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LAKE PARK ASSOCIATES INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
LAKE PARK ASSOCIATES INC (EIN 36-6111317)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-15
IRS object ID
202311359349308576
Schema version
2021v4.1
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)
Return2023-05-15T10:42:19-07:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN010672939PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Paul J Smit & AssociatesBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13330 181st Place Suite 204AddressLine1Txt
CityLansingCityNm
State AbbreviationILStateAbbreviationCd
ZIP60438ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN366111317EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Lake Park Associates IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAKEBusinessNameControlTxt
Phone7739550200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15235 S Harper Court Suite 900AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60615ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJee He KimPersonNm
Person TitleAssoc VP FinancePersonTitleTxt
Signature2023-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJee HePersonFirstNm
Person LastKimPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPaul J SmitPreparerPersonNm
PTINP00669815PTIN
Phone7088891099PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMary Frances McCourtPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15235 S Harper Court Suite 900AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60615ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$8,628,490GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1963FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionLake Park Associates acquires, sells, holds, manages and leases real property for the benefit of The University of Chicago.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$848,979PYContributionsGrantsAmt
CY Contributions Grants$1,133,306CYContributionsGrantsAmt
PY Program Service Revenue$7,035,690PYProgramServiceRevenueAmt
CY Program Service Revenue$7,488,332CYProgramServiceRevenueAmt
PY Investment Income-$148,317PYInvestmentIncomeAmt
CY Investment Income$6,852CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$7,736,352PYTotalRevenueAmt
CY Total Revenue$8,628,490CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$8,500,178PYOtherExpensesAmt
CY Other Expenses$9,442,622CYOtherExpensesAmt
PY Total Expenses$8,500,178PYTotalExpensesAmt
CY Total Expenses$9,442,622CYTotalExpensesAmt
PY Revenues Less Expenses-$763,826PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$814,132CYRevenuesLessExpensesAmt
Total Assets BOY$84,892,237TotalAssetsBOYAmt
Total Assets EOY$81,064,507TotalAssetsEOYAmt
Total Liabilities BOY$4,757,234TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,861,608TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$80,135,003NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$78,202,899NetAssetsOrFundBalancesEOYAmt
MissionLake Park Associates acquires, sells, holds, manages and leases real property for the benefit of The University of Chicago.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescProgram service expenses relating to the cost of managing real property for the benefit of the University of Chicago.Desc
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document18IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (true)DelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMcCaffery Interests IncPersonNm
Phone7739550200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15239 S Harper AvenueAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60615ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Derek Douglas
VP-former3.0040.00Yes (X)Yes (X)$0$908,824$95,390
Kimberly Taylor
VP andSecretary3.0040.00Yes (X)Yes (X)$0$892,391$98,411
Katie Callow-Wright
Vice President3.0040.00Yes (X)Yes (X)$0$761,429$57,180
Brett Padgett
Presidnt-former3.0040.00Yes (X)Yes (X)$0$497,643$56,721
Lori Berko
Director3.0040.00Yes (X)$0$361,186$36,925
Angelica Marks
VP andTreasurer3.0040.00Yes (X)Yes (X)$0$324,901$53,753
Robert Rush
Asst Secretary3.0040.00Yes (X)$0$248,494$19,901
Mary Frances McCourt
President3.0040.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Tot Reportable Comp Rltd Org$3,994,868TotReportableCompRltdOrgAmt
Total Other Compensation$418,281TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Allied Universal Security ServicesBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 828854AddressLine1Txt
CityPhiladelphiaCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19182ZIPCd
FieldValueIRS element (for citing)
ServicesSecurity guard srvcsServicesDesc
Compensation$169,620CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,133,306AllOtherContributionsAmt
Total Contributions$1,133,306TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescRENTAL INCOMEDesc
Total Revenue Column$7,488,332TotalRevenueColumnAmt
Related Or Exempt Func Income$7,488,332RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$7,488,332TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,852TotalRevenueColumnAmt
Exclusion$6,852ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescCOST REIMB&OTHER REVDesc
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,628,490TotalRevenueColumnAmt
Related Or Exempt Func Income$7,488,332RelatedOrExemptFuncIncomeAmt
Exclusion$6,852ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$190,618TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$123,470TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$358,715TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$12,467TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$3,122,272TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$168,675TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
