LAKE ERIE COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- LAKE ERIE COLLEGE (EIN 34-0733165)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-14
- IRS object ID
- 201311349349304506
- 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 E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-14T13:26:53-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MALONEY NOVOTNY LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1111 SUPERIOR AVENUE SUITE 700 | AddressLine1 |
| City | CLEVELAND | City |
| State | OH | State |
| ZIP Code | 44114 | 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 | 340733165 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAKE ERIE COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % BRIAN DIRK | InCareOfName |
| Name Control | LAKE | NameControl |
| Phone | 4403523361 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 391 WEST WASHINGTON STREET | AddressLine1 |
| City | PAINESVILLE | City |
| State | OH | State |
| ZIP Code | 44077 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRIAN DIRK | Name |
| Title | VP OF ADMIN.& FINANCE | Title |
| Date Signed | 2013-05-14 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHRISTOPHER B ANDERSON | Name |
| Phone | 2163630100 | 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 T VICTOR PRESIDENT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 391 WEST WASHINGTON STREET | AddressLine1 |
| City | PAINESVILLE | City |
| State | OH | State |
| ZIP Code | 440773309 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 41482925 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.LEC.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1856 | YearFormation |
| State Legal Domicile | OH | StateLegalDomicile |
| Activity Or Mission Description | Lake Erie College provides distinctive undergraduate & graduate programs that prepare students to meet career & life challenges as educated & responsible citizens of local, national & int'l communities | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 40 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 39 | NbrIndependentVotingMembers |
| Total Nbr Employees | 490 | TotalNbrEmployees |
| Total Nbr Volunteers | 130 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 5689794 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 7052750 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 31581091 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 31641155 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 360131 | InvestmentIncomePriorYear |
| Investment Income Current Year | -172031 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 11503 | OtherRevenuePriorYear |
| Other Revenue Current Year | 39614 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 37642519 | TotalRevenuePriorYear |
| Total Revenue Current Year | 38561488 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 13898059 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 14088104 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 11136407 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 11965301 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1099912 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 11943501 | OtherExpensePriorYear |
| Other Expenses Current Year | 12046993 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 36977967 | TotalExpensesPriorYear |
| Total Expenses Current Year | 38100398 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 664552 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 461090 | RevenuesLessExpensesCY |
| Total Assets BOY | 74491569 | TotalAssetsBOY |
| Total Assets EOY | 73693041 | TotalAssetsEOY |
| Total Liabilities BOY | 31063305 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 30183773 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 43428264 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 43509268 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | IN THE CONTEXT OF A LONG LIBERAL ARTS TRADITION, LAKE ERIE COLLEGE PROVIDES DISTINCTIVE UNDERGRADUATE AND GRADUATE PROGRAMS THAT PREPARE STUDENTS TO MEET CAREER AND LIFE CHALLENGES AS EDUCATED AND RESPONSIBLE CITIZENS OF LOCAL, NATIONAL AND INTERNATIONAL COMMUNITIES. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 34131013 | Expense |
| Grants | 14088104 | Grants |
| Revenue | 31641155 | Revenue |
| Description | The college provided instructional courses to its 968 undergraduate and 165 graduate students in addition to providing continuing education and professional development courses and workshops. It also provided student services for admissions, registration, advising, athletic programs and academic support including library resources, a learning center, animal care and support, and faculty and curriculum development. As necessary auxiliary operations, the college operated residence halls, dining services, a bookstore, and the equestrian center, which includes a horse arena, classrooms and boarding facilities. | Description |
