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Filing year 2023

Lake Forest Graduate School of Management

Lake Forest, Illinois·EIN 23-7013253·3
Total revenue
$6.9M
Total assets
$14.6M
Total expenses
$9.4M
Reported officers
19
Mission

Lake Forest Graduate School of Management's mission is to bring the real world to business education and leadership development.

Executive compensation, broken down

Form 990 · Schedule J · 10 reported individuals · Filing year 2023

$344k
$381k
Base
$317k
Bonus
Other
$2k
Benefits
$20k
Bus Dev Director
highest compensated employee
$312k
$345k
Base
$77k
Bonus
$199k
Other
$438
Benefits
$32k
Sr VP Center for Leadership
vice president
$279k
$309k
Base
$238k
Bonus
Other
$1k
Benefits
$32k
Vice President, Business Development & Operations/business Faculty Leader
vice president
$275k
$305k
Base
$215k
Bonus
$30k
Other
$414
Benefits
$27k
Business Dev Director
highest compensated employee
$270k
$299k
Base
$94k
Bonus
$142k
Other
$298
Benefits
$31k
VP Finance & CFO
$247k
$274k
Base
$214k
Bonus
Other
$1k
Benefits
$25k
Director Leadership Solutions
highest compensated employee
$151k
$167k
Base
$136k
Bonus
Other
$414
Benefits
$11k
Sr Director, Marketing Operations
$146k
$162k
Director / Faculty
board member
$61k
$68k
Trustee / Board Chair / Faculty
board chair
$500
$554

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 9 unpaid individuals.

Down 15%
from 2022

From $402k in 2022 to $344k in 2023.

$402k
2022
$344k
2023
In today's dollarsEst.
Down 17% in real terms$460k to $381k

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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Lake Forest Graduate School of Management reported revenue and expenses across 2 filing years.

RevenueExpenses
$8M
$9.3M
2022
$6.9M
$9.4M
2023
Total revenue and total expenses from IRS Form 990 filings.
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