2024-05-10T15:21:52-05:00 2023-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2022-07-01 580566199 LAGRANGE COLLEGE LAGR 7708808000 601 BROAD STREET LAGRANGE GA 30240 JERRY FORSTER VP - FINANCE AND OPERATIONS 7708808000 2024-05-09 1 JERRY FORSTER XXX-XX-XXXX 1 MARY JO ALEXANDER P00002534 7709558600 2024-05-09 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR SUSANNA BAXTER 601 BROAD STREET LAGRANGE GA 30240 45227498 0 X WWW.LAGRANGE.EDU X 1831 GA EDUCATION - LAGRANGE COLLEGE CHALLENGES THE MINDS AND INSPIRES THE SOULS OF ITS STUDENTS FOUNDED IN 1831 AND COMMITTED TO ITS RELATIONSHIP WITH THE UNITED METHODIST CHURCH AND ITS WESLEYAN AND LIBERAL ARTS TRADITIONS, THE COLLEGE SUPPORTS STUDENTS IN THEIR SEARCH FOR TRUTH IN AN ETHICAL AND CARING COMMUNITY VALUING CIVILITY, DIVERSITY, SERVICE AND EXCELLENCE. LAGRANGE COLLEGE PREPARES STUDENTS TO BECOME SUCCESSFUL, RESPONSIBLE CITIZENS WHO ASPIRE TO LIVE LIVES OF INTEGRITY AND MORAL COURAGE. 31 29 583 100 13056 0 11978419 14852091 25967890 27748449 5490108 1475080 38662 1144011 43475079 45219631 12141981 23272021 0 0 11375120 10979003 0 0 550463 13957129 16303624 37474230 50554648 6000849 -5335017 157765322 154921141 40376290 39426251 117389032 115494890 X EDUCATION - LAGRANGE COLLEGE CHALLENGES THE MINDS AND INSPIRES THE SOULS OF ITS STUDENTS. FOUNDED IN 1831 AND COMMITTED TO ITS RELATIONSHIP WITH THE UNITED METHODIST CHURCH AND ITS WESLEYAN AND LIBERAL ARTS TRADITIONS, THE COLLEGE SUPPORTS STUDENTS IN THEIR SEARCH FOR TRUTH IN AN ETHICAL AND CARING COMMUNITY VALUING CIVILITY, DIVERSITY, SERVICE AND EXCELLENCE. LAGRANGE COLLEGE PREPARES STUDENTS TO BECOME SUCCESSFUL, RESPONSIBLE CITIZENS WHO ASPIRE TO LIVE LIVES OF INTEGRITY AND MORAL COURAGE. 0 0 44003129 23272021 27745846 LAGRANGE COLLEGE OFFERS AN ASSOCIATE OF SCIENCE DEGREE WITH 1 MAJOR, AND A BACHELOR OF ARTS DEGREE WITH 16 MAJORS, A BACHELOR OF SCIENCE DEGREE IN 5 AREAS, A BACHELOR OF BUSINESS ADMINISTRATION, A BACHELOR OF MUSIC, AND A BACHELOR OF SCIENCE DEGREE IN NURSING. THE COLLEGE ALSO OFFERS THE MASTER OF ARTS IN TEACHING, THE MASTER OF EDUCATION, THE EDUCATIONAL SPECIALIST, AND THE MASTER OF ARTS IN CLINICAL MENTAL HEALTH COUNSELING. IN ADDITION, DURING THE 2022-2023 ACADEMIC YEAR, THERE WERE 583 UNDERGRADUATE AND 60 GRADUATE STUDENTS ENROLLED AT THE COLLEGE. OF THAT NUMBER 383 WERE RESIDENTIAL. DURING THE SPRING 2023 COMMENCEMENT, THE COLLEGE AWARDED 198 DEGREES. DURING THE YEAR, THERE WERE 352 STUDENTS WHO PARTICIPATED IN AT LEAST ONE OF THE COLLEGE'S NCAA DIVISION III ATHLETIC PROGRAMS. 