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LAKE PARK ASSOCIATES INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LAKE PARK ASSOCIATES INC (EIN 36-6111317)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-15
IRS object ID
202541359349315864
Schema version
2023v6.0
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)
Return2025-05-15T15:25:26-07:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

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 Pl Ste 204AddressLine1Txt
CityLansingCityNm
State AbbreviationILStateAbbreviationCd
ZIP60438ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

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)
PersonJennie BennettPersonNm
Person TitleVice PresidentPersonTitleTxt
Signature2025-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPaul SmitPreparerPersonNm
PTINP00669815PTIN
Phone7088891099PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerChristian MitchellPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15235 S Harper Court Suite 900AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60615ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$7,890,001GrossReceiptsAmt
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$1,665,187PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$7,517,770PYProgramServiceRevenueAmt
CY Program Service Revenue$7,112,508CYProgramServiceRevenueAmt
PY Investment Income$5,656PYInvestmentIncomeAmt
CY Investment Income$158,148CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$9,188,613PYTotalRevenueAmt
CY Total Revenue$7,270,656CYTotalRevenueAmt
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$8,698,553PYOtherExpensesAmt
CY Other Expenses$10,129,299CYOtherExpensesAmt
PY Total Expenses$8,698,553PYTotalExpensesAmt
CY Total Expenses$10,129,299CYTotalExpensesAmt
PY Revenues Less Expenses$490,060PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$2,858,643CYRevenuesLessExpensesAmt
Total Assets BOY$82,734,529TotalAssetsBOYAmt
Total Assets EOY$81,543,784TotalAssetsEOYAmt
Total Liabilities BOY$2,405,283TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,886,337TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$80,329,246NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$78,657,447NetAssetsOrFundBalancesEOYAmt
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 Document27IRPDocumentCnt
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)
PersonMid-America Asset Management IncPersonNm
Phone7739550200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15235 S Harper CourtAddressLine1Txt
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
Mary Frances McCourt
President1.0040.00Yes (X)Yes (X)$0$1,576,346$63,249
Kimberly Taylor
VP & Secretary1.0040.00Yes (X)Yes (X)$0$905,630$207,793
Michele Rasmussen
Director1.0040.00Yes (X)$0$733,721$39,169
Lori Berko
Director1.0040.00Yes (X)$0$524,718$41,989
Katie Callow-Wright
Vice President1.0040.00Yes (X)Yes (X)$0$490,707$66,955
Christian Mitchell
President1.0040.00Yes (X)Yes (X)$0$453,317$37,932
Angelica Marks
VP & Treasurer1.0040.00Yes (X)Yes (X)$0$349,516$59,210
Robert Rush
Asst Secretary1.0040.00Yes (X)$0$276,208$23,733
FieldValueIRS element (for citing)
Tot Reportable Comp Rltd Org$5,310,163TotReportableCompRltdOrgAmt
Total Other Compensation$540,030TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Total Contributions$0TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescRENTAL INCOMEDesc
Total Revenue Column$7,112,508TotalRevenueColumnAmt
Related Or Exempt Func Income$7,112,508RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$7,112,508TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,493TotalRevenueColumnAmt
Exclusion$3,493ExclusionAmt

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

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$774,000OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$619,345OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$154,655OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$154,655TotalRevenueColumnAmt
Exclusion$154,655ExclusionAmt

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$7,270,656TotalRevenueColumnAmt
Related Or Exempt Func Income$7,112,508RelatedOrExemptFuncIncomeAmt
Exclusion$158,148ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

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$157,589TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

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$1,076,051TotalAmt

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$405,806TotalAmt

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$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$3,319,118TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$194,841TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
Affiliate expenses$1,636,100
Repair and maintenance$1,563,969
REAL ESTATE TAX$1,435,982
Recovery expense-Kimbark$105,008

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$234,835TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$10,129,299TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$8,731,475BOYAmt
EOY$9,490,161EOYAmt

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$1,284,517BOYAmt
EOY$1,404,675EOYAmt

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$115,571BOYAmt
EOY$80,526EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$117,110,782LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$47,561,236LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$71,500,010BOYAmt
EOY$69,549,546EOYAmt

