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 1,796 undergraduate students and 26 graduate students with 145 full time faculty. Bachelor of arts degrees conferred were 426 during the year, with 16 master's degrees conferred. The College had approximately 1,250 resident students in the residence halls.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 17 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in Illinois.
- Base
- $480k
- Bonus
- —
- Other
- $66k
- Benefits
- $5k
- Base
- $19k
- Bonus
- —
- Other
- $278k
- Benefits
- $1k
- Base
- $217k
- Bonus
- —
- Other
- $52k
- Benefits
- $12k
- Base
- $197k
- Bonus
- —
- Other
- $33k
- Benefits
- $24k
- Base
- $228k
- Bonus
- —
- Other
- $4k
- Benefits
- $12k
- Base
- $172k
- Bonus
- —
- Other
- $27k
- Benefits
- $31k
- Base
- $190k
- Bonus
- —
- Other
- $1k
- Benefits
- $9k
- Base
- $72k
- Bonus
- —
- Other
- $114k
- Benefits
- $6k
- Base
- $173k
- Bonus
- —
- Other
- $375
- Benefits
- $7k
- Base
- $160k
- Bonus
- —
- Other
- $1k
- Benefits
- $7k
- Base
- $115k
- Bonus
- —
- Other
- $45k
- Benefits
- $10k
- Base
- $139k
- Bonus
- —
- Other
- $3k
- Benefits
- $14k
- Base
- $12k
- Bonus
- —
- Other
- $149k
- Benefits
- $1k
- Base
- $134k
- Bonus
- —
- Other
- $12k
- Benefits
- $7k
- Base
- $133k
- Bonus
- —
- Other
- $4k
- Benefits
- $7k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President Above 90th percentile | $480k | — | $66k | $5k | $574k $636k |
Former VP for Advancement/secretary Board Vice President 75th to 90th percentile | $19k | — | $278k | $1k | $300k $333k |
VP for Finance/planning; Treasurer Vice President 75th to 90th percentile | $217k | — | $52k | $12k | $296k $328k |
President (until 6/30/23) 75th to 90th percentile | $197k | — | $33k | $24k | $269k $298k |
Vice President for Enrollment Vice President Median to 75th percentile | $228k | — | $4k | $12k | $260k $288k |
Provost and Dean of Faculty Officer (Unspecified) | $172k | — | $27k | $31k | $243k $269k |
VP for Career Advancement/athletics Vice President Median to 75th percentile | $190k | — | $1k | $9k | $214k $237k |
Associate Professor (until 8/31/23) Highest Compensated Employee Median to 75th percentile | $72k | — | $114k | $6k | $199k $220k |
Chief Information Officer Median to 75th percentilevs Education peers nationwide | $173k | — | $375 | $7k | $194k $214k |
Senior Director of Gift Planning Highest Compensated Employee Median to 75th percentile | $160k | — | $1k | $7k | $181k $200k |
Vp/dean of Students (until 7/31/23) Officer (Unspecified) | $115k | — | $45k | $10k | $179k $198k |
VP for Marketing and Communication Board Vice President 25th percentile to median | $139k | — | $3k | $14k | $168k $186k |
Former Dir of Facilities Management Former Officer/director/trustee 25th percentile to medianvs Education peers nationwide | $12k | — | $149k | $1k | $164k $181k |
Professor of Mathematics Highest Compensated Employee Median to 75th percentile | $134k | — | $12k | $7k | $163k $181k |
Professor of Philosophy Highest Compensated Employee 25th percentile to median | $133k | — | $4k | $7k | $155k $172k |
VP for Advancement and Secretary Vice President 25th percentile to median | — | — | — | — | $128k $142k |
Provost and Dean of Faculty Officer (Unspecified) | — | — | — | — | $98k $109k |
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 35 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at Lake Forest College equaled 0.4% 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 11%
from 2022
From $518k in 2022 to $574k 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 Executive Officer pay rose 11% from 2022 to 2023, while revenue rose 1%.
- Board Vice President pay rose 43% from 2022 to 2023.
- Vice President pay rose 17% 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 College
What does the Chief Executive Officer of Lake Forest College earn?
In 2023, the Chief Executive Officer of Lake Forest College received $573,857 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in Illinois: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at Lake Forest College compare with similar nonprofits?
Compared with the same role at Education organizations in Illinois, the 2023 pay of the Chief Executive Officer at Lake Forest College falls in the top 10%. In 2023, the highest total compensation at Lake Forest College equaled 0.4% of the organization's total expenses. The median for education organizations is 7%.
What are Lake Forest College's revenue and expenses?
In 2023, Lake Forest College reported $141.5M in total revenue and $144.5M in total expenses on its IRS Form 990.
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