NonprofitsLees-Mcrae College Incorporated

Education

Lees-Mcrae College Incorporated

BANNER ELK, NC

Total revenue

$36.3M

Total expenses

$37.7M

Net assets

$72.4M

Grants received

$18.6M

221 grants

EIN

560529953

Tax year

2023

Mission

Lees-mcrae college educates and inspires students to approach life and work from a creative, collaborative, and critical perspective in preparation for diverse careers and environments

Programs

2 programs

Education, general / other: auxiliary services including food service and residential facilities for students attending lees-mcrae college (654 students).

Expenses: $4.9M

Education, general / other: summer programs, camps and theatre to support educational mission.

Expenses: $283K

Financials

FY 2023

Revenue

Contributions & grants$3.7M
Program service revenue$30.9M
Investment income$1.5M
Other revenue$229K
Total revenue$36.3M

Expenses

Grants paid$11.7M
Salaries & benefits$14.2M
Fundraising$355K
Other expenses$11.9M
Total expenses$37.7M
Total assets$123.2M
Net assets$72.4M

People

30 listed

NameRoleCompensation

HERBERT KING JR

PRESIDENT

Board

$266K

50 hrs/wk

BLAINE HANSEN

EVP OF STRATEGIC OPERATION, GOVERNANCE, & PLANNING

Board

$166K

50 hrs/wk

PAMELA VESELY

VP OF ACADEMIC AFFAIRS AND DEAN OF FACULTY

Board

$100K

50 hrs/wk

WILLIAM DURHAM

VP OF BUSINESS AFFAIRS

Board

$39K

50 hrs/wk

HAROLD KAPLAN

BOARD TRUSTEE

Board

0.1 hrs/wk

JIM MCDANIEL

BOARD TRUSTEE

Board

0.1 hrs/wk

JULIA MCCOMBS

BOARD TRUSTEE

Board

0.1 hrs/wk

KEN HAIGLER

BOARD TRUSTEE

Board

0.1 hrs/wk

KIM BRASWELL-MCPHAIL

BOARD TRUSTEE

Board

0.1 hrs/wk

MORGAN HERDKLOTZ

BOARD TRUSTEE

Board

0.1 hrs/wk

MURIEL BETH HOPKINS

BOARD TRUSTEE

Board

0.1 hrs/wk

GARY T MOSS JR

BOARD VICE CHAIR

Board

0.1 hrs/wk

NEIL RAMO

BOARD TRUSTEE

Board

0.1 hrs/wk

RUTH STEPHENSON

BOARD TRUSTEE

Board

0.1 hrs/wk

SONNY EDMONDSON

BOARD TRUSTEE

Board

0.1 hrs/wk

TODD PORTER

BOARD TRUSTEE

Board

0.1 hrs/wk

W MCNAIR TORNOW

BOARD TRUSTEE

Board

0.1 hrs/wk

LENOARD WHEELER

BOARD TRUSTEE

Board

0.1 hrs/wk

NANCY HOYT

BOARD TRUSTEE

Board

0.1 hrs/wk

PARKER GRUBBS

BOARD CHAIR

Board

0.1 hrs/wk

BARBARA KOPCZYNSKI

BOARD TRUSTEE

Board

0.1 hrs/wk

BARRY BLAKE

BOARD TRUSTEE

Board

0.1 hrs/wk

BOB MOSS

BOARD TRUSTEE

Board

0.1 hrs/wk

BONNIE HUFF

BOARD TRUSTEE

Board

0.1 hrs/wk

DIANNE MAY

BOARD TRUSTEE

Board

0.1 hrs/wk

FRED RUSSELL

BOARD TRUSTEE

Board

0.1 hrs/wk

KEVIN PHILLIPS

SVP OF ENROLLMENT MANAGEMENT

Staff

$195K

50 hrs/wk

ALYSON GILL

FORMER PROVOST AND DEAN OF FACULT

Staff

$175K

50 hrs/wk

SUSAN BOYETTE

VP OF ADVANCEMENT

Staff

$173K

50 hrs/wk

JASON JONES

VP OF STUDENT AFFAIRS

Staff

$122K

50 hrs/wk

Independent contractors

FRANK L BLUM CONSTRUCTION

CONSTRUCTION AND SERVICE COMPANY

$9.6M

CHILDREN'S HOPE ALLIANCE

CHILD ADVOCACY AND WELFARE ORGANIZATION

$6M

GENUINE FOOD LAB LLC

FOOD SERVICE

$2.6M

ARAMARK DALLAS LOCKBOX

FOOD SERVICE

$1.2M

BARNES & NOBLE COLLEGE BO

BOOK STORE

$563K

Grants received

Showing 200 of 221

FromAmountPurposeYear
$6.9M
CHARITABLE GIFT
2024
$410K
HURRICANE HELENE DISASTER RELIEF; MAINTENANCE
2024
$235K
For general scholarship support.
2024
$50K
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2024
$40K
