Civic Intelligence

The Lake Forest Library Foundation

990 • Fiscal year 2022 • EIN 84-4151206

May 01, 2021 to Apr 30, 2022 • Filed on Jun 21, 2022

Organization ProfileN/A
360 E Deerpath RoadLake Forest, IL 60045

(847) 810-4602

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

98th percentile

95%

Higher net margin than 98% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

99th percentile

2764%

Faster asset growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

2758%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$362,227

Up $349,578 (+2764%) from 2021

Net Assets

Up

$362,227

Up $349,578 (+2764%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin98th percentile

Revenue

Up

$366,850

Up $354,015 (+2758%) from 2021

Expenses

Up

$17,272

Up $17,086 (+9186%) from 2021

Net Income

Up

$349,578

Up $336,929 (+2664%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$600K$400K$200K$0Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $12,649Liabilities 2021: $0Net Assets 2021: $12,6492021Assets 2022: $362,227Liabilities 2022: $0Net Assets 2022: $362,2272022Assets 2023: $392,237Liabilities 2023: $0Net Assets 2023: $392,2372023Assets 2024: $484,827Liabilities 2024: $0Net Assets 2024: $484,8272024Assets 2025: $557,237Liabilities 2025: $0Net Assets 2025: $557,2372025

Highlighted filing

2022

Assets$362,227
Liabilities$0
Net Assets$362,227
Open 2022 Filing

Operations Trend

Revenue Growth99th percentile

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

$400K$300K$200K$100K$0Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $12,835Expenses 2021: $186Net Income 2021: $12,6492021Revenue 2022: $366,850Expenses 2022: $17,272Net Income 2022: $349,5782022Revenue 2023: $33,764Expenses 2023: $7,712Net Income 2023: $26,0522023Revenue 2024: $55,111Expenses 2024: $10,753Net Income 2024: $44,3582024Revenue 2025: $62,668Expenses 2025: $4,363Net Income 2025: $58,3052025

Highlighted filing

2022

Revenue$366,850
Expenses$17,272
Net Income$349,578
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2021 to Apr 30, 2022
Signed
Jun 21, 2022
Return Version
2021v4.2
Gross Receipts
$408,215
Mission and Program Overview

Mission

The foundation's purpose is to support the lake forest library in its mission to inspire life-long learning, promote the free and respectful exchange of ideas, and build community.

To support the lake forest library through the creation and maintenance of an endowment fund and to raise funds for capital projects when approved by the library board.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$12,649$311,065▲ $298,416
Investments in Publicly Traded Securities-$51,098-
Savings and Temporary Cash Investments-$64-
Total Assets$12,649$362,227▲ $349,578
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,649$362,227▲ $349,578
Total Net Assets Fund Balance$12,649$362,227▲ $349,578
Total Liabilities and Net Assets / Fund Balance$12,649$362,227▲ $349,578
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Diana TerlatoPresident
Mark SaranVice President
Debbie SaranDirector
Germaine ArnsonSecretary
L Robert PasquesiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$366,453
Program Service Revenue
$0
Investment Income
$397
Other Revenue
$0
All Other Contributions
$366,453
Change in Net Assets
$349,578

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$92,653Avg Stock Price
Total Noncash Contributions3$92,653-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,000
Other Expenses$7,272
Total Fundraising Expense$4,428
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$10,000--$10,000
Other Expenses--$1,888$1,888
Office Expenses-$1,212-$1,212
Insurance-$929-$929
Fees for Service Investment Mgmnt Fees-$703-$703
Total Functional Expenses$10,000$2,844$4,428$17,272
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of Lake Forest - Lake Forest LibraryLake Forest, IL-General Use$10,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 A, Line 2

“Vice president and director are married.”

Form 990, Part VI, Section B, Line 11B

“A copy of the 990 is distributed to the officers of the organization for review before the form is filed with the irs.”

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

“Board members are required to sign a conflict of interest statement annually, indicating they are in compliance with the organization's conflict of interest policy, which gets circulated to all new board members at the beginning of their term.”

Form 990, Part VI, Section C, Line 19

“The organization has a statement on its website that its financial reports are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Lake Forest Library Foundation
EIN
84-4151206
Phone
8478104602
Address
360 E DEERPATH ROAD, LAKE FOREST, IL 60045

