2020-03-05T17:53:03-06:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2018-07-01 390821861 LAKELAND UNIVERSITY LAKE 9205651000 W3718 SOUTH DR PLYMOUTH WI 53073 AMY WIRTZ VP FOR FINANCE AND OPERATIONS 9205651000 2020-03-05 1 TROY MARINE CPA P00187863 4147775500 2020-03-05 38.122.82.115 2020-03-05 12:23:11 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 793A1E00ACF041F16FD41A7A782950CAF62641F6 2018 2020-09-23 17:36:50Z AMY WIRTZ W3718 SOUTH DR PLYMOUTH WI 53073 56652370 0 X WWW.LAKELAND.EDU X 1862 WI LAKELAND UNIVERSITY EDUCATES WOMEN AND MEN OF DIVERSE BACKGROUNDS, PREPARING THEM TO THINK CRITICALLY, TO COMMUNICATE EFFECTIVELY, TO SUCCEED PROFESSIONALLY, AND TO LEAD ETHICAL, PURPOSEFUL, AND FULFILLING LIVES. ROOTED IN THE VALUES OF THE UNITED CHURCH OF CHRIST, LAKELAND INTEGRATES THE LIBERAL ARTS AND EXPERIENTIAL LEARNING TO DEVELOP THE WHOLE PERSON FOR SUCCESS IN A DYNAMIC, MULTI-FACETED WORLD. 25 25 1059 50 -62426 0 9379001 13679361 37216452 38908857 264095 -187750 1016120 1227966 47875668 53628434 14741166 16958705 0 0 17110402 18007006 0 0 806850 14235699 14543388 46087267 49509099 1788401 4119335 60519062 60192269 28878261 24072259 31640801 36120010 X LAKELAND UNIVERSITY EDUCATES WOMEN AND MEN OF DIVERSE BACKGROUNDS, PREPARING THEM TO THINK CRITICALLY, TO COMMUNICATE EFFECTIVELY, TO SUCCEED PROFESSIONALLY, AND TO LEAD ETHICAL, PURPOSEFUL, AND FULFILLING LIVES. ROOTED IN THE VALUES OF THE UNITED CHURCH OF CHRIST, LAKELAND INTEGRATES THE LIBERAL ARTS AND EXPERIENTIAL LEARNING TO DEVELOP THE WHOLE PERSON FOR SUCCESS IN A DYNAMIC, MULTI-FACETED WORLD. 0 1 20859819 16958705 35220977 INSTRUCTION AND RELATED ACTIVITIES INCLUDE EXPENDITURES FOR ALL INSTRUCTION COSTS, INCLUDING GRANTS, AND RELATED ACTIVITIES. 10871826 107874 ACADEMIC SUPPORT EXPENSES PROVIDE FUNDING FOR ADMINISTRATIVE OVERSIGHT IN ACADEMIC PROGRAMMING, LIBRARY SERVICES, TUTORING, ACCREDITATION, INSTRUCTIONAL DESIGN AND COMPUTING. ADDITIONALLY, STUDENT SERVICES EXPENSES PROVIDE FUNDING TO STUDENTS INCLUDING FOR ATHLETICS, HEALTH SERVICES, REGISTRATION, FINANCIAL AID, AND SECURITY. 5410709 3299500 AUXILIARY SERVICES INCLUDE EXPENDITURES FOR DINING SERVICES, RESIDENCE LIFE, AND RELATED ACTIVITIES. 7768509 1585772 7768509 1585772 44910863 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 126 0 1 1059 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 WI X X AMY WIRTZ 9205651000 W3718 SOUTH DR PLYMOUTH WI 53073 BARBARA S GANNON BOARD CHAIR 1.00 X X 0 0 0 TRYG JACOBSON SECRETARY 1.00 X X 0 0 0 DEBRA A ANSAY BOARD MEMBER 1.00 X 0 0 0 JOSE ARAUJO BOARD MEMBER 1.00 X 0 0 0 PAUL BARTELT BOARD MEMBER 1.00 X 0 0 0 WENDY BEMIS BOARD MEMBER 1.00 X 0 0 0 STUART W BROTZ BOARD MEMBER 1.00 X 0 0 0 CAITLIN BROT-MCNITT BOARD MEMBER 1.00 X 0 0 0 RICHARD L ENSWEILER BOARD MEMBER 1.00 X 0 0 0 