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LEES-Mcrae College Incorporated

Public charityFed auditsIRS 990
DBA: % SUZETTE FRONK
Other · BANNER ELK, NC · EIN 56-0529953

About

The mission of LEES-mcrae college is to help students broaden their horizons, pursue careers and find their place in the world through education and service.

In care of Suzette Fronk

Donations are tax-deductible
Category
Other
Employees
538
Volunteers
10

Financial Snapshot

FY ending 2024-05-31
Revenue
$36.3M
Expenses
$37.7M
Assets
$123.2M
Liabilities
$50.8M

Financial history

$41.9M$20.9M$0
1718192021222324
RevenueExpenses
Latest FY2024: $36.3M · Peak FY2017: $41.9M · Avg: $36.4M

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$11.7M
LEES-MCRAE COLLEGE INCORPORATED
Your actions

Address

PO BOX 128
Banner ELK, NC, 28604-012

Governance

Voting board members22
Independent members22
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %9.4%
Permanent endowment %65.1%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.