Southeast Education Foundation Dba Legacy Christian Academy
Nonprofit profile at a glance
- EIN
- 371527090
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Beaumont, TX, USA
- Phone
- 4099240500
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Secondary, High School
- Affiliation
- Christianity
Reported finances
- Revenue
- $3,745,765
- Expenses
- $3,649,874
- Assets
- $5,668,329
- Liabilities
- $1,933,617
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Highest reported compensation
- James Armstrong (School Director): $31,875 total reported compensation
- JoLynne McCraw (Former Interim School Director): $28,270 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Non-profit, non-denominational Christian school
What it reported doing in 2024
To provide educational opportunities for children through 12th grade in a Christian environment.
Operating model
- Revenue model
- Earned-program. 84% 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 and program spending has grown recently. A relatively small share of voting board members are independent and a relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 53
- Transparency & Controls: 70
- Accountability: 26
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.4%; rating input score 55
- Program expense ratio: 58%; rating input score 58
- Fundraising efficiency: $8.03 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.6%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 1.55; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.34; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 1.6%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 0.8% per year; rating input score 100; 16th percentile among comparable filings
- Revenue growth: 2.7% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 0.7% per year; rating input score 100; 14th percentile among comparable filings
Details
- Where the money goes: 55.4% of revenue deployed · 58% of spending went to programs
- Governance: 0 of 10 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.1M in reported program spending
- Leadership: top reported pay $32K · 12 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $803K reported
- Consistency: 31 of 31 current checks pass
- Schedules: 9 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 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: Independent voting board scored 0/100.
- Review — Financial Efficiency: Mission deployment rate scored 55/100.
- Review — Financial Efficiency: Program expense ratio scored 58/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
- Moderate — Sustainability: Operating margin scored 43/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.