Civic Intelligence

Life Adjustment Center Inc.

990 • Fiscal year 2016 • EIN 13-3620577

Jul 01, 2015 to Jun 30, 2016 • Filed on May 12, 2017

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

42nd percentile

0.19x

Higher debt load relative to assets than 42% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

32nd percentile

0.09x

Higher debt load relative to revenue than 32% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Net Margin

42nd percentile

1.3%

Higher net margin than 42% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

89th percentile

$249,276

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Asset Growth

27th percentile

-2.5%

Faster asset growth than 27% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

56th percentile

6.2%

Faster revenue growth than 56% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$4,432,049

Down $114,861 (-2.5%) from 2015

Net Assets

Up

$3,575,294

Up $122,225 (+3.5%) from 2015

Liabilities

Down

$856,755

Down $237,086 (-22%) from 2015

Revenue

Up

$9,608,497

Up $563,212 (+6.2%) from 2015

Expenses

Up

$9,486,272

Up $80,854 (+0.9%) from 2015

Net Income

Up

$122,225

Up $482,358 (+134%) from 2015

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

2016

Assets$4,432,049
Liabilities$856,755
Net Assets$3,575,294

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

2016

Revenue$9,608,497
Expenses$9,486,272
Net Income$122,225
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 12, 2017
Return Version
2015v3.0
Gross Receipts
$9,608,497
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 the developmentally disabled population.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,317,396$1,250,156▼ $67,240
Land, Buildings, and Equipment, Net$1,153,889$1,066,575▼ $87,314
Savings and Temporary Cash Investments$189,731$1,042,120▲ $852,389
Cash and Non-Interest-Bearing Accounts$1,638,466$838,820▼ $799,646
Prepaid Expenses and Deferred Charges$149,887$154,610▲ $4,723
Total Assets$4,546,910$4,432,049▼ $114,861
Other Assets Total$97,541$79,768▼ $17,773
Liabilities
Mortgage Notes Payable Secured by Investment Property$544,180$455,657▼ $88,523
Accounts Payable and Accrued Expenses$496,498$342,672▼ $153,826
Other Liabilities$53,163$58,426▲ $5,263
Total Liabilities$1,093,841$856,755▼ $237,086
Net Assets / Fund Balance
Unrestricted Net Assets$3,453,069$3,575,294▲ $122,225
Total Net Assets Fund Balance$3,453,069$3,575,294▲ $122,225
Total Liabilities and Net Assets / Fund Balance$4,546,910$4,432,049▼ $114,861

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$578,530$351,738$930,268
Leasehold Improvements$34,819$441,812$476,631
Land$450,000-$450,000
Equipment$3,226$206,757$209,983
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yuri C FeynbergExecutive DirectorFT$237,910$11,366$249,276
Seth BressmanDirector of FinanceFT$199,257$44,881$244,138
Angela WaldronResidential CoordinatorFT$120,953$27,668$148,621

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
$10,000
Program Service Revenue
$9,571,566
Investment Income
$3,589
Other Revenue
$23,342
All Other Contributions
$10,000
Change in Net Assets
$122,225

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,608,497
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,608,497
Total Revenue per Form 990
$9,608,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,676,678
Other Expenses$2,809,594
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,655,716$185,868-$4,841,584
Occupancy$1,184,400$198,510-$1,382,910
Other Employee Benefits$602,056$138,178-$740,234
Current Officers, Directors, Trustees, and Key Employees$120,953$437,167-$558,120
Travel$462,573$2,873-$465,446
Payroll Taxes$365,243$40,853-$406,096
Pension Plan Contributions$100,715$29,929-$130,644
Depreciation Depletion$90,130$14,686-$104,816
Insurance$56,871$22,851-$79,722
All Other Expenses$59,982$6,050-$66,032
Other Expenses$48,040$9,088-$48,040
Fees for Services Accounting-$46,000-$46,000
Interest-$35,317-$35,317
Fees for Services Other-$24,908-$24,908
Fees for Services Legal$945$3,850-$4,795
Total Functional Expenses$8,256,228$1,230,044$0$9,486,272

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,486,272
Total Expenses per Audited Statements$9,486,272
Total Expenses per Form 990$9,486,272
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$58,426
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
Exec Direct
Phone
2129381223
Signed
2017-05-12
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
6
Employees
0
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 30,2016 and 2015. Lac's federal and state information returns for the fiscal years 2013 to 2016 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, 2016 and 2015.