OTHER ADMINISTRATIVE$2,058,481
REAL ESTATE TAX$2,041,947
Repair and maintenance$1,318,412
Patrols-Kimbark$35,193

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$12,372TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,442,622TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$7,751,526BOYAmt
EOY$6,648,548EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,724,899BOYAmt
EOY$1,390,806EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$163,200BOYAmt
EOY$140,628EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$113,257,819LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$41,527,508LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$73,436,964BOYAmt
EOY$71,730,311EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,815,648BOYAmt
EOY$1,154,214EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$84,892,237BOYAmt
EOY$81,064,507EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,647,881BOYAmt
EOY$2,396,327EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$293,709BOYAmt
EOY$363,118EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,713,481BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$102,163BOYAmt
EOY$102,163EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,757,234BOYAmt
EOY$2,861,608EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$80,135,003BOYAmt
EOY$78,202,899EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$80,135,003BOYAmt
EOY$78,202,899EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$84,892,237BOYAmt
EOY$81,064,507EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$814,132ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$1,117,972OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$36,815,157OtherCostOrOtherBasisAmt
Book Value$36,815,157BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$70,296,143OtherCostOrOtherBasisAmt
Depreciation$38,709,609DepreciationAmt
Book Value$31,586,534BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,859,904OtherCostOrOtherBasisAmt
Depreciation$2,817,899DepreciationAmt
Book Value$42,005BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,286,615OtherCostOrOtherBasisAmt
Book Value$3,286,615BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$71,730,311TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescTENANT SECURITY DEPOSITSDesc
Amt$102,163Amt
FieldValueIRS element (for citing)
Total Liability$102,163TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$8,475,468TotalRevEtcAuditedFinclStmtAmt
Other Revenue$116,568OtherRevenueAmt
Revenue Not Reported$116,568RevenueNotReportedAmt
Revenue Subtotal$8,358,900RevenueSubtotalAmt
Other Revenues Not Included$269,590OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$269,590RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,628,490TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$9,289,600TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$9,289,600ExpensesSubtotalAmt
Other Expenses Not Included$153,022OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$153,022ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$9,442,622TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part X : FIN48 FootnoteLake Park Associates, Inc. was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(2). The tax exempt purpose of Lake Park Associates, Inc. and the nature in which it operates are described in Part III Note 1 of the IRS Form 990 (Page 2 of 990). Lake Park Associates, Inc. continues to operate in compliance with its tax exempt purpose. Lake Park Associate Inc.'s annual information return filed with the federal government is subject to examination for the statutory period. Lake Park Associates, Inc. had no material uncertain tax positions and as proscribed by FIN 48, a footnote was not required in the compiled financial statements.
Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990INVESTMT INCOME FROM KIMBRK (NET INCOME) $116568
Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/SKimbark investment property income $269590
Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/SKimbark investment property expenses $153022

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Related OrganizationsBonusRelatedOrganizationsAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmt
Angelica Marks
VP andTreasurer$282,001$42,900$23,200$30,553$378,654
Brett Padgett
Presidnt-former$422,422$53,000$23,200$33,521$554,364$22,221
Derek Douglas
VP-former$612,461$261,000$23,200$72,190$1,004,214$35,363
Katie Callow-Wright
Vice President$611,265$145,000$23,200$33,980$818,609$5,164
Kimberly Taylor
VP andSecretary$768,038$116,250$23,200$75,211$990,802$8,103
Lori Berko
Director$307,395$52,500$23,200$13,725$398,111$1,291
Robert Rush
Asst Secretary$248,494$19,879$22$268,395

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (12 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 3: Description of Delegated Duties to Management CompanyLake Park Associates, Inc. has contracted with McCaffery Interests, Inc. to manage properties. Property management services provided include, but are not limited to, the following: providing accounting and bookkeeping services such as billing and collection of rent, payment of all bills, reconciliation of bank accounts; lease negotiation and execution with tenants; property (site) management services including hiring of security services; securing new tenants when applicable; subcontracting out of property repair and maintenance services and managing these contracts and projects.
