2015-01-30T09:07:08-07:00 2014-06-30 990 2013-07-01 381369604 LAWRENCE TECHNOLOGICAL UNIVERSITY LAWR 2482044000 21000 West Ten Mile Road Southfield MI 480751058 Linda Height VP of Finance and Admin. 2482042100 2015-01-30 2013 2016-03-07 17:11:31Z VIRINDER MOUDGIL 21000 WEST TEN MILE RD SOUTHFIELD MI 48075 88051291 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 1378 0 0 0 4819319 35515928 49677316 51410812 877588 913703 -264454 -138893 55109769 87701550 0 0 0 0 33398846 33976971 0 0 5163298 22961997 23724299 56360843 57701270 -1251074 30000280 122300255 159829190 45521165 46377678 76779090 113451512 To develop leaders through innovative and agile programs embracing theory and practice. 0 0 36997827 0 48531554 Higher Education : Associates, Baccalaureate, Graduate Program Services were provided to 4,669 students and 827 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. 511479 0 2662090 Higher Education : Campus apartments, residences, and residential services were provided for 700 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. 3316232 0 217168 Higher Education : Student Activities - Academic associations, student government, recreational and athletic programs. Participation in various associations were used by 2,986 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 40825538 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 0 0 0 0 0 0 0 0 0 1 246 0 1 1378 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 363508 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 Chairman of the Board 5 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 Board Member 2 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 Linda Height Chief Financial Officer 40 0 X X X 187825 0 0 Stephen Brown Vice President of Advancement 40 0 X X X X 210310 0 0 Samuel McCord Associate Provost and Secretary to the BOD 40 0 X X 135780 0 0 Nabil Grace Dean of Engineering 40 0 X X 367891 0 0 Maria Vaz Provost 40 0 X X 216392 0 0 Glen LeRoy Dean of Architecture 40 0 X 188520 0 0 Joseph Veryser University's Architect 40 0 X 146518 0 0 Lisa Kujawa Associate Provost 40 0 X 151816 0 0 Hsiao-Ping H Moore Dean of Arts & Science 40 0 X 151066 0 0 Timothy Chavis Chief Information Officer 40 0 X 149771 0 0 Bahman Mirshab Dean of College of Management 40 0 X X 191390 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 2460787 0 0 31 0 1 0 Corax Business Solutions Inc 2774 Waterloo Troy MI 48084 Professional Development 480911 MORPHOSIS ARCHITECTS 3440 Wesley St Culver City CA 90230 Architectural Services 145582 HOBSONS INC PO Box 505208 St Louis MO 63150 Recruiting Services 132300 Aramark 527 Plymouth Plymouth Meeting PA 19462 Maintenance Services 2713806 Albert Kahn Associates 7430 Second Ave Detroit MI 48202 Architectural Services 1009885 8 0 0 0 0 1708610 33807318 0 35515928 EDUCATIONAL SERVICES 611310 48531554 48531554 0 0 AUXILIARY SERVICES 722310 2662090 2662090 0 0 STUDENT SERVICES 611710 217168 217168 0 0 0 0 0 0 51410812 913703 913703 0 0 0 0 0 0 0 0 0 0 210848 0 349741 0 -138893 0 -138893 -138893 0 0 0 0 0 0 87701550 52185622 0 0 0 0 0 0 0 0 0 0 1699046 721011 767725 210310 0 0 0 0 28394996 21679739 5169251 1546006 83244 245404 -179977 17817 1931273 1549547 230167 151559 1868412 1562172 187089 119151 0 0 0 0 135132 0 135132 0 130870 0 130870 0 60137 0 0 60137 0 0 0 0 0 0 2679981 1900663 470079 309239 1721617 388249 9104 1324264 3648175 2806570 668188 173417 2436006 2436006 0 0 0 0 0 0 2105975 1493712 423350 188913 840868 574166 152870 