2024-11-11T11:27:31-05:00 2024-06-30 Luther Rice College & Seminary 3038 Evans Mill Road Lithonia GA 30038 990 2023-07-01 591197022 Luther Rice College & Seminary Inc LUTH 3038 Evans Mill Road Lithonia GA 30038 Kenneth Kuffrey V P for Finan 7704841204 2024-11-11 true true Kenneth Kuffrey P11111111 6789905288 2024-11-11 2023 2024-10-15 13:58:12Z Steven Steinhilber 4303758 false X www.lutherrice.edu X 1962 GA The mission of Luther Rice College & Seminary is to serve the church and community by providing biblically based on-campus and distance education to Christian men and women for ministry and the marketplace with an end to granting undergraduate and graduate degrees. 7 7 63 0 0 275150 313758 3593701 3652025 236372 329810 604709 8165 4709932 4303758 264259 265759 0 2547673 2615070 0 69998 1445021 1355083 4256953 4235912 452979 67846 8279540 8344114 942821 939549 7336719 7404565 X The mission of Luther Rice College & Seminary is to serve the church and community by providing biblically based on-campus and distance education to Christian men and women for ministry and the marketplace with an end to granting undergraduate and graduate degrees. false false 1609837 Instruction 622212 Academic Support 597423 Student Services 2829472 true true false true false false false false false true true false false true true false true false true false false false true false false false false false true true false false false false true false true false false true false false false false false false false true 17 0 true 63 true false false false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true true true false GA X Kenneth Kuffrey 7704841204 3038 Evans Mill Road Lithonia GA 30038 Steven Steinhilber President 40.00 0.00 X 91843 0 54422 Ken Stokes V P for Information Technol 40.00 0.00 X 106076 0 6424 Evan Posey Executive V P and Provost 40.00 0.00 X 101026 0 6340 Kenneth Kuffrey V P for Financial Affairs 40.00 0.00 X 86944 0 8046 Mark Riser Former Trustee 0.00 0.00 X 100 0 0 Robert Williams Trustee 1.00 0.00 X 50 0 0 Bill Houck Trustee 1.00 0.00 X 50 0 0 Gary Jarnagin Former Trustee 1.00 0.00 X 50 0 0 Lou Souders Trustee 1.00 0.00 X 0 0 0 Brent Purvis Former Trustee 1.00 0.00 X 0 0 0 Tom Powell Trustee 1.00 0.00 X 0 0 0 Daryl Edwards Trustee 1.00 0.00 X 0 0 0 Deborah Wilson Trustee 1.00 0.00 X 0 0 0 Pete Rockett Trustee 1.00 0.00 X 0 0 0 386139 0 75232 2 true false false 40851 272907 778 313758 Tuition and Fees 611600 3652025 3652025 3652025 329753 329753 57 57 57 57 Other Income 611710 8165 8165 8165 4303758 3990000 0 0 196209 196209 69550 69550 473070 101504 341760 29806 1893560 1752284 116023 25253 142755 126433 14627 1695 105685 80788 23151 1746 2500 2500 44373 44373 70 70 126887 23410 103477 170410 170410 8817 7783 1019 15 205982 185384 14419 6179 122999 114389 8610 21730 9679 12051 8345 3305 5023 17 1310 1310 236520 219964 16556 14128 1182 12907 39 Repairs and Maintenance 37159 34558 2601 Student Bad Debts 53168 53168 Merchant Fees 40497 40497 260188 168809 86131 5248 4235912 3095231 1070683 69998 878812 823053 118637 143871 184205 175649 5155156 4161949 1165770 993207 4651370 4842042 40057 31475 1240689 1334817 8279540 8344114 181784 182398 571776 583205 189261 173946 942821 939549 X 6032518 6036091 1304201 1368474 7336719 7404565 8279540 8344114 67846 0 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true false true 70 70 false Activities to influence legislation (Part II-B, lines 1a - 1h) The President, Executive V. P. and Provost, and a faculty member of Luther Rice College & Seminary visited the state capitol to discuss legislation. Expenses incurred were normal, immaterial business expenses (e.g., parking, lunch). No expenses were incurred for anyone other than personnel of Luther Rice College & Seminary Other activities to influence (Part II-B, line 1i) Luther Rice College & Seminary is a member of the National Assocaition of Independent Colleges and Universities (NAICU). The annual membership dues were $871, and NAICU estimates 8% ($70) of dues will be used for lobbying. 