LEES-MCRAE COLLEGE INCORPORATED: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- LEES-MCRAE COLLEGE INCORPORATED (EIN 56-0529953)
- Tax period
- 2023-06-01 to 2024-05-31
- Filed
- 2025-04-12
- IRS object ID
- 202521029349300412
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-04-12T11:31:02-05:00 | ReturnTs |
| Tax Period End | 2024-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 540504608 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BROWN EDWARDS & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 105 ARBOR DRIVE 3RD FLOOR | AddressLine1Txt |
| City | CHRISTIANSBURG | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24073 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560529953 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEES-MCRAE COLLEGE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LEES | BusinessNameControlTxt |
| Phone | 8288985241 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 128 | AddressLine1Txt |
| City | BANNER ELK | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28604 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM H DURHAM | PersonNm |
| Person Title | VP OF FINANCE & BUSINESS AFFAIRS | PersonTitleTxt |
| Phone | 8288985241 | PhoneNum |
| Signature | 2025-04-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARK WOOLWINE | PreparerPersonNm |
| PTIN | P00647446 | PTIN |
| Phone | 5404433606 | PhoneNum |
| Preparation | 2025-04-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | WILLIAM H DURHAM | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 128 | AddressLine1Txt |
| City | BANNER ELK | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $36,308,685 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LMC.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1900 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | LEES-MCRAE COLLEGE EDUCATES AND INSPIRES STUDENTS TO APPROACH LIFE AND WORK FROM A CREATIVE, COLLABORATIVE, AND CRITICAL PERSPECTIVE IN PREPARATION FOR DIVERSE CAREERS AND ENVIRONMENTS | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 538 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $8,993,964 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,653,226 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $29,407,946 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $30,943,470 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$60,244 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,482,972 | CYInvestmentIncomeAmt |
| PY Other Revenue | $149,140 | PYOtherRevenueAmt |
| CY Other Revenue | $229,017 | CYOtherRevenueAmt |
| PY Total Revenue | $38,490,806 | PYTotalRevenueAmt |
| CY Total Revenue | $36,308,685 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $11,433,518 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $11,650,807 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $12,595,356 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $14,235,751 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $354,708 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $13,267,562 | PYOtherExpensesAmt |
| CY Other Expenses | $11,857,499 | CYOtherExpensesAmt |
| PY Total Expenses | $37,296,436 | PYTotalExpensesAmt |
| CY Total Expenses | $37,744,057 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,194,370 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,435,372 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $99,950,537 | TotalAssetsBOYAmt |
| Total Assets EOY | $123,229,175 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $30,782,591 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $50,783,011 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $69,167,946 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $72,446,164 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE MISSION OF LEES-MCRAE COLLEGE IS TO HELP STUDENTS BROADEN THEIR HORIZONS, PURSUE CAREERS AND FIND THEIR PLACE IN THE WORLD THROUGH EDUCATION AND SERVICE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $26,553,476 | ExpenseAmt |
| Grant | $11,650,807 | GrantAmt |
| Revenue | $20,353,534 | RevenueAmt |
| Desc | EDUCATION, GENERAL / OTHER: LEES-MCRAE COLLEGE IS AN ACCREDITED, NON-PROFIT, COEDUCATIONAL, NONSECTARIAN INSTITUTION OF HIGHER EDUCATION WITH ENROLLMENT OF APPROXIMATELY 839 UNDERGRADUATE STUDENTS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,880,929 | ExpenseAmt |
| Revenue | $10,620,920 | RevenueAmt |
| Desc | EDUCATION, GENERAL / OTHER: AUXILIARY SERVICES INCLUDING FOOD SERVICE AND RESIDENTIAL FACILITIES FOR STUDENTS ATTENDING LEES-MCRAE COLLEGE (654 STUDENTS). | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $282,548 | ExpenseAmt |
| Revenue | $229,017 | RevenueAmt |
| Desc | EDUCATION, GENERAL / OTHER: SUMMER PROGRAMS, CAMPS AND THEATRE TO SUPPORT EDUCATIONAL MISSION. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $31,716,953 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 1328 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 538 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8288988809 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 191 MAIN STREET | AddressLine1Txt |
| City | BANNER ELK | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28604 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| GARY T MOSS JR | ||||||||
| BOARD VICE CHAIR | 0.10 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| PARKER GRUBBS | ||||||||
