Civic Intelligence

Life Adjustment Center Inc.

990 • Fiscal year 2018 • EIN 13-3620577

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 21, 2019

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

43rd percentile

0.25x

Higher debt load relative to assets than 43% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

40th percentile

0.12x

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

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Net Margin

29th percentile

-0.4%

Higher net margin than 29% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

87th percentile

$258,776

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Asset Growth

40th percentile

0.9%

Faster asset growth than 40% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

25th percentile

-1.1%

Faster revenue growth than 25% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$4,893,682

Up $46,035 (+0.9%) from 2017

Net Assets

Down

$3,687,492

Down $41,229 (-1.1%) from 2017

Liabilities

Up

$1,206,190

Up $87,264 (+7.8%) from 2017

Revenue

Down

$9,733,066

Down $107,703 (-1.1%) from 2017

Expenses

Up

$9,774,295

Up $86,953 (+0.9%) from 2017

Net Income

Down

-$41,229

Down $194,656 (-127%) from 2017

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

2018

Assets$4,893,682
Liabilities$1,206,190
Net Assets$3,687,492

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

2018

Revenue$9,733,066
Expenses$9,774,295
Net Income-$41,229
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 21, 2019
Return Version
2017v2.3
Gross Receipts
$9,733,066
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$1,960,043$2,176,727▲ $216,684
Accounts Receivable$1,368,284$1,427,873▲ $59,589
Cash and Non-Interest-Bearing Accounts$315,342$856,309▲ $540,967
Savings and Temporary Cash Investments$909,617$201,998▼ $707,619
Prepaid Expenses and Deferred Charges$104,468$66,064▼ $38,404
Total Assets$4,847,647$4,893,682▲ $46,035
Other Assets Total$189,893$164,711▼ $25,182
Liabilities
Accounts Payable and Accrued Expenses$474,721$544,698▲ $69,977
Other Liabilities$261,506$357,050▲ $95,544
Mortgage Notes Payable Secured by Investment Property$382,699$304,442▼ $78,257
Total Liabilities$1,118,926$1,206,190▲ $87,264
Net Assets / Fund Balance
Unrestricted Net Assets$3,728,721$3,687,492▼ $41,229
Total Net Assets Fund Balance$3,728,721$3,687,492▼ $41,229
Total Liabilities and Net Assets / Fund Balance$4,847,647$4,893,682▲ $46,035

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,200,680$330,450$1,531,130
Buildings$519,659$410,609$930,268
Land$450,000-$450,000
Equipment$6,388$127,575$133,963
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yuri C FeynbergExecutive DirectorFT$232,698$26,078$258,776
Seth BressmanDirector of FinanceFT$204,397$49,368$253,765
Angela WaldronResidential CoordinatorFT$125,674$35,087$160,761

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
$9,698,384
Investment Income
$15,481
Other Revenue
$19,201
Change in Net Assets
$-41,229

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,733,066
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,733,066
Total Revenue per Form 990
$9,733,066
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,636,910
Other Expenses$3,137,385
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,751,264$251,511-$5,002,775
Occupancy$1,498,833$183,074-$1,681,907
Other Employee Benefits$420,290$153,588-$573,878
Current Officers, Directors, Trustees, and Key Employees$231,368$331,391-$562,759
Travel$554,151$3,014-$557,165
Payroll Taxes$378,624--$378,624
Depreciation Depletion$124,376$12,784-$137,160
Pension Plan Contributions$86,292$32,582-$118,874
All Other Expenses$67,916$6,405-$74,321
Insurance$50,747$20,805-$71,552
Fees for Services Accounting-$58,500-$58,500
Other Expenses$30,732$656-$31,388
Fees for Services Other-$26,452-$26,452
Interest-$24,582-$24,582
Fees for Services Legal$2,621$172-$2,793
Total Functional Expenses$8,640,233$1,134,062$0$9,774,295

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,774,295
Total Expenses per Audited Statements$9,774,295
Total Expenses per Form 990$9,774,295
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$357,050
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
2019-03-21
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
186
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, 2018 and 2017. Lac's federal and state information returns for the fiscal years 2014 to 2018 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, 2018 and 2017.