RENOVATION AND CRITICAL MAINTENANCE PRIORITY
2024
$38K
6 grant(s) for varying purposes
2024
$35K
SCHOLARSHIP FUNDING
2024
$34K
UNRESTRICTED GENERAL
2024
$11K
GENERAL SUPPORT
2024
$11K
Summer Program
2024
$10K
UNDERGRADUATE FOUR YEAR COLLEGE SERVING THE HIGH COUNTRY OF NORTH CAROLINA.
2024
$10K
GENERAL SUPPORT
2024
$8K
ANNUAL DISTRIBUTION
2024
$6K
SCHOLARSHIP
2024
$5K
UNRESTRICTED GENERAL SUPPORT
2024
$5K
ANNUAL SCHOLARHSIP AWARDS
2024
$1K
CHARITABLE CONTRIBUTION
2024
$2.3M
CHARITABLE GIFT
2023
$235K
For general scholarship support.
2023
$200K
HISTORIC COMMONS RENOVATION PROJECT
2023
$105K
Operational Support
2023
$78K
HISTORIC COMMONS RENOVATIOON PROJECT
2023
$65K
PROVIDE SCHOLARSHIP FUNDS
2023
$53K
For grant recipient's exempt purposes
2023
$50K
EDUCATIONAL SUPPORT
2023
$38K
2 grant(s) for varying purposes
2023
$34K
UNRESTRICTED GENERAL
2023
$25K
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2023
$23K
CHARITABLE ACTIVITIES
2023
$20K
UNDERGRADUATE FOUR YEAR COLLEGE SERVING THE HIGH COUNTRY OF NORTH CAROLINA
2023
$18K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$15K
UNRESTRICTED GENERAL SUPPORT
2023
$11K
Three week residential program to empower women and help them break out of the cycle ofpoverty, abuse and/or addiction
2023
$10K
SUMMER THEATER
2023
$10K
GENERAL CHARITABLE
2023
$9K
GENERAL SUPPORT
2023
$7K
SCHOLARSHIP FUNDING
2023
$6K
ANNUAL SCHOLARSHIP AWARDS
2023
$5K
GENERAL OPERATING
2023
$5K
CHARITABLE CONTRIBUTION
2023
$5K
GENERAL SUPPORT
2023
$3K
THE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS
2023
$1K
GENERAL SUPPORT
2023
$1K
TO SUPPORT THE MISSION OF THE ORGANIZATION
2023
$975K
CHARITABLE GIFT
2022
$300K
UPFIT TO ACQUIRED GRANDFATHER HOME CAMPUS
2022
$225K
For general scholarship support.
2022
$100K
Grant toward High Country Home Scholarship.
2022
$100K
Grant toward High Country Home Scholarship (2023-24).
2022
$100K
THE PINNACLE ROOM (DINING FACILITY) REOVATION
2022
$100K
EDUCATIONAL SUPPORT
2022
$100K
Grant toward High Country Home Scholarship.
2022
$100K
Grant toward High Country Home Scholarship (2023-24).
2022
$76K
Educational -Scholarship & General Fund
2022
$55K
For grant recipient's exempt purposes
2022
$50K
OPERATIONAL SUPPORT
2022
$39K
UNRESTRICTED GENERAL
2022
$39K
2 GRANT(S) FOR VARYING PURPOSES
2022
$29K
PROVIDE SCHOLARSHIP FUNDS
2022
$25K
Educational Fund
2022
$25K
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2022
$22K
CHARITABLE ACTIVITIES
2022
$18K
BUILDING COMMUNITY & ECONOMIC VITALITY
2022
$10K
UNRESTRICTED GENERAL SUPPORT
2022
$10K
GENERAL OPERATING EXPENSES
2022
$10K
Summer Program
2022
$10K
GENERAL CHARITABLE
2022
$10K
UNDERGRADUATE FOUR YEAR COLLEGE SERVING THE HIGH COUNTRY OF NORTH CAROLINA
2022
$8K
GENERAL SUPPORT
2022
$8K
ANNUAL SCHOLARSHIP AWARDS
2022
$8K
UNRESTRICTED GENERAL
2022
$8K
GENERAL SUPPORT
2022
$5K
GENERAL SUPPORT
2022
$5K
General & Unrestricted
2022
$5K
CHARITABLE CONTRIBUTION
2022
$5K
GENERAL SUPPORT
2022
$2K
To support the building operating fund
2022
$1K
GENERAL PURPOSE
2022
$1K
GENERAL SUPPORT
2022
$50
GENERAL EXEMPT PURPOSE
2022
$201K
INFRASTRUCTURE ENHANCEMENTS
2021
$200K
INFRASTRUCTURE ENHANCEMENTS
2021
$195K
For general scholarship support.
2021
$169K
For grant recipient's exempt purposes
2021
$169K
For grant recipient's exempt purposes
2021
$52K
CHARITABLE ACTIVITIES
