Lake Forest-Lake Bluff Senior Citizens Foundation
- Assets
- $4.7m
- Revenue
- $294.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 12/1997
- Data as of
- 04/2024
- EIN
- 36-4188968
Organization Overview
Lake Forest-Lake Bluff Senior Citizens Foundation is located in Lake Forest, IL. The organization was established in 1997. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Forest-Lake Bluff Senior Citizens 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 04/2024, Lake Forest-Lake Bluff Senior Citizens Foundation generated $294.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $271.1k during the year ending 04/2024. 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.
Since 2016, Lake Forest-Lake Bluff Senior Citizens Foundation has awarded 39 individual grants totaling $1,702,713. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PARTIAL FUNDING FOR THE LAKE FOREST-LAKE BLUFF SENIOR CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR SENIOR CENTER PROGRAM ACTIVITIES, CAPITAL IMPROVEMENTS, AND TRANSPORTATION PROGRAM
PROVIDE SUPPORT FOR SOCIAL SERVICE PROGRAMS FOR SENIOR CITIZENS, INCLUDING SENIOR ADVOCATE AND SOCIAL WORKER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Lemieux Vice President | OfficerTrustee | 3 | $0 |
Steve Potsic President | OfficerTrustee | 3 | $0 |
Joann Desmond Treasurer | OfficerTrustee | 3 | $0 |
Cathy Waldeck Secretary | OfficerTrustee | 3 | $0 |
Jim Blanda Director | Trustee | 1 | $0 |
Mark Dewart Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,018 |
| Total Program Service Revenue | $0 |
| Investment income | $195,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,418 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,695 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $210,125 |
| 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 | $14,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,598 |
| Advertising and promotion | $0 |
| Office expenses | $10,583 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,177 |
| All other expenses | $13,300 |
| Total functional expenses | $271,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,880 |
| Savings and temporary cash investments | $51,994 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,607,927 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,678,801 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,021,013 |
| Net assets with donor restrictions | $657,788 |
| 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 | $4,678,801 |
Grants Awarded
Over the last fiscal year, Lake Forest-Lake Bluff Senior Citizens Foundation has awarded $207,506 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SENIOR RESOURCES COMMISSION PURPOSE: FINANCIAL SUPPORT | $77,520 |
SENIOR TRANSPORTATION PURPOSE: TRANSPORTATION SERVICE | $49,565 |
THE JOSSELYN CENTER NFP PURPOSE: SOCIAL SERVICES | $55,421 |
FAITH IN ACTION PURPOSE: SOCIAL SERVICES | $25,000 |