2021-03-24T16:17:34-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2019-07-01 390821861 LAKELAND UNIVERSITY LAKE 9205651000 W3718 SOUTH DR PLYMOUTH WI 53073 AMY WIRTZ VP FOR FINANCE AND OPERATIONS 9205651000 2021-03-17 1 KIMBERLY ANDERSON P00188889 6086628600 2021-03-16 2019 2022-09-23 18:48:47Z AMY WIRTZ W3718 SOUTH DR PLYMOUTH WI 53073 51827208 0 X WWW.LAKELAND.EDU X 1862 WI LAKELAND UNIVERSITY EDUCATES WOMEN AND MEN OF DIVERSE BACKGROUNDS. 27 27 996 50 -234585 0 13679361 6068233 38908857 40069166 -187750 249721 1227966 1483855 53628434 47870975 16958705 11640543 0 0 18007006 18794112 0 0 814112 14543388 15938180 49509099 46372835 4119335 1498140 60192269 56071918 24072259 22787792 36120010 33284126 X LAKELAND UNIVERSITY EDUCATES WOMEN AND MEN 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 21844413 11640543 36462182 INSTRUCTION AND RELATED ACTIVITIES INCLUDE EXPENDITURES FOR ALL INSTRUCTION COSTS, INCLUDING GRANTS, AND RELATED ACTIVITIES. 13433585 2883682 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. 6250354 2442816 AUXILIARY SERVICES INCLUDE EXPENDITURES FOR DINING SERVICES, RESIDENCE LIFE, AND RELATED ACTIVITIES. 41528352 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 125 0 996 1 1 1 1 JA 0 0 0 1 1 0 0 0 0 0 0 X 27 27 1 1 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 0 WI X X AMY WIRTZ 9205651000 W7318 SOUTH DRIVE PLYMOUTH WI 53073 BARBARA GANNON CHAIRPERSON 1.00 1.00 X X 0 0 0 LOLA ROEH SR. VICE-PRESIDENT 1.00 X X 0 0 0 KATHIE POWERS TREASURER 1.00 1.00 X X 0 0 0 TRYG JACOBSON SECRETARY 1.00 X X 0 0 0 DEBRA ANSAY BOARD MEMBER 1.00 X 0 0 0 JOSE ARAUJO BOARD MEMBER 1.00 X 0 0 0 PAUL BARTELT BOARD MEMBER 1.00 X 0 0 0 WENDY BEMIS BOARD MEMBER 1.00 X 0 0 0 STUART BROTZ BOARD MEMBER 1.00 1.00 X 0 0 0 CAITLIN BROTZ-MCNITT BOARD MEMBER 1.00 X 0 0 0 BONITA GRAFF BOARD MEMBER 1.00 1.00 X 0 0 0 JULIA HOLLISTER BOARD MEMBER 1.00 X 0 0 0 IRVIN KAAGE BOARD MEMBER 1.00 X 0 0 0 LORI KNITT BOARD MEMBER 1.00 X 0 0 0 MICHAEL LANSER BOARD MEMBER 1.00 X 0 0 0 ROBERT LOFFREDO BOARD MEMBER 1.00 X 0 0 0 ROBERT MELZER BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID PEIRCE BOARD MEMBER 1.00 X 0 0 0 CARLA SALMON BOARD MEMBER 1.00 X 0 0 0 REV STEPHEN SAVIDES BOARD MEMBER 1.00 X 0 0 0 FREDRIC SEEFELDT BOARD MEMBER 1.00 X 0 0 0 DAVID SENTY BOARD MEMBER 1.00 X 0 0 0 WILLIAM SHELDON BOARD MEMBER 1.00 1.00 X 0 0 0 JEFF SPENCE BOARD MEMBER 1.00 X 0 0 0 JOSEPH STEFFENSMEIER BOARD MEMBER 1.00 X 0 0 0 WALLY WALDHART BOARD MEMBER 1.00 X 0 0 0 DEBORAH WENTE BOARD MEMBER 1.00 X 0 0 0 DAVID R BLACK PRESIDENT 50.00 X 184232 0 5112 ELIZABETH BORGEN EXECUTIVE VICE PRESIDENT 50.00 X 165591 0 5072 MARGARET ALBRINCK