2012-08-14T14:40:05-05:00 2011-12-31 364049282 PASQUESI SHEPPARD LLC 585 BANK LANE LAKE FOREST IL 60045 990 2011-01-01 364206288 LAKE COUNTY PARTNERS FOR ECONOMIC DEVELOPMENT INC LAKE 8475971220 100 TRI-STATE INTERNATIONAL DRIVE NO 122 LINCOLNSHIRE IL 60069 JEFF POZEN 8475971220 2012-08-08 1 PATRICK C GRAS P00690049 8472345000 2011 2016-02-24 21:20:13Z X CHARLES LAMPHERE 100 TRI-STATE INTERNATIONAL DRIVE NO 122 LINCOLNSHIRE IL 60069 859127 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. 24 24 8 0 0 0 721945 706991 207452 152020 357 116 15039 0 944793 859127 0 0 0 0 675386 689941 0 0 0 294180 328751 969566 1018692 -24773 -159565 229607 123356 47376 100690 182231 22666 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 777644 152020 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. 777644 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 8 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X RITA LUMADUE 8475971220 100 TRI-STATE INTERNATION DRIVE LINCOLNSHIRE IL 60069 MARVIN BEMBRY 2.00 X 0 0 0 JOHN FRESE 2.00 X 0 0 0 SUZANNE ZUPEC 2.00 X 0 0 0 KENNETH ROBINSON 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 ANGELO KYLE 2.00 X X 0 0 0 DAVID STOLMAN 2.00 X 0 0 0 PAT CAREY 2.00 X 0 0 0 STEVENSON MOUNTSIER 2.00 X 0 0 0 BILL WESTERNAB 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 FRANK UNICK 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 KENNETH MARABELLA 40.00 X 22508 0 0 STEVEN ANDERSON 40.00 X 145844 0 0 168352 0 0 1 1 0 0 0 706991 706991 SBA INCOME 525990 101051 101051 FINANCING FEES 525990 30985 30985 ANNUAL MEETING 900099 15885 15885 MICRO LOAN INCOME 525990 4099 4099 152020 116 116 859127 152020 0 116 552030 433566 118464 90468 71054 19414 47443 37261 10182 8895 8895 14480 14480 1005 1005 25961 20390 5571 11884 11884 74760 58716 16044 38799 38799 6327 6327 8685 6822 1863 768 768 LCP ANNUAL MEETING COST 35099 35099 REPAIRS AND MAINTENANCE 28939 5140 23799 TELEPHONE 17760 13950 3810 DUES AND SUBSCRIPTIONS 10229 6424 3805 45160 31207 13953 1018692 777644 241048 0 179402 88357 5000 10567 248817 224748 32754 24069 6884 5930 229607 123356 14264 25000 58763 22376 27663 47376 100690 X 182231 22666 182231 22666 229607 123356 -159565 0 X X 0 1 1 X 0 X 941034 764405 759422 721945 706991 3893797 274988 556330 149129 207452 135435 1323334 1216022 1320735 908551 929397 842426 5217131 0 0 0 5217131 1911 3053 766 357 116 6203 1911 3053 766 357 116 6203 7508 19041 87207 15039 16585 145380 1225441 1342829 996524 944793 859127 5368714 0.97180 0.97100 0.00120 0.00100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 144495 139240 5255 104322 85508 18814 24069 ACCRUED VACATION 24163 ACCRUED EXPENSES 3500 27663 859127 1018692 -159565 -159565 859127 0 859127 0 859127 1018692 0 1018692 0 1018692 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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. X X X 1 0 0 0 0 0 0 0 0 STEVEN ANDERSON 145844 0 0 0 0 0 0 0 0 0 145844 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. PART I, LINE 4A STEVEN ANDERSON - $20,457 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. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.