Civic Intelligence

Isla Affiliated Building Company

EIN 90-1019537 • 501(c)3 • Minneapolis, MN

Profile

The Affiliated Building Company leases facilities to International Spanish Language Academy, a PreK-5 public charter school. The ABC ensures compliance with statutory requirements in the state of Minnesota.

5350 W 78th StreetMinneapolis, MN 55439

www.isla.school

Siviq Scores

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

Liabilities / Assets

88th percentile

0.82x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

13.52x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

18th percentile

-9.6%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

24th percentile

-2.3%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

12%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$13,007,883

Down $308,407 (-2.3%) from 2023

Liabilities

Down

$10,620,787

Down $232,697 (-2.1%) from 2023

Net Assets

Down

$2,387,096

Down $75,710 (-3.1%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin18th percentile

Revenue

Up

$785,290

Up $84,838 (+12%) from 2023

Expenses

Down

$861,000

Down $128,127 (-13%) from 2023

Net Income

Up

-$75,710

Up $212,965 (+74%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth24th percentile

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

$20M$15M$10M$5.0M$0Assets 2014: $1Liabilities 2014: $02014Assets 2015: $4,472,587Liabilities 2015: $4,405,230Net Assets 2015: $67,3572015Assets 2016: $4,470,520Liabilities 2016: $4,274,479Net Assets 2016: $196,0412016Assets 2017: $4,448,390Liabilities 2017: $4,138,911Net Assets 2017: $309,4792017Assets 2018: $4,460,558Liabilities 2018: $3,993,939Net Assets 2018: $466,6192018Assets 2019: $4,428,296Liabilities 2019: $3,847,258Net Assets 2019: $581,0382019Assets 2020: $4,431,080Liabilities 2020: $3,695,151Net Assets 2020: $735,9292020Assets 2021: $16,438,518Liabilities 2021: $15,835,316Net Assets 2021: $603,2022021Assets 2022: $14,114,690Liabilities 2022: $11,389,695Net Assets 2022: $2,724,9952022Assets 2023: $13,316,290Liabilities 2023: $10,853,484Net Assets 2023: $2,462,8062023Assets 2024: $13,007,883Liabilities 2024: $10,620,787Net Assets 2024: $2,387,0962024

Highlighted filing

2024

Assets$13,007,883
Liabilities$10,620,787
Net Assets$2,387,096
Open 2024 Filing

Operations Trend

Revenue Growth61st percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2014: $3,590Expenses 2014: $3,590Net Income 2014: $02014Revenue 2015: $291,027Expenses 2015: $217,957Net Income 2015: $73,0702015Revenue 2016: $442,380Expenses 2016: $313,696Net Income 2016: $128,6842016Revenue 2017: $462,816Expenses 2017: $349,378Net Income 2017: $113,4382017Revenue 2018: $494,099Expenses 2018: $336,959Net Income 2018: $157,1402018Revenue 2019: $470,124Expenses 2019: $355,705Net Income 2019: $114,4192019Revenue 2020: $497,558Expenses 2020: $342,667Net Income 2020: $154,8912020Revenue 2021: $504,758Expenses 2021: $630,107Net Income 2021: -$125,3492021Revenue 2022: $3,811,283Expenses 2022: $1,689,490Net Income 2022: $2,121,7932022Revenue 2023: $700,452Expenses 2023: $989,127Net Income 2023: -$288,6752023Revenue 2024: $785,290Expenses 2024: $861,000Net Income 2024: -$75,7102024

Highlighted filing

2024

Revenue$785,290
Expenses$861,000
Net Income-$75,710
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,007,883
Liabilities
$10,620,787
Net assets
$2,387,096
Revenue
$785,290
Expenses
$861,000
Net income
-$75,710
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.0$10.6$2.39$0.79$0.86$0.08
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$10.9$2.46$0.70$0.99$0.29
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$11.4$2.72$3.81$1.69$2.12
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$15.8$0.60$0.50$0.63$0.13
2020Summary only. Only limited summary data is available for this year.$4.43$3.70$0.74$0.50$0.34$0.15
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.43$3.85$0.58$0.47$0.36$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.46$3.99$0.47$0.49$0.34$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.45$4.14$0.31$0.46$0.35$0.11
2016Detailed filing. Detailed filing data is available for this year.$4.47$4.27$0.20$0.44$0.31$0.13
2015Summary only. Only limited summary data is available for this year.$4.47$4.41$0.07$0.29$0.22$0.07
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$785,290
Mission and Program Overview

Mission

To own and operate a school building and property for lease by international spanish language academy, a minnesota charter school.

