2019-02-06T15:54:25-06:00 2018-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2017-07-01 390821861 LAKELAND UNIVERSITY LAKE 9205651000 W3718 SOUTH DR PLYMOUTH WI 53073 AMY WIRTZ CHIEF FINANCIAL OFFICER 9205651000 2019-02-05 1 TROY MARINE CPA P00187863 4147775500 2019-02-05 38.122.82.115 2019-02-05 13:17:21 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 793A1E00ACF041F16FD41A7A782950CAF62641F6 2017 2019-02-21 02:37:17Z AMY WIRTZ W3718 SOUTH DR PLYMOUTH WI 53073 48719674 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. 27 27 1071 50 -130329 -128561 12154741 9379001 37072069 37216452 227065 264095 1512774 1016120 50966649 47875668 14036880 14741166 0 0 17662243 17110402 0 0 713279 13803292 14235699 45502415 46087267 5464234 1788401 54589447 60519062 25692385 28878261 28897062 31640801 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 0 18604206 14741166 33749026 INSTRUCTION AND RELATED ACTIVITIES INCLUDE EXPENDITURES FOR ALL INSTRUCTION COSTS, INCLUDING GRANTS, AND RELATED ACTIVITIES. 10640100 164116 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. 5026830 2947748 AUXILIARY SERVICES INCLUDE EXPENDITURES FOR DINING SERVICES, RESIDENCE LIFE, AND RELATED ACTIVITIES. 7512986 1529970 OTHER PROGRAM SERVICES INCLUDE MARKETING AND ADMISSIONS AND OPERATIONS AND MAINTENANCE. 7512986 1529970 41784122 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 0 0 0 0 1 0 0 0 1 97 0 1 1071 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 27 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 PETER REDDIN VICE BOARD CHAIR/TREASURER 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 BROTZ 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 ANN TERRELL 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 X 166098 0 3697 ELIZABETH BORGEN VICE PRESIDENT ADVANCEMENT 50.00 X X 114667 0 6078 MARGARET ALBRINCK VICE PRESIDENT FOR ACADEMIC AFFAIRS 50.00 X X 128345 0 16246 RICHARD HAEN CHIEF OPERATING OFFICER, TERM 2/18 50.00 X X 0 0 0 AMY WIRTZ CHIEF FINANCIAL OFFICER 50.00 X X 62556 0 10318 ANN FLAD-JESION MANAGER OF HUMAN RESOURCES 50.00 X X 54483 0 11036 JANE BOUCHE INTERIM VICE-PRESIDENT FOR KELLETT 50.00 X X 68407 0 12093 CAROLE L ROBERTSON FORMER VICE PRESIDENT FOR FINANCE 50.00 X 138515 0 6601 MEHRABAN KHODAVANDI DIRECTOR OF GRADUATE EDUCATION, PROFESSOR 50.00 X 124568 0 17765 M SCOTT NIEDERJOHN CHARLOTTE & WALTER KOHLER CHARITABLE TRUST, ASSOC 50.00 X 125609 0 14971 JEFF ELZINGA PROFESSOR OF WRITING 50.00 X 101103 0 4556 ZACHARY VOELZ VICE PRESIDENT FOR ENROLLMENT MANAGEMENT 50.00 X 97259 0 9453 1181610 0 112814 8 0 1 0 THE BOLDT COMPANY 2525 N ROEMER RD APPLETON WI 54912 CONSTRUCTION 5211822 KHROME LLC 340 N BROADWAY SUITE 400 GREEN BAY WI 54303 MARKETING PROFESSIONAL SERVICES 546477 SOUTHERN BLEACHER CO INC 801 FIFTH ST GRAHAM TX 76450 CONSTRUCTION 412022 HONEY CREEK IV LLC 9000 CHESTER ST SUITE 200 MILWAUKEE WI 53214 LANDLORD (MILWAUKEE CENTER) 407820 PLYMOUTH UTILITIES PO BOX 277 PLYMOUTH WI 53073 UTILITIES 401610 33 95121 449620 6027595 2806665 20488 9379001 EDUCATION, TUITION AND FEES 611600 33749026 33749026 AUXILIARY SERVICES 611600 2953681 3025813 -72132 OTHER PROGRAM REVENUE 611710 349629 346824 2805 INSTRUCTION ACTIVITIES 611600 164116 164116 37216452 237781 237781 4718 65720 -61002 -61002 -61002 26314 0 26314 26314 26314 60128 95121 57407 2721 2721 1795280 720879 1074401 1074401 