Lake Forest Day Foundation in Lake Forest, Illinois (IL)

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Lake Forest Day Foundation
Employer Identification Number (EIN)261218533
Name of OrganizationLake Forest Day Foundation
In Care of NameWillard Bunn III
Address9 Market Square, Lake Forest, IL 60045
SubsectionCharitable Organization
Ruling Date01/2008
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2010
Assets$1,000,000 to $4,999,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$1,064,538
Amount of Income$79,344
Form 990 Revenue Amount$16,191
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Fund Raising and/or Fund Distribution


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Amount of income in 2010: $79,344 (it was $34,252 in 2014)
Lake Forest Day Foundation: 

 $79,344
Other organizations performing similar types of work: 

 $60,000

Assets in 2010: $1,064,538 (it was $1,064,538 in 2014)
This organization: 

 $1,064,538
Other organizations performing similar types of work: 

 $38,951

Expenses in 2014: $6,724
Lake Forest Day Foundation: 

 $6,724
Other organizations performing similar types of work: 

 $33,868

Income to expenses ratio in 2014: 11.8
This organization: 

 11.8
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2014: 7.3%
This organization: 

 7.3%
Other organizations performing similar types of work: 

 37.8%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Expenses for 2014

Analysis of Revenue and Expenses (for 2014)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$34,252$31,752$0
Contributions, gifts, grants, etc., received$2,500
Interest on savings and temporary cash investments$0
Dividends and interest from securities$16,977
Gross rents$0
Gross sales price for all assets$59,710
Gross profit from sales of goods$0
Other income$157
Other$14,618
Total expenses and disbursements$6,724$3,098$0$3,626
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$3,428
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$4,224$3,098$1,126
Contributions, gifts, grants paid$2,500
Excess of revenue over expenses and disbursements$27,528
Net investment income$28,654
Adjusted net income$0
Balance Sheets
201220132014
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$1,029,569$1,041,874$1,064,538$1,089,841
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$491,987
Other assets$0
Total liabilities$0$0$1
Mortgages and other notes payable$0
Other liabilities$0
Total liabilities and net assets/fund balances$1,064,538
Capital Gains and Losses for Tax on Investment Income
201220132014
Capital gain net income$14,618
Net capital loss$0
Excise Tax Based on Investment Income
201220132014
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$573
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$573
Overpayment$0
Amount to be credited to next year's estimated tax$0
Statements Regarding Activities
201220132014
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Has the foundation engaged in any activities that have not previously been reported to the IRS?No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?No
Has the foundation filed a tax return on Form 990-T for this year?NoNoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?No
Did any persons become substantial contributors during the tax year?No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041No
Statements Regarding Activities for Which Form 4720 May Be Required
201220132014
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
Minimum Investment Return
201220132014
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$1,089,841
Net value of noncharitable-use assets$1,073,493
Minimum investment return$53,675
Distributable Amount
201220132014
Distributable amount$53,102
Undistributed Income
201220132014
Distributable amount for this year$53,102
Undistributed income for this year. This amount must be distributed in the next year$49,476
Private Operating Foundations (for 2011 - 2014)
2014201320122011Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2014)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2014)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$0$16,977
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Our Lady Of The Rosary Council 8214, 8214 Our Lady Of The Rosary Council114 Lincoln Ave, Round Lake, IL 60073-3509IL2014-08$30,006
2Lake City Partnership Council133b E Main St, Lake City, SC 29560-2626SC2011-09$13,089,389
3Jumers Community Assistance Fund Inc777 Jumer Drive, Rock Island, IL 61201IL2014-11$125,150
4Lake Forest Day Foundation9 Market Square, Lake Forest, IL 60045IL2008-01$79,344
5Progressive Business Group NfpPO BOX 9256, Peoria, IL 61612-9256IL2006-05$70,310
6Lisa W And James J Zenni Jr Foundation, Zenni Lisa W & James Ttees150 N Field Dr Ste 300, Lake Forest, IL 60045-2587IL2009-01$70,000
7Christs Freedom For HaitiPO BOX 325, Carthage, IL 62321-0325IL2007-05$57,565
8About Face International Inc922 W Roscoe St Apt 3, Chicago, IL 60657-2356IL2008-11$0
9Alpha Omega Productions430 Wimmer Pl, East St Louis, IL 62205-1819IL2000-03$0
10Amer Institute Of Parliamentarians Educational Foundation5634 S Harper Ave, Chicago, IL 60637IL2003-04$0
11Car-X Crazy K Nfp2216 S Neil St, Champaign, IL 61820IL2014-09$0
12Foundation For Bolingbrook Parks201 Recreation Dr, Bolingbrook, IL 60440-3073IL2014-08$0
13Kiwanis Club Of Mount Prospect FoundationPo Box 582, Mount Prospect, IL 60056IL2011-08$0
14Myers Family Private Foundation Inc416 Main St Commerce Bank Bldg, Peoria, IL 61602IL2008-05$0
15Project Ava7364 Kindlewood Dr, Edwardsville, IL 62025-7259IL2015-02$0
16Rotary District 6510 Charities852 Cambridge Blvd Room/Suite 100, Ofallon, IL 62269IL2011-06$0
17Second Chance Enterprises Inc626 Webster Ave, Wheaton, IL 60187-4332IL2003-01$0
18Silent-AngelsPO BOX 681, Forest Park, IL 60130-0681IL2013-10$0
19Villa Paark Community Foundation445 S Monterey, Villa Park, IL 60181IL2011-01$0
20Warsaw Community Coalition Nfp705 Lafayette St, Warsaw, IL 62379IL2012-04$0
Number of organizations performing similar types of work
Alaska1
Alabama6
Arkansas3
Arizona8
California46
Colorado14
Connecticut3
District of Columbia2
Delaware2
Florida18
Georgia18
Hawaii2
Iowa9
Illinois19
Indiana8
Kansas6
Kentucky7
Louisiana8
Massachusetts8
Maryland5
Maine9
Michigan23
Minnesota7
Missouri9
Mississippi1
Montana2
North Carolina9
North Dakota5
Nebraska2
New Hampshire2
New Jersey12
New Mexico1
Nevada5
New York33
Ohio25
Oklahoma5
Oregon9
Pennsylvania18
Rhode Island3
South Carolina5
South Dakota3
Tennessee5
Texas33
Utah4
Virginia18
Washington14
Wisconsin12
West Virginia3
Wyoming1
Total471

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