| Total Program Service Expense | 34131013 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | true | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 122 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 490 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form1098 C Filed | true | Form1098CFiled |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 40 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 39 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | OH | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BRIAN DIRK | NamePerson |
| Telephone Number | 4403757220 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 391 WEST WASHINGTON STREET | AddressLine1 |
| City | PAINESVILLE | City |
| State | OH | State |
| ZIP Code | 44077 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (46 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Michael E Bee | |||||||
| DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| Doris Roach Bray | |||||||
| DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| Terri Cain | |||||||
| DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| Janeane Cappara | |||||||
| DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| PETER E CARFAGNA | |||||||
| DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| Dana A Dennis | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| TRACY H DICKINSON | |||||||
| DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| Terrell Dillard | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| CHRISTIANE WESCHLER-ENGLISH | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Susan Bevan Gall | |||||||
| director | 1.0 | X | 0 | 0 | 0 | ||
| Dr Simin Gharib-Naraghipour | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| CARL J GRASSI | |||||||
| Chair | 1.0 | X | 0 | 0 | 0 | X | |
| Bill Haag | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Michael E Keresman III | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Richard J Kessler | |||||||
| Treasurer | 1.0 | X | 0 | 0 | 0 | X | |
| John H Langer | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Cathy Lincoln | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Christine Mastandrea | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Carol Lewis Morris | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Judith C Murch | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Patricia Nocero | |||||||
| Secretary | 1.0 | X | 0 | 0 | 0 | X | |
| Richard M Osborne SR | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Jean M Perloff | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Kathleen Seitz | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Christopher N Sorce | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Charles Stephenson | |||||||
| Vice Chair | 1.0 | X | 0 | 0 | 0 | X | |
| Nancy Stillwagon | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Joseph T Svete | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Gary L Swanson | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| May C Targett | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Nancy Terrill | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Robert Touzalin | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| John F Turben | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Jason Weybrecht | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Denise Molesch | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Maria Quinn | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Richard A Hanson | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Ned Hyland | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| David K Siegel | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Daniel D Smith | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Michael Victor | |||||||
| President | 40.0 | 261611 | 0 | 29090 | X | ||
| Scott Evans | |||||||
| VP INSTITUTIONAL ADV | 40.0 | 130482 | 0 | 19599 | X | ||
| Richard Eplawy | |||||||
| VP ADM. & FINANCE | 40.0 | 133478 | 0 | 6421 | X | ||
| Jana Holwick | |||||||
| VP ACADEMIC AFFAIRS | 40.0 | 124809 | 0 | 19394 | X | ||
| Robin McDermott | |||||||
| VP ENROLLMENT MGT | 40.0 | 112723 | 0 | 18465 | X | ||
| Robert Trebar | |||||||
| DEAN, MANAGEMENT STUDIES | 40.0 | 104467 | 0 | 17775 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 867570 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 110744 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Metz Associates | |||||
| 2 Woodland Drive | DALLAS | PA | 18612 | DINING SERVICES | 1289016 |
| Rainforest Village | |||||
| 251 W Walnut Ave | PAINESVILLE | OH | 44077 | OFF-CAMPUS HOUSING | 450090 |
| GRE 101 LLC | |||||
| 251 W Walnut Ave 101 | PAINESVILLE | OH | 44077 | OFF-CAMPUS HOUSING | 252033 |
| Janitorial Services Inc | |||||
| 5795 Canal Rd | VALLEY VIEW | OH | 44125 | JANITORIAL SERVICES | 377831 |
| Precious Cargo Transportation | |||||
| 15050 Cross Creek Parkway | NEWBURY | OH | 44065 | Transportation | 237173 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Government Grants | 148567 | GovernmentGrants |
| All Other Contributions | 6904183 | AllOtherContributions |
| Noncash Contributions | 233000 | NoncashContributions |
| Total Contributions | 7052750 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 900099 | 26829862 | 26829862 |
