Legion Collegiate Academy
- Assets
- $13.6m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 46
- Location
- Rock Hill, SC
- Founding
- 05/2018
- Data as of
- 06/2023
- EIN
- 82-3998802
Organization Overview
Legion Collegiate Academy is located in Rock Hill, SC. The organization was established in 2018. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Legion Collegiate Academy employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legion Collegiate 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 06/2023, Legion Collegiate Academy generated $6.2m in total revenue. All expenses for the organization totaled $5.9m during the year ending 06/2023. While expenses have increased by 78.6% per year over the past 5 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
MISSION: LEGION COLLEGIATE ACADEMY (LCA) SERVES HIGH SCHOOL STUDENTS IN A SAFE, SMALL, FAMILY-CENTERED ENVIRONMENT WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, AND ELITE ATHLETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGION COLLEGIATE ACADEMY (LCA) SERVES HIGH SCHOOL STUDENTS IN A SAFE, SMALL, FAMILY-CENTERED ENVIRONMENT WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, AND ELITE ATHLETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT.
LEGION COLLEGIATE ACADEMY (LCA) SERVES HIGH SCHOOL STUDENTS IN A SAFE, SMALL, FAMILY-CENTERED ENVIRONMENT WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, AND ELITE ATHLETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Paquette Board Chair | OfficerTrustee | 0 | $0 |
Judge Collier Vice Chair | OfficerTrustee | $0 | |
Jason Handschumacher Treasurer | OfficerTrustee | $0 | |
Andy Jackson Secretary | OfficerTrustee | $0 | |
Robert Baker Director | Trustee | $0 | |
Stephanie Burton Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,949,591 |
| 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 | $5,949,591 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| 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 | $6,240,750 |
| 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 | $1,717,943 |
| Pension plan accruals and contributions | $24,512 |
| Other employee benefits | $256,810 |
| Payroll taxes | $149,716 |
| Fees for services: Management | $844,482 |
| Fees for services: Legal | $57,716 |
| Fees for services: Accounting | $14,916 |
| Fees for services: Lobbying | $24,312 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $715,337 |
| Advertising and promotion | $36,480 |
| Office expenses | $332,715 |
| Information technology | $76,557 |
| Royalties | $0 |
| Occupancy | $227,577 |
| Travel | $6,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $974,967 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $403,458 |
| Insurance | $30,646 |
| All other expenses | $0 |
| Total functional expenses | $5,894,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,764,670 |
| Savings and temporary cash investments | $80,778 |
| Pledges and grants receivable | $190,550 |
| 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 | $5,495 |
| Net Land, buildings, and equipment | $11,508,802 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,550,295 |
| Accounts payable and accrued expenses | $266,381 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $13,030,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $715,000 |
| Unsecured mortgages and notes payable | $880,395 |
| Other liabilities | -$139,375 |
| Total liabilities | $14,752,401 |
| Net assets without donor restrictions | -$1,202,106 |
| 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 | $13,550,295 |