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$1,102,956BOYAmt
EOY$1,018,876EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$82,734,529BOYAmt
EOY$81,543,784EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,926,435BOYAmt
EOY$2,451,400EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$325,456BOYAmt
EOY$287,900EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$153,392BOYAmt
EOY$147,037EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,405,283BOYAmt
EOY$2,886,337EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$80,329,246BOYAmt
EOY$78,657,447EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$80,329,246BOYAmt
EOY$78,657,447EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$82,734,529BOYAmt
EOY$81,543,784EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$2,858,643ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$1,186,844OtherChangesInNetAssetsAmt
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$36,507,423OtherCostOrOtherBasisAmt
Book Value$36,507,423BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$76,760,144OtherCostOrOtherBasisAmt
Depreciation$44,688,470DepreciationAmt
Book Value$32,071,674BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,975,654OtherCostOrOtherBasisAmt
Depreciation$2,872,766DepreciationAmt
Book Value$102,888BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$867,561OtherCostOrOtherBasisAmt
Book Value$867,561BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$69,549,546TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescTenant security depositsDesc
Amt$147,037Amt
FieldValueIRS element (for citing)
Total Liability$147,037TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X : FIN48 FootnoteFormAndLineReferenceDesc
ExplanationLake 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.ExplanationTxt

Schedule J IRS990ScheduleJ

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

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Related OrganizationsBonusRelatedOrganizationsAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmt
Angelica Marks
VP & Treasurer$303,562$45,954$26,400$32,810$408,726
Christian Mitchell
President$444,317$9,000$26,400$11,532$491,249
Katie Callow-Wright
Vice President$419,851$67,068$26,400$40,555$557,662$3,788
Kimberly Taylor
VP & Secretary$832,750$62,573$26,400$181,393$1,113,423$10,307
Lori Berko
Director$475,526$47,500$26,400$15,589$566,707$1,692
Mary Frances McCourt
President$932,619$113,906$26,400$36,849$1,639,595$529,821
Michele Rasmussen
Director$597,576$132,597$26,400$12,769$772,890$3,548
Robert Rush
Asst Secretary$276,208$22,217$1,516$299,941

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (12 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, Line 3Lake 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, Section A, Line 6The 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, Section A, Line 7aThe 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, Section A, Line 7bThe 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, Section B, Line 11bA 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, Section B, Line 12cThe 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, Section B, Line 15aLake 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, Section B, Line 15bLake 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, Section C, Line 19Lake 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.
Form 990, Part XI, Line 9Contribution from stockholder = $1186844
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 (38 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 CancerResearch Fndtn
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 AveChicagoIL60637364225812Education501(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 researchIL501(c)(3)Line 12A IfalseUniversity 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
UCM Care Network Medical Group Inc
5841 S Maryland AveChicagoIL60637474221241HealthcareIL501(c)(3)Line 10falseUniv Chicago Medicine Care Network LLC
South East Chicago Commission
1511 East 53rd StreetChicagoIL60615362226282Economic DevelopmentIL501(c)(3)Line 7falseUniversity of Chicago
UCHICAGO MEDICINE NORTHWEST INDIANA INC
5841 S MARYLAND AVEChicagoIL60637922355855HealthcareIN501(c)(3)Line 3falseUC Medical Center
FERMI FORWARD DISCOVERY GROUP LLC
5801 S ELLIS AVENUECHICAGOIL60637933319101ManagementIL501(c)(3)Line 7falseUniversity of Chicago
INGALLS DEVELOPMENT FOUNDATION
ONE INGALLS DRHarveyIL60426363189150SupportIL501(c)(3)Line 7falseUniversity of Chicago
INGALLS HEALTH VENTURES
ONE INGALLS DRHarveyIL60426363239703Ambulatory501(c)(3)Line 12, IfalseUniversity of Chicago
INGALLS HOME CARE
ONE INGALLS DRHarveyIL60426363367939HealthcareIL501(c)(3)Line 10falseUniversity of Chicago
INGALLS MEMORIAL HOSPITAL
ONE INGALLS DRHarveyIN60426362170866HospitalIL501(c)(3)Line 3falseUniversity of Chicago
PRIMARY HEALTHCARE ASSOCIATES SC
71 W 156TH STREETHarveyIL60426364132865HealthcareIL501(c)(3)Line 10falseUniversity of Chicago
UCMC TITLE HOLDING CORPORATION
5841 S MARYLAND AVE MC 1086ChicagoIL60637812126789TITLE HOLDINGIL501(c)(3)Line 12, IfalseUniversity of Chicago
UCMC TITLE HOLDING CORPORATION II NFP
5841 S MARYLAND AVE MC 1086ChicagoIL60637821736040TITLE HOLDINGIL501(c)(3)Line 12, IfalseUniversity of Chicago
University of Chicago Center in Paris
EducationfalseUniversity of Chicago6 Rue Thomas Mann 75013ParisFRFR
UniversityofChicago Booth Schl of Busine
falseUniversity of Chicago1 BARTHOLOMEW CLOSE BARTS SQLondonUKUKEC1AtBL
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
falseUniversity of ChicagoRM100 FAR EAST CTR C/O WM FAN COHong KongHKHK

