Civic Intelligence

Lake Forest College

990T • Fiscal year 2025 • EIN 36-2167770

Jun 01, 2024 to May 31, 2025 • Filed on Jan 23, 2026

Organization Profilewww.lakeforest.edu

View Organization Page

555 N Sheridan RdLake Forest, IL 60045-2399

(847) 234-3100

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

-

No earlier filing loaded for comparison.

Net Assets

-

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

-

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $143,787,014Liabilities 2010: $39,973,330Net Assets 2010: $103,813,6842010Assets 2011: $153,075,356Liabilities 2011: $39,106,530Net Assets 2011: $113,968,8262011Assets 2012: $152,756,128Liabilities 2012: $40,993,964Net Assets 2012: $111,762,1642012Assets 2013: $177,717,523Liabilities 2013: $59,803,772Net Assets 2013: $117,913,7512013Assets 2014: $179,965,596Liabilities 2014: $56,260,444Net Assets 2014: $123,705,1522014Assets 2015: $194,165,223Liabilities 2015: $56,473,651Net Assets 2015: $137,691,5722015Assets 2016: $207,677,912Liabilities 2016: $56,918,488Net Assets 2016: $150,759,4242016Assets 2017: $216,860,824Liabilities 2017: $55,671,796Net Assets 2017: $161,189,0282017Assets 2018: $225,775,523Liabilities 2018: $59,055,150Net Assets 2018: $166,720,3732018Assets 2019: $227,144,105Liabilities 2019: $56,214,988Net Assets 2019: $170,929,1172019Assets 2020: $217,688,817Liabilities 2020: $47,957,142Net Assets 2020: $169,731,6752020Assets 2021: $251,265,144Liabilities 2021: $56,655,859Net Assets 2021: $194,609,2852021Assets 2022: $244,551,905Liabilities 2022: $50,221,816Net Assets 2022: $194,330,0892022Assets 2023: $261,948,018Liabilities 2023: $59,135,797Net Assets 2023: $202,812,2212023Assets 2024: $269,045,907Liabilities 2024: $57,413,941Net Assets 2024: $211,631,9662024

Latest loaded filing

2024

Assets$269,045,907
Liabilities$57,413,941
Net Assets$211,631,966
Open 2024 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $68,375,4692010Expenses 2011: $73,843,9522011Expenses 2012: $78,870,1282012Expenses 2013: $82,927,3672013Revenue 2014: $107,956,191Expenses 2014: $89,104,236Net Income 2014: $18,851,9552014Revenue 2015: $104,460,314Expenses 2015: $92,266,771Net Income 2015: $12,193,5432015Revenue 2016: $108,229,722Expenses 2016: $93,286,767Net Income 2016: $14,942,9552016Revenue 2017: $95,653,578Expenses 2017: $94,065,076Net Income 2017: $1,588,5022017Revenue 2018: $95,437,976Expenses 2018: $98,947,529Net Income 2018: -$3,509,5532018Revenue 2019: $104,734,631Expenses 2019: $103,299,244Net Income 2019: $1,435,3872019Revenue 2020: $110,394,405Expenses 2020: $111,076,177Net Income 2020: -$681,7722020Revenue 2021: $111,531,265Expenses 2021: $109,144,708Net Income 2021: $2,386,5572021Revenue 2022: $127,569,310Expenses 2022: $123,493,970Net Income 2022: $4,075,3402022Revenue 2023: $140,501,124Expenses 2023: $133,938,841Net Income 2023: $6,562,2832023Revenue 2024: $141,545,403Expenses 2024: $144,507,496Net Income 2024: -$2,962,0932024

Latest loaded filing

2024

Revenue$141,545,403
Expenses$144,507,496
Net Income-$2,962,093
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Jan 23, 2026
Return Version
2024v5.5
Mission and Program Overview

Mission

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 Higher Learning Commission, and had 1,814 undergraduate students and 23 graduate students with 144 full time faculty. Bachelor of arts degrees conferred were 434 during the year, with 14 master's degrees conferred. The College had approximately 1,250 resident students in the residence halls.

