2020-12-21T10:42:47-07:00 2020-06-30 990 2019-07-01 381369604 LAWRENCE TECHNOLOGICAL UNIVERSITY LAWR 2482044000 21000 West Ten Mile Road Southfield MI 480751058 Linda Height VP of Finance and Admin. 2482042100 2020-12-21 2019 2022-09-23 18:48:47Z LINDA L HEIGHT 21000 WEST TEN MILE RD SOUTHFIELD MI 480751058 71877202 0 X www.ltu.edu X 1932 MI A higher educational University by its mission to develop leaders through innovative and agile programs embracing theory and practice. The University's Vision is to be a preeminent private university producing leaders with an entrepreneurial spirit and global view. 16 15 1371 0 0 0 3359421 5400188 60449663 62749912 2949636 2936303 -293092 -246540 66465628 70839863 0 0 0 0 39562634 39699117 0 0 4357737 30875374 31687480 70438008 71386597 -3972380 -546734 214719220 213033011 88118689 85442581 126600531 127590430 To develop leaders through innovative and agile programs embracing theory and practice. 0 0 40701600 0 56948644 Higher Education : Associates, Baccalaureate, Graduate Program Services were provided to 3,163 students and 655 received degrees. This activity contributes importantly to the University's purpose by providing funding for educational services at less than the aggregate costs of these services. This is the exempt purpose of the University. 504695 0 5034826 Higher Education : Campus apartments, residences, and residential services were provided for 1,760 students primarily in housing. These activities are important components for the University's primary exempt purpose of providing educational services. These activities include housing, cafeteria services, bookstore services, and other related services deemed necessary for the students. 7071812 0 766442 Higher Education : Student Activities - Academic associations, student government, recreational and athletic programs. Participation in various associations were used by 3,101 students. These activities are important components for the University's primary exempt purposes of providing educational services. These activities include library, copier, transcripts, fines and other various services. 0 0 0 48278107 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 397 0 1 1371 1 0 1 CA 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Linda Height 2482042100 21000 West Ten Mile Rd Southfield MI 480751058 Virinder Moudgil President 40 0 X X X X 500231 0 0 Nabil Grace Dean of Engineering 40 0 X X 392242 0 0 Maria Vaz Provost 40 0 X X 246123 0 0 Linda Height Chief Financial Officer 40 0 X X X 218110 0 0 Bahman Mirshab Dean of College of Management 40 0 X X 215402 0 0 KARL DAUBMANN Dean of Architecture 40 0 X 197917 0 0 Lisa Kujawa Associate Provost 40 0 X 188000 0 0 Timothy Chavis Chief Information Officer 40 0 X 180692 0 0 SRINIVAS KAMBHAMPATI Dean of Arts & Science 40 0 X 145090 0 0 Victor A Saroki Board Member 1 0 X 0 0 0 Lauren L Bowler Board Member 1 0 X 0 0 0 Raymond Khan Board Member 1 0 X 0 0 0 Lloyd E Reuss BOARD MEMBER 1 0 X 0 0 0 David B Wohleen Board Member 1 0 X 0 0 0 Douglas E Ebert CHAIRMAN OF THE BOARD 2.5 0 X X 0 0 0 Frederick M Adams Jr Board Member 1 0 X 0 0 0 Barbara Samardzich Board Member 1 0 X 0 0 0 Larry D Lyons Board member 1 0 X 0 0 0 Marcy Klevorn Board Member 1 0 X 0 0 0 Mitchell Clauw Board Member 1 0 X 0 0 0 John G Smith Board Member 1 0 X 0 0 0 Daniel W Winey Board Member 1 0 X 0 0 0 Cary B Wood Board Member 1 0 X 0 0 0 DAVID NICHOLSON BOARD MEMBER 1 0 X 0 0 0 2283807 0 0 