Civic Intelligence

Life Adjustment Center Inc.

990 • Fiscal year 2015 • EIN 13-3620577

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 11, 2016

1430 Broadway No 501New York, NY 10018

(212) 938-1223

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.24x

Higher debt load relative to assets than 47% of similar nonprofits.

2015 filings • NTEE B • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

40th percentile

0.12x

Higher debt load relative to revenue than 40% of similar nonprofits.

2015 filings • NTEE B • $5M-$10M nonprofits • Source year 2015

Net Margin

20th percentile

-4.0%

Higher net margin than 20% of similar nonprofits.

2015 filings • NTEE B • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

90th percentile

$250,432

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2015 filings • NTEE B • $5M-$10M nonprofits • Source year 2015

Asset Growth

12th percentile

-8.6%

Faster asset growth than 12% of similar nonprofits.

2015 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

45th percentile

3.6%

Faster revenue growth than 45% of similar nonprofits.

2015 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$4,546,910

Down $425,312 (-8.6%) from 2014

Net Assets

Down

$3,453,069

Down $360,133 (-9.4%) from 2014

Liabilities

Down

$1,093,841

Down $65,179 (-5.6%) from 2014

Revenue

Up

$9,045,285

Up $310,731 (+3.6%) from 2014

Expenses

Up

$9,405,418

Up $810,122 (+9.4%) from 2014

Net Income

Down

-$360,133

Down $499,391 (-359%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $5,440,956Liabilities 2010: $1,311,300Net Assets 2010: $4,129,6562010Assets 2011: $5,705,496Liabilities 2011: $1,312,382Net Assets 2011: $4,393,1142011Assets 2012: $6,046,011Liabilities 2012: $1,517,364Net Assets 2012: $4,528,6472012Assets 2013: $5,279,206Liabilities 2013: $1,242,539Net Assets 2013: $4,036,6672013Assets 2014: $4,972,222Liabilities 2014: $1,159,020Net Assets 2014: $3,813,2022014Assets 2015: $4,546,910Liabilities 2015: $1,093,841Net Assets 2015: $3,453,0692015Assets 2016: $4,432,049Liabilities 2016: $856,755Net Assets 2016: $3,575,2942016Assets 2017: $4,847,647Liabilities 2017: $1,118,926Net Assets 2017: $3,728,7212017Assets 2018: $4,893,682Liabilities 2018: $1,206,190Net Assets 2018: $3,687,4922018Assets 2019: $4,728,810Liabilities 2019: $1,242,816Net Assets 2019: $3,485,9942019Assets 2020: $5,546,450Liabilities 2020: $2,668,479Net Assets 2020: $2,877,9712020Assets 2021: $5,492,484Liabilities 2021: $2,703,139Net Assets 2021: $2,789,3452021Assets 2022: $6,341,368Liabilities 2022: $2,977,661Net Assets 2022: $3,363,7072022Assets 2023: $8,800,146Liabilities 2023: $4,715,440Net Assets 2023: $4,084,7062023Assets 2024: $9,365,741Liabilities 2024: $5,776,037Net Assets 2024: $3,589,7042024Assets 2025: $8,578,226Liabilities 2025: $4,642,773Net Assets 2025: $3,935,4532025

Highlighted filing

2015

Assets$4,546,910
Liabilities$1,093,841
Net Assets$3,453,069

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $7,560,9792010Revenue 2011: $8,853,171Expenses 2011: $8,589,713Net Income 2011: $263,4582011Expenses 2012: $8,411,4062012Revenue 2013: $8,742,012Expenses 2013: $9,205,315Net Income 2013: -$463,3032013Revenue 2014: $8,734,554Expenses 2014: $8,595,296Net Income 2014: $139,2582014Revenue 2015: $9,045,285Expenses 2015: $9,405,418Net Income 2015: -$360,1332015Revenue 2016: $9,608,497Expenses 2016: $9,486,272Net Income 2016: $122,2252016Revenue 2017: $9,840,769Expenses 2017: $9,687,342Net Income 2017: $153,4272017Revenue 2018: $9,733,066Expenses 2018: $9,774,295Net Income 2018: -$41,2292018Revenue 2019: $10,318,905Expenses 2019: $10,520,403Net Income 2019: -$201,4982019Revenue 2020: $10,298,132Expenses 2020: $10,906,155Net Income 2020: -$608,0232020Revenue 2021: $9,560,061Expenses 2021: $9,648,687Net Income 2021: -$88,6262021Revenue 2022: $11,776,959Expenses 2022: $11,202,597Net Income 2022: $574,3622022Revenue 2023: $12,736,697Expenses 2023: $12,015,698Net Income 2023: $720,9992023Revenue 2024: $11,767,017Expenses 2024: $12,262,019Net Income 2024: -$495,0022024Revenue 2025: $13,237,892Expenses 2025: $12,892,143Net Income 2025: $345,7492025

Highlighted filing

2015

Revenue$9,045,285
Expenses$9,405,418
Net Income-$360,133
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 11, 2016
Return Version
2014v6.0
Gross Receipts
$9,045,285
Mission and Program Overview

Mission

The mission of the life adjustment center (lac) is to optimize thequality of life for the developmentally disabled children and adultpopulation and their families by providing quality, state-of-the-arthealth care services.

