Civic Intelligence

Isla Affiliated Building Company

990 • Fiscal year 2018 • EIN 90-1019537

Jul 01, 2017 to Jun 30, 2018 • Filed on May 17, 2019

Organization Profilewww.isla-academy.org
5959 Shady Oak Road SouthMinnetonka, MN 55343

(952) 746-6020

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.90x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

8.08x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

47th percentile

0.3%

Faster asset growth than 47% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

57th percentile

6.8%

Faster revenue growth than 57% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$4,460,558

Up $12,168 (+0.3%) from 2017

Net Assets

Up

$466,619

Up $157,140 (+51%) from 2017

Liabilities

Down

$3,993,939

Down $144,972 (-3.5%) from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin85th percentile

Revenue

Up

$494,099

Up $31,283 (+6.8%) from 2017

Expenses

Down

$336,959

Down $12,419 (-3.6%) from 2017

Net Income

Up

$157,140

Up $43,702 (+39%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$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

2018

Assets$4,460,558
Liabilities$3,993,939
Net Assets$466,619
Open 2018 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$494,099
Expenses$336,959
Net Income$157,140
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 17, 2019
Return Version
2017v2.3
Gross Receipts
$494,099
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,220,331$4,125,014▼ $95,317
Cash and Non-Interest-Bearing Accounts$228,059$335,544▲ $107,485
Cap Stk Tr Prin Current Funds$210,366$320,238▲ $109,872
Pd in Cap Srpls Land Bldg Eqp Fund$99,113$146,381▲ $47,268
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$4,448,390$4,460,558▲ $12,168
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,121,218$3,978,633▼ $142,585
Accounts Payable and Accrued Expenses$17,693$15,306▼ $2,387
Total Liabilities$4,138,911$3,993,939▼ $144,972
Net Assets / Fund Balance
Total Net Assets Fund Balance$309,479$466,619▲ $157,140
Total Liabilities and Net Assets / Fund Balance$4,448,390$4,460,558▲ $12,168

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,510,014$349,496$2,859,510
Land$1,615,000-$1,615,000
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Maria CisnerosPresident
Tom SchmidtSecretary
Michel RagotTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$494,099
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$157,140

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$494,099
Revenue Not Reported on Form 990
$3,252,708
Other Revenue Adjustments
$494,099
Total Revenue per Audited Statements
$3,252,708
Total Revenue per Form 990
$494,099
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$336,959
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$188,672--$188,672
Depreciation Depletion$95,317--$95,317
Occupancy$37,904--$37,904
Insurance$10,091--$10,091
Fees for Services Other$4,975--$4,975
Total Functional Expenses$336,959$0$0$336,959

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Form 990$3,774,764
Total Expenses per Audited Statements$3,617,624
Expenses Not Reported on Financial Statements$494,099
Other Expense Adjustments$494,099
Total Expenses per Form 990$336,959
Expenses per Audited Statements$-157,140
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
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 has no 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 review it before it is signed by the President.”

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

“Each director annually signs a statement 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
5959 Shady Oak Road South, Minnetonka, MN 55343

Signing Officer

Name
Maria Cisneros
Title
Current Board Chair
Phone
6128016572
Signed
2019-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maria Cisneros
Formed
2013
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Malloy Montague Karnowski Radosevich
Address
5353 Wayzata Blvd Ste 410, Minneapolis, MN 55416
Preparer
Thomas A Karnowski
Phone
9525450424
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The Board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“The Building Company is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3), and is subject to tax on income from any unrelated business. The Building Company adopted the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The Building Company has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Building Company believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse affect on their respective financial condition, results of operation or cash flows. Accordingly, the Building Company has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2018.”

Part XI, Line 2D - Other Adjustments:

“Revenue reported by ISLA 3,252,708.”

Part XI, Line 4B - Other Adjustments:

“Rent received from ISLA 494,099.”

Part XII, Line 2D - Other Adjustments:

“Expenses reported by ISLA 3,774,764.”

Part XII, Line 4B - Other Adjustments:

“Rent paid by ISLA 494,099.”

