Nonprofit · EIN 62-0485733
LIPSCOMB UNIVERSITY
Tax-exempt · NASHVILLE, TN 37204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $272,059,219 | $254,889,018 | $17,170,201 | $474,908,065 | $239,182,826 | $235,725,239 |
| May 31, 2024 | 990 | $242,542,412 | $243,688,539 | -$1,146,127 | $460,159,047 | $246,671,486 | $213,487,561 |
| May 31, 2023 | 990 | $228,207,955 | $235,575,959 | -$7,368,004 | $455,099,629 | $251,766,518 | $203,333,111 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $29,248,517
- of which government grants
- $3,382,235
- Program service revenue
- $220,898,035
- Investment income
- $5,996,195
- Net rental income
- $1,318,102
- Net gain from sales of assets
- $3,519,767
- Net income from fundraising events
- $23,885
- Other revenue
- $15,916,472
Expenses
- Grants and similar amounts paid
- $67,084,375
- Compensation of officers, directors and key employees
- $1,632,395
- Other salaries and wages
- $80,037,110
- Salaries, compensation and benefits (total)
- $96,904,273
- Professional fundraising fees
- $0
- Legal fees
- $104,665
- Accounting fees
- $222,070
- Occupancy
- $3,583,382
- Travel
- $6,681,607
- Depreciation
- $14,367,233
- Program services (functional)
- $213,470,449
- Management and general (functional)
- $37,828,180
- Fundraising (functional)
- $3,590,389
Balance sheet and other
- Total assets, start of year
- $460,159,047
- Total assets, end of year
- $474,908,065
- Total liabilities, end of year
- $239,182,826
- Net assets, end of year
- $235,725,239
- Land, buildings and equipment
- $293,541,971
- Publicly traded securities
- $485,675
- Net assets without donor restrictions
- $90,794,612
- Net assets with donor restrictions
- $144,930,627
- Gross unrelated business income
- $1,135,623
- Gross receipts
- $294,983,197
- Employees
- 2,579
- Volunteers
- 200
- Year formed
- 1891
- 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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CANDICE MCQUEEN | PRESIDENT Trustee or director, Officer | 40 | $684,752 | $37,388 |
| CHARLES ACUFF | COACH Highest-paid employee | 40 | $365,213 | $37,722 |
| BRAD SCHULTZ | HEAD OF SCHOOL Key employee | 40 | $315,605 | $39,177 |
| KEITH HINKLE | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $285,773 | $40,120 |
| PHIL HUTCHESON | DIRECTOR OF ATHLETICS Highest-paid employee | 40 | $273,729 | $41,285 |
| JENNIFER SHEWMAKER | PROVOST Key employee | 40 | $258,648 | $47,503 |
| THOMAS CAMPBELL | DEAN, COLLEGE OF PHARMACY Highest-paid employee | 40 | $264,165 | $30,157 |
| JEFFREY BAUGHN | SR V.P. OF FIN & TECH Officer | 40 | $220,737 | $28,585 |
| CHARLES R ELDRIDGE | DEAN EMERITUS Highest-paid employee | 40 | $232,304 | $11,513 |
| RICHARD G COWART | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GERALD COGGIN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BENNIE HARRIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LISA PIERCEY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL F ADAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BUDDY BELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERNIE CLEVENGER | TRUSTEE Trustee or director | 1 | $0 |
| MORGAN W DAVIS | TRUSTEE Trustee or director | 1 | $0 |
| MITCH EDGEWORTH | TRUSTEE Trustee or director | 1 | $0 |
| TONY GIARRATANA | TRUSTEE Trustee or director | 1 | $0 |
| BART HARPER | TRUSTEE Trustee or director | 1 | $0 |
| VAN HENLEY | TRUSTEE Trustee or director | 1 | $0 |
| SHANE HOOPER | TRUSTEE Trustee or director | 1 | $0 |
| RONNIE HUNTER | TRUSTEE Trustee or director | 1 | $0 |
| TOM INGRAM | TRUSTEE Trustee or director | 1 | $0 |
| TERRY KOONCE | TRUSTEE Trustee or director | 1 | $0 |
| MARK LANIER | TRUSTEE Trustee or director | 1 | $0 |
| JOHN LITTLE | TRUSTEE Trustee or director | 1 | $0 |
| BILLY LONG | TRUSTEE Trustee or director | 1 | $0 |
