Lagrange College
- Assets
- $157.9m
- Revenue
- $43.4m
- Investments
- $1.4m
- Employees
- 749
- Location
- Lagrange, GA
- Founding
- 04/1942
- Data as of
- 06/2021
- EIN
- 58-0566199
Organization Overview
Lagrange College is located in Lagrange, GA. The organization was established in 1942. 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, Lagrange College employed 749 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lagrange 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 06/2021, Lagrange College generated $43.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $39.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION - LAGRANGE COLLEGE CHALLENGES THE MINDS AND INSPIRES THE SOULS OF ITS STUDENTS FOUNDED IN 1831 AND COMMITTED TO ITS RELATIONSHIP WITH THE UNITED METHODIST CHURCH AND ITS WESLEYAN AND LIBERAL ARTS TRADITIONS, THE COLLEGE SUPPORTS STUDENTS IN THEIR SEARCH FOR TRUTH AN ETHICAL AND CARING COMMUNITY VALUING CIVILITY, DIVERSITY, SERVICE AND EXCELLENCE. LAGRANGE COLLEGE PREPARES STUDENTS TO BECOME SUCCESSFUL, RESPONSIBLE CITIZENS WHO ASPIRE TO LIVE LIVES OF INTEGRITY AND MORAL COURAGE.
Describe the Organization's Program Activity:
LAGRANGE COLLEGE OFFERS A BACHELOR OF ARTS DEGREE WITH 19 MAJORS, A BACHELOR OF SCIENCE DEGREE IN 5 AREAS, A BACHELOR OF BUSINESS ADMINISTRATION, A BACHELOR OF MUSIC, AND A BACHELOR OF SCIENCE DEGREE IN NURSING. IN ADDITION, DURING THE 2020-2021 ACADEMIC YEAR, THERE WERE 750 UNDERGRADUATE AND 105 GRADUATE STUDENTS ENROLLED AT THE COLLEGE. OF THAT NUMBER 473 WERE RESIDENTIAL. DURING THE SPRING 2021 COMMENCEMENT, THE COLLEGE AWARDED 261 DEGREES. DURING THE YEAR, THERE WERE 348 STUDENTS WHO PARTICIPATED IN AT LEAST ONE OF THE COLLEGE'S NCAA DIVISION III ATHLETIC PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Mcalexander Former President | 40 | $240,048 | |
Karen Aubrey VP For Academic Affairs | 40 | $152,971 | |
Deborah Hall VP - Finance And Operations | Officer | 40 | $148,062 |
Brian Carlisle Student Engagement | 40 | $135,174 | |
Susanna Baxter President | OfficerTrustee | 40 | $131,627 |
Rebecca Nicks Vice President | 40 | $126,055 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Management Resources Corporatio Maintenance And Housekeeping Services | 6/29/21 | $1,892,803 |
Aramark Corporation Dining & Catering Service | 6/29/21 | $1,637,292 |
Group & Pension Administrators Inc Tpa Service Provider | 6/29/21 | $552,730 |
Securitas Security Services Usa Inc Security Services | 6/29/21 | $289,226 |
Wecare Tlc Llc Medical Clinic Services | 6/29/21 | $281,573 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,606,533 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,912,626 |
| Noncash contributions included in lines 1a–1f | $353,280 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,519,159 |
| Total Program Service Revenue | $31,097,033 |
| Investment income | $495,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,239,134 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,354,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,815,901 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $481,054 |
| Compensation of current officers, directors, key employees. | $230,908 |
| Compensation to disqualified persons | $183,958 |
| Other salaries and wages | $9,891,403 |
| Pension plan accruals and contributions | $203,418 |
| Other employee benefits | $1,989,424 |
| Payroll taxes | $733,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,475 |
| Fees for services: Accounting | $134,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $145,124 |
| Fees for services: Other | $166,879 |
| Advertising and promotion | $52,505 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,547,966 |
| Travel | $149,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,501,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,593,461 |
| Insurance | $23,407 |
| All other expenses | $0 |
| Total functional expenses | $39,666,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,357,912 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,708,260 |
| Accounts receivable, net | $4,440,570 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,484,605 |
| Inventories for sale or use | $197,713 |
| Prepaid expenses and deferred charges | $389,409 |
| Net Land, buildings, and equipment | $65,517,617 |
| Investments—publicly traded securities | $60,920,220 |
| Investments—other securities | $1,363,242 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,538,606 |
| Total assets | $157,918,154 |
| Accounts payable and accrued expenses | $1,402,015 |
| Grants payable | $0 |
| Deferred revenue | $270,690 |
| Tax-exempt bond liabilities | $29,196,130 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $593,612 |
| Unsecured mortgages and notes payable | $2,489,065 |
| Other liabilities | $1,594,225 |
| Total liabilities | $35,545,737 |
| Net assets without donor restrictions | $47,430,124 |
| Net assets with donor restrictions | $74,942,293 |
| 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 | $157,918,154 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lagrange College has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Edmund C Glover Foundation Inc West Point, GA PURPOSE: CONTRIBUTION | $3,000 |
Endowment Analysis
| Beg. Balance | $48,401,939 |
| Earnings | $14,544,904 |
| Net Contributions | $1,694,445 |
| Other Expense | $3,556,609 |
| Ending Balance | $61,084,679 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eckerd College St Petersburg, FL | $226,479,498 | $127,879,721 |
Anderson University Anderson, SC | $269,873,980 | $130,183,026 |
Wofford College Spartanburg, SC | $486,613,567 | $116,076,279 |
Palm Beach Atlantic University Inc West Palm Beach, FL | $243,912,659 | $119,213,584 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
Ringling College Of Art And Design Inc Sarasota, FL | $401,598,018 | $119,229,866 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Bethune-Cookman University Daytona Beach, FL | $214,110,723 | $117,726,569 |