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Nonprofit · EIN 87-1751287

LEGACY CLASSICAL ACADEMY

Tax-exempt · RUTHERFORDTON, NC 28139

Financials

$1.1M$1.1M2023$2.2M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of LEGACY CLASSICAL ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,150,016$2,373,847-$223,831$7,571,655$7,906,956-$335,301
June 30, 2024990$1,124,374$1,113,268$11,106$71,637$183,107-$111,470
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$2,100,661
of which government grants
$2,095,661
Program service revenue
$0
Investment income
$0
Other revenue
$49,355

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$727,453
Salaries, compensation and benefits (total)
$863,410
Professional fundraising fees
$0
Legal fees
$21,209
Accounting fees
$10,000
Occupancy
$32,547
Travel
$7,283
Depreciation
$3,607
Program services (functional)
$962,341
Management and general (functional)
$1,411,506

Balance sheet and other

Total assets, start of year
$71,637
Total assets, end of year
$7,571,655
Total liabilities, end of year
$7,906,956
Net assets, end of year
-$335,301
Land, buildings and equipment
$68,532
Net assets without donor restrictions
-$403,833
Net assets with donor restrictions
$68,532
Gross receipts
$2,150,016
Employees
28
Volunteers
35
Year formed
2021
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
BERNIE PARNELLCHAIRMAN
Trustee or director
4$0
MELA TUCKERVICE CHAIRMAN
Trustee or director
4$0
BRIAN HARBOURMEMBER
Trustee or director
4$0
ERICA BRANDONSECRETARY
Trustee or director
4$0
KRISTI RAKESTREASURER
Trustee or director
4$0
990 for the year ended June 30, 2024: 5 people
NameTitleHours / weekCompensation
BERNIE PARNELLCHAIRMAN
Trustee or director
4$0
MELA TUCKERVICE CHAIRMAN
Trustee or director
4$0
BRIAN HARBOURTREASURER
Trustee or director
4$0
ERICA BRANDONSECRETARY
Trustee or director
4$0
KRISTI RAKESMEMBER
Trustee or director
4$0

Address and contacts

Address (IRS master file)
PO BOX 86, RUTHERFORDTON, NC 28139-0086
Principal officer (990 for 2024)
Kim Eaton, 2621 S Scales St, Reidsville, NC 27320
Signed the 990
Kim Eaton, Operations Manager
Phone
(336) 514-3054
Return prepared by
Darrell L Keller CPA PA

Mission

Operate a Charter School

990 for the year ended June 30, 2025

Program accomplishments

  • Operation of a Charter School - Reidsville, NC
    Expenses $962,341 · revenue $2,150,016

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
87-1751287
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2023
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$7,571,655
Income (IRS master file)
$2,150,016

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,150,016$2,373,847$7,571,655IRS
990June 2024$1,124,374$1,113,268$71,637IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-1751287).

Questions about LEGACY CLASSICAL ACADEMY

What is the EIN of LEGACY CLASSICAL ACADEMY?
The employer identification number (EIN) of LEGACY CLASSICAL ACADEMY is 87-1751287.
Is LEGACY CLASSICAL ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to LEGACY CLASSICAL ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LEGACY CLASSICAL ACADEMY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LEGACY CLASSICAL ACADEMY due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LEGACY CLASSICAL ACADEMY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of LEGACY CLASSICAL ACADEMY?
The 990 for the year ended June 30, 2025 names Kim Eaton.
Who are the officers and directors of LEGACY CLASSICAL ACADEMY?
The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does LEGACY CLASSICAL ACADEMY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,150,016, expenses of $2,373,847 and total assets of $7,571,655 at year end.

Other nonprofits in RUTHERFORDTON

All nonprofits in RUTHERFORDTON · North Carolina · Education