Legacy Preparatory Christian Academy
- Assets
- $16.3m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 145
- Location
- The Woodlands, TX
- Founding
- 10/2006
- Data as of
- 06/2022
- EIN
- 20-2693047
Organization Overview
Legacy Preparatory Christian Academy is located in The Woodlands, TX. The organization was established in 2006. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Legacy Preparatory Christian Academy employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Preparatory Christian Academy 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 Preparatory Christian Academy generated $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $5.4m during the year ending 06/2022. While expenses have increased by 6.9% per year over the past 7 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
PROVIDE COLLEGE PREPARATORY EDUCATION FOR PREK-12TH GRADE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGACY IS A PK-12 PRIVATE UNIVERSITY MODEL CHRISTIAN SCHOOL WITH AN ENROLLMENT OF APPROXIMATELY 575 STUDENTS. LEGACY'S STUDENTS BENEFIT FROM SMALL CLASSROOM SIZES TAUGHT BY CERTIFIED TEACHERS. THEY CONSISTENTLY OUTPERFORM THE NATIONAL AVERAGE IN EVERY CATEGORY OF THE IOWA STANDARDIZED TEST AS WELL AS THE PSAT EXAM. STARTING IN MIDDLE SCHOOL, STUDENTS TAKE DISCIPLESHIP CLASSES, WITH A CURRICULUM FOCUSED ON STRENGTHENING THE FOUNDATIONS OF THEIR FAITH AND BEING ABLE TO SHARE AND DEFEND IT. GRADUATES HAVE BEEN ACCEPTED, HAVE RECEIVED SCHOLARSHIPS, AND ARE ATTENDING MAJOR UNIVERSITIES.
LEGACY OFFERS ATHLETIC PROGRAMS FOR STUDENTS IN 6TH-12TH GRADE AND COMPETES IN UP TO 10 SPORTS IN THE TAPPS LEAGUE. LEGACY'S ATHLETIC TEAMS REGULARLY ADVANCE TO PLAYOFF GAMES. LEGACY'S SMALL SIZE ALLOWS MOST STUDENTS TO PARTICIPATE IN MULTIPLE SPORTS WITH 85% OF MIDDLE AND HIGH SCHOOL STUDENTS PARTICIPATING IN AT LEAST ONE SPORT. THE ATHLETIC PROGRAM CONTINUES TO GROW IN PARTICIPATION AND SPORT OFFERINGS.
LEGACY OFFERS SEVERAL STUDENT ACTIVITIES PROGRAMS. THE FINE ARTS PROGRAM IS OPEN TO 3RD-12TH GRADE STUDENTS AND CONDUCTS TWO PERFORMANCES PER YEAR. LEGACY'S STUDENTS ALSO PARTICIPATE IN NATIONAL HONOR SOCIETY, SCRIPPS SPELLING BEE, NOETIC MATH COMPETITION, AMERICAN MATH COMPETITIONS, AND FIRST ROBOTICS COMPETITION. LEGACY ALSO OFFERS A HOT LUNCH PROGRAM TO STUDENTS OF ALL GRADE LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Clark Board Member | Trustee | 8 | $8,150 |
Miles Freeman Treasurer(part Year)/chairman | OfficerTrustee | 3 | $1,500 |
Dan Condley Chairman(part Year)/treasurer | OfficerTrustee | 2 | $0 |
Michelle Keyes Secretary | OfficerTrustee | 2 | $0 |
Chad Jolley Board Member | Trustee | 2 | $0 |
Jeremy Lochte Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,200 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $823,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $832,270 |
| Total Program Service Revenue | $5,712,913 |
| Investment income | $378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,985 |
| Net Gain/Loss on Asset Sales | $858 |
| Net Income from Fundraising Events | -$2,040 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,568,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $627,717 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,373 |
| Compensation of current officers, directors, key employees. | $89,516 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,327,679 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,944 |
| Payroll taxes | $191,072 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,958 |
| Fees for services: Accounting | $21,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $12,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,660 |
| Advertising and promotion | $22,293 |
| Office expenses | $63,623 |
| Information technology | $48,101 |
| Royalties | $0 |
| Occupancy | $374,907 |
| Travel | $5,011 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $201 |
| Interest | $146,064 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $307,337 |
| Insurance | $44,638 |
| All other expenses | $33,320 |
| Total functional expenses | $5,407,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $914,076 |
| Savings and temporary cash investments | $1,688,955 |
| Pledges and grants receivable | $1,151,802 |
| Accounts receivable, net | $30,468 |
| 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 | $44,211 |
| Net Land, buildings, and equipment | $12,488,001 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $16,318,013 |
| Accounts payable and accrued expenses | $1,131,849 |
| Grants payable | $0 |
| Deferred revenue | $406,658 |
| 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 | $6,893,675 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,432,182 |
| Net assets without donor restrictions | $5,296,773 |
| Net assets with donor restrictions | $2,589,058 |
| 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 | $16,318,013 |