Nonprofit · EIN 36-2216167
LAKE FOREST ACADEMY
Tax-exempt · LAKE FOREST, IL 60045
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $48,593,311 | $39,151,235 | $9,442,076 | $145,211,183 | $52,129,670 | $93,081,513 |
| June 30, 2024 | 990 | $38,073,971 | $36,335,971 | $1,738,000 | $139,215,832 | $52,666,498 | $86,549,334 |
| June 30, 2023 | 990 | $36,433,338 | $34,713,082 | $1,720,256 | $119,547,820 | $39,023,868 | $80,523,952 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,662,566
- of which government grants
- $1,146,748
- Program service revenue
- $30,303,646
- Investment income
- $10,241,715
- Net rental income
- $36,947
- Net gain from sales of assets
- $8,659,932
- Net income from fundraising events
- -$96,823
- Net income from sales of inventory
- $27,447
- Other revenue
- $2,385,384
Expenses
- Grants and similar amounts paid
- $6,383,800
- Compensation of officers, directors and key employees
- $1,581,903
- Other salaries and wages
- $12,118,479
- Salaries, compensation and benefits (total)
- $18,070,093
- Professional fundraising fees
- $0
- Legal fees
- $123,506
- Accounting fees
- $106,424
- Occupancy
- $969,111
- Travel
- $620,358
- Depreciation
- $3,125,974
- Program services (functional)
- $28,591,928
- Management and general (functional)
- $8,644,886
- Fundraising (functional)
- $1,914,421
Balance sheet and other
- Total assets, start of year
- $139,215,832
- Total assets, end of year
- $145,211,183
- Total liabilities, end of year
- $52,129,670
- Net assets, end of year
- $93,081,513
- Land, buildings and equipment
- $56,578,848
- Publicly traded securities
- $52,616,860
- Net assets without donor restrictions
- $57,142,445
- Net assets with donor restrictions
- $35,939,068
- Gross unrelated business income
- $2,404,654
- Gross receipts
- $77,376,578
- Employees
- 295
- Volunteers
- 190
- Year formed
- 1857
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER O TENNYSON | HEAD OF SCHOOL Former | 40 | $354,780 | $63,070 |
| MICHAEL J REIDY | CHIEF FINANCIAL OFFICER Officer | 40 | $248,078 | $68,941 |
| JOTHAM THOMAS JOHNSON | HEAD OF SCHOOL Officer | 40 | $223,410 | $53,163 |
| GARRY SLOAN | VP FOR ADVANCEMENT Key employee | 40 | $203,250 | $61,713 |
| NANCY M NASSR | HEAD OF SCHOOL OFFICE Key employee | 40 | $194,088 | $53,137 |
| DARRIN MADELEY | ATHLETIC DIRECTOR Highest-paid employee | 40 | $203,991 | $39,206 |
| CHRISTOPHER KOZLOV | DIRECTOR OF IT Highest-paid employee | 40 | $141,838 | $41,211 |
| SUSAN A MAHONEY | COMPTROLLER Highest-paid employee | 60 | $134,622 | $46,939 |
| Andrew Poska | Dean of College Counseling Highest-paid employee | 40 | $137,245 | $42,873 |
| RUTH KEYSO | DIRECTOR OF ADVANCEMENT Highest-paid employee | 40 | $136,970 | $39,405 |
| ERIC BROWN | Treasurer / TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| JESSICA P DOUGLAS | CHAIR / TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| JOHN S MARLATT | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KARIN FINK | Secretary / TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| AHMED FARAG | TRUSTEE Trustee or director | 1 | $0 | $0 |
29 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLAN M KAPLAN | TRUSTEE Trustee or director | 1 | $0 |
| BANCROFT O'QUINN JR | TRUSTEE Trustee or director | 1 | $0 |
| BRUCE W ANDERSON | TRUSTEE Trustee or director | 1 | $0 |
| CHARLES T COOPER | TRUSTEE Trustee or director | 1 | $0 |
| DAVID GUPTA | TRUSTEE Trustee or director | 1 | $0 |
| DUANE C JACKSON | TRUSTEE Trustee or director | 1 | $0 |
| EDWARD KOVAS | TRUSTEE Trustee or director | 1 | $0 |
| ELIZABETH ALICEA | TRUSTEE Trustee or director | 1 | $0 |
| EMILY SAMMON | TRUSTEE Trustee or director | 1 | $0 |
| FREDERICK WADDELL | TRUSTEE Trustee or director | 1 | $0 |
| GLORIA W HARPER | TRUSTEE Trustee or director | 1 | $0 |
