LAKELAND FOUNDATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- LAKELAND FOUNDATION (EIN 34-1369714)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-03-29
- IRS object ID
- 201310889349300721
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-03-29T15:59:57-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 341322309 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CIUNI & PANICHI INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25201 CHAGRIN BLVD 200 | AddressLine1 |
| City | CLEVELAND | City |
| State | OH | State |
| ZIP Code | 441225683 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 341369714 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE LAKELAND FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LAKE | NameControl |
| Phone | 4405257255 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7700 CLOCKTOWER DRIVE | AddressLine1 |
| City | KIRTLAND | City |
| State | OH | State |
| ZIP Code | 44094 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL E MAYHER | Name |
| Title | TREASURER | Title |
| Phone | 4405257255 | Phone |
| Date Signed | 2013-03-27 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID M REAPE CPA | Name |
| PTIN | P00068117 | PTIN |
| Phone | 2168317171 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MICHAEL E MAYHER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7700 CLOCKTOWER DRIVE | AddressLine1 |
| City | KIRTLAND | City |
| State | OH | State |
| ZIP Code | 44094 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 3115320 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.LAKELANDFOUNDATION.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1981 | YearFormation |
| State Legal Domicile | OH | StateLegalDomicile |
| Activity Or Mission Description | THE LAKELAND FOUNDATION CREATES RELATIONSHIPS AND SOLICITS RESOURCES THROUGHOUT NORTHEAST OHIO AND FOCUSES THEM ON SUPPORTING LAKELAND COMMUNITY COLLEGE'S MISSION "TO PROVIDE QUALITY LEARNING OPPORTUNITIES TO MEET THE SOCIAL AND ECONOMIC NEEDS OF THE COMMUNITY." THE FOUNDATION HAS SUPPORTED THE COLLEGE IN THE AREAS OF 1) STUDENT SCHOLARSHIPS AND GRANTS, 2) FACULTY DEVELOPMENT AND TEACHING ENHANCEMENT PROGRAMS, AND 3) TECHNOLOGY UPGRADES AND SUPPORT TO BENEFIT STUDENTS AND/OR FACULTY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 30 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 27 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 135 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1033196 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1168873 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 32667 | InvestmentIncomePriorYear |
| Investment Income Current Year | 104948 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -68238 | OtherRevenuePriorYear |
| Other Revenue Current Year | -63895 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 997625 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1209926 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 694781 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 582033 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 8543 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 247481 | OtherExpensePriorYear |
| Other Expenses Current Year | 159063 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 942262 | TotalExpensesPriorYear |
| Total Expenses Current Year | 741096 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 55363 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 468830 | RevenuesLessExpensesCY |
| Total Assets BOY | 3499394 | TotalAssetsBOY |
| Total Assets EOY | 3850069 | TotalAssetsEOY |
| Total Liabilities BOY | 66527 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 45568 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 3432867 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 3804501 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE LAKELAND FOUNDATION CREATES RELATIONSHIPS AND SOLICITS RESOURCES THROUGHOUT NORTHEAST OHIO AND FOCUSES THEM ON SUPPORTING LAKELAND COMMUNITY COLLEGE'S MISSION "TO PROVIDE QUALITY LEARNING OPPORTUNITIES TO MEET THE SOCIAL AND ECONOMIC NEEDS OF THE COMMUNITY." THE FOUNDATION HAS SUPPORTED THE COLLEGE IN THE AREAS OF 1) STUDENT SCHOLARSHIPS AND GRANTS, 2) FACULTY DEVELOPMENT AND TEACHING ENHANCEMENT PROGRAMS, AND 3) TECHNOLOGY UPGRADES AND SUPPORT TO BENEFIT STUDENTS AND/OR FACULTY. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 582033 | Expense |