Filing and Contact Details

Filer

Filer Name
Lake Forest College
EIN
36-2167770
Phone
8472343100
Address
555 N Sheridan Rd, Lake Forest, IL 60045-2399

Signing Officer

Name
Randy Barfield
Title
Interim VP of Finance
Phone
8472343100
Signed
2026-01-23
Discuss with paid preparer
Yes

Preparer

Firm
Rsm US Llp
Address
30 South Wacker Dr Suite 3300, Chicago, IL 60606-3392
Preparer
Rebekuh Eley
Phone
3126343400
Raw XML Appendix206 raw XML fields

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/CapitalGainNetIncomeAmt0263796
IRS1120ScheduleD/DisposeInvestmentQOFInd00
IRS1120ScheduleD/ExcNetSTGainOverNetLTLossAmt08301
IRS1120ScheduleD/Form4797GainOrLossAmt0228220
IRS1120ScheduleD/NetCapitalGainAmt0255495
IRS1120ScheduleD/NetLTCapitalGainOrLossAmt0255495
IRS1120ScheduleD/NetSTCapitalGainOrLossAmt08301
IRS1120ScheduleD/TotalLTCGL1099BNotReceivedGrp/TotalGainOrLossAmt027275
IRS1120ScheduleD/TotalSTCGL1099BNotReceivedGrp/TotalGainOrLossAmt08301
IRS8949/LongTermCapitalGainAndLossGrp/CapitalGainAndLossAssetGrp/GainOrLossAmt027275
IRS8949/LongTermCapitalGainAndLossGrp/CapitalGainAndLossAssetGrp/PropertyDesc0LFC Investment Holdings, LP
IRS8949/LongTermCapitalGainAndLossGrp/TotalGainOrLossAmt027275
IRS8949/LongTermCapitalGainAndLossGrp/TransactionsNotRptedOn1099BInd0X
IRS8949/ShortTermCapitalGainAndLossGrp/CapitalGainAndLossAssetGrp/GainOrLossAmt08301
IRS8949/ShortTermCapitalGainAndLossGrp/CapitalGainAndLossAssetGrp/PropertyDesc0LFC Investment Holdings, LP
IRS8949/ShortTermCapitalGainAndLossGrp/TotalGainOrLossAmt08301
IRS8949/ShortTermCapitalGainAndLossGrp/TransactionsNotRptedOn1099BInd0X
IRS990T/AvlblPre2018NOLCarryoverAmt0180088
IRS990T/BooksInCareOfDetail/PersonNm0Alton J Rodino
IRS990T/BooksInCareOfDetail/PhoneNum08472343100
IRS990T/BooksInCareOfDetail/USAddress/AddressLine1Txt0555 N Sheridan Rd
IRS990T/BooksInCareOfDetail/USAddress/CityNm0Lake Forest
IRS990T/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990T/BooksInCareOfDetail/USAddress/ZIPCd0600452399
IRS990T/BookValueAssetsEOYAmt0287159838
IRS990T/CharitableContributionsDedAmt00
IRS990T/ForeignAccountsQuestionInd00
IRS990T/ForeignTrustQuestionInd00
IRS990T/Form990TScheduleAAttachedCnt04
IRS990T/ItmzdSupplementalInfoGrp/ExplanationTxt0Section 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/LineNum0Line 1
IRS990T/ItmzdSupplementalInfoGrp/PartNum0Part V
IRS990T/NetOperatingLossDeductionAmt0148432
IRS990T/Organization501cCorporationInd0X
IRS990T/Organization501IndicatorGrp/Organization501cTypeTxt0c3
IRS990T/Organization501IndicatorGrp/Organization501Ind0X
IRS990T/OtherTaxesAmt00
IRS990T/OverpaymentSection/AppliedToESTaxAmt025000
IRS990T/OverpaymentSection/OverpaymentAmt025000
IRS990T/OverpaymentSection/RefundAmt00
IRS990T/PaidTaxLiabilityAmt00
IRS990T/Post2017NOLCarryoverGrp/AvlblPost2017NOLCarryoverAmt0156188
IRS990T/Post2017NOLCarryoverGrp/AvlblPost2017NOLCarryoverAmt135760
IRS990T/Post2017NOLCarryoverGrp/AvlblPost2017NOLCarryoverAmt2446973
IRS990T/Post2017NOLCarryoverGrp/PrincipalBusinessActivityCd0721000
IRS990T/Post2017NOLCarryoverGrp/PrincipalBusinessActivityCd1320000
IRS990T/Post2017NOLCarryoverGrp/PrincipalBusinessActivityCd2710000
IRS990T/PriorYearOverpaymentCreditAmt025000
IRS990TScheduleA/AdditionalSection263ACostsAmt00
IRS990TScheduleA/BeginningOfYearInventoryAmt01163
IRS990TScheduleA/CapitalGainNetIncomeAmt0263796
IRS990TScheduleA/CostOfGoodsSoldAmt018974
IRS990TScheduleA/CostOfLaborAmt08966
IRS990TScheduleA/EndOfYearInventoryAmt00
IRS990TScheduleA/GrossProfitAmt0-7412
IRS990TScheduleA/GrossReceiptsOrSalesAmt011562
IRS990TScheduleA/InterestDeductionAmt050188
IRS990TScheduleA/NetGrossReceiptsOrSalesAmt011562
IRS990TScheduleA/NetOperatingLossDeductionAmt00
IRS990TScheduleA/NetOperatingLossDeductionAmt10
IRS990TScheduleA/NetOperatingLossDeductionAmt20
IRS990TScheduleA/NetOperatingLossDeductionAmt30
