2013-04-02T13:41:30-05:00 2012-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2011-07-01 237179639 WISCONSIN LUTHERAN COLLEGE INC WISC 4144438800 8800 WEST BLUEMOUND ROAD MILWAUKEE WI 53226 GARY A SCHMID 4144438800 2013-03-28 1 TROY E MARINE CPA P00187863 4147775500 2013-03-27 2011 2016-02-25 16:41:14Z DANIEL W JOHNSON 8800 WEST BLUEMOUND ROAD MILWAUKEE WI 53226 37488516 0 1773 X WLC.EDU X 1973 WI WISCONSIN LUTHERAN COLLEGE IS A PRIVATE, FOUR-YEAR LIBERAL ARTS COLLEGE OFFERING 35 UNDERGRADUATE MAJORS AND 5 GRADUATE DEGREES IN EDUCATION. ITS MISSION IS TO PROVIDE AN OPPORTUNITY TO ITS STUDENTS FOR A LIBERAL ARTS EDUCATION IN KEEPING WITH THE THEOLOGICAL FOUNDATIONS OF ITS CONFERENCE CONGREGATIONS AND THE WISCONSIN EVANGELICAL LUTHERAN SYNOD. 27 27 900 100 520 0 11867827 7630531 21591695 26110059 958615 1071080 747587 1002817 35165724 35814487 8006889 9499791 0 0 12185607 13577901 0 0 1275660 13475371 15526435 33667867 38604127 1497857 -2789640 107283444 105494891 57804107 59742397 49479337 45752494 X WISCONSIN LUTHERAN COLLEGE, AFFILIATED WITH THE WISCONSIN EVANGELICAL LUTHERAN SYNOD, IS A LUTHERAN LIBERAL ARTS COLLEGE FOR CHRISTIAN MEN AND WOMEN. THE COLLEGE IS COMMITTED TO PROVIDING QUALITY TEACHING, SCHOLARSHIP, AND SERVICE THAT ARE ROOTED IN HOLY SCRIPTURE; PROMOTING THE SPIRITUAL GROWTH OF STUDENTS, FACULTY, AND STAFF; AND PREPARING STUDENTS FOR LIVES OF CHRISTIAN LEADERSHIP. 0 0 21973983 9499791 21290193 INSTRUCTION AND ACADEMIC SUPPORT: WISCONSIN LUTHERAN COLLEGE OFFERS NATIONALLY RANKED ACADEMIC PROGRAMS IN A CHRISTIAN ENVIRONMENT. STUDENTS PARTICIPATE IN SMALL CLASSES AND RECEIVE ONE-ON-ONE MENTORING FROM PROFESSORS. THE COLLEGE PREPARES ITS STUDENTS - 874 FULL-TIME AND 44 PART-TIME WERE ENROLLED IN THE FALL OF 2011 - TO BE CHRISTIAN LEADERS IN THEIR CHOSEN ACADEMIC FIELDS. DURING 2011-2012, 181 STUDENTS GRADUATED FROM THE COLLEGE WITH A BACHELOR OF SCIENCE DEGREE, A BACHELOR OF ARTS DEGREE, OR A BACHELOR OF SCIENCE IN NURSING DEGREE. IN ADDITION TO TRADITIONAL UNDERGRADUATE PROGRAMS THAT ENCOMPASS 36 MAJORS AND FIVE PRE-PROFESSIONAL PROGRAMS, A MASTER OF ARTS IN EDUCATION AND ACCELERATED DEGREE COMPLETION PROGRAMS ARE OFFERED BOTH ON CAMPUS AND ONLINE. DURING 2011-2012, 172 STUDENTS TOOK COURSES THROUGH THE COLLEGE OF ADULT AND GRADUATE STUDIES. ELEVEN STUDENTS GRADUATED FROM THE ACCELERATED DEGREE COMPLETION PROGRAM IN 2011-2012. 11565960 4819866 AUXILIARY ENTERPRISES AND STUDENT SERVICES: THROUGH THE OFFICE OF RESIDENCE LIFE, WISCONSIN LUTHERAN COLLEGE OFFERED GUIDANCE, SUPPORT, ACTIVITIES, AND CAMPUS HOUSING TO 634 STUDENTS WHO LIVED IN 48 COLLEGE-OWNED BUILDINGS IN 2011-2012. OUTSIDE GROUPS AND CAMP ATTENDEES ALSO UTILIZED CAMPUS HOUSING DURING THE SUMMER. THE COLLEGE MANAGES DINING FACILITIES FOR ITS RESIDENT STUDENTS, COMMUTERS, FACULTY, STAFF, GUESTS, AND OUTSIDE GROUPS THAT HOLD EVENTS AND CONFERENCES AT THE COLLEGE. 