2019-11-30T10:47:03-06:00 2019-03-31 364049282 PASQUESI SHEPPARD LLC 585 BANK LANE LAKE FOREST IL 60045 990 2018-04-01 366162709 LAKE FOREST OPEN LANDS ASSOCIATION LAKE 8472343880 350 NORTH WAUKEGAN ROAD LAKE FOREST IL 60045 JOHN SENTELL PRESIDENT 8472343880 2019-11-30 1 DENNIS P O'BRIEN P00008832 8472345000 2019-11-05 50.224.107.130 2019-11-30 10:47:00 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A88662429D55215A271BA12D70F95CFBB6824179 2018 2020-04-17 16:48:07Z JOHN SENTELL 350 NORTH WAUKEGAN ROAD LAKE FOREST IL 60045 10608502 0 X LFOLA.ORG X 1967 IL THE PRESERVATION AND MAINTENANCE OF OPEN LANDS, TO PROMOTE A CONNECTION BETWEEN THE COMMUNITY AND THE LAND WITHIN AND TO PROVIDE NATURALIST-LED ENVIRONMENTAL EDUCATION TO SCHOOL CHILDREN AND SPECIAL WORKSHOPS TO CHILDREN, ADULTS AND FAMILIES. 16 15 35 424 0 0 2548357 5092884 152285 177329 687441 1451190 -278999 -131711 3109084 6589692 0 0 0 0 1047401 935736 0 330000 682968 1009233 1119018 2056634 2384754 1052450 4204938 48985705 51950970 10030378 10067187 38955327 41883783 X SINCE ITS ESTABLISHMENT IN 1967, THE ASSOCIATION HAS ACQUIRED, PRESERVED AND MAINTAINED OVER 800 ACRES OF LOCAL NATIVE LANDSCAPES INCLUDING PRAIRIES, SAVANNAS, RAVINES, WOODLANDS AND WETLANDS FOR THE BENEFIT AND ENJOYMENT OF THE ENTIRE COMMUNITY. WE CONTINUE OUR EFFORTS TO RESTORE THE LAND TO ITS HISTORICAL LANDSCAPE AND MAINTAIN THESE CRITICAL HABITATS. IN ADDITION, TO PROMOTE A CONNECTION BETWEEN THE COMMUNITY AND THE LAND WITHIN IT, OUR PRESERVES ARE HOME TO OVER 12 MILES OF WALKING TRAILS WHICH ARE OPEN TO THE PUBLIC YEAR ROUND.THE ASSOCIATION ALSO PROVIDES NATURALIST-LED ENVIRONMENTAL EDUCATION TO SCHOOL CHILDREN AND SPECIAL WORKSHOPS OFFERED TO CHILDREN, ADULTS AND FAMILIES. OUR ENVIRONMENTAL EDUCATION PROGRAMS ARE DESIGNED TO DEVELOP AN UNDERSTANDING OF AND A LOVE AND RESPECT FOR THE NATURAL WORLD AROUND US BY INCLUDING HANDS-ON, PARTICIPATORY ACTIVITIES IN A NATURAL SETTING. THE ASSOCIATION ALSO COOPERATES WITH SEVERAL INSTITUT PROMOTE THE SCIENTIFIC STUDY OF OUR PRESERVES. 0 0 1080918 PRESERVATION AND MAINTENANCE OF OPEN LANDS FOR SCIENTIFIC AND EDUCATIONAL PURPOSES - PUBLIC HAS ACCESS TO THE LAND 518096 73317 PROVIDE NATURALIST - LED ENVIRONMENTAL EDUCATION TO SCHOOL CHILDREN AND SPECIAL WORKSHOPS FOR CHILDREN, ADULTS AND FAMILIES. 1599014 1 1 0 1 0 0 1 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 0 0 0 1 31 0 1 35 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X JOHN HEMENWAY 8472343880 350 NORTH WAUKEGAN ROAD LAKE FOREST IL 60045 MARK T AHERN DIRECTOR 1.00 X 0 0 0 TIMM R REYNOLDS DIRECTOR 1.00 X 0 0 0 JOHN W SENTELL PRESIDENT 40.00 X X 96354 0 12810 GEORGE M COVINGTON SECRETARY 1.00 X X 0 0 0 GAIL T HODGES DIRECTOR 1.00 X 0 0 0 MARION CARTWRIGHT DIRECTOR 1.00 X 0 0 0 WILLARD M HUNTER VICE PRESIDENT 