2024-01-08T06:30:09-07:00 2023-06-30 990 2022-07-01 381369604 LAWRENCE TECHNOLOGICAL UNIVERSITY LAWR 2482044000 21000 West Ten Mile Road Southfield MI 480751058 Linda Height VP of Finance and Admin. 2482042100 2024-01-10 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z LINDA L HEIGHT 21000 WEST TEN MILE RD SOUTHFIELD MI 480751058 82818657 0 X www.ltu.edu X 1932 MI A higher educational University by its mission to develop leaders through innovative and agile programs embracing theory and practice. The University's Vision is to be a preeminent private university producing leaders with an entrepreneurial spirit and global view. 17 16 1352 0 0 0 9264674 10671409 65457021 68543410 2898402 2985070 -416464 -457605 77203633 81742284 0 0 0 0 42601833 46243043 0 0 6522222 36386347 39979541 78988180 86222584 -1784547 -4480300 206424495 205364493 79628409 79159782 126796086 126204711 To develop leaders through innovative and agile programs embracing theory and practice. 0 0 50474650 0 61313331 Higher Education : Associates, Baccalaureate, Graduate Program Services were provided to 3,447 students and 600 received degrees. This activity contributes importantly to the University's purpose by providing funding for educational services at less than the aggregate costs of these services. This is the exempt purpose of the University. 697347 0 6517843 Higher Education : Campus apartments, residences, and residential services were provided for 938 students primarily in housing. These activities are important components for the University's primary exempt purpose of providing educational services. These activities include housing, cafeteria services, bookstore services, and other related services deemed necessary for the students. 9437044 0 712236 Higher Education : Student Activities - Academic associations, student government, recreational and athletic programs. Participation in various associations were used by 2,505 students. These activities are important components for the University's primary exempt purposes of providing educational services. These activities include library, copier, transcripts, fines and other various services. 0 0 0 60609041 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 673 0 1 1352 1 0 1 CA 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Linda Height 2482042100 21000 West Ten Mile Rd Southfield MI 480751058 TAREK SOBH PRESIDENT 40 0 X X X 737203 0 0 Nabil Grace Dean of Engineering 40 0 X X 403196 0 0 DANIEL RADOMSKI EXECUTIVE DIRECTOR OF ACCELERATOR 40 0 X X 366723 0 0 Linda Height Chief Financial Officer 40 0 X X X 241277 0 0 RICHARD HEIST PROVOST 40 0 X 240000 0 0 KARL DAUBMANN Dean of Architecture 40 0 X X 226425 0 0 Bahman Mirshab Dean of College of Management 40 0 X 223985 0 0 Lisa Kujawa Associate Provost 40 0 X 215618 0 0 KEVIN FINN VP OF PHILANTHROPY 40 0 X 213940 0 0 PATRICK NELSON INTERIM DEAN OF ARTS AND SCIENCES 40 0 X 179294 0 0 SRINIVAS KAMBHAMPATI Dean of Arts & Science 40 0 X X 174720 0 0 GREG CASCIONE VP OF PHILANTHROPY 40 0 X 105374 0 0 Victor A Saroki Board Member 1 0 X 0 0 0 Raymond Khan Board Member 1 0 X 0 0 0 David B Wohleen Board Member 1 0 X 0 0 0 Douglas E Ebert CHAIRMAN OF THE BOARD 3 0 X X 0 0 0 Larry D Lyons Board member 1 0 X 0 0 0 Mitchell Clauw Board Member 1 0 X 0 0 0 Daniel W Winey Board Member 1 0 X 0 0 0 DAVID NICHOLSON BOARD MEMBER 1 0 X 0 0 0 BETH HOWELL BAKER BOARD MEMBER 1 0 X 0 0 0 DR DONNA BELL BOARD MEMBER 1 0 X 0 0 0 JEFF LEMMER BOARD MEMBER 1 0 X 0 0 0 Christine Barman Board Member 1 0 X 0 0 0 Beverly Hannah-Jones Board Member 1 0 X 0 0 0 MARTIN MANNA