LAKE LAND COLLEGE FOUNDATION INC: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- LAKE LAND COLLEGE FOUNDATION INC (EIN 23-7100515)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2018-11-14
- IRS object ID
- 201813189349311651
- Schema version
- 2017v2.3
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-14T16:42:05-06:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 370818432 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEMPER CPA GROUP LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 BROADWAY AVE SUITE 102 | AddressLine1Txt |
| City | MATTOON | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 61938 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237100515 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAKE LAND COLLEGE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LAKE | BusinessNameControlTxt |
| Phone | 2172345354 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5001 LAKE LAND BOULEVARD | AddressLine1Txt |
| City | MATTOON | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 61938 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JACQUELINE JOINES | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 2172345354 | PhoneNum |
| Signature | 2018-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TAMI KNIGHT | PreparerPersonNm |
| PTIN | P01379096 | PTIN |
| Phone | 2172348801 | PhoneNum |
| Preparation | 2018-11-13 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 184.175.157.67 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-11-13 | IPDt |
| IP Tm | 14:41:45 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 1A4A50D21874BCFA1BDD35432943919A962251C3 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 92125B3067CDA1FE634C0F3D3F6604CDD057B913 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JACQUELINE JOINES | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5001 LAKE LAND BOULEVARD | AddressLine1Txt |
| City | MATTOON | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 61938 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $5,950,556 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | LAKELANDCOLLEGE.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1970 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $421,219 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,507,230 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $137,752 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,284,458 | PYInvestmentIncomeAmt |
| CY Investment Income | $369,819 | CYInvestmentIncomeAmt |
| PY Other Revenue | $44,690 | PYOtherRevenueAmt |
| CY Other Revenue | $63,631 | CYOtherRevenueAmt |
| PY Total Revenue | $1,750,367 | PYTotalRevenueAmt |
| CY Total Revenue | $2,078,432 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $375,975 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $322,581 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $55,048 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $233,389 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $12,000 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $53,999 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $85,180 | PYOtherExpensesAmt |
| CY Other Expenses | $778,760 | CYOtherExpensesAmt |
| PY Total Expenses | $528,203 | PYTotalExpensesAmt |
| CY Total Expenses | $1,334,730 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,222,164 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $743,702 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $12,221,934 | TotalAssetsBOYAmt |
| Total Assets EOY | $13,708,637 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $586,484 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $607,821 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $11,635,450 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $13,100,816 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $999,540 | ExpenseAmt |
| Grant | $322,581 | GrantAmt |
| Revenue | $2,078,432 | RevenueAmt |
| Desc | 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 $322,581 IN SCHOLARSHIPS TO ABOUT 166 DESERVING STUDENTS. THESE SCHOLARSHIPS VARY IN AMOUNTS AWARDED AND CRITERIA. | Desc |
| Total Program Service Expenses | $999,540 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 4 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Form1098 C Filed | 0 | Form1098CFiledInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACQUELINE JOINES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2172345354 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5001 LAKE LAND BLVD | AddressLine1Txt |
| City | MATTOON | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 61938 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt |
|---|---|---|---|---|---|---|---|
| PRESTON SMITH | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ALAN FEDRIGON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DEBBIE BENEFIEL | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR TOM FONNER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHELLE BLACKWELL | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BOB PANCOAST | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RICH HARTKE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BRIAN HUTCHINS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| STEVE CHILDERS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRIS PILSON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHAD THOMPSON | |||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| THOMAS WRIGHT | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DEACON PATIENT | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS GRUNLOH | |||||||
| VICE PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| MICHAEL BOHANNON | |||||||
| PRESIDENT | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| LISA KALLIS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JACQUELINE JOINES | |||||||
| CEO | 40.00 | $42,903 | $42,902 | $0 | Yes (X) | ||
| DAVID COX | |||||||
| ALUMNI/ANNUAL GIVING | 20.00 | $33,551 | $33,550 | $0 | Yes (X) | 20.00 | |
| PAULA ROSINE | |||||||
