Civic Intelligence

Legacy Academy

990 • Fiscal year 2021 • EIN 84-1413963

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 01, 2022

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

97th percentile

1.33x

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

2021 filings • 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.

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

Net Margin

72nd percentile

26%

Higher net margin than 72% of similar nonprofits.

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

Top Officer Pay

20th percentile

$85,771

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

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

Asset Growth

17th percentile

-1.9%

Faster asset growth than 17% of similar nonprofits.

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

Revenue Growth

46th percentile

9.5%

Faster revenue growth than 46% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$12,732,692

Down $241,956 (-1.9%) from 2020

Net Assets

Up

-$4,226,485

Up $1,480,667 (+26%) from 2020

Liabilities

Down

$16,959,177

Down $1,722,623 (-9.2%) from 2020

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin72nd percentile

Revenue

Up

$5,616,648

Up $488,622 (+9.5%) from 2020

Expenses

Up

$4,135,981

Up $1,577 (+0.0%) from 2020

Net Income

Up

$1,480,667

Up $487,045 (+49%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth17th 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

2021

Assets$12,732,692
Liabilities$16,959,177
Net Assets-$4,226,485
Open 2021 Filing

Operations Trend

Revenue Growth46th 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

2021

Revenue$5,616,648
Expenses$4,135,981
Net Income$1,480,667
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 1, 2022
Return Version
2020v4.2
Gross Receipts
$5,616,648
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$8,420,917$8,918,266▲ $497,349
Savings and Temporary Cash Investments$3,658,432$1,784,937▼ $1,873,495
Prepaid Expenses and Deferred Charges$772,630$1,775,327▲ $1,002,697
Accounts Receivable$2,427$132,839▲ $130,412
Cash and Non-Interest-Bearing Accounts$120,242$97,703▼ $22,539
Pledges and Grants Receivable-$23,620-
Cap Stk Tr Prin Current Funds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-728,263$-496▲ $727,767
Rtn Earn Endowment Incm Other Fnds$-4,978,889$-4,225,989▲ $752,900
Total Assets$12,974,648$12,732,692▼ $241,956
Liabilities
Tax Exempt Bond Liabilities$9,235,977$9,014,101▼ $221,876
Other Liabilities$7,918,045$7,703,583▼ $214,462
Accounts Payable and Accrued Expenses$1,310,986$178,819▼ $1,132,167
Deferred Revenue$216,792$62,674▼ $154,118
Total Liabilities$18,681,800$16,959,177▼ $1,722,623
Net Assets / Fund Balance
Total Net Assets Fund Balance$-5,707,152$-4,226,485▲ $1,480,667
Total Liabilities and Net Assets / Fund Balance$12,974,648$12,732,692▼ $241,956

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,482,624$2,238,018$10,720,642
Land$347,000-$347,000
Equipment$88,642$140,992$229,634
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tammy ThornExecutive DirectorFT$83,729$2,042$85,771

Board Members and Trustees

NameTitle
Matt LedesmaPresident
Chris WendelDirector
Thomas HolmDirector
Kristal WatsonSecretary
Matt FonteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$624,720
Program Service Revenue
$3,711,186
Investment Income
$23,453
Other Revenue
$1,257,289
All Other Contributions
$1,496
Change in Net Assets
$1,480,667

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,385,886
Revenue Not Reported on Financial Statements
$1,230,762
Revenue Not Reported on Form 990
$633,786
Other Revenue Adjustments
$1,230,762
Total Revenue per Audited Statements
$5,019,672
Total Revenue per Form 990
$5,616,648
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,442,745
Other Expenses$1,693,236
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,435,828$412,957-$1,848,785
Interest$305,518$101,840-$407,358
Fees for Services Other$222,706$176,552-$399,258
Pension Plan Contributions$309,673$65,976-$375,649
Depreciation Depletion$224,220$74,740-$298,960
Occupancy$107,385$28,546-$135,931
Current Officers, Directors, Trustees, and Key Employees-$107,896-$107,896
Other Employee Benefits$66,734$17,229-$83,963
Information Technology$66,001--$66,001
Insurance$21,738$7,246-$28,984
Payroll Taxes$20,897$5,555-$26,452
Travel$24,452$94-$24,546
Office Expenses$5,511$18,378-$23,889
Other Expenses$3,553$8,353-$11,906
Fees for Services Legal-$9,694-$9,694
Advertising-$9,118-$9,118
Fees for Services Accounting-$7,700-$7,700
Total Functional Expenses$3,050,163$1,085,818$0$4,135,981

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,135,981
Total Expenses per Audited Statements$3,539,005
Expenses per Audited Statements$2,905,219
Expenses Not Reported on Financial Statements$1,230,762
Other Expense Adjustments$1,230,762
Expenses Not Reported on Form 990$633,786
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$296
Fundraising Direct Expenses$0
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$5,253,830
Pensions - Deferred Inflows - GASB 68$2,197,124
OPEB Liability$190,986
OPEB - Deferred$61,643

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACo Edu and Cult Fac Auth2019-04-04$9,500,000Outstanding debts & construct

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$9,500,000--$242,959

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 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
2022-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Ledesma
Formed
1997
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
90
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 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 4B - Other Adjustments:

“Pension Accrual Adjustment 1,230,762.”

