Lake Forest Day Foundation
- Assets
- $881.1k
- Revenue
- $64.2k
- Investments
- $863.5k
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 01/2008
- Data as of
- 06/2024
- EIN
- 26-1218533
Organization Overview
Lake Forest Day Foundation is located in Lake Forest, IL. The organization was established in 2008. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Forest Day Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Lake Forest Day Foundation generated $64.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $68.6k during the year ending 06/2024. While expenses have increased by 2.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Nash Life Director | 0 | $0 | |
Jack Preschlack Life Director | 0 | $0 | |
Arthur Wood President | 0 | $0 | |
Susan Banks Secretary | 0 | $0 | |
Deborah Saran Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $774 |
| Dividends & Interest | $18,038 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,392 |
| Capital Gain Net Income | $45,392 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $64,204 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $816 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $71 |
| Total operating and administrative expenses | $14,633 |
| Contributions, gifts, grants paid | $54,000 |
| Total expenses and disbursements | $68,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,548 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $863,529 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $881,077 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lake Forest Day Foundation has awarded $53,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MCKINLOCK AM LEGION POST PURPOSE: TO FUND THE ANNUAL LAKE FOREST DAY PARADE. | $32,600 |
LAKE COUNTY VETERANS PURPOSE: TO ASSIST OTHER NONPROFIT ORGANIZATIONS WHO SUPPORT VETERANS. | $20,400 |