Lane College

Organization Overview

Lane College is located in Jackson, TN. The organization was established in 1954. 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, Lane College employed 301 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lane 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, Lane College generated $34.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $35.3m during the year ending 06/2022. While expenses have increased by 5.4% 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

LANE COLLEGE IS A PRIVATE,CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING,INSTRUCTION AND SUPPORT SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LANE COLLEGE IS AN INSTITUTE OF HIGHER EDUCATION AND PROVIDES INSTRUCTION SCHOLARSHIPS AND VARIOUS SUPPORT SERVICES IN ACHIEVING ITS PRIMARY PURPOSE OF EDUCATING STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Logan Hampton
President
$224,180
Darryl Mcgee
Officer
$100,541
Bishop Marvin F Thomas
Vice Chair
$0
Bishop Henry Williamson
Chairman
$0
Rev Dr Ronald Powe
Trustee
$0
Mr John T Greene
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Entegrity Energy Partners
Energy Services
$2,143,279
Team Clean Jackson Llc
Cleaning Service
$1,108,875
Jackson Energy Authority
Utility
$1,402,178
Artizan Constructors Llc
Construction
$1,087,755
Sysco
Food Service
$1,081,665
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $12,006,740
All other contributions, gifts, grants, and similar amounts not included above$1,984,226
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$13,990,966
Total Program Service Revenue$19,074,545
Investment income $207,786
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 $34,131,294

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Lane College has recieved totaling $1,369,667.

Awarding OrganizationAmount
United Negro College Fund Inc

Washington, DC

PURPOSE: GRANTS & SCHOLARSHIPS, TECH ASSIST, AREA OFFICE JOINT CAMPAIGN

$1,250,672
Educational Credit Management Corporation

Minneapolis, MN

PURPOSE: Project Success Emergency Aid

$50,000
Ayers Foundation

Parsons, TN

PURPOSE: GENERAL/OPERATING

$25,000
Simmons First Foundation Inc

Pine Bluff, AR

PURPOSE: COMMUNITY SERVICE

$14,250
Ford Motor Co Fund

Dearborn, MI

PURPOSE: COMMUNITY NEEDS

$11,000
Dr Maya Angelou Foundation

San Ramon, CA

PURPOSE: SCHOLARSHIPS

$6,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,370,871
Earnings-$6,876
Admin Expense$16,909
Net Contributions$63,307
Other Expense-$173,534
Ending Balance$3,583,927

Peer Organizations

Organization NameAssets
Campbellsville University Inc
Campbellsville, KY
$142,326,474
Spelman College
Atlanta, GA
$182,970,731
Centre College Of Kentucky
Danville, KY
$215,283,093
Mississippi College
Clinton, MS
$113,425,007
Roanoke College
Salem, VA
$126,475,040
Lee University
Cleveland, TN
$108,753,431
Morehouse College
Atlanta, GA
$206,029,432
Union University
Jackson, TN
$103,290,604
Lenoir-Rhyne University
Hickory, NC
$101,403,823
Randolph-Macon College
Ashland, VA
$119,204,346
College Of The Ozarks
Point Lookout, MO
$134,988,466
Bridgewater College
Bridgewater, VA
$86,618,271

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