Liabilities / Assets
39th percentile
Higher debt load relative to assets than 39% of similar nonprofits.
EIN 36-2167770 • 501(c)3 • Lake Forest, IL
Profile
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 56 educational and support buildings. The College is accredited by the North Central Association of Schools, and had 1,583 full time equivalent students in the undergraduate level with 125 full time equivalent faculty. Bachelor of Arts degrees conferred were 348 during the year, with 12 Master's degrees were conferred. The College had approximately 1,130 resident students in the residence halls.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
39th percentile
Higher debt load relative to assets than 39% of similar nonprofits.
Liabilities / Revenue
38th percentile
Higher debt load relative to revenue than 38% of similar nonprofits.
Net Margin
55th percentile
Higher net margin than 55% of similar nonprofits.
Top Officer Pay
45th percentile
Higher top officer pay than 45% of similar nonprofits.
Top officer pay equals 0.4% of source-year revenue.
Asset Growth
53rd percentile
Faster asset growth than 53% of similar nonprofits.
Revenue Growth
70th percentile
Faster revenue growth than 70% of similar nonprofits.
Using 2024 Form 990 data because the latest 2025 filing does not report standard financial totals.
Assets
Up$269,045,907
Up $7,097,889 (+2.7%) from 2023
Liabilities
Down$57,413,941
Down $1,721,856 (-2.9%) from 2023
Net Assets
Up$211,631,966
Up $8,819,745 (+4.3%) from 2023
Revenue
Up$141,545,403
Up $1,044,279 (+0.7%) from 2023
Expenses
Up$144,507,496
Up $10,568,655 (+7.9%) from 2023
Net Income
Down-$2,962,093
Down $9,524,376 (-145%) from 2023
Most recent year
2025 • Form 990TFacts available. Structured filing facts are available, but richer extracted sections are limited.
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.
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS1120ScheduleD/CapitalGainNetIncomeAmt | 0 | 263796 |
| IRS1120ScheduleD/DisposeInvestmentQOFInd | 0 | 0 |
| IRS1120ScheduleD/ExcNetSTGainOverNetLTLossAmt | 0 | 8301 |
| IRS1120ScheduleD/Form4797GainOrLossAmt | 0 | 228220 |
| IRS1120ScheduleD/NetCapitalGainAmt | 0 | 255495 |
| IRS1120ScheduleD/NetLTCapitalGainOrLossAmt | 0 | 255495 |
| IRS1120ScheduleD/NetSTCapitalGainOrLossAmt | 0 | 8301 |
| IRS1120ScheduleD/TotalLTCGL1099BNotReceivedGrp/TotalGainOrLossAmt | 0 | 27275 |
| IRS1120ScheduleD/TotalSTCGL1099BNotReceivedGrp/TotalGainOrLossAmt | 0 | 8301 |
| IRS8949/LongTermCapitalGainAndLossGrp/CapitalGainAndLossAssetGrp/GainOrLossAmt | 0 | 27275 |
| IRS8949/LongTermCapitalGainAndLossGrp/CapitalGainAndLossAssetGrp/PropertyDesc | 0 | LFC Investment Holdings, LP |
| IRS8949/LongTermCapitalGainAndLossGrp/TotalGainOrLossAmt | 0 | 27275 |
| IRS8949/LongTermCapitalGainAndLossGrp/TransactionsNotRptedOn1099BInd | 0 | X |
| IRS8949/ShortTermCapitalGainAndLossGrp/CapitalGainAndLossAssetGrp/GainOrLossAmt | 0 | 8301 |
| IRS8949/ShortTermCapitalGainAndLossGrp/CapitalGainAndLossAssetGrp/PropertyDesc | 0 | LFC Investment Holdings, LP |
| IRS8949/ShortTermCapitalGainAndLossGrp/TotalGainOrLossAmt | 0 | 8301 |
| IRS8949/ShortTermCapitalGainAndLossGrp/TransactionsNotRptedOn1099BInd | 0 | X |
| IRS990T/AvlblPre2018NOLCarryoverAmt | 0 | 180088 |
| IRS990T/BooksInCareOfDetail/PersonNm | 0 | Alton J Rodino |
| IRS990T/BooksInCareOfDetail/PhoneNum | 0 | 8472343100 |
| IRS990T/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 555 N Sheridan Rd |
| IRS990T/BooksInCareOfDetail/USAddress/CityNm | 0 | Lake Forest |
