2016-01-26T11:32:42-06:00 2015-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2014-07-01 390821861 LAKELAND COLLEGE LAKE 9205651000 PO BOX 359 SHEBOYGAN WI 530520359 CAROLE ROBERTSON VICE-PRESIDENT OF FINANCE, CFO 9205651000 2016-01-26 1 TROY E MARINE CPA P00187863 4147775500 2016-01-26 2014 2016-04-25 22:37:26Z CAROLE ROBERTSON PO BOX 359 SHEBOYGAN WI 530520359 51351792 0 X WWW.LAKELAND.EDU X 1862 WI LAKELAND COLLEGE PROVIDES EDUCATIONAL SERVICES TO UNDERGRADUATE AND GRADUATE STUDENTS IN SHEBOYGAN COUNTY, THROUGHOUT WISCONSIN AND ONLINE THE FEES COLLECTED DIRECTLY RELATE TO THE PROVISIONS OF THOSE SERVICES ON A ONE-TO-ONE BASIS (I.E. THIS REVENUE IS COLLECTED FROM THE BENEFICIARIES OF THE SERVICE) IN ADDITION, HOUSING AND MEAL SERVICES ARE PROVIDED TO THE STUDENTS ATTENDING CLASSES AT THE MAIN CAMPUS LIVING IN THE CAMPUS COMMUNITY IS AN INTEGRAL PART OF THE TRADITIONAL 4 YEAR LIBERAL ARTS EDUCATION, WHICH LAKELAND COLLEGE PROVIDES IN ITS TRADITIONAL DAY - UNDERGRADUATE PROGRAM. 24 24 1369 60 0 -8568 8022846 9514290 41949320 41388376 404020 222129 230532 120845 50606718 51245640 14569227 13858740 0 0 22765429 22746550 0 0 639039 13264868 12312234 50599524 48917524 7194 2328116 40182982 43224850 22804562 23675874 17378420 19548976 X LAKELAND COLLEGE IS EDUCATES UNDERGRADUATE AND GRADUATE STUDENTS AT THEIR LOCATIONS IN WISCONSIN AND ONLINE. TUITION AND FEES COLLECTED FROM THE STUDENTS ARE DIRECTLY APPLICABLE TO INSTRUCTIONAL, ACADEMIC SUPPORT, AND AUXILIARY SERVICES TO STUDENTS. 0 0 11822071 13858740 35541100 ACADEMIC SUPPORT & STUDENT SERVICES: ALL ADMINISTRATIVE OVERSIGHT ACTIVITIES FOR ACADEMIC PROGRAMMING, COLLEGIATE LIBRARY, TUTORING, ACCREDITATION AND ALL SERVICES PROVIDED TO STUDENTS INCLUDING ATHLETICS, GUIDANCE, HEALTH SERVICES, RECRUITMENT, FINANCIAL AID AND GRANTS TO STUDENTS AND OTHER ACTIVITIES. 13351531 162884 INSTRUCTION & ACTIVITIES RELATED TO INSTRUCTION: ALL TEACHING, LEARNING, AND COMMUNITY ACTIVITIES RELATED TO OUR HIGHER EDUCATION EDUCATIONAL MISSION OF THE INSTITUTION INCLUDING THE COSTS OF FACILITIES TO HOLD THESE ACTIVITIES. 5423977 5444218 AUXILIARY SERVICES: RESIDENTIAL AND FOOD SERVICES INCIDENTAL TO THEIR EDUCATION AND HOSTING OF VARIOUS EDUCATIONAL COMMUNITY EVENTS. 8341805 240164 OTHER PROGRAM SERVICES TO PROVIDE OPERATIONAL AND MAINTENANCE SUPPORT OF THE PLANT FOR HOLDING COURSES AND EDUCATIONAL COMMUNITY EVENTS. 8341805 240164 38939384 1 1 0 0 0 0 0 1 0 1 1 1 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 1 128 0 1 1369 1 1 1 0 0 0 0 1 1 0 0 0 0 X 24 24 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 PO BOX 359 SHEBOYGAN WI 53082 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 SECRETARY 1.00 X X 0 0 0 RICHARD ENSWEILER CHAIR OF AUDIT COMMITTEE 1.00 X 0 0 0 JEFF OTTUM CHAIR OF THC 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 JOHN MCFADDEN CHAIR OF API 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 DEB ANSAY TRUSTEE 1.00 X 0 0 0 HAROLD GRIES TRUSTEE 1.00 X 0 0 0 BOB LOFFREDO TRUSTEE 1.00 X 0 0 0 DORON GREEN TRUSTEE 1.00 X 0 0 0 DAVE PIERCE TRUSTEE 1.00 X 0 0 0 WAYMON STEWART TRUSTEE 1.00 X 0 0 0 MIKE BOGENSCHUETZ TRUSTEE 1.00 X 0 0 0 STUART BROTZ TRUSTEE 1.00 X 0 0 0 JEFF SPENCE TRUSTEE 1.00 X 0 0 0 CARLA SALMON TRUSTEE 1.00 X 0 0 0 FRED SEEFELDT TRUSTEE 1.00 X 0 0 0 DANIEL W ECK PRESIDENT 50.00 X X 218876 0 33573 CAROLE ROBERTSON VICE PRESIDENT FOR FINANCE 50.00 X X 135053 0 12377 KENNETH STRMISKA VICE PRESIDENT ADVANCEMENT, FORMER 50.00 X X 141233 0 13750 MARGARET ALBRINCK VICE PRESIDENT FOR ACADEMIC AFFAIRS 50.00 X X 122857 0 22636 ZACHARY VOELZ VICE PRESIDENT FOR ENROLLMENT MANAGEMENT 50.00 X 122537 0 8651 NATHAN DEHNE VICE PRESIDENT FOR STUDENT DEVELOPMENT 50.00 X 114216 0 22729 KHODAVANDI MEHRABAN DIRECTOR OF GRADUATE EDUCATION, PROFESSOR 50.00 X 149620 0 26631 MATTHEW NIEDERJOHN CHARLOTTE & WALTER KOHLER CHARITABLE TRUST, ASSOC. 