2025-01-08T04:58:06-07:00 2024-06-30 990 2023-07-01 381369604 LAWRENCE TECHNOLOGICAL UNIVERSITY LAWR 2482044000 21000 West Ten Mile Road Southfield MI 480751058 Linda Height VP of Finance and Admin. 2482042100 2025-01-08 1 2023 2024-10-15 13:58:12Z LINDA L HEIGHT 21000 WEST TEN MILE RD SOUTHFIELD MI 480751058 93206191 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. 20 19 1431 0 0 0 10671409 18666770 68543410 71061337 2985070 2906709 -457605 -477166 81742284 92157650 0 0 0 0 46243043 49455858 0 0 7427018 39979541 44526753 86222584 93982611 -4480300 -1824961 205364493 211692673 79159782 80340472 126204711 131352201 To develop leaders through innovative and agile programs embracing theory and practice. 0 0 56706110 0 64933574 Higher Education : Associates, Baccalaureate, Graduate Program Services were provided to 3,878 students and 682 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. 622602 0 6039159 Higher Education : Campus apartments, residences, and residential services were provided for 901 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. 9239969 0 88604 Higher Education : Student Activities - Academic associations, student government, recreational and athletic programs. Participation in various associations were used by 2,905 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 66568681 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 1 375 0 1 1431 1 0 1 CA 0 0 0 0 0 0 X 20 19 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 X 740137 0 0 Nabil Grace Dean of Engineering 40 0 X X 433943 0 0 DANIEL RADOMSKI EXECUTIVE DIRECTOR OF ACCELERATOR 40 0 X X 391089 0 0 PEDRO GUILLEN GOMEZ VP ACCELERATOR 40 0 X 285370 0 0 RICHARD HEIST PROVOST 40 0 X X 276720 0 0 Linda Height Chief Financial Officer 40 0 X X 247962 0 0 KARL DAUBMANN Dean of Architecture 40 0 X 230338 0 0 Lisa Kujawa VP OF ENROLLMENT MGT 40 0 X 221778 0 0 KEVIN FINN VP OF PHILANTHROPY 40 0 X 211560 0 0 PATRICK NELSON DEAN OF ARTS AND SCIENCES 40 0 X 186319 0 0 Bahman Mirshab Dean of College of Management 40 0 X X 182573 0 0 MATTHEW COLE DEAN OF BUS INFOR TECH 40 0 X 157643 0 0 SRINIVAS KAMBHAMPATI Dean of Arts & Science 0 0 X 142952 0 0 Victor A Saroki Board Member 2 0 X 0 0 0 Raymond Khan Board Member 2 0 X 0 0 0 David B Wohleen Board Member 2 0 X 0 0 0 Douglas E Ebert CHAIRMAN OF THE BOARD 8 0 X X 0 0 0 Larry D Lyons Board member 2 0 X 0 0 0 Mitchell Clauw Board Member 2 0 X 0 0 0 Daniel W Winey Board Member 2 0 X 0 0 0 DAVID NICHOLSON BOARD MEMBER 2 0 X 0 0 0 ELIZABETH BAKER BOARD MEMBER 2 0 X 0 0 0 DR DONNA BELL BOARD MEMBER 2 0 X 0 0 0 JEFF LEMMER BOARD MEMBER 2 0 X 0 0 0 Christine Barman Board Member 2 0 X 0 0 0 Beverly Hannah-Jones Board Member 2 0 X 0 0 0 MARTIN MANNA BOARD MEMBER 2 0 X 0 0 0 NIKI KENNEDY MD BOARD MEMBER 2 0 X 0 0 0 JOHN DONLEY BOARD MEMBER 2 0 X 0 0 0 ELISABETH KREAR BOARD MEMBER 2 0 X 0 0 0 KIRK STEUDLE BOARD MEMBER 2 0 X 0 0 0 RENEE TOMINA BOARD MEMBER 2 0 X 0 0 0 3708384 0 0 93 1 1 0 YELLOW FLAG PRODUCTIONS 180 HIGH OAK ST BLOOMFIELD HILLS MI 48304 ADVERTISING 3642041 FRANK REWOLD AND SONS 333 EAST 2ND ST ROCHESTER MI 48307 CONSTRUCTION 885643 CENTERLINE ELECTRIC 26554 LAWRENCE CENTERLINE MI 48015 ELECTRIC SERVICES 666831 JANSSEN REFRIGERATION 26725 BUNERT WARREN MI 48089 MECHNICAL ENG 521925 EDUCATION DYNAMICS LLC PO BOX780276 HOBOKEN NJ 07030 IT SERVICES 1180505 51 0 0 0 0 6262628 12404142 0 18666770 71061337 71061337 0 0 71061337 2906709 2906709 0 0 0 0 0 0 0 0 0 0 571375 0 1048541 0 -477166 0 -477166 -477166 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 92157650 73490880 0 0 X 0 0 0 0 0 0 0 0 2509554 1033174 1264820 211560 41531115 31335484 9001806 1193825 0 0 0 0 328624 274955 37562 16107 2475424 2119897 251081 104446 2611141 2227166 284334 99641 0 0 0 0 176346 19820 156526 0 171700 0 171700 0 14052 0 0 14052 0 0 0 0 0 0 0 0 0 0 350454 346414 4040 0 4273430 3473657 606477 193296 1967695 1967695 0 0 0 0 0 0 2213358 1806579 203607 203172 2151530 1844872 256898 49760 