2026-02-25T08:28:59-06:00 2025-06-30 393647910 WIPFLI ADVISORY LLC 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2024-07-01 831261878 NLAABC NLAA 6519822773 308 15TH STREET FOREST LAKE MN 55025 JEFF BEIMERT CHAIRPERSON 6519822773 2026-02-23 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2026-02-23 2024 2025-03-06 01:10:19Z JEFF BEIMERT 308 15TH STREET FOREST LAKE MN 55025 1682234 0 X WWW.NORTHLAKESACADEMY.ORG/BUILDINGCOMPANY X 2018 MN TO PURCHASE AND LEASE A SCHOOL FACILITY TO NORTH LAKES ACADEMY. 3 3 0 3 0 0 0 0 1560815 1552913 139377 129321 0 0 1700192 1682234 0 0 0 0 0 0 0 0 0 2385018 2467346 2385018 2467346 -684826 -785112 27247857 26637955 33171843 33075737 -5923986 -6437782 TO PURCHASE AND LEASE A SCHOOL FACILITY TO NORTH LAKES ACADEMY. 0 0 2467346 0 1552913 TO PURCHASE AND LEASE A SCHOOL FACILITY TO NORTH LAKES ACADEMY. 2467346 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 0 1 0 0 0 X JEFF BEIMERT 6519822773 308 15TH STREET FOREST LAKE MN 55025 X JEFF BEIMERT CHAIR 1.00 X X 0 0 0 JOSH BEECHER TREASURER 1.00 X X 0 0 0 JILL ANDERSON SECRETARY 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 RENT INCOME 532000 1552913 1552913 1552913 129321 129321 1682234 1552913 0 129321 113023 113023 1378099 1378099 877238 877238 CAPITAL OUTLAY 98986 98986 2467346 2467346 0 0 3372136 3471201 27727007 4560253 23875721 23166754 27247857 26637955 31719217 31635873 607030 508015 845596 931849 33171843 33075737 X -855983 -851953 -8323249 -8853887 3255246 3268058 -5923986 -6437782 27247857 26637955 X -785112 271316 X X 0 1 X 1 0 X X 1 NORTH LAKES ACADEMY 411941981 2 1 914433 0 1 914433 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1201449 1201449 25990663 4548647 21442016 80614 11606 69008 454281 454281 23166754 DUE TO NORTH LAKES ACADEMY 203143 ACCRUED INTEREST ON LONG-TERM DEBT 728706 931849 A CITY OF FOREST LAKE 416005165 345856AY4 2021-05-20 30652829 FINANCING OF 2019 BOND 0 0 0 A 30652829 1809389 552886 8727673 19562881 2019 1 1 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBER OF THE CORPORATION IS NORTH LAKES ACADEMY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER SHALL ELECT THREE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WHICH HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE FORM 990 IS THEN SENT TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT-OF-INTEREST POLICY APPLIES TO THE SCHOOL'S BOARD OF DIRECTORS, COMMITTEES OF THE BOARD, AS WELL AS EMPLOYEES AND PARENTS OF ENROLLED STUDENTS. TRANSACTIONS WHERE A CONFLICT OF INTEREST WAS DETERMINED TO EXIST BY REMAINING INDEPENDENT MEMBERS MAY NOT BE EXECUTED UNLESS ALL OF THE FOLLOWING CONDITIONS ARE MET: (1) THE INTEREST IS DISCLOSED OR KNOWN TO THE MEMBERS OF THE BOARD (OR COMMITTEE THEREOF) (2) THE BOARD OR COMMITTEE APPROVES, AUTHORIZES, OR RATIFIES THE ACTION IN GOOD FAITH (3) THE APPROVAL IS BY A MAJORITY OF MEMBERS (NOT COUNTING THE INTERESTED INDIVIDUAL) AT (4) A MEETING WHERE A QUORUM IS PRESENT (NOT COUNTING THE INTERESTED INDIVIDUAL). THE INDIVIDUAL WITH THE CONFLICT MAY BE PRESENT FOR DISCUSSION TO ANSWER QUESTIONS BUT MAY NOT ADVOCATE FOR THE ACTION TO BE TAKEN OR VOTE ON THE ACTION. THE MINUTES OF THE MEETING DOCUMENT CLEARLY THAT THE PROCEEDINGS RELATED TO CONFLICTS OF INTEREST AND THAT THE POLICY'S REQUIREMENTS HAVE BEEN MET. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THEIR OFFICE. FORM 990, PART XI, LINE 9: BOND REFUNDING ADJUSTMENT 271,316. FORM 990, PART XII, LINE 1: THE ORGANIZATION FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET. NORTH LAKES ACADEMY 308 15TH STREET FOREST LAKE MN 55025 411941981 EDUCATION MN 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0