Cause IQ organization profile

Lees-Mcrae College

Lees-Mcrae College is a college based in Banner Elk, NC that was founded in 1900. As of 2018 they had $31 million in revenue and $67 million in assets.

Lees-McRae is a four-year, coeducational residential college offering diverse baccalaureate degrees, strong athletic programs and outstanding faculty.

EIN:

56-0529953

City:

Banner Elk

State:

North Carolina

Website:

lmc.edu

Phone:

828-898-5241

Facebook:

facebook.com/lmc.edu

Twitter:

@leesmcrae

Founded:

1900

Type:

501(c)(3)

NTEE:

B42: Undergraduate colleges

Revenue:

$31,105,379

Assets:

$67,374,879

Employees:

476

Fiscal year end:

May

Revenue trends:

Asset trends:

Program areas at Lees-Mcrae College

Education, general/other: Lees-Mcrae College is an accredited, non-profit, coeducational, nonsectarian institution of higher education with enrollment of approximately 921 undergraduate students.

Education, general/other: summer programs, campus and theatre to support educational mission.

Education, general/other: auxiliary services including food service and residential facilities for students attending Lees-Mcrae College (638 students).

Form 990s for Lees-Mcrae College

Fiscal year ending	Date received by IRS	Form	PDF link
2018-05	May 14, 2019	990	View PDF
2017-05	May 14, 2018	990	View PDF
2016-05	Jun 30, 2017	990	View PDF
2015-05	Jul 26, 2016	990	View PDF
2014-05	May 26, 2015	990	View PDF
...and four more Form 990 PDFs

Financials for Lees-Mcrae College

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$167,694	$168,799	-0.7%
Normal grants, contributions, etc.	$5,424,046	$8,824,883	-38.5%
<em>Non-cash contributions included in above</em>	$1,002,549	$2,412,167	-58.4%
Total grants, contributions, etc.	$5,591,740	$8,993,682	-37.8%

Field	2018	2017	% Change
Total grants, contributions, etc.	$5,591,740	$8,993,682	-37.8%
Program services	$24,584,192	$30,606,310	-19.7%
Investment income and dividends	$484,913	$312,587	55.1%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$359,040	$599,429	-40.1%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$85,494	$1,352,998	-93.7%
Total revenues	$31,105,379	$41,865,006	-25.7%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$8,956,264	$13,851,183	-35.3%
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$425,773	$339,184	25.5%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$7,619,805	$7,542,447	1.0%
Pension/retirement accruals and contributions	$0	$0
Other employee benefits	$1,077,811	$950,702	13.4%
Payroll taxes	$870,571	$859,451	1.3%
Management fees	$0	$0
Legal fees	$0	$0
Accounting fees	$0	$0
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$30,939	$41,434	-25.3%
Other fee-for-service	$430,826	$381,976	12.8%
Advertising and promotion	$0	$0
Office expenses	$593,203	$706,580	-16.0%
Information tech. expenses	$0	$0
Royalty expenses	$0	$0
Occupancy	$925,224	$911,304	1.5%
Travel	$259,999	$259,263	0.3%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$130,799	$176,549	-25.9%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$1,830,420	$1,992,169	-8.1%
Insurance	$0	$0
All other expenses	$4,962,988	$4,698,927	5.6%
Total expenses	$28,114,622	$32,711,169	-14.1%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$11,786,213	$9,508,446	24.0%
Savings, short-term investments, etc.	$26,360	$33,783	-22.0%
Pledges and grants receivable	$5,863,611	$6,895,890	-15.0%
Accounts receivable	$672,962	$861,365	-21.9%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$263,952	$291,205	-9.4%
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$145,952	$140,616	3.8%
Buildings, equipment, etc. post-depreciation	$28,386,993	$28,403,708	-0.1%
Investments, publicly traded securities	$16,957,884	$15,051,433	12.7%
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$3,270,952	$4,271,303	-23.4%
Total assets	$67,374,879	$65,457,749	2.9%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$813,117	$1,197,724	-32.1%
Grants payable	$0	$0
Deferred revenue	$699,248	$720,139	-2.9%
Tax-exempt bond liabilities	$3,485,000	$3,920,000	-11.1%
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$1,686,386	$2,316,544	-27.2%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$821,702	$805,179	2.1%
Total liabilities	$7,505,453	$8,959,586	-16.2%

