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 05/2020, Lipscomb University employed 2,919 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 05/2020, Lipscomb University generated $193.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $204.9m during the year ending 05/2020. While expenses have increased by 3.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

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.


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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Board, Officers & Key Employees

Name (title)Compensation
Randy R Lowry III
President
$570,348
Charles Acuff
Coach
$225,975
Danny Taylor
Sr VP Finance And Administration
$213,018
Charles R Eldridge
Dean Of College Of Busines
$212,994
Thomas Campbell
Dean Of College Of Pharmac
$212,766
W Craig Bledsoe
Provost
$202,405

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Solomon Builders Inc
Construction
$5,793,458
American Constructors Inc
Construction
$3,772,732
Us Bank
Financial Services
$3,397,196
Df Chase Inc
Construction
$5,461,599
Sodexo Inc And Affiliates
Food Service
$4,650,675
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$17,299,060
Investment income $1,477,873
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,021,478
Net Gain/Loss on Asset Sales -$3,045,958
Net Income from Fundraising Events $36,216
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $193,551,646

Grants Awarded

Over the last fiscal year, Lipscomb University has awarded $31,000 in support to 5 organizations.

Grant RecipientAmount

NASHVILLE AREA CHAMBER OF COMMERCE

Org PageRecipient Profile

Nashville, TN

PURPOSE: SCHEDULED INVESTMENT

$10,000

BEST BUDDIES OF NASHVILLE

Org PageRecipient Profile

Miami, FL

PURPOSE: IMPACT/CAMPER DONATION

$6,000

AMERICAN HEART ASSOCIATION

Org PageRecipient Profile

Dallas, TX

PURPOSE: NASHVILLE HEART GALA 2020

$5,000

NASHVILLE PUBLIC EDUCATION FOUNDATION

Org PageRecipient Profile

Nashville, TN

PURPOSE: SILVER SPONSORSHIP FOR 2019 HALL OF FAME

$5,000

NASHVILLE REPERTORY THEATER INC

Org PageRecipient Profile

Nashville, TN

PURPOSE: NEW WORKS SPONSORSHIP

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Lipscomb University has recieved totaling $294,970.

Awarding OrganizationAmount
Adams Christian Tr

Murfreesboro, TN

PURPOSE: SCHOLARSHI

$100,000
Louis R Draughon Foundation

Birmingham, AL

PURPOSE: GENERAL OPERATING

$65,000
Anderson Family Foundation

Salem, OR

PURPOSE: RELIGIOUS

$60,000
Washington Foundation

Nashville, TN

PURPOSE: UNRESTRICTED GIFT

$22,500
Harrison-Robbie Dearing Foundation

Nashville, TN

PURPOSE: GENERAL

$11,600
Servant Foundation

Overland Park, KS

PURPOSE: EDUCATION

$8,750
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$82,027,830
Earnings$1,794,871
Net Contributions$1,116,854
Other Expense$2,273,052
Grants$2,966,158
Ending Balance$79,700,345

Peer Organizations

Organization NameAssets
Wake Forest University
Winstonsalem, NC
$583,443,727
Emory University
Decatur, GA
$526,678,235
Savannah College Of Art And Design Inc
Savannah, GA
$587,003,201
University Of Richmond
Richmond, VA
$458,087,443
The Corporation Of Mercer University
Macon, GA
$406,533,025
Elon University
Elon, NC
$328,453,491
Belmont University
Nashville, TN
$378,873,316
Campbell University Inc
Buies Creek, NC
$261,461,317
Samford University
Birmingham, AL
$233,018,125
Lipscomb University
Nashville, TN
$193,551,646
Hampton University
Hampton, VA
$206,010,995
Webster University
St Louis, MO
$161,315,329

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