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Lemoyne-Owen College

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

EIN: 620475690 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

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Overview

What is Lemoyne-Owen College?

Lemoyne-Owen College is a Memphis, Tennessee-based liberal arts institution dedicated to academic excellence and offering diverse populations with varying academic backgrounds, high-quality educational opportunities. The mission of the college is to deliver a transformative educational experience, equipping students for leadership, scholarship, service, and professional careers, with a focus on urban environments. The college's address is 807 Walker Avenue in Memphis, Tennessee, 38126. The college employs 236 individuals.


Official website here: www.loc.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating: 93% (Four-Star out of Four Stars)

Lemoyne-Owen College has received a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. With a score of 93%, the organization demonstrates effective management of its resources, ensuring transparency and integrity in its operations. The rating is based entirely on the accountability and finance beacon, indicating that the college has stringent financial practices in place.

The college showcases a robust governance structure with 94% of its board members being independent. This independence, along with a comprehensive audit and oversight committee, enhances the institution's credibility. Additionally, the organization has well-defined policies regarding conflict of interest, whistleblower protections, and document retention, contributing positively to its accountability framework.

While the program expense ratio stands at 67.70%, indicating that a significant portion of expenses is allocated towards programs, there might be room for improvement in maximizing the efficiency of these expenditures. However, overall, Lemoyne-Owen College's strong financial practices and governance structure position it as a reliable nonprofit institution.


This AI summary has been generated from information found on Charity Navigator.

Is Lemoyne-Owen College legitimate?

Lemoyne-Owen College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lemoyne-Owen 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: $876,888
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.loc.edu

What is the mission statement of Lemoyne-Owen College?

Lemoyne-Owen College is a liberal arts institution dedicated to academic excellence. It strives to offer quality education to a diverse student population, regardless of their academic backgrounds. The college's mission is to provide a transformative experience for students, preparing them for urban leadership, scholarship, service, and professional careers. By fostering an educational environment that embraces diversity, Lemoyne-Owen College aims to empower students to reach their full potential. Through its commitment to academic excellence, the college equips students with the knowledge and skills needed to succeed in their chosen fields.


Official website here: www.loc.edu

Who is the CEO of Lemoyne-Owen College?

Dr Lynda M Batiste is the President of Lemoyne-Owen College.


Official website here: www.loc.edu

What is the revenue of Lemoyne-Owen College?

Lemoyne-Owen College's revenue in 2022 was $20,712,048.


Official website here: www.loc.edu

Who are the executives of Lemoyne-Owen College and what are their salaries?

The average compensation at Lemoyne-Owen College during 2022 was $3,716. There are 236 employees and 24 volunteers at Lemoyne-Owen College.


Here are 21 key members and their salaries:


Dr Vernell Bennett-Fairs (President)
  • Compensation: $230,000
  • Related: $0
  • Other: $0
Dr Lisa J Lang (Provost Vice President For Academic Affairs)
  • Compensation: $154,500
  • Related: $0
  • Other: $0
Mr Charles Elliott (Chief Information Officer)
  • Compensation: $149,350
  • Related: $0
  • Other: $0
Dr Tara J Dunn-Ross (Vice President, Student Affairs)
  • Compensation: $105,000
  • Related: $0
  • Other: $0
Mr Curtis E Creagh (Vice President, Administration Finance Chief Financial Officer)
  • Compensation: $104,288
  • Related: $0
  • Other: $0
Ms Cynthia L Shelton (Chief Administrative Officer)
  • Compensation: $100,000
  • Related: $0
  • Other: $0
Mr Stanley L Robinson (Interim Chief Financial Officer)
  • Compensation: $33,750
  • Related: $0
  • Other: $0
Dr Christopher Davis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Donald W Comer (Second Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Lilia A Abron (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Patricia Covington (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Albert D Mosley (First Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Mickell Lowery (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mrs Sharon Devine Harris (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Representative Larry J Miller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Jason H Berger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Paul Young (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Byron Cole (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Tracy Miller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Victor Walker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mrs Katherine Cannon Kc Warren (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.loc.edu

Where can I find the form 990 for Lemoyne-Owen College?

Lemoyne-Owen College's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.loc.edu

Learn more at the official website: www.loc.edu

Mission Statement of Lemoyne-Owen College

Lemoyne-Owen College, a liberal arts institution, is dedicated to fostering academic excellence and providing high-quality educational opportunities for a diverse student population with varying levels of academic preparation. The mission of this esteemed institution is to transform lives by educating students for urban-focused leadership, scholarship, service, and professional careers.

In simpler terms, Lemoyne-Owen College focuses on nurturing intellectual growth and character development among its students. Its commitment to academic excellence extends to students from all walks of life, ensuring that everyone receives a rigorous education despite their initial academic background. The ultimate goal is to prepare students for leadership roles, both in their communities and their chosen career paths.

Moreover, Lemoyne-Owen College provides an urban-focused education, equipping students with the necessary skills and knowledge to excel in diverse and complex urban environments. This approach not only prepares students for their futures but also encourages them to engage with their communities and contribute to positive change. By offering a well-rounded educational experience, Lemoyne-Owen College empowers its students to make a difference in their cities and beyond.

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Impact




October, 2024

Lemoyne-Owen College significantly impacts its community by providing a transformative educational experience that prepares students for leadership, scholarship, service, and professional careers. Located in Memphis, TN, this liberal arts institution prioritizes academic excellence and offers high-quality educational opportunities tailored to a diverse student body, including those with varied levels of academic preparation.

Through its programs, the college cultivates urban-focused leaders who are equipped to address the challenges and opportunities within their communities. By fostering an inclusive environment, Lemoyne-Owen College not only enhances the academic journey of its students but also contributes to the broader social and economic development of Memphis. The commitment to educational excellence enables students to gain the skills and knowledge necessary to thrive in their professional lives, thus creating a ripple effect that benefits the entire region.




This information is meant to be a general summary of Lemoyne-Owen 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.

Revenue
$20,712,048 (2022)
Expenses
$20,474,374 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $721,237
  • Program Service Revenue: $8,962,513
  • Gross Receipts: $20,712,048

Assets and Liabilities:

  • Total Assets: $51,409,321
  • Total Liabilities: $9,257,613
  • Net Assets: $42,151,708

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Tuition fees

Revenue

$7,611,443

Sales and services of auxiliary enterprises

Revenue

$1,351,070

Organization Details

Founding Year

1934

Principal Officer

Dr Lynda M Batiste

Main Address

807 Walker Avenue, Memphis, TN, 38126

NTEE Category

Code: B42Z - Education

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