2024-12-12T10:32:02-05:00 2023-12-31 363608693 MCDONALD DOHERTY & COMPANY CPA'S 22285 N PEPPER RD STE 305 LAKE BARRINGTON IL 60010 990 2023-01-01 331006907 LAKESIDE LEGACY FOUNDATION LAKE 8154558000 401 COUNTRY CLUB RD CRYSTAL LAKE IL 600145605 MURRAY CRABTREE TREASURER 8154558000 2024-12-04 true TIMOTHY J MCDONALD CPA CFP P01266500 8478425200 2024-12-04 2023 2024-10-15 13:58:12Z X MURRAY CRABTREE 401 COUNTRY CLUB RD CRYSTAL LAKE IL 60014 1761112 false X WWW.LAKESIDELEGACY.ORG X 2002 IL THE FOUNDATION'S MISSION IS TO PRESERVE AND PROTECT THE DOLE MANSION AND LAKESIDE PROPERTY FOR COMMUNITY USE IN A NATURAL AND HISTORIC SETTING. 8 8 14 992 30433 283442 355640 342738 306771 4231 15502 400378 474323 1030789 1152236 0 0 440008 462139 0 20829 391601 669600 831609 1131739 199180 20497 3210251 3112502 730506 612260 2479745 2500242 THE FOUNDATION'S MISSION IS TO PRESERVE AND PROTECT THE DOLE MANSION AND LAKESIDE PROPERTY FOR COMMUNITY USE IN A NATURAL AND HISTORIC SETTING false false 615871 215895 THE ENTITY SEEKS TO PRESERVE AND PROTECT THE DOLE MANSION AND LAKESIDE ARTS PARK FOR THE COMMUNITY TO EXPERIENCE . LLF HAS ACHIEVED AND CONTINUED TO DO SO BY OFFERING ARTISTS STUDIOS AND EVENT RENTAL SPACE FOR THEM TO EDUCATE OR CREATE THEIR OWN INSPIRING WORKS. THE ENTITY HAD 48 STUDIOS OF WHICH 35 WERE OCCUPIED BY ARTISTS OF ALL GENRE(I.E PAINTERS, PHOTOGRAPHERS, MUSICIANS AND RECORDING ARTISTS). 133548 81536 FARMERS MARKET AT THE DOLE IS AN INDOOR AND OUTDOOR MARKET EXPERIENCE THAT BEGAN IN 2021. THE MARKET SUPPORTS THE PRESERVATION EFFORTS OF THE HISTORIC PROPERTY WHILE SUPPORTING LOCAL SMALL BUSINESSES, MUSICIANS AND OTHER ARTISTS. IT ALSO FEATURES CHILDREN'S ATTRACTIONS AND LIVE MUSIC. THE PROGRAM SERVES BETWEEN 1500-3000 GUESTS IN THE SUMMER OUTDOORS AND BETWEEN 500-750 PEOPLE INDOORS DURING NOVEMBER-APRIL. 45300 9340 THE ENTITY ALSO HAS OTHER PROGRAMS SUCH AS THE 1ST FRIDAY ART SHOWN WHERE LOCAL ARTISTS SHOWCASE THEIR WORK IN THE SAGE AND DOLE GALLERY. IT ALSO HAS THE LISTENING ROOM WHICH HOSTS PERFORMANCES OF MUSICAL ARTISTS ACROSS DIFFERENT GENRES. THE ENTITY REMODELED THE LOUS LOUNGE IN 2022 AND HAD IT OPEN TO PUBLIC EVENTS IN 2023. 794719 true true false false false false false true false false true false false false true true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 44 0 true 14 true true true false false false false false false false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true true false false IL X MURRAY CRABTREE 8154558000 401 COUNTRY CLUB RD CRYSTAL LAKE IL 60014 X MURRAY CRABTREE TREASURER 5.00 X X 0 0 0 BOB FLECK MEMBER 1.00 X 0 0 0 JEFF FOX MEMBER 1.00 X 0 0 0 JAY LECOQUE PRESIDENT 10.00 X X 0 0 0 MARTIN MOISTER VICE PRESIDE 5.00 X X 0 0 0 RONALD RUSSELL MEMBER 5.00 X 0 0 0 ROGER WHITMAN MEMBER 5.00 X 0 0 0 KATHLEEN WOOLEY SECRETARY 3.00 X X 0 0 0 false false false 355640 355640 EXEMPT PURPOSE RENT 900002 185462 185462 FARMER'S MARKET 445100 81536 81536 RENTAL 900002 30433 30433 LOU'S LOUNGE 711300 9340 9340 306771 15502 15502 808874 505726 303148 274325 103150 171175 171175 