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IRS990/MissionDesc0THE MISSION OF THE LIFE ADJUSTMENT CENTER (LAC) IS TO OPTIMIZE THEQUALITY OF LIFE FOR THE DEVELOPMENTALLY DISABLED POPULATION AND THEIR FAMILIES BY PROVIDING QUALITY SERVICES IN A CHANGING AND CHALLENGING ENVIRONMENT.
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0602056
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0740234
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012161
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt121755
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt29088
IRS990/OtherExpensesGrp/ProgramServicesAmt0345928
IRS990/OtherExpensesGrp/ProgramServicesAmt1116577
IRS990/OtherExpensesGrp/ProgramServicesAmt246099
IRS990/OtherExpensesGrp/ProgramServicesAmt348040
IRS990/OtherExpensesGrp/TotalAmt0358089
IRS990/OtherExpensesGrp/TotalAmt1138332
IRS990/OtherExpensesGrp/TotalAmt255187
IRS990/OtherExpensesGrp/TotalAmt348040
IRS990/OtherLiabilitiesGrp/BOYAmt053163
IRS990/OtherLiabilitiesGrp/EOYAmt058426
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06170
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt06170
IRS990/OtherRevenueTotalAmt06170
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0185868
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04655716
IRS990/OtherSalariesAndWagesGrp/TotalAmt04841584
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt040853
IRS990/PayrollTaxesGrp/ProgramServicesAmt0365243
IRS990/PayrollTaxesGrp/TotalAmt0406096
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt029929
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0100715
IRS990/PensionPlanContributionsGrp/TotalAmt0130644
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0149887
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0154610
IRS990/PrincipalOfficerNm0DR YURI C FEYNBERG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900009
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0MEDICAID
IRS990/ProgramServiceRevenueGrp/Desc1SOCIAL SECURITY INCOME
IRS990/ProgramServiceRevenueGrp/Desc2CHILDCARE
IRS990/ProgramServiceRevenueGrp/Desc3ROOM AND BOARD
IRS990/ProgramServiceRevenueGrp/Desc4FOOD STAMPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08158963
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1623960
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2328906
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3308479
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4115215
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08158963
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1623960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2328906
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3308479
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4115215
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/ExpenseAmt01916843
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02274807
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY HABILITATION - PROVIDES ASSISTANCE WITH ACQUIRING, RETAININGAND IMPROVING SKILLS IN THE ACTIVITIES OF DAILY LIVING AT A RESIDENCE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0318483
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0599659
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 DEVELOPMENTAL NEEDS OF YOUNG CHILDREN.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0424335
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt1697528
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0444527
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt1182300
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt013000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01435
IRS990/PYOtherExpensesAmt02939548
IRS990/PYOtherRevenueAmt017936
IRS990/PYProgramServiceRevenueAmt09012914
IRS990/PYRevenuesLessExpensesAmt0-360133
IRS990/PYSalariesCompEmpBnftPaidAmt06465870
IRS990/PYTotalExpensesAmt09405418
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09045285
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0122225
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt017172
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06070273
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0189731
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01042120
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt013000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt016700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt022457
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt029000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt091157
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt020761
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt017731
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt022373
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt065615
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt042333
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0168813
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt09571566
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt09012914
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt08692214
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt08595570
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt08475177
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt044347441
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt020761
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt017731
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt022373
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt065615
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt042333
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0168813
IRS990ScheduleA/InvestmentIncomeCYPct00.00380
IRS990ScheduleA/InvestmentIncomePYPct00.00380
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt06170
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01640
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03267
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt047970
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0810
IRS990ScheduleA/OtherIncome509Grp/TotalAmt059857
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99490
IRS990ScheduleA/PublicSupportPY509Pct00.99470
IRS990ScheduleA/PublicSupportTotal509Amt044438598
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt09581566
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt09025914
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt08708914
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt08618027
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt08504177
IRS990ScheduleA/Total509Grp/TotalAmt044438598
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt09608497
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt09045285
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt08734554
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt08731612
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt08547320
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt044667268
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/BookValueAmt0578530
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0351738
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0930268
IRS990ScheduleD/EquipmentGrp/BookValueAmt03226
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0206757
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0209983
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09486272
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0450000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0450000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt034819
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0441812
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0476631
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt058426
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09608497
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 30,2016 AND 2015. LAC'S FEDERAL AND STATE INFORMATION RETURNS FOR THE FISCAL YEARS 2013 TO 2016 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, 2016 AND 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01066575
IRS990ScheduleD/TotalExpensesPerForm990Amt09486272
IRS990ScheduleD/TotalLiabilityAmt058426
IRS990ScheduleD/TotalRevenuePerForm990Amt09608497
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09608497
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09486272
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X

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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