Civic Intelligence

Legacy Academy

990 • Fiscal year 2020 • EIN 84-1413963

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 08, 2021

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

1.44x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

3.64x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

76th percentile

19%

Higher net margin than 76% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

17th percentile

$70,712

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

33rd percentile

1.5%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

79th percentile

22%

Faster revenue growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$12,974,648

Up $197,145 (+1.5%) from 2019

Net Assets

Up

-$5,707,152

Up $993,622 (+15%) from 2019

Liabilities

Down

$18,681,800

Down $796,477 (-4.1%) from 2019

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin76th percentile

Revenue

Up

$5,128,026

Up $926,951 (+22%) from 2019

Expenses

Up

$4,134,404

Up $399,847 (+11%) from 2019

Net Income

Up

$993,622

Up $527,104 (+113%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

2020

Assets$12,974,648
Liabilities$18,681,800
Net Assets-$5,707,152
Open 2020 Filing

Operations Trend

Revenue Growth79th percentile

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

2020

Revenue$5,128,026
Expenses$4,134,404
Net Income$993,622
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 8, 2021
Return Version
2019v5.2
Gross Receipts
$5,130,289
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 environment.

See Schedule O.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$4,211,859$8,420,917▲ $4,209,058
Savings and Temporary Cash Investments$6,368,672$3,658,432▼ $2,710,240
Prepaid Expenses and Deferred Charges$1,966,317$772,630▼ $1,193,687
Cash and Non-Interest-Bearing Accounts$227,265$120,242▼ $107,023
Accounts Receivable$3,390$2,427▼ $963
Cap Stk Tr Prin Current Funds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-5,132,654$-728,263▲ $4,404,391
Rtn Earn Endowment Incm Other Fnds$-1,568,120$-4,978,889▼ $3,410,769
Total Assets$12,777,503$12,974,648▲ $197,145
Liabilities
Tax Exempt Bond Liabilities$9,448,142$9,235,977▼ $212,165
Other Liabilities$9,793,834$7,918,045▼ $1,875,789
Accounts Payable and Accrued Expenses$192,930$1,310,986▲ $1,118,056
Deferred Revenue$43,371$216,792▲ $173,421
Total Liabilities$19,478,277$18,681,800▼ $796,477
Net Assets / Fund Balance
Total Net Assets Fund Balance$-6,700,774$-5,707,152▲ $993,622
Total Liabilities and Net Assets / Fund Balance$12,777,503$12,974,648▲ $197,145

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,998,716$1,970,000$9,968,716
Land$347,000-$347,000
Equipment$75,201$118,340$193,541
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tammy ThornExecutive DirectorFT$70,712$70,712

Board Members and Trustees

NameTitle
Kathy SmithPresident
Kristal WatsonMember
Matt FonteMember
Matt LedesmaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$312,509
Program Service Revenue
$4,022,223
Investment Income
$112,158
Other Revenue
$681,136
All Other Contributions
$3,649
Change in Net Assets
$993,622

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,456,387
Revenue Not Reported on Financial Statements
$671,639
Revenue Not Reported on Form 990
$2,263
Other Revenue Adjustments
$671,639
Total Revenue per Audited Statements
$4,458,650
Total Revenue per Form 990
$5,128,026
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,509,873
Other Expenses$1,624,531
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,514,156$394,890-$1,909,046
Fees for Services Other$433,891$162,081-$595,972
Interest$315,922$105,307-$421,229
Pension Plan Contributions$301,272$80,997-$382,269
Depreciation Depletion$123,519$41,173-$164,692
Occupancy$116,877$30,903-$147,780
Current Officers, Directors, Trustees, and Key Employees-$102,724-$102,724
Other Employee Benefits$76,851$5,413-$82,264
Information Technology$55,299--$55,299
Travel$34,722$160-$34,882
Payroll Taxes$26,457$7,113-$33,570
Office Expenses$8,656$19,657-$28,313
Insurance$18,942$6,314-$25,256
Fees for Services Legal-$14,684-$14,684
Advertising-$14,398-$14,398
Other Expenses$3,065$8,318-$11,383
Fees for Services Accounting-$8,500-$8,500
Total Functional Expenses$3,103,818$1,030,586$0$4,134,404

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,134,404
Total Expenses per Audited Statements$3,465,028
Expenses per Audited Statements$3,462,765
Expenses Not Reported on Financial Statements$671,639
Other Expense Adjustments$671,639
Expenses Not Reported on Form 990$2,263
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,663
Fundraising Direct Expenses$2,263
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 Liability - GASB 68$4,599,192
Pensions - Deferred Inflows - GASB 68$3,051,007
OPEB Liability$226,083
OPEB - Deferred$41,763

Bond Issues

BondIssuerIssuedIssue PricePurpose
BCo Edu and Cult Fac Auth2019-04-04$9,500,000Outstanding debts & construct
ACo Edu and Cult Fac Auth2016-06-01$5,435,000Refund prior issue

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$9,500,000--$242,959
A$5,435,000--$273,035

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
Yes
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“Line 6 explanation - Parents elect the School Board of Director members.”

