2019-05-02T16:22:44-05:00 2018-06-30 860271207 SCHMIDT WESTERGARD & COMPANY PLLC 77 WEST UNIVERSITY DRIVE MESA AZ 852015830 990 2017-07-01 811370901 LEGACY TRADITIONAL SCHOOLS - NEVADA INC LEGA 4802705438 3125 S GILBERT ROAD CHANDLER AZ 85286 AMANDA PRATT PRESIDENT 4802705438 2019-04-08 1 KELLY M WHITE P00622256 4808346030 216.27.213.139 2019-04-08 14:42:18 US P AABCA7D4A69FE23C4645447E4DBAE51B3FD989F2 AABCA7D4A69FE23C4645447E4DBAE51B3FD989F2 2017 2019-02-21 02:37:17Z X AMANDA PRATT 3125 S GILBERT ROAD CHANDLER AZ 85286 9336990 0 X NORTHVALLEY.LEGACYTRADITIONAL.ORG X 2016 NV TO PROVIDE ALL STUDENTS WITH OPPORTUNITIES, LEADERSHIP, GUIDANCE, AND SUPPORT TO ACHIEVE ACADEMIC EXCELLENCE IN A SAFE, NEOTRADITIONAL LEARNING ENVIRONMENT, TAUGHT BY CARING, KNOWLEDGEABLE AND HIGHLY EFFECTIVE EDUCATORS IN COOPERATION WITH SUPPORTIVE, INVOLVED FAMILIES. 5 5 115 1225 0 0 0 8723519 0 518703 0 45079 489 49689 489 9336990 0 0 0 0 124942 5236834 0 0 0 437566 6424862 562508 11661696 -562019 -2324706 25290011 74437345 25852030 77710067 -562019 -3272722 TO PROVIDE ALL STUDENTS WITH OPPORTUNITIES, LEADERSHIP, GUIDANCE, AND SUPPORT TO ACHIEVE ACADEMIC EXCELLENCE IN A SAFE, NEOTRADITIONAL LEARNING ENVIRONMENT, TAUGHT BY CARING, KNOWLEDGEABLE AND HIGHLY EFFECTIVE EDUCATORS IN COOPERATION WITH SUPPORTIVE, INVOLVED FAMILIES. 0 0 10499291 568392 DURING THE CURRENT YEAR, THE ORGANIZATION PROVIDED HIGH QUALITY EDUCATIONAL SERVICES TO 1,225 STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE AT ITS CAMPUSES THROUGHOUT NEVADA. THOSE STUDENTS WERE PROVIDED A WELL-ROUNDED EDUCATION THAT INCLUDES READING, WRITING, MATHEMATICS, SCIENCE, SOCIAL STUDIES, HISTORY, MUSIC, ART, AND PHYSICAL EDUCATION, AS WELL AS EXTRACURRICULAR ACTIVITIES INCLUDING ATHLETICS, CLUBS, FIELD TRIPS, AND DAILY TUTORING. 10499291 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 115 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 X COREY KENNEDY 4802705438 3125 S GILBERT ROAD CHANDLER AZ 85286 X AMANDA PRATT PRESIDENT/DIRECTOR 5.00 X X 0 0 0 TIFFANY THOMAS SECRETARY/DIRECTOR 5.00 X X 0 0 0 STEPHEN STEELE TREASURER/DIRECTOR 5.00 X X 0 0 0 JENNIFER CARNEY DIRECTOR 5.00 X 0 0 0 MELISSA WOODBURY DIRECTOR 5.00 X 0 0 0 0 0 0 0 0 0 0 PROVESTUS DEVELOPMENT SOLUTIONS LLC 2543 E SCORPIO PL CHANDLER AZ 85249 CONSTRUCTION DEVELOPMENT 966083 VERTEX EDUCATION LLC 3125 S GILBERT RD CHANDLER AZ 85286 MANAGEMENT SERVICES/BOND FEES 663095 REVIVE IT 730 E SOUTHERN AVENUE MESA AZ 85204 COMPUTER LAB INSTALL 159922 3 8723519 8723519 FOOD SERVICES REVENUE 611710 301719 301719 SCHOOL PROGRAMS 611710 216984 216984 518703 45079 45079 MISC. REVENUE-RELATED- 611710 49689 49689 49689 9336990 568392 0 45079 4359897 4359897 686996 686996 189941 189941 1626125 1626125 6047 6047 2829 2829 157732 157732 242010 242010 832636 250450 582186 58132 58132 144856 144101 755 8401 8401 1289950 1289950 837186 837186 41470 41470 BOND ISSUANCE COSTS 834587 834587 BOND FEES 256499 256499 DUES & FEES 48204 48204 UNIFORMS 16305 16305 21893 13848 8045 11661696 10499291 1162405 