LAKE LAND COLLEGE FOUNDATION INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LAKE LAND COLLEGE FOUNDATION INC (EIN 23-7100515)
Tax period
2023-07-01 to 2024-06-30
Filed
2024-11-04
IRS object ID
202413099349302521
Schema version
2023v5.1
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)
Return2024-11-04T14:35:12-06:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN371119790PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MH CPA PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12110 CLEARLAKE BLVD STE 200AddressLine1Txt
CityCHAMPAIGNCityNm
State AbbreviationILStateAbbreviationCd
ZIP61822ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237100515EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAKE LAND COLLEGE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAKEBusinessNameControlTxt
Phone2172345363PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15001 LAKE LAND BLVDAddressLine1Txt
CityMATTOONCityNm
State AbbreviationILStateAbbreviationCd
ZIP61938ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHRISTINA DONSBACHPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone2172345363PhoneNum
Signature2024-10-29SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAINDREA N BALAGNA CPAPreparerPersonNm
PTINP00852053PTIN
Phone2173512000PhoneNum
Preparation2024-10-28PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCHRISTINA DONSBACHPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15001 LAKE LAND BLVDAddressLine1Txt
CityMATTOONCityNm
State AbbreviationILStateAbbreviationCd
ZIP61938ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,325,495GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressLAKELANDCOLLEGE.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1970FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionLAKE LAND COLLEGE FOUNDATION WAS ESTABLISHED TO ASSIST LAKE LAND COLLEGE IN DEVELOPING AND ENHANCING THE EDUCATIONAL OPPORTUNITIES AND SERVICES TO ITS STUDENTS, ALUMNI, AND CITIZENS OF THE DISTRICT. THE MISSION OF THE FOUNDATION IS TO PROVIDE STUDENT SCHOLARSHIPS THROUGH FUNDS CONTRIBUTED BY INDIVIDUALS, AGENCIES AND CORPORATIONS.ActivityOrMissionDesc
Voting Members Governing Body19VotingMembersGoverningBodyCnt
Voting Members Independent19VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers105TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,100,374PYContributionsGrantsAmt
CY Contributions Grants$954,788CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$86,514PYInvestmentIncomeAmt
CY Investment Income$541,883CYInvestmentIncomeAmt
PY Other Revenue$250,954PYOtherRevenueAmt
CY Other Revenue$177,005CYOtherRevenueAmt
PY Total Revenue$3,437,842PYTotalRevenueAmt
CY Total Revenue$1,673,676CYTotalRevenueAmt
PY Grants And Similar Paid$606,020PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$687,282CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$193,083PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$233,611CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$122,407CYTotalFundraisingExpenseAmt
PY Other Expenses$2,039,812PYOtherExpensesAmt
CY Other Expenses$857,212CYOtherExpensesAmt
PY Total Expenses$2,838,915PYTotalExpensesAmt
CY Total Expenses$1,778,105CYTotalExpensesAmt
PY Revenues Less Expenses$598,927PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$104,429CYRevenuesLessExpensesAmt
Total Assets BOY$17,342,249TotalAssetsBOYAmt
Total Assets EOY$18,008,235TotalAssetsEOYAmt
Total Liabilities BOY$602,211TotalLiabilitiesBOYAmt
Total Liabilities EOY$394,355TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$16,740,038NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$17,613,880NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionLAKE LAND COLLEGE FOUNDATION WAS ESTABLISHED TO ASSIST LAKE LAND COLLEGE IN DEVELOPING AND ENHANCING THE EDUCATION OPPORTUNITIES AND SERVICES TO ITS STUDENTS, ALUMNI, AND CITIZENS OF THE DISTRICT. THE MISSION OF THE FOUNDATION IS TO PROVIDE STUDENT SCHOLARSHIPS THROUGH FUNDS CONTRIBUTED BY INDIVIDUALS, AGENCIES, AND CORPORATIONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,309,354ExpenseAmt
Grant$687,282GrantAmt
Revenue$0RevenueAmt