PROVOST & VICE PRESIDENT FOR ACADEMIC AFFAIRS 50.00 X 129240 0 16412 AMY WIRTZ VICE PRESIDENT FOR FINANCE AND OPERATIONS 50.00 X 108757 0 8290 JANE BOUCHE INTERIM VICE-PRESIDENT FOR KELLETT 50.00 X 83346 0 11369 DAVID SIMON VP STUDENT AFFAIRS & DEAN OF STUDENTS 50.00 X 96473 0 9191 M SCOTT NIEDERJOHN DEAN OF SCHOOL OF BUSINESS & ENTREPRENEURSHIP 50.00 X 155766 0 14966 APRIL ARVAN ASSOC PROF SPORT MGMT & LEADERSHIP, ASSOC DIR ATHL 50.00 X 100881 0 6580 MEHRABAN KHODAVAND PROF OF EDU & PSYCH, DIR OF GRAD ED PROGRAMS 50.00 X 117971 0 19832 1142257 0 96824 7 0 1 0 MANNENBACH MECHANICAL 1251 STATE ROAD 67 KIEL WI 53042 HEATING/AIR CONDITIONING 309096 CDW GOVERNMENT 230 N MILWAUKEE AVE VERNON HILLS IL 60061 COMPUTER 292790 A CHAPPA CONSTRUCTION 443 N MAIN STREET SHEBOYGAN FALLS WI 53085 CONSTRUCTION 278662 3 6895 654427 2428851 2978060 250687 6068233 EDUCATION, TUITION, AND FEES 611600 36462182 36462182 AUXILIARY SERVICES 611600 3152153 3322354 -170201 OTHER PROGRAM REVENUE 611710 353553 353553 INSTRUCTION ACTIVITIES 611600 101278 101278 40069166 335783 335783 1525 65249 -63724 -63724 -64384 660 3116455 3141985 60532 -25530 -60532 -86062 -86062 6640 6895 8374 -1734 -1734 2229406 680093 1549313 1549313 47870975 41788680 -234585 248647 11640543 11640543 577642 209429 194207 174006 13467517 11965945 1143034 358538 319659 278110 31687 9862 3392829 2615645 684344 92840 1036465 905391 93187 37887 59441 59441 59677 59677 16205 16205 1250085 1070065 175138 4882 708444 688639 14501 5304 143699 102128 27278 14293 694147 542673 147474 4000 1717687 1713270 4417 970599 852432 51275 66892 326652 324212 2440 3263468 3168826 83998 10644 375298 -186 375484 MAINTENANCE AND REPAIRS 2286777 2061518 211298 13961 CARES ACT EXPENSES 1545331 1545331 UNCOLLECTIBLE ACCOUNTS 830102 651410 178692 OTHER EXPENSES 740955 336749 404067 139 949613 856222 72527 20864 46372835 41528352 4030371 814112 2993500 3990760 6570712 1733200 2011393 2216404 250940 356528 65346 89155 168426 174977 82701245 46017011 37985536 36684234 10146416 10826660 60192269 56071918 4138353 4955328 269261 233503 2721107 2422103 12296681 10167164 2010387 2184895 2636470 2824799 24072259 22787792 X 29704136 30559293 6415874 2724833 36120010 33284126 60192269 56071918 X 1498140 -248405 -4085619 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 189428 X X 0 17944616 198758 76346 654427 56762 17508531 17197269 250308 942681 393855 51787 17944616 16313944 191506 1190429 448219 50391 17197269 14876423 222883 1655976 395326 46012 16313944 14878562 272061 74463 304890 43773 14876423 0.16280 0.00000 0.83720 0 1 1 1814189 1814189 50477424 26103674 24373750 804862 347736 457126 9070202 6456082 