Nonprofit · EIN 36-2852334
COLLEGE OF LAKE COUNTY FOUNDATION
Tax-exempt · GRAYSLAKE, IL 60030
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,115,278 | $6,235,407 | $1,879,871 | $11,852,030 | $48,105 | $11,803,925 |
| June 30, 2024 | 990 | $3,859,359 | $4,523,790 | -$664,431 | $10,556,364 | $613,254 | $9,943,110 |
| June 30, 2023 | 990 | $2,897,556 | $4,543,203 | -$1,645,647 | $10,877,519 | $617,230 | $10,260,289 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $7,253,927
- Program service revenue
- $0
- Investment income
- $861,351
- Net gain from sales of assets
- $535,546
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $6,118,174
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $6,118,174
- Management and general (functional)
- $105,885
- Fundraising (functional)
- $11,348
Balance sheet and other
- Total assets, start of year
- $10,556,364
- Total assets, end of year
- $11,852,030
- Total liabilities, end of year
- $48,105
- Net assets, end of year
- $11,803,925
- Publicly traded securities
- $8,434,574
- Net assets without donor restrictions
- $1,947,568
- Net assets with donor restrictions
- $9,856,357
- Gross receipts
- $8,594,313
- Employees
- 0
- Volunteers
- 31
- Year formed
- 1974
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LEIGH ANN JACOBSON | Executive Director & Chief Development Officer (Start November 2024) Officer | 40 | $25,587 | $5,977 |
| Kevin Appleton | Treasurer-ExOfficio Trustee or director, Officer | 0.6 | $0 | $0 |
| Brandon Bennett | Director Trustee or director | 0.6 | $0 | $0 |
| Christine Lpez | Director Trustee or director | 0.6 | $0 | $0 |
| Christopher Piazzi | Director Trustee or director | 0.6 | $0 | $0 |
| Dave Galla | Director Trustee or director | 0.6 | $0 | $0 |
| Derek Leiter | Director Trustee or director | 0.6 | $0 | $0 |
| Dr Ali O Brien | Director - ExOfficio Trustee or director | 0.6 | $0 | $0 |
| Dr Kristen Jones | Director - ExOfficio Trustee or director | 0.6 | $0 | $0 |
| Dr Lori Suddick | Director - ExOfficio Trustee or director | 0.6 | $0 | $0 |
| Elizabeth Kangas Miller | Director Trustee or director | 0.6 | $0 | $0 |
| Holly Kerr | Director Trustee or director | 0.6 | $0 | $0 |
| J Kenneth Rosko | Director Trustee or director | 0.6 | $0 | $0 |
| Jannes E Zobus | Director Trustee or director | 0.6 | $0 | $0 |
| Joanna P Rolek | Director Trustee or director | 0.6 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Judith A Haga | Director Trustee or director | 0.6 | $0 |
| Julia Guiney | Director Trustee or director | 0.6 | $0 |
| Kathy Buscaglia | Director Trustee or director | 0.6 | $0 |
| Lincoln Abbey | Director Trustee or director | 0.6 | $0 |
| Lisa Dooley Trace | Director Trustee or director | 0.6 | $0 |
| Meg Largay | Director Trustee or director | 0.6 | $0 |
| Michael S Trimble | Director Trustee or director | 0.6 | $0 |
| Paul Diamond | Director Trustee or director | 0.6 | $0 |
| R Lee Piekarz | Director Trustee or director | 0.6 | $0 |
| Robert R Worobow | Director Trustee or director | 0.6 | $0 |
| Sam Valenti | Director Trustee or director | 0.6 | $0 |
| Sandra Shinsky | Director Trustee or director | 0.6 | $0 |
| Sonja Marinac | Director Trustee or director | 0.6 | $0 |
| Tiffany Peppers | Director Trustee or director | 0.6 | $0 |
| Val Munchez -van der Wagt | Director Trustee or director | 0.6 | $0 |
| Glenda Abbott | Vice-Chair Officer | 0.6 | $0 |
| Renee Young | Chair Officer | 0.6 | $0 |
| Scot Parker | Secretary Officer | 0.6 | $0 |
990 for the year ended June 30, 2024: 33 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kurt Peterson | Executive Director (Thru April 2024) Officer | 40 | $195,697 | $53,877 |
