Civic Intelligence

Lane College

990 • Fiscal year 2018 • EIN 62-0570060

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 21, 2019

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

0.47x

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

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

73rd percentile

0.96x

Higher debt load relative to revenue than 73% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

25th percentile

-1.4%

Higher net margin than 25% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

31st percentile

$251,239

Higher top officer pay than 31% of similar nonprofits.

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

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

27th percentile

-1.8%

Faster asset growth than 27% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

36th percentile

1.3%

Faster revenue growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Down

$56,839,107

Down $1,041,334 (-1.8%) from 2017

Net Assets

Down

$30,128,287

Down $193,926 (-0.6%) from 2017

Liabilities

Down

$26,710,820

Down $847,408 (-3.1%) from 2017

Revenue

Up

$27,739,226

Up $363,669 (+1.3%) from 2017

Expenses

Up

$28,134,235

Up $634,684 (+2.3%) from 2017

Net Income

Down

-$395,009

Down $271,015 (-219%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$56,839,107
Liabilities$26,710,820
Net Assets$30,128,287

Operations Trend

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

2018

Revenue$27,739,226
Expenses$28,134,235
Net Income-$395,009
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 21, 2019
Return Version
2017v2.2
Gross Receipts
$27,739,226
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$39,971,436$38,833,363▼ $1,138,073
Investments Other Securities$5,124,976$5,236,537▲ $111,561
Accounts Receivable$2,496,421$3,643,567▲ $1,147,146
Pledges and Grants Receivable$2,233,916$1,747,764▼ $486,152
Cash and Non-Interest-Bearing Accounts$1,409,802$833,411▼ $576,391
Prepaid Expenses and Deferred Charges$270,077$226,283▼ $43,794
Inventories for Sale or Use$159,378$147,689▼ $11,689
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$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$57,880,441$56,839,107▼ $1,041,334
Other Assets Total$6,214,435$6,170,493▼ $43,942
Liabilities
Mortgage Notes Payable Secured by Investment Property$25,553,306$24,219,789▼ $1,333,517
Accounts Payable and Accrued Expenses$1,799,365$1,771,225▼ $28,140
Other Liabilities$72,184$705,991▲ $633,807
Deferred Revenue$133,373$13,815▼ $119,558
Total Liabilities$27,558,228$26,710,820▼ $847,408
Net Assets / Fund Balance
Unrestricted Net Assets$27,235,444$26,741,325▼ $494,119
Permanently Rstr Net Assets$2,052,528$2,285,940▲ $233,412
Temporarily Rstr Net Assets$1,034,241$1,101,022▲ $66,781
Total Net Assets Fund Balance$30,322,213$30,128,287▼ $193,926
Total Liabilities and Net Assets / Fund Balance$57,880,441$56,839,107▼ $1,041,334

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$35,447,468$16,362,823$51,810,291
Other Land Buildings$1,207,302$12,301,127$13,508,429
Leasehold Improvements$1,354,646$926,588$2,281,234
Land$823,947-$823,947
Other Assets Org$2,822,860--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$2,813,830$160,228▲ $63,021$84,974$3,114,024
2016$2,516,579$72,405▲ $47,085$188,801$2,813,830
2015$2,260,011$240,007▲ $48,030$19,286$2,516,579
2014$2,296,195$25,482▲ $50,686$8,270$2,260,011
2013$2,223,912$67,727▲ $482,292$456,741$2,296,195
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Logan HamptonPresidentFT$251,239$251,239
Moses Goldmon-FT$116,920$116,920
Derrick BurroughsAthletic DirectorFT$102,000$102,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Jackson Energy AuthorityUtility351 Dr Martin Luther King Jr Drive, Jackson, TN 38301$1,315,671
Team CleanCleaning ServicePO Box 10277, Jackson, TN 38308$1,080,000
SyscoFood Service4359 BF Goodrich Blvd, Memphis, TN 38118$1,012,943
Sm Lawrence CoMaintenance245 Preston Street, Jackson, TN 38305$403,345
D A T Staffing-65 Murray Guard Dr, Jackson, TN 38305$386,944
Revenue and Support

Revenue Composition

Contributions and Grants
$4,847,745
Program Service Revenue
$22,221,964
Investment Income
$180,140
Other Revenue
$489,377
All Other Contributions
$1,634,612
Change in Net Assets
$-395,009

