BETA

Three Lakes Foundation Trust: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
Three Lakes Foundation Trust (EIN 84-6979177)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-16
IRS object ID
202441379349100829
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-16T12:00:45+00:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN346565596PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ERNST & YOUNG US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1155 N WACKER DRIVEAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN846979177EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Three Lakes Foundation TrustBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTHREBusinessNameControlTxt
Phone8475592001PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13100 Sanders Rd 500AddressLine1Txt
CityNorthbrookCityNm
State AbbreviationILStateAbbreviationCd
ZIP600627155ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSARAH BARRYPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone8475592001PhoneNum
Signature2024-05-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonVoula SpyridisPreparerPersonNm
PTINP01795600PTIN
Phone3128792000PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,803,147FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$3,863,376ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$25,738InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$25,738InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$2,255,325NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$3,854,924GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,255,325CapGainNetIncmNetInvstIncmAmt
Gross Sales Less Ret And Allwnc$0GrossSalesLessRetAndAllwncAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Rev And Expnss$0GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$0OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$0OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$0OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$6,144,439TotalRevAndExpnssAmt
Total Net Invst Incm$2,281,063TotalNetInvstIncmAmt
Total Adj Net Incm$0TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm$0CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$2,958LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$2,958LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$10,446AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$10,746AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$1,514,054OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$0OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$0OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$1,515,866OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$0TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Adj Net Incm$0TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$0DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$0DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm$0DeprecAndDpltnAdjNetIncmAmt
Trav Conf Meeting Rev And Expnss$37,079TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$0TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Adj Net Incm$0TravConfMeetingAdjNetIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$39,981TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$212,780OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$0OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$0OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$212,683OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,777,317TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,782,234TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,565,284ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$2,069,228ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$3,342,601TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$3,851,462TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$2,801,838ExcessRevenueOverExpensesAmt
Net Investment Income$2,281,063NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,151CashBOYAmt
Cash EOY$0CashEOYAmt
Cash EOYFMV$0CashEOYFMVAmt
Sav And Temp Cash Invst BOY$1,767,270SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,797,314SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,797,314SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl BOY$0AcctRcvblBOYAmt
Acct Rcvbl EOY$0AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$0AcctRcvblEOYFMVAmt
Pledges Rcvbl EOY$0PledgesRcvblEOYAmt
Pledges Rcvbl EOYFMV$0PledgesRcvblEOYFMVAmt
Rcvbl From Officers BOY$0RcvblFromOfficersBOYAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Rcvbl From Officers EOYFMV$0RcvblFromOfficersEOYFMVAmt
Other Nts And Loans Rcvbl$0OtherNtsAndLoansRcvblAmt
Other Rcvbl Allwnc Dbtfl Acct$0OtherRcvblAllwncDbtflAcctAmt
Other Nts And Loans Rcvbl BOY$0OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$0OtherNtsAndLoansRcvblEOYFMVAmt
Prepaid Expenses BOY$5,833PrepaidExpensesBOYAmt
Prepaid Expenses EOY$5,833PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$5,833PrepaidExpensesEOYFMVAmt
US Government Obligations BOY$0USGovernmentObligationsBOYAmt
US Government Obligations EOY$0USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$0USGovtObligationsEOYFMVAmt
Corporate Stock BOY$0CorporateStockBOYAmt
Corporate Stock EOY$0CorporateStockEOYAmt
Corporate Stock EOYFMV$0CorporateStockEOYFMVAmt
Corporate Bonds BOY$0CorporateBondsBOYAmt
Corporate Bonds EOYFMV$0CorporateBondsEOYFMVAmt
Invst Land Cost Or Other Basis$0InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation$0InvstLandAccumDepreciationAmt
Land Bldg Investments BOY$0LandBldgInvestmentsBOYAmt
Land Bldg Investments EOYFMV$0LandBldgInvestmentsEOYFMVAmt
Other Investments BOY$0OtherInvestmentsBOYAmt
Other Investments EOY$0OtherInvestmentsEOYAmt
Other Investments EOYFMV$0OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$0LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$0LandBldgEquipAccumDeprecAmt
Land BOY$0LandBOYAmt
Land EOYFMV$0LandEOYFMVAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$1,774,254TotalAssetsBOYAmt
Total Assets EOY$1,803,147TotalAssetsEOYAmt
Total Assets EOYFMV$1,803,147TotalAssetsEOYFMVAmt
Accounts Payable BOY$12,112AccountsPayableBOYAmt
Accounts Payable EOY$10,000AccountsPayableEOYAmt
Grants Payable BOY$1,120,264GrantsPayableBOYAmt
Grants Payable EOY$616,320GrantsPayableEOYAmt
Loans From Officers BOY$0LoansFromOfficersBOYAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable BOY$0MortgagesAndNotesPayableBOYAmt
Mortgages And Notes Payable EOY$0MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$3,112OtherLiabilitiesBOYAmt
Other Liabilities EOY$0OtherLiabilitiesEOYAmt
Total Liabilities BOY$1,135,488TotalLiabilitiesBOYAmt
Total Liabilities EOY$626,320TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$638,766NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,176,827NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$638,766TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,176,827TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,774,254TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,803,147TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$638,766TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$2,801,838ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$3,440,604SubtotalAmt
Other Decreases$2,263,777OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,176,827TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly Traded SecuritiesPropertyDesc
Gross Sales Price$3,854,924GrossSalesPriceAmt
Cost Or Other Basis$1,599,599CostOrOtherBasisAmt
Gain Or Loss$2,255,325GainOrLossAmt
Excess FMV Over Adjusted Bss$0ExcessFMVOverAdjustedBssAmt
Gains Minus Excess Or Losses$2,255,325GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$2,255,325CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$0NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$31,707InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$31,707SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$31,707TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$63,495EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$63,495TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Overpayment$31,788OverpaymentAmt
Applied To ES Tax$31,788AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityYes (true)OwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressHTTPS://THREELAKESFOUNDATION.ORG/WebsiteAddressTxt
Individual With BooksSARAH BARRYIndividualWithBooksNm
Phone8475592001PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13100 SANDERS ROAD SUITE 500AddressLine1Txt
CityNORTHBROOKCityNm
State AbbreviationILStateAbbreviationCd
ZIP600627155ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnYes (true)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1J THOMAS HURVISBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line13100 SANDERS ROADAddressLine1Txt
Address Line2SUITE 500AddressLine2Txt
CityNORTHBROOKCityNm
State AbbreviationILStateAbbreviationCd
ZIP600627155ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos1.000AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdService TypeServiceTypeTxtCompensationCompensationAmt
The Hurvis Group LLC
3100 Sanders RoadSuite 500NorthbrookIL60062PROFESSIONAL SERVICES$1,361,400
Media Cause Inc
1436 U St NWSuite 400WashingtonDC20009CONSULTING$216,221

