2011-12-05T13:34:40-00:00 2011-06-30 The Wesley Peachtree Group CPAs 1100 West Peachtree Street Atlanta GA 30309 990 2010-07-01 620475690 LeMoyne-Owen College LEMO 9014351000 807 Walker Avenue Memphis TN 38126 Jim Dugger 2011-11-15 true Keith X Terrell 4048740555 2011-11-15 2010 2016-02-24 21:20:13Z Jim Dugger 807 Walker Ave Memphis TN 38126 17974342 false X http://www.loc.edu X 1934 TN Provide a transformative experience educating students for urban-focused leadership, scholarship, service, and professional careers. Provide a transformative experience educating students for urban-focused leadership, scholarship, service, and professional careers. 22 21 287 29 0 8129645 4488551 10275510 12615299 40764 12217 261569 858275 18707488 17974342 2706272 1109725 0 570896 545912 0 878474 14367899 14980651 17645067 16636288 1062421 1338054 27655276 29442110 10537029 9646313 17118247 19795797 The College is a liberal arts institution committed to fostering academic excellence and to provide high educational opportunities for a diverse population with disparate levels of academic preparations. false false 10328981 1109725 10814951 The College is a liberal arts institution committed to fostering academic excellence and to providing high quality educational opportunities for a diverse population with disparate levels of academic preparations. 1194257 1800348 Auxiliary enterprises support the colleges mission of providing quality educational opportunities. These services include but are not limited to food service, campus housing, campus post office, vending, campus store and athletics. 11523238 true true false false false false false false true true false false false true true true false true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 1493 0 287 true false false false false false false false false false false false false false false false false X 22 21 false false false false false false false true true false false true true true true true true true true false TN X X Jim Dugger 9014351680 807 Walker Avenue Memphis TN 38126 Mr Robert Lipscomb 001.00 X X 0 0 0 Dr Thomas E Dipko 001.00 X X 0 0 0 Mr Robert Simpson 001.00 X X 0 0 0 Rev John L Armstrong 001.00 X X 0 0 0 Mr Marvin C Banyon 001.00 X 0 0 0 Mr Otha Brandon 001.00 X 0 0 0 Mr James E Castillo Jr 001.00 X 0 0 0 Mr Howard Eddings Jr 001.00 X 0 0 0 Dr Thomas Leonard Gibson 001.00 X 0 0 0 Ms Emily Greer 001.00 X 0 0 0 Mr Mark D Hendricks 001.00 X 0 0 0 Mrs Fredricka Allen Hodges 001.00 X 0 0 0 Mr Mickell Lowery 001.00 X 0 0 0 Atty Daphene R McFerren 001.00 X 0 0 0 Rev Marvin Mercer 001.00 X 0 0 0 Mr John W Moore 001.00 X 0 0 0 Mr Allen W Pierce Sr 001.00 X 0 0 0 Dr Bennie P Reams 001.00 X 0 0 0 Dr Kenneth S Robinson 001.00 X 0 0 0 Mr Charlie E Thomas III 001.00 X 0 0 0 Mr Luke Yancy III 001.00 X 0 0 0 Mr Johnnie B Watson 040.00 X X 125216 0 11115 Dr Barbara S Frankle 040.00 X 72765 0 4320 Mr Jim Dugger 040.00 X 87046 0 9485 Ms Edythe D Cobb 040.00 X 48827 0 1500 Mr Jessie Chatman 040.00 X 51090 0 0 Mr Roger R Brown 040.00 X 49393 0 1896 Ms Shirley Hill 040.00 X 18584 0 0 Dr Cheryl Golden 040.00 X 54098 0 1437 Mr Clayborne Foster 040.00 X 38893 0 1604 545912 31357 1 false false false ABL Management Inc Dept 952644 Atlanta GA 31192 Food Service Vendor 493873 Air-One Services 5055 Pleasant View Memphis TN 38134 Heating Air Conditioning Service 142789 CDA Incorporation 203 Beale Street Suite 305 Memphis TN 38103 Security Services 416175 Honeywell Inc P O Box 92091 Chicago IL 60675 Building Maintenance 126215 ISS Facility Service - Memphis P O Box 2456 San Antonio TX 78298 Housing-Keeping Services 290400 5 4488551 4488551 Tuition fees 611600 10814951 10814951 Sales and services of auxiliary enterprises 611710 1800348 1800348 12615299 12217 12217 Income from endowment 900099 592676 592676 Other income 900099 265599 265599 858275 17974342 13485791 0 1109725 1109725 0 0 545912 545912 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Instruction 4262610 4262610 Public Service 26055 26055 Academic Support 1160149 262717 897432 Student Services 3395422 3395422 Auxiliary Enterprises 1194257 1194257 4942158 1272452 2791232 878474 16636288 11523238 4234576 878474 2495506 3545395 757749 1225450 2423555 1321017 176322 714825 178971 174795 65916 25847417 16759340 8973198 9088077 12654151 13302459 27655276 29442110 1550570 1416561 1012000 945000 7790018 7133568 184441 151184 10537029 9646313 X 3449369 7941269 3510207 1668081 10158671 10186447 17118247 19795797 27655276 29442110 1338054 1339496 X false true true X