2025-09-05T16:00:25-05:00 2025-04-30 990 2024-05-01 844151206 THE LAKE FOREST LIBRARY FOUNDATION LAKE 8478104602 360 E DEERPATH ROAD LAKE FOREST IL 60045 MARK SARAN PRESIDENT 8472345000 2025-08-29 1 2024 2025-03-06 01:10:19Z MARK SARAN 585 BANK LANE LAKE FOREST IL 60045 156890 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 45874 29030 0 0 9237 33638 0 0 55111 62668 0 0 0 0 0 0 0 0 161 10753 4363 10753 4363 44358 58305 484827 557237 0 0 484827 557237 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 29030 29030 12218 12218 115642 94222 21420 21420 21420 62668 0 0 33638 1836 1836 929 929 INVESTMENT FEES 1322 1322 CREDIT CARD FEES 161 161 ANNUAL FEE 115 115 4363 0 4202 161 11519 2513 1 21451 473307 533273 484827 557237 0 0 X 313552 341141 171275 216096 484827 557237 484827 557237 58305 14105 0 X 0 1 X 1 0 X 12779 366781 42936 45874 29030 497400 12779 366781 42936 45874 29030 497400 10000 324286 10000 7430 21195 372911 0 10000 324286 10000 7430 21195 372911 124489 68 5537 9025 12218 26848 68 5537 9025 12218 26848 12779 366849 48473 54899 41248 524248 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. IN 2024, THE ORGANIZATION SOLD STOCK FOR A GAIN OF $21,419, WHICH IS NOT REFLECTED IN THE TOTAL SUPPORT SCHEDULE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 171275 29030 15791 216096 106966 45874 18435 171275 102132 6000 -1166 106966 103403 -1271 102132 1.00000 0 0 0 75451 14105 14105 61346 1322 1322 62668 3041 0 3041 1322 1322 4363 PART V, LINE 4: TO PROVIDE LONG-TERM , ONGOING SUPPORT TO THE LAKE FOREST LIBRARY FOR CAPITAL PROJECTS AND GENERAL OPERATIONS. 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.