Civic Intelligence

Lake County Partnership for Economic

EIN 36-4206288 • 501(c)3 • Lincolnshire, IL

Profile

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.

1 Overlook Point Suite 280 280Lincolnshire, IL 60069

lakecountypartners.com

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.48x

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

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

Liabilities / Revenue

81st percentile

0.49x

Higher debt load relative to revenue than 81% of similar nonprofits.

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

Net Margin

64th percentile

13%

Higher net margin than 64% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$257,034

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 18.6% of source-year revenue.

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

Asset Growth

72nd percentile

14%

Faster asset growth than 72% of similar nonprofits.

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

Revenue Growth

52nd percentile

8.2%

Faster revenue growth than 52% of similar nonprofits.

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

Assets

Up

$1,429,635

Up $173,989 (+14%) from 2023

Liabilities

Up

$683,110

Up $1,218 (+0.2%) from 2023

Net Assets

Up

$746,525

Up $172,771 (+30%) from 2023

Revenue

Up

$1,381,568

Up $104,136 (+8.2%) from 2023

Expenses

Down

$1,208,797

Down $82,076 (-6.4%) from 2023

Net Income

Up

$172,771

Up $186,212 (+1385%) from 2023

Trend Graphs

Balance Sheet Trend

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

$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

2024

Assets$1,429,635
Liabilities$683,110
Net Assets$746,525

Operations Trend

Revenue, expenses, and net income by year, with the latest 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

2024

Revenue$1,381,568
Expenses$1,208,797
Net Income$172,771

Filings

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
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 29, 2025
Return Version
2024v5.1
Gross Receipts
$1,381,568
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$1,049,701$1,294,059▲ $244,358
Prepaid Expenses and Deferred Charges$14,360$16,873▲ $2,513
Land, Buildings, and Equipment, Net$5,166$8,767▲ $3,601
Accounts Receivable$50,235$4,400▼ $45,835
Total Assets$1,255,646$1,429,635▲ $173,989
Other Assets Total$136,184$105,536▼ $30,648
Liabilities
Other Liabilities$673,386$638,643▼ $34,743
Accounts Payable and Accrued Expenses$8,506$37,667▲ $29,161
Deferred Revenue-$6,800-
Total Liabilities$681,892$683,110▲ $1,218
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$573,754$666,525▲ $92,771
Net Assets With Donor Restrictions-$80,000-
Total Net Assets Fund Balance$573,754$746,525▲ $172,771
Total Liabilities and Net Assets / Fund Balance$1,255,646$1,429,635▲ $173,989

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$94,471$94,471
Equipment$8,767$53,445$62,212
Other Assets Org$105,536--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024-$80,000--$80,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin ConsidinePresident & CEOFT$218,387$38,647$257,034
Ronald LanzBusiness Development DirecFT$142,320-$142,320
Barbara PrusilaMarketing and CommunicatioFT$113,253$2,665$115,918

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,158,964
Program Service Revenue
$184,000
Investment Income
$38,604
Other Revenue
$0
All Other Contributions
$572,674
Change in Net Assets
$172,771

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,381,568
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$17,704
Total Revenue per Audited Statements
$1,399,272
Total Revenue per Form 990
$1,381,568
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$656,715
Other Expenses$552,082
Total Fundraising Expense$84,189
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$262,545$53,314$19,596$335,455
Current Officers, Directors, Trustees, and Key Employees$154,220$51,407$51,407$257,034
Advertising$82,978--$82,978
Occupancy$37,977$9,359$6,105$53,441
Fees for Services Accounting-$40,019-$40,019
Payroll Taxes$27,968$6,893$4,496$39,357
Other Employee Benefits$21,948$2,921-$24,869
Office Expenses$14,338$3,533$2,305$20,176
All Other Expenses$8,888$4,144-$13,032
Travel$9,623--$9,623
Insurance-$9,128-$9,128
Other Expenses$73,002$8,245-$8,245
Depreciation Depletion$1,743$430$280$2,453
Total Functional Expenses$935,215$189,393$84,189$1,208,797

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,226,501
Expenses per Audited Statements$1,208,797
Total Expenses per Form 990$1,208,797
Expenses Not Reported on Form 990$17,704
Expenses Not Reported on Financial Statements$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 OFFICE SPACE. CHARLES LAMPHERE IS PRESIDENT & CEO OF THE LESSOR. STRAIGHT-LINE RENT AND ASSOCIATED EXPENSES OF $53,941 WERE RECOGNIZED ON THE LEASE DURING THE YEAR.No$53,941
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Conditional Contributions$533,108
Noncurrent Portion of Operating Lease Liability$73,638
Current Portion of Operating Lease Liability$31,897
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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 Dev
EIN
36-4206288
Phone
8475971220
Address
1 OVERLOOK POINT SUITE 280 280, LINCOLNSHIRE, IL 60069