DIRECTOR 1 0 X 0 0 0 NIKI KENNEDY MD DIRECTOR 1 0 X 0 0 0 3327755 0 0 80 1 1 0 YELLOW FLAG PRODUCTIONS 180 HIGH OAK ST BLOOMFIELD HILLS MI 48304 ADVERTISING 1297527 FRANK REWOLD AND SONS 333 EAST 2ND ST ROCHESTER MI 48307 CONSTRUCTION 427531 CENTERLINE ELECTRIC 26554 LAWRENCE CENTERLINE MI 48015 ELECTRIC SERVICES 402916 DEBUCK CONSTRUCTION 6805 AUBURN UTICA MI 48317 CONSTRUCTION 143630 COMPACT INFORMATION SERVICES PO BOX 61557 FORT MYERS FL 33906 IT SERVICES 159128 15 0 0 0 0 4014774 6656635 0 10671409 68543410 68543410 0 0 68543410 2985070 2985070 0 0 0 0 0 0 0 0 0 0 618768 0 1076373 0 -457605 0 -457605 -457605 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 0 0 0 81742284 71070875 0 0 X 0 0 0 0 0 0 0 0 2363620 1032900 1116780 213940 0 0 0 0 38878178 29248590 8380486 1249102 163569 264835 -115732 14466 2351806 1998197 257054 96555 2485870 2114688 267216 103966 0 0 0 0 126603 0 126603 0 180825 0 180825 0 1295 0 0 1295 0 0 0 0 0 0 0 0 0 0 638191 530306 13200 94685 3729821 3004176 612349 113296 1769157 1769157 0 0 0 0 0 0 2241332 1860874 180188 200270 2272828 1942139 253928 76761 0 0 0 0 3426350 1325190 2015216 85944 2389028 1662447 547666 178915 0 0 0 0 6027722 4471542 1074946 481234 740823 21806 719017 0 BAD DEBT EXPENSES 563183 0 563183 0 EQUIPMENT RENTAL 2579562 823800 1530758 225004 PRINTING PUBLICATIONS POSTAGE OTHER 514351 247193 54203 212955 MISCELLANEOUS COSTS 3310705 2653312 646954 10439 9467765 5637889 666481 3163395 86222584 60609041 19091321 6522222 8540010 3578851 0 0 1175109 1092307 7485578 7920182 0 0 0 0 283890 222337 0 0 1801336 2085883 220212097 116585201 104262169 103626896 77016769 80661231 5859634 6176806 0 0 0 0 0 0 206424495 205364493 18116232 17421320 188457 173208 5088922 5713232 54873114 54366739 0 0 0 0 0 0 0 0 1361684 1485283 79628409 79159782 X 57536125 56738963 69259961 69465748 126796086 126204711 206424495 205364493 X -4480300 4507694 0 0 0 -618769 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1295 1295 86222584 86223879 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 6970 6643 6338 1295 21246 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 47684469 883128 4404052 0 1769109 0 51202540 57917708 803051 -6982097 0 4054193 0 47684469 48664872 194907 11172696 0 2114767 0 57917708 50182268 595307 1392057 0 3504760 0 48664872 50359860 315346 2400593 0 2893531 0 50182268 0.02 0.55 0.43 0 0 1264174 0 1264174 159653007 0 71568259 88084748 11083271 0 7929438 3153833 48211645 0 37087504 11124141 0 0 0 0 103626896 0 DEPOSITS FROM STUDENTS 1485283 1485283 86707582 4507694 0 0 457604 4965298 81742284 0 0 0 81742284 87298957 0 0 0 1076373 1076373 86222584 0 0 0 86222584 Schedule D, Part V, Line 4 THE UNIVERSITY'S ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE B.O.D. TO FUNCTION AS ENDOWMENTS. PERMANENTLY RESTRICTED FUNDS ARE SUBJECTED TO DONOR IMPOSED RESTRICTIONS THAT RESOURCES BE MAINTAINED INDEFINITELY, BUT PERMITS THE UNIVERSITY TO USE OR EXPEND PART OF ALL OF THE INCOME DERIVED FROM THE DONATED ASSETS. TEMPORARY RESTRICTED ARE SUBJECTED TO DONOR IMPOSED RESTRICTIONS THAT PERMIT THE UNIVERSITY TO USE OR EXPEND THE ASSET EITHER BY THE PASSAGE OF TIME OR OTHER ACTIONS BY THE UNIVERSITY. BOARD DESIGNATED FUNDS ARE NEITHER PERMANENTLY RESTRICTED OR TEMPORARILY RESTRICTED BY DONOR IMPOSED STIPILATIONS. THSES FUNDS MAY BE DESIGINATED FOR SPECIFIC PURPOSES BY THE ACTION OF THE BOARD. Schedule D, Part XI, Line 2d CONSISTS OF NET RENTALS FROM HELD PROPERTIES. Schedule D, Part XII, Line 2d NET EXPENSES ON RENTALS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 THIS