BONITA GRAFF BOARD MEMBER 1.00 X 0 0 0 IRVIN KAAGE BOARD MEMBER 1.00 X 0 0 0 LORI KNITT BOARD MEMBER 1.00 X 0 0 0 ROBERT L LOFFREDO BOARD MEMBER 1.00 X 0 0 0 ROBERT T MELZER BOARD MEMBER 1.00 X 0 0 0 DAVID R PIERCE BOARD MEMBER 1.00 X 0 0 0 KATHIE POWERS BOARD MEMBER 1.00 X 0 0 0 LOLA ROEH BOARD MEMBER 1.00 X 0 0 0 CARLA E SALMON BOARD MEMBER 1.00 X 0 0 0 REV STEPHEN SAVIDES BOARD MEMBER 1.00 X 0 0 0 FREDRIC A SEEFELDT BOARD MEMBER 1.00 X 0 0 0 DAVID SENTY BOARD MEMBER 1.00 X 0 0 0 WILLIAM C SHELDON BOARD MEMBER 1.00 X 0 0 0 JEFFREY D SPENCE BOARD MEMBER 1.00 X 0 0 0 WALLY WALDHART BOARD MEMBER 1.00 X 0 0 0 DEBORAH G WENTE BOARD MEMBER 1.00 X 0 0 0 DAVID R BLACK PRESIDENT 50.00 X 176115 0 5062 ELIZABETH BORGEN EXECUTIVE VICE PRESIDENT 50.00 X 130594 0 4997 MARGARET ALBRINCK PROVOST VICE PRESIDENT FOR ACADEMIC AFFAIRS 50.00 X 129560 0 17080 RICHARD HAEN ASSOCIATE VICE PRESIDENT OF OPERATIONS 50.00 X 69435 0 9901 AMY WIRTZ VICE PRESIDENT FOR FINANCE AND OPERATIONS 50.00 X 86936 0 10413 JANE BOUCHE INTERIM VICE PRESIDENT FOR KELLETT 50.00 X 80025 0 11477 MEHRABAN KHODAVAND PROF OF EDU & PSYCH, DIR OF GRAD ED PROGRAMS 50.00 X 97233 0 19838 M SCOTT NIEDERJOHN DEAN OF SCHOOL OF BUSINESS & ENTREPRENEURSHIP 50.00 X 141065 0 14760 APRIL ARVAN ASSOC PROF SPORT MGMT & LEADERSHIP, ASSOC DIR ATHLETICS 50.00 X 102406 0 6358 1013369 0 99886 6 0 1 0 THE BOLDT COMPANY 2525 N ROEMER RD APPLETON WI 54912 CONSTRUCTION 3240723 A CHAPPA CONSTRUCTION 443 N MAIN STREET SHEBOYGAN FALLS WI 53085 CONSTRUCTION 600346 KHROME LLC 340 N BROADWAY SUITE 400 GREEN BAY WI 54303 MARKETING PROFESSIONAL SERVICES 471706 LAFORCE INC PO BOX 10068 GREEN BAY WI 54307 DOOR LOCKS/KEY CARDS 435284 HONEY CREEK IV LLC 9000 CHESTER ST SUITE 200 MILWAUKEE WI 53214 LANDLORD (MILWAUKEE CENTER) 391179 27 125073 395555 6971078 6187655 172183 13679361 EDUCATION, TUITION AND FEES 611600 35220977 35220977 AUXILIARY SERVICES 611600 3301788 3299500 2288 OTHER PROGRAM REVENUE 611710 278218 278218 INSTRUCTION ACTIVITIES 611600 107874 107874 38908857 283700 283700 1617 66331 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2721107 11428743 12296681 5157431 2010387 2425018 2636470 28878261 24072259 X 19405620 29704136 12100442 0 134739 6415874 31640801 36120010 60519062 60192269 X 4119335 228118 131758 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 189428 X X 0 17197269 250308 942681 393855 51787 17944616 16313944 191506 1190429 448219 50391 17197269 14876423 222883 1655976 395326 46012 16313944 14878562 272061 74463 304890 43773 14876423 14621357 388250 79912 466299 45344 14577876 0.16250 0.83750 0.00000 0 1 1 1698324 1698324 49975523 24708895 25266628 832724 297749 534975 8624131 5842970 2781161 19723767 12019319 7704448 37985536 POST RETIREMENT 979201 ASSETS RETIREMENT OBLIGATION 577865 INTEREST RATE