2021-05-07T11:14:03-05:00 2020-12-31 364049282 PASQUESI SHEPPARD LLC 585 BANK LANE LAKE FOREST IL 60045 990 2020-01-01 364206288 LAKE COUNTY PARTNERSHIP FOR ECONOMIC DEV LAKE 8475971220 1 OVERLOOK POINT NO 280 LINCOLNSHIRE IL 60069 KEVIN CONSIDINE PRESIDENT 8475971220 2021-03-03 1 KEVIN CONSIDINE 999009999 DAVID P WITT P00987194 8472345000 2021-03-03 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z RICHARD KORENGOLD 1 OVERLOOK POINT NO 280 LINCOLNSHIRE IL 60069 1143963 0 X LAKECOUNTYPARTNERS.COM X 1998 IL TO MAINTAIN ECONOMIC VITALITY AND QUALITY OF LIFE IN LAKE COUNTY, ILLINOIS BY CREATING AND RETAINING JOBS, STIMULATING CAPITAL INVESTMENT, PURSUING ECONOMIC DIVERSITY AND IMPROVING THE COUNTY'S BUSINESS CLIMATE. 30 29 4 0 0 0 1023374 971408 110217 22091 2594 754 85280 149710 1221465 1143963 0 0 0 0 596203 548450 0 0 115409 671486 479374 1267689 1027824 -46224 116139 1034981 1047559 691698 588137 343283 459422 TO MAINTAIN ECONOMIC VITALITY AND QUALITY OF LIFE IN LAKE COUNTY, ILLINOIS BY CREATING AND RETAINING QUALITY JOBS, STIMULATING CAPITAL INVESTMENT, PURSUING ECONOMIC DIVERSITY AND IMPROVING THE COUNTY'S BUSINESS CLIMATE. 0 0 736453 171801 THE ORGANIZATION IMPLEMENTS AN ECONOMIC DEVELOPMENT PROGRAM THAT FOCUSES ON A) ATTRACTING, RETAINING, AND EXPANDING BUSINESSES, B) ADVOCATING FOR INFRASTRUCTURE IMPROVEMENTS, AND C) SPEARHEADING INITIATIVES THAT BOLSTER BUSINESS SUCCESS. THE ORGANIZATION ACHIEVES THIS THROUGH STRATEGIC RELATIONSHIPS WITH STATE PROGRAM ADMINISTRATORS, THE LAKE COUNTY DEVELOPMENT COMMUNITY, AND MUNICIPALITIES WITHIN LAKE COUNTY. AS A RESULT, LAKE COUNTY MAINTAINS AND CONTINUES TO IMPROVE ITS APPEAL AS A GREAT PLACE TO LIVE, WORK, AND GROW. 736453 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 5 0 4 1 0 0 0 0 0 0 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X KEVIN CONSIDINE 8475971220 ONE OVERLOOK POINT SUITE 280 LINCOLNSHIRE IL 60069 FRANK DEUEL DIRECTOR 2.00 X 0 0 0 DARREN BOUNDY DIRECTOR 2.00 X 0 0 0 DEAN GLASSBERG DIRECTOR 2.00 X 0 0 0 LAWRENCE FALBE DIRECTOR 2.00 X 0 0 0 CHARLES LAMPHERE DIRECTOR 2.00 X 0 0 0 DONOVAN PEPPER DIRECTOR 2.00 X 0 0 0 RICHARD KORENGOLD CHAIR 2.00 X X 0 0 0 KEVIN CONSIDINE PRESIDENT & CEO 40.00 X X 184419 0 31301 JACK DANILKOWICZ DIRECTOR 2.00 X 0 0 0 KEVIN MYERS DIRECTOR 2.00 X 0 0 0 DON HANSEN DIRECTOR 2.00 X 0 0 0 STEPHEN MADDEN DIRECTOR 2.00 X 0 0 0 DANIEL J JOYCE DIRECTOR 2.00 X 0 0 0 GABRIELLE CUMMINGS DIRECTOR 2.00 X 0 0 0 JOHN PELISSERO DIRECTOR 2.00 X 0 0 0 LORI SUDDICK DIRECTOR 2.00 X 0 0 0 TRENT GORDON DIRECTOR 2.00 X 0 0 0 JESSICA VEALITZEK DIRECTOR 2.00 X 0 0 0 SANDY HART DIRECTOR 2.00 X 0 0 0 JOSEPH LUNA PAST CHAIR 2.00 X X 0 0 0 DERRICK BURRESS DIRECTOR 2.00 X 0 0 0 JOHN FRESE DIRECTOR 2.00 X 0 0 0 THOMAS HUTCHINSON DIRECTOR 2.00 X 0 0 0 WENDY RHEAULT DIRECTOR 2.00 X 0 0 0 JAMES ROLFE DIRECTOR 2.00 X 0 0 0 KAREN STONEMAN DIRECTOR 2.00 X 0 0 0 JIM HAWKINS DIRECTOR 2.00 X 0 0 0 ANGELO D KYLE DIRECTOR 2.00 X 0 0 0 CHRISTINA LECHTER DIRECTOR 2.00 X 0 0 0 JUDY MARTINI DIRECTOR 2.00 X 0 0 0 MARAH ALTENBERG DIRECTOR 2.00 X 0 0 0 CHRISPOHER R BLAYLOCK DIRECTOR 2.00 X 0 0 0 RONALD LANZ BUSINESS DEVELOPMENT DIRECTOR 40.00 X 113750 0 1881 298169 0 33182 2 0 1 0 0 606928 364480 971408 EVENT INCOME 900099 22091 22091 22091 754 754 OTHER INCOME 900099 149710 149710 149710 1143963 171801 0 754 184419 82989 55326 46104 276606 197360 41397 37849 49400 30040 10364 8996 38025 23123 7978 6924 26332 26332 37802 37802 13651 8302 2863 2486 48495 29490 