Signing Officer

Name
L Robert Pasquesi
Title
Treasurer
Phone
8472345000
Signed
2022-06-21

Organization Details

Principal Officer
L Robert Pasquesi
Formed
2019
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
10
Raw XML Appendix341 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT THE LAKE FOREST LIBRARY THROUGH THE CREATION AND MAINTENANCE OF AN ENDOWMENT FUND AND TO RAISE FUNDS FOR CAPITAL PROJECTS WHEN APPROVED BY THE LIBRARY BOARD.
IRS990/AllOtherContributionsAmt0366453
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0L ROBERT PASQUESI
IRS990/BooksInCareOfDetail/PhoneNum08472345000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0585 BANK LANE SUITE 3000
IRS990/BooksInCareOfDetail/USAddress/CityNm0LAKE FOREST
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060045
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt012649
IRS990/CashNonInterestBearingGrp/EOYAmt0311065
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0366453
IRS990/CYGrantsAndSimilarPaidAmt010000
IRS990/CYInvestmentIncomeAmt0397
IRS990/CYOtherExpensesAmt07272
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0349578
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt017272
IRS990/CYTotalFundraisingExpenseAmt04428
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0366850
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0CONTRIBUTION TO LAKE FOREST LIBRARY FOR UNRESTRICTED USE.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt010000
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0703
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0703
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0DIANA TERLATO
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK SARAN
IRS990/Form990PartVIISectionAGrp/PersonNm2L ROBERT PASQUESI
IRS990/Form990PartVIISectionAGrp/PersonNm3GERMAINE ARNSON
IRS990/Form990PartVIISectionAGrp/PersonNm4DEBBIE SARAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0329
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt010000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt010000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt010000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt041694
IRS990/GrossReceiptsAmt0408215
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0929
IRS990/InsuranceGrp/TotalAmt0929
IRS990/InvestmentIncomeGrp/ExclusionAmt068
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt068
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt051098
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt041365
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S PURPOSE IS TO PROVIDE SUPPORT TO THE LAKE FOREST LIBRARY IN ITS MISSION TO INSPIRE LIFE-LONG LEARNING, PROMOTE THE FREE AND RESPECTFUL EXCHANGE OF IDEAS AND TO BUILD COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt012649
IRS990/NetAssetsOrFundBalancesEOYAmt0362227
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0329
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0329
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt012649
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0362227
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt092463
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01212
IRS990/OfficeExpensesGrp/TotalAmt01212
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PRINTING AND MAILING SE
IRS990/OtherExpensesGrp/Desc1CREDIT CARD PROCESSING
IRS990/OtherExpensesGrp/FundraisingAmt02540
IRS990/OtherExpensesGrp/FundraisingAmt11888
IRS990/OtherExpensesGrp/TotalAmt02540
IRS990/OtherExpensesGrp/TotalAmt11888
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0L ROBERT PASQUESI
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt012835
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0186
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt012649
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0186
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012835
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0349578
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt064
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0324286
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0334286
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION WAS FORMED ON DECEMBER 13, 2019; THEREFORE 2019 WAS A SHORT YEAR FOR PURPOSES OF SCHEDULE A.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III LINE
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0366781
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt012779
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0379560
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt068
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt068
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt068
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt068
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt045274
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0324286
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0334286
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0366781
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt012779
IRS990ScheduleA/Total509Grp/TotalAmt0379560
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0366849
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt012779
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0379628
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
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL USE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF LAKE FOREST - LAKE FOREST LIBRARY
IRS990ScheduleI/RecipientTable/RecipientEIN0366005960
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0360 E DEERPATH ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LAKE FOREST
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060044
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION, IN ACCORDANCE WITH ITS MISSION, PROVIDES FINANCIAL SUPPORT TO THE LAKE FOREST LIBRARY, A GOVERNMENTAL BODY OF THE CITY OF LAKE FOREST.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt03
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0AVG STOCK PRICE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt092653
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION USES A LOCAL BANK WITH AN INVESTMENT DEPARTMENT TO RECEIVE AND SELL STOCK DONATIONS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 32B:
IRS990ScheduleM/ThirdPartiesUsedInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VICE PRESIDENT AND DIRECTOR ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 IS DISTRIBUTED TO THE OFFICERS OF THE ORGANIZATION FOR REVIEW BEFORE THE FORM IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY, INDICATING THEY ARE IN COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, WHICH GETS CIRCULATED TO ALL NEW BOARD MEMBERS AT THE BEGINNING OF THEIR TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A STATEMENT ON ITS WEBSITE THAT ITS FINANCIAL REPORTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012649
IRS990/TotalAssetsEOYAmt0362227
IRS990/TotalAssetsGrp/BOYAmt012649
IRS990/TotalAssetsGrp/EOYAmt0362227
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0366453
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04428
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02844
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt010000
IRS990/TotalFunctionalExpensesGrp/TotalAmt017272
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012649
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0362227
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt010000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0397
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0366850
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012649
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0362227
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0585 BANK LANE
IRS990/USAddress/CityNm0LAKE FOREST
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060045
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0L ROBERT PASQUESI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08472345000
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LAKE FOREST LIBRARY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0844151206
ReturnHeader/Filer/PhoneNum08478104602
ReturnHeader/Filer/USAddress/AddressLine1Txt0360 E DEERPATH ROAD
ReturnHeader/Filer/USAddress/CityNm0LAKE FOREST
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060045
ReturnHeader/ReturnTs02022-06-22T13:26:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0L
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROBERT PASQUESI
ReturnHeader/TaxPeriodBeginDt02021-05-01
ReturnHeader/TaxPeriodEndDt02022-04-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$362,227
Liabilities
$0
Net assets
$362,227
Revenue
$366,850
Expenses
$17,272
Net income
$349,578
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.57$0.00$5.57$0.63$0.04$0.58
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.85$0.00$4.85$0.55$0.11$0.44
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$0.00$3.92$0.34$0.08$0.26
2022Detailed filing. Detailed filing data is available for this year.$3.62$0.00$3.62$3.67$0.17$3.50
2021Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.13$0.00$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00