Civic Intelligence

Life Adjustment Center Inc.

990 • Fiscal year 2017 • EIN 13-3620577

Jul 01, 2016 to Jun 30, 2017 • Filed on May 10, 2018

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

44th percentile

0.23x

Higher debt load relative to assets than 44% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

40th percentile

0.11x

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

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Net Margin

41st percentile

1.6%

Higher net margin than 41% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

86th percentile

$243,213

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Asset Growth

60th percentile

9.4%

Faster asset growth than 60% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

38th percentile

2.4%

Faster revenue growth than 38% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,847,647

Up $415,598 (+9.4%) from 2016

Net Assets

Up

$3,728,721

Up $153,427 (+4.3%) from 2016

Liabilities

Up

$1,118,926

Up $262,171 (+31%) from 2016

Revenue

Up

$9,840,769

Up $232,272 (+2.4%) from 2016

Expenses

Up

$9,687,342

Up $201,070 (+2.1%) from 2016

Net Income

Up

$153,427

Up $31,202 (+26%) from 2016

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

2017

Assets$4,847,647
Liabilities$1,118,926
Net Assets$3,728,721

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

2017

Revenue$9,840,769
Expenses$9,687,342
Net Income$153,427
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 10, 2018
Return Version
2016v3.0
Gross Receipts
$9,840,769
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
Land, Buildings, and Equipment, Net$1,066,575$1,960,043▲ $893,468
Accounts Receivable$1,250,156$1,353,415▲ $103,259
Savings and Temporary Cash Investments$1,042,120$909,617▼ $132,503
Cash and Non-Interest-Bearing Accounts$838,820$315,342▼ $523,478
Prepaid Expenses and Deferred Charges$154,610$119,337▼ $35,273
Total Assets$4,432,049$4,847,647▲ $415,598
Other Assets Total$79,768$189,893▲ $110,125
Liabilities
Accounts Payable and Accrued Expenses$342,672$474,721▲ $132,049
Mortgage Notes Payable Secured by Investment Property$455,657$382,699▼ $72,958
Other Liabilities$58,426$261,506▲ $203,080
Total Liabilities$856,755$1,118,926▲ $262,171
Net Assets / Fund Balance
Unrestricted Net Assets$3,575,294$3,728,721▲ $153,427
Total Net Assets Fund Balance$3,575,294$3,728,721▲ $153,427
Total Liabilities and Net Assets / Fund Balance$4,432,049$4,847,647▲ $415,598

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$929,682$296,855$1,226,537
Buildings$549,095$381,173$930,268
Land$450,000-$450,000
Equipment$31,266$132,344$163,610
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Seth BressmanDirector of FinanceFT$187,385$55,828$243,213
Yuri C FeynbergExecutive DirectorFT$209,088$33,114$242,202
Angela WaldronResidential CoordinatorFT$124,108$23,938$148,046

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
$0
Program Service Revenue
$9,777,831
Investment Income
$14,886
Other Revenue
$48,052
Change in Net Assets
$153,427

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,840,769
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,840,769
Total Revenue per Form 990
$9,840,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,568,892
Other Expenses$3,118,450
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,604,022$95,503-$4,699,525
Occupancy$1,538,651$180,806-$1,719,457
Other Employee Benefits$578,343$135,875-$714,218
Current Officers, Directors, Trustees, and Key Employees$148,047$485,415-$633,462
Travel$519,023$2,326-$521,349
Payroll Taxes$356,782$35,033-$391,815
Pension Plan Contributions$97,072$32,800-$129,872
Insurance$57,236$19,604-$76,840
Depreciation Depletion$57,246$11,740-$68,986
All Other Expenses$50,614$4,840-$55,454
Fees for Services Accounting-$55,000-$55,000
Interest-$29,790-$29,790
Fees for Services Other-$25,430-$25,430
Other Expenses$24,771$11,919-$24,771
Fees for Services Legal$5,281$16,736-$22,017
Total Functional Expenses$8,520,151$1,167,191$0$9,687,342

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,687,342
Total Expenses per Audited Statements$9,687,342
Total Expenses per Form 990$9,687,342
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$261,506
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 11B

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
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Yuri C Feynberg
Formed
1991
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
205
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

Additional Explanations

Form 990, Part XII, Line 2C:

The process has not been changed from prior year.

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, 2017 and 2016. Lac's federal and state information returns for the fiscal years 2013 to 2017 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, 2017 and 2016.

Part X Line 2

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, 2013 and 2012. Lac's u.s. Federal information returns prior to fiscal year 2010 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings.

