Civic Intelligence

Lila Building Company

990 • Fiscal year 2012 • EIN 20-2511625

Jul 01, 2011 to Jun 30, 2012 • Filed on Feb 16, 2013

Organization ProfileMYLILA.ORG/DISTRICT/LILA-BUILDING-COMPANY
246 11th Ave SE55025
Siviq Scores

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

Liabilities / Assets

91st percentile

1.00x

Higher debt load relative to assets than 91% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

37th percentile

-1.3%

Faster asset growth than 37% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$7,875,996

Down $100,060 (-1.3%) from 2011

Net Assets

Up

$37,388

Up $77,242 (+194%) from 2011

Liabilities

Down

$7,838,608

Down $177,302 (-2.2%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$677,490

Up $16,366 (+2.5%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$60M$40M$20M$0-$20MAssets 2011: $7,976,056Liabilities 2011: $8,015,910Net Assets 2011: -$39,8542011Assets 2012: $7,875,996Liabilities 2012: $7,838,608Net Assets 2012: $37,3882012Assets 2013: $7,966,099Liabilities 2013: $7,744,823Net Assets 2013: $221,2762013Assets 2014: $19,546,662Liabilities 2014: $20,163,426Net Assets 2014: -$616,7642014Assets 2015: $16,901,641Liabilities 2015: $17,597,285Net Assets 2015: -$695,6442015Assets 2016: $17,020,598Liabilities 2016: $17,574,926Net Assets 2016: -$554,3282016Assets 2017: $16,884,048Liabilities 2017: $17,294,065Net Assets 2017: -$410,0172017Assets 2018: $16,937,189Liabilities 2018: $17,193,667Net Assets 2018: -$256,4782018Assets 2019: $40,441,504Liabilities 2019: $41,251,462Net Assets 2019: -$809,9582019Assets 2020: $38,174,322Liabilities 2020: $39,254,063Net Assets 2020: -$1,079,7412020Assets 2021: $36,236,233Liabilities 2021: $37,447,893Net Assets 2021: -$1,211,6602021Assets 2022: $35,746,201Liabilities 2022: $37,112,649Net Assets 2022: -$1,366,4482022Assets 2023: $35,095,430Liabilities 2023: $36,731,434Net Assets 2023: -$1,636,0042023Assets 2024: $34,767,103Liabilities 2024: $36,128,961Net Assets 2024: -$1,361,8582024

Highlighted filing

2012

Assets$7,875,996
Liabilities$7,838,608
Net Assets$37,388
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $805,663Expenses 2011: $661,124Net Income 2011: $144,5392011Expenses 2012: $677,4902012Expenses 2013: $679,4302013Revenue 2014: $1,168,272Expenses 2014: $1,730,356Net Income 2014: -$562,0842014Revenue 2015: $1,057,323Expenses 2015: $1,136,203Net Income 2015: -$78,8802015Revenue 2016: $1,388,311Expenses 2016: $1,246,994Net Income 2016: $141,3172016Revenue 2017: $1,389,910Expenses 2017: $1,245,599Net Income 2017: $144,3112017Revenue 2018: $1,463,480Expenses 2018: $1,309,941Net Income 2018: $153,5392018Revenue 2019: $1,853,670Expenses 2019: $2,407,150Net Income 2019: -$553,4802019Revenue 2020: $2,106,280Expenses 2020: $2,376,063Net Income 2020: -$269,7832020Revenue 2021: $2,381,410Expenses 2021: $2,775,330Net Income 2021: -$393,9202021Revenue 2022: $2,633,654Expenses 2022: $2,789,453Net Income 2022: -$155,7992022Revenue 2023: $2,702,983Expenses 2023: $2,972,539Net Income 2023: -$269,5562023Revenue 2024: $2,791,742Expenses 2024: $2,517,596Net Income 2024: $274,1462024

Highlighted filing

2012

Revenue-
Expenses$677,490
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Feb 16, 2013
Return Version
2011v1.5
Gross Receipts
$754,732
Mission and Program Overview

Mission

To own and maintain appropriate school facilities for lease to lakes international language academy in forest lake, minnesota.

Filing and Contact Details

Filer

EIN
20-2511625
Raw XML AppendixShowing 400 of 406 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReview00
IRS990/AccountsPayableAccruedExpenses/BOY00
IRS990/AccountsPayableAccruedExpenses/EOY04381
IRS990/AccountsReceivable/BOY0120
IRS990/AccountsReceivable/EOY00
IRS990/ActivitiesConductedPartnership00
IRS990/ActivityOrMissionDescription0TO MANAGE A SCHOOL BUILDING AND PROPERTY LEASED TO LAKES INTERNATIONAL LANGAUAGE ACADEMY.
IRS990/AddressPrincipalOfficerUS/AddressLine10246 11TH AVE SE
IRS990/AddressPrincipalOfficerUS/City0FOREST LAKE
IRS990/AddressPrincipalOfficerUS/State0MN
IRS990/AddressPrincipalOfficerUS/ZIPCode055025
IRS990/AnnualDisclosureCoveredPersons01
IRS990/AuditCommittee01
IRS990/BenefitsPaidToMembersCY00
IRS990/BenefitsPaidToMembersPriorYear00
IRS990/BsnssRltnshpThruFamilyMember00
IRS990/BsnssRltnshpWithOrganization00
IRS990/CapStckTrstPrinCurrentFunds/BOY0851807
IRS990/CapStckTrstPrinCurrentFunds/EOY0891267
IRS990/CashNonInterestBearing/BOY047569
IRS990/CashNonInterestBearing/EOY083811
IRS990/ChangesToOrganizingDocs00
IRS990/CollectionsOfArt00
IRS990/CompensationFromOtherSources00
IRS990/CompensationProcessCEO00
IRS990/CompensationProcessOther00
IRS990/ConflictOfInterestPolicy01
IRS990/ConservationEasements00
IRS990/ConsolidatedAuditFinancialStmt01
IRS990/ContributionsGrantsCurrentYear00
IRS990/ContributionsGrantsPriorYear00
IRS990/CreditCounseling00
IRS990/DecisionsSubjectToApproval00
IRS990/DeductibleContributionsOfArt00
IRS990/DeductibleNonCashContributions00
IRS990/DelegationOfManagementDuties00
IRS990/DepreciationDepletion/ManagementAndGeneral0278
IRS990/DepreciationDepletion/ProgramServices0140829
IRS990/DepreciationDepletion/Total0141107
IRS990/DescribedIn501C301
IRS990/Description0SCHOOL LEASE: LILA BUILDING CO LEASED 65,000 SQUARE FEET OF THE BUILDING ON ITS PROPERTY TO LAKES INTERNATIONAL LANGUAGE ACADEMY. (IT ALSO LEASES 3,000 SQUARE FEET OF THE BUILDING TO A LOCAL AMBULANCE SERVICE, AND USES THE PROCEEDS FOR MAINTENANCE AND CAPITAL IMPROVEMENTS ON THE BUILDING/PROPERTY AS A WHOLE.) THE BUILDING COMPANY HAS NO PAID EMPLOYEES.
IRS990/DisregardedEntity00
IRS990/DocumentRetentionPolicy01
IRS990/DonorAdvisedFunds00
IRS990/DoNotFollowSFAS1170X
IRS990/ElectionOfBoardMembers01
IRS990/EscrowAccount00
IRS990/ExcessBenefitTransaction00
IRS990/ExcessBusinessHoldings00
IRS990/Expense0667112
IRS990/FamilyOrBusinessRelationship00
IRS990/FederalGrantAuditRequired00
IRS990/FeesForServicesAccounting/ManagementAndGeneral010100
IRS990/FeesForServicesAccounting/Total010100
IRS990/FeesForServicesOther/ProgramServices08052
IRS990/FeesForServicesOther/Total08052
IRS990/FinancialStatementConsolidated0X
IRS990/ForeignActivities00
IRS990/ForeignFinancialAccount00
IRS990/ForeignOffice00
IRS990/Form8282PropertyDisposedOf00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek02.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek10.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek20.50
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/NamePerson0JULIE LUNDGREN
IRS990/Form990PartVIISectionA/NamePerson1STEFANIE MCALPINE
IRS990/Form990PartVIISectionA/NamePerson2DONLEY JOHNSON
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/OtherCompensation011371
IRS990/Form990PartVIISectionA/OtherCompensation118826
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs045328
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs131439
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/Title0BOARD PRESIDENT
IRS990/Form990PartVIISectionA/Title1SECRETARY
IRS990/Form990PartVIISectionA/Title2MEMBER
IRS990/Form990ProvidedToGoverningBody01
IRS990/FormersListed00