47875668 38360180 -130329 266816 14741166 14741166 1147826 617067 416092 114667 12046955 11023503 684709 338743 309625 266705 29621 13299 2635447 1825795 719682 89970 970549 864333 73863 32353 47135 47135 82244 82244 16115 16115 634041 614767 14708 4566 656521 595601 45565 15355 555210 406169 148891 150 1603057 1603057 752933 649796 48933 54204 115938 81241 33326 1371 290163 287996 2167 2825645 2743701 72728 9216 129221 62299 66922 OPERATIONS & MAINTENANC 2725129 2725129 PROFESSIONAL SERVICES 1086335 976099 90766 19470 UNCOLLECTIBLES 843342 525754 317588 MISCELLANEOUS 775925 423339 352586 1096745 750605 326225 19915 46087267 41784122 3589866 713279 5305801 3985693 3434615 3352097 5995366 5139476 3395 0 274435 268652 61801 54789 367179 241632 78809154 41305777 29129956 37503377 10016899 9973346 54589447 60519062 7662175 6960042 270959 262735 2569926 2644292 11425618 11428743 807257 5157431 2956450 2425018 25692385 28878261 X 20364935 19405620 8400931 12100442 131196 134739 28897062 31640801 54589447 60519062 X 1788401 318630 636708 X X 0 1 X 1 1 1 X 189428 X X 0 16313944 191506 1190429 448219 50391 17197269 14876423 222883 1655976 395326 46012 16313944 14878562 272061 74463 304890 43773 14876423 14621357 388250 79912 466299 45344 14577876 13065976 281063 1838522 567000 -2796 14621357 0.16260 0.67780 0.15960 0 1 1 1698324 1698324 42171096 24551119 17619977 832724 237448 595276 7588604 5439601 2149003 26518406 11077609 15440797 37503377 POST RETIREMENT 1136591 ASSETS RETIREMENT OBLIGATION 469072 INTEREST RATE EXCHANGE AGREEMENTS 119862 ANNUITY OBLIGATIONS 211979 STUDENT DEPOSITS 164704 AGENCY FUNDS 322810 2425018 X 34860324 318630 318630 34541694 16115 13317859 13333974 47875668 32116585 0 32116585 16115 13954567 13970682 46087267 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, 2018 OR 2017. 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 14,741,166. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYBALE -8,414. UNREALIZED GAIN ON SWAP -261,429. ACCRETION EXPENSE 82,755. COST OF GOODS SOLD -720,879. RENTAL EXPENSES -65,720. ADJUSTMENT FOR NET ASSETS RELEASED FROM RESTRICTIONS -449,620. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 14,741,166. COST OF GOODS SOLD -720,879. RENTAL EXPENSES -65,720. 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 2017-2018. GALA EVENT 127036 95121 31915 16470 14968 4972 BLASTERS GOLF TOURNAMENT 28213 28213 14851 3062 3084 155249 95121 60128 31321 3062 14968 8056 57407 2721 1 FEDERAL GRANTS 824 2671280 FEDERAL WORK STUDY 294 755531 INSTITUTIONAL GRANTS 869 9732192 OUTSIDE GRANTS 215 829927 STATE GRANTS 261 752236 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 DISBUSEMENTS 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 160538 0 0 0 5560 0 3675 0 22 0 169795 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 542500 10000000 10000000 1 0 1 1 B 232500 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 56619 INSURANCE AGENT 0 X 5 12061 FMV X 2 2300 FMV X OTHER 5 2735 FMV X LABOR & MATERIALS - WALL PLASTERING 1 2000 FMV X QUOTEPADS 1 1392 FMV 0 0 0 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 CFO 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 8,414. UNREALIZED GAIN ON SWAP 261,429. ACCRETION EXPENSE -82,755. ADJUSTMENT OF NET ASSETS RELEASED FROM RESTRICTIONS 449,620. 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 449620 CASH