Totals
- Total revenue
- $272,059,219
- Total expenses
- $254,889,018
- Contributions and grants received
- $29,248,517
- Grants paid
- $67,084,375
- Program service revenue
- $220,898,035
- Investment income
- $5,996,195
- Other revenue
- $15,916,472
- Total assets, end of year
- $474,908,065
- Total liabilities, end of year
- $239,182,826
- Net assets or fund balances, end of year
- $235,725,239
- Program services expenses (Part IX)
- $213,470,449
- Management and general expenses
- $37,828,180
- Fundraising expenses
- $3,590,389
- Program service expenses (Part III)
- $213,470,449
Program services were 83.8% 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.
-
1c · Fundraising events
$204,302
-
1e · Government grants (contributions)
$3,382,235
-
1f · All other contributions, gifts and grants
$25,661,980
-
1g · Noncash contributions included above
$5,112,969
-
2a · Program service revenue: TUITION AND FEES
total $189,020,327 · related or exempt $189,020,327
-
2b · Program service revenue: AUXILIARY REVENUE
total $23,426,041 · related or exempt $23,426,041
-
2c · Program service revenue: MISCELLANEOUS INCOME
total $8,451,667 · related or exempt $7,615,603 · unrelated business $836,064
-
3 · Investment income
total $2,476,428 · excluded $2,476,428
-
6a · Gross rents
real property $2,507,820
-
6b · Less rental expenses
real property $1,189,718
-
6c · Rental income or loss
real property $1,318,102
-
6d · Net rental income or loss
total $1,318,102 · unrelated business $299,559 · excluded $1,018,543
-
7a · Gross sales of assets other than inventory
securities $25,070,240 · other assets $137,344
-
7b · Less cost or other basis and sales expenses
securities $21,593,390 · other assets $94,427
-
7c · Gain or loss
securities $3,476,850 · other assets $42,917
-
7d · Net gain or loss
total $3,519,767 · excluded $3,519,767
-
8a · Fundraising events: gross income
$70,328
-
8a · Fundraising events: contributions included on line 1c
$204,302
-
8b · Fundraising events: direct expenses
$46,443
-
8c · Net income from fundraising events
total $23,885 · excluded $23,885
-
11a · Other revenue: INSURANCE SETTLEMENT
total $14,574,485 · excluded $14,574,485
-
11e · Other revenue, total
$14,574,485
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $29,347 · program services $29,347
-
2 · Grants to domestic individuals
total $67,055,028 · program services $67,055,028
-
5 · Compensation of officers, directors and key employees
total $1,632,395 · management and general $1,632,395
-
7 · Other salaries and wages
total $80,037,110 · program services $68,191,348 · management and general $9,660,507 · fundraising $2,185,255
-
8 · Pension plan contributions
total $2,431,674 · program services $2,031,649 · management and general $330,952 · fundraising $69,073
-
9 · Other employee benefits
total $7,126,106 · program services $5,275,613 · management and general $1,574,613 · fundraising $275,880
-
10 · Payroll taxes
total $5,676,988 · program services $4,762,505 · management and general $772,028 · fundraising $142,455
-
11b · Fees: legal
total $104,665 · program services $21,617 · management and general $83,048
-
11c · Fees: accounting
total $222,070 · management and general $222,070
-
11f · Fees: investment management
total $454,672 · management and general $454,672
-
11g · Fees: other
total $3,002,697 · program services $2,422,001 · management and general $580,696
-
12 · Advertising and promotion
total $2,120,709 · program services $377,207 · management and general $1,734,631 · fundraising $8,871
-
13 · Office expenses
total $13,707,660 · program services $7,520,144 · management and general $5,893,882 · fundraising $293,634
-
14 · Information technology
total $2,992,956 · program services $1,497,709 · management and general $1,448,543 · fundraising $46,704
-
16 · Occupancy
total $3,583,382 · program services $2,939,789 · management and general $633,701 · fundraising $9,892
-
17 · Travel
total $6,681,607 · program services $6,089,645 · management and general $446,204 · fundraising $145,758
-
19 · Conferences, conventions and meetings
