Civic Intelligence

Northern Lights Building Company

EIN 26-0260117 • 501(c)3 • Warba, MN

Profile

The purpose of the organization is to

PO Box 2843Warba, MN 55793

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

80th percentile

0.47x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

85th percentile

39%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

41st percentile

$4,340

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

40th percentile

0.2%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

38th percentile

0.8%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,441,676

Up $3,585 (+0.2%) from 2024

Liabilities

Down

$83,363

Down $66,259 (-44%) from 2024

Net Assets

Up

$1,358,313

Up $69,844 (+5.4%) from 2024

Revenue

Up

$177,844

Up $1,409 (+0.8%) from 2024

Expenses

Down

$108,039

Down $12,498 (-10%) from 2024

Net Income

Up

$69,805

Up $13,907 (+25%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2015: $936,231Liabilities 2015: $415,615Net Assets 2015: $520,6162015Assets 2016: $927,479Liabilities 2016: $377,738Net Assets 2016: $549,7412016Assets 2017: $1,079,236Liabilities 2017: $438,816Net Assets 2017: $640,4202017Assets 2018: $1,200,175Liabilities 2018: $417,931Net Assets 2018: $782,2442018Assets 2019: $1,359,827Liabilities 2019: $362,515Net Assets 2019: $997,3122019Assets 2020: $1,398,683Liabilities 2020: $325,270Net Assets 2020: $1,073,4132020Assets 2021: $1,431,696Liabilities 2021: $306,347Net Assets 2021: $1,125,3492021Assets 2022: $1,417,069Liabilities 2022: $230,867Net Assets 2022: $1,186,2022022Assets 2023: $1,416,333Liabilities 2023: $184,373Net Assets 2023: $1,231,9602023Assets 2024: $1,438,091Liabilities 2024: $149,622Net Assets 2024: $1,288,4692024Assets 2025: $1,441,676Liabilities 2025: $83,363Net Assets 2025: $1,358,3132025

Highlighted filing

2025

Assets$1,441,676
Liabilities$83,363
Net Assets$1,358,313

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0Revenue 2015: $169,333Expenses 2015: $133,993Net Income 2015: $35,3402015Revenue 2016: $163,744Expenses 2016: $132,114Net Income 2016: $31,6302016Revenue 2017: $219,119Expenses 2017: $128,440Net Income 2017: $90,6792017Revenue 2018: $257,481Expenses 2018: $115,657Net Income 2018: $141,8242018Revenue 2019: $337,449Expenses 2019: $122,381Net Income 2019: $215,0682019Revenue 2020: $168,558Expenses 2020: $114,827Net Income 2020: $53,7312020Revenue 2021: $168,558Expenses 2021: $116,622Net Income 2021: $51,9362021Revenue 2022: $168,558Expenses 2022: $107,705Net Income 2022: $60,8532022Revenue 2023: $146,353Expenses 2023: $100,210Net Income 2023: $46,1432023Revenue 2024: $176,435Expenses 2024: $120,537Net Income 2024: $55,8982024Revenue 2025: $177,844Expenses 2025: $108,039Net Income 2025: $69,8052025

Highlighted filing

2025

Revenue$177,844
Expenses$108,039
Net Income$69,805

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$177,844
Mission and Program Overview

Mission

The purpose of the organization is to hold and manage real estate and lease the real estate to a state of minnesota charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,031,751$1,113,547▲ $81,796
Savings and Temporary Cash Investments$175,226$184,265▲ $9,039
Cash and Non-Interest-Bearing Accounts$224,395$135,865▼ $88,530
Prepaid Expenses and Deferred Charges$6,719$7,999▲ $1,280
Total Assets$1,438,091$1,441,676▲ $3,585
Liabilities
Mortgage Notes Payable Secured by Investment Property$135,046$83,363▼ $51,683
Deferred Revenue$14,046--
Accounts Payable and Accrued Expenses$530--
Total Liabilities$149,622$83,363▼ $66,259
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,288,469$1,358,313▲ $69,844
Total Net Assets Fund Balance$1,288,469$1,358,313▲ $69,844
Total Liabilities and Net Assets / Fund Balance$1,438,091$1,441,676▲ $3,585

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,071,940$675,921$1,747,861
Equipment$11,607$140,446$152,053
Land$30,000-$30,000
Compensation and Service Providers

Employees

NameTitleBaseTotal
Amy ChungTreasurer, Secretary$4,340$4,340

Board Members and Trustees

NameTitle
David HagmanInterim Board Chair
Art NortonBoard Member
David CareyBoard Member
Ellen CoffelBoard Member
Gail OttesonBoard Member
Orlend MenzeAdvisor
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$168,558
Investment Income
$9,286
Other Revenue
$0
Change in Net Assets
$69,805

