Public Charity

Lake Forest College

Lake Forest College is a Public Charity headquartered in Lake Forest, IL. Financial data from the 2025 filing: $165.1M revenue, $155.5M expenses, $287.2M total assets. 128 publicly reported grants to this organization, totaling roughly $29.4M, appear in IRS filings.

EIN: 362167770 Lake Forest, IL Undergraduate Colleges NTEE: B42 Latest filing: 2025
Total Revenue$165.1M
Total Expenses$155.5M
Total Assets$287.2M
Grant Records128
Funding Total$29.4M
Filing Years2021–2025

Mission

Provide post-secondary education leading to a baccalaureate degree. Program service expenditures are made in conjunction with the operation of a liberal arts college spread over 107 acres with approximately 63 educational and support buildings. The College is accredited by the Higher Learning Commission, and had 1,814 undergraduate students and 23 graduate students with 144 full time faculty. Bachelor of arts degrees conferred were 434 during the year, with 14 master's degrees conferred. The College had approximately 1,250 resident students in the residence halls.

Where $100 goes at Lake Forest College

How Lake Forest College divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$89 Programs the work itself
$9 Management running the organization
$2 Fundraising raising the next dollar

Inside the $89 for programs

$67
Instruction and research includes expenses for all activities that are part of the instructional program and for activities specifically organized to produce research
75% of program spending
$12
Student services are considered programmatic and include activities that contribute to student emotional and physical well-being and intellectual, cultural and social development outside the formal instructional program
14% of program spending
$10
Auxiliary enterprises include expenses relating to the operation of the auxiliary activities such as housing, dining services, and parking
11% of program spending
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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

Trustee Alexander D Stuart
'92, Trustee Charles M Brennan Iii P '90
Vice President for Campus Life Christopher Ellertson
Trustee Claudia Wyatt-Johnson '69
Trustee Craig Omtvedt
Trustee Cristen Kogl '88

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$21,453,191 45 grants
General Support
$7,603,489 71 grants
Research & Policy
$39,541 3 grants
Unspecified
$276,949 6 grants

Financial Trends

Year Revenue Expenses Assets
2025 $165.1M $155.5M $287.2M
2024 $141.5M $144.5M $269.0M
2023 $140.5M $133.9M $261.9M
2022 $127.6M $123.5M $244.6M
2021 $111.5M $109.1M $251.3M

Between 2021 and 2025, reported annual revenue grew from $111.5M to $165.1M (+48%), with total assets most recently reported at $287.2M.

Interactive year-over-year charts and full filing details available with membership.

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