Wisconsin Lutheran College
- Assets
- $138.7m
- Revenue
- $53.6m
- Investments
- $17.3m
- Employees
- 825
- Location
- Milwaukee, WI
- Founding
- 01/1966
- Data as of
- 06/2021
- EIN
- 23-7179639
Organization Overview
Wisconsin Lutheran College is located in Milwaukee, WI. The organization was established in 1966. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Wisconsin Lutheran College employed 825 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Wisconsin Lutheran College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Wisconsin Lutheran College generated $53.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $45.9m during the year ending 06/2021. While expenses have increased by 0.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WISCONSIN LUTHERAN COLLEGE IS A PRIVATE, FOUR-YEAR LIBERAL ARTS COLLEGE.
Describe the Organization's Program Activity:
INSTRUCTION AND ACADEMIC SUPPORT: WISCONSIN LUTHERAN COLLEGE OFFERS NATIONALLY RANKED ACADEMIC PROGRAMS IN A CHRISTIAN ENVIRONMENT. STUDENTS PARTICIPATE IN SMALL CLASSES AND RECEIVE ONE-ON-ONE MENTORING FROM PROFESSORS. WLC DOES NOT USE TEACHING ASSISTANTS. THE COLLEGE PREPARES ITS 1,200 TRADITIONAL, ADULT, AND GRADUATE STUDENTS TO BE CHRISTIAN SERVANT LEADERS IN THEIR CHOSEN ACADEMIC FIELDS. TRADITIONAL UNDERGRADUATE STUDENTS CAN CHOOSE TO MAJOR OR MINOR IN VARIOUS PROGRAMS, INCLUDING BUSINESS, NURSING, EDUCATION, SPORT AND EXERCISE SCIENCE, AND BIOLOGY. WLC ALSO OFFERS FIVE PRE-PROFESSIONAL PROGRAMS, INCLUDING PRE-LAW, PRE-VETERINARY, PRE-ENGINEERING, PRE-MEDICAL, AND PRE-DENTAL. WLC HAS FORGED PARTNERSHIPS WITH RENOWNED COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY TO PROVIDE DUAL DEGREE OPPORTUNITIES FOR STUDENTS. DUAL DEGREE AFFILIATIONS ALLOW STUDENTS TO EARN TWO DEGREES, AN UNDERGRADUATE DEGREE FROM WLC, AND A GRADUATE DEGREE FROM ANOTHER COLLEGE OR UNIVERSITY. MANY PROGRAMS OFFER STUDENTS THE ABILITY TO CONDENSE THEIR TIME IN SCHOOL (OFTEN A YEAR OR MORE), SAVING THEM MONEY ON TUITION COSTS AND ALLOWING THEM TO ENTER THE WORKPLACE SOONER. THE DUAL DEGREE PROGRAMS AT WLC INCLUDE ATHLETIC TRAINING, CHIROPRACTIC CARE, DENTISTRY, ENGINEERING, EXERCISE PHYSIOLOGY, LAW, OCCUPATIONAL THERAPY, OPTOMETRY, OSTEOPATHIC MEDICINE, PHARMACY, PHYSICAL THERAPY, PODIATRY, PUBLIC HEALTH, AND RESPIRATORY CARE.
AUXILIARY ENTERPRISES AND STUDENT SERVICES: THROUGH THE OFFICE OF RESIDENCE LIFE, WISCONSIN LUTHERAN COLLEGE OFFERED GUIDANCE, SUPPORT, ACTIVITIES, AND CAMPUS HOUSING TO 632 STUDENTS WHO LIVED IN 44 COLLEGE-OWNED BUILDINGS IN 2020-2021. EXTERNAL NON-PROFIT ORGANIZATIONS AND CAMP ATTENDEES ALSO UTILIZED CAMPUS HOUSING DURING THE SUMMER. THE COLLEGE MANAGES DINING FACILITIES FOR ITS RESIDENT STUDENTS, COMMUTERS, FACULTY, STAFF, GUESTS, AND OUTSIDE GROUPS THAT HOLD EVENTS AND CONFERENCES AT THE COLLEGE.
