Civic Intelligence

Legacy Academy

990 • Fiscal year 2024 • EIN 84-1413963

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 12, 2025

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

1.62x

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

1.33x

Higher debt load relative to revenue than 87% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

31st percentile

-2.4%

Higher net margin than 31% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

45th percentile

$117,167

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

1st percentile

-62%

Faster asset growth than 1% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

45th percentile

5.2%

Faster revenue growth than 45% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$4,864,383

Down $7,907,454 (-62%) from 2023

Net Assets

Down

-$3,022,953

Down $618,674 (-26%) from 2023

Liabilities

Down

$7,887,336

Down $7,288,780 (-48%) from 2023

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin31st percentile

Revenue

Up

$5,946,960

Up $294,555 (+5.2%) from 2023

Expenses

Up

$6,092,479

Up $559,173 (+10%) from 2023

Net Income

Down

-$145,519

Down $264,618 (-222%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2024

Assets$4,864,383
Liabilities$7,887,336
Net Assets-$3,022,953
Open 2024 Filing

Operations Trend

Revenue Growth45th 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

2024

Revenue$5,946,960
Expenses$6,092,479
Net Income-$145,519
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 12, 2025
Return Version
2023v6.0
Gross Receipts
$5,946,960
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,572,262$1,700,425▼ $871,837
Cash and Non-Interest-Bearing Accounts$219,287$416,833▲ $197,546
Land, Buildings, and Equipment, Net$8,564,921$326,210▼ $8,238,711
Other Notes and Loans Receivable, Net-$46,542-
Prepaid Expenses and Deferred Charges$1,405,980$43,456▼ $1,362,524
Pledges and Grants Receivable-$28,902-
Accounts Receivable$9,387--
Total Assets$12,771,837$4,864,383▼ $7,907,454
Other Assets Total$0$2,302,015▲ $2,302,015
Liabilities
Tax Exempt Bond Liabilities$8,539,422--
Other Liabilities$6,320,275$7,493,513▲ $1,173,238
Accounts Payable and Accrued Expenses$253,965$291,066▲ $37,101
Deferred Revenue$62,454$60,038▼ $2,416
Mortgage Notes Payable Secured by Investment Property-$42,719-
Total Liabilities$15,176,116$7,887,336▼ $7,288,780
Net Assets / Fund Balance
Net Assets With Donor Restrictions$112,547$177,000▲ $64,453
Net Assets Without Donor Restrictions$-2,516,826$-3,199,953▼ $683,127
Total Net Assets Fund Balance$-2,404,279$-3,022,953▼ $618,674
Total Liabilities and Net Assets / Fund Balance$12,771,837$4,864,383▼ $7,907,454

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$326,210$324,608$650,818
Other Assets Org$2,302,015--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tony VrugginkPrincipalFT$97,517$19,650$117,167

Board Members and Trustees

NameTitle
Matt FontePresident
Thomas HolmVice President
Megan DeckerDirector
Simona ClarkSecretary
Matt VandiverTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$475,094
Program Service Revenue
$5,334,109
Investment Income
$96,061
Other Revenue
$41,696
All Other Contributions
$12,459
Change in Net Assets
$-145,519

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,912,399
Revenue Not Reported on Financial Statements
$34,561
Revenue Not Reported on Form 990
$669,943
Other Revenue Adjustments
$34,561
Total Revenue per Audited Statements
$6,582,342
Total Revenue per Form 990
$5,946,960
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,848,605
Other Expenses$2,243,874
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,334,425$411,957-$2,746,382
Occupancy$738,582$130,338-$868,920
Pension Plan Contributions$630,914$111,338-$742,252
Other Employee Benefits$157,163$27,735-$184,898
Current Officers, Directors, Trustees, and Key Employees$109,370$19,301-$128,671
Other Expenses$103,663$18,294-$121,957
All Other Expenses$99,926--$99,926
Insurance$58,826$10,381-$69,207
Depreciation Depletion$52,794$9,317-$62,111
Fees for Services Other-$51,726-$51,726
Payroll Taxes$39,442$6,960-$46,402
Advertising$26,075$4,601-$30,676
Fees for Services Legal-$29,685-$29,685
Travel$17,863$3,152-$21,015
Fees for Services Accounting-$9,550-$9,550
Interest$3,411$602-$4,013
Total Functional Expenses$5,116,279$976,200$0$6,092,479