| BOARD CHAIR | 0.10 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| BARBARA KOPCZYNSKI | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| BARRY BLAKE | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| BOB MOSS | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| BONNIE HUFF | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| DIANNE MAY | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| FRED RUSSELL | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| HAROLD KAPLAN | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| JIM MCDANIEL | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| JULIA MCCOMBS | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| KEN HAIGLER | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| KIM BRASWELL-MCPHAIL | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| MORGAN HERDKLOTZ | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| MURIEL BETH HOPKINS | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| NANCY HOYT | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| NEIL RAMO | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| RUTH STEPHENSON | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| SONNY EDMONDSON | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| TODD PORTER | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| W MCNAIR TORNOW | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| LENOARD WHEELER | ||||||||
| BOARD TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| HERBERT KING JR | ||||||||
| PRESIDENT | 50.00 | Yes (X) | $266,407 | $0 | $31,671 | |||
| BLAINE HANSEN | ||||||||
| EVP OF STRATEGIC OPERATION, GOVERNANCE, & PLANNING | 50.00 | Yes (X) | $166,495 | $0 | $18,809 | |||
| PAMELA VESELY | ||||||||
| VP OF ACADEMIC AFFAIRS AND DEAN OF FACULTY | 50.00 | Yes (X) | $99,925 | $0 | $12,756 | |||
| WILLIAM DURHAM | ||||||||
| VP OF BUSINESS AFFAIRS | 50.00 | Yes (X) | $38,745 | $0 | $3,347 | |||
| KEVIN PHILLIPS | ||||||||
| SVP OF ENROLLMENT MANAGEMENT | 50.00 | $194,596 | $0 | $10,318 | Yes (X) | |||
| SUSAN BOYETTE | ||||||||
| VP OF ADVANCEMENT | 50.00 | $173,207 | $0 | $13,281 | Yes (X) | |||
| JASON JONES | ||||||||
| VP OF STUDENT AFFAIRS | 50.00 | $122,020 | $0 | $17,879 | Yes (X) | |||
| ALYSON GILL | ||||||||
| FORMER PROVOST AND DEAN OF FACULT | 50.00 | $175,246 | $0 | $17,558 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,236,641 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $125,619 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FRANK L BLUM CONSTRUCTION | |||||
| 830 E 25TH STREET | WINSTONSALEM | NC | 27105 | CONSTRUCTION AND SERVICE COMPANY | $9,622,644 |
| CHILDREN'S HOPE ALLIANCE | |||||
| PO BOX 1 | BARIUM SPRINGS | NC | 28010 | CHILD ADVOCACY AND WELFARE ORGANIZATION | $6,000,000 |
| GENUINE FOOD LAB LLC | |||||
| 228 PARK AVE S - 69981 | NEW YORK | NY | 10003 | FOOD SERVICE | $2,639,075 |
| ARAMARK DALLAS LOCKBOX | |||||
| PO BOX 116 | BANNER ELK | NC | 28604 | FOOD SERVICE | $1,245,000 |
| BARNES & NOBLE COLLEGE BO | |||||
| PO BOX 713660 | PHILADELPHIA | PA | 19171 | BOOK STORE | $562,772 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $160,810 | GovernmentGrantsAmt |
| All Other Contributions | $3,492,416 | AllOtherContributionsAmt |
| Noncash Contributions | $4,803 | NoncashContributionsAmt |
| Total Contributions | $3,653,226 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611310 | $20,322,550 | $20,322,550 |
| ROOM & BOARD | 611310 | $8,181,093 | $8,181,093 |
| OTHER INCOME | 611310 | $2,439,827 | $2,439,827 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $30,943,470 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $789,525 | TotalRevenueColumnAmt |
| Exclusion | $789,525 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $662,463 | SecuritiesAmt |
| Other | $30,984 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $662,463 | SecuritiesAmt |
| Other | $30,984 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $693,447 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $30,984 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $662,463 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COMMUNITY OUTREACH | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $229,017 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $229,017 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $229,017 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $36,308,685 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $31,203,471 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,451,988 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,650,807 | TotalAmt |
| Program Services | $11,650,807 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $708,072 | TotalAmt |
| Program Services | $522,609 | ProgramServicesAmt |
| Management And General | $185,463 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,869,311 | TotalAmt |
| Program Services | $9,915,478 | ProgramServicesAmt |
| Management And General | $716,494 | ManagementAndGeneralAmt |
| Fundraising | $237,339 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,823,040 | TotalAmt |
| Program Services | $1,051,723 | ProgramServicesAmt |
| Management And General | $734,039 | ManagementAndGeneralAmt |
| Fundraising | $37,278 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $835,328 | TotalAmt |
| Program Services | $764,041 | ProgramServicesAmt |
| Management And General | $55,757 | ManagementAndGeneralAmt |
| Fundraising | $15,530 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,866 | TotalAmt |
| Management And General | $123,866 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,000,972 | TotalAmt |
| Program Services | $2,641,878 | ProgramServicesAmt |
