Form 990 for tax year 2024
Filed by COLLEGE OF LAKE COUNTY FOUNDATION.
Totals
- Total revenue
- $8,115,278
- Total expenses
- $6,235,407
- Contributions and grants received
- $7,253,927
- Grants paid
- $6,118,174
- Program service revenue
- $0
- Investment income
- $861,351
- Other revenue
- $0
- Total assets, end of year
- $11,852,030
- Total liabilities, end of year
- $48,105
- Net assets or fund balances, end of year
- $11,803,925
- Program services expenses (Part IX)
- $6,118,174
- Management and general expenses
- $105,885
- Fundraising expenses
- $11,348
- Program service expenses (Part III)
- $6,118,174
Program services were 98.1% 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.
-
1c · Fundraising events
$76,060
-
1f · All other contributions, gifts and grants
$7,177,867
-
1g · Noncash contributions included above
$1,324,224
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $325,805 · excluded $325,805
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $975,085
-
7b · Less cost or other basis and sales expenses
securities $439,539
-
7c · Gain or loss
securities $535,546 · other assets $0
-
7d · Net gain or loss
total $535,546 · excluded $535,546
-
8a · Fundraising events: gross income
$39,496
-
8a · Fundraising events: contributions included on line 1c
$76,060
-
8b · Fundraising events: direct expenses
$39,496
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,118,174 · program services $6,118,174
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: MISCELLANEOUS
total $117,233 · program services $0 · management and general $105,885 · fundraising $11,348
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $2,706,962 · end of year $1,002,004
-
3 · Pledges and grants receivable
beginning of year $687,480 · end of year $2,411,925
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $132 · end of year $3,527
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $7,161,790 · end of year $8,434,574
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $588,954 · end of year $34,085
-
19 · Deferred revenue
beginning of year $24,300 · end of year $14,020
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,335,783 · end of year $1,947,568
-
28 · Net assets with donor restrictions
beginning of year $8,607,327 · end of year $9,856,357
Mission and programs · 2024
Mission
Opening doors to educational opportunity for all of Lake County, Illinois.
Activities or mission (Part I)
The College of Lake County Foundation seeks to be Lake County's first choice educational foundation. Our philanthropic partnerships support the College's mission to deliver high quality, accessible learning opportunities, advance student success and strengthen the diverse Lake County communities it serves.
-
Payments to the College of Lake County, other organizations and students to be used for grants and scholarships applicable to student tuition and fees.
Expenses $6,118,174 · Grants $6,118,174
-
GRANTS TO AND ON BEHALF OF COLLEGE OF LAKE COUNTY AND OTHER ORGANIZATIONS FOR ENHANCEMENT OF INSTRUCTIONAL PROGRAMS.
As filed on the 2024 return.
Listed in Part VII
-
Kevin Appleton
Treasurer-ExOfficio
- Total calculated
- $0
- Hours/week
- 0.6
-
Brandon Bennett
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Christine Lpez
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Christopher Piazzi
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Dave Galla
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Derek Leiter
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Dr Ali O Brien
Director - ExOfficio
- Total calculated
- $0
- Hours/week
- 0.6
-
Dr Kristen Jones
Director - ExOfficio
- Total calculated
- $0
- Hours/week
- 0.6
-
Dr Lori Suddick
Director - ExOfficio
- Total calculated
- $0
- Hours/week
- 0.6
-
Elizabeth Kangas Miller
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Holly Kerr
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
J Kenneth Rosko
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Jannes E Zobus
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Joanna P Rolek
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Judith A Haga
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Julia Guiney
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Kathy Buscaglia
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Lincoln Abbey
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Lisa Dooley Trace
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Meg Largay
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Michael S Trimble
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Paul Diamond
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
R Lee Piekarz
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Robert R Worobow
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Sam Valenti
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Sandra Shinsky
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Sonja Marinac
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Tiffany Peppers
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Val Munchez -van der Wagt
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Glenda Abbott
Vice-Chair
- Total calculated
- $0
- Hours/week
- 0.6
-
Leigh Ann JacobsonLEIGH ANN JACOBSON
Executive Director & Chief Development Officer (Start November 2024)
- Total calculated
- $31,564
- From this org
- $25,587
- From related orgs
- $0
- Other
- $5,977
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $25,587
- Bonus
- $0
- Other
- $0
- Deferred
- $33
- Nontaxable benefits
- $5,944
- Filer's total
- $31,564
-
Renee Young
Chair
- Total calculated
- $0
- Hours/week
- 0.6
-
Scot Parker
Secretary
- Total calculated
- $0
- Hours/week
- 0.6
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL
- NAME - LEIGH ANN JACOBSON, COMPENSATION FROM UNRELATED ORGANIZATION - 31564.000000, NAME OF UNRELATED ORGANIZATION - COLLEGE OF LAKE COUNTY, TYPE OF COMPENSATION - SALARIES AND BENEFITS
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
College of Lake County
$6,094,309
Grants and Scholarships
-
College of Lake County
$0
General support
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 May 2026
- IRS schema version
- 2024v5.1
- Source object
- 202601279349303905
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