| JEFF MCGRUDER | TRUSTEE Trustee or director | 1 | $0 |
| SUE NOKES | TRUSTEE Trustee or director | 1 | $0 |
| PHILIP M PFEFFER | TRUSTEE Trustee or director | 1 | $0 |
| VICKI SENSING SMITH | TRUSTEE Trustee or director | 1 | $0 |
| NEIKA B STEPHENS | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CANDICE MCQUEEN | PRESIDENT Trustee or director, Officer | 40 | $569,195 | $23,793 |
| CHARLES ACUFF | COACH Highest-paid employee | 40 | $362,278 | $37,102 |
| DAVID WILSON | GENERAL COUNSEL Highest-paid employee | 40 | $352,151 | $36,241 |
| BRAD SCHULTZ | HEAD OF SCHOOL Key employee | 40 | $317,871 | $38,225 |
| PHIL HUTCHESON | DIRECTOR OF ATHLETICS Highest-paid employee | 40 | $262,350 | $39,919 |
| JENNIFER SHEWMAKER | PROVOST Key employee | 40 | $266,208 | $28,584 |
| KEITH HINKLE | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $240,053 | $35,529 |
| THOMAS CAMPBELL | DEAN, COLLEGE OF PHARMACY Highest-paid employee | 40 | $241,582 | $28,406 |
| MATT PADEN | EXECUTIVE VICE PRESIDENT (FORMER) Former | 40 | $233,597 | $34,006 |
| JEFFREY BAUGHN | SR V.P. OF FIN & TECH Officer | 40 | $205,394 | $28,554 |
| LLOYD R LOWRY III | PRESIDENT EMERITUS (FORMER) Former | 40 | $136,517 | $75,051 |
| RICHARD G COWART | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GERALD COGGIN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BENNIE HARRIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LISA PIERCEY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL F ADAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BUDDY BELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERNIE CLEVENGER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MORGAN W DAVIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MITCH EDGEWORTH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TONY GIARRATANA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BART HARPER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VAN HENLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHANE HOOPER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RONNIE HUNTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TOM INGRAM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTY KITTRELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TERRY KOONCE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK LANIER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN LITTLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BILLY LONG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFF MCGRUDER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUE NOKES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PHILIP M PFEFFER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VICKI SENSING SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID L SOLOMON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NEIKA B STEPHENS | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 59 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CANDICE MCQUEEN | PRESIDENT Officer | 40 | $680,508 | $13,707 |
| RANDY R LOWRY III | PRESIDENT EMERITUS Officer | 40 | $410,728 | $117,437 |
| CHARLES ACUFF | COACH Highest-paid employee | 40 | $339,006 | $29,885 |
| BRAD SCHULTZ | HEAD OF SCHOOL Officer | 40 | $279,291 | $29,334 |
| PHIL HUTCHESON | DIRECTOR OF ATHLETICS Officer | 40 | $250,791 | $32,413 |
| QUINCY BYRDSONG | V. PROVOST OF HEALTH AFFR Key employee | 40 | $244,780 | $22,306 |
| THOMAS CAMPBELL | DEAN, COLLEGE OF PHARMACY Highest-paid employee | 40 | $230,047 | $27,752 |
| MATT PADEN | EXECUTIVE VICE PRESIDENT Officer | 40 | $211,897 | $28,333 |
| R MICHAEL FERNANDEZ | DEAN COLLEGE OF ENT & ART Key employee | 40 | $210,591 | $25,602 |
| JEFFREY BAUGHN | SR V.P. OF FIN & TECH Officer | 40 | $208,214 | $27,013 |
| CHARLES R ELDRIDGE | DEAN OF COLLEGE OF BUS Key employee | 40 | $222,115 | $10,442 |
