Civic Intelligence

Lake County Veterans and Family Services Foundation

EIN 45-4739957 • 501(c)3 • Grayslake, IL

Profile

Connect service members and their families with each other and with the benefits and resources they earned and deserve through professionally trained Veteran Peer Specialists, free and confidentially, regardless of discharge status.

100 South Atkinson Road 110Grayslake, IL 60030

www.lakevetsfound.org

Siviq Scores

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

Liabilities / Assets

79th percentile

0.11x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

0.24x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

56th percentile

5.1%

Higher net margin than 56% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

50th percentile

-1.5%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-23%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$414,444

Up $75,853 (+22%) from 2022

Liabilities

Up

$64,536

Up $59,414 (+1160%) from 2022

Net Assets

Up

$349,908

Up $16,439 (+4.9%) from 2022

Revenue

Up

$237,987

Up $5,346 (+2.3%) from 2022

Expenses

Down

$235,545

Down $25,375 (-9.7%) from 2022

Net Income

Up

$2,442

Up $30,721 (+109%) from 2022

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2015: $173,673Liabilities 2015: $977Net Assets 2015: $172,6962015Assets 2016: $127,873Liabilities 2016: $729Net Assets 2016: $127,1442016Assets 2017: $120,312Liabilities 2017: $1,558Net Assets 2017: $118,7542017Assets 2018: $178,757Liabilities 2018: $799Net Assets 2018: $177,9582018Assets 2019: $262,968Liabilities 2019: $2,950Net Assets 2019: $260,0182019Assets 2020: $353,459Liabilities 2020: $21,920Net Assets 2020: $331,5392020Assets 2021: $399,142Liabilities 2021: $2,823Net Assets 2021: $396,3192021Assets 2022: $338,591Liabilities 2022: $5,122Net Assets 2022: $333,4692022Assets 2023: $414,444Liabilities 2023: $64,536Net Assets 2023: $349,9082023

Highlighted filing

2023

Assets$414,444
Liabilities$64,536
Net Assets$349,908

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2015: $185,528Expenses 2015: $44,260Net Income 2015: $141,2682015Revenue 2016: $91,339Expenses 2016: $134,623Net Income 2016: -$43,2842016Revenue 2017: $130,251Expenses 2017: $138,641Net Income 2017: -$8,3902017Revenue 2018: $213,806Expenses 2018: $154,602Net Income 2018: $59,2042018Revenue 2019: $234,517Expenses 2019: $165,676Net Income 2019: $68,8412019Revenue 2020: $233,939Expenses 2020: $177,481Net Income 2020: $56,4582020Revenue 2021: $312,607Expenses 2021: $258,130Net Income 2021: $54,4772021Revenue 2022: $232,641Expenses 2022: $260,920Net Income 2022: -$28,2792022Revenue 2023: $237,987Expenses 2023: $235,545Net Income 2023: $2,4422023

Highlighted filing

2023

Revenue$237,987
Expenses$235,545
Net Income$2,442

Filings

Latest Detailed Filing

The latest 2023 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 8, 2023
Return Version
2022v5.0
Gross Receipts
$236,253
Mission and Program Overview

Mission

Connect service members families with each other with the benefits resources they earned deserve through professionally trained Veteran Peer Specialists, free confidentially, regardless of discharge status

Connect service members and their families with each other and with the benefits and resources they earned and deserve through professionally trained Veteran Peer Specialists.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$190,057$159,652▼ $30,405
Cash and Non-Interest-Bearing Accounts$174,960$143,315▼ $31,645
Savings and Temporary Cash Investments$30,873$31,353▲ $480
Prepaid Expenses and Deferred Charges$1,544$2,859▲ $1,315
Land, Buildings, and Equipment, Net$308--
Total Assets$399,142$338,591▼ $60,551
Other Assets Total$1,400$1,412▲ $12
Liabilities
Accounts Payable and Accrued Expenses$2,823$5,122▲ $2,299
Total Liabilities$2,823$5,122▲ $2,299
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$396,319$333,469▼ $62,850
Total Net Assets Fund Balance$396,319$333,469▼ $62,850
Total Liabilities and Net Assets / Fund Balance$399,142$338,591▼ $60,551
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul BafficoPresident
Christopher R StrideVice President
Debra D LewisDirector
Jeff CercyDirector
Stanley G McCrackenDirector
MJ HodginsSecretary
Ronald BrunerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$227,468
Program Service Revenue
$0
Investment Income
$4,646
Other Revenue
$527
All Other Contributions
$177,976
Change in Net Assets
$-28,279
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$94,415
Grants and Similar Amounts Paid$83,469
Salaries, Compensation, and Employee Benefits$83,036
Total Fundraising Expense$13,595
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$79,969--$79,969
Other Salaries and Wages$50,715$16,905$9,221$76,841
Fees for Services Accounting-$25,291-$25,291
Occupancy-$18,602-$18,602
Office Expenses$2,882$7,353-$10,235
Other Expenses$7,682$1,463-$9,145
Fees for Services Other-$9,094-$9,094
Travel-$7,307$1,000$8,307
Payroll Taxes$4,089$1,363$743$6,195
Advertising$946$1,914$2,631$5,491
Insurance-$4,271-$4,271
Information Technology-$3,561-$3,561
Grants to Domestic Orgs$3,500--$3,500
Depreciation Depletion-$310-$310
Fees for Services Legal-$108-$108
Total Functional Expenses$149,783$97,542$13,595$260,920
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,748
Fundraising Direct Expenses$3,612
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ruck March$53,240$3,748$3,612$136
Total Events$53,240$3,748$3,612$136
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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

Board members receive and electronic copy of form 990 prior to filing. The independent CPA hired to prepare the information returns is available to address questions or concerns prior to filing.

