Lyon College offers a liberal arts education of superior quality in a personalized setting. A selective, independent, undergraduate, residential teaching and learning community affiliated with the presbyterian church (USA). Lyon encourages the free intellectual inquiry essential to social, ethical and spiritual growth. With a rich scholarly and religious heritage, Lyon develops, in a culture of honor, responsible citizens and leaders committed to continued personal growth and service.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $2.3M a year · 5% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $58.8M in investments, Pt X · Ln 11–13
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $288K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$42.1M
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34.0M
-0.9% vs prior year
Spent
$37.6M
To programs
82%
Net assets
$72.4M
By yearFY2020–FY2025
Revenue
$34.0M
FY2022▼ -0.9%
Tap a bar for its year
Revenue by fiscal year
FY2020$86.1M
FY2021$34.3M
FY2022$34.0M
FY2023$26.4M
FY2024$34.3M
FY2025$52.5M
Expenses
$37.6M
FY2022▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$38.7M
FY2021$38.1M
FY2022$37.6M
FY2023$41.9M
FY2024$62.2M
FY2025$62.6M
Net assets
$72.4M
FY2022▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$86.0M
FY2021$92.6M
FY2022$72.4M
FY2023$58.6M
FY2024$24.9M
FY2025$14.7M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $30.9M Management & general 13% · $5.0M Fundraising 4% · $1.7M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President Through 08/27/21
$350,277Pt VII · Sec A
Interim Pres 9/1/21, President 2/18/22-Present
$148,320Pt VII · Sec A
Vice President for Business
$144,838Pt VII · Sec A
Executive Vice President &
$116,898Pt VII · Sec A
Vice President for Advance
$115,636Pt VII · Sec A
Vice President for Student Life
$104,507Pt VII · Sec A
$102,358Pt VII · Sec A
$0Pt VII · Sec A

Burke Soffe’s $431K as Dean of Dental Medicine School is at the 83rd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Burke Soffe$431,321$227,450————
Eleanor Green$409,538—————
William King———$350,277$227,916$222,194
Melissa Taverner$339,073$238,948$228,297$148,320$140,143$135,806
Marshall Butler$207,000—————
Joseph D Botana II—$140,521$155,136$144,838$120,986—
Anthony K Grafton$154,084$127,127$127,127$102,358——
Ashley Mounts$146,893—————

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides a personalized, high-quality liberal arts education fostering intellectual inquiry and responsible citizenship.

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Provided by the organization

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3 programs · $30.9M · in their own filed words · FY2021
01

Instruction & Other Academic Programs and Academic Support

Undergraduate and non-credit classes are provided.

$15.5Mprogram expense
02

Student Aid and Student Loans

Scholarships, work study programs, and loans are made available to enable students to continue their educations.

$10.8Mprogram expense
03

Student Services & Auxilary Enterprises

Housing, food services, and bookstore activities are provided as a service to those on campus to enhance campus life.

$4.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 9 grants · $71.7M · 2019–2024
Unitemized GrantFY2024$13,483,199
Unitemized GrantFY2023$11,778,948
Unitemized GrantFY2022$9,341,633
Unitemized GrantFY2021$10,458,959
Unitemized GrantFY2021$319,023
Unitemized GrantFY2020$12,881,620
Unitemized GrantFY2020$1,033,731
Unitemized GrantFY2019$12,119,506
Unitemized GrantFY2019$290,735

