2024-05-14T12:58:52-05:00 2023-06-30 390747409 REILLY PENNER & BENTON LLP 1233 NORTH MAYFAIR RD SUITE 302 MILWAUKEE WI 532263255 990 2022-07-01 833637703 LAKE COUNTRY CLASSICAL ACADEMY INC LAKE 2622549049 818 W WISCONSIN AVE OCONOMOWOC WI 53118 MARGARET DAIGNEAU CHIEF SCHOOL ADMINISTRATOR 2622549049 2024-05-10 1 MARGARET DAIGNEAU 999009999 1 JASON WRASSE P01455199 4142717800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARGARET DAIGNEAU 818 W WISCONSIN AVE OCONOMOWOC WI 53118 6337973 0 X WWW.LAKECOUNTRYCLASSICAL.ORG X 2020 WI TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A CONTENT-RICH, CLASSICAL EDUCATION IN THE LIBERAL ARTS AND SCIENCES, WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE. LAKE COUNTRY CLASSICAL ACADEMY (LCCA) ADDRESSES THE REAL NEED FOR TUITION-FREE, HIGH-QUALITY, TEACHER-LED EDUCATION, K-12. 6 4 87 55 0 0 5491085 5775240 87976 128567 0 295 15375 207923 5594436 6112025 0 0 0 0 3015838 3573304 0 0 19251 1672839 1855168 4688677 5428472 905759 683553 1636345 3589427 594863 1864392 1041482 1725035 X TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A CONTENT-RICH, CLASSICAL EDUCATION IN THE LIBERAL ARTS AND SCIENCES, WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE. LAKE COUNTRY CLASSICAL ACADEMY (LCCA) ADDRESSES THE REAL NEED FOR TUITION-FREE, HIGH-QUALITY, TEACHER-LED EDUCATION, K-12. 0 0 4636484 128667 LAKE COUNTRY CLASSICAL ACADEMY (LCCA) ADDRESSES THE REAL NEED FOR TUITION-FREE, HIGH-QUALITY, TEACHER-LED EDUCATION, K-12. LCCA, A PUBLIC (TUITION-FREE) CHARTER SCHOOL, CURRENTLY SERVES KINDERGARTEN THROUGH 9TH GRADE STUDENTS. LCCA WILL EXPAND BY ONE GRADE EACH YEAR UNTIL FULLY SERVING GRADES K-12 BY 2024. 4636484 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 20 0 1 87 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 1 0 WI X X LORI KAARI 2622549049 818 W WISCONSIN AVE OCONOMOWOC WI 53118 KRISTINA VOURAX PRESIDENT AND FOUNDER 25.00 X X 0 0 0 BRIAN HASTINGS TREASURER 1.00 X X 0 0 0 STACY WRENN SECRETARY 1.00 X X 0 0 0 TOM BRANIGAN BOARD MEMBER - PART YEAR 0.50 X 0 0 0 TARYN WHIPPLE BOARD MEMBER AND FOUNDER 0.50 X 0 0 0 TIMOTHY PETERSON BOARD MEMBER - PART YEAR 1.00 X 0 0 0 TOM GEHL BOARD MEMBER - PART YEAR 1.00 X 0 0 0 SCOTT WALKER HONORARY BOARD MEMBER 0.50 X 0 0 0 MARGARET DAIGNEAU CHIEF SCHOOL ADMINISTRATOR 40.00 X 118620 0 6570 118620 0 6570 1 0 0 0 VESTA HOUSING SOLUTION LLC 1000 TOWN CENTER STE 975 SOUTHFIELD MI 48075 CONSTRUCTION SERVICES 112763 1 81905 5355713 337622 145576 5775240 STUDENT FEES AND FINES 611600 65236 65236 SCHOOL ACTIVITY INCOME 611600 63331 63331 128567 295 295 370 0 370 370 370 414046 81905 223072 190974 190974 19355 2876 16479 16479 MISCELLANEOUS REVENUE 611600 100 100 100 6112025 128667 0 208118 133559 26712 93491 13356 2687801 2629800 58001 22829 22403 426 490059 482876 7183 239056 196502 42554 22778 22778 124423 21750 102673 141660 104724 36936 6882 6882 17073 1827 15246 115081 11405 103676 794274 776388 17886 3301 3176 125 7286 7286 241686 240050 1636 28614 28614 DUES AND FEES 143990 2069 141921 SCHOOL SUPPLIES 112638 40662 66081 5895 MEDIA & NONCAPITALIZED 67623 56563 11060 LEASED EQUIPMENT 16573 15841 732 11286 3736 7550 5428472 4636484 