2013-02-14T17:06:07-06:00 2012-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2011-07-01 390806297 LAWRENCE UNIVERSITY OF WISCONSIN LAWR 9208326540 711 E BOLDT WAY APPLETON WI 54911 BRIAN RISTE 9208326540 2013-02-07 1 TROY E MARINE CPA P00187863 4147775500 2013-01-29 2011 2016-02-25 16:41:14Z BRIAN RISTE 711 E BOLDT WAY APPLETON WI 54911 137708965 0 X WWW.LAWRENCE.EDU X 1847 WI TO PROVIDE A HIGH QUALITY, LIBERAL ARTS EDUCATION AND SOUND CAREER PREPARATION TO ITS STUDENTS. 27 26 1940 0 24430 -14279 11368157 13782188 62539413 63481778 6357559 6848705 423882 283616 80689011 84396287 22202711 22748053 0 0 34097278 36234899 0 0 2487849 22153978 22854966 78453967 81837918 2235044 2558369 343042950 334498141 60445084 59269963 282597866 275228178 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 49024399 22748053 54824480 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 PRIDES ITSELF ON THE INDIVIDUAL ATTENTION GIVEN TO MORE THAN 330 MUSIC MAJORS WHO PURSUE THEIR UNDERGRADUATE DEGREES AT LAWRENCE. 6254207 6663999 PROVIDE FOOD SERVICE AND HOUSING TO 1500 UNIVERSITY STUDENTS. 7402135 583726 PROVIDE STUDENTS WITH SERVICES SUCH AS MUSIC, ATHLETICS, COMMUNITY INVOLVEMENT, RESIDENTIAL LIFE, COUNSELING, HEALTH CENTER, AND MULTICULTURAL AFFAIRS. 5220248 1621888 PROVIDE ACADEMIC SUPPORT TO 1200 STUDENTS THROUGH LIBRARY FACILITIES AND COMPUTER SERVICES 5220248 1621888 67900989 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 0 0 0 0 1 X 331 0 1 1940 1 1 1 1 CJ EI UK 0 0 0 0 0 0 0 0 X 27 26 1 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 CHARLES D SAUNDERS 1.00 X 0 0 0 CHARLOT NELSON SINGLETON 1.00 X 0 0 0 DALE R SCHUH 1.00 X 0 0 0 DAVID BLOWERS 1.00 X 0 0 0 DAVID N KNAPP 1.00 X 0 0 0 DR PETER R BETZER 1.00 X 0 0 0 DWIGHT A PETERSON 1.00 X 0 0 0 EDITH ANDREW 1.00 X 0 0 0 J TERRENCE FRANKE 1.00 X 0 0 0 JILL BECK 40.00 X X 317462 0 51577 JOHN H ELLERMAN 1.00 X 0 0 0 LAN HUANG 1.00 X 0 0 0 LEWIS C LOFGREN 1.00 X 0 0 0 LOUIS B BUTLER 1.00 X 0 0 0 MICHAEL P CISLER 1.00 X 0 0 0 OVERTON B PARRISH JR 1.00 X 0 0 0 RENEE GORAL BOLDT 1.00 X 0 0 0 ROBERT A ANKER 1.00 X 0 0 0 ROBERT C BUCHANAN 1.00 X 0 0 0 ROBERT J SCHAUPP 1.00 X 0 0 0 SARA SCHMIDT AGRITELLEY 1.00 X 0 0 0 SCOTT D MYERS 1.00 X 0 0 0 STEPHANIE H VRABEC 1.00 X 0 0 0 SUSAN FEITH 1.00 X 0 0 0 SUSAN STILLMAN KANE 1.00 X 0 0 0 THOMAS C KAYSER 1.00 X 0 0 0 WILLIAM J BAER 1.00 X 0 0 0 WILLIAM O HOCHKAMMER 1.00 X 0 0 0 BRIAN PERTL 40.00 X 157193 0 43579 BRIAN RISTE 40.00 X 154642 0 23196 CALVIN HUSMANN 40.00 X 187561 0 31891 DAVID BURROWS 40.00 X 155259 0 23289 DAWN ROST 40.00 X 99686 0 14953 KEN ANSELMENT 40.00 X 94321 0 14148 NANCY TRUESDELL 40.00 X 101442 0 15216 STEVEN SYVERSON 40.00 X 96937 0 14541 BARBARA STACK 40.00 X 100207 0 15031 DAVID BECKER 40.00 X 108325 0 16249 FREDERICK STURM 40.00 X 120411 0 18062 JEFFREY STANNARD 40.00 X 105526 0 15829 1798972 0 297561 10 0 1 0 GODFREY & KAHN SC 100 LAWRENCE