Louisiana College Shows $1.3 Million Deficit for Fiscal Year

Lauren Williams's picture

Louisiana College had about a $1.3 million deficit in the 2011-12 fiscal year after spending $4.7 million on construction projects.

The private Baptist college in Pineville typically does not disclose its financial records, but an overview can be found on the 990 forms the school — as a tax-exempt organization — is required to file with the Internal Revenue Service.

The deficit is the second in four years for LC but has not been a pattern.

“There was a deficit of $3.6 million reported for fiscal year ending July 31, 2009, which was attributable to the stock market decline,” President Joe Aguillard said in an email. “These losses were fully recovered over the next two fiscal years.”