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Lane College

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

EIN: 620570060 ✦ Jackson, TN ✦ Designated as a 501(c)(3)

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Overview

What is Lane College?

Lane College is a private, co-educational institution of higher learning, located at 545 Lane Avenue, Jackson, TN 38301. With a staff of 301 employees, Lane College provides instruction, scholarships, and various support services to fulfill its mission of educating students. This institute of higher education plays a crucial role in the community by offering academic programs and essential resources to help students achieve their goals.


Official website here: www.lanecollege.edu/

What are the reviews and ratings of this charity?

Charity Navigator Rating: 92% (Four-Star out of Four Stars)

Lane College has achieved a commendable Four-Star rating from Charity Navigator, highlighting its strong commitment to accountability and finance. The overall score of 92% is derived entirely from a robust performance in the Accountability & Finance category, indicating the organization operates with a high level of transparency and financial integrity.

The college has a fully independent board, with 88% of its members meeting this criterion, and an adequate board size of 23 independent members. Additionally, their financial practices are sound, with no material diversion of assets reported, and a low liabilities to assets ratio of 5.77%. The organization also demonstrates transparency by publicly listing important documents such as financial statements and board meeting minutes.

However, while the rating showcases Lane College's strengths in management and financial oversight, potential donors and supporters may wish for additional information on its programs and community impact, as the score does not assess effectiveness outside of financial metrics. Overall, the data presents Lane College as a fiscally responsible nonprofit with strong governance practices.


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

Is Lane College legitimate?

Lane College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lane 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: $290,679
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,896,059

For more financial information, click here


Official website here: www.lanecollege.edu/

What is the mission statement of Lane College?

Lane College is a private, co-educational institution of higher learning, dedicated to providing instruction and essential support services to its students. Its primary purpose is to educate students, and it achieves this through various scholarship programs and a range of support services. The college is committed to delivering a quality education, equipping students with the knowledge and skills they need to succeed in their academic pursuits and beyond. Lane College fosters an inclusive learning environment where students can grow and thrive, supported by a team of dedicated educators and staff. The institution's mission is to empower students to reach their full potential and make a positive impact in their communities and beyond.


Official website here: www.lanecollege.edu/

Who is the CEO of Lane College?

Dr Logan Hampton is the President of Lane College.


Official website here: www.lanecollege.edu/

What is the revenue of Lane College?

Lane College's revenue in 2022 was $34,131,294.


Official website here: www.lanecollege.edu/

Who are the executives of Lane College and what are their salaries?

The average compensation at Lane College during 2022 was $33,843. There are 301 employees at Lane College.


Here are 30 key members and their salaries:


Dr Logan Hampton (President)
  • Compensation: $224,180
  • Related: $0
  • Other: $66,499
Darryl Mcgee (Officer)
  • Compensation: $100,541
  • Related: $0
  • Other: $10,971
Bishop Marvin F Thomas (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr John T Greene (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Dr Ronald Powe (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Jerry D Woodfork Sr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Drcarmichael Crutchfield (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Phedonia J Johnson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Keith H Taylor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Peris Lester (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Tequila Harris (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Deshawn Barnes (Student Rep)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Aminah F Gooch (Faculty Rep)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Pamela C Springfield (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bishop Henry Williamson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Claude A Bass (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bishiop Nathaniel L Bond (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Captain Voresa Booker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Doris F Boyd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr John D Calhoun (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Louis E Cunningham (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Jessie Edwards (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Dacry Harris (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms E Florence Hervery (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mrs Cynthia Lloyd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Nicky Phillips (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Gary A Taylor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Jacqueline I Scott (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Wayne Williams (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Pene Woods (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lanecollege.edu/

Where can I find the form 990 for Lane College?

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


Official website here: www.lanecollege.edu/

Learn more at the official website: www.lanecollege.edu/

Mission Statement of Lane College

Lane College, a private and co-educational institution of higher learning, is dedicated to providing instruction and various support services to its students. This institution is committed to the primary purpose of educating individuals and aims to go beyond just offering classes.

Established as a beacon of knowledge and development, Lane College offers a well-rounded educational experience. It provides scholarship opportunities and numerous support services that help students thrive academically and personally. The college is an institute where learning is not only limited to the classroom but extends to various aspects of students' lives.

Consistent with its mission, Lane College focuses on instruction as a core component of its offerings. It strives to deliver quality education and instruction that prepares students for successful careers and personal growth. In addition to this, the college offers various support services designed to ensure that students have the resources they need to succeed. These services may include academic tutoring, financial aid, counseling, and career services.

In summary, Lane College is a private and co-educational institution of higher learning, instruction, and support services. It is dedicated to providing a comprehensive educational experience, which goes beyond the classroom to help students thrive both academically and personally.

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Impact




October, 2024

Lane College serves a vital role in the educational landscape of Jackson, TN, by providing access to higher education for a diverse student body. As a private co-educational institution, it offers comprehensive instruction and support services designed to foster academic excellence and personal growth.

The college's commitment to education is underscored by its robust scholarship programs, which help alleviate the financial barriers many students face, enabling them to pursue their academic ambitions. In addition to traditional coursework, Lane College emphasizes holistic support, ensuring that students have the resources they need to succeed both inside and outside the classroom.

By focusing on the development of its students, Lane College not only contributes to individual advancement but also strengthens the local community and economy. Graduates emerge equipped with the knowledge and skills necessary to make meaningful contributions to society, promoting a cycle of education and empowerment. The institution's impact extends beyond mere academics, shaping leaders who will influence various sectors and uplift future generations.




This information is meant to be a general summary of Lane 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
$34,131,294 (2022)
Expenses
$35,286,006 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $207,786
  • Program Service Revenue: $19,074,545
  • Gross Receipts: $34,131,294

Assets and Liabilities:

  • Total Assets: $65,638,607
  • Total Liabilities: $3,672,417
  • Net Assets: $61,966,190

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Programs

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

Auxiliary Enterprises

Revenue

$6,666,002

Student tuition and fees

Revenue

$12,408,543

Organization Details

Founding Year

1909

Principal Officer

Dr Logan Hampton

Main Address

545 LANE AVENUE, JACKSON, TN, 38301

NTEE Category

Code: B42Z - Education

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