2020-06-01T16:02:12-05:00 2019-06-30 341322309 CIUNI & PANICHI INC 25201 CHAGRIN BLVD 200 CLEVELAND OH 441225683 990 2018-07-01 341369714 THE LAKELAND FOUNDATION LAKE 4405257255 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 MICHAEL E MAYHER TREASURER 4405257255 2020-04-29 1 HERZL GINSBURG CPA P01351635 2168317171 162.155.232.54 2020-04-29 17:34:50 ED P 915CD39D2F9C6805981569E3C382982B022D81C4 D41A1BAE1D22EA4493086ED93CB3E6A68DE87653 2018 2021-01-29 14:40:06Z MICHAEL E MAYHER 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 2347330 0 X WWW.LAKELANDFOUNDATION.COM X 1981 OH THE LAKELAND FOUNDATION CREATES RELATIONSHIPS AND SOLICITS RESOURCES THROUGHOUT NORTHEAST OHIO AND FOCUSES THEM ON SUPPORTING LAKELAND COMMUNITY COLLEGE'S MISSION "TO PROVIDE QUALITY LEARNING OPPORTUNITIES TO MEET THE SOCIAL AND ECONOMIC NEEDS OF THE COMMUNITY." THE FOUNDATION HAS SUPPORTED THE COLLEGE IN THE AREAS OF 1) STUDENT SCHOLARSHIPS AND GRANTS, 2) FACULTY DEVELOPMENT AND TEACHING ENHANCEMENT PROGRAMS, AND 3) TECHNOLOGY UPGRADES AND SUPPORT TO BENEFIT STUDENTS AND/OR FACULTY. 43 40 0 225 0 0 1986526 1502317 0 0 235268 227582 -10207 -13797 2211587 1716102 1062120 1552423 0 0 0 0 0 0 4403 283143 241519 1345263 1793942 866324 -77840 5860794 5782948 65257 72320 5795537 5710628 X THE LAKELAND FOUNDATION CREATES RELATIONSHIPS AND SOLICITS RESOURCES THROUGHOUT NORTHEAST OHIO AND FOCUSES THEM ON SUPPORTING LAKELAND COMMUNITY COLLEGE'S MISSION "TO PROVIDE QUALITY LEARNING OPPORTUNITIES TO MEET THE SOCIAL AND ECONOMIC NEEDS OF THE COMMUNITY." THE FOUNDATION HAS SUPPORTED THE COLLEGE IN THE AREAS OF 1) STUDENT SCHOLARSHIPS AND GRANTS, 2) FACULTY DEVELOPMENT AND TEACHING ENHANCEMENT PROGRAMS, AND 3) TECHNOLOGY UPGRADES AND SUPPORT TO BENEFIT STUDENTS AND/OR FACULTY. 0 0 1552423 1552423 ALTHOUGH PROGRAM EXPENSES ARE COMBINED, THE FOUNDATION HAS SUCCESSFULLY SUPPORTED THE COLLEGE IN THE THREE AREAS DESCRIBED BELOW:1) STUDENT SCHOLARSHIPS AND GRANTS - THE FOUNDATION'S GOAL IS TO ENSURE THAT NO AREA STUDENT IS DEPRIVED OF A LAKELAND COMMUNITY COLLEGE EDUCATION FOR FINANCIAL REASONS. WHILE THERE ARE A NUMBER OF GOVERNMENT GRANTS AND LOANS AVAILABLE TO STUDENTS, THIS ASSISTANCE IS NOT AVAILABLE TO ALL STUDENTS AND ALMOST NEVER PAYS THE FULL COST OF AN EDUCATION. MANY OF LCC'S STUDENTS ARE OFTEN ALREADY WORKING BUT SIMPLY, NO MATTER HOW HARD THEY TRY, LACK SUFFICIENT RESOURCES TO PAY THE ENTIRE COST OF TUITION AND BOOKS. THE FOUNDATION PROVIDES SCHOLARSHIP ASSISTANCE TO THESE STUDENTS TO BRIDGE THE GAP.2) FACULTY DEVELOPMENT AND TEACHING ENHANCEMENT PROGRAMS - A DISTINGUISHING MARK OF LCC'S FACULTY IS THE QUALITY OF THEIR TEACHING AND COMMITMENT TO INNOVATION IN THE CLASSROOM AND COMMUNITY. THE FOUNDATION SUPPORTS THESE EFFORTS BY AWARDING FACULTY GRANTS FOR NEW COURSE/PROJECT DEVELOPMENT, COLLABORATIONS WITH COMMUNITY AND PROFESSIONAL ORGANIZATIONS, AND PROFESSIONAL DEVELOPMENT. 