Nonprofit · EIN 20-2511625
LILA BUILDING COMPANY
Tax-exempt · FOREST LAKE, MN 55025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,797,459 | $2,782,014 | $15,445 | $34,274,449 | $35,620,862 | -$1,346,413 |
| June 30, 2024 | 990 | $2,791,742 | $2,517,596 | $274,146 | $34,767,103 | $36,128,961 | -$1,361,858 |
| June 30, 2023 | 990 | $2,702,983 | $2,972,539 | -$269,556 | $35,095,430 | $36,731,434 | -$1,636,004 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,612,931
- Investment income
- $184,528
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $9,000
- Occupancy
- $560,505
- Depreciation
- $758,570
- Program services (functional)
- $2,761,664
- Management and general (functional)
- $20,350
Balance sheet and other
- Total assets, start of year
- $34,767,103
- Total assets, end of year
- $34,274,449
- Total liabilities, end of year
- $35,620,862
- Net assets, end of year
- -$1,346,413
- Land, buildings and equipment
- $29,010,991
- Gross receipts
- $2,797,459
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2005
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JULIE LUNDGREN | PRESIDENT/LILA CFO Trustee or director, Officer | 4 | $0 | $117,685 | $27,032 |
| JEFF SCHIPPER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DWAYNE GREEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JULIE LUNDGREN | PRESIDENT/LILA CFO Trustee or director, Officer | 5 | $0 | $117,744 | $15,278 |
| JENNIFER MAY | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DWAYNE GREEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JULIE LUNDGREN | PRESIDENT/LILA CFO Trustee or director, Officer | 5 | $0 | $107,565 | $11,457 |
| CAM HEDLUND | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DWAYNE GREEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 246 11TH AVE SE, FOREST LAKE, MN 55025-1823
- Principal officer (990 for 2024)
- JULIE LUNDGREN, 246 11TH AVE SE, FOREST LAKE, MN 55025
- Signed the 990
- JULIE LUNDGREN, PRESIDENT
- Phone
- (651) 252-6705
- Return prepared by
- CREATIVE PLANNING TAX LLC
Mission
TO OWN AND MAINTAIN APPROPRIATE SCHOOL FACILITIES FOR LEASE TO LAKES INTERNATIONAL LANGUAGE ACADEMY IN FOREST LAKE, MINNESOTA.
Program accomplishments
- 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.Expenses $2,761,664 · revenue $2,612,931
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2511625
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $34,274,449
- Income (IRS master file)
- $2,797,459
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,797,459 | $2,782,014 | $34,274,449 | XML |
| 990 | June 2024 | $2,791,742 | $2,517,596 | $34,767,103 | XML |
| 990 | June 2023 | $2,702,983 | $2,972,539 | $35,095,430 | XML |
| 990 | June 2022 | $2,633,654 | $2,789,453 | $35,746,201 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2511625).
Questions about LILA BUILDING COMPANY
- What is the EIN of LILA BUILDING COMPANY?
- The employer identification number (EIN) of LILA BUILDING COMPANY is 20-2511625.
- Is LILA BUILDING COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to LILA BUILDING COMPANY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does LILA BUILDING COMPANY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LILA BUILDING COMPANY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LILA BUILDING COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LILA BUILDING COMPANY?
- The 990 for the year ended June 30, 2025 names JULIE LUNDGREN.
- Who are the officers and directors of LILA BUILDING COMPANY?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does LILA BUILDING COMPANY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,797,459, expenses of $2,782,014 and total assets of $34,274,449 at year end.
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