50.00 X 104721 0 21133 CHARLES STOCKMAN BUSINESS ADMIN DIVISION CHAIR AND PROFESSOR 50.00 X 120617 0 21510 1229730 0 182990 9 0 1 0 FOLLETT HIGHER EDUCATION GROUP 1818 SWIFT DRIVE OAK BROOK IL 605231576 CAMPUS BOOK SHOP 442405 BLACKBOARD PO BOX 200154 PITTSBURGH PA 152510154 EDUCATION TECHNOLOGY 333700 O&W COMMUNICATION 2040 NORTH AVE SHEBOYGAN WI 53083 TELEPHONE PROFESSIONAL SERVICES 194431 GT GRAPHICS 826 MICHIGAN AVENUE SHEBOYGAN WI 53081 PRINTING SERVICES 172369 WAICU ETC 122 W WASHINTON AVENUE SUITE 700 MADISON WI 537032723 EDUCATION TECHNOLOGY 145706 5 6255 641258 5543781 3322996 838706 9514290 EDUCATION, TUITION AND FEES 611600 35541110 35541110 AUXILIARY SERVICES 611600 5444218 5444218 OTHER PROGRAM REVENUE 611710 240164 240164 INSTRUCTION ACTIVITIES 611600 162884 162884 41388376 170700 170700 51309 120 0 0 51309 120 51429 51429 226997 6255 106152 120845 120845 51245640 41388376 0 342974 13858740 13858740 1439186 715195 594950 129041 16446873 10179272 5974139 293462 340556 265447 62614 12495 4519935 3542362 888904 88669 16719 16719 46592 46592 21212 21212 937862 912760 12037 13065 1333753 1168325 134701 30727 806196 612825 190401 2970 1550361 1550361 697045 643774 42319 10952 96037 84132 11905 463244 463244 2525489 1995362 530127 278446 117328 161118 MISCELLANEOUS 1288459 910795 376201 1463 COST OF GOODS SOLD 1021772 1021772 REPAIRS & MAINTENANCE 404733 295243 109490 COMMUNITY SERVICE 385659 329619 56040 438655 272828 165672 155 48917524 38939384 9339101 639039 2230480 3305237 252608 1586515 2659125 408937 384889 79344 83436 545025 385680 62037834 33392638 28069606 28645196 6877317 7578522 133150 182765 40182982 43224850 2390432 3332700 363454 355042 3071825 2941681 13575000 13129925 260842 782041 3143009 3134485 22804562 23675874 X 16127697 16282223 1196603 3175384 54120 91369 17378420 19548976 40182982 43224850 X 2328116 -146734 -10826 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 189428 X X 0 14621357 388250 79912 466299 45344 14577876 13065976 281063 1838522 567000 -2796 14621357 11793306 783339 998221 506050 2840 13065976 11466322 687911 174831 512411 23347 11793306 9956017 379356 1653345 511190 11206 11466322 0.18670 0.70690 0.10640 0 1 1 1698324 1698324 39329252 20929616 18399636 581019 34255 546764 6266734 4400890 1865844 14162505 8027877 6134628 28645196 OTHER EQUITY INDEX FUNDS 7578522 C 7578522 POST RETIREMENT 1420528 ASSETS RETIREMENT OBLIGATION 522408 INTEREST RATE EXCHANGE AGREEMENTS 497659 ANNUITY OBLIGATIONS 82360 STUDENT DEPOSITS 212613 AGENCY FUNDS 398917 3134485 X 37314280 -146734 -146734 37461014 21212 13763414 13784626 51245640 35143724 0 35143724 21212 13752588 13773800 48917524 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 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 COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF JUNE 20, 2015 AND 2014. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR FISCAL YEAR 2012 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 13,858,740. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYBALE 33,202. UNREALIZED GAIN ON SWAP -48,168. FIN 47 AMORTIZATION EXPENSE 25,792. FUNDRAISING EXPENSES -106,152. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 13,858,740. FUNDRAISING EXPENSES -106,152. 