626241 973843 PUBLIC SERVICE AND INSTITUTIONAL: WISCONSIN LUTHERAN COLLEGE SERVES ITS COMMUNITY THROUGH A VARIETY OF PROGRAMS. STUDENTS PERFORM SERVICE PROJECTS LOCALLY, NATIONALLY, AND INTERNATIONALLY THROUGH THE OFFICE OF CAMPUS MINISTRY, WARRIORS AT WORK, NEW FRIENDS, AND OTHER CAMPUS ORGANIZATIONS. THE CENTER FOR ARTS AND PERFORMANCE OFFERS FREE ARTS PROGRAMMING THROUGH ITS SUMMER ARTS IN THE PARK SERIES. IN ADDITION, THE COLLEGE PROVIDES SPACE AND SUPPORT FOR THE CENTER FOR URBAN TEACHING. 34166184 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 83 0 1 900 1 0 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X GARY A SCHMID 4144438800 8800 WEST BLUEMOUND COLLEGE INC MILWAUKEE WI 53226 C DANIEL STEFFERUD 0.90 X 0 0 0 CHARLES KLUENKER 0.90 X 0 0 0 DENNIS HIMM 0.90 X 0 0 0 GARY DRSKA 0.90 X 0 0 0 GARY STIMAC 0.90 X 0 0 0 GEORGE M ZAFEROS 1.30 X 0 0 0 GERALD FISCHER 0.90 X 0 0 0 JAMES A FISCHER 3.00 X X 0 0 0 JEFF GUNN 0.90 X 0 0 0 JUSTIN GREGORIUS 0.90 X 0 0 0 KENNETH FISHER 1.30 X X 0 0 0 KERRY WOODY 0.90 X 0 0 0 MARK HENRICH 0.90 X 0 0 0 MATT TROTTER 0.90 X 0 0 0 PAUL HARTWIG 0.90 X 0 0 0 R BOWEN LOFTIN 0.90 X 0 0 0 REV SNOWDEN SIMS 0.90 X 0 0 0 RONALD WHITE 1.30 X 0 0 0 RYAN BARBIERI 1.30 X 0 0 0 SCOTT MAYER 0.90 X 0 0 0 STEVE GRANBERG 0.90 X 0 0 0 TERRY GUELDNER 0.90 X 0 0 0 TOM PLATH 0.90 X 0 0 0 W ANDREW UNKEFER 0.90 X 0 0 0 WILLIAM RAASCH 1.30 X X 0 0 0 WILLIAM TREFFERT 1.30 X X 0 0 0 KEN RAABE 0.90 X 0 0 0 CRAIG RUSSOW 40.00 X 37282 0 32234 DANIEL W JOHNSON 40.00 X 138101 0 73662 DENNIS MILLER 40.00 X 61447 0 52050 GARY SCHMID 40.00 X 20316 0 40234 JAMES BRANDT 40.00 X 74290 0 46634 JOHN KOLANDER 40.00 X 91097 0 56234 STEVE SCHROEDER 40.00 X 73646 0 50034 DUANE SCHLOMER 40.00 X 89488 0 25366 MERLYN KRUSE 40.00 X 86053 0 16176 671720 0 392624 1 0 1 0 WISCONSIN EVANGELICAL LUTHERAN SYNOD 2929 N MAYFAIR ROAD MILWAUKEE WI 53222 INSURANCE 1729122 1 24800 7605731 7630531 TUITION AND FEES 900099 21290193 21290193 AUXILIARY ENTERPRISES 611710 4819866 4819866 26110059 1132059 1132059 196177 166050 30127 30127 30127 1419659 1480638 -60979 -60979 -60979 25393 24800 27066 -1673 -1673 6392 275 6117 6117 OTHER INCOME 900099 968246 967726 520 968246 35814487 27083902 520 1099534 9499791 9499791 1064344 381752 299084 383508 9533621 8235687 850484 447450 179736 167784 3984 7968 2074661 1744388 194890 135383 725539 593196 75511 56832 99296 16298 82998 65138 65138 79964 79964 446396 315378 131018 1389797 952407 331129 106261 622553 312584 309969 1746551 1651184 95367 613199 552807 19879 40513 173155 158376 8241 6538 1483129 1235520 247609 2716619 2636106 80513 177958 2916 175042 MISCELLANEOUS 5912680 5710010 111463 91207 38604127 34166184 3162283 1275660 318150 149853 2712857 2082053 557249 944795 16146 16944 45632 19868 114133602 37475642 76534159 76657960 7806700 7357268 12109859 11220169 