Legacy Learning Center Inc

Nonprofit profile at a glance

EIN
472584604
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Indianapolis, IN, USA
Phone
3178207859
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$2,346,488
Expenses
$1,965,274
Assets
$3,491,925
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • MUHAMED BECOVIC (PRESIDENT)

Highest reported compensation

  • TEWFIK CHOUKRI (TREASURER): $56,550 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Philosophy is rooted in the belief that every student has the right to the best quality of education available and that education is a process which encompasses the entire experience students encounter in their school. Education is for grades 1 through 12.

What it reported doing in 2024

To instill in our students a real love of learning to make them lifelong learners. To offer the best possible educational opportunities and experiences to allow our students to reach their highest potential. To develop in our students a desire, willingness and ability to be positive, contributing members of their school community and of the community at large. To instill in our students a real love for and understanding of the teachings and practices of Islam, with particular emphasis on respect, effective communication, and cooperation. To develop in our students strong leadership skills by fostering self-discipline, self-motivation, strong work habits, the ability to think critically and the desire to do ones best. To encourage each student to cherish his/her own cultural values and heritage to respect individuals with different cultural backgrounds. To develop each students ability to analyze and solve problems facing individuals in a rapidly changing world. To prepare students to do well on standardized tests. To empower students to seek and succeed in post-secondary education. To hire the most qualified faculty and staff. To provide faculty, staff, and students access to the best possible resources to enable them reach their highest educational and extracurricular goals. To include parents in the educational process by regularly updating them on school activities; including them in special training and workshop opportunities dedicated to supporting their parenting duties; and inviting them to participate in all school-related activities. The school served 185 students during the 2021-2022 school year.

Operating model

Revenue model
Grant-funded. 98% of the money available for current operations came from government grants.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. 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: 80
  • Transparency & Controls: 90
  • Accountability: 74
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.8%; rating input score 84
  • Program expense ratio: 100%; rating input score 100
  • 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 16.2%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 1.78; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: 2.9%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: 17.1% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 16.5% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 29.9% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 83.8% of revenue deployed · 100% of spending went to programs
  • Governance: 5 of 5 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2M in reported program spending
  • Leadership: top reported pay $57K · 5 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.