Overview
What is Lake Forest College?
Lake Forest College is a renowned National Residential Liberal Arts institution, accredited by the North Central Association of Colleges and Schools, located in Lake Forest, Illinois. Spanning over 107 acres with 63 educational and support buildings, the college provides post-secondary education leading to a baccalaureate degree. With approximately 1,680 students, including 1,160 residents in the residence halls, Lake Forest College boasts 137 full-time faculty members. Instruction and research encompass all aspects of the college's academic program and research-focused activities. The college had 366 undergraduate students graduate with bachelor's degrees and 29 students receive master's degrees during the year. The institution employs a staff of 1,240 individuals.
Official website here: www.lakeforest.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Lake Forest College has received a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The rating is based entirely on its accountability score, which stands at an impressive 96%. This high score indicates that the college maintains high standards of financial management and transparency.
The organization benefits from a majority of independent board members, contributing to effective governance. With an oversight committee in place and no noted material diversions of assets, Lake Forest College demonstrates its commitment to responsible stewardship of funds. Additionally, the college has comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, further enhancing its accountability.
While the college shows strengths in financial practices, the feedback does not highlight specific programs or community impact metrics, which are crucial for a holistic understanding of its overall effectiveness. Nonetheless, its strong financial health and governance practices position it as a trustworthy institution within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lake Forest College?
92% of 279 reviewers on Facebook recommend Lake Forest College. Here is a summary of their reviews:
Many parents express their satisfaction with the college's transition process for new students. One reviewer highlighted their positive experience during the move-in weekend, praising the accommodating and helpful staff. They felt supported throughout the experience and are eager about the opportunities their daughter will encounter at the college.
Overall, feedback indicates that Lake Forest College excels in creating a welcoming atmosphere for incoming students and their families, contributing to a smooth transition into college life.
This AI summary has been generated from reviews found on Facebook.
Is Lake Forest College legitimate?
Lake Forest College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Forest College submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,018,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,134,695
For more financial information, click here
Official website here: www.lakeforest.edu
What is the mission statement of Lake Forest College?
Lake Forest College is dedicated to providing post-secondary education, leading to undergraduate and graduate degrees. Accredited by the North Central Association of Colleges and Schools, the institution offers a liberal arts curriculum spanning over 100 acres with about 63 buildings. With a student body of approximately 1,690, including 1,160 living on campus, Lake Forest College grants bachelor of arts degrees to 349 students and master's degrees to 29 students annually. The college's educational and support services aim to foster a rich academic experience for students.
Official website here: www.lakeforest.edu
Who is the CEO of Lake Forest College?
Stephen Schutt is the Principal Officer of Lake Forest College.
Official website here: www.lakeforest.edu
What is the revenue of Lake Forest College?
Lake Forest College's revenue in 2022 was $127,569,310.
Official website here: www.lakeforest.edu
Who are the executives of Lake Forest College and what are their salaries?
The average compensation at Lake Forest College during 2022 was $21,092. There are 1240 employees and 1000 volunteers at Lake Forest College.
Here are 47 key members and their salaries:
- Compensation: $433,036
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- Other: $103,637
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- Compensation: $178,808
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- Other: $24,010
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- Other: $17,807
- Compensation: $152,405
- Related: $0
- Other: $24,727
- Compensation: $131,358
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- Other: $36,588
- Compensation: $145,513
- Related: $0
- Other: $10,582
- Compensation: $138,291
- Related: $0
- Other: $15,862
- Compensation: $128,133
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Official website here: www.lakeforest.edu
Where can I find the form 990 for Lake Forest College?
Lake Forest College's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakeforest.edu
Learn more at the official website: www.lakeforest.edu
Mission Statement of Lake Forest College
Lake Forest College, a renowned National Residential Liberal Arts institution, is dedicated to providing higher education that culminates in a baccalaureate degree. The College, accredited by the North Central Association of Schools, boasts an impressive campus spread over 107 acres, featuring 63 educational and support buildings. With a student body of 1,680, consisting of 1,641 undergraduates and 39 graduates, Lake Forest College is home to 137 full-time faculty members.
The College's mission is threefold, as it not only offers post-secondary education but also manages the operation of a liberal arts college. The academic rigor at Lake Forest College is reflected in the 349 bachelor of arts degrees awarded and the 17 master's degrees conferred during the academic year. The College's substantial program service expenditures underscore its commitment to providing a top-notch education. The residential aspect of the College further enhances the learning experience, providing a vibrant and engaging community for students.
Lake Forest College's academic offerings are rooted in the liberal arts tradition, offering a well-rounded education that emphasizes critical thinking, effective communication, and a broad understanding of various disciplines. The College's commitment to quality education is reflected in its accreditation by the North Central Association of Schools, ensuring that students receive a high-quality education and are well-prepared for their future endeavors.
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Impact
October, 2024
Lake Forest College significantly contributes to higher education by providing a rigorous liberal arts curriculum that encourages critical thinking, creativity, and intellectual growth. Located in Lake Forest, IL, the college offers a residential experience for students within a scenic 107-acre campus, facilitating a close-knit community and collaborative learning environment.
With an enrollment of 1,661 undergraduate students and a dedicated faculty of 137, the college emphasizes personalized instruction and mentorship, fostering meaningful student-faculty relationships. In the past year, it awarded 349 Bachelor of Arts degrees and 17 Master's degrees, reflecting its commitment to academic excellence and student success.
The college’s mission is focused on delivering high-quality post-secondary education that leads to baccalaureate degrees. This mission is supported by significant program service expenditures, dedicated to both instructional and research activities, which enhance the learning experience and contribute to the broader academic community. By prioritizing a liberal arts education, Lake Forest College equips students with the skills and knowledge necessary to navigate an increasingly complex world, preparing them for diverse career paths and informed citizenship.
This information is meant to be a general summary of Lake Forest College. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$291,531
- Program Service Revenue: $101,314,846
- Gross Receipts: $141,492,272
Assets and Liabilities:
- Total Assets: $244,551,905
- Total Liabilities: $50,221,816
- Net Assets: $194,330,089
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and Fees
Revenue
$85,028,409
Residence Hall and Board Plan
Revenue
$14,823,808
Other Sources
Revenue
$1,065,166
Graduate Program
Revenue
$397,463
Organization Details
Founding Year
1857
Phone
(847) 234-3100Principal Officer
Stephen Schutt
Main Address
555 N Sheridan Rd, Lake Forest, IL, 600452399
Website
www.lakeforest.eduNTEE Category
Code: B420 - Education
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