2025-04-22T16:45:40-05:00 2024-06-30 331498605 PLANTE & MORAN PLLC 250 S HIGH ST SUITE 100 COLUMBUS OH 43215 990 2023-07-01 341369714 THE LAKELAND FOUNDATION LAKE 4405257255 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 DAVID CUMMINS TREASURER 4405257255 2025-04-11 1 1 AMY CIMINELLO P00796388 6148493000 2025-04-11 2023 2025-03-06 01:10:19Z DAVID CUMMINS 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 5202348 0 X WWW.LAKELANDFOUNDATION.COM X 1981 OH THE LAKELAND FOUNDATION CREATES RELATIONSHIPS AND SOLICITS RESOURCES THROUGHOUT NORTHEAST OHIO AND FOCUSES THEM ON SUPPORTING LAKELAND COMMUNITY COLLEGE'S MISSION "TO PROVIDE QUALITY LEARNING OPPORTUNITIES TO MEET THE SOCIAL AND ECONOMIC NEEDS OF THE COMMUNITY." THE FOUNDATION HAS SUPPORTED THE COLLEGE IN THE AREAS OF 1) STUDENT SCHOLARSHIPS AND GRANTS, 2) FACULTY DEVELOPMENT AND TEACHING ENHANCEMENT PROGRAMS, AND 3) TECHNOLOGY UPGRADES AND SUPPORT TO BENEFIT STUDENTS AND/OR FACULTY. 41 41 0 90 0 0 3699140 1591944 0 0 455505 415039 -33328 -14525 4121317 1992458 844934 1032557 0 0 0 0 0 0 0 251472 321993 1096406 1354550 3024911 637908 10975092 12283288 71183 32014 10903909 12251274 X THE LAKELAND FOUNDATION CREATES RELATIONSHIPS AND SOLICITS RESOURCES THROUGHOUT NORTHEAST OHIO AND FOCUSES THEM ON SUPPORTING LAKELAND COMMUNITY COLLEGE'S MISSION "TO PROVIDE QUALITY LEARNING OPPORTUNITIES TO MEET THE SOCIAL AND ECONOMIC NEEDS OF THE COMMUNITY." THE FOUNDATION HAS SUPPORTED THE COLLEGE IN THE AREAS OF 1) STUDENT SCHOLARSHIPS AND GRANTS, 2) FACULTY DEVELOPMENT AND TEACHING ENHANCEMENT PROGRAMS, AND 3) TECHNOLOGY UPGRADES AND SUPPORT TO BENEFIT STUDENTS AND/OR FACULTY. 0 0 1032557 1032557 0 ALTHOUGH PROGRAM EXPENSES ARE COMBINED, THE FOUNDATION HAS SUCCESSFULLY SUPPORTED THE COLLEGE IN THE THREE AREAS DESCRIBED BELOW:1) STUDENT SCHOLARSHIPS AND GRANTS - THE FOUNDATION'S GOAL IS TO ENSURE THAT NO AREA STUDENT IS DEPRIVED OF A LAKELAND COMMUNITY COLLEGE EDUCATION FOR FINANCIAL REASONS. WHILE THERE ARE A NUMBER OF GOVERNMENT GRANTS AND LOANS AVAILABLE TO STUDENTS, THIS ASSISTANCE IS NOT AVAILABLE TO ALL STUDENTS AND ALMOST NEVER PAYS THE FULL COST OF AN EDUCATION. MANY OF LCC'S STUDENTS ARE OFTEN ALREADY WORKING BUT SIMPLY, NO MATTER HOW HARD THEY TRY, LACK SUFFICIENT RESOURCES TO PAY THE ENTIRE COST OF TUITION AND BOOKS. THE FOUNDATION PROVIDES SCHOLARSHIP ASSISTANCE TO THESE STUDENTS TO BRIDGE THE GAP. 2) FACULTY DEVELOPMENT AND TEACHING ENHANCEMENT PROGRAMS - A DISTINGUISHING MARK OF LCC'S FACULTY IS THE QUALITY OF THEIR TEACHING AND COMMITMENT TO INNOVATION IN THE CLASSROOM AND COMMUNITY. THE FOUNDATION SUPPORTS THESE EFFORTS BY AWARDING FACULTY GRANTS FOR NEW COURSE/PROJECT DEVELOPMENT, COLLABORATIONS WITH COMMUNITY AND PROFESSIONAL