Legacy Academy FY2020 filing

Tax-deductible

Elizabeth, CO501(c)(3)Since 1997EducationEIN 84-1413963Revenue $5.1M in FY2020

On file with the IRSlegacyk8.org1975 Legacy Cir, 80107-8330 · Elizabeth, COTax-exempt since Apr 2000School — 170(b)(1)(A)(ii)

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501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$71K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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 $624K a year · 11% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$71K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18.7M
144% of total assets
Concern: liabilities are 144% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.1M
Spent
$4.1M
To programs
75%
Net assets
−$5.7M
By yearFY2020–FY2025
Revenue
$5.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.1M
FY2021$5.6M
FY2022$6.5M
FY2023$5.7M
FY2024$5.9M
FY2025$6.8M
Expenses
$4.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.1M
FY2021$4.1M
FY2022$4.8M
FY2023$5.5M
FY2024$6.1M
FY2025$7.2M
Net assets
−$5.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$5.7M
FY2021−$4.2M
FY2022−$2.5M
FY2023−$2.4M
FY2024−$3.0M
FY2025−$3.4M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2000.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $3.1M Management & general 25% · $1.0M

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; $71K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$70,712Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tony Vruggink’s $94K as Principal is at the 27th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tony Vruggink$94,184$97,517$71,966———
Tammy Thorn———$90,667$83,729$70,712

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Develops students' character and academic potential through rigorous, content-rich learning.

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Provided by the organization

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1 program · $3.1M · in their own filed words · FY2019
01

Provide education to students in K-8th grade benefiting approximately 464 students, including a Before & After Program at school and a homeschool program.