113832 0 0 0 0 0 0 0 0 1463411 1029173 304076 130162 0 0 0 0 4574325 3258342 903893 412090 404372 0 404372 0 EDUCATION TRAINING AND RECRUITMENT 1183298 632624 513037 37637 MISC EXPENSES 471849 38372 429750 3727 EQUIPMENT RENTAL AND MAINTENANCE 1031739 133292 772721 125726 PRINTING PUBLICATIONS POSTAGE & PHONE 646194 376496 30387 239311 190350 0 190350 0 57701270 40825538 11712434 5163298 5358335 18264695 0 0 449076 15254898 4192574 4992987 0 0 0 0 948468 959429 0 0 957576 1175227 135629970 70676420 65199691 64953550 45194535 54228404 0 0 0 0 0 0 0 0 122300255 159829190 10741792 11087917 379945 379945 2480237 2545607 28286000 27085000 0 0 0 0 1120353 2453734 0 0 2512838 2825475 45521165 46377678 X 35438231 36951131 23527991 57928700 17812868 18571681 76779090 113451512 122300255 159829190 X 30000280 0 0 0 0 6672142 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 60137 60137 57701270 57761407 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 161123 134237 112550 60137 468047 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 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 21157972 499584 2456277 0 687332 0 23426501 0.08 0.47 0.45 0 0 934607 0 934607 89687114 0 38843839 50843275 5039391 0 3579487 1459904 38553583 0 28253094 10300489 1415275 0 0 1415275 64953550 0 DEPOSITS FROM STUDENTS 1193669 FAIR VALUE OF INTEREST RATE SWAP 1631806 2825475 93847695 6007252 0 0 138893 6146145 87701550 0 0 0 87701550 58051011 0 0 0 349741 349741 57701270 0 0 0 57701270 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 SUBJECT 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 NOR 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 PROPERTIES. Schedule D, Part XII, Line 2d CONSISTS OF EXPENSES ON RENATL 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 0 0 0 0 0 0 0 0 0 Nabil Grace Dean of Engineering 190035 0 0 0 177856 0 3800 0 21943 0 393634 0 489724 0 Virinder Moudgil President 310000 0 0 0 11492 0 42016 0 21969 0 385477 0 408355 0 Maria Vaz Provost 216392 0 0 0 0 0 4328 0 22438 0 243158 0 237793 0 Stephen Brown Vice President of Advancement 210310 0 0 0 0 0 4206 0 11217 0 225733 0 200345 0 Bahman Mirshab Dean of College of Management 191390 0 0 0 0 0 3827 0 23386 0 218603 0 194770 0 Glen LeRoy Dean of Architecture 188520 0 0 0 0 0 3770 0 21706 0 213996 0 209862 0 Linda Height Chief Financial Officer 187825 0 0 0 0 0 3757 0 19192 0 210774 0 203867 0 Hsiao-Ping H Moore Dean of Arts & Science 151066 0 0 0 0 0 3021 0 10404 0 164491 0 0 0 Schedule J, Part I, Line 1a AN AUTOMOBILE AND HOUSING RESIDENCE IS FURNISHED FOR THE PRESIDENT OF THE UNIVERSITY. 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 490000 0 11310000 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 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. Form 990, Part VI, Section B, Line 12c ANNUAL SIGNED DISCLOSURE STATEMENTS ARE COMPLETED BY THE BOARD OF DIRECTORS 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 PRESIDENT'S COMPENSATION. THE OTHER COMPENSATION DOCUMENTATION IS COMPLETED BY THE HUMAN RESOURCES DEPARTMENT ANNUALLY. Form 990, Part VI, Section C, Line 18 THESE 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 VI, Section C, Line 19 These documents are only available upon the request of the VP of Finance or the President's office. Copies of the 990 tax returns are available for viewing in the University's library department. Form 990, Part XI, Line 9 CONSISTS OF NET INVESTMENT GAINS, PLEDGES , AND NET LOSSES ON RENTALS.