The Affiliated Building Company leases facilities to International Spanish Language Academy, a PreK-5 public charter school. The ABC ensures compliance with statutory requirements in the state of Minnesota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,222,327$12,915,436▼ $306,891
Pd in Cap Srpls Land Bldg Eqp Fund$2,388,074$2,353,680▼ $34,394
Cash and Non-Interest-Bearing Accounts$93,963$92,447▼ $1,516
Rtn Earn Endowment Incm Other Fnds$74,732$68,683▼ $6,049
Cap Stk Tr Prin Current Funds$0$-35,267▼ $35,267
Total Assets$13,316,290$13,007,883▼ $308,407
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,825,985$10,561,756▼ $264,229
Accounts Payable and Accrued Expenses$27,499$59,031▲ $31,532
Total Liabilities$10,853,484$10,620,787▼ $232,697
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,462,806$2,387,096▼ $75,710
Total Liabilities and Net Assets / Fund Balance$13,316,290$13,007,883▼ $308,407

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,364,396$842,336$9,206,732
Land$4,551,040-$4,551,040
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Brian LinnePresident
Rafael IversonSecretary
Ben CollinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$784,992
Investment Income
$298
Other Revenue
$0
Change in Net Assets
$-75,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$861,000
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
Occupancy$19,144$434,571-$453,715
Depreciation Depletion$306,891--$306,891
Fees for Services Other$34,516$31,044-$65,560
Fees for Services Accounting-$17,571-$17,571
Insurance$17,263--$17,263
Total Functional Expenses$377,814$483,186$0$861,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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 building company is International Spanish Language Academy.”

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

“The sole member of the building company is International Spanish Language Academy. The sole member can remove or appoint directors.”

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

“The sole member can remove or appoint directors.”

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

“The affiliated building company does not have any committees with authority to act on behalf of the governing body.”

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

“The Form 990 is prepared by an independent accounting firm. Once the form is completed, the Board of Directors reviews it before it is signed by the President.”

Form 990, Part VI, Section B, line 12C

“Each director annually signs statements which affirms that such person (a) has received a copy of the conflict of interest policy, (b) has read and understands the policy, (c) has agreed to comply with the policy, and (d) understands the organization is charitable and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax exempt purposes.”

Form 990, Part VI, Section C, line 19

“The conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
ISLA Affiliated Building Company
EIN
90-1019537
Phone
9527466020
Address
5350 W 78th Street, Minneapolis, MN 55439

Signing Officer

Name
Ben Collins
Title
President
Phone
9527466020
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Collins
Formed
2013
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
Abdo LLP
Address
5201 Eden Ave Ste 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“The School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2024, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction.”

Raw XML Appendix361 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/FSAuditedInd01
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IRS990/IRPDocumentCnt02
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2024, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The sole member of the building company is International Spanish Language Academy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The sole member of the building company is International Spanish Language Academy. The sole member can remove or appoint directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The sole member can remove or appoint directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The affiliated building company does not have any committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Form 990 is prepared by an independent accounting firm. Once the form is completed, the Board of Directors reviews it before it is signed by the President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Each director annually signs statements which affirms that such person (a) has received a copy of the conflict of interest policy, (b) has read and understands the policy, (c) has agreed to comply with the policy, and (d) understands the organization is charitable and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax exempt purposes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The conflict of interest policy and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0International Spanish Language Academy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0010872726
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Education Services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05350 W 78th Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Minneapolis
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055439
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013316290
IRS990/TotalAssetsEOYAmt013007883
IRS990/TotalAssetsGrp/BOYAmt013316290
IRS990/TotalAssetsGrp/EOYAmt013007883
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0483186
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0377814
IRS990/TotalFunctionalExpensesGrp/TotalAmt0861000
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010853484
IRS990/TotalLiabilitiesEOYAmt010620787
IRS990/TotalLiabilitiesGrp/BOYAmt010853484
IRS990/TotalLiabilitiesGrp/EOYAmt010620787
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02462806
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02387096
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0377814
IRS990/TotalProgramServiceRevenueAmt0784992
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0298
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0784992
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0785290
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013316290
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013007883
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05350 W 78th Street
IRS990/USAddress/CityNm0Minneapolis
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055439
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0https://www.isla.school/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Ben Collins
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09527466020
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ISLA Affiliated Building Company
ReturnHeader/Filer/BusinessNameControlTxt0ISLA
ReturnHeader/Filer/EIN0901019537
ReturnHeader/Filer/PhoneNum09527466020
ReturnHeader/Filer/USAddress/AddressLine1Txt05350 W 78th Street
ReturnHeader/Filer/USAddress/CityNm0Minneapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055439
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411397419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Abdo LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05201 Eden Ave Ste 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Edina
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055436
ReturnHeader/PreparerPersonGrp/PhoneNum09528359090
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steven D Anseth CPA
ReturnHeader/ReturnTs02025-05-15T15:20:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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