THE LAKE FOREST LIBRARY FOUNDATION Charity Report

Public IRS 990 nonprofit record

THE LAKE FOREST LIBRARY FOUNDATION

EIN 84-4151206 · Fund Raising & Fund Distribution - Education (B12)

What they do

THE ORGANIZATIONS PURPOSE is to PROVIDE SUPPORT to THE LAKE FOREST LIBRARY IN ITS MISSION to INSPIRE LIFE-LONG LEARNING, PROMOTE THE FREE and RESPECTFUL EXCHANGE of IDEAS and to BUILD COMMUNITY.

Before you give

Are they doing good?

Easy charity check

Good signs so far

The public paperwork has several good signs. Now check whether the charity can show who it helped.

Here is the honest answer: A tax form shows money and paperwork. It cannot prove that people, animals, or the community were truly helped.

Good signs we looked for

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders4 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$6.96spent for every $100 of revenueRevenue covered expenses this year.

$96.30of every $100 spent went to management and office costsThis number alone does not tell us how much good they did.

$127.72in assets for every $1 spent this yearSome assets cannot be spent right away.

46.3%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Good paperwork is a good sign—not proof. The best answer comes when the charity can show what it changed, who it helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$62,668

Expenses$4,363

Annual surplus $58,305 Revenue was higher than expenses for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Management and general$4,202 · 96.3% of expenses

Grants paid$10,000 · 229.2% of expenses

This source amount exceeds total expenses; compare the filing details carefully.

See all reported dollar amounts

Revenue$62,668

Expenses$4,363

Assets$557,237

Income$156,890

Contributions$29,030

Grants given$10,000

Average grant$10,000

Management and general$4,202

Stocks and bonds$533,273

Accounting fees$1,836

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

See everyone listed on the board or leadership roster (4)

L ROBERT PASQUESITREASURER

MARK SARANPRESIDENT

MICHAEL HOEFTSECRETARY

STEVE SINCLAIRVICE PRESIDENT

About this charity

Recognized since: January 2020
Location: 360 E DEERPATH ROAD, LAKE FOREST, IL 60045
County: Lake
In care of: MARK SARAN
Primary officer: MARK SARAN, PRESIDENT

How to reach them

Phone(847) 810-4602 Officer phone(847) 234-5000

Filing and classification

Latest tax year: 2024
Tax period began: May 1, 2024
Return type: 990
NTEE classification: Fund Raising & Fund Distribution - Education (B12)
IRS tax category: Fund Raising & Fund Distribution
Grant-giving organization: Yes

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