DescTHE LAKE LAND COLLEGE FOUNDATION WAS ORGANIZED AND OPERATES EXCLUSIVELY FOR EDUCATION AND CHARITABLE PURPOSES DESIGNED TO PROMOTE THE WELFARE OF LAKE LAND COLLEGE, MATTOON, ILLINOIS, AND ITS STUDENTS. THE MAJOR THRUST OF THE FOUNDATION IS TO PROVIDE SCHOLARSHIPS TO LAKE LAND COLLEGE STUDENTS. DURING THE PAST YEAR, THROUGH THE GENEROUS DONATIONS OF AREA INDIVIDUALS, BUSINESSES, AND ORGANIZATIONS, THE FOUNDATION AWARDED $687,282 IN SCHOLARSHIPS TO ABOUT 1,000 DESERVING STUDENTS. THESE SCHOLARSHIPS VARY IN AMOUNTS AWARDED AND CRITERIA. FIRST ACCOMPLISHMENT FOR AWARDING IS BASED ON THE DONOR'S WISHES AND/OR GUIDELINES ESTABLISHED BY THE LAKE LAND COLLEGE FOUNDATION BOARD OF DIRECTORS. DONORS WHO REACH A SPECIFIED LEVEL OF LIFETIME GIVING ARE RECOGNIZED ON AN ANNUAL BASIS AND ALSO HAVE THE OPPORTUNITY TO MEET THEIR SCHOLARSHIP RECIPIENT(S) AT AN ANNUAL RECEPTION.DONORS REPRESENT A DIVERSE BACKGROUND FROM THE 4,000 SQUARE MILE DISTRICT. MANY DONORS HAVE BEEN DEDICATED TO HELPING STUDENTS FOR MORE THAN TWO DECADES. THEY BELIEVE IN THE COMMUNITY COLLEGE AND ARE COMMITTED TO ENSURING THAT THE REGION HAS A TRAINED WORKFORCE TO MEET THE NEEDS OF LOCAL BUSINESS AND INDUSTRY. DONORS ARE ALSO EXPANDING THEIR SUPPORT BY PROVIDING ADDITIONAL RESOURCES FOR THE UNMET FINANCIAL NEEDS OF THE COLLEGE DUE TO DECLINING STATE SUPPORT AND A SLUGGISH LOCAL PROPERTY TAX BASE.OTHER FOUNDATION ACTIVITIES INCLUDE AN ANNUAL GOLF OUTING WHICH RAISES MONIES THAT ARE USED FOR THE OPERATIONS OF THE FOUNDATION. VOLUNTEEERS AND GOLFERS FROM THROUGHOUT THE DISTRICT RETURN EACH YEAR TO HELP PLAN AND SUPPORT THE GOLF OUTING.Desc
Total Program Service Expenses$1,309,354TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Form1098 C Filed0Form1098CFiledInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members19GoverningBodyVotingMembersCnt
Independent Voting Member19IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMADGE SHOOTPersonNm
Phone2172345375PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15001 LAKE LAND BOULEVARDAddressLine1Txt
CityMATTOONCityNm
State AbbreviationILStateAbbreviationCd
ZIP61938ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
AMANDA MARTIN
DIRECTOR1.00Yes (X)$0$0$0
ANGELA DYER
DIRECTOR1.00Yes (X)$0$0$0
AUSTIN FRANK
DIRECTOR1.00Yes (X)$0$0$0
BLAKE PIERCE
DIRECTOR1.00Yes (X)$0$0$0
DEACON PATIENT
PAST PRESIDENT1.00Yes (X)$0$0$0
DEBRA SANDERCOCK
DIRECTOR1.00Yes (X)$0$0$0
DENISE BENCE
DIRECTOR1.00Yes (X)$0$0$0
KATHLEEN ANDERSON
DIRECTOR1.00Yes (X)$0$0$0
KELLIE EASTHAM
DIRECTOR1.00Yes (X)$0$0$0
LARRY BLACKERBY
DONOR RELATIONS COMM CHAIR1.00Yes (X)$0$0$0
LINDA VON BEHREN
DIRECTOR1.00Yes (X)$0$0$0
MEG YARGUS STEWARD
FINANCE & INVESTMENT CHAIR1.00Yes (X)$0$0$0
MICAH DICKENS
DIRECTOR1.00Yes (X)$0$0$0
RENEE HUCKSTEAD
VICE PRES, BOARD DEV CHAIR1.00Yes (X)$0$0$0Yes (X)
RICHARD HARTKE
PRESIDENT1.00Yes (X)$0$0$0Yes (X)
ROBERT PAYTON
DIRECTOR1.00Yes (X)$0$0$0
RUDY HUBER
DIRECTOR1.00Yes (X)$0$0$0
THOMAS WHITE
SECRETARY1.00Yes (X)$0$0$0Yes (X)
TYLER MICENHEIMER
DIRECTOR1.00Yes (X)$0$0$0
CHRISTI DONSBACH
EXECUTIVE DIRECTOR40.00$0$102,562$28,189Yes (X)
MADGE SHOOT
TREASURER2.00$0$107,477$11,590Yes (X)38.00
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$210,039TotReportableCompRltdOrgAmt
Total Other Compensation$39,779TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$60,260FundraisingAmt
All Other Contributions$894,528AllOtherContributionsAmt
Noncash Contributions$228,349NoncashContributionsAmt
Total Contributions$954,788TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$383,282TotalRevenueColumnAmt
Exclusion$383,282ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$43,660RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$43,660RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$43,660TotalRevenueColumnAmt
Exclusion$43,660ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$799,488SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$640,887SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$158,601SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$158,601TotalRevenueColumnAmt
Exclusion$158,601ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$60,260ContriRptFundraisingEventAmt
Fundraising Direct Expenses$10,932FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$10,932TotalRevenueColumnAmt
Exclusion-$10,932ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescFARM INCOMEDesc
Business110000BusinessCd
Total Revenue Column$144,277TotalRevenueColumnAmt
Exclusion$144,277ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$144,277OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,673,676TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$718,888ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$687,282TotalAmt
Program Services$687,282ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$233,611TotalAmt
