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The Lake County Community Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 203654399 ✦ Grayslake, IL ✦ Designated as a 501(c)(3)

Overview

What is The Lake County Community Foundation?

The Lake County Community Foundation is a philanthropic grantmaking institution situated in Lake County, Illinois. Established in 2003, its mission is to unite philanthropists and donors, pooling resources and ideas to create enduring funds benefiting Lake County for present and future generations. This nonprofit corporation serves as a vital bridge between charitable organizations and their designated purposes, granting funds within the county. With a dedicated team of five employees, the Lake County Community Foundation plays a significant role in fostering community growth and development in the region.


Official website here: www.lakecountycf.org

Is The Lake County Community Foundation legitimate?

The Lake County Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lake County Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $115,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $314,999

For more financial information, click here


Official website here: www.lakecountycf.org

What is the mission statement of The Lake County Community Foundation?

The Lake County Community Foundation is a philanthropic organization established with the purpose of uniting philanthropists, donors, and resources to create enduring funds that benefit the community for generations. Its mission is to bring together dollars and ideas, fostering collaboration among various parties to enhance the welfare of the community. As a grantmaking institution, it disperses funds to charitable organizations within a specific class or purpose, aiming to contribute positively to Lake County's socio-economic landscape.


Official website here: www.lakecountycf.org

Who is the CEO of The Lake County Community Foundation?

Steven Bugg is the Executive Di of The Lake County Community Foundation.


Official website here: www.lakecountycf.org

What is the revenue of The Lake County Community Foundation?

The Lake County Community Foundation's revenue in 2022 was $7,776,857.


Official website here: www.lakecountycf.org

Who are the executives of The Lake County Community Foundation and what are their salaries?

The average compensation at The Lake County Community Foundation during 2022 was $86,000. There are 5 employees and 20 volunteers at The Lake County Community Foundation.

Here are 21 key members and their salaries:

    Sarah Morales (Executive Di)
  • Compensation: $26,749
  • Related: $0
  • Other: $113,431

    • Steven Bugg (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Malcolm Newsome (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nadine Johnson (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tiffany Alexander (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeanne Ang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bruce Boyd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Cowhey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev Dr Robert A Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Fox (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Gibbons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pastor Amy Heinrich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martha R Hinchman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kris Hoult (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Humphrey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ali O'Brien (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Heather Sannes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Sonnier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Sullivan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anthony Vega (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amber Webb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.lakecountycf.org

    Where can I find the form 990 for The Lake County Community Foundation?

    The The Lake County Community Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.lakecountycf.org

    Learn more at the official website: www.lakecountycf.org

    Mission Statement of The Lake County Community Foundation

    The Lake County Community Foundation, established in 2003, serves as a nonprofit corporation that brings together philanthropists, donors, and ideas with the sole purpose of building permanent funds to benefit Lake County, Illinois, for both current and future generations. This organization functions as a philanthropic grantmaking institution, distributing funds to charitable organizations within a designated class or purpose within Lake County. Its mission is to bring together resources and ideas, aiming to enhance the well-being and prosperity of the community it serves for generations to come.

    Impact

    This information is meant to be a general summary of The Lake County Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Lake County Community Foundation's impact can be seen in its commitment to bringing together philanthropists and donors to build permanent funds that benefit Lake County, Illinois both now and for future generations. Through its philanthropic grantmaking activities, the foundation supports charitable organizations within a designated class or purpose in the Graylake, IL area. This focused approach amplifies the impact of donors' contributions, creating a lasting legacy of giving that enriches the community and fosters positive change.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,506,588
  • Program Service Revenue: $163,600
  • Gross Receipts: $11,657,742

    • Assets and Liabilities:
  • Total Assets: $17,830,952
  • Total Liabilities: $338,318
  • Net Assets: $17,492,634
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ADMINISTRATIVE FEES

    Revenue

    $163,600

    Organization Details

    Founding Year

    2005

    Principal Officer

    Steven Bugg

    Main Address

    1200 UNIVERSITY CENTER DR 333, GRAYSLAKE, IL, 600302614

    NTEE Category

    Code: T30 - Philanthropy

    If you are a representative of The Lake County Community Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.