2018-04-05T12:04:16-05:00 2017-06-30 390859910 Baker Tilly Virchow Krause LLP 777 E Wisconsin Avenue 32nd Floor Milwaukee WI 53202 990 2016-07-01 390806297 Lawrence University of Wisconsin LAWR 9208327000 711 E Boldt Way Appleton WI 54911 Christopher Lee VP for Finance & Administration 9208327000 2018-04-03 1 Troy E Marine CPA P00187863 4147775500 2018-04-03 99.47.236.119 2018-04-03 21:21:14 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 51E0EEA151B1858D65DA1F6874E2176CE8260246 2016 2021-01-29 14:40:06Z Christopher Lee 711 E Boldt Way Appleton WI 54911 166953519 0 X www.lawrence.edu X 1847 WI TO PROVIDE A HIGH QUALITY, LIBERAL ARTS EDUCATION AND SOUND CAREER PREPARATION TO ITS STUDENTS. 35 34 1949 600 28725 0 24087799 22953290 81039516 81081188 1514081 2230132 321070 418922 106962466 106683532 35425085 36493513 0 0 39739218 40497735 66586 47793 3045065 27778859 28352132 103009748 105391173 3952718 1292359 435819085 466328294 67179641 61874096 368639444 404454198 X Lawrence University of Wisconsin, through its undergraduate residential college and conservatory of music, educates students in the liberal arts and sciences. The university is devoted to excellence and integrity in all of its activities and committed to the development of intellect and talent, the pursuit of knowledge and understanding, the cultivation of sound judgment, and respect for the perspectives of others. Lawrence prepares students for lives of achievement, responsible and meaningful citizenship, lifelong learning, and personal fulfillment. As a learning community of scholars and artists we engage each other in a transformative process that emphasizes individualized learning, supported by an environment of rich educational opportunities in a residential campus setting. 0 0 62295871 36481513 65897978 Provide liberal arts instruction to approximately 1500 university students. Lawrence curriculum promotes exposure to a wide range of subject matters and intellectual approaches. It also calls for the focused study of a single area of knowledge. Within this general framework, the student exercises wide latitude in building a course of study. A Lawrence education, then, results from considered choices. The college provides ample room for such choices and encourages students to exercise them boldly. Lawrence opened the 2016-17 academic year in the wake of a school-record number of applications, hitting an all-time high of 3,015, a 10 percent increase over the previous year. First-year students were drawn from 35 states and 29 foreign countries. The administration welcomed the university's first vice president for diversity and inclusion as well as its first dean of spiritual and religious life. A new dean of the faculty was hired as well. The Lawrence University Conservatory of Music, now in its second century of educating students for careers in music, is a nationally recognized conservatory devoted exclusively to the education of undergraduates within a distinguished college of the liberal arts and sciences. A superb faculty of performers, composers, scholars, and teachers pride themselves on the individual attention given to approximately 300 music majors who pursue their undergraduate degrees at Lawrence. 10563844 13074189 PROVIDE FOOD SERVICE AND HOUSING TO 1500 UNIVERSITY STUDENTS. 9648467 12000 675305 Provide students with services such as music, athletics, community involvement, residential life, counseling, health center, and multicultural affairs. 7250047 1785867 PROVIDE ACADEMIC SUPPORT TO 1500 STUDENTS THROUGH LIBRARY FACILITIES AND COMPUTER SERVICES. 