ST APPLETON WI 54911 LEGAL SERVICES 123774 BAKER TILLY VIRCHOW KRAUSE LLP 2201 E ENTERPRISE AVE STE 100 APPLETON WI 54912 AUDIT AND TAX SERVICES 101030 2 1082946 12699242 2198273 13782188 TUITION AND FEES 611710 61488479 61488479 AUXILIARY ENTERPRISE 611710 1776972 1776972 EVENTS 611710 116597 116597 CONSERVATORY 611710 50254 50254 SUMMER CAMPS 611710 21977 21977 27499 27499 63481778 2821224 2821224 14702 0 14702 14702 12202 2500 57314204 6864 53293587 0 4020617 6864 4027481 4027481 63462 19091 44371 44371 MISCELLANEOUS 611710 224543 212315 12228 224543 84396287 63694093 24430 6895576 22748053 22748053 1798972 1798972 25364199 21654474 1918655 1791070 1619839 1293651 207484 118704 5618390 1340339 4274292 3759 1833499 1478286 232098 123115 201351 21678 179673 108570 200 108370 993598 662520 307986 23092 139110 39201 94694 5215 1744560 1532674 191267 20619 2293444 1869942 403120 20382 1908279 1166386 466158 275735 115347 86945 19815 8587 1662271 1653065 9206 6729878 6330782 399096 483741 2773 480968 REPAIRS AND MAINTENANCE 2420260 2332958 72343 14959 TUITION EXPENSES 1597844 1597844 OTHER EXPENSES 1193340 1096799 53286 43255 MISCELLANEOUS 739227 664093 41425 33709 524146 328326 190172 5648 81837918 67900989 11449080 2487849 1964650 1957100 3940118 4775253 6312197 5304562 628272 626805 5998076 5891557 300925 282338 408485 464933 225713731 114740170 111832510 110973561 169998545 159013611 37905723 41287314 3753449 3921107 343042950 334498141 7886402 9187413 1049643 1104408 41327328 38597859 10181711 10380283 60445084 59269963 X 34126898 25337759 108512737 106758519 139958231 143131900 282597866 275228178 343042950 334498141 X 2558369 -9928057 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 214650801 4093643 -3026957 8984739 12420671 194312077 180257588 2806749 41381464 9795000 214650801 168497280 2700306 18235002 9175000 180257588 216465646 5301420 -42119786 11150000 168497280 0.17000 0.83000 0.00000 1 1 1 3149876 3149876 165753865 68841000 96912865 56809990 45899170 10910820 110973561 VENTURE CAPITAL 41287314 F 41287314 POSTRETIREMENT OBLIGATIONS 2529045 U.S. GOVERNMENT GRANTS REFUNDABLE 1663072 ANNUITIES PAYABLE 1836615 ASSET RETIREMENT OBLIGATIONS 4148626 DUE TO MEMBERS 202925 10380283 84396287 81837918 2558369 -9643199 -284858 -9928057 -7369688 51720177 -9643199 -23048455 -32691654 84411831 -15544 -15544 84396287 59089865 0 59089865 22748053 22748053 81837918 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO SUPPORT STUDENT SCHOLARSHIPS, FACULTY CHAIR POSITIONS AND OTHER ACADEMIC MISSION RELATED PURPOSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: IN ACCORDANCE WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE UNIVERSITY ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE UNIVERSITY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERIT OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE UNIVERSITY AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THERE WERE NO SIGNIFICANT UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES DURING FISCAL YEAR 2012. OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE U.S. AND STATE TAXING AUTHORITIES ARE FOR THE YEARS 2008-2011, WHICH STATUTES EXPIRE IN 2012 AND 2015, RESPECTIVELY. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAIN PER SPLIT-INTEREST AGREEMENTS -96,996. CHANGE IN THE VALUE OF INTEREST IN TRUSTS 68,187. INTEREST RATE SWAP - MARK TO MARKET -271,593. LOSS ON DONATED STOCK 15,544. TOTAL TO SCHEDULE D, PART XI, LINE 8: -284,858. PART XII, LINE 2D - OTHER ADJUSTMENTS: TUITION DISCOUNTS -22,748,053. INTEREST RATE SWAP - MARK TO MARKET -271,593. UNREALIZED GAINS ON SPILT INTEREST AGREEMENTS -96,996. CHANGE IN VALUE OF INTEREST IN TRUSTS 68,187. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DONATED STOCK -15,544. PART XIII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 22,748,053. SCHEDULE D, PART V, LINE 1F: THERE WAS A RECLASSIFICATION OF BOARD DESIGNATED FUNDS FOR FISCAL YEAR 2012 IN THE AMOUNT OF $12,420,671. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 GENERAL POLICY IS INCLUDED IN ALL SUBSTANTIVE PUBLICATIONS DISTRIBUTED. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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 567946 1 1 0 0 1 1 567946 0 567946 0 0 0 0 0 0 GOLF OUTING 21450 21450 8864 TUTTI MUSIC ACADEMY 42012 42012 88 3160 3396 3583 63462 63462 88 3160 3396 12447 19091 44371 1 SCHOLARSHIPS TO STUDENTS 1400 22748053 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 317462 0 0 0 0 0 3958 0 47619 0 369039 0 0 0 BRIAN PERTL 157193 0 0 0 0 0 0 0 43579 0 200772 0 0 0 BRIAN RISTE 154642 0 0 0 0 0 0 0 23196 0 177838 0 0 0 CALVIN HUSMANN 187561 0 0 0 0 0 0 0 31891 0 219452 0 0 0 DAVID BURROWS 155259 0 0 0 0 0 0 0 23289 0 178548 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. WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 97710BGM8 2009-02-26 29810000 VARIOUS BUILDINGS 0 0 0 29810000 241040 29810000 2003 1 0 1 1 0 0 0 0 1 0 1 1 JPMORGAN CHASE 15.000000000000 0 0 0 0 0 X VARIOUS TRUSTEES GRANDCHILDREN/CHILDREN INSTITUTIONAL GRANTS RENEE BOLDT TRUSTEE 122106 ARMS-LENGTH BUSINESS TRANSACTION 0 X 1 0 X 36 1557548 FAIR MARKET VALUE X 1 520000 APPRAISED VALUE 0 0 0 NON REPORTING OF REVENUE: PART I, LINE 33: A CONTRIBUTION OF ART WAS RECEIVED FOR THE FISCAL YEAR 2012. PER SCHEDULE D, PART III, LINE 1A, LAWRENCE 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. FORM 990, PART VI, SECTION A, LINE 2 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -9,643,199. UNREALIZED GAIN PER SPLIT-INTEREST AGREEMENTS -96,996. CHANGE IN THE VALUE OF INTEREST IN TRUSTS 68,187. INTEREST RATE SWAP - MARK TO MARKET -271,593. LOSS ON DONATED STOCK 15,544. TOTAL TO FORM 990, PART XI, LINE 5: -9,928,057. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 LAWRENCE CORPORATION OF WISCONSIN Q 520000 FMV