| Kevin Appleton | Treasurer-ExOfficio Trustee or director, Officer | 0.6 | $0 | $0 |
| Brandon Bennett | Director Trustee or director | 0.6 | $0 | $0 |
| Christine Lpez | Director Trustee or director | 0.6 | $0 | $0 |
| Christopher Piazzi | Director Trustee or director | 0.6 | $0 | $0 |
| Dave Galla | Director Trustee or director | 0.6 | $0 | $0 |
| Derek Leiter | Director Trustee or director | 0.6 | $0 | $0 |
| Dr Ali O Brien | Director - ExOfficio Trustee or director | 0.6 | $0 | $0 |
| Dr Kristen Jones | Director - ExOfficio Trustee or director | 0.6 | $0 | $0 |
| Dr Lori Suddick | Director - ExOfficio Trustee or director | 0.6 | $0 | $0 |
| Elizabeth Kangas Miller | Director Trustee or director | 0.6 | $0 | $0 |
| Holly Kerr | Director Trustee or director | 0.6 | $0 | $0 |
| J Kenneth Rosko | Director Trustee or director | 0.6 | $0 | $0 |
| Jannes E Zobus | Director Trustee or director | 0.6 | $0 | $0 |
| Joanna P Rolek | Director Trustee or director | 0.6 | $0 | $0 |
| Judith A Haga | Director Trustee or director | 0.6 | $0 | $0 |
| Julia Guiney | Director Trustee or director | 0.6 | $0 | $0 |
| Kathy Buscaglia | Director Trustee or director | 0.6 | $0 | $0 |
| Lincoln Abbey | Director Trustee or director | 0.6 | $0 | $0 |
| Lisa Dooley Trace | Director Trustee or director | 0.6 | $0 | $0 |
| Meg Largay | Director Trustee or director | 0.6 | $0 | $0 |
| Michael S Trimble | Director Trustee or director | 0.6 | $0 | $0 |
| Paul Diamond | Director Trustee or director | 0.6 | $0 | $0 |
| R Lee Piekarz | Director Trustee or director | 0.6 | $0 | $0 |
| Robert R Worobow | Director Trustee or director | 0.6 | $0 | $0 |
| Sam Valenti | Director Trustee or director | 0.6 | $0 | $0 |
| Sandra Shinsky | Director Trustee or director | 0.6 | $0 | $0 |
| Sonja Marinac | Director Trustee or director | 0.6 | $0 | $0 |
| Tiffany Peppers | Director Trustee or director | 0.6 | $0 | $0 |
| Val Munchez -van der Wagt | Director Trustee or director | 0.6 | $0 | $0 |
| Glenda Abbott | Vice-Chair Officer | 0.6 | $0 | $0 |
| Renee Young | Chair Officer | 0.6 | $0 | $0 |
| Scot Parker | Secretary Officer | 0.6 | $0 | $0 |
990 for the year ended June 30, 2023: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kurt Peterson | Executive Dir. Officer | 40 | $195,694 | $29,004 |
| David Galla | Director Trustee or director | 0.6 | $0 | $0 |
| Glenda Abbott | Vice Chair Trustee or director | 0.6 | $0 | $0 |
| Judith A Haga | Director Trustee or director | 0.6 | $0 | $0 |
| Elizabeth K Miller | Director Trustee or director | 0.6 | $0 | $0 |
| Paul Diamond | Director Trustee or director | 0.6 | $0 | $0 |
| Tiffany Peppers | Director Trustee or director | 0.6 | $0 | $0 |
| Val Munchez-van der Wagt | Director Trustee or director | 0.6 | $0 | $0 |
| R Lee Piekarz | Director Trustee or director | 0.6 | $0 | $0 |
| Sam Valenti | Director Trustee or director | 0.6 | $0 | $0 |
| Dr Kristen Jones | Dir-Ex Officio Trustee or director | 0.6 | $0 | $0 |
| Holly Kerr | Director Trustee or director | 0.6 | $0 | $0 |
| Joanna P Rolek | Director Trustee or director | 0.6 | $0 | $0 |
| Kevin Appleton | Treas-ExOfficio Trustee or director, Officer | 0.6 | $0 | $0 |
| Julia Guiney | Director Trustee or director | 0.6 | $0 | $0 |
| Sonja Marinac | Director Trustee or director | 0.6 | $0 | $0 |
| Sandra Shinsky | Director Trustee or director | 0.6 | $0 | $0 |
| Dr Lori Suddick | Dir-Ex Officio Trustee or director | 0.6 | $0 | $0 |
| Meg Largay | Director Trustee or director | 0.6 | $0 | $0 |
| J Kenneth Rosko | Director Trustee or director | 0.6 | $0 | $0 |
| Renee Young | Chairman Trustee or director, Officer | 0.6 | $0 | $0 |
| Christopher Piazzi | Director Trustee or director | 0.6 | $0 | $0 |
