2013-11-15T06:20:26-00:00 2013-06-30 The Wesley Peachtree Group CPAs 1475 Klondike Road Suite 100 Conyers GA 30094 990 2012-07-01 620475690 LeMoyne-Owen College LEMO 9014351000 807 Walker Avenue Memphis TN 38126 Jim Dugger 9014351593 2013-11-15 true Dane Alexander 4048740555 2013-11-15 2012 2015-11-30 17:44:51Z Jim Dugger 807 Walker Ave Memphis TN 38126 19050317 false X http://www.loc.edu X 1934 TN Provide a transformative experience educating students for urban-focused leadership, scholarship, service, and professional careers. 22 21 265 26 0 6100790 5221814 13137566 12919423 41722 44406 1112769 864674 20392847 19050317 1358349 1087837 0 660080 603805 0 982839 16084046 16176821 18102475 17868463 2290372 1181854 30404897 39473929 9194226 16340402 21210671 23133527 The College is a liberal arts institution committed to fostering academic excellence and to provide high educational opportunities for a diverse population with disparate levels of academic preparations. false false 10434084 1087837 10984909 The College is a liberal arts institution committed to fostering academic excellence and to providing high quality educational opportunities for a diverse population with disparate levels of academic preparations. 1247911 1934514 Auxiliary enterprises support the colleges mission of providing quality educational opportunities. These services include but are not limited to food service, campus housing, campus post office, vending, campus store and athletics. 11681995 true true false false false false false false true true false false false true true true false true false false false false false false false false false true true false false false false false false false false true false false false false false false false false true 2316 0 265 true false false false false false false false false false false false false false X 22 21 false false false false false false false true true false false true true true true true true true true false TN X X Jim Dugger 9014351680 807 Walker Avenue Memphis TN 38126 Mr Robert Lipscomb 001.00 X X 0 0 0 Mr Carol Q Carter 001.00 X X 0 0 0 Mr Robert Simpson 001.00 X X 0 0 0 Rev John L Armstrong 001.00 X X 0 0 0 Mr Milton J Little Jr 001.00 X 0 0 0 Mr Otha Brandon 001.00 X 0 0 0 Rev Kwame Osei Reed 001.00 X 0 0 0 Dr Beverly Williams-Cleaves 001.00 X 0 0 0 Dr Thomas Leonard Gibson 001.00 X 0 0 0 Ms Emily Greer 001.00 X 0 0 0 Mr Mark D Hendricks 001.00 X 0 0 0 Mr Mickell Lowery 001.00 X 0 0 0 Rev Marvin Mercer 001.00 X 0 0 0 Mr John W Moore 001.00 X 0 0 0 Mr Allen W Pierce Sr 001.00 X 0 0 0 Dr Kenneth S Robinson 001.00 X 0 0 0 Mr Charlie E Thomas III 001.00 X 0 0 0 Mr Luke Yancy III 001.00 X 0 0 0 Mr Johnnie B Watson 040.00 X X 156139 0 12675 Dr Femi Ajanaku 001.00 X 0 0 0 Mr Michael Robinson 001.00 X 0 0 0 Dr Barbara S Frankle 040.00 X 54925 0 2879 Mr Jim Dugger 040.00 X 104213 0 31722 Ms Edythe D Cobb 040.00 X 73033 0 2952 Mr Jessie Chatman 040.00 X 62602 0 3149 Mr Roger R Brown 040.00 X 65813 0 3277 Ms Shirley Hill 040.00 X 15546 0 0 Dr Cheryl Golden 040.00 X 55203 0 6423 M Iqbal Shafi 040.00 X 72678 0 3814 660152 66891 2 false true false WG Yates & Son Construction P O Box 456 - Gully Avenue Philadelphia MS 39350 Construction Contractor 3402269 ABL Mamagement Inc P O Box 613128 Memphis TN 38101 Food Service Provider 523890 CDC Incorporated 137 MItchell Chance Road Edgewater MD 21037 Campus Security Services 449207 Empire Chemical Supply Co Inc 1384 Jackson Avenue Memphis TN 38107 Cleaning Housekeeping Services 264000 Electrical Services 4139 Raaleigh-Millington Menphis TN 38128 Electrical Services Repair 197528 10 2766292 2455522 169270 5221814 Tuition fees 611600 10984909 10984909 Sales and services of auxiliary enterprises 611710 1934514 1934514 12919423 44406 44406 Income from endowment 900099 644065 644065 Other income 900099 220609 220609 864674 19050317 13828503 0 1087837 1087837 0 0 603805 603805 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Instruction 4235309 4235309 Student Services 3916724 3916724 Academic Support 1363945 1286 1362659 Auxiliary Enterprises 1247911 1247911 5412932 1192928 3237165 982839 17868463 11681995 