2025-05-14T11:33:39-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2023-07-01 390821861 LAKELAND UNIVERSITY LAKE 9205651000 W3718 SOUTH DR PLYMOUTH WI 53073 ELIZABETH BORGEN PRESIDENT 9205651000 2025-05-13 1 1 KIMBERLY ANDERSON P00188889 6086628600 2025-05-13 2023 2025-03-06 01:10:19Z ELIZABETH BORGEN W3718 SOUTH DR PLYMOUTH WI 53073 52078661 0 X WWW.LAKELAND.EDU X 1862 WI LAKELAND UNIVERSITY EDUCATES INDIVIDUALS OF DIVERSE BACKGROUNDS. 25 24 818 10 0 0 5345192 10092613 37447598 37736104 -1162297 -1452 1851427 1536442 43481920 49363707 13633599 13974042 0 0 19679008 18773724 0 0 320130 17723445 18488409 51036052 51236175 -7554132 -1872468 73796999 69657741 49075348 46228999 24721651 23428742 X LAKELAND UNIVERSITY EDUCATES INDIVIDUALS OF DIVERSE BACKGROUNDS, PREPARING THEM TO THINK CRITICALLY, TO COMMUNICATE EFFECTIVELY, TO SUCCEED PROFESSIONALLY, AND TO LEAD ETHICAL, PURPOSEFUL, AND FULFILLING LIVES. ROOTED IN THE VALUES OF THE UNITED CHURCH OF CHRIST, LAKELAND INTEGRATES THE LIBERAL ARTS AND EXPERIENTIAL LEARNING TO DEVELOP THE WHOLE PERSON FOR SUCCESS IN A DYNAMIC, MULTI-FACETED WORLD. 0 0 27345357 13974042 32842640 INSTRUCTION AND RELATED ACTIVITIES INCLUDE EXPENDITURES FOR ALL INSTRUCTION COSTS, INCLUDING GRANTS, AND RELATED ACTIVITIES. 11002456 0 1537691 ACADEMIC SUPPORT EXPENSES PROVIDE FUNDING FOR ADMINISTRATIVE OVERSIGHT IN ACADEMIC PROGRAMMING, LIBRARY SERVICES, TUTORING, ACCREDITATION, INSTRUCTIONAL DESIGN AND COMPUTING. ADDITIONALLY, STUDENT SERVICES EXPENSES PROVIDE FUNDING TO STUDENTS INCLUDING FOR ATHLETICS, HEALTH SERVICES, REGISTRATION, FINANCIAL AID, AND SECURITY. 6537645 0 4911996 AUXILIARY SERVICES INCLUDE EXPENDITURES FOR DINING SERVICES, RESIDENCE LIFE, AND RELATED ACTIVITIES. 44885458 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 88 0 1 818 1 0 1 JA 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 WI X X ELIZABETH BORGEN 9205651000 W3718 SOUTH DR PLYMOUTH WI 530734878 ELIZABETH BORGEN PRESIDENT 50.00 1.00 X X 208514 0 8179 JEFFREY SPENCE CHAIRPERSON 0.50 0.50 X X 0 0 0 MICHAEL LANSER VICE CHAIRPERSON 1.00 0.00 X X 0 0 0 BONITA GRAFF SECRETARY & TREASURER 0.50 0.50 X X 0 0 0 TRYG JACOBSON TRUSTEE 1.00 0.00 X 0 0 0 IRVIN KAAGE TRUSTEE 1.00 0.00 X 0 0 0 ROBERT LOFFREDO TRUSTEE 1.00 0.00 X 0 0 0 REV STEPHEN SAVIDES TRUSTEE 1.00 0.00 X 0 0 0 DEBRA ANSAY TRUSTEE 1.00 0.00 X 0 0 0 BRIAN BADURA TRUSTEE 1.00 0.00 X 0 0 0 CORY BOUCK TRUSTEE 1.00 0.00 X 0 0 0 STUART BROTZ TRUSTEE 0.50 0.50 X 0 0 0 CAITLIN BROTZ-MCNITT TRUSTEE 1.00 0.00 X 0 0 0 BENJAMIN DUKE TRUSTEE 1.00 0.00 X 0 0 0 RICHARD GAUMER TRUSTEE 1.00 0.00 X 0 0 0 PAUL GRIFFIN TRUSTEE 1.00 0.00 X 0 0 0 KEONA JONES TRUSTEE 1.00 0.00 X 0 0 0 KASHOUA KRISTY YANG TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL KLEIN TRUSTEE 1.00 0.00 X 0 0 0 JULIA KLIMKOVICH TRUSTEE 1.00 0.00 X 0 0 0 BARBARA LAMUE TRUSTEE 1.00 0.00 X 0 0 0 BARBARA LOGAN SMITH TRUSTEE 1.00 0.00 X 0 0 0 LOLA ROEH TRUSTEE 1.00 0.00 X 0 0 0 LAURA ROENTIZ TRUSTEE 1.00 0.00 X 0 0 0 DAVID SENTY TRUSTEE 1.00 0.00 X 0 0 0 JOSE ARAUJO TRUSTEE (THRU FEB 2024) 1.00 0.00 X 0 0 0 JOSHUA KUTNEY VP OF ACADEMIC AFFAIRS, DEAN