2025-12-12T07:28:39-06:00 2024-12-31 352018898 BAPPLE & BAPPLE INC 101 N MAIN ST CROWN POINT IN 46307 990 2024-01-01 351368010 LAKE COURT HOUSE FOUNDATION INC LAKE 2196630660 PO BOX 556 CROWN POINT IN 46308 DAVID WALDEN PRESIDENT 2196630660 2025-11-14 1 1 MATTHEW M BAPPLE CPA P00742511 2196622727 2024 2025-03-06 01:10:19Z DAVID WALDEN PO BOX 556 CROWN POINT IN 46308 483957 0 X N/A X 1976 IN TO RENOVATE, PRESERVE, AND MAINTAIN THE LAKE COUNTY COURT HOUSE BUILDING LOCATED ON THE SQUARE IN CROWN POINT, INDIANA. 12 12 3 0 0 0 95615 74891 0 0 91859 121297 3155 -14975 190629 181213 0 0 0 0 32259 19393 0 0 0 98526 44565 130785 63958 59844 117255 3429995 3757506 12538 23557 3417457 3733949 TO RENOVATE, PRESERVE, AND MAINTAIN THE LAKE COUNTY COURT HOUSE BUILDING LOCATED ON THE SQUARE IN CROWN POINT, INDIANA. 0 0 43703 106322 TO RENOVATE, PRESERVE, AND MAINTAIN THE LAKE COUNTY COURT HOUSE BUILDING LOCATED ON THE SQUARE IN CROWN POINT, INDIANA. 43703 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 IN X THE ORGANIZATION 2196630660 PO BOX 556 CROWN POINT IN 46308 X DAVID WALDEN PRESIDENT 1.00 X 0 0 0 THOMAS DONOVAN 1ST VICE PRESIDENT 1.00 X 0 0 0 DAVID BRYAN 2ND VICE PRESIDENT 1.00 X 0 0 0 CAROL DRASGA SECRETARY 1.00 X 0 0 0 JOE SANDERS TREASURER 1.00 X 0 0 0 MARTHA WHEELER BOARD MEMBER 1.00 X 0 0 0 TIMOTHY BRIGGS BOARD MEMBER 1.00 X 0 0 0 TREY FRANKHAUSER BOARD MEMBER 1.00 X 0 0 0 LYNDIE WALTON BOARD MEMBER 1.00 X 0 0 0 ROBERT ALM BOARD MEMBER 1.00 X 0 0 0 MARY PHILLIPS BOARD MEMBER 1.00 X 0 0 0 JIM KEILMAN BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 74891 74891 121297 121297 287769 302744 -14975 -14975 -14975 181213 106322 0 0 17854 17854 1539 1539 3386 1693 1693 12421 12421 2323 2323 14154 14154 TELEPHONE 7098 3549 3549 SUPPLIES 2965 1482 1483 SOFTWARE 2218 1109 1109 63958 43703 20255 0 365464 401186 4760 11257 2898522 2182254 722913 716268 2321858 2613795 15000 15000 3429995 3757506 12538 23557 12538 23557 X 3215858 3532350 201599 201599 3417457 3733949 3429995 3757506 X 117255 192740 6497 X 0 0 0 X 60301 60950 77592 95615 74891 369349 60301 60950 77592 95615 74891 369349 369349 232603 213528 250575 95014 106322 898042 1267391 0.29140 0.42050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1618086 1577901 40185 1249810 573727 676083 30626 30626 0 716268 SECURITY DEPOSITS 12507 PAYROLL LIABILITIES 1050 ROOFING REPAIR PAYABLE 10000 23557 FORM 990, PART VI, SECTION B, LINE 11B THE 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 19 ALL 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.