| HAJI L GLOVER | TRUSTEE Trustee or director | 1 | $0 |
| J PATRICK CORSIGLIA | TRUSTEE Trustee or director | 1 | $0 |
| JIM C COWART | TRUSTEE Trustee or director | 1 | $0 |
| KATIE FREKKO | TRUSTEE Trustee or director | 1 | $0 |
| KRISTIN REY | TRUSTEE Trustee or director | 1 | $0 |
| LESLIE ROSEN | TRUSTEE Trustee or director | 1 | $0 |
| MARGEAUX MCREYNOLDS | TRUSTEE Trustee or director | 1 | $0 |
| MARIANNE SILVER | TRUSTEE Trustee or director | 1 | $0 |
| MOLLY PEARSON CAMPBELL | TRUSTEE Trustee or director | 1 | $0 |
| NED JESSEN | TRUSTEE Trustee or director | 1 | $0 |
| RICHARD ZHAO | TRUSTEE Trustee or director | 1 | $0 |
| SCOTT MELOUN | TRUSTEE Trustee or director | 1 | $0 |
| SCOTT W KAESER | TRUSTEE Trustee or director | 1 | $0 |
| SUZANNE ISENBERG | TRUSTEE Trustee or director | 1 | $0 |
| THOMAS S WOOD | TRUSTEE Trustee or director | 1 | $0 |
| TODD E ALTOUNIAN | TRUSTEE Trustee or director | 1 | $0 |
| TOM HODGKINS | TRUSTEE Trustee or director | 1 | $0 |
| XIONG YIN | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 43 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER O TENNYSON | HEAD OF SCHOOL Officer | 40 | $400,138 | $82,932 |
| MICHAEL J REIDY | CHIEF FINANCIAL OFFICER Officer | 40 | $239,418 | $45,284 |
| GARRY SLOAN | VP FOR ADVANCEMENT Key employee | 40 | $202,125 | $43,913 |
| NANCY M NASSR | HEAD OF SCHOOL OFFICE Key employee | 40 | $184,425 | $37,823 |
| DARRIN MADELEY | ATHLETIC DIRECTOR Highest-paid employee | 40 | $194,256 | $26,554 |
| CHRISTOPHER KOZLOV | DIRECTOR OF IT Highest-paid employee | 40 | $137,635 | $32,192 |
| SUSAN A MAHONEY | COMPTROLLER Highest-paid employee | 40 | $129,922 | $35,054 |
| RUTH KEYSO | DIRECTOR OF ADVANCEMENT Highest-paid employee | 40 | $137,190 | $27,549 |
| JOTHAM THOMAS JOHNSON | HEAD OF SCHOOL Highest-paid employee | 40 | $136,522 | $28,006 |
| JESSICA P DOUGLAS | CHAIR / TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| CHARLES T COOPER | VICE CHAIR / TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD ZHAO | SECRETARY / TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| AHMED FARAG | TREASURER / TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH ALICEA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TODD E ALTOUNIAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRUCE W ANDERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIC BROWN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MOLLY PEARSON CAMPBELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J PATRICK CORSIGLIA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JIM C COWART | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KARIN FINK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATIE FREKKO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HAJI L GLOVER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID GUPTA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GLORIA W HARPER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TOM HODGKINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUZANNE ISENBERG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DUANE C JACKSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NED JESSEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT W KAESER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALLAN M KAPLAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EDWARD KOVAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN S MARLATT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARGEAUX MCREYNOLDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT MELOUN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BANCROFT O'QUINN JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KRISTIN REY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LESLIE ROSEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EMILY SAMMON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARIANNE SILVER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FREDERICK WADDELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS S WOOD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| XIONG YIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 40 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER O TENNYSON | HEAD OF SCHOOL Officer | 40 | $314,235 | $71,388 |
