Civic Intelligence

Lane College

990 • Fiscal year 2014 • EIN 62-0570060

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 06, 2015

Organization Profilewww.lanecollege.edu

View Organization Page

545 Lane Avenue38301

(731) 426-7539

Siviq Scores

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

Liabilities / Assets

67th percentile

0.49x

Higher debt load relative to assets than 67% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

74th percentile

1.12x

Higher debt load relative to revenue than 74% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

30th percentile

0.1%

Higher net margin than 30% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

32nd percentile

$240,542

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

21st percentile

-1.1%

Faster asset growth than 21% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

17th percentile

-8.5%

Faster revenue growth than 17% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2012 to 2014

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$58,727,242

Down $674,972 (-1.1%) from 2013

Net Assets

Up

$29,964,434

Up $11,369 (+0.0%) from 2013

Liabilities

Down

$28,762,808

Down $686,341 (-2.3%) from 2013

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin30th percentile

Revenue

$25,638,598

No earlier filing loaded for comparison.

Expenses

Down

$25,608,759

Down $31,472 (-0.1%) from 2013

Net Income

$29,839

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$80M$60M$40M$20M$0Assets 2010: $58,648,456Liabilities 2010: $30,643,950Net Assets 2010: $28,004,5062010Assets 2011: $60,738,789Liabilities 2011: $31,247,191Net Assets 2011: $29,491,5982011Assets 2012: $60,947,910Liabilities 2012: $30,529,821Net Assets 2012: $30,418,0892012Assets 2013: $59,402,214Liabilities 2013: $29,449,149Net Assets 2013: $29,953,0652013Assets 2014: $58,727,242Liabilities 2014: $28,762,808Net Assets 2014: $29,964,4342014Assets 2015: $58,934,273Liabilities 2015: $28,222,494Net Assets 2015: $30,711,7792015Assets 2016: $58,371,306Liabilities 2016: $28,372,728Net Assets 2016: $29,998,5782016Assets 2017: $57,880,441Liabilities 2017: $27,558,228Net Assets 2017: $30,322,2132017Assets 2018: $56,839,107Liabilities 2018: $26,710,820Net Assets 2018: $30,128,2872018Assets 2019: $58,120,724Liabilities 2019: $27,798,422Net Assets 2019: $30,322,3022019Assets 2020: $60,352,385Liabilities 2020: $28,808,050Net Assets 2020: $31,544,3352020Assets 2021: $67,139,615Liabilities 2021: $2,904,092Net Assets 2021: $64,235,5232021Assets 2022: $65,638,607Liabilities 2022: $3,672,417Net Assets 2022: $61,966,1902022Assets 2023: $62,486,940Liabilities 2023: $3,606,092Net Assets 2023: $58,880,8482023Assets 2024: $67,327,695Liabilities 2024: $4,848,408Net Assets 2024: $62,479,2872024

Highlighted filing

2014

Assets$58,727,242
Liabilities$28,762,808
Net Assets$29,964,434
Open 2014 Filing

Operations Trend

Revenue Growth17th percentile

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

$60M$40M$20M$0-$20MExpenses 2010: $40,718,8982010Expenses 2011: $42,858,1172011Revenue 2012: $30,626,404Expenses 2012: $29,676,351Net Income 2012: $950,0532012Expenses 2013: $25,640,2312013Revenue 2014: $25,638,598Expenses 2014: $25,608,759Net Income 2014: $29,8392014Revenue 2015: $24,210,714Expenses 2015: $23,463,369Net Income 2015: $747,3452015Revenue 2016: $24,622,324Expenses 2016: $24,361,696Net Income 2016: $260,6282016Revenue 2017: $27,375,557Expenses 2017: $27,499,551Net Income 2017: -$123,9942017Revenue 2018: $27,739,226Expenses 2018: $28,134,235Net Income 2018: -$395,0092018Revenue 2019: $27,748,010Expenses 2019: $27,553,995Net Income 2019: $194,0152019Revenue 2020: $28,814,382Expenses 2020: $27,752,083Net Income 2020: $1,062,2992020Revenue 2021: $59,120,942Expenses 2021: $26,692,166Net Income 2021: $32,428,7762021Revenue 2022: $34,131,294Expenses 2022: $35,286,006Net Income 2022: -$1,154,7122022Revenue 2023: $32,410,477Expenses 2023: $35,998,090Net Income 2023: -$3,587,6132023Revenue 2024: $25,431,203Expenses 2024: $26,163,961Net Income 2024: -$732,7582024