7250047 1785867 89758229 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 323 0 1 1949 1 1 1 1 UK 0 0 0 1 1 1 1 0 0 0 X 35 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI MD X Amy Price 9208327164 711 E Boldt Way Appleton WI 54911 Abir Sen Trustee 1.00 X 0 0 0 Andrew J Wong Trustee 1.00 X 0 0 0 Anton R Valukas Trustee 1.00 X 0 0 0 Charles D Saunders Trustee 1.00 X 0 0 0 Charlot Nelson Singleton Trustee 1.00 X 0 0 0 Cory L Nettles Trustee 1.00 X 0 0 0 Dale R Schuh Trustee, Secretary 1.00 X X 0 0 0 David Blowers Trustee, Vice Chair 1.00 X X 0 0 0 Dr Peter R Betzer Trustee 1.00 X 0 0 0 Garth Neustadter Trustee 1.00 X 0 0 0 J Terrence Franke Trustee 1.00 X 0 0 0 Joanna L de Plas Trustee 1.00 X 0 0 0 John D Huber PhD Trustee 1.00 X 0 0 0 KK Tse Trustee 1.00 X 0 0 0 Laura Kohler Trustee 1.00 X 0 0 0 Louis B Butler Jr Trustee 1.00 X 0 0 0 Mark Burstein President 40.00 X X 373227 0 73305 Martha J Olson Trustee 1.00 X 0 0 0 Michael P Cisler Trustee 1.00 X 0 0 0 Omar Sayeed Trustee 1.00 X 0 0 0 Overton B Parrish Jr Trustee 1.00 X 0 0 0 Peter M Musser Trustee 1.00 X 0 0 0 Renee Goral Boldt Trustee 1.00 X 0 0 0 Richard G Fessler Trustee 1.00 X 0 0 0 Robert A Anker Trustee 1.00 X 0 0 0 Robert C Buchanan Trustee 1.00 X 0 0 0 Ron McCoy Trustee 1.00 X 0 0 0 Sarah E Schott trustee 1.00 X 0 0 0 Scott D Myers Trustee 1.00 X 0 0 0 Shelley A Davis Trustee 1.00 X 0 0 0 Stephanie H Vrabec Trustee 1.00 X 0 0 0 Susan Stillman Kane Trustee, Chair 1.00 X X 0 0 0 Tamika Watson Franklin Trustee 1.00 X 0 0 0 Terry Moran Trustee 1.00 X 0 0 0 William J Baer Trustee 1.00 X 0 0 0 William O Hochkammer Trustee 1.00 X 0 0 0 Christopher Lee Treasurer, VP for Finance & Administration 40.00 X 186159 0 25925 David Burrows Dean of Faculty 40.00 X 180656 0 27989 Nancy Truesdell Dean of Students 40.00 X 116351 0 22853 Ken Anselment Dean of Admissions & FA 40.00 X 147831 0 29757 Calvin Husmann VP for Development & Alumni 40.00 X 194003 0 32404 Bart De Stasio Professor of Biology 40.00 X 110117 0 8762 Brian Pertl Dean of Conservatory 40.00 X 171534 0 30168 Jeffrey Stannard Assoc Dean of Conservatory 40.00 X 114471 0 9132 Mary Meany Dean of Career Services 40.00 X 118730 0 13957 Steve Armstrong Director of Information Technology Services 40.00 X 110485 0 26857 1823564 0 301109 16 0 1 0 Bon Appetit PO Box 37613 Boone IA 500374613 Boarding Costs/Food 4940854 The Boldt Company 100 West Lawrence Street Appleton WI 54912 Construction 3475865 Boldt Procurement LLC PO Box 419 Appleton WI 549120419 Construction 1394172 Foundation for International Education 114 Cromwell Road London GB UK SW7 4ES London Program 623357 Institute for Int'l Education of Student 33 W Monroe Street Suite 2300 Chicago IL 60603 Off Campus Programs 424930 7 10000 700846 22242444 462287 22953290 TUITION AND FEES 611710 65897978 65897978 Room and Board 611710 13074189 13074189 Auxiliary Enterprises 611710 1785867 1785867 SUMMER CAMPS & Events 611710 272500 272500 CONSERVATORY 611710 48605 48605 2049 2049 81081188 1046237 1046237 13356 0 13356 13356 13356 61277913 165000 60034018 225000 1243895 -60000 1183895 1183895 16890 10000 10112 6778 6778 21156 857 20299 20299 MISCELLANEOUS 611710 378489 363120 15369 378489 106683532 81444308 28725 2257209 12000 12000 36481513 36481513 1410460 1410460 30074126 24852855 3077947 2143324 2062648 1607210 307982 147456 4809463 1229879 3559430 20154 2141038 1694555 296305 150178 105727 105727 107128 107128 47793 47793 1422352 613070 791049 18233 228244 31941 196303 1576165 1418083 146498 11584 818111 818111 2213484 1752193 461291 2297159 1340180 655191 301788 192015 55740 37608 98667 1325617 1282071 43546 7238907 6767352 471555 625727 625727 Dining 4502729 4502611 118 OTHER EXPENSES 1916727 1826752 6014 83961 Tuition expenses 1858464 1858464 Repairs and Maintenance 1512443 1442328 59486 10629 411133 171321 228514 11298 105391173 89758229 12587879 3045065 5805779 1456542 5583595 5830492 17691493 20682299 630923 614109 227786 242518 60561 25235 259136685 148457375 111585593 110679310 183245179 212198691 101906330 107906000 5479453 5360860 3602393 1332238 435819085 466328294 9474039 6643293 1124422 1038071 43929380 42807773 2146784 2090707 10505016 9294252 67179641 61874096 X 95861100 101310467 58155342 76506491 214623002 226637240 368639444 404454198 435819085 466328294 X 1292359 33046133 1476262 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 0 1 X 284692482 10524336 36006163 6296201 6722600 318204180 275447518 20553429 1228947 5819255 6718157 284692482 249472855 29564660 7266603 4795976 6060624 275447518 212431926 11020336 36163657 4183663 5959401 249472855 194312077 