Lake Forest College

Interesting data from their 2020 990 filing

The filing reveals the mission of the non-profit as “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 north central association of schools, and had 1,524 full time equivalent students in the undergraduate level with 127 full time faculty. bachelor of arts degrees conferred were 356 during the year, with 10 master's degrees conferred. the college had approximately 1,100 resident students in the residence halls.”.

When detailing its functions, they were listed as: “Lake forest college is a national residential liberal arts college, accredited by the north central association of colleges and schools.”.

• According to the law, the state where the non-profit operates has been reported as IL.
• The filing specifies that the non-profit's address in 2020 was 555 North Sheridan Road, Lake Forest, IL, 600452399.
• As of 2020, the non-profit's form shows they have a total of 1556 employees.
• Does not operate a hospital.
• Operates a school.
• Collects art.
• Does not provide credit counseling.
• Does not have foreign activities.
• Is not a donor advised fund.
• Is not a private foundation.
• Expenses are greater than $1,000,000.
• Revenue is greater than $1,000,000.
• Revenue less expenses is $1,435,387.
• The CEO compensation scheme within the organization is based on a review and endorsement process by a neutral entity.
• The organization has a written policy that describes how long it will retain documents.
• The organization has 29 independent voting members.
• The organization was formed in 1857.
• The organization has a written policy that addresses conflicts of interest.
• The organization is required to file Schedule B.
• The organization is required to file Schedule J.
• The organization is required to file Schedule O.
• The organization engages in lobbying activities.
• The organization pays $32,090,471 in salary, compensation, and benefits to its employees.
• The organization pays $2,017,104 in fundraising expenses.
• The organization provides Form 990 to its governing body.
• The organization pays grants to individuals.
• The organization has minutes of its meetings.
• The organization has a written whistleblower policy.
• The organization's financial statements were reviewed by an accountant.