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndEINEINAddress Line1ForeignAddress/AddressLine1TxtCountryForeignAddress/CountryCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCd
INGALLS SAME DAY SURGERY LTD
6701 W 159TH STTINLEY ParKIL60477Surgery CenterILUniv of Chicagofalsefalse
IRON POINT REAL ESTATE PTNRS - TE C LP
201 MAIN STREET SUITE 2300FORT WORTHTX76102InvestmentTXUniv of Chicagofalsefalse260526955
JAPAN ABSOLUTE VALUE FUND LP
201 WASHINGTON ST STE 2600BOSTONMA02108InvestmentMAUniv of Chicagofalsefalse854345851
NEEDLE 2023-1 LLC
548 MARKET ST PMB 75231SAN FRANCISCOCA641045401InvestmentCAUniv of Chicagofalsefalse931514126
NYDIG DIGITAL ASSETS FUND V LP
ONE VANDERBILT AVENUE 65TH FLOORNEW YORKNY10017InvestmentNYUniv of Chicagofalsefalse362177139
SILKROAD ASIA VALUE PARTNERS II LP
InvestmentUniv of ChicagofalsefalseC/O VISTRA CAYMAN LIMITEDCJCJ

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (15 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationIndEINEINAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCdForeign PostalForeignAddress/ForeignPostalCd
SC Curriculum Inc
70 West Madison StChicagoIL60602Science curriculumILUniv of ChicagoC Corpfalse
Phoenix Overlay Fund LTD
401 N Michigan AvenueChicagoIL60611InvestingUniv of ChicagoC Corpfalse
CHARITABLE REMAINDER TRUSTS 68
5801 S ELLIS AVENUECHICAGOIL60637CHAR RMDR TRUSTILUniv of ChicagoTrustfalse
POOLED INCOME FUND 1
5801 S ELLIS AVENUECHICAGOIL60637POOLED INCOME FUNDILUniv of ChicagoC Corpfalse
INGALLS PROVIDER GROUP
ONE INGALLS DRHARVEYIL60426Self InsuranceILUniv of ChicagoC Corpfalse363485578
MEDCENTRIX INC
ONE INGALLS DRHARVEYIL60426BILLING & MGMTILUniv of ChicagoC Corpfalse363374228
STANDARD GENERAL OFFSHORE FUND LTD
767 5TH AVE 12th FloorNew YorkNY10153InvestmentUniv of ChicagoC Corpfalse
UChicago Beijing Consulting Co LTD
ConsultingUniv of ChicagoC CorpfalseUNIT 1-10 CULTURE PL OF REMMIN UNIBeijingCHCH
UChicago Center in India Pvt Ltd
ConsultingUniv of ChicagoC CorpfalseUnit 5-10 Grd Fl DLF Capital PointNew DelhiININ
TRULEN INSURANCE SPC LIMITED
LIAB INSURANCEUniv of ChicagoC Corpfalse981571288171 ELGIN AVE PO BOX 10233GRAND CAYMANCJCJKY1- 1002
CAPSTONE CPP 2012 1 FUND
InvestmentUniv of ChicagoC Corpfalse190 ELGIN AVENUEGEORGE TOWNCJCJKY1-9008
KOHINOOR CORE CAYMAN FUND
INVESTMENTUniv of ChicagoC CorpfalsePO BOX 309UGLAND HOUSECJCJKY1- 1104
PENSO FUND PLATFORM SPC - SEG PORTFOLIO
INVESTMENTUniv of ChicagoC Corpfalse981360251PO BOX 309UGLAND HOUSECJCJKY1- 1104