| IRS990T/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990T/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 600452399 |
| IRS990T/BookValueAssetsEOYAmt | 0 | 287159838 |
| IRS990T/CharitableContributionsDedAmt | 0 | 0 |
| IRS990T/ForeignAccountsQuestionInd | 0 | 0 |
| IRS990T/ForeignTrustQuestionInd | 0 | 0 |
| IRS990T/Form990TScheduleAAttachedCnt | 0 | 4 |
| IRS990T/ItmzdSupplementalInfoGrp/ExplanationTxt | 0 | Section 1.263(a)-1(f) De Minimis Safe Harbor ElectionFor the Year Ending May 31, 2025Lake Forest College is making the de minimis safe harbor election under Reg. Sec. 1.263(a)-1(f). |
| IRS990T/ItmzdSupplementalInfoGrp/LineNum | 0 | Line 1 |
| IRS990T/ItmzdSupplementalInfoGrp/PartNum | 0 | Part V |
| IRS990T/NetOperatingLossDeductionAmt | 0 | 148432 |
| IRS990T/Organization501cCorporationInd | 0 | X |
| IRS990T/Organization501IndicatorGrp/Organization501cTypeTxt | 0 | c3 |
| IRS990T/Organization501IndicatorGrp/Organization501Ind | 0 | X |
| IRS990T/OtherTaxesAmt | 0 | 0 |
| IRS990T/OverpaymentSection/AppliedToESTaxAmt | 0 | 25000 |
| IRS990T/OverpaymentSection/OverpaymentAmt | 0 | 25000 |
| IRS990T/OverpaymentSection/RefundAmt | 0 | 0 |
| IRS990T/PaidTaxLiabilityAmt | 0 | 0 |
| IRS990T/Post2017NOLCarryoverGrp/AvlblPost2017NOLCarryoverAmt | 0 | 156188 |
| IRS990T/Post2017NOLCarryoverGrp/AvlblPost2017NOLCarryoverAmt | 1 | 35760 |
| IRS990T/Post2017NOLCarryoverGrp/AvlblPost2017NOLCarryoverAmt | 2 | 446973 |
| IRS990T/Post2017NOLCarryoverGrp/PrincipalBusinessActivityCd | 0 | 721000 |
| IRS990T/Post2017NOLCarryoverGrp/PrincipalBusinessActivityCd | 1 | 320000 |
| IRS990T/Post2017NOLCarryoverGrp/PrincipalBusinessActivityCd | 2 | 710000 |
| IRS990T/PriorYearOverpaymentCreditAmt | 0 | 25000 |
| IRS990TScheduleA/AdditionalSection263ACostsAmt | 0 | 0 |
| IRS990TScheduleA/BeginningOfYearInventoryAmt | 0 | 1163 |
| IRS990TScheduleA/CapitalGainNetIncomeAmt | 0 | 263796 |
| IRS990TScheduleA/CostOfGoodsSoldAmt | 0 | 18974 |
| IRS990TScheduleA/CostOfLaborAmt | 0 | 8966 |
| IRS990TScheduleA/EndOfYearInventoryAmt | 0 | 0 |
| IRS990TScheduleA/GrossProfitAmt | 0 | -7412 |
| IRS990TScheduleA/GrossReceiptsOrSalesAmt | 0 | 11562 |
| IRS990TScheduleA/InterestDeductionAmt | 0 | 50188 |
| IRS990TScheduleA/NetGrossReceiptsOrSalesAmt | 0 | 11562 |
| IRS990TScheduleA/NetOperatingLossDeductionAmt | 0 | 0 |
| IRS990TScheduleA/NetOperatingLossDeductionAmt | 1 | 0 |
| IRS990TScheduleA/NetOperatingLossDeductionAmt | 2 | 0 |
| IRS990TScheduleA/NetOperatingLossDeductionAmt | 3 | 0 |
| IRS990TScheduleA/OtherCostsAmt | 0 | 7990 |
| IRS990TScheduleA/OtherDeductionsAmt | 0 | 132409 |
| IRS990TScheduleA/OtherDeductionsAmt | 1 | 911552 |
| IRS990TScheduleA/OtherDeductionsAmt | 2 | 16900 |
| IRS990TScheduleA/OtherIncomeAmt | 0 | 77260 |
| IRS990TScheduleA/OtherIncomeAmt | 1 | 365765 |
| IRS990TScheduleA/OthInventoryValuationMethodCd | 0 | OTHER APPROVED METHOD |
| IRS990TScheduleA/PrincipalBusinessActivityCd | 0 | 721000 |
| IRS990TScheduleA/PrincipalBusinessActivityCd | 1 | 320000 |
| IRS990TScheduleA/PrincipalBusinessActivityCd | 2 | 710000 |
| IRS990TScheduleA/PrincipalBusinessActivityCd | 3 | 900001 |
| IRS990TScheduleA/PurchasesAmt | 0 | 855 |
| IRS990TScheduleA/Section263ARulesApplyInd | 0 | 0 |
| IRS990TScheduleA/SequenceReferenceNum | 0 | 1 |
| IRS990TScheduleA/SequenceReferenceNum | 1 | 2 |
| IRS990TScheduleA/SequenceReferenceNum | 2 | 3 |
| IRS990TScheduleA/SequenceReferenceNum | 3 | 4 |
| IRS990TScheduleA/SequenceTotalNum | 0 | 4 |
