2017-05-08T09:54:34-05:00 2016-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2015-07-01 390821861 LAKELAND COLLEGE LAKE 9205651000 W3718 SOUTH DR PLYMOUTH WI 53073 CAROLE ROBERTSON VICE-PRESIDENT OF FINANCE, CFO 9205651000 2017-05-04 1 TROY MARINE CPA P00187863 4147775500 2017-05-04 2015 2021-01-29 14:40:06Z X CAROLE ROBERTSON W3718 SOUTH DR PLYMOUTH WI 53073 50902025 0 X WWW.LAKELAND.EDU X 1862 WI LAKELAND COLLEGE EDUCATED 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. 23 23 1239 50 347 0 9514290 8475075 41388376 39200085 222129 -56710 120845 1820929 51245640 49439379 13858740 14208909 0 0 22746550 19868952 0 0 649646 12312234 11463568 48917524 45541429 2328116 3897950 43224850 50281468 23675874 27779397 19548976 22502071 X LAKELAND COLLEGE EDUCATED 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 15725689 14208909 35434079 INSTRUCTION AND RELATED ACTIVITIES INCLUDE EXPENDITURES FOR ALL INSTRUCTION COSTS, INCLUDING GRANTS, AND RELATED ACTIVITIES. 8415731 193121 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. 3451750 5285225 AUXILIARY SERVICES INCLUDE EXPENDITURES FOR DINING SERVICES, RESIDENCE LIFE, AND RELATED ACTIVITIES. 12828781 354950 OTHER PROGRAM SERVICES INCLUDE MARKETING AND ADMISSIONS AND OPERATIONS AND MAINTENANCE. 12828781 354950 40421951 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 1 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 1 122 0 1 1239 1 1 1 0 0 0 0 1 1 0 0 0 0 X 23 23 1 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X X CAROLE ROBERTSON 9205651000 W3718 SOUTH DR PLYMOUTH WI 53073 BARBARA GANNON BOARD CHAIR 1.00 X X 0 0 0 PETER REDDIN VICE BOARD CHAIR/TREASURER 1.00 X X 0 0 0 WILLIAM SHELDON SECRETARTY 1.00 X X 0 0 0 RICHARD ENSWEILER CHAIR OF AUDIT COMMITTEE 1.00 X 0 0 0 DEBRA ANSAY CHAIR API 1.00 X 0 0 0 DEBORAH WENTE CHAIR OF ECR 1.00 X 0 0 0 IRV KAAGE CHAIR OF E&R 1.00 X 0 0 0 JEFFREY SPENCE CHAIR OF THC 1.00 X 0 0 0 ROBERT MELZER FORMER BOARD CHAIR/TRUSTEE 1.00 X 0 0 0 KATHIE POWERS TRUSTEE 1.00 X 0 0 0 JEFF LAMMERS TRUSTEE 1.00 X 0 0 0 JILL WAGNER TRUSTEE 1.00 X 0 0 0 DAVID PIERCE TRUSTEE 1.00 X 0 0 0 JOHN MCFADDEN TRUSTEE 1.00 X 0 0 0 ROBERT LOFFREDO TRUSTEE 1.00 X 0 0 0 JEFFREY OTTUM TRUSTEE 1.00 X 0 0 0 JOSE ARAUJO TRUSTEE 1.00 X 0 0 0 WAYMON STEWART TRUSTEE 1.00 X 0 0 0 MICHAEL BOGENSCHUETZ TRUSTEE 1.00 X 0 0 0 STUART BROTZ TRUSTEE 1.00 X 0 0 0 TRYG JACOBSON TRUSTEE 1.00 X 0 0 0 CARLA SALMON TRUSTEE 1.00 X 0 0 0 FREDERIC SEEFELDT TRUSTEE 1.00 X 0 0 0 DANIEL W ECK PRESIDENT 50.00 X X 209227 0 21821 CAROLE ROBERTSON VICE PRESIDENT FOR FINANCE 50.00 X X 131975 0 7042 ELIZABETH BORGEN VICE PRESIDENT ADVANCEMENT 50.00 X 85141 0 5521 MARGARET ALBRINCK VICE PRESIDENT FOR ACADEMIC AFFAIRS 50.00 X X 129223 0 20104 ZACHARY VOELZ VICE PRESIDENT FOR ENROLLMENT MANAGEMENT 50.00 X 123821 0 14794 MEHRABAN KHODAVANDI DIRECTOR OF GRADUATE EDUCATION, PROFESSOR 50.00 X 153175 0 18349 M SCOTT NIEDERJOHN CHARLOTTE & WALTER KOHLER CHARITABLE TRUST, ASSOC 50.00 X 118977 0 19128 JEFF ELZINGA PROFESSOR OF WRITING 50.00 X 103592 0 18353 1055131 0 125112 7 0 1 0 SCHNEIDER & SCHNEIDER MECHANICAL INC 414 S HIGHWAY W MT CALVARY WI 53057 CONSTRUCTION 904419 A CHAPPA CONSTRUCTION LLC 443 N MAIN ST SHEBOYGAN FALLS WI 53085 CONSTRUCTION 715345 GORDON FOOD SERVICE PO BOX 2825 GRAND RAPIDS MI 495012825 FOOD SUPPLIER 491659 FOLLETT HIGHER EDUCATION GROUP 3 WESTBROOK CORPORATE CENTER STE WESTCHESTER IL 601545728 CAMPUS BOOKSTORE 467855 PLYMOUTH UTILITIES PO BOX 277 PLYMOUTH WI 53073 UTILITIES 