Lac provides residential and support services to developmentally disabled individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,936,331$1,638,466▼ $297,865
Accounts Receivable$1,288,829$1,317,396▲ $28,567
Land, Buildings, and Equipment, Net$1,263,446$1,153,889▼ $109,557
Savings and Temporary Cash Investments$188,296$189,731▲ $1,435
Prepaid Expenses and Deferred Charges$97,779$149,887▲ $52,108
Total Assets$4,972,222$4,546,910▼ $425,312
Other Assets Total$197,541$97,541▼ $100,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$636,339$544,180▼ $92,159
Accounts Payable and Accrued Expenses$491,504$496,498▲ $4,994
Other Liabilities$31,177$53,163▲ $21,986
Total Liabilities$1,159,020$1,093,841▼ $65,179
Net Assets / Fund Balance
Unrestricted Net Assets$3,813,202$3,453,069▼ $360,133
Total Net Assets Fund Balance$3,813,202$3,453,069▼ $360,133
Total Liabilities and Net Assets / Fund Balance$4,972,222$4,546,910▼ $425,312

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$607,966$322,302$930,268
Leasehold Improvements$79,987$396,643$476,630
Land$450,000-$450,000
Equipment$15,936$184,659$200,595
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yuri C FeynbergExecutive DirectorFT$235,830$14,602$250,432
Seth BressmanDirector of FinanceFT$200,191$42,726$242,917
Angela WaldronResidential CoordinatorFT$117,012$22,252$139,264

Board Members and Trustees

NameTitle
Gary MckayBoard President
Gregory St JohnBoard Director
Patrick FinnBoard Director
Nydia MendezBoard Secretary
Eric FoodimBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,000
Program Service Revenue
$9,012,914
Investment Income
$1,435
Other Revenue
$17,936
All Other Contributions
$13,000
Change in Net Assets
$-360,133

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,045,285
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,045,285
Total Revenue per Form 990
$9,045,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,465,870
Other Expenses$2,939,548
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,541,299$233,990-$4,775,289
Occupancy$1,165,464$205,262-$1,370,726
Other Employee Benefits$481,810$134,009-$615,819
Current Officers, Directors, Trustees, and Key Employees$117,012$439,021-$556,033
Travel$456,821$4,298-$461,119
Payroll Taxes$360,630$43,921-$404,551
Pension Plan Contributions$87,584$26,594-$114,178
Depreciation Depletion$93,585$15,972-$109,557
All Other Expenses$87,632$11,788-$99,420
Insurance$60,171$18,557-$78,728
Other Expenses$49,589$7,352-$56,941
Fees for Services Accounting-$50,000-$50,000
Interest-$42,173-$42,173
Fees for Services Other-$21,431-$21,431
Fees for Services Legal$6,829$7,620-$14,449
Office Expenses-$12,336-$12,336
Total Functional Expenses$8,014,987$1,390,431$0$9,405,418

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,405,418
Total Expenses per Audited Statements$9,405,418
Total Expenses per Form 990$9,405,418
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$53,163
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Form 990 was reviewed by the finance committee of the board of directors, as well as the executive director and director of finance prior to board approval. The final draft is then presented to the board for approval prior to filing.

Form 990, Part VI, Section B, Line 12C

Annually each board of director member shall complete a disclosure form identifying any relationships, positions or circumstances in which he or she is involved that he or she believes could contribute to a conflict of interest. Such relationships, positions or circumstances might include service as a director of or consultant to another nonprofit organization, or ownership of a business that might provide goods or services to lac. Any such information regarding the business interests of a director, officer, employee or volunteer, or a family member thereof, shall be treated as confidential and shall generally be made available only to the chair, the executive director, and any committee appointed to address conflicts of interest, except to the extent additional disclosure is necessary in connection with the implementation of this policy.

