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Nonprofiteer
← LAKE COUNTY COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by LAKE COUNTY COMMUNITY FOUNDATION.

Totals

Total revenue
$3,770,565
Total expenses
$2,823,875
Contributions and grants received
$3,263,142
Grants paid
$1,541,907
Program service revenue
$243,029
Investment income
$264,394
Other revenue
$0
Total assets, end of year
$25,353,374
Total liabilities, end of year
$284,980
Net assets or fund balances, end of year
$25,068,394
Program services expenses (Part IX)
$2,152,376
Management and general expenses
$426,124
Fundraising expenses
$245,375
Program service expenses (Part III)
$2,152,376

Program services were 76.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,263,142

  • 1g · Noncash contributions included above

    $61,288

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $186,854 · related or exempt $186,854

  • 2b · Program service revenue: FEE FOR SERVICE

    total $56,175 · related or exempt $56,175

  • 3 · Investment income

    total $554,269 · excluded $554,269

  • 7a · Gross sales of assets other than inventory

    securities $4,759,668

  • 7b · Less cost or other basis and sales expenses

    securities $5,049,543

  • 7c · Gain or loss

    securities -$289,875

  • 7d · Net gain or loss

    total -$289,875 · related or exempt -$289,875

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,541,907 · program services $1,541,907

  • 5 · Compensation of officers, directors and key employees

    total $118,973 · program services $46,400 · management and general $39,261 · fundraising $33,312

  • 7 · Other salaries and wages

    total $456,027 · program services $177,850 · management and general $150,489 · fundraising $127,688

  • 9 · Other employee benefits

    total $69,828 · program services $27,233 · management and general $23,043 · fundraising $19,552

  • 10 · Payroll taxes

    total $50,590 · program services $19,730 · management and general $16,695 · fundraising $14,165

  • 11a · Fees: management

    total $186,854 · program services $186,854

  • 11c · Fees: accounting

    total $18,440 · program services $7,192 · management and general $6,085 · fundraising $5,163

  • 11f · Fees: investment management

    total $134,245 · management and general $134,245

  • 11g · Fees: other

    total $18,484 · program services $7,208 · management and general $6,100 · fundraising $5,176

  • 13 · Office expenses

    total $30,945 · program services $12,069 · management and general $10,211 · fundraising $8,665

  • 16 · Occupancy

    total $19,192 · program services $7,485 · management and general $6,333 · fundraising $5,374

  • 19 · Conferences, conventions and meetings

    total $17,767 · program services $6,929 · management and general $5,863 · fundraising $4,975

  • 22 · Depreciation, depletion and amortization

    total $2,451 · program services $956 · management and general $809 · fundraising $686

  • 23 · Insurance

    total $36,751 · program services $14,333 · management and general $12,128 · fundraising $10,290

  • 24a · Other expenses: PROGRAM EXPENSES

    total $81,843 · program services $81,843

  • 24b · Other expenses: TECHNOLOGY

    total $29,470 · program services $11,493 · management and general $9,725 · fundraising $8,252

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $5,804 · program services $2,264 · management and general $1,915 · fundraising $1,625

  • 24d · Other expenses: BANK AND CC FEES

    total $2,689 · management and general $2,689

  • 24e · All other expenses

    total $1,615 · program services $630 · management and general $533 · fundraising $452

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,148,308 · end of year $2,363,474

  • 3 · Pledges and grants receivable

    beginning of year $63,662 · end of year $18,718

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,663 · end of year $10,927

  • 10a · Land, buildings and equipment: cost or other basis

    $12,250

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,533

  • 10c · Land, buildings and equipment, net

    beginning of year $8,167 · end of year $5,717

  • 11 · Investments: publicly traded securities

    beginning of year $18,239,693 · end of year $22,454,538

  • 15 · Other assets

    beginning of year $17,236 · end of year $500,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,198 · end of year $540

  • 25 · Other liabilities

    beginning of year $235,094 · end of year $284,440

  • 27 · Net assets without donor restrictions

    beginning of year $1,480,506 · end of year $1,624,593

  • 28 · Net assets with donor restrictions

    beginning of year $18,755,931 · end of year $23,443,801

Mission and programs · 2023

Mission

THE LAKE COUNTY COMMUNITY FOUNDATION IS A NONPROFIT CORPORATION LOCATED IN LAKE COUNTY, ILLINOIS THAT WAS ESTABLISHED IN 2003 TO BRING TOGETHER PHILANTHROPISTS AND DONORS, DOLLARS AND IDEAS TO BUILD PERMANENT FUNDS TO BENEFIT LAKE COUNTY, ILLINOIS - TODAY AND FOR GENERATIONS TO COME.

  • THE LAKE COUNTY COMMUNITY FOUNDATION IS A PHILANTHROPIC GRANTMAKING INSTITUTION IN LAKE COUNTY, ILLINOIS THAT GRANTS FUNDS TO CHARITABLE ORGANIZATIONS WITHIN A DESIGNATED CLASS OR PURPOSE.

    Expenses $2,152,376 · Grants $1,541,907 · Revenue $243,029

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steven Bugg

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Malcolm Newsome

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nadine Johnson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tiffany Alexander

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jeanne Ang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Boyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Cowhey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Fox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Gibbons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Topiltzin Gomez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pastor Amy Heinrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kris Hoult

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reginald Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ali O'Brien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Heather Sannes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Sonnier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amber Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Morales

    EXECUTIVE DI

    Total calculated
    $148,422
    From this org
    $118,973
    From related orgs
    $0
    Other
    $29,449
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
3 March 2025
IRS schema version
2023v6.0
Source object
202511349349308796

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.