2026-05-14T09:21:22-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-07-01 390821861 LAKELAND UNIVERSITY LAKE 9205651000 W3718 SOUTH DR PLYMOUTH WI 53073 ELIZABETH BORGEN PRESIDENT 9205651000 2026-05-13 1 1 ANN NEIL P01817922 6123764500 2026-05-13 2024 2025-03-06 01:10:19Z ELIZABETH BORGEN W3718 SOUTH DR PLYMOUTH WI 53073 57187228 0 X WWW.LAKELAND.EDU X 1862 WI LAKELAND UNIVERSITY EDUCATES INDIVIDUALS OF DIVERSE BACKGROUNDS. 25 24 772 24 0 0 10092613 3974525 37736104 34362203 -1452 2488798 1536442 1104205 49363707 41929731 13974042 13919063 0 0 18773724 17555759 0 0 496645 18488409 14739445 51236175 46214267 -1872468 -4284536 69657741 88360427 46228999 46473355 23428742 41887072 X LAKELAND UNIVERSITY EDUCATES INDIVIDUALS OF DIVERSE BACKGROUNDS, PREPARING THEM TO THINK CRITICALLY, TO COMMUNICATE EFFECTIVELY, TO SUCCEED PROFESSIONALLY, AND TO LEAD ETHICAL, PURPOSEFUL, AND FULFILLING LIVES. ROOTED IN THE VALUES OF THE UNITED CHURCH OF CHRIST, LAKELAND INTEGRATES THE LIBERAL ARTS AND EXPERIENTIAL LEARNING TO DEVELOP THE WHOLE PERSON FOR SUCCESS IN A DYNAMIC, MULTI-FACETED WORLD. 0 0 21506789 0 1749949 ACADEMIC SUPPORT EXPENSES PROVIDE FUNDING FOR ADMINISTRATIVE OVERSIGHT IN ACADEMIC PROGRAMMING, LIBRARY SERVICES, TUTORING, ACCREDITATION, INSTRUCTIONAL DESIGN AND COMPUTING. ADDITIONALLY, STUDENT SERVICES EXPENSES PROVIDE FUNDING TO STUDENTS INCLUDING FOR ATHLETICS, HEALTH SERVICES, REGISTRATION, FINANCIAL AID, AND SECURITY. 12237280 13919063 30368399 INSTRUCTION AND RELATED ACTIVITIES INCLUDE EXPENDITURES FOR ALL INSTRUCTION COSTS, INCLUDING GRANTS, AND RELATED ACTIVITIES. 7076897 0 3378383 AUXILIARY SERVICES INCLUDE EXPENDITURES FOR DINING SERVICES, RESIDENCE LIFE, AND RELATED ACTIVITIES. 40820966 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 2791 0 1 772 1 0 1 JA 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 WI X X ELIZABETH BORGEN 9205651000 W3718 SOUTH DR PLYMOUTH WI 530734878 ELIZABETH BORGEN PRESIDENT 50.00 1.00 X X 221524 0 8290 LEILI AFSAH HEJRI ASST. PROFESSOR, CHEMISTRY & FSQ 50.00 0.00 X 131879 0 27796 JOSHUA KUTNEY VP ACAD. AFFAIRS, DEAN OF COLLEGE 50.00 0.00 X 155220 0 2263 JAMES JONES VP OF HUMAN RESOURCES 50.00 0.00 X 140203 0 11951 JONATHAN FELD VP OF ENROLLMENT MANAGEMENT 50.00 0.00 X 127918 0 19073 APRIL ARVAN PROF. SPORT MGMT, ASSOC. DIR. ATH. 50.00 0.00 X 128167 0 8966 JOHN YANG DIR. OF THE CTR OF TEACHER EXC. 50.00 0.00 X 111194 0 9901 GREG RUTZEN VP OF ADVANCEMENT 50.00 0.00 X 115911 0 3174 BRIAN FRINK VP OF LUJ & DEAN BUS./SCI./TECH. 50.00 0.00 X 97650 0 19650 BRITANNI MEINNERT ASSOC VP OF COOPERATIVE EDUCATION 50.00 0.00 X 105304 0 9005 PAUL PICKHARDT DEAN OF SCI., TECH., & EDU 50.00 0.00 X 112578 0 1599 LENORA STUCKMANN VP OF FINANCE & OPERATIONS, CFO 50.00 1.00 X 87826 0 17676 JEFFREY SPENCE CHAIRPERSON 0.50 0.50 X X 0 0 0 PAUL BARTELT VICE CHAIRPERSON 1.00 0.00 X X 0 0 0 BONITA GRAFF SECRETARY, TREASURER 0.50 0.50 X X 0 0 0 DEBRA ANSAY TRUSTEE 1.00 0.00 X 0 0 0 BRIAN BADURA TRUSTEE 1.00 0.00 X 0 0 0 CORY BOUCK TRUSTEE 1.00 0.00 X 0 0 0 STUART BROTZ TRUSTEE 1.00 0.00 X 0 0 0 CAITLIN BROTZ-MCNITT TRUSTEE (THROUGH OCTOBER 2024) 1.00 0.00 X 0 0 0 BENJAMIN DUKE TRUSTEE 1.00 0.00 X 0 0 0 RICHARD GAUMER TRUSTEE 0.50 0.50 X 0 0 0 PAUL GRIFFIN TRUSTEE 1.00 