7182692 7045981 107283444 105494891 1436698 653216 235073 179451 48670000 48850000 5192667 5014225 2269669 5045505 57804107 59742397 X 33014667 30237364 11331183 9890948 5133487 5624182 49479337 45752494 107283444 105494891 X -2789640 -937203 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22406569 916796 328940 1100000 22552305 19890297 810909 2305363 600000 22406569 19009537 1061635 754125 935000 19890297 24496839 412567 -4875869 1024000 19009537 0.66000 0.34000 0 0 15591719 15591719 83261899 26807951 56453948 11121033 8322773 2798260 4158951 2344918 1814033 76657960 SHORT-TERM INVESTMENTS (ENDOWMENT) 60866 C LIMITED PARTNERSHIPS 2814580 C MANAGED FUTURES 1610100 C HEDGE FUNDS 3601258 C REAL ESTATE FUNDS 396984 C VENTURE CAPITAL FUNDS 532651 C DOMESTIC PRIVATE EQUITY FUNDS 1784066 C INTERNATIONAL PRIVATE EQUITY FUNDS 419664 C 11220169 SPLIT INTEREST AGREEMENT 238620 BENEFICIAL INTEREST IN CHARITABLE TRUST 6472210 CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 170151 UNAMORTIZED BOND ISSUE COSTS 165000 7045981 DEPOSITS 169506 AGENCY FUNDS 71464 ANNUITIES PAYABLE 407661 SHORT-TERM BORROWINGS 2938703 INTEREST RATE EXCHANGE LIABILITY 1458171 5045505 35814487 38604127 -2789640 -118766 -818437 -937203 -3726843 25570884 -118766 -625046 -743812 26314696 9499791 9499791 35814487 29297727 193391 193391 29104336 9499791 9499791 38604127 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: EARNINGS ON THE ENDOWMENT ARE USED TO FUND SCHOLARSHIPS FOR UNDERGRADUATE STUDENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: PART X, LINE 2: IN ACCORDANCE WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE COLLEGE ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE COLLEGE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERIT OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE COLLEGE AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES DURING FISCAL YEAR 2012. OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE U.S. TAXING AUTHORITIES ARE FOR THE YEARS 2009 TO 2011, WHICH STATUTES EXPIRE IN 2012 TO 2014. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -809. WITHDRAWAL OVER INCOME EARNED -954,248. CHANGE IN INTEREST RATE SWAP 136,620. TOTAL TO SCHEDULE D, PART XI, LINE 8: -818,437. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -809. WITHDRAWALS OVER INCOME EARNED -954,248. CHANGE IN INTEREST RATE SWAP 136,620. RENTAL EXPENSES 166,050. COGS 275. FUNDRAISING EXPENSE 27,066. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND INSTITUTIONAL AID 9,499,791. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 166,050. COGS 275. FUNDRAISING EXPENSE 27,066. PART XIII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND INSTITUTIONAL AID 9,499,791. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 OUR NON-DISCRIMINATION POLICIES ARE PUBLIC AND REPRESENTED IN OUR STUDENT GUIDES AND WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES AND ADMINISTERS FEDERAL FINANCIAL AID (TITLE IV) INCLUDING PELL GRANTS, DIRECT LOANS, FEDERAL WORK-STUDY. GOLF OUTING 50193 24800 25393 27066 50193 24800 25393 27066 27066 -1673 1 INSTITUTIONAL MERIT AND NEED BASED AID 874 9499791 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: WLC AWARDS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS MEETING CERTAIN FINANCIAL NEED TESTS AND ACADEMIC MERIT LEVELS. STUDENTS RECEIVING FINANCIAL ASSISTANCE MUST MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVMENT, FINE ARTS ABILITIES, OR FINANICAL NEED, OR OTHER SIMILAR STANDARDS SET BY THE BOARD OF REGENTS OR DONORS OF RESTRICTED OR ENDOWED FUNDS. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DANIEL W JOHNSON 129701 0 0 0 8400 0 0 0 73662 0 211763 0 0 0 WI HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 2012-02-23 48850000 CONSTRUCTION AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES 0 0 0 48850000 48670000 180000 2006 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 1 1 1 US BANK NA 5.000000000000 0 0 0 0 0 X ALTHOUGH THE COLLEGE DOES NOT HAVE FORMAL WRITTEN PROCEDURES RELATED TO BOND COMPLIANCE, IT HAS DESIGNATED ITS ASSISTANT VICE PRESIDENT OF FINANCE TO BE RESPONSIBLE FOR ONGOING COMPLIANCE. IT ALSO RELIES ON THE TAX EXEMPTION CERTIFICATE AND AGREEMENT AND OTHER COMPLIANCE AND COVENANT CHECKLISTS AS A GUIDELINE TO MONITOR CONTINUING COMPLIANCE. DISCLOSURE SUBJECT TO FERPA LAWS 88470 SCHOLARSHIP X 2545 FMV X SCIENTIFIC EQUIPMENT 1 25400 FMV X SUPPLIES/GIFT CERTIFICATES 33 26373 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OF THE BOARD IS COMPRISED OF 7 INDIVIDUALS - ALL OF WHOM SIT ON THE BOARD - INCLUDING THE CHAIRMAN, VICE-CHAIRMAN, SECRETARY, AND TREASURER OF THE BOARD PLUS 3 OTHER MEMBERS OF THE BOARD. THE EXECUTIVE COMMITTEE IS CHARGED WITH ALL HUMAN RESOURCES DECISIONS (COMPENSATION AND BENEFITS). FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF THE BOARD OF REGENTS RESTS WITH DELEGATES OF THE CONFERENCE OF CONGREGATIONS WHICH FOUNDED THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY MEMBERS OF THE PRESIDENT'S CABINET (PRESIDENT AND VICE PRESIDENTS) AND THE CHAIRMAN OF THE BOARD OF REGENTS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH MEMBER OF THE BOARD (OFFICERS, DIRECTORS, AND TRUSTEE (REGENTS) ARE REQUIRED TO SUBMIT AN UPDATED STATEMENT REGARDING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 USED CUPA STUDY DATA PLUS REVIEWED BY EXECUTIVE COMMITTEE FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -118,766. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -809. WITHDRAWAL OVER INCOME EARNED -954,248. CHANGE IN INTEREST RATE SWAP 136,620. TOTAL TO FORM 990, PART XI, LINE 5: -937,203. CHARITABLE REMAINDER TRUST TRUST WI NONE T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0