2019-02-12T14:40:16-07:00 2018-06-30 990 2017-07-01 381369604 LAWRENCE TECHNOLOGICAL UNIVERSITY LAWR 2482044000 21000 West Ten Mile Road Southfield MI 480751058 Linda Height VP of Finance and Admin. 2482042100 2019-02-12 198.111.39.33 2017 2019-02-21 02:37:17Z LINDA L HEIGHT 21000 WEST TEN MILE RD SOUTHFIELD MI 480751058 65759631 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. 19 18 1417 0 0 0 2386451 4760835 61533573 57568865 1988601 2513112 40225 -52857 65948850 64789955 0 0 0 0 38799015 38877863 0 0 4786777 28581879 28676982 67380894 67554845 -1432044 -2764890 212310149 212826385 81582965 83347635 130727184 129478750 To develop leaders through innovative and agile programs embracing theory and practice. 0 0 40513914 0 52889802 Higher Education : Associates, Baccalaureate, Graduate Program Services were provided to 3,383 students and 846 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. 605921 0 4416648 Higher Education : Campus apartments, residences, and residential services were provided for 1,572 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. 6015877 0 262415 Higher Education : Student Activities - Academic associations, student government, recreational and athletic programs. Participation in various associations were used by 3,383 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 47135712 1 1 0 1 0 0 0 0 0 1 1 1 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 1 367 0 1 1417 1 0 1 CA 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Linda Height 2482042100 21000 West Ten Mile Rd Southfield MI 480751058 Victor A Saroki Board Member 1 0 X 0 0 0 Virinder Moudgil President 40 0 X X X X 475559 0 0 Lauren L Bowler Board Member 1 0 X 0 0 0 Raymond Khan Board Member 1 0 X 0 0 0 Howard B Padgham Board Member 1 0 X 0 0 0 Lloyd E Reuss BOARD MEMBER 1 0 X 0 0 0 Joseph E Champagne 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 0 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 Elizabeth Howell 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 JEAN MEYER BOARD MEMBER 1 0 X 0 0 0 Linda Height Chief Financial Officer 40 0 X X X 218211 0 0 KRISTEN DEVRIES Vice President of Advancement 40 0 X X 214440 0 0 Nabil Grace Dean of Engineering 40 0 X X 332017 0 0 Maria Vaz Provost 40 0 X X 235413 0 0 KARL DAUBMANN Dean of Architecture 40 0 X 180000 0 0 Joseph Veryser University's Architect 40 0 X 158340 0 0 Lisa Kujawa Associate Provost 40 0 X 166653 0 0 Hsiao-Ping H Moore Dean of Arts & Science 40 0 X 161912 0 0 Timothy Chavis Chief Information Officer 40 0 X 172323 0 0 Bahman Mirshab Dean of College of Management 40 0 X 205652 0 0 2520520 0 0 49 0 1 0 Corax Business Solutions Inc 2774 Waterloo Troy MI 48084 Professional Development 408845 DEMARIA BUILDING COMPANY 45500 GRAND RIVER NOVI MI 48374 CONSTRUCTION COMPANY 681864 FRANK REWOLD AND SONS INC 333 EAST 2ND ST ROCHESTER MI 48307 CONSTRUCTION SERVICES 14215500 Aramark 527 Plymouth Plymouth Meeting PA 19462 Maintenance Services and Dining Services 6198029 YELLOW FLAG PRODUCTIONS 180 HIGH OAK ST BLOOMFIELD HILLS MI 48304 ADVERTISING 482516 43 0 0 0 0 995298 3765537 0 4760835 57568865 57568865 0 0 57568865 2513112 2513112 0 0 0 0 0 0 0 0 0 0 916819 0 969676 0 -52857 0 -52857 -52857 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 64789955 60029120 0 0 0 0 0 0 0 0 0 0 2023204 879581 929183 214440 0 0 0 0 31580563 23536605 6543342 1500616 644156 497359 121552 25245 2597353 2130585 250635 216133 2032587 1685094 285626 61867 0 0 0 0 267084 0 267084 0 107755 0 107755 0 11248 0 0 11248 0 0 0 0 0 0 4619992 3180906 1284068 155018 1651259 598350 0 1052909 3688961 2884972 513346 290643 1710700 1710700 0 0 0 0 0 0 1920847 1459136 313531 148180 1669935 1485377 132721 51837 0 0 0 0 0 0 0 0 1847492 1270828 447608 129056 0 0 0 0 5515120 3988264 1121836 405020 558467 0 558467 0 EDUCATION AND TRAINING 1383541 721168 589155 73218 MISCELLANEOUS