2016-01-22T16:30:48-07:00 2015-06-30 990 2014-07-01 381369604 LAWRENCE TECHNOLOGICAL UNIVERSITY LAWR 2482044000 21000 West Ten Mile Road Southfield MI 480751058 Linda Height VP of Finance and Admin. 2482042100 2016-01-25 2014 2016-04-25 22:37:26Z VIRINDER MOUDGIL 21000 WEST TEN MILE RD SOUTHFIELD MI 48075 73930235 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. 20 19 1428 0 0 0 35515928 12029742 51410812 60244728 913703 1344600 -138893 -9911 87701550 73609159 0 0 0 0 33976971 36192710 0 0 5071323 23724299 26253737 57701270 62446447 30000280 11162712 159829190 179371591 46377678 57356760 113451512 122014831 To develop leaders through innovative and agile programs embracing theory and practice. 0 0 36081308 0 57008656 Higher Education : Associates, Baccalaureate, Graduate Program Services were provided to 4,930 students and 663 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. 847303 0 2804769 Higher Education : Campus apartments, residences, and residential services were provided for 728 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. 6207087 0 431304 Higher Education : Student Activities - Academic associations, student government, recreational and athletic programs. Participation in various associations were used by 3,286 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 43135698 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 1 283 0 1 1428 1 0 1 CA 0 0 0 0 X 20 19 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 Victor A Saroki Board Member 2 0 X 0 0 0 Virinder Moudgil President 40 0 X X X X 386282 0 0 Lauren L Bowler Board Member 2 0 X 0 0 0 Raymond Khan Board Member 2 0 X 0 0 0 Howard B Padgham Board Member 2 0 X 0 0 0 John G Petty Board Member 2 0 X 0 0 0 Lloyd E Reuss BOARD MEMBER 2 0 X 0 0 0 Joseph E Champagne Board Member 2 0 X 0 0 0 David B Wohleen Board Member 2 0 X 0 0 0 Douglas E Ebert CHAIRMAN OF THE BOARD 5 0 X 0 0 0 Frederick M Adams Jr Board Member 2 0 X 0 0 0 Barbara Samardzich Board Member 2 0 X 0 0 0 Larry A Lawson Board Member 2 0 X 0 0 0 Larry D Lyons Board member 2 0 X 0 0 0 Marcy Klevorn Board Member 2 0 X 0 0 0 Vincent G Dow Board Member 2 0 X 0 0 0 John G Smith Board Member 2 0 X 0 0 0 Joseph L Welch Board Member 2 0 X 0 0 0 Cary B Wood Board Member 2 0 X 0 0 0 Mary Ann Wright Board Member 2 0 X 0 0 0 Linda Height Chief Financial Officer 40 0 X X X 196277 0 0 Stephen Brown Vice President of Advancement 40 0 X X 160453 0 0 Nabil Grace Dean of Engineering 40 0 X X 418590 0 0 Maria Vaz Provost 40 0 X X 225036 0 0 Glen LeRoy Dean of Architecture 40 0 X 194640 0 0 Joseph Veryser University's Architect 40 0 X 153046 0 0 Lisa Kujawa Associate Provost 40 0 X 158650 0 0 Hsiao-Ping H Moore Dean of Arts & Science 40 0 X 167754 0 0 Timothy Chavis Chief Information Officer 40 0 X 161692 0 0 Bahman Mirshab Dean of College of Management 40 0 X X 197590 0 0 2420010 0 0 42 1 1 0 Corax Business Solutions Inc 2774 Waterloo Troy MI 48084 Professional Development 959822 DEMARIA BUILDING COMPANY 45500 GRAND RIVER NOVI MI 48374 CONSTRUCTION COMPANY 2301657 UNIVERSITY HOUSING SOLUTIONS 11 N MULBERRY ST MANSFIELD OH 44902 CONSTRUCTION SERVICES 9840276 Aramark 527 Plymouth Plymouth Meeting PA 19462 Maintenance Services 2899422 YELLOW FLAG PRODUCTIONS 180 HIGH OAK ST BLOOMFIELD HILLS MI 48304 ADVERTISING 540000 41 0 0 0 0 1976436 10053306 0 12029742 60244728 60244728 0 0 60244728 1344600 1344600 0 0 0 0 0 0 0 0 0 0 311165 0 321076 0 -9911 0 -9911 -9911 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 73609159 61579417 0 0 0 0 0 0 0 0 0 0 1724282 756234 807595 160453 29852029 22923117 5347490 1581422 0 0 0 0 351335 284634 45644 21057 2317318 1649142 517596 150580 1947746 1630719 198482 118545 0 0 0 0 204370 0 204370 0 147740 0 147740 0 39266 0 0 39266 0 0 0 0 0 0 2972738 2104252 561948 306538 1869383 557785 3803 1307795 3882099 2948226 770529 163344 1476544 1476544 0 0 0 0 0 0 1922792 1332983 433095 156714 1226778 952372 215854 58552 0 0 0 0 0 0 0 0 1252666 860869 290587 101210 0 0 0 0 5698126 3956727 1276220 465179 482079 0 482079 0 EDUCATION AND TRAINING 1617331 860234 721115 35982 MISCELLANEOUS EXPENSES 561648 104193 456657 798 BAD DEBTS 914830 0 914830 0 PRINTING / PUBLICATIONS / MAINTENANCE 1985347 737667 843792 403888 0 0 0 0 62446447 43135698 14239426 5071323 18264695 20887652 0 0 