447341 31 29987 324349 6357335 1763404 216832 8475075 EDUCATION, TUITION AND FEES 611600 35434079 35434079 AUXILIARY SERVICES 611600 3214094 3202298 11796 OTHER PROGRAM REVENUE 611710 358791 354950 3841 INSTRUCTION ACTIVITIES 611600 193121 193121 39200085 136473 136473 59614 74904 -15290 -15290 -15290 26755 166428 -26755 -166428 -193183 -193183 325895 29987 231184 94711 94711 2082927 963375 1119552 1119552 INSURANCE REIMBURSEMENT 900099 621956 621956 621956 49439379 40304000 347 659957 14208909 14208909 1227732 774906 349826 103000 14546425 12035400 2253241 257784 670535 525642 122060 22833 3424260 2672937 656825 94498 9556 9556 49900 49900 3026 3026 1049899 920568 58029 71302 1005476 926644 60246 18586 593943 519384 52510 22049 739086 507345 231091 650 1537478 1537478 800938 750779 26873 23286 98169 85871 11141 1157 429206 426001 3205 2580050 2504657 66914 8479 95263 44963 50300 MAINTENANCE & REPAIRS 904394 904394 UNCOLLECTIBLES 397517 280008 117509 MISCELLANEOUS 364954 53985 302732 8237 EQUIPMENT RENTAL & MAIN 361674 278829 82845 443039 463251 -37997 17785 45541429 40421951 4469832 649646 3305237 4885530 804899 635161 1854226 6199152 384889 336170 83436 83372 385680 328921 65115897 35850876 28645196 29265021 7578522 8509663 182765 38478 43224850 50281468 3332700 7924677 355042 305788 2941681 2530520 13129925 12346215 782041 816322 3134485 3855875 23675874 27779397 X 16282223 17294209 3175384 5204229 91369 3633 19548976 22502071 43224850 50281468 X 3897950 -102863 -300686 -541306 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 189428 X X 0 14878562 272061 74463 304890 43773 14876423 14621357 388250 79912 466299 45344 14577876 13065976 281063 1838522 567000 -2796 14621357 11793306 783339 998221 506050 2840 13065976 11466322 687911 174831 512411 23347 11793306 0.12680 0.73190 0.14130 0 1 1 1698324 1698324 40718657 22022213 18696444 761637 126209 635428 6474379 4419650 2054729 15462900 9282804 6180096 29265021 POST RETIREMENT 1328014 ASSETS RETIREMENT OBLIGATION 555323 INTEREST RATE EXCHANGE AGREEMENTS 774676 ANNUITY OBLIGATIONS 440922 STUDENT DEPOSITS 214791 AGENCY FUNDS 542149 3855875 X 35852737 -102863 -102863 35955600 3026 13480752 13483778 49439378 32598957 0 32598957 3026 12939446 12942472 45541429 PART III, LINE 4: WORKS OF ART ARE INCLUDED WITH THE COLLEGE'S ASSETS, AND ON DISPLAY ON CAMPUS FOR PUBLIC VIEWING. PART X, LINE 2: THE COLLEGE 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 COLLEGE IS SUBJECT TO INCOME TAXES ON ANY INCOME THAT IS DERIVED FROM A TRADE OR 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 THE NET INCOME, IF ANY, FROM UNRELATED TRADE OR BUSINESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 14,208,909. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYBALE 219,706. UNREALIZED LOSS ON SWAP 277,017. FIN 47 AMORTIZATION EXPENSE 44,583. FUNDRAISING EXPENSES -231,184. COST OF GOODS SOLD -963,375. RENTAL EXPENSES -74,904. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 14,208,909. FUNDRAISING EXPENSES -231,184. COST OF GOODS SOLD -963,375. RENTAL EXPENSES -74,904. 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 COLLEGE. SCHEDULE E, PART I, LINE 6 LAKELAND COLLEGE RECEIVED SEVERAL GOVERNMENT GRANTS, INCLUDING THE FOLLOWING: 1. OAK RIDGE NATIONAL LABORATORY, WHICH FUNDS STUDENT RESEARCH IN THE NATURAL SCIENCES DEPARTMENT; 2. USAID MALAWI, WHICH SUPPORTS STUDENTS FROM MALAWI, AFRICA WHO ARE OBTAINING GRADUATE EDUCATION AT LAKELAND; AND 3. WISCONSIN EARLY CHILDHOOD ASSOCIATION, WHICH SUPPORTS THE COLLABORATION OF LAKELAND AND MILWAUKEE AREA TECHNICAL COLLEGE TO IMPROVE RETENTION AND STANDARDIZED TEST SCORES FOR STUDENTS IN THE EDUCATION PROGRAM. 