2011-04-08T11:35:05-05:00 2010-05-31 Baker Tilly Virchow Krause LLP 225 S 6th St Ste 2300 Minneapolis MN 55402 990 2009-06-01 470376551 Midland Lutheran College MIDL 4027215480 900 North Clarkson Street Fremont NE 68025 Jodi Benjamin 4029416142 2011-04-07 1 Lawrence H Mohr CPA 6128764500 2009 2016-02-24 21:20:13Z Jodi Benjamin 900 North Clarkson Street Fremont NE 68025 23844522 0 X www.midlandu.edu X 1883 NE Midland Lutheran College inspires people to learn and lead in the world with purpose. We are a liberal arts college of the Evangelical Lutheran Church in America. The College holds the following core values to be the foundation of our identity as a community: faith, learning, quality, respect, and stewardship. 20 20 525 65 0 0 3177187 3374697 18287826 17264354 -179285 314442 349975 -5729 21635703 20947764 8130475 7329837 0 8788120 8590886 212659 28904 551597 8007447 7784142 25138701 23733769 -3502998 -2786005 52489364 50688313 29442845 28314822 23046519 22373491 Midland Lutheran College inspires people to learn and lead in the world with purpose. 1 0 11746101 7329837 15410830 INSTRUCTION Midland Lutheran College offers multiple degrees including bachelors degrees in business, education and nursing, as well as a Masters in Accounting. The 2009-2010 enrollment was 66 MyPath students, 638 traditional students in the fall, 597 traditional students in the spring, and 17 graduate students. 3678164 ACADEMIC SUPPORT Academic support includes the library, admissions, financial aid, information technology and those functions that directly support instruction. 2724432 1853524 AUXILIARY ENTERPRISESAuxiliary enterprises at Midland Lutheran College are comprised of 7 residence halls or on-campus apartments, a dining facility, and a bookstore for faculty, staff and students. 333 students resided in student housing during fall 2009 and 303 students during spring 2010. 53% of students participated in the meal plans offered by the college's dining services. 18148697 1 1 0 1 0 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 23 0 1 525 1 0 0 0 0 0 1 1 0 0 0 20 20 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X JODI BENJAMIN 4029416102 900 NORTH CLARKSON STREET FREMONT NE 68025 Dr Milo Anderson 1.00 X 0 0 0 Linda Timmons 1.00 X 0 0 0 Gretchen Ritola 1.00 X 0 0 0 MICHAEL JACOBSON 1.00 X 0 0 0 Dr William C Nelsen 1.00 X 0 0 0 Rev MARTIN RUSSELL 1.00 X 0 0 0 Dr STEVE BULLOCK 1.00 X 0 0 0 SCOTT GETZSCHMAN 1.00 X 0 0 0 MARILYN OLSON 1.00 X 0 0 0 DAVID DEFREESE 1.00 X 0 0 0 STEVEN FEYE 1.00 X 0 0 0 MICHAEL GREUNKE 1.00 X 0 0 0 GARY PERKINS 1.00 X 0 0 0 STEVE NAVARRETTE 1.00 X 0 0 0 JODI RINNE 1.00 X 0 0 0 RICK SPALDING 1.00 X 0 0 0 ROGER THOMPSON 1.00 X 0 0 0 Roger Lambourn 1.00 X 0 0 0 Dr Mark Foxall 1.00 X 0 0 0 Dr Melody Denson 1.00 X 0 0 0 Mike Pirtle 1.00 X 0 0 0 steVE FRITZ 40.00 X 0 0 0 Dr Henry Smorynski 40.00 X 107171 0 23222 jodI BENJAMIN 40.00 X 89564 0 18627 dr vance Valerio 40.00 X 89250 0 2772 Ben Sasse 40.00 X 0 0 0 285985 0 44621 1 0 0 0 Sodexho 731 21st Avenue South minneapolis MN 55454 Food Service 821491 PLatte Strategy Consulting 1801 Lavaca Street Austin TX 78701 Consulting 422500 FBG SERVICE CORPORATION 407 SOUTH 27TH AVENUE OMAHA NE 68131 CLEANING SERVICE 303916 Jenzabar PO Box 845939 Boston MA 02284 Information Technology 181911 George Dehne and Associates Inc 3331 Cotton Field Drive Mt Pleasant SC 29466 Consulting 114548 5 17850 408137 2948710 7660 3374697 Tuition and Fees 611710 14845257 14845257 Auxiliary enterprises 611710 1850956 1850956 Other Sources 611710 533207 533207 Sales and services of 611710 