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Nonprofiteer
← LAGRANGE COLLEGE PROPERTY MANAGEMENT INC

Form 990 for tax year 2022

Filed by LAGRANGE COLLEGE PROPERTY MANAGEMENT INC.

Totals

Total revenue
$14,874,019
Total expenses
$12,086,600
Contributions and grants received
$14,773,019
Grants paid
$11,275,501
Program services expenses (Part IX)
$12,086,600
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$12,086,600

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • EDWARD D SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MITCHELL KEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY N DURAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT L CARMICHAEL JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DEBORAH HALL

    VP - FINANCE AND OPERATION

    Total calculated
    $146,281
    From this org
    $0
    From related orgs
    $143,413
    Other
    $2,868
    Hours/week
    1 + 40 related

  • SUSANNA BAXTER

    PRESIDENT

    Total calculated
    $328,500
    From this org
    $0
    From related orgs
    $275,000
    Other
    $53,500
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,500 related
    Nontaxable benefits
    $0 + $48,000 related
    Filer's total
    $0 + $328,500 related

  • JERRY FORSTER

    VP - FINANCE AND OPERATION

    Total calculated
    $62,036
    From this org
    $0
    From related orgs
    $62,036
    Other
    $0
    Hours/week
    1 + 40 related

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 — 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

None.

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

  • LAGRANGE COLLEGE

    $0

    THE COLLEGE'S NEW SCIENCE BUILDING IS LOCATED WITHIN A CENSUS TRACT THAT IS ELIGIBLE FOR THE NMTC PROGRAM. IN ORDER TO BENEFIT UNDER THE NMTC PROGRAM, IN APRIL 2016, THE COLLEGE ENTERED INTO A SERIES OF AGREEMENTS AND TRANSACTIONS WITH A CDE AND AN INVESTMENT FUND AFFILIATED WITH A COMMERCIAL BANK. THE COLLEGE FORMED LAGRANGE COLLEGE PROPERTY MANAGEMENT, INC. ("LCPMI") TO FACILITATE THE TRANSACTION. DURING 2023, THE BOARD OF DIRECTORS OF LCPMI ELECTED TO DISSOLVE LCPMI THROUGH AN APPROVED PLAN OF DISSOLUTION WHICH INCLUDES CONTRIBUTING THE PROPERTY ACQUIRED TO LAGRANGE COLLEGE AS PART OF THE NMTC TRANSACTION VALUED AT $11,275,501.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202401319349304390

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