Audited Revenue Reconciliation

Revenue per Audited Statements
$177,844
Revenue Not Reported on Form 990
$39
Total Revenue per Audited Statements
$177,883
Total Revenue per Form 990
$177,844
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$100,732
Grants and Similar Amounts Paid$7,307
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$52,354$0$0$52,354
Insurance$17,016$908$0$17,924
Other Expenses$11,849$0$0$11,849
Fees for Services Accounting$0$7,790$0$7,790
Grants to Domestic Orgs$7,307--$7,307
Interest$5,552$0$0$5,552
Fees for Services Management$0$3,450$0$3,450
Office Expenses$0$1,066$0$1,066
Conferences and Meetings$0$560$0$560
Occupancy$162$0$0$162
All Other Expenses$0$25$0$25
Total Functional Expenses$94,240$13,799$0$108,039

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$108,039
Total Expenses per Audited Statements$108,039
Total Expenses per Form 990$108,039
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Northern Lights Community SchoolWarba, MN-Student Items$7,307
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
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 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Northern Lights Building Company
EIN
26-0260117
Phone
2182565777
Address
PO BOX 2843, WARBA, MN 55793

Signing Officer

Name
David Hagman
Title
Board Chair
Phone
2182565777
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Hagman
Formed
2005
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
3

Preparer

Firm
Fort & Company Pa
Address
2302 3RD AVE E, HIBBING, MN 55746
Preparer
Victoria Arnoldy
Phone
2182623404
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 will be reviewed by the board chair prior to filing

Pt VI, Line 12C

Conflict of interest policy is reviewed and signed by board members and officers annually

Pt VI, Line 19

Governing documents are available upon request. Financial statements are available on anothers website and upon request.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SUPPORTED ORGANIZATIONS WILL BE STATE OF MINNESOTA CHARTER SCHOOLS
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE BUILDING COMPANY HOLDS AND MANAGES REAL ESTATE THAT IS USED FOR THE EXEMPT PURPOSES OF THE SUPPORTED ORGANIZATION, NORTHERN LIGHTS COMMUNITY SCHOOL
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2ORGANIZATION HOLDS, MANAGES, AND LEASES SCHOOL BUILDING TO CHARTER SCHOOL
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt IV Sec A Ln 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Pt IV Sec E Ln 2a
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Pt IV Sec E Ln 2b
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0202157775
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NORTHERN LIGHTS COMMUNITY SCHOOL
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01071940
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0675921
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01747861
IRS990ScheduleD/EquipmentGrp/BookValueAmt011607
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0140446
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0152053
IRS990ScheduleD/ExpensesSubtotalAmt0108039
IRS990ScheduleD/LandGrp/BookValueAmt030000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt039
IRS990ScheduleD/RevenueNotReportedAmt039
IRS990ScheduleD/RevenueSubtotalAmt0177844
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01113547
IRS990ScheduleD/TotalExpensesPerForm990Amt0108039
IRS990ScheduleD/TotalRevenuePerForm990Amt0177844
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0177883
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0108039
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt07307
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0STUDENT ITEMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NORTHERN LIGHTS COMMUNITY SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0202157775
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0305 BRIDGE STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WARBA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055793
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 WILL BE REVIEWED BY THE BOARD CHAIR PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS REVIEWED AND SIGNED BY BOARD MEMBERS AND OFFICERS ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON ANOTHERS WEBSITE AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NORTHERN LIGHTS COMMUNITY SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0202157775
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170B1AIII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0305 BRIDGE STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WARBA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055793
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0168558
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt17307
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST REIMBURSEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NORTHERN LIGHTS COMMUNITY SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1NORTHERN LIGHTS COMMUNITY SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1B
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01438091
IRS990/TotalAssetsEOYAmt01441676
IRS990/TotalAssetsGrp/BOYAmt01438091
IRS990/TotalAssetsGrp/EOYAmt01441676
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013799
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt094240
IRS990/TotalFunctionalExpensesGrp/TotalAmt0108039
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0149622
IRS990/TotalLiabilitiesEOYAmt083363
IRS990/TotalLiabilitiesGrp/BOYAmt0149622
IRS990/TotalLiabilitiesGrp/EOYAmt083363
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01288469
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01358313
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt094240
IRS990/TotalProgramServiceRevenueAmt0168558
IRS990/TotalReportableCompFromOrgAmt04340
IRS990/TotalRevenueGrp/ExclusionAmt09286
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0168558
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0177844
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01438091

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