Legacy Early Learning Academy FY2020 filing

Grapevine, TXUnknown exempt organizationEIN 83-4089104

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Lela exists to prepare children for lifelong educational and social success

85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $68K a year · 7% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $110K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$194K
118% of total assets
Concern: liabilities are 118% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$852K
Spent
$1.2M
To programs
85%
Net assets
−$30K
By yearFY2020–FY2025
Revenue
$852K
FY2020
Revenue by fiscal year
FY2020$852K
FY2021$1.3M
FY2022$1.8M
FY2023$1.8M
FY2024$346K
FY2025$57K
Expenses
$1.2M
FY2020
Expenses by fiscal year
FY2020$1.2M
FY2021$964K
FY2022$1.4M
FY2023$1.8M
FY2024$427K
FY2025$106
Net assets
−$30K
FY2020
Net assets by fiscal year
FY2020−$30K
FY2021$278K
FY2022$709K
FY2023$697K
FY2024$219K
FY2025$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $987K Management & general 15% · $175K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Board Presid
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
See Legacy Early Learning Academy executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares children for lifelong educational and social success.

Provided by the organization

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1 program · $987K · in their own filed words · FY2020
01

Preschool and after school program for children ages 0-13

$987Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
ProjecthandupFY2021$60K
Total grants receivedfrom 3 funders$110K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$852K
Ln 12
Fees for servicesLn 2g$510K
Gifts and grantsLn 1h$342K
Money outPt IX
$1.2M
Ln 25
Programscol B$987K
Managementcol C$175K
Owns and owesPt X
−$30K
net assets · Ln 32
Cash and savingsLn 1–2$32K
Total assetsLn 16$164K
LiabilitiesLn 26$194K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$342K
Fees for servicesLn 2g$510K
Total revenueLn 12$852K
Assets in detailPt X, end of year
CashLn 1$32K
Cash and savings togetherLn 1–2$32K
Land, buildings, equipmentLn 10c$84K
Total assetsLn 16$164K
LiabilitiesLn 26$194K
Net assetsLn 32−$30K
OperationsPt I, VI
EmployeesI 533
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$67K$32K
Land, buildings, equipmentLn 10c$108K$84K
Total assetsLn 16$291K$164K
LiabilitiesLn 26$45K$194K
Net assetsLn 32$246K−$30K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$766K$766K
Other employee benefitsLn 9$49K$49K
Payroll taxesLn 10$64K$64K
Other fees for servicesLn 11g$29K$26K$2K
Advertising and promotionLn 12$611$611
Office expensesLn 13$5K$5K
OccupancyLn 16$18K$18K
InsuranceLn 23$25K$25K
Other expenses (24a–d)Ln 24$166K$68K$98K
All other expensesLn 24e$41K$15K$26K
Total functional expensesLn 25$1.2M$987K$175K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $57K$106$57K$0 990 PDF
FY2024 $346K$427K−$81K$219K 990 PDF
FY2023 $1.8M$1.8M$18K$697K 990 PDF
FY2022 $1.8M$1.4M$389K$709K 990 PDF
FY2021 $1.3M$964K$333K$278K 990 PDF
FY2020 Viewing $852K$1.2M−$310K−$30K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $852,118 across 4 lines filed
VIII-1f All other contributions, gifts and grants$342,271
VIII-1h Total contributions, gifts and grants$342,271
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $509,847$509,847
VIII-12 Total revenueRelated to mission $509,847$852,118
Part IX · Statement of functional expenses $1,162,424 across 10 lines filed
IX-7 Other salaries and wagesPrograms $765,545$765,545
IX-9 Other employee benefitsPrograms $49,156$49,156
IX-10 Payroll taxesPrograms $63,547$63,547
IX-11g Other fees for servicesPrograms $26,244 · Management $2,459$28,703
IX-12 Advertising and promotionManagement $611$611
IX-13 Office expensesManagement $4,579$4,579
IX-16 OccupancyManagement $18,000$18,000
IX-23 InsuranceManagement $24,942$24,942
IX-24 Other expenses (24a–d)Programs $68,095 · Management $98,387$166,482
IX-24e All other expensesPrograms $14,718 · Management $26,141$40,859
IX-25 Total functional expensesPrograms $987,305 · Management $175,119 · Fundraising $0$1,162,424
Part X · Balance sheet $163,843 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $67,466$31,817
X-4 Accounts receivableStart of year $78,437$14,818
X-9 Prepaid expenses and deferred chargesStart of year $37,040$33,170
X-10c Land, buildings and equipment, netStart of year $108,290$84,038
X-16 Total assetsStart of year $291,233$163,843
X-17 Accounts payable and accrued expensesStart of year $45,434$15,332
X-25 Other liabilities$178,744
X-26 Total liabilitiesStart of year $45,434$194,076
X-27 Net assets without donor restrictionsStart of year $245,799−$30,233
X-32 Total net assets or fund balancesStart of year $245,799−$30,233
X-33 Total liabilities and net assetsStart of year $291,233$163,843
Part XI · Reconciliation of net assets −$30,233 net assets at year end
XI-1 Total revenue$852,118
XI-2 Total expenses$1,162,424
XI-3 Revenue less expenses−$310,306
XI-4 Net assets at start of year$245,799
XI-9 Other changes in net assets$34,274
XI-10 Net assets at end of year−$30,233

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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