LAKE FOREST ACADEMY STRIVES TO EMBODY IN ITS PRACTICES - AND TO CULTIVATE IN ITS STUDENTS - EXCELLENCE OF CHARACTER, SCHOLARSHIP, CITIZENSHIP, AND RESPONSIBILITY.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 9 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in Illinois.
- Base
- $339k
- Bonus
- $50k
- Other
- $12k
- Benefits
- $43k
- Base
- $239k
- Bonus
- —
- Other
- —
- Benefits
- $21k
- Base
- $177k
- Bonus
- $25k
- Other
- —
- Benefits
- $26k
- Base
- $184k
- Bonus
- $600
- Other
- —
- Benefits
- $19k
- Base
- $110k
- Bonus
- $84k
- Other
- —
- Benefits
- $13k
- Base
- $137k
- Bonus
- $750
- Other
- —
- Benefits
- $19k
- Base
- $130k
- Bonus
- —
- Other
- —
- Benefits
- $19k
- Base
- $132k
- Bonus
- $5k
- Other
- —
- Benefits
- $12k
- Base
- $133k
- Bonus
- $4k
- Other
- —
- Benefits
- $15k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Head of School Officer (Unspecified) | $339k | $50k | $12k | $43k | $483k $535k |
Chief Financial Officer 75th to 90th percentile | $239k | — | — | $21k | $285k $315k |
VP for Advancement Board Vice President Median to 75th percentile | $177k | $25k | — | $26k | $246k $273k |
Head of School Office Key Employee Median to 75th percentile | $184k | $600 | — | $19k | $222k $246k |
Athletic Director Highest Compensated Employee 75th to 90th percentile | $110k | $84k | — | $13k | $221k $245k |
Director of IT Chief Information Officer 25th percentile to medianvs Education peers nationwide | $137k | $750 | — | $19k | $170k $188k |
Comptroller Controller Median to 75th percentilevs Education peers nationwide | $130k | — | — | $19k | $165k $183k |
Director of Advancement Highest Compensated Employee Median to 75th percentile | $132k | $5k | — | $12k | $165k $182k |
Head of School Highest Compensated Employee Median to 75th percentile | $133k | $4k | — | $15k | $165k $182k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 34 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at LAKE FOREST ACADEMY equaled 1% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 25%
from 2022
From $386k in 2022 to $483k in 2023.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Financial Officer pay rose 5% from 2022 to 2023, while revenue rose 5%.
- Board Vice President pay fell 3% from 2022 to 2023.
- Key Employee pay rose 6% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about LAKE FOREST ACADEMY
What does the Chief Financial Officer of LAKE FOREST ACADEMY earn?
In 2023, the Chief Financial Officer of LAKE FOREST ACADEMY received $284,702 in total compensation. This pay is in the top quarter for Chief Financial Officer roles among Education organizations in Illinois, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Financial Officer pay at LAKE FOREST ACADEMY compare with similar nonprofits?
Compared with the same role at Education organizations in Illinois, the 2023 pay of the Chief Financial Officer at LAKE FOREST ACADEMY falls between the 75th and 90th percentiles. In 2023, the highest total compensation at LAKE FOREST ACADEMY equaled 1% of the organization's total expenses. The median for education organizations is 7%.
What are LAKE FOREST ACADEMY's revenue and expenses?
In 2023, LAKE FOREST ACADEMY reported $38.1M in total revenue and $36.3M in total expenses on its IRS Form 990.
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