2021
$50K
General & Unrestricted
2021
$36K
UNRESTRICTED GENERAL
2021
$34K
PROVIDE SCHOLARSHIP FUNDS
2021
$30K
UNRESTRICTED GENERAL
2021
$16K
Scholarships/Grants
2021
$15K
To support the building operating fund
2021
$10K
UNDERGRADUATE FOUR YEAR COLLEGE SERVING THE HIGH COUNTRY OF NORTH CAROLINA
2021
$10K
GENERAL CHARITABLE
2021
$10K
GENERAL CHARITABLE
2021
$7K
ANNUAL SCHOLARSHIP AWARDS
2021
$5K
CHARITABLE CONTRIBUTION
2021
$5K
STAFF DISCRETIONARY - GENERAL PURPOSES
2021
$5K
TRUSTEE DISCRETIONARY - UNRESTRICTED
2021
$5K
GENERAL SUPPORT
2021
$5K
Tennis Facility Renovation
2021
$3K
THE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS
2021
$2K
GENERAL PURPOSE
2021
$1K
TO SUPPORT THE MISSION OF THE ORGANIZATION
2021
$1K
Philip and Julia Myers Endowed Scholarship fund
2021
$500
SUPPORT THE ARTS
2021
$500
UNRESTRICTED
2021
$551K
CHARITABLE ACTIVITIES
2020
$350K
SECOND LEVEL INFRASTRUCTURE
2020
$195K
For general scholarship support.
2020
$138K
4 GRANT(S) FOR VARYING PURPOSES
2020
$131K
Educational -Scholarship & General Fund
2020
$100K
3/5 installment to support the High Country Home Scholarship Fund and purpose of providing a ministry of education and service to diverse populations.
2020
$50K
General & Unrestricted
2020
$32K
UNRESTRICTED GENERAL
2020
$22K
PROVIDE SCHOLARSHIP FUNDS
2020
$20K
For grant recipient's exempt purposes
2020
$11K
OPERATIONAL GRANT
2020
$10K
CHARITABLE GIFT
2020
$10K
UNDERGRADUATE FOUR YEAR COLLEGE SERVING THE HIGH COUNTRY OF NORTH CAROLINA
2020
$10K
GENERAL FUND
2020
$7K
ANNUAL SCHOLARSHIP AWARDS
2020
$5K
GENERAL SUPPORT
2020
$5K
CHARITABLE CONTRIBUTION
2020
$5K
To support the building operating fund
2020
$2K
PROVIDE SCHOLARSHIPS FOR
2020
$2K
GENERAL PURPOSE
2020
$2K
GENERAL FUND
2020
$1K
TO SUPPORT THE MISSION OF THE ORGANIZATION
2020
$1K
GENERAL - OPERATING
2020
$1K
EMPLOYEE MATCHING GIFTS
2020
$1K
UNRESTRICTED
2020
$1K
Continue Program Funding
2020
$900
SCHOLARSHIP GENERAL FUND
2020
$500
GENERAL FUND
2020
$500
GENERAL EXEMPT PURPOSE
2020
$125
EMPLOYEE MATCHING GRANT
2020
$842K
FURTHER THE ORGANIZATION'S TAX EXMEPT PURPOSE
2019
$50K
General & Unrestricted
2019
$26K
For grant recipient's exempt purposes
2019
$10K
Scholarships/Grants
2019
$6K
Education
2019
$6K
ANNUAL SCHOLARSHIP AWARDS
2019
$5K
GENERAL OPERATING
2019
$5K
FOR SUPPORT OF THE OPERATIONS OF LEES-MCRAE COLLEGE
2019
$1K
SUPPORT MISSION OF ORGANIZATION
2019
$500
Matching Grant
2019
$60K
BOOKSTORE RENOVATION
2018
$50K
General & Unrestricted
2018
$25K
For grant recipient's exempt purposes
2018

Funded by

$18.6M from 88 funders · 221 grants · 2017–2024

Foundation For The Carolinas

$10.3M · 4 grants · 2020–2024

Charles A Cannon Trust No 1

$1.8M · 9 grants · 2020–2024

Lettie Pate Whitehead Foundation Inc

$1.1M · 5 grants · 2020–2024

The Lauritsen Family Foundation

$902K · 2 grants · 2018–2019

Edwin And Jeanette May Foundation

$648K · 4 grants · 2020–2023

Fidelity Investments Charitable Gift Fund

$542K · 8 grants · 2017–2023

The Robert and Janice McNair Foundation

$500K · 5 grants · 2020–2022

The Winston-Salem Foundation

$251K · 4 grants · 2020–2024

Details

EIN560529953
NTEE codeB420
Subsection03
Ruling date1959-02
Formed1900
Employees538
Volunteers10
LEES-MCRAE COLLEGE INCORPORATED — Mission, Financials & Grants Received | Grantivo