Lemoyne Owen College

Organization Overview

Lemoyne Owen College, operating under the name LeMoyne-Owen College, is located in Memphis, TN. The organization was established in 1956. 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, LeMoyne-Owen College employed 236 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LeMoyne-Owen 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, LeMoyne-Owen College generated $20.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $20.5m during the year ending 06/2022. While expenses have increased by 1.4% 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

PROVIDE A TRANSFORMATIVE EXPERIENCE EDUCATING STUDENTS FOR URBAN-FOCUSED LEADERSHIP, SCHOLARSHIP, SERVICE, AND PROFESSIONAL CAREERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COLLEGE IS A LIBERAL ARTS INSTITUTION COMMITTED TO FOSTERING ACADEMIC EXCELLENCE AND PROVIDING HIGH QUALITY EDUCATIONAL OPPORTUNITIES FOR A DIVERSE POPULATION WITH DISPARATE LEVELS OF ACADEMIC PREPARATION.


AUXILIARY ENTERPRISES SUPPORT THE COLLEGES MISSION OF PROVIDING QUALITY EDUCATIONAL OPPORTUNITIES. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO FOOD SERVICE, CAMPUS HOUSING, CAMPUS POST OFFICE, VENDING, CAMPUS STORE AND ATHLETICS.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Vernell Bennett-Fairs
President
$230,000
Dr Lisa J Lang
Provost Vice President For Academic Affairs
$154,500
Mr Charles Elliott
Chief Information Officer
$149,350
Dr Tara J Dunn-Ross
Vice President, Student Affairs
$105,000
Mr Curtis E Creagh
Vice President, Administration Finance Chief Financial Officer
$104,288
Ms Cynthia L Shelton
Chief Administrative Officer
$100,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Abl Management Inc
Food Service Provider
$0
Top Notch Security Inc
Campus Security
$0
Ellucian Support Inc
Information Technology Consultant
$0
R&s Consulting
Information Technology Consultant
$0
Worldwide Professional Service
Campus Cleaning Services
$0
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $7,072,457
All other contributions, gifts, grants, and similar amounts not included above$3,296,979
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$10,369,436
Total Program Service Revenue$8,962,513
Investment income $721,237
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 $20,712,048

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