| Description | ALTHOUGH PROGRAM EXPENSES ARE COMBINED, THE FOUNDATION HAS SUCCESSFULLY SUPPORTED THE COLLEGE IN THE THREE AREAS DESCRIBED BELOW:1) STUDENT SCHOLARSHIPS AND GRANTS - THE FOUNDATION'S GOAL IS TO ENSURE THAT NO AREA STUDENT IS DEPRIVED OF A LAKELAND COMMUNITY COLLEGE EDUCATION FOR FINANCIAL REASONS. WHILE THERE ARE A NUMBER OF GOVERNMENT GRANTS AND LOANS AVAILABLE TO STUDENTS, THIS ASSISTANCE IS NOT AVAILABLE TO ALL STUDENTS AND ALMOST NEVER PAYS THE FULL COST OF AN EDUCATION. MANY OF LCC'S STUDENTS ARE OFTEN ALREADY WORKING BUT SIMPLY, NO MATTER HOW HARD THEY TRY, LACK SUFFICIENT RESOURCES TO PAY THE ENTIRE COST OF TUITION AND BOOKS. THE FOUNDATION PROVIDES SCHOLARSHIP ASSISTANCE TO THESE STUDENTS TO BRIDGE THE GAP.2) FACULTY DEVELOPMENT AND TEACHING ENHANCEMENT PROGRAMS - A DISTINGUISHING MARK OF LCC'S FACULTY IS THE QUALITY OF THEIR TEACHING AND COMMITMENT TO INNOVATION IN THE CLASSROOM AND COMMUNITY. THE FOUNDATION SUPPORTS THESE EFFORTS BY AWARDING FACULTY GRANTS FOR NEW COURSE/PROJECT DEVELOPMENT, COLLABORATIONS WITH COMMUNITY AND PROFESSIONAL ORGANIZATIONS, AND PROFESSIONAL DEVELOPMENT. 3) TECHNOLOGY UPGRADES AND SUPPORT TO BENEFIT FACULTY AND/OR STUDENTS - TRAINING AND DEVELOPING STUDENTS FOR THE "KNOWLEDGE ECONOMY" CANNOT TAKE PLACE WITHOUT REGULAR ACCESS TO STATE-OF-THE-ART EQUIPMENT, SOFTWARE AND THE INTERNET. STUDENTS WHO CAN BARELY AFFORD TUITION OFTEN DO NOT HAVE RESOURCES FOR A COMPUTER THAT IS REQUIRED FOR CLASSWORK, ESPECIALLY ONLINE COURSES. THE FOUNDATION AWARDS STUDENT GRANTS TO HELP THEM PURCHASE EQUIPMENT, SOFTWARE AND MAINTAIN INTERNET CONNECTIONS. THE FOUNDATION ALSO PROVIDES FUNDING FOR CLASSROOM TECHNOLOGY UPGRADES SO THAT STUDENTS AND FACULTY HAVE ACCESS TO AND EXPERIENCE ON STATE-OF-THE-ART EQUIPMENT SPECIFIC TO THE MANY PROGRAMS OF INSTRUCTION THE COLLEGE OFFERS. | Description |
| Total Program Service Expense | 582033 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 1 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 2 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 30 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 27 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicy |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | OH | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL MAYHER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4405257255 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7700 CLOCKTOWER DRIVE | AddressLine1 |
| City | KIRTLAND | City |
| State | OH | State |
| ZIP Code | 44094 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (33 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| MORRIS W BEVERAGE JR | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 313256 | 97600 | |
| JUDY P ABELMAN | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| TINA BARNAUSKAS | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| THOMAS W BENDA | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| PETER B CLAUSEN | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JOSEPH A COCOZZO | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| DONALD J DAILEY | ||||||
| BOARD VICE-CHAIRPERSON | 2.00 | X | 0 | 0 | 0 | |
| DENNIS E ECKART | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| GARY M ESTADT DC | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| DALE H FELLOWS | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| NOREEN K GOLDSTEIN | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| NANCY L GUTHRIE | ||||||
| BOARD CHAIRPERSON | 2.00 | X | 0 | 0 | 0 | |
| LISA HABE | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| KA-PI HOH | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| RICHARD J IAFELICE | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| KENNETH M IWASHITA | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| RICHARD J KESSLER | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| LOUIS S KREIDER | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| RONALD J LIPIN DDS | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| KATHLEEN T MALEC PHD | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| ADELBERT MAROUS JR | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| KENNETH J QUIGGLE | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| GARY ROBINSON | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| MARK R RUTH | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| ALYSON SCOTT | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| DEDE STORER | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JEFF SUDBROOK | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| BRENDON TRIPODO | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| MISSIA H VASELANEY | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| LINDA WILLIAMS | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| ROBERT H CAHEN PHD | ||||||
| EXECUTIVE DIRECTOR | 20.00 | 0 | 144795 | 32545 | X | |
| MICHAEL E MAYHER | ||||||
| TREASURER | 3.00 | 0 | 156628 | 34357 | X | |
| MARY ANN BLAKELEY | ||||||
| SECRETARY | 3.00 | 0 | 114799 | 19648 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 729478 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 184150 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 77356 | FundraisingEvents |
