Lake Forest Graduate School of Management
Lake Forest Graduate School of Management
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About this organization
Mission
Lake Forest Graduate School of Management (LFGSM) is a private, nonprofit institution of higher education dedicated to improving the ability of working professionals and organizations to make significant business contributions that lead to outstanding and measurable results.
About
LAKE FOREST GRADUATE SCHOOL OF MANAGEMENT COMBINES TRADITIONAL AND LEADING-EDGE ACADEMICS WITH A PRACTITIONER FACULTY THAT PROVIDES A DYNAMIC CONNECTION WITH THE REAL WORLD OF BUSINESS. THIS DISTINCTIVE APPROACH RESPONDS DIRECTLY TO THE RESULTS-ORIENTED DEMANDS OF TODAY'S BUSINESS ENVIRONMENT WHILE SATISFYING ACADEMIC RIGOR. OUR FACULTY MEMBERS OFFER DIVERSE PERSPECTIVES AND REPRESENT A WIDE ARRAY OF ORGANIZATIONS, INDUSTRIES, AND FUNCTIONS. THEY BLEND SOLID BUSINESS THEORY WITH PRACTICAL EXPERIENCE, SO STUDENTS RECEIVE A HANDS-ON EDUCATION THAT IS UNMATCHED. ALL OF OUR FACULTY MEMBERS HAVE EXTENSIVE PRACTICAL EXPERIENCE IN THE SUBJECT AREAS THEY TEACH. BUILDING ON THE SKILLS STUDENTS BRING TO THE PROGRAM, OUR COURSES SHARPEN THEIR ANALYTICAL ABILITIES BY COMBINING COURSE WORK WITH DAY-TO-DAY PROFESSIONAL EXPERIENCES. OUR GENERAL MBA PROGRAM OFFERS A BROAD KNOWLEDGE BASE IN EVERY AREA NEEDED FOR SUCCESS IN TODAY'S BUSINESS WORLD. INTERACTIVE AND PERSONAL, OUR FACULTY MEMBERS INCORPORATE A WIDE RANGE OF TEACHING METHODOLOGIES, INCLUDING FACILITATED DISCUSSION ON ISSUES AND RESPONSIBILITIES FACING MANAGEMENT TODAY.
Interesting data from their 2020 990 filing
The filing outlines the non-profit's goal as “Lake forest graduate school of management (lfgsm) is a private, nonprofit institution of higher education dedicated to improving the ability of working professionals and organizations to make significant business contributions that lead to outstanding and measurable results. lfgsm grants mba degrees and specializes in management development educational programs for managers and executives of area businesses and other organizations. the majority of lfgsm's students enrolled are from chicago, illinois and its surrounding suburbs.”.
When explaining its purpose, the activities were outlined as: “Lake forest graduate school of management (lfgsm) is a private, nonprofit institution of higher education dedicated to improving the ability of working professionals and organizations to make significant business contributions that lead to outstanding and measurable results.”.
- As per legal reporting requirements, the state of operation for the non-profit is IL.
- The non-profit's address for 2020 is listed as 1905 W Field Court, Lake Forest, IL, 60045 in the filing.
- As per the non-profit's form, they have 182 employees as of 2020.
- Does not operate a hospital.
- Operates a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$86,360.
- The CEO compensation package within the organization is determined through a review and endorsement by a neutral party.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 10 independent voting members.
- The organization was formed in 1946.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $7,088,466 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization pays grants to individuals.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.