2017-01-13T15:04:26-07:00 2016-06-30 990 2015-07-01 381369604 LAWRENCE TECHNOLOGICAL UNIVERSITY LAWR 2482044000 21000 West Ten Mile Road Southfield MI 480751058 Linda Height VP of Finance and Admin. 2482042100 2017-01-13 2015 2021-01-29 14:40:06Z VIRINDER MOUDGIL 21000 WEST TEN MILE RD SOUTHFIELD MI 48075 70575178 0 X www.ltu.edu X 1932 MI A higher educational University by its mission to develop leaders through innovative and agile programs embracing theory and practice. The University's Vision is to be a preeminent private university producing leaders with an entrepreneurial spirit and global view. 20 19 1517 0 0 0 12029742 1474931 60244728 66460324 1344600 2001703 -9911 41832 73609159 69978790 0 0 0 0 36192710 37841734 0 0 4557842 26253737 26744935 62446447 64586669 11162712 5392121 179371591 185642855 57356760 58954928 122014831 126687927 To develop leaders through innovative and agile programs embracing theory and practice. 0 0 38563639 0 62502194 Higher Education : Associates, Baccalaureate, Graduate Program Services were provided to 4,971 students and 903 received degrees. This activity contributes importantly to the University's purpose by providing funding for educational services at less than the aggregate costs of these services. This is the exempt purpose of the University. 1120774 0 3611580 Higher Education : Campus apartments, residences, and residential services were provided for 1,543 students primarily in housing. These activities are important components for the University's primary exempt purpose of providing educational services. These activities include housing, cafeteria services, bookstore services, and other related services deemed necessary for the students. 6608842 0 346550 Higher Education : Student Activities - Academic associations, student government, recreational and athletic programs. Participation in various associations were used by 3,421 students. These activities are important components for the University's primary exempt purposes of providing educational services. These activities include library, copier, transcripts, fines and other various services. 0 0 0 46293255 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 315 0 1 1517 1 0 1 CA 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Linda Height 2482042100 21000 West Ten Mile Rd Southfield MI 480751058 Victor A Saroki Board Member 1 0 X 0 0 0 Virinder Moudgil President 40 0 X X X X 421593 0 0 Lauren L Bowler Board Member 1 0 X 0 0 0 Raymond Khan Board Member 1 0 X 0 0 0 Howard B Padgham Board Member 1 0 X 0 0 0 John G Petty Board Member 1 0 X 0 0 0 Lloyd E Reuss BOARD MEMBER 1 0 X 0 0 0 Joseph E Champagne Board Member 1 0 X 0 0 0 David B Wohleen Board Member 1 0 X 0 0 0 Douglas E Ebert CHAIRMAN OF THE BOARD 4 0 X 0 0 0 Frederick M Adams Jr Board Member 1 0 X 0 0 0 Barbara Samardzich Board Member 1 0 X 0 0 0 Elizabeth Howell Board Member 1 0 X 0 0 0 Larry D Lyons Board member 1 0 X 0 0 0 Marcy Klevorn Board Member 1 0 X 0 0 0 Vincent G Dow Board Member 1 0 X 0 0 0 John G Smith Board Member 1 0 X 0 0 0 Daniel W Winey Board Member 1 0 X 0 0 0 Cary B Wood Board Member 1 0 X 0 0 0 Mary Ann Wright Board Member 1 0 X 0 0 0 Linda Height Chief Financial Officer 40 0 X X X 204346 0 0 Dennis Howie Acting Vice President of Advancement 40 0 X 153769 0 0 Nabil Grace Dean of Engineering 40 0 X X 317871 0 0 Maria Vaz Provost 40 0 X X 231778 0 0 Amiy Deines Acting Dean of Architecture 40 0 X 188605 0 0 Joseph Veryser University's Architect 