EIN 56-0529953

Lees-Mcrae College

IRS 501(c) type
501(c)(3)
Num. employees
523
City
Banner Elk
Year formed
1900
Most recent tax filings
2023-05-01
Description
Lees-McRae is a four-year, coeducational residential college offering diverse baccalaureate degrees, strong athletic programs and outstanding faculty.
Total revenues
$38,490,806
2023
Total expenses
$37,296,436
2023
Total assets
$99,950,537
2023
Num. employees
523
2023

Program areas at Lees-Mcrae College

Education, general / other: Lees-Mcrae College is an accredited, non-profit, coeducational, nonsectarian institution of higher education with enrollment of approximately 855 undergraduate students.
Education, general / other: summer programs, camps and theatre to support educational mission.
Education, general / other: auxiliary services including food service and residential facilities for students attending Lees-Mcrae College (682 students).

Who funds Lees-Mcrae College

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Lettie Pate Whitehead FoundationFor General Scholarship Support.$225,000
The Robert and Janice McNair FoundationGrant Toward High Country Home Scholarship.$100,000
The Robert and Janice McNair FoundationGrant Toward High Country Home Scholarship (2023-24).$100,000
...and 40 more grants received totalling $1,219,920

Personnel at Lees-Mcrae College

NameTitleCompensation
Bill DurhamVice President for Finance and Business Affairs and Chief Financial Officer
William H DurhamVice President of Finance and Business Affairs
Jonathan KokosFormer Vice President of Business Affairs$185,694
Kevin J. PhillipsSenior Vice President for Enrollment Management$203,778
Jason A. JonesVice President for Student Affairs
...and 10 more key personnel

Financials for Lees-Mcrae College

RevenuesFYE 05/2023
Total grants, contributions, etc.$8,993,964
Program services$29,407,946
Investment income and dividends$702,432
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-762,676
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$149,140
Total revenues$38,490,806

Form 990s for Lees-Mcrae College

Fiscal year endingDate received by IRSFormPDF link
2023-052024-04-12990View PDF
2022-052023-04-12990View PDF
2021-052022-04-07990View PDF
2021-052022-03-17990View PDF
2020-052021-04-21990View PDF
...and 10 more Form 990s

Organizations like Lees-Mcrae College

OrganizationLocationRevenue
Saint Mary's College of CaliforniaMoraga, CA$166,493,857
Saint Peter's UniversityJersey City, NJ$116,646,712
Whitworth UniversitySpokane, WA$141,406,517
DeSales UniversityCenter Valley, PA$129,548,696
Saint Augustine's University (SAU)Raleigh, NC$34,029,748
LeTourneau University (LETU)Longview, TX$79,233,946
North Carolina Wesleyan UniversityRocky Mount, NC$47,525,427
Mars Hill UniversityMars Hill, NC$52,018,098
Salem Academy and CollegeWinston Salem, NC$26,737,424
Cornell CollegeMount Vernon, IA$79,829,305
Data update history
October 16, 2024
Updated personnel
Identified 13 new personnel
August 25, 2024
Received grants
Identified 16 new grant, including a grant for $77,500 from Charles A Cannon Charitable Trust No 3
May 18, 2024
Used new vendors
Identified 3 new vendors, including , , and
May 18, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Updated personnel
Identified 4 new personnel
Nonprofit Types
SchoolsHigher ed institutions
Issues
Education
Characteristics
ChristianReligiousReceives government fundingEndowed supportProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
PO Box 128
Banner Elk, NC 28604
County
Watauga County, NC
Website URL
lmc.edu/ 
Phone
(828) 898-5241
Facebook page
lmc.edu 
Twitter profile
@leesmcrae 
IRS details
EIN
56-0529953
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1900
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Independent
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