Form 990, Page 6, Part VI, Line 6
“MEMBERS”
990 • Fiscal year 2023 • EIN 38-2612860
Scores are not available for this record yet.
Assets
Down$2,260,892
Down $4,584 (-0.2%) from 2022
Net Assets
Up$1,890,042
Up $147,503 (+8.5%) from 2022
Liabilities
Down$370,850
Down $152,087 (-29%) from 2022
Revenue
Up$1,093,623
Up $28,979 (+2.7%) from 2022
Expenses
Up$1,024,336
Up $94,946 (+10%) from 2022
Net Income
Down$69,287
Down $65,967 (-49%) from 2022
To promote quality education, academic excellence and individual achievement for students with learning disabilities.
To transform lives by empowering students with learning differences to achieve their full potential.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $853,783 | $813,953 | ▼ $39,830 |
| Cash and Non-Interest-Bearing Accounts | $669,067 | $596,016 | ▼ $73,051 |
| Accounts Receivable | $55,697 | $66,848 | ▲ $11,151 |
| Total Assets | $2,265,476 | $2,260,892 | ▼ $4,584 |
| Other Assets Total | $686,929 | $784,075 | ▲ $97,146 |
| Liabilities | |||
| Other Liabilities | $447,860 | $324,686 | ▼ $123,174 |
| Unsecured Notes Loans Payable | $52,278 | $35,768 | ▼ $16,510 |
| Accounts Payable and Accrued Expenses | $22,799 | $10,396 | ▼ $12,403 |
| Total Liabilities | $522,937 | $370,850 | ▼ $152,087 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,055,610 | $1,105,967 | ▲ $50,357 |
| Net Assets With Donor Restrictions | $686,929 | $784,075 | ▲ $97,146 |
| Total Net Assets Fund Balance | $1,742,539 | $1,890,042 | ▲ $147,503 |
| Total Liabilities and Net Assets / Fund Balance | $2,265,476 | $2,260,892 | ▼ $4,584 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $530,536 | $673,369 | $1,203,905 |
| Leasehold Improvements | $197,397 | $144,317 | $341,714 |
| Equipment | $1,020 | $205,447 | $206,467 |
| Land | $85,000 | - | $85,000 |
| Other Assets Org | $784,075 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2023 | $686,929 | $50,000 | ▲ $53,209 | - | $784,075 |
| 2022 | $786,093 | $50,000 | ▼ $117,574 | $25,000 | $686,929 |
| 2021 | $591,678 | $50,248 | ▲ $149,731 | - | $786,093 |
| 2020 | $506,724 | $55,023 | ▲ $39,496 | $4,968 | $591,678 |
| 2019 | $495,633 | $50,000 | ▼ $18,608 | $16,254 | $506,724 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Nanette F Clatterbuck | Executive Di | FT | $70,000 | $70,000 |
| Name | Title |
|---|---|
| Fred Burkhart | Chair |
| David Weinandy | Vice-chairpe |
| Ben Wieringa | Member |
| Diane Wendover Vallilee | Member |
| Lindsey Lopez | Member |
| Lynn Baker | Member |
| Moira Wessell | Member |
| Robert Sweezie | Member |
| Robert Woodhouse Jr | Member |
| Scott Linder | Member |
| Brandon Potts | Secretary |
| Matthew Cole | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $666,032 |
| Other Expenses | $358,304 |
| Total Fundraising Expense | $29,866 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $502,466 | - | - | $502,466 |
| Occupancy | $143,473 | - | - | $143,473 |
| Current Officers, Directors, Trustees, and Key Employees | $70,000 | - | - | $70,000 |
| Other Employee Benefits | $49,015 | - | - | $49,015 |
| Payroll Taxes | $44,551 | - | - | $44,551 |
| Depreciation Depletion | $40,627 | - | - | $40,627 |
| Advertising | - | - | $29,866 | $29,866 |
| Office Expenses | $21,548 | - | - | $21,548 |
| All Other Expenses | $19,114 | $94 | - | $19,208 |
| Fees for Services Accounting | - | $19,035 | - | $19,035 |
| Insurance | $15,106 | - | - | $15,106 |
| Interest | $13,895 | - | - | $13,895 |
| Other Expenses | $8,276 | - | - | $8,276 |
| Fees for Service Investment Mgmnt Fees | $6,063 | - | - | $6,063 |
| Fees for Services Legal | - | $1,000 | - | $1,000 |
| Total Functional Expenses | $974,341 | $20,129 | $29,866 | $1,024,336 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Unearned Tuition | $318,423 |
| Security Deposit | $3,921 |
| Credit Cards | $2,280 |
| Student Store Deposits | $62 |
“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”
“To transform lives by empowering students with learning differences to achieve their full potential”
“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/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 502466 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 502466 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 44551 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 44551 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | MATTHEW COLE |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611600 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 611600 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 611600 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 611600 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 4 | 611600 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | TUITION FT |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | TUTORING INCOME (TURNING PAGE |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | MID YEAR ENROLLMENT |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | SUMMER PROGRAM TUITION |
| IRS990/ProgramServiceRevenueGrp/Desc | 4 | ORTON-GILLINGHAM TRAINING |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 668796 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 80511 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 32639 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 13225 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 4 | 12850 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 668796 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 80511 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 32639 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 13225 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 12850 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | TO TRANSFORM LIVES BY EMPOWERING STUDENTS WITH LEARNING DIFFERENCES TO ACHIEVE THEIR FULL POTENTIAL |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 0 | 110627 |
| IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt | 0 | 70184 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 193973 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 8906 |
| IRS990/PYOtherExpensesAmt | 0 | 345423 |
| IRS990/PYOtherRevenueAmt | 0 | 57025 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 804740 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 135254 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 583967 |
| IRS990/PYTotalExpensesAmt | 0 | 929390 |
| IRS990/PYTotalRevenueAmt | 0 | 1064644 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 69287 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 809871 |
| 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 | 530536 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 673369 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1203905 |
| IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 6063 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 686929 |
| IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt | 0 | 50000 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 784075 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 53209 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 6590 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 786093 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt | 0 | 50000 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 686929 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | -117574 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 25000 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 5564 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 591678 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt | 0 | 50248 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 786093 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 149731 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 4598 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 506724 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt | 0 | 55023 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 591678 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 39496 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 4968 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 4048 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 495633 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt | 0 | 50000 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 506724 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | -18608 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 16254 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | false |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 1020 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 205447 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 206467 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 85000 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 85000 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 197397 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 144317 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 341714 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 784075 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | INVESTMENTS/ENDOWMENT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 318423 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 3921 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 2280 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 62 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | UNEARNED TUITION |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | SECURITY DEPOSIT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | CREDIT CARDS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | STUDENT STORE DEPOSITS |
| 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 | 813953 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 784075 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 324686 |
| 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. |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.