| JEFFREY FOREHAND | COACH Highest-paid employee | 40 | $201,355 | $24,570 |
| WATLER BLEDSOE | SPECIAL ADVISOR Highest-paid employee | 40 | $209,490 | $9,460 |
| PARKER ELROD | DEAN, COLLEGE OF ENGIN Key employee | 40 | $205,267 | $9,698 |
| CHRISTY HOOPER | V. P. OF HUMAN RESOURCES Officer | 40 | $174,995 | $27,948 |
| ROBERT YOUNG | ASSISTANT PROFESSOR Highest-paid employee | 40 | $170,274 | $27,457 |
| DAVID WILSON | GENERAL COUNSEL Officer | 40 | $164,401 | $28,005 |
| BRETT HINSON | V. P. OF INFORMATION TECH Officer | 40 | $170,049 | $21,345 |
| DARRELL DUNCAN | VICE PRESIDENT OF FINANCE Officer | 40 | $151,344 | $35,657 |
| KEVIN EIDSON | DIR OF HEALTH & WELLNESS Officer | 40 | $162,234 | $21,502 |
| DAVID HOLMES | DEAN, LIB ARTS & SCIENCES Key employee | 40 | $155,584 | $25,136 |
| STEVEN JOINER | EXECUTIVE DIRECTOR ICM Officer | 40 | $147,877 | $24,089 |
| BYRON LEWIS | V. P. OF ENRL MANAGEMENT Officer | 40 | $141,800 | $22,834 |
| HOPE NORDSTROM | SPEC COUNS TO PRES-STRATE Officer | 40 | $143,631 | $18,877 |
| WILLIAM TURNER | DISTINGUISHED PROFESSOR Officer | 40 | $136,067 | $23,115 |
| DAVE BRUNO | VICE PRESIDENT OF MKTG Officer | 40 | $127,711 | $21,997 |
| KIM CHAUDOIN | VP OF PR & COMMUNICATION Officer | 40 | $119,128 | $5,352 |
| BRENT CULBERSON | VP OF COMMUNITY RELATIONS Officer | 40 | $100,254 | $17,717 |
| KEITH HINKLE | SENIOR VICE PRESIDENT Officer | 40 | $99,119 | $8,287 |
| SCOTT SAGER | V. P. OF CHURCH SERVICES Officer | 40 | $84,045 | $23,045 |
| JENNIFER SHEWMAKER | PROVOST Officer | 40 | $95,948 | $6,094 |
| LINDSAY BALES | CHIEF OF STAFF Officer | 40 | $80,615 | $12,622 |
| MICHAEL F ADAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BUDDY BELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERNIE CLEVENGER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD G COWART | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DIANE CREEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MORGAN W DAVIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MITCH EDGEWORTH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES GRIFFITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BART HARPER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BENNIE HARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VAN HENLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TOM INGRAM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTY KITTRELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TERRY KOONCE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK LANIER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN LITTLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BILLY LONG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LISA PIERCEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GERALD COGGIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VICKI SENSING SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID L SOLOMON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NEIKA B STEPHENS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHANE HOOPER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFF MCGRUDER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUE NOKES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PHILIP M PFEFFER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY DALE | CHIEF OF CAMPUS SECURITY Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 UNIVERSITY PARK DR, NASHVILLE, TN 37204-3956
- In care of
- % DIANA STALEY
- Principal officer (990 for 2024)
- JEFFREY BAUGHN, ONE UNIVERSITY PARK DRIVE, NASHVILLE, TN 372043951
- Signed the 990
- JEFFREY BAUGHN, SENIOR VP FOR FINANCE & TECHNOLOGY
- Phone
- (615) 966-1000
- Website
- WWW.LIPSCOMB.EDU
- Return prepared by
- LBMC PC
Mission
WE ARE A CHRIST-CENTERED COMMUNITY PREPARING LEARNERS FOR PURPOSEFUL LIVES THROUGH RIGOROUS ACADEMICS AND TRANSFORMATIVE EXPERIENCES.