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$34.0M
Ln 12
Fees for servicesLn 2g$20.4M
Gifts and grantsLn 1h$8.1M
Investment incomeLn 3$5.3M
Money outPt IX
$37.6M
Ln 25
Programscol B$30.9M
Managementcol C$5.0M
Fundraisingcol D$1.7M
Owns and owesPt X
$72.4M
net assets · Ln 32
Cash and savingsLn 1–2$18.9M
Total assetsLn 16$114.5M
LiabilitiesLn 26$42.1M
PeoplePt VI, VII
21
listed · VII A
PaidVII A7
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.1M
Government grantsLn 1e$6.3M
Noncash giftsLn 1g$137K
Fees for servicesLn 2g$20.4M
Investment incomeLn 3$5.3M
Other incomeLn 4–11$173K
Gains on assetsLn 7$3.7M
Total revenueLn 12$34.0M
Assets in detailPt X, end of year
CashLn 1$1.9M
SavingsLn 2$17.0M
Cash and savings togetherLn 1–2$18.9M
InvestmentsLn 11–13$58.8M
Land, buildings, equipmentLn 10c$33.0M
Other assetsLn 15$40K
Total assetsLn 16$114.5M
LiabilitiesLn 26$42.1M
Net assetsLn 32$72.4M
OperationsPt I, VI
EmployeesI 5580
VolunteersI 675
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$6.9M$18.9M
InvestmentsLn 11–13$90.0M$58.8M
Land, buildings, equipmentLn 10c$33.9M$33.0M
Total assetsLn 16$134.4M$114.5M
LiabilitiesLn 26$41.7M$42.1M
Net assetsLn 32$92.6M$72.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$10.8M$10.8M
Pay of current officers, directors and key staffLn 5$627K$251K$220K$157K
Other salaries and wagesLn 7$9.1M$7.1M$1.0M$1.0M
Other employee benefitsLn 9$1.8M$1.4M$301K$143K
Management feesLn 11a$461K$461K
Legal feesLn 11b$35K$35K
Accounting feesLn 11c$122K$122K
Other fees for servicesLn 11g$579K$161K$418K
Advertising and promotionLn 12$591K$444K$26K$121K
Office expensesLn 13$1.2M$691K$315K$179K
Information technologyLn 14$411K$34K$377K
OccupancyLn 16$652K$632K$20K
TravelLn 17$924K$833K$62K$30K
InterestLn 20$936K$719K$217K
Depreciation, depletion and amortizationLn 22$2.0M$1.8M$164K
InsuranceLn 23$481K$465K$16K
Other expenses (24a–d)Ln 24$6.9M$5.7M$1.2M$41K
Total functional expensesLn 25$37.6M$30.9M$5.0M$1.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $52.5M$62.6M−$10.1M$14.7M 990 PDF
FY2024 $34.3M$62.2M−$27.8M$24.9M 990 PDF
FY2023 $26.4M$41.9M−$15.6M$58.6M 990 PDF
FY2022 Viewing $34.0M$37.6M−$3.6M$72.4M 990 PDF
FY2021 $34.3M$38.1M−$3.9M$92.6M 990 PDF
FY2020 $86.1M$38.7M$47.4M$86.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $33,951,461 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,575,256$8,132,115
I-9 Program service revenuePrior year $20,389,687$20,367,513
I-10 Investment incomePrior year $8,158,621$5,278,635
I-11 Other revenuePrior year $152,335$173,198
I-12 Total revenuePrior year $34,275,899$33,951,461
I-13 Grants and similar amounts paidPrior year $13,915,351$10,777,982
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,946,245$11,513,795
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,270,099$15,289,183
I-18 Total expensesPrior year $38,131,695$37,580,960
I-19 Revenue less expensesPrior year −$3,855,796−$3,629,499
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $33,951,461 across 10 lines filed
Lines not itemized here account for $51,471 of total revenue; see the IRS return.
VIII-1e Government grants$6,253,069
VIII-1f All other contributions, gifts and grants$1,879,046
VIII-1g Noncash contributions (included above)$136,638
VIII-1h Total contributions, gifts and grants$8,132,115
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,367,513$20,367,513
VIII-3 Investment incomeExcluded from tax $1,564,633$1,564,633
VIII-6 Net rental income or lossExcluded from tax −$84,772−$84,772
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,714,002$3,714,002
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $206,499$206,499
VIII-12 Total revenueRelated to mission $20,574,012 · Unrelated business $0 · Excluded from tax $5,245,334$33,951,461
Part IX · Statement of functional expenses $37,580,960 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $10,777,982$10,777,982
IX-5 Pay of current officers, directors and key staffPrograms $250,942 · Management $219,574 · Fundraising $156,838$627,354
IX-7 Other salaries and wagesPrograms $7,050,721 · Management $1,026,304 · Fundraising $1,013,344$9,090,369
IX-9 Other employee benefitsPrograms $1,352,540 · Management $300,534 · Fundraising $142,998$1,796,072
IX-11a Management feesManagement $461,482$461,482
IX-11b Legal feesManagement $34,757$34,757
IX-11c Accounting feesManagement $122,231$122,231
IX-11g Other fees for servicesPrograms $161,463 · Management $417,971$579,434
IX-12 Advertising and promotionPrograms $443,772 · Management $26,199 · Fundraising $121,412$591,383
IX-13 Office expensesPrograms $691,079 · Management $315,148 · Fundraising $178,646$1,184,873
IX-14 Information technologyPrograms $33,822 · Management $377,217$411,039
IX-16 OccupancyPrograms $631,642 · Management $19,869$651,511
IX-17 TravelPrograms $832,792 · Management $61,622 · Fundraising $29,914$924,328
IX-20 InterestPrograms $719,470 · Management $216,919$936,389
IX-22 Depreciation, depletion and amortizationPrograms $1,806,947 · Management $163,766$1,970,713
IX-23 InsurancePrograms $465,133 · Management $16,321$481,454
IX-24 Other expenses (24a–d)Programs $5,711,859 · Management $1,187,087 · Fundraising $40,643$6,939,589
IX-25 Total functional expensesPrograms $30,930,164 · Management $4,967,001 · Fundraising $1,683,795$37,580,960
Part X · Balance sheet $114,547,057 assets, 20 lines filed
Asset lines not itemized here account for $8,248; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,380,715$1,920,588
X-2 Savings and temporary cash investmentsStart of year $3,536,269$17,019,861
X-3 Pledges and grants receivableStart of year $1,535,844$2,053,690
X-4 Accounts receivableStart of year $761,679$442,911
X-8 Inventories for sale or useStart of year $115,085$137,572
X-9 Prepaid expenses and deferred chargesStart of year $720,104$1,119,431
X-10c Land, buildings and equipment, netStart of year $33,878,395$33,023,385
X-11 Publicly traded securitiesStart of year $82,157,536$52,331,965
X-12 Other securitiesStart of year $7,886,237$6,448,935
X-15 Other assetsStart of year $14,077$40,471
X-16 Total assetsStart of year $134,360,694$114,547,057
X-17 Accounts payable and accrued expensesStart of year $2,242,143$1,740,966
X-20 Tax-exempt bond liabilitiesStart of year $9,139,082$8,870,545
X-24 Unsecured notes and loans payableStart of year $4,386,220$0
X-25 Other liabilitiesStart of year $2,303,404$2,318,106
X-26 Total liabilitiesStart of year $41,722,160$42,111,321
X-27 Net assets without donor restrictionsStart of year $22,223,302$8,137,967
X-28 Net assets with donor restrictionsStart of year $70,415,232$64,297,769
X-32 Total net assets or fund balancesStart of year $92,638,534$72,435,736
X-33 Total liabilities and net assetsStart of year $134,360,694$114,547,057
Part XI · Reconciliation of net assets $72,435,736 net assets at year end
XI-1 Total revenue$33,951,461
XI-2 Total expenses$37,580,960
XI-3 Revenue less expenses−$3,629,499
XI-4 Net assets at start of year$92,638,534
XI-5 Net unrealized gains (losses) on investments−$16,573,299
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$72,435,736

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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