PUBLIC SERVICE AND INSTITUTIONAL: WISCONSIN LUTHERAN COLLEGE SERVES ITS COMMUNITY THROUGH A VARIETY OF PROGRAMS. STUDENTS PERFORM SERVICE PROJECTS LOCALLY, NATIONALLY, AND INTERNATIONALLY THROUGH THE OFFICE OF CAMPUS MINISTRY, CENTER FOR CHRISTIAN LEADERSHIP, NEW FRIENDS, AND OTHER CAMPUS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Daniel Johnson President | Officer | 40 | $157,627 |
Dr John Kolander Provost | Officer | 40 | $109,105 |
Rich Mannisto VP Of Advancement | Officer | 40 | $80,162 |
Gary Schmid VP Finance | Officer | 40 | $74,247 |
Kent Raabe Secretary | OfficerTrustee | 1.3 | $0 |
Dr William Raasch Vice Chairman | OfficerTrustee | 1.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Food Services | 6/29/21 | $701,108 |
Trinity Home Group Llc Maintenance/housekeeping | 6/29/21 | $1,771,769 |
Arena Event Services Inc Event Services | 6/29/21 | $220,144 |
Gordon Food Service Inc Food Services | 6/29/21 | $317,049 |
Gfc Leasing Printer/copier Maintenance | 6/29/21 | $170,574 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $370,778 |
| Related organizations | $0 |
| Government grants | $4,270,695 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,586,126 |
| Noncash contributions included in lines 1a–1f | $125,926 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,227,599 |
| Total Program Service Revenue | $36,338,614 |
| Investment income | $1,511,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $32,686 |
| Net Rental Income | $161,503 |
| Net Gain/Loss on Asset Sales | $338,134 |
| Net Income from Fundraising Events | -$577,086 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,083 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,572,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,195,620 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $652,744 |
| Compensation of current officers, directors, key employees. | $116,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,447,204 |
| Pension plan accruals and contributions | $758,066 |
| Other employee benefits | $2,149,442 |
| Payroll taxes | $755,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,947 |
| Fees for services: Accounting | $50,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,442 |
| Fees for services: Other | $0 |
| Advertising and promotion | $348,557 |
| Office expenses | $1,123,218 |
| Information technology | $1,251,392 |
| Royalties | $0 |
| Occupancy | $1,608,114 |
| Travel | $97,913 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,213 |
| Interest | $591,349 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,129,514 |
| Insurance | $301,291 |
| All other expenses | $3,032,318 |
| Total functional expenses | $45,871,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,122,480 |
| Savings and temporary cash investments | $7,632,958 |
| Pledges and grants receivable | $2,146,615 |
| Accounts receivable, net | $570,443 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,499 |
| Prepaid expenses and deferred charges | $22,659 |
| Net Land, buildings, and equipment | $82,190,300 |
| Investments—publicly traded securities | $26,664,207 |
| Investments—other securities | $17,323,036 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $921,142 |
| Total assets | $138,651,339 |
| Accounts payable and accrued expenses | $368,737 |
| Grants payable | $0 |
| Deferred revenue | $430,471 |
| Tax-exempt bond liabilities | $45,830,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,568,114 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $772,717 |
| Total liabilities | $61,970,039 |
| Net assets without donor restrictions | $38,281,432 |
| Net assets with donor restrictions | $38,399,868 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $138,651,339 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Wisconsin Lutheran College has recieved totaling $5,307,946.
| Awarding Organization | Amount |
|---|---|
Marvin M Schwan Charitable Foundation Earth City, MO PURPOSE: religious land and buildings | $4,200,000 |
Stimac Family Foundation Houston, TX PURPOSE: GENERAL FUNDFUND SCHOLARSHIPSFOR 2 STUDENTS | $333,000 |
Stimac Family Foundation Houston, TX PURPOSE: ANNUAL FUND,GRENADA MISSIONGRENADA SCHOOL | $303,000 |
Raabe Foundation Pewaukee, WI PURPOSE: RAABE HOPE DIVERSITY SCHOLARSHIP, RAABE FAMILY BUSINESS SCHOLARSHIP AND HERB & ERNA NITSCHKE SCHOLARSHIP | $98,000 |
Rockley Family Foundation Inc Golden, CO PURPOSE: Education of Students | $87,194 |
Siebert Lutheran Foundation Inc Milwaukee, WI PURPOSE: CENTER FOR CHRISTIAN LEADERSHIP OPERATIONAL FUNDING, CHRISTIAN LEADERSHIP PROGRAM | $62,801 |
Endowment Analysis
| Beg. Balance | $32,330,140 |
| Earnings | $7,219,437 |
| Net Contributions | $655,881 |
| Other Expense | $1,400,000 |
| Ending Balance | $38,805,458 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concordia College Corporation Moorhead, MN | $403,850,675 | $127,833,637 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
Albion College Albion, MI | $280,606,342 | $106,439,083 |
College Of St Scholastica Inc Duluth, MN | $228,173,776 | $117,585,202 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
College Of St Benedict Business Off Saint Joseph, MN | $251,991,111 | $110,041,062 |
Kalamazoo College Kalamazoo, MI | $383,146,506 | $96,754,584 |
St Norbert College Inc De Pere, WI | $336,117,917 | $103,405,590 |
University Of Northwestern-St Paul St Paul, MN | $144,732,947 | $110,000,439 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |