Totals
- Total revenue
- $34,339,062
- Total expenses
- $62,152,246
- Contributions and grants received
- $4,110,431
- Grants paid
- $11,778,948
- Program service revenue
- $21,888,591
- Investment income
- $7,788,650
- Other revenue
- $551,390
- Total assets, end of year
- $123,712,110
- Total liabilities, end of year
- $98,823,621
- Net assets or fund balances, end of year
- $24,888,489
- Program services expenses (Part IX)
- $51,262,696
- Management and general expenses
- $8,996,749
- Fundraising expenses
- $1,892,801
- Program service expenses (Part III)
- $51,262,696
Program services were 82.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,083,189
-
1f · All other contributions, gifts and grants
$3,027,242
-
1g · Noncash contributions included above
$956,478
-
2a · Program service revenue: TUITION & FEES
total $21,888,591 · related or exempt $21,888,591
-
3 · Investment income
total $2,706,860 · excluded $2,706,860
-
6a · Gross rents
real property $44,019
-
6b · Less rental expenses
real property $115,020
-
6c · Rental income or loss
real property -$71,001
-
6d · Net rental income or loss
total -$71,001 · excluded -$71,001
-
7a · Gross sales of assets other than inventory
securities $54,949,328 · other assets $767,354
-
7b · Less cost or other basis and sales expenses
securities $49,826,625 · other assets $808,267
-
7c · Gain or loss
securities $5,122,703 · other assets -$40,913
-
7d · Net gain or loss
total $5,081,790 · excluded $5,081,790
-
10a · Gross sales of inventory
$170,840
-
10b · Cost of goods sold
$115,522
-
10c · Net income from sales of inventory
total $55,318 · excluded $55,318
-
11a · Other revenue: MISCELLANEOUS
total $567,073 · related or exempt $567,073
-
11e · Other revenue, total
$567,073
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $11,778,948 · program services $11,778,948
-
5 · Compensation of officers, directors and key employees
total $333,632 · program services $133,453 · management and general $116,771 · fundraising $83,408
-
7 · Other salaries and wages
total $11,555,811 · program services $9,240,644 · management and general $1,169,528 · fundraising $1,145,639
-
9 · Other employee benefits
total $2,594,618 · program services $2,010,607 · management and general $480,602 · fundraising $103,409
-
11a · Fees: management
total $112,159 · management and general $112,159
-
11b · Fees: legal
total $216,926 · management and general $216,926
-
11c · Fees: accounting
total $161,189 · management and general $161,189
-
11g · Fees: other
total $2,310,143 · program services $1,190,872 · management and general $1,119,271
-
12 · Advertising and promotion
total $683,704 · program services $328,597 · management and general $62,587 · fundraising $292,520
-
13 · Office expenses
total $1,748,432 · program services $673,286 · management and general $874,900 · fundraising $200,246
-
14 · Information technology
total $1,110,756 · program services $31,537 · management and general $1,079,219
-
16 · Occupancy
total $933,859 · program services $630,942 · management and general $302,917
-
17 · Travel
total $1,066,357 · program services $953,565 · management and general $80,445 · fundraising $32,347
-
20 · Interest
total $3,545,147 · program services $2,709,834 · management and general $835,313
-
22 · Depreciation, depletion and amortization
total $2,834,034 · program services $2,601,718 · management and general $232,316
-
23 · Insurance
total $840,361 · program services $804,298 · management and general $36,063
-
24a · Other expenses: SETTLEMENT EXPENSE
total $9,430,000 · program services $9,430,000
-
24b · Other expenses: OTHER EXPENSES
total $4,495,691 · program services $2,538,336 · management and general $1,922,123 · fundraising $35,232
-
24c · Other expenses: MAINTENANCE
total $3,629,551 · program services $3,435,131 · management and general $194,420 · fundraising $0
-
24d · Other expenses: HOUSING AND MEALS
total $2,770,928 · program services $2,770,928 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,499,702 · end of year $4,153,843
-
2 · Savings and temporary cash investments
beginning of year $26,110,131 · end of year $54,212
-
3 · Pledges and grants receivable
beginning of year $2,044,719 · end of year $1,426,801
-
4 · Accounts receivable
beginning of year $946,113 · end of year $915,955
-
8 · Inventories for sale or use
beginning of year $149,974 · end of year $167,431
-
9 · Prepaid expenses and deferred charges
beginning of year $873,826 · end of year $636,190
-
10a · Land, buildings and equipment: cost or other basis
$86,112,500
-
10b · Land, buildings and equipment: accumulated depreciation
$51,709,589
-
10c · Land, buildings and equipment, net
beginning of year $31,331,503 · end of year $34,402,911
-
11 · Investments: publicly traded securities
beginning of year $35,813,631 · end of year $5,394,819
-
12 · Investments: other securities
beginning of year $6,822,153 · end of year $74,660,835
-
15 · Other assets
beginning of year $1,819,971 · end of year $1,899,113
-
17 · Accounts payable and accrued expenses
beginning of year $1,994,055 · end of year $8,500,499
-
20 · Tax-exempt bond liabilities
beginning of year $8,187,961 · end of year $7,487,953
-
21 · Escrow or custodial account liability
beginning of year $9,552 · end of year $4,928
-
23 · Secured mortgages and notes payable
beginning of year $35,099,795 · end of year $79,194,313
-
25 · Other liabilities
beginning of year $3,500,273 · end of year $3,635,928
-
27 · Net assets without donor restrictions
beginning of year -$6,627,942 · end of year -$40,971,842
-
28 · Net assets with donor restrictions
beginning of year $65,248,029 · end of year $65,860,331
Mission and programs · 2023
Mission
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.
-
INSTRUCTION & OTHER ACADEMIC PROGRAMS AND ACADEMIC SUPPORT - UNDERGRADUATE AND NON-CREDIT CLASSES ARE PROVIDED.
Expenses $31,973,968 · Revenue $17,632,686
-
STUDENT AID AND STUDENT LOANS - SCHOLARSHIPS, WORK STUDY PROGRAMS, AND LOANS ARE MADE AVAILABLE TO ENABLE STUDENTS TO CONTINUE THEIR EDUCATIONS.
Expenses $11,778,948 · Grants $11,778,948
-
AUXILARY ENTERPRISES - HOUSING, FOOD SERVICES, AND BOOKSTORE ACTIVITIES ARE PROVIDED AS A SERVICE TO THOSE ON CAMPUS TO ENHANCE CAMPUS LIFE.
Expenses $7,509,780 · Revenue $4,822,978
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jason EarleyJASON EARLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Victor WerleyVICTOR WERLEY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Terrell KingTERRELL KING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
David JonesDAVID JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
James L Rutherford IIIJAMES L RUTHERFORD III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
William Branch JrWILLIAM BRANCH JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Suzanne BlairSUZANNE BLAIR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Ben BrainardBEN BRAINARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Taylor FitterlingTAYLOR FITTERLING
YOUNG ALUMNI TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Camryn LongCAMRYN LONG
YOUNG ALUMNI TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jonathon ThompsonJONATHON THOMPSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
John BellerJOHN BELLER
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Gary PaxonGARY PAXON
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Marvin McCalmanMARVIN MCCALMAN
ALUMNI TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Enid OlveyENID OLVEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Melissa TavernerMELISSA TAVERNER
PRESIDENT
- Total calculated
- $268,529
- From this org
- $238,948
- From related orgs
- $0
- Other
- $29,581
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $238,948
- Bonus
- $0
- Other
- $0
- Deferred
- $12,000
- Nontaxable benefits
- $17,581
- Filer's total
- $268,529
-
Joseph D Botana IIJOSEPH D BOTANA II
VP OF BUSINESS AND FINANCE
- Total calculated
- $156,366
- From this org
- $140,521
- From related orgs
- $0
- Other
- $15,845
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,521
- Bonus
- $0
- Other
- $0
- Deferred
- $5,280
- Nontaxable benefits
- $10,565
- Filer's total
- $156,366
-
David HutchinsonDAVID HUTCHINSON
VICE PRESIDENT FOR ADVANCE
- Total calculated
- $129,905
- From this org
- $116,664
- From related orgs
- $0
- Other
- $13,241
- Hours/week
- 40
-
Anthony K GraftonANTHONY K GRAFTON
PROVOST
- Total calculated
- $158,591
- From this org
- $127,127
- From related orgs
- $0
- Other
- $31,464
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $127,127
- Bonus
- $0
- Other
- $0
- Deferred
- $7,750
- Nontaxable benefits
- $23,714
- Filer's total
- $158,591
-
A Danell HetirckA DANELL HETIRCK
VICE PRESIDENT FOR STUDENT LIFE
- Total calculated
- $133,066
- From this org
- $103,317
- From related orgs
- $0
- Other
- $29,749
- Hours/week
- 40
-
Branndii PetersonBRANNDII PETERSON
EX. DIRECTOR OF TRIO
- Total calculated
- $120,304
- From this org
- $104,322
- From related orgs
- $0
- Other
- $15,982
- Hours/week
- 40
-
Burke SoffeBURKE SOFFE
DEAN OF DENTAL MEDICINE SCHOOL
- Total calculated
- $246,553
- From this org
- $227,450
- From related orgs
- $0
- Other
- $19,103
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $227,450
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $19,103
- Filer's total
- $246,553
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501359349310520
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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