0 202217 1104035 11176168 32513376 0 517232 5400 86752 40530915 837185 13906026 39693730 200 522220 25290011 74437345 2728712 4140523 0 17670 22527665 71493672 595653 2058202 25852030 77710067 X -562019 -3272722 -562019 -3272722 25290011 74437345 -2324706 -385997 0 X X 0 1 X 1 0 X 5834276 5834276 29770120 310161 29459959 1647231 124764 1522467 167342 50087 117255 3111946 352173 2759773 39693730 DUE TO LTS - SURPRISE 770129 DUE TO LTS - AVONDALE 401050 DUE TO LTS - EAST MESA 113110 DUTE TO LTS - PHOENIX 134414 DUE TO VERTEX 539186 PENSION LIABILITY 100313 2058202 X 9336990 0 9336990 0 9336990 11661696 0 11661696 0 11661696 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "IRC") AND SIMILAR NEVADA PROVISIONS. IN ADDITION, THE SCHOOL HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE IRC. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SCHOOL'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE IS NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THERE IS NO SIGNIFICANT UNRELATED BUSINESS INCOME. 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION'S STAFF INFORMS INTERESTED PARENTS AND STUDENTS OF THE RACIALLY NONDISCRIMINATORY POLICY IN THE ENROLLMENT PROCESS. SCHEDULE E, PART I, LINE 4 THE SCHOOL DOES NOT OFFER SCHOLARSHIPS OR FINANCIAL ASSISTANCE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES REVENUE FROM THE FEDERAL AND STATE GOVERNMENTS FOR EDUCATIONAL PROGRAMS AND FROM THE STATE OF NEVADA FOR STATE EQUALIZATION ASSISTANCE. A THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX ARIZONA 522038405 71885FFG7 2016-11-16 22664666 FINANCING CHARTER SCHOOL 0 0 0 B THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX ARIZONA 522038405 71885FFK8 2017-09-14 22388850 FINANCING CHARTER SCHOOL 0 0 0 C ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052BFZ2 2018-04-26 26175600 FINANCING CHARTER SCHOOL 0 0 0 A 22664666 1481874 388543 444249 20350000 2016 0 0 1 1 B 22388850 117152 1625767 513083 14677303 5455545 2017 0 0 0 1 C 26175600 136966 1638730 599904 2738015 21061985 0 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART I, COLUMN A, ITEM (A): (A) ISSUER NAME: THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX, ARIZONA SCHEDULE K, PART I, COLUMN A, ITEM (E): (E) ISSUE PRICE: UNDER A BOND INDENTURE AND RELATED AGREEMENTS DATED NOVEMBER 16, 2016, THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX, ARIZONA, A GOVERNMENTAL ISSUER, ISSUED EDUCATION FACILITY REVENUE BONDS (LEGACY TRADITIONAL SCHOOLS PROJECT) SERIES 2016A AND LOANED THE PROCEEDS THEREOF TO LEGACY TRADITIONAL SCHOOL - CHANDLER, AS REPRESENTATIVE OF AN OBLIGATED GROUP (DEFINED BELOW), FOR THE PURPOSE OF FINANCING THE COSTS OF ACQUIRING, RENOVATING AND EQUIPPING THE CAMPUS FACILITIES OF NINE MEMBERS OF THE OBLIGATED GROUP, INCLUDING THIS ORGANIZATION. THE MEMBERS OF THE OBLIGATED GROUP ARE JOINTLY AND SEVERALLY LIABLE FOR THE ENTIRE BOND ISSUE. HOWEVER, THE AMOUNT OF THE ISSUE PRICE IN ITEM (E) (AND THE AMOUNTS SHOWN IN PART II) IS THE PORTION ALLOCATED TO FINANCING