LAKE COURT HOUSE FOUNDATION INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LAKE COURT HOUSE FOUNDATION INC (EIN 35-1368010)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-12-12
IRS object ID
202503469349300005
Schema version
2024v5.2
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)
Return2025-12-12T07:28:39-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN352018898PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BAPPLE & BAPPLE INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1101 N MAIN STAddressLine1Txt
CityCROWN POINTCityNm
State AbbreviationINStateAbbreviationCd
ZIP46307ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN351368010EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAKE COURT HOUSE FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAKEBusinessNameControlTxt
Phone2196630660PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 556AddressLine1Txt
CityCROWN POINTCityNm
State AbbreviationINStateAbbreviationCd
ZIP46308ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID WALDENPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2196630660PhoneNum
Signature2025-11-14SignatureDt
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 PersonMATTHEW M BAPPLE CPAPreparerPersonNm
PTINP00742511PTIN
Phone2196622727PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAVID WALDENPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 556AddressLine1Txt
CityCROWN POINTCityNm
State AbbreviationINStateAbbreviationCd
ZIP46308ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$483,957GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1976FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionTO RENOVATE, PRESERVE, AND MAINTAIN THE LAKE COUNTY COURT HOUSE BUILDING LOCATED ON THE SQUARE IN CROWN POINT, INDIANA.ActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee3TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$95,615PYContributionsGrantsAmt
CY Contributions Grants$74,891CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$91,859PYInvestmentIncomeAmt
CY Investment Income$121,297CYInvestmentIncomeAmt
PY Other Revenue$3,155PYOtherRevenueAmt
CY Other Revenue-$14,975CYOtherRevenueAmt
PY Total Revenue$190,629PYTotalRevenueAmt
CY Total Revenue$181,213CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$32,259PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$19,393CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$98,526PYOtherExpensesAmt
CY Other Expenses$44,565CYOtherExpensesAmt
PY Total Expenses$130,785PYTotalExpensesAmt
CY Total Expenses$63,958CYTotalExpensesAmt
PY Revenues Less Expenses$59,844PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$117,255CYRevenuesLessExpensesAmt
Total Assets BOY$3,429,995TotalAssetsBOYAmt
Total Assets EOY$3,757,506TotalAssetsEOYAmt
Total Liabilities BOY$12,538TotalLiabilitiesBOYAmt
Total Liabilities EOY$23,557TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,417,457NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,733,949NetAssetsOrFundBalancesEOYAmt
MissionTO RENOVATE, PRESERVE, AND MAINTAIN THE LAKE COUNTY COURT HOUSE BUILDING LOCATED ON THE SQUARE IN CROWN POINT, INDIANA.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$43,703ExpenseAmt
Revenue$106,322RevenueAmt
DescTO RENOVATE, PRESERVE, AND MAINTAIN THE LAKE COUNTY COURT HOUSE BUILDING LOCATED ON THE SQUARE IN CROWN POINT, INDIANA.Desc
Total Program Service Expenses$43,703TotalProgramServiceExpensesAmt
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 Endowments0DonorRstrOrQuasiEndowmentsInd
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 Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
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 Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee3EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
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
Form8899 Filedind0Form8899Filedind
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 Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
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 Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2196630660PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 556AddressLine1Txt
CityCROWN POINTCityNm
State AbbreviationINStateAbbreviationCd
ZIP46308ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DAVID WALDEN
PRESIDENT1.00Yes (X)$0$0$0
THOMAS DONOVAN
1ST VICE PRESIDENT1.00Yes (X)$0$0$0
DAVID BRYAN
2ND VICE PRESIDENT1.00Yes (X)$0$0$0
CAROL DRASGA
SECRETARY1.00Yes (X)$0$0$0
JOE SANDERS
TREASURER1.00Yes (X)$0$0$0
MARTHA WHEELER
BOARD MEMBER1.00Yes (X)$0$0$0
TIMOTHY BRIGGS
BOARD MEMBER1.00Yes (X)$0$0$0
TREY FRANKHAUSER
BOARD MEMBER1.00Yes (X)$0$0$0
LYNDIE WALTON
BOARD MEMBER1.00Yes (X)$0$0$0
ROBERT ALM
BOARD MEMBER1.00Yes (X)$0$0$0
MARY PHILLIPS
BOARD MEMBER1.00Yes (X)$0$0$0
JIM KEILMAN
BOARD MEMBER1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$74,891AllOtherContributionsAmt
Total Contributions$74,891TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$121,297TotalRevenueColumnAmt