2614120 20534568 13109519 7425049 36684234 POST RETIREMENT 969792 ASSETS RETIREMENT OBLIGATION 646997 INTEREST RATE EXCHANGE AGREEMENTS 381203 ANNUITY OBLIGATIONS 217807 STUDENT DEPOSITS 244406 AGENCY FUNDS 364594 2824799 X PART III, LINE 1A: WORKS OF ART ARE INCLUDED WITH THE UNIVERSITY'S ASSETS, AND ON DISPLAY ON CAMPUS FOR PUBLIC VIEWING 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, 2020 OR 2019. 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 DID NOT RECEIVE ANY FEDERAL OR STATE GRANTS IN FISCAL YEAR 2019-2020. 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 PART I, LINE 2: LAKELAND REQUESTS BACKUP FOR THE PAYEE, DATE, AMOUNT AND PURPOSE. WE DID NOT RECEIVE ANY FOREIGN CONTRIBUTIONS. PART III ACCOUNTING METHOD: PART IV, LINE 1: STATEMENT PURSUANT TO SECTION 1.351-3(A) BY LAKELAND UNIVERSITY EIN: 39-0821861 A SIGNIFICANT TRANSFEROR ATTACHED TO AND MADE PART OF FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX FOR THE TAXABLE YEAR ENDED JUNE 30, 2020 STATEMENT FILED PURSUANT TO TREAS. REG. SECTION 1.3513(A) 1. THE TRANSFEREE CORPORATION IS LUJM K.K., A FOREIGN CORPORATION ORGANIZED UNDER THE LAWS OF JAPAN. 2. ON FEBRUARY 17, 2020, LAKELAND UNIVERSITY CONTRIBUTED CASH TO LUJM K.K. THROUGH ITS DIRECT OWNERSHIP OF LUJM K.K. 3. THE TRANSFERRED CASH HAD AN AGGREGATE FAIR MARKET VALUE OF $5,391 AND AN AGGREGATE BASIS OF $5,391 IMMEDIATELY BEFORE THE EXCHANGE. 4. THERE WAS NO PLR ISSUED IN CONNECTION WITH THIS SECTION 351 EXCHANGE PART IV, LINE 1: STATEMENT PURSUANT TO SECTION 1.351-3(A) BY LAKELAND UNIVERSITY EIN: 39-0821861 A SIGNIFICANT TRANSFEROR ATTACHED TO AND MADE PART OF FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX FOR THE TAXABLE YEAR ENDED JUNE 30, 2020 STATEMENT FILED PURSUANT TO TREAS. REG. SECTION 1.351-3(A) 1. THE TRANSFEREE CORPORATION IS LUJM K.K., A FOREIGN CORPORATION ORGANIZED UNDER THE LAWS OF JAPAN. 2. ON MARCH 31, 2020, LAKELAND UNIVERSITY CONTRIBUTED CASH TO LUJM K.K. THROUGH ITS DIRECT OWNERSHIP OF LUJM K.K. 3. THE TRANSFERRED CASH HAD AN AGGREGATE FAIR MARKET VALUE OF $1,102,425 AND AN AGGREGATE BASIS OF $1,102,425 IMMEDIATELY BEFORE THE EXCHANGE. 4. THERE WAS NO PLR ISSUED IN CONNECTION WITH THIS SECTION 351 EXCHANGE PART IV, LINE 1: LAKELAND UNIVERSITY EIN: 39-0821861 STATEMENT ATTACHED TO AND MADE PART OF FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX FOR THE TAXABLE YEAR ENDED JUNE 30, 2020 STATEMENT FILED PURSUANT TO TREAS. REG. SECTION 1.6038B-1(C) AND TEMP. REG. SECTION 1.6038B-1T(C) 1. NAME OF TRANSFEROR: LAKELAND UNIVERSITY EIN: 39-0821861 ADDRESS: W3718 SOUTH DR. PLYMOUTH, WI 53073 2. NAME OF TRANSFEREE: LUJM K.K. REFERENCEID: LUJMKK ADDRESS: 