2015-01-12T13:24:04-06:00 2014-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2013-07-01 390806297 LAWRENCE UNIVERSITY OF WISCONSIN LAWR 9208327164 711 E BOLDT WAY APPLETON WI 54911 CHRISTOPHER LEE VP FOR FINANCE & ADMINISTRATION 9208327164 2014-12-19 1 TROY E MARINE CPA P00187863 4147775500 2014-12-19 2013 2016-03-07 17:11:31Z CHRISTOPHER LEE 711 E BOLDT WAY APPLETON WI 54911 142431166 0 X WWW.LAWRENCE.EDU X 1847 WI TO PROVIDE A HIGH QUALITY, LIBERAL ARTS EDUCATION AND SOUND CAREER PREPARATION TO ITS STUDENTS. 30 29 1965 30 26946 -14005 16431332 37548405 67824478 71895372 6645076 4299588 468239 392113 91369125 114135478 26269424 29576516 0 0 36686033 37650116 0 0 2603788 21638866 23724891 84594323 90951523 6774802 23183955 355773887 409261567 56615940 54877693 299157947 354383874 X LAWRENCE UNIVERSITY OF WISCONSIN, THROUGH ITS UNDERGRADUATE RESIDENTIAL COLLEGE AND CONSERVATORY OF MUSIC, EDUCATES STUDENTS IN THE LIBERAL ARTS AND SCIENCES. THE UNIVERSITY IS DEVOTED TO EXCELLENCE AND INTEGRITY IN ALL OF ITS ACTIVITIES AND COMMITTED TO THE DEVELOPMENT OF INTELLECT AND TALENT, THE PURSUIT OF KNOWLEDGE AND UNDERSTANDING, THE CULTIVATION OF SOUND JUDGMENT, AND RESPECT FOR THE PERSPECTIVES OF OTHERS. LAWRENCE PREPARES STUDENTS FOR LIVES OF ACHIEVEMENT, RESPONSIBLE AND MEANINGFUL CITIZENSHIP, LIFELONG LEARNING, AND PERSONAL FULFILLMENT. AS A LEARNING COMMUNITY OF SCHOLARS AND ARTISTS WE ENGAGE EACH OTHER IN A TRANSFORMATIVE PROCESS THAT EMPHASIZES INDIVIDUALIZED LEARNING, SUPPORTED BY AN ENVIRONMENT OF RICH EDUCATIONAL OPPORTUNITIES IN A RESIDENTIAL CAMPUS SETTING. 0 0 56300085 29576516 62247913 PROVIDE LIBERAL ARTS INSTRUCTION TO 1500 UNIVERSITY STUDENTS. LAWRENCE CURRICULUM PROMOTES EXPOSURE TO A WIDE RANGE OF SUBJECT MATTERS AND INTELLECTUAL APPROACHES. IT ALSO CALLS FOR THE FOCUSED STUDY OF A SINGLE AREA OF KNOWLEDGE. WITHIN THIS GENERAL FRAMEWORK, THE STUDENT EXERCISES WIDE LATITUDE IN BUILDING A COURSE OF STUDY. A LAWRENCE EDUCATION, THEN, RESULTS FROM CONSIDERED CHOICES. THE COLLEGE PROVIDES AMPLE ROOM FOR SUCH CHOICES AND ENCOURAGES STUDENTS TO EXERCISE THEM BOLDLY. THE LAWRENCE UNIVERSITY CONSERVATORY OF MUSIC, NOW IN ITS SECOND CENTURY OF EDUCATING STUDENTS FOR CAREERS IN MUSIC, IS A NATIONALLY RECOGNIZED CONSERVATORY DEVOTED EXCLUSIVELY TO THE EDUCATION OF UNDERGRADUATES WITHIN A DISTINGUISHED COLLEGE OF THE LIBERAL ARTS AND SCIENCES. A SUPERB FACULTY OF PERFORMERS, COMPOSERS, SCHOLARS, AND TEACHERS PRIDE THEMSELVES ON THE INDIVIDUAL ATTENTION GIVEN TO MORE THAN 330 MUSIC MAJORS WHO PURSUE THEIR UNDERGRADUATE DEGREES AT LAWRENCE. 6160568 7657492 PROVIDE FOOD SERVICE AND HOUSING TO 1500 UNIVERSITY STUDENTS. 8553833 674512 PROVIDE STUDENTS WITH SERVICES SUCH AS MUSIC, ATHLETICS, COMMUNITY INVOLVEMENT, RESIDENTIAL LIFE, COUNSELING, HEALTH CENTER, AND MULTICULTURAL AFFAIRS. 