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LAKE FOREST ACADEMY

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Public IRS 990 nonprofit record

LAKE FOREST ACADEMY

EIN 36-2216167 · Education (B250)

What they do

LAKE FOREST ACADEMY STRIVES to EMBODY IN ITS PRACTICES - and to CULTIVATE IN ITS STUDENTS -EXCELLENCE of CHARACTER, SCHOLARSHIP, CITIZENSHIP, and RESPONSIBILITY.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $73.00 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 leaders44 people are listed in the latest report.

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

Money made simple

58.84%of revenue went to mission work73.0% of expenses · Program services
3.94%of revenue went to fundraising4.9% of expenses
$80.57spent for every $100 of revenueRevenue covered expenses this year.
17.79%of revenue went to management and office costs22.1% of expenses
$3.71in assets for every $1 spent this yearSome assets cannot be spent right away.
11.7%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 $417,850 for CHRISTOPHER O TENNYSON (HEAD OF SCHOOL). 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$48,593,311
Mission workProgram services$28,591,92858.84% of revenue73.0% of expenses
ManagementOffice and general costs$8,644,88617.79% of revenue22.1% of expenses
FundraisingAsking for donations$1,914,4213.94% of revenue4.9% of expenses
Revenue left after expensesReported annual surplus$9,442,07619.43% of revenueShown in gray on the chart
Total expenses$39,151,23580.57% 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: 73.0% mission · 22.1% management · 4.9% fundraisingTotal expenses: 80.57% of revenue
2023Expense mix: 74.9% mission · 20.2% management · 4.9% fundraisingTotal expenses: 95.44% of revenue
2022Expense mix: 74.6% mission · 19.9% management · 5.5% fundraisingTotal expenses: 95.28% of revenue
2021Expense mix: 74.9% mission · 18.8% management · 6.4% fundraisingTotal expenses: 98.03% of revenue
2020Expense mix: 72.9% mission · 22.0% management · 5.1% fundraisingTotal expenses: 100.25% of revenue
2019Expense mix: 72.8% mission · 21.0% management · 6.2% fundraisingTotal expenses: 97.28% of revenue
2018Expense mix: 70.3% mission · 23.6% management · 6.0% fundraisingTotal expenses: 95.97% of revenue
2017Expense mix: 74.5% mission · 19.2% management · 6.3% fundraisingTotal expenses: 91.44% of revenue

Money in and money out

Revenue$48,593,311
Expenses$39,151,235
Annual surplus $9,442,076 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)$28,591,928 · 73.0% of expenses
Management and office costs$8,644,886 · 22.1% of expenses
Fundraising$1,914,421 · 4.9% of expenses
See all reported dollar amounts
Revenue$48,593,311
Expenses$39,151,235
Assets$145,211,183
Income$77,376,578
Contributions$5,662,566
Mission work (program services)$28,591,928
Fundraising$1,914,421
Management and general$8,644,886
Stocks and bonds$52,616,860
Accounting fees$106,424
Investing fees$192,482
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
CHRISTOPHER O TENNYSONHEAD OF SCHOOL · 40 hrs/week $417,850Base $354,780 · Other $63,070
MICHAEL J REIDYCHIEF FINANCIAL OFFICER · 40 hrs/week $317,019Base $248,078 · Other $68,941
JOTHAM THOMAS JOHNSONHEAD OF SCHOOL · 40 hrs/week $276,573Base $223,410 · Other $53,163
GARRY SLOANVP FOR ADVANCEMENT · 40 hrs/week $264,963Base $203,250 · Other $61,713
NANCY M NASSRHEAD OF SCHOOL OFFICE · 40 hrs/week $247,225Base $194,088 · Other $53,137
DARRIN MADELEYATHLETIC DIRECTOR · 40 hrs/week $243,197Base $203,991 · Other $39,206
CHRISTOPHER KOZLOVDIRECTOR OF IT · 40 hrs/week $183,049Base $141,838 · Other $41,211
SUSAN A MAHONEYCOMPTROLLER · 60 hrs/week $181,561Base $134,622 · Other $46,939
ANDREW POSKADEAN OF COLLEGE COUNSELING · 40 hrs/week $180,118Base $137,245 · Other $42,873
RUTH KEYSODIRECTOR OF ADVANCEMENT · 40 hrs/week $176,375Base $136,970 · Other $39,405

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 (44)

CHRISTOPHER O TENNYSONHEAD OF SCHOOL

MICHAEL J REIDYCHIEF FINANCIAL OFFICER

JOTHAM THOMAS JOHNSONHEAD OF SCHOOL

GARRY SLOANVP FOR ADVANCEMENT

NANCY M NASSRHEAD OF SCHOOL OFFICE

DARRIN MADELEYATHLETIC DIRECTOR

CHRISTOPHER KOZLOVDIRECTOR OF IT

SUSAN A MAHONEYCOMPTROLLER

ANDREW POSKADEAN OF COLLEGE COUNSELING

RUTH KEYSODIRECTOR OF ADVANCEMENT

SCOTT MELOUNTRUSTEE

KRISTIN REYTRUSTEE

LESLIE ROSENTRUSTEE

MARGEAUX MCREYNOLDSTRUSTEE

MARIANNE SILVERTRUSTEE

MOLLY PEARSON CAMPBELLTRUSTEE

NED JESSENTRUSTEE

RICHARD ZHAOTRUSTEE

JOHN S MARLATTVICE CHAIR

SCOTT W KAESERTRUSTEE

SUZANNE ISENBERGTRUSTEE

THOMAS S WOODTRUSTEE

TODD E ALTOUNIANTRUSTEE

TOM HODGKINSTRUSTEE

XIONG YINTRUSTEE

ERIC BROWNTREASURER / TRUSTEE

ALLAN M KAPLANTRUSTEE

BANCROFT OQUINN JRTRUSTEE

BRUCE W ANDERSONTRUSTEE

CHARLES T COOPERTRUSTEE

DAVID GUPTATRUSTEE

DUANE C JACKSONTRUSTEE

EDWARD KOVASTRUSTEE

ELIZABETH ALICEATRUSTEE

EMILY SAMMONTRUSTEE

KATIE FREKKOTRUSTEE

FREDERICK WADDELLTRUSTEE

GLORIA W HARPERTRUSTEE

HAJI L GLOVERTRUSTEE

J PATRICK CORSIGLIATRUSTEE

JESSICA P DOUGLASCHAIR / TRUSTEE

JIM C COWARTTRUSTEE

AHMED FARAGTRUSTEE

KARIN FINKSECRETARY / TRUSTEE

About this charity

Recognized since
January 1957
Location
1500 W KENNEDY RD, LAKE FOREST, IL 60045-1047
County
Lake
In care of
% LAKE
Primary officer
J Thomas, Johnson

How to reach them

WebsiteVisit the charity’s website Phone(847) 615-3213

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
PLANTE & MORAN PLLC
NTEE classification
Education (B250)

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

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