Lincoln Memorial University
- Assets
- $357.5m
- Revenue
- $200.5m
- Investments
- $4.8m
- Employees
- 2,209
- Location
- Harrogate, TN
- Founding
- 04/1942
- Data as of
- 06/2022
- EIN
- 62-0479542
Organization Overview
Lincoln Memorial University is located in Harrogate, TN. The organization was established in 1942. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Lincoln Memorial University employed 2,209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Memorial 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, Lincoln Memorial University generated $200.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $164.2m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 6 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LINCOLN MEMORIAL UNIVERSITY IS A VALUES-BASED LEARNING COMMUNITY DEDICATED TO PROVIDING EDUCATIONAL EXPERIENCES IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES.
Describe the Organization's Program Activity:
UNDERGRADUATE/GRADUATE PROGRAMS THE UNIVERSITY STRIVES TO GIVE STUDENTS A FOUNDATION FOR A MORE PRODUCTIVE LIFE BY UPHOLDING THE PRINCIPLES OF ABRAHAM LINCOLN'S LIFE: A DEDICATION TO INDIVIDUAL LIBERTY, RESPONSIBILITY, AND IMPROVEMENT; A RESPECT FOR CITIZENSHIP; RECOGNITION OF THE INTRINSIC VALUE OF HIGH MORAL AND ETHICAL STANDARDS; AND A BELIEF IN A PERSONAL GOD. THE UNIVERSITY IS COMMITTED TO TEACHING, RESEARCH, AND SERVICE. THE UNIVERSITY'S CURRICULUM AND COMMITMENT TO QUALITY INSTRUCTION AT EVERY LEVEL ARE BASED ON THE BELIEFS THAT GRADUATES MUST BE ABLE TO COMMUNICATE CLEARLY AND EFFECTIVELY IN AN ERA OF RAPIDLY AND CONTINUOUSLY EXPANDING COMMUNICATION TECHNOLOGY, MUST HAVE AN APPRECIABLE DEPTH OF LEARNING IN A FIELD OF KNOWLEDGE, MUST APPRECIATE AND UNDERSTAND THE VARIOUS WAYS BY WHICH WE COME TO KNOW OURSELVES AND THE WORLD AROUND US, AND MUST BE ABLE TO EXERCISE INFORMED JUDGEMENTS. THE UNIVERSITY BELIEVES THAT ONE OF THE MAJOR CORNERSTONES OF MEANINGFUL EXISTENCE IS SERVICE TO HUMANITY. BY MAKING EDUCATIONAL AND RESEARCH OPPORTUNITIES AVAILABLE TO STUDENTS WHERE THEY LIVE AND THROUGH VARIOUS RECREATIONAL AND CULTURAL EVENTS OPEN TO THE COMMUNITY, LINCOLN MEMORIAL UNIVERSITY SEEKS TO ADVANCE LIFE IN THE CUMBERLAND GAP AREA AND THROUGHOUT THE REGION THROUGH ITS TEACHING, RESEARCH, AND SERVICE MISSION.
DEBUSK COLLEGE OF MEDICINE (DCOM) STATEMENT COMMITTED TO THE PREMISE THAT THE CORNERSTONE OF MEANINGFUL EXISTENCE IS SERVICE TO HUMANITY. THE MISSION OF LMU-DCOM IS ACHIEVED BY: TEACHING, RESEARCH, SERVICE, INCLUDING OSTEOPATHIC CLINICAL SERVICE AND STUDENT ACHIEVEMENT; NEEDS OF PEOPLE WITHIN THE APPALACHIAN REGION AND BEYOND; RURAL COMMUNITIES SUPPORTED BY SUPERIOR FACULTY AND TECHNOLOGY; CARE, DIVERSITY AND PUBLIC SERVICE AS AN ENDURING COMMITMENT TO RESPONSIBILITY AND HIGH ETHICAL STANDARDS.
