Louisiana College
- Assets
- $102.8m
- Revenue
- $33.4m
- Investments
- $29.3m
- Employees
- 568
- Location
- Pineville, LA
- Founding
- 10/1970
- Data as of
- 07/2023
- 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 07/2023, Louisiana College employed 568 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 07/2023, Louisiana College generated $33.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $32.0m during the year ending 07/2023. While expenses have increased by 3.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF BAPTIST COLLEGE CAMPUS
Describe the Organization's Program Activity:
OPERATION OF BAPTIST COLLEGE NUMBER OF STUDENTS: FALL 2022 - 1,026; SPRING 2023 - 870 SUMMER 2023 - 276
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Beeman Trustee | Trustee | 1 | $0 |
Andy Buckley Trustee | Trustee | 1 | $0 |
Anthony Bunting Trustee | Trustee | 1 | $0 |
Reggie Bridges Trustee | Trustee | 1 | $0 |
Christian Doughty Trustee | Trustee | 1 | $0 |
Steve Efferson Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc And Affiliates | 7/30/23 | $3,384,783 |
Jani-king Of Alexandria | 7/30/23 | $521,753 |
Aca Residential Services Llc | 7/30/23 | $342,533 |
Tax Incentive Agency | 7/30/23 | $341,934 |
Jenzabar Inc | 7/30/23 | $263,658 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $878,740 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,112,533 |
| Noncash contributions included in lines 1a–1f | $42,947 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,991,273 |
| Total Program Service Revenue | $22,074,930 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $98,504 |
| Net Gain/Loss on Asset Sales | $1,581,718 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$104,634 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,416,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 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 | $10,505,265 |
| Total functional expenses | $32,007,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $437,234 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,022,650 |
| Accounts receivable, net | $556,813 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $44,792 |
| Inventories for sale or use | $385,227 |
| Prepaid expenses and deferred charges | $42,841 |
| Net Land, buildings, and equipment | $39,594,395 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $29,334,599 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,395,836 |
| Total assets | $102,814,387 |
| Accounts payable and accrued expenses | $527,601 |
| Grants payable | $0 |
| Deferred revenue | $732 |
| 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 | $15,705,140 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,213,284 |
| Total liabilities | $22,446,757 |
| Net assets without donor restrictions | $32,609,794 |
| Net assets with donor restrictions | $47,757,836 |
| 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 | $102,814,387 |