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Lenoir-Rhyne University

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 560556753 ✦ Hickory, NC ✦ Designated as a 501(c)(3)

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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: $1,507,536
Professional Fundraising Fees: $155,319
Other Salaries and Wages: $20,507,207

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

Who is the CEO of Lenoir-Rhyne University?

Frederick K Whitt is the Principal Officer of Lenoir-Rhyne University.


Official website here: www.lr.edu

What is the revenue of Lenoir-Rhyne University?

Lenoir-Rhyne University's revenue in 2022 was $120,230,846.


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 2022 was $21,840. There are 1008 employees and 27 volunteers at Lenoir-Rhyne University.


Here are 39 key members and their salaries:


Dr Frederick K Whitt (President)
  • Compensation: $411,137
  • Related: $0
  • Other: $62,388
Gary C Johnson (Provost)
  • Compensation: $194,673
  • Related: $0
  • Other: $31,993
Catherine Niekro (Vp Institutional Advancement)
  • Compensation: $173,836
  • Related: $0
  • Other: $34,926
Rachel Nichols (Vp Enrollment)
  • Compensation: $146,366
  • Related: $0
  • Other: $33,196
Kimberly Pate (Vp Athletics)
  • Compensation: $118,228
  • Related: $0
  • Other: $31,553
Wesley N Reid (Asst Prof. & Program Director)
  • Compensation: $114,498
  • Related: $0
  • Other: $31,363
Michael R Jacobs (Head Football Coach)
  • Compensation: $118,980
  • Related: $0
  • Other: $22,538
David Jones (Professor Of Business)
  • Compensation: $114,157
  • Related: $0
  • Other: $22,159
Jeremy Shreve (Vp Business & Finance)
  • Compensation: $114,109
  • Related: $0
  • Other: $18,519
Brad Egan (Associate Professor)
  • Compensation: $107,603
  • Related: $0
  • Other: $14,430
Scott Weddington (Dean Education & Humanities)
  • Compensation: $111,658
  • Related: $0
  • Other: $6,671
Avery Staley (Vice President Of Dei)
  • Compensation: $75,223
  • Related: $0
  • Other: $3,990
Madeleine S Dassow (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Boyd C Wilson Jr (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherine Esch (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerald Leonhardt (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janie Parks Peak (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Beard Jr (At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Dr Mark Bernthal (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Perrell D Bess (At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Carter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Dr Eric Childers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Rachel L Connelly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marvin S Edwards (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Jackson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dewyone King (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Lambert (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hansel R Mccrorie (At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph P Mcguire (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherine Mckenzie (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Misenheimer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
George A Moretz (At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Isaiah Oglesby (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
C Cliff Ritchie (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Dr Timothy M Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sybil B Stewart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Thomas (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Christopher Webb (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rhodes Woolly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


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 2022 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.

Revenue
$120,230,846 (2022)
Expenses
$95,782,413 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,142,459
  • Program Service Revenue: $78,237,354
  • Gross Receipts: $141,118,179

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

$68,495,116

AUXILIARY SERVICES

Revenue

$9,194,006

OTHER FEES/ADMISSIONS

Revenue

$548,232

Organization Details

Founding Year

1905

Principal Officer

Frederick K Whitt

Main Address

PO Box 7164, Hickory, NC, 286037164

Website

www.lr.edu

NTEE Category

Code: B420 - Education

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