Highlighted filing

2014

Revenue$25,638,598
Expenses$25,608,759
Net Income$29,839
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 6, 2015
Return Version
2013v4.0
Gross Receipts
$25,778,936
Mission and Program Overview

Mission

Lane college is a private,co-educational institution of higher learning,instruction and support services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$42,646,480$41,111,783▼ $1,534,697
Cash and Non-Interest-Bearing Accounts$4,039,460$5,283,305▲ $1,243,845
Investments Other Securities$3,846,596$4,290,757▲ $444,161
Pledges and Grants Receivable$1,179,847$716,410▼ $463,437
Prepaid Expenses and Deferred Charges$652,448$655,474▲ $3,026
Accounts Receivable$199,686$531,479▲ $331,793
Inventories for Sale or Use$311,909$191,841▼ $120,068
Other Notes and Loans Receivable, Net$233,779$58,054▼ $175,725
Savings and Temporary Cash Investments-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$59,402,214$58,727,242▼ $674,972
Other Assets Total$6,292,009$5,888,139▼ $403,870
Liabilities
Mortgage Notes Payable Secured by Investment Property$27,915,361$27,362,203▼ $553,158
Accounts Payable and Accrued Expenses$1,380,625$1,335,224▼ $45,401
Unsecured Notes Loans Payable$100,000--
Other Liabilities$33,755$34,245▲ $490
Deferred Revenue$19,408$31,136▲ $11,728
Total Liabilities$29,449,149$28,762,808▼ $686,341
Net Assets / Fund Balance
Unrestricted Net Assets$27,456,213$27,395,300▼ $60,913
Permanently Rstr Net Assets$1,682,035$1,661,120▼ $20,915
Temporarily Rstr Net Assets$814,817$908,014▲ $93,197
Total Net Assets Fund Balance$29,953,065$29,964,434▲ $11,369
Total Liabilities and Net Assets / Fund Balance$59,402,214$58,727,242▼ $674,972

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$35,518,724$12,607,462$48,126,186
Other Land Buildings$3,109,181$9,685,739$12,794,920
Leasehold Improvements$1,659,931$489,891$2,149,822
Land$823,947-$823,947
Other Assets Org$1,968,302--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$2,230,384$68,977▲ $443,115$528,579$2,213,897
2012$2,120,785$46,938▲ $62,661-$2,230,384
2011$1,513,228$560,604▲ $46,953-$2,120,785
2010$1,408,310$29,375▲ $75,543-$1,513,228
2009$1,163,918$82,264▲ $162,128-$1,408,310
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
DrWesley C McClurePres.(Deceased)FT$240,542$240,542

Board Members and Trustees

NameTitle
Bishop Lawrence L Reddick IIIChairman
Dr Louis E CunninghamDirector
Dr William E GeorgeDirector
Bishop William H GravesTrustee
Dr Bryan L ChampionTrustee
Dr Jacqueline BurtonTrustee
Dr Mose Y Brooks HooksTrustee
Dr Phedonia J JohnsonTrustee
Dr Tequila HarrisTrustee
Dr Tyrone DavisTrustee
Dr Warner DickersonTrustee
DrCarmichael CrutchfieldTrustee
Mr Harold ByrdTrustee
MrJesse J TysonTrustee
Ms Jesse N CarpenterTrustee
Ms Tisa DayTrustee
Rev William GantTrustee
Dr Satish MahajanFaculty Rep
Rev Charles E Winfrey JrSecretary
Calvin WalkerStudent Rep
Bishop Thomas L Brown SRVice Chariman

