Civic Intelligence

Friends of Lane

EIN 47-0971734 • 501(c)3 • Chicago, IL

Profile

Our goal is to build community and support Lane Tech parents, teachers, students, administrators, and staff.

2501 W AddisonChicago, IL 60618

www.friendsoflane.org

Siviq Scores

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

Liabilities / Assets

34th percentile

0.00x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

36th percentile

0.00x

Higher debt load relative to revenue than 36% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

11th percentile

-31%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

17th percentile

-14%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-23%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$901,628

Down $147,801 (-14%) from 2023

Liabilities

Flat

$134

Flat from 2023

Net Assets

Down

$901,494

Down $147,801 (-14%) from 2023

Revenue

Down

$474,232

Down $138,333 (-23%) from 2023

Expenses

Up

$622,033

Up $137,381 (+28%) from 2023

Net Income

Down

-$147,801

Down $275,714 (-216%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2015: $48,165Liabilities 2015: $02015Assets 2016: $92,998Liabilities 2016: $0Net Assets 2016: $92,9982016Assets 2017: $328,819Liabilities 2017: $175,652Net Assets 2017: $153,1672017Assets 2018: $349,227Liabilities 2018: $126,291Net Assets 2018: $222,9362018Assets 2019: $698,635Liabilities 2019: $0Net Assets 2019: $698,6352019Assets 2020: $323,421Liabilities 2020: $6,600Net Assets 2020: $316,8212020Assets 2021: $563,254Liabilities 2021: $16,123Net Assets 2021: $547,1312021Assets 2022: $921,382Liabilities 2022: $0Net Assets 2022: $921,3822022Assets 2023: $1,049,429Liabilities 2023: $134Net Assets 2023: $1,049,2952023Assets 2024: $901,628Liabilities 2024: $134Net Assets 2024: $901,4942024

Highlighted filing

2024

Assets$901,628
Liabilities$134
Net Assets$901,494

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $85,102Expenses 2015: $36,937Net Income 2015: $48,1652015Revenue 2016: $235,561Expenses 2016: $190,728Net Income 2016: $44,8332016Revenue 2017: $436,356Expenses 2017: $393,236Net Income 2017: $43,1202017Revenue 2018: $489,867Expenses 2018: $420,098Net Income 2018: $69,7692018Revenue 2019: $704,244Expenses 2019: $228,545Net Income 2019: $475,6992019Revenue 2020: $388,298Expenses 2020: $770,112Net Income 2020: -$381,8142020Revenue 2021: $501,690Expenses 2021: $234,687Net Income 2021: $267,0032021Revenue 2022: $614,614Expenses 2022: $240,363Net Income 2022: $374,2512022Revenue 2023: $612,565Expenses 2023: $484,652Net Income 2023: $127,9132023Revenue 2024: $474,232Expenses 2024: $622,033Net Income 2024: -$147,8012024

Highlighted filing

2024

Revenue$474,232
Expenses$622,033
Net Income-$147,801

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Jun 11, 2025
Return Version
2023v6.0
Gross Receipts
$728,456
Mission and Program Overview

Mission

Our goal is to build community and support Lane Tech parents, teachers, students, administrators, and staff.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$884,474$755,139▼ $129,335
Inventories for Sale or Use$141,726$110,595▼ $31,131
Savings and Temporary Cash Investments$23,229$25,894▲ $2,665
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,049,429$901,628▼ $147,801
Other Assets Total-$10,000-
Liabilities
Accounts Payable and Accrued Expenses$134$134→ $0
Total Liabilities$134$134→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,049,295$891,494▼ $157,801
Net Assets With Donor Restrictions-$10,000-
Total Net Assets Fund Balance$1,049,295$901,494▼ $147,801
Total Liabilities and Net Assets / Fund Balance$1,049,429$901,628▼ $147,801
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nikki PeschPresident
Lisa ApplebaumVice President
Jacque PattersonDirector
Janika BrennerDirector
Pam ValentaDirector
Rachel FerrellDirector
Dana BurdenskiSecretary
Ha TruongSecretary/Tech
Susie HauserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$338,360
Program Service Revenue
$0
Investment Income
$8,223
Other Revenue
$127,649
All Other Contributions
$282,150
Change in Net Assets
$-147,801

