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Nonprofiteer
← LOUISBURG COLLEGE

Form 990 for tax year 2022

Filed by LOUISBURG COLLEGE.

Totals

Total revenue
$14,808,582
Total expenses
$16,503,537
Contributions and grants received
$2,264,896
Grants paid
$3,182,761
Program services expenses (Part IX)
$12,474,959
Management and general expenses
$3,804,314
Fundraising expenses
$224,264
Program service expenses (Part III)
$12,474,959

Program services were 75.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • D TADLEY DEBERRY

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • WILLIAM R CROSS

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • WILLIAM NORRIS

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • LYNDA C LUMPKIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • BILL BODDIE JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • W BRITT COBB JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • WILLIAM PARRISH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JAMES GAILLIARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • EMILY HODGES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LYNDA W HUDSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LINDA F JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • CHARLES KNIGHT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • GLYNIS HILL-CHANDLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MARLA G COLEMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • FRANKLIN T ROBERTS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • WILLIAM C SHELTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • C BOYD STURGES III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • WARD SYLVESTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • BOBBIE RICHARDSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LUCY T ALLEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • SHARON BRYSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • STEVEN E BROOKS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DR GARY M BROWN

    PRESIDENT

    Total calculated
    $262,291
    From this org
    $242,000
    From related orgs
    $0
    Other
    $20,291
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $242,000
    Bonus
    $0
    Other
    $0
    Deferred
    $14,520
    Nontaxable benefits
    $5,771
    Filer's total
    $262,291
  • DR CALANDRA D LOCKHART

    VICE PRESIDENT OF ACEDEMIC

    Total calculated
    $135,621
    From this org
    $122,500
    From related orgs
    $0
    Other
    $13,121
    Hours/week
    40

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
THE COLLEGE PROVIDES A HOUSE FOR ITS PRESIDENT AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGE. ACCORDINGLY, SUCH LODGING IS NOT INCLUDED IN TAXABLE INCOME.

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
2022
Filed
15 April 2024
IRS schema version
2022v5.0
Source object
202411069349300926

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