2015-04-01T17:57:36-05:00 2014-06-30 860271207 SCHMIDT WESTERGARD & COMPANY PLLC 77 WEST UNIVERSITY DRIVE MESA AZ 852015830 990 2013-07-01 320339504 LEGACY TRADITIONAL SCHOOL - AVONDALE LEGA 4802705438 3201 S GILBERT ROAD BLDG A CHANDLER AZ 852865193 WILLIAM GREGORY SECRETARY 4802705438 2015-03-31 1 JEFFREY A BITHER P01428424 4808346030 2013 2016-03-07 17:11:31Z WILLIAM GREGORY 3201 S GILBERT ROAD BLDG A CHANDLER AZ 852865193 5362772 0 X AVONDALE.LEGACYTRADITIONAL.ORG X 2011 AZ TO PROVIDE MOTIVATED STUDENTS WITH THE OPPORTUNITY TO ACHIEVE ACADEMIC EXCELLENCE IN AN ACCELERATED, BACK-TO-BASICS, SAFE LEARNING ENVIRONMENT TAUGHT BY CARING, KNOWLEDGEABLE, AND HIGHLY EFFECTIVE EDUCATORS IN COOPERATION WITH SUPPORTIVE, INVOLVED PARENTS. 5 4 101 850 0 0 4443550 5177266 183719 151538 5180 205 29965 33763 4662414 5362772 0 0 0 0 2274864 2686549 0 0 0 2485314 2820522 4760178 5507071 -97764 -144299 12489644 18136566 12901726 18692947 -412082 -556381 TO PROVIDE MOTIVATED STUDENTS WITH THE OPPORTUNITY TO ACHIEVE ACADEMIC EXCELLENCE IN AN ACCELERATED, BACK-TO-BASICS, SAFE LEARNING ENVIRONMENT TAUGHT BY CARING, KNOWLEDGEABLE, AND HIGHLY EFFECTIVE EDUCATORS IN COOPERATION WITH SUPPORTIVE, INVOLVED PARENTS. 0 0 4548160 185301 DURING THE CURRENT YEAR, THE ORGANIZATION PROVIDED HIGH QUALITY EDUCATIONAL SERVICES TO APPROXIMATELY 850 STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE AT ITS CAMPUS IN AVONDALE, ARIZONA. THOSE STUDENTS EXPERIENCED A WELL-ROUNDED EDUCATION THAT INCLUDED 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. 4548160 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 1 15 0 1 101 1 0 0 0 0 0 0 0 0 0 0 X 5 4 1 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 X COREY KENNEDY 4802705438 3201 S GILBERT ROAD BLDG A CHANDLER AZ 852865193 X JENNI FERRIN DIRECTOR 1.00 5.00 X 0 0 0 DEREK SAMUEL DIRECTOR 1.00 5.00 X 0 0 0 CORY THEOBALD DIRECTOR 1.00 5.00 X 0 0 0 NATHAN SCHLINK PRESIDENT 1.00 5.00 X X 0 0 0 WILLIAM GREGORY VICE PRESIDENT/SECRETARY 8.00 40.00 X X 0 0 0 AARON HALE TREASURER 8.00 40.00 X 0 0 0 DANIEL BANG CEO 8.00 40.00 X 0 0 0 0 0 0 0 0 0 0 THE CHARTER SCHOOL FUND AVONDALE LLC 420 E STATE ST STE 130 EAGLE ID 83616 LEASE 880400 CFE MANAGEMENT GROUP LLC 3201 S GILBERT RD BLDG A CHANDLER AZ 85286 MANAGEMENT SERVICES 618500 CFE MANAGEMENT GROUP LLC 3201 S GILBERT RD BLDG A CHANDLER AZ 85286 BENEFITS 139344 3 5160322 16944 5177266 LUNCH FEES 611710 148938 148938 TUITION AND FEES 611710 2600 2600 151538 205 205 MISCELLANEOUS INCOME 611710 33763 33763 33763 5362772 185301 0 205 X 2267569 2203752 63817 28000 26600 1400 364723 360834 3889 26257 24944 1313 778900 155780 623120 5649 5649 35000 35000 156294 156214 80 22738 22738 261352 235071 26281 14256 13287 969 132728 106182 26546 4517 4517 2201 2201 961719 865547 96172 305521 274969 30552 17447 13958 3489 TELEPHONE 28943 23154 5789 FIELD TRIPS 12102 12102 DUES AND FEES 10254 8203 2051 UNIFORMS 2690 2690 68211 58155 10056 5507071 4548160 958911 0 468996 481324 5245622 102958 66524 9933 0 12684968 760789 11809741 11924179 98016 418917 12489644 18136566 445749 596830 3454 91175 198815 12119941 17782293 244861 111555 12901726 18692947 X -412082 -556381 -412082 -556381 12489644 18136566 -144299 