Lakeland University Inc
- Assets
- $63.4m
- Revenue
- $50.2m
- Investments
- $0.0
- Employees
- 942
- Location
- Plymouth, WI
- Founding
- 11/1957
- Data as of
- 06/2021
- EIN
- 39-0821861
Organization Overview
Lakeland University Inc is located in Plymouth, WI. The organization was established in 1957. 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, Lakeland University Inc employed 942 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeland University Inc 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, Lakeland University Inc generated $50.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $51.0m during the year ending 06/2021. While expenses have increased by 1.9% 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
LAKELAND UNIVERSITY EDUCATES INDIVIDUALS OF DIVERSE BACKGROUNDS.
Describe the Organization's Program Activity:
INSTRUCTION AND RELATED ACTIVITIES INCLUDE EXPENDITURES FOR ALL INSTRUCTION COSTS, INCLUDING GRANTS, AND RELATED ACTIVITIES.
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.
AUXILIARY SERVICES INCLUDE EXPENDITURES FOR DINING SERVICES, RESIDENCE LIFE, AND RELATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David R Black President | Officer | 50 | $186,438 |
M Scott Niederjohn Sr VP Of Administration | Officer | 50 | $179,624 |
Elizabeth Borgen Executive Vice President | Officer | 50 | $155,621 |
Margaret Albrinck Provost | 50 | $138,195 | |
Amy Wirtz VP Of Finance And Operations | Officer | 50 | $116,298 |
Joshua Kutney VP Of Academic Affairs, Dean Of College | Officer | 50 | $113,495 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcmahon Associates Construction Of Residence Halls | 6/29/21 | $835,339 |
The Boldt Company Construction Of Residence Halls | 6/29/21 | $752,390 |
Maguire Tank Inc Construction Of Water Tower | 6/29/21 | $505,800 |
Camera Corner Technology | 6/29/21 | $501,950 |
Cdw Government Technology | 6/29/21 | $361,086 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,430 |
| Related organizations | $348,231 |
| Government grants | $2,558,709 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,077,127 |
| Noncash contributions included in lines 1a–1f | $30,162 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,011,497 |
| Total Program Service Revenue | $43,690,905 |
| Investment income | $256,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$55,913 |
| Net Gain/Loss on Asset Sales | $7,706 |
| Net Income from Fundraising Events | $15,759 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,252,062 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,178,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,743,470 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,213,653 |
| Compensation of current officers, directors, key employees. | $795,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,797,376 |
| Pension plan accruals and contributions | $482,288 |
| Other employee benefits | $3,606,412 |
| Payroll taxes | $1,047,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,995 |
| Fees for services: Accounting | $71,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,539 |
| Fees for services: Other | $1,290,270 |
| Advertising and promotion | $1,490,762 |
| Office expenses | $146,260 |
| Information technology | $646,814 |
| Royalties | $0 |
| Occupancy | $3,259,371 |
| Travel | $370,585 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $92,841 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,098,672 |
| Insurance | $343,331 |
| All other expenses | $551,192 |
| Total functional expenses | $51,020,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,290,084 |
| Pledges and grants receivable | $1,706,869 |
| Accounts receivable, net | $4,589,814 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $462,503 |
| Inventories for sale or use | $96,803 |
| Prepaid expenses and deferred charges | $364,505 |
| Net Land, buildings, and equipment | $40,549,428 |
| Investments—publicly traded securities | $10,947,548 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $399,043 |
| Total assets | $63,406,597 |
| Accounts payable and accrued expenses | $10,962,875 |
| Grants payable | $196,678 |
| Deferred revenue | $3,081,774 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,682,248 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,315,398 |
| Total liabilities | $29,238,973 |
| Net assets without donor restrictions | $29,959,852 |
| Net assets with donor restrictions | $4,207,772 |
| 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 | $63,406,597 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Lakeland University Inc has recieved totaling $809,134.
| Awarding Organization | Amount |
|---|---|
Kohler Trust For The Arts And Education Kohler, WI PURPOSE: DISTRIBUTED TRUST INCOME TO THE SCHOOL'S ENDOWMENT SUPPORTING KOHLER TEACHING SCHOLARS PROGRAM, LAKELAND PROMISE PROGRAM, COOPERATIVE EDUCATION TRANSPORTATION, EXPANDED COUNSELING SERVICES. | $250,000 |
Caerus Foundation Inc Northbrook, IL PURPOSE: HURVIS SCHOLARS PROGRAM | $120,000 |
Catherine B Stayer Family Foundation Inc Sheboygan, WI PURPOSE: OPERATING SUPPORT | $60,000 |
Doug & Carla Salmon Foundation Inc Appleton, WI PURPOSE: EDUCATION | $55,500 |
Melvin F Wagner Foundation Milwaukee, WI PURPOSE: SCHOLARSHIP | $42,962 |
Caerus Foundation Inc Northbrook, IL PURPOSE: HURVIS SCHOLARS CLASS OF 2026 | $30,000 |
Endowment Analysis
| Beg. Balance | $17,508,531 |
| Earnings | $3,956,407 |
| Admin Expense | $60,894 |
| Net Contributions | $359,286 |
| Grants | $348,231 |
| Ending Balance | $21,415,099 |
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 |