| AUXILIARY OPERATIONS AND OTHER | 900099 | 4811293 | 4811293 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 31641155 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 200832 | TotalRevenueColumn |
| Exclusion | $200,832 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2536913 | Securities |
| Other | 0 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2904776 | Securities |
| Other | 5000 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -367863 | Securities |
| Other | -5000 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -372863 | TotalRevenueColumn |
| Exclusion | -$372,863 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 51275 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 11661 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 39614 | TotalRevenueColumn |
| Exclusion | $39,614 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38561488 | TotalRevenueColumn |
| Related Or Exempt Function Income | 31641155 | RelatedOrExemptFunctionIncome |
| Exclusion | -$132,417 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14088104 | Total |
| Program Services | 14088104 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1499742 | Total |
| Program Services | 1288631 | ProgramServices |
| Management And General | 149633 | ManagementAndGeneral |
| Fundraising | 61478 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7970282 | Total |
| Program Services | 6848346 | ProgramServices |
| Management And General | 795217 | ManagementAndGeneral |
| Fundraising | 326719 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 335363 | Total |
| Program Services | 278576 | ProgramServices |
| Management And General | 38885 | ManagementAndGeneral |
| Fundraising | 17902 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1494780 | Total |
| Program Services | 1189000 | ProgramServices |
| Management And General | 230462 | ManagementAndGeneral |
| Fundraising | 75318 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 665134 | Total |
| Program Services | 573031 | ProgramServices |
| Management And General | 67743 | ManagementAndGeneral |
| Fundraising | 24360 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49933 | Total |
| Program Services | 29322 | ProgramServices |
| Management And General | 17549 | ManagementAndGeneral |
| Fundraising | 3062 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53850 | Total |
| Program Services | 43080 | ProgramServices |
| Management And General | 6462 | ManagementAndGeneral |
| Fundraising | 4308 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1503448 | Total |
| Program Services | 1129805 | ProgramServices |
| Management And General | 323242 | ManagementAndGeneral |
| Fundraising | 50401 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 289283 | Total |
| Program Services | 247901 | ProgramServices |
| Management And General | 13271 | ManagementAndGeneral |
| Fundraising | 28111 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2149279 | Total |
| Program Services | 1392169 | ProgramServices |
| Management And General | 665932 | ManagementAndGeneral |
| Fundraising | 91178 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 255162 | Total |
| Program Services | 197446 | ProgramServices |
| Management And General | 42960 | ManagementAndGeneral |
| Fundraising | 14756 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1336 | Total |
| Program Services | 1336 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2254874 | Total |
| Program Services | 1994036 | ProgramServices |
| Management And General | 162685 | ManagementAndGeneral |
| Fundraising | 98153 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1171275 | Total |
| Program Services | 1074251 | ProgramServices |
| Management And General | 17888 | ManagementAndGeneral |
| Fundraising | 79136 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 692286 | Total |
| Program Services | 568962 | ProgramServices |
| Management And General | 85344 | ManagementAndGeneral |
| Fundraising | 37980 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2120582 | Total |
| Program Services | 1681332 | ProgramServices |
| Management And General | 252200 | ManagementAndGeneral |
| Fundraising | 187050 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| CONTRACTED DINING SERVICES | 1287289 | 1287289 |
| BOOKSTORE COST OF GOODS SOLD | 218396 | 218396 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38100398 | Total |
| Program Services | 34131013 | ProgramServices |
| Management And General | 2869473 | ManagementAndGeneral |
| Fundraising | 1099912 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2369 | BOY |
| EOY | 2725 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 756575 | BOY |
| EOY | 313417 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5500868 | BOY |
| EOY | 6807805 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 511577 | BOY |
| EOY | 920780 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 163329 | BOY |
| EOY | 122487 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12232 | BOY |