Signing Officer

Name
Kevin Considine
Title
President
Phone
8475971220
Signed
2025-05-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Joyce
Formed
1998
Legal Domicile
Il
Voting Board Members
28
Independent Board Members
27
Employees
5
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 XII, Line 2C

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

Financial Statement Notes

PART V, LINE 4:

This contribution was restricted by the donor for the purposes of hiring a part-time development manager.

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.

Raw XML AppendixShowing 400 of 647 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/ActivityOrMissionDesc0TO 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.
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IRS990/Desc0THE ORGANIZATION IMPLEMENTS AN ECONOMIC DEVELOPMENT PROGRAM THAT FOCUSES ON A) ATTRACTING, RETAINING, AND EXPANDING BUSINESSES, B) ADVOCATING FOR INFRASTRUCTURE IMPROVEMENTS, AND C) SPEARHEADING INITIATIVES THAT BOLSTER BUSINESS SUCCESS. THE ORGANIZATION ACHIEVES THIS THROUGH STRATEGIC RELATIONSHIPS WITH STATE PROGRAM ADMINISTRATORS, THE LAKE COUNTY DEVELOPMENT COMMUNITY, AND MUNICIPALITIES WITHIN LAKE COUNTY. AS A RESULT, LAKE COUNTY MAINTAINS AND CONTINUES TO IMPROVE ITS APPEAL AS A GREAT PLACE TO LIVE, WORK, AND GROW.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt292665
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IRS990/Form990PartVIISectionAGrp/PersonNm1CHRISTOPHER R BLAYLOCK
IRS990/Form990PartVIISectionAGrp/PersonNm2MARAH ALTENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm3ANGELO D KYLE
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES ROLFE
IRS990/Form990PartVIISectionAGrp/PersonNm5WENDY RHEAULT
IRS990/Form990PartVIISectionAGrp/PersonNm6THOMAS HUTCHINSON
IRS990/Form990PartVIISectionAGrp/PersonNm7DERRICK BURRESS
IRS990/Form990PartVIISectionAGrp/PersonNm8JOSEPH LUNA
IRS990/Form990PartVIISectionAGrp/PersonNm9SANDY HART
IRS990/Form990PartVIISectionAGrp/PersonNm10TRENT GORDON
IRS990/Form990PartVIISectionAGrp/PersonNm11LAWRENCE FALBE
IRS990/Form990PartVIISectionAGrp/PersonNm12CHARLES LAMPHERE
IRS990/Form990PartVIISectionAGrp/PersonNm13DONOVAN PEPPER
IRS990/Form990PartVIISectionAGrp/PersonNm14RICHARD KORENGOLD
IRS990/Form990PartVIISectionAGrp/PersonNm15KEVIN HUNTER
IRS990/Form990PartVIISectionAGrp/PersonNm16KEVIN CONSIDINE
IRS990/Form990PartVIISectionAGrp/PersonNm17KEVIN MYERS
IRS990/Form990PartVIISectionAGrp/PersonNm18STEPHEN MADDEN
IRS990/Form990PartVIISectionAGrp/PersonNm19JACK DANILKOWICZ
IRS990/Form990PartVIISectionAGrp/PersonNm20DAVID ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm21CONNIE LAVIN
IRS990/Form990PartVIISectionAGrp/PersonNm22DAN JOYCE
IRS990/Form990PartVIISectionAGrp/PersonNm23CHERI RICHARDSON
IRS990/Form990PartVIISectionAGrp/PersonNm24JILL BAREN
IRS990/Form990PartVIISectionAGrp/PersonNm25NIKKI FERNANDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm26JOHN MCCANN
IRS990/Form990PartVIISectionAGrp/PersonNm27MICHAEL MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm28RONALD LANZ
IRS990/Form990PartVIISectionAGrp/PersonNm29BARBARA PRUSILA
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHAIR
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/TitleTxt28BUSINESS DEVELOPMENT DIREC
IRS990/Form990PartVIISectionAGrp/TitleTxt29MARKETING AND COMMUNICATIO
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IRS990/GrantsToOrganizationsInd00
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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.
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IRS990/OtherExpensesGrp/Desc0TECHNICAL DATA
IRS990/OtherExpensesGrp/Desc1ECONOMIC DEVELOPMENT
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