4408935 22660718 3939329 5010475 212431926 0.14000 0.66000 0.20000 1 0 3374876 3374876 179139883 87815568 91324315 68863301 57440962 11422339 7758625 3200845 4557780 110679310 Alternative Investments 107906000 F 107906000 Postretirement Obligations 3162189 Annuities Payable 1894532 Asset Retirement Obligations 3535002 Interest Rate Exchange Liability 702529 9294252 X 104724414 33046133 -35005251 -1959118 106683532 0 106683532 68909660 0 68909660 36481513 36481513 105391173 Part III, Line 1a: The university does not assign or record a value for art and other collections received as gifts. Accordingly, the value of certain art and other collections has been excluded from the statements of financial position. Part III, Line 4: The Lawrence University collections support the instruction, research, and public outreach missions of the college. Part IV, Line 2b: Lawrence University classifies on Form 990, Part X, Line 21 amounts held for Perkins Loans Payable and student groups agency accounts. Part V, Line 4: Endowment funds are used to support student scholarships, faculty chair positions and other academic mission related purposes. Part X, Line 2: 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, 2017 and 2016. The University's tax returns are subject to review and examination by federal and state authorities. Part XI, Line 2d - Other Adjustments: Tuition Discounts -36,481,513. Interest rate swap - mark to market 1,495,971. Change in Value of Split Interest agreements -98,393. Change in value of interest in trusts 78,684. Part XII, Line 4b - Other Adjustments: Tuition Discounts 36,481,513. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 GENERAL POLICY IS INCLUDED IN ALL SUBSTANTIVE PUBLICATIONS DISTRIBUTED. Schedule E, Part I, Line 6 The University receives federal student aid from the U.S. Department of Education including Pell Grants, federal supplemental educational opportunity grants, federal work-study grants, Perkins Loans, direct student loans, academic competitiveness grant and national science and mathematics access to retain talent grants. The University also receives research and development grants from the National Institute of Health, National Science Foundation, National Aeronautics and Space Administration, National Endowment for the Humanities, and the Department of Education. London, England 1 1 Program Services Off Campus Educational Experience 734941 Carribean 0 0 Investments Foreign Investments Domiciled in the Cayman Islands 52660689 Europe 0 0 Investments Foreign Investments Domiciled in Scotland 2594121 1 1 0 0 1 1 55989751 0 55989751 1 0 0 0 1 0 X X X X X X X 1 Campbell and Company One East Wacker Drive Suite 2100 Chicago IL 60601 Campaign Counsel 0 0 47793 0 47793 WI MD Golf Outing 26890 10000 16890 10112 26890 10000 16890 10112 10112 6778 21156 350 507 0 21156 350 507 857 20299 WI 1 0 1 0 1.00000 0 0 1 Project Bridges Day Care Center and Preschool Inc 313 South State Street Appleton WI 54911 391340963 Section 501(c)(3) 12000 Operational Support 1 0 Scholarships to students 1496 36481513 Part I, Line 2: Scholarship amounts are applied directly to student accounts after a thorough review of eligibility and selection criteria. The university has an experienced financial aid department that monitors the use of grant funds. X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 Mark Burstein President 373227 0 0 0 0 0 60200 0 13105 0 446532 0 0 0 Christopher Lee Treasurer, VP for Finance & Administ 186159 0 0 0 0 0 14763 0 11162 0 212084 0 0 0 David Burrows Dean of Faculty 180656 0 0 0 0 0 14830 0 13159 0 208645 0 0 0 Ken Anselment Dean of Admissions & FA 147831 0 0 0 0 0 12385 0 17372 0 177588 0 0 0 Calvin Husmann VP for Development & Alumni 181877 0 0 0 12126 0 15096 0 17308 0 226407 0 0 0 Brian Pertl Dean of Conservatory 151534 0 0 0 20000 0 12860 0 17308 0 201702 0 0 0 Part I, Line 4b Lawrence University has established a 457(f) plan for the President. This plan is deferred and does not vest until the President successfully meets criteria as of 6/30/2018. The 2016 employer contribution to the 