Overview
What is Legacy Academy?
Legacy Academy, situated in Elizabeth, Colorado, is a nonprofit institution dedicated to providing quality education to students ranging from Kindergarten to 8th grade. With a total of 91 employees, the organization serves around 498 students, offering a Before & After Program at school and a homeschool program for added flexibility. Legacy Academy's mission is to foster the growth of its students' character and academic potential in an academically rigorous and content-rich environment. The institution strives to enrich the lives of its students through comprehensive educational programs.
Official website here: www.legacyk8.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Star rating)
Legacy Academy receives a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strong accountability and financial management practices, it has significant areas that require improvement. The high scores in governance-related items, such as having a majority independent board and a well-documented conflict of interest policy, reflect positively on its operational transparency.
However, the organization struggles notably with its financial health, evidenced by the liabilities to assets ratio, which is markedly high at 118.82%. This suggests potential financial instability, which could affect its capacity to sustain programs and services in the long term. Although the program expense ratio is strong, emphasizing effective allocation of funds towards its mission, the overall financial concerns warrant attention.
In summary, while Legacy Academy shows commitment to governance and transparency, it must address its financial challenges to enhance its overall rating and ensure the sustainability of its operations. Stakeholders and potential donors should consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Legacy Academy legitimate?
Legacy Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Academy 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: $131,644
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,170,311
For more financial information, click here
Official website here: www.legacyk8.org
What is the mission statement of Legacy Academy?
Legacy Academy's mission is centered around nurturing the character and academic growth of its students. This is achieved through an academically challenging and comprehensive educational environment. The institution serves students from grades K-8, catering to approximately 498 students. This includes offering a Before & After Program within the school premises and a homeschool program. The primary goal is to equip these students with the necessary skills and values to reach their full academic potential.
Official website here: www.legacyk8.org
Who is the CEO of Legacy Academy?
Matt Ledesma is the President of Legacy Academy.
Official website here: www.legacyk8.org
What is the revenue of Legacy Academy?
Legacy Academy's revenue in 2022 was $6,521,082.
Official website here: www.legacyk8.org
Who are the executives of Legacy Academy and what are their salaries?
The average compensation at Legacy Academy during 2022 was $25,296. There are 91 employees and 200 volunteers at Legacy Academy.
Here are 6 key members and their salaries:
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- Compensation: $90,667
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- Other: $11,623
Official website here: www.legacyk8.org
Where can I find the form 990 for Legacy Academy?
Legacy Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.legacyk8.org
Learn more at the official website: www.legacyk8.org
Mission Statement of Legacy Academy
Legacy Academy, a nonprofit organization, is committed to fostering the character development and academic growth of its students in grades K-8. The institution prides itself on providing an education that is both academically rigorous and rich in content. By doing so, Legacy Academy aims to nurture the full potential of each student who passes through its doors. The academy offers various educational programs, including a Before & After Program at school and a homeschool program, benefiting approximately 498 students. The primary objective of Legacy Academy is to create a conducive learning environment that not only enhances students' academic skills but also instills in them strong moral values and character traits.
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Impact
July, 2024
Legacy Academy's impact is profound, as it guides students in developing their character and academic potential through an academically rigorous and content-rich environment. Serving approximately 498 students in K-8th grade in Elizabeth, CO, Legacy Academy provides education that not only benefits the students academically but also nurtures their character development. With programs like Before & After school and a homeschool program, Legacy Academy is dedicated to shaping well-rounded individuals who are equipped for success in both academics and life.
This information is meant to be a general summary of Legacy Academy. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $24,469
- Program Service Revenue: $4,534,926
- Gross Receipts: $6,524,453
Assets and Liabilities:
- Total Assets: $12,265,761
- Total Liabilities: $14,789,139
- Net Assets: -$2,523,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Per Pupil Revenue
Revenue
$4,055,532
Mill Levy Revenue
Revenue
$325,992
Student Fees
Revenue
$90,160
Tuition
Revenue
$34,125
Transportation
Revenue
$29,117
Organization Details
Founding Year
1997
Phone
(303) 646-2636Principal Officer
Matt Ledesma
Main Address
1975 Legacy Circle, Elizabeth, CO, 80107
Website
www.legacyk8.orgNTEE Category
Code: B24 - Education
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