IRS990/FSAudited01
IRS990/FundraisingActivities00
IRS990/FundsToPayPremiums00
IRS990/Gaming00
IRS990/Grants00
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsAndSimilarAmntsPriorYear00
IRS990/GrantsToIndividuals00
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossReceipts0754732
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt00
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartVII0X
IRS990/InfoInScheduleOPartXII0X
IRS990/Interest/ProgramServices0494163
IRS990/Interest/Total0494163
IRS990/InvestmentIncomeCurrentYear08937
IRS990/InvestmentIncome/ExclusionAmount08937
IRS990/InvestmentIncomePriorYear015532
IRS990/InvestmentIncome/TotalRevenueColumn08937
IRS990/InvestmentInJointVenture00
IRS990/InvestTaxExemptBonds00
IRS990/LandBldgEquipmentAccumDeprec0771474
IRS990/LandBuildingsEquipmentBasis07308170
IRS990/LandBuildingsEquipmentBasisNet/BOY06662101
IRS990/LandBuildingsEquipmentBasisNet/EOY06536696
IRS990/LoanToOfficerOrDQP00
IRS990/LobbyingActivities00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders01
IRS990/MethodOfAccountingOther0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0TO OWN AND OPERATE A SCHOOL BUILDING AND PROPERTY FOR LEASE TO LAKES INTERNATIONAL LANGUAGE ACADEMY IN FOREST LAKE, MN.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/MortNotesPyblSecuredInvestProp/BOY0180220
IRS990/MortNotesPyblSecuredInvestProp/EOY0145000
IRS990/NameOfPrincipalOfficerPerson0JULIE LUNDGREN
IRS990/NbrIndependentVotingMembers01
IRS990/NbrVotingGoverningBodyMembers03
IRS990/NbrVotingMembersGoverningBody03
IRS990/NetAssetsOrFundBalancesBOY0-39854
IRS990/NetAssetsOrFundBalancesEOY037388
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith109600
IRS990/NumberIndependentVotingMembers01
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees00
IRS990/NumberW2GIncluded00
IRS990/Occupancy/ProgramServices014999
IRS990/Occupancy/Total014999
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/OnBehalfOfIssuer00
IRS990/Organization501c30X
IRS990/OtherAssetsTotal/BOY0462148
IRS990/OtherAssetsTotal/EOY0443652
IRS990/OtherExpensePriorYear0661124
IRS990/OtherExpensesCurrentYear0677490
IRS990/OtherExpenses/Description0BOND ISSUE COST EXPENSE
IRS990/OtherExpenses/Description1REPAIRS AND MAINTENANCE
IRS990/OtherExpenses/Description2MISCELLANEOUS
IRS990/OtherExpenses/ProgramServices07563
IRS990/OtherExpenses/ProgramServices11341
IRS990/OtherExpenses/ProgramServices2165
IRS990/OtherExpenses/Total07563
IRS990/OtherExpenses/Total11341
IRS990/OtherExpenses/Total2165
IRS990/OtherLiabilities/BOY080690
IRS990/OtherLiabilities/EOY079227
IRS990/OtherRevenueCurrentYear00
IRS990/OtherRevenuePriorYear00
IRS990/PaidInCapSrplsLandBldgEqpFund/BOY0-891661
IRS990/PaidInCapSrplsLandBldgEqpFund/EOY0-853879
IRS990/PartialLiquidation00
IRS990/PoliticalActivities00
IRS990/PremiumsPaid00
IRS990/PrepaidExpensesDeferredCharges/BOY03385
IRS990/PrepaidExpensesDeferredCharges/EOY00
IRS990/PriorExcessBenefitTransaction00
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0531120
IRS990/ProgramServiceRevenueCY0745795
IRS990/ProgramServiceRevenue/Description0RENT INCOME
IRS990/ProgramServiceRevenuePriorYear0790131
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome0745795
IRS990/ProgramServiceRevenue/TotalRevenueColumn0745795
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions00
IRS990/ReconcilationOtherChanges00
IRS990/ReconcilationRevenueExpenses077242
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity01
IRS990/RelatedOrgControlledEntity00
IRS990/ReportFin48Footnote00
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets01
IRS990/ReportOtherLiabilities01
IRS990/ReportProgRelInvest00