5203629 982839 3067641 3664812 954696 821322 1736706 881076 674153 814512 148240 183811 76554 127245 36176253 17837066 10142651 18339187 13078021 14113608 526235 528356 30404897 39473929 1320258 1391541 828000 6958420 13808980 87548 1139881 9194226 16340402 X 9167593 10903604 1721432 1835354 10321646 10394569 21210671 23133527 30404897 39473929 X 1181854 741002 X false true X true true true X 0.00000 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 10321646 72923 1385067 741002 644065 10394569 10186447 135199 10321646 10970878 1339496 1339496 784431 10186447 10970878 818624 818624 10970878 10908343 62535 10970878 1.00000 true false 1285109 1285109 6838868 6838868 14637153 9307047 5330106 13415123 8530019 4885104 18339187 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Capital lease obligations 1139881 1139881 19791319 741002 741002 19050317 19050317 17105199 -763264 -763264 17868463 17868463 X 4 The endowment funds shown are considered permanently restricted. The College does not intend to use the funds. X 2 Accounting principles generally accepted in the United States of America require the Colleges management to evaluate tax positions taken by the College and to recognize a tax liability or asset if the College has taken an uncertain tax position that will more-likely-than-not be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken by the College for the year ended June 30, 2013 and believe that there are no such positions as of X 2 June 30, 2013. Accordingly, no liability has been accrued. true true true true true true true false false false false false false false false true false true Part I 6a The College has adequate staff in its programs with eligibility guidelines to ensure compliance. The College also undergoes the required OMB Circular A-133 audit. true Privately Funded Student Scholarships 684 1087837 III 1 All scholarships are awarded based upon specific criteria maintined by the financial aid office. Requirements for receiving scholarships depends on other factors such as grade point average, family income or economic need. The Collges financial aid staff monitors guidelines to ensure compliance. The College also undergoes the required OMB Circular A-133 audit annually. true true X X false false false false false false false false false Mr Johnnie B Watson 156139 4800 7875 168814 X Computer Software 1 169270 FMV false true false Form 990 Part VI Section B Line 12c Trustees are required to disclose at the next convening Board of Trustees meeting any conflict of interest. Board members with a conflict of interest with a matter for vote must abstain from voting. The Colleges audit committee is responsible for ensuring adherence to the policy. Form 990 Part VI Section B Line 15a The Board of Trustees, based on predetermined areas of performance evaluates the work of the President annually. The Boards Evaluation and Compensation Committee evaluates the performance. When additional compensation is deemed appropriate, a review of salaries at peer institutions is conducted to assist in arriving at a recommendation to the Executive Committee for approval. Form 990 Part VI Section B Line 15b Compensation for top officers of the College is at the discretion of the President. This discretion is based on 1 previous salary history and 2 market data from the CUPA Survey published in the Chronicle of Higher Education. Form 990 Part VI Section B Line 11b The College presents the Form 990 to its finance/ audit committee for review when the form is ready. Depending on when the committee meets and the due date of the return, the Form 990 is either modified before it is filed or an amendment is filed for any changes required by the finance/ audit committee review. Form 990 Part VI Line 19 The College makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. To obtain copies, contact the business office and submit a request identifying the specific documents. Form 990 Part XI Line 5 The College presents its changes in net assets or fund balances separate from revenues and expenses. The balance is representative of gains and losses on investments during the fiscal year.