Raw XML Appendix390 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt017693
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt015306
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To own and operate a school building and property for lease by International Spanish Language Academy, a Minnesota Charter School.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Stenmark Financial Services
IRS990/BooksInCareOfDetail/PhoneNum09527670207
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0140 W 98th St Ste 114
IRS990/BooksInCareOfDetail/USAddress/CityNm0Bloomington
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055420
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0210366
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0320238
IRS990/CashNonInterestBearingGrp/BOYAmt0228059
IRS990/CashNonInterestBearingGrp/EOYAmt0335544
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0336959
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0494099
IRS990/CYRevenuesLessExpensesAmt0157140
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0336959
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0494099
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt095317
IRS990/DepreciationDepletionGrp/TotalAmt095317
IRS990/Desc0To own and operate a school building and property for lease by International Spanish Language Academy, a Minnesota Charter School.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0336959
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt04975
IRS990/FeesForServicesOtherGrp/TotalAmt04975
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0Maria Cisneros
IRS990/Form990PartVIISectionAGrp/PersonNm1Tom Schmidt
IRS990/Form990PartVIISectionAGrp/PersonNm2Michel Ragot
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0494099
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt010091
IRS990/InsuranceGrp/TotalAmt010091
IRS990/InterestGrp/ProgramServicesAmt0188672
IRS990/InterestGrp/TotalAmt0188672
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0349496
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04220331
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04125014
IRS990/LandBldgEquipCostOrOtherBssAmt04474510
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To own and operate a school building and property for lease by International Spanish Language Academy, a Minnesota Charter School.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04121218
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03978633
IRS990/NetAssetsOrFundBalancesBOYAmt0309479
IRS990/NetAssetsOrFundBalancesEOYAmt0466619
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt037904
IRS990/OccupancyGrp/TotalAmt037904
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt099113
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0146381
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Maria Cisneros
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0ISLA ABC - RENT INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0494099
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0494099
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0349378
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0462816
IRS990/PYRevenuesLessExpensesAmt0113438
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0349378
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0462816
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0157140
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0494099
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0010872726
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0International Spanish Language Academy
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02510014
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0349496
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02859510
IRS990ScheduleD/ExpensesNotReportedAmt03774764
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0494099
IRS990ScheduleD/ExpensesSubtotalAmt0-157140
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01615000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01615000
IRS990ScheduleD/OtherExpensesIncludedAmt03774764
IRS990ScheduleD/OtherExpensesNotIncludedAmt0494099
IRS990ScheduleD/OtherRevenueAmt03252708
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0494099
IRS990ScheduleD/RevenueNotReportedAmt03252708
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0494099
IRS990ScheduleD/RevenueSubtotalAmt00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Building Company is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3), and is subject to tax on income from any unrelated business. The Building Company adopted the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The Building Company has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Building Company believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse affect on their respective financial condition, results of operation or cash flows. Accordingly, the Building Company has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2018.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Revenue reported by ISLA 3,252,708.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rent received from ISLA 494,099.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Expenses reported by ISLA 3,774,764.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Rent paid by ISLA 494,099.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04125014
IRS990ScheduleD/TotalExpensesPerForm990Amt0336959
IRS990ScheduleD/TotalRevenuePerForm990Amt0494099
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03252708
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03617624
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 has no 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 review it before it is signed by the President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Each director annually signs a statement 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 Board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant annually. This 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/PublicCharityStatusTxt0170(b)(1)(A)(ii)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05959 Shady Oak Road S
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Minnetonka
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055343
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0494099
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Lease Agreement
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0International Spanish Language Academy
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04448390
IRS990/TotalAssetsEOYAmt04460558
IRS990/TotalAssetsGrp/BOYAmt04448390
IRS990/TotalAssetsGrp/EOYAmt04460558
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0336959
IRS990/TotalFunctionalExpensesGrp/TotalAmt0336959
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04138911
IRS990/TotalLiabilitiesEOYAmt03993939
IRS990/TotalLiabilitiesGrp/BOYAmt04138911
IRS990/TotalLiabilitiesGrp/EOYAmt03993939
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0309479
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0466619
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0336959
IRS990/TotalProgramServiceRevenueAmt0494099
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0494099
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0494099
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04448390
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04460558
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05959 Shady Oak Road South
IRS990/USAddress/CityNm0Minnetonka
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055343
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.isla-academy.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Maria Cisneros
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Current Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum06128016572
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ISLA Affiliated Building Company
ReturnHeader/Filer/BusinessNameControlTxt0ISLA
ReturnHeader/Filer/EIN0901019537
ReturnHeader/Filer/PhoneNum09527466020
ReturnHeader/Filer/USAddress/AddressLine1Txt05959 Shady Oak Road South
ReturnHeader/Filer/USAddress/CityNm0Minnetonka
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055343
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0827F9987C2616201840EC608C8F144592BB8522A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BF4D7B5D5DA3882B398E8E353D5D6C9C75DB51EA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0174.141.196.58
ReturnHeader/FilingSecurityInformation/IPDt02019-05-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:40:23
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411690382
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Malloy Montague Karnowski Radosevich
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05353 Wayzata Blvd Ste 410
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055416
ReturnHeader/PreparerPersonGrp/PhoneNum09525450424
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas A Karnowski
ReturnHeader/ReturnTs02019-05-17T11:10:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,460,558
Liabilities
$3,993,939
Net assets
$466,619
Revenue
$494,099
Expenses
$336,959
Net income
$157,140
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
2018Detailed filing. Detailed filing data is available for this year.$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