Form 990, Page 6, Part VI, Line 6
“MEMBERS”
990 • Fiscal year 2019 • EIN 38-2612860
Scores are not available for this record yet.
Assets
Up$1,661,646
Up $20,892 (+1.3%) from 2018
Net Assets
Down$1,391,133
Down $16,858 (-1.2%) from 2018
Liabilities
Up$270,513
Up $37,750 (+16%) from 2018
Revenue
Up$853,452
Up $31,425 (+3.8%) from 2018
Expenses
Up$843,233
Up $317 (+0.0%) from 2018
Net Income
Up$10,219
Up $31,108 (+149%) from 2018
To promote quality education, academic excellence and individual achievement for students with learning disabilities.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $997,986 | $955,419 | ▼ $42,567 |
| Cash and Non-Interest-Bearing Accounts | $139,135 | $157,467 | ▲ $18,332 |
| Accounts Receivable | - | $34,036 | - |
| Intangible Assets | $8,000 | $8,000 | → $0 |
| Total Assets | $1,640,754 | $1,661,646 | ▲ $20,892 |
| Other Assets Total | $495,633 | $506,724 | ▲ $11,091 |
| Liabilities | |||
| Other Liabilities | $122,085 | $155,058 | ▲ $32,973 |
| Unsecured Notes Loans Payable | $110,000 | $96,726 | ▼ $13,274 |
| Accounts Payable and Accrued Expenses | $678 | $18,729 | ▲ $18,051 |
| Total Liabilities | $232,763 | $270,513 | ▲ $37,750 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $912,358 | $884,409 | ▼ $27,949 |
| Permanently Rstr Net Assets | $495,633 | $506,724 | ▲ $11,091 |
| Total Net Assets Fund Balance | $1,407,991 | $1,391,133 | ▼ $16,858 |
| Total Liabilities and Net Assets / Fund Balance | $1,640,754 | $1,661,646 | ▲ $20,892 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $874,299 | $658,321 | $1,532,620 |
| Equipment | $4,120 | $202,347 | $206,467 |
| Land | $85,000 | - | $85,000 |
| Other Assets Org | $506,724 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2019 | $495,633 | $50,000 | ▼ $18,608 | $16,254 | $506,724 |
| 2018 | $353,523 | $50,000 | ▲ $122,444 | $26,753 | $495,633 |
| 2017 | $246,125 | $50,000 | ▲ $59,335 | - | $353,523 |
| 2016 | - | $200,000 | ▲ $46,125 | - | $246,125 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Nanette F Clatterbuck | Executive Di | FT | $70,000 | $70,000 |
| Name | Title |
|---|---|
| Moira Wessell | Chairperson |
| Benjamin Pitcher | Member |
| Christine Sackett | Member |
| David Weinandy | Member |
| Diane Wendover Vallilee | Member |
| Joe Chamberlain | Member |
| Robert Sweezie | Member |
| Robert Woodhouse Jr | Member |
| Matthew Cole | Secretary |
| Douglas Thompson | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $564,198 |
| Other Expenses | $279,035 |
| Total Fundraising Expense | $13,799 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $402,263 | - | - | $402,263 |
| Occupancy | $127,387 | - | - | $127,387 |
| Current Officers, Directors, Trustees, and Key Employees | $70,000 | - | - | $70,000 |
| Other Employee Benefits | $51,676 | - | - | $51,676 |
| Depreciation Depletion | $42,569 | - | - | $42,569 |
| Payroll Taxes | $40,259 | - | - | $40,259 |
| Office Expenses | $21,301 | - | - | $21,301 |
| Insurance | $19,037 | - | - | $19,037 |
| Fees for Services Accounting | - | $16,291 | - | $16,291 |
| Advertising | - | - | $13,799 | $13,799 |
| Interest | $5,686 | - | - | $5,686 |
| All Other Expenses | $3,573 | - | - | $3,573 |
| Other Expenses | $1,479 | - | - | $1,479 |
| Total Functional Expenses | $813,143 | $16,291 | $13,799 | $843,233 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Tuition Deposits | $151,599 |
| Credit Cards | $3,459 |
“MEMBERS”
“The 990 is reviewed by the business manager and board treasurer annually.”
“The conflict of interest policy is monitored and enforced through an annual board questionnaire and board review.”
“The executive directors salary is reviewed and voted on by the board of directors on an annual basis.”
“Would be available upon request.”
“HELP IN CLASSROOMS”
“Book / tax depreciation difference 1”
“Provide tuition reduction for families with financial hardships.”
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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| IRS990/PYProgramServiceRevenueAmt | 0 | 568470 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -20889 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 548201 |
| IRS990/PYTotalExpensesAmt | 0 | 842916 |
| IRS990/PYTotalRevenueAmt | 0 | 822027 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 10219 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 67977 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 617533 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 874299 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 658321 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1532620 |
| IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 4048 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 495633 |
| IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt | 0 | 50000 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 506724 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | -18608 |
| IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt | 0 | 16254 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 3581 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 353523 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt | 0 | 50000 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 495633 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 122444 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 26753 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 1937 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 246125 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt | 0 | 50000 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 353523 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 59335 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt | 0 | 200000 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 246125 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 46125 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | false |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 4120 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 202347 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 206467 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 85000 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 85000 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 506724 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | INVESTMENTS/ENDOWMENT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 151599 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 3459 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | TUITION DEPOSITS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | CREDIT CARDS |
| IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct | 0 | 1.00000 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | PROVIDE TUITION REDUCTION FOR FAMILIES WITH FINANCIAL HARDSHIPS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 2, PART V, LINE 4 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 963419 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 506724 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 155058 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | LAKE MICHIGAN ACADEMY DISTRIBUTES A BROCHURE RECOGNIZING AND ADVERTISING ITS PROGRAMS. BOTH THE ACADEMY'S BROCHURE AND LETTERHEAD STATE THAT "THE ACADEMY ADMITS AND HIRES PERSONS OF ANY RACE, COLOR AND NATIONAL OR ETHNIC ORIGIN. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, LINE 3 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | HELP IN CLASSROOMS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | MEMBERS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE 990 IS REVIEWED BY THE BUSINESS MANAGER AND BOARD TREASURER ANNUALLY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED THROUGH AN ANNUAL BOARD QUESTIONNAIRE AND BOARD REVIEW. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE EXECUTIVE DIRECTORS SALARY IS REVIEWED AND VOTED ON BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | WOULD BE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | BOOK / TAX DEPRECIATION DIFFERENCE 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 1, PART I, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XI, LINE 9 |
| IRS990/SchoolOperatingInd | 0 | true |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MI |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | true |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 1640754 |
| IRS990/TotalAssetsEOYAmt | 0 | 1661646 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1640754 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1661646 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 134788 |
| IRS990/TotalEmployeeCnt | 0 | 25 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 13799 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 16291 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 813143 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 843233 |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.