IRS990/RetainedEarningsEndowmentEtc/BOY00
IRS990/RetainedEarningsEndowmentEtc/EOY00
IRS990/Revenue0745795
IRS990/RevenuesLessExpensesCY077242
IRS990/RevenuesLessExpensesPriorYear0144539
IRS990/SalariesEtcCurrentYear00
IRS990/SalariesEtcPriorYear00
IRS990/SavingsAndTempCashInvestments/BOY0800733
IRS990/SavingsAndTempCashInvestments/EOY0811837
IRS990ScheduleA/CertificationCheckbox0X
IRS990ScheduleA/ContribBy35ControlledEntity00
IRS990ScheduleA/ContribByControllingIndividual00
IRS990ScheduleA/ContributionByRelatedParty00
IRS990ScheduleA/SumOfAmounts0667112
IRS990ScheduleA/SupportedOrgInformation/Amount0667112
IRS990ScheduleA/SupportedOrgInformation/EIN0200393839
IRS990ScheduleA/SupportedOrgInformation/ListedInGoverningDoc01
IRS990ScheduleA/SupportedOrgInformation/Name/BusinessNameLine10LAKES INT'L LANG ACAD
IRS990ScheduleA/SupportedOrgInformation/OrganizedInUS01
IRS990ScheduleA/SupportedOrgInformation/SupportedOrganizationNotified01
IRS990ScheduleA/SupportedOrgInformation/TypeOfOrganization02
IRS990ScheduleA/SupportingOrg509a3Type20X
IRS990ScheduleA/SupportingOrganization509a30X
IRS990ScheduleA/TotalNumberOfSupportedOrgs01
IRS990ScheduleA/WrittenIRSDetermination0X
IRS990/ScheduleBRequired00
IRS990ScheduleD/Buildings/BookValue05968516
IRS990ScheduleD/Buildings/Depreciation0732944
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis06701460
IRS990ScheduleD/Equipment/BookValue033000
IRS990ScheduleD/Equipment/Depreciation028685
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis061685
IRS990ScheduleD/Land/BookValue0501090
IRS990ScheduleD/Land/OtherCostOrOtherBasis0501090
IRS990ScheduleD/LeaseholdImprovements/BookValue026372
IRS990ScheduleD/LeaseholdImprovements/Depreciation09845
IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis036217
IRS990ScheduleD/OtherAssets/BookValue0443652
IRS990ScheduleD/OtherAssets/Description0BOND ISSUANCE COSTS, NET
IRS990ScheduleD/OtherLandBuildings/BookValue07718
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis07718
IRS990ScheduleD/OtherLiabilities/Amount079227
IRS990ScheduleD/OtherLiabilities/Description0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/TotalBookValueOtherAssets0443652
IRS990ScheduleD/TotalOfAmounts079227
IRS990ScheduleD/TotalOfBookValueLandBuildings06536696
IRS990/ScheduleJRequired00
IRS990ScheduleK/Form990ScheduleKPartI/CUSIPNumber0722516AB7
IRS990ScheduleK/Form990ScheduleKPartI/DateIssued02006-05-01
IRS990ScheduleK/Form990ScheduleKPartI/Defeased00
IRS990ScheduleK/Form990ScheduleKPartI/DescriptionOfPurpose0REFINANCE PURCH/REMODEL OF THE BUILDING
IRS990ScheduleK/Form990ScheduleKPartII/AdequateBooksAndRecdsMaintaind01
IRS990ScheduleK/Form990ScheduleKPartII/AdvanceRefunding00
IRS990ScheduleK/Form990ScheduleKPartII/AmountInReserveFund0644047
IRS990ScheduleK/Form990ScheduleKPartII/CapitalExpenditures06840177
IRS990ScheduleK/Form990ScheduleKPartII/CurrentRefunding00
IRS990ScheduleK/Form990ScheduleKPartII/FinalAllocationMade01
IRS990ScheduleK/Form990ScheduleKPartIII/AnyLeaseArrangements00
IRS990ScheduleK/Form990ScheduleKPartIII/AnyResearchAgreements00
IRS990ScheduleK/Form990ScheduleKPartIII/MngmentCntrctBondFinancdPrprty00
IRS990ScheduleK/Form990ScheduleKPartIII/OwningBondFinancedProperty00
IRS990ScheduleK/Form990ScheduleKPartIII/PostIssuanceComplianceProcdrs01
IRS990ScheduleK/Form990ScheduleKPartII/IssuanceCostsFromProceeds0155100
IRS990ScheduleK/Form990ScheduleKPartI/IssuePrice07755000
IRS990ScheduleK/Form990ScheduleKPartI/IssuerEIN0416005456
IRS990ScheduleK/Form990ScheduleKPartI/IssuerName/BusinessNameLine10CITY OF PINE CITY SERIES 2006A REVENUE BONDS
IRS990ScheduleK/Form990ScheduleKPartII/TotalProceeds07755000
IRS990ScheduleK/Form990ScheduleKPartII/YearOfSubstCompletion02006
