2019-03-12T11:17:57-05:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 11414 W PARK PLACE STE 200 MILWAUKEE WI 53224 990 2017-07-01 237179639 WISCONSIN LUTHERAN COLLEGE INC WISC 4144438800 8800 WEST BLUEMOUND ROAD MILWAUKEE WI 53226 GARY A SCHMID VICE PRESIDENT FINANCE 4144438800 2019-03-02 1 DAVID L MACCOUX P00239034 4144634411 2019-03-02 74.142.163.66 2019-03-02 10:29:09 CS P AAA3AE9BDF6734101642B97DAF1FCA69E104ADE4 95FD3CD324D7C6C558223E34BD2EF05BB0413D65 2017 2019-02-21 02:37:17Z DANIEL JOHNSON 8800 WEST BLUEMOUND ROAD MILWAUKEE WI 53226 48282389 0 1773 X WWW.WLC.EDU X 1973 WI WISCONSIN LUTHERAN COLLEGE IS A PRIVATE, FOUR-YEAR LIBERAL ARTS COLLEGE. 29 29 937 100 14925 13925 9082199 7773064 30995419 32503640 1505977 1701679 797761 737961 42381356 42716344 12081735 13128215 0 0 15264914 15157997 64975 0 1416462 15955247 15634734 43366871 43920946 -985515 -1204602 111845222 109823875 55137747 53728135 56707475 56095740 X WISCONSIN LUTHERAN COLLEGE IS AN INDEPENDENT, NATIONALLY RANKED CHRISTIAN LIBERAL ARTS COLLEGE THAT SERVES 1,200 TRADITIONAL, ADULT, AND GRADUATE STUDENTS OFFERING NEARLY 40 UNDERGRADUATE MAJORS, ADULT DEGREE PROGRAMS, AND FIVE GRADUATE DEGREES IN EDUCATION. WLC PREPARES STUDENTS FOR LIVES OF CHRISTIAN LEADERSHIP, IS RECOGNIZED FOR ITS ACADEMIC EXCELLENCE, AND SUPERIOR STUDENT EXPERIENCE. CARING, CHRISTIAN FACULTY WORK DIRECTLY WITH STUDENTS, WHO BENEFIT FROM NUMEROUS RESEARCH, SERVICE, AND CO-CURRICULAR OPPORTUNITIES DESIGNED TO ENHANCE ACADEMIC AND SPIRITUAL GROWTH. WLC'S MISSION IS TO PROVIDE AN OPPORTUNITY TO ITS STUDENTS FOR A LIBERAL ARTS EDUCATION IN KEEPING WITH THE THEOLOGICAL FOUNDATION OF ITS CONFERENCE CONGREGATIONS AND THE WISCONSIN EVANGELICAL LUTHERAN SYNOD. 0 0 18669123 13128215 27046372 INSTRUCTION AND ACADEMIC SUPPORT: WISCONSIN LUTHERAN COLLEGE OFFERS NATIONALLY RANKED ACADEMIC PROGRAMS IN A CHRISTIAN ENVIRONMENT. STUDENTS PARTICIPATE IN SMALL CLASSES AND RECEIVE ONE-ON-ONE MENTORING FROM PROFESSORS. THE COLLEGE PREPARES ITS STUDENTS 1200 TRADITIONAL, ADULT, AND GRADUATE STUDENTS TO BE CHRISTIAN LEADERS IN THEIR CHOSEN ACADEMIC FIELDS. TRADITIONAL UNDERGRADUATE STUDENTS CAN CHOOSE TO MAJOR OR MINOR IN A VARIETY OF PROGRAMS, INCLUDING BUSINESS, NURSING, EDUCATION, SPORT AND EXERCISE SCIENCE, AND BIOLOGY. WLC ALSO OFFERS TO FIVE PRE-PROFESSIONAL PROGRAMS INCLUDING PRE-LAW, PRE-VETERINARY, PRE-ENGINEERING, PRE-MEDICAL, AND PRE-DENTAL. WLC HAS FORGED PARTNERSHIPS WITH RENOWNED COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY TO PROVIDE DUAL DEGREE OPPORTUNITIES FOR STUDENTS. DUAL DEGREE AFFILIATIONS ALLOW STUDENTS TO EARN TWO DEGREES, AN UNDERGRADUATE DEGREE FROM WLC AND GRADUATE DEGREE FROM ANOTHER COLLEGE OR UNIVERSITY. MANY PROGRAMS OFFER STUDENTS THE ABILITY TO CONDENSE THEIR TIME IN SCHOOL COMPARED TO TRADITIONAL PROGRAMS, WHICH SAVES THEM MONEY ON TUITION COSTS AND ALLOWS THEM TO ENTER THE WORKPLACE SOONER. THE DUAL DEGREE PROGRAMS AT WLC INCLUDE ATHLETIC TRAINING, CHIROPRACTIC CARE, LAW, PHARMACY, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, PODIATRY, ENGINEERING, OPTOMETRY, AND DENTAL MEDICINE. 