| EOY | 71407 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 59877535 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 23954415 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37099117 | BOY |
| EOY | 35923120 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7171707 | BOY |
| EOY | 6596725 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1472646 | BOY |
| EOY | 1459920 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21801149 | BOY |
| EOY | 21474655 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74491569 | BOY |
| EOY | 73693041 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1423409 | BOY |
| EOY | 1520594 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 266250 | BOY |
| EOY | 265975 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25615000 | BOY |
| EOY | 24700000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1132352 | BOY |
| EOY | 976077 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2626294 | BOY |
| EOY | 2721127 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31063305 | BOY |
| EOY | 30183773 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9393986 | BOY |
| EOY | 8693474 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6680734 | BOY |
| EOY | 6738578 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27353544 | BOY |
| EOY | 28077216 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43428264 | BOY |
| EOY | 43509268 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74491569 | BOY |
| EOY | 73693041 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 461090 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -380086 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
| Contrib By Controlling Individual | false | ContribByControllingIndividual |
| Contribution By Related Party | false | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | false | ContribBy35ControlledEntity |
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) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6791722 | BeginningOfYearBalance |
| Contributions | 51949 | Contributions |
| Investment Earnings Or Losses | -160007 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 222105 | GrantsOrScholarships |
| Other Expenditures | 166146 | OtherExpenditures |
| End Of Year Balance | 6295413 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6494379 | BeginningOfYearBalance |
| Contributions | 89357 | Contributions |
| Investment Earnings Or Losses | 725524 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 226361 | GrantsOrScholarships |
| Other Expenditures | 291177 | OtherExpenditures |
| End Of Year Balance | 6791722 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 5981212 | BeginningOfYearBalance |
| Contributions | 26792 | Contributions |
| Investment Earnings Or Losses | 849088 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 267289 | GrantsOrScholarships |
| Other Expenditures | 95424 | OtherExpenditures |
| End Of Year Balance | 6494379 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8998274 | BeginningOfYearBalance |
| Contributions | 64012 | Contributions |
| Investment Earnings Or Losses | -1569414 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 248538 | GrantsOrScholarships |
| Other Expenditures | 1263122 | OtherExpenditures |
| End Of Year Balance | 5981212 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.15148 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.84516 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00336 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1561762 | OtherCostOrOtherBasis |
| Book Value | 1561762 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 42870144 | OtherCostOrOtherBasis |
| Depreciation | 13132306 | Depreciation |
| Book Value | 29737838 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 897800 | OtherCostOrOtherBasis |
| Depreciation | 352850 | Depreciation |
| Book Value | 544950 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14547829 | OtherCostOrOtherBasis |
| Depreciation | 10469259 | Depreciation |
| Book Value | 4078570 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 35923120 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| FUNDS HELD IN TRUST | 21074007 |
| BOND ISSUANCE COSTS | 400648 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 21474655 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| STUDENT DEPOSITS | $40,670 |
| STUDENT LOANS | $1,280,395 |
| GIFT ANNUITIES | $247,320 |
| CAPITAL LEASE OBLIGATION | $44,872 |
| INTEREST RATE SWAP | $1,107,870 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2721127 | TotalOfAmounts |
| Total Revenue | 38561488 | TotalRevenue |
| Total Expenses | 38100398 | TotalExpenses |
| Excess Or Deficit For Year | 461090 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 10067 | NetUnrealizedGLOnInvestments |
| Other | -$390,153 | OtherAmount |
| Total Adjustments | -380086 | TotalAdjustments |
| Excess Or Deficit Per FS | 81004 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 24093298 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 10067 | NetUnrealizedGainsInvestments |
| Other Revenues | -390153 | OtherRevenues |
| Revenue Not Rptd F990 | -380086 | RevenueNotRptdF990 |