OF COLLEGE 50.00 0.00 X 150389 0 2263 JONATHAN FELD VP OF ENROLLMENT MANAGEMENT 50.00 0.00 X 117434 0 16986 JAMES JONES VP OF HUMAN RESOURCES 50.00 0.00 X 116908 0 7751 DEB BUFFINGTON VP OF FINANCE & OPERATIONS, CFO 50.00 1.00 X 109042 0 1453 DAVID SIMON VP OF STUDENT AFFAIRS & DEAN OF STUDENTS 50.00 0.00 X 106857 0 9996 BRIAN FRINK VP OF LUJ & DEAN OF BUS, SCIENCE, TECH 50.00 0.00 X 97145 0 17023 SAMUEL POULLETTE VP OF ENROLLMENT MANAGEMENT 50.00 0.00 X 41897 0 1521 GREG RUTZEN VP OF ADVANCEMENT 50.00 0.00 X 0 0 0 LENORA STUCKMANN VP OF FINANCE & OPERATIONS, CFO 50.00 0.00 X 52009 0 15224 BRITANNI MEINNERT ASSOC VP OF COOPERATIVE EDUCATON 50.00 0.00 X 127983 0 10779 APRIL ARVAN PROF SPORT MGMT & LEADERSHIP, ASSOC DIR ATHLETICS 50.00 0.00 X 126781 0 6240 RACHEL WARE CARLTON DEAN OF KELLETT SCHOOL 50.00 0.00 X 124939 0 2753 KERRY HAMM DIRECTOR & INSTRUCTOR OF NURSING 50.00 0.00 X 113096 0 18773 JOHN YANG DIRECTOR OF THE CENTER OF TEACHER EXCELLENCE 50.00 0.00 X 108612 0 9987 1601606 0 128928 16 0 1 0 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 282603519 MEDIA/MARKETING SERVICES 1022838 PREVEA HEALTH PO BOX 19070 GREEN BAY WI 543079070 COVID TESTING HEALTHCARE SERVICES 387033 FOLLETT HIGHER EDUCATION GROUP 3146 SOLUTIONS CENTER CHICAGO IL 606773001 HIGHER ED SERVICES 222800 CAMERA CORNER 529 N MONROE AVE GREEN BAY WI 543014909 TECHNOLOGY SERVICES 204620 GOOGLE INC 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043 TECHNOLOGY SERVICES 172930 16 21185 1643033 4100982 4327413 30019 10092613 EDUCATION, TUITION, AND FEES 611600 32842640 32842640 AUXILIARY SERVICES 611600 3355773 3355773 INSTRUCTION ACTIVITIES 611710 702748 702748 OTHER PROGRAM REVENUE 611710 588899 588899 JAKE 611710 150694 150694 95350 95350 37736104 152840 152840 1418874 1328200 244966 90674 -244966 -154292 -154292 5880 21185 25661 -19781 -19781 2672350 1116127 1556223 1556223 49363707 39292327 0 -21233 13974042 13974042 1132249 1132249 13445404 13136994 111399 197011 147337 135250 9843 2244 3055679 2611273 401088 43318 993055 829715 149576 13764 10560 10560 109019 109019 203415 203415 3356144 2114743 1226701 14700 811376 799716 8812 2848 362103 317726 37697 6680 669887 448282 221605 2498366 2452599 45767 830020 796926 21391 11703 1021646 683893 337753 4077387 3961132 103180 13075 315320 8161 307159 MAINTENANCE & REPAIRS 2357862 2125052 223079 9731 BAD DEBT EXPENSE 647780 647780 FOREIGN CURRENCY TRANSL 524892 524892 MEMBERSHIPS 187382 71800 110692 4890 505250 418154 86930 166 51236175 44885458 6030587 320130 1365641 452571 1259623 5209118 2274871 1312061 76953 0 165817 154916 287619 284472 111794690 58270151 57098833 53524539 7746877 6943029 3520765 1777035 73796999 69657741 4713707 5530377 28624 50600 2328390 2489750 35700874 35251383 2500000 0 3803753 2906889 49075348 46228999 X 21969827 18677055 2751824 4751687 24721651 23428742 73796999 69657741 X -1872468 611462 -31903 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 189428 X X 0 19847162 1522862 167751 1637806 19899969 18777358 1344004 1940476 2168365 46311 19847162 21415099 841163 -2900665 534051 44188 18777358 