Overview
What is Louisburg College?
Louisburg College is a two-year residential institution located at 501 North Main Street, Louisburg, NC 27549. It is related to the United Methodist Church and is dedicated to providing a supportive community for young men and women, nurturing their intellectual, cultural, social, physical, and spiritual growth. The college has experienced a steady increase in students with higher average GPAs and improved SAT/ACT scores, particularly in math, as a result of targeted recruitment efforts. Course completion rates reached 73% in the previous year. Notably, 73% of graduates over the past five years have transferred to four-year universities, such as East Carolina University, UNC Greensboro, NC Central University, and UNC Charlotte. The mission of Louisburg College is to serve as a bridge for students transitioning from high school to senior colleges and universities. Currently, the organization employs 263 individuals.
Official website here: www.louisburg.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92%, Four-Star out of Four Star rating.
Louisburg College has achieved a commendable 92% score, reflecting a strong commitment to accountability and financial management. The rating is primarily based on their impressive performance in the Accountability & Finance category, indicating that they maintain a high level of transparency and ethical governance. Key strengths include a fully independent board with a majority of members, excellent oversight of financial statements, and a robust conflict of interest policy.
The organization demonstrates fiscal responsibility with a program expense ratio of 77.29%, which suggests that a significant portion of its expenditures directly supports its mission-related activities. Additionally, there are no reported issues with material diversion of assets, which reinforces their financial integrity. Their proactive measures, such as maintaining documented board meeting minutes and a whistleblower policy, further enhance their credibility.
While the organization excels in accountability and finance, the summary provides no additional insights into programmatic effectiveness or community impact, which are also vital components of a nonprofit's overall success. Nonetheless, the strong financial indicators present a clear picture of Louisburg College as a well-governed institution.
This AI summary has been generated from information found on Charity Navigator.
Is Louisburg College legitimate?
Louisburg College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisburg College 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: $622,238
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,802,765
For more financial information, click here
Official website here: www.louisburg.edu
What is the mission statement of Louisburg College?
Louisburg College is a two-year residential institution related to the United Methodist Church, committed to providing a supportive community for young men and women as they transition from high school to senior colleges and universities. The college nurtures students intellectually, culturally, socially, physically, and spiritually. With strategic recruitment efforts, Louisburg College has seen an increase in students with higher GPAs and SAT/ACT scores, particularly in math. Course completion rates for the year totaled 73%. The success of Louisburg College in preparing students for the next steps in their collegiate careers is reflected in the number of graduates who have transferred to four-year institutions, including East Carolina University, UNC Greensboro, NC Central University, and UNC Charlotte.
Official website here: www.louisburg.edu
Who is the CEO of Louisburg College?
Dr Gary M Brown is the Chairman of Louisburg College.
Official website here: www.louisburg.edu
What is the revenue of Louisburg College?
Louisburg College's revenue in 2022 was $23,005,525.
Official website here: www.louisburg.edu
Who are the executives of Louisburg College and what are their salaries?
The average compensation at Louisburg College during 2022 was $13,023. There are 263 employees and 22 volunteers at Louisburg College.
Here are 26 key members and their salaries:
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- Other: $10,548
Official website here: www.louisburg.edu
Where can I find the form 990 for Louisburg College?
Louisburg College's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.louisburg.edu
Learn more at the official website: www.louisburg.edu
Mission Statement of Louisburg College
Louisburg College, a faith-based two-year residential institution, is dedicated to providing a supportive community that fosters the intellectual, cultural, social, physical, and spiritual growth of young men and women as they transition from high school to senior colleges and universities. The college's mission is to bridge the gap between secondary and higher education, offering an engaging learning environment that nurtures students' potential.
Louisburg College's commitment to its students' success is evident in the consistent increase of students with higher GPAs and SAT/ACT scores, particularly in math. The college's strategic recruitment efforts have attracted a more academically prepared student body. With a course completion rate of 73% for the year, Louisburg College's success in preparing students for the next steps in their collegiate careers is demonstrated by the high number of graduates who transfer to four-year institutions. Over the past five years, 73% of Louisburg College graduates have transferred to prestigious universities like East Carolina University, UNC Greensboro, NC Central University, and UNC Charlotte. These figures underscore the college's effectiveness in providing a strong foundation for students' future academic pursuits.
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Impact
October, 2024
Louisburg College plays a vital role in enhancing educational pathways for students transitioning from high school to senior colleges and universities. The institution has seen a significant increase in student achievement, with higher GPA averages and improved SAT/ACT scores in math attributed to strategic recruitment efforts. Notably, the college boasts a course completion rate of 73%, demonstrating its effectiveness in supporting student persistence and success.
The impact of Louisburg College is further illustrated by its impressive transfer rates; over the past five years, 73% of graduates have successfully transitioned to four-year institutions such as East Carolina University, UNC Greensboro, NC Central University, and UNC Charlotte. This success reflects the college's commitment to nurturing young men and women in an environment that fosters intellectual, cultural, social, physical, and spiritual growth. By providing a supportive community, Louisburg College equips its students with the tools necessary for academic advancement and personal development, laying a strong foundation for their future endeavors.
This information is meant to be a general summary of Louisburg College. 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: $1,402,336
- Program Service Revenue: $14,662,918
- Gross Receipts: $23,037,752
Assets and Liabilities:
- Total Assets: $47,886,546
- Total Liabilities: $20,355,427
- Net Assets: $27,531,119
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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
$9,771,372
AUXILIARY ENTERPRISES
Revenue
$4,891,546
Organization Details
Founding Year
1928
Phone
(919) 496-2521Principal Officer
Dr Gary M Brown
Main Address
501 NORTH MAIN STREET, LOUISBURG, NC, 27549
Website
www.louisburg.eduNTEE Category
Code: B41 - Education
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