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Filing year 2023

Lake Park Associates Inc

Chicago, Illinois·EIN 36-6111317·501(c)(2)
Total revenue
$7.3M
Total assets
$81.5M
Total expenses
$10.1M
Reported officers
8
Mission

Lake Park Associates acquires, sells, holds, manages and leases real property for the benefit of The University of Chicago.

Executive compensation

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2023

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

VP & Secretary
Vice President
75th to 90th percentile
$208k
$230k
Vice President
Median to 75th percentile
$67k
$74k
President
25th percentile to median
$63k
$70k
VP & Treasurer
Vice President
Median to 75th percentile
$59k
$66k
Director
Board Member
Median to 75th percentile
$42k
$47k
Director
Board Member
Median to 75th percentile
$39k
$43k
President
10th to 25th percentile
$38k
$42k
Asst Secretary
Secretary (Operational)
Median to 75th percentile
$24k
$26k

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.

Top compensation, year by year

From $64k in 2022 to $208k in 2023.

$64k
2022
$208k
2023
In today's dollarsEst.
Up 212% in real terms$74k to $230k

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

Vice President pay rose 222% from 2022 to 2023, while revenue fell 21%.

$64k in 2022 to $208k in 2023.
  • Chief Executive Officer pay rose 24% from 2022 to 2023.
  • Board Member pay rose 7% 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 Park Associates Inc reported revenue and expenses across 2 filing years.

RevenueExpenses
$9.2M
$8.7M
2022
$7.3M
$10.1M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about Lake Park Associates Inc

What does the Vice President of Lake Park Associates Inc earn?

In 2023, the Vice President of Lake Park Associates Inc received $207,793 in total compensation. This pay is in the top quarter for Vice President roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Vice President pay at Lake Park Associates Inc compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Vice President at Lake Park Associates Inc falls between the 75th and 90th percentiles.

What are Lake Park Associates Inc's revenue and expenses?

In 2023, Lake Park Associates Inc reported $7.3M in total revenue and $10.1M in total expenses on its IRS Form 990.

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