Legacy School Inc
- Assets
- $1.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 62
- Location
- Sykesville, MD
- Founding
- 02/2012
- Data as of
- 06/2021
- EIN
- 27-4462154
Organization Overview
Legacy School Inc is located in Sykesville, MD. The organization was established in 2012. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Legacy School Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy School Inc 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 School Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $2.5m during the year ending 06/2021. While expenses have increased by 15.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LEGACY SCHOOL IS DESIGNED TO MEET THE EDUCATIONAL NEEDS OF CHILDREN WITH LANGUAGE-BASED LEARNING DIFFERENCES DYSLEXIA, DYSGRAPHIA, AND LANGUAGE PROCESSING DIFFICULTIES IN GRADES 1 THROUGH 8. THE LEGACY SCHOOL'S PURPOSE IS TO RESPOND TO THE POPULATION OF INTELLIGENT, CREATIVE CHILDREN WHO NEED A STRUCTURED, SYSTEMATIC AND MULTI-SENSORY APPROACH IN ORDER TO LEARN HOW TO READ AND WRITE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES ELEMENTARY AND MIDDLE SCHOOL EDUCATION TO STUDENTS WITH LANGUAGE-BASED DIFFERENCES AND NEED A MORE STRUCTURED, SYSTEMATIC AND MULTI-SENSORY APPROACH IN ORDER TO LEARN TO READ AND WRITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Caplan President | OfficerTrustee | 40 | $128,926 |
Mike Trevison Vice President | OfficerTrustee | 3 | $0 |
Ilene Glickman ESQ Secretary | OfficerTrustee | 3 | $0 |
Stanley Caplan Director | Trustee | 3 | $0 |
Matt Hollbrook Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $274,768 |
| All other contributions, gifts, grants, and similar amounts not included above | $404,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $679,443 |
| Total Program Service Revenue | $2,253,116 |
| Investment income | $214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,235 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,939,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $76,271 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $134,148 |
| Compensation of current officers, directors, key employees. | $12,442 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,499,152 |
| Pension plan accruals and contributions | $7,690 |
| Other employee benefits | $62,588 |
| Payroll taxes | $126,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $865 |
| Fees for services: Accounting | $29,013 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,589 |
| Advertising and promotion | $8,874 |
| Office expenses | $26,297 |
| Information technology | $11,014 |
| Royalties | $0 |
| Occupancy | $235,425 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $159 |
| Interest | $39,227 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,332 |
| Insurance | $17,295 |
| All other expenses | $57,586 |
| Total functional expenses | $2,521,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,976 |
| Savings and temporary cash investments | $575,091 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,970 |
| 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 | $6,706 |
| Net Land, buildings, and equipment | $1,065,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,800 |
| Total assets | $1,801,745 |
| Accounts payable and accrued expenses | $11,982 |
| Grants payable | $0 |
| Deferred revenue | $335,224 |
| 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 | $704,697 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,051,903 |
| Net assets without donor restrictions | $749,842 |
| Net assets with donor restrictions | $0 |
| 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 | $1,801,745 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Legacy School Inc has recieved totaling $270.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $270 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Annapolis Area Christian School Association Inc Severn, MD | $29,091,894 | $17,563,578 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Norwood School Inc Bethesda, MD | $57,964,554 | $24,196,645 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Sussex Academy Of Arts & Sciences Inc Georgetown, DE | $42,610,221 | $13,826,672 |
Lowell School Inc Washington, DC | $42,214,480 | $16,545,938 |