EIN 56-0556753

Lenoir-Rhyne University (LR)

IRS 501(c) type
501(c)(3)
Num. employees
1,008
Year formed
1905
Most recent tax filings
2022-05-01
Description
Lenoir-Rhyne is a private, coeducational university affiliated with the North Carolina Synod of the Evangelical Lutheran Church and open to students from all religious backgrounds.
Total revenues
$120,230,846
2022
Total expenses
$95,782,413
2022
Total assets
$270,721,083
2022
Num. employees
1,008
2022

Program areas at LR

Provide educational programs & confer degrees for 57 undergraduate & 24 graduate academic programs of study.
Provide educational programs & confer masters level graduate degrees in counseling, athletic training, business & occupational therapy.
Provide student life programs to residential & commuter students as part of their academic experiences at the University.

Who funds Lenoir-Rhyne University (LR)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Charles A Cannon Charitable Trust No 1Hvac in Pe Monroe Auditorium$300,000
Piedmont Educational FoundationGeneral Support$199,710
Lettie Pate Whitehead FoundationFor Nursing Scholarships.$190,000
...and 35 more grants received totalling $1,537,811
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS$20,784,942
Department of EducationFEDERAL PELL GRANT PROGRAM$3,038,153
Department of EducationEDUCATION STABILIZATION FUND$2,831,740
...and 6 more federal grants / contracts

Personnel at LR

NameTitleCompensation
Chris PeekPresident and Chief Executive Officer Caromont Health
Katherine F. McKenzieExecutive Vice President and Chief Human Resources Officer , Citizens Financial Group Retired$0
Jeremy ShreveVice President of Finance and Administration$114,109
Cat NiekroVice President of Institutional Advancement
Rachel NicholsVice President of Enrollment Management / Dean Enrollment Management / Vice President for Enrollment Management / Vice President Enrollment Management$146,366
...and 26 more key personnel

Financials for LR

RevenuesFYE 05/2022
Total grants, contributions, etc.$32,772,720
Program services$78,237,354
Investment income and dividends$9,070,667
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$78,313
Net gain from sale of non-inventory assets$71,792
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$120,230,846

Form 990s for LR

Fiscal year endingDate received by IRSFormPDF link
2022-052023-04-04990View PDF
2021-052022-04-12990View PDF
2020-052021-04-15990View PDF
2019-052020-10-05990View PDF
2018-052019-05-14990View PDF
...and 9 more Form 990s

Organizations like LR

OrganizationLocationRevenue
Wilmington CollegeWilmington, OH$36,397,348
Davidson CollegeDavidson, NC$353,448,425
Mount Aloysius CollegeCresson, PA$49,681,704
Canisius CollegeBuffalo, NY$104,179,636
Lancaster Bible College (LBC)Lancaster, PA$46,492,602
McPherson CollegeMcpherson, KS$65,375,899
Thomas More UniversityCrestview Hills, KY$65,917,717
Georgetown CollegeGeorgetown, KY$70,520,784
Marywood UniversityScranton, PA$109,929,749
California Baptist University (CBU)Riverside, CA$400,113,733
Data update history
July 5, 2023
Used new vendors
Identified 1 new vendor, including
June 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 13, 2023
Updated personnel
Identified 4 new personnel
June 9, 2023
Used new vendors
Identified 7 new vendors, including , , , , , , and
Nonprofit Types
SchoolsHigher ed institutions
Issues
Education
Characteristics
ChristianReligiousState / local levelReceives government fundingEndowed supportProvides scholarshipsTax deductible donations
General information
Address
PO Box 7164
Hickory, NC 28603
Metro area
Hickory-Lenoir-Morganton, NC
Website URL
lr.edu/ 
Phone
(828) 328-7300
Facebook page
LenoirRhyne 
Twitter profile
@lenoirrhyne 
IRS details
EIN
56-0556753
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1905
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Independent
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