INFORMATION IS PART OF THE ADMISSION'S / REGISTRATION PROCESS, INCLUDING IT'S BROCHURES AND WEB SITE. Schedule E, Part I, Line 6 STUDENTS ARE AWARDED PELL GRANTS, FEDERAL WORK STUDIES, PERKIN LOANS, SEOG GRANTS, AND OTHERS WHICH THE UNIVERSITY RECEIVES FROM THE FEDERAL GOVERNMENT DIRECTLY AND APPLIES THE RECEIPTS TO THE STUDENT'S ACCOUNTS RECEIVABLE IN ACCORDANCE WITH THE RULES AND REGULATIONS SET FORTH BY THE GOVERNING BODIES. X 1 1 X 0 0 0 0 0 0 0 0 0 TAREK SOBH PRESIDENT 737203 0 0 0 0 0 4575 0 25248 0 767026 0 472848 0 Nabil Grace Dean of Engineering 403196 0 0 0 0 0 4575 0 20608 0 428379 0 455625 0 DANIEL RADOMSKI EXECUTIVE DIRECTOR OF ACCELERATOR 366723 0 0 0 0 0 45750 0 19955 0 432428 0 394802 0 Linda Height Chief Financial Officer 241277 0 0 0 0 0 3615 0 17457 0 262349 0 253495 0 Bahman Mirshab Dean of College of Management 223985 0 0 0 0 0 3345 0 28793 0 256123 0 259650 0 KARL DAUBMANN Dean of Architecture 226425 0 0 0 0 0 3390 0 18353 0 248168 0 244565 0 Lisa Kujawa Associate Provost 215618 0 0 0 0 0 3225 0 26682 0 245525 0 234903 0 KEVIN FINN VP OF PHILANTHROPY 213940 0 0 0 0 0 3195 0 14226 0 231361 0 0 0 PATRICK NELSON INTERIM DEAN OF ARTS AND SCIENCES 179294 0 0 0 0 0 2685 0 12282 0 194261 0 0 0 RICHARD HEIST PROVOST 240000 0 0 0 0 0 3600 0 15888 0 259488 0 0 0 Schedule J, Part I, Line 1a AN AUTOMOBILE AND HOUSING RESIDENCE IS FURNISHED FOR THE PRESIDENT OF THE UNIVERSITY. Schedule J, Part I, Line 3 THE BOARD OF DIRECTORS ARE RESPONSIBLE FOR DOCUMENTING THE UNIVERSITY'S PRESIDENT COMPENSATION WHICH IS DONE ANNUALLY. A MICHIGAN FINANCE AUTHORITY 383442443 2017-06-01 47038801 ADVANCE REFUND ON BOND 2000 AND 2001 AND FINANCE CONSTRUCTION OF STUDENT HOUSING ON CAMPUS 0 0 0 B MICHIGAN FINANCE AUTHORITY 383442443 2022-01-27 14477449 REFUND SERIES 2010 AND 2014 BOND ISSUE 0 0 0 A 16900000 0 47038801 3288884 1222987 0 803581 0 0 0 0 0 2018 1 1 1 1 B 13226000 0 14477449 1374552 0 0 309437 0 0 0 0 0 1 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 0 1 PNC BANK 7 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 X 3 332000 FMV/COSTS X 2 45721 FMV X FURNITURE FOR LAB 1 45721 FMV 0 0 1 0 Form 990, Part VI, Section B, Line 11b THE FINANCE COMMITTEE OF THE BOARD REVIEWS THE 990 TAX RETURN AND ITS ATTACHMENTS AND THEN RECOMMENDS TO THE ENTIRE BOARD APPROVAL OF THE 990 TAX RETURN FOR THE YEAR UNDER REVIEW. THIS PROCESS IS DOCUMENTED IN THE MINUTES OF BOTH THE COMMITTEE AND BOARD OF DIRECTOR'S MINUTES. Form 990, Part VI, Section B, Line 12c ANNUALLY SIGNED DISCLOSURE STATEMENTS ARE COMPLETED BY EACH BOARD MEMBER WITH ANY EXCEPTIONS FOLLOWED UP BY THE B.O.D. AS WELL WITH THE APPROPRIATE DOCUMENTATION. Form 990, Part VI, Section B, Line 15 THE BOARD OF DIRECTORS ARE RESPONSIBLE FOR DOCUMENTING THE UNIVERSITY'S PRESIDENT COMPENSATION. THE OTHER COMPENSATION FOR EXECUTIVES ARE COMPLETED BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT ANNUALLY. Form 990, Part VI, Section C, Line 18 THE 990 TAX RETURNS ARE AVAILABLE UPON REQUEST TO THE VP OF FINANCE OR THE PRESIDENT'S OFFICE. COPIES OF THE TAX RETURNS ARE AVAILABLE IN THE UNIVERSITY'S LIBRARY SERVICES DEPARTMENT FOR REVIEW AS WELL. Form 990, Part VI, Section C, Line 19 THIS INFORMATION IS PART OF OF THE ADMISSIONS' PROCESS INCLUDING IT'S BROCHURES AND WEB SITE THAT IS AVAILABLE TO WHOMEVER ACCESS IT. Form 990, Part IX, Line 24e MAINTENANCE AND REPAIR COSTS, OUTSIDE MARKETING COSTS AND OTHER PROFESSIONAL COSTS Form 990, Part XI, Line 9 CONSISTS OF NET RENTALS FROM HELD PROPERTIES. THE IRS ACCEPTED AN AUTOMATIC EXTENSION ON OUR 990 TAX RETURN LETTER DATED 10/09/2023.