2013-05-01T13:38:45-05:00 2012-12-31 364049282 PASQUESI SHEPPARD LLC 585 BANK LANE LAKE FOREST IL 60045 990 2012-01-01 364206288 LAKE COUNTY PARTNERS FOR ECONOMIC DEVELOPMENT INC LAKE 8475971220 100 TRI-STATE INTERNATIONAL DRIVE NO 122 LINCOLNSHIRE IL 60069 MICHAEL STEVENS 8475971220 2013-05-01 1 PATRICK C GRAS P00690049 8472345000 2012 2016-03-07 17:11:31Z CHARLES LAMPHERE 100 TRI-STATE INTERNATIONAL DRIVE NO 122 LINCOLNSHIRE IL 60069 919944 0 X LAKECOUNTYPARTNERS.COM X 1998 IL TO MAINTAIN ECONOMIC VITALITY AND QUALITY OF LIFE IN LAKE COUNTY, ILLINOIS BY CREATING AND RETAINING JOBS, STIMULATING CAPITAL INVESTMENT, PURSUING ECONOMIC DIVERSITY AND IMPROVING THE COUNTY'S BUSINESS CLIMATE. 25 25 7 0 0 0 706991 757794 152020 157628 116 36 0 4486 859127 919944 0 0 0 0 689941 499174 0 0 0 328751 309551 1018692 808725 -159565 111219 123356 211758 100690 77873 22666 133885 TO MAINTAIN ECONOMIC VITALITY AND QUALITY OF LIFE IN LAKE COUNTY, ILLINOIS BY CREATING AND RETAINING QUALITY JOBS, STIMULATING CAPITAL INVESTMENT, PURSUING ECONOMIC DIVERSITY AND IMPROVING THE COUNTY'S BUSINESS CLIMATE. 0 0 679301 162114 THE ORGANIZATION IMPLEMENTS AN ECONOMIC DEVELOPMENT PROGRAM THAT FOCUSES ON A) ATTRACTING, RETAINING, AND EXPANDING BUSINESSES, B) ADVOCATING FOR INFRASTRUCTURE IMPROVEMENTS, AND C) SPEARHEADING INITIATIVES THAT BOLSTER BUSINESS SUCCESS. THE ORGANIZATION ACHIEVES THIS THOUGH THE DIRECT DELIVERY OF FINANCIAL PRODUCTS (SBA 504 LOANS AND IRB'S) AND THROUGH STRATEGIC RELATIONSHIPS WITH STATE PROGRAM ADMINISTRATORS, THE LAKE COUNTY DEVELOPMENT COMMUNITY, AND 52 MUNICIPALITIES. AS A RESULT, LAKE COUNTY MAINTAINS AND CONTINUES TO IMPROVE ITS APPEAL AS A GREAT PLACE TO LIVE, WORK, AND GROW. 679301 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 1 9 0 7 1 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X MICHAEL STEVENS 8475971220 100 TRI-STATE INTERNATION DRIVE LINCOLNSHIRE IL 60069 MARVIN BEMBRY 2.00 X 0 0 0 VALERY GALLAGHER 2.00 X 0 0 0 SUZANNE ZUPEC 2.00 X 0 0 0 JIM BENDER 2.00 X 0 0 0 JERRY WEBER 2.00 X 0 0 0 DIANE EMERSON 2.00 X 0 0 0 DEAN GLASSBERG 2.00 X 0 0 0 JESSE PETERSON HALL 2.00 X 0 0 0 JOSEPH LUNA 2.00 X 0 0 0 BARRY BURTON 2.00 X 0 0 0 AARON LAWLOR 2.00 X 0 0 0 DAVID STOLMAN 2.00 X 0 0 0 PAT CAREY 2.00 X 0 0 0 BRAD HARPER 2.00 X 0 0 0 MICHAEL STEVENS 40.00 X X 131107 0 0 BILL WESTERMAN 2.00 X 0 0 0 ELIZABETH SUERTH 2.00 X 0 0 0 LARRY FALBE 2.00 X 0 0 0 K MICHAEL WELCH 2.00 X 0 0 0 JEFFREY POZEN 2.00 X X 0 0 0 BRENT PAXTON 2.00 X 0 0 0 CHARLES LAMPHERE 2.00 X X 0 0 0 GHIDA NEUKIRCH 2.00 X 0 0 0 GAIL EDGAR 2.00 X 0 0 0 NICK SAUER 2.00 X 0 0 0 131107 0 0 1 0 0 0 0 707794 50000 757794 SBA INCOME 525990 141600 141600 ANNUAL MEETING 900099 16028 16028 157628 36 36 OTHER INCOME 900099 4486 4486 4486 919944 162114 0 36 389813 335239 54574 72928 62718 10210 36433 31332 5101 112635 77703 34932 170 170 33597 28893 4704 37355 32125 5230 11520 11520 9199 7912 1287 2132 2132 LCP ANNUAL MEETING COST 33254 33254 TELEPHONE 14960 12865 2095 MISCELLANEOUS 14041 10562 3479 TECHNICAL DATA 12914 12914 0 27774 22094 5680 808725 679301 129424 0 88357 164777 5000 13590 71765 38374 24069 33391 5930 123356 211758 14264 