Program Services$58,403ProgramServicesAmt
Management And General$116,805ManagementAndGeneralAmt
Fundraising$58,403FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$13,765TotalAmt
Management And General$13,765ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,616TotalAmt
Management And General$1,616ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$16,956TotalAmt
Management And General$16,956ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$19,271TotalAmt
Management And General$19,271ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
DONATIONS TO LAKE LAND$562,673$562,673
SUPPLIES$97,404$817$96,587
OTHER$64,183$179$64,004
FARM EXPENSES$63,720$63,720

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$17,624TotalAmt
Management And General$17,624ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,778,105TotalAmt
Program Services$1,309,354ProgramServicesAmt
Management And General$346,344ManagementAndGeneralAmt
Fundraising$122,407FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$244,869BOYAmt
EOY$210,887EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,364,658LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$323,997LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,059,932BOYAmt
EOY$3,040,661EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$14,037,448BOYAmt
EOY$14,756,687EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$17,342,249BOYAmt
EOY$18,008,235EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$602,211BOYAmt
EOY$394,355EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$602,211BOYAmt
EOY$394,355EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,314,089BOYAmt
EOY$2,277,880EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$14,425,949BOYAmt
EOY$15,336,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$16,740,038BOYAmt
EOY$17,613,880EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$17,342,249BOYAmt
EOY$18,008,235EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$104,429ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$978,271NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$794,727CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$766,490CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,598,327CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,042,772CurrentTaxYearMinus1YearAmt
Current Tax Year$894,528CurrentTaxYearAmt
Total$9,096,844TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$794,727CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$766,490CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,598,327CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,042,772CurrentTaxYearMinus1YearAmt
Current Tax Year$894,528CurrentTaxYearAmt
Total$9,096,844TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$9,096,844PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$352,945CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$259,683CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$674,018CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$339,539CurrentTaxYearMinus1YearAmt
Current Tax Year$426,942CurrentTaxYearAmt
Total$2,053,127TotalAmt
FieldValueIRS element (for citing)
Total Support$11,149,971TotalSupportAmt
Public Support CY1700.81590PublicSupportCY170Pct
Public Support PY1700.81820PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,005,523BeginningYearBalanceAmt
Contributions$159,079ContributionsAmt
Investment Earnings Or Losses$353,543InvestmentEarningsOrLossesAmt
Other Expenditures$352,541OtherExpendituresAmt
End Year Balance$8,165,614EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,022,087BeginningYearBalanceAmt
Contributions$972,290ContributionsAmt
Investment Earnings Or Losses$54,562InvestmentEarningsOrLossesAmt
Other Expenditures$43,416OtherExpendituresAmt
End Year Balance$8,005,523EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,943,046BeginningYearBalanceAmt
Contributions$2,174,522ContributionsAmt
Investment Earnings Or Losses$561,021InvestmentEarningsOrLossesAmt
Grants Or Scholarships$502,932GrantsOrScholarshipsAmt
Other Expenditures$153,367OtherExpendituresAmt
Administrative Expenses$203AdministrativeExpensesAmt
End Year Balance$7,022,087EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,588,647BeginningYearBalanceAmt
Contributions$396,007ContributionsAmt
Investment Earnings Or Losses$332,549InvestmentEarningsOrLossesAmt
Grants Or Scholarships$295,990GrantsOrScholarshipsAmt
Other Expenditures$78,167OtherExpendituresAmt