ORGANIZATIONS, AND PROFESSIONAL DEVELOPMENT.3) TECHNOLOGY UPGRADES AND SUPPORT TO BENEFIT FACULTY AND/OR STUDENTS - TRAINING AND DEVELOPING STUDENTS FOR THE "KNOWLEDGE ECONOMY" CANNOT TAKE PLACE WITHOUT REGULAR ACCESS TO STATE-OF-THE-ART EQUIPMENT, SOFTWARE AND THE INTERNET. STUDENTS WHO CAN BARELY AFFORD TUITION OFTEN DO NOT HAVE RESOURCES FOR A COMPUTER THAT IS REQUIRED FOR CLASSWORK, ESPECIALLY ONLINE COURSES. THE FOUNDATION AWARDS STUDENT GRANTS TO HELP THEM PURCHASE EQUIPMENT, SOFTWARE, AND MAINTAIN INTERNET CONNECTIONS. THE FOUNDATION ALSO PROVIDES FUNDING FOR CLASSROOM TECHNOLOGY UPGRADES SO THAT STUDENTS AND FACULTY HAVE ACCESS TO AND EXPERIENCE ON STATE-OF-THE-ART EQUIPMENT SPECIFIC TO THE MANY PROGRAMS OF INSTRUCTION THE COLLEGE OFFERS. 1032557 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 41 41 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X DAVID CUMMINS 4405257255 7700 CLOCKTOWER DRIVE KIRTLAND OH 44094 KA-PI HOH PHD BOARD CHAIRPERSON 2.00 X X 0 0 0 JON J SNYDER CHAIRPERSON 1.00 X X 0 0 0 WENDY F ZELE VICE CHAIRPERSON 1.00 X X 0 0 0 SUNIL AHUJA BOARD MEMBER 1.00 X 0 0 0 TINA BARNAUSKAS BOARD MEMBER 1.00 X 0 0 0 THOMAS W BENDA BOARD MEMBER 1.00 X 0 0 0 K MICHAEL BENZ BOARD MEMBER 1.00 X 0 0 0 MORRIS W BEVERAGE JR - PART YEAR BOARD MEMBER 2.00 X 0 0 0 WILLIAM M BOWERS BOARD MEMBER 1.00 X 0 0 0 BRENT BUCKLEY BOARD MEMBER 1.00 X 0 0 0 STEPHEN CAMPBELL BOARD MEMBER 1.00 X 0 0 0 BRUCE J CHANTRY BOARD MEMBER 1.00 X 0 0 0 PETER B CLAUSEN BOARD MEMBER 1.00 X 0 0 0 JACK C CORNACHIO BOARD MEMBER 1.00 X 0 0 0 VERONICA I DAHLBERG BOARD MEMBER 1.00 X 0 0 0 DONALD J DAILEY BOARD MEMBER 1.00 X 0 0 0 DENNIS E ECKART BOARD MEMBER 1.00 X 0 0 0 DALE H FELLOWS - PART YEAR BOARD MEMBER 1.00 X 0 0 0 DEBORAH B FRIEDMAN MD BOARD MEMBER 1.00 X 0 0 0 JOANNE FULTON BOARD MEMBER 1.00 X 0 0 0 MAHA GEMAYEL BOARD MEMBER 1.00 X 0 0 0 NANCY L GUTHRIE - PART YEAR BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER HESS BOARD MEMBER 1.00 X 0 0 0 VALISSA TURNER HOWARD BOARD MEMBER 1.00 X 0 0 0 LESLIE S JOHNS ESQ BOARD MEMBER 1.00 X 0 0 0 ELLEN FOLEY KESSLER BOARD MEMBER 1.00 X 0 0 0 JOSEPH R KLAMMER BOARD MEMBER 1.00 X 0 0 0 NOREEN KOPPELMAN-GOLDSTEIN BOARD MEMBER 1.00 X 0 0 0 KATHLEEN T MALEC DA E BOARD MEMBER 1.00 X 0 0 0 NICOLE MCKINNEY-JOHNSON BOARD MEMBER 1.00 X 0 0 0 KIP L MOLENAAR BOARD MEMBER 1.00 X 0 0 0 RICHARD M OSBORNE JR BOARD MEMBER 1.00 X 0 0 0 HOWARD S RABB BOARD MEMBER 1.00 X 0 0 0 JERRIE LEE RISPOLI BOARD MEMBER 1.00 X 0 0 0 MARK R RUTH BOARD MEMBER 1.00 X 0 0 0 ALYSON SCOTT BOARD MEMBER 1.00 X 0 0 0 CHRISTINE SOMMER-RILEY BOARD MEMBER 1.00 X 0 0 0 RICHARD J STARK BOARD MEMBER 1.00 X 0 0 0 DEDE STORER BOARD MEMBER 1.00 X 0 0 0 JANIS THIEDEMANN BOARD MEMBER 1.00 X 0 0 0 MICHAEL D