Lakes International Language Academy

Education · Forest Lake, Minnesota

246 11Th Ave Se, Forest Lake, MN 55025-1823

EIN: 200393839· Founded: Aug 2004· 22 years active· Filing Year: 2023

Annual Revenue

$18.4M

Total Expenses

$17.7M

Total Assets

$12.7M

Program Spending

12%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$571K

3.2% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$9.5M

Total Payroll

$10.1M

57% of total expenses

Where the Money Goes

12%

Programs: 12%

Payroll: 57%

Other overhead: 89%

Program Revenue$2.0M (11%)

Total Expenses$17.7M (96%)

Payroll$10.1M (57%)

Overhead (non-program)89%

Trust Score Breakdown

Program Spending Ratio

12% of expenses go to programs

40%

Revenue & Stability

$18.4M annual revenue

15%

Executive Compensation

$571K total officer comp (3.2% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$12.7M in assets

10%

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Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.