Civic Intelligence

Lake Forest Land Foundation

990 • Fiscal year 2021 • EIN 36-3605404

Apr 01, 2020 to Mar 31, 2021 • Filed on Nov 04, 2021

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

87th percentile

0.60x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

100th percentile

296.16x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

1st percentile

-618%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

47th percentile

7.7%

Faster asset growth than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

6th percentile

-43%

Faster revenue growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$1,502,452

Up $107,239 (+7.7%) from 2020

Net Assets

Down

$603,889

Down $18,759 (-3.0%) from 2020

Liabilities

Up

$898,563

Up $125,998 (+16%) from 2020

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$3,034

Down $2,258 (-43%) from 2020

Expenses

Up

$21,793

Up $1,764 (+8.8%) from 2020

Net Income

Down

-$18,759

Down $4,022 (-27%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth47th 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

2021

Assets$1,502,452
Liabilities$898,563
Net Assets$603,889
Open 2021 Filing

Operations Trend

Revenue Growth6th percentile

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

2021

Revenue$3,034
Expenses$21,793
Net Income-$18,759
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Nov 4, 2021
Return Version
2020v4.1
Gross Receipts
$3,034
Mission and Program Overview

Mission

Preservation of environmentally sensitive land

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,242,693$1,368,691▲ $125,998
Cash and Non-Interest-Bearing Accounts$80,119$67,421▼ $12,698
Prepaid Expenses and Deferred Charges$72,401$66,340▼ $6,061
Total Assets$1,395,213$1,502,452▲ $107,239
Liabilities
Other Liabilities$772,565$898,563▲ $125,998
Total Liabilities$772,565$898,563▲ $125,998
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$622,648$603,889▼ $18,759
Total Net Assets Fund Balance$622,648$603,889▼ $18,759
Total Liabilities and Net Assets / Fund Balance$1,395,213$1,502,452▲ $107,239

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,368,691-$1,368,691
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$3,000
Program Service Revenue
$0
Investment Income
$34
Other Revenue
$0
All Other Contributions
$3,000
Change in Net Assets
$-18,759
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,793
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 Accounting$3,000--$3,000
Other Expenses$15--$15
Total Functional Expenses$21,793$0$0$21,793
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
Notes Payable - Related Party$898,563
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Ahern
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

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, 2021. As of march 31, 2021, 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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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, 2021. AS OF MARCH 31, 2021, 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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IRS990ScheduleD/TotalEasementsCnt00
IRS990ScheduleD/TotalLiabilityAmt0898563
IRS990ScheduleD/WrittenPolicyMonitoringInd01
IRS990/ScheduleJRequiredInd00
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/InvolvedAmt0898563
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt13000
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/TransactionTypeTxt1C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01395213
IRS990/TotalAssetsEOYAmt01502452
IRS990/TotalAssetsGrp/BOYAmt01395213
IRS990/TotalAssetsGrp/EOYAmt01502452
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt021793
IRS990/TotalFunctionalExpensesGrp/TotalAmt021793
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0772565
IRS990/TotalLiabilitiesEOYAmt0898563
IRS990/TotalLiabilitiesGrp/BOYAmt0772565
IRS990/TotalLiabilitiesGrp/EOYAmt0898563
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0622648
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0603889
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt021793
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt034
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03034
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01395213
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01502452
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK AHERN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08472343880
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-04
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/PreparationDt02021-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENNIS P O'BRIEN
ReturnHeader/ReturnTs02021-11-30T07:25:24-06:00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,502,452
Liabilities
$898,563
Net assets
$603,889
Revenue
$3,034
Expenses
$21,793
Net income
-$18,759
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