Mission
LAKE FOREST ACADEMY STRIVES TO EMBODY IN ITS PRACTICES - AND TO CULTIVATE IN ITS STUDENTS -EXCELLENCE OF CHARACTER, SCHOLARSHIP, CITIZENSHIP, AND RESPONSIBILITY.
Public Charity
LAKE FOREST ACADEMY
LAKE FOREST ACADEMY is a nonprofit organization categorized as Public Charity based in Lake Forest, IL. Its most recent IRS filing (2025) reports revenue of $48.6M, expenses of $39.2M, total assets of $145.2M. Imperigo tracks 78 reported grant relationships connected to this organization totaling approximately $6.4M.
EIN: 362216167
Lake Forest, IL
Secondary & High Schools
NTEE: B25
Latest filing: 2025
Total Revenue$48.6M
Total Expenses$39.2M
Total Assets$145.2M
Grant Records78
Funding Total$6.4M
Filing Years2021–2025
Where $100 goes at Lake Forest Academy
How Lake Forest Academy divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$73
Programs
the work itself
$21
Management
running the organization
$6
Fundraising
raising the next dollar
Inside the $73 for programs
$73
Lake Forest Academy "lfa" was established in 1857 as the boys' preparatory department of lind university
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.
Sample Grants Received
GENERAL SUPPORT
$15,757
PRIMARY AND SECONDARY EDUCATION
$15,000
HEALTH
$253,600
For grant recipient's exempt purposes
$223,500
EDUCATION
$137,950
Showing up to 5 of 78 total records — full history available with membership.
Officers & Directors
TRUSTEE
Ahmed Farag
TRUSTEE
Allan M Kaplan
Dean of College Counseling
Andrew Poska
TRUSTEE
Bancroft O'quinn Jr
TRUSTEE
Bruce W Anderson
TRUSTEE
Charles T Cooper
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $48.6M | $39.2M | $145.2M |
| 2024 | $38.1M | $36.3M | $139.2M |
| 2023 | $36.4M | $34.7M | $119.5M |
| 2022 | $34.8M | $34.1M | $113.4M |
| 2021 | $32.9M | $33.0M | $116.1M |
Between 2021 and 2025, reported annual revenue grew from $32.9M to $48.6M (+48%), with total assets most recently reported at $145.2M.
Interactive year-over-year charts and full filing details available with membership.