10174 8831 4016 4016 18556 11284 3893 3379 3604 3604 AWARDS AND GRANTS 188114 188114 TECHNICAL DATA 93483 93483 INVESTOR EVENTS 23813 23813 MAINTENANCE 12158 12158 9350 6637 1873 840 1027824 736453 175962 115409 965486 903085 40301 38500 13907 28708 146182 68916 15287 77266 1034981 1047559 31995 21977 5000 8500 654703 557660 691698 588137 X 343283 459422 343283 459422 1034981 1047559 116139 0 X X 0 1 X 1 0 X 819237 785409 1284895 1023374 971408 4884323 99554 7603 107157 918791 793012 1284895 1023374 971408 4991480 0 0 0 4991480 373 376 387 2594 754 4484 373 376 387 2594 754 4484 172119 228051 151448 195497 171801 918916 1091283 1021439 1436730 1221465 1143963 5914880 0.84390 0.84550 0.00080 0.00070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 534168 534168 534168 534168 51711 40090 11621 94471 28826 65645 77266 DEFERRED RENT 7907 DEFERRED CONDITIONAL CONTRIBUTIONS 549753 557660 X 1143963 0 1143963 0 1143963 1027824 0 1027824 0 1027824 PART X, LINE 2: MANAGEMENT HAS ADOPTED ACCOUNTING PROVISIONS THAT IMPOSE A THRESHOLD FOR DETERMINING WHEN UNCERTAIN TAX POSITIONS SHOULD BE DISCLOSED OR RECORDED. THE THRESHOLD NOW IMPOSED FOR FINANCIAL STATEMENT REPORTING GENERALLY IS HIGHER THAN THE THRESHOLD NOW IMPOSED FOR CLAIMING DEDUCTIONS ON INCOME TAX RETURNS. THE ORGANIZATION UTILIZED THE "MORE LIKELY THAN NOT" CRITERIA AND DETERMINED THAT ALL OF THEIR TAX POSITIONS MEET THAT CRITERIA. THEREFORE, THE ORGANIZATION HAS NOT RECORDED ANY ADJUSTMENTS OR DISCLOSED ANY SITUATIONS THAT AROSE FROM UNCERTAIN TAX POSITIONS. X X X 0 0 0 0 0 0 0 0 0 KEVIN CONSIDINE PRESIDENT & CEO 184419 0 0 0 0 0 5449 0 25852 0 215720 0 0 0 RONALD LANZ BUSINESS DEVELOPMENT DIRECTOR 113750 0 0 0 0 0 0 0 1881 0 115631 0 0 0 PART I, LINE 3 COMPENSATION STUDIES ARE PERIODICALLY PERFORMED BY AN INDEPENDENT PARTY. THE STUDIES REVIEW COMPENSATION FOR COMPARABLE POSITIONS AND ORGANIZATIONS. THE BOARD OF GOVERNORS THEN DETERMINES IF THE ORGANIZATION'S COMPENSATION PACKAGE IS COMPARABLE TO OTHER SIMILAR ENTITIES. THE ORGANIZATION HISTORICALLY FOLLOWS THE STUDY'S RECOMMENDATIONS AND SCHEDULE FOR PERIODIC COST OF LIVING ADJUSTMENTS. IN ADDITION, A NEW PRESIDENT, CEO, OR EXECUTIVE DIRECTOR EMPLOYED, SIGNS AN EMPLOYMENT CONTRACT WITH THE ORGANIZATION. CHARLES LAMPHERE CHARLES LAMPHERE IS A BOARD MEMBER OF THE ORGANIZATION. 48495 THE ORGANIZATION ENTERED INTO A LEASE FOR ITS OFFICE SPACE. CHARLES LAMPHERE IS PRESIDENT & CEO OF THE LESSOR. STRAIGHT-LINE RENT AND ASSOCIATED EXPENSES OF $48,495 WERE RECOGNIZED ON THE LEASE DURING THE YEAR. 0 FORM 990, PART VI, SECTION B, LINE 11B THE OPERATIONS COMMITTEE OF THE BOARD OF GOVERNORS APPROVES THE FORM 990 AND RECOMMENDS FILING THE FORM CONTINGENT UPON THE FORM 990 BEING PROVIDED TO THE FULL BOARD FOR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BOARD OF GOVERNORS DETERMINES WHEN A CONFLICT OF INTEREST EXISTS AMONG ITS MEMBERS AND ADVISES ITS MEMBERS WHEN A CONFLICT DOES EXIST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION STUDIES ARE PERIODICALLY PERFORMED BY AN INDEPENDENT PARTY. THE STUDIES REVIEW COMPENSATION FOR COMPARABLE POSITIONS AND ORGANIZATIONS. THE BOARD OF GOVERNORS THEN DETERMINES IF THE ORGANIZATION'S COMPENSATION PACKAGE IS COMPARABLE TO OTHER SIMILAR ENTITIES. THE ORGANIZATION HISTORICALLY FOLLOWS THE STUDY'S RECOMMENDATIONS AND SCHEDULE FOR PERIODIC COST OF LIVING ADJUSTMENTS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICES. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.