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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/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt017952
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0180806
IRS990/OccupancyGrp/ProgramServicesAmt01538651
IRS990/OccupancyGrp/TotalAmt01719457
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt079768
IRS990/OtherAssetsTotalGrp/EOYAmt0189893
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0135875
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0578343
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0714218
IRS990/OtherExpensesGrp/Desc0Supplies
IRS990/OtherExpensesGrp/Desc1Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3Staff Development
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011626
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112748
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt211919
IRS990/OtherExpensesGrp/ProgramServicesAmt0332065
IRS990/OtherExpensesGrp/ProgramServicesAmt195586
IRS990/OtherExpensesGrp/ProgramServicesAmt255412
IRS990/OtherExpensesGrp/ProgramServicesAmt324771
IRS990/OtherExpensesGrp/TotalAmt0343691
IRS990/OtherExpensesGrp/TotalAmt1108334
IRS990/OtherExpensesGrp/TotalAmt267331
IRS990/OtherExpensesGrp/TotalAmt324771
IRS990/OtherLiabilitiesGrp/BOYAmt058426
IRS990/OtherLiabilitiesGrp/EOYAmt0261506
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt030100
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt030100
IRS990/OtherRevenueTotalAmt030100
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt095503
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04604022
IRS990/OtherSalariesAndWagesGrp/TotalAmt04699525
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt035033
IRS990/PayrollTaxesGrp/ProgramServicesAmt0356782
IRS990/PayrollTaxesGrp/TotalAmt0391815
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt032800
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt097072
IRS990/PensionPlanContributionsGrp/TotalAmt0129872
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0154610
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0119337
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/Desc2CHILDCARE
IRS990/ProgramServiceRevenueGrp/Desc3ROOM & BOARD
IRS990/ProgramServiceRevenueGrp/Desc4FOOD STAMPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08293285
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1640590
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2349445
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3342354
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4112640
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08293285
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1640590
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2349445
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3342354
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4112640
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/ExpenseAmt01831169
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02185967
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY HABILITATION - PROVIDES ASSISTANCE WITH ACQUIRING, RETAININGAND IMPROVING SKILLS IN THE ACTIVITIES OF DAILY LIVING AT A RESIDENCE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0245647
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0488979
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/ExpenseAmt0407547
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt11152417
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0473460
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt1349445
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt010000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03589
IRS990/PYOtherExpensesAmt02809594
IRS990/PYOtherRevenueAmt023342
IRS990/PYProgramServiceRevenueAmt09571566
IRS990/PYRevenuesLessExpensesAmt0122225
IRS990/PYSalariesCompEmpBnftPaidAmt06676678
IRS990/PYTotalExpensesAmt09486272
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09608497
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0153427
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt017952
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06279980
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01042120
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0909617
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt013000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt016700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt022457
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt062157
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt032838
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt020761
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt017731
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt022373
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt065615
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0159318
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt09777831
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt09571566
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt09012914
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt08692214
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt08595570
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt045650095
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt032838
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt020761
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt017731
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt022373
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt065615
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0159318
IRS990ScheduleA/InvestmentIncomeCYPct00.00350
IRS990ScheduleA/InvestmentIncomePYPct00.00500
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt030100
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt06170
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01640
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03267
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt047970
IRS990ScheduleA/OtherIncome509Grp/TotalAmt089147
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99460
IRS990ScheduleA/PublicSupportPY509Pct00.99300
IRS990ScheduleA/PublicSupportTotal509Amt045712252
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt09777831
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt09581566
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt09025914
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt08708914
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt08618027
IRS990ScheduleA/Total509Grp/TotalAmt045712252
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt09840769
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt09608497
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt09045285
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt08734554
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt08731612
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt045960717
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0549095
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0381173
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0930268
IRS990ScheduleD/EquipmentGrp/BookValueAmt031266
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0132344
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0163610
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09687342
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0450000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0450000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0929682
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0296855
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01226537
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0261506
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09840769
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, 2017 AND 2016. LAC'S FEDERAL AND STATE INFORMATION RETURNS FOR THE FISCAL YEARS 2013 TO 2017 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, 2017 AND 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PART 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, 2013 AND 2012. LAC'S U.S. FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2010 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01960043
IRS990ScheduleD/TotalExpensesPerForm990Amt09687342
IRS990ScheduleD/TotalLiabilityAmt0261506
IRS990ScheduleD/TotalRevenuePerForm990Amt09840769
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09840769
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09687342
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00

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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