44003129 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 1 43 0 1 583 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X JERRY FORSTER 7068808232 601 BROAD STREET LAGRANGE GA 30240 SUSANNA BAXTER PRESIDENT 40.00 X X 275000 0 53500 DEBORAH HALL VP - FINANCE AND OPERATION 40.00 X 143413 0 2868 JOHN HEAD VP - ENROLLMENT MANAGEMENT 40.00 X 140000 0 2800 REBECCA NICKS VP - ADVANCEMENT 40.00 X 129000 0 3566 GREG MCCLANAHAN SR. ASSOCIATE VP, PROFESSOR - MATHEMATICS 40.00 X 125728 0 3975 MARANAH SAUTER ASSOCIATE VP, PROFESSOR - NURSING 40.00 X 116343 0 3150 JERRY FORSTER VP - FINANCE AND OPERATION 40.00 X 62036 0 0 KATHY R MCCOLLUM TRUSTEE-CHAIRMAN 1.00 X X 0 0 0 WILLIAM M HODGES TRUSTEE-VICE CHAIRMAN 1.00 X X 0 0 0 H SPEER BURDETTE III TRUSTEE-SECRETARY 1.00 X X 0 0 0 ROBERT L CARMICHAEL JR TRUSTEE 1.00 X 0 0 0 ANIL R MODI TRUSTEE 1.00 X 0 0 0 CHRIS C EDWARDS TRUSTEE 1.00 X 0 0 0 DANIEL T BROWN TRUSTEE 1.00 X 0 0 0 DEEDEE G WILLIAMS TRUSTEE 1.00 X 0 0 0 EDWARD A MONTAG TRUSTEE 1.00 X 0 0 0 EDWARD D SMITH TRUSTEE 1.00 X 0 0 0 GEORGE F WHEELOCK III TRUSTEE 1.00 X 0 0 0 GEORGE W BAKER JR TRUSTEE 1.00 X 0 0 0 GREG W WRIGHT TRUSTEE 1.00 X 0 0 0 J KENNERLY BOATWRIGHT III TRUSTEE 1.00 X 0 0 0 JAMES M WOOD III TRUSTEE 1.00 X 0 0 0 JOE F RAGLAND JR TRUSTEE 1.00 X 0 0 0 KEITH SHURBUTT TRUSTEE 1.00 X 0 0 0 KELLY D CAIN TRUSTEE 1.00 X 0 0 0 LAURANNE BUCHANAN TRUSTEE 1.00 X 0 0 0 LINDA COLE TRUSTEE 1.00 X 0 0 0 MITCHELL T KEY TRUSTEE 1.00 X 0 0 0 OLUGBENGA O OBASANJO TRUSTEE 1.00 X 0 0 0 PAUL S PENN III TRUSTEE 1.00 X 0 0 0 R COLEMAN FOSS TRUSTEE 1.00 X 0 0 0 RICHARD S SIMMONS TRUSTEE 1.00 X 0 0 0 SCOTT D HAWKINS TRUSTEE 1.00 X 0 0 0 SONYA S GAITHER TRUSTEE 1.00 X 0 0 0 SUE MARIE WADDELL TRUSTEE 1.00 X 0 0 0 WILLIAM F MCRAE JR TRUSTEE 1.00 X 0 0 0 SHEARON GLOVER TRUSTEE 1.00 X 0 0 0 TIM IRWIN TRUSTEE 1.00 X 0 0 0 T SCOTT MALONE TRUSTEE 1.00 X 0 0 0 GEORGE LANKFORD TRUSTEE 1.00 X 0 0 0 WILLIAM PLYBON TRUSTEE 1.00 X 0 0 0 LISA TUNSTALL TRUSTEE 1.00 X 0 0 0 991520 0 69859 6 0 1 0 ARAMARK CORPORATION P O BOX 16 BROAD STREET LAGRANGE GA 30240 DINING & CATERING SERVICE 1688726 NATIONAL MANAGEMENT RESOURCES CORPORATIO P O BOX 1224 LAGRANGE GA 30241 MAINTENANCE AND HOUSEKEEPING SERVICES 1676093 JENZABAR PO BOX 845588 BOSTON MA 02284 ERP SOFTWARE MAINTENANCE AND SUPPORT SER 484875 ENCOURA 75 REMITTANCE DRIVE CHICAGO IL 60675 ENROLLMENT MANAGEMENT SERVICES 410535 SECURITAS SECURITY SERVICES USA INC P O BOX 403412 ATLANTA GA 303843412 SECURITY SERVICES 223594 10 29171 11275501 331198 3216221 1178227 14852091 GROSS TUITION & FEES 611310 21573257 21573257 ROOM AND BOARD 611310 5110032 5110032 OTHER MISC FEES 900099 827411 827411 CAMPUS BOOKSTORE 459210 130126 127523 2603 ATHLETIC TICKET SALES 713990 56286 56286 51337 51337 27748449 1232625 10453 1222172 61736 61736 191885 50570 0 0 191885 50570 242455 242455 7537 29171 7867 -330 -330 INSURANCE PROCEEDS 900099 1080579 1080579 REIMBURSEMENTS 900099 1240 1240 CAMPUS VENDING 900099 786 786 1082605 45219631 27745846 13056 2608638 11415416 11415416 11856605 11856605 536817 208317 246375 82125 8287049 6320288 1653517 313244 102713 81172 17285 4256 1426191 1115322 248137 62732 626233 473786 