| Christine Lopez | Director Trustee or director | 0.6 | $0 | $0 |
| Lisa Dooley Trace | Director Trustee or director | 0.6 | $0 | $0 |
| Jannes E Zobus | Director Trustee or director | 0.6 | $0 | $0 |
| Scot Parker | Secretary Trustee or director, Officer | 0.6 | $0 | $0 |
| Dr Ali O'Brien | Dir-Ex Officio Trustee or director | 0.6 | $0 | $0 |
| Lincoln Abbey | Director Trustee or director | 0.6 | $0 | $0 |
| Kathy Buscaglia | Director Trustee or director | 0.6 | $0 | $0 |
| Michael S Trimble | Director Trustee or director | 0.6 | $0 | $0 |
| Robert R Worobow | Director Trustee or director | 0.6 | $0 | $0 |
| Brandon Bennett | Director Trustee or director | 0.6 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 19351 W WASHINGTON ST, GRAYSLAKE, IL 60030-1198
- Principal officer (990 for 2024)
- James W Beckom, 19351 West Washington St, Grayslake, IL 600301198
- Signed the 990
- James W Beckom, Treasurer-ExOfficio
- Phone
- (847) 543-2091
- Return prepared by
- CROWE LLP
Mission
Opening doors to educational opportunity for all of Lake County, Illinois.
Program accomplishments
- Payments to the College of Lake County, other organizations and students to be used for grants and scholarships applicable to student tuition and fees.Expenses $6,118,174 · grants $6,118,174
- GRANTS TO AND ON BEHALF OF COLLEGE OF LAKE COUNTY AND OTHER ORGANIZATIONS FOR ENHANCEMENT OF INSTRUCTIONAL PROGRAMS.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2852334
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B42)
- Assets (IRS master file)
- $11,852,030
- Income (IRS master file)
- $8,594,313
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,115,278 | $6,235,407 | $11,852,030 | IRS |
| 990 | June 2024 | $3,859,359 | $4,523,790 | $10,556,364 | IRS |
| 990 | June 2023 | $2,897,556 | $4,543,203 | $10,877,519 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-2852334).
Questions about COLLEGE OF LAKE COUNTY FOUNDATION
- What is the EIN of COLLEGE OF LAKE COUNTY FOUNDATION?
- The employer identification number (EIN) of COLLEGE OF LAKE COUNTY FOUNDATION is 36-2852334.
- Is COLLEGE OF LAKE COUNTY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to COLLEGE OF LAKE COUNTY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COLLEGE OF LAKE COUNTY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COLLEGE OF LAKE COUNTY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COLLEGE OF LAKE COUNTY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COLLEGE OF LAKE COUNTY FOUNDATION?
- The 990 for the year ended June 30, 2025 names James W Beckom.
- Who are the officers and directors of COLLEGE OF LAKE COUNTY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 33 people; 1 received compensation from the organization, the highest $25,587 (LEIGH ANN JACOBSON, Executive Director & Chief Development Officer (Start November 2024)).
- How much revenue does COLLEGE OF LAKE COUNTY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,115,278, expenses of $6,235,407 and total assets of $11,852,030 at year end.
Other nonprofits in GRAYSLAKE
- PRAIRIE CROSSING CHARTER SCHOOL EIN 36-4219220 · last filed 990 for 2025
- UNIVERSITY CENTER OF LAKE COUNTY EIN 36-4426554 · last filed 990 for 2025
- NORTHERN LAKE COUNTY CONFERENCE EIN 81-2560847 · last filed 990-EZ for 2026
- LAKE COUNTY SUPERINTENDENTS ASSOCIATION EIN 45-3126298 · last filed 990-EZ for 2025
- ANNIE OAKLEY SHOOTERS OF NORTHERN ILLINOIS EIN 92-1708021 · last filed 990-EZ for 2025
- MEADOWVIEW P T O EIN 36-4130500 · last filed 990-EZ for 2025
- EXCELLENCE PROJECT EIN 85-1383674 · last filed 990-N for 2025
- ADVOCACY SPECIALISTS NFP EIN 81-5225288 · last filed 990-N for 2025