Nonprofit · EIN 85-3459552
LAKEFOREST DEVELOPMENT FOUNDATION
Tax-exempt · BUFFALO GROVE, IL 60089
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $146,256 | $0 | $146,256 | $2,119,231 | $1,950,000 | $169,231 |
| December 31, 2023 | 990 | $22,975 | $0 | $22,975 | $1,972,975 | $1,950,000 | $22,975 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $146,256
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $1,972,975
- Total assets, end of year
- $2,119,231
- Total liabilities, end of year
- $1,950,000
- Net assets, end of year
- $169,231
- Gross receipts
- $146,256
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2023
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAKSHMI NESE | DIRECTOR Officer | 0 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAKSHMI NESE | DIRECTOR Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2630 CHELSEY ST, BUFFALO GROVE, IL 60089-4602
- In care of
- % LAKSHMI NESE
- Mailing address (990-N for 2020)
- 2630 Chelsey St, Buffalo Grove IL 60089
- Principal officer (990-N for 2020)
- Lakshmi Nese, 2630 Chelsey St, Buffalo Grove IL 60089
- Signed the 990
- LAKSHMI NESE, PRESIDENT
- Phone
- (847) 271-8170
- Return prepared by
- M AMIN AND CO LTD
Mission
HELPING UNDER SERV COMMUNITY
Program accomplishments
- HELPING UNDERSERV CONMMUNITYrevenue $146,256
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-3459552
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C32)
- Assets (IRS master file)
- $2,119,231
- Income (IRS master file)
- $146,256
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $146,256 | $0 | $2,119,231 | XML |
| 990 | December 2023 | $22,975 | $0 | $1,972,975 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: Lakshmi Nese | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-3459552).
Questions about LAKEFOREST DEVELOPMENT FOUNDATION
- What is the EIN of LAKEFOREST DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of LAKEFOREST DEVELOPMENT FOUNDATION is 85-3459552.
- Is LAKEFOREST DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to LAKEFOREST DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKEFOREST DEVELOPMENT 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 LAKEFOREST DEVELOPMENT FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKEFOREST DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LAKEFOREST DEVELOPMENT FOUNDATION?
- The 990-N for 2020 names Lakshmi Nese.
- Who are the officers and directors of LAKEFOREST DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does LAKEFOREST DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $146,256, expenses of $0 and total assets of $2,119,231 at year end.
Other nonprofits in BUFFALO GROVE
- ABHIMANU SINGH EIN 39-3341989 · last filed 990-N for 2025
- MINOBASHI FOUNDATION EIN 99-4059116 · last filed 990-N for 2024
- CIRCULAR IMPACT NETWORK INC EIN 33-3060659 · last filed 990-N for 2025
- OMNI YOUTH SERVICES INC EIN 36-2777027 · last filed 990 for 2025
- WAYNE AND NAN KOCOUREK FOUNDATION EIN 47-6807414 · last filed 990-PF for 2025
- JACK MILLER FAMILY FOUNDATION EIN 20-1930514 · last filed 990-PF for 2024
- THE FOUNDATION FOR PERIPHERAL NEUROPATHY EIN 26-1195248 · last filed 990 for 2025
- IRVING AND PHYLLIS MILLSTEIN FOUNDATION FOR ANIMAL WELFARE LTD EIN 81-4594769 · last filed 990-PF for 2024