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Lakes International Language Academy

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (B29) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$18.4M (2023)

Expenses
$17.7M (2023)

Total Assets
$12.7M (2023)

Total Liabilities
$14.8M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,352,789
Expenses
$17,654,729
Net Income
$698,060
Net Assets
-$2,118,012
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,124,384
87.9%
Program Services $2,025,436
11.0%
Investment Income $8,898
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $93,545
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $653
0.0%
Other Revenue $99,873
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $571,240
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $9,502,708
53.8%
Assets/Debt
Total Assets $12,726,091
Total Liabilities $14,844,103
Net Assets -$2,118,012
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Shannon Peterson (Executive Director) $144,151 $0 $15,877
Julie Lundgren (Chief Financial Officer) $107,565 $0 $11,565
Jodell Saint James (Member(resigned 2/8/23)/Teacher) $71,057 $0 $9,519
Jean Woodberry (Member/Teacher) $60,437 $0 $8,611
Jessie Sheldon (Secretary/Teacher) $57,067 $0 $8,323
Kaari Rodriguez (Member/Teacher) $51,437 $0 $8,311
Jennifer May (Vice Chair) $0 $0 $0
Diane Rohan (Member) $0 $0 $0
Corey Purkat (Member) $0 $0 $0
Lindsay Schipper (Member) $0 $0 $0
Erin Ribar (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,574,627
Expenses
$17,496,216
Net Income
$78,411
Net Assets
-$2,983,057
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,774,228
32.9%
Program Services $11,783,330
67.0%
Investment Income $17,069
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $487,340
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $9,075,483
51.9%
Assets/Debt
Total Assets $12,900,821
Total Liabilities $15,883,878
Net Assets -$2,983,057
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Shannon Peterson (Board Member) $143,107 $0 $3,221
Julie Lundgren (Board Member) $96,093 $0 $3,113
Cecilia Delbene (Board Member) $59,586 $0 $3,113
Kaari Rodriguez (Board Member) $57,223 $0 $4,051
Jean Woodberry (Board Member) $55,309 $0 $3,113
Jessie Sheldon (Board Secretary) $52,716 $0 $3,113
Corey Purkat (Board Member) $0 $0 $0
Erin Ribar (Board Member) $0 $0 $0
James Redfield (Board Treasurer) $0 $0 $0
Jennifer May (Board Vice Chair) $0 $0 $0
Mira Norcross (Board Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,744,589
Expenses
$15,973,085
Net Income
-$228,496
Net Assets
-$3,060,457
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,689,343
29.8%
Program Services $11,032,446
70.1%
Investment Income $22,800
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $229,788
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $8,286,436
51.9%
Assets/Debt
Total Assets $12,188,611
Total Liabilities $15,249,068
Net Assets -$3,060,457
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Shannon Peterson (Executive Director) $143,343 $0 $0
Teng Xu (Board Member) $52,648 $0 $0
Francesca Massana Pedrell (Board Member) $51,627 $0 $0
Erin Maher (Board Member) $50,290 $0 $0
Jessie Sheldon (Board Secretary) $49,787 $0 $0
Erin Ribar (Board Member) $0 $0 $0
James Redfield (Board Member) $0 $0 $0
Alex Treanor (Board Treasurer) $0 $0 $0
Jennifer May (Board Vice Chair) $0 $0 $0
Mira Norcross (Board Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,192,241
Expenses
$14,118,961
Net Income
$1,073,280
Net Assets
-$2,099,645
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,091,915
92.8%
Program Services $1,061,775
7.0%
Investment Income $25,370
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,910
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $6,271
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $679,456
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $7,012,798
49.7%
Assets/Debt
Total Assets $12,803,742
Total Liabilities $14,903,387
Net Assets -$2,099,645
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Cam Hedlund (Executive Director (Ex Officio)) $129,861 $0 $1,210
Shannon Peterson (Executive Director (Ex Officio)) $113,369 $0 $13,035
Kathryn Griebel (Director) $109,122 $0 $12,327
Julie Lundgren (Cfo (Ex Officio Member)) $83,168 $0 $10,369
Cecilia Delbene (Vice Chair/Teacher) $50,590 $0 $8,108
Erin Maher (Director) $49,934 $0 $4,477
Teng Xu (Director) $44,168 $0 $7,609
Jessie Sheldon (Director) $42,216 $0 $7,542
Mira Norcross (Board Chair) $0 $0 $0
Jennifer May (Board Secretary) $0 $0 $0
