2011-02-03T16:28:37-06:00 2010-06-30 WIPFLI LLP 43A W DAVENPORT ST RHINELANDER WI 54501 990 2009-07-01 391453493 Lac Courte Oreilles Ojibwa Community College LACC 7156344790 13466 West Trepania Road Hayward WI 54843 Dan Gretz 7156344790 2011-01-11 1 RANDALL H BEARD CPA 7153691040 2011-01-11 2009 2016-02-24 21:20:13Z DANIELLE HORNETT 13466 W Trepania Rd Hayward WI 54843 7731070 0 X www.lco.edu X 1982 WI To provide, within the indian community, a system of post-secondary and continuing education with associate degree and certificate granting capabilities. 7 7 237 0 0 0 5445068 4126089 1013034 1064292 106518 74806 47262 20494 6611882 5285681 0 0 3774933 3771498 0 76790 1517461 1774789 5292394 5546287 1319488 -260606 9237447 9634312 355182 885884 8882265 8748428 TO PROVIDE, WITHIN THE INDIAN COMMUNITY, A SYSTEM OF POST-SECONDARY AND CONTINUING EDUCATION WITH ASSOCIATE DEGREE AND CERTIFICATE GRANTING CAPABILITIES. 0 0 4112980 0 1084786 PROVIDED INSTRUCTION IN ASSOCIATE DEGREE, DIPLOMA, AND CONTINUING EDUCATION PROGRAMS TO 681 STUDENTS. 4112980 1 1 0 0 0 0 0 0 1 1 1 0 1 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 1 728 0 237 1 0 0 0 0 0 0 0 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 1 0 0 X Dan Gretz 7153644790 13466 W Trepania Road Hayward WI 54843 Jeff Crone 5.00 X X 2650 0 0 Daryl Coons 5.00 X X 2450 0 0 Marie Basty 5.00 X X 3638 0 0 Gary Gerber 5.00 X 2250 0 0 Lorraine Smith 5.00 X 2350 0 0 Joyce Miller 5.00 X 2550 0 0 Russell Barber 5.00 X 0 0 0 LISA LARONGE 5.00 X 1950 0 0 Danielle Hornett 40.00 X 79642 0 2673 Dan Gretz 40.00 X 50767 0 5350 Charles Nadelhoffer 40.00 X 42671 0 2697 190918 0 10720 0 0 0 0 Shirriff Construction Inc 11074 Kelsey Road Hayward WI 54843 Building and Remodeling 244677 Jenzabar Inc 101 Huntington Avenue Boston MA 02199 Computer Software 198694 2 3899478 226611 4126089 Tuition and fees 611600 1064292 1064292 1064292 97902 97902 2191835 2214931 -23096 -23096 -23096 243760 230458 13302 13302 Facility rental 531120 3432 3432 GIS Contract Revenue 541900 1000 1000 2760 2760 7192 5285681 1084786 0 74806 233611 233611 2777489 2347115 390678 39696 69579 47965 20021 1593 462650 382670 70858 9122 228169 189779 35194 3196 24870 24870 55244 55244 37638 11738 13675 12225 59014 9221 43600 6193 55151 6114 49037 170713 95699 75014 117710 80656 35257 1797 14011 6427 7584 6228 6228 319754 243059 74457 2238 42799 10959 31746 94 Supplies 183074 159867 22571 636 Consultants/Service Con 162929 117651 45278 Small equipment 105830 80898 24932 Professional developmen 72465 70997 1468 Repairs 54610 54610 292749 197555 95194 5546287 4112980 1356517 76790 710019 922047 7124 876302 510729 63168 242787 49432 130423 4368 7079054 1856190 5134434 5222864 2383768 2601094 13200 0 9237447 9634312 324950 339249 30232 546635 355182 885884 X 6546078 6200181 1273115 1462109 1063072 1086138 8882265 8748428 9237447 9634312 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2336187 17200 194880 2548267 2134465 180222 81910 60410 2336187 0.42620 0.57380 0 0 6038730 1466985 4571745 26360 21612 4748 1013964 367593 646371 5222864 Cash equivalent 122856 C Certificates of deposit 459987 C Government Securities 1568091 F Corporate bonds 450160 F 2601094 5285681 5546287 -260606 126769 126769 -133837 5642905 357224 357224 5285681 0 5285681 5776745 230458 230458 5546287 0 5546287 Part V, Line 4: Description of Intended Use of Endowment Funds: The endowment funds were established with the assistance of the Department of Interior - Bureau of Indian Affairs and the Department of Education with matching contributions from private and internal sources. The earnings on the endowment can be used at the discretion of management to fund college operations. Part X: Description of Uncertain Tax Positions Under FIN 48: The College is exempt from income tax under Section 501(c)(3) of the U.S. Internal Revenue Code and comparable State law. Contributions to it are tax deductible within limitations prescribed by the Code. However, unrelated business income may be subject to taxation. The College is required to assess whether it is more likely than not that a tax position will be sustained upon examination on the technical merits of the position assuming the taxing authority has full knowledge of all information. If the tax position does not meet the more likely than not recognition threshold, the benefit of that position is not recognized in the financial statements. The College has determined there are no amounts to record as assets or liabilities related to uncertain tax positions. Federal returns for the years ended 2007, 2008, and 2009 remain subject to examination by the Internal Revenue Service. Line 2D: These are reconciling items for cost of goods sold and unrealized losses on investments not recognized for tax purposes. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Form 990, Part VI, Section B, line 11 The Form 990 was reviewed by management before it was submitted. Form 990, Part VI, Section B, line 15a The president's salary was determined by the governing board of the organization and is part of a written employment contract. Form 990, Part VI, Section C, line 19 The documents are available to the public upon request during normal business hours. The process of slecting the auditor and oversight of the audit has not changed from the prior year.