5-7-12 SHINJUKU, SHINJUKU-KU 160-0022, TOKYO, JAPAN COUNTRY OF INCORPORATION: JAPAN ON FEBRUARY 17, 2020 AND MARCH 31, 2020 CASH OF $5,391 AND $1,102,425, RESPECTIVELY, WAS TRANSFERRED FROM LAKELAND UNIVERSITY TO LUJM K.K. IN A TRANSACTION DESCRIBED UNDER TREAS. REG. SECTION 1.351-3(A). LAKELAND UNIVERSITY RECEIVED 20 AND 10 SHARES OF COMMON STOCK, RESPECTIVELY, IN EXCHANGE FOR THE TRANSFERS OF CASH. 3. LAKELAND UNIVERSITY RECEIVED 30 TOTAL SHARES OF COMMON STOCK IN EXCHANGE FOR THE $1,107,816 CASH TRANSFER DESCRIBED UNDER TREAS. REG. SECTION 1.351-3(A) ABOVE. 4. THE ONLY PROPERTY TRANSFERRED WAS CASH OF $1,107,816. 5. N/A 6. N/A BLASTERS GOLF TOURNAMENT 13535 6895 6640 4025 2837 1512 13535 6895 6640 4025 2837 1512 8374 -1734 1 FEDERAL GRANTS 760 2798075 FEDERAL WORK STUDY 260 200730 INSTITUTIONAL GRANTS 854 12398037 OUTSIDE GRANTS 206 708176 STATE GRANTS 277 842271 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 0 X X 0 0 0 0 0 0 0 0 0 DAVID R BLACK PRESIDENT 173987 0 0 0 10245 0 5100 0 12 0 189344 0 0 0 ELIZABETH BORGEN EXECUTIVE VICE PRESIDENT 117894 0 0 0 47697 0 3637 0 1435 0 170663 0 0 0 M SCOTT NIEDERJOHN DEAN OF SCHOOL OF BUSINESS & ENTREPR 92541 0 0 0 63225 0 3658 0 11308 0 170732 0 0 0 PART I, LINE 1A TERMS OF THE PRESIDENT'S EMPLOYMENT REQUIRE THAT HE RESIDES IN ON-CAMPUS HOUSING AT THE EXPENSE OF THE INSTITUTION. A WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2013-10-13 14250000 REFINANCE OF THE 2010 BONDS FOR CONSTRUCTION OF FACILITIES 0 0 0 A 4555000 14250000 14250000 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 BMO HARRIS BANK 5.000000000000 0 0 0 0 1 A 1 X 2 190200 FAIR MARKET VALUE X 2006 FAIR MARKET VALUE X 4 22929 FAIR MARKET VALUE X GENERATOR 1 34385 FAIR MARKET VALUE X TICKETS FOR EVENT 1 735 FAIR MARKET VALUE X ALUMNI EVENT 1 432 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING BOARD MEMBERS HAD A BUSINESS RELATIONSHIP WITH THE ORGANIZATAION: DEBRA ANSAY, TRYG JACOBSON, ROBERT MELZER, LOLA ROEH. FORM 990, PART VI, SECTION A, LINE 3 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. 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 PRESIDENT AND VP FOR FINANCE AND OPERATIONS REVIEW ALL CONFLICT OF INTEREST AGREEMENTS AND IDENTIFY ANY ITEMS THAT MAY BE OF CONCERN. 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. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: MATURED ANNUITIES -10,322. ACCRETION EXPENSE -80,854. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 5,557. RESTRICTED PLEDGES FORGIVEN FOR DISCOUNTED PURPOSES -4,000,000. 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 0 0 0 0 0 0 LAKELAND UNIVERSITY FOUNDATION INC C 654427 CASH