Lake Country Academy Inc
- Assets
- $6.5m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 72
- Location
- Sheboygan, WI
- Founding
- 01/2001
- Data as of
- 06/2023
- EIN
- 39-1987152
Organization Overview
Lake Country Academy Inc is located in Sheboygan, WI. The organization was established in 2001. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Lake Country Academy Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Country Academy Inc 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 06/2023, Lake Country Academy Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.9m during the year ending 06/2023. While expenses have increased by 4.4% 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 ENHANCE STUDENT EDUCATIONAL OPPORTUNITIES IN SHEBOYGAN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A NON-INSTRUMENTALITY CHARTER SCHOOL THAT IS AFFILIATED WITH THE SHEBOYGAN AREA SCHOOL DISTRICT. THE CHARTER SCHOOL PROVIDES EDUCATIONAL SERVICES TO GRADES 4K THROUGH 8. THEY ARE IN THE TOP 5 ACCORDING TO STUDENT ACHIEVEMENT AS MEASURED ON THE STATE REPORT CARD IN THE SHEBOYGAN AREA SCHOOL DISTRICT.
THE ORGANIZATION OPERATES A FOUNDATION THAT SUPPORTS THE CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Beine Principal | OfficerTrustee | 40 | $78,965 |
Kevin Delray President | OfficerTrustee | 1 | $0 |
Lorraine Marotz Vice President | OfficerTrustee | 1 | $0 |
Scott Gruenke Treasurer | OfficerTrustee | 1 | $0 |
Sharon Zabrowski Secretary | OfficerTrustee | 1 | $0 |
Katie Jensen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,939 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,686 |
| Noncash contributions included in lines 1a–1f | $30,528 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,625 |
| Total Program Service Revenue | $3,780,143 |
| Investment income | $6,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,930 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$28,441 |
| Net Income from Gaming Activities | $20,712 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,884,154 |
| 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. | $261,384 |
| Compensation of current officers, directors, key employees. | $39,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,332,652 |
| Pension plan accruals and contributions | $86,232 |
| Other employee benefits | $254,492 |
| Payroll taxes | $191,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,882 |
| Advertising and promotion | $1,556 |
| Office expenses | $22,352 |
| Information technology | $8,455 |
| Royalties | $0 |
| Occupancy | $84,355 |
| Travel | $83,896 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $136,092 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $208,061 |
| Insurance | $43,545 |
| All other expenses | $21,144 |
| Total functional expenses | $3,916,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $618,805 |
| Savings and temporary cash investments | $443,024 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $425 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,433,585 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,520,839 |
| Accounts payable and accrued expenses | $436,967 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,740,978 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,177,945 |
| Net assets without donor restrictions | $3,277,036 |
| Net assets with donor restrictions | $65,858 |
| 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 | $6,520,839 |