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Lagrange College Property FY2020 filing

Lagrange, GAHigher education institutionSince 2016 EIN 81-1388812Revenue $97K in FY2020Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSlagrange.eduLagrange, GA

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Lagrange College Property management is organized for the exclusive purpose of supporting the interests of Lagrange College. The organization will acquire and develop real estate Property for exclusive use by Lagrange College through a lease relationship.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-1388812) · Dispute this line
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average surplus $315K a year · 8% of revenue · last 4 filings
A surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
6.3 mo
of spending, in cash
6.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11.4M
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$16.2M
112% of total assets
Liabilities are 112% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$97K
Spent
$591K
To programs
100%
Net assets
−$1.8M
By yearFY2020–FY2023
Revenue
$97K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$97K
FY2021$101K
FY2022$101K
FY2023$14.9M
Expenses
$591K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$591K
FY2021$572K
FY2022$662K
FY2023$12.1M
Net assets
−$1.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.8M
FY2021−$2.2M
FY2022−$2.8M
FY2023$0

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $591K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Mitchell Key
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Deborah Hall
VP - Finance and Operation
$0Pt VII · Sec A
See Lagrange College Property executive salaries →

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 15aNo

Programs and updates

Acquires and develops property for LaGrange College's use.

Questions for Lagrange College Property

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Your first name shows with your question. Lagrange College Property answers here, for everyone.

1 program · $591K · in their own filed words · FY2019
01

Lagrange college property management, inc. Has constructed a 43,000 square foot science facility on the corner of vernon street and park avenue, at 200 park avenue, across the street from the current callaway science building.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-1388812) · Dispute this line
$591Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2022
Lagrange CollegeFY2022$11.4M
Total grants receivedfrom 1 funder$11.4M

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$97K
Ln 12
Fees for servicesLn 2g$97K
Money outPt IX
$591K
Ln 25
Programscol B$591K
Owns and owesPt X
−$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$312K
Total assetsLn 16$14.4M
LiabilitiesLn 26$16.2M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$97K
Total revenueLn 12$97K
Assets in detailPt X, end of year
CashLn 1$312K
Cash and savings togetherLn 1–2$312K
Accounts receivableLn 4$43K
Land, buildings, equipmentLn 10c$13.8M
Other assetsLn 15$217K
Total assetsLn 16$14.4M
LiabilitiesLn 26$16.2M
Net assetsLn 32−$1.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
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 FY20End FY20
Cash and savingsLn 1–2$401K$312K
Land, buildings, equipmentLn 10c$14.1M$13.8M
Total assetsLn 16$14.9M$14.4M
LiabilitiesLn 26$16.1M$16.2M
Net assetsLn 32−$1.3M−$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$5K$5K
OccupancyLn 16$28K$28K
InterestLn 20$186K$186K
Depreciation, depletion and amortizationLn 22$371K$371K
Total functional expensesLn 25$591K$591K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS May 10, 2024 $14.9M$12.1M$2.8M$0 990 PDF
FY2022Filed with the IRS May 15, 2023 $101K$662K−$561K−$2.8M 990 PDF
FY2021Filed with the IRS May 16, 2022 $101K$572K−$471K−$2.2M 990 PDF
FY2020 ViewingFiled with the IRS May 17, 2021 $97K$591K−$494K−$1.8M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $97,041 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $128,918$97,041
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $128,918$97,041
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $566,528$590,971
I-18 Total expensesPrior year $566,528$590,971
I-19 Revenue less expensesPrior year −$437,610−$493,930
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $97,041 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $97,041$97,041
VIII-12 Total revenueRelated to mission $97,041 · Unrelated business $0 · Excluded from tax $0$97,041
Part IX · Statement of functional expenses $590,971 across 4 lines filed
IX-11g Other fees for servicesPrograms $4,967$4,967
IX-16 OccupancyPrograms $28,358$28,358
IX-20 InterestPrograms $186,163$186,163
IX-22 Depreciation, depletion and amortizationPrograms $371,483$371,483
IX-25 Total functional expensesPrograms $590,971 · Management $0 · Fundraising $0$590,971
Part X · Balance sheet $14,408,616 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $401,481$312,359
X-4 Accounts receivableStart of year $42,755$42,902
X-10c Land, buildings and equipment, netStart of year $14,135,202$13,836,128
X-15 Other assetsStart of year $289,636$217,227
X-16 Total assetsStart of year $14,869,074$14,408,616
X-17 Accounts payable and accrued expensesStart of year $783$0
X-23 Secured mortgages and notes payableStart of year $14,773,016$14,773,016
X-25 Other liabilitiesStart of year $1,356,690$1,390,945
X-26 Total liabilitiesStart of year $16,130,489$16,163,961
X-27 Net assets without donor restrictionsStart of year −$1,261,415−$1,755,345
X-32 Total net assets or fund balancesStart of year −$1,261,415−$1,755,345
X-33 Total liabilities and net assetsStart of year $14,869,074$14,408,616
Part XI · Reconciliation of net assets −$1,755,345 net assets at year end
XI-1 Total revenue$97,041
XI-2 Total expenses$590,971
XI-3 Revenue less expenses−$493,930
XI-4 Net assets at start of year−$1,261,415
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,755,345

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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