LEES-MCRAE COLLEGE INC

LEES-MCRAE COLLEGE INC

BANNER ELK, NC, US
501(c)(3)
EIN
56-0529953
School

LEES-MCRAE COLLEGE INC

BANNER ELK, NC, US
501(c)(3)
EIN
56-0529953
School

Overview

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Est.

1900

Fiscal Year Start

Jun 1

Organization Type

Grantseeker
AI Summary
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LEES-MCRAE COLLEGE INC is a nonprofit organization focused on undergraduate education, dedicated to educating and inspiring students to approach life and work from a creative, collaborative, and critical perspective in preparation for diverse careers and environments. With an operating budget of $26.1 million and total revenue of $36.3 million for the 2024 filing year, the organization does not rely on a single funder for 50% or more of its revenue. More information can be found on their website at www.lmc.edu.

Mission Statement

LEES-MCRAE COLLEGE EDUCATES AND INSPIRES STUDENTS TO APPROACH LIFE AND WORK FROM A CREATIVE, COLLABORATIVE, AND CRITICAL PERSPECTIVE IN PREPARATION FOR DIVERSE CAREERS AND ENVIRONMENTS
Revenues

$36.3M

Expenses

$37.7M

Net Income:
-$1.4M
Assets

$123.2M

Liabilities

$50.8M

Net Assets:
+$72.4M
Operating Budget

$26.1M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

27

Median grant size
$10.5K
Largest grant received
$6.9M
D
DR Herbert L King Jr
Board Member
N
Neil Ramo
Board Member
N
Nancy Hoyt
Board Member

Frequently Asked Questions

What is LEES-MCRAE COLLEGE INC’s budget?
In 2024, LEES-MCRAE COLLEGE INC reported an annual operating budget of around $26.1 million. More detailed financial information is available to registered users.
What causes does LEES-MCRAE COLLEGE INC support?
LEES-MCRAE COLLEGE INC supports work in Undergraduate education.
Where does LEES-MCRAE COLLEGE INC operate?
LEES-MCRAE COLLEGE INC is headquartered in BANNER ELK, NC.
Who funded LEES-MCRAE COLLEGE INC recently?
In 2025, LEES-MCRAE COLLEGE INC received grants from CHARLES A CANNON CHARITABLE TRUST NO 3, CHARLES A CANNON TRUST NO 1, and CECILIA YOUNG WILLARD HELPING FUND. More information on this organization’s funders is available to registered users.
What is the largest grant LEES-MCRAE COLLEGE INC received in 2024?
The largest grant to LEES-MCRAE COLLEGE INC in 2024 exceeds $6.9 million.
What is LEES-MCRAE COLLEGE INC’s reliance on government grants?
LEES-MCRAE COLLEGE INC relied on government grants for less than 5% of their total revenue in 2024.
Overview
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