Civic Intelligence

Learning Differences Resource Group

990 • Fiscal year 2019 • EIN 38-2612860

Sep 01, 2018 to Aug 31, 2019 • Filed on Jan 08, 2020

2428 Burton Street SEGrand Rapids, MI 49506

(616) 732-4478

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

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 And Expenses

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

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,351,095Liabilities 2010: $171,205Net Assets 2010: $1,179,8902010Assets 2011: $1,308,681Liabilities 2011: $139,787Net Assets 2011: $1,168,8942011Assets 2012: $1,372,462Liabilities 2012: $131,315Net Assets 2012: $1,241,1472012Assets 2013: $1,391,932Liabilities 2013: $117,086Net Assets 2013: $1,274,8462013Assets 2014: $1,474,796Liabilities 2014: $112,193Net Assets 2014: $1,362,6032014Assets 2015: $1,407,011Liabilities 2015: $93,525Net Assets 2015: $1,313,4862015Assets 2016: $1,386,989Liabilities 2016: $79,843Net Assets 2016: $1,307,1462016Assets 2017: $1,435,378Liabilities 2017: $121,841Net Assets 2017: $1,313,5372017Assets 2018: $1,640,754Liabilities 2018: $232,763Net Assets 2018: $1,407,9912018Assets 2019: $1,661,646Liabilities 2019: $270,513Net Assets 2019: $1,391,1332019Assets 2020: $1,802,971Liabilities 2020: $359,634Net Assets 2020: $1,443,3372020Assets 2021: $2,230,552Liabilities 2021: $497,984Net Assets 2021: $1,732,5682021Assets 2022: $2,265,476Liabilities 2022: $522,937Net Assets 2022: $1,742,5392022Assets 2023: $2,260,892Liabilities 2023: $370,850Net Assets 2023: $1,890,0422023Assets 2024: $2,336,092Liabilities 2024: $266,292Net Assets 2024: $2,069,8002024

Highlighted filing

2019

Assets$1,661,646
Liabilities$270,513
Net Assets$1,391,133

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $460,6982010Expenses 2011: $474,7372011Expenses 2012: $495,3752012Revenue 2013: $592,843Expenses 2013: $561,092Net Income 2013: $31,7512013Revenue 2014: $673,361Expenses 2014: $602,533Net Income 2014: $70,8282014Revenue 2015: $625,488Expenses 2015: $658,491Net Income 2015: -$33,0032015Revenue 2016: $682,306Expenses 2016: $782,418Net Income 2016: -$100,1122016Revenue 2017: $717,344Expenses 2017: $768,286Net Income 2017: -$50,9422017Revenue 2018: $822,027Expenses 2018: $842,916Net Income 2018: -$20,8892018Revenue 2019: $853,452Expenses 2019: $843,233Net Income 2019: $10,2192019Revenue 2020: $750,735Expenses 2020: $797,868Net Income 2020: -$47,1332020Revenue 2021: $995,493Expenses 2021: $847,791Net Income 2021: $147,7022021Revenue 2022: $1,064,644Expenses 2022: $929,390Net Income 2022: $135,2542022Revenue 2023: $1,093,623Expenses 2023: $1,024,336Net Income 2023: $69,2872023Revenue 2024: $1,037,757Expenses 2024: $1,044,234Net Income 2024: -$6,4772024

Highlighted filing

2019

Revenue$853,452
Expenses$843,233
Net Income$10,219
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Jan 8, 2020
Return Version
2018v3.2
Gross Receipts
$853,452
Mission and Program Overview

Mission

To promote quality education, academic excellence and individual achievement for students with learning disabilities.

Balance Sheet Detail
LineBeginningEndChange
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 Categories

AssetBook ValueDepreciationBasis
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--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nanette F ClatterbuckExecutive DiFT$70,000$70,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$134,788
Program Service Revenue
$617,533
Investment Income
$9,014
Other Revenue
$92,117
All Other Contributions
$134,788
Change in Net Assets
$10,219
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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
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
Tuition Deposits$151,599
Credit Cards$3,459
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

MEMBERS

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

The 990 is reviewed by the business manager and board treasurer annually.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is monitored and enforced through an annual board questionnaire and board review.

