2017-02-15T16:18:53-06:00 2016-06-30 391173131 SCHENCK SC 11414 W PARK PLACE STE 200 MILWAUKEE WI 53224 990 2015-07-01 237179639 WISCONSIN LUTHERAN COLLEGE INC WISC 4144438800 8800 WEST BLUEMOUND ROAD MILWAUKEE WI 53226 GARY A SCHMID VICE PRESIDENT FINANCE 4144438800 2017-02-15 1 WENDY MALLO P01250277 4144634411 2015 2021-01-29 14:40:06Z DANIEL JOHNSON 8800 WEST BLUEMOUND ROAD MILWAUKEE WI 53226 44666318 0 1773 X WWW.WLC.EDU X 1973 WI WISCONSIN LUTHERAN COLLEGE IS A PRIVATE, FOUR-YEAR LIBERAL ARTS COLLEGE. 31 31 994 100 209395 43125 18639816 8667304 30204837 31395521 3633525 1551886 1024936 883929 53503114 42498640 10939035 12392083 0 0 14976535 15069554 0 72000 1426561 15974767 16539584 41890337 44073221 11612777 -1574581 115364837 111965751 55007502 56433322 60357335 55532429 X 'WISCONSIN LUTHERAN COLLEGE IS A PRIVATE, FOUR-YEAR LIBERAL ARTS COLLEGE OFFERING 38 UNDERGRADUATE MAJORS AND 5 GRADUATE DEGREES IN EDUCATION. ITS MISSION IS TO PROVIDE AN OPPORTUNITY TO ITS' STUDENTS FOR A LIBERAL ARTS EDUCATION IN KEEPING WITH THE THEOLOGICAL FOUNDATION OF ITS' CONFERENCE CONGREGATIONS AND THE WISCONSIN EVANGELICAL LUTHERAN SYNOD. 0 0 19284925 12392083 25905507 INSTRUCTION AND ACADEMIC SUPPORT: WISCONSIN LUTHERAN COLLEGE OFFERS NATIONALLY RANKED ACADEMIC PROGRAMS IN A CHRISTIAN ENVIRONMENT. STUDENTS PARTICIPATE IN SMALL CLASSES AND RECEIVE ONE-ON-ONE MENTORING FROM PROFESSORS. THE COLLEGE PREPARES ITS STUDENTS (881 FULL-TIME AND 41 PART-TIME) TO BE CHRISTIAN LEADERS IN THEIR CHOSEN ACADEMIC FIELDS. IN ADDITION TO TRADITIONAL UNDERGRADUATE PROGRAMS THAT ENCOMPASS 38 MAJORS AND 5 PRE-PROFESSIONAL PROGRAMS, A MASTER OF ARTS IN EDUCATION AND ACCELERATED DEGREE COMPLETION PROGRAMS ARE OFFERED BOTH ON CAMPUS AND ONLINE. DURING 2015-2016, 443 STUDENTS TOOK COURSES THROUGH THE COLLEGE OF ADULT AND GRADUATE STUDIES. DURING 2015-2016, 261 STUDENTS GRADUATED FROM THE COLLEGE WITH A BACHELOR OF SCIENCE DEGREE, A BACHELOR OF ARTS DEGREE, A BACHELOR OF SCIENCE IN NURSING DEGREE, OR A MASTER OF ARTS IN EDUCATION. 6914598 5490014 AUXILARY ENTERPRISES AND STUDENT SERVICES: THROUGH THE OFFICE OF RESIDENCE LIFE, WISCONSIN LUTHERAN COLLEGE OFFERED GUIDANCE, SUPPORT, ACTIVITIES, AND CAMPUS HOUSING TO 618 STUDENTS WHO LIVED IN 48 COLLEGE-OWNED BUILDINGS IN 2015-2016. OUTSIDE GROUPS AND CAMP ATTENDEES ALSO UTILIZED CAMPUS HOUSING DURING THE SUMMER. THE COLLEGE MANAGES DINING FACILITIES FOR ITS RESIDENT STUDENTS, COMMUTERS, FACULTY, STAFF, GUESTS, AND OUTSIDE GROUPS THAT HOLD EVENTS AND CONFERENCES AT THE COLLEGE. 11805410 PUBLIC SERVICE AND INSTITUTIONAL: WISCONSIN LUTHERAN COLLEGE SERVES ITS COMMUNITY THROUGH A VARIETY OF PROGRAMS. STUDENTS PERFORM SERVICE PROJECTS LOCALLY, NATIONALLY, AND INTERNATIONALLY THROUGH THE OFFICE OF CAMPUS MINISTRY, WARRIORS AT WORK, NEW FRIENDS, AND OTHER CAMPUS ORGANIZATIONS. THE CENTER FOR ARTS AND PERFORMANCE OFFERS FREE ARTS PROGRAMMING THROUGH ITS SUMMER ARTS IN THE PARK SERIES. 