Nonprofit · EIN 62-0570060
LANE COLLEGE
Tax-exempt · JACKSON, TN 38301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $23,299,648 | $23,609,155 | -$309,507 | $67,567,408 | $4,487,539 | $63,079,869 |
| June 30, 2024 | 990 | $25,431,203 | $26,163,961 | -$732,758 | $67,327,695 | $4,848,408 | $62,479,287 |
| June 30, 2023 | 990 | $32,410,477 | $35,998,090 | -$3,587,613 | $62,486,940 | $3,606,092 | $58,880,848 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $10,316,942
- of which government grants
- $8,934,573
- Program service revenue
- $12,605,756
- Investment income
- $376,950
- Net gain from sales of assets
- -$28,168
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,374,673
- Compensation of officers, directors and key employees
- $701,205
- Other salaries and wages
- $8,658,345
- Salaries, compensation and benefits (total)
- $10,634,926
- Professional fundraising fees
- $0
- Accounting fees
- $470,825
- Occupancy
- $1,275,824
- Travel
- $787,760
- Depreciation
- $1,732,234
- Program services (functional)
- $20,109,592
- Management and general (functional)
- $3,499,563
Balance sheet and other
- Total assets, start of year
- $67,327,697
- Total assets, end of year
- $67,567,408
- Total liabilities, end of year
- $4,487,539
- Net assets, end of year
- $63,079,869
- Land, buildings and equipment
- $51,153,987
- Net assets without donor restrictions
- $56,116,794
- Net assets with donor restrictions
- $6,963,075
- Gross receipts
- $24,000,816
- Employees
- 434
- Year formed
- 1909
- State of legal domicile
- TN
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR LOGAN HAMPTON | FORMER PRESIDENT | 40 | $492,758 | $28,735 |
| Donald Comer | Interim Pres Officer | 40 | $226,610 | $0 |
| Tangela Poole | CFO Officer | 40 | $110,592 | $0 |
| DARRYL MCGEE | VP STUDENT AFFAIRS | 40 | $106,832 | $0 |
| Dr Louis Cook | Executive VP Officer | 40 | $102,692 | $0 |
| Consuella Davis | Former VP | 40 | $102,692 | $0 |
| Darlette Samuels | VP Advancement Officer | 40 | $98,497 | $0 |
| Surina Renay Dixon | Interim Ath Dir Officer | 40 | $85,789 | $0 |
| Alatorya V Cranford | VP Student Aff Officer | 40 | $77,025 | $0 |
| Ms E Florence Hervery | Trustee Trustee or director | 5 | $0 | $0 |
| Mr John T Greene | Trustee Trustee or director | 5 | $0 | $0 |
| Rev Dr Ronald Powe | Trustee Trustee or director | 5 | $0 | $0 |
| DrCarmichael Crutchfield | Trustee Trustee or director | 5 | $0 | $0 |
| Dr Jermane Bond | Trustee Trustee or director | 5 | $0 | $0 |
| Ms Melissa B Clinton | Trustee Trustee or director | 5 | $0 | $0 |
20 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mr Marcus Greene | Trustee Trustee or director | 5 | $0 |
| Ms Michelle Marshall | Trustee Trustee or director | 5 | $0 |
| Dr Keith H Taylor | Vice Chair Trustee or director | 5 | $0 |
| Dr Jesse Tyson | Trustee Trustee or director | 5 | $0 |
| Mrs Karen Henning | Faculty Rep Trustee or director | 5 | $0 |
| Mr Keith Jordan | Student Rep. Trustee or director | 5 | $0 |
| Dr Aminah F Gooch | Faculty Rep Trustee or director | 5 | $0 |
| Ms Pamela C Springfield | Secretary Trustee or director | 5 | $0 |
| Dr Claude A Bass | Trustee Trustee or director | 5 | $0 |
| Dr Doris F Boyd | Trustee Trustee or director | 5 | $0 |