IRS990ScheduleK/Form990ScheduleKPartI/OnBehalfOfIssuer00
IRS990ScheduleK/Form990ScheduleKPartI/PoolFinancing00
IRS990ScheduleK/Form990ScheduleKPartIV/ExceptionToRebate00
IRS990ScheduleK/Form990ScheduleKPartIV/Form8038TFiled00
IRS990ScheduleK/Form990ScheduleKPartIV/GrossProceedsInvested00
IRS990ScheduleK/Form990ScheduleKPartIV/GrossProceedsInvestedInGIC00
IRS990ScheduleK/Form990ScheduleKPartIV/HedgeIdentifiedInBooksAndRecds00
IRS990ScheduleK/Form990ScheduleKPartIV/VariableRateIssue00
IRS990ScheduleO/GeneralExplanation/Explanation0THE SOLE MEMBER OF THE ORGANIZATION IS LAKES INTERNATIONAL LANGUAGE ACADEMY.
IRS990ScheduleO/GeneralExplanation/Explanation1THE SOLE MEMBER OF THE ORGANIZATION APPOINTS THE TWO LILA BUILDING COMPANY (LBC) BOARD MEMBERS WHO ARE ALSO MEMBERS OF THE BOARD OF DIRECTORS OF LAKES INTERNATIONAL LANGUAGE ACADEMY, PER THE BYLAWS. THE LBC BOARD APPOINTS THE THIRD LBC BOARD MEMBER.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED IN DETAIL BY THE LILA AUDIT COMMITTEE. THE FINAL DRAFT IS FORWARDED TO THE FULL LBC BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation3AS A STANDARD PART OF EACH BOARD AGENDA, MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST BASED ON THE AGENDA. THE BOARD VOTES ON WHETHER OR NOT THE DISCLOSURE IS A CONFLICT OF INTEREST AND WHETHER OR NOT THE INDIVIDUAL MAY REMAIN IN THE ROOM FOR THE DISCUSSION AND/OR VOTE. MEMBERS DETERMINED TO HAVE A CONFLICT WHO ARE ALLOWED TO REMAIN FOR THE DISCUSSION MAY ONLY CONTRIBUTE MATERIAL FACTS TO THE DISCUSSION AND ANSWER QUESTIONS. MEMBERS WHO HAVE A CONFLICT MUST LEAVE THE ROOM FOR THE VOTE. ALL BOARD PROCEEDINGS ARE DOCUMENTED IN THE MINUTES. IF A CONFLICT WERE TO BE DISCOVERED AFTER A VOTE OR MEETING, THE DECISION WOULD BE VOIDED AND THE ITEM RETURNED TO THE AGENDA FOR A REVOTE. IF A TRANSACTION WERE TO BE DISCOVERED AFTER THE FACT, THE BOARD AND SCHOOL ADMINISTRATION WOULD WORK TOGETHER TO DETERMINE ANY RAMIFICATIONS AND MAKE CORRECTIONS, INCLUDING CORRECTIVE AND DISCIPLINARY ACTIONS FOR THE MEMBER WITH THE UNDISCLOSED CONFLICT. IN ADDITION, AN ANNUAL "RELATED PARTIES QUESTIONNAIRE" IS COMPLETED BY LILA BUILDING COMPANY BOARD MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5THE FOLLOWING INDIVIDUALS WORKED FOR THE FILING ORGANIZATION AND RELATED ORGANIZATION AS FOLLOWS: -JULIE LUNDGREN- LAKES INTERNATIONAL LANGUAGE ACADEMY - 45 HOURS LILA BUILDING COMPANY - 2 HOURS -DONLEY JOHNSON- LAKES INTERNATIONAL LANGUAGE ACADEMY - 1 HOUR LILA BUILDING COMPANY - .5 HOUR -STEFANIE MCALPINE- LAKES INTERNATIONAL LANGUAGE ACADEMY - 42 HOURS LILA BUILDING COMPANY - .5 HOUR
IRS990ScheduleO/GeneralExplanation/Explanation6THE ORGANIZATION FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET.
IRS990ScheduleO/GeneralExplanation/Identifier0EXPLANATION FOR HOURS WORKED
IRS990ScheduleO/GeneralExplanation/Identifier1EXPLANATION FOR METHOD OF ACCOUNTING
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VII, SECTION A, LINE 1A
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART XII, LINE 1
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine10246 11TH AVE SE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0FOREST LAKE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0MN
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode055025
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg00
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA0N/A
IRS990ScheduleR/Form990ScheduleRPartII/EIN0200393839
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(C)(3)
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0MN
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10LAKES INTERNATIONAL LANGUAGE ACADEMY
