Legacy21 Inc
- Assets
- $39.5m
- Revenue
- $20.4m
- Investments
- $0.0
- Employees
- 287
- Location
- Mesquite, TX
- Founding
- 05/2011
- Data as of
- 08/2023
- EIN
- 27-4013601
Organization Overview
Legacy21 Inc, operating under the name Legacy Preparatory Charter Academy, is located in Mesquite, TX. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 08/2023, Legacy Preparatory Charter Academy employed 287 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Preparatory Charter 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 08/2023, Legacy Preparatory Charter Academy generated $20.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $20.7m during the year ending 08/2023. While expenses have increased by 7.8% 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 VISION OF LEGACY PREPARATORY CHARTER ACADEMY IS THAT ALL LPCA SCHOOLS WILL SERVE AS A MODEL SCHOOL OF EXCELLENCE, ADDRESSING THE NEEDS OF ALL SCHOOL COMMUNITY STAKEHOLDERS. THE MISSION OF LEGACY PREPARATORY CHARTER ACADEMY IS TO PREPARE ALL SCHOLARS TO BE COLLEGE AND CAREER READY BY GIVING THEM OWNERSHIP OF THEIR OWN LEARNING THROUGH THE DEVELOPMENT OF INTELLECTUAL AND EMOTIONAL INDEPENDENCE WHILE INSTILLING THE VALUES NEEDED TO PROPEL THEM INTO BECOMING SUCCESSFUL 21ST CENTURY LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC PROGRAM- LEGACY PREPARATORY IS A STATE ACCREDITED CHARTER SCHOOL DISTRICT THAT OPERATES KINDERGARTEN THROUGH 12TH GRADE. LEGACY OFFERS AN INNOVATIVE APPROACH TO INSTRUCTION AND CULTURE BY PROVIDING ITS STUDENTS WITH THE SMART USE OF TECHNOLOGY AND UNLIMITED ACCESS TO ONLINE RESOURCE SUPPORT. WITH THE LATEST IN COLLABORATIVE LEARNING TECHNOLOGY, LEGACY IS LASER FOCUSED ON ONE THING: TO PREPARE STUDENTS FOR A COLLEGE AND CAREER-READY FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Staci Weaver Superintendent | Officer | 60 | $160,699 |
Angela Willis Asst. Superint. | Officer | 60 | $130,948 |
Maria Fernandez Senior Director | 55 | $113,358 | |
Mary Kahama Fed Funds Off | 55 | $107,343 | |
Byron Ricks Board President | OfficerTrustee | 1 | $0 |
Vince Vittatoe Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Preferred Meal Systems Inc Food Service | 8/30/22 | $464,779 |
Itutorcom Tutoring | 8/30/22 | $193,428 |
Childcare Careers Staffing | 8/30/22 | $113,980 |
Stacktech Llc It Services | 8/30/22 | $119,551 |
Shi Government Solutions Inc Software Solutions | 8/30/22 | $246,264 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,000,062 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,000,062 |
| Total Program Service Revenue | $295,920 |
| Investment income | $141,233 |
| 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 | $20,437,215 |
| 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. | $351,365 |
| Compensation of current officers, directors, key employees. | $140,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,418,130 |
| Pension plan accruals and contributions | $826,075 |
| Other employee benefits | $775,189 |
| Payroll taxes | $154,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,778 |
| Fees for services: Accounting | $36,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,823,960 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $336,508 |
| Travel | $119,520 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,170,759 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $935,743 |
| Insurance | $128,752 |
| All other expenses | $0 |
| Total functional expenses | $20,705,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,750,636 |
| Savings and temporary cash investments | $924,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,576,719 |
| 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 | $0 |
| Net Land, buildings, and equipment | $28,488,498 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,327,897 |
| Other assets | $456,474 |
| Total assets | $39,524,618 |
| Accounts payable and accrued expenses | $245,451 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $34,663,656 |
| 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 | $454,745 |
| Total liabilities | $35,363,852 |
| Net assets without donor restrictions | $2,985,617 |
| Net assets with donor restrictions | $1,175,149 |
| 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 | $39,524,618 |