TARPON ALL EQUITIES FUND LP
InvestmentUniv of ChicagoC CorpfalsePO BOX 309UGLAND HOUSECJCJ
VIEWFORTH EUROPEAN EQUITY FUND LIMITED
InvestmentUniv of ChicagoC Corpfalse190 ELGIN AVENUEGEORGE TOWNCJCJKY1-9001
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (true)GiftGrntCapContriFromOthOrgInd
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 OrgYes (true)RentalOfFacilitiesToOthOrgInd
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 OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE R, PART I Supplemental InformationFormAndLineReferenceDesc
ExplanationTHE UNIVERSITY OF CHICAGO IS THE DIRECT CONTROLLING ORGANIZATION OF LAKE PARK ASSOCIATES, INC. FOR PURPOSES OF COMPLETENESS, THE RELATED ORGANIZATIONS LISTED BELOW ARE DISREGARDED ENTITIES OF THE UNIVERSITY OF CHICAGO, A 501(C)(3) ORGANIZATION. THE UNIVERSITY OF CHICAGO IS THE DIRECT CONTROLLING ENTITY OF THE FOLLOWING DISREGARDED ENTITIES: UCHICAGO ARGONNE LLC -68-0628477; 5801 S. ELLIS AVENUE, CHICAGO, IL 60637 PRIMARY ACTIVITY: MANAGE LAB; LEGAL DOMICILE: ILLINOIS UNIVERSITY OF CHICAGO FOUNDATION LTD - 98-0525557; 5TH FL ALDER CASTLE, 10 NOBLE, LONDON, UNITED KINGDOM PRIMARY ACTIVITY: FUNDRAISING; LEGAL DOMICILE: UNITED KINGDOM THEORY AND COMPUTING SCIENCES BUILDING TRUST - 51-6596577; 5801 S. ELLIS AVENUE, CHICAGO, IL 60637 PRIMARY ACTIVITY: RESEARCH BUILDING; LEGAL DOMICILE: ILLINOIS UCHICAGO TRADING - 30-0517735, 5801 S. ELLIS AVENUE, CHICAGO, IL 60637 PRIMARY ACTIVITY: INVESTING; LEGAL DOMICILE: ILLINOIS UCHICAGO IMPACT LLC - 61-1682394; 1307 E. 60TH STREET, CHICAGO, IL 60637 PRIMARY ACTIVITY: EDUCATION; LEGAL DOMICILE: ILLINOIS HARPER COURT HOLDINGS, LLC - 5801 S. ELLIS AVENUE, CHICAGO, IL 60637 PRIMARY ACTIVITY: HOLDING COMPANY: LEGAL DOMICILE: ILLINOIS LPA MANAGEMENT LLC - 5801 S. ELLIS AVENUE, CHICAGO, IL 60637 PRIMARY ACTIVITY: PROPERTY MANAGEMENT: LEGAL DOMICILE: ILLINOIS 6014 COTTAGE GROVE LPA HOLDINGS LLC - 5801 S. ELLIS AVENUE, CHICAGO, IL 60637 PRIMARY ACTIVITY: PROPERTY HOLDING COMPANY LEGAL DOMICILE: ILLINOIS CENTER FOR RESEARCH IN SECURITY PRICES LLC - 105 WEST ADAMS STREET, SUITE 1700, CHICAGO, ILLINOIS 60603 PRIMARY ACTIVITY: SECURITIES RESEARCH AND DATA LEGAL DOMICILE: ILLINOIS HARPER COURT HOLDINGS 2, LLC- 5801 S. ELLIS AVENUE, CHICAGO, IL 60637 PRIMARY ACTIVITY: HOLDING COMPANY LEGAL DOMICILE: ILLINOIS 53RD STREET LABS, LLC - 5801 S. ELLIS AVENUE, CHICAGO IL 60634 PRIMARY ACTIVITY: RE HOLIDNG LEGAL DOMICILE: ILLINOISExplanationTxt