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Nonprofit · EIN 41-1941981

NORTH LAKES ACADEMY

Tax-exempt · FOREST LAKE, MN 55025

Financials

$8.4M$8.5M2022$8.2M$7.8M2023$8M$7.3M2024
Revenue Expenses · by fiscal year end
Financials of NORTH LAKES ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$7,970,189$7,325,619$644,570$3,311,682$5,232,097-$1,920,415
June 30, 2024990$8,157,374$7,808,907$348,467$3,347,536$6,006,520-$2,658,984
June 30, 2023990$8,444,266$8,542,847-$98,581$3,888,330$6,998,848-$3,110,518
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$7,757,088
of which government grants
$7,730,671
Program service revenue
$143,597
Investment income
$646
Other revenue
$68,858

Expenses

Grants and similar amounts paid
$3,000
Compensation of officers, directors and key employees
$320,864
Other salaries and wages
$2,932,741
Salaries, compensation and benefits (total)
$4,090,900
Professional fundraising fees
$0
Legal fees
$398
Accounting fees
$107,265
Occupancy
$1,720,480
Travel
$124,482
Depreciation
$55,023
Program services (functional)
$6,447,222
Management and general (functional)
$878,397

Balance sheet and other

Total assets, start of year
$3,347,536
Total assets, end of year
$3,311,682
Total liabilities, end of year
$5,232,097
Net assets, end of year
-$1,920,415
Land, buildings and equipment
$190,703
Gross receipts
$7,970,189
Employees
138
Volunteers
34
Year formed
1999
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.

NameTitleHours / weekCompensationOther / benefits
CECELIA DODGEEXECUTIVE DIRECTOR
Officer
40$93,553$1,169
MITCH HOULEDIRECTOR/EDUCATOR
Trustee or director
40$46,809$5,218
MORGAN BORCKDIRECTOR/EDUCATOR
Trustee or director
40$43,414$5,977
ALLISON TUCKERVICE CHAIR/EDUCATOR
Trustee or director, Officer
40$42,358$5,913
JESS KLIMA CHAMBERLANDDIRECTOR/EDUCATOR
Trustee or director
40$41,628$4,592
DOUG HINEBOARD CHAIR/PARENT
Trustee or director, Officer
3$0$0
CHRIS DALETREASURER/COMMUNITY
Trustee or director, Officer
3$0$0
MATT MOLITORDIRECTOR/PARENT/COMMUNITY
Trustee or director, Officer
1$0$0
ABBIE RASMUSSONDIRECTOR/PARENT/COMMUNITY
Trustee or director
1$0$0
990 for the year ended June 30, 2024: 9 people
NameTitleHours / weekCompensationOther / benefits
JEFFREY RAPPSECRETARY/EDUCATOR
Trustee or director, Officer
40$64,275$12,568
LAURA DELVILLARDIRECTOR/EDUCATOR
Trustee or director
40$66,813$5,779
MICHAEL PONCELETCHAIR/EDUCATOR (THRU 1/24)
Trustee or director, Officer
40$61,488$5,562
ALLISON TUCKERVICE CHAIR/EDUCATOR
Trustee or director, Officer
40$39,442$24,066
MITCH HOULEDIRECTOR/EDUCATOR
Trustee or director
40$47,556$10,829
CECELIA DODGEEXECUTIVE DIRECTOR (AS OF 8/23)
Officer
40$15,278$0
DOUG HINEBOARD CHAIR
Trustee or director
3$0$0
CHRIS DALETREASURER (AS OF 3/24)
Trustee or director, Officer
3$0$0
ANNA HANSMANNTREASURER (THRU 3/24)
Trustee or director, Officer
3$0$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
CAM STOTTLEREXECUTIVE DIRECTOR
Officer
40$97,393$26,423
JEFFREY RAPPSECRETARY/EDUCATOR
Trustee or director, Officer
40$65,262$17,141
LAURA DELVILLARDIRECTOR/EDUCATOR
Trustee or director
40$62,220$11,409
MITCH HOULEDIRECTOR/EDUCATOR
Trustee or director
40$49,780$13,904
MICHAEL PONCELETCHAIR/EDUCATOR
Trustee or director, Officer
40$56,027$7,073
ALLISON TUCKERDIRECTOR/EDUCATOR
Trustee or director
40$41,580$17,537
ANNA HANSMANNTREASURER
Trustee or director, Officer
3$0$0
JENNIFER DWELLYDIRECTOR (TERMED 8/22)
Trustee or director
1$0$0
EMMA FISCHERDIRECTOR
Trustee or director
1$0$0
LIZ STENSONDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
308 15TH ST SW, FOREST LAKE, MN 55025-1303
Principal officer (990 for 2024)
MORGAN BORCK, 308 15TH STREET SW, FOREST LAKE, MN 55025
Signed the 990
MORGAN BORCK, BOARD CHAIR
Phone
(651) 982-2688
Return prepared by
WIPFLI ADVISORY LLC

Mission

NORTH LAKES ACADEMY PROVIDES A RIGOROUS, LIBERAL ARTS CURRICULUM IN A SMALL, PERSONALIZED, DEVELOPMENTALLY APPROPRIATE LEARNING ENVIRONMENT AND GRADUATE STUDENTS WHO ARE CONFIDENT, SKILLED SCHOLARS AND CITIZENS.

990 for the year ended June 30, 2025

Program accomplishments

  • NORTH LAKES ACADEMY: WE ARE A PUBLIC CHARTER SCHOOL OFFERING A RIGOROUS LIBERAL ARTS EDUCATION TO STUDENTS IN GRADES K THROUGH 12 ON TWO CAMPUSES. DURING THE 24-25 YEAR, WE SERVED 455 STUDENTS. WE ESTIMATE AROUND 470 STUDENTS FOR THE 25-26 YEAR.
    Expenses $6,447,222 · grants $3,000 · revenue $143,597

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
41-1941981
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2000
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B24)
Assets (IRS master file)
$3,311,682
Income (IRS master file)
$7,970,189

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$7,970,189$7,325,619$3,311,682XML
990June 2024$8,157,374$7,808,907$3,347,536XML
990June 2023$8,444,266$8,542,847$3,888,330XML
990June 2022$7,717,810$8,505,551$4,392,458IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 41-1941981).

Questions about NORTH LAKES ACADEMY

What is the EIN of NORTH LAKES ACADEMY?
The employer identification number (EIN) of NORTH LAKES ACADEMY is 41-1941981.
Is NORTH LAKES ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
Are donations to NORTH LAKES ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NORTH LAKES ACADEMY 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 NORTH LAKES ACADEMY 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 NORTH LAKES ACADEMY 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 NORTH LAKES ACADEMY?
The 990 for the year ended June 30, 2025 names MORGAN BORCK.
Who are the officers and directors of NORTH LAKES ACADEMY?
The 990 for the year ended June 30, 2025 lists 9 people; 5 received compensation from the organization, the highest $93,553 (CECELIA DODGE, EXECUTIVE DIRECTOR).
How much revenue does NORTH LAKES ACADEMY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $7,970,189, expenses of $7,325,619 and total assets of $3,311,682 at year end.

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