Civic Intelligence

Lake County Partnership for Economic Development Inc.

990 • Fiscal year 2017 • EIN 36-4206288

Jan 01, 2017 to Dec 31, 2017 • Filed on May 08, 2018

Organization ProfileLAKECOUNTYPARTNERS.COM

View Organization Page

1 Overlook Point No 280Lincolnshire, IL 60069

(847) 597-1220

Siviq Scores

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

Liabilities / Assets

56th percentile

0.13x

Higher debt load relative to assets than 56% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

45th percentile

0.08x

Higher debt load relative to revenue than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

23rd percentile

-7.7%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

88th percentile

$181,015

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

12th percentile

-9.5%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

24th percentile

-6.4%

Faster revenue growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$580,077

Down $60,987 (-9.5%) from 2016

Net Assets

Down

$502,604

Down $78,226 (-13%) from 2016

Liabilities

Up

$77,473

Up $17,239 (+29%) from 2016

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin23rd percentile

Revenue

Down

$1,021,438

Down $69,845 (-6.4%) from 2016

Expenses

Up

$1,099,664

Up $37,207 (+3.5%) from 2016

Net Income

Down

-$78,226

Down $107,052 (-371%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $123,356Liabilities 2011: $100,690Net Assets 2011: $22,6662011Assets 2012: $211,758Liabilities 2012: $77,873Net Assets 2012: $133,8852012Assets 2013: $398,053Liabilities 2013: $50,415Net Assets 2013: $347,6382013Assets 2014: $523,250Liabilities 2014: $47,968Net Assets 2014: $475,2822014Assets 2015: $623,889Liabilities 2015: $71,885Net Assets 2015: $552,0042015Assets 2016: $641,064Liabilities 2016: $60,234Net Assets 2016: $580,8302016Assets 2017: $580,077Liabilities 2017: $77,473Net Assets 2017: $502,6042017Assets 2018: $970,645Liabilities 2018: $46,970Net Assets 2018: $923,6752018Assets 2019: $1,034,981Liabilities 2019: $691,698Net Assets 2019: $343,2832019Assets 2020: $1,047,559Liabilities 2020: $588,137Net Assets 2020: $459,4222020Assets 2021: $1,205,864Liabilities 2021: $596,997Net Assets 2021: $608,8672021Assets 2022: $1,165,621Liabilities 2022: $578,426Net Assets 2022: $587,1952022Assets 2023: $1,255,646Liabilities 2023: $681,892Net Assets 2023: $573,7542023Assets 2024: $1,429,635Liabilities 2024: $683,110Net Assets 2024: $746,5252024

Highlighted filing

2017

Assets$580,077
Liabilities$77,473
Net Assets$502,604
Open 2017 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,018,6922011Expenses 2012: $808,7252012Revenue 2013: $923,602Expenses 2013: $709,849Net Income 2013: $213,7532013Revenue 2014: $863,931Expenses 2014: $736,287Net Income 2014: $127,6442014Revenue 2015: $1,011,297Expenses 2015: $934,575Net Income 2015: $76,7222015Revenue 2016: $1,091,283Expenses 2016: $1,062,457Net Income 2016: $28,8262016Revenue 2017: $1,021,438Expenses 2017: $1,099,664Net Income 2017: -$78,2262017Revenue 2018: $1,436,730Expenses 2018: $1,015,659Net Income 2018: $421,0712018Revenue 2019: $1,221,465Expenses 2019: $1,267,689Net Income 2019: -$46,2242019Revenue 2020: $1,143,963Expenses 2020: $1,027,824Net Income 2020: $116,1392020Revenue 2021: $1,384,451Expenses 2021: $1,235,006Net Income 2021: $149,4452021Revenue 2022: $1,020,964Expenses 2022: $1,042,636Net Income 2022: -$21,6722022Revenue 2023: $1,277,432Expenses 2023: $1,290,873Net Income 2023: -$13,4412023Revenue 2024: $1,381,568Expenses 2024: $1,208,797Net Income 2024: $172,7712024

Highlighted filing

2017

Revenue$1,021,438
Expenses$1,099,664
Net Income-$78,226
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 8, 2018
Return Version
2017v2.2
Gross Receipts
$1,021,438
Mission and Program Overview

Mission

To maintain economic vitality and quality of life in lake county, illinois by creating and retaining quality jobs, stimulating capital investment, pursuing economic diversity and improving the county's business climate.

