Civic Intelligence

The Lincoln Park Society

EIN 36-4032280 • 501(c)3 • Chicago, IL

Profile

The Lincoln Park Society was organized to own and operate a public parking facility in the City of Chicago and to provide urban planning assistance to the City of Chicago

1601 North Clark StreetChicago, IL 60614-6099
Siviq Scores

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

Liabilities / Assets

92nd percentile

0.94x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

4.43x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

90th percentile

51%

Higher net margin than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

40th percentile

0.2%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

70th percentile

24%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$4,187,043

Up $8,106 (+0.2%) from 2023

Liabilities

Down

$3,941,090

Down $451,405 (-10%) from 2023

Net Assets

Up

$245,953

Up $459,511 (+215%) from 2023

Operations
Liabilities / Revenue96th percentileNet Margin90th percentile

Revenue

Up

$889,057

Up $171,590 (+24%) from 2023

Expenses

Down

$433,666

Down $28,198 (-6.1%) from 2023

Net Income

Up

$455,391

Up $199,788 (+78%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth40th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2012: $7,658,977Liabilities 2012: $10,472,356Net Assets 2012: -$2,813,3792012Assets 2013: $7,349,346Liabilities 2013: $9,870,048Net Assets 2013: -$2,520,7022013Assets 2014: $7,271,699Liabilities 2014: $9,401,413Net Assets 2014: -$2,129,7142014Assets 2015: $7,169,445Liabilities 2015: $8,872,901Net Assets 2015: -$1,703,4562015Assets 2016: $7,077,920Liabilities 2016: $8,275,254Net Assets 2016: -$1,197,3342016Assets 2017: $6,277,074Liabilities 2017: $6,975,606Net Assets 2017: -$698,5322017Assets 2018: $5,696,204Liabilities 2018: $6,214,338Net Assets 2018: -$518,1342018Assets 2019: $4,961,487Liabilities 2019: $5,486,865Net Assets 2019: -$525,3782019Assets 2020: $4,988,446Liabilities 2020: $5,654,881Net Assets 2020: -$666,4352020Assets 2021: $4,576,692Liabilities 2021: $5,430,077Net Assets 2021: -$853,3852021Assets 2022: $4,473,048Liabilities 2022: $4,982,784Net Assets 2022: -$509,7362022Assets 2023: $4,178,937Liabilities 2023: $4,392,495Net Assets 2023: -$213,5582023Assets 2024: $4,187,043Liabilities 2024: $3,941,090Net Assets 2024: $245,9532024

Highlighted filing

2024

Assets$4,187,043
Liabilities$3,941,090
Net Assets$245,953
Open 2024 Filing

Operations Trend

Revenue Growth70th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $531,6272012Expenses 2013: $557,2362013Revenue 2014: $877,852Expenses 2014: $540,416Net Income 2014: $337,4362014Revenue 2015: $903,691Expenses 2015: $513,497Net Income 2015: $390,1942015Revenue 2016: $1,046,705Expenses 2016: $494,930Net Income 2016: $551,7752016Revenue 2017: $866,297Expenses 2017: $517,147Net Income 2017: $349,1502017Revenue 2018: $606,522Expenses 2018: $526,709Net Income 2018: $79,8132018Revenue 2019: $547,064Expenses 2019: $522,689Net Income 2019: $24,3752019Revenue 2020: $407,381Expenses 2020: $520,822Net Income 2020: -$113,4412020Revenue 2021: $245,505Expenses 2021: $502,495Net Income 2021: -$256,9902021Revenue 2022: $733,731Expenses 2022: $485,233Net Income 2022: $248,4982022Revenue 2023: $717,467Expenses 2023: $461,864Net Income 2023: $255,6032023Revenue 2024: $889,057Expenses 2024: $433,666Net Income 2024: $455,3912024

