2017-11-15T00:00:00-06:00 2017-06-30 370818432 KEMPER CPA GROUP LLP 80 BROADWAY AVE SUITE 102 MATTOON IL 61938 990 2016-07-01 237100515 LAKE LAND COLLEGE FOUNDATION LAKE 2172345354 5001 LAKE LAND BOULEVARD MATTOON IL 61938 JACQUELINE JOINES CEO 2172345354 2017-11-09 1 MATT PRICE P01379096 2172348801 2017-11-09 184.175.157.80 2017-11-09 13:54:52 CS P A2D93D665EC76DA13FACB7E13D7298DA6B7F8131 49B5A6DDD6A51AB7F0280EB87F7F3611C9145430 2016 2021-01-29 14:40:06Z JACQUELINE JOINES 5001 LAKE LAND BOULEVARD MATTOON IL 61938 4718061 0 X LAKELANDCOLLEGE.EDU X 1970 IL SEE SCHEDULE O 17 17 0 0 0 0 476040 421219 0 0 249912 1284458 51257 44690 777209 1750367 304411 375975 0 0 25725 55048 17600 12000 21830 64326 85180 412062 528203 365147 1222164 11004579 12221934 595613 586484 10408966 11635450 X SEE SCHEDULE O 0 0 421370 375975 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 $375,975 IN SCHOLARSHIPS TO ABOUT 450 DESERVING STUDENTS. THESE SCHOLARSHIPS VARY IN AMOUNTS AWARDED AND CRITERIA. 421370 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X JACQUELINE JOINES 2172345354 5001 LAKE LAND BLVD MATTOON IL 61938 PRESTON SMITH DIRECTOR 1.00 X 0 0 0 NANCI HUELS PAST PRESIDENT 1.00 X X 0 0 0 DEBBIE BENEFIEL DIRECTOR 1.00 X 0 0 0 DR TOM FONNER DIRECTOR 1.00 X 0 0 0 MICHELLE BLACKWELL DIRECTOR 1.00 X 0 0 0 BOB PANCOAST DIRECTOR 1.00 X 0 0 0 RICH HARTKE DIRECTOR 1.00 X 0 0 0 MEG YARGUS STEWARD PRESIDENT 1.00 X X 0 0 0 STEVE CHILDERS DIRECTOR 1.00 X 0 0 0 CHRIS PILSON DIRECTOR 1.00 X 0 0 0 CHAD THOMPSON DIRECTOR 1.00 X 0 0 0 THOMAS WRIGHT DIRECTOR 1.00 X 0 0 0 DEACON PATIENT DIRECTOR 1.00 X 0 0 0 THOMAS GRUNLOH SECRETARY 1.00 X X 0 0 0 ALAN FEDRIGON DIRECTOR 1.00 X 0 0 0 MICHAEL BOHANNON VICE PRESIDENT 2.00 X X 0 0 0 LISA KALLIS DIRECTOR 1.00 X 0 0 0 MADGE SHOOT TREASURER 2.00 38.00 X 0 83837 0 JACQUELINE JOINES CEO 40.00 X 19649 58949 0 DAVID COX ALUMNI/ANNUAL GIVING 20.00 20.00 X 16071 48215 0 MARKI MILLSAP ADMIN ASSISTANT 40.00 X 6212 18558 0 AMANDA ARENA SCHOARSHIP COORD. 20.00 X 0 3051 0 41932 212610 0 0 0 0 0 0 21000 400219 250000 421219 732305 732305 36600 18780 17820 17820 17820 3493817 2941664 552153 552153 552153 34120 21000 7250 26870 26870 1750367 0 0 1329148 375975 375975 51741 9830 32081 9830 3307 3307 6520 6520 12000 12000 1112 1112 15684 15684 SUPPLIES 45531 35565 9966 PRINTING 8356 8356 CONTRACTUAL SERVICES 7977 7977 528203 421370 85003 21830 91986 106522 3543533 175927 3208948 3367606 7685397 8729558 18248 18248 11004579 12221934 595613 586484 595613 586484 X 2113321 2786367 4383220 4858126 3912425 3990957 10408966 11635450 11004579 12221934 1222164 4320 X 0 1 X 1 0 X 630302 456898 261745 430093 996788 2775826 630302 456898 261745 430093 996788 2775826 454777 2321049 194031 273645 270625 274915 216752 1229968 4005794 0.57940 0.54470 X SUPPORTING SCHEDULE - UNUSUAL GRANTS UNUSUAL GRANTS RECEIVED IN 2012 $744,190 UNUSUAL GRANTS RECEIVED IN 2014 $2,029,952 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18248 X 0 3912425 78532 3990957 3728030 184395 3912425 3690952 37078 3728030 3516148 175328 -524 3690952 2848447 664742 2959 3516148 1.00000 1 0 2542875 2542875 1000658 175927 824731 3367606 ANNUITY PAYABLE 463667 FUNDS HELD FOR OTHERS 122817 586484 X 2139690 105831 273720 9772 389323 1750367 0 1750367 815662 273720 13739 287459 528203 0 528203 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, 2016, THE FOUNDATION HAS NO UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DEPRECIATION CHANGE IN ACCOUNTS RECEIVABLE (INCREASE)DECREASE PART XII, LINE 2D - OTHER ADJUSTMENTS: DEPRECIATION CHANGE IN ACCOUNTS PAYABLE INCREASE(DECREASE) PART III, LINE 4 COLLECTIONS AND RELATION TO EXEMPT PURPOSE THE WORKS OF ART ARE PERMANENTLY DISPLAYED ON CAMPUS FOR THE VIEWING EDUCATION AND PLEASURE OF THE PUBLIC, STUDENTS, AND COLLEGE EMPLOYEES. 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, 2017, THE FOUNDATION HAS NO UNRECOGNIZED TAX BENEFITS. X X X X 0 RESCIGNO'S 7501 W 85TH ST BRIDGEVIEW IL 60455 CONSULT ON DIRECT MAIL PROGRAM 0 147000 12000 135000 147000 12000 135000 GOLF OUTING 55120 21000 34120 7250 55120 21000 34120 7250 7250 26870 0 SCHOLARSHIP FOR STUDENTS ATTENDING LAKE LAND COLLEGE 450 375975 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 DENTAL EQUIPMENT TO BE USED IN THE DENTAL HYGENIST PROGRAM OFFERED BY 1 250000 ESTIMATE 0 0 0 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 RECIEWS 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 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. 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 39247 CASH METHOD LAKE LAND COLLEGE O 142743 CASH METHOD LAKE LAND COLLEGE B 91730 CASH METHOD