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LAKE FOREST COLLEGE

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Public IRS 990 nonprofit record

LAKE FOREST COLLEGE

EIN 36-2167770 · Education (B420)

What they do

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 Masters Degrees Conferred. The College Had Approximately 1,250 Resident Students In The Residence Halls.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $89.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders50 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

84.61%of revenue went to mission work89.8% of expenses · Program services
1.44%of revenue went to fundraising1.5% of expenses
$94.18spent for every $100 of revenueRevenue covered expenses this year.
8.13%of revenue went to management and office costs8.6% of expenses
$1.85in assets for every $1 spent this yearSome assets cannot be spent right away.
24.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $736,020 for JILL BAREN (PRESIDENT (UNTIL 12/10/24)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$165,068,732
Mission workProgram services$139,659,48384.61% of revenue89.8% of expenses
ManagementOffice and general costs$13,422,7108.13% of revenue8.6% of expenses
FundraisingAsking for donations$2,377,2311.44% of revenue1.5% of expenses
Revenue left after expensesReported annual surplus$9,609,3085.82% of revenueShown in gray on the chart
Total expenses$155,459,42494.18% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 89.8% mission · 8.6% management · 1.5% fundraisingTotal expenses: 94.18% of revenue
2023Expense mix: 89.6% mission · 9.1% management · 1.3% fundraisingTotal expenses: 102.09% of revenue
2022Expense mix: 88.5% mission · 10.2% management · 1.3% fundraisingTotal expenses: 95.33% of revenue
2021Expense mix: 89.9% mission · 8.7% management · 1.5% fundraisingTotal expenses: 96.81% of revenue
2020Expense mix: 89.5% mission · 9.3% management · 1.2% fundraisingTotal expenses: 97.86% of revenue
2019Expense mix: 87.1% mission · 11.3% management · 1.7% fundraisingTotal expenses: 100.62% of revenue
2018Expense mix: 88.9% mission · 9.2% management · 2.0% fundraisingTotal expenses: 98.63% of revenue
2017Expense mix: 88.8% mission · 9.0% management · 2.2% fundraisingTotal expenses: 103.68% of revenue

Money in and money out

Revenue$165,068,732
Expenses$155,459,424
Annual surplus $9,609,308 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$139,659,483 · 89.8% of expenses
Management and office costs$13,422,710 · 8.6% of expenses
Fundraising$2,377,231 · 1.5% of expenses
See all reported dollar amounts
Revenue$165,068,732
Expenses$155,459,424
Assets$287,159,838
Income$173,326,190
Contributions$40,623,915
Mission work (program services)$139,659,483
Fundraising$2,377,231
Management and general$13,422,710
Stocks and bonds$70,954
Accounting fees$111,167
Investing fees$661,428
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JILL BARENPRESIDENT (UNTIL 12/10/24) · 50 hrs/week $736,020Base $709,690 · Other $26,330
LORI SUNDBERGVP FOR FINANCE/PLANNING; TREASURER · 50 hrs/week $295,540Base $281,169 · Other $14,371
CHRISTOPHER ELLERTSONVICE PRESIDENT FOR CAMPUS LIFE · 50 hrs/week $268,500Base $239,646 · Other $28,854
KATIE SUE SPIETHVP FOR ADVANCEMENT AND SECRETARY · 50 hrs/week $252,546Base $240,525 · Other $12,021
DAVIS SCHNEIDERMAN EXEC DIROF THE KREBS CENTER FOR HUMANITIES · 50 hrs/week $251,517Base $207,868 · Other $43,649
TARA NATARAJANPROVOST AND DEAN OF FACULTY · 50 hrs/week $229,633Base $185,474 · Other $44,159
JACQUELINE SLAATSVP FOR CAREER ADVANCEMENT/ATHLETICS · 50 hrs/week $221,713Base $196,406 · Other $25,307
RAVIKANT AGARWALCHIEF INFORMATION OFFICER · 50 hrs/week $206,497Base $184,936 · Other $21,561
RICHARD BARTOLOZZISENIOR DIRECTOR OF GIFT PLANNING · 50 hrs/week $190,008Base $164,900 · Other $25,108
JACQUELINE HOEFLERVP FOR MARKETING AND COMMUNICATION · 50 hrs/week $181,276Base $149,033 · Other $32,243
JANET MCCRACKENPROFESSOR OF PHILOSOPHY · 50 hrs/week $167,431Base $143,840 · Other $23,591
GERARD CEBRZYNSKISENIOR ASSOCIATE VP OF FINANCE · 50 hrs/week $160,995Base $137,804 · Other $23,191