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0EDUCATION
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0LINE 2
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg00
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg00
IRS990ScheduleR/OtherTransferFromOtherOrg00
IRS990ScheduleR/OtherTransferToOtherOrg00
IRS990ScheduleR/PerformOfServicesByOtherOrgs00
IRS990ScheduleR/PerformOfServicesForOtherOrgs00
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties00
IRS990ScheduleR/ReimbursementPaidByOtherOrg00
IRS990ScheduleR/ReimbursementPaidToOtherOrg01
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs00
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs01
IRS990ScheduleR/SaleOfAssetsToOtherOrg00
IRS990ScheduleR/SharingOfFacilities01
IRS990ScheduleR/SharingOfPaidEmployees00
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/StatesWhereCopyOfReturnIsFiled0MN
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBondLiabilities/BOY07755000
IRS990/TaxExemptBondLiabilities/EOY07610000
IRS990/TaxExemptBonds01
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10246 11TH AVE SE
IRS990/TheBooksAreInCareOf/AddressUS/City0FOREST LAKE
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode055025
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10JULIE LUNDGREN
IRS990/TheBooksAreInCareOf/TelephoneNumber06514640771
IRS990/TotalAssets/BOY07976056
IRS990/TotalAssetsBOY07976056
IRS990/TotalAssets/EOY07875996
IRS990/TotalAssetsEOY07875996
IRS990/TotalCompGT150K00
IRS990/TotalExpensesCurrentYear0677490
IRS990/TotalExpensesPriorYear0661124
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral010378
IRS990/TotalFunctionalExpenses/ProgramServices0667112
IRS990/TotalFunctionalExpenses/Total0677490
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY08015910
IRS990/TotalLiabilitiesBOY08015910
IRS990/TotalLiabilities/EOY07838608
IRS990/TotalLiabilitiesEOY07838608
IRS990/TotalLiabNetAssetsFundBalances/BOY07976056
IRS990/TotalLiabNetAssetsFundBalances/EOY07875996
IRS990/TotalNbrEmployees00
IRS990/TotalNbrVolunteers01
IRS990/TotalNetAssetsFundBalances/BOY0-39854
IRS990/TotalNetAssetsFundBalances/EOY037388
IRS990/TotalOtherCompensation030197
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense0667112
IRS990/TotalProgramServiceRevenue0745795
IRS990/TotalReportableCompFrmRltdOrgs076767
IRS990/TotalReportableCompFromOrg00
IRS990/TotalRevenueCurrentYear0754732
IRS990/TotalRevenue/ExclusionAmount08937
IRS990/TotalRevenuePriorYear0805663
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0745795
IRS990/TotalRevenue/TotalRevenueColumn0754732
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransactionRelatedEntity00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UponRequest0X
IRS990/WebSite0N/A
IRS990/WhistleblowerPolicy01
IRS990/YearFormation02005
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/Filer/EIN0202511625
ReturnHeader/Filer/Name/BusinessNameLine10LILA BUILDING COMPANY
ReturnHeader/Filer/NameControl0LILA
ReturnHeader/Filer/Phone06514640771
ReturnHeader/Filer/USAddress/AddressLine10246 11TH AVE SE
ReturnHeader/Filer/USAddress/City0FOREST LAKE
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055025
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-02-16
ReturnHeader/Officer/Name0JULIE LUNDGREN
ReturnHeader/Officer/Phone06514640771
ReturnHeader/Officer/Title0PRESIDENT
ReturnHeader/PreparerFirm/EIN0410746749
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10220 SOUTH SIXTH STREET SUITE 300
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0MINNEAPOLIS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode055402
ReturnHeader/Preparer/Name0XIAOYAN LUO