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1MarCom - See Supplemental InformationDescription1Txt
Expenses1$490,139Expenses1Amt
Description2Accelerate Therapies - See Supplemental InformationDescription2Txt
Expenses2$405,839Expenses2Amt
Description3Improve Time to Diagnosis - See Supplemental InformationDescription3Txt
Expenses3$207,250Expenses3Amt
Description4ATD (all programs) - See Supplemental InformationDescription4Txt
Expenses4$145,530Expenses4Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,981,731AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,981,731TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$1,981,731AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$29,726CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,952,005NetVlNoncharitableAssetsAmt
Minimum Investment Return$97,600MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$97,600MinimumInvestmentReturnAmt
Tax Based On Investment Income$31,707TaxBasedOnInvestmentIncomeAmt
Total Tax$31,707TotalTaxAmt
Distributable Before Adj$65,893DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$65,893DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$65,893DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$3,851,462ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$3,851,462QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$65,893DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$3,955,056ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$5,582,499ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$9,537,555TotalExcessDistributionCyovAmt
Qualifying Distributions$3,851,462QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$65,893AppliedToCurrentYearAmt
Remaining Distri From Corpus$3,785,569RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$13,323,124TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$3,863,376CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$9,459,748ExcessDistriCyovToNextYrAmt
Excess From Year4$0ExcessFromYear4Amt
Excess From Year3$0ExcessFromYear3Amt
Excess From Year2$91,680ExcessFromYear2Amt
Excess From Year1$5,582,499ExcessFromYear1Amt
Excess From Current Year$3,785,569ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJ THOMAS HURVIS TRUSTEEContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
American College of Chest Physicians
2595 Patriot BoulevardGlenviewIL60026PCPF Education and Quality Improvement Program grant$589,950
American College of Chest Physicians
2595 Patriot BoulevardGlenviewIL60026PCPF Education and Quality Improvement Program grant - Year 2 Clinical Engagement$196,650
LAHEY HOSPITAL AND MEDICAL CENTER - LAHEY CLINIC INC
41 Mall RoadBurlingtonMA01805PCLung Health Clinic: Clinical Screening$146,285
The Dallas Foundation
Reagan Place at Old Parkland 3963 MDallasTX75219PCPF Warriors Sustainability Grant 2023$102,500aple Avenue Suite 390
The Dallas Foundation
Reagan Place at Old Parkland 3963 MDallasTX75219PCPF Warriors Sustainability Grant 2023$102,500aple Avenue Suite 390
University of Pittsburgh
3100 Cathedral of LearningPittsburghPA15260PCCure PF - Translational Models for Pulmonary Fibrosis$457,493
Wescoe Foundation for PF
229 N Main StreetCoopersburgPA18036PCSurvey of PFF Patients and Families$2,500
Yale University Development
150 Munson Street 3rd Floor PO BoxNew HavenCT62520PCThe Pulmonary Fibrosis Connectome$471,350208327
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$2,069,228TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Vanderbilt University Medical CenterBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11161 21st Avenue SouthAddressLine1Txt
CityNashvilleCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37232ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeB4PF2.0 Imaging Phase IIGrantOrContributionPurposeTxt
Amt$616,320Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Apprv Fut$616,320TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$25,738ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$2,255,325ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$2,281,063ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,281,063TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
J THOMAS HURVIS
13100 SANDERS ROAD SUITE 500NORTHBROOKIL60062$500,743Yes (X)Yes (X)
J THOMAS HURVIS
23100 Sanders Rd SUITE 500NorthbrookIL60062$3,362,633Yes (X)Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
13,100 SHARES OF VARIOUS STOCK$500,7432023-06-14
26,547 SHARES OF VARIOUS STOCK$3,362,6332023-07-06