| MICHAEL J REIDY | CHIEF FINANCIAL OFFICER Officer | 40 | $231,312 | $40,181 |
| ROBERT J BUCKLA | VP FOR ADVANCEMENT Key employee | 40 | $218,131 | $35,480 |
| JOSE M DE JESUS | FORMER HEAD OF SCHOOL Former | 40 | $203,415 | $33,282 |
| DARRIN MADELEY | ATHLETIC DIRECTOR Highest-paid employee | 40 | $181,453 | $34,358 |
| NANCY M NASSR | ASSISTANT HEAD OF SCHOOL Key employee | 40 | $175,225 | $35,226 |
| GARRY SLOAN | PLANNED & MAJOR GIFTS OFFICER Highest-paid employee | 40 | $150,925 | $39,243 |
| JOTHAM THOMAS JOHNSON | DEAN OF FACULTY Highest-paid employee | 40 | $127,132 | $38,303 |
| CHRISTOPHER KOZLOV | DIRECTOR OF IT Highest-paid employee | 40 | $130,700 | $30,980 |
| ANDREW F POSKA | DEAN OF COLLEGE COUNSELING Highest-paid employee | 40 | $118,400 | $42,372 |
| JOHN S MARLATT | CHAIR / TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| JESSICA P DOUGLAS | VICE CHAIR / TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD ZHAO | SECRETARY / TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| CHARLES T COOPER | TREASURER / TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| TODD E ALTOUNIAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRUCE W ANDERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MOLLY PEARSON CAMPBELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICK J CARROLL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J PATRICK CORSIGLIA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JIM C COWART | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AHMED FARAG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KARIN FINK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HAJI L GLOVER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID GUPTA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GLORIA W HARPER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DUANE C JACKSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT W KAESER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALLAN M KAPLAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EDWARD KOVAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RUMI KULI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT MELOUN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BETHANN MORITZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BANCROFT O'QUINN JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHRYN GRAY POLLOCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KRISTIN REY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EMILY SAMMON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AMISH S SHAH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARIANNE SILVER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS S WOOD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| XIONG YIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 W KENNEDY RD, LAKE FOREST, IL 60045-1047
- In care of
- % LAKE
- Principal officer (990 for 2024)
- J Thomas Johnson, 1500 WEST KENNEDY ROAD, Lake Forest, IL 60045
- Signed the 990
- J Thomas, Johnson
- Phone
- (847) 615-3213
- Website
- WWW.LFANET.ORG
- Return prepared by
- PLANTE & MORAN PLLC
Mission
LAKE FOREST ACADEMY STRIVES TO EMBODY IN ITS PRACTICES - AND TO CULTIVATE IN ITS STUDENTS -EXCELLENCE OF CHARACTER, SCHOLARSHIP, CITIZENSHIP, AND RESPONSIBILITY.