| Management And General | $359,094 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $763,292 | TotalAmt |
| Program Services | $597,157 | ProgramServicesAmt |
| Management And General | $132,727 | ManagementAndGeneralAmt |
| Fundraising | $33,408 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,234,257 | TotalAmt |
| Program Services | $1,120,951 | ProgramServicesAmt |
| Management And General | $96,309 | ManagementAndGeneralAmt |
| Fundraising | $16,997 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $542,155 | TotalAmt |
| Program Services | $508,211 | ProgramServicesAmt |
| Management And General | $21,704 | ManagementAndGeneralAmt |
| Fundraising | $12,240 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $845,564 | TotalAmt |
| Program Services | $649,392 | ProgramServicesAmt |
| Management And General | $196,172 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,924,313 | TotalAmt |
| Program Services | $1,447,084 | ProgramServicesAmt |
| Management And General | $477,229 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| OTHER | $2,711,236 | $430,366 | $2,280,870 | |
| REPAIRS & MAINTENANCE | $381,522 | $92,170 | $288,007 | $1,345 |
| FOOD SERVICES | $246,614 | $246,614 | ||
| WORK STUDY PROGRAMS | $66,474 | $61,238 | $4,665 | $571 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,234 | TotalAmt |
| Program Services | $17,234 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,744,057 | TotalAmt |
| Program Services | $31,716,953 | ProgramServicesAmt |
| Management And General | $5,672,396 | ManagementAndGeneralAmt |
| Fundraising | $354,708 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,680,240 | BOYAmt |
| EOY | $3,477,518 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $718,053 | BOYAmt |
| EOY | $921,420 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,124,474 | BOYAmt |
| EOY | $2,717,487 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,993,733 | BOYAmt |
| EOY | $2,392,240 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,461 | BOYAmt |
| EOY | $63,461 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,221 | BOYAmt |
| EOY | $12,130 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,406 | BOYAmt |
| EOY | $13,266 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $111,323,839 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $35,653,533 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,773,103 | BOYAmt |
| EOY | $75,670,306 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,038,365 | BOYAmt |
| EOY | $35,156,876 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,543,481 | BOYAmt |
| EOY | $2,804,471 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,950,537 | BOYAmt |
| EOY | $123,229,175 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,586,861 | BOYAmt |
| EOY | $7,222,853 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $532,759 | BOYAmt |
| EOY | $725,739 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,467,332 | BOYAmt |
| EOY | $42,621,266 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $195,639 | BOYAmt |
| EOY | $213,153 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,782,591 | BOYAmt |
| EOY | $50,783,011 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,375,361 | BOYAmt |
| EOY | $33,158,862 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,792,585 | BOYAmt |
| EOY | $39,287,302 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,167,946 | BOYAmt |
| EOY | $72,446,164 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,950,537 | BOYAmt |
| EOY | $123,229,175 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$1,435,372 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $4,409,738 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $303,852 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $34,836,868 | BeginningYearBalanceAmt |
| Contributions | $383,125 | ContributionsAmt |
| Investment Earnings Or Losses | $5,984,508 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,457,337 | GrantsOrScholarshipsAmt |
| End Year Balance | $39,747,164 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $36,350,969 | BeginningYearBalanceAmt |
| Contributions | $440,067 | ContributionsAmt |
| Investment Earnings Or Losses | -$347,233 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,154,730 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $452,205 | AdministrativeExpensesAmt |
| End Year Balance | $34,836,868 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $36,178,089 | BeginningYearBalanceAmt |
| Contributions | $3,841,128 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,584,103 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $973,939 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $110,206 | AdministrativeExpensesAmt |
| End Year Balance | $36,350,969 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $33,999,870 | BeginningYearBalanceAmt |
| Contributions | $746,542 | ContributionsAmt |
| Investment Earnings Or Losses | $7,586,756 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,172,586 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,898,971 | OtherExpendituresAmt |
| Administrative Expenses | $83,522 | AdministrativeExpensesAmt |
| End Year Balance | $36,178,089 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,708,384 | BeginningYearBalanceAmt |
| Contributions | $2,583,177 | ContributionsAmt |
| Investment Earnings Or Losses | $1,837,194 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,062,936 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $65,949 | AdministrativeExpensesAmt |
