 6a - Per pupil revenue and various grant money is received from the State of Colorado and the Colorado Department of Education
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1In accordance with all Elizabeth C-1 policies. Legacy Academy does not radically discriminate against students & poblicizes this policy on all flyers, enrollment forms, and on the website.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 5 - Explanation of Organization Discrimination by Race

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,148,156
Liabilities
$15,479,809
Net assets
-$5,331,653
Revenue
$3,563,744
Expenses
$4,701,316
Net income
-$1,137,572
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