THE LINCOLN MEMORIAL UNIVERSITY-DUNCAN SCHOOL OF LAW BUILDS UPON A FOUNDATION THAT UPHOLDS THE PRINCIPLES OF ABRAHAM LINCOLNS LIFE: A DEDICATION TO INDIVIDUAL LIBERTY, RESPONSIBILITY, AND IMPROVEMENT; A RESPECT FOR CITIZENSHIP; RECOGNITION OF THE INTRINSIC VALUE OF HIGH MORAL AND ETHICAL STANDARDS; AND A BELIEF IN A PERSONAL GOD. THROUGH TEACHING, RESEARCH AND SERVICE, THE LINCOLN MEMORIAL UNIVERSITY-DUNCAN SCHOOL OF LAW WILL PREPARE GRADUATES: 1. WHO ARE COMMITTED TO THE PREMISE THAT THE CORNERSTONE OF MEANINGFUL EXISTENCE IS SERVICE TO HUMANITY; 2. WHO UNDERSTAND THEIR PROFESSIONAL RESPONSIBILITIES AS REPRESENTATIVES OF CLIENTS, OFFICERS OF THE COURTS, AND PUBLIC CITIZENS RESPONSIBLE FOR THE QUALITY AND AVAILABILITY OF JUSTICE UNDER THE LAW; AND 3. WHO HAVE AN UNDERSTANDING OF THE FUNDAMENTAL PRINCIPLES OF PUBLIC AND PRIVATE LAW, AN UNDERSTANDING OF THE NATURE, BASIS AND ROLE OF THE LAW AND ITS INSTITUTIONS, AND THE SKILLS OF LEGAL ANALYSIS AND WRITING, ISSUE RECOGNITION, REASONING, PROBLEM SOLVING, ORGANIZATION, AND ORAL AND WRITTEN COMMUNICATION NECESSARY TO PARTICIPATE EFFECTIVELY IN THE LEGAL PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene C Hess President Of | OfficerTrustee | 40 | $436,668 |
Christopher Loyke Assoc Prof/a | Officer | 40 | $348,618 |
Denise Terese-Koch Dean/chief A | Officer | 40 | $317,618 |
Douglas Pearsall Weston Assistant Pr | Officer | 40 | $298,694 |
Leah Snodgrass Assoc Prof/p | Officer | 40 | $272,207 |
Stacy Anderson Asst Prof Of | Officer | 40 | $259,696 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shoffner Kalthoff Mes Inc Contractor | 6/29/21 | $3,642,034 |
Chartwells Dining Services Catering | 6/29/21 | $2,335,712 |
Cdwg (Computer Disc Warehouse) Technology | 6/29/21 | $2,085,914 |
Smarter Systems Llc Technology | 6/29/21 | $2,227,683 |
Powell Valley Electric Co-op Utilities | 6/29/21 | $1,655,822 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,636,614 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,865,829 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,502,443 |
| Total Program Service Revenue | $190,622,131 |
| Investment income | $1,060,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $89,989 |
| Net Gain/Loss on Asset Sales | $81,260 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,996 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,478,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,559,395 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $646,713 |
| Compensation of current officers, directors, key employees. | $646,713 |
| Compensation to disqualified persons | $246,594 |
| Other salaries and wages | $62,452,166 |
| Pension plan accruals and contributions | $2,166,473 |
| Other employee benefits | $8,308,750 |
| Payroll taxes | $4,491,748 |
| 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 | $8,593,660 |
| Advertising and promotion | $1,849,174 |
| Office expenses | $1,157,295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,471,674 |
| Travel | $2,739,590 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,349,973 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,797,974 |
| Insurance | $1,508,832 |
| All other expenses | $5,165,883 |
| Total functional expenses | $164,166,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,365,855 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,998,467 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $48,677 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,670,768 |
| Net Land, buildings, and equipment | $246,185,442 |
| Investments—publicly traded securities | $86,205,407 |
| Investments—other securities | $4,786,317 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,273,963 |
| Total assets | $357,534,896 |
| Accounts payable and accrued expenses | $9,808,562 |
| Grants payable | $0 |
| Deferred revenue | $12,831,890 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,428,512 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $92,827,860 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,335,082 |
| Total liabilities | $121,231,906 |
| Net assets without donor restrictions | $184,357,524 |
| Net assets with donor restrictions | $51,945,466 |
| 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 | $357,534,896 |