7174152 5362256 AUXILARY ENTERPRISES AND STUDENT SERVICES: THROUGH THE OFFICE OF RESIDENCE LIFE, WISCONSIN LUTHERAN COLLEGE OFFERED GUIDANCE, SUPPORT, ACTIVITIES, AND CAMPUS HOUSING TO 615 STUDENTS WHO LIVED IN 48 COLLEGE-OWNED BUILDINGS IN 2017-2018. OUTSIDE GROUPS AND CAMP ATTENDEES ALSO UTILIZED CAMPUS HOUSING DURING THE SUMMER. THE COLLEGE MANAGES DINING FACILITIES FOR ITS RESIDENT STUDENTS, COMMUTERS, FACULTY, STAFF, GUESTS, AND OUTSIDE GROUPS THAT HOLD EVENTS AND CONFERENCES AT THE COLLEGE. 12063672 95012 PUBLIC SERVICE AND INSTITUTIONAL: WISCONSIN LUTHERAN COLLEGE SERVES ITS COMMUNITY THROUGH A VARIETY OF PROGRAMS. STUDENTS PERFORM SERVICE PROJECTS LOCALLY, NATIONALLY, AND INTERNATIONALLY THROUGH THE OFFICE OF CAMPUS MINISTRY, WARRIORS AT WORK, NEW FRIENDS, AND OTHER CAMPUS ORGANIZATIONS. THE CENTER FOR ARTS AND PERFORMANCE OFFERS FREE ARTS PROGRAMMING THROUGH ITS SUMMER ARTS IN THE PARK SERIES. 37906947 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 1 0 0 0 1 50 0 1 937 1 1 1 0 0 0 0 1 1 0 0 0 0 X 29 29 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 1 1 1 1 X GARY A SCHMID 4144438800 8800 WEST BLUEMOUND RD MILWAUKEE WI 53226 MARK NEUMANN CHAIRMAN 3.00 X X 0 0 0 PETE AISBET REGENT 0.90 X 0 0 0 STEVEN BOETTCHER REGENT 1.30 X 0 0 0 MATTHEW BUROW REGENT 0.90 X 0 0 0 REV JEAMES BUSKE REGENT 0.90 X 0 0 0 GARY DRSKA REGENT 1.30 X 0 0 0 SCOTT MAYER REGENT 0.90 X 0 0 0 DR GERALD FISCHER REGENT 0.90 X 0 0 0 REV KENNETH FISHER SECRETARY 1.30 X X 0 0 0 STEPHEN GRANBERG REGENT 0.90 X 0 0 0 DR TERRY GUELDNER REGENT 0.90 X 0 0 0 REV JEFF GUNN REGENT 0.90 X 0 0 0 REV CAROLS LEYRER REGENT 0.90 X 0 0 0 CHARLES KLUENKER REGENT 0.90 X 0 0 0 DR R BOWEN LOFTIN REGENT 0.90 X 0 0 0 JAMIE LEUHRING REGENT 0.90 X 0 0 0 KERRY WOODY REGENT 0.90 X 0 0 0 REV SNOWDEN G SIMS REGENT 0.90 X 0 0 0 TOM PLATH REGENT 0.90 X 0 0 0 KENT RAABE REGENT, ADVISORY 1.30 X 0 0 0 DR WILLIAM RAASCH VICE-CHAIRMAN 1.30 X X 0 0 0 JIM REINERT REGENT 0.90 X 0 0 0 PAUL SCRIVER REGENT 0.90 X 0 0 0 DR ZACH SHIELS REGENT 0.90 X 0 0 0 C DANIEL STEFFERUD REGENT 0.90 X 0 0 0 DR GARY STIMAC REGENT 0.90 X 0 0 0 LAWRENCE TOTSKY REGENT 0.90 X 0 0 0 WILLIAM TREFFERT REGENT 0.90 X 0 0 0 DR RONALD WHITE TREASURER 1.30 X X 0 0 0 DANIEL JOHNSON PRESIDENT 40.00 X 151214 0 28629 DR JOHN KOLANDER PROVOST 40.00 X 98802 0 25924 GARY SCHMID VP FINANCE 40.00 X 86068 0 27822 336084 0 82375 1 0 1 0 TRINITY HOME GROUP LLC 8526 S STONE CREEK DRIVE OAK CREEK WI 53154 MAINTENANCE/HOUSEKEEPING 1723900 8800 CONCORD LLC - WESTBURY BANK 17160 W NORTH AVENUE BROOKFIELD WI 53005 STUDENT HOUSING 1365036 SODEXO INC 1926 W WISCONSIN AVE 250 MILWAUKEE WI 53233 FOOD SERVICES 893772 GFC LEASING WI PO BOX 2290 MADISON WI 53701 EQUIPMENT MAINTENANCE 206948 CONSTELLATION ENERGY SERVICES PO BOX 19800 GREEN BAY WI 54307 GAS PURCHASE 139482 5 366778 203621 7202665 120100 7773064 TUITION AND FEES 900099 26593136 26593136 AUXILIARY ENTERPRISES 611710 5873835 5873835 THEATRE INCOME 900099 36669 36669 32503640 336186 336186 36558 36558 514998 133546 381452 381452 19874 361578 5761250 581300 4405736 571321 1355514 9979 1365493 1365493 470131 366778 391678 78453 78453 84636 63764 20872 83 20789 OTHER INCOME 900099 220626 -5032 225658 