| ADMIN ASSISTANT | 40.00 | $29,105 | $0 | $0 | Yes (X) | ||
| MADGE SHOOT | |||||||
| TREASURER | 2.00 | $2,000 | $89,783 | $0 | Yes (X) | 38.00 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $107,559 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $166,235 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $25,500 | FundraisingAmt |
| All Other Contributions | $1,481,730 | AllOtherContributionsAmt |
| Total Contributions | $1,507,230 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SUPPORT PROVIDED BY LLC | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $137,752 | TotalRevenueColumnAmt |
| Exclusion | $137,752 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $137,752 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $213,468 | TotalRevenueColumnAmt |
| Exclusion | $213,468 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $42,283 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $981 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $41,302 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $41,302 | TotalRevenueColumnAmt |
| Exclusion | $41,302 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,016,994 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,860,643 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $156,351 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $156,351 | TotalRevenueColumnAmt |
| Exclusion | $156,351 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $32,829 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $25,500 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $10,500 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,329 | TotalRevenueColumnAmt |
| Exclusion | $22,329 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,078,432 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $571,202 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $322,581 | TotalAmt |
| Program Services | $322,581 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $233,389 | TotalAmt |
| Program Services | $46,678 | ProgramServicesAmt |
| Management And General | $140,033 | ManagementAndGeneralAmt |
| Fundraising | $46,678 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,637 | TotalAmt |
| Management And General | $5,637 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,040 | TotalAmt |
| Management And General | $44,040 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,451 | TotalAmt |
| Management And General | $38,451 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,393 | TotalAmt |
| Management And General | $16,393 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| DONATIONS TO LLC | $559,564 | $559,564 | ||
| SUPPLIES | $55,214 | $42,516 | $12,698 | |
| OTHER | $35,522 | $28,201 | $7,321 | |
| PRINTING | $14,708 | $14,708 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,231 | TotalAmt |
| Management And General | $9,231 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,334,730 | TotalAmt |
| Program Services | $999,540 | ProgramServicesAmt |
| Management And General | $281,191 | ManagementAndGeneralAmt |
| Fundraising | $53,999 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,522 | BOYAmt |
| EOY | $35,323 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,364,658 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $208,528 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,367,606 | BOYAmt |
| EOY | $3,156,130 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,729,558 | BOYAmt |
| EOY | $10,517,184 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,248 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,221,934 | BOYAmt |
| EOY | $13,708,637 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $26,059 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $586,484 | BOYAmt |
| EOY | $581,762 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $586,484 | BOYAmt |
| EOY | $607,821 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,786,367 | BOYAmt |
| EOY | $3,462,559 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,858,126 | BOYAmt |
| EOY | $5,431,357 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,990,957 | BOYAmt |
| EOY | $4,206,900 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,635,450 | BOYAmt |
| EOY | $13,100,816 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,221,934 | BOYAmt |
| EOY | $13,708,637 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $743,702 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $62,168 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | $635,848 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $23,648 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $456,898 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $261,745 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $430,093 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $996,788 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,481,730 | CurrentTaxYearAmt |
| Total | $3,627,254 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $456,898 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $261,745 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $430,093 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $996,788 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,481,730 | CurrentTaxYearAmt |
| Total | $3,627,254 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $436,474 | SubstantialContributorsTotAmt |
| Public Support Total170 | $3,190,780 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $273,645 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $270,625 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $274,915 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $216,752 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $257,770 | CurrentTaxYearAmt |
| Total | $1,293,707 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $4,920,961 | TotalSupportAmt |
| Public Support CY170 | 0.64840 | PublicSupportCY170Pct |
| Public Support PY170 | 0.57940 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,990,957 | BeginningYearBalanceAmt |
