Lake Forest College

Education organization based in Lake Forest, IL. 1,483 employees. Exempt under §501(c)(3).

MissionProvide 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

Financial snapshot · TY 2023

$141.5M
Total revenue
$144.5M
Total expenses
$269.0M
Net assets

Financial health · TY 2023

70
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
44
8 months of expenses
Program efficiency
99
89.6% spent on programs
Revenue diversity
61
Mix of program fees, grants & contributions

Leadership compensation

Jill Baren
President
$573,857
79th percentile vs. peers
Lori Sundberg
VP for Finance/Planning; Treasurer
$296,168
71th percentile vs. peers
Christopher Ellertson
Vice President for Enrollment
$260,438
71th percentile vs. peers
Jacqueline Slaats
VP for Career Advancement/Athletics
$214,244
71th percentile vs. peers
Nancy Brekke
Associate Professor (until 8/31/23)
$198,530
71th percentile vs. peers

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Lake Forest College Executive Compensation | 990 Data | DoubleNine