Nonprofit · EIN 56-0547511
LOUISBURG COLLEGE
Tax-exempt · LOUISBURG, NC 27549
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $16,943,070 | $16,934,374 | $8,696 | $44,138,723 | $17,630,345 | $26,508,378 |
| May 31, 2024 | 990 | $14,229,621 | $14,776,968 | -$547,347 | $43,916,145 | $18,136,128 | $25,780,017 |
| May 31, 2023 | 990 | $14,808,582 | $16,503,537 | -$1,694,955 | $44,373,889 | $19,129,588 | $25,244,301 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $968,761
- of which government grants
- $83,937
- Program service revenue
- $14,740,259
- Investment income
- $1,073,017
- Net rental income
- $77,019
- Net gain from sales of assets
- -$50,533
- Other revenue
- $161,033
Expenses
- Grants and similar amounts paid
- $3,351,708
- Compensation of officers, directors and key employees
- $265,755
- Other salaries and wages
- $3,271,455
- Salaries, compensation and benefits (total)
- $4,370,791
- Professional fundraising fees
- $0
- Legal fees
- $8,935
- Accounting fees
- $127,800
- Occupancy
- $550,741
- Depreciation
- $1,241,671
- Program services (functional)
- $12,640,478
- Management and general (functional)
- $4,126,237
- Fundraising (functional)
- $167,659
Balance sheet and other
- Total assets, start of year
- $43,916,145
- Total assets, end of year
- $44,138,723
- Total liabilities, end of year
- $17,630,345
- Net assets, end of year
- $26,508,378
- Land, buildings and equipment
- $23,638,766
- Publicly traded securities
- $14,580,973
- Net assets without donor restrictions
- $10,139,900
- Net assets with donor restrictions
- $16,368,478
- Gross receipts
- $16,993,603
- Employees
- 226
- Volunteers
- 27
- Year formed
- 1928
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR GARY M BROWN | PRESIDENT Officer | 40 | $232,007 | $23,755 |
| D TADLEY DEBERRY | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| SHARON BRYSON | 1ST VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DR BOBBIE RICHARDSON | 2ND VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| EMILY HODGES | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| HAVEN C ALLEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LUCY T ALLEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BILL BODDIE JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MATTHEW C BOUCHARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REVEREND CHRIS BRADY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR STEVEN E BROOKS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID J COSTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM R CROSS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GLYNIS HILL-CHANDLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN A HOPKINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LINDA F JOHNSON | TRUSTEE Trustee or director | 1 | $0 |
| LYNDA C LUMPKIN | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM NORRIS | TRUSTEE Trustee or director | 1 | $0 |
| THOMAS PARRISH | TRUSTEE Trustee or director | 1 | $0 |
| MAX G REECE JR | TRUSTEE Trustee or director | 1 | $0 |
| FRANKLIN ROBERTS | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM C SHELTON | TRUSTEE Trustee or director | 1 | $0 |
| LYDIA M SMITH | TRUSTEE Trustee or director | 1 | $0 |
| EMMA B STEWART | TRUSTEE Trustee or director | 1 | $0 |
| CONRAD BOYD STURGES III | TRUSTEE Trustee or director | 1 | $0 |
| WARD SYLVESTER | TRUSTEE Trustee or director | 1 | $0 |
| DR LINDA RWILSON | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR GARY M BROWN | PRESIDENT Officer | 40 | $233,245 | $21,319 |
| DR CALANDRA D LOCKHART | VICE PRESIDENT OF ACEDEMIC Highest-paid employee | 40 | $118,503 | $13,794 |
| D TADLEY DEBERRY | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| WILLIAM R CROSS | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| WILLIAM NORRIS | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| LYNDA C LUMPKIN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BILL BODDIE JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| W BRITT COBB JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM PARRISH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES GAILLIARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EMILY HODGES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LINDA F JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GLYNIS HILL-CHANDLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARLA G COLEMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANKLIN T ROBERTS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM C SHELTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| C BOYD STURGES III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WARD SYLVESTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOBBIE RICHARDSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LUCY T ALLEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHARON BRYSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVEN E BROOKS | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR GARY M BROWN | PRESIDENT Officer | 40 | $242,000 | $20,291 |