Highlighted filing

2024

Revenue$889,057
Expenses$433,666
Net Income$455,391
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,187,043
Liabilities
$3,941,090
Net assets
$245,953
Revenue
$889,057
Expenses
$433,666
Net income
$455,391
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.19$3.94$0.25$0.89$0.43$0.46
2023Detailed filing. Detailed filing data is available for this year.$4.18$4.39$0.21$0.72$0.46$0.26
2022Detailed filing. Detailed filing data is available for this year.$4.47$4.98$0.51$0.73$0.49$0.25
2021Detailed filing. Detailed filing data is available for this year.$4.58$5.43$0.85$0.25$0.50$0.26
2020Detailed filing. Detailed filing data is available for this year.$4.99$5.65$0.67$0.41$0.52$0.11
2019Detailed filing. Detailed filing data is available for this year.$4.96$5.49$0.53$0.55$0.52$0.02
2018Detailed filing. Detailed filing data is available for this year.$5.70$6.21$0.52$0.61$0.53$0.08
2017Detailed filing. Detailed filing data is available for this year.$6.28$6.98$0.70$0.87$0.52$0.35
2016Detailed filing. Detailed filing data is available for this year.$7.08$8.28$1.20$1.05$0.49$0.55
2015Detailed filing. Detailed filing data is available for this year.$7.17$8.87$1.70$0.90$0.51$0.39
2014Detailed filing. Detailed filing data is available for this year.$7.27$9.40$2.13$0.88$0.54$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.35$9.87$2.52$0.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.66$10.5$2.81$0.53
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$889,057
Mission and Program Overview

Mission

The Lincoln Park Society was organized to own and operate a public parking facility in the City of Chicago and to provide urban planning assistance to the City of Chicago

The Lincoln Park Society was organized to own and operate a public parking facility within the City of Chicago and to provide urban planning assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,620,523$1,347,152▼ $273,371
Savings and Temporary Cash Investments$1,160,022$1,266,532▲ $106,510
Cash and Non-Interest-Bearing Accounts$1,250,000$1,250,000→ $0
Accounts Receivable$148,392$323,359▲ $174,967
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0--
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$4,178,937$4,187,043▲ $8,106
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,221,495$2,967,244▼ $254,251
Tax Exempt Bond Liabilities$1,161,683$968,649▼ $193,034
Other Liabilities$9,317$5,197▼ $4,120
Grants Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0--
Total Liabilities$4,392,495$3,941,090▼ $451,405
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-213,558$245,953▲ $459,511
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$-213,558$245,953▲ $459,511
Total Liabilities and Net Assets / Fund Balance$4,178,937$4,187,043▲ $8,106

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,326,432$6,597,425$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$20,720$10,000$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Donald LasserePresident
Cheryl ObermeyerTrustee
Jim CroftTrustee
Juliet AzimiTrustee
Kelly FlanneryTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$877,079
Investment Income
$11,978
Other Revenue
$0
Change in Net Assets
$455,391

Audited Revenue Reconciliation

Revenue per Audited Statements
$889,057
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$889,057
Total Revenue per Form 990
$889,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$433,666
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
Depreciation Depletion$273,371$0$0$273,371
Fees for Services Other$126,423$0$0$126,423
Interest$33,750$0$0$33,750
Information Technology$122$0$0$122
Total Functional Expenses$433,666$0$0$433,666

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$433,666
Total Expenses per Audited Statements$433,666
Total Expenses per Form 990$433,666
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0--
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap Liability$5,197
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 completed 990 was provided electronically to all Board Members.”

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

“Statements are sent to Board Members annually.”

Form 990, Part VI, Section C, Line 19

“The documents are made available by request.”

Filing and Contact Details

Filer

Filer Name
The Lincoln Park Society
EIN
36-4032280
Phone
3127992230
Address
1601 North Clark Street, Chicago, IL 60614-6099

Signing Officer

Name
Steven Holloway
Title
Director of Accounting
Phone
3127992120
Signed
2025-05-15

Organization Details

Principal Officer
Donald E Lassere
Formed
1995
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
1
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Issuance Cost-$6,968.00, Professional Services-$110,315.00, and Letter of Credit Fees-$9,140.00”

Form 990, Part XI, Line 9

“Change in value of Interest Rate Swap Agreement”

Raw XML AppendixShowing 400 of 583 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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