Legacy Academy
Legal name: Legacy Collaborative
Nonprofit profile at a glance
- EIN
- 934154266
- IRS 990 coverage
- 2024–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025, Form 990-EZ 2024
- Location
- Folsom, CA, USA
- Phone
- 9165424780
- Rating
- 44
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $507,589
- Expenses
- $579,328
- Assets
- $58,528
- Liabilities
- $8,221
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- KATE BAGLEY (CEO)
Highest reported compensation
- HEATHER LU (Secretary): $63,776 total reported compensation
- KATE BAGLEY (CEO): $45,613 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Every child is becoming someone who will shape the world around them — and that formation begins now. We believe legacy is not only what a person accomplishes, but who they become — and the lives they go on to influence. Legacy is more than what we leave behind — it is what we build into the next generation. At Legacy Academy, we partner with God’s design and purpose for young leaders and their families — supporting and strengthening parents in their role as the primary influence, while equipping students to grow in confidence, character, and competence, and to step into their unique calling.
What it reported doing in 2025
Pre-K and early elementary educational programs serving children ages 310 in a Christ-centered, mixed-age learning environment.
Operating model
- Revenue model
- Earned-program. 60% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 7
- Transparency & Controls: 92
- Accountability: 56
- Sustainability: 12
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 8.4%; rating input score 8
- Program expense ratio: 7.3%; rating input score 7
- 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: 40%; rating input score 40; 14th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -14.1%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.1; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 18.9%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: -82.2% per year; rating input score 0; 0th percentile among comparable filings
- Revenue growth: 21.8% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: -118.7% per year; rating input score 0; 0th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site
- Where the money goes: 8.4% of revenue deployed · 7.3% of spending went to programs
- Governance: 2 of 5 board members independent · 7 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $42K in reported program spending
- Leadership: top reported pay $64K · 5 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 7 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 8/100.
- High — Financial Efficiency: Program expense ratio scored 7/100.
- Moderate — Accountability: Independent voting board scored 40/100.
- High — Sustainability: Operating margin scored 10/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 18/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.