Highest Paid Contractors

ContractorServicesLocationCompensation
Cynthia Manuel IndustrialCleaning Services-$2,238,255
Gourmet ServicesFood Services-$1,734,978
-Insurance-$312,069
Golden Circle InsuranceP & C Insurance-$284,446
Oseman Insurance AgencyServices-$121,285
Revenue and Support

Revenue Composition

Contributions and Grants
$4,988,398
Program Service Revenue
$19,982,642
Investment Income
$371,761
Other Revenue
$295,797
All Other Contributions
$652,513
Change in Net Assets
$29,839

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,638,598
Revenue Not Reported on Form 990
$-899,035
Total Revenue per Audited Statements
$24,739,563
Total Revenue per Form 990
$25,638,598
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,485,419
Salaries, Compensation, and Employee Benefits$12,224,305
Grants and Similar Amounts Paid$899,035
Total Fundraising Expense$40,892
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,356,144$1,817,466-$10,173,610
Fees for Services Other$4,907,945$186,483-$5,094,428
Depreciation Depletion$1,610,593--$1,610,593
All Other Expenses$1,202,943$242,737-$1,445,680
Interest$1,256,415--$1,256,415
Other Employee Benefits$880,535$172,357-$1,052,892
Grants to Domestic Individuals$899,035--$899,035
Payroll Taxes$613,469$143,792-$757,261
Travel$313,540$21,825-$335,365
Other Expenses$292,787$22,608-$292,787
Fees for Services Management$250,750--$250,750
Current Officers, Directors, Trustees, and Key Employees$69,757$129,893$40,892$240,542
Total Functional Expenses$22,821,705$2,746,162$40,892$25,608,759

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$25,608,759
Total Expenses per Audited Statements$24,729,994
Expenses per Audited Statements$24,709,724
Expenses Not Reported on Financial Statements$899,035
Other Expense Adjustments$899,035
Expenses Not Reported on Form 990$20,270
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposit & Other Liabilities$32,617
Deposit held in custody for others$1,628
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Reviewed by Audit and Finance Committee.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Upon Request.”

Filing and Contact Details

Filer

EIN
62-0570060
Phone
7314267539

Signing Officer

Name
Melvin Hamlett
Title
CFO
Signed
2015-02-06
Discuss with paid preparer
Yes

Organization Details

Formed
1909
Legal Domicile
Tn
Voting Board Members
21
Independent Board Members
21
Employees
298

Preparer

Preparer
Harvey E Hoskins CPA
Phone
6153217333
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Prior period Audit reconcilation = -$18470”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“Provide Scholarships.”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Purchases of books $0 Purchase for resale $20270”

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Student assistance $899035”

