Organizations Filed Purposes:
TO OWN AND MAINTAIN APPROPRIATE SCHOOL FACILITIES FOR LEASE TO LAKES INTERNATIONAL LANGUAGE ACADEMY IN FOREST LAKE, MINNESOTA.
TO MANAGE SCHOOL BUILDING(S) AND PROPERTY LEASED TO LAKES INTERNATIONAL LANGAUAGE ACADEMY.
SCHOOL LEASE: LILA BUILDING COMPANY LEASED THREE BUILDINGS TO LAKES INTERNATIONAL LANGUAGE ACADEMY: (1) THE ORIGINAL 68,000 S.F. PROPERTY AT 246 11TH AVE SE (LOWER SCHOOL), (2) 21,000 S.F. AT 121 11TH AVE SE (ANNEX), AND (3) 94,185 S.F. AT 19850 FENWAY AVE N (UPPER SCHOOL), ALL IN FOREST LAKE, MN. THE LBC HAS TWO SETS OF BONDS PAYABLE AT THIS TIME. THE 2014 SERIES BONDS REFINANCED THE 2006 BONDS AND FUNDED THE PURCHASE OF LAND AND THE CONSTRUCTION OF THE 40,000 S.F. UPPER SCHOOL. THE 2019 SERIES BONDS FUNDED THE EXPANSION BUILDINGS 2 AND 3 TO THEIR CURRENT SIZES. AS PART OF THE EXPANSION OF BUILDING 2, THE SINGLE FAMILY HOME AT 107 11TH AVE SE, FOREST LAKE, OWNED BY THE LILA BUILDING COMPANY, WAS RAZED AND THE TWO PROPERTIES COMBINED. OCCUPANCY GRANTED IN OCTOBER 2019 FOR BUILDING 2 EXPANSION, AND IN JANUARY 2020 FOR BUILDING 3 EXPANSION. THE EXPANSIONS ALLOWED CAPACITY FOR THE SCHOOL TO HAVE A FULL PROGRAM FROM GRADES PRESCHOOL THROUGH 12. THE BUILDING COMPANY HAS NO PAID EMPLOYEES AND APPROXIMATELY 10 VOLUNTEERS: THOSE WHO SERVE ON ITS BOARD, HELP REVIEW THE TAX FILING, AND LILA ADMINISTRATORS.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Jeaneen Callahan | SECRETARY | 1 | $0 |
| Jeffrey Schipper | TREASURER | 1 | $0 |
| Julie Lundgren | PRESIDENT | 4 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202130999349300408_public.xml