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Legacy Christian Academy Inc

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

EIN: 752805332 ✦ Frisco, TX ✦ Designated as a 501(c)(3)

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Overview

What is Legacy Christian Academy Inc?

Legacy Christian Academy Inc, located at 5000 Academy Drive in Frisco, Texas (75034), is a nonprofit educational institution with a commitment to fostering academic excellence and spiritual growth among its 1,116 students. The organization, with a workforce of 267 employees, is dedicated to providing quality education from pre-kindergarten through twelfth grade. Their mission encompasses both the intellectual and spiritual development of their students, ensuring a well-rounded educational experience.


Official website here: www.legacyca.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 92% (Four-Star out of Four Stars)

Legacy Christian Academy Inc has achieved a strong 92% rating from Charity Navigator, reflecting a commendable level of accountability and financial health. The rating is derived from a single beacon score emphasizing their commitment to financial stewardship, which is crucial for potential donors seeking transparency and effectiveness in their contributions.

The organization demonstrates robust governance practices, with 100% of board members being independent, ensuring objective oversight. Strong financial practices are highlighted by their efficient program expense ratio of 83.19%, which indicates that a significant portion of their funds is directed towards program services rather than administrative costs. Their comprehensive set of policies, including conflict of interest and whistleblower protections, contributes to a well-managed environment.

However, while the organization excels in accountability and finance, the liabilities to assets ratio of 55.10% suggests some level of financial leverage that may warrant attention from stakeholders. Overall, Legacy Christian Academy Inc shows a solid commitment to transparency and efficiency, making it a reliable choice for donors looking to support their mission.


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

Is Legacy Christian Academy Inc legitimate?

Legacy Christian Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Christian Academy Inc 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: $932,590
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,045,860

For more financial information, click here


Official website here: www.legacyca.com

What is the mission statement of Legacy Christian Academy Inc?

Legacy Christian Academy Inc is committed to fostering academic excellence and spiritual growth among its 1,116 students. The educational institution is deeply dedicated to this mission, focusing on both the intellectual and spiritual development of each student. Through rigorous academic programs, Legacy Christian Academy aims to prepare its students for future success while instilling strong moral values and faith. The school provides a nurturing environment where students can thrive, enabling them to reach their full potential and become well-rounded individuals. Legacy Christian Academy's mission is to provide an exceptional education that equips students with the skills and knowledge they need to succeed in life, while also fostering their spiritual growth. The institution's dedication to this mission ensures a well-rounded educational experience for all students.


Official website here: www.legacyca.com

Who is the CEO of Legacy Christian Academy Inc?

Gene Potts is the Chair of Legacy Christian Academy Inc.


Official website here: www.legacyca.com

What is the revenue of Legacy Christian Academy Inc?

Legacy Christian Academy Inc's revenue in 2022 was $23,616,775.


Official website here: www.legacyca.com

Who are the executives of Legacy Christian Academy Inc and what are their salaries?

The average compensation at Legacy Christian Academy Inc during 2022 was $41,118. There are 267 employees and 285 volunteers at Legacy Christian Academy Inc.


Here are 17 key members and their salaries:


Brad Brenneman (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Droesch (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Liberis (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Bingham (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dorothy Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trent Wood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Chapman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Owens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Franks (Director (As Of 10/21))
  • Compensation: $0
  • Related: $0
  • Other: $0
William D Mcgee (Head Of School)
  • Compensation: $302,748
  • Related: $0
  • Other: $32,685
Kevin Mosley (Associate Head Of School)
  • Compensation: $174,964
  • Related: $0
  • Other: $18,591
Gene Potts (Chief Financial Officer)
  • Compensation: $140,073
  • Related: $0
  • Other: $31,905
Shannon Nelson (Chief Advancement Officer)
  • Compensation: $140,073
  • Related: $0
  • Other: $14,885
Daniel Townsley (Chief Academic Officer)
  • Compensation: $116,167
  • Related: $0
  • Other: $10,476
Jeff Veal (Upper School Principal)
  • Compensation: $110,433
  • Related: $0
  • Other: $32,326
Joy Bell (Middle School Principal)
  • Compensation: $112,633
  • Related: $0
  • Other: $22,074


Official website here: www.legacyca.com

Where can I find the form 990 for Legacy Christian Academy Inc?

Legacy Christian Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.legacyca.com

Learn more at the official website: www.legacyca.com

Mission Statement of Legacy Christian Academy Inc

Legacy Christian Academy Inc is a dedicated educational institution committed to nurturing academic excellence and spiritual growth among its 1,116 students. The organization's mission goes beyond the mere acquisition of knowledge; it aims to foster an environment conducive to the holistic development of young minds.

At Legacy Christian Academy Inc, education extends beyond the textbooks. The institution is focused on instilling values, morals, and character in its students. Through its rigorous academic programs, the academy lays a strong foundation for the future, enabling students to excel in their chosen fields. Furthermore, the academy's spiritual focus provides students with a sense of purpose and direction, helping them grow into responsible, compassionate, and ethical individuals.

The academy's approach to education is unique, emphasizing both intellectual growth and spiritual development. Teachers and staff members collaborate to create a supportive learning environment, where students feel encouraged to ask questions and explore their interests. Legacy Christian Academy Inc's commitment to academic excellence and spiritual growth sets it apart, making it an invaluable resource for families seeking a well-rounded education for their children.

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Impact




October, 2024

Legacy Christian Academy Inc significantly impacts the educational landscape in Frisco, Texas, by fostering both academic excellence and spiritual development among its 1,116 students. The institution focuses on creating a well-rounded educational experience that not only emphasizes rigorous academic standards but also nurtures the spiritual growth of each student. This dual approach prepares students not just for academic success, but also equips them with the values and moral framework necessary for personal and community development.

By providing a curriculum that balances intellectual challenges with character education, Legacy Christian Academy cultivates a supportive environment where students can thrive. The emphasis on spiritual growth encourages students to develop a sense of purpose, ethics, and social responsibility, preparing them for future leadership roles within their communities. This commitment to holistic education not only benefits the students but also contributes to the broader community by fostering principled individuals who are engaged and responsible citizens.




This information is meant to be a general summary of Legacy Christian Academy Inc. 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
$23,616,775 (2022)
201120122013201420152016201720182019202020212022$0$6M$12M$18M$24M
Expenses
$23,912,673 (2022)
201120122013201420152016201720182019202020212022$0$6M$12M$18M$24M
Efficiency
2011201220132014201520162017201820192020202120220%15%30%45%66%

Other financial information:

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

  • Investment Income: $79,834
  • Program Service Revenue: $21,485,759
  • Gross Receipts: $27,164,076

Assets and Liabilities:

  • Total Assets: $57,062,319
  • Total Liabilities: $33,634,058
  • Net Assets: $23,428,261

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Programs

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

TUITION

Revenue

$21,193,711

EXTRA-CURRICULAR

Revenue

$292,048

Organization Details

Founding Year

1999

Principal Officer

Gene Potts

Main Address

5000 ACADEMY DRIVE, FRISCO, TX, 75034

NTEE Category

Code: B20 - Education

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