To maintain economic vitality and quality of life in lake county, illinois by creating and retaining jobs, stimulating capital investment, pursuing economic diversity and improving the county's business climate.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$623,748$534,173▼ $89,575
Accounts Receivable$1,250$21,373▲ $20,123
Land, Buildings, and Equipment, Net$7,124$15,768▲ $8,644
Prepaid Expenses and Deferred Charges$8,942$8,763▼ $179
Total Assets$641,064$580,077▼ $60,987
Liabilities
Deferred Revenue$30,000$44,057▲ $14,057
Other Liabilities$15,184$23,952▲ $8,768
Accounts Payable and Accrued Expenses$15,050$9,464▼ $5,586
Total Liabilities$60,234$77,473▲ $17,239
Net Assets / Fund Balance
Unrestricted Net Assets$580,830$502,604▼ $78,226
Total Net Assets Fund Balance$580,830$502,604▼ $78,226
Total Liabilities and Net Assets / Fund Balance$641,064$580,077▼ $60,987

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,768$69,475$85,243
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin ConsidinePresident & CEOFT$160,047$20,968$181,015
Michael StevensFormer President & CEOFT$48,149$4,567$52,716

Board Members and Trustees

NameTitle
Richard KorengoldChair
Joseph LunaPast Chair
Aaron LawlorDirector
Barry BurtonDirector
Bradley MuellerDirector
Brent PaxtonDirector
Charles LamphereDirector
Chuck BartelsDirector
Damon HavillDirector
Darren BoundyDirector
Dean GlassbergDirector
Don HansenDirector
Donovan PepperDirector
Frank DeuelDirector
Ghida NeukirchDirector
Jack DanilkowiczDirector
Jeffrey J AndersonDirector
Jesse Peterson HallDirector
K Michael WelchDirector
Kevin MeyersDirector
Lawrence FalbeDirector
Libby BrunsvoldDirector
Michael DanforthDirector
Pat Eaves-heardDirector
Rich HaneyDirector
S Michael RummelDirector
Stephen MaddenDirector
Valery GallagherDirector
Jeffrey PozenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$785,409
Program Service Revenue
$58,753
Investment Income
$376
Other Revenue
$176,900
All Other Contributions
$274,500
Change in Net Assets
$-78,226

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,021,438
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,021,438
Total Revenue per Form 990
$1,021,438
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$603,165
Other Expenses$496,499
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$251,929$36,067-$287,996
Current Officers, Directors, Trustees, and Key Employees$171,372$36,824-$208,196
All Other Expenses$49,419$33,807-$83,226
Other Expenses$55,046--$55,046
Other Employee Benefits$46,430$7,997-$54,427
Occupancy$44,918$7,735-$52,653
Payroll Taxes$34,849$6,001-$40,850
Advertising$38,216--$38,216
Information Technology-$18,552-$18,552
Fees for Services Accounting-$16,705-$16,705
Pension Plan Contributions$9,980$1,716-$11,696
Office Expenses$9,493$1,634-$11,127
Travel$9,196--$9,196
Depreciation Depletion$2,909$501-$3,410
Insurance-$2,662-$2,662
Total Functional Expenses$929,463$170,201$0$1,099,664

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,099,664
Total Expenses per Audited Statements$1,099,664
Total Expenses per Form 990$1,099,664
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Charles LamphereCharles Lamphere Is a Board Member of the Organization.THE ORGANIZATION ENTERED INTO A LEASE FOR ITS NEW OFFICE SPACE. CHARLES LAMPHERE IS PRESIDENT & CEO OF THE LESSOR. STRAIGHT-LINE RENT AND ASSOCIATED EXPENSES OF $9,275 WERE RECOGNIZED ON THE LEASE DURING 2017.No$9,275
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Vacation$15,837
Deferred Rent$8,115
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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 operations committee of the board of governors approves the form 990 and recommends filing the form contingent upon the form 990 being provided to the full board for review and comment.”

