Civic Intelligence

Lake Forest Land Foundation

EIN 36-3605404 • 501(c)3 • Lake Forest, IL

Profile

Preservation of environmentally sensitive land

350 North Waukegan RoadLake Forest, IL 60045

n/A

Siviq Scores

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

Liabilities / Assets

78th percentile

0.10x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

96th percentile

1.37x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

4th percentile

-622%

Higher net margin than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

12th percentile

-76%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Revenue Growth

29th percentile

-24%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$28,510

Down $471,054 (-94%) from 2024

Liabilities

Down

$2,867

Down $457,997 (-99%) from 2024

Net Assets

Down

$25,643

Down $13,057 (-34%) from 2024

Operations
Liabilities / Revenue96th percentileNet Margin4th percentile

Revenue

Down

$2,100

Down $1,530 (-42%) from 2024

Expenses

Up

$15,157

Up $5,628 (+59%) from 2024

Net Income

Down

-$13,057

Down $7,158 (-121%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $6,206,114Liabilities 2015: $4,436,883Net Assets 2015: $1,769,2312015Assets 2016: $6,880,972Liabilities 2016: $5,213,617Net Assets 2016: $1,667,3552016Assets 2017: $7,182,531Liabilities 2017: $5,606,686Net Assets 2017: $1,575,8452017Assets 2018: $5,264,489Liabilities 2018: $3,782,597Net Assets 2018: $1,481,8922018Assets 2019: $1,289,100Liabilities 2019: $651,715Net Assets 2019: $637,3852019Assets 2020: $1,395,213Liabilities 2020: $772,565Net Assets 2020: $622,6482020Assets 2021: $1,502,452Liabilities 2021: $898,563Net Assets 2021: $603,8892021Assets 2022: $2,330,745Liabilities 2022: $1,764,661Net Assets 2022: $566,0842022Assets 2023: $505,463Liabilities 2023: $460,864Net Assets 2023: $44,5992023Assets 2024: $499,564Liabilities 2024: $460,864Net Assets 2024: $38,7002024Assets 2025: $28,510Liabilities 2025: $2,867Net Assets 2025: $25,6432025

Highlighted filing

2025

Assets$28,510
Liabilities$2,867
Net Assets$25,643
Open 2025 Filing

Operations Trend

Revenue Growth29th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2015: $0Expenses 2015: $124,074Net Income 2015: -$124,0742015Revenue 2016: $0Expenses 2016: $101,876Net Income 2016: -$101,8762016Revenue 2017: $13Expenses 2017: $91,523Net Income 2017: -$91,5102017Revenue 2018: -$7,847Expenses 2018: $86,106Net Income 2018: -$93,9532018Revenue 2019: $447,696Expenses 2019: $1,292,203Net Income 2019: -$844,5072019Revenue 2020: $5,292Expenses 2020: $20,029Net Income 2020: -$14,7372020Revenue 2021: $3,034Expenses 2021: $21,793Net Income 2021: -$18,7592021Revenue 2022: $3,059Expenses 2022: $40,864Net Income 2022: -$37,8052022Revenue 2023: $3,660Expenses 2023: $525,145Net Income 2023: -$521,4852023Revenue 2024: $3,630Expenses 2024: $9,529Net Income 2024: -$5,8992024Revenue 2025: $2,100Expenses 2025: $15,157Net Income 2025: -$13,0572025

Highlighted filing

2025

Revenue$2,100
Expenses$15,157
Net Income-$13,057
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,510
Liabilities
$2,867
Net assets
$25,643
Revenue
$2,100
Expenses
$15,157
Net income
-$13,057
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.00$0.02$0.01
2024Detailed filing. Detailed filing data is available for this year.$0.50$0.46$0.04$0.00$0.01$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.51$0.46$0.04$0.00$0.53$0.52
2022Detailed filing. Detailed filing data is available for this year.$2.33$1.76$0.57$0.00$0.04$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.50$0.90$0.60$0.00$0.02$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.40$0.77$0.62$0.01$0.02$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.29$0.65$0.64$0.45$1.29$0.84
2018Detailed filing. Detailed filing data is available for this year.$5.26$3.78$1.48$0.01$0.09$0.09
2017Detailed filing. Detailed filing data is available for this year.$7.18$5.61$1.58$0.00$0.09$0.09
2016Detailed filing. Detailed filing data is available for this year.$6.88$5.21$1.67$0.00$0.10$0.10
2015Detailed filing. Detailed filing data is available for this year.$6.21$4.44$1.77$0.00$0.12$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$2,100
Mission and Program Overview