120701 31746 168265 112037 54428 1800 117900 117900 139507 139507 212550 212550 57507 38106 16733 2668 3789796 3128720 655993 5083 732144 534917 195639 1588 1927034 1560897 365106 1031 2674452 2166307 507029 1116 18969 14351 3656 962 UBI TAX 6207 6207 OPERATIONAL SUPPLIES AN 4314391 2960550 1314143 39698 FOOD SERVICE 1491234 1491234 DUES & SUBS 425518 127752 295352 2414 228150 184802 43348 50554648 44003129 6001056 550463 4933500 5788341 3089202 1821064 7627331 3196915 11446346 30930 219328 215053 333413 273769 152304843 74229945 65568680 78074898 54460095 58743488 1764246 1317246 8323181 5459437 157765322 154921141 2715070 1776468 32481 35627258 35743568 24739 16562 1395000 1395000 614223 462172 40376290 39426251 X 51180228 46265204 66208804 69229686 117389032 115494890 157765322 154921141 -5335017 3440875 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1481259 X X X X 0 54064652 2264709 4670382 2607330 58392413 61084679 1882546 -6297315 2605258 54064652 48401939 1694445 14544904 3556609 61084679 53005237 1620697 -2451622 3772373 48401939 49410407 4573737 1769050 2747957 53005237 0.00350 0.99650 1 0 10816284 10816284 124122865 60868983 63253882 14010686 11869879 2140807 3355008 1491083 1863925 78074898 ADVANCES FROM FEDERAL GOVERNMENT 279332 ANNUITIES PAYABLE 7086 CAPITAL LEASE 175754 462172 X 36672261 3440875 -11856605 -8415730 45087991 139507 -7867 131640 45219631 38566403 7867 7867 38558536 139507 11856605 11996112 50554648 PART III, LINE 4: LAGRANGE COLLEGE BEGAN ESTABLISHING AN ART COLLECTION IN THE 1960S UNDER THE LEADERSHIP OF PRESIDENT WAIGHTS G HENRY. THE COLLEGE LATER BECAME A BENEFICIARY OF A COLLECTION OF LAMAR DODD PAINTINGS AND DRAWINGS, WHO LIVED ACROSS THE STREET FROM MR. FULLER CALLAWAY. DODD ENJOYED A LONG AND DISTINGUISHED ASSOCIATION WITH THE COLLEGE, AND THE COLLEGE'S ART CENTER WAS NAMED IN HIS HONOR. OVER THE YEARS OTHER COLLECTIONS WERE CONTRIBUTED TO THE COLLEGE THROUGH THE CALLAWAY FOUNDATION AND PRIVATE DONORS, MAKING IT A MAJOR PEDAGOGICAL COLLECTION FOR THE BENEFIT OF OUR STUDENTS. IT IS A TREMENDOUS ASSET FOR AN ART PROGRAM ON THE COLLEGE LEVEL TO PRESENT SUCH DIRECT EXPERIENCE OF THE FINEST IN VISUAL EXPRESSION. PART V, LINE 4: IT IS THE ENDOWMENT'S POLICY TO DISTRIBUTE ANNUALLY UP TO 5% OF A FIVE-YEAR AVERAGE OF THE ENDOWMENT'S TOTAL ASSET VALUE AS OF JUNE 30TH, WITH THE INTENT THAT THIS SPENDING RATE PLUS INFLATION WILL NOT EXCEED TOTAL RETURN FROM INVESTMENT OVER LONG PERIODS OF TIME. THE BOARD WILL DETERMINE THE APPROPRIATENESS OF THIS DISTRIBUTION IN CONJUNCTION WITH THE DEVELOPMENT OF LONG-TERM STRATEGIC NEEDS. IN RECOGNITION OF THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA), SPENDING SHALL COMPLY WITH THE EVOLVING "PRUDENT SPENDING" GUIDELINES OF UPMIFA. PART X, LINE 2: THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS REPORTED IN AUDITED FINANCIAL STATEMENTS UNDER FIN 48(ASC 740-10). THE COLLEGE HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE DATED OCTOBER 9, 1968 INDICATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (THE "CODE") AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE BELIEVES IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS SCHOLARSHIPS TO EXPENSE -11,856,605. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -7,867. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 7,867. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS SCHOLARSHIPS AGAINST REVENUE TO EXPENSE 11,856,605. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLISHES ITS NONDISCRIMINATION POLICY IN A LOCAL NEWSPAPER AND IN ALL ADVERTISING PROGRAMS AT THE BEGINNING OF EACH SCHOOL YEAR. SCHEDULE E, PART I, LINE 6 IN FURTHERANCE OF ITS EDUCATIONAL MISSIONS, LAGRANGE COLLEGE RECEIVES FEDERAL FUNDS IN SUPPORT OF ITS UNDERGRADUATE AND GRADUATE STUDENTS. THESE FUNDS INCLUDE PROGRAMS SUCH AS FEDERAL COLLEGE WORK STUDY, FEDERAL STAFFORD LOAN FUNDS, FEDERAL PELL GRANT FUNDS AND OTHERS. LAGRANGE COLLEGE IS A CONDUIT FOR THESE FUNDS ULTIMATELY RECEIVED BY STUDENTS. PANTHER MEMORIAL GOLF TOURNAMENT 21075 16935 4140 2950 1626 GOOD TO GREAT GOLF TOURNAMENT 15633 12236 3397 3291 36708 29171 7537 6241 1626 7867 -330 1 LAGRANGE COLLEGE PROPERTY MANAGEMENT INC 601 BROAD STREET LAGRANGE GA 30240 811388812 501(C)(3) 11415416 0 LOAN FORGIVENESS 1 0 MERIT-BASED AND NEED-BASED 634 11856605 PART I, LINE 2: LAGRANGE COLLEGE AWARDS BOTH MERIT-BASE AND NEED-BASE AID TO ELIGIBLE STUDENTS. MERIT-BASE AID IS AWARDED BASED ON CRITERIA SUCH AS ACADEMIC EXCELLENCE, LEADERSHIP, AND TALENT. NEED-BASE AID IS AWARDED BASED ON DEMONSTRATED FINANCIAL NEED AS DETERMINED BY FAMILY INCOME AND ASSET INFORMATION REPORTED ON THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). CONTINUED ELIGIBILITY IS DETERMINED ANNUALLY BY A REVIEW OF A STUDENT'S COMPLIANCE WITH SATISFACTORY ACADEMIC PROGRESS STANDARDS, GRADE POINT AVERAGE FOR THE CONTINUATION OF MERIT-BASED AID AND SUBMISSION OF A RENEWAL FAFSA IN AWARDING OF NEED-BASE AID. THERE WERE 589 STUDENTS AWARDED INSTITUTIONAL SCHOLARSHIPS AND GRANTS IN 2022-2023. X 1 1 X 0 0 0 0 0 0 0 0 0 SUSANNA BAXTER PRESIDENT 275000 0 0 0 0 0 5500 0 48000 0 328500 0 0 0 PART I, LINE 1A SUSANNA BAXTER, PRESIDENT, IS PROVIDED AN ON-CAMPUS RESIDENCE. A DEVELOPMENT AUTHORITY OF LAGRANGE SERIES 2021 581300205 503152DF4 2021-11-03 36496440 REFINANCING OF 2015 BONDS. 