1152236 291840 30433 171175 421283 301780 101157 18346 40856 27737 10636 2483 77988 77988 5122 5122 41128 41128 15674 12850 2824 12377 12377 2831 2831 22109 21225 884 124938 119940 4998 34175 29391 4784 REPAIRS & MAINTENANCE 80848 77614 3234 SUPPLIES 65133 64802 331 UTILITIES 59501 59501 LOUS LOUNGE EXP DIRECT 45300 45300 82476 17080 65396 1131739 794719 316191 20829 97475 23881 663298 414313 2241 5949 19410 40635 8454 5034 4008990 1392300 2413373 2616690 6000 6000 3210251 3112502 120978 54289 588088 544077 21440 13894 730506 612260 X 2025837 2321846 453908 178396 2479745 2500242 3210251 3112502 X 20497 X false true X true false X 318121 737897 214850 283442 355640 1909950 318121 737897 214850 283442 355640 1909950 259558 1650392 1795 1207 1730 4231 15502 24465 23513 9266 20558 24645 30433 108415 74010 10310 417163 15800 517283 2560113 2358965 0.64470 0.69800 X PART II, LINE 10 517,283 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6000 false 950000 950000 2619642 1083585 1536057 245998 174027 71971 193350 134688 58662 2616690 SECURITY DEPOSIT 13894 13894 X 1894661 742425 742425 1152236 1152236 1874164 742425 742425 1131739 1131739 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION AS DEFINED IN SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUTE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR OTHER APPLICABLE TAXING AUTHORITIES. SCHEDULE D, PAGE 4, PART XI, LINE 2D FARMERS MARKET 133,548 LAKESIDE FESTIVAL 445,530 MUSIC UNDER THE TREES 31,555 ANNUAL NEW YEAR EVENT 28,642 INVENTORY 103,150 SCHEDULE D, PAGE 4, PART XII, LINE 2D FARMERS MARKET 133,548 LAKESIDE FESTIVAL 445,530 MUSIC UNDER THE TREES 31,555 ANNUAL NEW YEAR FESTIVAL 28,642 INVENTORY 103,150 LAKESIDE FESTIV 750023 750023 64344 2041 255813 123332 ANNUAL NEW YEAR 44190 44190 11075 17566 1 14061 14061 31555 808274 808274 64344 2041 266888 172453 505726 302548 FORM 990, PAGE 1, ITEM B THE DONOR INFORMATION WAS WRONGLY REPORTED ON SCHEDULE B. THE RETURN HAS BEEN AMENDED FOR THE SAME. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE FORM 990 BEFORE FILING. AFTER THE REVIEW, THE TREASURER AND FINANCE COMMITTEE WILL MAKE RECOMMENDATIONS FOR NECESARY CHANGES AND/OR ACCEPTANCE. THE BOARD OF DIRECTORS VOTE ON ACCEPTANCE AND THE TREASURER SIGNS THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION MONITORS COMPLIANCE WHEN INTERVIEWS ARE COMPLETED AND BACKGROUND CHECKS ARE DONE AND ACCEPTED. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION FOR THE EXECUTIVE DORECTOR IS DETERMINED BY A COMPREHENSIVE EVALUATION PROCESS INCLUDING COMPARISONS WITH EXTERNAL INDEPENDENT SOURCES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ALL GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND SIGNIFICANT POLICIES AVALIABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 FARMERS MARKET 133,548 LAKESIDE FESTIVAL 445,530 MUSIC UNDER THE TREES 31,555 ANNUAL NEW YEAR EVENT 28,642 INVENTORY 103,150 FARMERS MARKET -133,548 LAKESIDE FESTIVAL -445,530 MUSIC UNDER THE TREES -31,555 ANNUAL NEW YEAR FESTIVAL -28,642 INVENTORY -103,150