EXPENSES 499014 477583 12074 9357 PRINTING AND PUBLICATIONS, POSTAGE , TELEPHONE 531852 277913 21933 232006 EQUIPMENT RENTAL AND MAINTENANCE 2693715 351291 2132440 209984 0 0 0 0 67554845 47135712 15632356 4786777 18283345 13904902 0 0 178754 358720 4642150 3522190 0 0 0 0 1187253 1087643 0 0 1691445 1894576 193450925 87146780 88059091 106304145 69327349 71611641 28940762 14142568 0 0 0 0 0 0 212310149 212826385 13484795 16155344 376862 376862 3131905 2879867 62398000 62188993 0 0 0 0 429167 383333 0 1762236 1363236 81582965 83347635 X 60481144 60011712 44212268 43216696 26033772 26250342 130727184 129478750 212310149 212826385 X -2764890 0 0 0 0 1516456 X 0 1 X 1 1 1 X 0 11248 11248 67543597 67554845 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 39266 41927 13134 11248 105575 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 49114857 513981 3004877 0 2273855 0 50359860 45410527 373751 5193756 0 1863177 0 49114857 47859681 788026 -141794 0 3095386 0 45410527 41478740 7168321 511794 0 1299174 0 47859681 28820115 9250383 4730146 0 1321904 0 41478740 0.07 0.52 0.41 0 0 1235407 0 1235407 122157767 0 50378243 71779524 7299373 0 5509980 1789393 42920972 0 31258557 11662415 19837406 0 0 19837406 106304145 14142568 F 0 14142568 0 DEPOSITS FROM STUDENTS 1349574 FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 13662 1363236 67101271 2258459 0 0 52857 2311316 64789955 0 0 0 64789955 67554845 0 0 0 0 0 67554845 0 0 0 67554845 Schedule D, Part V, Line 4 THE UNIVERSITY'S ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED 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 RENTAL INCOME FROM HELD PROPERTIES. 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 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 470000 0 0 0 5558 0 16450 0 28738 0 520746 0 447911 0 Maria Vaz Provost 235412 0 0 0 0 0 8240 0 25506 0 269158 0 235412 0 Nabil Grace Dean of Engineering 205530 0 0 0 126487 0 7194 0 25074 0 364285 0 448138 0 Linda Height Chief Financial Officer 218211 0 0 0 0 0 7295 0 24967 0 250473 0 208455 0 KARL DAUBMANN Dean of Architecture 180000 0 0 0 0 0 6300 0 24070 0 210370 0 180000 0 Lisa Kujawa Associate Provost 166653 0 0 0 0 0 5832 0 25300 0 197785 0 166653 0 Bahman Mirshab Dean of College of Management 205652 0 0 0 0 0 7197 0 26268 0 239117 0 205652 0 Timothy Chavis Chief Information Officer 172323 0 0 0 0 0 6031 0 25712 0 204066 0 172323 0 Joseph Veryser University's Architect 158340 0 0 0 0 0 5542 0 11714 0 175596 0 158340 0 Hsiao-Ping H Moore Dean of Arts & Science 161912 0 0 0 0 0 5666 0 10725 0 178303 0 161912 0 KRISTEN DEVRIES Vice President of Advancement 214440 0 0 0 0 0 7505 0 24751 0 246696 0 206570 0 Schedule J, Part I, Line 1a AN AUTOMOBILE 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 14142568 1222987 0 803581 0 0 0 0 14142568 2018 1 1 1 1 A 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 1 C 0 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 1 37040 FMV X EQUIPMENT 4 42305 FMV 0 0 1 0 Form 990, Part VI, Section B, Line 11b THE FINANCE COMMITTEE 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 ANNUAL SIGNED DISCLOSURES STATEMENTS ARE COMPLETED BY EACH BOARD MEMBER WITH ANY EXCEPTIONS FOLLOWED UP BY THE B.O.D. AS WELL. Form 990, Part VI, Section B, Line 15 THE BOARD OF DIRECTORS ARE RESPONSIBLE FOR DOCUMENTING THE UNIVERSITY'S 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 18 THE 990 TAX RETURNS ARE AVAILABLE UPON THE REQUEST TO THE VP OF FINANCE OR THE PRESIDENT'S OFFICE. COPIES OF THE TAX RETURNS ARE AVAILABLE IN THE UNIVERSITY'S LIBRARY SERVICES DEPARTMENT FOR REVIEW AS WELL. Form 990, Part VI, Section C, Line 19 THE INFORMATION CAN BE REVIEWED IN THE LIBRARY SERVICES DEPARTMENT OR CAN BE REQUESTED TO THE VP OF FINANCE OR PRESIDENT'S OFFICE FOR AVAILABILITY. Form 990, Part XI, Line 9 CONSISTS OF NET INVESTMENT GAINS, PLEDGES, AND RENTAL LOSSES.