Civic Intelligence

Lagrange College

990 • Fiscal year 2020 • EIN 58-0566199

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 30, 2021

601 Broad StreetLagrange, GA 30240

(770) 880-8000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.26x

Higher debt load relative to assets than 45% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.83x

Higher debt load relative to revenue than 65% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

38th percentile

0.7%

Higher net margin than 38% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

28th percentile

$310,108

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

24th percentile

-0.5%

Faster asset growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-12%

Faster revenue growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Assets

Down

$147,326,476

Down $687,021 (-0.5%) from 2019

Net Assets

Up

$108,855,210

Up $496,365 (+0.5%) from 2019

Liabilities

Down

$38,471,266

Down $1,183,386 (-3.0%) from 2019

Revenue

Down

$46,295,995

Down $6,393,836 (-12%) from 2019

Expenses

Up

$45,987,874

Up $28,981 (+0.1%) from 2019

Net Income

Down

$308,121

Down $6,422,817 (-95%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $130,657,286Liabilities 2010: $34,451,894Net Assets 2010: $96,205,3922010Assets 2011: $132,068,236Liabilities 2011: $33,404,239Net Assets 2011: $98,663,9972011Assets 2012: $127,993,764Liabilities 2012: $33,826,072Net Assets 2012: $94,167,6922012Assets 2013: $127,196,569Liabilities 2013: $32,842,877Net Assets 2013: $94,353,6922013Assets 2014: $138,151,160Liabilities 2014: $31,912,942Net Assets 2014: $106,238,2182014Assets 2015: $134,223,213Liabilities 2015: $31,038,110Net Assets 2015: $103,185,1032015Assets 2016: $148,892,213Liabilities 2016: $48,068,609Net Assets 2016: $100,823,6042016Assets 2017: $150,190,509Liabilities 2017: $46,514,887Net Assets 2017: $103,675,6222017Assets 2018: $147,217,293Liabilities 2018: $44,344,205Net Assets 2018: $102,873,0882018Assets 2019: $148,013,497Liabilities 2019: $39,654,652Net Assets 2019: $108,358,8452019Assets 2020: $147,326,476Liabilities 2020: $38,471,266Net Assets 2020: $108,855,2102020Assets 2021: $157,918,154Liabilities 2021: $35,545,737Net Assets 2021: $122,372,4172021Assets 2022: $157,765,322Liabilities 2022: $40,376,290Net Assets 2022: $117,389,0322022Assets 2023: $154,921,141Liabilities 2023: $39,426,251Net Assets 2023: $115,494,8902023Assets 2024: $160,254,834Liabilities 2024: $39,759,945Net Assets 2024: $120,494,8892024

Highlighted filing

2020

Assets$147,326,476
Liabilities$38,471,266
Net Assets$108,855,210

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $35,567,6532010Expenses 2011: $34,395,0752011Expenses 2012: $35,899,8722012Revenue 2013: $32,864,584Expenses 2013: $37,431,737Net Income 2013: -$4,567,1532013Revenue 2014: $46,281,402Expenses 2014: $39,021,102Net Income 2014: $7,260,3002014Revenue 2015: $39,174,522Expenses 2015: $40,345,072Net Income 2015: -$1,170,5502015Revenue 2016: $46,521,679Expenses 2016: $45,810,464Net Income 2016: $711,2152016Revenue 2017: $45,912,670Expenses 2017: $43,507,454Net Income 2017: $2,405,2162017Revenue 2018: $45,408,667Expenses 2018: $46,500,421Net Income 2018: -$1,091,7542018Revenue 2019: $52,689,831Expenses 2019: $45,958,893Net Income 2019: $6,730,9382019Revenue 2020: $46,295,995Expenses 2020: $45,987,874Net Income 2020: $308,1212020Revenue 2021: $43,354,732Expenses 2021: $39,666,558Net Income 2021: $3,688,1742021Revenue 2022: $43,475,079Expenses 2022: $37,474,230Net Income 2022: $6,000,8492022Revenue 2023: $45,219,631Expenses 2023: $50,554,648Net Income 2023: -$5,335,0172023Revenue 2024: $42,101,524Expenses 2024: $38,867,454Net Income 2024: $3,234,0702024

Highlighted filing

2020

Revenue$46,295,995
Expenses$45,987,874
Net Income$308,121
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 30, 2021
Return Version
2019v5.2
Gross Receipts
$66,948,974
Mission and Program Overview

Mission

Education - lagrange college challenges the minds and inspires the souls of its students. Founded in 1831 and committed to its relationship with the united methodist church and its wesleyan and liberal arts traditions, the college supports students in their search for truth in an ethical and caring community valuing civility, diversity, service and excellence. Lagrange college prepares students to become successful, responsible citizens who aspire to live lives of integrity and moral courage.