34934 34934 17264354 262413 262413 2568 2568 0 0 2927380 2875351 52029 52029 52029 13110 17850 18839 -5729 -5729 20947764 17264354 0 308713 7329837 7329837 523615 392711 130904 6159342 4211685 1795137 152520 28149 19248 8204 697 1438530 983650 419259 35621 441250 301722 128602 10926 26993 18458 7867 668 59873 40940 17450 1483 28904 28904 37742 5660 31877 205 609104 416498 177523 15083 220323 150654 64213 5456 137805 94230 40163 3412 211786 144817 61725 5244 930789 636462 271278 23049 171180 117051 49890 4239 1185049 810322 345382 29345 1314844 899074 383211 32559 109812 75088 32005 2719 Misc. Administration Co 627943 429380 183014 15549 Auxiliary 615482 420859 179382 15241 Institutional Advanceme 586212 400845 170851 14516 Student Services 515482 352480 150237 12765 Instruction 423723 289737 123494 10492 23733769 18148697 5033475 551597 1879248 907485 1083827 899256 305236 213376 3948326 3955225 16931 16357 43529551 15553561 28972461 27975990 11821589 10597493 136613 1686083 4325133 4437048 52489364 50688313 1817628 1727618 2732279 2684316 342483 330835 19020000 18540000 4882991 4409356 647464 622697 29442845 28314822 X 5778235 6601253 1672463 1888107 15595821 13884131 23046519 22373491 52489364 50688313 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 4391 0 0 0 4391 0 12726196 449736 2120696 772119 2224190 12300319 16441968 1022445 -3680853 1057364 12726196 0.14000 0.86000 0 0 3087177 3087177 34860866 10712305 24148561 5581508 4841256 740252 27975990 Cash surrender value of life insurance policies 455313 Deferred debt acquisition costs 394694 Beneficial interest in trust 1658134 Deposits held by trustees 1807623 Accrued interest and Miscellaneous 121284 4437048 Annuities Payable 265397 ASSET RETIREMENT OBLIGATION 357300 622697 20947764 23733769 -2786005 1996906 116071 2112977 -673028 15722847 1996906 -7213766 -5216860 20939707 29464 -21407 8057 20947764 16395875 21407 21407 16374468 29464 7329837 7359301 23733769 Part V, Line 4: Description of Intended Use of Endowment Funds: Midland Lutheran College's endowment fund is used to support students with scholarship funds and various other instructional programs. Part X: Description of Uncertain Tax Positions Under FIN 48: 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 significant unrecognized tax benefits identified or recorded as liabilities during fiscal year 2010. Open tax years subject to examination by the U.S. and state taxing authorities are for the years 2007 to 2009, which statutes expire in 2010 to 2012, respectively. Part XI, Line 8 - Other Adjustments: CHANGES IN BENEFICIAL INTEREST IN TRUSTS: 206586. ACTUARIAL ADJUSTMENT ON ANNUITIES PAYABLE: -22270. Loss on Contributions & Other Receivables: -68245. Part XII, Line 2d - Other Adjustments: ACTUARIAL ADJUSTMENT ON ANNUITIES PAYABLE: -22270. CHANGES IN BENEFICIAL INTEREST IN TRUSTS: 206586. Grants: -7329837. Loss on Contributions & Other Receivables: -68245. Part XII, Line 4b - Other Adjustments: RENTAL PROPERTY EXPENSES: -2568. FUNDRAISER EXPENSES: -18839. Part XIII, Line 2d - Other Adjustments: RENTAL PROPERTY EXPENSES: 2568. FUNDRAISER EXPENSES: 18839. Part XIII, Line 4b - Other Adjustments: Grants: 7329837. 1 1 1 THE COLLEGE'S NONDISCRIMINATORY POLICY IS INCLUDED IN THE STUDENT HANDBOOK, THE ACADEMIC CATALOG AND ON THE COLLEGE'S WEBSITE; ALL OF WHICH ARE AVAILABLE TO THE COLLEGE COMMUNITY. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE COLLEGE RECEIVES SUPPORT FROM THE STATE AND FROM THE UNITED STATES GOVERNMENT IN CONNECTION WITH STUDENT AID PROGRAMS SUCH AS FEDERAL WORK-STUDY PROGRAMS, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND PERKINS LOAN FUNDS. THE COLLEGE ALSO RECEIVES VARIOUS OTHER FEDERAL AND STATE EDUCATIONAL AND RESEARCH GRANTS OR SUBSIDIES. 