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$10,446Amt
Disbursements Charitable Prps$10,746DisbursementsCharitablePrpsAmt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (5 entries)

IdentifierIdentifierTxtForm And Line ReferenceFormAndLineReferenceDescMedium ExplanationMediumExplanationTxt
Line 1Form 990-PF, Part VIII-AMarCom Three Lakes Foundation (TLF) allocates funds to support disease awareness campaigns and communications to improve disease awareness, foster collaboration and socialize project progress and impact. In 2023, TLF provided sponsorships to the IPF Summit and the PFF Summit and funding to Media Cause for brand development.
Line 2Form 990-PF, Part VIII-AAccelerate Therapies TLF grants were provided to support projects for both early disease and established disease. TLF continued to support the Consortium for Pulmonary Fibrosis (TLC4PF). This consortium includes investigators from Yale School of Medicine, University of Pittsburg, McGill University, University of Southern California, and Baylor University. The primary goals of the consortium were to improve human tissue models for drug testing and enable more companies to identify and validate IPF disease pathways and assess the impact of drugs against these pathways. TLF provided funding for the B4PF1.0 project to analyze lung biopsies at Vanderbilt University and Tgen. The resultant data is aimed to lead to novel targets, biomarkers, and the ability to streamline clinical trials. Funding was also provided for the B4PF2.0 project run by investigators at Vanderbilt and Weill Cornell. The study will analyze HRCT scans from relatives of IPF patients to develop an algorithm aiding in identifying patients at risk of disease progression. Ultimately the results aim to lead to a non-invasive test to identify risk for IPF and enable early preventative treatment.
Line 3Form 990-PF, Part VIII-AImprove Time to Diagnosis TLF provided various grants aiming to improve the time to diagnose patients suffering from Idiopathic Pulmonary Fibroses (IPF). TLF provided funding to The American College of Chest Physicians (CHEST) to promote The Bridging Specialties tool kit which was previously developed with TLF funding. The Bridging Specialties toolkit is a comprehensive physician education resource designed to improve early symptom recognition and referral time to specialists for evaluation, diagnosis, and treatment. This diagnosis tool kit went live on various medical education company platforms in Q3 2023. TLF also continued to provide funding to Lahey Clinic to support of a nurse navigator to refer people with ILA or ILD in lung CT scans to a Lung Health Clinic for follow-up. A Natural Language Processing (NLP) screen is being used that identifies over 1200 positive screens every 3 months, and time to diagnosis of ILD has been decreased by over 3 years in the pilot cohort. This program will serve as a model for other institutions once it has been demonstrated that the program works to improve time to diagnosis and that it is economically feasible. Funding from TLF enabled the Mayo Clinic to complete and publish a study on IPF misdiagnosis and delayed diagnosis. An artificial intelligence (AI)-based tool was developed to screen for IPF in electronic health records and to expedite referrals to pulmonary specialists for diagnosis. From the database, metformin was shown to have an impact on IPF survival and hospitalization, and clinical trial is now planned.
