Lipscomb University
501(c)(3) Donations tax-deductible
84% goes to programs $12 to raise $100 Strong reserves Growing revenue
Lipscomb University is a 501(c)(3) organization based in Nashville, Tennessee, registered in 1940, with $272,059,219 in FY2024 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
1 University Park Dr, Nashville, TN, 37204 EIN 62-0485733 Since 1940
Revenue (FY2024)
$272.1M
▲ 12.2% vs prior year
Expenses (FY2024)
$254.9M
Net assets
$235.7M
Employees
2,579
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $12 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Lipscomb University: 84% to programs · $12 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lipscomb University: 11 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Lipscomb University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lipscomb University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Lipscomb university delivers a complete education characterized by integration of christian faith.
What they do
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.
Academic support:includes academic counseling & testing services, academic program development, university deans, instructional technology, library services, and other areas designed to enhance a student's learning experience and the overall quality of a student's education.
Contact & location
Financial trends
Revenue grew from $157.0M (FY2013) to $272.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $239.2MNet assets $235.7M
Operating margin
6.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$474.9M
Total liabilities
$239.2M
Net assets
$235.7M
Salaries & benefits
$96.9M
38% of expenses
Board members
25
22 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $272,059,219▲12.2% | $254,889,018▲4.6% | $235,725,239▲10.4% | $474,908,065▲3.2% | 990 |
| 2023 | $242,542,412▲6.3% | $243,688,539▲3.4% | $213,487,561▲5.0% | $460,159,047▲1.1% | 990 |
| 2022 | $228,207,955▲0.3% | $235,575,959▲3.3% | $203,333,111▼5.2% | $455,099,629▼6.0% | 990 |
| 2021 | $227,470,382▲5.2% | $227,963,545▲10.5% | $214,595,641▼3.1% | $484,056,410▼3.7% | 990 |
| 2020 | $216,257,194▲11.7% | $206,269,469▲0.7% | $221,515,711▲19.9% | $502,799,879▲5.8% | 990 |
| 2019 | $193,551,646▼3.0% | $204,929,258▲1.3% | $184,749,300▼4.0% | $475,201,837▼2.4% | 990 |
| 2018 | $199,530,719▼2.8% | $202,242,877▲9.6% | $192,380,847▼3.7% | $486,740,013▲38.2% | 990 |
| 2017 | $205,283,951▲8.9% | $184,511,907▲4.0% | $199,816,634▲10.6% | $352,295,152▲7.1% | 990 |
| 2016 | $188,477,634▲0.5% | $177,441,221▲3.4% | $180,661,603▲14.2% | $329,062,002▲7.6% | 990 |
| 2015 | $187,449,130▲12.1% | $171,659,871▲6.2% | $158,184,716▲3.4% | $305,872,179▲15.9% | 990 |
| 2014 | $167,182,949▲6.5% | $161,680,833▲6.8% | $153,019,686▲18.4% | $263,825,877▲12.0% | 990 |
| 2013 | $157,030,508 | $151,389,940▲11.1% | $129,256,011▲13.1% | $235,620,716▲5.4% | 990 |
| 2012 | — | $136,296,429▲4.5% | $114,334,595▲16.5% | $223,465,775▲6.0% | 990 |
| 2011 | — | $130,448,921▲16.5% | $98,174,492▼1.3% | $210,758,202▲2.0% | 990 |
| 2010 | — | $111,995,996▲13.3% | $99,429,870▲14.8% | $206,569,677▲6.2% | 990 |
| 2009 | — | $98,846,785 | $86,601,749 | $194,512,319 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Candice Mcqueen — $684,752 (0.27% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Candice Mcqueen | President | 40 | $684,752 |
| Charles Acuff | Coach | 40 | $365,213 |
| Brad Schultz | Head of School | 40 | $315,605 |
| Keith Hinkle | Senior Vice President | 40 | $285,773 |
| Phil Hutcheson | Director of Athletics | 40 | $273,729 |
| Thomas Campbell | Dean, College of Pharmacy | 40 | $264,165 |
| Jennifer Shewmaker | Provost | 40 | $258,648 |
| Charles R Eldridge | Dean Emeritus | 40 | $232,304 |
| Jeffrey Baughn | Sr V.p. of Fin & Tech | 40 | $220,737 |
| Bart Harper | Trustee | 1 | — |
| Bennie Harris | Secretary | 1 | — |
| Billy Long | Trustee | 1 | — |
| Buddy Bell | Trustee | 1 | — |
| Ernie Clevenger | Trustee | 1 | — |
| Gerald Coggin | Vice Chair | 1 | — |
| Jeff Mcgruder | Trustee | 1 | — |
| John Little | Trustee | 1 | — |
| Lisa Piercey | Treasurer | 1 | — |
| Mark Lanier | Trustee | 1 | — |
| Michael F Adams | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Inc and Affiliates | Food Service | $6,463,527 |
| First Onsite | Water Remidiation & Construction | $5,011,796 |
| Insight Investments LLC | Financial Services | $2,787,842 |
| Phoenix Claims Consulting | Consulting On Insurance Claims | $1,311,704 |
| Smart Source | Printing Services | $1,290,521 |
Grants received · $18.5M total
211 grants to Lipscomb University totaling $18.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Educational | 2024 | $1,480,000 |
| Servant Foundation | Education | 2024 | $310,500 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $224,900 |
| Signatry Charitable Trust | Education | 2024 | $153,713 |
| Hispanic Scholarship Fund | To provide scholarships for students | 2024 | $36,422 |
| Charities Aid Foundation America | Charitable donation | 2024 | $30,352 |
| East Tennessee Foundation | Education | 2024 | $30,000 |
| American Online Giving Foundation Inc | General support | 2024 | $16,548 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $15,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $14,500 |
| Impactassets Inc | General support | 2024 | $10,000 |
| Community Fdn of Greater Des Moines | Psalms 78:72 alumni scholarship | 2024 | $8,000 |
| The Community Fdn of Middle Tn Inc | Donation | 2024 | $8,000 |
| The Community Fdn of Middle Tn Inc | University men's basketball | 2024 | $5,000 |
| Donor Advised Charitable Giving | Education | 2023 | $781,000 |
Grants made · $10K in FY2023
1 grant totaling $10K in FY2023. All grants made by Lipscomb University →
| Recipient | Purpose | Amount |
|---|---|---|
| The Community Fdn of Middle Tn Inc | Nashville visioning project fund | $10,000 |
Frequently asked questions
- Is Lipscomb University a legitimate nonprofit?
- Yes. Lipscomb University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 62-0485733, based in Nashville, Tennessee. Donations are tax-deductible.
- What is Lipscomb University's EIN?
- Lipscomb University's Employer Identification Number (EIN) is 62-0485733.
- How much revenue does Lipscomb University report?
- Lipscomb University reported $272,059,219 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Lipscomb University's spending goes to programs?
- Lipscomb University spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lipscomb University have?
- CharityIndex grades Lipscomb University A, based on program efficiency and fundraising cost.
- How much does Lipscomb University's highest-paid employee make?
- The highest reported compensation on Lipscomb University's latest Form 990 is $684,752, paid to Candice Mcqueen (President).
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Data for Lipscomb University (EIN 62-0485733) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.