Civic Intelligence

Friends of Wla

EIN 85-1396456 • 501(c)3 • Woodbury, MN

Profile

To support the mission and vision of woodbury leadership academy through the ownership of real property.

8089 Globe DriveWoodbury, MN 55125

wlamn.org

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.94x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

18.14x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

9th percentile

-24%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

13th percentile

$109,513

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

28th percentile

-0.6%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

1.2%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$25,944,041

Down $144,931 (-0.6%) from 2023

Liabilities

Up

$24,428,599

Up $176,440 (+0.7%) from 2023

Net Assets

Down

$1,515,442

Down $321,371 (-17%) from 2023

Revenue

Up

$1,346,912

Up $16,372 (+1.2%) from 2023

Expenses

Up

$1,668,283

Up $522,983 (+46%) from 2023

Net Income

Down

-$321,371

Down $506,611 (-273%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2021: $25,796,600Liabilities 2021: $24,078,654Net Assets 2021: $1,717,9462021Assets 2022: $27,072,559Liabilities 2022: $25,420,986Net Assets 2022: $1,651,5732022Assets 2023: $26,088,972Liabilities 2023: $24,252,159Net Assets 2023: $1,836,8132023Assets 2024: $25,944,041Liabilities 2024: $24,428,599Net Assets 2024: $1,515,4422024

Highlighted filing

2024

Assets$25,944,041
Liabilities$24,428,599
Net Assets$1,515,442

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $2,950,011Expenses 2021: $1,232,065Net Income 2021: $1,717,9462021Revenue 2022: $1,075,617Expenses 2022: $1,141,990Net Income 2022: -$66,3732022Revenue 2023: $1,330,540Expenses 2023: $1,145,300Net Income 2023: $185,2402023Revenue 2024: $1,346,912Expenses 2024: $1,668,283Net Income 2024: -$321,3712024

Highlighted filing

2024

Revenue$1,346,912
Expenses$1,668,283
Net Income-$321,371

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 7, 2025
Return Version
2023v6.0
Gross Receipts
$1,346,912
Mission and Program Overview

Mission

To support the mission and vision of woodbury leadership academy through the ownership of real property.

To purchase, own, construct or lease a public schoolhouse to woodbury leadership academy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,010,307$23,548,901▼ $461,406
Savings and Temporary Cash Investments$2,078,665$2,395,140▲ $316,475
Rtn Earn Endowment Incm Other Fnds$1,836,813$1,515,442▼ $321,371
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$26,088,972$25,944,041▼ $144,931
Liabilities
Tax Exempt Bond Liabilities$23,734,954$23,527,098▼ $207,856
Other Liabilities$78,130$465,138▲ $387,008
Accounts Payable and Accrued Expenses$439,075$436,363▼ $2,712
Total Liabilities$24,252,159$24,428,599▲ $176,440
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,836,813$1,515,442▼ $321,371
Total Liabilities and Net Assets / Fund Balance$26,088,972$25,944,041▼ $144,931

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,217,401$1,015,710$20,233,111
Land$4,331,500-$4,331,500
Compensation and Service Providers

Employees

NameTitleOtherTotal
Ben BroderickChair/teacher$109,513$109,513
Ashley BarthelTreasurer/teacher$60,903$60,903

Board Members and Trustees

NameTitle
Diane ThiegsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,253,725
Investment Income
$93,187
Other Revenue
$0
Change in Net Assets
$-321,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,668,283
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$819,870--$819,870
Depreciation Depletion$461,406--$461,406
Fees for Services Accounting$12,250--$12,250
Insurance$10,021--$10,021
Fees for Services Other$9,861--$9,861
Fees for Services Legal$2,033--$2,033
Occupancy$892--$892
Other Expenses$300--$300
Total Functional Expenses$1,668,283$0$0$1,668,283
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
Due to Academy$465,138

Bond Issues

BondIssuerIssuedIssue PricePurpose
CCity of Woodbury Minnesota2021-05-26$8,606,839CAPITAL EXPENDITURES
BCity of Woodbury Minnesota2021-05-26$5,809,082CAPITAL EXPENDITURES
DCity of Woodbury Minnesota2021-05-26$5,755,690CAPITAL EXPENDITURES
ACity of Woodbury Minnesota2021-05-26$2,963,273CAPITAL EXPENDITURES

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$8,606,839--$140,338
B$5,809,082--$94,719
D$5,755,690--$5,746
A$2,963,273$2,229,182-$48,317

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole member of the organization is woodbury leadership academy.

Form 990, Part VI, Section A, Line 7A

The board of directors of the sole member has the power to remove or appoint directors of the organization.

Form 990, Part VI, Section A, Line 7B

The sole member may alter or repeal the bylaws of the organization.

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act on behalf of the governing board.

Form 990, Part VI, Section B, Line 11B

A draft of form 990 is reviewed by management prior to providing to the board for approval and signature.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d).

Filing and Contact Details

Filer

Filer Name
Friends of Wla
EIN
85-1396456
Phone
6515712100
Address
8089 GLOBE DRIVE, WOODBURY, MN 55125

Signing Officer

Name
Ben Broderick
Title
Board Chair
Phone
6515712100
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Broderick
Formed
2021
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
5

Preparer

Firm
Creative Planning Tax LLC
Address
100 E PARK AVE STE 300, WATERLOO, IA 50703
Preparer
Michelle Hekel
Phone
3192346885
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The charter school is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and similar state income tax laws. The organization is not a private foundation and contributions to the charter school qualify as a charitable tax deduction by the contributor. The organization has evaluated and determined that there are no uncertain tax positions as of june 30, 2024. The association's tax returns are subject to possible examination by the taxing authorities.

Raw XML AppendixShowing 400 of 528 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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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd30
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd30
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd30
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd30
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd21
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd31
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd30
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd21
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd31
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02021-05-26
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12021-05-26
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt22021-05-26
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt32021-05-26
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd3D
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0979134AS2
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum1979134AT0
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum2979134AU7
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum3979134AV5
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt02963273
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt15809082
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt28606839
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt35755690
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0CITY OF WOODBURY MINNESOTA
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1CITY OF WOODBURY MINNESOTA
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt2CITY OF WOODBURY MINNESOTA
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt3CITY OF WOODBURY MINNESOTA
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CAPITAL EXPENDITURES
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1CAPITAL EXPENDITURES
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc2CAPITAL EXPENDITURES
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc3CAPITAL EXPENDITURES
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd20
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd30
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd20
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd30
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd20
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd30
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd3D
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd20
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd30
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd20
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd30
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd20
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd30
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd11
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd21
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd31
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd21
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd31
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd3D
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt02365307
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt14636855
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt26870047
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd21
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd31
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0152862
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt1299664
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt2443987
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt3296909
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt048317
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt194719
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt2140338
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt35746
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt02229182
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd20
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd30
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd21
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd31
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt02963273
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt15809082
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt28606839
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt35755690
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt0597965
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt11172227

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