| DR CALANDRA D LOCKHART | VICE PRESIDENT OF ACEDEMIC Highest-paid employee | 40 | $122,500 | $13,121 |
| D TADLEY DEBERRY | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| WILLIAM R CROSS | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| WILLIAM NORRIS | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| LYNDA C LUMPKIN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BILL BODDIE JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| W BRITT COBB JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM PARRISH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES GAILLIARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EMILY HODGES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LYNDA W HUDSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LINDA F JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLES KNIGHT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GLYNIS HILL-CHANDLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARLA G COLEMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANKLIN T ROBERTS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM C SHELTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| C BOYD STURGES III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WARD SYLVESTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOBBIE RICHARDSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LUCY T ALLEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHARON BRYSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVEN E BROOKS | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 501 N MAIN ST, LOUISBURG, NC 27549-2335
- Principal officer (990 for 2024)
- DR GARY M BROWN, 501 NORTH MAIN STREET, LOUISBURG, NC 27549
- Signed the 990
- DR GARY M BROWN, PRESIDENT
- Phone
- (919) 496-2521
- Website
- WWW.LOUISBURG.EDU
- Return prepared by
- THOMAS JUDY & TUCKER PA
Mission
RELATED BY FAITH TO THE UNITED METHODIST CHURCH, LOUISBURG COLLEGE IS A TWO-YEAR RESIDENTIAL INSTITUTION COMMITTED TO OFFERING A SUPPORTIVE COMMUNITY THAT NURTURES YOUNG MEN AND WOMEN INTELLECTUALLY, CULTURALLY, SOCIALLY, PHYSICALLY, AND SPIRITUALLY.
Program accomplishments
- LOUISBURG COLLEGE CONTINUES TO ADMIT AN INCREASING NUMBER OF STUDENTS WITH HIGHER GPA AVERAGES. CONFIRMATION OF LOUISBURG'S SUCCESS IN PREPARING STUDENTS FOR THE NEXT STEPS IN THEIR COLLEGIATE CAREERS IS EVIDENCED BY THE COLLEGE'S COURSE COMPLETION RATE AND THE NUMBER OF STUDENTS WHO TRANSFER TO FOUR YEAR INSTITUTIONS. THE COLLEGE'S CURRENT COURSE COMPLETION RATE IS 77%. OVER THE PAST FEW YEARS, AT LEAST 80% OF THE COLLEGE'S GRADUATES HAVE TRANSFERRED TO FOUR-YEAR COLLEGES AND UNIVERSITIES.Expenses $12,640,478 · grants $3,351,708 · revenue $14,824,273
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0547511
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1946
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $44,138,723
- Income (IRS master file)
- $16,993,603
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $16,943,070 | $16,934,374 | $44,138,723 | XML |
| 990 | May 2024 | $14,229,621 | $14,776,968 | $43,916,145 | XML |
| 990 | May 2023 | $14,808,582 | $16,503,537 | $44,373,889 | XML |
| 990 | May 2022 | $23,005,525 | $20,893,670 | $47,886,546 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0547511).
Questions about LOUISBURG COLLEGE
- What is the EIN of LOUISBURG COLLEGE?
- The employer identification number (EIN) of LOUISBURG COLLEGE is 56-0547511.
- Is LOUISBURG COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Are donations to LOUISBURG COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOUISBURG COLLEGE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOUISBURG COLLEGE due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOUISBURG COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of LOUISBURG COLLEGE?
- The 990 for the year ended May 31, 2025 names DR GARY M BROWN.
- Who are the officers and directors of LOUISBURG COLLEGE?
- The 990 for the year ended May 31, 2025 lists 27 people; 1 received compensation from the organization, the highest $232,007 (DR GARY M BROWN, PRESIDENT).
- How much revenue does LOUISBURG COLLEGE have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $16,943,070, expenses of $16,934,374 and total assets of $44,138,723 at year end.
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