End Year Balance$4,943,046EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,346,575BeginningYearBalanceAmt
Contributions$246,340ContributionsAmt
Investment Earnings Or Losses$157InvestmentEarningsOrLossesAmt
Administrative Expenses$4,425AdministrativeExpensesAmt
End Year Balance$4,588,647EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$2,651,184InvestmentCostOrOtherBasisAmt
Book Value$2,651,184BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$701,691InvestmentCostOrOtherBasisAmt
Book Value$701,691BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$11,783InvestmentCostOrOtherBasisAmt
Book Value$11,783BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Depreciation$323,997DepreciationAmt
Book Value-$323,997BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,040,661TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DUE TO LAKE LAND COLLEGE$40,428
AGENCY FUNDS - HELD FOR OTHERS$353,927
FieldValueIRS element (for citing)
Total Liability$394,355TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$2,917,317TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$978,271NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$254,438DonatedServicesAndUseFcltsAmt
Other Revenue$10,932OtherRevenueAmt
Revenue Not Reported$1,243,641RevenueNotReportedAmt
Revenue Subtotal$1,673,676RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,673,676TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,043,475TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$254,438DonatedServicesUseFcltsAmt
Other Expenses Included$10,932OtherExpensesIncludedAmt
Expenses Not Reported$265,370ExpensesNotReportedAmt
Expenses Subtotal$1,778,105ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,778,105TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART XI, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES NETTED AGAINST FUNDRAISING REVENUE
PART XII, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES NETTED AGAINST FUNDRAISING REVENUE
PART V, LINE 4INTENDED USES FOR ENDOWMENT FUNDS PERMANENT ENDOWMENTS ARE TO BE USED FOR THE PROMOTION AND SUPPORT OF THE COLLEGE INCLUDING SCHOLARSHIPS, CAPITAL PROJECTS, WORKS OF ART AND OTHER PROGRAMS AND SERVICES.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GOLF OUTINGEvent1Nm
Gross Receipts Event1$60,260GrossReceiptsEvent1Amt
Charitable Contri Event1$60,260CharitableContriEvent1Amt
Other Direct Expenses Event1$10,932OtherDirectExpensesEvent1Amt
Gross Receipts Total$60,260GrossReceiptsTotalAmt
Charitable Contributions Tot$60,260CharitableContributionsTotAmt
Oth Direct Expnss Total Events$10,932OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$10,932DirectExpenseSummaryEventsAmt
Net Income Summary-$10,932NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIP FOR STUDENTS ATTENDING LAKE LAND COLLEGEGrantTypeTxt
Recipient1179RecipientCnt
Cash Grant$687,282CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationALL SCHOLARSHIPS ARE AWARDED TO LAKE LAND COLLEGE STUDENTS WHO ARE ATTENDING CLASSES WITHIN THE LAKE LAND COLLEGE 517 DISTRICT OF ILLINOIS. IN ADDITION, ALL GRANTS ARE ONLY AWARDED TO THE FOUNDATION'S RELATED ENTITY, LAKE LAND COLLEGE.ExplanationTxt

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)ACADEMIC EQUIPMENT1$123,683SELLING PRICE OF DON
Yes (X)LEASE OF PROPERTY1$103,940SELLING PRICE OF DON
Yes (X)MISCELLANEOUS1$726SELLING PRICE OF DON
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATIONS PROCESS TO REVIEW FORM 990: THE AUDIT COMMITTEE MEETS AND REVIEWS THE 990 PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CENFORCEMENT OF CONFLICTS POLICY REGULARLY MONITORED BY REVIEW OF CONFLICT OF INTEREST FORMS BY THE EXECUTIVE OFFICER.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST.
FORM 990, PART XII, LINE 2C:THIS PROCESSS HAS NOT CHANGED FROM PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1LAKE LAND COLLEGEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line15001 LAKE LAND BOULEVARDAddressLine1Txt
CityMATTOONCityNm
State AbbreviationILStateAbbreviationCd
ZIP61938ZIPCd
FieldValueIRS element (for citing)
EIN370896233EIN
Primary ActivitiesEDUCATIONPrimaryActivitiesTxt
Legal Domicile StateILLegalDomicileStateCd
Exempt Code SectionGOVERNMENTAL UNITExemptCodeSectionTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
LAKE LAND COLLEGE
N$101,557CASH METHOD
LAKE LAND COLLEGE
O$152,861CASH METHOD
LAKE LAND COLLEGE
B$562,673CASH METHOD

Comments

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