| Dr John D Calhoun | Trustee Trustee or director | 5 | $0 |
| Dr Louis E Cunningham | Trustee Trustee or director | 5 | $0 |
| Dr Jessie Edwards | Trustee Trustee or director | 5 | $0 |
| Mr Dacry Harris | Trustee Trustee or director | 5 | $0 |
| Voresa Booker | Trustee Trustee or director | 5 | $0 |
| Mr Gary A Taylor | Trustee Trustee or director | 5 | $0 |
| Ms Jacqueline I Scott | Trustee Trustee or director | 5 | $0 |
| Rev Wayne Williams | Trustee Trustee or director | 5 | $0 |
| Dr Pene Woods | Trustee Trustee or director | 5 | $0 |
| Bishop Marvin F Thomas | Chair Officer | 5 | $0 |
990 for the year ended June 30, 2024: 30 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Logan Hampton | President Trustee or director, Officer | 60 | $234,997 |
| DARRYL MCGEE | VP STUDENT AFFAIRS | 40 | $110,828 |
| Bishop Marvin F Thomas | Chair Trustee or director, Officer | 5 | $0 |
| Mr John T Greene | Trustee Trustee or director | 5 | $0 |
| Dr M Jermane Bond | Trustee Trustee or director | 5 | $0 |
| Captain Voresa Booker | Trustee Trustee or director | 5 | $0 |
| Ms Melissa B Clinton | Trustee Trustee or director | 5 | $0 |
| Ms Michelle Marshall | Trustee Trustee or director | 5 | $0 |
| Rev Dr Ronald Powe | Trustee Trustee or director | 5 | $0 |
| Mr Marcus Greene | Trustee Trustee or director | 5 | $0 |
| Dr Carmichael Crutchfield | Trustee Trustee or director | 5 | $0 |
| Mr Dacry Harris | Trustee Trustee or director | 5 | $0 |
| Mr Jesse Tyson | Trustee Trustee or director | 5 | $0 |
| Reverend Wayne Williams | Trustee Trustee or director | 5 | $0 |
| Mr Malek Lockhart | Student Rep Trustee or director | 5 | $0 |
| Dr Keith H Taylor | Vice Chair Trustee or director, Officer | 5 | $0 |
| Dr Aminah F Gooch | Faculty Rep Trustee or director | 5 | $0 |
| Ms Pamela C Springfield | Secretary Trustee or director, Officer | 5 | $0 |
| Dr Claude A Bass | Trustee Trustee or director | 5 | $0 |
| Dr Doris F Boyd | Trustee Trustee or director | 5 | $0 |
| Dr John D Calhoun | Trustee Trustee or director | 5 | $0 |
| Dr Louis E Cunningham | Trustee Trustee or director | 5 | $0 |
| Dr Jessie Edwards | Trustee Trustee or director | 5 | $0 |
| Mr Dacry Harris | Trustee Trustee or director | 5 | $0 |
| Ms E Florence Hervery | Trustee Trustee or director | 5 | $0 |
| Ms Nicky Phillips | Trustee Trustee or director | 5 | $0 |
| Mr Gary A Taylor | Trustee Trustee or director | 5 | $0 |
| Ms Jacqueline I Scott | Trustee Trustee or director | 5 | $0 |
| Rev Wayne Williams | Trustee Trustee or director | 5 | $0 |
| Dr Pene Woods | Trustee Trustee or director | 5 | $0 |
990 for the year ended June 30, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dr Logan Hampton | President Trustee or director, Officer | 60 | $220,670 | $0 |
| DARRYL MCGEE | VP STUDENT AFFAIRS | 40 | $102,135 | $4,846 |
| Bishop Marvin F Thomas | Vice Chair Trustee or director, Officer | 5 | $0 | $0 |
| Mr Damonte Anderson | Student Rep. Trustee or director | 5 | $0 | $0 |
| Mr John T Greene | Trustee Trustee or director | 5 | $0 | $0 |
| Rev Dr Ronald Powe | Trustee Trustee or director | 5 | $0 | $0 |
| DrCarmichael Crutchfield | Trustee Trustee or director | 5 | $0 | $0 |
| Dr Keith H Taylor | Trustee Trustee or director | 5 | $0 | $0 |
| Dr Aminah F Gooch | Faculty Rep Trustee or director | 5 | $0 | $0 |
