Legacy Academy INC

Tax-deductible

Branson, MO501(c)(3)EducationEIN 84-3203340

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To provide a classical christian education for kindergarten to 12th grade along with providing quality preschool for ages 2 to 5.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Run by 25 volunteers and 62 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 3
filings with a surplus
Average surplus $75K a year · 7% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$46K
to officers and key staff · 3% of spending
Top officer’s pay lower than 94% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$27K
4% of total assets
Looks good: liabilities are 4% 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
$1.7M
+23% vs prior year
Spent
$1.5M
To programs
97%
Net assets
$697K
By yearFY2023–FY2025
Revenue
$1.7M
FY2025▲ +23%
Revenue by fiscal year
FY2023$378K
FY2024$1.4M
FY2025$1.7M
Expenses
$1.5M
FY2025▲ +5%
Expenses by fiscal year
FY2023$344K
FY2024$1.4M
FY2025$1.5M
Net assets
$697K
FY2025▲ +44%
Net assets by fiscal year
FY2023$507K
FY2024$485K
FY2025$697K

From the FY2025 Form 990 (year ending June 2025) · 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 Jul 2023.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $1.4M Management & general 3% · $41K Fundraising 0% · $2K

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; $46K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director of Operations
$46,154Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Kathryn Jones’s $46K as Director of Operations is at the 6th 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 · 1 named individual · Part VII

NameFY2025FY2024
Kathryn Jones$46,154$45,000

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 15aNo

Programs and updates

Educates children from preschool through 12th grade with a classical Christian approach.

Provided by the organization

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2 program services account for $1.4M of program spending, described in the organization's own filed words · FY2024.
01

To operate and maintain an educational institution serving up to 150 students, grades kindergarten through 7TH grade.

$908Kprogram expense
02

To operate and maintain a preschool institution servicing an average of 110 students ages 2 to 5 years old.

$508Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $81K · 2023–2024
Unitemized GrantFY2024$37,127
Unitemized GrantFY2023$43,937

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.6M
Gifts and grantsLn 1h$55K
Investment incomeLn 3$5K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.4M
Managementcol C$41K
Fundraisingcol D$2K
Owns and owesPt X
$697K
net assets · Ln 32
Cash and savingsLn 1–2$280K
Total assetsLn 16$724K
LiabilitiesLn 26$27K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$55K
Government grantsLn 1e$10K
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$5K
Gains on assetsLn 7−$26K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$122K
SavingsLn 2$159K
Cash and savings togetherLn 1–2$280K
Land, buildings, equipmentLn 10c$266K
Other assetsLn 15$100K
Total assetsLn 16$724K
LiabilitiesLn 26$27K
Net assetsLn 32$697K
OperationsPt I, VI
EmployeesI 562
VolunteersI 625
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 FY25End FY25
Cash and savingsLn 1–2$153K$280K
Land, buildings, equipmentLn 10c$388K$266K
Total assetsLn 16$611K$724K
LiabilitiesLn 26$125K$27K
Net assetsLn 32$485K$697K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$37K$37K
Pay of current officers, directors and key staffLn 5$46K$29K$18K
Other salaries and wagesLn 7$923K$922K$796
Payroll taxesLn 10$81K$80K$2K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$8K$8K
Information technologyLn 14$15K$15K
OccupancyLn 16$110K$110K
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$39K$39K
Other expenses (24a–d)Ln 24$127K$127K
All other expensesLn 24e$16K$16K
Total functional expensesLn 25$1.5M$1.4M$41K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.7M$1.5M$211K$697K 990 PDF
FY2024 $1.4M$1.4M−$22K$485K 990 PDF
FY2023 $378K$344K$35K$507K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $1,670,522 across 7 lines filed
VIII-1e Government grants$10,328
VIII-1f All other contributions, gifts and grants$44,932
VIII-1h Total contributions, gifts and grants$55,260
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,636,525$1,636,525
VIII-3 Investment incomeExcluded from tax $4,916$4,916
VIII-7 Net gain or loss on sales of assetsRelated to mission −$26,179−$26,179
VIII-12 Total revenueRelated to mission $1,610,346 · Unrelated business $0 · Excluded from tax $4,916$1,670,522
Part IX · Statement of functional expenses $1,459,231 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $37,127$37,127
IX-5 Pay of current officers, directors and key staffPrograms $28,616 · Management $17,538$46,154
IX-7 Other salaries and wagesPrograms $922,144 · Management $796$922,940
IX-10 Payroll taxesPrograms $79,835 · Management $1,540$81,375
IX-11c Accounting feesManagement $21,126$21,126
IX-11g Other fees for servicesFundraising $2,230$2,230
IX-12 Advertising and promotionPrograms $3,074$3,074
IX-13 Office expensesPrograms $8,245$8,245
IX-14 Information technologyPrograms $15,202$15,202
IX-16 OccupancyPrograms $109,923$109,923
IX-20 InterestPrograms $12,925$12,925
IX-22 Depreciation, depletion and amortizationPrograms $16,724$16,724
IX-23 InsurancePrograms $39,106$39,106
IX-24 Other expenses (24a–d)Programs $127,266$127,266
IX-24e All other expensesPrograms $15,814$15,814
IX-25 Total functional expensesPrograms $1,416,001 · Management $41,000 · Fundraising $2,230$1,459,231
Part X · Balance sheet $723,804 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $53,656$121,732
X-2 Savings and temporary cash investmentsStart of year $99,804$158,765
X-4 Accounts receivableStart of year $19,409$77,769
X-10c Land, buildings and equipment, netStart of year $387,972$265,538
X-15 Other assetsStart of year $50,000$100,000
X-16 Total assetsStart of year $610,841$723,804
X-17 Accounts payable and accrued expensesStart of year $49,800$27,118
X-26 Total liabilitiesStart of year $125,446$27,118
X-27 Net assets without donor restrictionsStart of year $485,395$696,686
X-32 Total net assets or fund balancesStart of year $485,395$696,686
X-33 Total liabilities and net assetsStart of year $610,841$723,804
Part XI · Reconciliation of net assets $696,686 net assets at year end
XI-1 Total revenue$1,670,522
XI-2 Total expenses$1,459,231
XI-3 Revenue less expenses$211,291
XI-4 Net assets at start of year$485,395
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$696,686

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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