Related Or Exempt Func Income$121,297RelatedOrExemptFuncIncomeAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$287,769RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$302,744RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$14,975RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$14,975TotalRevenueColumnAmt
Related Or Exempt Func Income-$14,975RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$181,213TotalRevenueColumnAmt
Related Or Exempt Func Income$106,322RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$17,854TotalAmt
Program Services$17,854ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,539TotalAmt
Program Services$1,539ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,386TotalAmt
Program Services$1,693ProgramServicesAmt
Management And General$1,693ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$12,421TotalAmt
Management And General$12,421ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,323TotalAmt
Program Services$2,323ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$14,154TotalAmt
Program Services$14,154ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
TELEPHONE$7,098$3,549$3,549
SUPPLIES$2,965$1,482$1,483
SOFTWARE$2,218$1,109$1,109

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$63,958TotalAmt
Program Services$43,703ProgramServicesAmt
Management And General$20,255ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$365,464BOYAmt
EOY$401,186EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,760BOYAmt
EOY$11,257EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,898,522LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,182,254LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$722,913BOYAmt
EOY$716,268EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,321,858BOYAmt
EOY$2,613,795EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$15,000BOYAmt
EOY$15,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,429,995BOYAmt
EOY$3,757,506EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$12,538BOYAmt
EOY$23,557EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$12,538BOYAmt
EOY$23,557EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,215,858BOYAmt
EOY$3,532,350EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$201,599BOYAmt
EOY$201,599EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,417,457BOYAmt
EOY$3,733,949EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,429,995BOYAmt
EOY$3,757,506EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$117,255ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$192,740NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$6,497OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$60,301CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$60,950CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$77,592CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$95,615CurrentTaxYearMinus1YearAmt
Current Tax Year$74,891CurrentTaxYearAmt
Total$369,349TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$60,301CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$60,950CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$77,592CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$95,615CurrentTaxYearMinus1YearAmt
Current Tax Year$74,891CurrentTaxYearAmt
Total$369,349TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$369,349PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$232,603CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$213,528CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$250,575CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$95,014CurrentTaxYearMinus1YearAmt
Current Tax Year$106,322CurrentTaxYearAmt
Total$898,042TotalAmt
FieldValueIRS element (for citing)
Total Support$1,267,391TotalSupportAmt
Public Support CY1700.29140PublicSupportCY170Pct
Public Support PY1700.42050PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests PY170Yes (X)ThirtyThrPctSuprtTestsPY170Ind

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

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,618,086OtherCostOrOtherBasisAmt
Depreciation$1,577,901DepreciationAmt
Book Value$40,185BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,249,810OtherCostOrOtherBasisAmt
Depreciation$573,727DepreciationAmt
Book Value$676,083BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$30,626OtherCostOrOtherBasisAmt
Depreciation$30,626DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$716,268TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
SECURITY DEPOSITS$12,507
PAYROLL LIABILITIES$1,050
ROOFING REPAIR PAYABLE$10,000
FieldValueIRS element (for citing)
Total Liability$23,557TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE EXECUTIVE DIRECTOR NOTIFIES THE BOARD OF DIRECTORS WHEN THE ANNUAL RETURN (990) AND OTHER REPORTS ARE READY FOR VIEWING. BOARD MEMBERS ARE GIVEN ACCESS TO THESE REPORTS FOR EXAMINATION.
FORM 990, PART VI, SECTION C, LINE 19ALL FINANCIAL STATEMENTS, CONFLICT OF INTEREST STATEMENTS, AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC.
FORM 990, PART XI, LINE 9:AR ACCRUAL ADJUSTMENT 6,497.