Field	2018	2017	% Change
Unrestricted net assets	$31,398,810	$28,199,673	11.3%
Temporarily restricted net assets	$11,514,629	$12,336,622	-6.7%
Permanently restricted net assets	$16,955,987	$15,961,868	6.2%

Vendors for Lees-Mcrae College

Vendor	Services	Amount paid	Date
VerticalResponse	Marketing software		2020-06-27
█████ ███████ ███ ███████ ███	Tax accounting; Audit accounting		2020-01-09
████	Investment management; Insurance		2019-12-31
█████████ ███████ ████████ ███	Insurance agent or broker	$980	2019-12-31
███ ████████ ████ █████████ ███████ ██ ███████	Insurance		2019-12-31
█████████ ████ █████████ ███████	Insurance		2019-12-31
██████ ███████ ███ ████████ ██████	Audit accounting		2019-12-31
███ ████████ ████ ██ ███ ████████████ ██████ ████████	Insurance		2019-12-31
...and nine more vendors

Personnel at Lees-Mcrae College

Name	Title	Compensation	Most recent data
Jon Kokos	Vice President for Finance and Business Affairs and Chief Financial Officer and Treasurer	-	Oct. 28, 2020
Jonathan Kokos	Vice President Finance and Business Affairs	-	May 8, 2019
██████ ██ ██████	Vice President for Planning and External Relations	-	Oct. 28, 2020
██████ ███████	Vice President for Advancement	-	Oct. 28, 2020
███████ █████	Vice President Business Af	$93,701	May 31, 2018
█████ ██ ████████	Vice President for Enrollment Management	-	Oct. 28, 2020
███ ██ ████████	Vice President of Student Development	-	June 7, 2018
█████ ███████	Vice President for Athletics and Club Sports	-	Oct. 28, 2020
████ ████	Dean of Faculty	-	Oct. 28, 2020
...and one more key personnel

Peer undergraduate colleges

	Name	Type	Revenue	Location
1	Salem Academy and College	501(c)(3)	$41 million	Winstonsalem, NC
2	Catawba College	501(c)(3)	$75 million	Salisbury, NC
3	North Carolina Wesleyan College	501(c)(3)	$54 million	Rocky Mount, NC
4	Mars Hill University	501(c)(3)	$50 million	Mars Hill, NC
5	Belmont Abbey College	501(c)(3)	$38 million	Belmont, NC
6	William Peace University	501(c)(3)	$42 million	Raleigh, NC
7	Johnson C Smith University (JCSU)	501(c)(3)	$53 million	Charlotte, NC
8	Wartburg College	501(c)(3)	$84 million	Waverly, IA
9	Bellin College	501(c)(3)	$12 million	Green Bay, WI
10	Presentation College (PC)	501(c)(3)	$20 million	Aberdeen, SD
11	Virginia Wesleyan University	501(c)(3)	$64 million	Virginia Beach, VA
12	San Diego Christian College (SDC)	501(c)(3)	$17 million	Santee, CA
13	Mount St Joseph University	501(c)(3)	$58 million	Cincinnati, OH
14	Simpson College	501(c)(3)	$67 million	Indianola, IA
15	Welch College	501(c)(3)	$10 million	Gallatin, TN
16	East West University	501(c)(3)	$10 million	Chicago, IL
17	Daemen College	501(c)(3)	$75 million	Amherst, NY
18	Franciscan Missionaries of Our Lady University (OLOL)	501(c)(3)	$24 million	Baton Rouge, LA
19	Bethany College	501(c)(3)	$27 million	Lindsborg, KS
20	Sojourner-Douglass College	501(c)(3)	$28 million	Baltimore, MD
21	Ohio Wesleyan University (OWU)	501(c)(3)	$120 million	Delaware, OH
22	Harvey Mudd College	501(c)(3)	$112 million	Claremont, CA
23	Sterling College	501(c)(3)	$10 million	Craftsbury Common, VT
24	Canisius College	501(c)(3)	$104 million	Buffalo, NY
25	Ursuline College	501(c)(3)	$30 million	Pepper Pike, OH

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Cause IQ organization profile

Lees-Mcrae College

Program areas at Lees-Mcrae College

Form 990s for Lees-Mcrae College

Financials for Lees-Mcrae College

Vendors for Lees-Mcrae College

Personnel at Lees-Mcrae College

Peer undergraduate colleges

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