Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2002.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
60 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
9 people listed on the 990.
Nancy Merkling’s $30K as Co-Executive Director is at the 4th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Enriching lives by fostering arts, education, and community.
Questions for Lakeside Legacy Foundation
Your first name shows with your question. Lakeside Legacy Foundation answers here, for everyone.
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Part of the lakeside legacy foundation mission is to preserve and protect the dole mansion and lakeside arts park for the community to experience and be inspired by art, artists, and educational programming. LLF had 48 artists' studios of which 96% of the studios were occupied. (I.E.
Farmers market+ at the dole is an indoor and outdoor market experience that began in 2021. It brings the season's freshest locally sourced fruits, vegetables, flowers, and delicacies to northern illinois.
The first friday art show used to occur 9 months out of the year. Due to covid the only event held was in october. The art show typically has over 4,000 in attendance, 500+ emerging artists, 100+ professional caliber artists that showcase their work either in the sage gallery or the dole gallery.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $702K | $621K |
| Land, buildings, equipmentLn 10c | $2.1M | $2.3M |
| Total assetsLn 16 | $2.9M | $3.0M |
| LiabilitiesLn 26 | $860K | $675K |
| Net assetsLn 32 | $2.0M | $2.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $229K | $69K | $82K | $78K |
| Payroll taxesLn 10 | $22K | $6K | $8K | $8K |
| Accounting feesLn 11c | $31K | $31K | ||
| Advertising and promotionLn 12 | $32K | $32K | ||
| Office expensesLn 13 | $172K | $150K | $22K | |
| Information technologyLn 14 | $11K | $11K | ||
| Conferences, conventions and meetingsLn 19 | $2K | $2K | ||
| InterestLn 20 | $25K | $24K | $994 | |
| Depreciation, depletion and amortizationLn 22 | $86K | $79K | $6K | |
| InsuranceLn 23 | $23K | $23K | ||
| Other expenses (24a–d)Ln 24 | $24K | $23K | $263 | |
| Total functional expensesLn 25 | $658K | $396K | $176K | $86K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.2M | $1.1M | $61K | $2.6M | 990 PDF |
| FY2023 | $1.2M | $1.1M | $20K | $2.5M | 990 PDF |
| FY2022 | $1.0M | $832K | $199K | $2.5M | 990 PDF |
| FY2021 Viewing | $938K | $658K | $281K | $2.3M | 990 PDF |
| FY2020 | $899K | $593K | $306K | $2.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $938,267 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, no flags
Part VIII · Statement of revenue $938,267 across 7 lines filed
Part IX · Statement of functional expenses $657,590 across 11 lines filed
Part X · Balance sheet $2,955,150 assets, 17 lines filed
Part XI · Reconciliation of net assets $2,280,565 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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