Civic Intelligence

Lake Forest Land Foundation

990 • Fiscal year 2017 • EIN 36-3605404

Apr 01, 2016 to Mar 31, 2017 • Filed on Nov 08, 2017

Organization ProfileN/A
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

86th percentile

0.78x

Higher debt load relative to assets than 86% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

431283.54x

Higher debt load relative to revenue than 100% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

1st percentile

-703923%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

51st percentile

4.4%

Faster asset growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$7,182,531

Up $301,559 (+4.4%) from 2016

Net Assets

Down

$1,575,845

Down $91,510 (-5.5%) from 2016

Liabilities

Up

$5,606,686

Up $393,069 (+7.5%) from 2016

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Up

$13

Up $13 from 2016

Expenses

Down

$91,523

Down $10,353 (-10%) from 2016

Net Income

Up

-$91,510

Up $10,366 (+10%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

2017

Assets$7,182,531
Liabilities$5,606,686
Net Assets$1,575,845
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2017

Revenue$13
Expenses$91,523
Net Income-$91,510
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Nov 8, 2017
Return Version
2016v3.0
Gross Receipts
$13
Mission and Program Overview

Mission

Preservation of environmentally sensitive land

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,879,602$6,879,602→ $0
Cash and Non-Interest-Bearing Accounts$1,370$302,929▲ $301,559
Total Assets$6,880,972$7,182,531▲ $301,559
Liabilities
Other Liabilities$3,432,612$3,619,821▲ $187,209
Mortgage Notes Payable Secured by Investment Property$1,744,743$1,650,726▼ $94,017
Deferred Revenue-$299,600-
Accounts Payable and Accrued Expenses$36,262$36,539▲ $277
Total Liabilities$5,213,617$5,606,686▲ $393,069
Net Assets / Fund Balance
Unrestricted Net Assets$1,667,355$1,575,845▼ $91,510
Total Net Assets Fund Balance$1,667,355$1,575,845▼ $91,510
Total Liabilities and Net Assets / Fund Balance$6,880,972$7,182,531▲ $301,559

Asset Categories

AssetBook ValueDepreciationBasis
Land$6,879,602-$5,066,558
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Mark AhernPresident
John H DickTreasurer & Vice President
Charles BowenDirector
Edward ChandlerDirector
Edward R McglynnDirector
Stephen ChristyDirector
Steve BaerDirector
William T White IiiDirector
George CovingtonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$13
Other Revenue
$0
Change in Net Assets
$-91,510
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,523
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$42,546--$42,546
Insurance$5,309$3,798-$9,107
Fees for Services Legal$3,522--$3,522
Fees for Services Accounting$1,500--$1,500
Fees for Services Other$443--$443
Other Expenses$22--$22
Total Functional Expenses$87,725$3,798$0$91,523
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
George CovingtonMember of the Board of DirectorsLegal ServicesNo$3,522
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable - Related Party$3,619,821
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
2017-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Ahern
Formed
1987
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
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 XII, Line 2C

“There has been no significant change from prior years.”

Raw XML Appendix395 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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER & VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION: DEBT FORGIVENESS DATE: 06/27/12 AMOUNT: 2000000.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:
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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/ExplanationTxt4THERE HAS BEEN NO SIGNIFICANT CHANGE FROM PRIOR YEARS.
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0EXEMPT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0350 NORTH WAUKEGAN ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LAKE FOREST
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/InvolvedAmt03619821
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11650726
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LAKE FOREST OPEN LANDS ASSOCIATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1LAKE FOREST OPEN LANDS ASSOCIATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06880972
IRS990/TotalAssetsEOYAmt07182531
IRS990/TotalAssetsGrp/BOYAmt06880972
IRS990/TotalAssetsGrp/EOYAmt07182531
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03798
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt087725
IRS990/TotalFunctionalExpensesGrp/TotalAmt091523
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05213617
IRS990/TotalLiabilitiesEOYAmt05606686
IRS990/TotalLiabilitiesGrp/BOYAmt05213617
IRS990/TotalLiabilitiesGrp/EOYAmt05606686
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01667355
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01575845
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt087725
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt013
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01667355
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01575845
IRS990/UponRequestInd0X
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IRS990/USAddress/ZIPCd060045
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK AHERN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08472343880
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE FOREST LAND FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
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ReturnHeader/Filer/PhoneNum08472343880
ReturnHeader/Filer/USAddress/AddressLine1Txt0350 NORTH WAUKEGAN ROAD
ReturnHeader/Filer/USAddress/CityNm0LAKE FOREST
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.224.107.130
ReturnHeader/FilingSecurityInformation/IPDt02017-11-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:04:13
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/PreparationDt02017-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENNIS P O'BRIEN
ReturnHeader/ReturnTs02017-12-01T10:32:41-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-04-01
ReturnHeader/TaxPeriodEndDt02017-03-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,182,531
Liabilities
$5,606,686
Net assets
$1,575,845
Revenue
$13
Expenses
$91,523
Net income
-$91,510
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