Form 990, Part VI, Line 6: Explanation of Classes of Members or ShareholderThe University of Chicago is the sole shareholder of Lake Park Associates. The officers of Lake Park Associates are elected by the Board. The decisions of the officers of Lake Park Associates are subject to the approval of the University of Chicago.
Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing BodyThe University of Chicago is the sole shareholder of Lake Park Associates. The officers of Lake Park Associates are elected by the Board. The decisions of the officers of Lake Park Associates are subject to the approval of the University of Chicago.
Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or ShareholdersThe University of Chicago is the sole shareholder of Lake Park Associates. The officers of Lake Park Associates are elected by the Board. The decisions of the officers of Lake Park Associates are subject to the approval of the University of Chicago.
Form 990, Part VI, Line 11b: Form 990 Review ProcessA copy of the Form 990 was sent to the officers of the Lake Park Associates before the Form 990 was filed.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of ConflictsThe officers of Lake Park Associates are employees of the University of Chicago. The University of Chicago has a written conflict of interest policy and the officers of Lake Park Associates are required to complete the conflict of interest questionnaire, which includes all related organizations including Lake Park Associates, and comply with the University of Chicago's conflict of interest policy.
Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top ManagementLake Park Associates, Inc. does not have any employees. The officers of Lake Park Associates are employees of the University of Chicago. The University of Chicago does have a review and approval process in place for determining compensation of officers and key employees.
Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key EmployeesLake Park Associates, Inc. does not have any employees. The officers of Lake Park Associates are employees of the University of Chicago. The University of Chicago does have a review and approval process in place for determining compensation of officers and key employees.
Form 990, Part VI, Line 19: Other Organization Documents Publicly AvailableLake Park Associates complies with Federal and Illinois public disclosure requirements with respect to governing documents, policies and financial statements. Lake Park Associates' policy is to fulfill all requests for the forms made in writing or in person by providing a printed copy of the requested document.
Other Changes In Net Assets Or Fund Balances - Other DecreasesContribution to stockholder = -$1117972
Form 990, Part VI, Section B 15A and 15BThe officers and board members of Lake Park Associates are not compensated by Lake Park Associates. They are employees of the University of Chicago, the controlling organization. The University of Chicago does review their compensation as officers of the University.
Form 990, Part VI, Section B, Line 13Lake Park Associates, Inc. does not have any employees. The employees who are officers and directors of Lake Park Associates are University of Chicago employees. The University of Chicago has a written whistleblower policy that is applicable to all employees.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (28 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCdForeign PostalForeignAddress/ForeignPostalCd
University of Chicago
5801 S Ellis AvenueChicagoIL60637362177139Education and ResearchIL501(c)(3)Line 2N/Afalse
UniversityofChicago Cancer Research Fund