Education - lagrange college challenges the minds and inspires the souls of its students founded in 1831 and committed to its relationship with the united methodist church and its wesleyan and liberal arts traditions, the college supports students in their search for truth an ethical and caring community valuing civility, diversity, service and excellence. Lagrange college prepares students to become successful, responsible citizens who aspire to live lives of integrity and moral courage.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$70,243,775$68,263,849▼ $1,979,926
Investments in Publicly Traded Securities$36,599,177$48,384,114▲ $11,784,937
Other Notes and Loans Receivable, Net$11,486,489$11,485,588▼ $901
Pledges and Grants Receivable$2,960,067$6,320,773▲ $3,360,706
Accounts Receivable$3,245,842$3,536,848▲ $291,006
Cash and Non-Interest-Bearing Accounts$1,625,838$2,222,922▲ $597,084
Investments Other Securities$2,575,598$1,965,075▼ $610,523
Savings and Temporary Cash Investments$1,264,759$0▼ $1,264,759
Prepaid Expenses and Deferred Charges$630,068$439,976▼ $190,092
Inventories for Sale or Use$306,971$215,840▼ $91,131
Total Assets$148,013,497$147,326,476▼ $687,021
Other Assets Total$17,074,913$4,491,491▼ $12,583,422
Liabilities
Tax Exempt Bond Liabilities$30,979,885$30,117,049▼ $862,836
Unsecured Notes Loans Payable$3,861,578$3,883,117▲ $21,539
Other Liabilities$2,036,437$2,502,981▲ $466,544
Accounts Payable and Accrued Expenses$2,398,012$1,628,957▼ $769,055
Deferred Revenue$378,740$339,162▼ $39,578
Total Liabilities$39,654,652$38,471,266▼ $1,183,386
Net Assets / Fund Balance
Net Assets With Donor Restrictions$63,246,634$60,617,597▼ $2,629,037
Net Assets Without Donor Restrictions$45,112,211$48,237,613▲ $3,125,402
Total Net Assets Fund Balance$108,358,845$108,855,210▲ $496,365
Total Liabilities and Net Assets / Fund Balance$148,013,497$147,326,476▼ $687,021

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$56,368,105$53,137,304$109,505,409
Equipment$894,327$10,291,596$11,185,923
Land$9,281,662-$9,281,662
Other Land Buildings$1,719,755$1,405,169$3,124,924

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$53,005,237$1,620,697▼ $2,451,622$3,772,373$48,401,939
2018$49,410,407$4,573,737▲ $1,769,050$2,747,957$53,005,237
2017$48,888,893$1,530,967▲ $2,190,548$3,200,001$49,410,407
2016$51,827,813$323,306▼ $1,032,802$2,229,424$48,888,893
2015$53,024,656$3,179,098▼ $1,797,636$2,578,305$51,827,813
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dan McalexanderPresidentFT$263,576$46,532$310,108
Karen AubreyVP for Academic AffairsFT$152,275$16,253$168,528
Deborah HallVP - Finance and OperationsFT$140,643$15,853$156,496
Brian CarlisleVP - Student EngagementFT$137,600$13,528$151,128
Joseph MillerVP - Admission OfficeFT$120,204$21,543$141,747
Rebecca NicksVP - DevelopmentFT$127,200$12,729$139,929
John LawrenceProfessor - Art & DesignFT$118,472$4,739$123,211
Kim BarberFaculty Represenattive-$68,540$11,194$79,734

Highest Paid Contractors

ContractorServicesLocationCompensation
National Management Resources CorporatioMaintenance And Housekeeping ServicesP O BOX 1224, Lagrange, GA 30241$1,626,756
Aramark CorporationDining & Catering ServiceP O BOX 16 BROAD STREET, Lagrange, GA 30240$1,576,237
Group & Pension Administrators INCTpa Service ProviderPOST OFFICE BOX 971587, Dallas, TX 75397-1597$492,480
Hart Travel PartnersTravel Service For AbroadP O BOX 917, Medfield, MA 02052$321,272
Wecare Tlc LLCMedical Clinic Services - Not Insurance120 CROWN OAK CENTRE DR, Longwood, FL 32750$254,662
Revenue and Support

Revenue Composition

Contributions and Grants
$8,850,452
Program Service Revenue
$35,803,734
Investment Income
$1,639,528
Other Revenue
$2,281
All Other Contributions
$8,836,110
Change in Net Assets
$308,121

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$1,352,310Fair Market Value (FMV)
Other Non Cash Contri Table1$41,187Fair Market Value (FMV)
Clothing and Household Goods-$2,800Fair Market Value (FMV)
Other Non Cash Contri Table1$460Fair Market Value (FMV)
Total Noncash Contributions14$1,396,757-