772737 19251 596082 1680763 11918 0 339657 118867 71170 0 16362 0 808803 247213 571322 561590 2463 7364 29834 1218380 1636345 3589427 258352 280248 56560 71189 50000 0 200000 376675 29951 1136280 594863 1864392 X 968197 1725035 73285 0 1041482 1725035 1636345 3589427 683553 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 757709 239444 518265 39694 3969 35725 11400 3800 7600 561590 SECURITY DEPOSITS 29834 OPERATING LEASE RIGHT OF USE ASSET 1172442 FINANCE LEASE RIGHT OF USE ASSET 16104 1218380 OPERATING LEASE LIABILITY 1119927 FINANCE LEASE LIABILITY 16353 1136280 X 6163848 27500 27500 6136348 -24323 -24323 6112025 5480295 27500 24323 51823 5428472 0 5428472 PART X, LINE 2: BOTH ENTITIES COMPRISING THE ORGANIZATION IS AN EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED EXEMPT-FUNCTION INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION DOES NOT CONSIDER ANY OF ITS SUPPORT AND REVENUES TO BE UNRELATED BUSINESS INCOME, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION HAS IMPLEMENTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH U.S. GAAP. THIS STANDARD DESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNIZING, INTEREST, PENALTIES AND DISCLOSURE REQUIRED. MANAGEMENT OF THE ORGANIZATION EVALUATES THE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, AND CONSULTS WITH OUTSIDE COUNSEL AS DEEMED NECESSARY. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME TAX EXPENSE. THE ORGANIZATION DOES NOT ANTICIPATE ANY INCOME TAX LIABILITY. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -24,323. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 24,323. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION POSTS THEIR RACIALLY NON-DISCRIMINATORY POLICY ON THEIR WEBSITE AS PART OF THE ADMISSIONS AND ENROLLMENT POLICY DOCUMENT. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED FEDERAL, STATE, AND OTHER GOVERNMENT AWARDS FROM THE US DEPARTMENT OF EDUCATION, THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES, WISCONSIN DEPARTMENT OF PUBLIC INSTRUCTION, AND WISCONSIN DEPARTMENT OF ADMINISTRATION. GALA - JUNE 2023 271627 59500 212127 92946 5000 30519 800 8595 GALA - JULY 2022 224324 22405 201919 47628 4200 27699 2000 3685 495951 81905 414046 140574 9200 58218 2800 12280 223072 190974 19355 2833 43 1 1.00000 19355 2833 43 2876 16479 WI 1 0 1 0 LORI KAARI 818 W WISCONSIN AVE OCONOMOWOC WI 53118 0 0 BRIAN HASTINGS BOARD MEMBER TO COVER AND ASSIST THE SCHOOL WITH START-UP COSTS X 25000 0 0 1 1 TIMOTHY PETERSON BOARD MEMBER TO COVER AND ASSIST THE SCHOOL WITH START-UP COSTS X 25000 0 0 1 1 BRIAN HASTINGS BOARD MEMBER 514 INTEREST PAID ON LOAN 0 TIMOTHY PETERSON BOARD MEMBER 711 INTEREST PAID ON LOAN 0 X 1 2169 FMV AT DATE OF DONATION X AUCTION ITEMS 486 140574 FMV X RAFFLE PRIZES 19 2833 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD PROVIDES INFORMATION AND ASSISTANCE WHILE THE FORM IS BEING COMPILED AND REVIEWS THE COMPLETED FORM BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF MANAGEMENT OFFICIALS IS DETERMINED BY THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST. PART XII LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS PREPARED BY REILLY, PENNER & BENTON LLP