Louisburg College

Organization Overview

Louisburg College is located in Louisburg, NC. The organization was established in 1946. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Louisburg College employed 287 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisburg 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 05/2023, Louisburg College generated $14.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $16.5m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE A BRIDGE FOR STUDENTS TO TRANSITION FROM HIGH SCHOOL TO SENIOR COLLEGES AND UNIVERSITIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOUISBURG COLLEGE CONTINUES TO ADMIT AN INCREASING NUMBER OF STUDENTS WITH HIGHER GPA AVERAGES. CONFIRMATION OF LOUISBURG'S SUCCESS IN PREPARING STUDENTS FOR THE NEXT STEPS IN THEIR COLLEGIATE CAREERS IS EVIDENCED BY THE COLLEGE'S COURSE COMPLETION RATE AND THE NUMBER OF STUDENTS WHO TRANSFER TO FOUR YEAR INSTITUTIONS. THE COLLEGE'S CURRENT COURSE COMPLETION RATE IS 76%. OVER THE PAST FEW YEARS, AT LEAST 80% OF THE COLLEGE'S GRADUATES HAVE TRANSFERRED TO FOUR-YEAR COLLEGES AND UNIVERSITIES.


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Board, Officers & Key Employees

Name (title)Compensation
D Tadley Deberry
Chairman
$0
William R Cross
Vice Chairman
$0
William Norris
Vice Chairman
$0
Lynda C Lumpkin
Secretary
$0
Bill Boddie Jr
Trustee
$0
W Britt Cobb Jr
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Chartwells
Dining Services
$1,197,088
National Management Resources Corp
Janitorial Services
$379,948
Transact Campus
Camera Licenses
$120,668
Allred Mechanical
Hvac Services
$145,642
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $979,127
All other contributions, gifts, grants, and similar amounts not included above$1,285,769
Noncash contributions included in lines 1a–1f $8,800
Total Revenue from Contributions, Gifts, Grants & Similar$2,264,896
Total Program Service Revenue$11,936,331
Investment income $607,376
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $63,505
Net Gain/Loss on Asset Sales -$210,713
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,808,582

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