Lake Forest College

Organization Overview

Lake Forest College is located in Lake Forest, IL. The organization was established in 1934. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Lake Forest College employed 1,240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Forest College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 05/2021, Lake Forest College generated $111.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $109.1m during the year ending 05/2021. While expenses have increased by 2.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LAKE FOREST COLLEGE IS A NATIONAL RESIDENTIAL LIBERAL ARTS COLLEGE, ACCREDITED BY THE NORTH CENTRAL ASSOCIATION OF COLLEGES AND SCHOOLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTRUCTION AND RESEARCH INCLUDES EXPENSES FOR ALL ACTIVITIES THAT ARE PART OF THE INSTRUCTIONAL PROGRAM AND FOR ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH.


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.


AUXILIARY ENTERPRISES INCLUDE EXPENSES RELATING TO THE OPERATION OF THE AUXILIARY ACTIVITIES SUCH AS HOUSING, DINING SERVICES, AND PARKING.


STUDENT SERVICES INCLUDES ATHLETICS, COUNSELING, ADMISSIONS, FINANCIAL AID SERVICES, HEALTH SERVICES, INTERCULTURAL PROGRAMMING AND CAREER DEVELOPMENT FOR ALL STUDENTS. RESIDENTIAL LIFE PROGRAMMING IS PROVIDED FOR STUDENTS LIVING ON CAMPUS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Parkhurst Dining
Campus Food Services
$6,221,123
Grummanbutkus Associates
Construction Services
$341,640
Aramark Custodial Corporation
Custodial Services
$1,878,584
Pepper Construction Inc
Construction Services
$5,462,750
Air Con Refrigeration & Heating
Construction And Maintenance Services
$518,693
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $5,528,017
All other contributions, gifts, grants, and similar amounts not included above$20,246,451
Noncash contributions included in lines 1a–1f $7,952,625
Total Revenue from Contributions, Gifts, Grants & Similar$25,774,468
Total Program Service Revenue$84,141,726
Investment income $79,411
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $487,881
Net Gain/Loss on Asset Sales $844,061
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $111,531,265

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Lake Forest College has recieved totaling $1,750.

Awarding OrganizationAmount
Jean And Cameron Brown Foundation

Lake Forest, IL

PURPOSE: GENERAL SUPPORT

$1,500
Lubetkin Family Foundation

Winnetka, IL

PURPOSE: EDUCATION

$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$104,553,727
Earnings-$5,687,521
Net Contributions$11,824,099
Other Expense$3,507,969
Grants$1,892,031
Ending Balance$105,290,305

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$205,202,087
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$140,965,442
Campbellsville University Inc
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$142,326,474
Luther College
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$125,968,312

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