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Lane College

Jackson, TN · EIN 62-0570060 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Lane College reported $23.3 million in revenue and $23.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $85.18 went to program services, $14.82 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 54.1% of the total. Government grants made up 38.3%. The highest compensation it reported for one person was $521,493 (FORMER PRESIDENT). 6 people received more than $100,000 in reportable compensation. Revenue fell 19% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $24M

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 June 30, 2025 · Form 990, Part VIII · total revenue $23M

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.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
85.2%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
14.8%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
44.3%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
38.3%1.1%
Program service revenue share
Part VIII 2g ÷ 12
54.1%69.9%
Highest reported compensation
Part VII-A, columns D–F
$521,493$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.21%1.28%
People paid over $100,000
Part VII, line 2
68
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
32.113.3
Independent voting board members
Part VI 1a–1b
23 of 25100.0%

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
$20M expenses · 100.0% of program spending · grants $2.4M · revenue $12M

Lane College is an institute of higher education and provides instruction scholarships and various support services in achieving its primary purpose of educating students

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
FORMER PRESIDENT
Listed in Part VII, 40.00 hrs/week
$492,758$0$28,735$521,493
Interim Pres
Officer, 40.00 hrs/week
$226,610$0$0$226,610
CFO
Officer, 40.00 hrs/week
$110,592$0$0$110,592
VP STUDENT AFFAIRS
Listed in Part VII, 40.00 hrs/week
$106,832$0$0$106,832
Executive VP
Officer, 40.00 hrs/week
$102,692$0$0$102,692
Former VP
Listed in Part VII, 40.00 hrs/week
$102,692$0$0$102,692
VP Advancement
Officer, 40.00 hrs/week
$98,497$0$0$98,497
Interim Ath Dir
Officer, 40.00 hrs/week
$85,789$0$0$85,789

6 people received more than $100,000 in reportable compensation from Lane College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $701K (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
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$23M$24M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$23M$24M85.2%$63M$521,493
FY2024 ⓘ$25M$26M75.0%$62M$234,997
FY2023 ⓘ$32M$36M83.3%$59M$220,670
FY2022 ⓘ$34M$35M74.0%$62M$290,679
FY2021 ⓘ$59M$27M89.2%$64M$262,412
FY2020 ⓘ$29M$28M89.8%$32M$259,768

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 · 23 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14No
  • 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 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5434

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
TEAM CLEAN JACKSON LLC
Cleaning service
$1,305,000
JACKSON ENERGY AUTHORITY
Utility
$1,302,613
SYSCO MEMPHIS
Food Service
$483,984
PACO PAINTING & REMODELING
Painting/remodeling
$302,850

Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.

Private foundation grants it received

7 private foundations reported grants to Lane College totaling $60,579 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 Lane College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lane College, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Tennessee

Questions people ask

How much of Lane College's spending goes to programs?

In the fiscal year ending June 30, 2025, Lane College reported that 85.2% of its $23.6 million in expenses went to program services, 14.8% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Lane College pay its top executive?

The largest total compensation Lane College reported for one person in the fiscal year ending June 30, 2025 was $521,493, for the role of FORMER PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Lane College get its money?

Of $23.3 million in revenue in the fiscal year ending June 30, 2025, 44.3% came from contributions and grants (including 38.3% from government grants) and 54.1% from program service revenue (Form 990, Part VIII).

Is Lane College a registered charity?

The IRS lists EIN 62-0570060 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 June 30, 2025, object 202601389349301600 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501369349300230 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441369349302229 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321079349301217 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231319349301208 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121309349302367 · read the filing

All filings for EIN 62-0570060: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.