Mission
Lake Forest Graduate School of Management's mission is to bring the real world to business education and leadership development.
Public Charity
Lake Forest Graduate School of Management
Based in Lake Forest, IL, Lake Forest Graduate School of Management operates as a Public Charity. The organization reported $3.0M in revenue, $7.4M in expenses, $10.2M in total assets for fiscal year 2025.
EIN: 237013253
Lake Forest, IL
Latest filing: 2025
Total Revenue$3.0M
Total Expenses$7.4M
Total Assets$10.2M
Grant Records0
Filing Years2021–2025
Where $100 goes at Lake Forest Graduate School of Management
How Lake Forest Graduate School of Management divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$73
Programs
the work itself
$27
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $73 for programs
$41
Lake Forest center for leadership (c4l) is a part of Lake Forest graduate school which provides interrelated formal classroom business education instruction in the form of certificate programs…
$32
Lake Forest Graduate School of Management combines traditional and leading-edge academics with a practitioner faculty that provides a dynamic connection with the real world of business
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
Sr Director, Marketing Operations
Carolyn Brune
Sr VP Center for Leadership
Carrie Buchwald
DIRECTOR
David Lee
TRUSTEE / VICE BOARD CHAIR
Frank Pasquesi
DIRECTOR / FACULTY
Gary Conrad
President & CEO
Jeffrey Anderson
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $3.0M | $7.4M | $10.2M |
| 2024 | $6.9M | $9.4M | $14.6M |
| 2023 | $8.0M | $9.3M | $15.5M |
| 2022 | $8.1M | $8.9M | $16.8M |
| 2021 | $9.6M | $9.1M | $19.0M |
Between 2021 and 2025, reported annual revenue declined from $9.6M to $3.0M (-69%), with total assets most recently reported at $10.2M.
Interactive year-over-year charts and full filing details available with membership.