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

“The organization's board of governors determines when a conflict of interest exists among its members and advises its members when a conflict does exist.”

Form 990, Part VI, Section B, Line 15

“Compensation studies are periodically performed by an independent party. The studies review compensation for comparable positions and organizations. The board of governors then determines if the organization's compensation package is comparable to other similar entities. The organization historically follows the study's recommendations and schedule for periodic cost of living adjustments.”

Form 990, Part VI, Section C, Line 18

“The organization makes its form 990 available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“Copies of the organization's governing documents, conflict of interest policy, and financial statements are available upon request at the organization's offices.”

Filing and Contact Details

Filer

Filer Name
Lake County Partnership for Economic
EIN
36-4206288
Phone
8475971220
Address
1 OVERLOOK POINT NO 280, LINCOLNSHIRE, IL 60069

Signing Officer

Name
Kevin Considine
Title
President
Phone
8475971220
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Korengold
Formed
1998
Legal Domicile
Il
Voting Board Members
30
Independent Board Members
29
Employees
7
Volunteers
0

Preparer

Firm
Pasquesi Sheppard LLC
Address
585 BANK LANE, LAKE FOREST, IL 60045
Preparer
David P Witt
Phone
8472345000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Miscellaneous: program service expenses 22,898. Management and general expenses 7,762. Fundraising expenses 0. Total expenses 30,660. Moving expense: program service expenses 0. Management and general expenses 24,246. Fundraising expenses 0. Total expenses 24,246. Telephone: program service expenses 8,945. Management and general expenses 1,540. Fundraising expenses 0. Total expenses 10,485. Printing: program service expenses 10,129. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,129. Dues and subscriptions: program service expenses 7,447. Management and general expenses 259. Fundraising expenses 0. Total expenses 7,706.”

Form 990, Part XII, Line 2C

“There were no changes to the organization's oversight or selection process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“Management has adopted accounting provisions that impose a threshold for determining when uncertain tax positions should be disclosed or recorded. The threshold now imposed for financial statement reporting generally is higher than the threshold now imposed for claiming deductions on income tax returns. The organization utilized the "more likely than not" criteria and determined that all of their tax positions meet that criteria. Therefore, the organization has not recorded any adjustments or disclosed any situations that arose from uncertain tax positions.”