38004933 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 0 1 0 1 57 0 1 994 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 31 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 1 1 1 1 X GARY A SCHMID 4144438800 8800 WEST BLUEMOUND RD MILWAUKEE WI 53226 C DANIEL STEFFERUD REGENT 0.90 X 0 0 0 CHARLES KLUENKER REGENT 0.90 X 0 0 0 DR GARY STIMAC REGENT 0.90 X 0 0 0 DR GERALD FISCHER REGENT 0.90 X 0 0 0 DR R BOWEN LOFTIN REGENT 0.90 X 0 0 0 DR RONALD WHITE TREASURER 1.30 X X 0 0 0 DR TERRY GUELDNER REGENT 0.90 X 0 0 0 DR WILLIAM RAASCH VICE-CHAIRMAN 1.30 X X 0 0 0 GARY DRSKA REGENT 1.30 X 0 0 0 GEORGE ZAFEROS REGENT 0.90 X 0 0 0 JAMES FISCHER CHAIRMAN 3.00 X X 0 0 0 JAMIE LUEHRING REGENT 0.90 X 0 0 0 KENT RAABE REGENT, ADVISORY 1.30 X 0 0 0 KERRY WOODY REGENT 0.90 X 0 0 0 LAWRENCE TOTSKY REGENT 0.90 X 0 0 0 MARK NEUMANN REGENT 1.30 X 0 0 0 MATT TROTTER REGENT 0.90 X 0 0 0 MATTHEW BUROW REGENT 0.90 X 0 0 0 PAUL SCRIVER REGENT 0.90 X 0 0 0 REV DENNIS HIMM REGENT 0.90 X 0 0 0 REV S GENE SIMS REGENT 0.90 X 0 0 0 REV JEFF GUNN REGENT 0.90 X 0 0 0 REV KENNETH FISHER SECRETARY 1.30 X X 0 0 0 REV MARK HENRICH REGENT 0.90 X 0 0 0 RYAN BARBIERI REGENT 1.30 X 0 0 0 SCOTT MAYER REGENT 0.90 X 0 0 0 STEPHEN GRANBERG REGENT 0.90 X 0 0 0 STEVEN BOETTCHER REGENT 1.30 X 0 0 0 TOM PLATH REGENT 0.90 X 0 0 0 WILLIAM TREFFERT REGENT 0.90 X 0 0 0 JIM REINERT REGENT 0.90 X 0 0 0 PETE AISBET REGENT 0.90 X 0 0 0 DANIEL JOHNSON PRESIDENT 40.00 X 154410 0 32946 DR JOHN KOLANDER PROVOST 40.00 X 84422 0 25245 GARY SCHMID VP FINANCE 40.00 X 82854 0 13212 321686 0 71403 1 0 1 0 TRINITY HOME GROUP LLC 8526 S STONE CREEK DRIVE OAK CREEK WI 53154 MAINTENANCE/HOUSEKEEPING 1601529 8800 CONCORD LLC - WESTBURY BANK 17160 W NORTH AVENUE BROOKFIELD WI 53005 STUDENT HOUSING 918437 SODEXO INC 1926 W WISCONSIN AVE 250 MILWAUKEE WI 53233 FOOD SERVICES 914193 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52402 CONSULTING SERVICES - GRANTS 381014 CATALYST CONSTRUCTION 225 E MASON STREET STE 600 MILWAUKEE WI 53202 BUILDING SUPPLIES - PARKING CENTER 372661 5 32625 193363 8441316 366670 8667304 TUITION AND FEES 900099 25786273 25786273 AUXILIARY ENTERPRISES 611710 5490014 5490014 THEATRE INCOME 900099 119234 119234 31395521 279576 279576 26039 26039 391084 155774 235310 235310 85314 149996 2917843 277872 1642994 280411 1274849 -2539 1272310 1272310 22138 32625 27605 -5467 -5467 97330 60894 36436 193 36243 OTHER INCOME 900099 591611 123888 467723 591611 42498640 31395521 209395 2226420 11925083 11925083 467000 467000 439298 133139 116733 189426 10722405 8871849 1211554 639002 707780 573969 78101 55710 2416045 1976352 280801 158892 784026 633145 90217 60664 39798 39798 41438 41438 72000 72000 69856 69856 352754 305895 46859 1464012 899841 494426 69745 710089 350429 359660 1617678 1523059 94619 387705 362364 12053 13288 89920 72234 10858 6828 1333472 1060641 272831 3105985 2995082 110903 191398 2710 188688 MISCELLANEOUS 7135479 5852141 1122332 161006 44073221 38004933 4641727 1426561 555412 32341 629819 497170 9117956 2921658 1390241 767947 16805 26734 17787 53686 125699998 47646921 73367870 78053077 16211430 14596408 12901434 13855756 1156083 1160974 115364837 111965751 449764 953337 235987 247569 47352715 47580000 4843580 4540863 2125456 3111553 55007502 56433322 X 34902299 36143606 19221165 12770848 6233871 6617975 60357335 55532429 115364837 111965751 X -1574581 -1464398 -1785927 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29087696 1140308 -519574 1400000 28308430 24871974 5134476 481246 1400000 29087696 23387782 312762 2571430 1400000 24871974 22552305 786761 1048716 1000000 23387782 22406569 916796 328940 1100000 22552305 0.49630 0.23380 0.26990 0 0 16226906 16226906 90469958 34073999 56395959 201160 151854 49306 15673134 12045017 3628117 3128840 1376051 1752789 78053077 LIMITED PARTNERSHIPS 2433972 F HEDGE FUNDS 7905602 F REAL ESTATE FUNDS 480799 F VENTURE CAPITAL FUNDS 282737 F DOMESTIC PRIVATE EQUITY FUNDS 1993900 F INTERNATIONAL PRIVATE EQUITY FUNDS 163150 F INVESTMENT IN 8800 CONCORD LLC 595596 F 13855756 DEPOSITS 188299 AGENCY FUNDS 17424 ANNUITIES PAYABLE 268627 CAPITAL LEASES 634210 INTEREST RATE EXCHANGE LIABILITY 238334 BANK LINE OF CREDIT 1764659 3111553 X 27039611 -1464398 -1602548 -3066946 30106557 12392083 12392083 42498640 31864517 183379 183379 31681138 12392083 12392083 44073221 PART V, LINE 4: EARNINGS ON THE ENDOWMENT ARE USED PRIMARILY TO FUND SCHOLARSHIPS FOR UNDERGRADUATE STUDENTS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. IN ACCORDANCE WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE COLLEGE ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE COLLEGE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERIT OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE COLLEGE AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES DURING FISCAL YEAR 2016. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO JUNE 30, 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: WITHDRAWAL OVER INCOME EARNED -1,168,847. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -26,939. CHANGE IN INTEREST RATE SWAP 327,717. RENTAL EXPENSES NETTED WITH REVENUES FOR 990 155,774. FUNDRAISING EXPENSES NETTED WITH REVENUES FOR 990 27,605. FORGIVENESS OF DEBT FROM PATHWAYS -917,858. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND INSTITUTIONAL AID 11,925,083. GRANT TO FOREIGN ORGANIZATION NETTED WITH REVENUES ON FINANCIAL STMS. 467,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUES FOR 990 155,774. FUNDRAISING EXPENSES NETTED WITH REVENUES FOR 990 27,605. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND INSTITUTIONAL AID 11,925,083. GRANT TO FOREIGN ORGANIZATION NETTED WITH REVENUES ON FINANCIAL STMTS. 467,000. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 OUR NON-DISCRIMINATION POLICIES ARE PUBLIC AND REPRESENTED IN OUR STUDENT GUIDES AND WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES AND ADMINISTERS FEDERAL FINANCIAL AID (TITLE IV) INCLUDING PELL GRANTS, DIRECT LOANS AND FEDERAL WORK-STUDY. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDY TOUR / HUMANITARIAN AID 137352 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDY TOUR 3059 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY TOUR 36822 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA, FASO, 0 0 PROGRAM SERVICES STUDY TOUR / HUMANITARIAN AID 14649 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANT TO ORGANIZATION IN THE REGION 467000 0 0 0 0 0 0 658882 0 658882 CENTRAL AMERICA AND THE CARIBBEAN CHURCH AND SCHOOL OPERATIONS AND BUILDING MAINTENANCE 467000 WIRE TRANSFER 1 0 0 0 0 0 0 X 1 MCALLISTER & QUINN LLC 1030 15TH ST NW 590 WASHINGTON DC 20005 GRANT CONSULTANT 0 0 73982 -73982 73982 -73982 WI GOLF OUTING 54763 32625 22138 25843 1762 54763 32625 22138 25843 1762 27605 -5467 SCHEDULE G, PART I, LINE 2B, COLUMN (V) SCOPE OF WORK FOCUSED ON SUBMITTING AND SECURING FEDERAL GRANTS THROUGH THE IMPLEMENTATION OF MCALLISTER & QUINN'S PROVEN GRANT AND FACULTY DEVELOPMENT MODEL. 