| Revenue Subtotal | 24473384 | RevenueSubtotal |
| Other Revenues Not Included | 14088104 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 14088104 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 38561488 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 24012294 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 24012294 | ExpensesSubtotal |
| Other Expenses Not Included | 14088104 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 14088104 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 38100398 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Changes in net assets, | Part XI, Line 8: | Change in fair value of split interest agreements and funds held in trust by others:($342,743); Change in interest rate swap liability: ($47,410); Total Adjustment = ($390,153). |
| Changes in revenue, | Part XII, Line 2d: | Change in fair value of split interest agreements and funds held in trust by others: ($342,743); Change in interest rate swap liability: ($47,410); Total Adjustment =($390,153). |
| Changes in revenue, | Part XII, Line 4B: | STUDENT FINANCIAL AID, WHICH WAS NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS BUT SHOWN AS AN EXPENSE IN PART IX OF FORM 990: $14,088,104 |
| CHANGES IN EXPENSES, | SCHEDULE D, PART XIII, LINE 4B: | STUDENT FINANCIAL ASSISTANCE NETTED AGAINST REVENUES FOR FINANCIAL STATEMENT PURPOSES, BUT RECORDED AS AN EXPENSE FOR 990: $14,088,104 |
| FIN 48 FOOTNOTE, | SCHEDULE D, PART X, LINE 2: | THE COLLEGE IS A NON-PROFIT ORGANIZATION THAT IS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE AND HAS CONCLUDED THAT, AS OF JUNE 30, 2012, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE SUCH RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. AS OF JUNE 30, 2012, THE COLLEGE'S INCOME TAX RETURNS FROM 2008 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES. |
| INTENDED USES OF ENDOWMENT FUNDS, | SCHEDULE D, PART V, LINE 4: | THE COLLEGE INVESTS DONOR- AND BOARD-RESTRICTED ENDOWMENT FUNDS IN AN EFFORT TO PROTECT PRINCIPAL AND EARN INCOME TO PROVIDE FOR SCHOLARSHIPS, OPERATIONS AND OTHER DONOR RESTRICTED EXPENDITURES. |
| FUNDS HELD BY OTHER ORGANIZATIONS, | PART V, LINE 3A(I): | THE COLLEGE IS THE BENEFICIARY OF CERTAIN TRUSTS THAT ARE HELD IN PERPETUITY BY AN OUTSIDE TRUSTEE. THE MARKET VALUES OF THESE TRUSTS WERE $21,074,007 AT JUNE 30, 2012. THESE ASSETS ARE NOT PERMITTED TO BE REFLECTED AS "ENDOWMENT FUNDS" IN PART V. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Publication of Racially Nondiscriminatory Policy, | Line 3: | Lake Erie College's nondiscrimination policy is published in media brochures and media advertisements. |
| ASSISTANCE FROM A GOVERNMENTAL AGENCY, | LINE 6A: | LAKE ERIE COLLEGE PARTICIPATES IN THE FEDERAL GOVERNMENT'S TITLE IV STUDENT FINANCIAL ASSISTANCE PROGRAMS. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Golf Outing | NameOfEvent1 |
| Gross Receipts Event1 | 51275 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 51275 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 4258 | NonCashPrizesEvent1 |
| Food And Beverage Event1 | 296 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 7107 | EntertainmentEvent1 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 51275 | GrossReceiptsTotal |
| Gross Revenue Total Events | 51275 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 4258 | NonCashPrizesTotalEvents |
| Food And Beverage Total Events | 296 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 7107 | EntertainmentTotalEvents |
| Direct Expense Summary Events | 11661 | DirectExpenseSummaryEvents |
| Net Income Summary | 39614 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Scholarships to students | TypeOfGrant |
| Number Of Recipients | 895 | NumberOfRecipients |
| Amount Of Cash Grant | 14088104 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Monitoring Uses of Grant Funds, | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | All grant-related revenues and expenses awarded to the college are accounted for in separate and distinct restricted funds within the college's financial system. Within the accounting office, a grant file is established for each restricted grant fund which contains the grantor-approved budget and award letter among other pertinent information related to the grants, such as policies of the grantor. A full-time staff accountant is assigned to monitor the expenditure of the grant funds in terms of the grant budget, funds availability and allowability. Financial reports are prepared by the staff accountant and reviewed by the controller prior to submission to the granting agency. Lake Erie College's office of financial aid maintains records to comply with grantor's criteria for awarding funds to individual students. Student information is reviewed and maintained in a Powerfaids database and student files to determine eligibility for grants. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (7 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Michael Victor | |||||||||||||
| 255611 | 0 | 0 | 0 | 6000 | 0 | 13012 | 0 | 16078 | 0 | 290701 | 0 | 0 | 0 |
| Scott Evans | |||||||||||||