Mission

Preservation of environmentally sensitive land

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$38,700$23,040▼ $15,660
Land, Buildings, and Equipment, Net$460,864$5,470▼ $455,394
Total Assets$499,564$28,510▼ $471,054
Liabilities
Other Liabilities$460,864$0▼ $460,864
Accounts Payable and Accrued Expenses$0$2,867▲ $2,867
Total Liabilities$460,864$2,867▼ $457,997
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$38,700$25,643▼ $13,057
Total Net Assets Fund Balance$38,700$25,643▼ $13,057
Total Liabilities and Net Assets / Fund Balance$499,564$28,510▼ $471,054

Asset Categories

AssetBook ValueDepreciationBasis
Land$5,470-$5,470
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Mark AhernChairman
Charles BowenDirector
John SentellDirector
Nancy ClemensDirector
George CovingtonSecretary
Steve BarnhartTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,100
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,100
Change in Net Assets
$-13,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,157
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
Insurance$10,115--$10,115
Fees for Services Legal$2,867--$2,867
Fees for Services Accounting$2,100--$2,100
Other Expenses$75--$75
Total Functional Expenses$15,157$0$0$15,157
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The board of directors review and approve the form 990 before the form 990 is filed.”

Form 990, Part VI, Section B, Line 12C

“The board of directors and officers are required on an annual basis to submit a statement of their status regarding the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“The foundation currently is managed by an all volunteer staff.”

Form 990, Part VI, Section C, Line 19

“Copies of the foundation's governing documents and conflict of interest policy are available upon request at the foundation's offices for a nominal fee.”

Filing and Contact Details

Filer

Filer Name
Lake Forest Land Foundation
EIN
36-3605404
Phone
8472343880
Address
350 NORTH WAUKEGAN ROAD, LAKE FOREST, IL 60045

Signing Officer

Name
Mark Ahern
Title
President
Phone
8472343880
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Ahern
Formed
1987
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Pasquesi Sheppard LLC
Address
585 BANK LANE, LAKE FOREST, IL 60045
Preparer
DENNIS P O'BRIEN
Phone
8472345000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The oversight and selection process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is a not-for-profit entity described in section 501(c)(3) of the internal revenue code and is exempt from federal income taxes on related income. It is also exempt from state income taxes on related income and qualifies for charitable contribution deductions in regard to its donors. The foundation would be subject to both federal and state taxes on unrelated business income, though it did not have any for the year ending march 31, 2025. As of march 31, 2025, the foundation did not have any uncertain tax positions that it is obligated to disclose. Additionally, there were no returns under review or open to review by taxing authorities in excess of statutory periods, the foundation follows a conservative approach of research and open disclosure in regards to its tax-exempt status and positions held.”

Raw XML Appendix368 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NOT-FOR-PROFIT ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME. IT IS ALSO EXEMPT FROM STATE INCOME TAXES ON RELATED INCOME AND QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS IN REGARD TO ITS DONORS. THE FOUNDATION WOULD BE SUBJECT TO BOTH FEDERAL AND STATE TAXES ON UNRELATED BUSINESS INCOME, THOUGH IT DID NOT HAVE ANY FOR THE YEAR ENDING MARCH 31, 2025. AS OF MARCH 31, 2025, THE FOUNDATION DID NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT IT IS OBLIGATED TO DISCLOSE. ADDITIONALLY, THERE WERE NO RETURNS UNDER REVIEW OR OPEN TO REVIEW BY TAXING AUTHORITIES IN EXCESS OF STATUTORY PERIODS, THE FOUNDATION FOLLOWS A CONSERVATIVE APPROACH OF RESEARCH AND OPEN DISCLOSURE IN REGARDS TO ITS TAX-EXEMPT STATUS AND POSITIONS HELD.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEW AND APPROVE THE FORM 990 BEFORE THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED ON AN ANNUAL BASIS TO SUBMIT A STATEMENT OF THEIR STATUS REGARDING THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION CURRENTLY IS MANAGED BY AN ALL VOLUNTEER STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE FOUNDATION'S OFFICES FOR A NOMINAL FEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PRESERVATION AND MAINTENANCE OF OPEN LANDS
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LAKE FOREST OPEN LANDS ASSOCIATION
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IRS990/TotalAssetsGrp/BOYAmt0499564
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IRS990/TotalFunctionalExpensesGrp/TotalAmt015157
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt025643
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IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02100
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0499564
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IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK AHERN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08472343880
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE FOREST LAND FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0363605404
ReturnHeader/Filer/PhoneNum08472343880
ReturnHeader/Filer/USAddress/AddressLine1Txt0350 NORTH WAUKEGAN ROAD
ReturnHeader/Filer/USAddress/CityNm0LAKE FOREST
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364049282
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PASQUESI SHEPPARD LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0585 BANK LANE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKE FOREST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060045
ReturnHeader/PreparerPersonGrp/PhoneNum08472345000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENNIS P O'BRIEN
ReturnHeader/ReturnTs02025-11-10T11:09:42-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-04-01
ReturnHeader/TaxPeriodEndDt02025-03-31
ReturnHeader/TaxYr02024

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