Lake County Community Foundation
- Assets
- $19.7m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2006
- Data as of
- 09/2021
- EIN
- 20-3654399
Organization Overview
Lake County Community Foundation is located in Chicago, IL. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake County Community 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 09/2021, Lake County Community Foundation generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $2.5m during the year ending 09/2021. While expenses have increased by 16.5% per year over the past 6 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 2018, Lake County Community Foundation has awarded 185 individual grants totaling $5,320,090. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE QUALITY OF LIFE OF THE MOST VULNERABLE RESIDENTS OF LAKE COUNTY BY PROVIDING CIVIC LEADERSHIP, PROMOTING COLLECTIVE PHILANTHROPY, AND PARTNERING WITH GRANTEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAKE COUNTY COMMUNITY FOUNDATION IS A PHILANTHROPIC GRANTMAKING INSTITUTION THAT SUPPORTS THE MISSION OF THE CHICAGO COMMUNITY TRUST AND THE CHICAGO COMMUNITY FOUNDATION THROUGH GRANTING FUNDS TO CHARITABLE ORGANIZATIONS WITHIN A DESGINATED CLASS OR PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gale Strenger Wayne Director And Vice-Chair (until 05/19/21) | OfficerTrustee | 1 | $0 |
Tiffany Alexander Director And Secretary | OfficerTrustee | 1 | $0 |
Kenneth Gotsch Director And Treasurer | OfficerTrustee | 1 | $0 |
Martha R Hinchman Director And Chair | OfficerTrustee | 1 | $0 |
Jessica Strausbaugh Assistant Treasurer | Officer | 1 | $0 |
Maggie Morales Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $371,250 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,841,836 |
| Noncash contributions included in lines 1a–1f | $304,208 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,213,086 |
| Total Program Service Revenue | $0 |
| Investment income | $190,387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,163,083 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,569,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,714,142 |
| 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 | $3,355 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,815 |
| Fees for services: Other | $10,960 |
| Advertising and promotion | $27,169 |
| Office expenses | $8,228 |
| Information technology | $3,195 |
| Royalties | $0 |
| Occupancy | $5,988 |
| Travel | $311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,815 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,452 |
| All other expenses | $1,437 |
| Total functional expenses | $2,457,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,272 |
| Savings and temporary cash investments | $0 |
| 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 | $19,535,074 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,682,346 |
| Accounts payable and accrued expenses | $209,392 |
| Grants payable | $74,500 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $215,916 |
| 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 | $499,808 |
| Net assets without donor restrictions | $19,182,538 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $19,682,346 |
Grants Awarded
Over the last fiscal year, Lake County Community Foundation has awarded $1,641,539 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
Highwood, IL PURPOSE: General Operating Support | $150,000 |
Lake Forest, IL PURPOSE: In support of the organization's emergency food assistance programs to feed individuals and families affected by COVID. | $142,000 |
North Chicago, IL PURPOSE: To support the organization's Care Connection Program, a free mobile health program increasing access to healthcare, COVID-19 health literacy, vaccine literacy and COVID-19 vaccines for people in need throughout Lake County. | $107,500 |
FIGHT2FEED A CHARITABLE ORGANIZATION PURPOSE: In support of providing emergency food relief to Lake County residents affected by COVID. | $100,000 |
SEDGEBROOK OPCO (SL-VII) LLC PURPOSE: General Operating Support | $87,000 |
WAUKEGAN PUBLIC LIBRARY PURPOSE: In support of the African American Community Partnership Group and the Asociacion Comunitaria Latina's grassroots efforts to register people for COVID-19 vaccine and provide education, outreach and vaccine incentives in communities that have been hardest hit by the pandemic. | $65,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lake County Community Foundation has recieved totaling $122,396.
| Awarding Organization | Amount |
|---|---|
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $50,250 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $50,250 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,896 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $8,000 |
Garrett Family Foundation Lake Forest, IL PURPOSE: CHARITY'S EXEMPT PURPOSE | $1,000 |
Endowment Analysis
| Beg. Balance | $7,825,405 |
| Earnings | $2,279,863 |
| Admin Expense | $90,400 |
| Net Contributions | $465,790 |
| Grants | $296,424 |
| Ending Balance | $10,184,234 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Chicago Cubs Charities Chicago, IL | $11,765,252 | $2,315,259 |