| All Other Contributions | 1091517 | AllOtherContributions |
| Noncash Contributions | 64440 | NoncashContributions |
| Total Contributions | 1168873 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 54540 | TotalRevenueColumn |
| Exclusion | $54,540 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1849361 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1798953 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 50408 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 50408 | TotalRevenueColumn |
| Exclusion | $50,408 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 42546 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 77356 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 106441 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -63895 | TotalRevenueColumn |
| Exclusion | -$63,895 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1209926 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $41,053 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 234383 | Total |
| Program Services | 234383 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 347650 | Total |
| Program Services | 347650 | ProgramServices |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|
| ADMINISTRATIVE FEES | 150520 | 150520 | |
| FUNDRAISING FEES | 8543 | 8543 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 741096 | Total |
| Program Services | 582033 | ProgramServices |
| Management And General | 150520 | ManagementAndGeneral |
| Fundraising | 8543 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66875 | BOY |
| EOY | 106640 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 201356 | BOY |
| EOY | 379063 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 358310 | BOY |
| EOY | 522157 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8420 | BOY |
| EOY | 9273 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2851575 | BOY |
| EOY | 2819099 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12858 | BOY |
| EOY | 13837 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3499394 | BOY |
| EOY | 3850069 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66527 | BOY |
| EOY | 45568 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66527 | BOY |
| EOY | 45568 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108911 | BOY |
| EOY | -22647 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1640322 | BOY |
| EOY | 1856065 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1683634 | BOY |
| EOY | 1971083 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3432867 | BOY |
| EOY | 3804501 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3499394 | BOY |
| EOY | 3850069 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 468830 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -97196 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1004312 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1109780 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 926514 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 964958 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1168873 | CurrentTaxYear |
| Total | 5174437 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1004312 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1109780 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 926514 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 964958 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1168873 | CurrentTaxYear |
| Total | 5174437 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 5174437 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 86996 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 69818 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 53316 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 43201 | CurrentTaxYearMinus1Year |
| Current Tax Year | 54540 | CurrentTaxYear |
| Total | 307871 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 5482308 | TotalSupport |
| Gross Receipts From Admissions Etc | 87626 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.94380 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.93860 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 0 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2195711 | BeginningOfYearBalance |
| Contributions | 77899 | Contributions |
| Investment Earnings Or Losses | -21657 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 70470 | GrantsOrScholarships |
| Administrative Expenses | 23375 | AdministrativeExpenses |
| End Of Year Balance | 2158108 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1723737 | BeginningOfYearBalance |
| Contributions | 141197 | Contributions |
| Investment Earnings Or Losses | 394994 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 42987 | GrantsOrScholarships |
