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Legacy Academy Of Excellence Charter School

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 264115871 ✦ Rockford, IL ✦ Designated as a 501(c)(3)

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Overview

What is Legacy Academy Of Excellence Charter School?

Located at 4029 Prairie Road, Rockford, IL, Legacy Academy of Excellence Charter School is a nonprofit institution serving around 200 students from kindergarten to twelfth grade. Their mission is to foster a lifelong passion for learning in each student, ensuring equitable academic success irrespective of their economic and social backgrounds. The school strives to cultivate students who can contribute positively to society. During the 2021-2022 fiscal year, the school employed 41 dedicated individuals to achieve this goal.


Official website here: www.legacy-academy.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

Legacy Academy Of Excellence Charter School has received a high rating of 96% from Charity Navigator, which signifies strong accountability and financial health. This rating is based entirely on one beacon score, with a perfect assessment in various governance aspects, indicating a well-structured organization focused on transparency and ethical practices.

The school demonstrates a strong commitment to independent oversight, with 71% of its board members being independent. It has effectively established policies for conflict of interest, whistleblowing, and document retention, which are crucial for maintaining integrity and trust. Additionally, the organization has no reported material diversion of assets, further reinforcing its reliability.

However, while the financial metrics indicate a robust program expense ratio of 84.33%, highlighting effective fund allocation towards its mission, it's important for stakeholders to continue monitoring the school’s financial practices to ensure ongoing compliance and operational efficiency. Overall, Legacy Academy Of Excellence Charter School exemplifies a well-managed nonprofit dedicated to its educational goals.


This AI summary has been generated from information found on Charity Navigator.

Is Legacy Academy Of Excellence Charter School legitimate?

Legacy Academy Of Excellence Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Academy Of Excellence Charter School submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $104,173
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,508,360

For more financial information, click here


Official website here: www.legacy-academy.com

What is the mission statement of Legacy Academy Of Excellence Charter School?

The Legacy Academy of Excellence Charter School's mission is focused on inspiring a lifelong love for learning in all its students. Regardless of their economic or social background, the school strives to ensure that each learner can thrive academically and develop into responsible citizens. The school's mission aims to provide an environment where every student has the opportunity to succeed, ultimately contributing positively to society. During the fiscal year ending in June 2022, the school served approximately 200 students from kindergarten through twelfth grade.


Official website here: www.legacy-academy.com

Who is the CEO of Legacy Academy Of Excellence Charter School?

Dr Barbara Forte is the Assistant Executive Director of Legacy Academy Of Excellence Charter School.


Official website here: www.legacy-academy.com

What is the revenue of Legacy Academy Of Excellence Charter School?

Legacy Academy Of Excellence Charter School's revenue in 2022 was $3,612,648.


Official website here: www.legacy-academy.com

Who are the executives of Legacy Academy Of Excellence Charter School and what are their salaries?

The average compensation at Legacy Academy Of Excellence Charter School during 2022 was $39,330. There are 41 employees at Legacy Academy Of Excellence Charter School.


Here are 8 key members and their salaries:


Lynn Victorov (Assistant Executive Director)
  • Compensation: $121,923
  • Related: $0
  • Other: $286
Christopher Jenkins (Treasurer/Business Manager)
  • Compensation: $92,678
  • Related: $0
  • Other: $172
Dr Barbara Forte (Secretary/Executive Director)
  • Compensation: $0
  • Related: $24,000
  • Other: $0
Wanda Farmer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Brooks (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arlene Gladney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fayrene Muhammad (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alice Patterson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.legacy-academy.com

Where can I find the form 990 for Legacy Academy Of Excellence Charter School?

Legacy Academy Of Excellence Charter School's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.legacy-academy.com

Learn more at the official website: www.legacy-academy.com

Mission Statement of Legacy Academy Of Excellence Charter School

Legacy Academy of Excellence Charter School is committed to fostering a lifelong passion for learning within its students, ensuring that all learners, regardless of their economic and social background, can succeed academically and become contributing citizens. The school's mission is to instill in its students a strong sense of academic curiosity and the essential skills needed to thrive in various aspects of life. By providing an inclusive and supportive learning environment, Legacy Academy of Excellence Charter School strives to nurture well-rounded individuals who can make a positive impact in their communities. During the 2021-2022 academic year, the school served approximately 200 students from kindergarten through twelfth grade, offering them an enriching educational experience that empowers them to reach their full potential.

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Impact




October, 2024

Legacy Academy of Excellence Charter School fosters a transformative educational environment that prioritizes a lifelong passion for learning among its students. By serving approximately 200 students from kindergarten through eighth and twelfth grades, the school actively works to ensure that all learners, irrespective of their economic or social backgrounds, can achieve academic success. This commitment not only enhances individual educational outcomes but also cultivates responsible, contributing citizens within the Rockford community. The academy's inclusive approach promotes equity in education, empowering students to overcome barriers and realize their full potential. Through its initiatives, the school impacts not just the students but the broader community by nurturing a sense of civic responsibility and engagement.




This information is meant to be a general summary of Legacy Academy Of Excellence Charter School. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,612,648 (2022)
Expenses
$3,838,389 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $152,868
  • Gross Receipts: $3,612,648

Assets and Liabilities:

  • Total Assets: $1,691,588
  • Total Liabilities: $472,352
  • Net Assets: $1,219,236

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FOOD SERVICE PROGRAM

Revenue

$152,868

Organization Details

Founding Year

2009

Principal Officer

Dr Barbara Forte

Main Address

4029 PRAIRIE ROAD, ROCKFORD, IL, 611024501

NTEE Category

Code: B29 - Education

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