Lake County Illinois Convention & Visitors Bureau
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,466,923 | 1,671,140 | −204,217 | 7.0 | 31% |
| 2021 | 1,600,265 | 1,457,208 | 143,057 | 9.2 | 35% |
| 2022 | 2,068,670 | 1,625,409 | 443,261 | 11.2 | 30% |
| 2023 | 2,273,777 | 2,248,527 | 25,250 | 8.2 | 26% |
In its most recent public year (2023), this organization brought in $25,250 more than it spent. Its reserves stood at about 8.2 months of spending, up from 7 in 2020. Staff pay was 26% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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