Legacy Academy
Legal name: Legacy Academy Inc
Nonprofit profile at a glance
- EIN
- 831893292
- IRS 990 coverage
- 2022–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Caldwell, ID, US
- Phone
- 208-994-4908
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $885,940
- Expenses
- $762,248
- Assets
- $645,509
- Liabilities
- $26,117
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- MARCIE FROGLEY (PRESIDENT &)
Highest reported compensation
- MARCIE FROGLEY (PRESIDENT &): $18,000 total reported compensation
- KINDRA HOWARD (VICE PRESIDE): $6,913 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To help students become the people God created them to be by integrating faith, character, and scholarship in every aspect of education.
What it reported doing in 2024
Legacy academy seeks to partner with parents to provide a faith-based education for students rooted in principles of liberty, moral character, academic excellence, and faith.
Operating model
- Revenue model
- Earned-program. 64% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 92
- Accountability: 63
- Sustainability: 56
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.2%; rating input score 72
- Program expense ratio: 83.2%; rating input score 83
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 9 controls in place; rating input score 11
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 14%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 0.85; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 55; 55th percentile among comparable filings
- Officer compensation ratio: 3.3%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: 32.2% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 29.2% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 36.8% per year; rating input score 100; 94th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 72.2% of revenue deployed · 83.2% of spending went to programs
- Governance: 5 of 5 board members independent · 1 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $635K in reported program spending
- Leadership: top reported pay $18K · 5 people listed
- Consistency: 16 of 16 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 7 of 8 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- Review — Sustainability: Liabilities to assets ratio scored 55/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.