Hannibal-Lagrange University
- Assets
- $29.3m
- Revenue
- $20.8m
- Investments
- $135.7k
- Employees
- 420
- Location
- Hannibal, MO
- Founding
- 03/1965
- Data as of
- 06/2021
- EIN
- 43-1007642
Organization Overview
Hannibal-Lagrange University is located in Hannibal, MO. The organization was established in 1965. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Hannibal-Lagrange University employed 420 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hannibal-Lagrange University 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 06/2021, Hannibal-Lagrange University generated $20.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $20.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN EXCELLENT LIBERAL ARTS EDUCATION IN A DISTINCTIVELY CHRISTIAN ENVIRONMENT, THUS PREPARING STUDENTS FOR BOTH PERSONAL AND CAREER EFFECTIVENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: APPROXIMATELY 800 STUDENTS ENROLLED IN VARIOUS PROGRAMS WITH THE MAJORITY OF STUDENTS RECEIVING INSTITUTIONAL AID
AUXILIARY SERVICES (DORMS, DINING HALL, BOOK NOOK, ETC.): APPROXIMATELY 500 STUDENTS RECEIVING DINING SERVICES, HOUSING, ETC.
EDUCATION: APPROXIMATELY 800 STUDENTS ENROLLED IN VARIOUS PROGRAMS WITH THE MAJORITY OF STUDENTS RECEIVING INSTITUTIONAL AID
AUXILIARY SERVICES (DORMS, DINING HALL, BOOK NOOK, ETC.): APPROXIMATELY 500 STUDENTS RECEIVING DINING SERVICES, HOUSING, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Anthony Allen President | Officer | 40 | $245,974 |
Miles Mullin VP Academic Administration | 40 | $106,958 | |
Tyler Foster Chairman | OfficerTrustee | 1 | $0 |
Bobbie Crane Secretary | OfficerTrustee | 1 | $0 |
Glenn Miller Treasurer | OfficerTrustee | 1 | $0 |
Mark Anderson Vice Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,678,206 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,777,037 |
| Noncash contributions included in lines 1a–1f | $70,782 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,455,243 |
| Total Program Service Revenue | $14,132,639 |
| Investment income | $36,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,779,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,730,345 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,047,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,169,833 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $283,578 |
| Advertising and promotion | $80,940 |
| Office expenses | $117,912 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,105,660 |
| Travel | $126,229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,536 |
| Interest | $451,315 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,129,865 |
| Insurance | $356,138 |
| All other expenses | $527,022 |
| Total functional expenses | $20,828,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,214 |
| Pledges and grants receivable | $486,155 |
| Accounts receivable, net | $6,887,903 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $172,482 |
| Prepaid expenses and deferred charges | $160,595 |
| Net Land, buildings, and equipment | $19,696,697 |
| Investments—publicly traded securities | $840,614 |
| Investments—other securities | $135,681 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $847,748 |
| Total assets | $29,291,089 |
| Accounts payable and accrued expenses | $143,740 |
| Grants payable | $0 |
| Deferred revenue | $5,733,182 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,033,649 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,206,263 |
| Total liabilities | $17,116,834 |
| Net assets without donor restrictions | $3,537,667 |
| Net assets with donor restrictions | $8,636,588 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $29,291,089 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hannibal-Lagrange University has recieved totaling $25,781.
| Awarding Organization | Amount |
|---|---|
George H Riedel Foundation Hannibal, MO PURPOSE: PROGRAM SUPPORT | $25,781 |
Endowment Analysis
| Beg. Balance | $8,530,332 |
| Earnings | $270,391 |
| Net Contributions | $14,385 |
| Ending Balance | $8,815,108 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quincy University Corporation Quincy, IL | $59,925,155 | $50,168,607 |
Hastings College Hastings, NE | $158,855,744 | $47,033,003 |
Milligan University Milligan, TN | $122,087,054 | $57,184,968 |
Carson-Newman University Jefferson City, TN | $160,428,637 | $65,286,029 |
Tusculum University Greeneville, TN | $114,694,317 | $47,879,632 |
King University Bristol, TN | $69,555,277 | $42,931,439 |
Trinity Christian College Association Palos Heights, IL | $83,939,338 | $40,620,305 |
Greenville College Greenville, IL | $71,799,510 | $45,500,420 |
Clarke University Of Dubuque Iowa Dubuque, IA | $72,952,113 | $42,449,331 |
Newman University Inc Wichita, KS | $79,433,180 | $42,694,112 |
Missouri Valley College Marshall, MO | $51,178,599 | $44,171,288 |
Mcpherson College Mcpherson, KS | $110,145,615 | $65,375,899 |