0 0 0 A 36496440 28335457 729929 2058223 1 0 0 0 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 OAKBRIDGE INSURANCE TRUSTEE OWNS BUSINESS CONDUCTING TRANSACTIONS WITH THE COLLEGE 58437 INSURANCE SERVICE 0 X 4 1173674 FMV X SUPPLIES 8 4553 FMV 0 0 1 1 PART I, COLUMN (B): NUMBER OF CONTRIBUTORS. PART I, LINE 32B: LAGRANGE COLLEGE USES A REALTOR TO PROCESS REAL ESTATE CONTRIBUTIONS, AND A BROKER TO PROCESS AND SELL SECURITIES. FORM 990, PART VI, SECTION B, LINE 11B INDEPENDENT ACCOUNTANTS PREPARE FORM 990. MANAGEMENT REVIEWS THE RETURN PRIOR TO FILING. MANAGEMENT DISTRIBUTES A COPY OF FORM 990 TO THE FINANCE COMMITTEE OF THE BOARD. THE FINANCE COMMITTEE CHAIRMAN PRESENTS AND DISCUSSES THE 990 RETURN WITH ALL THE BOARD MEMBERS AT THE SPRING BOARD MEETING PRIOR TO MANAGEMENT FILING. FORM 990, PART VI, SECTION B, LINE 12C INDIVIDUALS MUST DISCLOSE IN WRITING ANY POTENTIAL OR ACTUAL KNOWN CONFLICTS OF INTEREST. DISCLOSURE BY MEMBERS OF THE BOARD OF TRUSTEES (BOARD) AND THE PRESIDENT SHOULD BE MADE TO THE CHAIRMAN OF THE BOARD. DISCLOSURE BY THE BOARD CHAIRMAN SHOULD BE DIRECTED TO THE EXECUTIVE COMMITTEE OF THE BOARD. DISCLOSURE BY ALL OTHER AFFILIATES OF THE COLLEGE SHOULD BE DIRECTED TO THE VICE PRESIDENT FOR FINANCE AND OPERATIONS OR THE PRESIDENT. DISCLOSURE BY THE VICE PRESIDENT FOR FINANCE AND OPERATIONS SHOULD BE DIRECTED TO THE PRESIDENT. IF THE PERSON RECEIVING THE DISCLOSURE PERCEIVES A CONFLICT MAY EXIST, THAT PERSON SHALL CONVENE A COMMITTEE OF PEERS TO INVESTIGATE THE CONFLICT, DECIDE AS TO WHETHER A CONFLICT EXISTS AND OFFER A DECISION AS TO WHETHER CONTINUING IN THE ARRANGEMENT IS IN THE COLLEGE'S BEST INTEREST. FORM 990, PART VI, SECTION B, LINE 15 LAGRANGE COLLEGE'S BOARD OF TRUSTEES DESIGNATED THE EXECUTIVE COMMITTEE TO BE RESPONSIBLE FOR ESTABLISHING COMPENSATION PRACTICES WHICH ARE REASONABLE AND DO NOT VIOLATE THE PRIVATE INUREMENT PROHIBITION. THE PRACTICES AND PROCESSES ARE DESIGNED TO AVOID ANY CLAIM FOR INTERMEDIATE SANCTIONS AND TO SATISFY THE REQUIREMENTS TO OBTAIN THE REBUTTABLE PRESUMPTION. LAGRANGE COLLEGE HAS A FULL-TIME HUMAN RESOURCES DIRECTOR AND USES COMPARABLE DATA FROM SOURCES LIKE THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA) FOR BENCHMARKING EXERCISES IN SETTING MEDIAN SALARY RANGES. FORM 990, PART VI, SECTION C, LINE 19 LAGRANGE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, OR ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES TO THE OVERSIGHT OR SELECTION PROCESS OF AUDITORS AND FINANCIAL STATEMENT OVERSIGHT. LAGRANGE PROPERTY MANAGEMENT INC 601 BROAD STREET LAGRANGE GA 30240 811388812 PROPERTY MANAGEMENT GA 501(C)(3) LINE 12A, I LAGRANGE COLLEGE 1 DOBBS TRUST 100 N MAIN ST 13TH FLOOR WINSTON SALEM NC 27150 586026549 CHARITABLE TRUST NC LAGRANGE COLLEGE T 3692 1768089 1.00000 1 WILSON TRUST 1111 BAY AVE 4TH FLOOR COLUMBUS GA 31901 586236269 CHARITABLE TRUST GA LAGRANGE COLLEGE T 3431 319245 0.90000 1 CORN ART TRUST 1111 BAY AVE 4TH FLOOR COLUMBUS GA 31901 586156992 CHARITABLE TRUST GA LAGRANGE COLLEGE T 5730 141409 1.00000 1 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 LAGRANGE PROPERTY MANAGEMENT INC K 101000 LEASE EXPENSE LAGRANGE PROPERTY MANAGEMENT INC C 11275501 CASH LAGRANGE PROPERTY MANAGEMENT INC B 11415416 LOAN FORGIVEN