Learning Differences Resource Group
- Assets
- $2.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 37
- Location
- Grand Rapids, MI
- Founding
- 05/1986
- Data as of
- 08/2023
- EIN
- 38-2612860
Organization Overview
Learning Differences Resource Group, operating under the name Lake Michigan Academy, is located in Grand Rapids, MI. The organization was established in 1986. As of 08/2023, Lake Michigan Academy employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Michigan Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Lake Michigan Academy generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.0m during the year ending 08/2023. While expenses have increased by 3.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM LIVES BY EMPOWERING STUDENTS WITH LEARNING DIFFERENCES TO ACHIEVE THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TRANSFORM LIVES BY EMPOWERING STUDENTS WITH LEARNING DIFFERENCES TO ACHIEVE THEIR FULL POTENTIAL.
TO TRANSFORM LIVES BY EMPOWERING STUDENTS WITH LEARNING DIFFERENCES TO ACHIEVE THEIR FULL POTENTIAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nanette F Clatterbuck Executive Di | Trustee | 40 | $70,000 |
Lynn Baker Member | Trustee | 1 | $0 |
Fred Burkhart Chair | OfficerTrustee | 2 | $0 |
Matthew Cole Treasurer | OfficerTrustee | 2 | $0 |
Robert Woodhouse Jr Member | Trustee | 1 | $0 |
Scott Linder Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,205 |
| All other contributions, gifts, grants, and similar amounts not included above | $184,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,850 |
| Total Program Service Revenue | $809,871 |
| Investment income | $14,718 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,093,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $502,466 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,015 |
| Payroll taxes | $44,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $19,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,063 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,866 |
| Office expenses | $21,548 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $143,473 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,895 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,627 |
| Insurance | $15,106 |
| All other expenses | $19,208 |
| Total functional expenses | $1,024,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,016 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,848 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $813,953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $784,075 |
| Total assets | $2,260,892 |
| Accounts payable and accrued expenses | $10,396 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $35,768 |
| Other liabilities | $324,686 |
| Total liabilities | $370,850 |
| Net assets without donor restrictions | $1,105,967 |
| Net assets with donor restrictions | $784,075 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,260,892 |