2013-03-29T15:59:57-05:00 2012-06-30 341322309 CIUNI & PANICHI INC 25201 CHAGRIN BLVD 200 CLEVELAND OH 441225683 990 2011-07-01 341369714 THE LAKELAND FOUNDATION LAKE 4405257255 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 MICHAEL E MAYHER 4405257255 2013-03-27 1 DAVID M REAPE CPA P00068117 2168317171 2011 2016-02-25 16:41:14Z MICHAEL E MAYHER 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 3115320 0 X WWW.LAKELANDFOUNDATION.COM X 1981 OH 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. 30 27 0 135 0 0 1033196 1168873 0 0 32667 104948 -68238 -63895 997625 1209926 694781 582033 0 0 0 0 0 0 8543 247481 159063 942262 741096 55363 468830 3499394 3850069 66527 45568 3432867 3804501 X 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. 0 0 582033 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. 582033 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 1 0 1 2 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 30 27 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 1 1 0 OH X MICHAEL MAYHER 4405257255 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 MORRIS W BEVERAGE JR 2.00 X 0 313256 97600 JUDY P ABELMAN 1.00 X 0 0 0 TINA BARNAUSKAS 1.00 X 0 0 0 THOMAS W BENDA 1.00 X 0 0 0 PETER B CLAUSEN 1.00 X 0 0 0 JOSEPH A COCOZZO 2.00 X 0 0 0 DONALD J DAILEY 2.00 X 0 0 0 DENNIS E ECKART 2.00 X 0 0 0 GARY M ESTADT DC 1.00 X 0 0 0 DALE H FELLOWS 1.00 X 0 0 0 NOREEN K GOLDSTEIN 1.00 X 0 0 0 NANCY L GUTHRIE 2.00 X 0 0 0 LISA HABE 1.00 X 0 0 0 KA-PI HOH 1.00 X 0 0 0 RICHARD J IAFELICE 1.00 X 0 0 0 KENNETH M IWASHITA 1.00 X 0 0 0 RICHARD J KESSLER 1.00 X 0 0 0 LOUIS S KREIDER 1.00 X 0 0 0 RONALD J LIPIN DDS 1.00 X 0 0 0 KATHLEEN T MALEC PHD 1.00 X 0 0 0 ADELBERT MAROUS JR 1.00 X 0 0 0 KENNETH J QUIGGLE 2.00 X 0 0 0 GARY ROBINSON 1.00 X 0 0 0 MARK R RUTH 1.00 X 0 0 0 ALYSON SCOTT 1.00 X 0 0 0 DEDE STORER 1.00 X 0 0 0 JEFF SUDBROOK 1.00 X 0 0 0 BRENDON TRIPODO 1.00 X 0 0 0 MISSIA H VASELANEY 1.00 X 0 0 0 LINDA WILLIAMS 1.00 X 0 0 0 ROBERT H CAHEN PHD 20.00 X 0 144795 32545 MICHAEL E MAYHER 3.00 X 0 156628 34357 MARY ANN BLAKELEY 3.00 X 0 114799 19648 0 729478 184150 0 0 1 0 0 77356 1091517 64440 1168873 54540 54540 1849361 1798953 50408 50408 50408 42546 77356 106441 -63895 -63895 1209926 0 0 41053 234383 234383 347650 347650 ADMINISTRATIVE FEES 150520 150520 FUNDRAISING FEES 8543 8543 741096 582033 150520 8543 66875 106640 201356 379063 358310 522157 8420 9273 2851575 2819099 12858 13837 3499394 3850069 66527 45568 66527 45568 X 108911 -22647 1640322 1856065 1683634 1971083 3432867 3804501 3499394 3850069 X 468830 -97196 X 0 1 1 X 0 X 1004312 1109780 926514 964958 1168873 5174437 1004312 1109780 926514 964958 1168873 5174437 5174437 86996 69818 53316 43201 54540 307871 5482308 87626 0.94380 0.93860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 2195711 77899 -21657 70470 23375 2158108 1723737 141197 394994 42987 21230 2195711 1481263 106159 183414 27553 19546 1723737 1739056 77548 -279606 37803 3895 14037 1481263 0.00000 0.84220 0.15780 0 0 0 1209926 741096 468830 -97196 -97196 371634 1219171 -97196 106441 9245 1209926 0 1209926 847537 106441 106441 741096 0 741096 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. SIGNATURE EVENT 89094 50634 38460 1000 11014 9405 27355 6166 37641 CITIZEN'S GOLF OUTING 10942 10942 4045 50 4 19865 15779 4086 8852 447 465 119901 77355 42546 1000 23911 9405 27802 6631 37691 106440 -63894 1 LAKELAND COMMUNITY COLLEGE 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 341011011 193855 40528 COMPARABLE GIFTS IN KIND EDUCATIONAL & RELATED PROGRAMS 1 1 SCHOLARSHIPS 441 344650 0 CASH TEACHING AWARDS 4 3000 0 CASH PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS, EDUCATIONAL AND RELATED COSTS ARE MONITORED UNDER THE LAKELAND COMMUNITY COLLEGE'S POLICIES AND PROCEDURES FOR EXPENDITURES. 0 0 0 0 0 0 0 0 0 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 DENNIS ECKART BOARD MEMBER 18000 PROF SERVICES 0 X 1 5286 LISTED VALUE X AUCTION ITEMS 24 21005 FMV X LAB EQUIPMENT 1 13149 FMV X INSTRUCT MTRL 1 25500 FMV 0 0 0 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -97,196. LAKELAND COMMUNITY COLLEGE 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 341011011 HIGHER ED OH N/A 0 0 1 1 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 LAKELAND COMMUNITY COLLEGE C 138973 LAKELAND COMMUNITY COLLEGE B 728237 LAKELAND COMMUNITY COLLEGE B 40529