1304148 155127 90891 153694 24495 3505 1368472 1311137 177288 63805 112154 127839 8036 1304201 1256118 172778 -35985 75012 6762 1311137 1124736 114200 56616 29424 8256 1754 1256118 801214 418876 14221 109575 1124736 0.84000 0.16000 true false 45600 45600 3132771 2593898 538873 1691370 1430848 260522 285415 137203 148212 993207 GA Baptist Foundation 31475 F 31475 Endowment assets 1123427 Perpetual trusts held by others 37444 Assets held in trust 173946 1334817 Rabbi Trust liability 173946 173946 4037999 4037999 265759 265759 4303758 3970153 3970153 265759 265759 4235912 Endowment funds intended uses (Part V, line 4) Endowment funds should be used for academically-related, operational, or other defined purposes. Other revenues included on Form 990 (Part XI, line 4b) Revenue on the audit report is presented net of scholarship expense. Other expenses included on Form 990 (Part XII, line 4b) Scholarship expense is deducted from the revenue on the audit report rather than reported as an expense. true true true true true true true false false false false false false false false true false true Scholarship Central America and the Caribbean 8 14862 Scholarship Scholarship East Asia and the Pacific 7 350 Scholarship Scholarship Europe including Iceland and Greenland 5 250 Scholarship Scholarship Middle East and North Africa 1 7170 Scholarship Scholarship North America Not the United States 1 50 Scholarship Scholarship South Asia 2 100 Scholarship Scholarship Sub-Saharan Africa 51 46022 Scholarship Assistance for internet Sub-Saharan Africa 3 679 Western Union Scholarship South America 2 100 Scholarship Scholarship Russia and Neighboring States 1 50 Scholarship false false false false false false true Scholarships 196209 Scholarships false false false false false false Mark Riser Former Trustee 100 100 General Explanation Attachment A $100 gift card was given to Mark Riser (Board of Trustees member; 2022-2023) Robert Williams Trustee 50 Gift card Bill Houck Trustee 50 Gift card new Trustee Gary Jarnagin Trustee 50 Gift card new Trustee David Posey Father of Evan Posey 30988 annual compensation as a faculty member false Kenneth Stokes III Son of Ken Stokes II 51000 annual compensation as IT worker false Supplemental Information for Schedule L David Posey is a faculty member for the institution, and he is the father of Evan Posey (Executive V.P. and Provost).Kenneth Stokes, III works in the institutions IT Department, and he is the son of Kenneth Stokes, II (V.P. for Information Technology). X Gift card 1 100 actual value X Edison dic phonograph 1 658 list of comparable X RCA C8-19 radio 1 20 sale of comparable Form 990 governing body review Part VI line 11 Form 990, Part VI, Section B, Line 11b: Before filing Form 990, the V.P. for Financial Affairs uploads a copy of the 990 to the Board of Trustees portal and notifies the Board members of its availability. The Boards Finance Committee Chair must submit his/her approval to the V.P. for Financial Affairs before the Form 990 is filed. Conflict of interest policy compliance Part VI line 12c Form 990, Part VI, Section B, Line 12c: The officers and Board of Trustees annuallysubmit forms. CEO executive director top management comp Part VI line 15a Form 990, Part VI, Section B, Line 15a: A review was performed in the past and the Board of Trustees based the Presidents salary upon that review. Other officer or key employee compensation Part VI line 15b Form 990, Part VI, Section B, Line 15b: The institutions President maintains a review of all salaries versus market data. Salary expense by department/discipline is approved by the Board of Trustees within the Boards approval of the annual budget. Governing documents etc available to public Part VI line 19 Form 990, Part VI, Section C, Line 19: The institutions governing documents and conflict of interest policy are not available to the public. Audited financial statements can be obtained through the Federal Audit Clearinghouse. Part III response or note to any other line in Part III Form 990, Part III, Line 4e: Total program services expenses ($2,829,472) differs from Part IX, Line 25b ($3,095,231) because student aid ($265,759) is subtracted from revenue on the audit report rather than reported as an expense.