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 LAKALAND COLLEGE RECEIVED A GOVERNEMENT GRANT FOR A MALAWI MASTERS IN EDUCATION PROGRAM FOR A THREE YEAR PERIOD. THE MALAWI COHORTS OF 10 STUDENTS ATTEND LAKELAND COLLEGE FOR ONE YEAR AT THE SHEBOYGAN CAMPUS TO COMPLETE THE MED COURSE WORK AND THEN ARE MONITORED AND ACCESSED IN MALAWI FOR ONE YEAR, AND GRATUATE UPON COMPLETION. OUR FACULTY ADVISORS REVIEW IN MALWAI THEIR PRACTICTIONER WORK AND THERE IS A FULL TIME MENTOR/ADVIOSR IN MALAWI. THE GRANT WAS FOR $880,000 AND LAKELAND CONTRIBUTES IN ADDITION $330,000 TO SUPPORT THESE TWO 10 STUDENT COHORTS. 1 SUB-SAHARAN AFRICA-MALAWI 0 0 GRANTS AND SCHOLARSHIPS USAID MALAWI PROGRAM - EDUCATE STUDENTS SELECTED BY USAID FOR A MASTERS OF EDUCATION DEGREE WITH AN EMPHASIS IN EARLY GRADE READING AND INSTRUCTION. 387047 SUB-SAHARAN AFRICA-GHANA, KENYA, UGANDA 0 0 GRANTS AND SCHOLARSHIPS ZAWADI AFRICA EDUCATION FUND - SPONSORSHIP OF 4 STUDENTS FOR THEIR EDUCATION, BOOKS AND LIVING EXPENSES FOR 4 YEARS TO GRADUATION. 74929 0 0 0 0 0 0 461976 0 461976 SCHOLARSHIPS FOR GRADUATE STUDENTS 20 387047 GRANTS AND SCHOLARSHIPS SCHOLARSHIP 74929 GRANTS AND SCHOLARSHIPS FMV 0 0 0 0 0 0 GALA EVENT 157297 157297 69999 BLASTERS GOLF TOURNAMENT 75955 6255 69700 150 36003 233252 6255 226997 150 106002 106152 120845 1 FEDERAL GRANTS 1005 3022110 FEDERAL WORK STUDY 367 838210 INSTITUTIONAL GRANTS 535 8271239 OUTSIDE GRANTS 217 689425 STATE GRANTS 390 1037756 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 FINANCIAL AID DEPARTMENT MONITORS ALL GRANTS AND SCHOLARSHIPS USING POWERFAIDS SOFTWARE WHICH IS VERIFIED WITH COD BEFORE DISBURSEMENTS ARE PROCESSED. FOR OUTSIDE AND OTHER INSTITUTIONAL AID, THE FINANCIAL 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 218876 0 0 0 0 0 14852 0 18721 0 252449 0 0 0 KENNETH STRMISKA VICE PRESIDENT ADVANCEMENT, FORMER 141233 0 0 0 0 0 9687 0 4063 0 154983 0 0 0 KHODAVANDI MEHRABAN DIRECTOR OF GRADUATE EDUCATION, PROF 149620 0 0 0 0 0 9729 0 16902 0 176251 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 2013-10-08 10000000 SEE PART IV 0 0 0 B WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 2013-10-23 4250000 SEE PART IV 0 0 0 A 472500 10000000 10000000 1 0 1 1 B 202500 4250000 4250000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 1 BMO HARRIS BANK NA 5.000000000000 0 0 0 0 1 B 0 1 0 0 1 1 BMO HARRIS BANK NA 5.000000000000 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, LINE A, COLUMN (F): REFUND A PORTION OF THE $16,100,000 ADJUSTABLE RATE REVENUE BONDS SERIES 2010 (LAKELAND COLLEGE) ISSUED ON JUNE 14, 2010 SCHEDULE K, PART I, LINE B, COLUMN (F): REFUND A PORTION OF THE $16,100,000 ADJUSTABLE RATE REVENUE BONDS SERIES 2010 (LAKELAND COLLEGE) ISSUED ON JUNE 14, 2010 ROHDE DALES LLC TRUSTEE IS PARTNER IN ENTITY PROVIDING LEGAL SERVICES 9388 LEGAL SERVICES 0 ANSAY AND ASSOCIATES TRUSTEES HUSBAND OWNS AGENCY, TRUSTEE DOES NOT PARTICIPATE IN BUSINESS 260778 INSURANCE AGENT 0 X 1 838706 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 A BOARD MEMBER'S SPOUSE IS THE OWNER OF A VENDOR AGENT. 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 VICE-PRESIDENT OF FINANCE/CFO OF THE COLLEGE REVIEWS ALL CONFLICT OF INTEREST POLICIES FROM TRUSTEES AND KEY EMPLOYEES, AND PASSES ANY ITEMS THAT ARE OF CONCERN TO THE AUDIT COMMITTEE. 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 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 -33,202. UNREALIZED GAIN ON SWAP 48,168. FIN 47 AMORTIZATION EXPENSE -25,792. 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 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LAKELAND COLLEGE FOUNDATION INC C 641258 CASH