LEGACY PREPARATORY CHRISTIAN ACADEMY

EIN: 202693047 501(c)(3) Education

THE WOODLANDS, TX

Total Revenue
$25,391,493
Total Expenses
$9,149,987
Total Assets
$34,700,539
Net Assets
$26,167,818
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
TX
Principal Officer
AUDRA MAY
Phone
9363372000
Tax Period
2024-07-01 to 2025-06-30

LEGACY PREPARATORY CHRISTIAN ACADEMY, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $25.4M in total revenue in fiscal year 2024. Revenue surged 179% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.2M, a strong 64% operating margin.

Mission

THE MISSION OF LPCA IS:- TO PARTNER WITH PARENTS WHO ARE DEDICATED TO HELPING THEIR CHILDREN BECOME COLLEGE-WORTHY, CHARACTER WITNESSES OF CHRIST.(CONTINUED ON SCH. O)(CONTINUED FROM PART III)- TO FOSTER AN ENVIRONMENT THAT ALLOWS PARENTS TO PASS ON THEIR "LEGACY" OF FAITH VIA THE TIME THAT A UNIVERSITY MODEL SCHEDULE RETURNS TO THE FAMILY. - TO SUPPORT THE DEVELOPMENT OF A BIBLICAL WORLDVIEW SO THAT EACH CHILD IS CONFIDENT IN WHAT THEY BELIEVE AND IS ABLE TO DEFEND THEIR FAITH IN LOVE, BOLDLY AND UNASHAMEDLY.- TO HELP STUDENTS ENTER THE COLLEGE OF THEIR CHOICE WITH THE KNOWLEDGE, SKILL SETS, AND PREPAREDNESS TO EXCEL IN TODAY'S COLLEGE ENVIRONMENT.

Program Service Accomplishments

Program 1
Expenses: $7,105,315 Revenue: $8,802,400

LEGACY IS A PK-12 PRIVATE UNIVERSITY MODEL CHRISTIAN SCHOOL WITH AN ENROLLMENT OF APPROXIMATELY 780 STUDENTS. LEGACY'S STUDENTS BENEFIT FROM SMALL CLASSROOM SIZES TAUGHT BY CERTIFIED TEACHERS. THEY...

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LEGACY IS A PK-12 PRIVATE UNIVERSITY MODEL CHRISTIAN SCHOOL WITH AN ENROLLMENT OF APPROXIMATELY 780 STUDENTS. LEGACY'S STUDENTS BENEFIT FROM SMALL CLASSROOM SIZES TAUGHT BY CERTIFIED TEACHERS. THEY CONSISTENTLY OUTPERFORM THE NATIONAL AVERAGE IN EVERY CATEGORY OF THE IOWA STANDARDIZED TEST AS WELL AS THE PSAT EXAM. STARTING IN MIDDLE SCHOOL, STUDENTS TAKE DISCIPLESHIP CLASSES, WITH A CURRICULUM FOCUSED ON STRENGTHENING THE FOUNDATIONS OF THEIR FAITH AND BEING ABLE TO SHARE AND DEFEND IT. GRADUATES HAVE BEEN ACCEPTED, HAVE RECEIVED SCHOLARSHIPS, AND ARE ATTENDING MAJOR UNIVERSITIES.

Program 2
Expenses: $485,189 Revenue: $298,144

LEGACY OFFERS ATHLETIC PROGRAMS FOR STUDENTS IN 5TH-12TH GRADE AND COMPETES IN UP TO 10 SPORTS IN THE TAPPS LEAGUE. LEGACY'S ATHLETIC TEAMS REGULARLY ADVANCE TO PLAYOFF GAMES. LEGACY'S SMALL SIZE...

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LEGACY OFFERS ATHLETIC PROGRAMS FOR STUDENTS IN 5TH-12TH GRADE AND COMPETES IN UP TO 10 SPORTS IN THE TAPPS LEAGUE. LEGACY'S ATHLETIC TEAMS REGULARLY ADVANCE TO PLAYOFF GAMES. LEGACY'S SMALL SIZE ALLOWS MOST STUDENTS TO PARTICIPATE IN MULTIPLE SPORTS WITH 75% OF MIDDLE AND HIGH SCHOOL STUDENTS PARTICIPATING IN AT LEAST ONE SPORT. THE ATHLETIC PROGRAM CONTINUES TO GROW IN PARTICIPATION AND SPORT OFFERINGS.

Program 3
Expenses: $328,076 Revenue: $467,682

LEGACY OFFERS SEVERAL STUDENT ACTIVITIES PROGRAMS. THE THEATER ARTS PROGRAM IS OPEN TO 3RD-12TH GRADE STUDENTS AND CONDUCTS TWO PERFORMANCES PER YEAR. LEGACY'S STUDENTS ALSO PARTICIPATE IN ORCHESTRA...

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LEGACY OFFERS SEVERAL STUDENT ACTIVITIES PROGRAMS. THE THEATER ARTS PROGRAM IS OPEN TO 3RD-12TH GRADE STUDENTS AND CONDUCTS TWO PERFORMANCES PER YEAR. LEGACY'S STUDENTS ALSO PARTICIPATE IN ORCHESTRA, DRILL TEAM, DRUMLINE, CHEER, NATIONAL HONOR SOCIETY, SCRIPPS SPELLING BEE, NOETIC MATH COMPETITION, AMERICAN MATH COMPETITIONS, AND FIRST ROBOTICS COMPETITION. LEGACY ALSO OFFERS A HOT LUNCH PROGRAM TO STUDENTS OF ALL GRADE LEVELS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,658,591
Program Service Revenue $9,543,869
Investment Income $161,371
Other Revenue $27,662
TOTAL REVENUE $25,391,493

Expense Breakdown

Grants Paid $1,071,140
Salaries & Benefits $4,764,783
Fundraising Expenses $23,852
Program Expenses $7,918,580
Other Expenses $3,314,064
TOTAL EXPENSES $9,149,987

Year-over-Year Comparison

2024 2023 Change
Revenue $25,391,493 $9,092,710 +1.8%
Expenses $9,149,987 $7,966,370 +0.1%
Net Income $16,241,506 $1,126,340 +13.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
199
Volunteers
504

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$154,344
Total Directors
7
$14,128
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CASEY CLARK BOARD MEMBER 8.00
Director
$8,840 $5,288 $14,128
TERRY HARGUS CHAIRMAN 2.00
Officer Director
$0 $0 $0
JEREMY LOCHTE SECRETARY 2.00
Officer Director
$0 $0 $0
CHAD JOLLEY TREASURER 2.00
Officer Director
$0 $0 $0
DAN CONDLEY BOARD MEMBER 2.00
Director
$0 $0 $0
BRENNAN ZAUNBRECHER BOARD MEMBER 2.00
Director
$0 $0 $0
RICHARD GRIMES BOARD MEMBER 2.00
Director
$0 $0 $0
AUDRA MAY HEAD ADMINISTRATOR 40.00
Officer
$154,344 $0 $154,344
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $25,391,493 $9,149,987 $34,700,539 $16,241,506
2024 $9,092,710 $7,966,370 $18,895,795 $1,126,340
2023 $7,614,733 $6,700,592 $19,255,706 $914,141
2022 $6,568,800 $5,407,197 $16,318,013 $1,161,603
2021 $6,690,620 $4,579,459 $11,350,164 $2,111,161
2020 $4,704,716 $4,378,258 $9,357,970 $326,458
2019 $4,440,005 $4,356,919 $9,236,533 $83,086
2018 $4,216,908 $4,044,139 $9,285,953 $172,769
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