2011-02-15T15:41:49-07:00 2010-06-30 990 2009-07-01 390821861 LAKELAND COLLEGE LAKE 9205651336 PO Box 359 Sheboygan WI 530820359 Joseph Botana II 9205651336 2011-02-08 2009 2016-02-24 21:20:13Z Dr Stephen A Gould PO Box 359 Sheboygan WI 530820359 43905587 0 X www.lakeland.edu X 1862 WI Lakeland College provides educational services to undergraduate and graduate students in Sheboygan County and throughout Wisconsin. The fees collected directly relate to the provision of those services on a one-to-one basis (i.e., this revenue is collected from the beneficiaries of the service.) In addition, housing and meal services are provided to the students attending classes at the main campus. Living in the campus community is an integral part of a traditional 4 year liberal arts educations, which Lakeland College provides in its traditional Day-undergraduate program. 23 23 1350 475 71429 71429 3271276 4800147 38046733 38186634 73604 428964 293212 420630 41684825 43836375 9356514 9854979 0 0 20569608 21556696 0 0 576198 12840323 12647909 42766445 44059584 -1081620 -223209 39543076 39077829 23505262 23263224 16037814 15814605 Lakeland College provides educational services to undergraduate and graduate students in Sheboygan County and throughout Wisconsin. The fees collected directly relate to the provision of those services on a one-to-one basis (i.e., this revenue is collected form the beneficiaries of the service. In addition, housing and meal services are provided to the students attending classes at the main campus. Living in the campus community is an integral part of a traditional 4 year liberal arts educations, which Lakeland College provides in its tradional Day-undergraduate program. 0 0 0 9854979 0 Student Financial Aid Programs, General/Other: Providing of federal, state and other outside grants as well as institutional grants. 4004240 0 0 Education, General/Other: Operations and maintenance of Plant: to provide facilities for holding courses and educational community events. 6065216 0 0 Student Services Programs, General/Other: Auxiliary Services: To provide residential and food service to college students incidental to their education and host various educational community events. 12764081 0 0 Student Services Programs, General/Other: Academic Support and Student Services: To provide counseling services and other non-classroom educational programs and activities to the college students (0 Students) 14885495 9854979 33615026 Educational Programs, General/Other: Instruction and Activities related to Instruction: To provide classroom iunstruction and supporting activies to college students (0 Students) 27649576 9854979 33615026 37719032 1 1 0 0 0 0 1 0 1 1 1 1 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 1 120 0 1 1350 1 1 1 0 0 0 0 1 1 0 0 0 0 0 23 23 1 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X X X Joseph D Botana II CPA 9205651336 c/o Lakeland College Sheboygan WI 530820359 William T Bathke 0 X 0 0 0 Dr Peter F Bemis 0 X 0 0 0 Stuart W Brotz 0 X 0 0 0 Richard L Ensweiler 0 X 0 0 0 Ronald G Foster 0 X 0 0 0 Barbara S Gannon 0 X 0 0 0 Doron M Green 0 X 0 0 0 Harold E Gries MD 0 X 0 0 0 Rev John T McFadden 0 X 0 0 0 Rev David J Michael 0 X 0 0 0 Robert T Melzer 0 X 0 0 0 Jeffrey M Ottum 0 X 0 0 0 Michael Potts 0 X 0 0 0 Barb Quasius 0 X 0 0 0 Doug Quick 0 X 0 0 0 Peter N Reddin 0 X 0 0 0 Fredric Seefeldt 0 X 0 0 0 Jeffrey S Spence 0 X 0 0 0 Waymon V Stewart 0 X 0 0 0 Carla E Salmon 0 X 0 0 0 William C Sheldon 0 X 0 0 0 Deborah Wente 0 X 0 0 0 William H Younger 0 X 0 0 0 Margaret Albrink 50 X X X X 95184 0 20522 Dr Stephen Gould 50 X X X 210348 0 47545 Joseph D Botana II 50 X X X 121798 0 21789 Daniel Eck 50 X X X 92500 0 5870 Nathan Dehne 50 X X X 106290 0 21383 Anthony E Fessler 50 X X X 95634 0 21006 Allan Mitchler 50 X X X 129743 0 23053 Kenneth Strmiska 50 X X X 85020 0 2171 Jeff Elzinga 40 X X 88350 0 6500 Richard Gaumer 40 X X 110295 0 18781 Mehraban Khodavandi 40 X X 126809 0 21302 Matthew Niederjohn 40 X X 93437 0 20293 Charles Stockman 40 X X 92096 0 12284 1447504 0 242499 6 0 1 0 Burkart Heisdorf PO Box 1320 Sheboygan WI 530821320 Insurance Agent 185831 Zimmerman Printing Company P O Box 931 Sheboygan WI 530820931 Professional printing 206439 The Lewer Agency 4534 Wornall Road Kansas City MO 64111 International