3) TECHNOLOGY UPGRADES AND SUPPORT TO BENEFIT FACULTY AND/OR STUDENTS - TRAINING AND DEVELOPING STUDENTS FOR THE "KNOWLEDGE ECONOMY" CANNOT TAKE PLACE WITHOUT REGULAR ACCESS TO STATE-OF-THE-ART EQUIPMENT, SOFTWARE AND THE INTERNET. STUDENTS WHO CAN BARELY AFFORD TUITION OFTEN DO NOT HAVE RESOURCES FOR A COMPUTER THAT IS REQUIRED FOR CLASSWORK, ESPECIALLY ONLINE COURSES. THE FOUNDATION AWARDS STUDENT GRANTS TO HELP THEM PURCHASE EQUIPMENT, SOFTWARE AND MAINTAIN INTERNET CONNECTIONS. THE FOUNDATION ALSO PROVIDES FUNDING FOR CLASSROOM TECHNOLOGY UPGRADES SO THAT STUDENTS AND FACULTY HAVE ACCESS TO AND EXPERIENCE ON STATE-OF-THE-ART EQUIPMENT SPECIFIC TO THE MANY PROGRAMS OF INSTRUCTION THE COLLEGE OFFERS. 1552423 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 43 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 OH X MICHAEL MAYHER 4405257255 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 TRICIA AMBROSE BOARD MEMBER 1.00 X 0 0 0 TINA BARNAUSKAS BOARD MEMBER 1.00 X 0 0 0 THOMAS W BENDA BOARD MEMBER 1.00 X 0 0 0 MORRIS W BEVERAGE JR EDM BOARD MEMBER 2.00 40.00 X 0 318754 122663 WILLIAM M BOWERS BOARD MEMBER 1.00 X 0 0 0 BRENT BUCKLEY BOARD MEMBER 1.00 X 0 0 0 RICHARD D CICERO BOARD MEMBER 1.00 X 0 0 0 PETER B CLAUSEN BOARD MEMBER 1.00 X 0 0 0 DONALD J DAILEY BOARD MEMBER 1.00 X 0 0 0 DENNIS E ECKART BOARD CO-VICE CHAIRPERSON 2.00 X 0 0 0 ALICE DEMETER BOARD MEMBER 1.00 X 0 0 0 DALE H FELLOWS BOARD MEMBER 1.00 X 0 0 0 DEBORAH B FRIEDMAN MD BOARD MEMBER 1.00 X 0 0 0 JOANNE FULTON BOARD MEMBER 1.00 X 0 0 0 MAHA GEMAYEL BOARD MEMBER 1.00 X 0 0 0 NOREEN KOPPELMAN-GOLDSTEIN BOARD MEMBER 1.00 X 0 0 0 NANCY L GUTHRIE BOARD MEMBER 1.00 X 0 0 0 KA-PI HOH PHD BOARD CHAIRPERSON 2.00 X 0 0 0 VALISSA TURNER HOWARD BOARD MEMBER 1.00 X 0 0 0 RICHARD J IAFELICE BOARD MEMBER 1.00 X 0 0 0 LESLIE S JOHNS ESQ BOARD MEMBER 1.00 X 0 0 0 DAVID A KALINA BOARD MEMBER 1.00 X 0 0 0 RICHARD J KESSLER BOARD MEMBER 1.00 X 0 0 0 JOSEPH R KLAMMER BOARD MEMBER 1.00 X 0 0 0 JOHN H LANGER BOARD MEMBER 1.00 X 0 0 0 KATHLEEN T MALEC DA E BOARD MEMBER 1.00 X 0 0 0 KIP L MOLENAAR BOARD MEMBER 1.00 X 0 0 0 RICHARD M OSBORNE JR BOARD MEMBER 1.00 X 0 0 0 JOHN PAGANINI BOARD MEMBER 1.00 X 0 0 0 KENNETH J QUIGGLE BOARD MEMBER 2.00 X 0 0 0 HOWARD S RABB BOARD MEMBER 1.00 X 0 0 0 MARK R RUTH BOARD MEMBER 1.00 X 0 0 0 NANCY BRUNNER SANDEN BOARD MEMBER 1.00 X 0 0 0 ALYSON SCOTT BOARD MEMBER 1.00 X 0 0 0 JON J SNYDER BOARD MEMBER 1.00 X 0 0 0 RICK STARK BOARD MEMBER 1.00 X 0 0 0 DEDE STORER BOARD MEMBER 1.00 X 0 0 0 LOUISE R SULLIVAN BOARD MEMBER 1.00 X 0 0 0 JANIS THIEDEMANN BOARD MEMBER 1.00 X 0 0 0 BRENDON TRIPODO BOARD MEMBER 1.00 X 0 0 0 JASON WULIGER BOARD CO-VICE CHAIRPERSON 2.00 X 0 0 0 DR STEVEN TSENGAS BOARD MEMBER 1.00 X 0 0 0 GREGORY G YOUNG DPM BOARD MEMBER 1.00 X 0 0 0 WENDY F ZELE BOARD MEMBER 1.00 X 0 0 0 DAVID S JACOBSON EMERITUS DIRECTOR 0.00 X 0 0 0 RICHARD L URBANOWSKI EMERITUS DIRECTOR 0.00 X 0 0 0 GREGORY L SANDERS EXECUTIVE DIR., 01/03/19-06/30/19 20.00 20.00 X 0 0 0 DAWN M PLANTE SECRETARY 3.00 40.00 