Part XII, Line 4B - Other Adjustments:

“Pension Accrual Adjustment 1,230,762.”

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IRS990/OtherExpensesGrp/Desc1Supplies, Books, Online
IRS990/OtherExpensesGrp/Desc2Miscellaneous Expenses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt033944
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18353
IRS990/OtherExpensesGrp/ProgramServicesAmt0146097
IRS990/OtherExpensesGrp/ProgramServicesAmt189850
IRS990/OtherExpensesGrp/ProgramServicesAmt23553
IRS990/OtherExpensesGrp/TotalAmt0146097
IRS990/OtherExpensesGrp/TotalAmt1123794
IRS990/OtherExpensesGrp/TotalAmt211906
IRS990/OtherLiabilitiesGrp/BOYAmt07918045
IRS990/OtherLiabilitiesGrp/EOYAmt07703583
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0Adj for Pension Accrua
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01230762
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt126231
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01230762
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt126231
IRS990/OtherRevenueTotalAmt01256993
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0412957
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01435828
IRS990/OtherSalariesAndWagesGrp/TotalAmt01848785
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05555
IRS990/PayrollTaxesGrp/ProgramServicesAmt020897
IRS990/PayrollTaxesGrp/TotalAmt026452
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-728263
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-496
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt065976
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0309673
IRS990/PensionPlanContributionsGrp/TotalAmt0375649
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt023620
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0772630
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01775327
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/RelatedOrExemptFuncIncomeAmt03312749
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1315798
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt253327
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt328437
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4875
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03312749
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1315798
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt253327
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt328437
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4875
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0312509
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0112158
IRS990/PYOtherExpensesAmt01624531
IRS990/PYOtherRevenueAmt0681136
IRS990/PYProgramServiceRevenueAmt04022223
IRS990/PYRevenuesLessExpensesAmt0993622
IRS990/PYSalariesCompEmpBnftPaidAmt02509873
IRS990/PYTotalExpensesAmt04134404
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05128026
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01480667
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04968179
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-4978889
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-4225989
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03658432
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01784937
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08482624
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02238018
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010720642
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0633786
IRS990ScheduleD/DonatedServicesUseFcltsAmt0633786
IRS990ScheduleD/EquipmentGrp/BookValueAmt088642
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0140992
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0229634
IRS990ScheduleD/ExpensesNotReportedAmt0633786
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01230762
IRS990ScheduleD/ExpensesSubtotalAmt02905219
IRS990ScheduleD/LandGrp/BookValueAmt0347000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0347000
IRS990ScheduleD/OtherExpensesNotIncludedAmt01230762
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05253830
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12197124
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2190986
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt361643
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability - GASB 68
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pensions - Deferred Inflows - GASB 68
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OPEB - Deferred
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01230762
IRS990ScheduleD/RevenueNotReportedAmt0633786
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01230762
IRS990ScheduleD/RevenueSubtotalAmt04385886
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Pension Accrual Adjustment 1,230,762.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Pension Accrual Adjustment 1,230,762.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08918266
IRS990ScheduleD/TotalExpensesPerForm990Amt04135981
IRS990ScheduleD/TotalLiabilityAmt07703583
IRS990ScheduleD/TotalRevenuePerForm990Amt05616648
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05019672
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03539005
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, 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
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GICProviderName/BusinessNameLine1Txt0IXIS Funding Corp
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RegulatorySafeHarborStsfdInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfGICPct030.500000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02019-04-04
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0840896727
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt09500000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Co Edu and Cult Fac Auth
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Outstanding debts & construct
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0504126
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0242959
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingEscrowAmt04902541
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt09500000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Line 6 explanation - Parents elect the School Board of Director members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Line 8 Explanation - There are no committees with the authority to act on behalf of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Legacy Academy distributes the draft Form 990 to be reviewed by a committee of the Board President, Treasurer, and outside business consultant (contractor, not employee).

Document Assets

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Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$12,732,692
Liabilities
$16,959,177
Net assets
-$4,226,485
Revenue
$5,616,648
Expenses
$4,135,981
Net income
$1,480,667
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