$3.1Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.1M
Ln 12
Fees for servicesLn 2g$4.0M
Other incomeLn 4–11$681K
Gifts and grantsLn 1h$313K
Money outPt IX
$4.1M
Ln 25
Programscol B$3.1M
Managementcol C$1.0M
Owns and owesPt X
−$5.7M
net assets · Ln 32
Cash and savingsLn 1–2$3.8M
Total assetsLn 16$13.0M
LiabilitiesLn 26$18.7M
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$313K
Government grantsLn 1e$309K
Fees for servicesLn 2g$4.0M
Investment incomeLn 3$112K
Other incomeLn 4–11$681K
Total revenueLn 12$5.1M
Assets in detailPt X, end of year
CashLn 1$120K
SavingsLn 2$3.7M
Cash and savings togetherLn 1–2$3.8M
Land, buildings, equipmentLn 10c$8.4M
Total assetsLn 16$13.0M
LiabilitiesLn 26$18.7M
Net assetsLn 32−$5.7M
OperationsPt I, VI
EmployeesI 592
VolunteersI 6200
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$6.6M$3.8M
Land, buildings, equipmentLn 10c$4.2M$8.4M
Total assetsLn 16$12.8M$13.0M
LiabilitiesLn 26$19.5M$18.7M
Net assetsLn 32−$6.7M−$5.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$103K$103K
Other salaries and wagesLn 7$1.9M$1.5M$395K
Pension plan contributionsLn 8$382K$301K$81K
Other employee benefitsLn 9$82K$77K$5K
Payroll taxesLn 10$34K$26K$7K
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$596K$434K$162K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$28K$9K$20K
Information technologyLn 14$55K$55K
OccupancyLn 16$148K$117K$31K
TravelLn 17$35K$35K$160
InterestLn 20$421K$316K$105K
Depreciation, depletion and amortizationLn 22$165K$124K$41K
InsuranceLn 23$25K$19K$6K
Other expenses (24a–d)Ln 24$114K$77K$36K
Total functional expensesLn 25$4.1M$3.1M$1.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.8M$7.2M−$408K−$3.4M 990 PDF
FY2024 $5.9M$6.1M−$146K−$3.0M 990 PDF
FY2023 $5.7M$5.5M$119K−$2.4M 990 PDF
FY2022 $6.5M$4.8M$1.7M−$2.5M 990 PDF
FY2021 $5.6M$4.1M$1.5M−$4.2M 990 PDF
FY2020 Viewing $5.1M$4.1M$994K−$5.7M 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 (6 parts)
Part I · Summary $5,128,026 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $307,570$312,509
I-9 Program service revenuePrior year $3,391,616$4,022,223
I-10 Investment incomePrior year $65,886$112,158
I-11 Other revenuePrior year $436,003$681,136
I-12 Total revenuePrior year $4,201,075$5,128,026
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,303,607$2,509,873
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,430,950$1,624,531
I-18 Total expensesPrior year $3,734,557$4,134,404
I-19 Revenue less expensesPrior year $466,518$993,622
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,128,026 across 8 lines filed
VIII-1e Government grants$308,860
VIII-1f All other contributions, gifts and grants$3,649
VIII-1h Total contributions, gifts and grants$312,509
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,022,223$4,022,223
VIII-3 Investment incomeExcluded from tax $112,158$112,158
VIII-8 Net income from fundraising eventsExcluded from tax $2,400$2,400
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $678,736$678,736
VIII-12 Total revenueRelated to mission $4,700,959 · Unrelated business $0 · Excluded from tax $114,558$5,128,026
Part IX · Statement of functional expenses $4,134,404 across 17 lines filed
IX-5 Pay of current officers, directors and key staffManagement $102,724$102,724
IX-7 Other salaries and wagesPrograms $1,514,156 · Management $394,890$1,909,046
IX-8 Pension plan contributionsPrograms $301,272 · Management $80,997$382,269
IX-9 Other employee benefitsPrograms $76,851 · Management $5,413$82,264
IX-10 Payroll taxesPrograms $26,457 · Management $7,113$33,570
IX-11b Legal feesManagement $14,684$14,684
IX-11c Accounting feesManagement $8,500$8,500
IX-11g Other fees for servicesPrograms $433,891 · Management $162,081$595,972
IX-12 Advertising and promotionManagement $14,398$14,398
IX-13 Office expensesPrograms $8,656 · Management $19,657$28,313
IX-14 Information technologyPrograms $55,299$55,299
IX-16 OccupancyPrograms $116,877 · Management $30,903$147,780
IX-17 TravelPrograms $34,722 · Management $160$34,882
IX-20 InterestPrograms $315,922 · Management $105,307$421,229
IX-22 Depreciation, depletion and amortizationPrograms $123,519 · Management $41,173$164,692
IX-23 InsurancePrograms $18,942 · Management $6,314$25,256
IX-24 Other expenses (24a–d)Programs $77,254 · Management $36,272$113,526
IX-25 Total functional expensesPrograms $3,103,818 · Management $1,030,586 · Fundraising $0$4,134,404
Part X · Balance sheet $12,974,648 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $227,265$120,242
X-2 Savings and temporary cash investmentsStart of year $6,368,672$3,658,432
X-4 Accounts receivableStart of year $3,390$2,427
X-9 Prepaid expenses and deferred chargesStart of year $1,966,317$772,630
X-10c Land, buildings and equipment, netStart of year $4,211,859$8,420,917
X-16 Total assetsStart of year $12,777,503$12,974,648
X-17 Accounts payable and accrued expensesStart of year $192,930$1,310,986
X-19 Deferred revenueStart of year $43,371$216,792
X-20 Tax-exempt bond liabilitiesStart of year $9,448,142$9,235,977
X-25 Other liabilitiesStart of year $9,793,834$7,918,045
X-26 Total liabilitiesStart of year $19,478,277$18,681,800
X-32 Total net assets or fund balancesStart of year −$6,700,774−$5,707,152
X-33 Total liabilities and net assetsStart of year $12,777,503$12,974,648
Part XI · Reconciliation of net assets −$5,707,152 net assets at year end
XI-1 Total revenue$5,128,026
XI-2 Total expenses$4,134,404
XI-3 Revenue less expenses$993,622
XI-4 Net assets at start of year−$6,700,774
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$5,707,152

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

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