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Nonprofiteer
← LEGACY EARLY COLLEGE

Form 990 for tax year 2022

Filed by LEGACY EARLY COLLEGE.

Totals

Total revenue
$24,790,674
Total expenses
$24,077,069
Contributions and grants received
$24,392,353
Grants paid
$0
Program service revenue
$220,716
Investment income
$142,209
Other revenue
$35,396
Total assets, end of year
$33,185,242
Total liabilities, end of year
$22,104,114
Net assets or fund balances, end of year
$11,081,128
Program services expenses (Part IX)
$21,584,964
Management and general expenses
$2,492,105
Fundraising expenses
$0
Program service expenses (Part III)
$21,584,964

Program services were 89.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $23,358,220

  • 1f · All other contributions, gifts and grants

    $1,034,133

  • 2a · Program service revenue: ADMISSIONS

    total $55,641 · related or exempt $55,641

  • 2b · Program service revenue: STUDENT ACTIVITY FEES

    total $49,768 · related or exempt $49,768

  • 2c · Program service revenue: BOOKSTORE

    total $27,852 · related or exempt $27,852

  • 2d · Program service revenue: LUNCH SALES

    total $6,593 · related or exempt $6,593

  • 2f · All other program service revenue

    total $80,862 · related or exempt $80,862

  • 3 · Investment income

    total $156,264 · excluded $156,264

  • 6a · Gross rents

    real property $35,396

  • 6c · Rental income or loss

    real property $35,396

  • 6d · Net rental income or loss

    total $35,396 · excluded $35,396

  • 7a · Gross sales of assets other than inventory

    other assets $2,000

  • 7b · Less cost or other basis and sales expenses

    other assets $16,055

  • 7c · Gain or loss

    other assets -$14,055

  • 7d · Net gain or loss

    total -$14,055 · excluded -$14,055

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $140,871 · management and general $140,871

  • 7 · Other salaries and wages

    total $12,927,492 · program services $11,592,635 · management and general $1,334,857

  • 8 · Pension plan contributions

    total $956,538 · program services $847,434 · management and general $109,104

  • 9 · Other employee benefits

    total $1,571,005 · program services $1,394,514 · management and general $176,491

  • 10 · Payroll taxes

    total $984,640 · program services $869,971 · management and general $114,669

  • 11a · Fees: management

    total $349,764 · program services $349,764

  • 11b · Fees: legal

    total $11,869 · management and general $11,869

  • 11c · Fees: accounting

    total $60,696 · management and general $60,696

  • 11g · Fees: other

    total $2,553,369 · program services $2,410,897 · management and general $142,472

  • 12 · Advertising and promotion

    total $12,888 · program services $12,888

  • 13 · Office expenses

    total $93,537 · program services $25,960 · management and general $67,577

  • 14 · Information technology

    total $217,992 · program services $217,992

  • 16 · Occupancy

    total $1,329,934 · program services $1,196,941 · management and general $132,993

  • 17 · Travel

    total $235,279 · program services $235,279

  • 20 · Interest

    total $7,050 · program services $7,050

  • 22 · Depreciation, depletion and amortization

    total $1,283,594 · program services $1,155,235 · management and general $128,359

  • 23 · Insurance

    total $36,373 · program services $36,373

  • 24a · Other expenses: SUPPLIES AND MATERIALS

    total $591,323 · program services $591,323

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $340,841 · program services $306,757 · management and general $34,084

  • 24c · Other expenses: ATHLETICS

    total $154,364 · program services $154,364

  • 24d · Other expenses: FIELD TRIPS

    total $62,899 · program services $62,899

  • 24e · All other expenses

    total $154,751 · program services $116,688 · management and general $38,063

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,606,091 · end of year $1,400,034

  • 2 · Savings and temporary cash investments

    beginning of year $1,804,877 · end of year $8,647,553

  • 3 · Pledges and grants receivable

    beginning of year $2,503,235 · end of year $1,483,357

  • 4 · Accounts receivable

    beginning of year $6,123 · end of year $3,515

  • 9 · Prepaid expenses and deferred charges

    beginning of year $90,187 · end of year $86,891

  • 10a · Land, buildings and equipment: cost or other basis

    $5,967,937

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,090,961

  • 10c · Land, buildings and equipment, net

    beginning of year $2,097,538 · end of year $3,876,976

  • 15 · Other assets

    beginning of year $18,455,912 · end of year $17,686,916

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,227,688 · end of year $1,462,672

  • 19 · Deferred revenue

    beginning of year $706,460 · end of year $147,156

  • 23 · Secured mortgages and notes payable

    beginning of year $262,484 · end of year $1,737,603

  • 25 · Other liabilities

    beginning of year $18,999,808 · end of year $18,756,683

  • 27 · Net assets without donor restrictions

    beginning of year $9,821,016 · end of year $10,312,763

  • 28 · Net assets with donor restrictions

    beginning of year $546,507 · end of year $768,365

Mission and programs · 2022

Mission

THE MISSION OF LEGACY EARLY COLLEGE IS TO OFFER A QUALITY, RIGOROUS, AND RELEVANT EDUCATION PROGRAM LEADING TO COLLEGE GRADUATION AND EMPOWERING UNDERSERVED URBAN STUDENTS TO BECOME PRODUCTIVE, HEALTHY, PRINCIPLED CITIZENS IN A CHANGING SOCIETY.

Activities or mission (Part I)

LEGACY EARLY COLLEGE EXISTS TO PROVIDE AN ALTERNATIVE EDUCATION CHOICE FOR PARENTS AND STUDENTS OF GREENVILLE COUNTY, SC.

  • LEGACY'S EDUCATION MODEL COMBINES ACADEMIC EXCELLENCE, NUTRITION, AND FITNESS. LEGACY IS A SCHOOL OF 80 PERCENT MASTERY, SERVES ONLY NUTRITIOUS MEALS, AND IS THE ONLY PUBLIC SCHOOL IN SOUTH CAROLINA TO PROVIDE DAILY PHYSICAL EDUCATION FOR EVERY SCHOLAR. SCHOLARS ARE ALSO TAUGHT CORE SOCIAL, RELATIONSHIP AND EMOTIONAL SKILLS. LEGACY EARLY COLLEGE SERVED APPROXIMATELY 1,698 STUDENTS IN FY23.

    Expenses $21,584,964 · Revenue $220,716

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Virginia Burrows

    DIR. OF PROG

    Total calculated
    $146,896
    From this org
    $124,019
    From related orgs
    $0
    Other
    $22,877
    Hours/week
    40

  • Charles Ratterree

    COO

    Total calculated
    $142,078
    From this org
    $116,455
    From related orgs
    $0
    Other
    $25,623
    Hours/week
    50

  • Lacheryl Smith

    HEAD OF SCHO

    Total calculated
    $130,800
    From this org
    $115,435
    From related orgs
    $0
    Other
    $15,365
    Hours/week
    40

  • Jennifer Moore

    DIRECTOR OF

    Total calculated
    $126,886
    From this org
    $117,487
    From related orgs
    $0
    Other
    $9,399
    Hours/week
    55

  • Detra Dawkins-Jefferies

    INSTRUCTIONA

    Total calculated
    $109,777
    From this org
    $101,645
    From related orgs
    $0
    Other
    $8,132
    Hours/week
    40

  • William Brown

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Cary Hall

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Mark Crocker

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Steve Lanzl

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Charles Brewer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Claxton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Glenn Head

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Helen Irby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adela Mendoza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carl Stecker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Llyn Strong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411359349310146

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