2019-05-10T14:56:51-05:00 2018-06-30 341322309 CIUNI & PANICHI INC 25201 CHAGRIN BLVD 200 CLEVELAND OH 441225683 990 2017-07-01 341369714 THE LAKELAND FOUNDATION LAKE 4405257255 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 MICHAEL E MAYHER TREASURER 4405257255 2019-05-10 1 HERZL GINSBURG CPA P01351635 2168317171 162.155.232.54 2019-05-10 15:03:04 ED P 170E38E8DD19B8BFC36D951605DD849591CA7C8C C14144C7A7F3BF1A7274F0AF3E30B2ED08E2EA2A 2017 2019-02-21 02:37:17Z MICHAEL E MAYHER 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 3068904 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. 40 37 0 229 0 0 809413 1986526 0 0 111251 235268 -9730 -10207 910934 2211587 679310 1062120 0 0 0 0 0 0 10137 143524 283143 822834 1345263 88100 866324 4949885 5860794 58743 65257 4891142 5795537 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 1062120 1062120 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. 1062120 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 X 40 37 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 MORRIS W BEVERAGE JR EDM BOARD MEMBER 2.00 40.00 X 0 299773 106045 THOMAS W BENDA BOARD MEMBER 1.00 X 0 0 0 PETER B CLAUSEN BOARD MEMBER 1.00 X 0 0 0 JOSEPH A COCOZZO BOARD MEMBER 2.00 X 0 0 0 DONALD J DAILEY BOARD MEMBER 1.00 X 0 0 0 DENNIS E ECKART BOARD VICE-CHAIRPERSON 2.00 X 0 0 0 GARY M ESTADT DC BOARD MEMBER 1.00 X 0 0 0 DALE H FELLOWS BOARD MEMBER 1.00 X 0 0 0 JON J SNYDER BOARD MEMBER 1.00 X 0 0 0 NOREEN K 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 RICHARD J IAFELICE 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 KATHLEEN T MALEC PHD BOARD MEMBER 1.00 X 0 0 0 ANTHONY MANCARI BOARD MEMBER 1.00 X 0 0 0 ANDY MEINHOLD BOARD MEMBER 1.00 X 0 0 0 KENNETH J QUIGGLE BOARD MEMBER 2.00 X 0 0 0 JOHN PAGANINI BOARD MEMBER 1.00 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 ALYSON SCOTT 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 BRENDON TRIPODO BOARD MEMBER 1.00 X 0 0 0 GREGORY G YOUNG BOARD MEMBER 1.00 X 0 0 0 MISSIA H VASELANEY BOARD MEMBER 1.00 X 0 0 0 JASON WULIGER BOARD CO-VICE CHAIRPERSON 2.00 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 NANCY BRUNNER SANDEN 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 ALICE DEMETER BOARD MEMBER 1.00 X 0 0 0 DAVID A KALINA BOARD MEMBER 1.00 X 0 0 0 RICHARD M OSBORNE JR BOARD MEMBER 1.00 X 0 0 0 RICK STARK BOARD MEMBER 1.00 X 0 0 0 JANIS THIEDEMANN BOARD MEMBER 1.00 X 0 0 0 WENDY F ZELE BOARD MEMBER 1.00 X 0 0 0 ROBERT H CAHEN PHD EXECUTIVE DIRECTOR 20.00 20.00 X 0 146974 41475 DAWN M PLANTE SECRETARY 3.00 40.00 X 0 141829 26008 MICHAEL E MAYHER TREASURER 3.00 40.00 X 0 176762 43976 ANDREA AUSPERK TREASURER 3.00 40.00 X 0 0 0 CATHERINE A BUSH EMPLOYEE 40.00 X 0 140776 40387 0 906114 257891 0 0 1 0 0 13580 1972946 381588 1986526 74568 74568 1003869 843169 160700 160700 160700 3941 13580 14148 -10207 -10207 2211587 0 0 225061 643383 643383 418737 418737 24144 24144 11377 11377 73951 73951 MISCELLANEOUS 162457 162457 FUNDRAISING EXPENSES 10137 10137 MERCHANT FEES 977 977 MEETING EXPENSES 100 100 1345263 1062120 273006 10137 136911 173762 277311 853562 167643 276750 5275 8983 8800 10300 4353249 4537132 696 305 4949885 5860794 58743 65257 58743 65257 X 98158 248788 2324978 2973785 2468006 2572964 4891142 5795537 4949885 5860794 866324 38071 0 X 0 1 X 1 0 X 923761 1093175 800941 809413 1986526 5613816 923761 1093175 800941 809413 1986526 5613816 477769 5136047 53029 62364 64087 63675 74568 317723 24339 24339 5955878 0.86230 0.91700 X 0 0 0 143000 143000 28600 7150 0 0 162871 148425 28600 339896 509844 76649 76649 40718 37106 7150 84974 127461 0 0 3465753 100627 265816 141286 18460 3672450 3267968 65102 272062 122322 17057 3465753 3315180 134558 -59574 105937 16259 3267968 3128786 167886 145663 104691 22464 3315180 2520782 227364 497412 89726 27046 3128786 0.00820 0.69920 0.29260 0 0 0 X 2263806 38071 14148 52219 2211587 0 2211587 1359411 14148 14148 1345263 0 1345263 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, 2018, 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 14,148. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSE 14,148. SA CLOCKTOWER RUN 7844 3903 3941 1403 3068 CITIZEN'S GOLF OUTING 9677 9677 3367 6310 17521 13580 3941 4770 9378 14148 -10207 1 LAKELAND COMMUNITY COLLEGE 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 341011011 282647 360736 COMPARABLE GIFTS IN KIND EDUCATIONAL & RELATED PROGRAMS SCHOLARSHIPS 404 415737 CASH TEACHING AWARDS 4 3000 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 295152 0 0 0 4621 0 85200 0 20845 0 405818 0 0 ROBERT H CAHEN PHD EXECUTIVE DIRECTOR 0 144810 0 0 0 2164 0 20630 0 20845 0 188449 0 0 DAWN M PLANTE SECRETARY 0 141191 0 0 0 638 0 17978 0 8030 0 167837 0 0 MICHAEL E MAYHER TREASURER 0 174525 0 0 0 2237 0 23131 0 20845 0 220738 0 0 CATHERINE A BUSH EMPLOYEE 0 139589 0 0 0 1187 0 19542 0 20845 0 181163 0 0 X 2 10974 FMV X INSTRUCT MTRL 11 364065 FMV X AUCTION ITEMS 56 6549 FMV 0 0 0 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. 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 134100 CASH LAKELAND COMMUNITY COLLEGE B 1089273 CASH LAKELAND COMMUNITY COLLEGE B 360736 DONATED FMV LAKELAND COMMUNITY COLLEGE P 63400 REIMBURSED PAYROLL