2021-11-05T12:39:54-05:00 2021-06-30 370818432 KEMPER CPA GROUP LLP 80 BROADWAY AVE SUITE 102 MATTOON IL 61938 990 2020-07-01 237100515 LAKE LAND COLLEGE FOUNDATION LAKE 2172345354 5001 LAKE LAND BOULEVARD MATTOON IL 61938 CHRISTI DONSBACH EXECUTIVE DIRECTOR 2172345354 2021-10-07 1 CHRISTI DONSBACH 999009999 TAMI KNIGHT P01379096 2172348801 2021-10-07 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHRISTI DONSBACH 5001 LAKE LAND BOULEVARD MATTOON IL 61938 5536894 0 X LAKELANDCOLLEGE.EDU X 1970 IL LAKE 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. 18 18 0 0 0 0 810552 795730 0 0 35172 624506 42521 120740 888245 1540976 297924 492165 0 0 125268 130400 0 0 48325 1981094 316446 2404286 939011 -1516041 601965 13509676 15738505 1208154 997029 12301522 14741476 SEE SCHEDULE O 0 0 655294 492165 1540976 THE 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 $492,165 IN SCHOLARSHIPS TO ABOUT 496 DESERVING STUDENTS. THESE SCHOLARSHIPS VARY IN AMOUNTS AWARDED AND CRITERIA. 655294 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X CHRISTI DONSBACH 2172345354 5001 LAKE LAND BLVD MATTOON IL 61938 DEBRA SANDERCOCK DIRECTOR 1.00 X 0 0 0 DENICE BENCE DIRECTOR 1.00 X 0 0 0 LINDA VON BEHREN DIRECTOR 1.00 X 0 0 0 MEG YARGUS STEWARD DIRECTOR 1.00 X 0 0 0 MICHELLE BLACKWELL DIRECTOR 1.00 X 0 0 0 AMANDA MARTIN DIRECTOR 1.00 X 0 0 0 RICH HARTKE DIRECTOR 1.00 X 0 0 0 BRIAN HUTCHINS DIRECTOR 1.00 X 0 0 0 RENEE HUCKSTEAD DIRECTOR 1.00 X 0 0 0 CHRIS PILSON DIRECTOR 1.00 X 0 0 0 LISA KALLIS SECRETARY 1.00 X X 0 0 0 TOM WHITE DIRECTOR 1.00 X 0 0 0 DEACON PATIENT VICE PRESIDENT 1.00 X X 0 0 0 THOMAS GRUNLOH PRESIDENT 1.00 X X 0 0 0 LARRY BLACKERBY DIRECTOR 1.00 X 0 0 0 MICAH DICKENS DIRECTOR 1.00 X 0 0 0 BLAKE PIERCE DIRECTOR 1.00 X 0 0 0 MICHAEL BOHANNON DIRECTOR 1.00 X 0 0 0 CHRISTI DONSBACH EXECUTIVE DIRECTOR 40.00 X 0 102594 0 MADGE SHOOT TREASURER 2.00 38.00 X 4000 94953 0 4000 197547 0 0 0 0 0 0 29240 766490 121936 795730 197014 197014 44073 7309 36764 36764 36764 4416101 3988609 427492 427492 427492 550 29240 0 550 550 FARM INCOME 111000 83426 83426 83426 1540976 0 0 745246 492165 492165 130400 26080 78240 26080 6031 6031 44983 44983 6702 6702 16916 16916 DONATIONS TO LLC 136552 136552 SUPPLIES 43093 299 42794 OTHER 22443 198 22245 CONTRACTUAL SERVICES 20500 20500 19226 19226 939011 655294 235392 48325 218581 184084 3364658 266341 3117588 3098317 10173507 12456104 13509676 15738505 16650 0 1191504 997029 1208154 997029 X 1707025 1899767 10594497 12841709 12301522 14741476 13509676 15738505 601965 1837989 0 X X 0 1 X 1 0 X 996788 1481730 711182 794727 766490 4750917 996788 1481730 711182 794727 766490 4750917 4750917 216752 257770 354994 352945 259683 1442144 6193061 0.76710 0.68070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4588647 396007 332549 295990 78167 4943046 4346575 246340 157 4425 4588647 4206900 139675 4346575 3990957 215943 4206900 3912425 78532 3990957 1.00000 1 0 2651184 2651184 701691 259913 441778 11783 6428 5355 3098317 DUE TO LAKE LAND COLLEGE 56782 FUNDS HELD FOR OTHERS 190247 PROMISES TO GIVE 750000 997029 X 3581646 1837989 202681 2040670 1540976 0 1540976 1141692 202681 202681 939011 0 939011 PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH FASB ASC 740-10 "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." FASB ASC 740-10 PROVIDE GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION OF TAX AUTHORITIES. THE FOUNDATION FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF ILLINOIS. THE FOUNDATION'S FEDERAL AND STATE INFORMATIONAL RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE REGULATORY AUTHORITIES UNTIL THE RELATED STATUTES OF LIMITATIONS ON THOSE INFORMATION RETURNS HAVE EXPIRED. IN GENERAL BOTH OF THE FEDERAL AND STATE INFORMATIONAL RETURNS HAVE THREE YEAR STATUTES OF LMITATIONS. THE FOUNDATION IS NOT CURRENTLY SUBJECT TO AN EXAMINATION OF THE FOUNDATION'S INFORMATIONAL RETURNS BY THESE REGULATORY AUTHORIES. AS OF JUNE 30, 2021, THE FOUNDATION HAS NO UNRECOGNIZED TAX BENEFITS. PART V, LINE 4 INTENDED 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. PART X - FIN 48 FOOTNOTE THE FOUNDATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH FASB ASC 740-10 "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." FASB ASC 740-10 PROVIDE GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION OF TAX AUTHORITIES. THE FOUNDATION FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF ILLINOIS. THE FOUNDATION'S FEDERAL AND STATE INFORMATIONAL RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE REGULATORY AUTHORITIES UNTIL THE RELATED STATUTES OF LIMITATIONS ON THOSE INFORMATION RETURNS HAVE EXPIRED. IN GENERAL BOTH OF THE FEDERAL AND STATE INFORMATIONAL RETURNS HAVE THREE YEAR STATUTES OF LMITATIONS. THE FOUNDATION IS NOT CURRENTLY SUBJECT TO AN EXAMINATION OF THE FOUNDATION'S INFORMATIONAL RETURNS BY THESE REGULATORY AUTHORIES. AS OF JUNE 30, 2021, THE FOUNDATION HAS NO UNRECOGNIZED TAX BENEFITS. GOLF OUTING 29240 29240 29240 29240 0 SCHOLARSHIP FOR STUDENTS ATTENDING LAKE LAND COLLEGE 496 492165 PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ALL 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. X LEASE OF PROPERTY 1 89788 SELLING PRICE OF DON X ACADEMIC EQUIPMENT 1 32148 SELLING PRICE OF DON 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990: THE AUDIT COMMITTEE MEETS AND REVIEWS THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY REGULARLY MONITORED BY REVIEW OF CONFLICT OF INTEREST FORMS BY THE EXECUTIVE OFFICER. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING 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 THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART III, LINE 4A FIRST ACCOMPLISHMENT FOR AWARDING, 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. OTHER FOUNDATION ACTIVITIES INCLUDE AN ANNUAL GOLF OUTING WHICH RAISES MONIES THAT ARE USED FOR THE OPERATIONS OF THE FOUNDATION. VOLUNTEERS AND GOLFERS FROM THROUGHOUT THE DISTRICT RETURN EACH YEAR TO HELP PLAN AND SUPPORT THE GOLF OUTING. A MIDDLE SCHOOL HONORS BAND AND CHOIR FESTIVAL HAS BEEN SUPPORTED BY A DONOR FOR 35 YEARS. DONORS REPRESENT A DIVERSE BACKGROUNG 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. FORM 990, PART VI, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST. LAKE LAND COLLEGE 5001 LAKE LAND BOULEVARD MATTOON IL 61938 370896233 EDUCATION IL GOVERNMENTAL UNIT N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LAKE LAND COLLEGE N 38912 CASH METHOD LAKE LAND COLLEGE O 163769 CASH METHOD LAKE LAND COLLEGE B 136552 CASH METHOD