Line 4Form 990-PF, Part VIII-AATD (all programs) TLF engaged consultants to evaluate the gaps and opportunities in PF funding and to provide input on the potential development of a translational center.
CONDUIT TREATMENT OF CONTRIBUTION MADE TO PRIVATE FOUNDATIONForm 990-PF, Part XII, Line 7THE THREE LAKES FOUNDATION TRUST ("FOUNDATION") IS TREATING DISTRIBUTIONS AS BEING MADE OUT OF CORPUS FOR PURPOSES OF PERMITTING DONOR(S) TO CLAIM A FULL FAIR MARKET DEDUCTION FOR CONTRIBUTIONS TO THE FOUNDATION IN 2023. CONDUIT TREATMENT OF CONTRIBUTION MADE TO PRIVATE FOUNDATION UNDER IRC SECTION 170(B)(1)(F)(II), TREAS. REGS. 1.170A-9(H) AND IRC SECTION 4942(H)(2). 2023 AMOUNTS REQUIRED TO BE DISTRIBUTED UNDER CONDUIT RULES: 2022 UNDISTRIBUTED INCOME: NONE 2023 DISTRIBUTABLE AMOUNT: $65,893 2023 NON-CASH (PROPERTY) CONTRIBUTIONS RECEIVED FROM DONOR: $3,863,376 2023 CASH CONTRIBUTIONS RECEIVED FROM DONOR: NONE TOTAL AMOUNT REQUIRED TO BE DISTRIBUTED BEFORE 3/15/2024 UNDER PRIVATE FOUNDATION CONDUIT RULES: $3,929,269 2023 AMOUNTS DISTRIBUTED OR DEEMED DISTRIBUTED: QUALIFYING DISTRIBUTIONS APPLIED TO DISTRIBUTABLE AMOUNT: $65,893 AMOUNTS TREATED AS DISTRIBUTIONS OUT OF CORPUS TO SATISFY REQUIREMENTS OF IRC SECTION 170(B)(1)(F) AND DISTRIBUTED OUT OF CORPUS: $3,863,376 AMOUNTS DISTRIBUTED OUT OF CORPUS TO SATISFY REQUIREMENTS OF IRC SECTION 170(B)(1)(F) IN 2024 PRIOR TO 3/15/2024: NONE TOTAL AMOUNT DISTRIBUTED FROM CORPUS BEFORE 3/15/2024 IN ACCORDANCE WITH IRC SEC. 170(B)(1)(F)(II), TREAS. REGS. 1.170A-9(H) AND IRC SECTION 4942(H)(2): $3,929,269 THE FOUNDATION MEETS THE REQUIREMENTS OF IRC 170(B)(1)(A)(VII), 170(B)(1)(F)(II), AND 4942(H)(2) AND IS NOT SUBJECT TO THE SECTION 170(E)(1)(B)(II) LIMITATIONS, AS A CONDUIT OR PASS-THROUGH FOUNDATION SINCE ALL CONTRIBUTIONS FROM DONOR RECEIVED DURING 2023 WERE DISTRIBUTED OUT OF CORPUS PRIOR TO 3/15/2024. THUS, THE DONATION QUALIFIES AS IF MADE TO A PUBLIC CHARITY WITH REGARD TO THESE CONTRIBUTIONS. SEE ATTACHED SIGNED ELECTION STATEMENT

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLegal FeesCategoryTxt
Legal Fees$2,958LegalFeesAmt
Disbursements Charitable Prps$2,958DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescADJUSTMENT TO BASIS OF CONTRIBUTED STOCKDesc
Amt$2,263,777Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ADVERTISING & PROMOTION EXPENSE$145,134$145,134
DUES & SUBSCRIPTIONS EXPENSE$62,174$62,177
PROFESSIONAL DEVELOPMENT$4,328$4,328
SOFTWARE EXPENSE$887$887
LICENSE, PERMIT & FEE EXPENSE$90$90
POSTAGE & MAILING EXPENSE$52$52
ILLINOIS ATTORNEY GENERAL FILING FEES$115$15

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescDUE TO RELATED PARTYDesc
BOY Book Value$3,112BOYBookValueAmt
EOY Book Value$0EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CONSULTING FEES$152,654$154,466
SERVICE FEES$1,361,400$1,361,400

Transfers Frm Controlled Entities TransfersFrmControlledEntities

Transfers From Controlled Ent TransfersFromControlledEntGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THREE LAKES LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line13100 SANDERS ROAD SUITE 500AddressLine1Txt
CityNORTHBROOKCityNm
State AbbreviationILStateAbbreviationCd
ZIP600627155ZIPCd
FieldValueIRS element (for citing)
EIN852352516EIN
DescCash transferDesc
Amt$1,151Amt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.