total $695,459 · program services $665,977 · management and general $23,356 · fundraising $6,126
-
20 · Interest
total $8,657,234 · program services $6,980,225 · management and general $1,677,009
-
22 · Depreciation, depletion and amortization
total $14,367,233 · program services $10,828,206 · management and general $3,539,027
-
23 · Insurance
total $11,504,402 · program services $8,060,388 · management and general $3,165,484 · fundraising $278,530
-
24a · Other expenses: PLANT OPERATIONS
total $10,776,784 · program services $8,082,934 · management and general $2,693,850
-
24b · Other expenses: FOOD SERVICE
total $5,857,978 · program services $5,857,978
-
24c · Other expenses: SPECIAL PROJECTS
total $2,588,695 · program services $1,830,543 · management and general $628,102 · fundraising $130,050
-
24d · Other expenses: MISCELLANEOUS
total $2,437,098 · program services $2,413,789 · management and general $25,148 · fundraising -$1,839
-
24e · All other expenses
total $1,145,069 · program services $536,807 · management and general $608,262
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,175,272 · end of year $1,311,903
-
2 · Savings and temporary cash investments
beginning of year $118,449 · end of year $5,388,619
-
3 · Pledges and grants receivable
beginning of year $18,051,206 · end of year $17,948,583
-
4 · Accounts receivable
beginning of year $11,062,932 · end of year $11,292,264
-
8 · Inventories for sale or use
beginning of year $48,873 · end of year $33,506
-
9 · Prepaid expenses and deferred charges
beginning of year $1,572,185 · end of year $1,590,974
-
10a · Land, buildings and equipment: cost or other basis
$468,077,855
-
10b · Land, buildings and equipment: accumulated depreciation
$174,535,884
-
10c · Land, buildings and equipment, net
beginning of year $287,591,798 · end of year $293,541,971
-
11 · Investments: publicly traded securities
beginning of year $442,480 · end of year $485,675
-
12 · Investments: other securities
beginning of year $123,846,053 · end of year $134,851,593
-
15 · Other assets
beginning of year $13,249,799 · end of year $8,462,977
-
17 · Accounts payable and accrued expenses
beginning of year $17,545,491 · end of year $18,243,740
-
19 · Deferred revenue
beginning of year $12,588,761 · end of year $11,294,028
-
20 · Tax-exempt bond liabilities
beginning of year $198,914,480 · end of year $196,633,530
-
23 · Secured mortgages and notes payable
beginning of year $1,792,262 · end of year $1,253,809
-
25 · Other liabilities
beginning of year $15,830,492 · end of year $11,757,719
-
27 · Net assets without donor restrictions
beginning of year $83,999,581 · end of year $90,794,612
-
28 · Net assets with donor restrictions
beginning of year $129,487,980 · end of year $144,930,627
Mission and programs · 2024
Mission
WE ARE A CHRIST-CENTERED COMMUNITY PREPARING LEARNERS FOR PURPOSEFUL LIVES THROUGH RIGOROUS ACADEMICS AND TRANSFORMATIVE EXPERIENCES.
Activities or mission (Part I)
LIPSCOMB UNIVERSITY DELIVERS A COMPLETE EDUCATION CHARACTERIZED BY INTEGRATION OF CHRISTIAN FAITH.
-
INSTRUCTIONAL EXPENSES:CLASSROOM AND ONLINE AND GLOBAL INSTRUCTION IN A COLLABORATIVE CHRISTIAN LIBERAL ARTS LEARNING ENVIRONMENT FROM PRE-KINDERGARTEN THROUGH THE DOCTORAL LEVEL AND BEYOND WITH LIFELONG LEARNING.
Expenses $135,293,273 · Grants $67,084,375 · Revenue $196,635,930
-
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.
Expenses $36,741,565
-
AUXILIARY ENTERPRISES:PROVIDES STUDENTS WITH THE ENGAGING ON-CAMPUS LIPSCOMB EXPERIENCE. STUDENTS WHO LIVE ON CAMPUS TYPICALLY EXPERIENCE A STRONG SENSE OF POSITIVE COMMUNITY.
Expenses $19,660,831 · Revenue $23,426,041
-
ACADEMIC SUPPORT:INCLUDES ACADEMIC COUNSELING & TESTING SERVICES, ACADEMIC PROGRAM DEVELOPMENT, UNIVERSITY DEANS, INSTRUCTIONAL TECHNOLOGY, LIBRARY SERVICES, AND OTHER AREAS DESIGNED TO ENHANCE A STUDENT'S LEARNING EXPERIENCE AND THE OVERALL QUALITY OF A STUDENT'S EDUCATION.
Expenses $20,808,991
-
PUBLIC SERVICES:INCLUDES COMMUNITY OUTREACH ACTIVITIES, SPIRITUAL FORMATION ACTIVITIES, AND SUSTAINABILITY WHERE LIPSCOMB CAN POSITIVELY IMPACT COMMUNITIES AND THE ENVIRONMENT.
