Legacy Christian Academy
- Assets
- $11.3m
- Revenue
- $10.6m
- Investments
- $101.5k
- Employees
- 175
- Location
- Andover, MN
- Founding
- 02/2004
- Data as of
- 06/2022
- EIN
- 41-1868252
Organization Overview
Legacy Christian Academy is located in Andover, MN. The organization was established in 2004. 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 Christian Academy employed 175 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy 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 Christian Academy generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $8.7m during the year ending 06/2022. While expenses have increased by 10.6% 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
RELIGIOUS EDUCATION FOR PRESCHOOL THROUGH GRADE TWELVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIGIOUS EDUCATION FOR 746 STUDENTS IN PRESCHOOL THROUGH GRADE TWELVE FOR THE 2021-2022 SCHOOL YEAR.CONTINUE TO IMPLEMENT OUR STRATEGIC PLAN AND ROLL OUT A NEW CAMPAIGN TO FUND A BUILDING ADDITION PLANNED FOR SPRING 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Mulvihill Head Of School | Officer | 40 | $147,871 |
Peggy Scott Member | Trustee | 3 | $0 |
Brian Bovee Chairman Of The Board | Trustee | 5 | $0 |
Ben Minks Member | Trustee | 3 | $0 |
Scott Colestock Member | Trustee | 3 | $0 |
Jen Niska Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $145,208 |
| Related organizations | $0 |
| Government grants | $870,204 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,329,130 |
| Noncash contributions included in lines 1a–1f | $319,184 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,344,542 |
| Total Program Service Revenue | $8,217,385 |
| Investment income | $10,888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,236 |
| Net Income from Fundraising Events | $17,173 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,599,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,253,301 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $454,266 |
| Compensation of current officers, directors, key employees. | $163,682 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,315,888 |
| Pension plan accruals and contributions | $22,414 |
| Other employee benefits | $606,734 |
| Payroll taxes | $263,171 |
| Fees for services: Management | $463,150 |
| Fees for services: Legal | $875 |
| Fees for services: Accounting | $29,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $199,007 |
| Information technology | $107,863 |
| Royalties | $0 |
| Occupancy | $851,195 |
| Travel | $34,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $118,439 |
| Interest | $4,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,164 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,663,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,947,703 |
| Savings and temporary cash investments | $2,588,722 |
| Pledges and grants receivable | $1,871,878 |
| Accounts receivable, net | $106,620 |
| 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 | $330 |
| Net Land, buildings, and equipment | $4,668,289 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $101,493 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,285,035 |
| Accounts payable and accrued expenses | $53,700 |
| Grants payable | $0 |
| Deferred revenue | $2,313,776 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $585,462 |
| Total liabilities | $2,952,938 |
| Net assets without donor restrictions | $7,513,510 |
| Net assets with donor restrictions | $818,587 |
| 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 | $11,285,035 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Legacy Christian Academy has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Gregg W And Denise E Steinhafel Family Foundation Wayzata, MN PURPOSE: GENERAL FUND | $5,000 |
Connexus Energy Foundation Ramsey, MN PURPOSE: HIGH SCHOOL SCHOLARSHIPS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duluth Public Schools Academy Duluth, MN | $11,300,582 | $19,293,947 |
Providence Academy Plymouth, MN | $90,830,285 | $18,450,860 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |
Open Sky Education Inc Waukesha, WI | $15,604,401 | $16,173,980 |
Community Of Peace Academy St Paul, MN | $12,629,735 | $12,830,320 |
Des Moines Christian School Urbandale, IA | $33,454,159 | $19,777,183 |
New Millennium Academy Brooklyn Center, MN | $9,494,362 | $13,749,517 |
Tiospa Zina Tribal School Agency Village, SD | $23,159,499 | $11,778,835 |
Marty Indian School Board Inc Marty, SD | $22,784,414 | $13,798,378 |
Hope Community Academy St Paul, MN | $7,239,866 | $9,388,548 |