Lipscomb University

Organization Overview

Lipscomb University is located in Nashville, TN. The organization was established in 1940. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Lipscomb University employed 2,649 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lipscomb University 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 05/2021, Lipscomb University generated $216.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $206.3m during the year ending 05/2021. While expenses have increased by 3.1% 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.

Since 2015, Lipscomb University has awarded 15 individual grants totaling $111,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LIPSCOMB UNIVERSITY DELIVERS A COMPLETE EDUCATION CHARACTERIZED BY INTEGRATION OF CHRISTIAN FAITH AND PRACTICE WITH ACADEMIC EXCELLENCE. THIS COMPLETE EDUCATION, WHICH INCLUDES LIBERAL ARTS STUDIES AND PROFESSIONAL PREPARATION, DOES NOT SUGGEST A FINISHED EDUCATION. RATHER, IT REFLECTS LIPSCOMB'S COMMITMENT TO THE COMPREHENSIVE DEVELOPMENT OF EACH STUDENT - SPIRITUALLY, INTELLECTUALLY, SOCIALLY, AND PHYSICALLY - AS LIPSCOMB PREPARES ITS GRADUATES FOR A LIFE OF LEARNING, LEADING, AND SERVING. LIPSCOMB ALSO SEEKS TO MAKE A POSITIVE DIFFERENCE IN THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTRUCTIONAL EXPENSES:CLASSROOM AND ONLINE AND GLOBAL INSTRUCTION IN A COLLABORATIVE CHRISTIAN LIBERAL ARTS LEARNING ENVIRONMENT FROM PRE-KINDERGARTEN THROUGH THE DOCTORAL LEVEL AND BEYOND WITH LIFELONG LEARNING.


STUDENT SERVICES:ENGAGING STUDENT LIFE IN A DYNAMIC AND DIVERSE COMMUNITY THAT GIVES STUDENTS THE OPPORTUNITY TO BE REAL WITH THEMSELVES AND EACH OTHER WHILE PROVIDING OPPORTUNITIES FOR SPIRITUAL FAITH DEVELOPMENT THROUGH SERVICE AND LEARNING.


AUXILIARY ENTERPRISES:PROVIDES STUDENTS WITH THE ENGAGING ON-CAMPUS LIPSCOMB EXPERIENCE. STUDENTS WHO LIVE ON CAMPUS TYPICALLY EXPERIENCE A STRONG SENSE OF POSITIVE COMMUNITY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Slingshot Lp
Academic Services
$1,510,562
Case Restoration Co
Construction
$4,590,273
Sodexo Inc And Affiliates
Food Service
$5,414,665
First American Equipment Finance
Financial Services
$1,496,018
Insight Investments Llc
Techonology
$1,413,128
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $11,455,950
All other contributions, gifts, grants, and similar amounts not included above$16,772,751
Noncash contributions included in lines 1a–1f $880,554
Total Revenue from Contributions, Gifts, Grants & Similar$28,228,701
Total Program Service Revenue$182,524,563
Investment income $1,004,544
Tax Exempt Bond Proceeds $0
Royalties $23
Net Rental Income $1,288,160
Net Gain/Loss on Asset Sales $3,211,203
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $216,257,194

Grants Awarded

Over the last fiscal year, Lipscomb University has awarded $15,000 in support to 2 organizations.

Grant RecipientAmount

NASHVILLE AREA CHAMBER OF COMMERCE

Org PageRecipient Profile

Nashville, TN

PURPOSE: SCHEDULED INVESTMENT

$10,000

MIDDLE TENNESSEE COUNCILBOY SCOUTS OF AMERICA

Org PageRecipient Profile

Nashville, TN

PURPOSE: GIFT TO THE BOY SCOUTS OF AMERICA

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Lipscomb University has recieved totaling $55,762.

Awarding OrganizationAmount
Anonymous Trust

Raleigh, NC

PURPOSE: SCHOLARSHIP FOR CRISTIAN RAMIRES

$35,540
Anonymous Trust

Raleigh, NC

PURPOSE: SCHOLARSHIP FOR JOHN CRUZ

$13,722
Backer Family Charitable Trust

Omaha, NE

PURPOSE: GENERAL FUND

$5,000
The Rogers Foundation Inc

Morristown, TN

PURPOSE: SCHOLARSHIP

$1,250
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$104,008,185
Earnings-$1,154,016
Net Contributions$3,071,481
Other Expense$800,000
Grants$2,581,732
Ending Balance$102,543,918

Peer Organizations

Organization NameAssets
Wake Forest University
Winstonsalem, NC
$681,736,258
Emory University
Decatur, GA
$526,678,235
Savannah College Of Art And Design Inc
Savannah, GA
$587,003,201
University Of Richmond
Richmond, VA
$713,801,637
The Corporation Of Mercer University
Macon, GA
$444,048,225
Belmont University
Nashville, TN
$464,356,154
Elon University
Elon, NC
$374,224,853
Samford University
Birmingham, AL
$280,325,292
Campbell University Inc
Buies Creek, NC
$263,777,466
Lipscomb University
Nashville, TN
$216,257,194
Webster University
St Louis, MO
$161,315,329
Hampton University
Hampton, VA
$270,327,094

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