Legacy Traditional Schools
- Assets
- $274.0k
- Revenue
- $460.5k
- Investments
- $0.0
- Employees
- 148
- Location
- Chandler, AZ
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-0641842
Organization Overview
Legacy Traditional Schools is located in Chandler, AZ. The organization was established in 2014. 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 Traditional Schools employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Traditional Schools 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 Traditional Schools generated $460.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 71.6% each year . All expenses for the organization totaled $534.3k during the year ending 06/2022. While expenses have increased by 60.1% 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
LEGACY TRADITIONAL SCHOOLS (LTS) WAS CREATED TO PROVIDE A NETWORK OF SUPPORT PROGRAMS AND SERVICES TO LEGACY TRADITIONAL CHARTER SCHOOLS (LTCS), AND ITS RELATED CHARTER SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGACY TRADITIONAL SCHOOLS (LTS) IS A SUPPORTING ORGANIZATION AND WAS CREATED TO PROVIDE A NETWORK OF SUPPORT PROGRAMS AND SERVICES TO LEGACY TRADITIONAL CHARTER SCHOOLS (LTCS) (NOW LEGACY TRADITIONAL SCHOOL - MARICOPA, LEGACY TRADITIONAL SCHOOL - QUEEN CREEK, AND LEGACY TRADITIONAL SCHOOL - CASA GRANDE), LEGACY TRADITIONAL SCHOOL - AVONDALE, LEGACY TRADITIONAL SCHOOL - SURPRISE, LEGACY TRADITIONAL SCHOOL - CHANDLER, LEGACY TRADITIONAL SCHOOL - GILBERT, LEGACY TRADITIONAL SCHOOL - GLENDALE, LEGACY TRADITIONAL SCHOOL - LAVEEN, LEGACY TRADITIONAL SCHOOL - NORTH CHANDLER, LEGACY TRADITIONAL SCHOOL - NORTHWEST TUCSON, LEGACY TRADITIONAL SCHOOL - PEORIA, LEGACY TRADITIONAL SCHOOL - EAST MESA, LEGACY TRADITIONAL SCHOOL - GOODYEAR, LEGACY TRADITIONAL SCHOOL - WEST SURPRISE, LEGACY TRADITIONAL SCHOOL - NORTH PHOENIX, LEGACY TRADITIONAL SCHOOL - SAN TAN, LEGACY TRADITIONAL SCHOOL - DEER VALLEY, LEGACY TRADITIONAL SCHOOL - MESA, LEGACY TRADITIONAL SCHOOL - EAST TUCSON, LEGACY TRADITIONAL SCHOOL - PHOENIX, AND LEGACY TRADITIONAL SCHOOL - NORTH PHOENIX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenni Ferrin Secretary | OfficerTrustee | 1 | $0 |
James Beaudoin Director | Trustee | 1 | $0 |
Kathy Senseman Treasurer | OfficerTrustee | 1 | $0 |
Diego Gettler Director | Trustee | 1 | $0 |
Heather Jones President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,541 |
| Total Program Service Revenue | $458,937 |
| Investment income | $0 |
| 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 | $460,478 |
| 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 | $421,423 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $77 |
| Payroll taxes | $39,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $544 |
| Office expenses | $35,887 |
| Information technology | $33,123 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $534,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,641 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $19,001 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,320 |
| Total assets | $273,962 |
| Accounts payable and accrued expenses | $325,669 |
| Grants payable | $0 |
| Deferred revenue | $21 |
| 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 | $0 |
| Total liabilities | $325,690 |
| Net assets without donor restrictions | $0 |
| 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 | -$51,728 |
| Total liabilities and net assets/fund balances | $273,962 |