0 0 0 0 0 0 0 0 2703604 1893856 596760 212988 0 0 0 0 7591936 5636068 1322022 633846 956198 109798 846400 0 EDUCATION AND TRAINING 3159539 1458350 1690222 10967 EQUIPMENT RENTAL AND MAINTENANCE 2030490 778401 1195606 56483 BAD DEBT AND OTHER COSTS 1761704 1173540 588164 0 MISCELLANEOUS EXPENSES 3666217 2879625 760417 26175 11338500 6189330 748470 4400700 93982611 66568681 19986912 7427018 3578851 3763515 0 0 1092307 1109223 7920182 9350883 0 641608 0 0 222337 217014 0 0 2085883 1549329 228952753 124177136 103626896 104775617 80661231 83974125 6176806 6311359 0 0 0 0 0 0 205364493 211692673 17421320 17842386 173208 160867 5713232 4505471 54366739 56120697 0 0 0 0 0 0 1485283 1711051 79159782 80340472 X 56738963 54496893 69465748 76855308 126204711 131352201 205364493 211692673 X -1824961 7449617 0 0 0 -477166 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 14052 14052 95017100 95031152 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 6643 6338 1295 14052 28328 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 51202540 2870391 5480212 0 5218305 0 54334838 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 0.05 0.55 0.4 0 0 1264174 0 1264174 161378143 0 76168323 85209820 11121375 0 8238839 2882536 55189061 0 39769974 15419087 0 0 0 0 104775617 0 DEPOSITS FROM STUDENTS 1711051 1711051 99509491 6874675 0 0 477166 7351841 92157650 0 0 0 92157650 95031152 0 0 0 1048541 1048541 93982611 0 0 0 93982611 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 STIPULATIONS. THESES FUNDS MAY BE DESIGNATED FOR SPECIFIC PURPOSESBY 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 RENTAL EXPENSES RELATED TO HELD PROPERTIES. 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 ADMISSIONS'/ 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 RECEIVED FROM THE FEDRAL 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 X X 0 0 0 0 0 0 0 0 0 TAREK SOBH PRESIDENT 740137 0 0 0 0 0 5175 0 23210 0 768522 0 767026 0 Nabil Grace Dean of Engineering 433943 0 0 0 0 0 5175 0 18007 0 457125 0 428379 0 DANIEL RADOMSKI EXECUTIVE DIRECTOR OF ACCELERATOR 391089 0 0 0 0 0 5175 0 19112 0 415376 0 432428 0 Linda Height Chief Financial Officer 247963 0 0 0 0 0 3719 0 18378 0 270060 0 262349 0 RICHARD HEIST PROVOST 276720 0 0 0 0 0 4150 0 15361 0 296231 0 259488 0 KARL DAUBMANN Dean of Architecture 230339 0 0 0 0 0 3455 0 20275 0 254069 0 248168 0 Bahman Mirshab Dean of College of Management 182573 0 0 0 0 0 2738 0 25279 0 210590 0 256123 0 Lisa Kujawa VP OF ENROLLMENT MGT 221779 0 0 0 0 0 3326 0 29803 0 254908 0 245525 0 KEVIN FINN VP OF PHILANTHROPY 211560 0 0 0 0 0 3173 0 14921 0 229654 0 231361 0 PATRICK NELSON DEAN OF ARTS AND SCIENCES 186319 0 0 0 0 0 2795 0 16143 0 205257 0 194261 0 SRINIVAS KAMBHAMPATI Dean of Arts & Science 142952 0 0 0 0 0 2144 0 16122 0 161218 0 191222 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 B.O.D. 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 3356758 1222987 0 803581 0 0 0 0 0 2018 1 1 1 1 B 13226000 0 14477449 982709 0 0 309437 0 0 0 0 0 2022 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 5 80485 FMV 0 0 0 0 Form 990, Part VI, Section B, Line 11b THE FINANCE COMMITTEE OF THE BOARD REVIEWS THE 990 TAX RETURN AND IT'S 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 DIRECTORS' 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 APPROPRIATE DOCUMENTATION. Form 990, Part VI, Section B, Line 15 THE BOARD OF DIRECTORS ARE RESPONSIBLE FOR DOCUMENTING THE UNIVERSITY'S PRESIDENT'S COMPENSATION. THE OTHER COMPENSATION FOR EXECUTIVES ARE COMPLETED BY THE UNIVERSITY'S HUMAN RESOURCES' DEPARTMENT ANNUALLY. Form 990, Part VI, Section C, Line 19 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 IX, Line 24e MAINTENANCE AND REPAIR COSTS, OUTSIDE MARKETING COSTS, AND OTHER PROFESSIONAL SERVICES EXPENSES. Form 990, Part XI, Line 9 NET RENTAL LOSS ON HELD PROPERTIES AN EXTENSION FOR TIME FORM 8868 WAS FILED ON BEHALF OF THE UNIVERSITY AND ACCEPTED BY THE IRS