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2386242 2386242 9359508 465308 8894200 36414 26549 9865 902804 268932 633872 11924179 DUE TO LTCS - QUEEN CREEK 2107 DUE TO ATHLOS 564 DUE TO NW TUCSON 108884 111555 X 5362772 0 5362772 0 5362772 5507071 0 5507071 0 5507071 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 ARIZONA 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. THE SCHOOL FOLLOWS THE GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") RELATED TO ACCOUNTING FOR INCOME TAX UNCERTAINTIES. UNDER THIS GUIDANCE, THE SCHOOL ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON WHETHER IT IS "MORE-LIKELY-THAN-NOT" THAT THE POSITION WILL BE SUSTAINED BY THE TAXING AUTHORITY UPON EXAMINATION. THE SCHOOL ROUTINELY EVALUATES POTENTIAL UNCERTAIN TAX POSITIONS. THE SCHOOL HAS IDENTIFIED ITS STATUS AS AN EXEMPT ORGANIZATION AS A TAX POSITION; HOWEVER, THE SCHOOL HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY THAT REQUIRES RECOGNITION. THE SCHOOL FILES INFORMATIONAL AND INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN CERTAIN STATE AND LOCAL JURISDICTIONS. AS OF JUNE 30, 2014, U.S. FEDERAL INFORMATIONAL TAX RETURN AND THE ARIZONA INFORMATIONAL RETURN FOR THE YEARS ENDED JUNE 30, 2013 AND 2012 HAVE BEEN FILED AND ARE OPEN TO ASSESSMENT. THERE WERE NO AMOUNTS OF ACCRUED INTEREST OR PENALTIES AS OF JUNE 30, 2014 OR 2013. 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 ARIZONA FOR STATE EQUALIZATION ASSISTANCE. A THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX ARIZONA 522038405 71885FDF1 2014-05-01 17780653 FINANCING CHARTER SCHOOL 0 0 1 A 17780653 1420527 419338 12712155 3228633 0 0 0 1 A 0 0 1 1 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART I, COLUMN E: UNDER AN INDENTURE OF TRUST AND RELATED AGREEMENTS DATED MAY 1, 2014, THE INDUSTRIAL DEVELOPMENT AUTHORITY OF CITY OF PHOENIX, ACTING AS A CONDUIT THIRD PARTY, ISSUED TAX-EXEMPT EDUCATION REVENUE BONDS (SERIES 2014A BONDS). THE PROCEEDS OF THESE BONDS WERE LOANED TO THE SCHOOLS: LEGACY TRADITIONAL SCHOOL - LAVEEN, LEGACY TRADITIONAL SCHOOL - AVONDALE, ATHLOS TRADITIONAL ACADEMY, AND LEGACY TRADITIONAL SCHOOL - NORTHWEST TUCSON (TOGETHER THE "OBLIGATED GROUP") FOR THE PURPOSE OF FINANCING THE COSTS OF ACQUIRING, RENOVATING, AND EQUIPPING THE CAMPUS FACILITIES OF EACH SCHOOL IN THE OBLIGATED GROUP. AS SUCH, THE AMOUNT OF THE ISSUE PRICE IN COLUMN E IS THE PORTION ALLOCATED TO THIS PARTICULAR SCHOOL AND THE AMOUNT DIFFERS FROM THE TOTAL BOND ISSUE PRICE REPORTED ON FORM 8038-G WHICH WAS THE TOTAL OF THE BOND ISSUE PRICE. THE FOUR ORGANIZATIONS NAMED ABOVE ARE REPORTING EACH OF THEIR RESPECTIVE ALLOCATED PORTIONS OF THE TOTAL. SCHEDULE K, PART II, LINE 17: ALTHOUGH THE FINAL ALLOCATION OF PROCEEDS HAS NOT BEEN DETERMINED, THE ORGANIZATION IS MAINTAINING ADEQUATE BOOKS AND RECORDS THAT WILL SUPPORT THE FINAL ALLOCATION OF PROCEEDS. CFE MANAGEMENT GROUP LLC 100% CONTROLLED ENTITY OF TWO CURRENT OFFICERS MANAGEMENT FEES AND ADVANCES, INCLUDING ACCRUED INTEREST X 85000 198815 0 1 1 198815 CFE MANAGEMENT GROUP LLC 100% CONTROLLED ENTITY OF TWO CURRENT OFFICERS 778900 MANAGEMENT FEES 0 LEGACY TRADITIONAL SCHOOLS 100% CONTROLLED ENTITY OF TWO CURRENT OFFICERS 137173 SP ED SVCS 0 