Overview
What is Lake County Bar Foundation?
The Lake County Bar Foundation, established in 1960, is a nonprofit organization committed to promoting lawyer education and advancing jurisprudence. Its missions involve supporting the charitable, educational, scientific, and literary objectives of the Lake County Bar Association, enhancing justice administration, fostering legal studies, disseminating legal knowledge, preserving historical legal documents, and providing financial aid to association members in need. The foundation's activities aim to improve legal education and facilitate the administration of justice in Lake County, offering direct benefits to its members and granting funds to third parties.
Official website here: www.lakebar.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Star rating)
The Lake County Bar Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial management and accountability. While the organization boasts a fully independent board and has solid policies in place concerning conflicts of interest and whistleblower protections, its overall performance is undermined by poor financial ratios. Particularly, the program expense ratio is notably low at 16.94%, suggesting that a minimal portion of funds is directed towards its core mission.
Despite having no material diversion of assets and a good governance structure, the foundation's liabilities to assets ratio stands at 25.08%, raising red flags about its financial health. Furthermore, while the charity meets several key accountability criteria, it falters in transparency as it has not posted its tax form on its website as required, losing points in this area.
Overall, while the Lake County Bar Foundation displays strength in governance and ethical policy implementation, its financial performance and transparency issues significantly detract from its overall effectiveness. It is essential for potential donors and stakeholders to consider these factors when evaluating their support of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lake County Bar Foundation legitimate?
Lake County Bar Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake County Bar 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.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.lakebar.org
What is the mission statement of Lake County Bar Foundation?
The Lake County Bar Foundation, established in 1960, has a mission to promote the education of lawyers and advance the field of jurisprudence. Its purposes include supporting the charitable, educational, scientific, and literary mission of the Lake County Bar Association, improving and facilitating the administration of justice, promoting the study and research of law, and disseminating legal knowledge. The foundation also engages in publishing and distributing literary works on legal subjects, preserving rare books and documents, and offering financial assistance to attorney members in need. Additionally, it acquires objects of art and cultural or historical interest related to the administration of justice.
Official website here: www.lakebar.org
Who is the CEO of Lake County Bar Foundation?
Douglas Dorando is the President of Lake County Bar Foundation.
Official website here: www.lakebar.org
What is the revenue of Lake County Bar Foundation?
Lake County Bar Foundation's revenue in 2022 was $139,527.
Official website here: www.lakebar.org
Who are the executives of Lake County Bar Foundation and what are their salaries?
Here are 25 key members and their salaries:
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Official website here: www.lakebar.org
Where can I find the form 990 for Lake County Bar Foundation?
Lake County Bar Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakebar.org
Learn more at the official website: www.lakebar.org
Mission Statement of Lake County Bar Foundation
The Lake County Bar Foundation, established in 1960, is devoted to promoting the education of lawyers and advancing the field of jurisprudence. Its primary purposes include:
1. Supporting the charitable, educational, scientific, and literary mission of the Lake County Bar Association.
2. Enhancing and facilitating the administration of justice.
3. Encouraging the study and research of law, disseminating legal knowledge, and providing ongoing education for lawyers.
4. Publishing and distributing literary works on legal subjects.
5. Preserving and exhibiting rare books, documents, art objects, and culturally significant items related to law or the administration of justice.
6. Offering financial assistance to Lake County Bar Association attorney members in need, at the sole discretion of the Foundation's trustees.
In essence, the Lake County Bar Foundation aims to promote the education and advancement of legal professionals, improve the administration of justice, and disseminate knowledge in the field of law through various means, including literature, exhibits, and financial assistance.
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Impact
October, 2024
The Lake County Bar Foundation significantly impacts the legal community and the broader Lake County area by enhancing the education of lawyers and advancing the field of jurisprudence. Established in 1960, the Foundation undertakes various initiatives aimed at promoting charitable, educational, scientific, and literary missions aligned with the Lake County Bar Association.
By facilitating lawyer education and continuing legal education, the Foundation improves the skills and knowledge of legal professionals, ensuring that they are well-equipped to serve the community. It supports research and the dissemination of legal knowledge, thereby contributing to a better-informed public and a more effective justice system.
In addition, the Foundation publishes and distributes important legal literature, further enriching the resources available to legal practitioners and scholars. Its preservation initiatives safeguard rare books and historical documents, which not only serve as valuable educational tools but also celebrate the cultural heritage of the legal system.
Moreover, by providing financial assistance to attorney members of the Lake County Bar Association, the Foundation plays a crucial role in ensuring that those in need can continue to participate fully in the practice of law. This support fosters a more equitable environment for legal professionals, enhancing the overall administration of justice in the community.
Overall, the Lake County Bar Foundation's initiatives have far-reaching effects, benefiting individual lawyers, enhancing legal education, and ultimately contributing to a fairer and more just society.
This information is meant to be a general summary of Lake County Bar Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,760
- Gross Receipts: $172,004
Assets and Liabilities:
- Total Assets: $1,365,645
- Total Liabilities: $399,834
- Net Assets: $965,811
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Organization Details
Founding Year
1960
Phone
(847) 244-3143Principal Officer
Douglas Dorando
Main Address
300 GRAND AVE, WAUKEGAN, IL, 60085
Website
www.lakebar.orgNTEE Category
Code: B500 - Education
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