Legacy Early Learning Academy FY2022 filing

Grapevine, TXUnknown exempt organizationEIN 83-4089104Revenue $1.8M in FY2022

On file with the IRSlegacyela.com2501 Stone Myers Parkway · Grapevine, TX

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Lela exists to prepare children for lifelong educational and social success

85¢ of each $1 spent went to programs.
$17K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
Pay to officers and key staff
$17K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
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
$42K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
+36% vs prior year
Spent
$1.4M
To programs
85%
Net assets
$709K
By yearFY2020–FY2025
Revenue
$1.8M
FY2022▲ +36%
Tap a bar for its year
Revenue by fiscal year
FY2020$852K
FY2021$1.3M
FY2022$1.8M
FY2023$1.8M
FY2024$346K
FY2025$57K
Expenses
$1.4M
FY2022▲ +43%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$964K
FY2022$1.4M
FY2023$1.8M
FY2024$427K
FY2025$106
Net assets
$709K
FY2022▲ +155%
Tap a bar for its year
Net assets by fiscal year
FY2020−$30K
FY2021$278K
FY2022$709K
FY2023$697K
FY2024$219K
FY2025$0

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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% · $1.2M Management & general 15% · $208K

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

7 people listed on the 990; $17K paid to officers and key staff.

Part VII, Section A · reportable compensation
Board Member
$14,250Pt VII · Sec A
Board Member
$2,400Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$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.

Questions for Legacy Early Learning Academy

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2022
01

Preschool and after school program for children ages 0-13.

$1.2Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.2M
Gifts and grantsLn 1h$577K
Investment incomeLn 3$3K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.2M
Managementcol C$208K
Owns and owesPt X
$709K
net assets · Ln 32
Cash and savingsLn 1–2$609K
Total assetsLn 16$751K
LiabilitiesLn 26$42K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$577K
Government grantsLn 1e$551K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$3K
Other incomeLn 4–11$200
Gains on assetsLn 7$15
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$609K
Cash and savings togetherLn 1–2$609K
Land, buildings, equipmentLn 10c$100K
Total assetsLn 16$751K
LiabilitiesLn 26$42K
Net assetsLn 32$709K
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 FY22End FY22
Cash and savingsLn 1–2$208K$609K
Land, buildings, equipmentLn 10c$60K$100K
Total assetsLn 16$287K$751K
LiabilitiesLn 26$9K$42K
Net assetsLn 32$278K$709K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$763K$763K
Other employee benefitsLn 9$67K$67K
Payroll taxesLn 10$64K$64K
Other fees for servicesLn 11g$89K$85K$5K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$13K$13K
Information technologyLn 14$1K$1K
OccupancyLn 16$111K$111K
Depreciation, depletion and amortizationLn 22$65K$65K
InsuranceLn 23$28K$28K
Other expenses (24a–d)Ln 24$133K$115K$18K
All other expensesLn 24e$40K$13K$27K
Total functional expensesLn 25$1.4M$1.2M$208K$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 Viewing $1.8M$1.4M$389K$709K 990 PDF
FY2021 $1.3M$964K$333K$278K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $1,769,602 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $616,104$576,585
I-9 Program service revenuePrior year $679,610$1,189,840
I-10 Investment incomePrior year $538$2,977
I-11 Other revenuePrior year $400$200
I-12 Total revenuePrior year $1,296,652$1,769,602
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $696,533$894,578
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $267,617$485,718
I-18 Total expensesPrior year $964,150$1,380,296
I-19 Revenue less expensesPrior year $332,502$389,306
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,769,602 across 8 lines filed
VIII-1e Government grants$551,419
VIII-1f All other contributions, gifts and grants$25,166
VIII-1h Total contributions, gifts and grants$576,585
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,189,840$1,189,840
VIII-3 Investment incomeRelated to mission $2,962$2,962
VIII-7 Net gain or loss on sales of assetsRelated to mission $15$15
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $200$200
VIII-12 Total revenueRelated to mission $1,193,017$1,769,602
Part IX · Statement of functional expenses $1,380,296 across 12 lines filed
IX-7 Other salaries and wagesPrograms $763,459$763,459
IX-9 Other employee benefitsPrograms $66,891$66,891
IX-10 Payroll taxesPrograms $64,228$64,228
IX-11g Other fees for servicesPrograms $84,741 · Management $4,573$89,314
IX-12 Advertising and promotionManagement $4,798$4,798
IX-13 Office expensesManagement $13,058$13,058
IX-14 Information technologyManagement $1,075$1,075
IX-16 OccupancyManagement $111,445$111,445
IX-22 Depreciation, depletion and amortizationPrograms $64,958$64,958
IX-23 InsuranceManagement $28,161$28,161
IX-24 Other expenses (24a–d)Programs $115,240 · Management $17,670$132,910
IX-24e All other expensesPrograms $12,893 · Management $27,106$39,999
IX-25 Total functional expensesPrograms $1,172,410 · Management $207,886 · Fundraising $0$1,380,296
Part X · Balance sheet $751,291 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $207,786$609,113
X-4 Accounts receivableStart of year $14,353$18,331
X-9 Prepaid expenses and deferred chargesStart of year $4,642$24,249
X-10c Land, buildings and equipment, netStart of year $59,784$99,598
X-16 Total assetsStart of year $286,565$751,291
X-17 Accounts payable and accrued expensesStart of year $8,550$41,898
X-26 Total liabilitiesStart of year $8,550$41,898
X-27 Net assets without donor restrictionsStart of year $278,015$709,393
X-32 Total net assets or fund balancesStart of year $278,015$709,393
X-33 Total liabilities and net assetsStart of year $286,565$751,291
Part XI · Reconciliation of net assets $709,393 net assets at year end
XI-1 Total revenue$1,769,602
XI-2 Total expenses$1,380,296
XI-3 Revenue less expenses$389,306
XI-4 Net assets at start of year$278,015
XI-5 Net unrealized gains (losses) on investments$2,258
XI-9 Other changes in net assets$39,814
XI-10 Net assets at end of year$709,393

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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