5801 S Ellis AveChicagoIL60637366056201Supporting researchIL501(c)(3)Line 12A, IfalseUniversity of Chicago
University of Chicago Property Hldg Crp
5801 S Ellis AveChicagoIL60637366108743Property holdingIL501(c)(2)falseUniversity of Chicago
ARCH Development Corporation
5555 S Woodlawn AveChicagoIL60637363485244Technology transferIL501(c)(3)Line 12A, IfalseUniversity of Chicago
UniversityofChicago Charter School Corp
5801 S Ellis AveChicagoIL60637364225812EducationIL501(c)(3)Line 2falseUniversity of Chicago
Court Theatre Fund
5535 S Ellis AveChicagoIL60637363203660Supporting the artsIL501(c)(3)Line 12A, IfalseUniversity of Chicago
UniversityofChicago Self Insurance Trust
5801 S Ellis AveChicagoIL60637363020034Malpractice trustIL501(c)(3)Line 12A, IfalseUniversity of Chicago
UniversityofChicago Retiree Mdcl Trust
5801 S Ellis AveChicagoIL60637363999692Medical TrustIL501(c)(3)Line 12A, IfalseUniversity of Chicago
Chicago Tumor Institute
5801 S Ellis AveChicagoIL60637237136019Supporting researchIL501(c)(3)Line 12A, IfalseUniversity of Chicago
National Opinion Research Center
55 E MonroeChicagoIL60603362167808Social science surveysIL501(c)(3)Line 7falseNA
The Quadrangle Club
5801 S Ellis AveChicagoIL60637361655190Social ClubIL501(c)(7)falseUniverstiy of Chicago
Fermi Research Alliance LLC
PO Box 500BataviaIL60510571239010Manage labIL501(c)(3)Line 7falseNA
UChicago Research Intl Ltd
5801 S Ellis AveChicagoIL60637262741573ResearchIL501(c)(3)Line 12A, IfalseUniversity of Chicago
University of Chicago Cloisters Club
1212 E 59th StChicagoIL60637Social ClubILfalseUniversity of Chicago
Chicago Home for the Incurables
5801 S Ellis AveChicagoIL60637362169138Supporting researchILLine 12A, I501(c)(3)falseUniversity of Chicago
The John Crerar Foundation
5730 S Ellis AvenueChicagoIL60637363155157Support the libraryIL501(c)(3)Line 12D, III-0N/Afalse
Chapin Hall Center for Children
1313 E 60th StreetChicagoIL60637362167012Policy research centerIL501(c)(3)Line 7N/Afalse
HYMEN MILGROM SUPPORTING ORGANIZATION
33 N LaSalle Street Suite 2131ChicagoIL60602466789522Support education researchVA501(c)(3)Line 12D, III-0N/Afalse
The Marine Biological Laboratory
7 MBL STREETWoods HoleMA02543042104690Research and EducationME501(c)(3)Line 7falseUniversity of Chicago
University of Chicago Medical Ctr
5841 S MarylandChicagoIL60637363488183HospitalIL501(c)(3)Line 3falseUniversity of Chicago
Asian Health Coalition
180 W Washington St Suite 1000ChicagoIL60602311607193Healthcare AccessibilityIL501(c)(3)Line 10falseUniversity of Chicago
UCM Community Health&Hospital Div Inc
208 South LaSalle StreetChicagoIL60604363181170PROMOTE HEALTHY COMMUNITIES & HEALTHCAREIL501(c)(3)Line 12B, IIfalseUNIV OF CHICAGO MEDICAL CENTER
University of Chicago Center in Paris
EducationfalseUniversity of Chicago6 Rue Thomas Mann 75013ParisFRFR
UniversityofChicago Booth Schl of Busine
EducationfalseUniversity of ChicagoWolgate Exchange 25 Basinghal StLondonUKUKEC2V5HA
UniversityofChicago Booth Schl of Busine
EducationfalseUniversity of Chicago101PENANG RD 238466SingaporeSNSN
University of Chicago Trust India
FundraisingfalseUniversity of ChicagoL-9East WingRaheja Towers Mg RdBangaloreININ560001
UniversityofChicago Foundtn in Hongkong
FundraisingfalseUniversity of ChicagoRM100 FAR EAST CTR C/O WM FAN COHong KongHKHK
UChicago Research Bangladesh Ltd
ResearchfalseUCHGO RSCH INTLHouse No 388 Road 24 New DohMohakhali DhakaBGBG

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)

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SC Curriculum Inc
70 West Madison StChicagoIL60602Science curriculumILUniv of Chicagofalse
Phoenix Overlay Fund LTD