220626 42716344 32503640 14925 2424715 13128215 13128215 491032 146460 128177 216395 10649741 8851469 1145342 652930 807290 652196 89986 65108 2432965 2192614 149036 91315 776969 618478 95049 63442 78795 78795 42409 42409 54166 54166 273671 229850 43821 1301724 673331 518474 109919 702405 388188 314217 1637915 1544016 93899 395051 359743 13403 21905 75254 56617 8976 9661 1061110 793521 267589 2994902 2922678 72224 209586 545 209041 MISCELLANEOUS 6807746 5349026 1272933 185787 43920946 37906947 4597537 1416462 614456 109828 690194 694640 1296812 894966 669362 699513 32002 33276 42257 29161 125397410 53277244 74259110 72120166 16250361 19161441 16855484 15140418 1135184 940466 111845222 109823875 538216 308826 233168 276960 47230000 46880000 4248964 4044457 2887399 2217892 55137747 53728135 X 35322618 33457814 14309219 15354499 7075638 7283427 56707475 56095740 111845222 109823875 X -1204602 1764830 -1171963 X X 0 1 X 1 1 1 X 30559409 175969 1730775 1400000 31066153 28308430 877489 2773490 1400000 30559409 29087696 1140308 -519574 1400000 28308430 24871974 5134476 481246 1400000 29087696 23387782 312762 2571430 1400000 24871974 0.47530 0.23450 0.29020 0 0 15796653 15796653 90472565 38205045 52267520 201160 151854 49306 16959780 13447535 3512245 1967252 1472810 494442 72120166 LIMITED PARTNERSHIPS 2814600 F HEDGE FUNDS 7632476 F REAL ESTATE FUNDS 1056316 F VENTURE CAPITAL FUNDS 170533 F DOMESTIC PRIVATE EQUITY FUNDS 3139943 F INTERNATIONAL PRIVATE EQUITY FUNDS 103346 F INVESTMENT IN 8800 CONCORD LLC 223204 F 15140418 DEPOSITS 232451 ANNUITIES PAYABLE 247139 CAPITAL LEASES 490912 BANK LINE OF CREDIT 1247390 2217892 X 30706220 1764830 525224 2290054 28416166 14300178 14300178 42716344 31317955 525224 525224 30792731 13128215 13128215 43920946 PART V, LINE 4: EARNINGS ON THE ENDOWMENT ARE USED PRIMARILY TO FUND SCHOLARSHIPS FOR UNDERGRADUATE STUDENTS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. IN ACCORDANCE WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE COLLEGE ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE COLLEGE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERIT OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE COLLEGE AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES DURING FISCAL YEAR 2018. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO JUNE 30, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUES FOR 990 133,546. FUNDRAISING EXPENSES NETTED WITH REVENUES FOR 990 391,678. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND INSTITUTIONAL AID SHOWN AS EXPENSES ON FORM 990 13,128,215. WITHDRAWAL OVER INCOME EARNED 1,151,799. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 20,164. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUES FOR 990 133,546. FUNDRAISING EXPENSES NETTED WITH REVENUES FOR 990 391,678. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND INSTITUTIONAL AID SHOWN AS EXPENSES ON FORM 990 13,128,215. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 OUR NON-DISCRIMINATION POLICIES ARE PUBLIC AND REPRESENTED IN OUR STUDENT GUIDES AND WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES AND ADMINISTERS FEDERAL FINANCIAL AID (TITLE IV) INCLUDING PELL GRANTS, DIRECT LOANS AND FEDERAL WORK-STUDY. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY TOUR 29958 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY TOUR 54611 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES ATHLETIC TRAVEL 4831 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY TOUR / HUMANITARIAN AID 28263 0 0 0 0 0 0 117663 0 117663 0 0 0 0 0 0 GOLF OUTING 30920 20100 10820 14003 247 DIVINE SERVANT EVENT 805989 346678 459311 377428 66 836909 366778 470131 14003 377675 391678 78453 1 INSTITUTIONAL MERIT AND NEED BASED AID 856 13128215 PART I, LINE 2: WLC AWARDS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS MEETING CERTAIN FINANCIAL NEED TESTS AND ACADEMIC MERIT LEVELS. STUDENTS RECEIVING FINANCIAL ASSISTANCE MUST MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVEMENT, FINE ARTS ABILITIES, FINANCIAL NEED, OR OTHER SIMILAR STANDARDS SET BY THE BOARD OF REGENTS OR DONORS OF RESTRICTED OR ENDOWED FUNDS. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DANIEL JOHNSON PRESIDENT 151214 0 0 0 0 0 5922 0 22707 0 179843 0 0 0 A WI HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 2012-02-23 48850000 CONSTRUCTION AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES 0 0 0 A 48850000 48670000 180000 2006 1 0 1 1 A 0 0 0 0 0 0 0 A 1 1 0 0 0 0 A 1 DAN JOHNSON - DISCLOSURE SUBJECT TO DAN JOHNSON IS THE PRESIDENT OF THE COLLEGE 28840 SCHOLARSHIP MATTHEW BUROW GARY STIMAC KENT RA BOARD MEMBERS / PARTNERS IN 8800 CONCORD, LLC 1362413 JOINT VENTURE 0 MATTHEW BUROW BOARD MEMBER/PARTNER IN CATALYST CONSTRUCTION 155824 REMODELING/CONSTRUCTION OF NURSING DEPARTMENT 0 X SUPPLIES & EQUIPMENT 4 120100 COST 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS MATTHEW BUROW, GARY STIMAC, AND KENT RAABE ARE ALL PARTIAL OWNERS OF 8800 CONCORD, LLC. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF THE BOARD OF REGENTS RESTS WITH DELEGATES OF THE CONFERENCE OF CONGREGATIONS WHICH FOUNDED THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETE 990 IS REVIEWED BY MEMBERS OF THE PRESIDENT'S CABINET (PRESIDENT AND VICE PRESIDENTS) AND THE CHAIRMAN OF THE BOARD OF REGENTS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH MEMBER OF THE BOARD (REGENTS) ARE REQUIRED TO SUBMIT AN UPDATED STATEMENT REGARDING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 TO DETERMINE COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR OR OTHER TOP MANAGEMENT OFFICIALS, USED CUPA STUDY DATA PLUS REVIEWED BY EXECUTIVE COMMITTEE FOR ANY RAISE OR INCREASE OVER THE STANDARD % GIVEN TO ALL EMPLOYEES. TO DETERMINE COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES, USED CUPA STUDY DATA PLUS REVIEWED BY EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -20,164. WITHDRAWAL OVER INCOME EARNED -1,151,799. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR THE PROCESS USED TO SELECT AN INDEPENDENT ACCOUNTANT. 8800 CONCORD LLC 8800 WEST BLUEMOUND ROAD MILWAUKEE WI 53226 271463226 STUDENT HOUSING WI WISCONSIN LUTHERAN COLLEGE RELATED 273897 1632097 0 1 0.52580 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 8800 CONCORD LLC K 1362413 BOOK VALUE