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,739,226
Revenue Not Reported on Form 990
$-2,888,905
Total Revenue per Audited Statements
$24,850,321
Total Revenue per Form 990
$27,739,226
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,058,217
Salaries, Compensation, and Employee Benefits$11,187,113
Grants and Similar Amounts Paid$2,888,905
Total Fundraising Expense$42,711
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,786,838$1,643,262-$9,430,100
Fees for Services Management$2,650,413$464,377-$3,114,790
Grants to Domestic Individuals$2,888,905--$2,888,905
All Other Expenses$1,465,136$699,649-$2,164,785
Depreciation Depletion$1,727,713--$1,727,713
Interest-$1,136,868-$1,136,868
Other Employee Benefits$751,031$91,551-$842,582
Other Expenses$627,428$148,953-$776,381
Travel$563,779$101,106-$664,885
Payroll Taxes$548,749$114,443-$663,192
Insurance$410,049--$410,049
Fees for Services Accounting$299,593--$299,593
Current Officers, Directors, Trustees, and Key Employees$72,859$135,669$42,711$251,239
Total Functional Expenses$22,200,085$5,891,439$42,711$28,134,235

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$28,134,235
Total Expenses per Form 990$28,134,235
Total Expenses per Audited Statements$25,245,330
Expenses Not Reported on Form 990$-2,888,905
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
other current liabilities$668,261
Deposit & Other Liabilities$36,102
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
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
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
2019-02-21
Discuss with paid preparer
Yes

Organization Details

Formed
1909
Legal Domicile
Tn
Voting Board Members
26
Independent Board Members
23
Employees
424

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.

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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/PersonNm0Dr Logan Hampton
IRS990/Form990PartVIISectionAGrp/PersonNm1Bishop Marvin F Thomas
IRS990/Form990PartVIISectionAGrp/PersonNm2Attorney Charles E Carpenter
IRS990/Form990PartVIISectionAGrp/PersonNm3Mr John T Greene
IRS990/Form990PartVIISectionAGrp/PersonNm4Mr Harold Byrd
IRS990/Form990PartVIISectionAGrp/PersonNm5Dr Bryan L Champion
IRS990/Form990PartVIISectionAGrp/PersonNm6Dr Tyrone Davis
IRS990/Form990PartVIISectionAGrp/PersonNm7Ms Tisa Day
IRS990/Form990PartVIISectionAGrp/PersonNm8Rev Dr Ronald Powe
IRS990/Form990PartVIISectionAGrp/PersonNm9Dr Jerry D Woodfork Sr
IRS990/Form990PartVIISectionAGrp/PersonNm10Ms Jesse N Carpenter
IRS990/Form990PartVIISectionAGrp/PersonNm11DrCarmichael Crutchfield
IRS990/Form990PartVIISectionAGrp/PersonNm12Attorney Teresa Jones
IRS990/Form990PartVIISectionAGrp/PersonNm13Dr Phedonia J Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm14Dr Warner Dickerson
IRS990/Form990PartVIISectionAGrp/PersonNm15Bishop William H Graves
IRS990/Form990PartVIISectionAGrp/PersonNm16Rev William Gant
IRS990/Form990PartVIISectionAGrp/PersonNm17Dr Keith H Taylor
IRS990/Form990PartVIISectionAGrp/PersonNm18Rev Peris Lester
IRS990/Form990PartVIISectionAGrp/PersonNm19Dr Tequila Harris
IRS990/Form990PartVIISectionAGrp/PersonNm20Mr Manuel Twillie
IRS990/Form990PartVIISectionAGrp/PersonNm21Mr Braylin Laster
IRS990/Form990PartVIISectionAGrp/PersonNm22Dr Mose Y Brooks Hooks
IRS990/Form990PartVIISectionAGrp/PersonNm23Professor Cassandra Owens
IRS990/Form990PartVIISectionAGrp/PersonNm24Bishop Henry Williamson
IRS990/Form990PartVIISectionAGrp/PersonNm25MrJesse J Tyson
IRS990/Form990PartVIISectionAGrp/PersonNm26DERRICK BURROUGHS
IRS990/Form990PartVIISectionAGrp/PersonNm27Moses Goldmon
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt21Student Rep
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IRS990/Form990PartVIISectionAGrp/TitleTxt23Faculty Rep
IRS990/Form990PartVIISectionAGrp/TitleTxt24Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt25Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt26ATHLETIC DIRECTOR
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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