| Administrative Expenses | 21230 | AdministrativeExpenses |
| End Of Year Balance | 2195711 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1481263 | BeginningOfYearBalance |
| Contributions | 106159 | Contributions |
| Investment Earnings Or Losses | 183414 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 27553 | GrantsOrScholarships |
| Administrative Expenses | 19546 | AdministrativeExpenses |
| End Of Year Balance | 1723737 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1739056 | BeginningOfYearBalance |
| Contributions | 77548 | Contributions |
| Investment Earnings Or Losses | -279606 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 37803 | GrantsOrScholarships |
| Other Expenditures | 3895 | OtherExpenditures |
| Administrative Expenses | 14037 | AdministrativeExpenses |
| End Of Year Balance | 1481263 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.84220 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.15780 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
| Total Revenue | 1209926 | TotalRevenue |
| Total Expenses | 741096 | TotalExpenses |
| Excess Or Deficit For Year | 468830 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -97196 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -97196 | TotalAdjustments |
| Excess Or Deficit Per FS | 371634 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 1219171 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -97196 | NetUnrealizedGainsInvestments |
| Other Revenues | 106441 | OtherRevenues |
| Revenue Not Rptd F990 | 9245 | RevenueNotRptdF990 |
| Revenue Subtotal | 1209926 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1209926 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 847537 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 106441 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 106441 | ExpensesNotRptdF990 |
| Expenses Subtotal | 741096 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 741096 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH THE "INCOME TAXES" TOPIC OF THE FASB ASC. UNCERTAIN INCOME TAX POSITIONS ARE EVALUATED AT LEAST ANNUALLY BY MANAGEMENT. THE FOUNDATION CLASSIFIES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS AS INCOME TAX EXPENSE IN THE ACCOMPANYING FINANCIAL STATEMENTS. AS OF JUNE 30, 2012, THE FOUNDATION HAS IDENTIFIED NO UNCERTAIN INCOME TAX POSITIONS AND HAS INCURRED NO AMOUNTS FOR INCOME TAX PENALTIES AND INTEREST FOR THE YEAR THEN ENDED. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES 106,441. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES 106,441. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | SIGNATURE EVENT | NameOfEvent1 |
| Gross Receipts Event1 | 89094 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 50634 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 38460 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 1000 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 11014 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 9405 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 27355 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 6166 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 37641 | OtherDirectExpensesEvent1 |
| Name Of Event2 | CITIZEN'S GOLF OUTING | NameOfEvent2 |
| Gross Receipts Event2 | 10942 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 10942 | CharitableContributionsEvent2 |
| Non Cash Prizes Event2 | 4045 | NonCashPrizesEvent2 |
| Other Direct Expenses Event2 | 50 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 4 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 19865 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 15779 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 4086 | GrossRevenueOtherEvents |
| Non Cash Prizes Other Events | 8852 | NonCashPrizesOtherEvents |
| Food And Beverage Other Events | 447 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 465 | EntertainmentOtherEvents |
| Gross Receipts Total | 119901 | GrossReceiptsTotal |
| Charitable Contributions Total | 77355 | CharitableContributionsTotal |
| Gross Revenue Total Events | 42546 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 1000 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 23911 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 9405 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 27802 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 6631 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 37691 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 106440 | DirectExpenseSummaryEvents |
| Net Income Summary | -63894 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAKELAND COMMUNITY COLLEGE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7700 CLOCKTOWER DRIVE | AddressLine1 |
| City | KIRTLAND | City |
| State | OH | State |
