The Lake Forest Library Foundation

Organization Overview

The Lake Forest Library Foundation is located in Lake Forest, IL. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Forest Library Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE LAKE FOREST LIBRARY THROUGH THE CREATION AND MAINTENANCE OF AN ENDOWMENT FUND AND TO RAISE FUNDS FOR CAPITAL PROJECTS WHEN APPROVED BY THE LIBRARY BOARD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION OPERATES TO SUPPORT THE LAKE FOREST LIBRARY .


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Board, Officers & Key Employees

Name (title)Compensation
Mark Saran
President
$0
Steve Sinclair
Vice President
$0
L Robert Pasquesi
Treasurer
$0
Michael Hoeft
Secretary
$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$42,936
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$42,936
Total Program Service Revenue$0
Investment income $5,537
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$14,709
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $33,764

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