Lake Forest Open Lands Association
- Assets
- $65.8m
- Revenue
- $6.6m
- Investments
- $16.4m
- Employees
- 26
- Location
- Lake Forest, IL
- Founding
- 03/1968
- Data as of
- 03/2022
- EIN
- 36-6162709
Organization Overview
Lake Forest Open Lands Association is located in Lake Forest, IL. The organization was established in 1968. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 03/2022, Lake Forest Open Lands Association employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Forest Open Lands Association 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 03/2022, Lake Forest Open Lands Association generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $2.2m during the year ending 03/2022. While expenses have increased by 0.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRESERVATION AND MAINTENANCE OF OPEN LANDS, TO PROMOTE A CONNECTION BETWEEN THE COMMUNITY AND THE LAND WITHIN AND TO PROVIDE NATURALIST-LED ENVIRONMENTAL EDUCATION TO SCHOOL CHILDREN AND SPECIAL WORKSHOPS TO CHILDREN, ADULTS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION AND MAINTENANCE OF OPEN LANDS FOR SCIENTIFIC AND EDUCATIONAL PURPOSES - PUBLIC HAS ACCESS TO THE LAND
PROVIDE NATURALIST - LED ENVIRONMENTAL EDUCATION TO SCHOOL CHILDREN AND SPECIAL WORKSHOPS FOR CHILDREN, ADULTS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Sentell President | OfficerTrustee | 40 | $165,210 |
Paula Clair Vice President - Development | 40 | $104,826 | |
Bruce A Reid Vice President | OfficerTrustee | 1 | $0 |
George M Covington Secretary | OfficerTrustee | 1 | $0 |
Steven H Baer Vice President & Treasurer | OfficerTrustee | 1 | $0 |
Frederick G Wacker III Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $275,557 |
| Fundraising events | $373,696 |
| Related organizations | $0 |
| Government grants | $203,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,493,741 |
| Noncash contributions included in lines 1a–1f | $2,255,203 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,346,879 |
| Total Program Service Revenue | $277,238 |
| Investment income | $255,760 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $900 |
| Net Gain/Loss on Asset Sales | $923,135 |
| Net Income from Fundraising Events | -$170,394 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,633,518 |
| 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. | $107,387 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $798,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,975 |
| Payroll taxes | $69,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,440 |
| Fees for services: Accounting | $25,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,300 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $284,839 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,099 |
| Insurance | $61,312 |
| All other expenses | $80,850 |
| Total functional expenses | $2,180,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,128,797 |
| Savings and temporary cash investments | $1,580,350 |
| Pledges and grants receivable | $1,669,732 |
| Accounts receivable, net | $27,182 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,764,661 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,999 |
| Net Land, buildings, and equipment | $39,453,181 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,423,667 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $746,500 |
| Total assets | $65,831,069 |
| Accounts payable and accrued expenses | $173,509 |
| Grants payable | $0 |
| Deferred revenue | $90,173 |
| Tax-exempt bond liabilities | $9,934,613 |
| 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 | $10,198,295 |
| Net assets without donor restrictions | $40,835,910 |
| Net assets with donor restrictions | $14,796,864 |
| 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 | $65,831,069 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake Forest Open Lands Association has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Jean And Cameron Brown Foundation Lake Forest, IL PURPOSE: GENERAL SUPPORT | $2,000 |
Schultz Family Private Foundation Lake Bluff, IL PURPOSE: GENERAL FUND | $500 |
Endowment Analysis
| Beg. Balance | $18,639,174 |
| Net Contributions | $1,347,419 |
| Other Expense | $2,082,588 |
| Ending Balance | $17,904,005 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Openlands Chicago, IL | $37,602,836 | $9,254,791 |
Conservation Foundation Naperville, IL | $10,642,016 | $3,351,729 |
Tall Pines Conservancy Inc Nashotah, WI | $2,243,899 | $2,340,562 |
Lake Forest Open Lands Association Lake Forest, IL | $65,831,069 | $6,633,518 |
Ll Foundation Keytesville, MO | $2,819,800 | $2,090,334 |
Jo Daviess Conservation Foundation Inc Elizabeth, IL | $13,683,840 | $1,728,367 |
Prairie Enthusiasts Inc Viroqua, WI | $12,506,035 | $2,620,729 |
Acres Inc Huntertown, IN | $33,175,317 | $1,636,200 |
Door County Land Trust Inc Sturgeon Bay, WI | $36,318,691 | $4,027,675 |
Ozaukee Washington Land Trust Inc West Bend, WI | $22,989,724 | $5,053,891 |
Central Indiana Land Trust Incorporated Indianapolis, IN | $29,163,187 | $2,880,551 |
Bluegrass Conservancy Inc Lexington, KY | $3,752,784 | $961,276 |