Civic Intelligence

Lake County Properties Inc

EIN 36-2903290 • 501(c)25 • Chicago, IL

Profile

Hold title to real property

120 South Lasalle St 7th FloorChicago, IL 60603

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$10M-$25M nonprofits • Source year 2020

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

$10M-$25M nonprofits • Source year 2020

Top Officer Pay

25th percentile

$0

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

$10M-$25M nonprofits • Source year 2020

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

$10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

100th percentile

499575%

Faster revenue growth than 100% of similar nonprofits.

$10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $1,089 (-100%) from 2019

Liabilities

Down

$0

Down $11,324,809 (-100%) from 2019

Net Assets

Up

$0

Up $11,323,720 (+100%) from 2019

Revenue

Up

$11,422,568

Up $11,420,282 (+499575%) from 2019

Expenses

Up

$98,848

Up $69,542 (+237%) from 2019

Net Income

Up

$11,323,720

Up $11,350,740 (+42009%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$10M$0-$10M-$20MAssets 2010: $51,685Liabilities 2010: $10,770,426Net Assets 2010: -$10,718,7412010Assets 2011: $41,379Liabilities 2011: $10,841,263Net Assets 2011: -$10,799,8842011Assets 2013: $6,068Liabilities 2013: $10,988,472Net Assets 2013: -$10,982,4042013Assets 2014: $1,089Liabilities 2014: $11,060,867Net Assets 2014: -$11,059,7782014Assets 2015: $1,089Liabilities 2015: $11,143,538Net Assets 2015: -$11,142,4492015Assets 2016: $1,089Liabilities 2016: $11,228,440Net Assets 2016: -$11,227,3512016Assets 2017: $1,089Liabilities 2017: $11,303,938Net Assets 2017: -$11,302,8492017Assets 2018: $1,089Liabilities 2018: $11,327,889Net Assets 2018: -$11,326,8002018Assets 2019: $1,089Liabilities 2019: $11,324,809Net Assets 2019: -$11,323,7202019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2010: $1,997Expenses 2010: $102,713Net Income 2010: -$100,7162010Revenue 2011: $1,987Expenses 2011: $83,130Net Income 2011: -$81,1432011Revenue 2013: $13Expenses 2013: $101,060Net Income 2013: -$101,0472013Revenue 2014: $3,950Expenses 2014: $81,324Net Income 2014: -$77,3742014Revenue 2015: $1,977Expenses 2015: $84,648Net Income 2015: -$82,6712015Revenue 2016: $1,976Expenses 2016: $86,878Net Income 2016: -$84,9022016Revenue 2017: $1,975Expenses 2017: $77,473Net Income 2017: -$75,4982017Revenue 2018: $1,997Expenses 2018: $25,948Net Income 2018: -$23,9512018Revenue 2019: $2,286Expenses 2019: $29,306Net Income 2019: -$27,0202019Revenue 2020: $11,422,568Expenses 2020: $98,848Net Income 2020: $11,323,7202020

Highlighted filing

2020

Revenue$11,422,568
Expenses$98,848
Net Income$11,323,720

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 22, 2021
Return Version
2020v4.1
Gross Receipts
$11,773,649
Mission and Program Overview

Mission

Hold title to real property

Hold title for real property

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$0-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Other Assets Total$1,089$0▼ $1,089
Total Assets$1,089$0▼ $1,089
Liabilities
Other Liabilities$11,324,809$0▼ $11,324,809
Total Liabilities$11,324,809$0▼ $11,324,809
Net Assets / Fund Balance
Total Net Assets Fund Balance$-11,323,720$0▲ $11,323,720
Total Liabilities and Net Assets / Fund Balance$1,089$0▼ $1,089
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joel SieboldtPresident
William ChannonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-276,633
Other Revenue
$11,699,201
Change in Net Assets
$11,323,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$98,848
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$96,797-$96,797
Office Expenses-$2,051-$2,051
Total Functional Expenses$0$98,848$0$98,848
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Pension funds and trusts make up the members of the organization.

Form 990, Part VI, Section A, Line 7A

The members of the organization elect the governing body of the organization.

Form 990, Part VI, Section A, Line 7B

All major decisions made by the governing body must be approved by the members of the organization.

Form 990, Part VI, Section B, Line 11B

The governing body reviews a copy of the form 990 prior to it's filing.

Form 990, Part VI, Section C, Line 19

The organization makes it's governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lake County Properties Inc
EIN
36-2903290
Phone
3125641939
Address
120 SOUTH LASALLE ST 7TH FLOOR, CHICAGO, IL 60603

Signing Officer

Name
Joel Seiboldt
Title
Managing Director
Phone
3125641939
Signed
2021-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
The Private Bank
Formed
1977
Legal Domicile
Il
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Fgmk LLC
Address
2801 LAKESIDE DRIVE 3RD FLOOR, BANNOCKBURN, IL 60015
Preparer
David C Imler
Phone
8473740400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 0. Management and general expenses 96,797. Fundraising expenses 0. Total expenses 96,797.

Raw XML Appendix330 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/IndoorTanningServicesInd00
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IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
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IRS990/PartialLiquidationInd00
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IRS990/PoliticalCampaignActyInd00
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IRS990/QuidProQuoContributionsInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PENSION FUNDS AND TRUSTS MAKE UP THE MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE ORGANIZATION ELECT THE GOVERNING BODY OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MAJOR DECISIONS MADE BY THE GOVERNING BODY MUST BE APPROVED BY THE MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY REVIEWS A COPY OF THE FORM 990 PRIOR TO IT'S FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
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IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOEL SEIBOLDT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGING DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03125641939
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE COUNTY PROPERTIES INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0362903290
ReturnHeader/Filer/PhoneNum03125641939
ReturnHeader/Filer/USAddress/AddressLine1Txt0120 SOUTH LASALLE ST 7TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060603
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362929601
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FGMK LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02801 LAKESIDE DRIVE 3RD FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BANNOCKBURN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060015
ReturnHeader/PreparerPersonGrp/PhoneNum08473740400
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID C IMLER
ReturnHeader/ReturnTs02021-05-12T15:49:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SEIBOLDT
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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