IRS990TScheduleA/OtherCostsAmt07990
IRS990TScheduleA/OtherDeductionsAmt0132409
IRS990TScheduleA/OtherDeductionsAmt1911552
IRS990TScheduleA/OtherDeductionsAmt216900
IRS990TScheduleA/OtherIncomeAmt077260
IRS990TScheduleA/OtherIncomeAmt1365765
IRS990TScheduleA/OthInventoryValuationMethodCd0OTHER APPROVED METHOD
IRS990TScheduleA/PrincipalBusinessActivityCd0721000
IRS990TScheduleA/PrincipalBusinessActivityCd1320000
IRS990TScheduleA/PrincipalBusinessActivityCd2710000
IRS990TScheduleA/PrincipalBusinessActivityCd3900001
IRS990TScheduleA/PurchasesAmt0855
IRS990TScheduleA/Section263ARulesApplyInd00
IRS990TScheduleA/SequenceReferenceNum01
IRS990TScheduleA/SequenceReferenceNum12
IRS990TScheduleA/SequenceReferenceNum23
IRS990TScheduleA/SequenceReferenceNum34
IRS990TScheduleA/SequenceTotalNum04
IRS990TScheduleA/SequenceTotalNum14
IRS990TScheduleA/SequenceTotalNum24
IRS990TScheduleA/SequenceTotalNum34
IRS990TScheduleA/TaxesAndLicensesAmt044789
IRS990TScheduleA/TotalAllocableDeductionsAmt00
IRS990TScheduleA/TotalAllocableDeductionsAmt10
IRS990TScheduleA/TotalAllocableDeductionsAmt20
IRS990TScheduleA/TotalAllocableDeductionsAmt30
IRS990TScheduleA/TotalCostGoodsSoldAmt018974
IRS990TScheduleA/TotalCtrlOrgDeductionAmt00
IRS990TScheduleA/TotalCtrlOrgDeductionAmt10
IRS990TScheduleA/TotalCtrlOrgDeductionAmt20
IRS990TScheduleA/TotalCtrlOrgDeductionAmt30
IRS990TScheduleA/TotalCtrlOrgPymtGrossIncmAmt00
IRS990TScheduleA/TotalCtrlOrgPymtGrossIncmAmt10
IRS990TScheduleA/TotalCtrlOrgPymtGrossIncmAmt20
IRS990TScheduleA/TotalCtrlOrgPymtGrossIncmAmt30
IRS990TScheduleA/TotalDeductionsAmt0132409
IRS990TScheduleA/TotalDeductionsAmt10
IRS990TScheduleA/TotalDeductionsAmt2911552
IRS990TScheduleA/TotalDeductionsAmt3111877
IRS990TScheduleA/TotalDeductionSetAsidesAmt00
IRS990TScheduleA/TotalDeductionSetAsidesAmt10
IRS990TScheduleA/TotalDeductionSetAsidesAmt20
IRS990TScheduleA/TotalDeductionSetAsidesAmt30
IRS990TScheduleA/TotalDirectAdvertisingCostAmt00
IRS990TScheduleA/TotalDirectAdvertisingCostAmt10
IRS990TScheduleA/TotalDirectAdvertisingCostAmt20
IRS990TScheduleA/TotalDirectAdvertisingCostAmt30
IRS990TScheduleA/TotalDividendsReceivedDedAmt00
IRS990TScheduleA/TotalDividendsReceivedDedAmt10
IRS990TScheduleA/TotalDividendsReceivedDedAmt20
IRS990TScheduleA/TotalDividendsReceivedDedAmt30
IRS990TScheduleA/TotalGrossAdvertisingIncomeAmt00
IRS990TScheduleA/TotalGrossAdvertisingIncomeAmt10
IRS990TScheduleA/TotalGrossAdvertisingIncomeAmt20
IRS990TScheduleA/TotalGrossAdvertisingIncomeAmt30
IRS990TScheduleA/TotalGrossDebtFinancedIncmAmt00
IRS990TScheduleA/TotalGrossDebtFinancedIncmAmt10
IRS990TScheduleA/TotalGrossDebtFinancedIncmAmt20
IRS990TScheduleA/TotalGrossDebtFinancedIncmAmt30
IRS990TScheduleA/TotalInvestmentIncomeAmt00
IRS990TScheduleA/TotalInvestmentIncomeAmt10
IRS990TScheduleA/TotalInvestmentIncomeAmt20
IRS990TScheduleA/TotalInvestmentIncomeAmt30
IRS990TScheduleA/TotalPrtshpSCorpIncomeAmt0-3487
IRS990TScheduleA/TotalRentDeductionsAmt00
IRS990TScheduleA/TotalRentDeductionsAmt10
IRS990TScheduleA/TotalRentDeductionsAmt20
IRS990TScheduleA/TotalRentDeductionsAmt30
IRS990TScheduleA/TotalRentIncomeAmt00
IRS990TScheduleA/TotalRentIncomeAmt10
IRS990TScheduleA/TotalRentIncomeAmt20
IRS990TScheduleA/TotalRentIncomeAmt30
IRS990TScheduleA/TotalUnrelatedBusinessCompAmt00
IRS990TScheduleA/TotalUnrelatedBusinessCompAmt10
IRS990TScheduleA/TotalUnrelatedBusinessCompAmt20
IRS990TScheduleA/TotalUnrelatedBusinessCompAmt30
IRS990TScheduleA/TotExcessReadershipCostsDedAmt00
IRS990TScheduleA/TotExcessReadershipCostsDedAmt10
IRS990TScheduleA/TotExcessReadershipCostsDedAmt20
IRS990TScheduleA/TotExcessReadershipCostsDedAmt30
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt077260
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt1-7412
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt2365765
