Louisiana College 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/19/2021. To update the information in this column, please email: info@ministrywatch.com
Summary
Founded in 1906, Louisiana College is a Christ-centered Community committed to Academic Excellence where students are equipped for Lives of Learning, Leading, and Serving. With a vision to Prepare Graduates and Transform Lives, LC develops the intellect and maturity of students with curricular and spiritual principles characterized by three words: relevant, relational and rigorous.
Louisiana College attracts students seeking a college that will reinforce and integrate their faith in more than 70 areas of study, and students credit professors for compassion and investment in the whole student. LC was named a Top 30 Christian College by bestvalueschools.org.
Contact information
Mailing address:
Louisiana College
1140 College Dr
Pineville, LA 71360
Website: lacollege.edu
Phone: 318-487-7000
Email: admissions@lacollege.edu
Organization details
EIN: 720467515
CEO/President: Dr. Rick Brewer
Chairman: Mark Sparks
Board size: 47
Founder: Edwin O. Ware, Sr.
Ruling year: 1970
Tax deductible: Yes
Fiscal year end: 07/31
Member of ECFA: No
Member of ECFA since:
Purpose
Louisiana College prepares students to be leaders of tomorrow. Our faculty and staff join you on your college journey and help you connect your passion and purpose. You'll learn to think critically, problem-solve, and use analytical reasoning - skills that are highly valued in today's job market. Rooted in Christ, the Louisiana College community is committed to academic excellence and equipping students for lives of learning, leading, and serving.
The guiding principle of Louisiana College is to provide liberal arts, professional, and graduate programs characterized by devotion to the preeminence of the Lord Jesus, allegiance to the authority of the Holy Scriptures, dedication to academic excellence for the glory of God, and commitment to change the world for Christ by the power of the Holy Spirit.
Mission statement
Louisiana College is a Christ-centered community committed to Academic Excellence where students are equipped for Lives of Learning, Leading, and Serving.
Statement of faith
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 604 of 1022 | 79 of 117 |
| Fund acquisition rating | | 19 of 1024 | 10 of 117 |
| Resource allocation rating | | 664 of 1024 | 73 of 117 |
| Asset utilization rating | | 1013 of 1022 | 117 of 117 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 15% | 0% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 13% | 20% | 22% | 15% | 16% | 18% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 0% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 87% | 80% | 78% | 85% | 84% | 82% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 82% | 81% | 79% | 78% | 78% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 99% | 95% | 85% | 88% | 99% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 81% | 77% | 67% | 68% | 77% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | 1% | 5% | 15% | 12% | 1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | 1% | 2% | 7% | 6% | 1% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 18% | 19% | 21% | 22% | 22% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.50 | 0.30 | 0.31 | 0.30 | 0.29 | 0.31 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.74 | 44.35 | 37.79 | 40.45 | 49.46 | 27.69 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.62 | 13.24 | 11.64 | 12.33 | 14.58 | 8.49 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 6.26 | 1.53 | 1.47 | 2.79 | 2.12 | 2.66 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.16 | 0.66 | 0.68 | 0.36 | 0.47 | 0.38 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.95 | 0.31 | 0.33 | 0.62 | 0.43 | 0.88 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 27% | 29% | 24% | 25% | 27% | 30% |
Debt ratio Debt ratio = Debt / Total assets | 17% | 21% | 15% | 16% | 17% | 19% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 140% | 238% | 248% | 247% | 246% | 228% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $629,817 | $748,016 | $432,045 | $320,944 | $535,413 |
| Receivables, inventories, prepaids | $1,694,762 | $1,774,558 | $1,726,638 | $1,379,713 | $2,447,073 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,324,579 | $2,522,574 | $2,158,683 | $1,700,657 | $2,982,486 |
| Long-term investments | $24,908,081 | $21,202,677 | $20,140,874 | $21,152,090 | $21,547,847 |
| Fixed assets | $47,922,671 | $44,859,797 | $38,515,941 | $35,717,963 | $33,626,322 |
| Other long-term assets | $27,935,040 | $26,752,177 | $26,503,150 | $25,551,045 | $24,436,092 |
| Total long-term assets | $100,765,792 | $92,814,651 | $85,159,965 | $82,421,098 | $79,610,261 |
| Total assets | $103,090,371 | $95,337,225 | $87,318,648 | $84,121,755 | $82,592,747 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $1,518,342 | $1,711,735 | $771,888 | $783,259 | $1,098,164 |
| Other current liabilities | $4,475 | $666 | $666 | $20,442 | $24,435 |
| Total current liabilities | $1,522,817 | $1,712,401 | $772,554 | $803,701 | $1,122,599 |
| Debt | $21,178,529 | $14,487,161 | $14,331,309 | $14,481,580 | $15,310,533 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $7,239,752 | $6,375,923 | $6,492,949 | $7,726,008 | $8,440,184 |
| Total long-term liabilities | $28,418,281 | $20,863,084 | $20,824,258 | $22,207,588 | $23,750,717 |
| Total liabilities | $29,941,098 | $22,575,485 | $21,596,812 | $23,011,289 | $24,873,316 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $30,291,859 | $31,072,869 | $24,714,376 | $21,620,310 | $18,577,954 |
| With donor restrictions | $42,857,414 | $41,688,871 | $41,007,460 | $39,490,156 | $39,141,477 |
| Net assets | $73,149,273 | $72,761,740 | $65,721,836 | $61,110,466 | $57,719,431 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $6,359,054 | $6,869,205 | $4,617,012 | $4,557,555 | $4,703,343 |
| Program service revenue | $19,134,209 | $19,319,708 | $20,993,628 | $18,389,602 | $18,642,301 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $1,928,466 | $1,091,129 | $2,382,515 | $2,333,373 | ($529,607) |
| Other revenue | $3,747,323 | $3,544,195 | $3,233,489 | $2,909,875 | $2,845,146 |
| Total other revenue | $24,809,998 | $23,955,032 | $26,609,632 | $23,632,850 | $20,957,840 |
| Total revenue | $31,169,052 | $30,824,237 | $31,226,644 | $28,190,405 | $25,661,183 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $25,254,239 | $23,802,553 | $20,903,057 | $19,283,661 | $19,817,233 |
| Management and general | $5,527,280 | $5,562,988 | $5,712,217 | $5,515,709 | $5,507,261 |
| Fundraising | $0 | $0 | $0 | $0 | $0 |
| Total expenses | $30,781,519 | $29,365,541 | $26,615,274 | $24,799,370 | $25,324,494 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $387,533 | $1,458,696 | $4,611,370 | $3,391,035 | $336,689 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $387,533 | $1,458,696 | $4,611,370 | $3,391,035 | $336,689 |
Compensation
| Name | Title | Compensation |
| Dr Richard B Brewer Jr | President | $267,411 |
| Cheryl Clark | Vice President | $121,658 |
| Philip Caples | Vice President | $92,270 |
| Mr Fred Holt | Vice President | $79,967 |
| Jerry Pipes | Vice President | $71,204 |
| Mr Norman Miller | Vice President | $64,761 |
Compensation data as of: 7/31/2020
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 8/19/2021. To update the information below, please email: info@ministrywatch.com
History
Founded in 1906, Louisiana College is a private, Baptist coeducational college of liberal arts and sciences with selected professional programs. Built upon the principles of character and learning, the College has a tradition of outstanding academics and is the only Baptist, four-year institution in Louisiana.