Civic Intelligence

Lake Forest Land Foundation

990 • Fiscal year 2015 • EIN 36-3605404

Apr 01, 2014 to Mar 31, 2015 • Filed on Aug 06, 2015

350 North Waukegan RoadLake Forest, IL 60045

(847) 234-3880

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.71x

Higher debt load relative to assets than 83% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$6,206,114

No earlier filing loaded for comparison.

Net Assets

$1,769,231

No earlier filing loaded for comparison.

Liabilities

$4,436,883

No earlier filing loaded for comparison.

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$124,074

No earlier filing loaded for comparison.

Net Income

-$124,074

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2015

Assets$6,206,114
Liabilities$4,436,883
Net Assets$1,769,231

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$0
Expenses$124,074
Net Income-$124,074
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Aug 6, 2015
Return Version
2014v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Preservation of environmentally sensitive land

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,202,759$6,202,759→ $0
Cash and Non-Interest-Bearing Accounts$13,000$3,355▼ $9,645
Total Assets$6,215,759$6,206,114▼ $9,645
Liabilities
Other Liabilities$2,362,256$2,560,390▲ $198,134
Mortgage Notes Payable Secured by Investment Property$1,923,672$1,838,636▼ $85,036
Accounts Payable and Accrued Expenses$36,526$37,857▲ $1,331
Total Liabilities$4,322,454$4,436,883▲ $114,429
Net Assets / Fund Balance
Unrestricted Net Assets$1,893,305$1,769,231▼ $124,074
Total Net Assets Fund Balance$1,893,305$1,769,231▼ $124,074
Total Liabilities and Net Assets / Fund Balance$6,215,759$6,206,114▼ $9,645

Asset Categories

AssetBook ValueDepreciationBasis
Land$6,202,759-$1,902,759
Compensation and Service Providers

Board Members and Trustees

NameTitle
Edward ChandlerPresident
John H DickVice President/treasurer
Dennis R NyrenDirector
Edward R McglynnDirector
Kate SackmanDirector
Steve BaerDirector
William T White IiiDirector
George CovingtonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-124,074
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,074
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
Interest$51,527--$51,527
Fees for Services Other$15,370--$15,370
Insurance$6,511$2,961-$9,472
Fees for Services Legal$4,845--$4,845
Fees for Services Accounting$3,900--$3,900
Other Expenses$946--$946
Total Functional Expenses$121,113$2,961$0$124,074
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable - Related Party$2,560,390
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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 11

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
Dennis R Nyren
Title
President
Phone
8472343880
Signed
2015-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis R Nyren
Formed
1987
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

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 IX, Line 11G

Consulting fees: program service expenses 13,095. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,095. Surveying fees: program service expenses 1,700. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,700. Apraisal fees: program service expenses 575. Management and general expenses 0. Fundraising expenses 0. Total expenses 575.

Form 990, Part XII, Line 2C

There has been no significant change from prior years.

Raw XML Appendix373 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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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/ExplanationTxt4CONSULTING FEES: PROGRAM SERVICE EXPENSES 13,095. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,095. SURVEYING FEES: PROGRAM SERVICE EXPENSES 1,700. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,700. APRAISAL FEES: PROGRAM SERVICE EXPENSES 575. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 575.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE HAS BEEN NO SIGNIFICANT CHANGE FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060045
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02560390
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LAKE FOREST OPEN LANDS ASSOCIATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
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IRS990/SignificantChangeInd00
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IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06215759
IRS990/TotalAssetsEOYAmt06206114
IRS990/TotalAssetsGrp/BOYAmt06215759
IRS990/TotalAssetsGrp/EOYAmt06206114
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02961
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0121113
IRS990/TotalFunctionalExpensesGrp/TotalAmt0124074
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04322454
IRS990/TotalLiabilitiesEOYAmt04436883
IRS990/TotalLiabilitiesGrp/BOYAmt04322454
IRS990/TotalLiabilitiesGrp/EOYAmt04436883
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01893305
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01769231
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0121113
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt00
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06215759
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06206114
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01893305
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01769231
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0350 NORTH WAUKEGAN ROAD
IRS990/USAddress/CityNm0LAKE FOREST
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060045
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DENNIS R NYREN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08472343880
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-06
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060045
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/PreparationDt02015-08-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENNIS P O'BRIEN
ReturnHeader/ReturnTs02015-10-08T09:48:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-04-01
ReturnHeader/TaxPeriodEndDt02015-03-31
ReturnHeader/TaxYr02014

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