Raw XML AppendixShowing 400 of 710 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01380625
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01335224
IRS990/AccountsReceivableGrp/BOYAmt0199686
IRS990/AccountsReceivableGrp/EOYAmt0531479
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0LANE COLLEGE IS A PRIVATE,CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING,INSTRUCTION AND SUPPORT SERVICES.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt0652513
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0242737
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01202943
IRS990/AllOtherExpensesGrp/TotalAmt01445680
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0MELVIN HAMLETT
IRS990/BooksInCareOfDetail/PhoneNum07314267539
IRS990/BooksInCareOfDetail/USAddress/AddressLine10545 LANE AVENUE
IRS990/BooksInCareOfDetail/USAddress/City0JACKSON
IRS990/BooksInCareOfDetail/USAddress/State0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCode038301
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt04039460
IRS990/CashNonInterestBearingGrp/EOYAmt05283305
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt010
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt040892
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0129893
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt069757
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0240542
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt02238255
IRS990/ContractorCompensationGrp/CompensationAmt11734978
IRS990/ContractorCompensationGrp/CompensationAmt2284446
IRS990/ContractorCompensationGrp/CompensationAmt3121285
IRS990/ContractorCompensationGrp/CompensationAmt4312069
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine10P O BOX 34
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1182 PIEDMONT AVENUE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine12P O BOX 293
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine13245 PRESTON STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine146750 POPLAR SUITE 410
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City0PINSON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City1ATLANTA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City2BROWNSVILLE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City3JACKSON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City4GERMANTOWN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State0TN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State1GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State2TN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State3TN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State4TN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode038366
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode130303
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode238012
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode338301
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode438138
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine10CYNTHIA MANUEL INDUSTRIAL
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine11GOURMET SERVICES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine12GOLDEN CIRCLE INSURANCE
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine13OSEMAN INSURANCE AGENCY
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0LAWRENCE SERVICE
IRS990/ContractorCompensationGrp/ServicesDesc0CLEANING SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc1FOOD SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2P & C INSURANCE
IRS990/ContractorCompensationGrp/ServicesDesc3SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc4INSURANCE
IRS990/CostOfGoodsSoldAmt0140338
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04988398
IRS990/CYGrantsAndSimilarPaidAmt0899035
IRS990/CYInvestmentIncomeAmt0371761
IRS990/CYOtherExpensesAmt012485419
IRS990/CYOtherRevenueAmt0295797
IRS990/CYProgramServiceRevenueAmt019982642
IRS990/CYRevenuesLessExpensesAmt029839
IRS990/CYSalariesCompEmpBnftPaidAmt012224305
IRS990/CYTotalExpensesAmt025608759
IRS990/CYTotalFundraisingExpenseAmt040892
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt025638598
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt019408
IRS990/DeferredRevenueGrp/EOYAmt031136
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01610593
IRS990/DepreciationDepletionGrp/TotalAmt01610593
IRS990/Desc0LANE COLLEGE IS AN INSTITUTE OF HIGHER EDUCATION AND PROVIDES INSTRUCTION SCHOLARSHIPS AND VARIOUS SUPPORT SERVICES IN ACHIEVING ITS PRIMARY PURPOSE OF EDUCATING STUDENTS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0298
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExcessBusinessHoldingsInd0false
IRS990/ExpenseAmt022821705
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0250750
IRS990/FeesForServicesManagementGrp/TotalAmt0250750
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0186483
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt04907945
IRS990/FeesForServicesOtherGrp/TotalAmt05094428
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt160.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt170.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt180.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt190.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt200.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt210.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt050.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt95.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt105.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt115.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt125.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt135.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt145.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt155.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt165.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt175.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt185.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt195.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt205.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt215.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/PersonNm0DrWesley C McClure
IRS990/Form990PartVIISectionAGrp/PersonNm1Mr Harold Byrd
IRS990/Form990PartVIISectionAGrp/PersonNm2Dr Bryan L Champion
IRS990/Form990PartVIISectionAGrp/PersonNm3Dr Tyrone Davis
IRS990/Form990PartVIISectionAGrp/PersonNm4Ms Tisa Day
IRS990/Form990PartVIISectionAGrp/PersonNm5Bishop Thomas L Brown SR
IRS990/Form990PartVIISectionAGrp/PersonNm6Dr Jacqueline Burton
IRS990/Form990PartVIISectionAGrp/PersonNm7Ms Jesse N Carpenter
IRS990/Form990PartVIISectionAGrp/PersonNm8DrCarmichael Crutchfield
IRS990/Form990PartVIISectionAGrp/PersonNm9Dr Louis E Cunningham
IRS990/Form990PartVIISectionAGrp/PersonNm10Dr Phedonia J Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm11Dr Warner Dickerson
IRS990/Form990PartVIISectionAGrp/PersonNm12Bishop William H Graves
IRS990/Form990PartVIISectionAGrp/PersonNm13Rev William Gant
IRS990/Form990PartVIISectionAGrp/PersonNm14Dr William E George
IRS990/Form990PartVIISectionAGrp/PersonNm15Dr Tequila Harris
IRS990/Form990PartVIISectionAGrp/PersonNm16Dr Mose Y Brooks Hooks
IRS990/Form990PartVIISectionAGrp/PersonNm17Dr Satish Mahajan
IRS990/Form990PartVIISectionAGrp/PersonNm18CALVIN WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm19Bishop Lawrence L Reddick III
IRS990/Form990PartVIISectionAGrp/PersonNm20Rev Charles E Winfrey Jr
IRS990/Form990PartVIISectionAGrp/PersonNm21MrJesse J Tyson
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0240542
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0Pres.(Deceased)
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chariman
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Faculty Rep
IRS990/Form990PartVIISectionAGrp/TitleTxt18Student Rep
IRS990/Form990PartVIISectionAGrp/TitleTxt19Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt20Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01909
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GovernmentGrantsAmt04335885
IRS990/GrantAmt04335882
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0899035
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0899035
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt025778936
IRS990/GrossSalesOfInventoryAmt0239104
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt01256415
IRS990/InterestGrp/TotalAmt01256415
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0311909
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0191841
IRS990/InvestmentIncomeGrp/ExclusionAmt0371761
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0371761
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03846596
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt04290757
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt046
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt022783092
IRS990/LandBldgEquipBasisNetGrp/BOYAmt042646480
IRS990/LandBldgEquipBasisNetGrp/EOYAmt041111783
IRS990/LandBldgEquipCostOrOtherBssAmt063894875
IRS990/LegalDomicileStateCd0TN
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0LANE COLLEGE IS A PRIVATE,CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING,INSTRUCTION AND SUPPORT SERVICES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt027915361
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt027362203
IRS990/NetAssetsOrFundBalancesBOYAmt029953065
IRS990/NetAssetsOrFundBalancesEOYAmt029964434
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt098766
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt098766
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt06292009
IRS990/OtherAssetsTotalGrp/EOYAmt05888139
IRS990/OtherChangesInNetAssetsAmt0-18470

