Legacy Early College
- Assets
- $11.9m
- Revenue
- $23.1m
- Investments
- $0.0
- Employees
- 323
- Location
- Greenville, SC
- Founding
- 02/2008
- Data as of
- 06/2021
- EIN
- 20-5257052
Organization Overview
Legacy Early College is located in Greenville, SC. The organization was established in 2008. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Legacy Early College employed 323 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Early College 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 06/2021, Legacy Early College generated $23.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $18.6m during the year ending 06/2021. While expenses have increased by 5.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AN ALTERNATIVE EDUCATION CHOICE FOR PARENTS AND STUDENTS OF GREENVILLE COUNTY, SC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATION FOR APPROXIMATELY 1,471 STUDENTS GRADES K THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cary H Hall Director/v.p | OfficerTrustee | 2 | $0 |
William W Brown Exec. Dir/bo | OfficerTrustee | 40 | $0 |
Steve Lanzl Director/sec | OfficerTrustee | 2 | $0 |
Helen Irby Director | Trustee | 1 | $0 |
Mark Crocker Director | Trustee | 2 | $0 |
Glenn Head Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A To Z Speech Therapy Speech Therapy | 6/29/21 | $149,831 |
Legacy School Properties Rent | 6/29/21 | $990,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,366,973 |
| All other contributions, gifts, grants, and similar amounts not included above | $348,874 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,715,847 |
| Total Program Service Revenue | $30,249 |
| Investment income | $9,316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,949 |
| Net Gain/Loss on Asset Sales | $1,857 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,115,805 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,228,053 |
| Pension plan accruals and contributions | $829,464 |
| Other employee benefits | $1,089,210 |
| Payroll taxes | $775,648 |
| Fees for services: Management | $315,508 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $589,540 |
| Advertising and promotion | $1,234 |
| Office expenses | $53,180 |
| Information technology | $508,197 |
| Royalties | $0 |
| Occupancy | $1,274,030 |
| Travel | $7,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $393,994 |
| Insurance | $208,789 |
| All other expenses | $434,208 |
| Total functional expenses | $18,559,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,214,753 |
| Savings and temporary cash investments | $435,135 |
| Pledges and grants receivable | $23,498 |
| Accounts receivable, net | $2,147,555 |
| 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 | $116,400 |
| Net Land, buildings, and equipment | $1,927,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,865,335 |
| Accounts payable and accrued expenses | $1,155,206 |
| Grants payable | $0 |
| Deferred revenue | $1,008,712 |
| 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 | $366,765 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,530,683 |
| Net assets without donor restrictions | $9,100,754 |
| Net assets with donor restrictions | $233,898 |
| 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 | $11,865,335 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Legacy Early College has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Peabody Foundation Greenville, SC PURPOSE: TRANSFORMATIVEEDUCATIONALMODELS | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
North Carolina Charter Educational Foundation Inc Mooresville, NC | $93,431,533 | $35,029,413 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Kipp Enc Public Schools Gaston, NC | $35,993,575 | $43,410,261 |
Foothills Education Center Inc Athens, GA | $29,237,884 | $30,776,964 |
Triad Math And Science Academy Company Greensboro, NC | $12,436,639 | $25,994,464 |
Sugar Creek Charter School Inc Charlotte, NC | $29,486,928 | $22,844,199 |
York Preparatory Academy Inc Rock Hill, SC | $46,250,358 | $19,880,762 |
James Island Charter High School Charleston, SC | $22,889,433 | $20,877,381 |
Legacy Early College Greenville, SC | $11,865,335 | $23,115,805 |
Pine Lake Preparatory Inc Mooresville, NC | $43,880,592 | $18,139,159 |