Audited Revenue Reconciliation

Revenue per Audited Statements
$46,304,775
Revenue Not Reported on Financial Statements
$-8,780
Revenue Not Reported on Form 990
$-14,233,694
Other Revenue Adjustments
$-8,780
Total Revenue per Audited Statements
$32,071,081
Total Revenue per Form 990
$46,295,995
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,787,012
Grants and Similar Amounts Paid$15,202,183
Other Expenses$14,998,679
Total Fundraising Expense$670,768
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$15,202,183--$15,202,183
Other Salaries and Wages$9,230,479$1,490,387$346,935$11,067,801
Occupancy$3,263,343$718,199$20,683$4,002,225
Other Employee Benefits$2,710,676$341,242$82,226$3,134,144
Depreciation Depletion$2,089,038$490,021-$2,579,059
Interest$1,578,024$48,887-$1,626,911
Payroll Taxes$681,804$92,192$22,832$796,828
Travel$752,363$2,152$6,894$761,409
Current Officers, Directors, Trustees, and Key Employees$160,853$247,935$82,645$491,433
Pension Plan Contributions$262,536$28,034$6,236$296,806
Fees for Services Other$93,652$39,358-$133,010
Fees for Service Investment Mgmnt Fees-$99,659-$99,659
Fees for Services Accounting-$97,630-$97,630
Advertising$35,371$16,144$41,367$92,882
Other Expenses$38,702$9,078$60,164$47,780
Insurance$23,459$3,172$786$27,417
Fees for Services Legal$2,600$1,092-$3,692
Total Functional Expenses$40,356,710$4,960,396$670,768$45,987,874

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$45,987,874
Total Expenses per Audited Statements$31,574,716
Expenses per Audited Statements$31,565,936
Expenses Not Reported on Financial Statements$14,421,938
Other Expense Adjustments$14,421,938
Expenses Not Reported on Form 990$8,780
International Activity

International Summary

Offices
0
Employees
4
Spending
$357,747

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram ServicesStudy Abroad02$297,707
East Asia and the PacificProgram ServicesStudy Abroad02$60,040
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,780
Fundraising Gross Income$7,991
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tom Ducket Golf Tournament$22,333$7,991-$7,991
Total Events$22,333$7,991$8,780$-789
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Edward SmithTrustee Owns Business Conducting Transactions With the CollegeInsurance ServiceNo$127,065
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liability for Interest Rate Swap$2,384,081
Annuities Payable$94,542
Advances From Federal Government$24,358

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADevelopment Authority of Lagrange Georgia Series 20152015-07-01$33,000,000Construction of nursing and music programs and three fraternal housing

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$33,000,000-$2,785,000$121,272

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Independent accountants prepare form 990. Management reviews the return prior to filing. Management distributes a copy of form 990 to the finance committee of the board. The finance committee chairman presents and discusses the 990 return with all the board members at the spring board meeting prior to filing of form 990.

Form 990, Part VI, Section B, Line 12C

Individuals must disclose in writing any potential or actual known conflicts of interest. Disclosure by members of the board of trustees (board) and the president should be made to the chairman of the board. Disclosure by the board chairman should be directed to the executive committee of the board. Disclosure by all other affiliates of the college should be directed to the vice president for finance and operations or the president. Disclosure by the vice president for finance and operations should be directed to the president. If the person receiving the disclosure perceives a conflict may exist, that person shall convene a committee of peers to investigate the conflict, decide as to whether a conflict exists and offer a decision as to whether continuing in the arrangement is in the college's best interest.

Form 990, Part VI, Section B, Line 15

Lagrange college's board of trustees designated the executive committee to be responsible for establishing compensation practices which are reasonable and do not violate the private inurement prohibition. The practices and processes are designed to avoid any claim for intermediate sanctions and to satisfy the requirements to obtain the rebuttable presumption. Lagrange college has a full-time human resources director and uses comparable data from sources like the college and university personnel association (cupa) for benchmarking exercises in setting median salary ranges.

Form 990, Part VI, Section C, Line 19

Lagrange college does not make its governing documents, financial statements, or its conflict of interest policy available to the public.

Filing and Contact Details

Filer

Filer Name
Lagrange College
EIN
58-0566199
Phone
7708808000
Address
601 BROAD STREET, LAGRANGE, GA 30240

Signing Officer

Name
Dr Susanna L Baxter
Title
President
Phone
7708808000
Signed
2021-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Susanna L Baxter
Formed
1831
Legal Domicile
Ga
Voting Board Members
41
Independent Board Members
37
Employees
879
Volunteers
150

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 GALLERIA PKWY SE STE 1700, ATLANTA, GA 30339-5946
Preparer
Mary Jo Alexander
Phone
7709558600
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

There have been no changes to the oversight or selection process of auditors and financial statement oversight.

