Hannibal-Lagrange University
- Assets
- $24.0m
- Revenue
- $21.5m
- Investments
- $78.7k
- Employees
- 397
- Location
- Hannibal, MO
- Founding
- 03/1965
- Data as of
- 06/2022
- 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 06/2022, Hannibal-Lagrange University employed 397 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 06/2022, Hannibal-Lagrange University generated $21.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $20.8m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN EXCELLENT LIBERAL ARTS EDUCATION IN A DISTINCTIVELY CHRISTIAN ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: HANNIBAL-LAGRANGE UNIVERSITY (HLGU) PROVIDES A DIVERSE RANGE OF ACADEMIC PROGRAMS INCLUDING 36 BACCALAUREATE DEGREES, THREE ASSOCIATE DEGREES, ONE CERTIFICATE PROGRAM, AND SIX GRADUATE DEGREES. THE UNIVERSITY OFFERS DEGREES IN VARIOUS FIELDS SUCH AS CHRISTIAN MINISTRY, PSYCHOLOGY, THEATER, EDUCATION, NURSING, AND THE SCIENCES. HLGU OFFERS A ROBUST LIBERAL ARTS EDUCATION THROUGH ITS CORE CURRICULUM THAT SEAMLESSLY INTEGRATES VARIOUS ACADEMIC DISCIPLINES. ADDITIONALLY, THE UNIVERSITY PROVIDES MASTER'S DEGREES IN EDUCATION AND LEADERSHIP.
AT HANNIBAL-LAGRANGE UNIVERSITY, STUDENTS HAVE ACCESS TO A COMPREHENSIVE RANGE OF SERVICES DESIGNED TO ENRICH THEIR EDUCATIONAL EXPERIENCE. THESE SERVICES INCLUDE CAREER PLANNING AND PLACEMENT, COUNSELING, FINANCIAL AID, A DIVERSE RANGE OF ATHLETIC PROGRAMS FOR BOTH MEN AND WOMEN, INTRAMURAL AND CLUB SPORTS PROGRAMS, AND AN ARRAY OF STUDENT ACTIVITIES. THE UNIVERSITY ALSO OFFERS THEATER PROGRAMS, CONCERTS, AND A VARIETY OF CAMPUS MINISTRY PROGRAMS, INCLUDING MINISTRY TEAMS, INTERNATIONAL MISSIONS, AND SERVICE EXPERIENCE OPPORTUNITIES. THESE SERVICES ALIGN WITH HLGU'S MISSION STATEMENT, WHICH EMPHASIZES THE UNIVERSITY'S COMMITMENT TO POSITIVELY IMPACTING LIVES AND COMMUNITIES THROUGH RELEVANT EDUCATION THAT IS ANCHORED IN A BIBLICAL WORLDVIEW.
HANNIBAL-LAGRANGE UNIVERSITY PROVIDES RESIDENTIAL FACILITIES FOR APPROXIMATELY 550 STUDENTS. THE UNIVERSITY OFFERS AN ARRAY OF LIVING OPTIONS, RANGING FROM COMMUNITY-STYLE DORMITORIES TO PRIVATE BEDROOMS. FRESH IDEAS, THE UNIVERSITY'S DINING SERVICES, PROVIDE MEALS TO STUDENTS AND RUN A SANDWICH AND COFFEE SHOP ON CAMPUS. ADDITIONALLY, THE STUDENT LIFE CENTER HOUSES THE CAMPUS STORE, WHICH IS MANAGED BY OUR CAMPUS STORE MANAGER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Anderson Vice Chairman (part Year)/chairman | OfficerTrustee | 1 | $0 |
Tyler Foster Chairman (part Year)/vice Chairman | OfficerTrustee | 1 | $0 |
Michael Atherton Treasurer | OfficerTrustee | 1 | $0 |
Glenn Miller Treasurer (part Year) | OfficerTrustee | 1 | $0 |
Bobbie Crane Secretary | OfficerTrustee | 1 | $0 |
Randy Harr Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Management Resources Physical Plant Services | 6/29/22 | $420,090 |
Fresh Ideas Food Services | 6/29/22 | $987,942 |
Peter's Heat And Air Hvac Services | 6/29/22 | $186,895 |
Aspen Contracting Repair Services | 6/29/22 | $172,053 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $640 |
| Related organizations | $0 |
| Government grants | $2,134,664 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,612,163 |
| Noncash contributions included in lines 1a–1f | $125,340 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,747,467 |
| Total Program Service Revenue | $14,975,287 |
| Investment income | $5,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $166,045 |
| Net Income from Fundraising Events | $65,937 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,481,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,837,326 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $728,978 |
| Compensation of current officers, directors, key employees. | $79,314 |
| Compensation to disqualified persons | $37,898 |
| Other salaries and wages | $4,630,159 |
| Pension plan accruals and contributions | $76,477 |
| Other employee benefits | $358,932 |
| Payroll taxes | $335,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,453 |
| Fees for services: Other | $1,402,607 |
| Advertising and promotion | $70,963 |
| Office expenses | $610,382 |
| Information technology | $240,873 |
| Royalties | $0 |
| Occupancy | $1,168,954 |
| Travel | $160,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,409 |
| Interest | $384,179 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,141,577 |
| Insurance | $357,289 |
| All other expenses | $312,795 |
| Total functional expenses | $20,835,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,177 |
| Savings and temporary cash investments | $194,038 |
| Pledges and grants receivable | $158,072 |
| Accounts receivable, net | $529,827 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $192,062 |
| Inventories for sale or use | $101,220 |
| Prepaid expenses and deferred charges | $124,241 |
| Net Land, buildings, and equipment | $18,850,572 |
| Investments—publicly traded securities | $386,578 |
| Investments—other securities | $78,713 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,407,034 |
| Total assets | $24,028,534 |
| Accounts payable and accrued expenses | $404,072 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $8,315,316 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $715,662 |
| Total liabilities | $9,435,050 |
| Net assets without donor restrictions | $4,353,213 |
| Net assets with donor restrictions | $10,240,271 |
| 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 | $24,028,534 |