Lakes Region Historical Society
- Assets
- $813.8k
- Revenue
- $18.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Antioch, IL
- Founding
- 03/1984
- Data as of
- 12/2019
- EIN
- 36-3245892
Organization Overview
Lakes Region Historical Society is located in Antioch, IL. The organization was established in 1984. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakes Region Historical Society 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 12/2019, Lakes Region Historical Society generated $18.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $59.5k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO RESEARCH, ACQUIRE, PRESERVE, DISPLAY, AND DISSEMINATE INFORMATION RELATING TO THE HISTORY OF THE CHAIN-O-LAKES AREA OF NORTHERN LAKE COUNTY, ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATIONAL SERVICES AS THE HISTORICAL AND CULTURAL ASPECTS OF THE LAKES REGION AREA TO SOCIETY MEMBERS AND THE GENERAL PUBLIC WHO SEEK DISPLAYS, GENEALOGICAL RECORDS AND OTHER PERTINENT SERVICES AND INFORMATION. VISITORS AND INQUIRIES NUMBER IN THE HUNDREDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Cole Vice-President/secretary | Officer | 6 | $0 |
Ted W Sokulski Treasurer | Officer | 6 | $0 |
Ainsley Wonderling History Manager | Officer | 15 | $0 |
Betty Ann Ralston President | Officer | 12 | $0 |
Robin Kessell Trustee | Trustee | 3 | $0 |
Jan Burdick Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $70 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,032 |
| Total Program Service Revenue | $0 |
| Investment income | $864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $84 |
| Net Rental Income | $7,057 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $230 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,267 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $146 |
| Advertising and promotion | $1,122 |
| Office expenses | $211 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,491 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,052 |
| Insurance | $5,491 |
| All other expenses | $0 |
| Total functional expenses | $59,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,481 |
| Savings and temporary cash investments | $85,490 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,400 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $713,449 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $813,820 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $960 |
| Total liabilities | $960 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $812,860 |
| Total liabilities and net assets/fund balances | $813,820 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lakes Region Historical Society has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Historical Society Indianapolis, IN | $152,627,726 | $15,739,974 |
Steel Founders Society Of America Crystal Lake, IL | $6,567,517 | $7,560,615 |
Historic Landmarks Foundation Of Indiana Inc Indianapolis, IN | $92,679,775 | $11,879,556 |
Colonel Il James N Pritzker Library For The Citizen Soldier Chicago, IL | $30,735,848 | $6,408,136 |
Hoyt Sherman Place Foundation Des Moines, IA | $25,209,028 | $4,318,549 |
American Opinion Foundation Inc Appleton, WI | $4,682,811 | $5,136,878 |
Frank Lloyd Wright Trust Chicago, IL | $6,763,209 | $2,823,161 |
Chicago Police Memorial Foundation Chicago, IL | $19,000,783 | $6,539,777 |
National Society Of The Sons Of The American Revolution Louisville, KY | $16,631,721 | $2,986,592 |
Otho S A Sprague Memorial Institute Chicago, IL | $50,228,527 | $3,261,875 |
Orpheum Theatre Preservation Project Ltd Sioux City, IA | $9,952,360 | $2,698,691 |
Ffta Properties Inc Louisville, KY | $0 | $208,684 |