Lakeside Legacy Foundation
- Assets
- $3.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 14
- Location
- Crystal Lake, IL
- Founding
- 10/2002
- Data as of
- 12/2023
- EIN
- 33-1006907
Organization Overview
Lakeside Legacy Foundation is located in Crystal Lake, IL. The organization was established in 2002. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Lakeside Legacy Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeside Legacy 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 12/2023, Lakeside Legacy Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 5.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO PRESERVE AND PROTECT THE DOLE MANSION AND LAKESIDE PROPERTY FOR COMMUNITY USE IN A NATURAL AND HISTORIC SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENTITY SEEKS TO PRESERVE AND PROTECT THE DOLE MANSION AND LAKESIDE ARTS PARK FOR THE COMMUNITY TO EXPERIENCE . LLF HAS ACHIEVED AND CONTINUED TO DO SO BY OFFERING ARTISTS STUDIOS AND EVENT RENTAL SPACE FOR THEM TO EDUCATE OR CREATE THEIR OWN INSPIRING WORKS. THE ENTITY HAD 48 STUDIOS OF WHICH 35 WERE OCCUPIED BY ARTISTS OF ALL GENRE(I.E PAINTERS, PHOTOGRAPHERS, MUSICIANS AND RECORDING ARTISTS).
FARMERS MARKET AT THE DOLE IS AN INDOOR AND OUTDOOR MARKET EXPERIENCE THAT BEGAN IN 2021. THE MARKET SUPPORTS THE PRESERVATION EFFORTS OF THE HISTORIC PROPERTY WHILE SUPPORTING LOCAL SMALL BUSINESSES, MUSICIANS AND OTHER ARTISTS. IT ALSO FEATURES CHILDREN'S ATTRACTIONS AND LIVE MUSIC. THE PROGRAM SERVES BETWEEN 1500-3000 GUESTS IN THE SUMMER OUTDOORS AND BETWEEN 500-750 PEOPLE INDOORS DURING NOVEMBER-APRIL.
THE ENTITY ALSO HAS OTHER PROGRAMS SUCH AS THE 1ST FRIDAY ART SHOWN WHERE LOCAL ARTISTS SHOWCASE THEIR WORK IN THE SAGE AND DOLE GALLERY. IT ALSO HAS THE LISTENING ROOM WHICH HOSTS PERFORMANCES OF MUSICAL ARTISTS ACROSS DIFFERENT GENRES. THE ENTITY REMODELED THE LOUS LOUNGE IN 2022 AND HAD IT OPEN TO PUBLIC EVENTS IN 2023.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Murray Crabtree Treasurer | OfficerTrustee | 5 | $0 |
Bob Fleck Member | Trustee | 1 | $0 |
Jeff Fox Member | Trustee | 1 | $0 |
Jay Lecoque President | OfficerTrustee | 10 | $0 |
Martin Moister Vice Preside | OfficerTrustee | 5 | $0 |
Ronald Russell Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $355,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $355,640 |
| Total Program Service Revenue | $306,771 |
| Investment income | $15,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $303,148 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $171,175 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,152,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $421,283 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $77,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,122 |
| Advertising and promotion | $41,128 |
| Office expenses | $15,674 |
| Information technology | $12,377 |
| Royalties | $0 |
| Occupancy | $2,831 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,938 |
| Insurance | $34,175 |
| All other expenses | $82,476 |
| Total functional expenses | $1,131,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,881 |
| Savings and temporary cash investments | $414,313 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,949 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $40,635 |
| Prepaid expenses and deferred charges | $5,034 |
| Net Land, buildings, and equipment | $2,616,690 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,000 |
| Total assets | $3,112,502 |
| Accounts payable and accrued expenses | $54,289 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $544,077 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,894 |
| Total liabilities | $612,260 |
| Net assets without donor restrictions | $2,321,846 |
| Net assets with donor restrictions | $178,396 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,112,502 |