Overview
What is Lees-Mcrae College Inc?
Lees-McRae College Inc, located in North Carolina with a PO Box address in Banner Elk, is a respected nonprofit institution of higher education. Approximately 873 undergraduate students attend this accredited, coeducational, and nonsectarian college. Lees-McRae College's mission is to broaden students' horizons and prepare them for diverse careers and environments. The college's approach to education is creative, collaborative, and critical, inspiring students to make a difference in their chosen fields. With a staff of 481 employees, Lees-McRae College is dedicated to providing a rich learning experience, allowing students to find their place in the world.
Official website here: www.lmc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Lees-Mcrae College Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With an overall score of 96%, the organization demonstrates excellent financial health and transparency, important factors for potential donors looking for trustworthy charities. The rating is based entirely on the Accountability & Finance category, showcasing the college's effective governance and financial practices.
The organization excels in several key areas, including having a fully independent board of directors and a robust audit and oversight committee. It scored full points for maintaining a conflict of interest policy, whistleblower policy, and for ensuring proper documentation of board meeting minutes. Additionally, a very favorable liabilities to assets ratio and a high program expense ratio indicate that the majority of funds are directed towards its programs rather than administrative costs.
While the overall rating is outstanding, potential supporters should consider the specific programs and impact of Lees-Mcrae College Inc to align their charitable giving with their personal values. The high scores in accountability suggest a responsible management of resources, but further insight into the organization's direct impact and community engagement may enhance understanding of its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lees-Mcrae College Inc?
90% of 322 reviewers on Facebook recommend Lees-McRae College. Here is a summary of their reviews:
Many alumni have expressed a deep connection to the college, often highlighting their positive experiences during their time as students. Comments reflect a sense of nostalgia and enthusiasm, particularly from those who are now seeing their own children attend the college, indicating a lasting legacy and trust in the institution's ability to provide a solid education.
Overall, it appears that Lees-McRae College fosters a strong sense of community and satisfaction among its graduates and current students alike, contributing to a positive perception of the college and its programs.
This AI summary has been generated from reviews found on Facebook.
Is Lees-Mcrae College Inc legitimate?
Lees-Mcrae College Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lees-Mcrae College Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $593,476
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,076,045
For more financial information, click here
Official website here: www.lmc.edu
What is the mission statement of Lees-Mcrae College Inc?
Lees-Mcrae College Inc strives to broaden students' horizons and prepare them for diverse careers and environments through education and service. Its mission is to inspire students to approach life and work from a creative, collaborative, and critical perspective. The college is dedicated to helping students pursue their careers and find their place in the world. With an enrollment of approximately 873 undergraduate students, Lees-Mcrae College is a non-profit, coeducational, nonsectarian institution of higher education that is accredited. Its students receive an education that empowers them to think critically and creatively, making them well-equipped for various careers and life situations.
Official website here: www.lmc.edu
Who is the CEO of Lees-Mcrae College Inc?
Dr Herbert L King Jr is the Chair of Lees-Mcrae College Inc.
Official website here: www.lmc.edu
What is the revenue of Lees-Mcrae College Inc?
Lees-Mcrae College Inc's revenue in 2022 was $41,070,473.
Official website here: www.lmc.edu
Who are the executives of Lees-Mcrae College Inc and what are their salaries?
The average compensation at Lees-Mcrae College Inc during 2022 was $20,103. There are 481 employees and 25 volunteers at Lees-Mcrae College Inc.
Here are 32 key members and their salaries:
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Official website here: www.lmc.edu
Where can I find the form 990 for Lees-Mcrae College Inc?
Lees-Mcrae College Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lmc.edu
Learn more at the official website: www.lmc.edu
Mission Statement of Lees-Mcrae College Inc
Lees-Mcrae College, a reputed non-profit educational institution, is dedicated to broadening students' horizons and preparing them for diverse careers and environments. By educating students from a creative, collaborative, and critical perspective, the college empowers them to approach life and work with a fresh perspective. Lees-Mcrae College's mission goes beyond just imparting knowledge. It aims to help students find their place in the world, pursue careers, and grow both personally and professionally. This accredited coeducational and nonsectarian institution, with its enrollment of approximately 873 undergraduate students, is committed to inspiring students to reach their full potential and make a positive impact in the world.
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Impact
October, 2024
Lees-Mcrae College Inc significantly impacts its community and students by providing a transformative education that fosters creativity, collaboration, and critical thinking. With an enrollment of approximately 873 undergraduate students, the college emphasizes a holistic approach to learning that prepares individuals for diverse careers and environments.
The institution is committed to helping students expand their horizons and discover their place in the world through a robust educational experience that includes service-oriented opportunities. By equipping students with essential skills and knowledge, Lees-Mcrae College plays a crucial role in shaping the future workforce, contributing to personal and professional development, and promoting active citizenship.
Located in Banner Elk, North Carolina, the college's mission resonates in its diverse academic offerings and community engagement, enabling students to cultivate a sense of purpose and direction in their lives. Through its emphasis on education and service, Lees-Mcrae College Inc not only enriches individual lives but also strengthens the fabric of the local community and beyond.
This information is meant to be a general summary of Lees-Mcrae College Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $205,579
- Program Service Revenue: $28,468,293
- Gross Receipts: $41,447,871
Assets and Liabilities:
- Total Assets: $87,696,802
- Total Liabilities: $19,565,421
- Net Assets: $68,131,381
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$18,926,141
ROOM & BOARD
Revenue
$6,453,270
OTHER INCOME
Revenue
$3,088,882
Organization Details
Founding Year
1900
Phone
(828) 898-5241Principal Officer
Dr Herbert L King Jr
Main Address
PO BOX 128, BANNER ELK, NC, 28604
Website
www.lmc.eduNTEE Category
Code: B420 - Education
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