SCHEDULE A, PART II, SECTION C, LINE 16A:THE LAKE COURT HOUSE FOUNDATION ("LCF"), A 501(C)(3) PUBLIC CHARITY, IS WRITING TO PROVIDE CLARIFICATION ON OUR CURRENT PUBLIC-SUPPORT PERCENTAGE AND TO OUTLINE THE CORRECTIVE MEASURES WE WILL IMPLEMENT TO ENSURE COMPLIANCE IN THE COMING YEAR. DURING THE MOST RECENT FISCAL PERIOD, LCF RECEIVED APPROXIMATELY 28% OF ITS TOTAL REVENUE FROM PUBLIC CONTRIBUTIONS, WITH THE REMAINING REVENUE DERIVED PRIMARILY FROM TENANT RENT WITHIN THE HISTORIC COURTHOUSE FACILITY. WHILE TENANT INCOME IS ESSENTIAL TO MAINTAIN AND PRESERVE THIS 150-YEAR-OLD LANDMARK, WE RECOGNIZE THAT RENTAL INCOME IS NOT CONSIDERED PUBLIC SUPPORT FOR PURPOSES OF THE PUBLIC CHARITY TEST. OUR PUBLIC-SUPPORT PERCENTAGE FELL SLIGHTLY BELOW THE 33 1/3% THRESHOLD THIS YEAR FOR THE FOLLOWING REASONS: 1. ONE-TIME FLUCTUATIONS IN RENTAL OCCUPANCY AND MULTI-YEAR LEASES, WHICH RESULTED IN HIGHER-THAN-NORMAL FACILITY-USE REVENUE. 2. LOWER-THAN-EXPECTED ANNUAL FUNDRAISING, PARTIALLY DRIVEN BY DEFERRED EVENTS AND LIMITED OUTREACH CAPACITY DURING BUILDING REPAIRS AND GOVERNANCE RESTRUCTURING. 3. TRANSITION OF MUSEUM OPERATIONS, WHICH TEMPORARILY REDUCED PHILANTHROPIC ENGAGEMENT. WE ARE COMMITTED TO INCREASING OUR PUBLIC-SUPPORT RATIO TO AT LEAST 33 1/3% IN THE UPCOMING YEAR AND HAVE ALREADY ADOPTED A CORRECTIVE PLAN TO DO SO. OUR PLAN INCLUDES: 1. EXPANDED FUNDRAISING PROGRAMS - LAUNCHING A TARGETED DONOR CAMPAIGN FOCUSED ON RESTORATION, PRESERVATION, AND LOCAL HISTORY ENGAGEMENT. - REINSTATING ANNUAL FUNDRAISING EVENTS THAT HISTORICALLY BROUGHT IN SIGNIFICANT CONTRIBUTIONS. 2. IMPROVED GRANT-SEEKING ACTIVITIES - APPLYING FOR FEDERAL, STATE, AND PRIVATE FOUNDATION GRANTS SPECIFICALLY DESIGNATED FOR HISTORIC PRESERVATION, COMMUNITY EDUCATION, AND HERITAGE PROGRAMMING. 3. COMMUNITY OUTREACH INITIATIVES - INCREASING VOLUNTEER MEMBERSHIP, PUBLIC TOURS, AND EDUCATIONAL PROGRAMS, WHICH HISTORICALLY GENERATE DONOR SUPPORT. - PARTNERING WITH LOCAL CIVIC GROUPS TO INCREASE VISIBILITY AND CONTRIBUTIONS. 4. ADJUSTING FACILITY INCOME RELIANCE - MODERATING INCREASES IN RENTAL RATES AND AVOIDING NEW LONG-TERM LEASE STRUCTURES THAT WOULD DISPROPORTIONATELY RAISE NON-PUBLIC-SUPPORT REVENUE. - ALLOCATING A LARGER PERCENTAGE OF RESTRICTED DONATIONS TOWARD OPERATING NEEDS TO REDUCE RELIANCE ON TENANT INCOME. 5. GOVERNANCE IMPROVEMENTS - IMPLEMENTING STRONGER BOARD OVERSIGHT AND FINANCIAL PLANNING TO ENSURE THE FOUNDATION MAINTAINS ITS REQUIRED PUBLIC-SUPPORT BALANCE GOING FORWARD. THE LAKE COURT HOUSE FOUNDATION REMAINS FULLY COMMITTED TO OPERATING AS A PUBLIC CHARITY AND SUPPORTING THE PRESERVATION AND EDUCATIONAL MISSION OF THE HISTORIC LAKE COUNTY COURTHOUSE. WE EXPECT THAT THESE ACTIONS WILL RESTORE OUR PUBLIC-SUPPORT PERCENTAGE TO ABOVE 33 1/3% DURING THE NEXT MEASUREMENT PERIOD AND MAINTAIN COMPLIANCE IN FUTURE YEARS. WE APPRECIATE YOUR CONSIDERATION AND ARE HAPPY TO PROVIDE ANY ADDITIONAL DOCUMENTATION OR CLARIFICATION THE SERVICE MAY REQUIRE.

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