X 0 142019 19515 MICHAEL E MAYHER TREASURER 3.00 40.00 X 0 164589 44594 ANDREA AUSPERK TREASURER 3.00 40.00 X 0 112700 37927 ROBERT H CAHEN PHD EXECUTIVE DIR., 7/01/18-01/03/19 20.00 20.00 X 0 144856 41657 CATHERINE A BUSH EMPLOYEE 40.00 X 0 141576 41320 0 1024494 307676 0 0 1 0 0 20399 1481918 90397 1502317 96895 96895 741943 611256 130687 130687 130687 6175 20399 19972 -13797 -13797 1716102 0 0 213785 1011108 1011108 541315 541315 10255 10255 112000 112000 24561 24561 64544 64544 13542 13542 3304 3304 FUNDRAISING EXPENSE 4403 4403 SPONSORSHIPS 3400 3400 DUES & MEMBERSHIPS 3384 3384 MISCELLANEOUS 2126 2126 1793942 1552423 237116 4403 173762 329891 853562 387866 276750 194483 9094 8983 22896 10300 10418 4537132 4822459 305 5841 5860794 5782948 65257 15019 57301 65257 72320 X 248788 93225 2973785 1706404 2572964 3910999 5795537 5710628 5860794 5782948 X -77840 3637 -10706 X 0 1 X 1 0 X 1093175 800941 809413 1986526 1502317 6192372 1093175 800941 809413 1986526 1502317 6192372 446774 5745598 62364 64087 63675 74568 96895 361589 24339 24339 6578300 0.87340 0.86230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 112000 112000 22400 5600 0 0 162871 148425 28600 22400 362296 543444 76649 76649 40718 37106 7150 5600 90574 135861 0 0 3672450 207471 190721 151651 18814 3900177 3465753 100627 265816 141286 18460 3672450 3267968 65102 272062 122322 17057 3465753 3315180 134558 -59574 105937 16259 3267968 3128786 167886 145663 104691 22464 3315180 0.00770 0.71150 0.28080 0 0 0 X 1715150 3637 19972 23609 1691541 24561 24561 1716102 1800059 30678 30678 1769381 24561 24561 1793942 PART V, LINE 4: THE SPENDING ALLOCATIONS FROM THE ENDOWMENT FUNDS ARE PRIMARILY EARMARKED BY DONOR RESTRICTION FOR SCHOLARSHIPS AND EDUCATIONAL & RELATED PROGRAMS, WITH LESS THAT 1% EARMARKED FOR FOUNDATION UNDESIGNATED NEEDS. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH THE "INCOME TAXES" TOPIC OF THE FASB ASC. UNCERTAIN INCOME TAX POSITIONS ARE EVALUATED AT LEAST ANNUALLY BY MANAGEMENT. THE FOUNDATION CLASSIFIES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS AS INCOME TAX EXPENSE IN THE ACCOMPANYING FINANCIAL STATEMENTS. AS OF JUNE 30, 2019, THE FOUNDATION HAS IDENTIFIED NO UNCERTAIN INCOME TAX POSITIONS AND HAS INCURRED NO AMOUNTS FOR INCOME TAX PENALTIES AND INTEREST FOR THE YEAR THEN ENDED. THE FOUNDATION FILES ITS FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE OFFICE OF THE STATE'S ATTORNEY GENERAL FOR THE STATE OF OHIO. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSE 19,972. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSE 19,972. BAD DEBT EXPENSE 10,706. LSA CLOCKTOWER RUN 12207 8071 4136 4264 3101 CITIZEN'S GOLF OUTING 7328 7328 2353 4975 1 7039 5000 2039 543 3750 986 26574 20399 6175 6617 543 3750 9062 19972 -13797 1 LAKELAND COMMUNITY COLLEGE 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 341011011 996822 14286 COMPARABLE GIFTS IN KIND EDUCATIONAL & RELATED PROGRAMS SCHOLARSHIPS 566 537647 CASH TEACHING AWARDS 6 3668 CASH PART I, LINE 2: SCHOLARSHIPS, EDUCATIONAL AND RELATED COSTS ARE MONITORED UNDER THE LAKELAND COMMUNITY COLLEGE'S POLICIES AND PROCEDURES FOR EXPENDITURES. 