Legacy Education Group
- Assets
- $789.8k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 23
- Location
- Mesa, AZ
- Founding
- 05/2007
- Data as of
- 06/2022
- EIN
- 06-1740978
Organization Overview
Legacy Education Group is located in Mesa, AZ. The organization was established in 2007. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Legacy Education Group employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Education Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Legacy Education Group generated $2.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 8.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL'S MISSION IS TO PROVIDE AN EDUCATIONAL PROGRAM THAT CHALLENGES EACH STUDENT TO ATTAIN HIS OR HER HIGHEST ACADEMIC AND CHARACTER POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGACY EDUCATION GROUP PROVIDES AN EDUCATIONAL PROGRAM THAT CHALLENGES EACH STUDENT, INCLUDING AT-RISK STUDENTS, TO ATTAIN THEIR HIGHEST ACADEMIC AND CHARACTER POTENTIAL THROUGH A COORDINATED HUMANITIES CURRCULUM, AN INTEGRATED PERFORMING AND FINE ARTS PROGRAM, COMMUNITY SERVICE AND A TRADITIONAL APPROACH TO EDUCATION. LEGACY EDUCATION GROUP PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 170 STUDENTS DURING THE 2021-22 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Tolman President | OfficerTrustee | 40 | $74,230 |
Michael Clement Secretary | Trustee | 5 | $0 |
Rodney Tolman Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,106,957 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,715 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,185,672 |
| Total Program Service Revenue | $0 |
| Investment income | $68,540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,735 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,275,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,731 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $855,203 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,585 |
| Payroll taxes | $65,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,066 |
| Fees for services: Accounting | $51,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,907 |
| Advertising and promotion | $11,543 |
| Office expenses | $175,644 |
| Information technology | $43,281 |
| Royalties | $0 |
| Occupancy | $502,911 |
| Travel | $5,274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,683 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,467 |
| Insurance | $14,605 |
| All other expenses | $2,496 |
| Total functional expenses | $2,052,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,917 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $206,563 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,803 |
| Net Land, buildings, and equipment | $211,521 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $789,804 |
| Accounts payable and accrued expenses | $70,941 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $65,670 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,432 |
| Total liabilities | $184,043 |
| Net assets without donor restrictions | $605,761 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $789,804 |