Louisiana College
- Assets
- $103.1m
- Revenue
- $31.2m
- Investments
- $24.9m
- Employees
- 573
- Location
- Pineville, LA
- Founding
- 10/1970
- Data as of
- 07/2020
- EIN
- 72-0467515
Organization Overview
Louisiana College is located in Pineville, LA. The organization was established in 1970. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 07/2022, Louisiana College employed 573 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Louisiana 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 07/2020, Louisiana College generated $31.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $30.8m during the year ending 07/2020. While expenses have increased by 3.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF BAPTIST COLLEGE CAMPUS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF BAPTIST COLLEGE NUMBER OF STUDENTS: FALL 2021 - 1,135; SPRING 2022 - 1,025 SUMMER 2022 - 359
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Richard Brewer Jr Chief Executive Officer | Officer | 40 | $280,127 |
Dr Cheryl Clark Provost | Officer | 40 | $130,268 |
Dr Joshua Dara Vice President Of Student Engagement | Officer | 40 | $103,534 |
Evelyn Dean Chief Financial Officer | Officer | 40 | $77,891 |
Dr Mary Palmer Vice President Of Institutional Advancement | Officer | 40 | $67,794 |
Dr Eric Pratt Vice President | Officer | 40 | $51,516 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc And Affiliates | 7/30/22 | $1,872,932 |
Aca Residential Services Llc | 7/30/22 | $637,482 |
Jani-king Of Alexandria | 7/30/22 | $511,212 |
Clark Communications | 7/30/22 | $217,603 |
Jenzabar Inc | 7/30/22 | $325,349 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,359,054 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $66,700 |
| Net Gain/Loss on Asset Sales | $1,928,466 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $92,932 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,169,052 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $30,781,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $629,817 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $515,851 |
| Accounts receivable, net | $395,855 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $89,492 |
| Inventories for sale or use | $738,361 |
| Prepaid expenses and deferred charges | $44,695 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $24,908,081 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,845,548 |
| Total assets | $103,090,371 |
| Accounts payable and accrued expenses | $1,518,342 |
| Grants payable | $0 |
| Deferred revenue | $4,475 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $21,178,529 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,239,752 |
| Total liabilities | $29,941,098 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $73,149,273 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Louisiana College has recieved totaling $123,216.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For nursing scholarships. | $69,000 |
Gertrude Bott Saucier Scholarship Trust Chicago, IL PURPOSE: GENERAL | $28,159 |
Rapides Foundation Alexandria, LA PURPOSE: OVERLAY OF RUBBER SAFETY SURFACE AND INSTALLATION OF FITNESS EQUIPMENT AT PARRISH FULLER FITNESS TRAIL | $25,000 |
Patrick F Taylor Foundation New Orleans, LA PURPOSE: SCHOLARSHIP | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Endowment Analysis
| Beg. Balance | $45,660,620 |
| Earnings | -$2,256,436 |
| Net Contributions | $103,892 |
| Other Expense | $776,850 |
| Grants | $849,912 |
| Ending Balance | $41,881,314 |
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 |
University Of Dallas Irving, TX | $199,857,473 | $113,303,897 |
Hendrix College Conway, AR | $318,329,586 | $98,419,951 |
Ouachita Baptist University Arkadelphia, AR | $209,281,744 | $71,056,315 |
Wayland Baptist University Plainview, TX | $171,784,780 | $76,328,072 |
John Brown University Siloam Springs, AR | $239,506,733 | $75,339,651 |
Texas Lutheran University Seguin, TX | $175,887,975 | $71,493,316 |
Belhaven University Jackson, MS | $91,182,185 | $83,473,318 |
Schreiner University Kerrville, TX | $168,371,925 | $56,783,840 |
Millsaps College Jackson, MS | $178,487,613 | $50,786,555 |
Lubbock Christian University Lubbock, TX | $106,659,922 | $54,957,813 |