CHARTER FOR EXCELLENCE LLC 100% CONTROLLED ENTITY OF TWO CURRENT OFFICERS 28000 EQUIP LEASE 0 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: THE SCHOOL RECEIVES ADVANCES FROM CFE MANAGEMENT GROUP, LLC. THESE BALANCES INCLUDE INTEREST AT 8% FOR ADVANCES AND 12% FOR UNPAID MANAGEMENT FEES. THESE BALANCES ARE DUE ON DEMAND AND ARE UNCOLLATERALIZED. SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: THE SCHOOL HAS A MANAGEMENT SERVICES AGREEMENT WITH CFE MANAGEMENT GROUP, LLC. THE MEMBERS OF CFE MANAGEMENT GROUP ARE AARON HALE, WILLIAM GREGORY AND THEIR SPOUSES. WILLIAM GREGORY SERVES AS A MEMBER OF THE BOARD OF DIRECTORS AND AS AN OFFICER OF THE SCHOOL, AND AARON HALE SERVES AS AN OFFICER OF THE SCHOOL.IN ACCORDANCE WITH THE MANAGEMENT SERVICE AGREEMENT, CFE MANAGEMENT GROUP 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 HAS AN AGREEMENT FOR SPECIAL EDUCATION SERVICES WITH LEGACY TRADITIONAL SCHOOLS. WILLIAM GREGORY SERVES AS A MEMBER OF THE BOARD OF DIRECTORS AND AS AN OFFICER OF LEGACY TRADITIONAL SCHOOLS, AND AARON HALE SERVES AS AN OFFICER OF LEGACY TRADITIONAL SCHOOLS. FORM 990, PART VI, SECTION A, LINE 2 NATHAN SCHLINK, THE ORGANIZATION'S PRESIDENT, AND CORY THEOBALD, DIRECTOR, HAVE A FAMILY RELATIONSHIP WITH THE ORGANIZATION'S TREASURER, AARON HALE. WILLIAM GREGORY, THE ORGANIZATION'S SECRETARY AND VICE PRESIDENT, AARON HALE, TREASURER, AND DANIEL BANG, CEO, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE SCHOOL HAS A MANAGEMENT SERVICES AGREEMENT WITH CFE MANAGEMENT GROUP, LLC. IN ACCORDANCE WITH THE MANAGEMENT SERVICE AGREEMENT, CFE MANAGEMENT GROUP 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. 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 11 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 VI, SECTION C, LINE 17: EDUCATIONAL ORGANIZATIONS EXEMPT UNDER ARS SECTION 43-1201(4) ARE NOT REQUIRED TO FILE A COPY OF THEIR FEDERAL FORM 990 WITH THE STATE OF ARIZONA. FORM 990, PART IX, COLUMN D: THE ORGANIZATION HAS REVENUE CLASSIFIED AS CONTRIBUTIONS BUT NO FUNDRAISING EXPENSES AS SUBSTANTIALLY ALL GOVERNMENT GRANTS ARE PAYMENTS THROUGH CHARTER SCHOOL CONTRACTS FROM THE ARIZONA DEPARTMENT OF EDUCATION. FORM 990, PART XII, LINE 2C: NO CHANGES HAVE BEEN MADE TO THE OVERSIGHT PROCESS OR THE SELECTION PROCESS FROM THE PRIOR YEAR. LEGACY TRADITIONAL CHARTER SCHOOL 3201 S GILBERT RD BLDG A CHANDLER AZ 852865193 270637575 SCHOOL AZ 501(C)(3) LINE 2 N/A 0 LEGACY TRADITIONAL SCHOOL - NORTHWEST TUCSON 3201 S GILBERT RD BLDG A CHANDLER AZ 852865193 352408563 SCHOOL AZ 501(C)(3) LINE 2 N/A 0 ATHLOS TRADITIONAL ACADEMY 3201 S GILBERT RD BLDG A CHANDLER AZ 852865193 300681275 SCHOOL AZ 501(C)(3) LINE 2 N/A 0 LEGACY TRADITIONAL SCHOOL - GILBERT 3201 S GILBERT RD BLDG A CHANDLER AZ 852865193 461849277 SCHOOL AZ 501(C)(3) LINE 2 N/A 0 LEGACY TRADITIONAL SCHOOL - LAVEEN 3201 S GILBERT RD BLDG A CHANDLER AZ 852865193 611678903 SCHOOL AZ 501(C)(3) LINE 2 N/A 0 LEGACY TRADITIONAL SCHOOLS 3201 S GILBERT RD BLDG A CHANDLER AZ 852865193 460641842 SCHOOL SUPPORT AZ 509(A)(3) LINE 11B, II N/A 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 LEGACY TRADITIONAL SCHOOLS M 137173 CONTRACT PAID LEGACY TRADITIONAL SCHOOL - NW TUCSON E 108884 LOAN BALANCE