| ZIP Code | 44094 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 341011011 | EINOfRecipient |
| Amount Of Cash Grant | 193855 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 40528 | AmountOfNonCashAssistance |
| Method Of Valuation | COMPARABLE | MethodOfValuation |
| Description Of Non Cash Assistance | GIFTS IN KIND | DescriptionOfNonCashAssistance |
| Purpose Of Grant | EDUCATIONAL & RELATED PROGRAMS | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 1 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation |
|---|---|---|---|---|
| SCHOLARSHIPS | 441 | 344650 | 0 | CASH |
| TEACHING AWARDS | 4 | 3000 | 0 | CASH |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS, EDUCATIONAL AND RELATED COSTS ARE MONITORED UNDER THE LAKELAND COMMUNITY COLLEGE'S POLICIES AND PROCEDURES FOR EXPENDITURES. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MORRIS W BEVERAGE JR | |||||||||||||
| 0 | 297969 | 0 | 0 | 0 | 15287 | 0 | 82431 | 0 | 15169 | 0 | 410856 | 0 | 0 |
| ROBERT H CAHEN PHD | |||||||||||||
| 0 | 142921 | 0 | 0 | 0 | 1874 | 0 | 20271 | 0 | 12274 | 0 | 177340 | 0 | 0 |
| MICHAEL E MAYHER | |||||||||||||
| 0 | 155276 | 0 | 0 | 0 | 1352 | 0 | 22084 | 0 | 12273 | 0 | 190985 | 0 | 0 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DENNIS ECKART | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | BOARD MEMBER | Relationship |
| Amount Of Transaction | 18000 | AmountOfTransaction |
| Description Of Transaction | PROF SERVICES | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 5286 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | LISTED VALUE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | AUCTION ITEMS | 24 | 21005 | FMV |
| X | LAB EQUIPMENT | 1 | 13149 | FMV |
| X | INSTRUCT MTRL | 1 | 25500 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE FOUNDATION'S FORM 990 IS PROVIDED TO THE BOARD'S EXECUTIVE COMMITTEE TO REVIEW ON BEHALF OF THE BOARD OF DIRECTORS BY ITS CODE OF REGULATIONS. THE EXECUTIVE COMMITTEE OF THE LAKELAND FOUNDATION BOARD, COMPOSED OF THE OFFICERS, PRESIDENT OF THE COLLEGE, AND ONE DIRECTOR-AT-LARGE, CAN "FORMULATE RECOMMENDATIONS FOR THE FULL BOARD AND TAKE SUCH INTERIM ACTIONS ON BEHALF OF THE FOUNDATION AS IT DEEMS NECESSARY" BY VOTE OF A MAJORITY OF A QUORUM. | |
| FORM 990, PART VI, SECTION B, LINE 12 | THE LAKELAND FOUNDATION IS A NONPROFIT ORGANIZATION THAT SERVES AND IS RELATED TO LAKELAND COMMUNITY COLLEGE, WHICH IS A POLITICAL SUB-DIVISION OF THE STATE OF OHIO AS A PART OF THE STATE OF OHIO EDUCATIONAL SYSTEM. THE COLLEGE ASCRIBES TO OHIO'S ETHICS LAWS, FOR ALL COLLEGE EMPLOYEES AND BOARD MEMBERS THAT ARE RELATED TO THE FOUNDATION, THOSE INDIVIDUALS MUST COMPLY WITH THE OHIO ETHICS LAWS. IN ADDITION TO THIS, A CONFLICT OF INTEREST POLICY, AS WELL AS A QUESTIONNAIRE IS UNDER DEVELOPMENT FOR LAKELAND FOUNDATION OUTSIDE DIRECTORS THAT WILL, AMONG OTHER THINGS, POLL FOR POTENTIAL CONFLICTS. AFTER CONSULTATION WITH THE OHIO ATTORNEY GENERAL'S OFFICE WHICH OVERSEES THE FOUNDATION'S LEGAL AFFAIRS, THE FINALIZED QUESTIONNAIRE WILL BE DISTRIBUTED AND REVIEWED ANNUALLY. | |
| FORM 990, PART VI, SECTION B, LINE 15 | ALL FOUNDATION STAFF MEMBERS, INCLUDING ITS EXECUTIVE DIRECTOR, ARE LAKELAND COMMUNITY COLLEGE EMPLOYEES. THE COLLEGE'S HUMAN RESOURCES DEPARTMENT IS RESPONSIBLE FOR ESTABLISHING, REVIEWING AND RECOMMENDING COMPENSATION LEVELS FOR THE COLLEGE'S TOP OFFICIALS. THE DEPARTMENT REGULARLY REVIEWS COMPARABLE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS IN ESTABLISHING COMPENSATION LEVELS. ANY COST SHARING BY THE FOUNDATION FOR COLLEGE EMPLOYEE PAYROLL IS REVIEWED AND APPROVED BY THE FOUNDATION EXECUTIVE COMMITTEE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE LAKELAND FOUNDATION IS RELATED TO LAKELAND COMMUNITY COLLEGE, A POLITICAL SUBDIVISION OF THE STATE OF OHIO. ACCORDINGLY, THE FOUNDATION'S FINANCIALS ARE REVIEWED BY THE STATE OF OHIO AUDITOR'S OFFICE, WHICH POSTS THE FOUNDATION'S AUDIT ON ITS WEBSITE. THE FOUNDATION'S GOVERNANCE AND KEY POLICY DOCUMENTS ARE AVAILABLE UPON REQUEST. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -97,196. | CHANGES IN NET ASSETS OR FUND BALANCES: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAKELAND COMMUNITY COLLEGE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7700 CLOCKTOWER DRIVE | AddressLine1 |
| City | KIRTLAND | City |
| State | OH | State |
| ZIP Code | 44094 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 341011011 | EIN |
| Primary Activities | HIGHER ED | PrimaryActivities |
| Legal Domicile State | OH | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 1 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| LAKELAND COMMUNITY COLLEGE | |
| C | 138973 |
| LAKELAND COMMUNITY COLLEGE | |
| B | 728237 |
| LAKELAND COMMUNITY COLLEGE | |
| B | 40529 |
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