Form 990, Part VI, Section B, Line 15

A) the executive director's compensation is reviewed and discussed by the board of directors, including the board treasurer, based upon independent regional compensation analyses and comparisons. B) except for the executive director and top financial officer, none of the officers of life adjustment center, inc. Are employees and none of the officers receive compensation for their services. The board members are non-compensated and are not employees of life adjustment center, inc. In addition, none of the board members have relatives that are employees. Top financial officer salary is reviewed and approved by the executive director, based upon independent regional compensation analyses and comparisons. The organization has written compenstaion contract with the executive director.

Form 990, Part VI, Section C, Line 19

The documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Life Adjustment Center Inc
EIN
13-3620577
Phone
2129381223
Address
1430 BROADWAY NO 501, NEW YORK, NY 10018

Signing Officer

Name
Dr Yuri C Feynberg
Title
Executive Director
Phone
2129381223
Signed
2016-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Yuri C Feynberg
Formed
1991
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
Employees
218
Volunteers
0

Preparer

Firm
Prager Metis Cpas LLC
Address
14 PENN PLAZA SUITE 1800, NEW YORK, NY 10122
Preparer
Thomas Torrillo
Phone
2126430099
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Lac qualifies as a not-for-profit organization as defined by internal revenue code section 501(c)(3) and, accordingly, is exempt from federal income taxes. Lac has no unrecognized tax benefits as of june 30, 2015 and 2014. Lac's federal and state information returns for the fiscal years 2012 to 2015 remain open and subject to examination by respective tax authorities. Management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. If applicable the organization recognizes interest and penalties associated with tax matters as part of the income tax provision in the statement of activities and includes accrued interest and penalties with related tax liabilities in the statement of financial position. The organization did not record any interest or penalties for the years ended june 30, 2015 and 2014.