Program accomplishments
- INSTRUCTIONAL EXPENSES:CLASSROOM AND ONLINE AND GLOBAL INSTRUCTION IN A COLLABORATIVE CHRISTIAN LIBERAL ARTS LEARNING ENVIRONMENT FROM PRE-KINDERGARTEN THROUGH THE DOCTORAL LEVEL AND BEYOND WITH LIFELONG LEARNING.Expenses $135,293,273 · grants $67,084,375 · revenue $196,635,930
- STUDENT SERVICES:ENGAGING STUDENT LIFE IN A DYNAMIC AND DIVERSE COMMUNITY THAT GIVES STUDENTS THE OPPORTUNITY TO BE REAL WITH THEMSELVES AND EACH OTHER WHILE PROVIDING OPPORTUNITIES FOR SPIRITUAL FAITH DEVELOPMENT THROUGH SERVICE AND LEARNING.Expenses $36,741,565
- AUXILIARY ENTERPRISES:PROVIDES STUDENTS WITH THE ENGAGING ON-CAMPUS LIPSCOMB EXPERIENCE. STUDENTS WHO LIVE ON CAMPUS TYPICALLY EXPERIENCE A STRONG SENSE OF POSITIVE COMMUNITY.Expenses $19,660,831 · revenue $23,426,041
- ACADEMIC SUPPORT:INCLUDES ACADEMIC COUNSELING & TESTING SERVICES, ACADEMIC PROGRAM DEVELOPMENT, UNIVERSITY DEANS, INSTRUCTIONAL TECHNOLOGY, LIBRARY SERVICES, AND OTHER AREAS DESIGNED TO ENHANCE A STUDENT'S LEARNING EXPERIENCE AND THE OVERALL QUALITY OF A STUDENT'S EDUCATION.Expenses $20,808,991
- PUBLIC SERVICES:INCLUDES COMMUNITY OUTREACH ACTIVITIES, SPIRITUAL FORMATION ACTIVITIES, AND SUSTAINABILITY WHERE LIPSCOMB CAN POSITIVELY IMPACT COMMUNITIES AND THE ENVIRONMENT.Expenses $965,789
- RESEARCH:INCLUDES POTENTIAL DISCOVERIES OF NEW OUTCOMES WITH A GOAL OF ADVANCING PROGRESS BOTH INSTITUTIONALLY AND GLOBALLY.
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
- 62-0485733
- 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
- 1940
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $474,908,065
- Income (IRS master file)
- $294,983,197
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $272,059,219 | $254,889,018 | $474,908,065 | XML |
| 990-T | May 2025 | – | – | – | IRS |
| 990 | May 2024 | $242,542,412 | $243,688,539 | $460,159,047 | XML |
| 990-T | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $228,207,955 | $235,575,959 | $455,099,629 | XML |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | $227,470,382 | $227,963,545 | $484,056,410 | IRS |
| 990-T | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-T | 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 62-0485733).
Questions about LIPSCOMB UNIVERSITY
- What is the EIN of LIPSCOMB UNIVERSITY?
- The employer identification number (EIN) of LIPSCOMB UNIVERSITY is 62-0485733.
- Is LIPSCOMB UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1940.
- Are donations to LIPSCOMB UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIPSCOMB UNIVERSITY 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 LIPSCOMB UNIVERSITY 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 LIPSCOMB UNIVERSITY 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 LIPSCOMB UNIVERSITY?
- The 990 for the year ended May 31, 2025 names JEFFREY BAUGHN.
- Who are the officers and directors of LIPSCOMB UNIVERSITY?
- The 990 for the year ended May 31, 2025 lists 33 people; 9 received compensation from the organization, the highest $684,752 (CANDICE MCQUEEN, PRESIDENT).
- How much revenue does LIPSCOMB UNIVERSITY have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $272,059,219, expenses of $254,889,018 and total assets of $474,908,065 at year end.
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