0.00 X 0 0 0 TRYG JACOBSON TRUSTEE 1.00 0.00 X 0 0 0 KEONA JONES TRUSTEE 1.00 0.00 X 0 0 0 IRVIN KAAGE TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL KLEIN TRUSTEE 1.00 0.00 X 0 0 0 JULIA KLIMKOVICH TRUSTEE 1.00 0.00 X 0 0 0 BARBARA LAMUE TRUSTEE 1.00 0.00 X 0 0 0 ROBERT LOFFREDO TRUSTEE 1.00 0.00 X 0 0 0 LOLA ROEH TRUSTEE 1.00 0.00 X 0 0 0 LAURA ROENTIZ TRUSTEE (THROUGH OCTOBER 2024) 1.00 0.00 X 0 0 0 REV STEPHEN SAVIDES TRUSTEE (THROUGH OCTOBER 2024) 1.00 0.00 X 0 0 0 DAVID SENTY TRUSTEE 1.00 0.00 X 0 0 0 BARBARA LOGAN SMITH TRUSTEE 1.00 0.00 X 0 0 0 KASHOUA KRISTY YANG TRUSTEE 1.00 0.00 X 0 0 0 1535374 0 139344 13 0 1 0 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 28260 RECRUITMENT SERVICES 1009818 CDW GOVERNMENT 230 N MILWAUKEE AVE VERNON HILLS IL 60061 COMPUTER SERVICES 348519 KONZ ELECTRIC LLC PO BOX 290 SHEBOYGAN FALLS WI 54307 ELECTRICAL SERVICES 318316 PREVEA HEALTH PO BOX 19070 GREEN BAY WI 54307 HEALTH SERVICES 313260 CAMERA CORNER 529 N MONROE AVE GREEN BAY WI 54301 MEDIA CONNECTION SERVICES 189782 5 23108 332092 104432 3514893 380320 3974525 EDUCATION, TUITION, AND FEES 611600 30368399 30368399 AUXILIARY SERVICES 611600 3378383 3378383 OTHER PROGRAM REVENUE 611710 405811 405811 JAKE 611710 115585 115585 LAUNCH 611710 94025 94025 34362203 2403081 2403081 13929690 13843973 85717 85717 85717 25500 23108 55823 -30323 -30323 2492229 1357701 1134528 1134528 41929731 35496731 0 2458475 13919063 13919063 1136857 1136857 12454071 11961212 199499 293360 306197 273488 26948 5761 2701771 2358175 290545 53051 956863 821870 117682 17311 2833 2833 99652 99652 108053 108053 3094173 2258845 764633 70695 556500 538124 16063 2313 441918 354285 77188 10445 669952 464173 202923 2856 593150 539677 53473 894933 821288 55982 17663 1010982 657458 353524 3594996 3490822 92457 11717 347195 347195 MAINTENANCE & REPAIRS 2518362 2250425 259257 8680 BAD DEBT EXPENSE 473910 473910 MEMBERSHIPS 172328 54970 114993 2365 160508 57091 102989 428 46214267 40820966 4896656 496645 452571 444771 5209118 425780 1312061 6005032 1104622 154916 159087 284472 87961 113235876 61860699 53524539 51375177 6943029 28039654 1777035 718343 69657741 88360427 5530377 7802530 50600 61183 2489750 1736239 35251383 34509115 2906889 2364288 46228999 46473355 X 18677055 18440877 4751687 23446195 23428742 41887072 69657741 88360427 X -4284536 632324 1917382 20193160 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 189428 X X 0 19899969 498849 1769215 4020887 18147146 19304540 2065484 167751 1637806 19899969 18777358 1344004 1847854 2618365 46311 19304540 21415099 841163 -2900665 534051 44188 18777358 17508531 359286 3956407 348231 60894 21415099 0.01671 0.83612 0.14717 0 1 1 1814189 1814189 86989541 41938306 45051235 305489 287494 17995 23112414 18826977 4285437 1014243 807922 206321 51375177 POST RETIREMENT 704411 ASSETS RETIREMENT OBLIGATION 692901 ANNUITY OBLIGATIONS 134865 STUDENT DEPOSITS 81946 AGENCY FUNDS 449592 LEASE LIABILITIES 300573 2364288 X 34881251 632324 4932788 5565112 29316139 108053 12505539 12613592 41929731 37169713 3569038 3569038 33600675 108053 12505539 12613592 46214267 PART III, LINE 1A: WORKS OF ART ARE INCLUDED WITH THE UNIVERSITY'S ASSETS, AND ON DISPLAY ON CAMPUS FOR PUBLIC VIEWING