40 0 X 157594 0 0 Lisa Kujawa Associate Provost 40 0 X 164203 0 0 Hsiao-Ping H Moore Dean of Arts & Science 40 0 X 141438 0 0 Timothy Chavis Chief Information Officer 40 0 X 169777 0 0 Bahman Mirshab Dean of College of Management 40 0 X X 203492 0 0 2354466 0 0 50 0 1 0 Corax Business Solutions Inc 2774 Waterloo Troy MI 48084 Professional Development 694120 DEMARIA BUILDING COMPANY 45500 GRAND RIVER NOVI MI 48374 CONSTRUCTION COMPANY 8597561 UNIVERSITY HOUSING SOLUTIONS 11 N MULBERRY ST MANSFIELD OH 44902 CONSTRUCTION SERVICES 2384970 Aramark 527 Plymouth Plymouth Meeting PA 19462 Maintenance Services 3561651 YELLOW FLAG PRODUCTIONS 180 HIGH OAK ST BLOOMFIELD HILLS MI 48304 ADVERTISING 487000 38 0 0 0 0 0 1474931 0 1474931 66460324 66460324 0 0 66460324 2001703 2001703 0 0 0 0 0 0 0 0 0 0 638220 0 596388 0 41832 0 41832 41832 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 69978790 68503859 0 0 0 0 0 0 0 0 0 0 1844893 851407 839717 153769 31154508 24094778 5755406 1304324 0 0 0 0 448321 361766 59237 27318 2368069 1775359 446474 146236 2025943 1710325 214004 101614 0 0 0 0 127099 0 127099 0 123467 0 123467 0 41927 0 0 41927 0 0 0 0 0 0 3903143 2847429 839742 215972 1790723 609120 12585 1169018 3945481 2870325 879937 195219 1766574 1766574 0 0 0 0 0 0 1949668 1442870 364739 142059 1091509 922985 148121 20403 0 0 0 0 0 0 0 0 1653351 1174216 363527 115608 0 0 0 0 6157560 4458095 1260539 438926 378037 0 378037 0 EDUCATION TRAINING DUES 1682503 842487 798689 41327 MISC EXPENSES 621352 67397 536012 17943 PRINTING, PUBLICATIONS, POSTAGE, TELEPHONE 687676 360462 36813 290401 EQUIPMENT RENTAL & MAINTENANCE 824865 137660 551427 135778 0 0 0 0 64586669 46293255 13735572 4557842 20887652 15852035 0 0 10503382 10382388 4436523 5025100 0 0 0 0 1098257 1139653 0 0 1135535 1471691 163488963 74901654 78340032 88587309 62970210 63184679 0 0 0 0 0 0 0 0 179371591 185642855 11676795 13544932 379945 376862 2988426 3179358 35636000 36593000 0 0 0 0 3824753 2486641 0 0 2850841 2774135 57356760 58954928 X 43248804 59114878 53904565 41919381 24861462 25653668 122014831 126687927 179371591 185642855 X 5392121 0 0 0 0 -719025 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 41927 41927 65183057 65224984 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 112550 60137 39266 41927 253880 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 47859681 788026 -141794 0 3095386 0 45410527 41478740 7168321 511794 0 1299174 0 47859681 28820115 9250383 4730146 0 1321904 0 41478740 26972974 300028 2630207 0 1083094 0 28820115 28289475 721686 -828347 0 1209840 0 26972974 0.07 0.56 0.37 0 0 934607 0 934607 103589288 0 43987834 59601454 5844359 0 4432890 1411469 37430710 0 26480930 10949780 15689999 0 0 15689999 88587309 0 DEPOSITS FROM STUDENTS 1349442 FAIR VALUE OF INTEREST SWAP 1424693 2774135 70096799 76177 0 0 41832 118009 69978790 0 0 0 69978790 65183057 0 0 0 596388 596388 64586669 0 0 0 64586669 Schedule D, Part V, Line 4 THE UNIVERSITY'S ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. PERMANENTLY RESTRICTED FUNDS ARE SUBJECTED TO DONOR IMPOSED RESTRICTIONS THAT RESOURCES BE MAINTAINED INDEFINITELY, BUT PERMITS THE UNIVERSITY TO USE OR EXPEND PART OR ALL OF THE INCOME DERIVED FROM THE DONATED ASSETS. TEMPORARY RESTRICTED ARE SUBJECTED TO DONOR IMPOSED RESTRICTIONS THAT PERMIT THE UNIVERSITY TO USE OF EXPEND THE ASSET EITHER BY THE PASSAGE OF TIME OR OTHER ACTIONS BY THE UNIVERSITY. BOARD DESIGNATED FUNDS ARE NEITHER PERMANENTLY RESTRICTED