Friends Of Lake Forest Parks And Recreation
- Assets
- $990.4k
- Revenue
- $433.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 05/2001
- Data as of
- 09/2021
- EIN
- 36-4202592
Organization Overview
Friends Of Lake Forest Parks And Recreation is located in Lake Forest, IL. The organization was established in 2001. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Lake Forest Parks And Recreation 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, Friends Of Lake Forest Parks And Recreation generated $433.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $731.3k during the year ending 09/2021. While expenses have increased by 25.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PROGRAMS AND FACILITIES OF THE LAKE FOREST PARKS AND RECREATION DEPARTMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FUND CONSTRUCTION FOR THE DEERPATH GOLF COURSE RENOVATION PROJECT.
TO PROVIDE OPERATING EXPENSE ASSISTANCE TO THE LAKE FOREST PARKS AND RECREATION DEPARTMENT FOR ITS WILDLIFE DISCOVERY CENTER.
TO PURCHASE SAILBOATS AND PROVIDE FINANCIAL SUPPORT TO THE LAKE FOREST PARKS AND RECREATION DEPARTMENT FOR ITS SAILING PROGRAM.
TO PROVIDE PROGRAM SUPPLIES FOR THE KINDERHAVEN PRE-SCHOOL, TO PROVIDE SCHOLARSHIP ASSISTANCE TO THE LAKE FOREST PARKS AND RECREATION DEPARTMENT PARTICIPANTS AND MAINTENANCE PROJECTS FOR ELAWA COTTAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Fabiano Oertel Vice President | OfficerTrustee | 1 | $0 |
Jaclyn Greca President | OfficerTrustee | 1 | $0 |
Shawn Trevino Secretary | OfficerTrustee | 1 | $0 |
Bill Gundlach Treasurer | OfficerTrustee | 1 | $0 |
Patrick Marshall Director | Trustee | 0.5 | $0 |
Laura Brown Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $126,250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $479,352 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $605,602 |
| Total Program Service Revenue | $0 |
| Investment income | $82 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$172,592 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $433,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,224 |
| 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 | $18,435 |
| 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 | $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 | $932 |
| All other expenses | $614 |
| Total functional expenses | $731,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $897,301 |
| Pledges and grants receivable | $93,076 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $990,377 |
| Accounts payable and accrued expenses | $373,580 |
| 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 | $373,580 |
| Net assets without donor restrictions | $9,283 |
| Net assets with donor restrictions | $607,514 |
| 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 | $990,377 |
Grants Awarded
Over the last fiscal year, Friends Of Lake Forest Parks And Recreation has awarded $167,026 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LAKE FOREST PARKS AND RECREATION DEPARTMENT PURPOSE: OPERATING SUPPORT FOR VARIOUS PROGRAMS OF THE LAKE FOREST PARKS AND REC. DEP | $128,615 |
Lake Forest, IL PURPOSE: OPERATING SUPPORT | $36,411 |
Lake Bluff, IL PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Lake Forest Parks And Recreation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Wadsworth Golf Charities Foundation Plainfield, IL PURPOSE: TO FURTHER THE FOUNDATION'S EXEMPT PURPOSES. | $15,000 |
Endowment Analysis
| Beg. Balance | $884,208 |
| Net Contributions | $486,305 |
| Other Expense | $762,999 |
| Ending Balance | $607,514 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cantigny Foundation Wheaton, IL | $482,055,746 | $23,347,648 |
Ball Brothers Foundation Muncie, IN | $163,131,007 | $28,120,087 |
George And Frances Ball Foundation Muncie, IN | $76,278,352 | $7,203,214 |
Friends Of The Robert Crown Center Evanston, IL | $364,936 | $1,586,328 |
Edmund F And Virginia B Ball Foundation Inc Muncie, IN | $23,329,269 | $2,218,558 |
Chicago Parks Foundation Chicago, IL | $6,269,164 | $4,256,299 |
The Tower Grove Park Foundation Saint Louis, MO | $14,895,981 | $1,801,990 |
Ball Foundation Glen Ellyn, IL | $10,980,594 | $409,210 |
Chicago Rowing Foundation Chicago, IL | $1,413,266 | $1,236,194 |
Atchison Ymca Qalicb Inc Kansas City, MO | $9,758,868 | $380,000 |
Friends Of Lake Forest Parks And Recreation Lake Forest, IL | $990,377 | $433,092 |
Pekin Park Foundation Pekin, IL | $1,074,794 | $584,310 |