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (50)

JILL BARENPRESIDENT (UNTIL 12/10/24)

LORI SUNDBERGVP FOR FINANCE/PLANNING; TREASURER

CHRISTOPHER ELLERTSONVICE PRESIDENT FOR CAMPUS LIFE

KATIE SUE SPIETHVP FOR ADVANCEMENT AND SECRETARY

DAVIS SCHNEIDERMAN EXEC DIROF THE KREBS CENTER FOR HUMANITIES

TARA NATARAJANPROVOST AND DEAN OF FACULTY

JACQUELINE SLAATSVP FOR CAREER ADVANCEMENT/ATHLETICS

RAVIKANT AGARWALCHIEF INFORMATION OFFICER

RICHARD BARTOLOZZISENIOR DIRECTOR OF GIFT PLANNING

JACQUELINE HOEFLERVP FOR MARKETING AND COMMUNICATION

JANET MCCRACKENPROFESSOR OF PHILOSOPHY

GERARD CEBRZYNSKISENIOR ASSOCIATE VP OF FINANCE

DEJURAN RICHARDSONPROFESSOR OF MATHEMATICS

KEVIN HOWLEY VP FOR FINANCEAND INSTITUTION (UNTIL 5/23/25)

WILLIAM G BROWNTRUSTEE

SUSAN DUMONT 07TRUSTEE

M MERCEDES BADIA-TAVASTRUSTEE

WILLIAM CONNELL M 17TRUSTEE

MARISUE LACHER P 22VICE CHAIRMAN

MARK W SHADLE 84TRUSTEE

MARTINO R MOORE 99TRUSTEE

MICHAEL ABELLOTRUSTEE

WILLIAM A LOWRY 84CHAIRMAN

RANDALL S LAUER 81 P 19TRUSTEE

VICKI ANGEL HAGAN 88TRUSTEE

K SCOTT MELOUN 81TRUSTEE

ROBERT CRAWFORD JRTRUSTEE

ROBERT D KREBSINTERIM PRESIDENT

ROBERT S MURLEYTRUSTEE

SEAN W THOMAS 81TRUSTEE

STEPHEN C STRELSINTRUSTEE (UNTIL 5/31/25)

DR SHAO-LEE LINTRUSTEE

CHARLES M BRENNAN III P 9092, TRUSTEE

CLAUDIA WYATT-JOHNSON 69TRUSTEE

CRAIG OMTVEDTTRUSTEE

CRISTEN KOGL 88TRUSTEE

DAVID F GORTER 80TRUSTEE

DEVON C BRUCETRUSTEE

DIANA MOORETRUSTEE

DONI FORDYCE-URFIRER 81TRUSTEE

DR ANGELIQUE L RICHARD 85TRUSTEE

LISA SMITH P23TRUSTEE

EARL J BARNES II 86 P 24SECRETARY

EDWARD WHIPPLE INTERIM VP& DEAN OF STUDENTS (UNTIL 5/31/25)

GEOFFREY M CURTIS 97TRUSTEE

JESSICA Q COLEMAN 89TRUSTEE

JOANNE STORKAN P 10TRUSTEE

JOHN D CARRUTHERS 78TRUSTEE

ALEXANDER D STUARTTRUSTEE

KAREN F FROST 88TRUSTEE

About this charity

Recognized since
January 1934
Location
555 N SHERIDAN RD, LAKE FOREST, IL 60045-2338
County
Lake
In care of
% ROBERT KREBS
Primary officer
Randy Barfield, Interim VP of Finance

How to reach them

WebsiteVisit the charity’s website Phone(847) 234-3100

Filing and classification

Latest tax year
2024
Tax period began
June 1, 2024
Return type
990
Tax preparer
RSM US LLP
NTEE classification
Education (B420)

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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