| IRS990TScheduleA/SequenceTotalNum | 1 | 4 |
| IRS990TScheduleA/SequenceTotalNum | 2 | 4 |
| IRS990TScheduleA/SequenceTotalNum | 3 | 4 |
| IRS990TScheduleA/TaxesAndLicensesAmt | 0 | 44789 |
| IRS990TScheduleA/TotalAllocableDeductionsAmt | 0 | 0 |
| IRS990TScheduleA/TotalAllocableDeductionsAmt | 1 | 0 |
| IRS990TScheduleA/TotalAllocableDeductionsAmt | 2 | 0 |
| IRS990TScheduleA/TotalAllocableDeductionsAmt | 3 | 0 |
| IRS990TScheduleA/TotalCostGoodsSoldAmt | 0 | 18974 |
| IRS990TScheduleA/TotalCtrlOrgDeductionAmt | 0 | 0 |
| IRS990TScheduleA/TotalCtrlOrgDeductionAmt | 1 | 0 |
| IRS990TScheduleA/TotalCtrlOrgDeductionAmt | 2 | 0 |
| IRS990TScheduleA/TotalCtrlOrgDeductionAmt | 3 | 0 |
| IRS990TScheduleA/TotalCtrlOrgPymtGrossIncmAmt | 0 | 0 |
| IRS990TScheduleA/TotalCtrlOrgPymtGrossIncmAmt | 1 | 0 |
| IRS990TScheduleA/TotalCtrlOrgPymtGrossIncmAmt | 2 | 0 |
| IRS990TScheduleA/TotalCtrlOrgPymtGrossIncmAmt | 3 | 0 |
| IRS990TScheduleA/TotalDeductionsAmt | 0 | 132409 |
| IRS990TScheduleA/TotalDeductionsAmt | 1 | 0 |
| IRS990TScheduleA/TotalDeductionsAmt | 2 | 911552 |
| IRS990TScheduleA/TotalDeductionsAmt | 3 | 111877 |
| IRS990TScheduleA/TotalDeductionSetAsidesAmt | 0 | 0 |
| IRS990TScheduleA/TotalDeductionSetAsidesAmt | 1 | 0 |
| IRS990TScheduleA/TotalDeductionSetAsidesAmt | 2 | 0 |
| IRS990TScheduleA/TotalDeductionSetAsidesAmt | 3 | 0 |
| IRS990TScheduleA/TotalDirectAdvertisingCostAmt | 0 | 0 |
| IRS990TScheduleA/TotalDirectAdvertisingCostAmt | 1 | 0 |
| IRS990TScheduleA/TotalDirectAdvertisingCostAmt | 2 | 0 |
| IRS990TScheduleA/TotalDirectAdvertisingCostAmt | 3 | 0 |
| IRS990TScheduleA/TotalDividendsReceivedDedAmt | 0 | 0 |
| IRS990TScheduleA/TotalDividendsReceivedDedAmt | 1 | 0 |
| IRS990TScheduleA/TotalDividendsReceivedDedAmt | 2 | 0 |
| IRS990TScheduleA/TotalDividendsReceivedDedAmt | 3 | 0 |
| IRS990TScheduleA/TotalGrossAdvertisingIncomeAmt | 0 | 0 |
| IRS990TScheduleA/TotalGrossAdvertisingIncomeAmt | 1 | 0 |
| IRS990TScheduleA/TotalGrossAdvertisingIncomeAmt | 2 | 0 |
| IRS990TScheduleA/TotalGrossAdvertisingIncomeAmt | 3 | 0 |
| IRS990TScheduleA/TotalGrossDebtFinancedIncmAmt | 0 | 0 |
| IRS990TScheduleA/TotalGrossDebtFinancedIncmAmt | 1 | 0 |
| IRS990TScheduleA/TotalGrossDebtFinancedIncmAmt | 2 | 0 |
| IRS990TScheduleA/TotalGrossDebtFinancedIncmAmt | 3 | 0 |
| IRS990TScheduleA/TotalInvestmentIncomeAmt | 0 | 0 |
| IRS990TScheduleA/TotalInvestmentIncomeAmt | 1 | 0 |
| IRS990TScheduleA/TotalInvestmentIncomeAmt | 2 | 0 |
| IRS990TScheduleA/TotalInvestmentIncomeAmt | 3 | 0 |
| IRS990TScheduleA/TotalPrtshpSCorpIncomeAmt | 0 | -3487 |
| IRS990TScheduleA/TotalRentDeductionsAmt | 0 | 0 |
| IRS990TScheduleA/TotalRentDeductionsAmt | 1 | 0 |
| IRS990TScheduleA/TotalRentDeductionsAmt | 2 | 0 |
| IRS990TScheduleA/TotalRentDeductionsAmt | 3 | 0 |
| IRS990TScheduleA/TotalRentIncomeAmt | 0 | 0 |
| IRS990TScheduleA/TotalRentIncomeAmt | 1 | 0 |
| IRS990TScheduleA/TotalRentIncomeAmt | 2 | 0 |
| IRS990TScheduleA/TotalRentIncomeAmt | 3 | 0 |
| IRS990TScheduleA/TotalUnrelatedBusinessCompAmt | 0 | 0 |
| IRS990TScheduleA/TotalUnrelatedBusinessCompAmt | 1 | 0 |
| IRS990TScheduleA/TotalUnrelatedBusinessCompAmt | 2 | 0 |
| IRS990TScheduleA/TotalUnrelatedBusinessCompAmt | 3 | 0 |
| IRS990TScheduleA/TotExcessReadershipCostsDedAmt | 0 | 0 |
| IRS990TScheduleA/TotExcessReadershipCostsDedAmt | 1 | 0 |
| IRS990TScheduleA/TotExcessReadershipCostsDedAmt | 2 | 0 |
| IRS990TScheduleA/TotExcessReadershipCostsDedAmt | 3 | 0 |
| IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt | 0 | 77260 |
| IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt | 1 | -7412 |
| IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt | 2 | 365765 |
| IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt | 3 | 260309 |
| IRS990TScheduleA/TotUnrltTrdBusIncmAmt | 0 | 77260 |
| IRS990TScheduleA/TotUnrltTrdBusIncmAmt | 1 | -7412 |
| IRS990TScheduleA/TotUnrltTrdBusIncmAmt | 2 | 365765 |
| IRS990TScheduleA/TotUnrltTrdBusIncmAmt | 3 | 260309 |
| IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt | 0 | 0 |
| IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt | 1 | 0 |
| IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt | 2 | 0 |
| IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt | 3 | 0 |
| IRS990TScheduleA/TradeOrBusinessDesc | 0 | Facility Rental |
| IRS990TScheduleA/TradeOrBusinessDesc | 1 | Printing Services |
| IRS990TScheduleA/TradeOrBusinessDesc | 2 | Sports and Recreation Facilities |
| IRS990TScheduleA/TradeOrBusinessDesc | 3 | Investment Activity |
| IRS990TScheduleA/UBIBeforeNOLDedAmt | 0 | -55149 |
| IRS990TScheduleA/UBIBeforeNOLDedAmt | 1 | -7412 |
| IRS990TScheduleA/UBIBeforeNOLDedAmt | 2 | -545787 |
| IRS990TScheduleA/UBIBeforeNOLDedAmt | 3 | 148432 |
| IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt | 0 | -55149 |
| IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt | 1 | -7412 |
| IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt | 2 | -545787 |
| IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt | 3 | 148432 |
| IRS990T/SpecificDeductionAmt | 0 | 1000 |
| IRS990T/SubsidiaryCorporationInd | 0 | 0 |
| IRS990T/TaxableCorporationAmt | 0 | 0 |
| IRS990T/TaxLessCreditsAmt | 0 | 0 |
| IRS990T/TotalDeductionAmt | 0 | 1000 |
| IRS990T/TotalPaymentsAmt | 0 | 25000 |
| IRS990T/TotalTaxAmt | 0 | 0 |
| IRS990T/TotalTaxComputationAmt | 0 | 0 |
| IRS990T/TotalUBTIAmt | 0 | 0 |
| IRS990T/TotalUBTIBeforeNOLSpecificAmt | 0 | 148432 |
| IRS990T/TotalUBTIComputedAmt | 0 | 148432 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Randy Barfield |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Interim VP of Finance |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8472343100 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-01-23 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Lake Forest College |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAKE |
| ReturnHeader/Filer/EIN | 0 | 362167770 |
| ReturnHeader/Filer/PhoneNum | 0 | 8472343100 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 555 N Sheridan Rd |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Lake Forest |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 600452399 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 420714325 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | RSM US LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 30 South Wacker Dr Suite 3300 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Chicago |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 606063392 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3126343400 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2026-02-25 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Rebekuh Eley |
| ReturnHeader/ReturnTs | 0 | 2026-03-03T10:57:36-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990T |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-06-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-05-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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