- Revenue 2022
- $14,874,019
- Expenses 2022
- $12,086,600
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- Street
- 601 BROAD STREET
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Officers and directors · 2022
As listed in Part VII of the 2022 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
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. Earlier years are each on their own filing page.
Filings
-
2022
- Revenue
- $14,874,019
- Expenses
- $12,086,600
- Contributions
- $14,773,019
- Grants paid
- $11,275,501
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Grants made
-
2022 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.
Grants received
-
$11,415,416
2022 LOAN FORGIVENESS
Related organizations
From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.
Declared on its 2022 return
-
501(C)(3) · HIGHER EDUCATION · GA
Declared as related by
-
On its 2022 return as a controlled entity
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Not present in the most recent drop.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.