17508531 359286 3956407 348231 60894 21415099 17944616 198758 76346 654427 56762 17508531 0.16524 0.10184 0.73292 0 1 1 1814189 1814189 86715493 39659481 47056012 305489 280418 25071 21943127 17179523 4763604 1016392 1150729 -134337 53524539 POST RETIREMENT 722271 ASSETS RETIREMENT OBLIGATION 933524 ANNUITY OBLIGATIONS 158960 STUDENT DEPOSITS 209430 AGENCY FUNDS 399386 LEASE LIABILITIES 483318 2906889 X PART III, LINE 1A: WORKS OF ART ARE INCLUDED WITH THE UNIVERSITY'S ASSETS, AND ON DISPLAY ON CAMPUS FOR PUBLIC VIEWING PART III, LINE 4: WORKS OF ART ARE INCLUDED WITH THE UNIVERSITY'S ASSETS, AND ON DISPLAY ON CAMPUS FOR PUBLIC VIEWING. NO OTHER NOTICEABLE CHANGES IN THIS AREA. PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUNDS IS TO SUBSIDIZE SCHOLARSHIPS, PROFESSORSHIPS, AND GENERAL OPERATIONS OF THE UNIVERSITY USING INVESTMENT INCOME TRANSFERRED TO LAKELAND UNIVERSITY ANNUALLY BY THE FOUNDATION. PART X, LINE 2: THE UNIVERSITY AND THE FOUNDATION ARE EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 71.26(1)(A) OF THE WISCONSIN STATUTES, RESPECTIVELY. HOWEVER, THE UNIVERSITY IS SUBJECT TO INCOME TAXES ON ANY INCOME THAT IS DERIVED FROM A TRADE OF BUSINESS REGULARLY CARRIED ON AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS NET INCOME, IF ANY, FROM UNRELATED TRADE OR BUSINESS IS INSIGNIFICANT. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 OR 2023. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL APPLICATIONS AND ADVERTISING CONTAIN STATEMENTS AS TO THE NONDISCRIMINATORY POLICY OF THE UNIVERSITY. SCHEDULE E, PART I, LINE 6 LAKELAND UNIVERSITY RECEIVES FEDERAL GRANTS, FEDERAL WORK STUDY, OUTSIDE GRANTS, AND STATE GRANTS. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 70 PROGRAM SERVICES UNIVERSITY EDUCATION 3264730 1 70 0 0 1 70 3264730 0 3264730 0 0 1 0 0 0 BLASTERS GOLF TOURNAMENT 27065 21185 5880 25661 27065 21185 5880 25661 25661 -19781 1 SCHOLARSHIPS 2263 13974042 0 N/A N/A PART I, LINE 2: ALL GRANTS ARE DISBURSED TO THE STUDENTS ACCOUNTS DIRECTLY, ACCORDING TO GOVERNMENT REGULATIONS. ALL OUTSIDE GRANTS ARE APPLIED TO THE STUDENTS ACCOUNTS AS PER THE INSTRUCTIONS FROM THE GRANTOR. LAKELAND UNIVERSITY'S FINANCIAL AID DEPARTMENT MONITORS ALL GRANTS AND SCHOLARSHIPS USING POWERFAIDS SOFTWARE WHICH IS VERIFIED WITH COD BEFORE DISBURSEMENTS ARE PROCESSED FOR OUTSIDE AND OTHER INSTITUTIONAL AID. THE FINANCIAL AID DEPARTMENT FOLLOWS THE SAME PROCEDURES. X 1 1 X X 0 0 0 0 0 0 0 0 0 ELIZABETH BORGEN PRESIDENT 208514 0 0 0 0 0 3194 0 4985 0 216693 0 0 0 JOSHUA KUTNEY VP OF ACADEMIC AFFAIRS, DEAN OF COLL 150389 0 0 0 0 0 2238 0 25 0 152652 0 0 0 PART I, LINE 1A PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AND RESIDES IN THE PRESIDENT'S HOUSE RENAISSANCE I LLC BOARD TRUSTEE LOLA ROEH OWNS RENAISSANCE I LLC 25000 OWNER'S REPRESENTATIVE FEE FOR NEW RESIDENCE HALLS PROJECT 0 ANSAY & ASSOCIATES BOARD TRUSTEE DEBRA A. ANSAY HUSBAND OWNS ANSAY & ASSOCIATES 36158 INSURANCE SERVICES 0 X 50 FMV X 3 29969 FMV 0 0 0 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A EACH BOARD MEMBER HAS ONE VOTE. THERE IS A WIDE VARIETY OF BACKGROUND. THE