1 X X X X X X X 1 The Steier Group Fundraising, Grant writing 0 0 28904 28904 28904 28904 NE MLC Golf Classic 30960 17850 13110 450 3887 9598 4613 291 30960 17850 13110 450 3887 9598 4613 291 18839 -5729 1 Scholarships and grants provided as financial aid to students- see college for detailed list 760 7329837 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Midland Lutheran College OFFERS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS TO HELP REDUCE THEIR OUT-OF-POCKET TUITION COSTS. STUDENTS RECEIVING FINANCIAL ASSISTANCE OF THIS FORM MUST MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS WHETHER PUT IN PLACE BY THE COLLEGE OR BY DONORS OF RESTRICTED FUNDS. X 0 0 X X X 0 0 0 0 0 0 0 0 0 Part I, Line 1b Midland Lutheran College doesn't have a reimbursement policy regarding the health club benefit due to the fact that this isn't a reimbursable expense, but rather an employee benefit provided to all of our employees. Nebraska educational finance authority 521293953 63966PkC7 2003-05-07 6297928 Capital improvements 0 0 Nebraska educational finance authority 521293953 63966PNK6 2004-12-16 10337393 Capital improvements 0 0 6328626 630234 126000 5572392 2005 0 0 1 1 10681344 797640 195270 9688434 2008 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 MBIA Inc 26.400000000000 1 0 1 0 0 0 1 Morgan Stanley Flexible 26.800000000000 1 0 1 Ron Kranz and Doug Heim Former Trustees 224552 During 2009, Midland Lutheran College refinanced a note payable through First State Bank and Trust. Ron Kranz, former trustee at Midland Lutheran College was the President at First State Bank and Trust. Doug Heim, former trustee at Midland Lutheran College, was the President at American National Bank, who partnered with First State Bank and Trust. The outstanding balance of the note payable is $4,241,300 as of June 30, 2010. Midland Lutheran College paid First State Bank and Trust $224,552 in interest related to this note. The transaction was consummated in an arm's length transaction and occurred in the ordinary course of business. 0 Form 990, Part III, line 2 New Program Services Started the Masters of Education program in January 2010. Form 990, Part VI, Section A, line 4 The Organization's articles of incorporation were amended as a result of an institutional name change. The name change occurred in tax year 2010. Form 990, Part VI, Section B, line 11 Form 990 is prepared by the college controller and reviewed by the VP for Finance and Administration. Once a good draft of the Form 990 is prepared it is reviewed by the Board of Trustees. Form 990, Part VI, Section B, line 12c The Board of Trustees is asked to sign a conflict of interest statement on an annual basis. Form 990, Part VI, Section B, line 15 Board approves the Presidential compensation, employment contracts and all annual salary increases. Board is informed of managements salary when there is a new hire. Form 990, Part VI, Section C, line 19 Available upon request if deemed reasonable by the institution. PART XI, LINE 2C No Change from the Prior Year. Schedule K Supplental Information Schedule K - Part IV, Column B, line 4c = Construction Fund - 2.0 years, Reservce Fund - 24.8 years County of Dodge Head Start 900 N Clarkson St Fremont NE 68025 470493797 Education to preschool childrent NE 501(c)(3) Line 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 County of Dodge Head Start P 12500