Dwayne Green (Board Treasurer) $0 $0 $0
Alex Treanor (Director) $0 $0 $0
Corey Voss (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,569,360
Expenses
$12,128,250
Net Income
$441,110
Net Assets
-$2,171,989
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,411,780
90.8%
Program Services $1,105,380
8.8%
Investment Income $21,545
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,909
0.1%
Net Fundraising $0
Sales of Assets -$181
Net Inventory Sales $21,927
0.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $445,146
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $5,963,467
49.2%
Assets/Debt
Total Assets $12,955,108
Total Liabilities $15,127,097
Net Assets -$2,171,989
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Cam Hedlund (School Director (Ex Officio Member)) $134,200 $0 $24,404
Julie Lundgren (Cfo (Ex Officio Member)) $72,094 $0 $5,461
Natalie Kainz (Board Member/Teacher) $49,518 $0 $6,640
Maria Velasco Ranz (Board Member/Teacher) $49,155 $0 $6,612
Cecilia Delbene (Vice Chair/Teacher) $46,472 $0 $6,408
Anna Taddei (Board Secretary/Teacher) $36,879 $0 $2,859
Mira Norcross (Board Chair) $0 $0 $0
Dwayne Green (Board Treasurer) $0 $0 $0
Randall Bergman (Board Member) $0 $0 $0
John Bodine (Board Member) $0 $0 $0
Jeaneen Callahan (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,467,634
Expenses
$10,898,184
Net Income
$569,450
Net Assets
-$4,158,499
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,303,971
89.9%
Program Services $1,052,683
9.2%
Investment Income $13,201
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $14,030
0.1%
Net Fundraising $0
Sales of Assets $1,400
0.0%
Net Inventory Sales $31,464
0.3%
Other Revenue $50,885
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $489,489
4.5%
Professional Fundraising Fees $0
Other Salaries and Wages $5,042,265
46.3%
Assets/Debt
Total Assets $13,475,430
Total Liabilities $17,633,929
Net Assets -$4,158,499
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Cam Hedlund (School Director (Ex Officio Member)) $136,580 $0 $23,495
Julie Lundgren (Cfo (Ex Officio Member)) $66,882 $0 $5,135
Cecilia Delbene Elected To Seat Ope (Vice Chair/Teacher) $47,714 $0 $8,497
Yao Hsia (Board Member/Teacher) $46,759 $0 $7,919
Maria Velasco Ranz (Board Member/Teacher) $45,535 $0 $8,258
Angela Ebben (Board Member/Teacher) $39,837 $0 $7,381
Anna Taddei (Board Secretary/Teacher) $35,561 $0 $2,811
Dwayne Green (Board Chair) $0 $0 $0
Randall Bergman (Board Treasurer) $0 $0 $0
John Bodine (Board Member) $0 $0 $0
Cory Voss (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,306,404
Expenses
$9,796,303
Net Income
$510,101
Net Assets
-$2,251,857
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,382,022
91.0%
Program Services $902,495
8.8%
Investment Income $7,800
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $11,539
0.1%
Net Fundraising $0
Sales of Assets -$5,319
Net Inventory Sales $7,867
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $534,654
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,582,151
46.8%
Assets/Debt
Total Assets $13,566,429
Total Liabilities $15,818,286
Net Assets -$2,251,857
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Cam Hedlund (School Director) $121,500 $0 $23,780
Julie Lundgren (Cfo) $60,694 $0 $5,300
Kaari Rodriguez (Board Member/Teacher) $50,400 $0 $7,330
Yao Hsia (Board Member/Teacher) $46,412 $0 $6,380
Jocelyn Hylden (Board Secretary/Teacher) $45,107 $0 $6,259
Roberto Izquierdo (Board Member/Teacher Left 9/2016) $43,332 $0 $3,275
Cecilia Delbene (Board Member/Teacher) $42,217 $0 $6,080
Angela Ebben (Board Member/Teacher) $37,632 $0 $5,754
Mira Norcross (Board Chair) $0 $0 $0
Jeaneen Callahan (Board Vice Chair) $0 $0 $0
Jeffrey Schipper (Board Treasurer) $0 $0 $0
Dwayne Green (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,685,154
Expenses
$8,603,481
Net Income
$81,673
Net Assets
-$761,906
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,781,507
89.6%
Program Services $851,222
9.8%
Investment Income $3,219
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $18,933
0.2%
Net Fundraising $0
Sales of Assets $567
0.0%
Net Inventory Sales $956
0.0%
Other Revenue $28,750
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $470,294
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,619,800
42.1%
Assets/Debt
Total Assets $3,913,124
Total Liabilities $4,675,030
Net Assets -$761,906
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Cam Hedlund (School Director) $128,572 $0 $23,683
Julie Lundgren (Cfo) $55,794 $0 $4,833
