Civic Intelligence

Lake Forest Land Foundation

990 • Fiscal year 2019 • EIN 36-3605404

Apr 01, 2018 to Mar 31, 2019 • Filed on Nov 30, 2019

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

82nd percentile

0.51x

Higher debt load relative to assets than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

1.46x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

2nd percentile

-189%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

1st percentile

-76%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

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

Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$1,289,100

Down $3,975,389 (-76%) from 2018

Net Assets

Down

$637,385

Down $844,507 (-57%) from 2018

Liabilities

Down

$651,715

Down $3,130,882 (-83%) from 2018

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin2nd percentile

Revenue

Up

$447,696

Up $455,543 (+5805%) from 2018

Expenses

Up

$1,292,203

Up $1,206,097 (+1401%) from 2018

Net Income

Down

-$844,507

Down $750,554 (-799%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2019

Assets$1,289,100
Liabilities$651,715
Net Assets$637,385
Open 2019 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

2019

Revenue$447,696
Expenses$1,292,203
Net Income-$844,507
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Nov 30, 2019
Return Version
2018v3.1
Gross Receipts
$447,696
Mission and Program Overview

Mission

Preservation of environmentally sensitive land

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,066,558$1,121,843▼ $3,944,715
Prepaid Expenses and Deferred Charges-$84,098-
Cash and Non-Interest-Bearing Accounts$197,931$83,159▼ $114,772
Total Assets$5,264,489$1,289,100▼ $3,975,389
Liabilities
Other Liabilities$3,753,220$651,715▼ $3,101,505
Accounts Payable and Accrued Expenses$29,377--
Total Liabilities$3,782,597$651,715▼ $3,130,882
Net Assets / Fund Balance
Unrestricted Net Assets$1,481,892$637,385▼ $844,507
Total Net Assets Fund Balance$1,481,892$637,385▼ $844,507
Total Liabilities and Net Assets / Fund Balance$5,264,489$1,289,100▼ $3,975,389

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,121,843-$1,121,843
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$445,000
Program Service Revenue
$0
Investment Income
$2,696
Other Revenue
$0
All Other Contributions
$445,000
Change in Net Assets
$-844,507

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Qualified Contrib Other2$445,000Fair Market Value
Total Noncash Contributions2$445,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,284,991
Other Expenses$7,212
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,284,991--$1,284,991
Fees for Services Accounting$1,600--$1,600
Fees for Services Legal$156--$156
Other Expenses$115--$115
Total Functional Expenses$1,292,203$0$0$1,292,203
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lake Forest Open Lands AssociationLake Forest, IL501(c)(3)Transfer of Land for Land Preservation.-
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$156
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable - Related Party$651,715
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
2019-11-30
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

Financial Statement Notes

Part II Line 9

“The foundation held one easement consisting of approximately 16 acres at the end of the year. This easement is located in the state of illinois and the city of lake forest. The foundation did not record a value on this easement which was transferred to the foundation by the city of lake forest.”

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IRS990ScheduleD/StaffHoursSpentEnforcementCnt00.00
IRS990ScheduleD/StatesEasementsHeldCnt01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HELD ONE EASEMENT CONSISTING OF APPROXIMATELY 16 ACRES AT THE END OF THE YEAR. THIS EASEMENT IS LOCATED IN THE STATE OF ILLINOIS AND THE CITY OF LAKE FOREST. THE FOUNDATION DID NOT RECORD A VALUE ON THIS EASEMENT WHICH WAS TRANSFERRED TO THE FOUNDATION BY THE CITY OF LAKE FOREST.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II LINE 9
IRS990ScheduleD/TotalAcreageCnt016.10
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01121843
IRS990ScheduleD/TotalEasementsCnt01
IRS990ScheduleD/TotalLiabilityAmt0651715
IRS990ScheduleD/WrittenPolicyMonitoringInd01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt01284991
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0LAND GRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TRANSFER OF LAND FOR LAND PRESERVATION.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LAKE FOREST OPEN LANDS ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientEIN0366162709
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0350 NORTH WAUKEGAN ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LAKE FOREST
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060045
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT MAKE ANY GRANTS WHICH REQUIRE MONITORING.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0GEORGE COVINGTON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MEMBER OF THE BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0156
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEGAL SERVICES
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/QualifiedContribOtherGrp/ContributionCnt02
IRS990ScheduleM/QualifiedContribOtherGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/QualifiedContribOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/QualifiedContribOtherGrp/NoncashContributionsRptF990Amt0445000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0LAND
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0LAKE FOREST OPEN LANDS ASSOCIATION
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02018-05-11
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0366162709
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt04389715
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0350 NORTH WAUKEGAN ROAD
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0LAKE FOREST
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0IL
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd060045
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990/ScheduleORequiredInd01
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/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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LAKE FOREST OPEN LANDS ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0366162709
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
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/InvolvedAmt0651715
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11284991
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/TransactionTypeTxt1B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05264489
IRS990/TotalAssetsEOYAmt01289100
IRS990/TotalAssetsGrp/BOYAmt05264489
IRS990/TotalAssetsGrp/EOYAmt01289100
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0445000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01292203
IRS990/TotalFunctionalExpensesGrp/TotalAmt01292203
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03782597
IRS990/TotalLiabilitiesEOYAmt0651715
IRS990/TotalLiabilitiesGrp/BOYAmt03782597
IRS990/TotalLiabilitiesGrp/EOYAmt0651715

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,289,100
Liabilities
$651,715
Net assets
$637,385
Revenue
$447,696
Expenses
$1,292,203
Net income
-$844,507
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