Legacy Christian Academy
- Assets
- $55.1m
- Revenue
- $29.6m
- Investments
- $0.0
- Employees
- 314
- Location
- Frisco, TX
- Founding
- 11/1999
- Data as of
- 07/2023
- EIN
- 75-2805332
Organization Overview
Legacy Christian Academy is located in Frisco, TX. The organization was established in 1999. 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 07/2023, Legacy Christian Academy employed 314 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 07/2023, Legacy Christian Academy generated $29.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $28.4m during the year ending 07/2023. While expenses have increased by 10.3% 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
EDUCATION PK-12 - LEGACY CHRISTIAN ACADEMY IS DEDICATED TO THE DEVELOPMENT OF ACADEMIC EXCELLENCE AND THE SPIRITUAL GROWTH OF ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGACY CHRISTIAN ACADEMY IS DEDICATED TO THE DEVELOPMENT OF ACADEMIC EXCELLENCE AND THE SPIRITUAL GROWTH OF ITS 1,304 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Brenneman Chair | OfficerTrustee | 5 | $0 |
Patrick Droesch Vice-Chair | OfficerTrustee | 5 | $0 |
Lisa Liberis Secretary | OfficerTrustee | 5 | $0 |
Brett Bingham Treasurer | OfficerTrustee | 5 | $0 |
John Alcala Director | Trustee | 5 | $0 |
Kenneth Chapman Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Auther's Building Group Llc Construction Services | 7/30/23 | $732,490 |
Symmetry Sports Llc Construction Services | 7/30/23 | $640,300 |
Insperity (Peo) Payroll And Hr Services | 7/30/23 | $454,391 |
American Transfers & Tours Transportation | 7/30/23 | $251,241 |
Enterprises Ju Maintenance And Janitorial | 7/30/23 | $435,618 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $246,861 |
| Related organizations | $0 |
| Government grants | $632,514 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,546,953 |
| Noncash contributions included in lines 1a–1f | $218,246 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,426,328 |
| Total Program Service Revenue | $26,261,474 |
| Investment income | $233,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$174,859 |
| Net Income from Fundraising Events | -$103,961 |
| Net Income from Gaming Activities | -$5,540 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,639,059 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,733,597 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $711,755 |
| Compensation of current officers, directors, key employees. | $340,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,075,974 |
| Pension plan accruals and contributions | $419,216 |
| Other employee benefits | $3,280,002 |
| Payroll taxes | $1,123,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,060 |
| Fees for services: Accounting | $45,614 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,328 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,646 |
| Office expenses | $852,859 |
| Information technology | $110,100 |
| Royalties | $0 |
| Occupancy | $1,522,574 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $237,839 |
| Interest | $758,368 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,748,878 |
| Insurance | $319,281 |
| All other expenses | $97,253 |
| Total functional expenses | $28,386,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,168,889 |
| Pledges and grants receivable | $321,863 |
| Accounts receivable, net | $231,637 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,912 |
| Prepaid expenses and deferred charges | $631,307 |
| Net Land, buildings, and equipment | $41,537,657 |
| Investments—publicly traded securities | $5,937,173 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $266,843 |
| Total assets | $55,112,281 |
| Accounts payable and accrued expenses | $730,031 |
| Grants payable | $0 |
| Deferred revenue | $14,055,452 |
| 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 | $15,583,129 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,368,612 |
| Net assets without donor restrictions | $24,088,190 |
| Net assets with donor restrictions | $655,479 |
| 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 | $55,112,281 |