| Contributions | $215,943 | ContributionsAmt |
| End Year Balance | $4,206,900 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,912,425 | BeginningYearBalanceAmt |
| Contributions | $78,532 | ContributionsAmt |
| End Year Balance | $3,990,957 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,728,030 | BeginningYearBalanceAmt |
| Contributions | $184,395 | ContributionsAmt |
| End Year Balance | $3,912,425 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,690,952 | BeginningYearBalanceAmt |
| Contributions | $37,078 | ContributionsAmt |
| End Year Balance | $3,728,030 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,516,148 | BeginningYearBalanceAmt |
| Contributions | $175,328 | ContributionsAmt |
| Investment Earnings Or Losses | -$524 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $3,690,952 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $2,448,684 | InvestmentCostOrOtherBasisAmt |
| Book Value | $2,448,684 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $915,974 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $208,528 | DepreciationAmt |
| Book Value | $707,446 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,156,130 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITY PAYABLE | $440,019 |
| FUNDS HELD FOR OTHERS | $141,743 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $581,762 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,164,248 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $62,168 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $23,648 | OtherRevenueAmt |
| Revenue Not Reported | $85,816 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,078,432 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $2,078,432 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $0 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $0 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $0 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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, 2018, THE FOUNDATION HAS NO UNRECOGNIZED TAX BENEFITS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN ACTUARIAL VALUE OF SPLIT INTEREST AGREEMENT |
| 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, 2018, THE FOUNDATION HAS NO UNRECOGNIZED TAX BENEFITS. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Agrmt Prof Fundraising Acty | 0 | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESCIGNO'S | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7501 W 85TH ST | AddressLine1Txt |
| City | BRIDGEVIEW | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60455 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CONSULT ON DIRECT MAIL PROGRAM | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $191,501 | GrossReceiptsAmt |
| Retained By Contractor | $10,500 | RetainedByContractorAmt |
| Net To Organization | $181,001 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $191,501 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $10,500 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $181,001 | TotalNetToOrganizationAmt |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GOLF OUTING | Event1Nm |
| Gross Receipts Event1 | $43,857 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $25,500 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $18,357 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $8,271 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $43,857 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $25,500 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $18,357 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $8,271 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $8,271 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $10,086 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIP FOR STUDENTS ATTENDING LAKE LAND COLLEGE | GrantTypeTxt |
| Recipient | 166 | RecipientCnt |
| Cash Grant | $322,581 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2 - | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 | 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 THRUST OF THE FOUNDATION IS TO PROVIDE STUDENT SCHOLARSHIPS THROUGH FUNDS CONTRIBUTED BY INDIVIDUALS, AGENCIES, AND CORPORATIONS. |
| 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 XI, LINE 9: | CHANGE IN ACTUARIAL VALUE OF SPLIT INTEREST AGREEMENT 23,648. |
| FORM 990 | THE FOUNDATION HAS CHANGED THEIR ACCOUNT METHOD FOR THEIR FORM 990 TO AGREE WITH THE METHOD UTILIZED FOR THEIR BOOKS AND RECORDS, AS WELL AS, THEIR ANNUAL AUDIT TO PROVIDE BETTER MATCHING BETWEEN THEIR IRS REPORTING AND THEIR ACCOUNTING RECORDS. |
| FORM 990, PART XI, LINE 8, PG 12 | A PRIOR PERIOD ADJUSTMENT IN THE AMOUNT OF $635,848 IS NECESSARY TO ADJUST THE TAX RETURN FUND BALANCE (PREVIOUSLY REPORTED USING CASH BASIS METHOD OF ACCOUNTING) TO THE AGREE WITH THE BOOK FUND BALANCE REPORTED USING ACCRUAL METHOD OF ACCOUNTING (BEGINNING JULY 1, 2017). THIS AMOUNT IS RELATED TO ACCUMULATED UNREALIZED GAINS ON INVESTMENTS. |
| FORM 990, PART III, LINE 4A | FIRST ACCOMPOLISHMENT 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 MOE THAN TWO DECADES. THEY BELIEVE IN THE COMMUNITY COLLEGE AND ARE COMMITTED OT ENSURING THAT THE REGION HAS A TRAINED WORKFORCE TO MEET THE NEEDS OF LOCAL BUSINESS AND INDUSTRY. DONORS ARE ALSO EXPANDING THHEIR 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. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAKE LAND COLLEGE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5001 LAKE LAND BOULEVARD | AddressLine1Txt |
| City | MATTOON | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 61938 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 370896233 | EIN |
| Primary Activities | EDUCATION | PrimaryActivitiesTxt |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Exempt Code Section | GOVERNMENTAL UNIT | ExemptCodeSectionTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| LAKE LAND COLLEGE | ||
| N | $37,156 | CASH METHOD |
| LAKE LAND COLLEGE | ||
| O | $99,952 | CASH METHOD |
| LAKE LAND COLLEGE | ||
| B | $559,564 | CASH METHOD |
Comments