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Filing year 2023

Lake Forest Graduate School of Management

Lake Forest, Illinois·EIN 23-7013253·501(c)(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 · Part VII & Schedule J · 10 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President & CEO
Above 90th percentile
$344k
$381k
Base
$317k
Bonus
Other
$2k
Benefits
$20k
Bus Dev Director
Highest Compensated Employee
75th to 90th percentile
$312k
$345k
Base
$77k
Bonus
$199k
Other
$438
Benefits
$32k
Sr VP Center for Leadership
Vice President
Above 90th percentile
$279k
$309k
Base
$238k
Bonus
Other
$1k
Benefits
$32k
Vice President, Business Development & Operations/business Faculty Leader
Board Vice President
75th to 90th percentile
$275k
$305k
Base
$215k
Bonus
$30k
Other
$414
Benefits
$27k
Business Dev Director
Highest Compensated Employee
75th to 90th percentile
$270k
$299k
Base
$94k
Bonus
$142k
Other
$298
Benefits
$31k
VP Finance & CFO
75th to 90th percentile
$247k
$274k
Base
$214k
Bonus
Other
$1k
Benefits
$25k
Director Leadership Solutions
Highest Compensated Employee
25th percentile to median
$151k
$167k
Base
$136k
Bonus
Other
$414
Benefits
$11k
Sr Director, Marketing Operations
Median to 75th percentile
$146k
$162k
Director / Faculty
Board Member
75th to 90th percentile
$61k
$68k
Trustee / Board Chair / Faculty
Board Chair
Below 10th percentile
$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.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

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.

Pay for the position

Chief Executive Officer pay fell 15% from 2022 to 2023, while revenue fell 14%.

$402k in 2022 to $344k in 2023.
  • Highest Compensated Employee pay rose 17% from 2022 to 2023.
  • Vice President pay fell 1% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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.
FAQ

Common questions about Lake Forest Graduate School of Management

What does the Chief Executive Officer of Lake Forest Graduate School of Management earn?

In 2023, the Chief Executive Officer of Lake Forest Graduate School of Management received $343,607 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Lake Forest Graduate School of Management compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at Lake Forest Graduate School of Management falls in the top 10%.

What are Lake Forest Graduate School of Management's revenue and expenses?

In 2023, Lake Forest Graduate School of Management reported $6.9M in total revenue and $9.4M in total expenses on its IRS Form 990.

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