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,727,242
Liabilities
$28,762,808
Net assets
$29,964,434
Revenue
$25,638,598
Expenses
$25,608,759
Net income
$29,839
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$67.3$4.85$62.5$25.4$26.2$0.73
2023Detailed filing. Detailed filing data is available for this year.$62.5$3.61$58.9$32.4$36.0$3.59
2022Detailed filing. Detailed filing data is available for this year.$65.6$3.67$62.0$34.1$35.3$1.15
2021Detailed filing. Detailed filing data is available for this year.$67.1$2.90$64.2$59.1$26.7$32.4
2020Detailed filing. Detailed filing data is available for this year.$60.4$28.8$31.5$28.8$27.8$1.06
2019Detailed filing. Detailed filing data is available for this year.$58.1$27.8$30.3$27.7$27.6$0.19
2018Detailed filing. Detailed filing data is available for this year.$56.8$26.7$30.1$27.7$28.1$0.40
2017Detailed filing. Detailed filing data is available for this year.$57.9$27.6$30.3$27.4$27.5$0.12
2016Detailed filing. Detailed filing data is available for this year.$58.4$28.4$30.0$24.6$24.4$0.26
2015Detailed filing. Detailed filing data is available for this year.$58.9$28.2$30.7$24.2$23.5$0.75
2014Detailed filing. Detailed filing data is available for this year.$58.7$28.8$30.0$25.6$25.6$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.4$29.4$30.0$25.6
2012Summary only. Only limited summary data is available for this year.$60.9$30.5$30.4$30.6$29.7$0.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.7$31.2$29.5$42.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.6$30.6$28.0$40.7