Overview
What is Lenoir-Rhyne University?
Lenoir-Rhyne University is a nonprofit educational institution located in Hickory, North Carolina. With a team of 1008 employees, the university provides an expansive range of academic programs for students, offering 57 undergraduate and 24 graduate degrees across approximately 60 areas of study. Lenoir-Rhyne University is dedicated to delivering quality education, empowering students to achieve their goals and make a positive impact in their communities.
Official website here: www.lr.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Lenoir-Rhyne University has achieved an impressive Four-Star rating from Charity Navigator, highlighting its strong commitment to accountability and financial management. The organization scored 96% overall, with its rating reflecting a perfect score in various categories, indicating a well-governed nonprofit that effectively oversees its finances.
The university boasts a majority of independent board members and a transparent financial operation, with no material diversions of assets reported. Additionally, it has established comprehensive policies regarding conflict of interest, whistleblowing, and document retention, which further demonstrates its adherence to best practices in nonprofit governance.
While the university's program expense ratio is commendable at 71.30%, it indicates that a significant portion of its expenditures is directed towards its programs. However, potential donors and stakeholders might consider the balance of administrative costs versus programmatic investments as part of their evaluation. Overall, Lenoir-Rhyne University exhibits strong financial health and governance, making it a trustworthy organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lenoir-Rhyne University?
88% of 434 reviewers on Facebook recommend Lenoir-Rhyne University. Many reviewers appreciate the close-knit environment, highlighting the small class sizes facilitated by a favorable student-to-faculty ratio. This personal approach fosters a strong sense of community, with staff and faculty often described as caring and supportive, akin to a family.
Students find value in the individualized attention they receive, which enhances their educational experience. The small-town setting is often viewed positively, offering a range of activities that contribute to student life.
Overall, the feedback indicates that the university effectively meets the needs of its students, providing a nurturing atmosphere that promotes both academic success and personal connection.
This AI summary has been generated from reviews found on Facebook.
Is Lenoir-Rhyne University legitimate?
Lenoir-Rhyne University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lenoir-Rhyne University 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: $1,723,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,277,981
For more financial information, click here
Official website here: www.lr.edu
What is the mission statement of Lenoir-Rhyne University?
Lenoir-Rhyne University is dedicated to offering educational programs and conferring undergraduate and graduate degrees in approximately 60 areas of study. With 57 unique undergraduate and 24 graduate programs, the institution provides diverse opportunities for students to expand their knowledge and further their careers. Lenoir-Rhyne University's commitment to education empowers students to reach their full potential and achieve academic success. Through a comprehensive curriculum and a supportive learning environment, the university aims to inspire students and prepare them for personal and professional growth.
Official website here: www.lr.edu
What is the revenue of Lenoir-Rhyne University?
Lenoir-Rhyne University's revenue in 2024 was $83,689,011.
Official website here: www.lr.edu
Who are the executives of Lenoir-Rhyne University and what are their salaries?
The average compensation at Lenoir-Rhyne University during 2024 was $25,238. There are 951 employees and 75 volunteers at Lenoir-Rhyne University.
Here are 38 key members and their salaries:
- Compensation: $694,530
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- Other: $89,439
- Compensation: $215,350
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- Other: $58,547
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- Compensation: $210,451
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- Compensation: $165,552
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- Other: $14,850
- Compensation: $135,402
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- Other: $37,356
- Compensation: $117,373
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- Compensation: $125,463
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- Other: $27,428
- Compensation: $128,605
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- Other: $20,259
- Compensation: $116,982
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- Other: $19,404
- Compensation: $114,279
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Official website here: www.lr.edu
Where can I find the form 990 for Lenoir-Rhyne University?
Lenoir-Rhyne University's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lr.edu
Learn more at the official website: www.lr.edu
Mission Statement of Lenoir-Rhyne University
Lenoir-Rhyne University is a renowned educational institution, dedicated to conferring undergraduate and graduate degrees in around 60 distinct academic programs. The university's mission is to provide students with a rich learning experience, allowing them to expand their horizons and pursue various fields of study. Lenoir-Rhyne University offers a diverse array of undergraduate programs, numbering 57 in total, which cater to a wide range of interests. In addition to this, the university provides 24 graduate programs, enabling students to further advance their knowledge and skills in their chosen fields. By offering such a comprehensive range of academic opportunities, Lenoir-Rhyne University empowers students to achieve their academic and professional goals. Through its commitment to quality education, the university fosters intellectual growth and prepares its students for success in their future endeavors.
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Impact
October, 2024
Lenoir-Rhyne University significantly impacts the community and beyond through its comprehensive educational offerings. Located in Hickory, North Carolina, the institution provides a diverse array of academic programs, conferring undergraduate degrees in approximately 60 fields of study. With 57 undergraduate and 24 graduate programs, Lenoir-Rhyne addresses various educational needs and fosters academic excellence.
The university's mission emphasizes the importance of quality education, empowering students with the knowledge and skills necessary for personal development and professional success. By cultivating a vibrant learning environment, Lenoir-Rhyne not only contributes to the academic landscape but also enhances the cultural and economic vitality of the region. The institution plays a vital role in preparing graduates who are equipped to meet the demands of the workforce and engage meaningfully in their communities.
This information is meant to be a general summary of Lenoir-Rhyne University. 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 2024.
- Investment Income: $5,595,059
- Program Service Revenue: $66,332,063
- Gross Receipts: $99,551,855
Assets and Liabilities:
- Total Assets: $270,721,083
- Total Liabilities: $50,425,975
- Net Assets: $220,295,108
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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
$55,321,747
AUXILIARY SERVICES
Revenue
$9,722,106
OTHER FEES/ADMISSIONS
Revenue
$1,288,210
Organization Details
Founding Year
1905
Principal Officer
Frederick K Whitt
Website
www.lr.eduNTEE Category
Code: B420 - Education
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