true true X 0.00000 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 10970878 1339496 1339496 784431 10186447 10970878 818624 818624 10970878 10908343 62535 10970878 1.00000 true false 1227019 1227019 13570696 9237703 4332993 11049702 7521637 3528065 9088077 Capital lease obligations 151184 151184 17974342 16636288 1338054 1339496 1339496 2677550 19313838 1339496 1339496 17974342 17974342 16636288 16636288 16636288 V 4 The Endowment funds shown are considered Permanently Restricted. The College does not intend to use the funds X 2 The Colleges policy is to record a liability for any tax position taken that is benefical to the College, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of June 30, 2011 and 2010, accordingly, no liability has been accrued. true true true true true true true false false false false false false false false true false Part I 6a The College offers scholarships and student financial aid to assist with meeting the students financial obligations. The Financial Aid Office has the necessary policies to ensure that the College adheres to and complies with federal regulations regarding eligibility for student financial aid. Requirements for receiving scholarships depend on other factors such as grade point average, family income, or athletic talents. Part I 6b The College has adequate staff in its programs with eligibility guidelines to ensure compliance. The College also undergoes the required OMB Circular A-133 audit. true Privately Funded Student Scholarships 1109725 III 1 All scholarships are awarded based upon specific criteria maintained by the financial aid office. Requirements for receiving scholarships depends on other factors such as grade point average, family income or economic need. The Colleges financial aid staff monitors guidelines to ensure compliance. The College also undergoes the required OMB A-133 audit annually. true true X X false false false false false false false false false Form 990 Part VI 12c Trustees are required to disclose at the next convening Board of Trustees meeting any conflict of interest. Board members with a conflcit of interest with a matter for vote must abstain from voting. The Colleges audit committee is responsible for ensuring adherence to the policy. Form 990 Part VI 15a The Board of Trustees, based on predetermined areas of performance evaluates the work of the President annually. The Boards Evaluation and Compensation Committee evalutes the performance. When additional compensation is deemed appropriate, a review of salaries at peer institutions is conducted to assist in arriving at a recommendation to the Executive Committee for approval. Form 990 Part VI 15b Compensation for top officers of the College is at the discretion of the President. This discretion is based on 1 previous salary history and 2 market data from the CUPA Survey published in the Chronicle of Higher Education. Form 990 Part VI 11a The College presents the Form 990 to its finance/ audit committee for review upon completion. Form 990 Part VI 19 The College makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. To obtain copies, contact the business office and submit a request identifying the specific documents. Form 990 Part VI Section B Line 12c Trustees are required to disclose at the next convening Board of Trustees meeting any conflict of interest. Board members with a conflcit of interest with a matter for vote must abstain from voting. The Colleges audit committee is responsible for ensuring adherence to the policy. Form 990 Part VI Section B Line 15a The Board of Trustees, based on predetermined areas of performance evaluates the work of the President annually. The Boards Evaluation and Compensation Committee evalutes the performance. When additional compensation is deemed appropriate, a review of salaries at peer institutions is conducted to assist in arriving at a recommendation to the Executive Committee for approval. Form 990 Part VI Section B Line 15b Compensation for top officers of the College is at the discretion of the President. This discretion is based on 1 previous salary history and 2 market data from the CUPA Survey published in the Chronicle of Higher Education. Form 990 Part VI Section B Line 11a The College presents the Form 990 to its finance/ audit committee for review upon completion. Form 990 Part VI Line 19 The College makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. To obtain copies, contact the business office and submit a request identifying the specific documents.