| Ms Pamela C Springfield | Secretary Trustee or director | 5 | $0 | $0 |
| Bishop Henry Williamson | Chairman Trustee or director, Officer | 5 | $0 | $0 |
| Dr Claude A Bass | Trustee Trustee or director | 5 | $0 | $0 |
| Dr Doris F Boyd | Trustee Trustee or director | 5 | $0 | $0 |
| Dr John D Calhoun | Trustee Trustee or director | 5 | $0 | $0 |
| Dr Louis E Cunningham | Trustee Trustee or director | 5 | $0 | $0 |
| Dr Jessie Edwards | Trustee Trustee or director | 5 | $0 | $0 |
| Mr Dacry Harris | Trustee Trustee or director | 5 | $0 | $0 |
| Ms E Florence Hervery | Trustee Trustee or director | 5 | $0 | $0 |
| Ms Nicky Phillips | Trustee Trustee or director | 5 | $0 | $0 |
| Mr Gary A Taylor | Trustee Trustee or director | 5 | $0 | $0 |
| Ms Jacqueline I Scott | Trustee Trustee or director | 5 | $0 | $0 |
| Rev Wayne Williams | Trustee Trustee or director | 5 | $0 | $0 |
| Dr Pene Woods | Trustee Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 545 LANE AVE, JACKSON, TN 38301-4501
- Principal officer (990 for 2024)
- Donald Comer, 545 LANE AVENUE, JACKSON, TN 38301
- Signed the 990
- PAULA LOVE, CFO
- Phone
- (731) 426-7539
- Website
- http://www.lanecollege.edu/
- Return prepared by
- Hoskins & Company PC
Mission
LANE COLLEGE IS A PRIVATE,CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING,INSTRUCTION AND SUPPORT SERVICES.
Program accomplishments
- LANE COLLEGE IS AN INSTITUTE OF HIGHER EDUCATION AND PROVIDES INSTRUCTION SCHOLARSHIPS AND VARIOUS SUPPORT SERVICES IN ACHIEVING ITS PRIMARY PURPOSE OF EDUCATING STUDENTS.Expenses $20,109,592 · grants $2,374,673 · revenue $12,159,376
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-0570060
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1954
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B42Z)
- Assets (IRS master file)
- $67,567,408
- Income (IRS master file)
- $24,000,816
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $23,299,648 | $23,609,155 | $67,567,408 | IRS |
| 990 | June 2024 | $25,431,203 | $26,163,961 | $67,327,695 | IRS |
| 990 | June 2023 | $32,410,477 | $35,998,090 | $62,486,940 | XML |
| 990 | June 2022 | $34,131,294 | $35,286,006 | $65,638,607 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 62-0570060).
Questions about LANE COLLEGE
- What is the EIN of LANE COLLEGE?
- The employer identification number (EIN) of LANE COLLEGE is 62-0570060.
- Is LANE COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1954.
- Are donations to LANE COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LANE 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 LANE COLLEGE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LANE COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LANE COLLEGE?
- The 990 for the year ended June 30, 2025 names Donald Comer.
- Who are the officers and directors of LANE COLLEGE?
- The 990 for the year ended June 30, 2025 lists 35 people; 9 received compensation from the organization, the highest $492,758 (DR LOGAN HAMPTON, FORMER PRESIDENT).
- How much revenue does LANE COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $23,299,648, expenses of $23,609,155 and total assets of $67,567,408 at year end.
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