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,735,249
Expenses per Audited Statements$6,092,479
Total Expenses per Form 990$6,092,479
Expenses Not Reported on Form 990$642,770
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$7,185,610
Deferred Inflows of Resources$307,903
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
Executive Director
Phone
3036462636
Signed
2025-02-12
Discuss with paid preparer
No

Organization Details

Principal Officer
Merlin Holmes
Formed
1997
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
124
Volunteers
200

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 XI, line 9:

“To seperate Building Corporation activity -473,155.”

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 36,157.”

Part XI, Line 4B - Other Adjustments:

“Building Corporation Transfers In 34,561.”

Part XII, Line 2D - Other Adjustments:

“Building Corporation Depreciation 268,015. Building Corporation Purchased Services 486. Building Corporation Interest and Other Fiscal Charges 374,269.”

Raw XML AppendixShowing 400 of 501 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/OtherExpensesGrp/TotalAmt3121957
IRS990/OtherLiabilitiesGrp/BOYAmt06320275
IRS990/OtherLiabilitiesGrp/EOYAmt07493513
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/BusinessCd1611710
IRS990/OtherRevenueMiscGrp/Desc0Transfers
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt034561
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt17135
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt034561
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt17135
IRS990/OtherRevenueTotalAmt041696
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0411957
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02334425
IRS990/OtherSalariesAndWagesGrp/TotalAmt02746382
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt046542
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06960
IRS990/PayrollTaxesGrp/ProgramServicesAmt039442
IRS990/PayrollTaxesGrp/TotalAmt046402
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0111338
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0630914
IRS990/PensionPlanContributionsGrp/TotalAmt0742252
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt028902
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01405980
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043456
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/RelatedOrExemptFuncIncomeAmt04855259
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1286958
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2191892
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04855259
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1286958
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2191892
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0723251
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt087647
IRS990/PYOtherExpensesAmt02315761
IRS990/PYOtherRevenueAmt014168
IRS990/PYProgramServiceRevenueAmt04827339
IRS990/PYRevenuesLessExpensesAmt0119099
IRS990/PYSalariesCompEmpBnftPaidAmt03217545
IRS990/PYTotalExpensesAmt05533306
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05652405
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-145519
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05375805
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02572262
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01700425
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0326210
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0324608
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0650818
IRS990ScheduleD/ExpensesNotReportedAmt0642770
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06092479
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02302015
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherExpensesIncludedAmt0642770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07185610
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1307903
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows of Resources
IRS990ScheduleD/OtherRevenueAmt0669943
IRS990ScheduleD/OtherRevenuesNotIncludedAmt034561
IRS990ScheduleD/RevenueNotReportedAmt0669943
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt034561
IRS990ScheduleD/RevenueSubtotalAmt05912399
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Building Corporation Rental Income 633,786. Building Corporation Interest Income 36,157.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Building Corporation Transfers In 34,561.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Building Corporation Depreciation 268,015. Building Corporation Purchased Services 486. Building Corporation Interest and Other Fiscal Charges 374,269.
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/TotalBookValueLandBuildingsAmt0326210
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02302015
IRS990ScheduleD/TotalExpensesPerForm990Amt06092479
IRS990ScheduleD/TotalLiabilityAmt07493513
IRS990ScheduleD/TotalRevenuePerForm990Amt05946960
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06582342
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06735249
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/ExplanationTxt5To seperate Building Corporation activity -473,155.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The 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 XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,864,383
Liabilities
$7,887,336
Net assets
-$3,022,953
Revenue
$5,946,960
Expenses
$6,092,479
Net income
-$145,519
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