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt3260309
IRS990TScheduleA/TotUnrltTrdBusIncmAmt077260
IRS990TScheduleA/TotUnrltTrdBusIncmAmt1-7412
IRS990TScheduleA/TotUnrltTrdBusIncmAmt2365765
IRS990TScheduleA/TotUnrltTrdBusIncmAmt3260309
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt00
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt10
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt20
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt30
IRS990TScheduleA/TradeOrBusinessDesc0Facility Rental
IRS990TScheduleA/TradeOrBusinessDesc1Printing Services
IRS990TScheduleA/TradeOrBusinessDesc2Sports and Recreation Facilities
IRS990TScheduleA/TradeOrBusinessDesc3Investment Activity
IRS990TScheduleA/UBIBeforeNOLDedAmt0-55149
IRS990TScheduleA/UBIBeforeNOLDedAmt1-7412
IRS990TScheduleA/UBIBeforeNOLDedAmt2-545787
IRS990TScheduleA/UBIBeforeNOLDedAmt3148432
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt0-55149
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt1-7412
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt2-545787
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt3148432
IRS990T/SpecificDeductionAmt01000
IRS990T/SubsidiaryCorporationInd00
IRS990T/TaxableCorporationAmt00
IRS990T/TaxLessCreditsAmt00
IRS990T/TotalDeductionAmt01000
IRS990T/TotalPaymentsAmt025000
IRS990T/TotalTaxAmt00
IRS990T/TotalTaxComputationAmt00
IRS990T/TotalUBTIAmt00
IRS990T/TotalUBTIBeforeNOLSpecificAmt0148432
IRS990T/TotalUBTIComputedAmt0148432
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Randy Barfield
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Interim VP of Finance
ReturnHeader/BusinessOfficerGrp/PhoneNum08472343100
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lake Forest College
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0362167770
ReturnHeader/Filer/PhoneNum08472343100
ReturnHeader/Filer/USAddress/AddressLine1Txt0555 N Sheridan Rd
ReturnHeader/Filer/USAddress/CityNm0Lake Forest
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd0600452399
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt030 South Wacker Dr Suite 3300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0606063392
ReturnHeader/PreparerPersonGrp/PhoneNum03126343400
ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rebekuh Eley
ReturnHeader/ReturnTs02026-03-03T10:57:36-06:00
ReturnHeader/ReturnTypeCd0990T
ReturnHeader/TaxPeriodBeginDt02024-06-01
ReturnHeader/TaxPeriodEndDt02025-05-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990TFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
-
Liabilities
-
Net assets
-
Revenue
-
Expenses
-
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$269$57.4$212$142$145$2.96
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$262$59.1$203$141$134$6.56
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$245$50.2$194$128$123$4.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$251$56.7$195$112$109$2.39
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$218$48.0$170$110$111$0.68
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$227$56.2$171$105$103$1.44
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$226$59.1$167$95.4$98.9$3.51
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$217$55.7$161$95.7$94.1$1.59
2016Detailed filing. Detailed filing data is available for this year.$208$56.9$151$108$93.3$14.9
2015Detailed filing. Detailed filing data is available for this year.$194$56.5$138$104$92.3$12.2
2014Detailed filing. Detailed filing data is available for this year.$180$56.3$124$108$89.1$18.9
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$178$59.8$118$82.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$153$41.0$112$78.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$153$39.1$114$73.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$144$40.0$104$68.4