Civic Intelligence

Laporte Multi-School Building Corp

EIN 35-1726295 • 501(c)4 • Laporte, IN

Profile

Provide public education facilities

1000 Harrison StreetLaporte, IN 46350
Siviq Scores

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

Liabilities / Assets

73rd percentile

0.59x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

30.44x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2024

Net Margin

33rd percentile

-1.1%

Higher net margin than 33% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • $100M-$250M nonprofits • Source year 2024

Asset Growth

21st percentile

-3.5%

Faster asset growth than 21% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-60%

Faster revenue growth than 4% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$114,013,732

Down $4,183,688 (-3.5%) from 2023

Liabilities

Down

$67,729,927

Down $4,159,838 (-5.8%) from 2023

Net Assets

Down

$46,283,805

Down $23,850 (-0.1%) from 2023

Operations
Liabilities / Revenue95th percentileNet Margin33rd percentile

Revenue

Down

$2,225,008

Down $3,344,105 (-60%) from 2023

Expenses

Down

$2,248,858

Down $130,212 (-5.5%) from 2023

Net Income

Down

-$23,850

Down $3,213,893 (-101%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

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

$150M$100M$50M$0Assets 2020: $128,469,529Liabilities 2020: $84,439,278Net Assets 2020: $44,030,2512020Assets 2021: $125,526,344Liabilities 2021: $80,294,441Net Assets 2021: $45,231,9032021Assets 2022: $119,187,214Liabilities 2022: $76,069,603Net Assets 2022: $43,117,6112022Assets 2023: $118,197,420Liabilities 2023: $71,889,765Net Assets 2023: $46,307,6552023Assets 2024: $114,013,732Liabilities 2024: $67,729,927Net Assets 2024: $46,283,8052024

Highlighted filing

2024

Assets$114,013,732
Liabilities$67,729,927
Net Assets$46,283,805
Open 2024 Filing

Operations Trend

Revenue Growth4th percentile

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

$10M$5.0M$0-$5.0MRevenue 2020: $7,375,015Expenses 2020: $2,619,797Net Income 2020: $4,755,2182020Revenue 2021: $3,738,431Expenses 2021: $2,536,779Net Income 2021: $1,201,6522021Revenue 2022: $360,467Expenses 2022: $2,474,759Net Income 2022: -$2,114,2922022Revenue 2023: $5,569,113Expenses 2023: $2,379,070Net Income 2023: $3,190,0432023Revenue 2024: $2,225,008Expenses 2024: $2,248,858Net Income 2024: -$23,8502024

Highlighted filing

2024

Revenue$2,225,008
Expenses$2,248,858
Net Income-$23,850
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$114,013,732
Liabilities
$67,729,927
Net assets
$46,283,805
Revenue
$2,225,008
Expenses
$2,248,858
Net income
-$23,850
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$67.7$46.3$2.23$2.25$0.02
2023Detailed filing. Detailed filing data is available for this year.$118$71.9$46.3$5.57$2.38$3.19
2022Detailed filing. Detailed filing data is available for this year.$119$76.1$43.1$0.36$2.47$2.11
2021Detailed filing. Detailed filing data is available for this year.$126$80.3$45.2$3.74$2.54$1.20
2020Detailed filing. Detailed filing data is available for this year.$128$84.4$44.0$7.38$2.62$4.76
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 15, 2025
Return Version
2024v5.0
Gross Receipts
$6,396,614
Mission and Program Overview

Mission

Provide public education facilities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$114,532,970$110,361,366▼ $4,171,604
Investments in Publicly Traded Securities$3,330,929$3,350,843▲ $19,914
Prepaid Expenses and Deferred Charges$333,521$301,523▼ $31,998
Total Assets$118,197,420$114,013,732▼ $4,183,688
Liabilities
Other Liabilities$69,650,000$65,640,000▼ $4,010,000
Accounts Payable and Accrued Expenses$2,239,765$2,089,927▼ $149,838
Total Liabilities$71,889,765$67,729,927▼ $4,159,838
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$46,307,655$46,283,805▼ $23,850
Total Net Assets Fund Balance$46,307,655$46,283,805▼ $23,850
Total Liabilities and Net Assets / Fund Balance$118,197,420$114,013,732▼ $4,183,688

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$109,105,970$44,284,578-
Land$1,255,396--
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Dale ParkisonPresident
Scott SiefkerSecretary
Robert HamiltonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$24,375
Other Revenue
$2,200,633
Change in Net Assets
$-23,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,248,858
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,363,187--$2,363,187
Other Expenses$-117,839--$-117,839
Total Functional Expenses$2,248,858$0$0$2,248,858
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage Payable - 2017$38,390,000
Mortgage Payable -2018$14,900,000
Mortgage Payable - 2016$12,350,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The return was reviewed with the organization's president, before the organization filed the tax return.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available upon request”

Filing and Contact Details

Filer

Filer Name
Laporte Multi-school Building Corp
EIN
35-1726295
Phone
2193627056
Address
1000 HARRISON STREET, LAPORTE, IN 46350

Signing Officer

Name
Dale Parkison
Title
President
Phone
2193627056
Signed
2025-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dale Parkison
Formed
1989
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
3

Preparer

Firm
ANGELOS & RARDIN CPA'S
Address
PO BOX 1767, LAPORTE, IN 46352-1767
Preparer
John T Angelos
Phone
2193267822
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Services provided are related to the not-for-profit”

Raw XML Appendix255 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.

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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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