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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/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0189893
IRS990/OtherAssetsTotalGrp/EOYAmt0164711
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0153588
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0420290
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0573878
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3EQUIPMENT AND SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09059
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111924
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27563
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3656
IRS990/OtherExpensesGrp/ProgramServicesAmt0319762
IRS990/OtherExpensesGrp/ProgramServicesAmt177606
IRS990/OtherExpensesGrp/ProgramServicesAmt245651
IRS990/OtherExpensesGrp/ProgramServicesAmt330732
IRS990/OtherExpensesGrp/TotalAmt0328821
IRS990/OtherExpensesGrp/TotalAmt189530
IRS990/OtherExpensesGrp/TotalAmt253214
IRS990/OtherExpensesGrp/TotalAmt331388
IRS990/OtherLiabilitiesGrp/BOYAmt0261506
IRS990/OtherLiabilitiesGrp/EOYAmt0357050
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0266
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0266
IRS990/OtherRevenueTotalAmt0266
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0251511
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04751264
IRS990/OtherSalariesAndWagesGrp/TotalAmt05002775
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0378624
IRS990/PayrollTaxesGrp/TotalAmt0378624
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt032582
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt086292
IRS990/PensionPlanContributionsGrp/TotalAmt0118874
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0104468
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt066064
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 & BOARD
IRS990/ProgramServiceRevenueGrp/Desc3FOOD STAMPS
IRS990/ProgramServiceRevenueGrp/Desc4CHILDCARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08421126
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1651794
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2376586
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3116981
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt494258
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08421126
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1651794
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2376586
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3116981
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt494258
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/ExpenseAmt01895241
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01973423
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY HABILITATION - PROVIDES ASSISTANCE WITH ACQUIRING, RETAININGAND IMPROVING SKILLS IN THE ACTIVITIES OF DAILY LIVING AT A RESIDENCE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0262865
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0448983
IRS990/ProgSrvcAccomActyOtherGrp/Desc0CASE MANAGEMENT - ASSISTING CLIENTS IN GAINING ACCESS TO NEEDEDSERVICES, INTAKE ASSESSMENT, REFERRAL & LINKAGE MONITORING
IRS990/ProgSrvcAccomActyOtherGrp/Desc1EARLY CHILDHOOD SERVICES
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0411238
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt11118646
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0495861
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt194258
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt014886
IRS990/PYOtherExpensesAmt03118450
IRS990/PYOtherRevenueAmt048052
IRS990/PYProgramServiceRevenueAmt09777831
IRS990/PYRevenuesLessExpensesAmt0153427
IRS990/PYSalariesCompEmpBnftPaidAmt06568892
IRS990/PYTotalExpensesAmt09687342
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09840769
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-41229
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt018935
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06685859
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0909617
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0201998
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt013000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt016700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt039700
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02381
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt032838
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt020761
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt017731
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt022373
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt096084
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt09698384
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt09777831
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt09571566
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt09012914
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt08692214
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt046752909
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02381
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt032838
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt020761
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt017731
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt022373
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt096084
IRS990ScheduleA/InvestmentIncomeCYPct00.00200
IRS990ScheduleA/InvestmentIncomePYPct00.00350
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt030100
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt06170
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01640
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03267
IRS990ScheduleA/OtherIncome509Grp/TotalAmt041177
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99710
IRS990ScheduleA/PublicSupportPY509Pct00.99460
IRS990ScheduleA/PublicSupportTotal509Amt046792609
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt09698384
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt09777831
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt09581566
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt09025914
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt08708914
IRS990ScheduleA/Total509Grp/TotalAmt046792609
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt09700765
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt09840769
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt09608497
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt09045285
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt08734554
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt046929870
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0519659
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0410609
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0930268
IRS990ScheduleD/EquipmentGrp/BookValueAmt06388
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0127575
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0133963
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09774295
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0450000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0450000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01200680
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0330450
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01531130
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0357050
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09733066
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, 2018 AND 2017. LAC'S FEDERAL AND STATE INFORMATION RETURNS FOR THE FISCAL YEARS 2014 TO 2018 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, 2018 AND 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02176727
IRS990ScheduleD/TotalExpensesPerForm990Amt09774295
IRS990ScheduleD/TotalLiabilityAmt0357050
IRS990ScheduleD/TotalRevenuePerForm990Amt09733066
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09733066
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09774295
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00

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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