| End Year Balance | $33,999,870 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.09356 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.65100 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.25543 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,180,338 | OtherCostOrOtherBasisAmt |
| Book Value | $8,180,338 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $54,496,152 | OtherCostOrOtherBasisAmt |
| Depreciation | $23,513,650 | DepreciationAmt |
| Book Value | $30,982,502 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,242,691 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,977,298 | DepreciationAmt |
| Book Value | $2,265,393 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $38,404,658 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,162,585 | DepreciationAmt |
| Book Value | $34,242,073 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $75,670,306 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| TRUST & ANNUITY OBLIGATIONS | $123,622 |
| AMOUNTS HELD ON BEHALF OF OTHERS | $60,388 |
| STUDENT AND OTHER DEPOSITS | $29,143 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $213,153 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $29,247,602 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $4,409,738 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $303,852 | OtherRevenueAmt |
| Revenue Not Reported | $4,713,590 | RevenueNotReportedAmt |
| Revenue Subtotal | $24,534,012 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $123,866 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $11,650,807 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $11,774,673 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $36,308,685 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $25,969,384 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $25,969,384 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $123,866 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $11,650,807 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $11,774,673 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $37,744,057 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF FUNDS HELD IN TRUST 260,990. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 42,862. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 11,650,807. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 11,650,807. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED ON THE COLLEGE WEBSITE AND AVAILABLE TO THE GENERAL PUBLIC. |
| SCHEDULE E, PART I, LINE 6 | LEES-MCRAE COLLEGE RECEIVES FEDERAL AND NC GOVERNMENTAL SUPPORT FOR STUDENT FINANCIAL AID. THE COLLEGE COMPLIES WITH ALL GOVERNMENTAL REGULATIONS APPLICABLE TO THIS SUPPORT. LEES-MCRAE COLLEGE'S RIGHT TO SUCH AID HAS NEVER BEEN REVOKED OR SUSPENDED. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS ARE PROVIDED TO HELP STUDENTS COVER TUITION, ROOM AND BOARD AT LMC. | GrantTypeTxt |
| Recipient | 880 | RecipientCnt |
| Cash Grant | $11,650,807 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE PROCESS FOR MONITORING TUITION DISCOUNT OR GRANT/SCHOLARSHIP FUNDS AT LEES-MCRAE IS DONE BY UTILIZING A MATRIX THAT DETERMINES AND LIMITS THE AMOUNT OF ACADEMIC SCHOLARSHIP AWARDED. THE SENIOR VICE PRESIDENT OF ENROLLMENT MANAGEMENT AND THE DIRECTOR OF FINANCIAL AID MEET REGULARLY TO REVIEW THE MOST CURRENT AMOUNT OF AWARDS BEING AWARDED TO ENSURE THE COLLEGE STAYS WITHIN BUDGE AND AWARD GUIDELINES. A FINAL REVIEW IS DONE BY THE SENIOR VICE PRESIDENT OF ENROLLMENT MANAGEMENT AND THE DIRECTOR OF FINANCIAL AID PRIOR TO AWARD LETTERS BEING MAILED. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HERBERT KING JR | ||||||||||||||
| PRESIDENT | $266,407 | $0 | $0 | $0 | $0 | $0 | $13,730 | $0 | $17,941 | $0 | $298,078 | $0 | $0 | $0 |
| KEVIN PHILLIPS | ||||||||||||||
| SVP OF ENROLLMENT MANAGEMENT | $194,596 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10,318 | $0 | $204,914 | $0 | $0 | $0 |
| ALYSON GILL | ||||||||||||||
| FORMER PROVOST AND DEAN OF FACULT | $175,246 | $0 | $0 | $0 | $0 | $0 | $8,051 | $0 | $9,507 | $0 | $192,804 | $0 | $0 | $0 |
| SUSAN BOYETTE | ||||||||||||||
| VP OF ADVANCEMENT | $173,207 | $0 | $0 | $0 | $0 | $0 | $5,250 | $0 | $8,031 | $0 | $186,488 | $0 | $0 | $0 |
| BLAINE HANSEN | ||||||||||||||
| EVP OF STRATEGIC OPERATION, GOVERNAN | $166,495 | $0 | $0 | $0 | $0 | $0 | $8,544 | $0 | $10,265 | $0 | $185,304 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS SHARED WITH THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION B, LINE 12C | TRUSTEES ARE REMINDED OF THE POLICY AT ALL MEETINGS. THE COLLEGE CONTROLLER MONITORS ALL ACCOUNTS PAYABLE CHECKS AND PAYMENTS TO RELATED PARTIES. |
| FORM 990, PART VI, SECTION B, LINE 15 | CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL: TRUSTEES REVIEW COMPENSATION INFORMATION FROM SIMILAR COLLEGES EACH TIME A PRESIDENT IS HIRED TO ESTABLISH FAIR COMPENSATION. OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION: PRESIDENT & CFO REVIEW COMPARABLE COMPENSATION AT EACH HIRING. |
| FORM 990, PART VI, SECTION C, LINE 18 | PUBLIC WEBSITE, ON LOCATION IN BUSINESS AFFAIRS OFFICE, NC SECRETARY OF STATE OFFICE |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS ARE IN THE PRESIDENT'S OFFICE. CONFLICT OF INTEREST POLICY IS ONLINE IN THE EMPLOYEE AND FACULTY HANDBOOKS. FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF PERPETUAL TRUSTS 260,990. CHANGE IN OTHER SPLIT-INTEREST AGREEMENTS 42,862. |
| PART XII, LINE 2C | THERE HAVE BEEN NO CHANGES IN THE PROCESSES FROM PRIOR YEAR. |
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