2026-03-10T19:46:37-05:00 2025-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 455 N CITYFRONT PLAZA DR - SUITE 1600 CHICAGO IL 60611 990 2024-07-01 264115871 LEGACY ACADEMY OF EXCELLENCE CHARTER SCHOOL LEGA 8159684590 4029 PRAIRIE ROAD ROCKFORD IL 611024501 DR BARBARA FORTE SECRETARY/EXECUTIVE DIRECTOR 8159684590 2026-03-06 1 1 JAMES G QUAID P00641738 3126707444 2026-03-06 2024 2025-03-06 01:10:19Z DR BARBARA FORTE 4029 PRAIRIE ROAD ROCKFORD IL 611024501 3903095 0 X WWW.LEGACY-ACADEMY.COM X 2009 IL TO INSTILL A LIFELONG PASSION FOR LEARNING WITHIN ALL ITS STUDENTS WHILE ENSURING THAT ALL LEARNERS, REGARDLESS OF ECONOMIC AND SOCIAL BACKGROUND, CAN SUCCEED ACADEMICALLY AND BECOME CONTRIBUTING CITIZENS. 7 6 47 6 0 0 4408462 3641787 191437 194666 6291 0 16778 66642 4622968 3903095 0 0 0 0 2579595 2350440 0 0 0 1892098 1705676 4471693 4056116 151275 -153021 2122504 1930146 454991 415654 1667513 1514492 TO INSTILL A LIFELONG PASSION FOR LEARNING WITHIN ALL ITS STUDENTS WHILE ENSURING THAT ALL LEARNERS, REGARDLESS OF ECONOMIC AND SOCIAL BACKGROUND, CAN SUCCEED ACADEMICALLY AND BECOME CONTRIBUTING CITIZENS. 0 0 3429129 194666 THE SCHOOL IS SUPPORTED PRIMARILY THROUGH TUITION PAYMENTS FROM ROCKFORD PUBLIC SCHOOLS AND GRANTS FROM STATE AND FEDERAL AGENCIES. DURING THE YEAR ENDED JUNE 30, 2025, THE SCHOOL RECEIVED APPROXIMATELY 93% OF ITS SUPPORT FROM PCTC TUITION AND FEDERAL FUNDS FROM ROCKFORD PUBLIC SCHOOLS.DURING THE YEAR ENDED JUNE 30, 2025, THE SCHOOL SERVED 228 STUDENTS. 3429129 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 47 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 8159684590 4029 PRAIRIE ROAD ROCKFORD IL 611024501 DR BARBARA FORTE SECRETARY/EXECUTIVE DIRECTOR 40.00 X X 207538 0 0 WANDA FARMER PRESIDENT 0.50 X X 0 0 0 JUDY BROOKS BOARD MEMBER 0.50 X 0 0 0 ARLENE GLADNEY BOARD MEMBER 0.50 X 0 0 0 FAYRENE MUHAMMAD BOARD MEMBER 0.50 X 0 0 0 ALICE PATTERSON BOARD MEMBER 0.50 X 0 0 0 LINDA SAENZ BOARD MEMBER 0.50 X 0 0 0 LYNN VICTOROV ASSISTANT EXECUTIVE DIRECTOR 40.00 X 151011 0 941 CHRISTOPHER JENKINS OPERATIONS AND SCHOLAR SUPPORT MANAGER 40.00 X 117279 0 594 475828 0 1535 3 0 1 0 ON-LINE SECURITY SYSTEMS LLC 618 EAST STATE STREET ROCKFORD IL 61104 SECURITY SERVICES 112853 1 3641787 13034 3641787 FOOD PROGRAM 611710 194666 194666 194666 INSURANCE PROCEEDS 524298 66642 66642 66642 3903095 194666 0 66642 212289 74301 137988 1797479 1667465 130014 5107 4426 681 225711 195612 30099 109854 95205 14649 5125 5125 64098 64098 293712 244087 49625 94504 77181 17323 6753 5753 1000 266596 229132 37464 107555 93212 14343 36995 32062 4933 16427 10625 5802 132242 85533 46709 135440 87602 47838 DIRECT STUDENT COSTS 219687 218356 1331 FOOD PROGRAM 205621 204376 1245 OTHER STAFF COSTS 59356 54331 5025 PROFESSIONAL DEVELOPMEN 45715 39619 6096 15850 10251 5599 4056116 3429129 626987 0 782680 1062880 196297 554545 85283 22721 1924903 1276655 699996 648248 2122504 1930146 289641 310304 165350 105350 454991 415654 X 1667513 1514492 1667513 1514492 2122504 1930146 -153021 0 X 0 1 X 1 0 X 3383235 3458624 4245573 4408462 3641787 19137681 3383235 3458624 4245573 4408462 3641787 19137681 19137681 1548 1556 141 16778 20023 19157704 827350 0.99900 0.99890 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 1,548. 2021 AMOUNT: $ 1,556. 2022 AMOUNT: $ 141. 2023 AMOUNT: $ 16,778. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 177000 177000 373459 95050 278409 1374444 1181605 192839 648248 X 3903095 0 3903095 0 3903095 4056116 0 4056116 0 4056116 PART X, LINE 2: THE SCHOOL IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. MANAGEMENT HAS DETERMINED THAT THE SCHOOL WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZES THAT THEY ARE AN OPEN ENROLLMENT SCHOOL WHICH EXTENDS ADMISSION TO ANY AND ALL STUDENTS, RESIDING IN ROCKFORD, FOR THE OFFERED GRADE LEVELS. THIS MESSAGE IS COMMUNICATED BY ATTENDING COMMUNITY EVENTS, DISTRIBUTING PRINTED MATERIALS, FULL DISCLOSURE ON THEIR WEBSITE, AND OPEN COMMUNICATION WITH LOCAL GOVERNMENT OFFICIALS. SCHEDULE E, PART I, LINE 4 LEGACY ACADEMY OF EXCELLENCE CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL WITH NO TUITION, THEREFORE NO SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE ARE AWARDED TO STUDENTS TO ATTEND LEGACY ACADEMY OF EXCELLENCE CHARTER SCHOOL. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED FEDERAL AND STATE GOVERNMENTAL FUNDS PASSED THROUGH ROCKFORD PUBLIC SCHOOLS AND ILLINOIS BOARD OF STATE EDUCATION TO ASSIST IN THE SCHOOL'S EFFORT TO PROVIDE AND EDUCATION, OPEN TO THE PUBLIC, AND AVAILABLE TO ANY CITY OF ROCKFORD STUDENT. 0 0 0 0 0 0 0 0 0 DR BARBARA FORTE SECRETARY/EXECUTIVE DIRECTOR 207538 0 0 0 0 0 0 0 0 0 207538 0 0 0 LYNN VICTOROV ASSISTANT EXECUTIVE DIRECTOR 151011 0 0 0 0 0 0 0 941 0 151952 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR REVIEWS AND ASSISTS IN THE PREPARATION AND REVIEW OF FORM 990 WITH THE SCHOOL'S CPA FIRM. A DRAFT IS THEN PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW. ONCE APPROVED BY THE BOARD OF DIRECTORS, THE FINAL FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, AS DEFINED BELOW, IS AN INTERESTED PERSON. 1. DUTY TO DISCLOSE IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS, OFFICERS, AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. 2. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. 3. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 SALARIES FOR ALL MANAGEMENT POSITIONS ARE REVIEWED ON AN ANNUAL BASIS BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS COMPARES SALARIES TO OTHER SCHOOLS BEFORE MAKING FINAL DETERMINATIONS. SALARIES FOR ALL TEACHERS ARE REVIEWED ON AN ANNUAL BASIS BY MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.