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Nonprofiteer
← LASALLE FOUNDATION

Form 990 for tax year 2022

Filed by LASALLE FOUNDATION.

Totals

Total revenue
$840,123
Total expenses
$1,006,573
Contributions and grants received
$20,225
Grants paid
$5,002
Program service revenue
$788,468
Investment income
$538
Other revenue
$30,892
Total assets, end of year
$4,958,951
Total liabilities, end of year
$870,663
Net assets or fund balances, end of year
$4,088,288
Program services expenses (Part IX)
$952,667
Management and general expenses
$53,906
Fundraising expenses
$0
Program service expenses (Part III)
$952,667

Program services were 94.6% 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.

  • 1d · Related organizations

    $20,225

  • 2a · Program service revenue: PROGRAM SERVICE REVENU

    total $788,468 · related or exempt $788,468

  • 3 · Investment income

    total $538 · excluded $538

  • 11a · Other revenue: OTHER

    total $30,892 · related or exempt $30,892

  • 11e · Other revenue, total

    $30,892

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,002 · program services $5,002

  • 7 · Other salaries and wages

    total $295,389 · program services $259,942 · management and general $35,447

  • 8 · Pension plan contributions

    total $4,068 · program services $3,580 · management and general $488

  • 10 · Payroll taxes

    total $15,623 · program services $13,748 · management and general $1,875

  • 11c · Fees: accounting

    total $8,500 · management and general $8,500

  • 11g · Fees: other

    total $9,232 · program services $9,232

  • 13 · Office expenses

    total $7,112 · program services $7,112

  • 16 · Occupancy

    total $77,634 · program services $77,634

  • 17 · Travel

    total $3,381 · program services $3,381

  • 20 · Interest

    total $39,834 · program services $39,834

  • 22 · Depreciation, depletion and amortization

    total $316,414 · program services $316,414

  • 23 · Insurance

    total $52,041 · program services $44,445 · management and general $7,596

  • 24a · Other expenses: BUILDING REPAIRS AND MA

    total $85,038 · program services $85,038

  • 24b · Other expenses: BUILDING INSURANCE

    total $29,984 · program services $29,984

  • 24c · Other expenses: SUPPLIES

    total $23,276 · program services $23,276

  • 24d · Other expenses: MISCELLANEOUS

    total $18,318 · program services $18,318

  • 24e · All other expenses

    total $15,727 · program services $15,727

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $196,841 · end of year $259,257

  • 4 · Accounts receivable

    beginning of year $23,591 · end of year $62,631

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

    $10,633,903

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

    $5,996,840

  • 10c · Land, buildings and equipment, net

    beginning of year $4,953,478 · end of year $4,637,063

  • 17 · Accounts payable and accrued expenses

    beginning of year $84,044 · end of year $37,637

  • 23 · Secured mortgages and notes payable

    beginning of year $827,721 · end of year $823,639

  • 25 · Other liabilities

    beginning of year $7,408 · end of year $9,387

  • 27 · Net assets without donor restrictions

    beginning of year $4,254,737 · end of year $4,088,288

Mission and programs · 2022

Mission

THE FOUNDATION OWNS AND MANAGES A BUILDING FOR THE BENEFIT OF A GROUP OF 501(C)(3) ORGANIZATIONS THAT OCCUPY THE BUILDING.

  • THE FOUNDATION OWNS AND MANAGES THE CORNERSTONE CENTER (THE BUILDING) AT 1111 N. WELLS, CHICAGO, ILLINOIS FOR THE BENEFIT OF A GROUP OF 501(C)(3) ORGANIZATIONS THAT OCCUPY THE BUILDING. THESE ORGANIZATIONS PROVIDE EDUCATIONAL AND CHARITABLE PROGRAMS FOR THE GENERAL PUBLIC, INCLUDING A CHILD CARE CENTER, EDUCATIONAL PROGRAMS FOR YOUTH, AND A HIGH SCHOOL FOR DISADVANTAGE STUDENTS. THESE OCCUPANTS ARE PAYING THEIR RESPECTIVE SHARE OF THE OPERATING EXPENSES OF THE BUILDING.

    Expenses $952,667 · Grants $5,002 · Revenue $819,360

As filed on the 2022 return.

Listed in Part VII

  • Rev Randall K Blakey

    PRESIDENT

    Total calculated
    $85,400
    From this org
    $0
    From related orgs
    $0
    Other
    $85,400
    Hours/week
    16

  • Scott Blim

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Dave Metz

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Chris Campbell

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • LASALLE STREET CHURCH

    CHURCH · CHURCH · IL

  • CORNERSTONE CHILD CARE CENTER

    501(C)(3) · CHILD CARE · IL

  • NEAR NORTH UNITY PROGRAM

    PROMOTE AND STRENGTHEN COMMUNITY COHESION IN CHICAGO'S NEAR NORTH COMMUNITY · IL

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349325568

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