Civic Intelligence

Lane College

990 • Fiscal year 2016 • EIN 62-0570060

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

Organization Profilewww.lanecollege.edu

View Organization Page

545 Lane AvenueJackson, TN 38301

(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.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

74th percentile

1.15x

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

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

44th percentile

1.1%

Higher net margin than 44% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

45th percentile

$314,831

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

35th percentile

-1.0%

Faster asset growth than 35% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

46th percentile

1.7%

Faster revenue growth than 46% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$58,371,306

Down $562,967 (-1.0%) from 2015

Net Assets

Down

$29,998,578

Down $713,201 (-2.3%) from 2015

Liabilities

Up

$28,372,728

Up $150,234 (+0.5%) from 2015

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin44th percentile

Revenue

Up

$24,622,324

Up $411,610 (+1.7%) from 2015

Expenses

Up

$24,361,696

Up $898,327 (+3.8%) from 2015

Net Income

Down

$260,628

Down $486,717 (-65%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2016

Assets$58,371,306
Liabilities$28,372,728
Net Assets$29,998,578
Open 2016 Filing

Operations Trend

Revenue Growth46th 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

2016

Revenue$24,622,324
Expenses$24,361,696
Net Income$260,628
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$24,622,324
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$41,285,504$41,096,306▼ $189,198
Investments Other Securities$4,335,822$4,366,182▲ $30,360
Pledges and Grants Receivable$2,101,194$3,132,146▲ $1,030,952
Cash and Non-Interest-Bearing Accounts$3,843,472$2,224,021▼ $1,619,451
Accounts Receivable$682,703$858,370▲ $175,667
Inventories for Sale or Use$167,485$228,452▲ $60,967
Prepaid Expenses and Deferred Charges$281,001$185,131▼ $95,870
Other Notes and Loans Receivable, Net$106,366$0▼ $106,366
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$58,934,273$58,371,306▼ $562,967
Other Assets Total$6,130,726$6,280,698▲ $149,972
Liabilities
Mortgage Notes Payable Secured by Investment Property$26,783,513$26,681,222▼ $102,291
Accounts Payable and Accrued Expenses$1,334,555$1,573,651▲ $239,096
Deferred Revenue$3,926$60,796▲ $56,870
Other Liabilities$100,500$57,059▼ $43,441
Total Liabilities$28,222,494$28,372,728▲ $150,234
Net Assets / Fund Balance
Unrestricted Net Assets$28,178,829$27,209,060▼ $969,769
Permanently Rstr Net Assets$1,619,418$1,872,620▲ $253,202
Temporarily Rstr Net Assets$913,532$916,898▲ $3,366
Total Net Assets Fund Balance$30,711,779$29,998,578▼ $713,201
Total Liabilities and Net Assets / Fund Balance$58,934,273$58,371,306▼ $562,967

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$36,633,893$14,115,670$50,749,563
Other Land Buildings$2,083,543$11,289,892$13,373,435
Leasehold Improvements$1,554,923$704,118$2,259,041
Land$823,947-$823,947
Other Assets Org$2,724,577--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
DR Logan HamptonPresidentFT$314,831$314,831
Derrick BurroughsAthletic DirectorFT$101,000$101,000

Board Members and Trustees

NameTitle
Bishop Henry WilliamsonChairman
Attorney Teresa JonesDirector
Dr William E GeorgeDirector
Bishop William H GravesTrustee
Dr Bryan L ChampionTrustee
Dr JERRY D WOODFORK SRTrustee
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
Cassandra OwensFaculty Rep
Rev Charles E Winfrey JrSecretary
Brian SimmonsStudent Rep
Bishop Thomas L Brown SRVice Chariman

Highest Paid Contractors

ContractorServicesLocationCompensation
Perkins Management ServicesServices7730 ENGLAND ST, Charlotte, NC 28273$844,203
Hunter Industrial FlooringCleaning Services701 S ROYAL, Jackson, TN 38305$373,900
D C PlumbingFood Services12500 WEST CREEK PKWY, Richmond, VA 23238$308,700
-Services163 PLANTATION RD, Jackson, TN 38305$119,953
Gourmet ServicesFood Services82 PIEDMONT AVENUE, Atlanta, GA 30303$113,314
Revenue and Support

Revenue Composition

Contributions and Grants
$4,149,594
Program Service Revenue
$20,175,639
Investment Income
$115,414
Other Revenue
$181,677
All Other Contributions
$1,174,945
Change in Net Assets
$260,628

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,622,324
Total Revenue per Audited Statements
$24,622,324
Total Revenue per Form 990
$24,622,324
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,773,160
Salaries, Compensation, and Employee Benefits$9,781,995
Grants and Similar Amounts Paid$1,806,541
Total Fundraising Expense$53,521
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,439,900$1,567,408-$8,007,308
Fees for Services Other$4,000,978$318,240-$4,319,218
Grants to Domestic Individuals$1,806,541--$1,806,541
All Other Expenses$1,607,147$164,986-$1,772,133
Depreciation Depletion$1,670,254--$1,670,254
Interest$1,221,590--$1,221,590
Other Employee Benefits$713,961$130,523-$844,484
Payroll Taxes$495,837$119,535-$615,372
Travel$485,343$97,497-$582,840
Other Expenses$351,443$96,244-$447,687
Current Officers, Directors, Trustees, and Key Employees$91,301$170,009$53,521$314,831
Fees for Services Accounting$136,312$595-$136,907
Conferences and Meetings$89,722$27,820-$117,542
Total Functional Expenses$21,434,733$2,873,442$53,521$24,361,696

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$24,361,696
Total Expenses per Audited Statements$24,361,696
Total Expenses per Form 990$24,361,696
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$55,431
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

Filer Name
Lane College
EIN
62-0570060
Phone
7314267539
Address
545 LANE AVENUE, JACKSON, TN 38301

Signing Officer

Name
Darryl Mcgee
Title
Interim CFO
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Hoskins & Company PC
Address
1900 Church Street Suite 200, Nashville, TN 37203
Preparer
Harvey E Hoskins CPA
Phone
6153217333
Supplemental Narrative

Financial Statement Notes

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

“Provide Scholarships.”

Raw XML AppendixShowing 400 of 676 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm7DrCarmichael Crutchfield
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,371,306
Liabilities
$28,372,728
Net assets
$29,998,578
Revenue
$24,622,324
Expenses
$24,361,696
Net income
$260,628
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