BOARD OF TRUSTEES HAS FIDUCIARY AUTHORITY OVER STRATEGIC DECISION MAKING OVER THE ORGANIZATION. THERE SHALL BE AN EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONSISTING OF THE CHAIR, VICE CHAIR, TREASURER, AND SECRETARY, AS WELL AS CHAIRS OF THE FINANCE, INFRASTRUCTURE, & ADMINISTRATION, COMMITTEE, AUDIT COMMITTEE, TRUSTEESHIP & HUMAN CAPITAL COMMITTEE, AND OTHER COMMITTEE CHAIRS THE BOARD MAY ESTABLISH. THE BOARD MAY ALSO ELECT ONE OF ITS MEMBERS AS AN ALTERNATE MEMBER OF THE EXECUTIVE COMMITTEE IN PLACE OF ANY ABSENT MEMBERS, UPON REQUEST OF THE CHAIR OF THE BOARD. THE EXECUTIVE COMMITTEE MAY EXERCISE ALL POWERS OF THE BOARD IN MANAGEMENT OF THE UNIVERSITY, EXCEPT ACTIONS IN ELECTION OF OFFICERS, FILLING VACANCIES IN THE BOARD OR EXECUTIVE COMMITTEE, AND ANY OTHER MATTER WHICH THE BOARD OF TRUSTEES EXPRESSLY ORDERS WITHHELD FROM THE AUTHORITY OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE FINANCE COMMITTEE ARE PROVIDED WITH THE DRAFT OF THE 990 BEFORE FILING FOR REVIEW. FURTHER, THE 990 IS MADE AVAILABLE FOR ALL BOARD MEMBERS, PUBLISHED ON THE TRUSTEE PORTAL AND NOTIFICATIONS ARE SENT TO ALL TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY'S CONFLICT OF INTEREST POLICY APPLIES TO ALL OF ITS OFFICERS AND TRUSTEES. THE POLICY REQUIRES ALL INTERESTED PERSONS DISCLOSE ANY PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIPS THAT MAY GIVE RISE TO A CONFLICT OF INTEREST, AS WELL AS ANY OTHER SITUATION THAT COULD AFFECT THEIR INDEPENDENT, UNBIASED JUDGEMENT IN THEIR DECISION-MAKING AUTHORITY AND RESPONSIBILITY. THE FULL BOARD REVIEWS ALL POTENTIAL CONFLICTS OF INTEREST. WHEN A TRUSTEE IS DETERMINED TO HAVE A CONFLICT OF INTEREST, THEY MUST REFRAIN FROM PARTICIPATING IN ANY DISCUSSION OR CONSIDERATION OF THE INTERESTED TRANSACTION. ADDITIONALLY, UPON THE MAJORITY VOTE OF THE BOARD OR AT THE REQUEST OF THE BOARD CHAIR, THE INTERESTED TRUSTEE MUST BE EXCUSED FROM THE MEETING WHICH THE INTERESTED TRANSACTION OR CONFLICT IS CONSIDERED AND DISCUSSED, UNLESS THE BOARD REQUESTS INFORMATION FOR INTERPRETIVE OR SPECIAL REASONS. IN THE EVENT THAT THE BOARD OR EXECUTIVE COMMITTEE IS REQUIRED TO VOTE ON THE CONFLICT OF INTEREST, THE INTERESTED TRUSTEE SHALL NOT BE PRESENT AT THE TIME OF THE VOTE. THE RESULTS OF THE BOARD'S DELIBERATIONS ARE DOCUMENTED IN ITS MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 LAKELAND'S HR DEPARTMENT PROVIDES THE CHAIRMAN OF THE BOARD COMPARATIVE DATA. LAKELAND'S POLICY AND RECOMMENDATIONS ARE REVIEWED BY THE CHAIRPERSON AND ARE DISCUSSED WITH THE EXECUTIVE COUNCIL IF NECESSARY. LAKELAND'S HR DEPARTMENT PROVIDES THE PRESIDENT COMPARATIVE DATA AND THE SALARIES ARE REVIEWED ANNUALLY THROUGH THE BUDGET CYCLE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ACCRETION EXPENSE 5,036. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -36,939. LAKELAND UNIVERSITY FOUNDATION INC W3718 SOUTH DRIVE PLYMOUTH WI 53073 391655132 TO PROVIDE SCHOLARSHIPS TO LAKELAND UNIVERSITY WI 501(C)(3) LINE 7 LAKELAND UNIVERSITY 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LAKELAND UNIVERSITY FOUNDATION INC C 1637806 CASH