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IRS990/Form990PartVIISectionAGrp/PersonNm8AARON LAWLOR
IRS990/Form990PartVIISectionAGrp/PersonNm9LAWRENCE FALBE
IRS990/Form990PartVIISectionAGrp/PersonNm10K MICHAEL WELCH
IRS990/Form990PartVIISectionAGrp/PersonNm11CHARLES LAMPHERE
IRS990/Form990PartVIISectionAGrp/PersonNm12DONOVAN PEPPER
IRS990/Form990PartVIISectionAGrp/PersonNm13JOSEPH LUNA
IRS990/Form990PartVIISectionAGrp/PersonNm14RICHARD KORENGOLD
IRS990/Form990PartVIISectionAGrp/PersonNm15JEFFREY POZEN
IRS990/Form990PartVIISectionAGrp/PersonNm16KEVIN CONSIDINE
IRS990/Form990PartVIISectionAGrp/PersonNm17JACK DANILKOWICZ
IRS990/Form990PartVIISectionAGrp/PersonNm18JEFFREY J ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm19KEVIN MEYERS
IRS990/Form990PartVIISectionAGrp/PersonNm20LIBBY BRUNSVOLD
IRS990/Form990PartVIISectionAGrp/PersonNm21DON HANSEN
IRS990/Form990PartVIISectionAGrp/PersonNm22BRADLEY MUELLER
IRS990/Form990PartVIISectionAGrp/PersonNm23STEPHEN MADDEN
IRS990/Form990PartVIISectionAGrp/PersonNm24MICHAEL DANFORTH
IRS990/Form990PartVIISectionAGrp/PersonNm25PAT EAVES-HEARD
IRS990/Form990PartVIISectionAGrp/PersonNm26RICH HANEY
IRS990/Form990PartVIISectionAGrp/PersonNm27JESSE PETERSON HALL
IRS990/Form990PartVIISectionAGrp/PersonNm28DAMON HAVILL
IRS990/Form990PartVIISectionAGrp/PersonNm29BRENT PAXTON
IRS990/Form990PartVIISectionAGrp/PersonNm30MICHAEL STEVENS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3048149
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt15TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30FORMER PRESIDENT & CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt030
IRS990/GovernmentGrantsAmt0510909
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01021438
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt029
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt018552
IRS990/InformationTechnologyGrp/TotalAmt018552
IRS990/InsuranceGrp/ManagementAndGeneralAmt02662
IRS990/InsuranceGrp/TotalAmt02662
IRS990/InvestmentIncomeGrp/ExclusionAmt0376
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0376
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt069475
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07124
IRS990/LandBldgEquipBasisNetGrp/EOYAmt015768
IRS990/LandBldgEquipCostOrOtherBssAmt085243
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO MAINTAIN ECONOMIC VITALITY AND QUALITY OF LIFE IN LAKE COUNTY, ILLINOIS BY CREATING AND RETAINING QUALITY JOBS, STIMULATING CAPITAL INVESTMENT, PURSUING ECONOMIC DIVERSITY AND IMPROVING THE COUNTY'S BUSINESS CLIMATE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0580830
IRS990/NetAssetsOrFundBalancesEOYAmt0502604
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt01000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt07735
IRS990/OccupancyGrp/ProgramServicesAmt044918
IRS990/OccupancyGrp/TotalAmt052653
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01634
IRS990/OfficeExpensesGrp/ProgramServicesAmt09493
IRS990/OfficeExpensesGrp/TotalAmt011127
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07997
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt046430
IRS990/OtherEmployeeBenefitsGrp/TotalAmt054427
IRS990/OtherExpensesGrp/Desc0AWARDS AND GRANTS
IRS990/OtherExpensesGrp/Desc1INVESTOR EVENTS
IRS990/OtherExpensesGrp/Desc2TECHNICAL DATA
IRS990/OtherExpensesGrp/Desc3PUBLIC RELATIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt086595
IRS990/OtherExpensesGrp/ProgramServicesAmt161567
IRS990/OtherExpensesGrp/ProgramServicesAmt257544
IRS990/OtherExpensesGrp/ProgramServicesAmt355046
IRS990/OtherExpensesGrp/TotalAmt086595
IRS990/OtherExpensesGrp/TotalAmt161567
IRS990/OtherExpensesGrp/TotalAmt257544
IRS990/OtherExpensesGrp/TotalAmt355046
IRS990/OtherLiabilitiesGrp/BOYAmt015184
IRS990/OtherLiabilitiesGrp/EOYAmt023952
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0176900
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0176900
IRS990/OtherRevenueTotalAmt0176900
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06001
IRS990/PayrollTaxesGrp/ProgramServicesAmt034849
IRS990/PayrollTaxesGrp/TotalAmt040850
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01716
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09980
IRS990/PensionPlanContributionsGrp/TotalAmt011696
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08942
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08763
IRS990/PrincipalOfficerNm0RICHARD KORENGOLD
IRS990/ProfessionalFundraisingInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$580,077
Liabilities
$77,473
Net assets
$502,604
Revenue
$1,021,438
Expenses
$1,099,664
Net income
-$78,226
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.68$0.75$1.38$1.21$0.17
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.68$0.57$1.28$1.29$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.58$0.59$1.02$1.04$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.60$0.61$1.38$1.24$0.15
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.59$0.46$1.14$1.03$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.69$0.34$1.22$1.27$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.05$0.92$1.44$1.02$0.42
2017Detailed filing. Detailed filing data is available for this year.$0.58$0.08$0.50$1.02$1.10$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.06$0.58$1.09$1.06$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.07$0.55$1.01$0.93$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.52$0.05$0.48$0.86$0.74$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.40$0.05$0.35$0.92$0.71$0.21
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.08$0.13$0.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.10$0.02$1.02