Lyon College
- Assets
- $134.4m
- Revenue
- $34.3m
- Investments
- $7.9m
- Employees
- 504
- Location
- Batesville, AR
- Founding
- 04/1946
- Data as of
- 06/2021
- EIN
- 71-0246213
Organization Overview
Lyon College is located in Batesville, AR. The organization was established in 1946. 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, Lyon College employed 504 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyon 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, Lyon College generated $34.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $38.1m during the year ending 06/2021. 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
LYON COLLEGE OFFERS A LIBERAL ARTS EDUCATION OF SUPERIOR QUALITY IN A PERSONALIZED SETTING. A SELECTIVE, INDEPENDENT, UNDERGRADUATE, RESIDENTIAL TEACHING AND LEARNING COMMUNITY AFFILIATED WITH THE PRESBYTERIAN CHURCH (USA). LYON ENCOURAGES THE FREE INTELLECTUAL INQUIRY ESSENTIAL TO SOCIAL, ETHICAL AND SPIRITUAL GROWTH. WITH A RICH SCHOLARLY AND RELIGIOUS HERITAGE, LYON DEVELOPS, IN A CULTURE OF HONOR, RESPONSIBLE CITIZENS AND LEADERS COMMITTED TO CONTINUED PERSONAL GROWTH AND SERVICE.
Describe the Organization's Program Activity:
INSTRUCTION & OTHER ACADEMIC PROGRAMS AND ACADEMIC SUPPORT - UNDERGRADUATE AND NON-CREDIT CLASSES ARE PROVIDED.
STUDENT AID AND STUDENT LOANS - SCHOLARSHIPS, WORK STUDY PROGRAMS, AND LOANS ARE MADE AVAILABLE TO ENABLE STUDENTS TO CONTINUE THEIR EDUCATIONS.
STUDENT SERVICES & AUXILARY ENTERPRISES - HOUSING, FOOD SERVICES, AND BOOKSTORE ACTIVITIES ARE PROVIDED AS A SERVICE TO THOSE ON CAMPUS TO ENHANCE CAMPUS LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William King President | Officer | 40 | $227,916 |
Melissa Taverner Provost | 40 | $140,143 | |
Richard Gaumer Vice President For Finance | Officer | 40 | $139,931 |
Joseph D Botana II Asst. Vice President For Business & Finance | 40 | $120,986 | |
Matthew Crisman Executive Vice President & Chief Of Staff | 40 | $118,231 | |
David Hutchinson Vice President For Advance | 40 | $116,406 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Dining Services Food Services | 6/29/21 | $1,127,634 |
Conversion Calls Call Center | 6/29/21 | $129,618 |
Apogee Telecom Information Technology | 6/29/21 | $932,986 |
Jenzabar Information Technology | 6/29/21 | $220,664 |
Cromwell Architects Architects/engineers | 6/29/21 | $165,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,566,586 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,008,670 |
| Noncash contributions included in lines 1a–1f | $206,831 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,575,256 |
| Total Program Service Revenue | $20,389,687 |
| Investment income | $1,415,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$87,102 |
| Net Gain/Loss on Asset Sales | $6,742,925 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $33,510 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,275,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,915,351 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $392,253 |
| Compensation of current officers, directors, key employees. | $137,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,767,156 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,786,836 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,577 |
| Fees for services: Accounting | $110,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $432,463 |
| Fees for services: Other | $584,440 |
| Advertising and promotion | $457,413 |
| Office expenses | $869,646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $552,203 |
| Travel | $460,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,338,936 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,940,138 |
| Insurance | $266,159 |
| All other expenses | $0 |
| Total functional expenses | $38,131,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,380,715 |
| Savings and temporary cash investments | $3,536,269 |
| Pledges and grants receivable | $1,535,844 |
| Accounts receivable, net | $761,679 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $374,753 |
| Inventories for sale or use | $115,085 |
| Prepaid expenses and deferred charges | $720,104 |
| Net Land, buildings, and equipment | $33,878,395 |
| Investments—publicly traded securities | $82,157,536 |
| Investments—other securities | $7,886,237 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,077 |
| Total assets | $134,360,694 |
| Accounts payable and accrued expenses | $2,242,143 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,139,082 |
| Escrow or custodial account liability | $3,549 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $23,647,762 |
| Unsecured mortgages and notes payable | $4,386,220 |
| Other liabilities | $2,303,404 |
| Total liabilities | $41,722,160 |
| Net assets without donor restrictions | $22,223,302 |
| Net assets with donor restrictions | $70,415,232 |
| 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 | $134,360,694 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lyon College has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
H M & Janet Kennerly Tuw 74-1-111-1831600 Batesville, AR | | $0 |
H M & Janet Kennerly Tuw 74-1-111-1831600 Batesville, AR | | $0 |
Endowment Analysis
| Beg. Balance | $97,668,919 |
| Earnings | $17,907,192 |
| Net Contributions | $364,542 |
| Other Expense | $7,415,810 |
| Ending Balance | $108,524,843 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi College Clinton, MS | $268,873,931 | $113,425,007 |
Southwestern University Georgetown, TX | $545,443,629 | $120,545,319 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
University Of Dallas Irving, TX | $199,857,473 | $113,303,897 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Hendrix College Conway, AR | $318,329,586 | $98,419,951 |
Drury University Springfield, MO | $197,297,672 | $75,721,067 |
Oklahoma Baptist University Shawnee, OK | $289,242,729 | $80,964,114 |
Oklahoma Christian University Inc Oklahoma City, OK | $129,228,959 | $77,254,883 |
Ouachita Baptist University Arkadelphia, AR | $209,281,744 | $71,056,315 |