Program accomplishments
- LAKE FOREST ACADEMY "LFA" WAS ESTABLISHED IN 1857 AS THE BOYS' PREPARATORY DEPARTMENT OF LIND UNIVERSITY. THE GIRLS' PREPARATORY DEPARTMENT, FERRY HALL, WAS ADDED 1869. IN 1925, LFA AND FERRY HALL LEGALLY SEPARATED FROM THE UNIVERSITY TO BECOME SECONDARY EDUCATIONAL INSTITUTIONS. IN 1974, THE TWO SCHOOLS MERGED INTO A CO-EDUCATIONAL INDEPENDENT SCHOOL. TODAY'S LFA IS HOME TO 445 STUDENTS FROM 19 STATES AND 40 COUNTRIES WHERE 50% ARE BOARDERS. LFA OPERATES AS A BOARDING SCHOOL WITH 72% OF THE FACULTY RESIDING ON CAMPUS. LFA'S 150-ACRE CAMPUS IS ON THE FORMER ESTATE OF J. OGDEN ARMOUR AND NOW CONSISTS OF A COMPLEMENTARY MIX OF HISTORICAL AND MODERN BUILDINGS. LFA'S 2019 STRATEGIC PLAN, "MIDWESTERN HEART. GLOBAL MIND.", FOCUSES ON PROGRAM SERVICE ACCOMPLISHMENTS: DEVELOPING GLOBAL CITIZENS THROUGH UNIQUE EDUCATIONAL EXPERIENCES WITHIN A DIVERSE AND CARING COMMUNITY. THE ADMINISTRATION AND FACULTY ARE FOCUSED ON WORKING WITHIN THE FOUR MAIN INITIATIVES - EDUCATIONAL EXPERIENCE, MULTICULTURALISM, MARKETING, AND FINANCIAL STRENGTH. SINCE 1857, LFA HAS STAYED TRUE TO ITS CORE VALUES OF EDUCATING THE INNOVATIVE MINDS OF THE NEXT GENERATION. THE INSTITUTION AND ITS PEOPLE ARE POISED TO ACHIEVE HIGHER LEVELS OF SUCCESS AND LOOK ENTHUSIASTICALLY TOWARD A NEW CHAPTER IN LFA'S HISTORY.Expenses $28,591,928 · grants $6,383,800 · revenue $30,344,252
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2216167
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1957
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B250)
- Assets (IRS master file)
- $145,211,183
- Income (IRS master file)
- $77,376,578
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $48,593,311 | $39,151,235 | $145,211,183 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $38,073,971 | $36,335,971 | $139,215,832 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $36,433,338 | $34,713,082 | $119,547,820 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $34,795,522 | $34,110,717 | $113,447,241 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-2216167).
Questions about LAKE FOREST ACADEMY
- What is the EIN of LAKE FOREST ACADEMY?
- The employer identification number (EIN) of LAKE FOREST ACADEMY is 36-2216167.
- Is LAKE FOREST ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1957.
- Are donations to LAKE FOREST ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE FOREST ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKE FOREST ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE FOREST ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LAKE FOREST ACADEMY?
- The 990 for the year ended June 30, 2025 names J Thomas Johnson.
- Who are the officers and directors of LAKE FOREST ACADEMY?
- The 990 for the year ended June 30, 2025 lists 44 people; 10 received compensation from the organization, the highest $354,780 (CHRISTOPHER O TENNYSON, HEAD OF SCHOOL).
- How much revenue does LAKE FOREST ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $48,593,311, expenses of $39,151,235 and total assets of $145,211,183 at year end.
Other nonprofits in LAKE FOREST
- LAKE FOREST COLLEGE EIN 36-2167770 · last filed 990 for 2025
- EAST LAKE ACADEMY EIN 04-3619566 · last filed 990 for 2025
- BOSKO EIN 20-8598257 · last filed 990 for 2024
- CYSTINOSIS RESEARCH NETWORK INCORPORATED EIN 04-3323789 · last filed 990 for 2024
- SPIRIT OF 67 FOUNDATION EIN 36-3452385 · last filed 990 for 2025
- THE EPISCOPAL PRESCHOOL INC EIN 52-2413636 · last filed 990 for 2025
- CONWAY FARMS GOLF CLUB FOUNDATION EIN 03-0523195 · last filed 990 for 2024
- GPF FOUNDATION EIN 82-4836672 · last filed 990 for 2025