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

“Line 8 Explanation - 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
Matt Ledesma
Title
President
Phone
3036462636
Signed
2021-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Ledesma
Formed
1997
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
4
Employees
92
Volunteers
200

Preparer

Firm
Hinkle & Company PC
Address
5028 E 101st Street, Tulsa, OK 74137
Preparer
James D Hinkle
Phone
9184923388
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Other Purchased Services: Program service expenses 433,891. Management and general expenses 162,081. Fundraising expenses 0. Total expenses 595,972.”

Form 990, Part XII, Line 2C

“This process of a committee overseeing the audit and assuming responsibility has not changed from the prior year.”

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

“Direct fundraising expenses 2,263.”

Part XI, Line 4B - Other Adjustments:

“Pension Accrual Adjustment 671,639.”

Part XII, Line 2D - Other Adjustments:

“Direct fundraising expenses 2,263.”

Part XII, Line 4B - Other Adjustments:

“Pension Accrual Adjustment 671,639.”

Raw XML AppendixShowing 400 of 563 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0192930
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01310986
IRS990/AccountsReceivableGrp/BOYAmt03390
IRS990/AccountsReceivableGrp/EOYAmt02427
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0See Schedule O.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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt014398
IRS990/AdvertisingGrp/TotalAmt014398
IRS990/AllOtherContributionsAmt03649
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Boos Financial Services Inc
IRS990/BooksInCareOfDetail/PhoneNum03036435642
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010190 N Bannock Ste 104
IRS990/BooksInCareOfDetail/USAddress/CityNm0Northglenn
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd080260
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0227265
IRS990/CashNonInterestBearingGrp/EOYAmt0120242
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0102724
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0102724
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0312509
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0112158
IRS990/CYOtherExpensesAmt01624531
IRS990/CYOtherRevenueAmt0681136
IRS990/CYProgramServiceRevenueAmt04022223
IRS990/CYRevenuesLessExpensesAmt0993622
IRS990/CYSalariesCompEmpBnftPaidAmt02509873
IRS990/CYTotalExpensesAmt04134404
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05128026
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt043371
IRS990/DeferredRevenueGrp/EOYAmt0216792
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt041173
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0123519
IRS990/DepreciationDepletionGrp/TotalAmt0164692
IRS990/Desc0Provide education to students in K-8th grade benefiting approximately 464 students, including a Before & After Program at school and a homeschool program.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt092
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt03103818
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08500
IRS990/FeesForServicesAccountingGrp/TotalAmt08500
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt014684
IRS990/FeesForServicesLegalGrp/TotalAmt014684
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0162081
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0433891
IRS990/FeesForServicesOtherGrp/TotalAmt0595972
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0Matt Ledesma
IRS990/Form990PartVIISectionAGrp/PersonNm1Kathy Smith
IRS990/Form990PartVIISectionAGrp/PersonNm2Kristal Watson
IRS990/Form990PartVIISectionAGrp/PersonNm3Matt Fonte
IRS990/Form990PartVIISectionAGrp/PersonNm4Tammy Thorn
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt470712
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Executive Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt02263
IRS990/FundraisingGrossIncomeAmt04663
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt0308860
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05130289
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt055299
IRS990/InformationTechnologyGrp/TotalAmt055299
IRS990/InsuranceGrp/ManagementAndGeneralAmt06314
IRS990/InsuranceGrp/ProgramServicesAmt018942
IRS990/InsuranceGrp/TotalAmt025256
IRS990/InterestGrp/ManagementAndGeneralAmt0105307
IRS990/InterestGrp/ProgramServicesAmt0315922
IRS990/InterestGrp/TotalAmt0421229
IRS990/InvestmentIncomeGrp/ExclusionAmt0112158
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0112158
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02088340
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04211859
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08420917
IRS990/LandBldgEquipCostOrOtherBssAmt010509257
IRS990/LegalDomicileStateCd0CO
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
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/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-6700774
IRS990/NetAssetsOrFundBalancesEOYAmt0-5707152
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt02400
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt02400
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt030903
IRS990/OccupancyGrp/ProgramServicesAmt0116877
IRS990/OccupancyGrp/TotalAmt0147780
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019657
IRS990/OfficeExpensesGrp/ProgramServicesAmt08656
IRS990/OfficeExpensesGrp/TotalAmt028313
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd01
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05413
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt076851
IRS990/OtherEmployeeBenefitsGrp/TotalAmt082264
IRS990/OtherExpensesGrp/Desc0Supplies, Books, Online
IRS990/OtherExpensesGrp/Desc1Non-capitalized Equip &
IRS990/OtherExpensesGrp/Desc2Miscellaneous Expenses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt027954
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18318
IRS990/OtherExpensesGrp/ProgramServicesAmt056681
IRS990/OtherExpensesGrp/ProgramServicesAmt117508
IRS990/OtherExpensesGrp/ProgramServicesAmt23065
IRS990/OtherExpensesGrp/TotalAmt084635
IRS990/OtherExpensesGrp/TotalAmt117508
IRS990/OtherExpensesGrp/TotalAmt211383
IRS990/OtherLiabilitiesGrp/BOYAmt09793834
IRS990/OtherLiabilitiesGrp/EOYAmt07918045
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0Adj for Pension Accrua
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0671639