1.00 X X 0 0 0 BRUCE A REID VICE PRESIDENT 1.00 X X 0 0 0 FREDERICK G WACKER III CHAIRMAN 1.00 X X 0 0 0 KATHERINE BELCHER DIRECTOR 1.00 X 0 0 0 STEVEN H BAER VICE PRESIDENT & TREASURER 1.00 X X 0 0 0 SUSAN FRANZETTI VICE PRESIDENT 1.00 X X 0 0 0 DAVE GASPAR DIRECTOR 1.00 X 0 0 0 MELISSA GOLTRA DIRECTOR 1.00 X 0 0 0 WILLIAM SMITH DIRECTOR 1.00 X 0 0 0 SUSAN WRIGHT DIRECTOR 1.00 X 0 0 0 96354 0 12810 2 0 0 0 COMMUNITY COUNSELING SERVICE CO LLC PO BOX 824885 PHILADELPHIA PA 19182 CAPITAL CAMPAIGN CONSULTING 330000 1 227199 407295 4458390 1602050 5092884 ASSESSMENT REVENUE 900099 104012 104012 EDUCATIONAL PROGRAM FEE 900099 73317 73317 177329 225909 225909 910 0 910 910 910 4979387 3754106 1225281 1225281 1225281 132083 407295 264704 -132621 -132621 6589692 73317 0 1423491 62630 33724 28906 750846 545964 64829 140053 61917 44123 4934 12860 60343 43001 4809 12533 5813 3763 2050 23000 23000 330000 330000 29675 29675 6300 6300 284589 284589 122197 116087 3055 3055 36905 28294 6151 2460 LAND MAINTENANCE 284994 284994 EDUCATION PROGRAMS 108694 108694 NEWSLETTER & ANNUAL REP 58677 2948 55729 MISCELLANEOUS 45461 22855 7535 15071 112713 50678 11459 50576 2384754 1599014 102772 682968 32145 39819 566522 1274067 441387 1278089 13439 99604 3753220 651715 31446 19611 39034699 2450656 32234020 36584043 11556026 11556522 357500 447500 48985705 51950970 82527 125642 36315 24240 9911536 9917305 10030378 10067187 X 27744893 29014047 10806155 12465457 404279 404279 38955327 41883783 48985705 51950970 4204938 -1276482 0 X X 0 1 X 1 0 X 1777099 2491500 1542344 2548357 5092884 13452184 1777099 2491500 1542344 2548357 5092884 13452184 2864249 10587935 195814 186263 169471 207784 226819 986151 1058 1491 2549 14440884 1354332 0.73320 0.74840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3400 3400 2381354 2384754 269238 67310 0 0 257896 255079 252832 269238 1035045 1552568 2225 2600 2600 3400 10825 64474 63770 63208 67310 258762 388143 X X X X 29 273.67 0 1 1 449.00 27590 90000 447500 X X 0 0 11455196 1989874 279353 13165717 10586335 1162870 294009 11455196 10742355 355684 511704 10586335 10889885 417715 565245 10742355 10733190 546267 389572 10889885 0.02250 0.03070 0.94680 0 0 324093 34026247 34350340 670997 626699 44298 4013362 1823957 2189405 36584043 EXCHANGE TRADED FUNDS 2429054 F EQUITIES 9127468 F 11556522 X 5582914 -1276482 269704 -1006778 6589692 0 6589692 2654458 269704 269704 2384754 0 2384754 PART II, LINE 9: THE ASSOCIATION RECOGNIZES REVENUE AND RECORDS AN ASSET BASED ON THE APPROXIMATE MARKET VALUE OF THE EASEMENT AT THE TIME OF CONTRIBUTION. AS OF MARCH 31, 2019, THE ASSOCIATION HAD TITLE OR CONSERVATION EASEMENTS TO LAND IN LAKE FOREST, ILLINOIS AMOUNTING TO $34,026,247 OF WHICH $20,267,841 WAS ACQUIRED THROUGH PURCHASE, $8,159,091 WAS RECEIVED BY CONTRIBUTIONS AND $5,599,315 WAS TRANSFERRED FROM A RELATED PARTY. THE $8,159,091 OF DONATED PROPERTY NOTED ABOVE HAS BEEN STATED AT AMOUNTS WHICH APPROXIMATE THE MARKET VALUE OF SUCH PROPERTY AT THE DATES THE INDIVIDUAL PARCELS WERE CONTRIBUTED TO THE ASSOCIATION. 