Kaari Rodriguez (Board Member/Teacher) $49,896 $0 $8,553
Yao Hsia (Board Member/Teacher) $44,314 $0 $6,489
Jocelyn Hylden (Board Secretary/Teacher) $41,096 $0 $6,589
Hannah Rollwitz (Board Member/Teacher) $38,687 $0 $6,503
Angela Ebben (Board Member/Teacher) $12,133 $0 $2,641
Mira Norcross (Board Chair) $0 $0 $0
Jeaneen Callahan (Board Vice Chair) $0 $0 $0
Jeffrey Schipper (Board Treasurer) $0 $0 $0
Melinda Peterson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,008,511
Expenses
$7,014,767
Net Income
-$6,256
Net Assets
-$814,900
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,316,669
90.1%
Program Services $667,511
9.5%
Investment Income $4,903
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $19,835
0.3%
Net Fundraising $0
Sales of Assets -$407
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $495,353
7.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,903,262
41.4%
Assets/Debt
Total Assets $3,810,103
Total Liabilities $4,625,003
Net Assets -$814,900
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Cam Hedlund (School Director) $125,197 $0 $0
Julie Lundgren (Cfo) $64,294 $0 $6,216
Raul Arroyo (Board Member/Teacher) $53,854 $0 $5,649
Melissa Cuddy (Board Member/Teacher) $47,363 $0 $5,095
Jennifer Muras (Board Vice Chair/Teacher) $41,746 $0 $5,839
Yao Hsia (Board Member/Teacher) $41,146 $0 $4,104
Elizabeth Erin Voss (Board Member) $37,360 $0 $3,874
Hannah Rollwitz (Board Treasurer/Teacher) $35,175 $0 $4,646
Melinda Peterson (Board Member) $1,500 $0 $0
Jeff Moore (Board Chair) $0 $0 $0
Melissa Navratil (Board Secretary) $0 $0 $0
Jennifer Urciaga (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,101,778
Expenses
$6,356,789
Net Income
-$255,011
Net Assets
$2,509,453
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,605,680
91.9%
Program Services $469,951
7.7%
Investment Income $5,872
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $20,275
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $446,347
7.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,763,294
43.5%
Assets/Debt
Total Assets $2,638,959
Total Liabilities $129,506
Net Assets $2,509,453
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cam Hedlund (School Director) $121,933 $0 $23,419
Julie Lundgren (Cfo) $51,812 $0 $4,019
Raul Arroyo (Board Member/Teacher) $46,492 $0 $8,691
Melissa Cuddy (Board Member/Teacher) $44,962 $0 $8,618
Jeff Wittrock (Board Vice Chair/Teacher) $42,744 $0 $8,851
Jennifer Muras (Board Member/Teacher) $41,189 $0 $8,333
Chelsea Volna (Board Member/Teacher) $38,091 $0 $3,599
Mira Norcross (Board Chair) $0 $0 $0
Melissa Navratil (Board Secretary) $0 $0 $0
Jeff Moore (Board Treasurer) $0 $0 $0
Brian Wald (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,722,188
Expenses
$5,548,630
Net Income
$173,558
Net Assets
$2,764,464
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,211,594
91.1%
Program Services $489,497
8.6%
Investment Income $8,196
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $12,716
0.2%
Net Fundraising $0
Sales of Assets $185
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $236,314
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,384,577
43.0%
Assets/Debt
Total Assets $2,945,445
Total Liabilities $180,981
Net Assets $2,764,464

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,251,081
Expenses
$5,046,460
Net Income
$204,621
Net Assets
$2,590,906
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,803,166
91.5%
Program Services $440,555
8.4%
Investment Income $5,937
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,576
0.0%
Net Fundraising $0
Sales of Assets -$1,195
Net Inventory Sales $42
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $428,539
8.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,061,916
40.9%
Assets/Debt
Total Assets $2,754,974
Total Liabilities $164,068
Net Assets $2,590,906

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,877,012
Expenses
$4,760,012
Net Income
$117,000
Net Assets
$2,386,288
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,544,023
93.2%
Program Services $321,372
6.6%
Investment Income $10,820
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,062
0.0%
Net Fundraising $0
Sales of Assets -$265
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $453,135
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,743,195
36.6%
Assets/Debt
Total Assets $2,591,285
Total Liabilities $204,997
Net Assets $2,386,288

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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