Form 990, Page 6, Part VI, Line 15A

The executive directors salary is reviewed and voted on by the board of directors on an annual basis.

Form 990, Page 6, Part VI, Line 19

Would be available upon request.

Filing and Contact Details

Filer

Filer Name
Learning Differences Resource Group
EIN
38-2612860
Phone
6167324478
Address
2428 BURTON STREET SE, GRAND RAPIDS, MI 49506
Doing Business As
Lake Michigan Academy

Signing Officer

Name
Douglas Thompson
Title
Treasurer
Phone
6167324478
Signed
2020-01-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas Thompson
Formed
1985
Legal Domicile
Mi
Voting Board Members
11
Independent Board Members
11
Employees
25

Preparer

Firm
The CPA Group Pc
Address
4267 CANAL AVE SW, GRANDVILLE, MI 49418
Preparer
Chad Groggel
Phone
6165380460
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

HELP IN CLASSROOMS

Form 990, Part XI, Line 9

Book / tax depreciation difference 1

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Provide tuition reduction for families with financial hardships.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt330889
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44340
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0125532
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt07816
IRS990/PYOtherExpensesAmt0294715
IRS990/PYOtherRevenueAmt0120209
IRS990/PYProgramServiceRevenueAmt0568470
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IRS990/PYSalariesCompEmpBnftPaidAmt0548201
IRS990/PYTotalExpensesAmt0842916
IRS990/PYTotalRevenueAmt0822027
IRS990/ReconcilationRevenueExpnssAmt010219
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt067977
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0617533
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0874299
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0658321
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01532620
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt04048
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0495633
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0506724
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-18608
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt016254
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt03581
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0353523
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0495633
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0122444
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt026753
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt01937
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0246125
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0353523
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt059335
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0200000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0246125
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt046125
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt04120
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0202347
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0206467
IRS990ScheduleD/LandGrp/BookValueAmt085000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt085000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0506724
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENTS/ENDOWMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0151599
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13459
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TUITION DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARDS
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROVIDE TUITION REDUCTION FOR FAMILIES WITH FINANCIAL HARDSHIPS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0963419
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0506724
IRS990ScheduleD/TotalLiabilityAmt0155058
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0LAKE 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/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HELP IN CLASSROOMS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED BY THE BUSINESS MANAGER AND BOARD TREASURER ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED THROUGH AN ANNUAL BOARD QUESTIONNAIRE AND BOARD REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE DIRECTORS SALARY IS REVIEWED AND VOTED ON BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WOULD BE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOOK / TAX DEPRECIATION DIFFERENCE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01640754
IRS990/TotalAssetsEOYAmt01661646
IRS990/TotalAssetsGrp/BOYAmt01640754
IRS990/TotalAssetsGrp/EOYAmt01661646
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0134788
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013799
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016291
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0813143
IRS990/TotalFunctionalExpensesGrp/TotalAmt0843233

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.34$0.27$2.07$1.04$1.04$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.26$0.37$1.89$1.09$1.02$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.27$0.52$1.74$1.06$0.93$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.50$1.73$1.00$0.85$0.15
2020Detailed filing. Detailed filing data is available for this year.$1.80$0.36$1.44$0.75$0.80$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.66$0.27$1.39$0.85$0.84$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.64$0.23$1.41$0.82$0.84$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.44$0.12$1.31$0.72$0.77$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.39$0.08$1.31$0.68$0.78$0.10
2015Summary only. Only limited summary data is available for this year.$1.41$0.09$1.31$0.63$0.66$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.47$0.11$1.36$0.67$0.60$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.12$1.27$0.59$0.56$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.13$1.24$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.14$1.17$0.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.17$1.18$0.46