457(f) plan was $30,000. A Wisconsin Health & Educational Facilities Authority 391337855 97710B3G5 2012-08-29 11065000 Current Refund bonds issued 09/09/98 0 0 0 B Wisconsin Health & Educational Facilities Authority 391337855 noneavail 2014-11-03 35505000 Current Refund bonds issued 02/26/09; Coleman Hall renovation; Banta Bowl 0 0 0 A 3480000 11065000 220000 10845000 1 0 1 1 B 35505000 150000 10000000 25355000 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 1 1 JPMorgan Chase Bank NA 10.000000000000 0 0 0 0 1 A 1 B 1 Various Trustees Grandchildren/Children 20000 Institutional Grants EDUCATION EmployeeOfficer Child 40090 Tuition Remission EdUCATION Renee Boldt Trustee 4870037 Oscar C. Boldt is Renee Goral Boldt's Father-in-law. Oscar is a long-time supporter of Lawrence University and Renee is an alumni and active trustee member. Lawrence periodically contracts with the Boldt Company for construction projects. 0 X 12 X 43 227287 Fair Market Value X 1 235000 appraisal 1 0 1 1 Part I, Column (b): The University reports the number of contributors on part I, col. B. Part I, Line 32b: The University will retain an attorney from non-cash real estate gifts and a broker for publicly traded securities as needed. Part I, Line 33: Collections Form 990, Part VI, Section A, line 1 The executive committee has authority to act for the Board of Trustees on all matters except for the following: selection and termination of the the President, election of Term Trustees, Recent Graduate Trustees and Board Officers, changes in the University's institutional mission and purposes, changes to the Articles of Consolidation and adoption of the annual budget. The executive committee shall be composed of the Chair of the Board, the Vice Chair of the Board, the immediate Past Chair of the Board, the President of the University, the Secretary of the Board, the chairs of the Academic and Student Affairs, Finance, Recruitment and Retention and Development Committees, if such Board Committees then exist, and up to three additional Term Trustees appointed annually by the Chair of the Board after consultation with the Trustee Governance Committee and the President. The committee shall be no more than 12 persons. Form 990, Part VI, Section B, line 11b The form 990 will be posted onto the board trustee website prior to filing, which is consistent with how all materials for board meetings are communicated to board members. To respect the wishes of certain donors to remain anonymous, we have chosen not to provide a full disclosure copy of the 990 to the full governing board of Lawrence University. A full disclosure copy, with all donor information, will be filed with the IRS. Form 990, Part VI, Section B, line 12c According to the written conflict of interest policy, the secretary of the board of trustees shall request each present member of the board of trustees and officers, and each future member of the board of trustees and officer prior to formal election to complete an appropriate statement, similar to the one appended, and to renew the statement at least once every year while serving in any of these capabilities. A confidential file shall be maintained of such statements. Form 990, Part VI, Section B, line 15 A compensation subcomittee of the executive committee reviews and approves the President's cabinet officers and any other disqualified person's compensation, which is then reported to the Board. The compensation subcommittee also monitors compensation philosophies for the University and staff. Compensation survey information is used from comparable institutions. An independent consultant is used every few years as well. Form 990, Part VI, Section C, line 19 The organization makes its governing documents and financial statements available on its website. The conflict of interest policy is available upon request. Form 990, Part XI, line 9: Change in Value of Split Interest agreements -98,393. Change in the value of interest in trusts 78,684. Interest Rate Swap - Mark to market 1,495,971. Form 990, Part XII, Line 2C No changes have been made from the prior year.