2025-02-26T09:49:50-06:00 2024-04-30 990 2023-05-01 844151206 THE LAKE FOREST LIBRARY FOUNDATION LAKE 8478104602 360 E DEERPATH ROAD LAKE FOREST IL 60045 MARK SARAN PRESIDENT 8472345000 2025-02-25 1 2023 2025-03-06 01:10:19Z MARK SARAN 585 BANK LANE LAKE FOREST IL 60045 127812 0 X N/A X 2019 IL TO SUPPORT THE LAKE FOREST LIBRARY THROUGH THE CREATION AND MAINTENANCE OF AN ENDOWMENT FUND AND TO RAISE FUNDS FOR CAPITAL PROJECTS WHEN APPROVED BY THE LIBRARY BOARD. 4 4 0 10 0 0 42936 45874 0 0 -9172 9237 0 0 33764 55111 0 0 0 0 0 0 0 0 3482 7712 10753 7712 10753 26052 44358 392237 484827 0 0 392237 484827 THE ORGANIZATION'S 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. 0 0 THE ORGANIZATION OPERATES TO SUPPORT THE LAKE FOREST LIBRARY . 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X L ROBERT PASQUESI 8472345000 585 BANK LANE SUITE 3000 LAKE FOREST IL 60045 X MARK SARAN PRESIDENT 1.00 X X 0 0 0 STEVE SINCLAIR VICE PRESIDENT 1.00 X X 0 0 0 L ROBERT PASQUESI TREASURER 1.00 X X 0 0 0 MICHAEL HOEFT SECRETARY 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 45874 45874 9025 9025 72913 72701 212 212 212 55111 0 0 9237 3727 3727 2500 2500 929 929 BANK AND CREDIT CARD FE 2224 2224 PRINTING AND MAILING SE 1258 1258 ANNUAL FEE 115 115 10753 0 7271 3482 46768 11519 65 1 345404 473307 392237 484827 0 0 X 290105 313552 102132 171275 392237 484827 392237 484827 44358 48232 0 X 0 1 X 1 0 X 12779 366781 42936 45874 468370 12779 366781 42936 45874 468370 10000 324286 10000 7430 351716 0 10000 324286 10000 7430 351716 116654 68 5537 9025 14630 68 5537 9025 14630 12779 366849 48473 54899 483000 X PART III LINE THE ORGANIZATION WAS FORMED ON DECEMBER 13, 2019; THEREFORE 2020 WAS A SHORT YEAR FOR PURPOSES OF SCHEDULE A. PART III SECTION B LINE12 OTHER INCOME IN 2022, THE ORGANIZATION SOLD STOCK FOR A LOSS OF $14,709 WHICH IS NOT REFLECTED IN THE TOTAL SUPPORT SCHEDULE. IN 2023, THE ORGANIZATION SOLD STOCK FOR A GAIN OF $212, WHICH IS NOT REFELCTED IN THE TOTAL SUPPORT SCHEDULE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 106966 45874 18435 171275 102132 6000 -1166 106966 0 103403 -1271 102132 1.00000 0 0 0 103343 48232 48232 55111 0 55111 10753 0 10753 0 10753 PART V, LINE 4: TO PROVIDE LONG-TERM , ONGOING SUPPORT TO THE LAKE FOREST LIBRARY FOR CAPITAL PROJECTS AND GENERAL OPERATIONS. 0 0 1 PART I, LINE 32B: ORGANIZATION USES A LOCAL BANK WITH AN INVESTMENT DEPARTMENT TO RECEIVE AND SELL STOCK DONATIONS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS DISTRIBUTED TO THE OFFICERS OF THE ORGANIZATION FOR REVIEW BEFORE THE FORM IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY, INDICATING THEY ARE IN COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, WHICH GETS CIRCULATED TO ALL NEW BOARD MEMBERS AT THE BEGINNING OF THEIR TERM. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION HAS A STATEMENT ON ITS WEBSITE THAT ITS FINANCIAL REPORTS ARE AVAILABLE UPON REQUEST.