Civic Intelligence

Lane College

990 • Fiscal year 2019 • EIN 62-0570060

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 10, 2020

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

68th percentile

0.48x

Higher debt load relative to assets than 68% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

1.00x

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

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

38th percentile

0.7%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$310,384

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

40th percentile

2.3%

Faster asset growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

37th percentile

0.0%

Faster revenue growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Up

$58,120,724

Up $1,281,617 (+2.3%) from 2018

Net Assets

Up

$30,322,302

Up $194,015 (+0.6%) from 2018

Liabilities

Up

$27,798,422

Up $1,087,602 (+4.1%) from 2018

Revenue

Up

$27,748,010

Up $8,784 (+0.0%) from 2018

Expenses

Down

$27,553,995

Down $580,240 (-2.1%) from 2018

Net Income

Up

$194,015

Up $589,024 (+149%) from 2018

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

2019

Assets$58,120,724
Liabilities$27,798,422
Net Assets$30,322,302

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

2019

Revenue$27,748,010
Expenses$27,553,995
Net Income$194,015
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 10, 2020
Return Version
2018v3.1
Gross Receipts
$27,748,010
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$38,833,363$40,605,041▲ $1,771,678
Investments Other Securities$5,236,537$4,920,064▼ $316,473
Accounts Receivable$3,643,567$3,923,343▲ $279,776
Cash and Non-Interest-Bearing Accounts$833,411$1,941,660▲ $1,108,249
Inventories for Sale or Use$147,689$431,579▲ $283,890
Pledges and Grants Receivable$1,747,764$426,239▼ $1,321,525
Prepaid Expenses and Deferred Charges$226,283$0▼ $226,283
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$56,839,107$58,120,724▲ $1,281,617
Other Assets Total$6,170,493$5,872,798▼ $297,695
Liabilities
Mortgage Notes Payable Secured by Investment Property$24,219,789$25,114,957▲ $895,168
Accounts Payable and Accrued Expenses$1,771,225$1,863,687▲ $92,462
Other Liabilities$705,991$772,501▲ $66,510
Deferred Revenue$13,815$47,277▲ $33,462
Total Liabilities$26,710,820$27,798,422▲ $1,087,602
Net Assets / Fund Balance
Unrestricted Net Assets$26,741,325$26,678,547▼ $62,778
Permanently Rstr Net Assets$2,285,940$2,542,733▲ $256,793
Temporarily Rstr Net Assets$1,101,022$1,101,022→ $0
Total Net Assets Fund Balance$30,128,287$30,322,302▲ $194,015
Total Liabilities and Net Assets / Fund Balance$56,839,107$58,120,724▲ $1,281,617

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$36,694,013$18,411,580$55,105,593
Other Land Buildings$1,945,081$11,702,295$13,647,376
Leasehold Improvements$1,102,662$1,150,934$2,253,596
Land$863,285-$863,285
Other Assets Org$2,609,233--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$3,114,122$66,330▼ $28,713$237,180$3,370,871
2017$2,813,830$160,228▲ $63,119$84,974$3,114,122
2016$2,516,579$72,405▲ $47,085$188,801$2,183,830
2015$2,260,011$240,007▲ $48,030$19,286$2,156,579
2014$2,296,195$25,482▲ $50,686$8,270$2,260,011
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Logan HamptonPresidentFT$310,384$310,384

Highest Paid Contractors

ContractorServicesLocationCompensation
Hunt Williams Development LLCGeneral Contractor1031 GREYSTONE SQUARE, Jackson, TN 38305$1,220,000
Artizan Constructors LLCGeneral Contractor1331 UNION AVE 1002, Memphis, TN 38104$1,115,100
Jackson Energy AuthorityUtility351 DR MARTIN LUTHER KING JR DR, Jackson, TN 38301$1,091,884
SyscoFood Service4359 BF Goodrich Blvd, Memphis, TN 38118$1,060,389
Team CleanCleaning ServicePO Box 10277, Jackson, TN 38308$1,040,000
Revenue and Support

Revenue Composition

Contributions and Grants
$6,207,593
Program Service Revenue
$20,921,752
Investment Income
$328,466
Other Revenue
$290,199
All Other Contributions
$1,538,901
Change in Net Assets
$194,015

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,361,955
Revenue Not Reported on Financial Statements
$3,386,055
Other Revenue Adjustments
$3,386,055
Total Revenue per Audited Statements
$24,361,955
Total Revenue per Form 990
$27,748,010
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,151,813
Salaries, Compensation, and Employee Benefits$10,016,127
Grants and Similar Amounts Paid$3,386,055
Total Fundraising Expense$61,735
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,269,530$1,041,053-$8,310,583
Grants to Domestic Individuals$3,386,055--$3,386,055
Fees for Services Legal$2,175,362$94,186-$2,269,548
Depreciation Depletion$1,674,651--$1,674,651
Occupancy$1,277,532--$1,277,532
Interest$1,164,740--$1,164,740
Other Expenses$928,919$1,082,471-$928,919
All Other Expenses$629,258$105,218-$734,476
Travel$659,042$57,698-$716,740
Payroll Taxes$597,271$99,586$8,970$705,827
Other Employee Benefits$578,575$110,758-$689,333
Fees for Services Accounting$665,383--$665,383
Office Expenses$573,512--$573,512
Insurance$518,441--$518,441
Current Officers, Directors, Trustees, and Key Employees$90,011$167,608$52,765$310,384
Fees for Service Investment Mgmnt Fees-$18,048-$18,048
Total Functional Expenses$24,715,634$2,776,626$61,735$27,553,995

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$27,553,995
Expenses per Audited Statements$24,167,940
Total Expenses per Audited Statements$24,167,940
Expenses Not Reported on Financial Statements$3,386,055
Other Expense Adjustments$3,386,055
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$722,231
Deposit & Other Liabilities$48,642
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
Chief Budget Officer
Signed
2020-04-10
Discuss with paid preparer
Yes

Organization Details

Formed
1909
Legal Domicile
Tn
Voting Board Members
26
Independent Board Members
23
Employees
442

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.

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

Scholarships & assistance $3386055

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

Scholarships & assistance $3386055

Raw XML AppendixShowing 400 of 742 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/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
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21Student Rep
IRS990/Form990PartVIISectionAGrp/TitleTxt22Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt23Faculty Rep
IRS990/Form990PartVIISectionAGrp/TitleTxt24Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt25Trustee
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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