Lipscomb University

Also known as Lipscomb University

Nashville, TN · EIN 62-0485733 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending May 31, 2025 (tax year 2024) · View the filing · Correct or respond

Lipscomb University reported $272.1 million in revenue and $254.9 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $83.75 went to program services, $14.84 to management and general costs and $1.41 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 81.2% of the total. The highest compensation it reported for one person was $722,140 (PRESIDENT). 167 people received more than $100,000 in reportable compensation. Revenue rose 41% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $255M

Program services$83.75 $213M
Management & general$14.84 $38M
Fundraising$1.41 $3.6M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending May 31, 2025 · Form 990, Part VIII · total revenue $272M

Contributions & grants (non-government)$9.51 $26M
Government grants$1.24 $3.4M
Program service revenue$81.20 $221M
Investment income$2.20 $6.0M
Other revenue$5.85 $16M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	83.8%	84.4%
Management & general Part IX 25(C) ÷ 25(A)	14.8%	13.4%
Fundraising Part IX 25(D) ÷ 25(A)	1.4%	0.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.12	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	10.8%	19.1%
Government grants share of revenue Part VIII 1e ÷ 12	1.2%	1.1%
Program service revenue share Part VIII 2g ÷ 12	81.2%	69.9%
Highest reported compensation Part VII-A, columns D–F	$722,140	$331,578
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	0.28%	1.28%
People paid over $100,000 Part VII, line 2	167	8
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	11.1	13.3
Independent voting board members Part VI 1a–1b	22 of 25	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense

$135M expenses · 63.4% of program spending · grants $67M · revenue $197M

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

$37M expenses · 17.2% of program spending

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

$20M expenses · 9.2% of program spending · revenue $23M

Auxiliary enterprises:provides students with the engaging on-campus lipscomb experience. Students who live on campus typically experience a strong sense of positive community

$22M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
PRESIDENT Director/trustee, officer, 40.00 hrs/week	$684,752	$0	$37,388	$722,140
COACH Highest compensated employee, 40.00 hrs/week	$365,213	$0	$37,722	$402,935
HEAD OF SCHOOL Key employee, 40.00 hrs/week	$315,605	$0	$39,177	$354,782
SENIOR VICE PRESIDENT Highest compensated employee, 40.00 hrs/week	$285,773	$0	$40,120	$325,893
DIRECTOR OF ATHLETICS Highest compensated employee, 40.00 hrs/week	$273,729	$0	$41,285	$315,014
PROVOST Key employee, 40.00 hrs/week	$258,648	$0	$47,503	$306,151
DEAN, COLLEGE OF PHARMACY Highest compensated employee, 40.00 hrs/week	$264,165	$0	$30,157	$294,322
SR V.P. OF FIN & TECH Officer, 40.00 hrs/week	$220,737	$0	$28,585	$249,322

167 people received more than $100,000 in reportable compensation from Lipscomb University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$272M	$255M	83.8%	$236M	$722,140
FY2024 ⓘ	$243M	$244M	85.0%	$213M	$592,988
FY2023 ⓘ	$228M	$236M	84.5%	$203M	$694,215
FY2022 ⓘ	$227M	$228M	83.7%	$215M	$605,649
FY2021 ⓘ	$216M	$206M	83.2%	$222M	$653,731
FY2020 ⓘ	$194M	$205M	84.5%	$185M	$690,401

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b25 · 22 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4Yes
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bYes
Employees Part I, line 52,579
Volunteers Part I, line 6200

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only

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

Individuals listed as contractors are left out. 85 contractors were paid more than $100,000 in all.

Private foundation grants it received

45 private foundations reported grants to Lipscomb University totaling $2.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Lipscomb University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lipscomb University, you can publish a response that is linked from this page.

Report a correction Respond as Lipscomb University How this works

Similar-sized charities in this cause

Alliance College-Ready Public Schools
Los Angeles, CA · revenue $271M · programs 91.3% · FY2025
Ncinnovation
Research Triangle Park, NC · revenue $272M · programs 76.8% · FY2025
International Baccalaureate Organization
Washington, DC · revenue $271M · programs 62.4% · FY2025
Oklahoma State University Foundation
Stillwater, OK · revenue $273M · programs 80.2% · FY2025
Indiana Wesleyan University
Marion, IN · revenue $269M · programs 88.5% · FY2025

All education charities · Largest charities in Tennessee

Questions people ask

How much of Lipscomb University's spending goes to programs?

In the fiscal year ending May 31, 2025, Lipscomb University reported that 83.8% of its $254.9 million in expenses went to program services, 14.8% to management and general and 1.4% to fundraising (Form 990, Part IX).

How much does Lipscomb University pay its top executive?

The largest total compensation Lipscomb University reported for one person in the fiscal year ending May 31, 2025 was $722,140, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Lipscomb University get its money?

Of $272.1 million in revenue in the fiscal year ending May 31, 2025, 10.8% came from contributions and grants (including 1.2% from government grants) and 81.2% from program service revenue (Form 990, Part VIII).

Is Lipscomb University a registered charity?

The IRS lists EIN 62-0485733 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2025: Form 990 for the fiscal year ending May 31, 2025, object 202640999349301849 · read the filing · XML
FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202510799349301701 · read the filing
FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202401039349300510 · read the filing
FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202331089349301458 · read the filing
FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202211029349301041 · read the filing
FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202043469349300719 · read the filing

All filings for EIN 62-0485733: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.