15254898 10503382 4992987 4436523 0 0 0 0 959429 1098257 0 0 1175227 1135535 154714580 76374548 64953550 78340032 54228404 62970210 0 0 0 0 0 0 0 0 159829190 179371591 11087917 11676795 379945 379945 2545607 2988426 27085000 35636000 0 0 0 0 2453734 3824753 0 0 2825475 2850841 46377678 57356760 X 36951131 43248804 57928700 53904565 18571681 24861462 113451512 122014831 159829190 179371591 X 11162712 0 0 0 0 -2599393 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 39266 39266 62407181 62446447 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 134237 112550 60137 39266 346190 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 41478740 7168321 511794 0 1299174 0 47859681 28820115 9250383 4730146 0 1321904 0 41478740 26972974 300028 2630207 0 1083094 0 28820115 28289475 721686 -828347 0 1209840 0 26972974 23426501 1176843 4543010 0 856879 0 28289475 0.08 0.52 0.4 0 0 934607 0 934607 90093862 0 41257050 48836812 5039391 0 3981801 1057590 43296754 0 31135697 12161057 15349966 0 0 15349966 78340032 0 DEPOSITS FROM STUDENTS 1358255 FAIR VALUE OF INTEREST RATE SWAP 1492586 2850841 71705987 -1913083 0 0 9911 -1903172 73609159 0 0 0 73609159 62767523 0 0 0 321076 321076 62446447 0 0 0 62446447 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 INDEFINTELY, 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 ARE NEITHER PERMANENTLY RESTRICTED NOT TEMPORARY RESTRICTED BY DONOR IMPOSED STIPULATIONS. THESE FUNDS MAY BE DESIGNATED FOR SPECIFIC PURPOSES BY ACTION OF THE BOARD OF DIRECTORS. Schedule D, Part XI, Line 2d CONSISTS OF NET RENTAL LOSSES OF HELD PROPERTIES. Schedule D, Part XII, Line 2d CONSISTS OF OPERATING EXPENSES ON RENTAL 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 AND OTHERS WHICH THE UNIVERSITY RECEIVES FROM THE FEDERAL GOVERNMENT DIRECTLY AND APPLIES THE RECEIPTS TO STUDENT ACCOUNTS IN ACCORDANCE WITH THE RULES AND REGULATIONS GOVERNING THESE PROGRAMS. X 1 1 X 1 0 0 0 0 0 0 0 0 Nabil Grace Dean of Engineering 190035 0 0 0 228555 0 4750 0 21943 0 445283 0 393634 0 Virinder Moudgil President 375000 0 0 0 11282 0 7750 0 21969 0 416001 0 385477 0 Maria Vaz Provost 225035 0 0 0 0 0 5402 0 22438 0 252875 0 243158 0 Bahman Mirshab Dean of College of Management 197590 0 0 0 0 0 4763 0 23386 0 225739 0 218603 0 Linda Height Chief Financial Officer 196277 0 0 0 0 0 4695 0 19192 0 220164 0 210774 0 Glen LeRoy Dean of Architecture 194640 0 0 0 0 0 4692 0 21706 0 221038 0 213996 0 Hsiao-Ping H Moore Dean of Arts & Science 167754 0 0 0 0 0 3750 0 10404 0 181908 0 164491 0 Timothy Chavis Chief Information Officer 161692 0 0 0 0 0 4042 0 23467 0 189201 0 177238 0 Stephen Brown Vice President of Advancement 160453 0 0 0 0 0 4011 0 11217 0 175681 0 225733 0 Lisa Kujawa Associate Provost 158650 0 0 0 0 0 3795 0 22641 0 185086 0 177068 0 Joseph Veryser University's Architect 153046 0 0 0 0 0 3626 0 10114 0 166786 0 159233 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'S PRESIDENT'S COMPENSATION. Schedule J, Part I, Line 4 THE VICE PRESIDENT OF ADVANCEMENT (S BROWN) WAS GIVEN A SEVERENCE PACKAGE OF $160,452. 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 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 9775000 0 2205000 2015 0 0 0 1 A 0 0 0 0 0 0 0 1 B 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 7 0 0 0 0 1 A 1 B 1 X 1 255000 FMV X 3 227718 FMV X 4 87349 MARKET VALUE 0 0 0 0 Form 990, Part VI, Section B, Line 11b THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS 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 THE COMMITTEE AND THE BOARD OF DIRECTORS MINUTES. Form 990, Part VI, Section B, Line 12c ANNUAL SIGNED DISCLOSURE STATEMENTS ARE COMPLETED BY THE BOARD OF DIRCTORS WITH ANY EXCEPTIONS FOLLOWED UP UPON BY THE BOARD. Form 990, Part VI, Section B, Line 15 THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DOCUMENTING THE UNIVERSITY'S PRESIDENTS COMPENSATION. THE OTHER COMPENSATION DOCUMENTATION IS COMPLETED BY THE HUMAN RESOURCES DEPARTMENT ANNUALLY. Form 990, Part VI, Section C, Line 19 THESES DOCUMENTS ARE ONLY AVAILABLE UPON THE REQUEST TO THE VP OF FINANCE OR THE PRESIDENT'S OFFICE. COPIES OF THE 990 TAX RETURNS ARE AVAILABLE IN THE UNIVERSITY'S LIBRARY SERVICES FOR REVIEW. Form 990, Part XI, Line 9 CONSISTS OF NET INVESTMENT LOSSES, PLEDGES, AND NET LOSSES ON RENTALS.