5155464 1752055 PROVIDE ACADEMIC SUPPORT TO 1500 STUDENTS THROUGH LIBRARY FACILITIES AND COMPUTER SERVICES 5155464 1752055 76169950 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 1 X 308 0 1 1965 1 1 1 1 CJ EI UK BD 0 0 0 1 1 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 WI X ELIZABETH MILLER 9208327164 711 E BOLDT WAY APPLETON WI 54911 ABIR SEN TRUSTEE 1.00 X 0 0 0 CHARLES D SAUNDERS TRUSTEE 1.00 X 0 0 0 CHARLOT NELSON SINGLETON TRUSTEE 1.00 X 0 0 0 DALE R SCHUH TRUSTEE 1.00 X 0 0 0 DAVID BLOWERS TRUSTEE 1.00 X 0 0 0 DAVID N KNAPP TRUSTEE 1.00 X 0 0 0 DR PETER R BETZER TRUSTEE 1.00 X 0 0 0 EDITH ANDREW TRUSTEE 1.00 X 0 0 0 J TERRENCE FRANKE TRUSTEE 1.00 X 0 0 0 JILL S DOLAN TRUSTEE 1.00 X 0 0 0 JILL BECK FORMER PRESIDENT 40.00 X X 339361 0 63182 JOANNA DEPLAS TRUSTEE 1.00 X 0 0 0 JOHN H ELLERMAN TRUSTEE 1.00 X 0 0 0 KK TSE TRUSTEE 1.00 X 0 0 0 KURT ALBERTINE TRUSTEE 1.00 X 0 0 0 LAN HUANG TRUSTEE 1.00 X 0 0 0 LOUIS B BUTLER TRUSTEE 1.00 X 0 0 0 MARK BURSTEIN PRESIDENT 40.00 X X 154760 0 30066 MARTHA OLSON TRUSTEE 1.00 X 0 0 0 MICHAEL P CISLER TRUSTEE 1.00 X 0 0 0 OVERTON B PARRISH JR TRUSTEE 1.00 X 0 0 0 PETER MUSSER TRUSTEE 1.00 X 0 0 0 RENEE GORAL BOLDT TRUSTEE 1.00 X 0 0 0 ROBERT A ANKER TRUSTEE 1.00 X 0 0 0 ROBERT C BUCHANAN TRUSTEE 1.00 X 0 0 0 ROBERT J SCHAUPP TRUSTEE 1.00 X 0 0 0 SARAH E SCHOTT TRUSTEE 1.00 X 0 0 0 SCOTT D MYERS TRUSTEE 1.00 X 0 0 0 STEPHANIE H VRABEC TRUSTEE 1.00 X 0 0 0 SUSAN FEITH TRUSTEE 1.00 X 0 0 0 SUSAN STILLMAN KANE TRUSTEE 1.00 X 0 0 0 WILLIAM O HOCHKAMMER TRUSTEE 1.00 X 0 0 0 BRIAN RISTE VP FOR BUSINESS AND OPERAT 40.00 X 176497 0 26475 CALVIN HUSMANN VP FOR DEVELOPMENT & ALUMN 40.00 X 177609 0 30396 CHRISTOPHER LEE VP FOR FINANCE AND ADMINISTRATION 40.00 X 20000 0 3000 DAVID BURROWS DEAN OF FACULTY 40.00 X 163949 0 24592 KEN ANSELMENT DEAN OF ADMISSIONS & FA 40.00 X 114301 0 17145 NANCY TRUESDELL DEAN OF STUDENTS 40.00 X 107264 0 16090 BRIAN PERTL DEAN OF CONSERVATORY 40.00 X 164488 0 44673 FREDERICK STURM PROF - MUSIC 40.00 X 128699 0 19305 JEFFREY STANNARD ASSOC DEAN OF CONSERVATORY 40.00 X 115227 0 17284 MARY MEANY DIRECTOR OF CAREER SERVICE 40.00 X 111637 0 16746 1773792 0 308954 15 0 1 0 HEWITT ENNISKNUPP INC 200 EAST RANDOLPH STREET SUITE 150 CHICAGO IL 60601 INVESTMENT SERVICES 213334 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVE 32ND FLOOR MILWAUKEE WI 53202 AUDIT & TAX PREPARATION SERIVES 100911 2 12715 535387 37000303 2263542 37548405 TUITION AND FEES 611710 69905405 69905405 AUXILIARY ENTERPRISE 611710 1752055 1752055 CONSERVATORY 611710 145099 145099 EVENTS 611710 52287 52287 SUMMER CAMPS 611710 35796 35796 4730 4730 71895372 1997715 1997715 13712 0 13712 13712 13212 500 30582304 375 28280806 0 2301498 375 2301873 2301873 47466 12715 14882 32584 32584 MISCELLANEOUS 611710 345817 332083 13734 345817 114135478 72227455 26946 4332672 29576516 29576516 1773792 1773792 27290031 22728571 2780911 1780549 1833743 1429552 283056 121135 4809442 1198772 3606799 3871 1943108 1547082 272611 123415 144676 144676 106688 106688 1436087 675712 739677 20698 189586 26720 161167 1699 1621597 1652459 -54837 23975 2591171 2132681 458490 2071233 1171436 564195 335602 125701 63884 49956 11861 1298191 1285625 12566 6872779 6459926 412853 627141 627141 TUITION EXPENSES 2169683 2169683 REPAIRS AND MAINTENANCE 2051656 1905440 76868 69348 OTHER EXPENSES 1237134 961373 220648 55113 MISCELLANEOUS 595296 790146 -240666 45816 586272 394372 181194 10706 90951523 76169950 12177785 2603788 1357589 3934109 3418116 7968613 10146516 30095173 615233 596400 5776264 5667837 294362 243008 71979 64491 236787859 127735410 111582812 109052449 157815976 180418231 60582554 68120993 4112486 