Lindsey Wilson College
- Assets
- $105.7m
- Revenue
- $75.9m
- Investments
- $2.3m
- Employees
- 1,025
- Location
- Columbia, KY
- Founding
- 08/1946
- Data as of
- 06/2021
- EIN
- 61-0444763
Organization Overview
Lindsey Wilson College is located in Columbia, KY. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Lindsey Wilson College employed 1,025 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lindsey Wilson College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Lindsey Wilson College generated $75.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $67.6m during the year ending 06/2021. While expenses have increased by 1.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF LINDSEY WILSON COLLEGE IS TO SERVE THE EDUCATIONAL NEEDS OF STUDENTS BY PROVIDING A LIVING-LEARNING ENVIRONMENT WITHIN AN ATMOSPHERE OF ACTIVE CARING AND CHRISTIAN CONCERN WHERE EVERY STUDENT, EVERY DAY, LEARNS AND GROWS AND FEELS LIKE A REAL HUMAN BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: 2,607 FULL AND PART TIME STUDENTS ENROLLED IN UNDERGRADUATE AND GRADUATE CLASSES: 702 DEGREES BESTOWED IN THE ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr William T Luckey Jr President | OfficerTrustee | 40 | $378,232 |
Dr Patricia Parrish VP For Academic Affairs | Officer | 40 | $151,595 |
Dr Lendell Dean Adams VP For Students Services | Officer | 40 | $150,000 |
Mr Mark Coleman VP For Administration And | Officer | 40 | $143,713 |
Mr Kevin Thompson VP For Development | Officer | 40 | $111,105 |
Dr Greg Phelps Faculty Representative | Trustee | 40 | $45,056 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ori Acquistion Inc Dba Office Resources Furniture | 6/29/22 | $231,778 |
Ellucian Company Lp Technology | 6/29/22 | $364,424 |
Malachi Global Pathway Group Inc Recruiting | 6/29/22 | $843,150 |
Syscolouisville Food Service Food Services | 6/29/22 | $763,792 |
Alpha Mechanical Service Inc Mechanical Services | 6/29/22 | $263,745 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,616,445 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,640,215 |
| Noncash contributions included in lines 1a–1f | $328,268 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,256,660 |
| Total Program Service Revenue | $60,571,691 |
| Investment income | $651,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,088,509 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,911,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,086,473 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,079,055 |
| Compensation of current officers, directors, key employees. | $581,342 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,462,272 |
| Pension plan accruals and contributions | $596,417 |
| Other employee benefits | $2,587,276 |
| Payroll taxes | $1,361,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,700 |
| Fees for services: Accounting | $72,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $136,825 |
| Fees for services: Other | $2,600 |
| Advertising and promotion | $251,365 |
| Office expenses | $640,396 |
| Information technology | $585,485 |
| Royalties | $0 |
| Occupancy | $2,315,149 |
| Travel | $789,565 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,364 |
| Interest | $870,655 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,257,344 |
| Insurance | $430,360 |
| All other expenses | $89,963 |
| Total functional expenses | $67,566,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,581,896 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,117,922 |
| Loans from Officers, Directors, or Controlling Persons | $680,079 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $304,907 |
| Prepaid expenses and deferred charges | $107,377 |
| Net Land, buildings, and equipment | $49,862,647 |
| Investments—publicly traded securities | $37,082,658 |
| Investments—other securities | $2,343,384 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,631,506 |
| Total assets | $105,712,376 |
| Accounts payable and accrued expenses | $2,393,288 |
| Grants payable | $0 |
| Deferred revenue | $2,614,785 |
| Tax-exempt bond liabilities | $19,660,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,490,294 |
| Total liabilities | $27,158,367 |
| Net assets without donor restrictions | $45,996,188 |
| Net assets with donor restrictions | $32,557,821 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $105,712,376 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lindsey Wilson College has recieved totaling $12,937.
| Awarding Organization | Amount |
|---|---|
Eleanor Terry Norfleet Charitable Tr Lexington, KY PURPOSE: SCHOLARSHIP FUND | $12,937 |
Endowment Analysis
| Beg. Balance | $37,179,682 |
| Earnings | -$4,723,223 |
| Net Contributions | $1,529,090 |
| Other Expense | $1,223,685 |
| Ending Balance | $32,761,864 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of The Cumberlands Inc Williamsburg, KY | $474,140,732 | $211,155,067 |
National-Louis University Wheeling, IL | $128,972,894 | $126,590,535 |
Franciscan University Of Steubenville Steubenville, OH | $297,369,155 | $157,148,850 |
University Of Lynchburg Lynchburg, VA | $240,911,893 | $116,895,847 |
Marymount University Arlington, VA | $272,414,108 | $118,614,940 |
Saint Xavier University Chicago, IL | $126,945,077 | $117,823,501 |
Rockhurst University Kansas City, MO | $176,706,478 | $126,555,115 |
University Of Toledo Physicians Clinical Facility Inc Toledo, OH | $66,626,181 | $116,403,876 |
Otterbein University Westerville, OH | $236,973,881 | $106,500,900 |
Dominican University River Forest, IL | $154,609,403 | $111,703,155 |
University Of Evansville Evansville, IN | $383,851,853 | $114,850,213 |
Benedictine University Lisle, IL | $178,325,344 | $99,425,882 |