0 0 0 0 0 0 0 0 0 MORRIS W BEVERAGE JR EDM BOARD MEMBER 0 314350 0 0 0 4404 0 101186 0 21477 0 441417 0 0 DAWN M PLANTE SECRETARY 0 141375 0 0 0 644 0 11320 0 8195 0 161534 0 0 MICHAEL E MAYHER TREASURER 0 162468 0 0 0 2121 0 23117 0 21477 0 209183 0 0 ANDREA AUSPERK TREASURER 0 112500 0 0 0 200 0 16450 0 21477 0 150627 0 0 ROBERT H CAHEN PHD EXECUTIVE DIR., 7/01/18-01/03/19 0 141494 0 0 0 3362 0 20180 0 21477 0 186513 0 0 CATHERINE A BUSH EMPLOYEE 0 139735 0 0 0 1841 0 19843 0 21477 0 182896 0 0 X 3 62544 FMV X INSTRUCT MTRL 7 14286 FMV X AUCTION ITEMS 56 13567 FMV 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS MADE. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S FORM 990 IS PROVIDED TO THE BOARD'S EXECUTIVE COMMITTEE TO REVIEW ON BEHALF OF THE BOARD OF DIRECTORS BY ITS CODE OF REGULATIONS. THE EXECUTIVE COMMITTEE OF THE LAKELAND FOUNDATION BOARD, COMPOSED OF THE OFFICERS, PRESIDENT OF THE COLLEGE, AND ONE DIRECTOR-AT-LARGE, CAN "FORMULATE RECOMMENDATIONS FOR THE FULL BOARD AND TAKE SUCH INTERIM ACTIONS ON BEHALF OF THE FOUNDATION AS IT DEEMS NECESSARY" BY VOTE OF A MAJORITY OF A QUORUM. FORM 990, PART VI, SECTION B, LINE 12C AS PART OF THE PROCEDURE, AN ANNUAL STATEMENT OF DISCLOSURE MUST BE SIGNED ANNUALLY BY EACH DIRECTOR, OFFICER, SELECTED EMPLOYEE, OR MEMBER WHICH AFFIRMS THAT EACH PERSON HAS READ, UNDERSTANDS THE DOCUMENTS, AND AGREES TO COMPLY WITH THE POLICY AND PROCEDURE. THE FORMS ARE COLLECTED AND MAINTAINED IN THE FOUNDATION OFFICE. FORM 990, PART VI, SECTION B, LINE 15 ALL FOUNDATION STAFF MEMBERS, INCLUDING ITS EXECUTIVE DIRECTOR, ARE LAKELAND COMMUNITY COLLEGE EMPLOYEES. THE COLLEGE'S HUMAN RESOURCES DEPARTMENT IS RESPONSIBLE FOR ESTABLISHING, REVIEWING AND RECOMMENDING COMPENSATION LEVELS FOR THE COLLEGE'S TOP OFFICIALS. THE DEPARTMENT REGULARLY REVIEWS COMPARABLE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS IN ESTABLISHING COMPENSATION LEVELS. ANY COST SHARING BY THE FOUNDATION FOR COLLEGE EMPLOYEE PAYROLL IS REVIEWED AND APPROVED BY THE FOUNDATION EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE LAKELAND FOUNDATION IS RELATED TO LAKELAND COMMUNITY COLLEGE, A POLITICAL SUBDIVISION OF THE STATE OF OHIO. ACCORDINGLY, THE FOUNDATION'S FINANCIALS ARE REVIEWED BY THE STATE OF OHIO AUDITOR'S OFFICE, WHICH POSTS THE FOUNDATION'S AUDIT ON ITS WEBSITE. THE FOUNDATION'S GOVERNANCE AND KEY POLICY DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -10,706. LAKELAND COMMUNITY COLLEGE 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 341011011 HIGHER EDUCATION OH N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 LAKELAND COMMUNITY COLLEGE C 129508 CASH LAKELAND COMMUNITY COLLEGE B 1301707 CASH LAKELAND COMMUNITY COLLEGE B 14286 DONATED FMV LAKELAND COMMUNITY COLLEGE P 64544 REIMBURSED PAYROLL