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IRS990/MissionDesc0THE MISSION OF THE LIFE ADJUSTMENT CENTER (LAC) IS TO OPTIMIZE THEQUALITY OF LIFE FOR THE DEVELOPMENTALLY DISABLED CHILDREN AND ADULTPOPULATION AND THEIR FAMILIES BY PROVIDING QUALITY, STATE-OF-THE-ARTHEALTH CARE SERVICES, IN A CHANGING AND CHALLENGING ENVIRONMENT.
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0134009
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0481810
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0615819
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2EXPIRED PURCHASE OPTION
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt016107
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1100000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27352
IRS990/OtherExpensesGrp/ProgramServicesAmt0408848
IRS990/OtherExpensesGrp/ProgramServicesAmt197713
IRS990/OtherExpensesGrp/ProgramServicesAmt249589
IRS990/OtherExpensesGrp/TotalAmt0408848
IRS990/OtherExpensesGrp/TotalAmt1113820
IRS990/OtherExpensesGrp/TotalAmt2100000
IRS990/OtherExpensesGrp/TotalAmt356941
IRS990/OtherLiabilitiesGrp/BOYAmt031177
IRS990/OtherLiabilitiesGrp/EOYAmt053163
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt01640
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01640
IRS990/OtherRevenueTotalAmt01640
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0233990
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04541299
IRS990/OtherSalariesAndWagesGrp/TotalAmt04775289
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt043921
IRS990/PayrollTaxesGrp/ProgramServicesAmt0360630
IRS990/PayrollTaxesGrp/TotalAmt0404551
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt026594
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt087584
IRS990/PensionPlanContributionsGrp/TotalAmt0114178
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt097779
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0149887
IRS990/PrincipalOfficerNm0DR YURI C FEYNBERG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0MEDICAID
IRS990/ProgramServiceRevenueGrp/Desc1SOCIAL SECURITY INCOME
IRS990/ProgramServiceRevenueGrp/Desc2ROOM AND BOARD
IRS990/ProgramServiceRevenueGrp/Desc3CHILDCARE
IRS990/ProgramServiceRevenueGrp/Desc4FOOD STAMPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07728485
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1643288
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2309644
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3182300
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4117625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07728485
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1643288
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2309644
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3182300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4117625
IRS990/ProgSrvcAccomActy2Grp/Desc0DAY HABILITATION - PROVIDES ASSISTANCE WITH ACQUIRING, RETAINING ANDIMPROVING SELF HELP SOCIALIZATION & ADAPTIVE SKILLS IN A SETTING OTHERTHAN A PERSON'S RESIDENCE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01941232
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01869882
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY HABILITATION - PROVIDES ASSISTANCE WITH ACQUIRING, RETAININGAND IMPROVING SKILLS IN THE ACTIVITIES OF DAILY LIVING AT A RESIDENCE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0293568
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0475719
IRS990/ProgSrvcAccomActyOtherGrp/Desc0CASE MANAGEMENT - ASSISTING CLIENTS IN GAINING ACCESS TO NEEDEDSERVICES, INTAKE ASSESSMENT, REFERRAL & LINKAGE MONITORING
IRS990/ProgSrvcAccomActyOtherGrp/Desc1EARLY CHILDHOOD SERVICES -PROVIDES SERVICES FOR THE SPECIAL EDUCATIONAL AND DEVELOPMENTAL NEEDS OF YOUNG CHILDREN
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0401267
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt1540664
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0407272
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt1182300
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt016700
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01500
IRS990/PYOtherExpensesAmt02576416
IRS990/PYOtherRevenueAmt024140
IRS990/PYProgramServiceRevenueAmt08692214
IRS990/PYRevenuesLessExpensesAmt0139258
IRS990/PYSalariesCompEmpBnftPaidAmt06018880
IRS990/PYTotalExpensesAmt08595296
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08734554
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-360133
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt016296
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06260041
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0188296
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0189731
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt013000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt016700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt022457
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt029000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt034000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0115157
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt017911
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt022373
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt065615
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt042333
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03808
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0152040
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt09012914
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt08692214
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt08595570
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt08475177
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt08816991
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt043592866
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt017911
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt022373
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt065615
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt042333
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03808
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0152040
IRS990ScheduleA/InvestmentIncomeCYPct00.00350
IRS990ScheduleA/InvestmentIncomePYPct00.00310
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01460
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03267
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt047970
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0810
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0243
IRS990ScheduleA/OtherIncome509Grp/TotalAmt053750
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99530
IRS990ScheduleA/PublicSupportPY509Pct00.99570
IRS990ScheduleA/PublicSupportTotal509Amt043708023
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt09025914
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt08708914
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt08618027
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt08504177
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt08850991
IRS990ScheduleA/Total509Grp/TotalAmt043708023
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt09045285
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt08734554
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt08731612
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt08547320
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt08855042
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt043913813
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0607966
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0322302
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0930268
IRS990ScheduleD/EquipmentGrp/BookValueAmt015936
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0184659
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0200595
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09405418
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0450000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0450000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt079987
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0396643
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0476630
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053163
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09045285
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LAC QUALIFIES AS A NOT-FOR-PROFIT ORGANIZATION AS DEFINED BY INTERNAL REVENUE CODE SECTION 501(C)(3) AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL INCOME TAXES. LAC HAS NO UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2015 AND 2014. LAC'S FEDERAL AND STATE INFORMATION RETURNS FOR THE FISCAL YEARS 2012 TO 2015 REMAIN OPEN AND SUBJECT TO EXAMINATION BY RESPECTIVE TAX AUTHORITIES. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF THE INCOME TAX PROVISION IN THE STATEMENT OF ACTIVITIES AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH RELATED TAX LIABILITIES IN THE STATEMENT OF FINANCIAL POSITION. THE ORGANIZATION DID NOT RECORD ANY INTEREST OR PENALTIES FOR THE YEARS ENDED JUNE 30, 2015 AND 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01153889
IRS990ScheduleD/TotalExpensesPerForm990Amt09405418
IRS990ScheduleD/TotalLiabilityAmt053163
IRS990ScheduleD/TotalRevenuePerForm990Amt09045285
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09045285
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09405418
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.58$4.64$3.94$13.2$12.9$0.35
2024Detailed filing. Detailed filing data is available for this year.$9.37$5.78$3.59$11.8$12.3$0.50
2023Detailed filing. Detailed filing data is available for this year.$8.80$4.72$4.08$12.7$12.0$0.72
2022Detailed filing. Detailed filing data is available for this year.$6.34$2.98$3.36$11.8$11.2$0.57
2021Detailed filing. Detailed filing data is available for this year.$5.49$2.70$2.79$9.56$9.65$0.09
2020Detailed filing. Detailed filing data is available for this year.$5.55$2.67$2.88$10.3$10.9$0.61
2019Detailed filing. Detailed filing data is available for this year.$4.73$1.24$3.49$10.3$10.5$0.20
2018Detailed filing. Detailed filing data is available for this year.$4.89$1.21$3.69$9.73$9.77$0.04
2017Detailed filing. Detailed filing data is available for this year.$4.85$1.12$3.73$9.84$9.69$0.15
2016Detailed filing. Detailed filing data is available for this year.$4.43$0.86$3.58$9.61$9.49$0.12
2015Detailed filing. Detailed filing data is available for this year.$4.55$1.09$3.45$9.05$9.41$0.36
2014Detailed filing. Detailed filing data is available for this year.$4.97$1.16$3.81$8.73$8.60$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.28$1.24$4.04$8.74$9.21$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.05$1.52$4.53$8.41
2011Summary only. Only limited summary data is available for this year.$5.71$1.31$4.39$8.85$8.59$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.44$1.31$4.13$7.56