20693 58763 30000 27663 27180 100690 77873 X 22666 133885 22666 133885 123356 211758 111219 0 X X 0 1 X 1 0 X 764405 759422 721945 706991 757794 3710557 556330 149129 207452 135435 141600 1189946 1320735 908551 929397 842426 899394 4900503 0 0 0 4900503 3053 766 357 116 36 4328 3053 766 357 116 36 4328 19041 87207 15039 16585 20514 158386 1342829 996524 944793 859127 919944 5063217 0.96790 0.97180 0.00090 0.00120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 71765 38374 33391 33391 ACCRUED VACATION 25180 ACCRUED EXPENSES 2000 27180 X 919944 0 919944 0 919944 808724 0 808724 1 1 808725 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: MANAGEMENT HAS ADOPTED ACCOUNTING PROVISIONS THAT IMPOSE A THRESHOLD FOR DETERMINING WHEN UNCERTAIN TAX POSITIONS SHOULD BE DISCLOSED OR RECORDED. THE THRESHOLD NOW IMPOSED FOR FINANCIAL STATEMENT REPORTING GENERALLY IS HIGHER THAN THE THRESHOLD NOW IMPOSED FOR CLAIMING DEDUCTIONS ON INCOME TAX RETURNS. AS A RESULT OF THE IMPLEMENTATION, THE ORGANIZATION UTILIZED THE "MORE LIKELY THAN NOT" CRITERIA AND DETERMINED THAT ALL OF THEIR TAX POSITIONS MEET THAT CRITERIA. THEREFORE, THE ORGANIZATION HAS NOT RECORDED ANY ADJUSTMENTS OR DISCLOSED ANY SITUATIONS THAT AROSE FROM UNCERTAIN TAX POSITIONS. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING ADJUSTMENT 1. X X X 0 0 0 0 0 0 0 0 0 PART I, LINE 3 COMPENSATION STUDIES ARE PERIODICALLY PERFORMED BY AN INDEPENDENT PARTY. THE STUDIES REVIEW COMPENSATION FOR COMPARABLE POSITIONS AND ORGANIZATIONS. THE BOARD OF GOVERNORS THEN DETERMINES IF THE ORGANIZATION'S COMPENSATION PACKAGE IS COMPARABLE TO OTHER SIMILAR ENTITIES. THE ORGANIZATION HISTORICALLY FOLLOWS THE STUDY'S RECOMMENDATIONS AND SCHEDULE FOR PERIODIC COST OF LIVING ADJUSTMENTS. IN ADDITION, A NEW PRESIDENT, CEO, OR EXECUTIVE DIRECTOR EMPLOYED, SIGNES AN EMPLOYMENT CONTRACT WITH THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PRESENTED TO THE OFFICERS OF THE BOARD OF GOVERNORS, WHO, UPON REVIEW, MAKE A RECOMMENDATION TO THE BOARD TO SUBMIT IT AS PREPARED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BOARD OF GOVERNORS DETERMINES WHEN A CONFLICT OF INTEREST EXISTS AMONG ITS MEMBERS AND ADVISES ITS MEMBERS WHEN A CONFLICT DOES EXIST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION STUDIES ARE PERIODICALLY PERFORMED BY AN INDEPENDENT PARTY. THE STUDIES REVIEW COMPENSATION FOR COMPARABLE POSITIONS AND ORGANIZATIONS. THE BOARD OF GOVERNORS THEN DETERMINES IF THE ORGANIZATION'S COMPENSATION PACKAGE IS COMPARABLE TO OTHER SIMILAR ENTITIES. THE ORGANIZATION HISTORICALLY FOLLOWS THE STUDY'S RECOMMENDATIONS AND SCHEDULE FOR PERIODIC COST OF LIVING ADJUSTMENTS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICES. OTHER FEES FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 16,283. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,283. WEBSITE MAINTENANCE: PROGRAM SERVICE EXPENSES 3,634. MANAGEMENT AND GENERAL EXPENSES 18,649. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,283. CONSULTING: PROGRAM SERVICE EXPENSES 74,069. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,069. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.