LAKE FOREST FOUNDATION FOR HISTORIC PRESERVATION

EIN: 362887911 501(c)(3)

LAKE FOREST, IL

Total Revenue
$151,734
Total Expenses
$185,400
Total Assets
$253,272
Net Assets
$247,392
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
IL
Phone
8472950671
Tax Period
2024-04-01 to 2025-03-31

LAKE FOREST FOUNDATION FOR HISTORIC PRESERVATION, founded in 1976, is a small nonprofit that reported $152K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $185K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE LAKE FOREST PRESERVATION FOUNDATION IS DEDICATED TO THE PRESERVATION OF THE HISTORIC VISUAL CHARACTER OF LAKE FOREST, ILLINOIS THROUGH EDUCATION, ADVOCACY AND FUNDING ACTIVITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $144,922
Program Service Revenue $0
Investment Income $3,493
Other Revenue $3,319
TOTAL REVENUE $151,734

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,081
Fundraising Expenses $0
Program Expenses $173,506
Other Expenses $94,319
TOTAL EXPENSES $185,400

Year-over-Year Comparison

2024 2023 Change
Revenue $151,734 $163,905 -0.1%
Expenses $185,400 $133,005 +0.4%
Net Income $-33,666 $30,900 -2.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
32
Independent Members
32
Employees
3
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$46,965
Total Directors
32
$60,074
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER MCGREGOR EXECUTIVE DIRECTOR 0.00
Officer Director
$46,965 $0 $46,965
MARCY KERR EXECUTIVE DIRECTOR 0.00
$37,474 $0 $37,474
SUSAN BANKS OFFICE ASSISTANT 0.00
Director
$13,109 $0 $13,109
Craig Fox DIRECTOR 0.00
Director
$0 $0 $0
TREY GONZALES DIRECTOR 0.00
Officer Director
$0 $0 $0
JOHN Julian DIRECTOR 0.00
Director
$0 $0 $0
LAURA Luce VP ADVOCACY 0.00
Director
$0 $0 $0
GINA Zisook DIRECTOR 0.00
Director
$0 $0 $0
JIM OPSITNIK DIRECTOR 0.00
Director
$0 $0 $0
JASON Smith DIRECTOR 0.00
Director
$0 $0 $0
PERRY Georgopoulos Director 0.00
Director
$0 $0 $0
TIM Knight TREASURER 0.00
Officer Director
$0 $0 $0
BRIAN Norton PRESIDENT 0.00
Officer Director
$0 $0 $0
PATTI Poth DIRECTOR 0.00
Officer Director
$0 $0 $0
PETER OMalley Director 0.00
Director
$0 $0 $0
STEVE BEDRIN DIRECTOR 0.00
Director
$0 $0 $0
RAY BUSCHMANN VP ADVOCACY 0.00
Director
$0 $0 $0
HENRY KLEEMAN DIRECTOR 0.00
Director
$0 $0 $0
KARLA SCHWARTZ VP COMMUNICATIONS 0.00
Director
$0 $0 $0
PAULINE MOHR DIRECTOR 0.00
Director
$0 $0 $0
JOHN DIEFENBACH DIRECTOR 0.00
Director
$0 $0 $0
NADINE SHEPARD VP PROGRAMS 0.00
Director
$0 $0 $0
LINDA SHIELDS DIRECTOR 0.00
Director
$0 $0 $0
ARTHUR MILLER VP COMMUNICATIONS 0.00
Director
$0 $0 $0
JAMES SHEARRON DIRECTOR 0.00
Director
$0 $0 $0
JAN GIBSON VP DEVELOPMENT 0.00
Officer Director
$0 $0 $0
TOM GLEASON VP PROGRAMS 0.00
Officer Director
$0 $0 $0
MAX LYNCH DIRECTOR 0.00
Director
$0 $0 $0
NICOLE CURCIO DIRECTOR 0.00
Director
$0 $0 $0
JENNIFER KARRAS DIRECTOR 0.00
Director
$0 $0 $0
SUSANNAH SULLIVAN DIRECTOR 0.00
Director
$0 $0 $0
DAWN KIMBREL DIRECTOR 0.00
Director
$0 $0 $0
KELSEY KLEINERT DIRECTOR 0.00
Director
$0 $0 $0
SUSAN ATHENSON IMMEDIATE PAST PRESIDENT 0.00
$0 $0 $0
MICHELLE CURRY FORMER SECRETARY 0.00
$0 $0 $0
SHIRLEY PADDOCK DIRECTOR 0.00
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $151,734 $185,400 $253,272 $-33,666
2024 $163,905 $133,005 $275,495 $30,900
2023 $172,343 $186,497 $244,568 $-14,154
2022 $149,865 $126,252 $260,897 $23,613
2021 $115,217 $105,561 $249,980 $9,656
2020 $134,605 $110,346 $228,872 $24,259
2019 $118,303 $154,668 $204,692 $-36,365
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