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Nlaabc FY2020 filing

Tax-deductible

Forest Lake, MN501(c)(3)Education EIN 83-1261878Revenue $1.8M in FY2020Latest return filed Feb 25, 2026

On file with the IRSForest Lake, MNTax-exempt since Dec 2018Supporting org, Type I — 509(a)(3)

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To purchase and lease a school facility to north lakes academy.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-1261878) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $823K a year · 53% of revenue · last 6 filings
A surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
5.7 mo
of spending, in cash
5.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$22.1M
113% of total assets
Liabilities are 113% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$1.8M
Spent
$2.1M
To programs
100%
Net assets
−$2.5M
By yearFY2020–FY2025
Revenue
$1.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$954K
FY2022$1.6M
FY2023$1.6M
FY2024$1.7M
FY2025$1.7M
Expenses
$2.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$2.7M
FY2022$2.2M
FY2023$2.4M
FY2024$2.4M
FY2025$2.5M
Net assets
−$2.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.5M
FY2021−$4.0M
FY2022−$4.5M
FY2023−$5.4M
FY2024−$5.9M
FY2025−$6.4M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Support Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.1M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Jan Jensen
Business Manager
$0Pt VII · Sec A
Mike Higgins
Board Chair
$0Pt VII · Sec A
Jeff Beimert
Secretary
$0Pt VII · Sec A
Chris Dale
Treasurer
$0Pt VII · Sec A
See Nlaabc executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Buys and leases a school facility for North Lakes Academy.

Questions for Nlaabc

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Your first name shows with your question. Nlaabc answers here, for everyone.

1 program · $2.1M · in their own filed words · FY2019
01

To purchase and lease a school facility to north lakes academy.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-1261878) · Dispute this line
$2.1Mprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.4M
Other incomeLn 4–11$286K
Investment incomeLn 3$58K
Money outPt IX
$2.1M
Ln 25
Programscol B$2.1M
Owns and owesPt X
−$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$1000K
Total assetsLn 16$19.6M
LiabilitiesLn 26$22.1M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$58K
Other incomeLn 4–11$286K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
SavingsLn 2$1000K
Cash and savings togetherLn 1–2$1000K
Land, buildings, equipmentLn 10c$18.6M
Total assetsLn 16$19.6M
LiabilitiesLn 26$22.1M
Net assetsLn 32−$2.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$14.0M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$13.4M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$9.5M$1000K
Land, buildings, equipmentLn 10c$13.3M$18.6M
Total assetsLn 16$22.8M$19.6M
LiabilitiesLn 26$25.0M$22.1M
Net assetsLn 32−$2.2M−$2.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InterestLn 20$1.5M$1.5M
Depreciation, depletion and amortizationLn 22$601K$601K
Total functional expensesLn 25$2.1M$2.1M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 25, 2026 $1.7M$2.5M−$785K−$6.4M 990 PDF
FY2024Filed with the IRS Apr 22, 2025 $1.7M$2.4M−$685K−$5.9M 990 PDF
FY2023Filed with the IRS Mar 29, 2024 $1.6M$2.4M−$778K−$5.4M 990 PDF
FY2022Filed with the IRS Mar 27, 2023 $1.6M$2.2M−$592K−$4.5M 990 PDF
FY2021Filed with the IRS May 16, 2022 $954K$2.7M−$1.8M−$4.0M 990 PDF
FY2020 ViewingFiled with the IRS Feb 23, 2021 $1.8M$2.1M−$326K−$2.5M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $1,789,199 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$1,445,295
I-10 Investment incomePrior year $82,190$57,904
I-11 Other revenuePrior year $0$286,000
I-12 Total revenuePrior year $82,190$1,789,199
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,268,264$2,114,858
I-18 Total expensesPrior year $2,268,264$2,114,858
I-19 Revenue less expensesPrior year −$2,186,074−$325,659
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,789,199 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,445,295$1,445,295
VIII-3 Investment incomeExcluded from tax $57,904$57,904
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $286,000$286,000
VIII-12 Total revenueRelated to mission $1,445,295 · Unrelated business $0 · Excluded from tax $343,904$1,789,199
Part IX · Statement of functional expenses $2,114,858 across 2 lines filed
IX-20 InterestPrograms $1,514,319$1,514,319
IX-22 Depreciation, depletion and amortizationPrograms $600,539$600,539
IX-25 Total functional expensesPrograms $2,114,858 · Management $0 · Fundraising $0$2,114,858
Part X · Balance sheet $19,601,840 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $9,527,670$999,822
X-10c Land, buildings and equipment, netStart of year $13,280,339$18,602,018
X-16 Total assetsStart of year $22,808,009$19,601,840
X-17 Accounts payable and accrued expensesStart of year $3,220,382$0
X-20 Tax-exempt bond liabilitiesStart of year $21,250,000$14,000,000
X-23 Secured mortgages and notes payable$7,080,041
X-25 Other liabilitiesStart of year $523,701$1,033,532
X-26 Total liabilitiesStart of year $24,994,083$22,113,573
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year −$2,186,074−$2,511,733
X-31 Retained earnings or endowmentStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$2,186,074−$2,511,733
X-33 Total liabilities and net assetsStart of year $22,808,009$19,601,840
Part XI · Reconciliation of net assets −$2,511,733 net assets at year end
XI-1 Total revenue$1,789,199
XI-2 Total expenses$2,114,858
XI-3 Revenue less expenses−$325,659
XI-4 Net assets at start of year−$2,186,074
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,511,733

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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