48 0 1 0 Corax Business Solutions Inc 2774 Waterloo Troy MI 48084 Professional Development 467237 EDUCATION DYNAMICS PO BOX 780276 PHILADELPHIA PA 19178 MARKETING RECRUITING 611805 FRANK REWOLD AND SONS INC 333 EAST 2ND ST ROCHESTER MI 48307 CONSTRUCTION SERVICES 3044929 Aramark 527 Plymouth Plymouth Meeting PA 19462 Maintenance Services and Dining Services 7546544 YELLOW FLAG PRODUCTIONS 180 HIGH OAK ST BLOOMFIELD HILLS MI 48304 ADVERTISING 1133439 38 0 0 0 0 2763142 2637046 0 5400188 62749912 62749912 0 0 62749912 2936303 2936303 0 0 0 0 0 0 0 0 0 0 790799 0 1037339 0 -246540 0 -246540 -246540 0 0 0 0 0 0 70839863 65439675 0 0 0 0 0 0 0 0 0 0 1915115 950651 964464 0 0 0 0 0 33116710 23805641 7586585 1724484 779557 537692 203214 38651 1817752 1535575 134488 147689 2069983 1731478 232318 106187 0 0 0 0 65907 0 65907 0 129335 0 129335 0 6970 0 6970 0 0 0 0 0 0 4683369 1980974 2495952 206443 1703027 991437 359 711231 2977021 2393739 469792 113490 2094751 2094751 0 0 0 0 0 0 1873003 1472849 267210 132944 1126856 1067992 42084 16780 0 0 0 0 0 0 0 0 3091878 2061059 844781 186038 0 0 0 0 7323362 5153930 1704222 465210 488013 22263 465750 0 EDUCATION, TRAINING, DUES, MISCELLANEOUS 3032541 1749612 1265867 17062 PHONE, POSTAGE, PRINTING 593910 290641 18975 284294 EQUIPMENT RENTAL AND MAINTENANCE 2497537 437823 1859450 200264 0 0 0 0 71386597 48278107 18750753 4357737 9830796 9617769 0 0 269628 972342 4017483 5511776 0 0 0 0 860370 615533 0 0 1337110 1376906 213966537 101207564 117175565 112758973 75013810 77042258 6214458 5137454 214719220 213033011 22078859 20751361 313706 284001 3516752 4792037 60206603 57688138 0 0 0 0 329166 279166 0 1673603 1647878 88118689 85442581 X 58851196 56820383 67749335 70770047 126600531 127590430 214719220 213033011 X -546734 0 0 0 0 1536633 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6970 6970 72416966 72423936 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 13134 11248 11572 6970 42924 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 50182268 595307 1392057 0 3504760 0 48664872 50359860 315346 2400593 0 2893531 0 50182268 49114857 513981 3004877 0 2273855 0 50359860 45410527 373751 5193756 0 1863177 0 49114857 47859681 788026 -141794 0 3095386 0 45410527 0.05 0.53 0.42 0 0 1264174 0 1264174 150007050 0 58724664 91282386 10883576 0 6599909 4283667 47642149 0 35882991 11759158 4169588 0 0 4169588 112758973 0 DEPOSITS FROM STUDENTS 1297191 FAIR VALUE OF INTEREST SWAP 350687 1647878 73413835 2327432 0 0 246540 2573972 70839863 0 0 0 70839863 72423936 0 0 0 0 0 72423936 0 -1037339 -1037339 71386597 Schedule D, Part V, Line 4 THE UNVERSITY'S ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGINATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. PERMANENTLY RESTRICTED FUNDS ARE SUBJECTED TO DONOR IMPOSED RESTRICTIONS THAT RESOURCES BE MAINTAINED INDEFINITELY, BUT PERMITS THE UNIVERSITY TO USE OR EXPEND PART OR ALL OF THE INCOME DERIVED FROM THE DONATED ASSETS. TEMPORARY RESTRICTED ARE SUBJECTED TO DONOR IMPOSED RESTRICTIONS THAT PERMIT THE UNIVERSITY TO USE OR EXPEND THE ASSET EITHER BY THE PASSAGE OF TIME OR OTHER ACTIONS BY THE UNIVERSITY. BOARD DESIGNATED FUNDS ARE NEITHER PERMANENTLY RESTRICTED OR TEMPORARY RESTRICTED BY DONOR IMPOSED STIPULATIONS. THESE FUNDS MAY BE DESIGNATED FOR SPECIFIC PURPOSES BY THE ACTION OF THE BOARD. Schedule D, Part XI, Line 2d CONSISTS OF NET RENTALS FROM HELD PROPERTIES. Schedule D, Part XII, Line 4b AMOUNT REPRESENTS RENTAL PROPERTY EXPENSES. THESE COSTS ARE NETTED WITH THE RENTAL REVENUE FOR A NET LOSS OF 246,540. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 THIS INFORMATION IS PART OF THE ADMISSION'S / REGISTRATION PROCESS, INCLUDING ITS BROCHURES AND WEB SITE. Schedule E, Part I, Line 6 STUDENTS ARE AWARDED PELL GRANTS, FEDERAL WORK STUDIES, PERKIN LOANS, SEOG GRANTS, AND OTHERS WHICH THE UNIVERSITY RECEIVES FROM THE FEDERAL GOVERNMENT DIRECTLY AND APPLIES THE RECEIPTS TO THE STUDENT'S ACCOUNTS RECEIVABLE IN ACCORDANCE WITH THE RULES AND REGULATIONS SET FORTH BY THE GOVERNING BODIES. X 1 1 X X 0 0 0 0 0 0 0 0 0 Virinder Moudgil President 500231 0 0 0 0 0 17508 0 26305 0 544044 0 532083 0 Maria Vaz Provost 246123 0 0 0 0 0 8615 0 22955 0 277693 0 272879 0 Nabil Grace Dean of Engineering 392242 0 0 0 0 0 7467 0 23050 0 422759 0 358627 0 Linda Height Chief Financial Officer 218110 0 0 0 0 0 7633 0 16889 0 242632 0 237185 0 Timothy Chavis Chief Information Officer 180692 0 0 0 0 0 6325 0 22445 0 209462 0 207371 0 KARL DAUBMANN Dean of Architecture 197917 0 0 0 0 0 6927 0 22331 0 227175 0 216705 0 Bahman Mirshab Dean of College of Management 215402 0 0 0 0 0 7539 0 23998 0 246939 0 243744 0 Lisa Kujawa Associate Provost 188000 0 0 0 0 0 6580 0 23077 0 217657 0 204909 0 Schedule J, Part I, Line 1a AN AUTOMOBLE AND HOUSING RESIDENCE IS FURNISHED FOR THE PRESIDENT OF THE UNIVERSITY. Schedule J, Part I, Line 3 THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DOCUMENTING THE UNIVERSITY PRESIDENT'S COMPENSATION WHICH IS DONE ANNUALLY. A The EDC of the County of Oakland Mi 383442443 2010-09-29 10663000 Advance Refund Series 1998A Bonds and Note Payable 0 0 0 B The EDC of the County Of Oakland Mi 383442443 2014-04-29 11980000 Construction of Student Housing 0 0 0 C MICHIGAN FINANCE AUTHORITY 383442443 2017-06-01 47038801 ADVANCE REFUND ON BOND 2000 AND 2001 AND FINANCE CONSTRUCTION OF STUDENT HOUSING ON CAMPUS 0 0 0 A 10663000 0 10663000 0 0 0 133788 0 0 0 0 0 2010 1 1 1 1 B 0 0 11980000 0 0 0 180000 0 0 11980000 0 0 2015 0 0 0 1 C 16900000 0 47038801 5137454 1222987 0 803581 0 0 0 0 5137454 2018 1 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 1 0 1 1 PNC BANK 7 0 0 0 0 1 B 0 0 0 0 1 1 PNC BANK SOUTHFIELD MI 7 0 0 0 0 1 C 0 0 0 0 0 1 PNC BANK 7 0 0 0 0 1 A 1 B 1 C 1 X 3 33225 FMV X 3 141171 FMV X RECEIVED EIGHT WHEEL DRUMS 1 36955 FMV 0 0 1 0 Form 990, Part VI, Section B, Line 11b THE FINANCE COMMITTE OF THE BOARD REVIEWS THE 990 TAX RETURN AND ITS ATTACHMENTS AND THEN RECOMMENDS TO THE BOARD APPROVAL OF THE 990 TAX RETURN FOR THE YEAR UNDER REVIEW. THIS PROCESS IS DOCUMENTED IN THE MINUTES OF BOTH COMMITTEE AND BOARD OF DIRECTORS MINUTES. Form 990, Part VI, Section B, Line 12c ANNUALLY SIGNED DISCLOSURE STATEMENTS ARE COMPLETED BY EACH BOARD MEMBER WITH ANY EXCEPTIONS FOLLOWED UP BY THE BOD AS WELL WITH THE APPROPIATE DOCUMENTATION. Form 990, Part VI, Section B, Line 15 THE BOARD OF DIRECTORS ARE RESPONSIBLE FOR DOCUMENTING THE UNIVERSITY PRESIDENT'S COMPENSATION. THE OTHER COMPENSATION FOR EXECUTIVES ARE COMPLETED BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT ANNUALLY. Form 990, Part VI, Section C, Line 19 THE 990 TAX RETURNS ARE AVAILABLE UPON REQUEST TO THE VP OF FINANCE OR THE PRESIDENTS'S OFFICE. COPIES OF THE TAX RETURNS ARE AVAILABLE IN THE UNIVERSITY'S LIBRARY SERVICES DEPARTMENT FOR REVIEW AS WELL. Form 990, Part XI, Line 9 CONSISTS OF NET INVESTMENT GAINS, PLEDGES, AND RENTAL LOSSES