North Lakes Academy
- Assets
- $4.4m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 107
- Location
- Forest Lake, MN
- Founding
- 02/2000
- Data as of
- 06/2022
- EIN
- 41-1941981
Organization Overview
North Lakes Academy is located in Forest Lake, MN. The organization was established in 2000. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, North Lakes Academy employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Lakes 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 06/2022, North Lakes Academy generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $8.5m during the year ending 06/2022. While expenses have increased by 10.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC CHARTER SCHOOL - K-12 EDUCATIONAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTH LAKES ACADEMY CHARTER SCHOOL:WE ARE A PUBLIC CHARTER SCHOOL OFFERING A RIGOROUS LIBERAL ARTS EDUCATION TO STUDENTS IN GRADES K THROUGH 12 ON TWO CAMPUSES - THIS YEAR WE SERVED 605 STUDENTS, IN THE YEAR 21-22. WE ESTIMATE OVER 650 STUDENTS FOR THE YEAR 22-23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cam Stottler Executive Director | Officer | 40 | $95,437 |
Jeffrey Rapp Secretary | OfficerTrustee | 40 | $69,447 |
Laura Delvillar Director | Trustee | 40 | $60,935 |
Michael Poncelet Chair | OfficerTrustee | 40 | $52,773 |
Ann Borgwardt Treasurer | OfficerTrustee | 40 | $50,044 |
Allison Tucker Director | Trustee | 40 | $48,873 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,524,191 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,542,941 |
| Total Program Service Revenue | $139,663 |
| Investment income | $1,012 |
| 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 | $2,025 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,717,810 |
| 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. | $477,213 |
| Compensation of current officers, directors, key employees. | $125,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,653,986 |
| Pension plan accruals and contributions | $294,684 |
| Other employee benefits | $521,412 |
| Payroll taxes | $285,215 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,630 |
| Fees for services: Accounting | $75,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $321,488 |
| Advertising and promotion | $0 |
| Office expenses | $479,241 |
| Information technology | $4,826 |
| Royalties | $0 |
| Occupancy | $189,124 |
| Travel | $112,919 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,725 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,610 |
| Insurance | $24,082 |
| All other expenses | $39,545 |
| Total functional expenses | $8,505,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,034,551 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $525,692 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $292,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,535,010 |
| Total assets | $4,392,458 |
| Accounts payable and accrued expenses | $742,736 |
| Grants payable | $0 |
| Deferred revenue | $495,507 |
| 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 | $28,803 |
| Other liabilities | $6,936,418 |
| Total liabilities | $8,203,464 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$4,116,598 |
| Paid-in or capital surplus, or land, building, or equipment fund | $263,402 |
| Retained earnings, endowment, accumulated income, or other funds | $42,190 |
| Total liabilities and net assets/fund balances | $4,392,458 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Lakes Academy has recieved totaling $703.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $703 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mounds Park Academy St Paul, MN | $30,504,606 | $18,399,398 |
Academy Of Basic Education Inc Brookfield, WI | $40,498,539 | $16,384,035 |
Standing Rock Community Grant School Fort Yates, ND | $17,002,924 | $14,288,847 |
Noble Academy Brooklyn Park, MN | $14,827,066 | $12,839,269 |
Madison Country Day School Inc Waunakee, WI | $14,581,268 | $10,698,482 |
Hope Academy Inc Minneapolis, MN | $26,555,934 | $13,659,656 |
Beacon Academy Crystal, MN | $5,469,878 | $9,230,402 |
North Lakes Academy Forest Lake, MN | $4,392,458 | $7,717,810 |
Academy Of Excellence Milwaukee, WI | $6,806,704 | $9,684,188 |
Crazy Horse School Wanblee, SD | $8,972,836 | $11,288,787 |
Achieve Language Academy St Paul, MN | $7,414,026 | $6,915,145 |
Urban Academy St Paul, MN | $16,445,099 | $8,414,369 |