LILA BUILDING COMPANY

EIN: 202511625 501(c)(3) Education

FOREST LAKE, MN

Total Revenue
$2,797,459
Total Expenses
$2,782,014
Total Assets
$34,274,449
Net Assets
$-1,346,413
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MN
Principal Officer
JULIE LUNDGREN
Phone
6512526705
Tax Period
2024-07-01 to 2025-06-30

LILA BUILDING COMPANY, founded in 2005, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024.

Mission

TO OWN AND MAINTAIN APPROPRIATE SCHOOL FACILITIES FOR LEASE TO LAKES INTERNATIONAL LANGUAGE ACADEMY IN FOREST LAKE, MINNESOTA.

Program Service Accomplishments

Program 1
Expenses: $2,761,664 Revenue: $2,612,931

LILA BUILDING COMPANY (LBC) LEASES THREE BUILDINGS ON TWO CAMPUSES, LOCATED IN FOREST LAKE, MN, TO LAKES INTERNATIONAL LANGUAGE ACADEMY: - LOWER SCHOOL (68,000 SQ FT) AT 246 11TH AVE SE - KINDER...

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LILA BUILDING COMPANY (LBC) LEASES THREE BUILDINGS ON TWO CAMPUSES, LOCATED IN FOREST LAKE, MN, TO LAKES INTERNATIONAL LANGUAGE ACADEMY: - LOWER SCHOOL (68,000 SQ FT) AT 246 11TH AVE SE - KINDER CENTER (21,000 SQ FT) AT 121 11TH AVE SE - UPPER SCHOOL (94,185 SQ FT) AT 19850 FENWAY AVE N THE LBC HAS TWO ISSUANCES OF FACILITY BONDS CURRENTLY. THE 2014 SERIES REFINANCED THE 2006 BONDS AND FUNDED THE PURCHASE OF LAND AND INITIAL CONSTRUCTION OF UPPER SCHOOL. THE 2019 SERIES BONDS FUNDED THE EXPANSION OF THE KINDER CENTER AND UPPER SCHOOL TO THEIR CURRENT SIZES. THE FACILITY EXPANSIONS ALLOWED THE SCHOOL TO HAVE A FULL PROGRAM FROM GRADES PRESCHOOL THROUGH 12. THE BUILDING COMPANY'S LONG TERM LEASE SCHEDULE ALLOWS THE SCHOOL TO HAVE A STABLE LANDLORD-TENANT ARRANGEMENT WITH THE LBC. THE LBC MAINTAINS THE FACILITIES THROUGH CAPITAL IMPROVEMENTS FROM TIME TO TIME AS NEEDED, FUNDED BY A MONTHLY SET-ASIDE FROM LEASE PAYMENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,612,931
Investment Income $184,528
Other Revenue $0
TOTAL REVENUE $2,797,459

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,761,664
Other Expenses $2,782,014
TOTAL EXPENSES $2,782,014

Year-over-Year Comparison

2024 2023 Change
Revenue $2,797,459 $2,791,742 +0.0%
Expenses $2,782,014 $2,517,596 +0.1%
Net Income $15,445 $274,146 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
10

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$144,717
Total Directors
3
$144,717
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE LUNDGREN PRESIDENT/LILA CFO 4.00
Officer Director
$0 $27,032 $144,717
JEFF SCHIPPER TREASURER 1.00
Officer Director
$0 $0 $0
DWAYNE GREEN SECRETARY 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,797,459 $2,782,014 $34,274,449 $15,445
2024 $2,791,742 $2,517,596 $34,767,103 $274,146
2023 $2,702,983 $2,972,539 $35,095,430 $-269,556
2022 $2,633,654 $2,789,453 $35,746,201 $-155,799
2021 $2,381,410 $2,775,330 $36,236,233 $-393,920
2020 $2,106,280 $2,376,063 $38,174,322 $-269,783
2019 $1,853,670 $2,407,150 $40,441,504 $-553,480
2018 $1,463,480 $1,309,941 $16,937,189 $153,539
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