EXCHANGE AGREEMENTS 270736 ANNUITY OBLIGATIONS 186502 STUDENT DEPOSITS 214819 AGENCY FUNDS 407347 2636470 X 37917435 228118 228118 37689317 13569 15925548 15939117 53628434 33438224 0 33438224 13569 16057306 16070875 49509099 PART III, LINE 4: WORKS OF ART ARE INCLUDED WITH THE UNIVERSITY'S ASSETS, AND ON DISPLAY ON CAMPUS FOR PUBLIC VIEWING. PART X, LINE 2: THE UNIVERSITY AND THE FOUNDATION ARE EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 71.26(1)(A) OF THE WISCONSIN STATUTES, RESPECTIVELY. HOWEVER, THE UNIVERSITY IS SUBJECT TO INCOME TAXES ON ANY INCOME THAT IS DERIVED FROM A TRADE OF BUSINESS REGULARLY CARRIED ON AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS NET INCOME, IF ANY, FROM UNRELATED TRADE OR BUSINESS IS INSIGNIFICANT. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019 OR 2018. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 16,958,705. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYBALE -27,908. UNREALIZED LOSS ON SWAP 150,874. ACCRETION EXPENSE 113,931. COST OF GOODS SOLD -835,068. RENTAL EXPENSES -66,331. ADJUSTMENT FOR NET ASSETS RELEASED FROM RESTRICTIONS -395,555. ADJUSTMENT FOR MATURED ANNUITIES 26,900. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 16,958,705. COST OF GOODS SOLD -835,068. RENTAL EXPENSES -66,331. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL APPLICATIONS AND ADVERTISING CONTAIN STATEMENTS AS TO THE NONDISCRIMINATORY POLICY OF THE UNIVERSITY. SCHEDULE E, PART I, LINE 6 LAKELAND UNIVERSITY DID NOT RECEIVE ANY FEDERAL OR STATE GRANTS IN FISCAL YEAR 2018-2019. GALA EVENT 133648 125073 8575 18500 17661 4603 BLASTERS GOLF TOURNAMENT 29059 29059 7910 3666 169 162707 125073 37634 26410 21327 4772 52509 -14875 1 FEDERAL GRANTS 827 2869544 FEDERAL WORK STUDY 265 870459 INSTITUTIONAL GRANTS 857 11446233 OUTSIDE GRANTS 249 923418 STATE GRANTS 286 849051 PART I, LINE 2: ALL GRANTS ARE DISBURSED TO THE STUDENTS ACCOUNTS DIRECTLY, ACCORDING TO GOVERNMENT REGULATIONS. ALL OUTSIDE GRANTS ARE APPLIED TO THE STUDENTS ACCOUNTS AS PER THE INSTRUCTIONS FROM THE GRANTOR. LAKELAND UNIVERSITY'S FINANCIAL AID DEPARTMENT MONITORS ALL GRANTS AND SCHOLARSHIPS USING POWERFAIDS SOFTWARE WHICH IS VERIFIED WITH COD BEFORE DISBURSEMENTS ARE PROCESSED. FOR OUTSIDE AND OTHER INSTITUTIONAL AID, THE FINANCIAL AID DEPARTMENT FOLLOWS THE SAME PROCEDURES. X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DAVID R BLACK PRESIDENT 168000 0 0 0 8115 0 5040 0 22 0 181177 0 0 0 M SCOTT NIEDERJOHN DEAN OF SCHOOL OF BUSINESS & ENTREPRENEURSHI 110265 0 0 0 30800 0 3908 0 10852 0 155825 0 0 0 PART I, LINE 1A TERMS OF THE PRESIDENT'S EMPLOYMENT REQUIRE THAT HE RESIDES IN ON-CAMPUS HOUSING AT THE EXPENSE OF THE INSTITUTION. THE PRESIDENT RECEIVES USE OF AN INSTITUTIONAL VEHICLE; THE PERCENTAGE OF BUSINESS VERSUS PERSONAL