1 SUB-SAHARAN AFRICA-MALAWI 0 1 GRANTS AND SCHOLARSHIPS USAID MALAWI PROGRAM - EDUCATE STUDENTS SELECTED BY USAID FOR INTERNATIONAL DEVELOPMENT (AID) TO FULFILL A MASTERS OF EDUCATION DEGREE WITH AN EMPHASIS IN EARLY GRADE READING AND INSTRUCTION 391717 1 1 0 0 1 1 391717 0 391717 SCHOLARSHIPS FOR GRADUATE STUDENTS SUB-SAHARAN AFRICA 11 391717 GRANTS AND SCHOLARSHIPS 0 0 0 0 0 0 GALA EVENT 332138 24780 307358 46000 21996 2000 137119 BLASTERS GOLF TOURNAMENT 23744 5207 18537 11040 509 12520 355882 29987 325895 57040 22505 2000 149639 231184 94711 1 FEDERAL GRANTS, STATE GRANTS, INSTITUTIONAL GRANTS 1013 2869949 FEDERAL WORK STUDY 305 685513 INSTITUTIONAL GRANTS 1116 8831130 OUTSIDE GRANTS 254 934291 STATE GRANTS 396 888026 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 COLLEGE'S FINANICAL AID DEPARTMENT MONITORS ALL GRANTS AND SCHOLARSHIPS USEING POWERFAIDS SOFTWARE WHICH IS VERIFIED WITH COD BEFORE DISBURSEMENTS ARE PROCESSED. FOR OUTSIED AND OTHER INSTIUTIONAL AID, THE FINANICAL AID DEPARTMENT FOLLOWS THE SAME PROCEDURES. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DANIEL W ECK PRESIDENT 209227 0 0 0 0 0 10800 0 11021 0 231048 0 0 0 MEHRABAN KHODAVANDI DIRECTOR OF GRADUATE EDUCATION, PROF 153175 0 0 0 0 0 4997 0 13352 0 171524 0 0 0 PART I, LINE 1A THE PRESIDENT'S COMPENSATION INCLUDES PAYMENTS FOR CLUB DUES AND THESE DUES ARE REPORTED ON THE W-2. A WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2013-10-10 10000000 REFINANCE OF THE 2010 BONDS FOR CONSTRUCTION OF FACILITIES 0 0 0 B WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2013-10-23 4250000 REFINANCE OF THE 2010 BONDS FOR CONSTRUCTION OF FACILITIES 0 0 0 A 518000 10000000 10000000 1 0 1 1 B 222000 4250000 4250000 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 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 ROHDE DALES LLC TRUSTEE IS PARTNER IN ENTITY PROVIDING LEGAL SERVICES 4226 LEGAL SERVICES 0 ANSAY AND ASSOCIATES TRUSTEES HUSBAND OWNS AGENCY, TRUSTEE DOES NOT PARTICIPATE IN BUSINESS 77406 INSURANCE AGENT 0 X 1 FMV X 8 125403 FMV X OTHER 26 43060 FMV X TOILETS, SINKS 1 32843 FMV X ICE MACHINE 1 15526 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 A BOARD OF TRUSTEES MEMBER IS MARRIED TO THE OWNER OF OUR INSURANCE VENDOR. A BOARD OF TRUSTEES MEMBER IS AN ATTORNEY AT A LEGAL FIRM USED BY THE INSTITUTION. FORM 990, PART VI, SECTION B, LINE 11 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 THE COLLEGE'S HUMAN RESOURCE DIRECTOR PROVIDES THE CHAIRMAN OF THE BOARD COMPARATIVE DATA, COLLEGE'S POLICY AND RECOMMENDATIONS THE CHAIRMAN REVIEWS AND DISCUSSES WITH THE EXECUTIVE COUNCIL IF NECESSARY AND APPROVES THE EMPLOYEE'S WAGES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S 990 AND OTHER POLICIES ARE AVAILABLE UPON REQUEST FROM THE VICE PRESIDENT OF FINANCE, ON THE COLLEGE'S WEBSITES AND FOR PUBLIC VIEWING THROUGH GUIDESTAR. FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -219,706. UNREALIZED LOSS ON SWAP -277,017. FIN 47 AMORTIZATION EXPENSE -44,583. 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 COLLEGE FOUNDATION PO BOX 359 SHEBOYGAN WI 530820359 391655132 TO PROVIDE SCHOLARSHIPS TO LAKELAND COLLEGE STUDENTS WI 501(C)(3) LINE 7 LAKELAND COLLEGE 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LAKELAND COLLEGE FOUNDATION INC C 324349 CASH