PART III, LINE 4: WORKS OF ART ARE INCLUDED WITH THE UNIVERSITY'S ASSETS, AND ON DISPLAY ON CAMPUS FOR PUBLIC VIEWING. NO OTHER NOTICEABLE CHANGES IN THIS AREA. PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUNDS IS TO SUBSIDIZE SCHOLARSHIPS, PROFESSORSHIPS, AND GENERAL OPERATIONS OF THE UNIVERSITY USING INVESTMENT INCOME TRANSFERRED TO LAKELAND UNIVERSITY ANNUALLY BY THE FOUNDATION. PART X, LINE 2: THE UNIVERSITY AND THE FOUNDATION ARE EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 71.26(1)(A) OF THE WISCONSIN STATUTES, RESPECTIVELY. HOWEVER, THE UNIVERSITY IS SUBJECT TO INCOME TAXES ON ANY INCOME THAT IS DERIVED FROM A TRADE OF BUSINESS REGULARLY CARRIED ON AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS NET INCOME, IF ANY, FROM UNRELATED TRADE OR BUSINESS IS INSIGNIFICANT. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025 AND 2024. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CURRENCY TRANSLATION 122,074. ACCRETION ADJUSTMENT -157,668. ACTUARIAL LIABILITY 28,967. FOUNDATION REVENUE REPORTED ON SEPARATE RETURN 421,892. JAPAN REVENUE REPORTED ON SEPARATE RETURN 4,517,523. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 13,919,063. COST OF GOODS SOLD -1,357,701. FUNDRAISING EXPENSES -55,823. PART XII, LINE 2D - OTHER ADJUSTMENTS: JAPAN REVENUE REPORTED ON SEPARATE RETURN 3,569,038. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 13,919,063. COST OF GOODS SOLD -1,357,701. FUNDRAISING EXPENSES -55,823. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL APPLICATIONS AND ADVERTISING CONTAIN STATEMENTS AS TO THE NONDISCRIMINATORY POLICY OF THE UNIVERSITY. SCHEDULE E, PART I, LINE 6 LAKELAND UNIVERSITY RECEIVES FEDERAL GRANTS, FEDERAL WORK STUDY, OUTSIDE GRANTS, AND STATE GRANTS. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 72 PROGRAM SERVICES UNIVERSITY EDUCATION 3576281 1 72 0 0 1 72 3576281 0 3576281 0 0 1 0 0 0 BLASTERS GOLF TOURNAMENT 48608 23108 25500 55823 48608 23108 25500 55823 55823 -30323 1 OUTSIDE GRANTS 1503 13919063 0 N/A N/A PART I, LINE 2: ALL GRANTS ARE DISBURSED TO THE STUDENTS ACCOUNTS DIRECTLY, ACCORDING TO GOVERNMENT REGULATIONS. ALL OUTSIDE GRANTS ARE APPLIED TO THE STUDENTS ACCOUNTS AS PER THE INSTRUCTIONS FROM THE GRANTOR. LAKELAND UNIVERSITY'S FINANCIAL AID DEPARTMENT MONITORS ALL GRANTS AND SCHOLARSHIPS USING POWERFAIDS SOFTWARE WHICH IS VERIFIED WITH COD BEFORE DISBURSEMENTS ARE PROCESSED FOR OUTSIDE AND OTHER INSTITUTIONAL AID. THE FINANCIAL AID DEPARTMENT FOLLOWS THE SAME PROCEDURES. X 1 1 X X 0 0 0 0 0 0 0 0 0 ELIZABETH BORGEN PRESIDENT 211524 0 0 0 10000 0 3194 0 5096 0 229814 0 0 0 LEILI AFSAH HEJRI ASST. PROFESSOR, CHEMISTRY & FSQ 85637 0 0 0 46242 0 460 0 27336 0 159675 0 0 0 JOSHUA KUTNEY VP ACAD. AFFAIRS, DEAN OF COLLEGE 155220 0 0 0 0 0 2238 0 25 0 157483 0 0 0 JAMES JONES VP OF HUMAN RESOURCES 130078 0 0 0 10125 0 1543 0 10408 0 152154 0 0 0 PART I, LINE 1A PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AND RESIDE IN THE PRESIDENT'S HOUSE. ANSAY & ASSOCIATES BOARD TRUSTEE DEBRA A. ANSAY HUSBAND OWNS ANSAY & ASSOCIATES 39939 INSURANCE SERVICES 0 X 6 322320 FMV X STEINWAY PIANO 1 50000 FMV X POOL TABLE 1 8000 FMV 0 0 0 0 PART I, COLUMN (B): COLUMN B IS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A