Legacy Charter School
- Assets
- $23.8m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 82
- Location
- Chicago, IL
- Founding
- 06/2005
- Data as of
- 06/2023
- EIN
- 20-1946624
Organization Overview
Legacy Charter School is located in Chicago, IL. The organization was established in 2005. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Legacy Charter School employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Charter School 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 06/2023, Legacy Charter School generated $8.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $8.6m during the year ending 06/2023. While expenses have increased by 3.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL'S MISSION IS TO CREATE AN OUTSTANDING CENTER FOR TEACHING AND LEARNING FOR CHILDREN AND THEIR FAMILIES THAT WILL RECOGNIZE AND NURTURE THE FULL POTENTIAL OF EVERY CHILD, PROVIDE A FOUNDATION FOR A COLLEGE EDUCATION AND EDUCATE STUDENTS TO BE CREATIVE AND CRITICAL THINKERS AND RESPONSIBLE CITIZENS IN SCHOOL, AT HOME AND IN THE BROADER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL'S MISSION IS TO CREATE AN OUTSTANDING CENTER FOR TEACHING AND LEARNING FOR CHILDREN AND THEIR FAMILIES THAT WILL RECOGNIZE AND NURTURE THE FULL POTENTIAL OF EVERY CHILD, PROVIDE A FOUNDATION FOR A COLLEGE EDUCATION AND EDUCATE STUDENTS TO BE CREATIVE AND CRITICAL THINKERS AND RESPONSIBLE CITIZENS IN SCHOOL, AT HOME AND IN THE BROADER COMMUNITY. THE SCHOOL WAS FOUNDED BY SONNENSCHEIN NATH AND ROSENTHAL LLP. DURING FYE JUNE 30, 2023, THE SCHOOL SERVED APPROXIMATELY 455 STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Goss Principal | Officer | 40 | $158,129 |
Sylvia Holloway Teacher | 40 | $105,904 | |
Andrell Holloway Co-Chair | OfficerTrustee | 10 | $0 |
Carolyn Vessel Co-Chair | OfficerTrustee | 2 | $0 |
Sven Carlsson Vice-Chair | OfficerTrustee | 2 | $0 |
Maria Friedman Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quatrro Business Support Services Accounting Services | 6/29/23 | $301,511 |
The Stepping Stones Group Llc Resource Specialist Services | 6/29/23 | $184,966 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,273,299 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,148 |
| Noncash contributions included in lines 1a–1f | $49,386 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,582,447 |
| Total Program Service Revenue | $472,256 |
| Investment income | $25,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $8,154,768 |
| 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. | $217,835 |
| Compensation of current officers, directors, key employees. | $65,351 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,649,103 |
| Pension plan accruals and contributions | $457,231 |
| Other employee benefits | $452,180 |
| Payroll taxes | $142,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,160 |
| Fees for services: Accounting | $474,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $353,789 |
| Advertising and promotion | $0 |
| Office expenses | $191,235 |
| Information technology | $229,529 |
| Royalties | $0 |
| Occupancy | $715,371 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $154,511 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,430 |
| Insurance | $86,290 |
| All other expenses | $59,177 |
| Total functional expenses | $8,579,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,585,289 |
| Savings and temporary cash investments | $257,736 |
| Pledges and grants receivable | $74,950 |
| Accounts receivable, net | $518,899 |
| 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 | $50,513 |
| Net Land, buildings, and equipment | $19,966,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $381,762 |
| Total assets | $23,835,965 |
| Accounts payable and accrued expenses | $278,021 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,046,052 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45 |
| Total liabilities | $4,324,118 |
| Net assets without donor restrictions | $19,436,897 |
| Net assets with donor restrictions | $74,950 |
| 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 | $23,835,965 |