3100263 355773887 409261567 9025562 8283229 1114651 1019821 37094910 35495261 9380817 10079382 56615940 54877693 X 32091880 101840878 116609298 69912050 150456769 182630946 299157947 354383874 355773887 409261567 X 23183955 31528090 513882 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 212431926 11020336 36163657 10143064 249472855 194312077 4408935 22660718 8949804 212431926 214650801 4093643 -3026957 8984739 12420671 194312077 180257588 2806749 41381464 9795000 214650801 168497280 2700306 18235002 9175000 180257588 0.16000 0.84000 1 0 3149876 3149876 172219044 77421451 94797593 61418939 50313959 11104980 109052449 VENTURE CAPITAL 68120993 F 68120993 POSTRETIREMENT OBLIGATIONS 2699292 U.S. GOVERNMENT GRANTS REFUNDABLE 1695570 ANNUITIES PAYABLE 2138993 ASSET RETIREMENT OBLIGATIONS 3271170 DUE TO MEMBERS 274357 10079382 X 116600934 31528090 -29075673 2452417 114148517 -13039 -13039 114135478 61375007 0 61375007 29576516 29576516 90951523 PART III, LINE 1A: THE UNIVERSITY DOES NOT ASSIGN OR RECORD A VALUE FOR ART AND OTHER COLLECTIONS RECEIVED AS GIFTS. ACCORDINGLY, THE VALUE OF CERTAIN ART AND OTHER COLLECTIONS HAS BEEN EXCLUDED FROM THE STATEMENTS OF FINANCIAL POSITION. PART III, LINE 4: THE ARTWORK AND OTHER MISCELLANEOUS COLLECTIONS IN THE UNIVERSITY'S POSSESSION ARE USED TO HELP SUPPORT KNOWLEDGE GROWTH AND WORLDLY EXPERIENCE TO OUR STUDENTS. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO SUPPORT STUDENT SCHOLARSHIPS, FACULTY CHAIR POSITIONS AND OTHER ACADEMIC MISSION RELATED PURPOSES. PART X, LINE 2: THE UNIVERSITY 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 UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2014 AND 2013. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR FISCAL YEAR 2011 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION DISCOUNTS -29,576,516. INTEREST RATE SWAP - MARK TO MARKET 374,356. CHANGE IN VALUE OF SPILT INTEREST AGREEMENTS 179,709. CHANGE IN VALUE OF INTEREST IN TRUSTS -53,222. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DONATED STOCK -13,039. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 29,576,516. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 GENERAL POLICY IS INCLUDED IN ALL SUBSTANTIVE PUBLICATIONS DISTRIBUTED. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL STUDENT AID FROM THE U.S. DEPARTMENT OF EDUCATION INCLUDING PELL GRANTS, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL WORK-STUDY GRANTS, PERKINS LOANS, DIRECT STUDENT LOANS, ACADEMIC COMPETITIVENESS GRANT AND NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT GRANTS. THE UNIVERSITY ALSO RECEIVES RESEARCH AND DEVELOPMENT GRANTS FROM THE NATIONAL INSTITUTE OF HEALTH, NATIONAL SCIENCE FOUNDATION, AND NATIONAL AERONAUTICS AND SPACE ADMINISTRATION. LONDON, ENGLAND 1 1 PROGRAM SERVICES OFF CAMPUS EDUCATIONAL EXPERIENCE 845967 1 1 0 0 1 1 845967 0 845967 0 0 0 0 0 0 GOLF OUTING 28415 12715 15700 10636 TUTTI MUSIC ACADEMY 31766 31766 1600 2646 60181 12715 47466 1600 13282 14882 32584 1 SCHOLARSHIPS TO STUDENTS 1481 29576516 PART I, LINE 2: SCHOLARSHIP AMOUNTS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS AFTER A THOROUGH REVIEW OF ELIGIBILITY AND SELECTION CRITERIA. THE UNIVERSITY HAS AN EXPERIENCED FINANCIAL AID DEPARTMENT THAT MONITORS THE USE OF GRANT FUNDS. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 JILL BECK FORMER PRESIDENT 339361 0 0 0 0 0 12278 0 50904 0 402543 0 0 0 MARK BURSTEIN PRESIDENT 154760 0 0 0 0 0 6852 0 23214 0 184826 0 0 0 BRIAN RISTE VP FOR BUSINESS AND OPERAT 176497 0 0 0 0 0 0 0 26475 0 202972 0 0 0 CALVIN HUSMANN VP FOR DEVELOPMENT & ALUMN 177609 0 0 0 0 0 0 0 30396 0 208005 0 0 0 DAVID BURROWS DEAN OF FACULTY 163949 0 0 0 0 0 0 0 24592 0 188541 0 0 0 BRIAN PERTL DEAN OF CONSERVATORY 164488 0 0 0 0 0 0 0 44673 0 209161 0 0 0 PART I, LINE 4B THE PRESIDENT OF THE UNIVERSITY IS A PARTICIPANT IN A 457(B)PLAN. AN ANNUAL UNIVERSITY CONTRIBUTION IS DETERMINED AND APPROVED BY THE BOARD OF TRUSTEES. A WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 97710BGM8 2009-02-26 29810000 CURRENT REFUND BONDS ISSUED 2/22/89, 11/02/00 & 07/11/02 0 0 0 B WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 97710B3G5 2012-08-29 11065000 CURRENT REFUND BONDS ISSUED 09/09/98 0 0 0 A 4455000 29810000 241040 29568960 1 0 1 1 B 700000 11065000 220000 10845000 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 VARIOUS TRUSTEES GRANDCHILDREN/CHILDREN 10334 INSTITUTIONAL GRANTS EDUCATION RENEE BOLDT TRUSTEE 153145 OSCAR C. BOLDT IS RENEE GORAL BOLDT'S FATHER-IN-LAW. OSCAR IS A LONG-TIME SUPPORTER OF LAWRENCE UNIVERSITY AND RENEE IS AN ALUMNI AND ACTIVE TRUSTEE MEMBER. LAWRENCE PERIODICALLY CONTRACTS WITH THE BOLDT COMPANY FOR CONSTRUCTION PROJECTS. 0 X 40 2263542 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WILL BE POSTED ONTO THE BOARD TRUSTEE WEBSITE PRIOR TO FILING, WHICH IS CONSISTENT WITH HOW ALL MATERIALS FOR BOARD MEETINGS ARE COMMUNICATED TO BOARD MEMBERS. TO RESPECT THE WISHES OF CERTAIN DONORS TO REMAIN ANONYMOUS, WE HAVE CHOSEN NOT TO PROVIDE A FULL DISCLOSURE COPY OF THE 990 TO THE FULL GOVERNING BOARD OF LAWRENCE UNIVERSITY. A FULL DISCLOSURE COPY, WITH ALL DONOR INFORMATION, WILL BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ACCORDING TO THE WRITTEN CONFLICT OF INTEREST POLICY, THE SECRETARY OF THE BOARD OF TRUSTEES SHALL REQUEST EACH PRESENT MEMBER OF THE BOARD OF TRUSTEES AND OFFICERS, AND EACH FUTURE MEMBER OF THE BOARD OF TRUSTEES AND OFFICER PRIOR TO FORMAL ELECTION TO COMPLETE AN APPROPRIATE STATEMENT, SIMILAR TO THE ONE APPENDED, AND TO RENEW THE STATEMENT AT LEAST ONCE EVERY YEAR WHILE SERVING IN ANY OF THESE CAPABILITIES. A CONFIDENTIAL FILE SHALL BE MAINTAINED OF SUCH STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE PRESIDENT'S AND ANY OTHER DISQUALIFIED PERSON'S COMPENSATION, WHICH IS THEN REPORTED TO THE BOARD. COMPENSATION SURVEY INFORMATION IS USED FROM COMPARABLE INSTITUTIONS. AN INDEPENDENT CONSULTANT IS USED EVERY FEW YEARS AS WELL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPILT INTEREST AGREEMENTS 179,709. CHANGE IN THE VALUE OF INTEREST IN TRUSTS -53,222. INTEREST RATE SWAP - MARK TO MARKET 374,356. LOSS ON DONATED STOCK 13,039. FORM 990, PART XII, LINE 2C NO CHANGES HAVE BEEN MADE FROM THE PRIOR YEAR. LAWRENCE CORPORATION OF WISCONSIN 711 E BOLDT WAY APPLETON WI 54911 930841243 TO PROVIDE FINANCIAL SUPPORT TO LAWRENCE UNIVERSITY DE 501(C)(3) 11 TYPE I LAWRENCE UNIVERSITY OF WISCONSIN 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0