1) THE ASSOCIATION HELD TWENTY NINE EASEMENTS CONSISTING OF APPROXIMATELY 274 ACRES AT THE END OF THE YEAR. THIS WAS AN INCREASE FROM LAST YEAR OF 25 EASEMENTS OF APPROXIMATELY 261 ACRES. THE ASSOCIATION DID NOT RECEIVE ANY NEW EASEMENTS DURING THE YEAR. HOWEVER, THE ASSOCIATION CHANGED HOW IT CLASSIFIED SOME OF ITS EASEMENTS, AS SOME USED TO BE LUMPED TOGETHER. THE ASSOCIATION ALSO HAS BETTER TECHNOLOGY FOR CALCULATING ACREAGE, WHICH EXPLAINS THE INCREASE IN TOTAL ACREAGE FROM THE PRIOR YEAR. ALL EASEMENTS ARE LOCATED IN THE STATE OF ILLINOIS AND PRIMARILY IN THE CITY OF LAKE FOREST. 2) NO EASEMENTS WERE SOLD, TRANSFERRED, RELEASED OR TERMINATED DURING THE YEAR COVERED BY THIS FORM 990 SCHEDULE D. 3)A. THE ASSOCIATION DOES NOT HOLD ANY EASEMENTS THAT ENCUMBER A GOLF COURSE OR PORTIONS OF A GOLF COURSE. B. THE ASSOCIATION DOES NOT HOLD ANY EASEMENTS THAT ARE WITHIN OR ADJACENT TO RESIDENTIAL DEVELOPMENTS AND HOUSING SUBDIVISIONS, INCLUDING EASEMENTS RELATED TO THE DEVELOPMENT OF PROPERTY. C. THE ASSOCIATION DOES NOT HOLD ANY EASEMENTS THAT WERE ACQUIRED IN A TRANSACTION DESCRIBED UNDER PURCHASE OF REAL PROPERTY FROM CHARITABLE ORGANIZATIONS IN NOTICE 2004-41. 4) THE ASSOCIATION MONITORED ALL THE ACREAGE OF ITS EASEMENTS DURING THE YEAR COVERED BY THIS FORM 990 SCHEDULE D THROUGH PHYSICAL INSPECTION AND OTHER MEANS. 5) THE TOTAL STAFF HOURS INCURRED FOR MONITORING AND ENFORCING NEW OR EXISTING EASEMENTS DURING THE YEAR COVERED BY THIS FORM 990 SCHEDULE D WERE 449 HOURS. THE LIST OF EXPENSES INCURRED ARE AS FOLLOWS: EASEMENT MONITORING $15,094 G&A COSTS $12,496 6) THE ASSOCIATION HAS ONE EASEMENT ON A LOG CABIN THAT WAS RECEIVED IN 1998. THEREFORE THE ASSOCIATION HAS NOT ACQUIRED AN EASEMENT ON BUILDINGS OR STRUCTURES AFTER AUGUST 17, 2006. PART III, LINE 4: THE ARTISTIC COLLECTIONS CONSIST OF PAINTINGS, A SCULPTURE AND A STONE RING. ALL ARTISTIC COLLECTIONS WERE DONATED. THE ARTIST COLLECTIONS ARE ON DISPLAY IN THE OFFICES AND ON THE GROUNDS TO PROVIDE INSPIRATION AND FURTHER OUR EXEMPT PURPOSE. PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO BE USED TO FURTHER THE MISSION OF THE ORGANIZATION. PART X, LINE 2: THE ASSOCIATION IS A NOT-FOR-PROFIT ENTITY AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME. IT IS ALSO EXEMPT FROM STATE INCOME TAXES FOR RELATED INCOME AND QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS IN REGARD TO ITS DONORS. THE ASSOCIATION WOULD BE SUBJECT TO BOTH FEDERAL AND STATE TAXES ON UNRELATED BUSINESS INCOME, THOUGH IT DID NOT HAVE ANY FOR THE YEARS ENDING MARCH 31, 2019 AND 2018. AS OF MARCH 31, 2019 AND 2018, THE ASSOCIATION DID NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT IT IS OBLIGATED TO DISCLOSE. ADDITIONALLY, THERE WERE NO RETURNS UNDER REVIEW OR OPEN TO REVIEW BY TAXING AUTHORITIES IN EXCESS OF STATUTORY PERIODS. THE ASSOCIATION FOLLOWS A CONSERVATIVE APPROACH OF RESEARCH AND OPEN DISCLOSURE IN REGARD TO ITS TAX-EXEMPT STATUS AND POSITIONS HELD. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS INCOME SHOWN GROSS ON AUDITED F/S, SHOWN NET ON FORM 990 264,704. DONATED SERVICES AND FACILITIES 5,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES SHOWN GROSS ON AUDITED F/S, NETTED ON FORM 990 264,704. DONATED SERVICES AND FACILITIES 5,000. X X X X X X X 1 COMMUNITY COUNSELING SERVICES CO LLC 155 N UPPER WACKER DRIVE 1790 CHICAGO IL 60606 CAPITAL CAMPAIGN CONSULTING 0 2183444 330000 1853444 2183444 330000 1853444 IL BAGPIPES AND BONFIRE 445338 313255 132083 38596 65683 18504 88449 CATTAILS & COCKTAILS 69493 69493 4164 6364 730 21268 5 24547 24547 20946 539378 407295 132083 42760 72047 19234 130663 264704 -132621 A NORTHERN TRUST 362723087 2017-01-26 10000000 REFUNDING AND REDEEMING ALL OF ITS SERIES 1999 BONDS 0 0 0 A 10000000 10000000 2016 1 0 1 1 A 0 1 0 0 0 0 0 0 0 A 0 GEORGE COVINGTON MEMBER OF THE BOARD OF DIRECTORS 7937 LEGAL SERVICES 0 X 2 90000 APPRAISAL X 352 THRIFT SHOP VALUE X 183536 FAIR MARKET VALUE X 1 1284991 X RENT 1 30000 FAIR MARKET VALUE X MISCELLANEOUS 19 13171 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS HAS DELEGATED THE RESPONSIBILITY OF THE REVIEW AND APPROVAL OF THE FORM 990 TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE DOES A COMPLETE REVIEW OF THE FORM 990 WITH THE CPA FIRM AND APPROVES THE FILING OF THE FORM 990. THE CHAIRMAN OF THE AUDIT COMMITTEE REPORTS THE COMMITTEES PROCEDURES AND APPROVAL PROCESS OF THE FORM 990 TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED ON AN ANNUAL BASIS TO SUBMIT A STATEMENT OF THEIR STATUS REGARDING THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OBTAINS COMPARATIVE COMPENSATION REPORTS FOR EXECUTIVE DIRECTORS FROM THE FOREFRONT ORGANIZATION. THIS INFORMATION ALONG WITH THE ANALYSIS OF THE EXECUTIVE DIRECTOR'S PERFORMANCE ARE THE BASIS FOR DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ASSOCIATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ASSOCIATION'S OFFICES FOR A NOMINAL FEE. FORM 990, PART XII, LINE 2C THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LAKE FOREST LAND FOUNDATION 350 NORTH WAUKEGAN ROAD LAKE FOREST IL 60045 363605404 PRESERVATION OF ENVIRONMENTALLY SENSITIVE LAND IL 501(C)3 EXEMPT N/A 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LAKE FOREST LAND FOUNDATION D 651715 FAIR MARKET VALUE LAKE FOREST LAND FOUNDATION C 1284991 FAIR MARKET VALUE