THE CAMPUS FACILITIES OF THIS ORGANIZATION, AND THE AMOUNT DIFFERS FROM THE TOTAL BOND ISSUE PRICE REPORTED ON FORM 8038-G WHICH WAS THE TOTAL OF THE BOND ISSUE PRICE. EACH OF THE NINE MEMBERS OF THE OBLIGATED GROUP WHOSE CAMPUS FACILITIES WERE FINANCED WITH THE BOND ISSUE IS REPORTING ITS RESPECTIVE ALLOCATED PORTIONS OF THE TOTAL. OBLIGATED GROUP DEFINITION: AS OF JUNE 30, 2018, THE "OBLIGATED GROUP" INCLUDED THE FOLLOWING ORGANIZATIONS: (1) LEGACY TRADITIONAL SCHOOL - AVONDALE, (2) LEGACY TRADITIONAL SCHOOL - CASA GRANDE, (3) LEGACY TRADITIONAL SCHOOL - CHANDLER, (4) LEGACY TRADITIONAL SCHOOL - GILBERT, (5) LEGACY TRADITIONAL SCHOOL - GLENDALE, (6) LEGACY TRADITIONAL SCHOOL - LAVEEN, (7) LEGACY TRADITIONAL SCHOOL - MARICOPA, (8) LEGACY TRADITIONAL SCHOOLS - NEVADA, INC., (9) LEGACY TRADITIONAL SCHOOL - NORTH CHANDLER, (10) LEGACY TRADITIONAL SCHOOL - NORTHWEST TUCSON,, (11) LEGACY TRADITIONAL SCHOOL - PEORIA, (12) LEGACY TRADITIONAL SCHOOL - QUEEN CREEK, AND (13) LEGACY TRADITIONAL SCHOOL - SURPRISE. SCHEDULE K, PART I, COLUMN B, ITEM (A): (A) ISSUER NAME: THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX, ARIZONA SCHEDULE K, PART I, COLUMN B, ITEM (E): (E) ISSUE PRICE: UNDER A BOND INDENTURE AND RELATED AGREEMENTS DATED SEPTEMBER 14, 2017, THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX, ARIZONA, A GOVERNMENTAL ISSUER, ISSUED EDUCATION FACILITY REVENUE BONDS (LEGACY TRADITIONAL SCHOOLS EAST MESA AND CADENCE (NEVADA) CAMPUSES) SERIES 2017A AND LOANED THE PROCEEDS THEREOF TO LEGACY TRADITIONAL SCHOOL - EAST MESA, AS REPRESENTATIVE OF AN OBLIGATED GROUP (DEFINED BELOW), FOR THE PURPOSE OF FINANCING THE COSTS OF ACQUIRING, CONSTRUCTING AND EQUIPPING THE CAMPUS FACILITIES OF TWO MEMBERS OF THE OBLIGATED GROUP, INCLUDING THIS ORGANIZATION. THE MEMBERS OF THE OBLIGATED GROUP ARE JOINTLY AND SEVERALLY LIABILE FOR THE ENTIRE BOND ISSUE. HOWEVER, THE AMOUNT OF THE ISSUE PRICE IN ITEM (E) (AND THE AMOUNTS SHOWN IN PART II) IS THE PORTION ALLOCATED TO FINANCING THE CAMPUS FACILITIES OF THIS ORGANIZATION, AND THE AMOUNT DIFFERS FROM THE TOTAL BOND ISSUE PRICE REPORTED ON FORM 8038-G WHICH WAS THE TOTAL OF THE BOND ISSUE PRICE. BOTH OF THE MEMBERS OF THE OBLIGATED GROUP WHOSE CAMPUS FACILITIES WERE FINANCED WITH THE BOND ISSUE ARE REPORTING ITS RESPECTIVE ALLOCATED PORTIONS OF THE TOTAL. OBLIGATED GROUP DEFINITION: AS OF JUNE 30, 2018, THE "OBLIGATED GROUP" INCLUDED THE FOLLOWING ORGANIZATIONS: (1) LEGACY TRADITIONAL SCHOOL - EAST MESA, (2) LEGACY TRADITIONAL SCHOOLS - NEVADA, INC., AND (3) LEGACY TRADITIONAL SCHOOL - PHOENIX. SCHEDULE K, PART I, COLUMN C, ITEM (A): (A) ISSUER NAME: ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY SCHEDULE K, PART I, COLUMN C, ITEM (E): (E) ISSUE PRICE: UNDER A BOND INDENTURE AND RELATED AGREEMENTS DATED APRIL 26, 2018, ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY, A GOVERNMENTAL ISSUER, ISSUED EDUCATION REVENUE BONDS (LEGACY TRADITIONAL SCHOOL SOUTHWEST LAS VEGAS (NEVADA) CAMPUS) SERIES 2018 AND LOANED THE PROCEEDS THEREOF