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$7,875,996
Liabilities
$7,838,608
Net assets
$37,388
Revenue
-
Expenses
$677,490
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$34.8$36.1$1.36$2.79$2.52$0.27
2023Detailed filing. Detailed filing data is available for this year.$35.1$36.7$1.64$2.70$2.97$0.27
2022Detailed filing. Detailed filing data is available for this year.$35.7$37.1$1.37$2.63$2.79$0.16
2021Detailed filing. Detailed filing data is available for this year.$36.2$37.4$1.21$2.38$2.78$0.39
2020Detailed filing. Detailed filing data is available for this year.$38.2$39.3$1.08$2.11$2.38$0.27
2019Detailed filing. Detailed filing data is available for this year.$40.4$41.3$0.81$1.85$2.41$0.55
2018Detailed filing. Detailed filing data is available for this year.$16.9$17.2$0.26$1.46$1.31$0.15
2017Detailed filing. Detailed filing data is available for this year.$16.9$17.3$0.41$1.39$1.25$0.14
2016Detailed filing. Detailed filing data is available for this year.$17.0$17.6$0.55$1.39$1.25$0.14
2015Detailed filing. Detailed filing data is available for this year.$16.9$17.6$0.70$1.06$1.14$0.08
2014Detailed filing. Detailed filing data is available for this year.$19.5$20.2$0.62$1.17$1.73$0.56
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.97$7.74$0.22$0.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.88$7.84$0.04$0.68
2011Summary only. Only limited summary data is available for this year.$7.98$8.02$0.04$0.81$0.66$0.14