401 N Michigan AvenueChicagoIL60611InvestingUniv of Chicagofalse
UChicago Beijing Consulting Co LTD
ConsultingUniv of ChicagofalseUNIT 1-10 CULTURE PL OF REMMIN UNIVBeijingCHCH
UChicago Center in India Pvt Ltd
ConsultingUniv of ChicagofalseU 5-10 DLF CapPoint Baba Khara SingNew DelhiININ
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE R, PART IFormAndLineReferenceDesc
ExplanationThe University of Chicago, a 501(c)(3) organization, is the direct controlling organization of Lake Park Associates, Inc. For purposes of completeness, the following information is provided: The related organizations listed below are disregarded entities of the University of Chicago:UChicago Argonne LLC - 68-0628477, 5801 S. Ellis Avenue, Chicago, IL 60637Primary Activity: Manage Lab Legal Domicile: IllinoisUniversity of Chicago Foundation Ltd 98-0525557, 5th FL Alder Castle, 10 Noble, London, United Kingdom Primary Activity: Fundraising Legal Domicile: United KingdomTheory and Computing Sciences Building Trust 51-6596577 - 5801 S. Ellis Avenue, Chicago, IL 60637Primary Activity: Research Building Legal Domicile: IllinoisUChicago Trading 30-0517735, 5801 S. Ellis Avenue, Chicago, IL 60637Primary Activity: Investing Legal Domicile: IllinoisMaroon Investments LLC 5801 S. Ellis Avenue, Chicago, IL 60637Primary Activity: Holding CompanyLegal Domicile: DelawareUChicago Impact LLC 61-1682394, 1307 E. 60th Street, Chicago, IL 60637Primary Activity: Education Legal Domicile: IllinoisHarper Court LLC 5801 S. Ellis Avenue, Chicago, IL 60637Primary Activity: Holding Company Legal Domicile: IllinoisLPA Management LLC 5801 S. Ellis Avenue, Chicago, IL 60637Primary Activity: Property Management Legal Domicile: Illinois6014 Cottage Grove LPA Holdings LLC 5801 S. Ellis Avenue, Chicago, IL 60637Primary Activity: Property Holding CompanyLegal Domicile: IllinoisCenter for Research in Securities Prices LLC 5801 S. Ellis Avenue, Chicago, IL 60637Primary Activity: Securities Research and DataLegal Domicile: IllinoisHarper Court Holdings 2 LLC 5801 S. Ellis Avenue, Chicago, IL 60637Primary Activity: Holding Company Legal Domicile: IllinoisFor purposes of completeness, please note the following:The entities listed below are disregarded entities of The University of Chicago Medical Center:UCMC Community Physicians LLC, 5841 S. Maryland Ave., Chicago, IL 60637EIN: 38-3865637 Primary Activity: Physician Services Legal Domicile: IllinoisUniversity of Chicago Medicine Care Network LLC, 5841 S. Maryland Ave., Chicago, IL 60637EIN: 47-4222269 Primary Activity: Healthcare Legal Domicile: IllinoisUCM Global LLC, 5841 S. Maryland Ave., Chicago, IL 60637EIN: 32-0579811 Primary Activity: International Medical ConsultingLegal Domicile: IllinoisAlso note:The University of Chicago Medical Center is a less than 50% member in a joint venture with UCMC/SCH Oncology JV LLC, a tax exempt entity, 1850 Silver Cross Blvd, New Lenox, IL 60451, EIN: 32-2436795And The University of Chicago Medicine Care Network, LLC, a disregarded entity of the University of Chicago Medical Center, is the sole member of the following related entities:UCM Care Network Medical Group Inc. 5841 S. Maryland Ave., Chicago, IL 60637EIN: 47-4221241 Primary Activity: Healthcare Legal Domicile: IllinoisUniversity of Chicago Medicine Care Network Affiliated Physicians LLC, 5841 S. Maryland, Chicago, IL 60637, EIN: 47-4233918 Primary Activity: Healthcare Legal Domicile: IllinoisThe following entity is a disregarded entity of UChicago Research International, a related entity:UChicago Research Bangladesh LLC, 5801 S. Ellis Avenue, Chicago, IL 60637Primary Activity: Support Research Legal Domicile: IllinoisExplanationTxt