2015-02-06T15:10:44-08:00 2014-06-30 Hoskins & Company PC 1900 Church Street Suite 200 Nashville TN 37203 990 2013-07-01 620570060 LANE COLLEGE LANE 7314267539 545 LANE AVENUE JACKSON TN 38301 MELVIN HAMLETT CFO 2015-02-06 true Harvey E Hoskins CPA P00290898 6153217333 2013 2016-04-25 22:37:26Z 25778936 false false X http://www.lanecollege.edu/ X 1909 TN LANE COLLEGE IS A PRIVATE,CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING,INSTRUCTION AND SUPPORT SERVICES. 21 21 298 0 5796185 4988398 18868594 19982642 132626 371761 240620 295797 25038025 25638598 849357 899035 0 12580975 12224305 0 40892 12209899 12485419 25640231 25608759 -602206 29839 59402214 58727242 29449149 28762808 29953065 29964434 LANE COLLEGE IS A PRIVATE,CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING,INSTRUCTION AND SUPPORT SERVICES. false false 22821705 4335882 20081411 LANE COLLEGE IS AN INSTITUTE OF HIGHER EDUCATION AND PROVIDES INSTRUCTION SCHOLARSHIPS AND VARIOUS SUPPORT SERVICES IN ACHIEVING ITS PRIMARY PURPOSE OF EDUCATING STUDENTS. 22821705 true true false false false false false false false true true true false true true false true false true false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false false true 46 0 false 298 true false false false false false false false false 0 false false false false false false false false false false X 21 21 false false false false false false false true true false false true true true true false false true true false X X MELVIN HAMLETT 7314267539 545 LANE AVENUE JACKSON TN 38301 DrWesley C McClure Pres.(Deceased) 50.00 0.00 X X 240542 0 0 Mr Harold Byrd Trustee 5.00 0.00 X 0 0 0 Dr Bryan L Champion Trustee 5.00 0.00 X 0 0 0 Dr Tyrone Davis Trustee 5.00 0.00 X 0 0 0 Ms Tisa Day Trustee 5.00 0.00 X 0 0 0 Bishop Thomas L Brown SR Vice Chariman 5.00 0.00 X X 0 0 0 Dr Jacqueline Burton Trustee 5.00 0.00 X 0 0 0 Ms Jesse N Carpenter Trustee 5.00 0.00 X 0 0 0 DrCarmichael Crutchfield Trustee 5.00 0.00 X 0 0 0 Dr Louis E Cunningham Director 5.00 0.00 X 0 0 0 Dr Phedonia J Johnson Trustee 5.00 0.00 X 0 0 0 Dr Warner Dickerson Trustee 5.00 0.00 X 0 0 0 Bishop William H Graves Trustee 5.00 0.00 X 0 0 0 Rev William Gant Trustee 5.00 0.00 X 0 0 0 Dr William E George Director 5.00 0.00 X 0 0 0 Dr Tequila Harris Trustee 5.00 0.00 X 0 0 0 Dr Mose Y Brooks Hooks Trustee 5.00 0.00 X 0 0 0 Dr Satish Mahajan Faculty Rep 5.00 0.00 X 0 0 0 CALVIN WALKER Student Rep 5.00 0.00 X 0 0 0 Bishop Lawrence L Reddick III Chairman 5.00 0.00 X X 0 0 0 Rev Charles E Winfrey Jr Secretary 5.00 0.00 X X 0 0 0 MrJesse J Tyson Trustee 5.00 0.00 X 0 0 0 240542 1 false true false CYNTHIA MANUEL INDUSTRIAL P O BOX 34 PINSON TN 38366 CLEANING SERVICES 2238255 GOURMET SERVICES 82 PIEDMONT AVENUE ATLANTA GA 30303 FOOD SERVICES 1734978 GOLDEN CIRCLE INSURANCE P O BOX 293 BROWNSVILLE TN 38012 P & C INSURANCE 284446 LAWRENCE SERVICE 245 PRESTON STREET JACKSON TN 38301 SERVICES 121285 OSEMAN INSURANCE AGENCY 6750 POPLAR SUITE 410 GERMANTOWN TN 38138 INSURANCE 312069 10 4335885 652513 4988398 Auxiliary Enterprises 611710 5918241 5918241 Student tuition and fees 611710 14064401 14064401 19982642 371761 371761 0 0 0 0 0 0 239104 140338 98766 98766 Indirect Cost Reimb. 611710 120155 120155 OTHER SERVICES 611710 76876 76876 197031 25638598 20179673 470527 X 0 899035 899035 0 0 240542 69757 129893 40892 0 10173610 8356144 1817466 0 1052892 880535 172357 757261 613469 143792 250750 250750 0 0 0 0 0 5094428 4907945 186483 0 0 0 0 0 335365 313540 21825 0 0 1256415 1256415 0 1610593 1610593 0 UTILITIES 1192916 1183915 9001 Insurance, licenses, and taxes 689650 689650 Repairs&Maintenance 316835 294227 22608 Books, magazines, & periodical 292787 292787 1445680 1202943 242737 25608759 22821705 2746162 40892 4039460 5283305 0 1179847 716410 199686 531479 0 0 233779 58054 311909 191841 652448 655474 63894875 22783092 42646480 41111783 0 3846596 4290757 0 0 6292009 5888139 59402214 58727242 1380625 1335224 19408 31136 27915361 27362203 100000 33755 34245 29449149 28762808 X 27456213 27395300 814817 908014 1682035 1661120 29953065 29964434 59402214 58727242 X 29839 -18470 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2230384 68977 443115 528579 2213897 2120785 46938 62661 2230384 1513228 560604 46953 2120785 1408310 29375 75543 1513228 1163918 82264 162128 1408310 0.75000 0.25000 true false false 823947 823947 48126186 12607462 35518724 2149822 489891 1659931 12794920 9685739 3109181 41111783 4290757 ART COLLECTION 5000 Cash Value of Life Insurance 15786 Deposits 26000 Loan Escrow Deposits 1259928 loan Financing Cost 2130403 Notes Receivables 164128 Real Estate 318592 Restricted Deposits & funded Reserves 1968302 5888139 Deposit & Other Liabilities 32617 Deposit held in custody for others 1628 34245 24739563 -899035 -899035 25638598 25638598 24729994 20270 20270 24709724 899035 899035 25608759 Part V, Line 4: Intended uses of the endowment fund. Provide Scholarships. Part XII, Line 2d: Other expenses and losses per audited F/S Purchases of books $0 Purchase for resale $20270 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S STUDENT ASSISTANCE $899035 true true true true true true true false false false false false false false false true false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race true 0 0 STUDENT ASSISTANCE 899035 Grantmaker's Description of How Grants are Used THE COLLEGE HAS A VERY EXTENSIVE APPLICATION FOR FINANCIAL AID WHICH IS CONSISTENTLY MONITORED AND SUBJECTED TO EXTERNAL AUDITS. X true true X X X false false false false false false false false false false DrWesley C McClure Pres.(Deceased) 240542 240542 Part I, Line 1a: Relevant information in regards to selections on 1a. Form 990, Part VI, Line 11b: Form 990 Review Process Reviewed by Audit and Finance Committee. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Upon Request. Other Changes In Net Assets Or Fund Balances - Other Decreases Prior period Audit reconcilation = -$18470