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

The Board has adopted a conflict-of-interest policy and is in the process of adopting a conflict-of-interest disclosure statement. Each Board member will be required to complete or update annually the disclosure statement. All will be reviewed annually by the Board.

Form 990, Part VI, Section B, line 15

The Board has no paid Director nor key employees. The Board reviews all compensation based on performance evaluation in connection with established goals and objectives, and determines compensation reasonableness thereof by reviewing data for similar organizations.

Form 990, Part VI, Section C, line 19

The Organization management provides upon request information subject to IRS public disclosure requirements. Additionally, three most recent years of form 990 filed by the Organization are available at Guidestar.org and/or IRS.Gov.

Filing and Contact Details

Filer

Filer Name
Lake County Veterans and Family Services
EIN
45-4739957
Phone
8479864622
Address
100 South Atkinson Road 110, Grayslake, IL 60030

Signing Officer

Name
Paul Baffico
Title
President
Phone
8479864622
Signed
2023-09-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Baffico
Formed
2012
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
9

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S WESTERN AVENUE, CHICAGO, IL 60643-3206
Preparer
Jason L Gierhahn CPA
Phone
7737794720
Supplemental Narrative

Additional Explanations

Form 990, Part XII, line 2C:

The process has not changed from the prior year.

Raw XML AppendixShowing 400 of 423 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/Desc0The Drop-In Center" is the home base of operations. The Drop-In Center provides a safe place for Veterans and their families to meet and receive help from other Veterans and from Peer Support Specialists. Social enrichment programs such as equine therapy, family outings, private fishing, art therapy, story telling, Black History month celebration; MLK Day activities; Highway Cleanup projects; forest preserve cleanup; Veterans History Project and four weekly Cup-A-Joes to promote Veteran social activities. All are offered to further support the quality of life for Veterans.
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IRS990/ProgSrvcAccomActy2Grp/Desc0The Vets in Need Program establishes a special financial assistance fund to provide discretionary financial assistance to any Veteran and/or current active duty Service Member and their families. Support provided includes food, shelter and other immediate necessities. Additionally in 2021, we started a Food Insecurity Program to distribute food, food cards, gas cards, pre-made meals, sundries, pizzas, cleaning products and cooking instruments to those service member families impacted by COVID pandemic. All support is distributed with our local partners who record every donation: VA, DOD, IDVA, Veterans Closet, Catholic Charities, Kenosha VAC, and more.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Other program activities - Public awareness: The Ruck March is an annual fundraising event that serves the dual purpose to raise funds and to increase awareness to reduce Veteran suicide and to honor all Veterans and Service Members lost to suicide. Organization staff also present programs to various associations and the general public.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0301848
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0223761
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0232109
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0189618
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01174804
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04646
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07101
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06032
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04328
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03970
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt026077
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt08653
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0391
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0391
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.68110
IRS990ScheduleA/PublicSupportPY170Pct00.63950
IRS990ScheduleA/PublicSupportTotal170Amt0818137
IRS990ScheduleA/SubstantialContributorsTotAmt0356667
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0227468
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0301848
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0223761
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0232109
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0189618
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01174804
IRS990ScheduleA/TotalSupportAmt01201272
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt049492
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt049492
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt03612
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Ruck March
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt053240
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt053240
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt03748
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt03748
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0136
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03612
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03612
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt079969
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Gift cards and assistance with various bills (utilities, car repairs, clothes, etc)
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt07583
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Organization makes contributions to other organizations, operates its Vets in Need assistance program activities, in accordance with the Board direct assistance and recordkeeping policy.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board members receive and electronic copy of form 990 prior to filing. The independent CPA hired to prepare the information returns is available to address questions or concerns prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board has adopted a conflict-of-interest policy and is in the process of adopting a conflict-of-interest disclosure statement. Each Board member will be required to complete or update annually the disclosure statement. All will be reviewed annually by the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board has no paid Director nor key employees. The Board reviews all compensation based on performance evaluation in connection with established goals and objectives, and determines compensation reasonableness thereof by reviewing data for similar organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization management provides upon request information subject to IRS public disclosure requirements. Additionally, three most recent years of form 990 filed by the Organization are available at Guidestar.org and/or IRS.Gov.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The process has not changed from the prior year.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0399142
IRS990/TotalAssetsEOYAmt0338591
IRS990/TotalAssetsGrp/BOYAmt0399142
IRS990/TotalAssetsGrp/EOYAmt0338591
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0227468
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013595
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt097542
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0149783
IRS990/TotalFunctionalExpensesGrp/TotalAmt0260920
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02823
IRS990/TotalLiabilitiesEOYAmt05122
IRS990/TotalLiabilitiesGrp/BOYAmt02823
IRS990/TotalLiabilitiesGrp/EOYAmt05122
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0396319
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0333469
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0149783
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04782
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0391
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0232641
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0399142
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0338591
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt01000
IRS990/TravelGrp/ManagementAndGeneralAmt07307
IRS990/TravelGrp/TotalAmt08307
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 South Atkinson Road 110
IRS990/USAddress/CityNm0Grayslake
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060030
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.lakevetsfound.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Paul Baffico
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08479864622
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lake County Veterans and Family Services
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Foundation
ReturnHeader/Filer/BusinessNameControlTxt0LAKE

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