| 124302 | 0 | 0 | 0 | 6180 | 0 | 6434 | 0 | 13165 | 0 | 150081 | 0 | 0 | 0 |
| Richard Eplawy | |||||||||||||
| 128678 | 0 | 0 | 0 | 4800 | 0 | 0 | 0 | 6421 | 0 | 139899 | 0 | 0 | 0 |
| Jana Holwick | |||||||||||||
| 122409 | 0 | 0 | 0 | 2400 | 0 | 6328 | 0 | 13066 | 0 | 144203 | 0 | 0 | 0 |
| Robin McDermott | |||||||||||||
| 112723 | 0 | 0 | 0 | 0 | 0 | 5675 | 0 | 12790 | 0 | 131188 | 0 | 0 | 0 |
| Robert Trebar | |||||||||||||
| Robert Trebar | |||||||||||||
| 104467 | 0 | 0 | 0 | 0 | 0 | 5265 | 0 | 12510 | 0 | 122242 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | BENEFITS PROVIDED TO CERTAIN OFFICERS, | Identifier |
| Return Reference | PART I, LINE 1A: | ReturnReference |
| Explanation | THE COLLEGE REQUIRES ITS PRESIDENT TO LIVE ON CAMPUS AND HAS PROVIDED THE MANOR HOUSE TO HIM. THE PRESIDENT CONDUCTS A SUBSTANTIAL AMOUNT OF BUSINESS AT HIS RESIDENCE. IN CONNECTION WITH THE HOUSE, THE COLLEGE PROVIDES CUSTODIAL SERVICES FOR THE CLEANING AND MAINTENANCE OF THE PROPERTY. THE COLLEGE ALSO PROVIDES A PAID CLUB MEMBERSHIP FOR THE PRESIDENT. THE HOUSING, CUSTODIAL SERVICES, AND CLUB MEMBERSHIP ARE NOT TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| LAKE COUNTY PORT AUTHORITY | |||||||
| 261159448 | 509442AA7 | 2008-08-01 | 15555000 | EDUCATIONAL FACILITIES | false | false | false |
| OHIO HIGHER EDUCATIONAL FACILITY COMMISSION | |||||||
| 346849674 | 67756AND0 | 2003-09-30 | 12665000 | EDUCATIONAL FACILITIES | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 15555000 | 249997 | 0 | 0 | 306569 | 0 | 393442 | 14604992 | 0 | 0 | 2010 | false | false | true | true |
| 0 | 0 | 12665000 | 0 | 0 | 0 | 217340 | 0 | 0 | 12447660 | 0 | 0 | 2004 | false | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|
| false | false | false | false | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | false | false | 0.00000 | 0.00000 | 0.00000 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|---|---|
| FIFTH THIRD BANK | |||||||||
| false | true | true | 4.25 | false | false | false | 0 | false | false |
| 0 | |||||||||
| false | true | false | false | 0 | false | false | |||
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | RICHARD OSBORNE SR | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | DIRECTOR | Relationship |
| Amount Of Transaction | 244139 | AmountOfTransaction |
| Description Of Transaction | UTILITIES | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty | |
| Securities Publicly Traded | SecuritiesPubliclyTraded | |
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | horses | Description |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 233000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Appraisal | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 3 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| FORM 990 REVIEW, | FORM 990, PART VI, LINE 11B: | A DRAFT OF THE FORM 990 IS SENT ELECTRONICALLY TO THE FINANCE AND AUDIT COMMITEE OF THE BOARD OF DIRECTORS, THE PRESIDENT, AND THE PRESIDENT'S CABINET FOR REVIEW AND COMMENT. THE FINAL VERSION OF FORM 990 IS SENT ELECTRONICALLY TO THE COLLEGE'S BOARD OF DIRECTORS BEFORE FILING. |
| MONITORING AND ENFORCEMENT OF CONFLICT POLICY, | FORM 990, PART VI, LINE 12C: | THE CONFLICT OF INTEREST DISCLOSURES ARE ON FILE IN THE PRESIDENT'S OFFICE. ANY MEMBER OF THE PUBLIC MAY REQUEST A COPY OF THE ANNUAL DISCLOSURES. WHEN A CONFLICT ARISES, THE INDIVIDUAL IS NOT PERMITTED TO PARTICIPATE IN THE DISCUSSION OR TO VOTE ON THE MATTER. THE DECISION ON THE TRANSACTION IS MADE BY BOARD MEMBERS WHO ARE INDEPENDENT OF THE PERSON WITH THE CONFLICT. |
| COMPENSATION REVIEW AND APPROVAL, | FORM 990, PART VI, LINE 15: | THE COLLEGE CONTRACTS WITH AN EMPLOYMENT RECRUTING AGENCY TO FILL THE PRESIDENT AND OTHER CABINET POSITIONS. COMPENSATION LEVELS ARE DETERMINED BY INDEPENDENT FIRMS BASED ON MARKET STUDIES OF SIMILAR POSITIONS AT SIMILARLY-SIZED COLLEGES. THESE COMPENSATION DECISIONS ARE MADE BY INDIVIDUALS WHO ARE INDEPENDENT OF THE EMPLOYEES FOR WHOM THE DECISIONS ARE BEING MADE. EMPLOYEES FILLING ANY CABINET-LEVEL POSITIONS ARE GIVEN A WRITTEN EMPLOYMENT CONTRACT. |
| BUSINESS RELATIONSHIPS, | FORM 990 PART VI, LINE 2: | MICHAEL VICTOR, PRESIDENT, HAS A BUSINESS RELATIONSHIP WITH RICHARD OSBORNE, WHO SERVES ON THE BOARD OF DIRECTORS. |
| AVAILABILITY OF DOCUMENTS, | FORM 990, PART VI, LINE 19: | AS A RECIPIENT OF FEDERAL FUNDS, THE COLLEGE'S AUDITED FINANCIAL STATEMENTS AND OMB A-133 AUDIT REPORT ARE AVAILABLE FROM THE FEDERAL AUDIT CLEARINGHOUSE. THE COLLEGE ALSO MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE TO PROSPECTIVE GRANTING ORGANIZATIONS, AS WELL AS OTHER ORGANIZATIONS SUCH AS FINANCIAL INSTITUTIONS, UPON REQUEST. THE COLLEGE MAKES ITS CONFLICT POLICY AVAILABLE UPON REQUEST. IT DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. |
| OTHER CHANGES IN NET ASSETS, | FORM 990, PART XI, LINE 5: | UNREALIZED GAIN ON INVESTMENTS: $10,067; CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS AND FUNDS HELD IN TRUST BY OTHERS: ($342,743); CHANGE IN INTEREST RATE SWAP LIABILITY: ($47,410); TOTAL ADJUSTMENT: ($380,086). |
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