TO LEGACY TRADITIONAL SCHOOL - EAST MESA, AS REPRESENTATIVE OF AN OBLIGATED GROUP (DEFINED BELOW), FOR THE PURPOSE OF FINANCING THE COSTS OF ACQUIRING, CONSTRUCTING AND EQUIPPING THE CAMPUS FACILITIES OF THIS ORGANIZATION, ONE OF THE MEMBERS OF THE OBLIGATED GROUP. THE MEMBERS OF THE OBLIGATED GROUP ARE JOINTLY AND SEVERALLY LIABILE FOR THE ENTIRE BOND ISSUE. HOWEVER, THE AMOUNT OF THE ISSUE PRICE IN ITEM (E) (AND THE AMOUNTS SHOWN IN PART II) COMPRISES THE ENTIRE ISSUE, ALL OF WHICH IS ALLOCATED TO FINANCING THE CAMPUS FACILITIES OF THIS ORGANIZATION. OBLIGATED GROUP DEFINITION: AS OF JUNE 30, 2018, THE "OBLIGATED GROUP" INCLUDED THE FOLLOWING ORGANIZATIONS: (1) LEGACY TRADITIONAL SCHOOL - EAST MESA, (2) LEGACY TRADITIONAL SCHOOLS - NEVADA, INC., AND (3) LEGACY TRADITIONAL SCHOOL - PHOENIX. FORM 990, PART VI, SECTION A, LINE 3 THE SCHOOL HAS A MANAGEMENT SERVICES AGREEMENT WITH VERTEX EDUCATION, LLC. IN ACCORDANCE WITH THE MANAGEMENT SERVICE AGREEMENT, VERTEX EDUCATION, LLC PROVIDES ASSISTANCE WITH THE OPERATIONS AND MANAGEMENT OF THE SCHOOL IN THE AREAS OF SCHOOL DEVELOPMENT, FINANCIAL SERVICES, HUMAN RESOURCES, INFORMATION SYSTEMS, FACILITIES MANAGEMENT AND FOOD SERVICES. THE SCHOOL ALSO HAD AN AGREEMENT WITH VERTEX EDUCATION, LLC FOR PROGRAM DEVELOPMENT, BRANDING, MARKETING, ENROLLMENT TRACKING, PERSONNEL TRAINING AND SUPERVISION, INVOICING, AND COLLECTION SERVICES RELATED TO THE LKC BEFORE AND AFTER SCHOOL PROGRAMS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS EMAILED TO EACH OF THE ORGANIZATION'S GOVERNING BOARD MEMBERS FOR REVIEW PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR, TRUSTEE, OR KEY EMPLOYEE MUST ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY AND HAS AGREED TO COMPLY WITH THE POLICY. IF ANY PERSON WHO IS A DIRECTOR OR OFFICER IS AWARE THAT THE ORGANIZATION IS ABOUT TO ENTER INTO ANY BUSINESS TRANSACTION DIRECTLY OR INDIRECTLY WITH SUCH PERSON, ANY MEMBER OF THAT PERSON'S FAMILY, OR ANY ENTITY IN WHICH THAT PERSON HAS ANY LEGAL, EQUITABLE OR FIDUCIARY INTEREST OR POSITION, SUCH PERSON SHALL (A) IMMEDIATELY INFORM THOSE CHARGED WITH APPROVING THE TRANSACTION ON BEHALF OF THE ORGANIZATION OF SUCH PERSON'S INTEREST OR POSITION, (B) AID THE PERSONS CHARGED WITH MAKING THE DECISION BY DISCLOSING ANY MATERIAL FACTS WITHIN SUCH PERSON'S KNOWLEDGE THAT BEAR ON THE ADVISABILITY OF SUCH TRANSACTION FROM THE STANDPOINT OF THE ORGANIZATION, AND (C) NOT BE ENTITLED TO VOTE ON THE DECISION TO ENTER INTO SUCH TRANSACTION. A COPY OF THE CONFLICT OF INTEREST POLICY WILL BE MAINTAINED IN THE CORPORATE RECORDS, AND THE BOARD WILL REVIEW THAT POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 CERTAIN OF THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC THROUGH WEBSITES OF STATE GOVERNMENT AGENCIES, THE ORGANIZATION CONSIDERS SPECIFIC REQUESTS FOR ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ON A CASE-BY-CASE BASIS. FORM 990, PART XII, LINE 2C: NO CHANGES HAVE BEEN MADE TO THE OVERSIGHT PROCESS OR THE SELECTION PROCESS FROM THE PRIOR YEAR.