OR TEMPORARY RESTRICTED BY DONOR IMPOSED STIPULATIONS. THESE FUNDS MAY BE DESIGNATED FOR SPECIFIC PURPOSES BY ACTION OF THE BOARD OF DIRECTORS. Schedule D, Part XI, Line 2d CONSISTS OF NET RENTAL INCOME OF HELD PROPERTIES. Schedule D, Part XII, Line 2d CONSISTS OF OPERATING EXPENSES ON RENTAL PROPERTIES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 THIS INFORMATION IS PART OF THE ADMISSION'S/REGISTRATION PROCESS, INCLUDING ITS BROCHURES AND WEB SITE. Schedule E, Part I, Line 6 STUDENTS ARE AWARDED PELL GRANTS, FEDERAL WORK STUDIES, PERKIN LOANS, SEOG GRANTS, AND OTHERS WHICH THE UNIVERSITY RECEIVES FROM THE FEDERAL GOVERNMENT DIRECTLY AND APPLIES THE RECEIPTS TO STUDENT ACCOUNTS IN ACCORDANCE WITH THE RULES AND REGULATIONS SET FORTH BY THE GOVERNING PROGRAMS. X 1 1 X X 0 0 0 0 0 0 0 0 0 Virinder Moudgil President 375000 0 0 0 46592 0 9375 0 24689 0 455656 0 0 0 Nabil Grace Dean of Engineering 202530 0 0 0 115341 0 5063 0 23693 0 346627 0 0 0 Maria Vaz Provost 231478 0 0 0 300 0 5787 0 24261 0 261826 0 0 0 Linda Height Chief Financial Officer 204128 0 0 0 0 0 5103 0 15678 0 224909 0 0 0 Bahman Mirshab Dean of College of Management 202652 0 0 0 0 0 5066 0 25326 0 233044 0 0 0 Amiy Deines Acting Dean of Architecture 188605 0 0 0 0 0 4715 0 22544 0 215864 0 0 0 Timothy Chavis Chief Information Officer 169777 0 0 0 0 0 4244 0 24777 0 198798 0 0 0 Lisa Kujawa Associate Provost 164202 0 0 0 0 0 4105 0 24617 0 192924 0 0 0 Joseph Veryser University's Architect 157594 0 0 0 0 0 3939 0 10547 0 172080 0 0 0 Dennis Howie Acting Vice President of Advancement 153769 0 0 0 0 0 3825 0 24318 0 181912 0 0 0 Schedule J, Part I, Line 1a AN AUTOMOBILE AND HOUSING RESIDENCE IS FURNISHED FOR THE PRESIDENT OF THE UNIVERSITY. Schedule J, Part I, Line 3 THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DOCUMENTING THE UNIVERSITY PRESIDENT'S COMPENSATION WHICH IS DONE ANNUALLY. A The EDC of the County of Oakland Mi 383442443 2010-09-29 10663000 Advance Refund Series 1998A Bonds and Note Payable 0 0 0 B The EDC of the County Of Oakland Mi 383442443 2014-04-29 11980000 Construction of Student Housing 0 0 0 A 10663000 0 10663000 0 0 0 133788 0 0 0 0 0 2010 1 1 1 1 B 0 0 11980000 0 0 0 180000 0 0 11980000 0 0 2015 0 0 0 1 A 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 1 A 0 0 1 0 1 1 PNC BANK 7 0 0 0 0 1 B 0 0 0 0 1 1 PNC BANK SOUTHFIEL MI 7 0 0 0 0 1 A 1 B 1 X 2 150000 FMV X 1 462881 MARKET VALUE 0 0 0 0 Form 990, Part VI, Section B, Line 11b THE FINANCE COMMITTEE OF THE BOARD REVIEWS THE 990 TAX RETURN AND ITS ATTACHMENTS AND THEN RECOMMENDS TO THE BOARD APPROVAL OF THE 990 TAX RETURN FOR THE YEAR UNDER REVIEW. THIS PROCESS IS DOCUMENTED IN THE MINUTES OF BOTH THE COMMITTEE AND THE BOARD OF DIRECTORS MINUTES. Form 990, Part VI, Section B, Line 12c ANNUAL SIGNED DISCLOSURES STATEMENTS ARE COMPLETED BY THE BOARD OF DIRECTORS WITH ANY EXCEPTIONS FOLLOWED UP BY THE BOARD. Form 990, Part VI, Section B, Line 15 THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DOCUMENTING THE UNIVERSITY'S PRESIDENTS COMPENSATION. THE OTHER COMPENSATION DOCUMENTATION IS COMPLETED BY THE HUMAN RESOURCES DEPARTMENT ANNUALLY. Form 990, Part VI, Section C, Line 19 THE 990 RETURN ARE AVAILABLE UPON THE REQUEST TO THE VP OF FINANCE OR THE PRESIDENT'S OFFICE. COPIES OF THE TAX RETURN ARE AVAILABLE IN THE UNIVERSITY'S LIBRARY SERVICES FOR REVIEW AS WELL. Form 990, Part XI, Line 9 CONSISTS OF NET INVESTMENT LOSSES, PLEDGES , AND NET SURPLUS ON RENTALS.