Louisiana College

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/19/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Founded in 1906, Louisiana College is a Christ-centered Community committed to Academic Excellence where students are equipped for Lives of Learning, Leading, and Serving. With a vision to Prepare Graduates and Transform Lives, LC develops the intellect and maturity of students with curricular and spiritual principles characterized by three words: relevant, relational and rigorous.

Louisiana College attracts students seeking a college that will reinforce and integrate their faith in more than 70 areas of study, and students credit professors for compassion and investment in the whole student. LC was named a Top 30 Christian College by bestvalueschools.org.


Contact information

Mailing address:
Louisiana College
1140 College Dr
Pineville, LA 71360

Website: lacollege.edu

Phone: 318-487-7000

Email: admissions@lacollege.edu


Organization details

EIN: 720467515

CEO/President: Dr. Rick Brewer

Chairman: Mark Sparks

Board size: 47

Founder: Edwin O. Ware, Sr.

Year founded: 1970

Tax deductible: Yes

Fiscal year end: 07/31

Member of ECFA: No

Member of ECFA since:


Purpose

Louisiana College prepares students to be leaders of tomorrow. Our faculty and staff join you on your college journey and help you connect your passion and purpose. You'll learn to think critically, problem-solve, and use analytical reasoning - skills that are highly valued in today's job market. Rooted in Christ, the Louisiana College community is committed to academic excellence and equipping students for lives of learning, leading, and serving.

The guiding principle of Louisiana College is to provide liberal arts, professional, and graduate programs characterized by devotion to the preeminence of the Lord Jesus, allegiance to the authority of the Holy Scriptures, dedication to academic excellence for the glory of God, and commitment to change the world for Christ by the power of the Holy Spirit.


Mission statement

Louisiana College is a Christ-centered community committed to Academic Excellence where students are equipped for Lives of Learning, Leading, and Serving.


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating591 of 93880 of 112
Fund acquisition rating12 of 9406 of 112
Resource allocation rating651 of 94078 of 112
Asset utilization rating927 of 938112 of 112

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%22%15%16%18%20%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%78%85%84%82%80%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%81%79%78%78%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%95%85%88%99%104%
Program output ratio Program output ratio =
Program services /
Total revenue
81%77%67%68%77%84%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%5%15%12%1%-4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%2%7%6%1%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%19%21%22%22%20%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.310.300.290.310.31
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.7437.7940.4549.4627.6922.41
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.6411.6412.3314.588.496.98
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.071.472.792.122.662.23
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.680.360.470.380.45
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.860.330.620.430.880.95
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%24%25%27%30%31%
Debt ratio Debt ratio =
Debt /
Total assets
16%15%16%17%19%19%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%248%247%246%228%223%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$748,016$432,045$320,944$535,413$388,231
Receivables, inventories, prepaids$1,774,558$1,726,638$1,379,713$2,447,073$3,301,827
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,522,574$2,158,683$1,700,657$2,982,486$3,690,058
Long-term investments$21,202,677$20,140,874$21,152,090$21,547,847$24,117,774
Fixed assets$44,859,797$38,515,941$35,717,963$33,626,322$29,762,095
Other long-term assets$26,752,177$26,503,150$25,551,045$24,436,092$25,132,321
Total long-term assets$92,814,651$85,159,965$82,421,098$79,610,261$79,012,190
Total assets$95,337,225$87,318,648$84,121,755$82,592,747$82,702,248
 
Liabilities20192018201720162015
Payables and accrued expenses$1,711,735$771,888$783,259$1,098,164$987,862
Other current liabilities$666$666$20,442$24,435$663,816
Total current liabilities$1,712,401$772,554$803,701$1,122,599$1,651,678
Debt$14,487,161$14,331,309$14,481,580$15,310,533$16,098,191
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$6,375,923$6,492,949$7,726,008$8,440,184$7,569,637
Total long-term liabilities$20,863,084$20,824,258$22,207,588$23,750,717$23,667,828
Total liabilities$22,575,485$21,596,812$23,011,289$24,873,316$25,319,506
 
Net assets20192018201720162015
Without donor restrictions$31,072,869$24,714,376$21,620,310$18,577,954$16,761,640
With donor restrictions$41,688,871$41,007,460$39,490,156$39,141,477$40,621,102
Net assets$72,761,740$65,721,836$61,110,466$57,719,431$57,382,742
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$6,869,205$4,617,012$4,557,555$4,703,343$4,833,523
Program service revenue$19,319,708$20,993,628$18,389,602$18,642,301$16,340,799
Membership dues$0$0$0$0$0
Investment income$1,091,129$2,382,515$2,333,373($529,607)$599,840
Other revenue$3,544,195$3,233,489$2,909,875$2,845,146$2,902,688
Total other revenue$23,955,032$26,609,632$23,632,850$20,957,840$19,843,327
Total revenue$30,824,237$31,226,644$28,190,405$25,661,183$24,676,850
 
Expenses20192018201720162015
Program services$23,802,553$20,903,057$19,283,661$19,817,233$20,687,579
Management and general$5,562,988$5,712,217$5,515,709$5,507,261$5,080,190
Fundraising$0$0$0$0$0
Total expenses$29,365,541$26,615,274$24,799,370$25,324,494$25,767,769
 
Change in net assets20192018201720162015
Surplus (deficit)$1,458,696$4,611,370$3,391,035$336,689($1,090,919)
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,458,696$4,611,370$3,391,035$336,689($1,090,919)

Compensation

NameTitleCompensation
Dr Richard B Brewer JrPresident$258,662
Randall H HargisVice-President$136,470
Cheryl ClarkVice President$113,711
Philip CaplesVice President$92,665
Byron McGeeVice President$90,425
Mr Fred HoltVice President$79,967
Mr Norman MillerVice President$64,761

Compensation data as of: 7/31/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 8/19/2021. To update the information below, please email: info@ministrywatch.com


History

Founded in 1906, Louisiana College is a private, Baptist coeducational college of liberal arts and sciences with selected professional programs. Built upon the principles of character and learning, the College has a tradition of outstanding academics and is the only Baptist, four-year institution in Louisiana.


Program accomplishments


Needs