Lake Forest Country Day School
- Assets
- $60.3m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 113
- Location
- Lake Forest, IL
- Founding
- 11/1959
- Data as of
- 06/2022
- EIN
- 36-2415685
Organization Overview
Lake Forest Country Day School is located in Lake Forest, IL. The organization was established in 1959. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Lake Forest Country Day School employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Forest Country Day School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lake Forest Country Day School generated $16.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $15.2m during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE LAKE FOREST COUNTRY DAY SCHOOL IS TO MAINTAIN AND MANAGE AN INDEPENDENT ELEMENTARY SCHOOL WHICH WILL GUIDE AND STIMULATE CHILDREN TO POSITIVE, CONSTRUCTIVE AND EFFECTIVE ATTITUDES TOWARD WORK, FAMILY AND COMMUNITY. THE SCHOOL ATTEMPTS TO STIMULATE EACH STUDENT TO MAKE THE FULLEST USE OF HIS OR HER CAPACITY TO LEARN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES ACADEMIC INSTRUCTION AND EDUCATION FOR STUDENTS FROM AGE TWO THROUGH THE EIGHTH GRADE. THE ACADEMIC PROGRAM IS ENRICHED BY AN EXTENSIVE EXTRACURRICULAR PROGRAM SPANNING THE ARTS, PUBLICATIONS, COMMUNITY SERVICE, TRIPS AND ATHLETICS. THE SCHOOL PROVIDES A WELL-ROUNDED EDUCATION TO CHILDREN OF VARIOUS SKILLS AND ABILITIES.
THE SCHOOL PROVIDES ACADEMIC INSTRUCTION AND EDUCATION FOR STUDENTS FROM AGE TWO THROUGH THE EIGHTH GRADE. THE ACADEMIC PROGRAM IS ENRICHED BY AN EXTENSIVE EXTRACURRICULAR PROGRAM SPANNING THE ARTS, PUBLICATIONS, COMMUNITY SERVICE, TRIPS AND ATHLETICS. THE SCHOOL PROVIDES A WELL-ROUNDED EDUCATION TO CHILDREN OF VARIOUS SKILLS AND ABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Hurd Head Of School | Officer | 55 | $217,187 |
Andrew Sperling Head Of Upper School | Officer | 50 | $161,474 |
Richard Paulus Director Of Finance & Oper | Officer | 50 | $152,839 |
Sarah Walsh Head Of Early Childhood & Lower School | 50 | $129,714 | |
Edward Stewart Director Of Student Programs & Engagement | 50 | $123,191 | |
Alex Sheridan Director Of Enrollment, Marketing, & Financial Aid | 50 | $114,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tenacious Cleaning Services Inc Cleaning Service | 6/29/19 | $230,188 |
Brightspark Travel Travel And Tours | 6/29/19 | $108,681 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $514,804 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,307,755 |
| Noncash contributions included in lines 1a–1f | $72,149 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,822,559 |
| Total Program Service Revenue | $12,853,634 |
| Investment income | $780,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,639 |
| Net Gain/Loss on Asset Sales | $1,083,124 |
| Net Income from Fundraising Events | $180,852 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,845,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,939,459 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $531,500 |
| Compensation of current officers, directors, key employees. | $76,338 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,925,377 |
| Pension plan accruals and contributions | $371,986 |
| Other employee benefits | $831,612 |
| Payroll taxes | $462,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,942 |
| Fees for services: Accounting | $47,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $78,343 |
| Fees for services: Other | $534,990 |
| Advertising and promotion | $75,239 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,435 |
| Interest | $1,142,539 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,016,813 |
| Insurance | $77,618 |
| All other expenses | $737,786 |
| Total functional expenses | $15,210,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,878,192 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $929,683 |
| Accounts receivable, net | $3,911,358 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $19,168,921 |
| Investments—publicly traded securities | $30,087,116 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $319,125 |
| Total assets | $60,294,395 |
| Accounts payable and accrued expenses | $1,332,937 |
| Grants payable | $0 |
| Deferred revenue | $10,403,506 |
| Tax-exempt bond liabilities | $22,790,626 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $417,325 |
| Total liabilities | $34,944,394 |
| Net assets without donor restrictions | $22,514,490 |
| Net assets with donor restrictions | $2,835,511 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $60,294,395 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that Lake Forest Country Day School has recieved totaling $263,972.
| Awarding Organization | Amount |
|---|---|
Satter Foundation Chicago, IL PURPOSE: PROVIDING EDUCATIONAL OPPORTUNITIES | $77,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $47,050 |
Moving Lives Ahead Foundation Lake Forest, IL PURPOSE: TO FURTHER ORGANIZATION'S CHARITABLE PURPOSE | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $18,336 |
Dolores Kohl Educational Foundation Highland Park, IL PURPOSE: CHARITABLE | $15,000 |
Butler Family Foundation Lake Forest, IL PURPOSE: GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION | $15,000 |
Endowment Analysis
| Beg. Balance | $35,830,100 |
| Earnings | -$4,883,297 |
| Net Contributions | $493,129 |
| Ending Balance | $31,439,932 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Francis W Parker School Chicago, IL | $194,788,594 | $67,683,715 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
St Lukes-Jones Regional Medical Center Anamosa, IA | $65,819,310 | $47,904,266 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
University School Of Milwaukee Corporation Milwaukee, WI | $59,516,474 | $37,531,617 |
Park Tudor Foundation Inc Indianapolis, IN | $62,976,373 | $33,968,467 |
Christian Academy Of Louisville Inc Louisville, KY | $31,042,976 | $28,033,644 |
North Shore Country Day School Winnetka, IL | $93,458,208 | $25,821,359 |
University Of Chicago Charter School Corporation Chicago, IL | $14,482,747 | $19,743,627 |
Hope Educational & Research Center St Louis, MO | $196,443,117 | $45,382,338 |
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |