2023-05-04T13:14:41-05:00 2022-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2021-07-01 391453493 LAC COURTE OREILLES OJIBWE UNIVERSITY LACC 7156344790 13466 WEST TREPANIA ROAD HAYWARD WI 54843 LYDIA DENASHA CFO 7156344790 2023-04-26 1 LYDIA DENASHA 999009999 MICHAEL J PETERSON CPA P01833529 2187224705 2023-04-26 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z X LYDIA DENASHA 13466 WEST TREPANIA ROAD HAYWARD WI 54843 15322283 0 X WWW.LCO.EDU X 1982 WI THE LAC COURTE OREILLES OJIBWE UNIVERSITY MISSION IS TO PROVIDE ANISHINAABE COMMUNITIES WITH POST-SECONDARY AND CONTINUING EDUCATION WHILE ADVANCING THE LANGUAGE, CULTURE, AND HISTORY OF THE OJIBWE. IN CARRYING OUT THE MISSION, THE LAC COURTE OREILLES OJIBWE UNIVERSITY CURRICULUM WILL REFLECT OJIBWE CULTURE AND TRIBAL SELF-DETERMINATION. THE UNIVERSITY WILL PROVIDE OPPORTUNITIES FOR INDIVIDUAL SELF-IMPROVEMENT IN A RAPIDLY CHANGING TECHNOLOGICAL WORLD, WHILE MAINTAINING THE CULTURAL INTEGRITY OF THE OJIBWE. 7 7 178 0 0 0 8549003 13601839 1150438 1023667 181031 125279 349517 30727 10229989 14781512 81314 1125174 0 0 4528238 5174177 0 0 0 3165173 2895822 7774725 9195173 2455264 5586339 16000980 22739955 4285384 5865151 11715596 16874804 X THE LAC COURTE OREILLES OJIBWE UNIVERSITY MISSION IS TO PROVIDE ANISHINAABE COMMUNITIES WITH POST-SECONDARY AND CONTINUING EDUCATION WHILE ADVANCING THE LANGUAGE, CULTURE, AND HISTORY OF THE OJIBWE. IN CARRYING OUT THE MISSION, THE LAC COURTES OREILLES OJIBWE UNIVERSITY CURRICULUM WILL REFLECT OJIBWE CULTURE AND TRIBAL SELF-DETERMINATION. THE UNIVERSITY WILL PROVIDE OPPORTUNITIES FOR INDIVIDUAL SELF-IMPROVEMENT IN A RAPIDLY CHANGING TECHNOLOGICAL WORLD, WHILE MAINTAINING THE CULTURAL INTEGRITY OF THE OJIBWE. 0 0 6324875 1125174 1023667 PROVIDED INSTRUCTION IN ASSOCIATE DEGREE, BACHELOR DEGREE, MASTER DEGREE, DIPLOMA, AND CONTINUING EDUCATION PROGRAMS TO APPROXIMATELY 466 STUDENTS. 6324875 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 178 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 WI X LYDIA DENASHA 7156344790 13466 WEST TREPANIA ROAD HAYWARD WI 54843 JASON BISONETTE CHAIR 2.00 X X 2200 0 0 MONICA CHASE VICE CHAIR 2.00 X X 2400 0 0 DARYL COONS JR SECRETARY 2.00 X X 2200 0 0 MARIE BASTY TREASURER 2.00 X X 2200 0 0 KYLE VAN ACKER DIRECTOR 2.00 X 2200 0 0 GARY GERBER DIRECTOR 2.00 X 2200 0 0 MELISSA LEWIS DIRECTOR 2.00 X 2200 0 0 RUSSELL SWAGGER PRESIDENT 40.00 X 187806 0 28779 LYDIA DENASHA CFO 40.00 X 72113 0 11370 275519 0 40149 1 0 1 0 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 SOFTWARE PURCHASE 3003248 EPA AUDIO VISUAL INC 7910 STATE HWY 55 ROCKFORD MN 55373 AV/IT UPGRADES 667905 ACE ELECTRICAL CONTRACTORS INC 8300 10TH AVENUE NORTH GOLDEN VALLEY MN 55427 GENERATOR/NETWORK CABLING 379448 DBS GROUP LLC 2700 NATIONAL DRIVE SUITE 101 ONALASKA WI 54650 BATHROOM PROJECT UPGRADES 224130 DSC COMMUNICATIONS 711 HAMMOND AVE SUPERIOR WI 54880 CAMERA/FIBER SERVICES 102007 5 28077 13074472 499290 13601839 TUITION AND FEES 611600 1023667 1023667 1023667 158172 158172 453193 446623 39463 6570 -39463 -32893 -32893 3060 28077 18789 -15729 -15729 30500 35896 -5396 -5396 51852 51852 51852 14781512 1023667 0 156006 1125174 1125174 291488 291488 3904721 2874987 1029734 84600 54393 30207 591415 423729 167686 301953 206668 95285 35744 3600 32144 41569 41569 15274 15274 91257 91257 80929 76435 4494 524209 289480 234729 468199 42089 426110 385097 235466 149631 171952 134230 37722 47167 47167 640131 640131 13156 13156 EVENTS 131791 83196 48595 EQUIPMENT 60299 1341 58958 MEMBERSHIP DUES 60184 17346 42838 128864 25353 103511 9195173 6324875 2870298 0 350 350 4604936 6335338 262895 326082 129231 32286 36374 53255 17903536 6125224 6513657 11778312 4308339 4069134 145198 145198 16000980 22739955 638335 780180 3647049 5084971 4285384 5865151 X 7262058 12660472 4453538 4214332 11715596 16874804 16000980 22739955 5586339 -427131 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4453538 -94008 145198 4214332 3767469 145198 540871 4453538 3826419 -18981 39969 3767469 3505046 99820 224053 2500 3826419 3553413 -9549 38818 3505046 1.00000 0 0 9514730 4634493 4880237 3730696 1490731 2239965 4658110 4658110 11778312 X 13396369 -427131 -978634 -1405765 14802134 15274 -35896 -20622 14781512 8237161 35896 35896 8201265 15274 978634 993908 9195173 PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED WITH THE ASSISTANCE OF THE DEPARTMENT OF INTERIOR - BUREAU OF INDIAN AFFAIRS AND THE DEPARTMENT OF EDUCATION WITH MATCHING CONTRIBUTIONS FROM PRIVATE AND INTERNAL SOURCES. THE EARNINGS ON THE ENDOWMENT CAN BE USED AT THE DISCRETION OF MANAGEMENT TO FUND UNIVERSITY OPERATIONS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND COMPARABLE STATE LAW. HOWEVER, UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE UNIVERSITY IS REQUIRED TO ASSESS WHETHER IT IS MORE-LIKELY-THAN-NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF THE INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THE POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE UNIVERSITY HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT GRANT AID -978,634. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -35,896. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 35,896. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT GRANT AID 978,634. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE INFORMATION IS POSTED ON THE INSTITUTATION'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES THE FOLLOWING GOVERNMENTAL FINANCIAL AID AND ASSISTANCE: PELL GRANT, FEDERAL WORK STUDY, FSEOG (DEPT OF ED) WISCONSIN STATE GRANTS SEVEN GENERATIONS 16562 16562 11429 ANNUAL GOLF EVENT 14575 11515 3060 4800 2560 31137 28077 3060 4800 2560 11429 18789 -15729 0 SCHOLARSHIPS 78 146540 STUDENT GRANT AID 79 978634 X X X 0 0 0 0 0 0 0 0 0 RUSSELL SWAGGER PRESIDENT 159545 0 20000 0 8261 0 10408 0 18371 0 216585 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE INSTITUTION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE INSTITUTION'S INDEPENDENT PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. THE FORM 990 IS REVIEWED BY CFO AND PRESIDENT. THE FORM 990 IS THEN PRESENTED TO THE BOARD OF REGENTS FOR THEIR APPROVAL PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION FOLLOWS THE LAC COURTE OREILLES CHARTER AUTHORITY FOR THEIR CONFLICT OF INTEREST POLICY. THE POLICY STATES THAT THE CHARTER AUTHORITY SHALL NOT ENTER INTO ANY CONTRACTS OR TRANSACTIONS WITH (A) ONE OR MORE MEMBERS OF THE CHARTER AUTHORITY; OR AN ORGANIZATION IN WHICH A MEMBER IS A DIRECTOR, OFFICER, OR LEGAL REPRESENTATIVE OR HAS A MATERIAL FINANCIAL INTEREST. AN EXCEPTION TO THIS RULE IS PERMISSIBLE WHEN THE MATERIAL FACTS OF THE CONTRACT OR TRANSACTION IN THE BOARD MEMBER'S INTEREST ARE FULLY DISCLOSED OR MADE KNOWN TO THE CHARTER AUTHORITY, AND THE CHARTER AUTHORITY AUTHORIZES, APPROVES, OR RATIFIES THE CONTRACT OR TRANSACTION IN GOOD FAITH BY AN AFFIRMATIVE VOTE OF A MAJORITY OF THE CHARTER AUTHORITY AT A MEETING IN WHICH THERE WAS A QUORUM WITHOUT COUNTING THE INTERESTED MEMBER. ALL CHARTER AUTHORITY MEMBERS SHALL DISCHARGE THEIR DUTIES IN GOOD FAITH AND IN A MANNER THAT THE MEMBER REASONABLY BELIEVES IS IN THE BEST INTEREST OF THE CHARTER AUTHORITY, AND WITH DUE DILIGENCE THAT AN ORDINARILY PRUDENT PERSON IN A SIMILAR POSITION WOULD EXERCISE UNDER SIMILAR CIRCUMSTANCES. IT IS EXPECTED THAT ALL MEMBERS WILL WORK IN A COMPETENT AND PROFESSIONAL MANNER THAT REFLECTS FAVORABLY ON THE CHARTER AUTHORITY AND THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15A TO DETERMINE THE PRESIDENT'S SALARY, THE HR DIRECTOR COMPLETES A MARKET ANALYSIS AMONG LIKE INSTITUTIONS AND PROVIDES THE DATA TO THE GOVERNING BOARD. THE GOVERNING BOARD DETERMINES THE SALARY BASED ON THIS DATA AND FISCAL RESOURCES; THEN A WRITTEN EMPLOYMENT CONTRACT IS CREATED. TO DETERMINE OTHER OFFICER'S AND KEY EMPLOYEES' SALARY, THE HR DIRECTOR COMPLETES A MARKET ANALYSIS AMONG LIKE INSTITUTIONS AND PROVIDES THIS DATA TO THE PRESIDENT TO REVIEW. THE PRESIDENT MAKES THE FINAL DECISION ON THE COMPENSATION AWARDED AND AUTHORIZES A WRITTEN EMPLOYMENT CONTRACT. THE PROCESS WAS LAST UNDERTAKEN IN 2019. FORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE INSTITUTION DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.