Student Insurance 179625 Guide One Insurance PO Box 14599 Des Moines IA 503063599 Property Insurance 154506 4 0 0 206000 0 3153202 1440945 165904 4800147 Unrelated Business Income 900099 71429 0 71429 0 38115205 38115205 0 0 38186634 427176 427176 0 0 0 0 0 0 0 0 0 0 0 0 71000 0 69212 0 1788 0 1788 1788 0 0 0 Income from Lakeland College Foundation 611710 534000 534000 0 0 Gain on sale of assets 900099 1960 1960 0 0 Unrealized Gains (Losses) 900099 -115330 -115330 0 0 0 0 0 0 420630 43836375 38964799 71429 0 0 0 9854979 9854979 0 0 0 0 1099857 442869 501444 155544 0 0 0 0 15453662 13200162 2009041 244459 686090 507994 157226 20870 3241228 2383888 823693 33647 1075859 899629 154824 21406 8500 0 8500 0 12250 0 12250 0 55496 0 55496 0 0 0 0 0 0 0 0 0 0 0 406953 278671 127322 960 1214465 1172935 41530 0 1863795 1251375 602575 9845 813985 597645 216140 200 0 0 0 0 1517375 1319923 197452 0 616425 547166 45180 24079 0 0 0 0 35980 26803 9177 0 721974 505382 216592 0 0 0 0 0 2287018 1945278 341740 0 183884 102770 81114 0 Memberships 133350 41234 91331 785 Cost of Goods Sold for student meals 1192573 1192573 0 0 Uncollectible Accounts 370348 370348 0 0 Unrealized Loss on Derivatives 277304 277304 0 0 Community Service 368023 318817 0 49206 568211 481287 71727 15197 44059584 37719032 5764354 576198 0 0 1612741 3120740 347719 600379 2439480 2066336 0 0 534125 636953 73848 75888 601110 429981 50265503 23788474 27961668 26477029 5682794 5407135 289591 263388 39543076 39077829 1332933 1318247 383749 378520 2596911 2697592 12645000 14635000 0 0 0 0 3341183 265858 0 0 3205486 3968007 23505262 23263224 X 14156190 13980214 1858637 1796719 22987 37672 16037814 15814605 39543076 39077829 X 1 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 189428 0 189428 0 1246840 10000 192538 0 26463 10133 1412782 1343116 35000 -102267 0 20000 9009 1246840 0.254 0.067 0.679 0 1 1 0 79783 79783 0 36504477 14914779 21589698 0 403895 315882 88013 0 4240516 3142540 1097976 0 9036832 5415273 3621559 26477029 0 0 Equity Index Funds 5407135 F 5407135 Accrd Int Rec and Investment in LCJ 263388 263388 0 Post Retirement 918518 Asset Retirement Obligations 450024 Interest Rate Exchange Agreement 724762 Natural Gas Hedges 12815 Annuity Obligations 305450 Agency Funds 296345 Student Deposits 90430 Accrued Liabilities (payroll taxes, other liabilities) 1169663 3968007 43836375 44059584 -223209 0 0 0 0 0 0 -223209 38186634 0 0 0 0 0 38186634 0 5649741 5649741 43836375 44059584 0 0 0 0 0 44059584 0 0 0 44059584 SchD_P03_S00_L04 Schedule D, Part III, Line 4 Paintings, prints and sculptures displayed throughout the campus in buildings and as part of landscaping. As a liberal arts school, their presence along with our students works of art provide educational support. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Board Designated for future use to support the colleges academic needs. SchD_P10_S00_L00 Schedule D, Part X ASSET RETIREMENT OBLIGATIONS: Asset retirement obligations (ARO) are estimated costs and obligations associated with the retirement of long-lived assets. These liabilities are initially recorded at fair value and the related asset retirement costs are recorded as decreases in unrestricted net assets. Asset retirement costs are subsequently accreted over the useful lives of the related assets. The estimate of the losses that are probably from environmental remediation liabilities for asbestos removal was calculated using the expected cash flow approach and based on an inventory of the College's long-lived assets combined with an estimate of the current market prices to remove the asbestos. The College utilized a credit-adjusted risk-free rate to discount the asset retirement obligation. It is reasonably possible that changes in this estimate could occur and that actual results could differ from this estimate and could have a significant effect on the financial statements. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Additional Revenues recorded according to FASB 116, including government grants and institutional scholarships. 1 1 1 All applications and advertising contain statements as to the nondiscriminatory policy of the College. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 Sub-Saharan Africa 0 0 Program Services Educate students selected by Agency for International Development (A.I.D.) to become teachers and professors of education in Malawi. Lakeland also provides funding to help the Malawi ministry of Education and Lakeland's program graduates to build rural schools. 25126 East Asia and the Pacific 1 1 Program Services Lakeland College has a partnership with a Japanese entity (NIC) to operate a campus in Tokyo which offers courses identical to those offered in our Sheboygan, Wisconsin campus and grants a U.S. accredited associate of arts degree. Gross revenues are collected and expenses paid by NIC. Lakeland College provides academic oversight and shares in any net income through this program. 0 1 1 25126 Lakeland Sub-Saharan Africa 15 25156 Wire transfer Cash transfers for SchF_P01_S00_L02 Schedule F, Part I, Line 2 Professor Jeff Elzinga, who is a former U.S. State Department Consular Official in Malawi, and is a Lakeland College Professor, reviews grant applications and approves payments only upon receipt of expense documentation. Lakeland faculty visit Malawi every other year and review the projects and programs associated with the grants given. Recipients are all graduates of Lakeland's A.I.D. Affiliated Malawi Teacher Education Program and are constructing schools in Malawi under the auspices of that country's ministry of education. Gala 315027 110140 204887 0 0 0 0 0 94029 0 0 315027 110140 204887 0 0 0 0 0 94029 94029 110858 1 Lakeland College Institutional 664 4531179 0 Scholarships Same procedures for all students based on academics Federal Grants 942 3153202 0 provided Provided Federal Work Study Grants 266 274685 0 Government Government provided Outside Organizations and Private 325 1191385 Provided by organizations Provided by organizations State of WI Grants 371 979213 0 Provided Provided by State of Wisconsin SchI_P01_S00_L02 Schedule I, Part I, Line 2 All Grants are disbursed to the students accounts directly, according to government regulations. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dr Stephen Gould 177348 0 0 0 61345 0 0 0 19200 0 257893 0 0 0 Allan Mitchler 127943 0 0 0 23053 0 0 0 0 0 150996 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Housing allowance and club dues provided to the president of the college. Wisconsin Health & Educational Facilities Authority 391337855 2010-03-31 14635000 Construction of facilities for continuing educational and academic community. 0 0 14635000 75922 14635000 2010 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 Officer Son of Officer Scholarships Highly Compensated Employee Daughter of Highly Compensated Employee Scholarships Trustee Son and Daughter of Trustee Scholarships Officer Daughter of Officer Scholarships Family member Spouse of Officer 61243 Employee compensation and benefits 0 Family Member Son-in-Law of Officer 47697 Employee compensation and benefits 0 X 1 101442 FMV at date of sale X Ice Machine - Athletic Facility 1 3571 Retail sale value from manufacturer X Property Improvements - rentals 1 9422 Actual Purchase price 0 0 1 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 A board member is also a trustees for another board members foundation. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 Members of the audit committee and executive committee of the trustees review the 990 and make it available to the entire board of trustees upon request. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The legal counsel of the college reviews all conflict of interest policies from trustees and key employees, and passes any items that are of concern to the audit committee. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The college's legal counsel provides the chairman of the board comparative data, college's policy and recommendations. The chairman reviews, discusses with the executive counsel if necessary and approves the employees' wages. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The college's 990 and other policies are available upon request from the Vice President of Finance, on the college's websites and for public viewing through Guide Star. Lakeland College Foundation PO Box 359 Sheboygan WI 530820359 391655132 To provide scholarships to Lakeland College Students WI 501(c)(3) Yes N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Accepted IRS Extension