Expenses $965,789
-
RESEARCH:INCLUDES POTENTIAL DISCOVERIES OF NEW OUTCOMES WITH A GOAL OF ADVANCING PROGRESS BOTH INSTITUTIONALLY AND GLOBALLY.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Candice McQueenCANDICE MCQUEEN
PRESIDENT
- Total calculated
- $722,140
- From this org
- $684,752
- From related orgs
- $0
- Other
- $37,388
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $522,652
- Bonus
- $112,000
- Other
- $50,100
- Deferred
- $17,967
- Nontaxable benefits
- $19,421
- Filer's total
- $722,140
-
Richard G CowartRICHARD G COWART
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Gerald CogginGERALD COGGIN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Bennie HarrisBENNIE HARRIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Lisa PierceyLISA PIERCEY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Michael F AdamsMICHAEL F ADAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Buddy BellBUDDY BELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ernie ClevengerERNIE CLEVENGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Morgan W DavisMORGAN W DAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mitch EdgeworthMITCH EDGEWORTH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tony GiarratanaTONY GIARRATANA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bart HarperBART HARPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Van HenleyVAN HENLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Shane HooperSHANE HOOPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ronnie HunterRONNIE HUNTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tom IngramTOM INGRAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Terry KoonceTERRY KOONCE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark LanierMARK LANIER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John LittleJOHN LITTLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Billy LongBILLY LONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeff McGruderJEFF MCGRUDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sue NokesSUE NOKES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Philip M PfefferPHILIP M PFEFFER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vicki Sensing SmithVICKI SENSING SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Neika B StephensNEIKA B STEPHENS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey BaughnJEFFREY BAUGHN
SR V.P. OF FIN & TECH
- Total calculated
- $249,322
- From this org
- $220,737
- From related orgs
- $0
- Other
- $28,585
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $195,940
- Bonus
- $0
- Other
- $24,797
- Deferred
- $10,913
- Nontaxable benefits
- $17,672
- Filer's total
- $249,322
-
Brad SchultzBRAD SCHULTZ
HEAD OF SCHOOL
- Total calculated
- $354,782
- From this org
- $315,605
- From related orgs
- $0
- Other
- $39,177
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $274,768
- Bonus
- $20,000
- Other
- $20,837
- Deferred
- $14,884
- Nontaxable benefits
- $24,293
- Filer's total
- $354,782
-
Jennifer ShewmakerJENNIFER SHEWMAKER
PROVOST
- Total calculated
- $306,151
- From this org
- $258,648
- From related orgs
- $0
- Other
- $47,503
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $245,333
- Bonus
- $250
- Other
- $13,065
- Deferred
- $18,902
- Nontaxable benefits
- $28,601
- Filer's total
- $306,151
-
Charles AcuffCHARLES ACUFF
COACH
- Total calculated
- $402,935
- From this org
- $365,213
- From related orgs
- $0
- Other
- $37,722
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $302,990
- Bonus
- $38,565
- Other
- $23,658
- Deferred
- $16,898
- Nontaxable benefits
- $20,824
- Filer's total
- $402,935
-
Phil HutchesonPHIL HUTCHESON
DIRECTOR OF ATHLETICS
- Total calculated
- $315,014
- From this org
- $273,729
- From related orgs
- $0
- Other
- $41,285
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $217,761
- Bonus
- $25,968
- Other
- $30,000
- Deferred
- $12,345
- Nontaxable benefits
- $28,940
- Filer's total
- $315,014
-
Keith HinkleKEITH HINKLE
SENIOR VICE PRESIDENT
- Total calculated
- $325,893
- From this org
- $285,773
- From related orgs
- $0
- Other
- $40,120
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $221,733
- Bonus
- $33,540
- Other
- $30,500
- Deferred
- $11,180
- Nontaxable benefits
- $28,940
- Filer's total
- $325,893
-
Thomas CampbellTHOMAS CAMPBELL
DEAN, COLLEGE OF PHARMACY
- Total calculated
- $294,322
- From this org
- $264,165
- From related orgs
- $0
- Other
- $30,157
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $245,285
- Bonus
- $0
- Other
- $18,880
- Deferred
- $13,486
- Nontaxable benefits
- $16,671
- Filer's total
- $294,322
-
Charles R EldridgeCHARLES R ELDRIDGE
DEAN EMERITUS
- Total calculated
- $243,817
- From this org
- $232,304
- From related orgs
- $0
- Other
- $11,513
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $199,966
- Bonus
- $3,000
- Other
- $29,338
- Deferred
- $11,284
- Nontaxable benefits
- $229
- Filer's total
- $243,817
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
- 1a · Travel for companions
- 1a · Payments for business use of a personal residence
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 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
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
LIPSCOMB-FLORENCE LLC
HOLD REAL ESTATE · TN · income $0 · assets $2,374,006
Directly controlled by LIPSCOMB UNIVERSITY
-
SE MUSIC STUDIO LLC
MUSIC STUDIO · TN · income $891,678 · assets $440,699
Directly controlled by LIPSCOMB UNIVERSITY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 8 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202640999349301849
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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