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt17097
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0671639
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt17097
IRS990/OtherRevenueTotalAmt0678736
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0394890
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01514156
IRS990/OtherSalariesAndWagesGrp/TotalAmt01909046
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07113
IRS990/PayrollTaxesGrp/ProgramServicesAmt026457
IRS990/PayrollTaxesGrp/TotalAmt033570
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-5132654
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-728263
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt080997
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0301272
IRS990/PensionPlanContributionsGrp/TotalAmt0382269
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01966317
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0772630
IRS990/PrincipalOfficerNm0Matt Ledesma
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0Per Pupil Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Mill Levy Revenue
IRS990/ProgramServiceRevenueGrp/Desc2Student Fees
IRS990/ProgramServiceRevenueGrp/Desc3Tuition
IRS990/ProgramServiceRevenueGrp/Desc4Transportation
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03615270
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1292176
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt264735
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt326693
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt423349
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03615270
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1292176
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt264735
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt326693
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt423349
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0307570
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt065886
IRS990/PYOtherExpensesAmt01430950
IRS990/PYOtherRevenueAmt0436003
IRS990/PYProgramServiceRevenueAmt03391616
IRS990/PYRevenuesLessExpensesAmt0466518
IRS990/PYSalariesCompEmpBnftPaidAmt02303607
IRS990/PYTotalExpensesAmt03734557
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04201075
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0993622
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04700959
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-1568120
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-4978889
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06368672
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03658432
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07998716
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01970000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09968716
IRS990ScheduleD/EquipmentGrp/BookValueAmt075201
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0118340
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0193541
IRS990ScheduleD/ExpensesNotReportedAmt02263
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0671639
IRS990ScheduleD/ExpensesSubtotalAmt03462765
IRS990ScheduleD/LandGrp/BookValueAmt0347000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0347000
IRS990ScheduleD/OtherExpensesIncludedAmt02263
IRS990ScheduleD/OtherExpensesNotIncludedAmt0671639
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04599192
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13051007
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2226083
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt341763
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability - GASB 68
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pensions - Deferred Inflows - GASB 68
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OPEB - Deferred
IRS990ScheduleD/OtherRevenueAmt02263
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0671639
IRS990ScheduleD/RevenueNotReportedAmt02263
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0671639
IRS990ScheduleD/RevenueSubtotalAmt04456387
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Direct fundraising expenses 2,263.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Pension Accrual Adjustment 671,639.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Direct fundraising expenses 2,263.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Pension Accrual Adjustment 671,639.
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/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08420917
IRS990ScheduleD/TotalExpensesPerForm990Amt04134404
IRS990ScheduleD/TotalLiabilityAmt07918045
IRS990ScheduleD/TotalRevenuePerForm990Amt05128026
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04458650
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03465028
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/ExplanationTxt1Line 6a - Per pupil revenue and various grant money is received from the State of Colorado and the Colorado Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GICProviderName/BusinessNameLine1Txt0IXIS Funding Corp
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GICProviderName/BusinessNameLine1Txt1IXIS Funding Corp
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RegulatorySafeHarborStsfdInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RegulatorySafeHarborStsfdInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfGICPct030.500000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfGICPct130.500000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02016-06-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12019-04-04
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0840896727
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1840896727
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt05435000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt19500000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Co Edu and Cult Fac Auth
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1Co Edu and Cult Fac Auth
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd11
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Refund prior issue
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1Outstanding debts & construct
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,974,648
Liabilities
$18,681,800
Net assets
-$5,707,152
Revenue
$5,128,026
Expenses
$4,134,404
Net income
$993,622
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