Lyon College
- Assets
- $114.5m
- Revenue
- $34.0m
- Investments
- $6.4m
- Employees
- 539
- Location
- Batesville, AR
- Founding
- 04/1946
- Data as of
- 06/2022
- EIN
- 71-0246213
Organization Overview
Lyon College is located in Batesville, AR. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Lyon College employed 539 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyon 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 06/2022, Lyon College generated $34.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $37.6m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LYON COLLEGE OFFERS A LIBERAL ARTS EDUCATION OF SUPERIOR QUALITY IN A PERSONALIZED SETTING. A SELECTIVE, INDEPENDENT, UNDERGRADUATE, RESIDENTIAL TEACHING AND LEARNING COMMUNITY AFFILIATED WITH THE PRESBYTERIAN CHURCH (USA). LYON ENCOURAGES THE FREE INTELLECTUAL INQUIRY ESSENTIAL TO SOCIAL, ETHICAL AND SPIRITUAL GROWTH. WITH A RICH SCHOLARLY AND RELIGIOUS HERITAGE, LYON DEVELOPS, IN A CULTURE OF HONOR, RESPONSIBLE CITIZENS AND LEADERS COMMITTED TO CONTINUED PERSONAL GROWTH AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION & OTHER ACADEMIC PROGRAMS AND ACADEMIC SUPPORT - UNDERGRADUATE AND NON-CREDIT CLASSES ARE PROVIDED.
STUDENT AID AND STUDENT LOANS - SCHOLARSHIPS, WORK STUDY PROGRAMS, AND LOANS ARE MADE AVAILABLE TO ENABLE STUDENTS TO CONTINUE THEIR EDUCATIONS.
AUXILARY ENTERPRISES - HOUSING, FOOD SERVICES, AND BOOKSTORE ACTIVITIES ARE PROVIDED AS A SERVICE TO THOSE ON CAMPUS TO ENHANCE CAMPUS LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perry Wilson Chairman | OfficerTrustee | 0.5 | $0 |
Victor Werley Vice Chairman | OfficerTrustee | 0.5 | $0 |
Scott Wood Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
David Jones Trustee | Trustee | 0.5 | $0 |
James L Rutherford III Trustee | Trustee | 0.5 | $0 |
William Branch Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Dining Services Food Services | 6/29/23 | $2,557,124 |
National Management Resources Maintenance Management | 6/29/23 | $1,361,662 |
Apogee Telecom Information Technology | 6/29/23 | $980,380 |
Jenzabar Information Technology | 6/29/23 | $264,989 |
Cromwell Architects Architects/engineers | 6/29/23 | $159,242 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,253,069 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,879,046 |
| Noncash contributions included in lines 1a–1f | $136,638 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,132,115 |
| Total Program Service Revenue | $20,367,513 |
| Investment income | $1,564,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$84,772 |
| Net Gain/Loss on Asset Sales | $3,714,002 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $51,471 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,951,461 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,777,982 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $627,354 |
| Compensation of current officers, directors, key employees. | $219,574 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,090,369 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,796,072 |
| Payroll taxes | $0 |
| Fees for services: Management | $461,482 |
| Fees for services: Legal | $34,757 |
| Fees for services: Accounting | $122,231 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $579,434 |
| Advertising and promotion | $591,383 |
| Office expenses | $1,184,873 |
| Information technology | $411,039 |
| Royalties | $0 |
| Occupancy | $651,511 |
| Travel | $924,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $936,389 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,970,713 |
| Insurance | $481,454 |
| All other expenses | $0 |
| Total functional expenses | $37,580,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,920,588 |
| Savings and temporary cash investments | $17,019,861 |
| Pledges and grants receivable | $2,053,690 |
| Accounts receivable, net | $442,911 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,248 |
| Inventories for sale or use | $137,572 |
| Prepaid expenses and deferred charges | $1,119,431 |
| Net Land, buildings, and equipment | $33,023,385 |
| Investments—publicly traded securities | $52,331,965 |
| Investments—other securities | $6,448,935 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,471 |
| Total assets | $114,547,057 |
| Accounts payable and accrued expenses | $1,740,966 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $8,870,545 |
| Escrow or custodial account liability | $4,280 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $29,177,424 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,318,106 |
| Total liabilities | $42,111,321 |
| Net assets without donor restrictions | $8,137,967 |
| Net assets with donor restrictions | $64,297,769 |
| 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 | $114,547,057 |