Legacy Academy FY2021 filing

Tax-deductible

Elizabeth, CO501(c)(3)Since 1997EducationEIN 84-1413963

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501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$84K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
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
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$17.0M
133% of total assets
Concern: liabilities are 133% 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
$5.6M
+10% vs prior year
Spent
$4.1M
To programs
74%
Net assets
−$4.2M
By yearFY2020–FY2025
Revenue
$5.6M
FY2021▲ +10%
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
FY2021+0.04%
Expenses by fiscal year
FY2020$4.1M
FY2021$4.1M
FY2022$4.8M
FY2023$5.5M
FY2024$6.1M
FY2025$7.2M
Net assets
−$4.2M
FY2021▲ +26%
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 FY2021 Form 990 (year ending June 2021) · 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

74 cents of each dollar spent went to programs.

Program services 74% · $3.1M Management & general 26% · $1.1M

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

6 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$83,729Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$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.

See Legacy 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

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

Provided by the organization

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1 program · $3.1M · in their own filed words · FY2020
01

Provide education to students in K-8th grade, benefiting approximately 262 students, including a Before & After Program at school and a homeschool program.

$3.1Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.6M
Ln 12
Fees for servicesLn 2g$3.7M
Other incomeLn 4–11$1.3M
Gifts and grantsLn 1h$625K
Money outPt IX
$4.1M
Ln 25
Programscol B$3.1M
Managementcol C$1.1M
Owns and owesPt X
−$4.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$12.7M
LiabilitiesLn 26$17.0M
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$625K
Government grantsLn 1e$623K
Fees for servicesLn 2g$3.7M
Investment incomeLn 3$23K
Other incomeLn 4–11$1.3M
Total revenueLn 12$5.6M
Assets in detailPt X, end of year
CashLn 1$98K
SavingsLn 2$1.8M
Cash and savings togetherLn 1–2$1.9M
Land, buildings, equipmentLn 10c$8.9M
Total assetsLn 16$12.7M
LiabilitiesLn 26$17.0M
Net assetsLn 32−$4.2M
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 FY21End FY21
Cash and savingsLn 1–2$3.8M$1.9M
Land, buildings, equipmentLn 10c$8.4M$8.9M
Total assetsLn 16$13.0M$12.7M
LiabilitiesLn 26$18.7M$17.0M
Net assetsLn 32−$5.7M−$4.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$108K$108K
Other salaries and wagesLn 7$1.8M$1.4M$413K
Pension plan contributionsLn 8$376K$310K$66K
Other employee benefitsLn 9$84K$67K$17K
Payroll taxesLn 10$26K$21K$6K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$399K$223K$177K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$24K$6K$18K
Information technologyLn 14$66K$66K
OccupancyLn 16$136K$107K$29K
TravelLn 17$25K$24K$94
InterestLn 20$407K$306K$102K
Depreciation, depletion and amortizationLn 22$299K$224K$75K
InsuranceLn 23$29K$22K$7K
Other expenses (24a–d)Ln 24$282K$240K$42K
Total functional expensesLn 25$4.1M$3.1M$1.1M$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 Viewing $5.6M$4.1M$1.5M−$4.2M 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $5,616,648 across 8 lines filed
VIII-1e Government grants$623,224
VIII-1f All other contributions, gifts and grants$1,496
VIII-1h Total contributions, gifts and grants$624,720
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,711,186$3,711,186
VIII-3 Investment incomeExcluded from tax $23,453$23,453
VIII-8 Net income from fundraising eventsExcluded from tax $296$296
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,256,993$1,256,993
VIII-12 Total revenueRelated to mission $4,968,179 · Unrelated business $0 · Excluded from tax $23,749$5,616,648
Part IX · Statement of functional expenses $4,135,981 across 17 lines filed
IX-5 Pay of current officers, directors and key staffManagement $107,896$107,896
IX-7 Other salaries and wagesPrograms $1,435,828 · Management $412,957$1,848,785
IX-8 Pension plan contributionsPrograms $309,673 · Management $65,976$375,649
IX-9 Other employee benefitsPrograms $66,734 · Management $17,229$83,963
IX-10 Payroll taxesPrograms $20,897 · Management $5,555$26,452
IX-11b Legal feesManagement $9,694$9,694
IX-11c Accounting feesManagement $7,700$7,700
IX-11g Other fees for servicesPrograms $222,706 · Management $176,552$399,258
IX-12 Advertising and promotionManagement $9,118$9,118
IX-13 Office expensesPrograms $5,511 · Management $18,378$23,889
IX-14 Information technologyPrograms $66,001$66,001
IX-16 OccupancyPrograms $107,385 · Management $28,546$135,931
IX-17 TravelPrograms $24,452 · Management $94$24,546
IX-20 InterestPrograms $305,518 · Management $101,840$407,358
IX-22 Depreciation, depletion and amortizationPrograms $224,220 · Management $74,740$298,960
IX-23 InsurancePrograms $21,738 · Management $7,246$28,984
IX-24 Other expenses (24a–d)Programs $239,500 · Management $42,297$281,797
IX-25 Total functional expensesPrograms $3,050,163 · Management $1,085,818 · Fundraising $0$4,135,981
Part X · Balance sheet $12,732,692 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $120,242$97,703
X-2 Savings and temporary cash investmentsStart of year $3,658,432$1,784,937
X-3 Pledges and grants receivable$23,620
X-4 Accounts receivableStart of year $2,427$132,839
X-9 Prepaid expenses and deferred chargesStart of year $772,630$1,775,327
X-10c Land, buildings and equipment, netStart of year $8,420,917$8,918,266
X-16 Total assetsStart of year $12,974,648$12,732,692
X-17 Accounts payable and accrued expensesStart of year $1,310,986$178,819
X-19 Deferred revenueStart of year $216,792$62,674
X-20 Tax-exempt bond liabilitiesStart of year $9,235,977$9,014,101
X-25 Other liabilitiesStart of year $7,918,045$7,703,583
X-26 Total liabilitiesStart of year $18,681,800$16,959,177
X-32 Total net assets or fund balancesStart of year −$5,707,152−$4,226,485
X-33 Total liabilities and net assetsStart of year $12,974,648$12,732,692
Part XI · Reconciliation of net assets −$4,226,485 net assets at year end
XI-1 Total revenue$5,616,648
XI-2 Total expenses$4,135,981
XI-3 Revenue less expenses$1,480,667
XI-4 Net assets at start of year−$5,707,152
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$4,226,485

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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