Form 990 for the fiscal year ending May 2024 (IRS tax year 2023).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
| FY2021 | $502.8M |
|---|---|
| FY2022 | $484.1M |
| FY2023 | $455.1M |
| FY2024 | $460.2M |
| FY2025 | $474.9M |
| FY2021 | $281.3M |
|---|---|
| FY2022 | $269.5M |
| FY2023 | $251.8M |
| FY2024 | $246.7M |
| FY2025 | $239.2M |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 85% | — | — |
| Overhead ratio | 14% | — | — |
| Fundraising cost ratio | 16% | — | — |
| Revenue growth | 6% | — | — |
| Investment management fee ratio | 0.09% | — | — |
| Legal fee ratio | 0.04% | — | — |
| Accounting fee ratio | 0.07% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Officers, Directors & Key Employees
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Candice McQueen | $684,752 | $569,195 | $680,508 | $179,644 | — |
| Randy R Lowry III | — | — | $410,728 | $591,213 | $538,233 |
| Charles Acuff | $365,213 | $362,278 | $339,006 | $320,904 | $298,961 |
| Danny Taylor | — | — | — | — | $364,723 |
| David Wilson | — | $352,151 | $164,401 | — | — |
| Brad Schultz | $315,605 | $317,871 | $279,291 | $192,448 | — |
| Keith Hinkle | $285,773 | $240,053 | $99,119 | — | — |
| John R Lowry | — | — | — | $279,895 | $220,174 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Governance & Policies
Mission and programs
Provides a comprehensive Christian higher education that integrates academic excellence, liberal arts, and professional preparation to develop students spiritually, intellectually, socially, and physically.
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Where the work happens
Instructional Expenses
Classroom and online and global instruction in a collaborative christian liberal arts learning environment from pre-kindergarten through the doctoral level and beyond with lifelong learning.
Student Services
Engaging student life in a dynamic and diverse community that gives students the opportunity to be real with themselves and each other while providing opportunities for spiritual faith development through service and learning.
Auxiliary Enterprises
Provides students with the engaging on-campus lipscomb experience. Students who live on campus typically experience a strong sense of positive community.
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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2025 Latest | $272.1M | $254.9M | +12% | 990 PDF |
| FY2024 Viewing | $242.5M | $243.7M | +6% | 990 PDF |
| FY2023 | $228.2M | $235.6M | +0.3% | 990 PDF |
| FY2022 | $227.5M | $228.0M | +5% | 990 PDF |
| FY2021 | $216.3M | $206.3M | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
Names, privacy, and removal requests More
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