EACH BOARD MEMBER HAS ONE VOTE. THERE IS A WIDE VARIETY OF BACKGROUND. THE BOARD OF TRUSTEES HAS FIDUCIARY AUTHORITY OVER STRATEGIC DECISION MAKING OVER THE ORGANIZATION. THERE SHALL BE AN EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONSISTING OF THE CHAIR, VICE CHAIR, TREASURER, AND SECRETARY, AS WELL AS CHAIRS OF THE FINANCE, INFRASTRUCTURE, & ADMINISTRATION, COMMITTEE, AUDIT COMMITTEE, TRUSTEESHIP & HUMAN CAPITAL COMMITTEE, AND OTHER COMMITTEE CHAIRS THE BOARD MAY ESTABLISH. THE BOARD MAY ALSO ELECT ONE OF ITS MEMBERS AS AN ALTERNATE MEMBER OF THE EXECUTIVE COMMITTEE IN PLACE OF ANY ABSENT MEMBERS, UPON REQUEST OF THE CHAIR OF THE BOARD. THE EXECUTIVE COMMITTEE MAY EXERCISE ALL POWERS OF THE BOARD IN MANAGEMENT OF THE UNIVERSITY, EXCEPT ACTIONS IN ELECTION OF OFFICERS, FILLING VACANCIES IN THE BOARD OR EXECUTIVE COMMITTEE, AND ANY OTHER MATTER WHICH THE BOARD OF TRUSTEES EXPRESSLY ORDERS WITHHELD FROM THE AUTHORITY OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE FINANCE COMMITTEE ARE PROVIDED WITH THE DRAFT OF THE 990 BEFORE FILING FOR REVIEW. FURTHER, THE 990 IS MADE AVAILABLE FOR ALL BOARD MEMBERS, PUBLISHED ON THE TRUSTEE PORTAL AND NOTIFICATIONS ARE SENT TO ALL TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY'S CONFLICT OF INTEREST POLICY APPLIES TO ALL OF ITS OFFICERS AND TRUSTEES. THE POLICY REQUIRES ALL INTERESTED PERSONS DISCLOSE ANY PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIPS THAT MAY GIVE RISE TO A CONFLICT OF INTEREST, AS WELL AS ANY OTHER SITUATION THAT COULD AFFECT THEIR INDEPENDENT, UNBIASED JUDGEMENT IN THEIR DECISION-MAKING AUTHORITY AND RESPONSIBILITY. THE FULL BOARD REVIEWS ALL POTENTIAL CONFLICTS OF INTEREST. WHEN A TRUSTEE IS DETERMINED TO HAVE A CONFLICT OF INTEREST, THEY MUST REFRAIN FROM PARTICIPATING IN ANY DISCUSSION OR CONSIDERATION OF THE INTERESTED TRANSACTION. ADDITIONALLY, UPON THE MAJORITY VOTE OF THE BOARD OR AT THE REQUEST OF THE BOARD CHAIR, THE INTERESTED TRUSTEE MUST BE EXCUSED FROM THE MEETING WHICH THE INTERESTED TRANSACTION OR CONFLICT IS CONSIDERED AND DISCUSSED, UNLESS THE BOARD REQUESTS INFORMATION FOR INTERPRETIVE OR SPECIAL REASONS. IN THE EVENT THAT THE BOARD OR EXECUTIVE COMMITTEE IS REQUIRED TO VOTE ON THE CONFLICT OF INTEREST, THE INTERESTED TRUSTEE SHALL NOT BE PRESENT AT THE TIME OF THE VOTE. THE RESULTS OF THE BOARD'S DELIBERATIONS ARE DOCUMENTED IN ITS MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 LAKELAND'S HR DEPARTMENT PROVIDES THE CHAIRMAN OF THE BOARD COMPARATIVE DATA. LAKELAND'S POLICY AND RECOMMENDATIONS ARE REVIEWED BY THE CHAIRPERSON AND ARE DISCUSSED WITH THE EXECUTIVE COUNCIL IF NECESSARY. LAKELAND'S HR DEPARTMENT PROVIDES THE PRESIDENT COMPARATIVE DATA AND THE SALARIES ARE REVIEWED ANNUALLY THROUGH THE BUDGET CYCLE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ACCRETION EXPENSE -157,668. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 28,967. TRANSFER OF ASSETS FROM FOUNDATION 20,321,861. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. LAKELAND UNIVERSITY FOUNDATION INC W3718 SOUTH DRIVE PLYMOUTH WI 53073 391655132 TO PROVIDE SCHOLARSHIPS TO LAKELAND UNIVERSITY WI 501(C)(3) LINE 7 LAKELAND UNIVERSITY 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0