Financial Statement Notes

PART III, LINE 4:

Lagrange college began establishing an art collection in the 1960s under the leadership of president waights g henry. The college later became a beneficiary 0f a collection of lamar dodd paintings and drawings, who lived across the street from mr fuller callaway. Dodd enjoyed a long and distinguished ass0ciation with the college, and the college's art center was named in his honor. Over the years other collections were contributed to the college through the callaway foundation and private donors, making it a major pedagogical collection for the benefit of our students. It is a tremendous asset for an art program on the college level to present such direct experience of the finest in visual expression.

PART V, LINE 4:

It is the endowment's policy to distribute annually up to 5% of a five-year average of the endowment's total asset value as of june 30th, with the intent that this spending rate plus inflation will not exceed total return from investment over long periods of time. The board will determine the appropriateness of this distribution in conjunction with the development of long-term strategic needs. In recognition of the uniform prudent management of institutional funds act (upmifa), spending shall comply with the evolving "prudent spending" guidelines of upmifa.

PART X, LINE 2:

The organization has no uncertain tax positions reported in audited financial statements under fin 48(asc 740-10). The college has received a determination letter from the internal revenue service dated october 9, 1968 indicating that it is exempt from federal income taxes under section 501(a) of the internal revenue code (the "code") as an organization described in section 501(c)(3). Only unrelated business income, as defined by section 512(a)(1) of the code, is subject to federal income tax. Accordingly, no provision for income taxes has been made in the accompanying financial statements. The college believes it does not have any uncertain tax positions that are material to the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Reclass scholarships to expense -14,421,938.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Reclass fundraising event expense -8,780.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Reclass fundraising event expense 8,780.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Reclass scholarships against revenue to expense 14,421,938.

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IRS990/ActivityOrMissionDesc0EDUCATION - LAGRANGE COLLEGE CHALLENGES THE MINDS AND INSPIRES THE SOULS OF ITS STUDENTS FOUNDED IN 1831 AND COMMITTED TO ITS RELATIONSHIP WITH THE UNITED METHODIST CHURCH AND ITS WESLEYAN AND LIBERAL ARTS TRADITIONS, THE COLLEGE SUPPORTS STUDENTS IN THEIR SEARCH FOR TRUTH AN ETHICAL AND CARING COMMUNITY VALUING CIVILITY, DIVERSITY, SERVICE AND EXCELLENCE. LAGRANGE COLLEGE PREPARES STUDENTS TO BECOME SUCCESSFUL, RESPONSIBLE CITIZENS WHO ASPIRE TO LIVE LIVES OF INTEGRITY AND MORAL COURAGE.
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IRS990/Desc0LAGRANGE COLLEGE OFFERS A BACHELOR OF ARTS DEGREE WITH 19 MAJORS, A BACHELOR OF SCIENCE DEGREE IN 5 AREAS, A BACHELOR OF BUSINESS ADMINISTRATION, A BACHELOR OF MUSIC, AND A BACHELOR OF SCIENCE DEGREE IN NURSING. IN ADDITION, DURING THE 2019-2020 ACADEMIC YEAR, THERE WERE 872 UNDERGRADUATE AND 123 GRADUATE STUDENTS ENROLLED AT THE COLLEGE. OF THAT NUMBER 550 WERE RESIDENTIAL. DURING THE SPRING 2020 COMMENCEMENT, THE COLLEGE AWARDED 267 DEGREES. DURING THE YEAR, THERE WERE 307 STUDENTS WHO PARTICIPATED IN AT LEAST ONE OF THE COLLEGE'S NCAA DIVISION III ATHLETIC PROGRAMS.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$160$39.8$120$42.1$38.9$3.23
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$155$39.4$115$45.2$50.6$5.34
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$158$40.4$117$43.5$37.5$6.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$158$35.5$122$43.4$39.7$3.69
2020Detailed filing. Detailed filing data is available for this year.$147$38.5$109$46.3$46.0$0.31
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$148$39.7$108$52.7$46.0$6.73
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$147$44.3$103$45.4$46.5$1.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$150$46.5$104$45.9$43.5$2.41
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$149$48.1$101$46.5$45.8$0.71
2015Detailed filing. Detailed filing data is available for this year.$134$31.0$103$39.2$40.3$1.17
2014Detailed filing. Detailed filing data is available for this year.$138$31.9$106$46.3$39.0$7.26
2013Summary only. Only limited summary data is available for this year.$127$32.8$94.4$32.9$37.4$4.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$128$33.8$94.2$35.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$132$33.4$98.7$34.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$131$34.5$96.2$35.6
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $100M-$250M nonprofits