1 INSTITUTIONAL MERIT AND NEED BASED AID 881 11925083 PART I, LINE 2: WLC AWARDS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS MEETING CERTAIN FINANCIAL NEED TESTS AND ACADEMIC MERIT LEVELS. STUDENTS RECEIVING FINANCIAL ASSISTANCE MUST MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVEMENT, FINE ARTS ABILITIES, FINANCIAL NEED, OR OTHER SIMILAR STANDARDS SET BY THE BOARD OF REGENTS OR DONORS OF RESTRICTED OR ENDOWED FUNDS. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DANIEL JOHNSON PRESIDENT 154410 0 0 0 0 0 5599 0 27347 0 187356 0 0 0 A WI HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 2012-02-23 48850000 CONSTRUCTION AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES 0 0 0 A 48850000 48670000 180000 2006 1 0 1 1 A 0 0 0 0 0 0 0 A 1 1 1 US BANK NA 5.000000000000 0 0 0 0 0 A 1 DISCLOSURE SUBJECT TO FERPA LAWS 52215 SCHOLARSHIP MATTHEW BUROW GARY STIMAC KENT RA BOARD MEMBERS / PARTNERS IN 8800 CONCORD, LLC 1071579 JOINT VENTURE 0 MATTHEW BUROW BOARD MEMBER/PARTNER IN CATALYST CONSTRUCTION 5148148 CONSTRUCTION OF PARKING STRUCTURE 0 X 1 247900 FMV X SUPPLIES & EQUIPMENT 5 118770 COST 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS MATTHEW BUROW, GARY STIMAC, AND KENT RAABE ARE ALL PARTIAL OWNERS OF 8800 CONCORD, LLC. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF THE BOARD OF REGENTS RESTS WITH DELEGATES OF THE CONFERENCE OF CONGREGATIONS WHICH FOUNDED THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11 THE COMPLETE 990 IS REVIEWED BY MEMBERS OF THE PRESIDENT'S CABINET (PRESIDENT AND VICE PRESIDENTS) AND THE CHAIRMAN OF THE BOARD OF REGENTS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH MEMBER OF THE BOARD (REGENTS)) ARE REQUIRED TO SUBMIT AN UPDATED STATEMENT REGARDING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 TO DETERMINE COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR OR OTHER TOP MANAGMENT OFFICIALS, USED CUPA STUDY DATA PLUS REVIEWED BY EXECUTIVE COMMITTEE FOR ANY RAISE OR INCREASE OVER THE STANDARD % GIVEN TO ALL EMPLOYEES. TO DETERMINE COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES, USED CUPA STUDY DATA PLUS REVIEWED BY EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -26,939. CHANGE IN INTEREST RATE SWAP 327,717. WITHDRAWAL OVER INCOME EARNED -1,168,847. FORGIVENESS OF DEBT FROM PATHWAYS -917,858. SINGLE AUDIT PROCESS THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR THE PROCESS USED TO SELECT AN INDEPENDENT ACCOUNTANT. 8800 CONCORD LLC 8800 WEST BLUEMOUND ROAD MILWAUKEE WI 53226 271463226 STUDENT HOUSING WI WISCONSIN LUTHERAN COLLEGE RELATED 180893 1284626 0 1 0.52580 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 8800 CONCORD LLC K 1071579 FMV