Lake Erie College

Organization Overview

Lake Erie College is located in Painesville, OH. The organization was established in 1929. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Lake Erie College employed 512 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Erie College 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 Erie College generated $38.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $38.9m during the year ending 06/2022. While expenses have increased by 1.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

LAKE ERIE COLLEGE PROVIDES AN EXCELLENT, INCLUSIVE, AND HIGHLY PERSONALIZED EDUCATION GROUNDED IN THE LIBERAL ARTS TRADITION. GUIDED BY HOPE AND CARE, OUR STUDENTS ARE EMPOWERED TO LEAD LIVES OF PERSONAL SIGNIFICANCE AND PROFESSIONAL SUCCESS AS GLOBAL CITIZENS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COLLEGE PROVIDED INSTRUCTIONAL COURSES TO ITS 837 UNDERGRADUATE AND 287 GRADUATE STUDENTS IN ADDITION TO PROVIDING CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT COURSES AND WORKSHOPS. IT ALSO PROVIDED STUDENT SERVICES FOR ADMISSIONS, REGISTRATION, ADVISING, ATHLETIC PROGRAMS AND ACADEMIC SUPPORT INCLUDING LIBRARY RESOURCES, A LEARNING CENTER, ANIMAL CARE AND SUPPORT, AND FACULTY AND CURRICULUM DEVELOPMENT. AS NECESSARY AUXILIARY OPERATIONS, THE COLLEGE OPERATED RESIDENCE HALLS, DINING SERVICES, A BOOKSTORE, AND THE EQUESTRIAN CENTER, WHICH INCLUDES A HORSE ARENA, CLASSROOMS AND BOARDING FACILITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Elizabeth Abraham
Director
$0
Harold Anderson
Director
$0
Ron Baumberger
Director
$0
Doris Roach Bray
Director
$0
Mike Bryan
Director
$0
Dr Donald Decarlo
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Metz & Associates
Dining Services
$1,229,362
Rainforest Village
Off-campus Housing
$506,471
Precious Cargo Transportation
Transportation
$193,425
Mediaobsessions Llc
Audiovisual
$146,483
Gornik's Landscaping Llc
Campus Groundkeeping
$189,887
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,528,029
All other contributions, gifts, grants, and similar amounts not included above$5,664,275
Noncash contributions included in lines 1a–1f $15,000
Total Revenue from Contributions, Gifts, Grants & Similar$9,192,304
Total Program Service Revenue$29,112,134
Investment income $666,303
Tax Exempt Bond Proceeds $1,875
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$193,066
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $38,779,550

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