Overview
What is The Lake Forest Library Foundation?
The Lake Forest Library Foundation is a dedicated nonprofit organization located at 360 E Deerpath Road, Lake Forest, IL 60045. Its primary objective is to support the Lake Forest Library, a place that encourages lifelong learning and fosters the free exchange of ideas to strengthen the community. To achieve this mission, the foundation focuses on building an endowment fund and raising funds for approved capital projects. By doing so, it contributes to the library's ongoing success and growth, ensuring it remains a valuable resource for the community.
Is The Lake Forest Library Foundation legitimate?
The Lake Forest Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lake Forest Library 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Lake Forest Library Foundation?
The Lake Forest Library Foundation's mission is centered around supporting a library that encourages lifelong learning and fosters the free exchange of ideas. The organization's primary purpose is to aid this library in its mission, ultimately contributing to building a community. To accomplish this, the foundation maintains an endowment fund and raises funds for approved capital projects, providing essential support to the library's endeavors.
What is the revenue of The Lake Forest Library Foundation?
The Lake Forest Library Foundation's revenue in 2024 was $55,111.
Who are the executives of The Lake Forest Library Foundation and what are their salaries?
There 10 volunteers at The Lake Forest Library Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Lake Forest Library Foundation?
The Lake Forest Library Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Lake Forest Library Foundation
The Lake Forest Library Foundation, a dedicated organization, is committed to supporting the Lake Forest Library in its mission. Its purpose is to inspire lifelong learning, foster the free and respectful exchange of ideas, and contribute to building a community. To achieve this, the foundation works towards creating and maintaining an endowment fund and raises funds for capital projects, subject to approval by the library board. By doing so, it aims to strengthen the Lake Forest Library's ability to fulfill its role as a hub of knowledge and interaction.
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Impact
August, 2024
The Lake Forest Library Foundation's impact is felt through its dedicated efforts to provide crucial support to the Lake Forest Library. By creating and maintaining an endowment fund, the Foundation ensures the sustainability of the library's operations and programs, ultimately benefiting the community. Additionally, by raising funds for approved capital projects, the Foundation plays a key role in enhancing the library's facilities and services for the public. Through its commitment to promoting life-long learning, fostering open dialogue, and building a sense of community, the Lake Forest Library Foundation positively influences the educational landscape of Lake Forest, IL.
This information is meant to be a general summary of The Lake Forest Library 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 2024.
- Investment Income: $9,025
- Gross Receipts: $127,812
Assets and Liabilities:
- Total Assets: $392,237
- Total Liabilities: $0
- Net Assets: $392,237
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Organization Details
Founding Year
2019
Principal Officer
Mark Saran
NTEE Category
Code: B12 - Education
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