Legacy Early College
- Assets
- $31.6m
- Revenue
- $23.9m
- Investments
- $0.0
- Employees
- 367
- Location
- Greenville, SC
- Founding
- 02/2008
- Data as of
- 06/2022
- 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 06/2022, Legacy Early College employed 367 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 06/2022, Legacy Early College generated $23.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $22.9m during the year ending 06/2022. While expenses have increased by 8.9% 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
AN ALTERNATIVE EDUCATION CHOICE FOR PARENTS AND STUDENTS OF GREENVILLE COUNTY, SC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGACY EARLY COLLEGE SERVED APPROXIMATELY 1,732 STUDENTS IN FY22 AND ADDED A 4K PROGRAM TO ACCOMODATE 120 4K STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Burrows Dir. Of Prog | 40 | $120,477 | |
Charles Ratterree Chief Of Sta | 50 | $115,332 | |
Gretchen Taylor Thru Dec 2021 Director Of | Officer | 50 | $115,011 |
Idassa Cobb Ms Principal | 40 | $104,347 | |
Lacheryl Smith Hs Principal | 40 | $104,274 | |
Randall Fowler Director Of | 40 | $104,011 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Legacy School Properties Rent | 6/29/21 | $990,000 |
A To Z Speech Therapy Speech Therapy | 6/29/21 | $149,831 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,681,953 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,424 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,741,377 |
| Total Program Service Revenue | $147,032 |
| Investment income | $7,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,704 |
| Net Gain/Loss on Asset Sales | -$4,958 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,931,209 |
| 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. | $156,128 |
| Compensation of current officers, directors, key employees. | $156,128 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,468,905 |
| Pension plan accruals and contributions | $927,038 |
| Other employee benefits | $1,389,225 |
| Payroll taxes | $919,293 |
| Fees for services: Management | $301,367 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,862,415 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $257,110 |
| Royalties | $0 |
| Occupancy | $291,484 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $781,193 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,259,047 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $22,898,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,606,091 |
| Savings and temporary cash investments | $1,804,877 |
| Pledges and grants receivable | $2,503,235 |
| Accounts receivable, net | $6,123 |
| 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 | $90,187 |
| Net Land, buildings, and equipment | $2,097,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,455,912 |
| Total assets | $31,563,963 |
| Accounts payable and accrued expenses | $1,227,688 |
| Grants payable | $0 |
| Deferred revenue | $706,460 |
| 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 | $262,484 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,999,808 |
| Total liabilities | $21,196,440 |
| Net assets without donor restrictions | $9,821,016 |
| Net assets with donor restrictions | $546,507 |
| 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 | $31,563,963 |