Audited Revenue Reconciliation

Revenue per Audited Statements
$474,232
Revenue Not Reported on Form 990
$254,224
Total Revenue per Audited Statements
$728,456
Total Revenue per Form 990
$474,232
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$597,930
Other Expenses$24,103
Total Fundraising Expense$10,551
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$597,930--$597,930
Fees for Services Accounting-$7,600-$7,600
Other Expenses-$5,263$735$735
Insurance-$689-$689
Total Functional Expenses$597,930$13,552$10,551$622,033

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$876,257
Expenses per Audited Statements$622,033
Total Expenses per Form 990$622,033
Expenses Not Reported on Form 990$254,224
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lane Tech High SchoolChcagoe, IL--$597,930
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$381,873
Fundraising Direct Expenses$254,224
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spiritwear Sales$166,913$166,913$119,749$47,164
Gala$193,754$137,544$88,344$49,200
Total Events$435,407$379,197$254,224$124,973
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
No
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
No
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 is putting together a review process for the annual 990.

Form 990, Part VI, Section C, Line 18

Per written request to the organization's board of directors.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Friends of Lane
EIN
47-0971734
Phone
7735345400
Address
2501 W Addison, Chicago, IL 60618

Signing Officer

Name
Jacque Patterson
Title
President
Signed
2025-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susie Hauser
Formed
2014
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Mugnolo & Associates Ltd
Address
38 Lancaster Court, Burr Ridge, IL 60527
Preparer
Carmen Mugnolo
Phone
6302209853
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization has previously received notice from the Internal Revenue Service of exemption from income tax under Section 501(c)(3) of the Internal Revenue Service (IRS). The Organization is not classified as a private foundation. No provisions for income taxes are required for the years ended July 31, 2024 and 2023 as the Organization had no unrelated business income. The Organization has no uncertain tax positions for the years ended July 31, 2024 and 2023. The Organization's Form 990, Return of Organization Exempt from Income tax, for the prior three years are subject to examination by the IRS

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

$254224

Part XII, Line 2D: Other expenses and losses per audited F/S

Net Fundraising expenses $237943 $16281

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IRS990/SavingsAndTempCashInvstGrp/BOYAmt023229
IRS990/SavingsAndTempCashInvstGrp/EOYAmt025894
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0282150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0349831
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0389637
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0377472
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0292153
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01691243
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89740
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01517718
IRS990ScheduleA/SubstantialContributorsTotAmt0173525
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0282150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0349831
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0389637
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0377472
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0292153
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01691243
IRS990ScheduleA/TotalSupportAmt01691243
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotReportedAmt0254224
IRS990ScheduleD/ExpensesSubtotalAmt0622033
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0254224
IRS990ScheduleD/OtherRevenueAmt0254224
IRS990ScheduleD/RevenueNotReportedAmt0254224
IRS990ScheduleD/RevenueSubtotalAmt0474232
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has previously received notice from the Internal Revenue Service of exemption from income tax under Section 501(c)(3) of the Internal Revenue Service (IRS). The Organization is not classified as a private foundation. No provisions for income taxes are required for the years ended July 31, 2024 and 2023 as the Organization had no unrelated business income. The Organization has no uncertain tax positions for the years ended July 31, 2024 and 2023. The Organization's Form 990, Return of Organization Exempt from Income tax, for the prior three years are subject to examination by the IRS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1$254224
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Net Fundraising expenses $237943 $16281
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalExpensesPerForm990Amt0622033
IRS990ScheduleD/TotalRevenuePerForm990Amt0474232
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0876257
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gala
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Spiritwear Sales
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0166913
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt074740
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0137544
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0166913
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt074740
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0379197
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0124973
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt046131
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0254224
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt088344
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0119749
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt04
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0597930
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Lane Tech High School
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02501 West Addison
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Chcagoe
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060618
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Part II, line 1, Column (h)Name of Organization or Government: Lane Tech High School(h)Purpose of the Grant of Assistance: Build community and support Lane Tech parents, teachers, students, administrators, and staff.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Additional Supplemental Information
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board is putting together a review process for the annual 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Per written request to the organization's board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01049429
IRS990/TotalAssetsEOYAmt0901628
IRS990/TotalAssetsGrp/BOYAmt01049429
IRS990/TotalAssetsGrp/EOYAmt0901628
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0338360
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010551
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013552
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0597930
IRS990/TotalFunctionalExpensesGrp/TotalAmt0622033
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0134
IRS990/TotalLiabilitiesEOYAmt0134
IRS990/TotalLiabilitiesGrp/BOYAmt0134
IRS990/TotalLiabilitiesGrp/EOYAmt0134
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01049295

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