USAGE IS DOCUMENTED. THE PRESIDENT RECEIVES A CLUB MEMBERSHIP, A PORTION OF WHICH IS REPORTABLE INCOME ON FORM W-2. FINALLY, THE PRESIDENT WILL EITHER REIMBURSE THE INSTITUTION OR REPORT INCOME ON FORM W-2 FOR PERSONAL AND COMPANION TRAVEL. A WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2013-10-13 10000000 REFINANCE OF THE 2010 BONDS FOR CONSTRUCTION OF FACILITIES 0 0 0 B WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2013-10-13 4250000 REFINANCE OF THE 2010 BONDS FOR CONSTRUCTION OF FACILITIES 0 0 0 A 567000 10000000 10000000 1 0 1 1 B 243000 4250000 4250000 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 1 BMO HARRIS BANK 5.000000000000 0 0 0 0 1 B 0 0 0 1 1 1 BMO HARRIS BANK 5.000000000000 0 0 0 0 1 A 1 B 1 JAKE'S CAFE TRUSTEE OWNS BUSINESS 6500 LANDLORD 0 ANSAY AND ASSOCIATES TRUSTEES HUSBAND OWNS AGENCY, TRUSTEE DOES NOT PARTICIPATE IN BUSINESS 66622 INSURANCE AGENT 0 X 1 69400 FMV X 4206 FMV X 56974 FMV X 8 37498 FMV X 1 3243 FMV X ALUMNI EVENT 1 862 FMV 0 0 0 FORM 990, PART III, LINE 3 AS OF JUNE 30, 2019 LAKELAND UNIVERSITY NO LONGER OFFERS THE AVIATION PROGRAM. FORM 990, PART VI, SECTION A, LINE 2 A BOARD OF TRUSTEES MEMBER IS MARRIED TO THE OWNER OF LAKELAND'S INSURANCE AGENCY. A BOARD OF TRUSTEES MEMBER IS A PARTNER AT A LEGAL FIRM USED BY THE INSTITUTION. LAKELAND UNIVERSITY LEASES SPACE FROM A BUILDING OWNED BY A BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED WITH THE DRAFT OF THE 990 BEFORE FILING FOR REVIEW. FURTHER, THE 990 IS MADE AVAILABLE FOR ALL BOARD MEMBERS, PUBLISHED ON THE TRUSTEE PORTAL AND NOTIFICATIONS ARE SENT TO ALL TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE PRESIDENT AND VP FOR FINANCE AND OPERATIONS REVIEW ALL CONFLICT OF INTEREST AGREEMENTS AND IDENTIFY ANY ITEMS THAT MAY BE OF CONCERN. FORM 990, PART VI, SECTION B, LINE 15 LAKELAND'S HR DEPARTMENT PROVIDES THE CHAIRMAN OF THE BOARD COMPARATIVE DATA. LAKELAND'S POLICY AND RECOMMENDATIONS ARE REVIEWED BY THE CHAIRPERSON AND ARE DISCUSSED WITH THE EXECUTIVE COUNCIL IF NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S 990 AND OTHER POLICIES ARE AVAILABLE UPON REQUEST FROM THE CFO, ON THE UNIVERSITY'S WEBSITE, AND FOR PUBLIC VIEWING VIA GUIDESTAR. FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 27,908. UNREALIZED LOSS ON SWAP -150,874. ACCRETION EXPENSE -113,931. ADJUSTMENT OF NET ASSETS RELEASED FROM RESTRICTIONS 395,555. ADJUSTMENT FOR MATURED ANNUITIES -26,900. FORM 990, PART XII, LINE 2C: A COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. LAKELAND UNIVERSITY FOUNDATION W3718 SOUTH DRIVE PLYMOUTH WI 53073 391655132 TO PROVIDE SCHOLARSHIPS TO LAKELAND UNIVERSITY STUDENTS WI 501(C)(3) LINE 7 LAKELAND UNIVERSITY 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LAKELAND UNIVERSITY FOUNDATION INC C 395555 CASH