THOMAS BOARD MEMBER 1.00 X 0 0 0 BRENDON TRIPODO BOARD MEMBER 1.00 X 0 0 0 DR STEVEN TSENGAS BOARD MEMBER 1.00 X 0 0 0 GREGORY G YOUNG DPM BOARD MEMBER 1.00 X 0 0 0 GREGORY L SANDERS EXECUTIVE DIRECTOR 20.00 X 86192 0 21844 86192 0 21844 0 0 0 1 0 28355 1563589 875 1591944 345602 345602 3189892 3120455 69437 69437 69437 74910 28355 89435 -14525 -14525 1992458 0 0 400514 420614 420614 611943 611943 23596 23596 38638 38638 77843 77843 250 250 16406 16406 23691 23691 GEN. & IMPROV. SUPPORT 121216 121216 BEQUEST EXPENSES 20353 20353 1354550 1032557 321993 0 393097 86344 144382 516460 488708 479676 134407 28621 35539 47119 1568 6563 9776911 11118505 480 0 10975092 12283288 32433 32014 38750 0 71183 32014 X 254230 411800 10649679 11839474 10903909 12251274 10975092 12283288 X 637908 728538 -19081 X 0 1 X 1 0 X 1343790 1153927 1740481 3699140 1591944 9529282 1343790 1153927 1740481 3699140 1591944 9529282 3159133 6370149 92489 88420 105405 175128 345602 807044 27556 60334 55505 74910 218305 10554631 0.60350 0.62340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 170503 163243 333746 500619 39000 7875 46875 42626 40811 83437 125156 0 0 8620432 490808 1091877 259213 36838 9907066 5654464 2490585 706458 201546 29529 8620432 5926873 864801 889695 214894 32620 5654464 4529863 217765 1375184 170072 25867 5926873 3900177 624004 167364 140972 20710 4529863 0.01000 0.87000 0.12000 0 0 0 3091645 728538 393549 15738 1137825 1953820 38638 38638 1992458 1744280 393549 34819 428368 1315912 38638 38638 1354550 PART V, LINE 4: THE SPENDING ALLOCATIONS FROM THE ENDOWMENT FUNDS ARE PRIMARILY EARMARKED BY DONOR RESTRICTION FOR SCHOLARSHIPS AND EDUCATIONAL & RELATED PROGRAMS, WITH LESS THAN 1% EARMARKED FOR FOUNDATION UNDESIGNATED NEEDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 15,738. PART XII, LINE 2D - OTHER ADJUSTMENTS: PLEDGE RECEIVABLES 19,081. FUNDRAISING EXPENSES 15,738. FOUNDATION GOLF OUTING 78668 27480 51188 2184 4691 11207 1424 7773 CRAFT FAIR 12639 875 11764 875 1098 1 7675 7675 98982 28355 70627 2184 5566 11207 1424 8871 29252 41375 1 LAKELAND COMMUNITY COLLEGE 7700 CLOCKTOWER KIRTLAND OH 44094 341011011 115 417291 3323 COMPARABLE GIFTS IN KND EDUCATIONAL & RELATED PROGRAMS 1 0 TEACHING AWARDS 12 5500 N/A N/A SCHOLARSHIPS 691 606443 N/A N/A PART I, LINE 2: THE LAKELAND FOUNDATION'S FACULTY CHALLENGE GRANT PROGRAM WAS ESTABLISHED TO FACILITATE INNOVATIVE AND CREATIVE ACTIVITIES FOR IMPROVEMENT OF INSTRUCTION, LEARNING, AND PROFESSIONAL DEVELOPMENT THAT CONTRIBUTE TO THE NEEDS OF THE INSTITUTION THROUGH GRANTS AWARDED TO LAKELAND COMMUNITY COLLEGE FACULTY. THE AMOUNT OF FUNDING AVAILABLE IN EACH ACADEMIC YEAR FOR FACULTY CHALLENGE GRANTS IS APPROVED FROM THE FOUNDATION'S ANNUAL OPERATING BUDGET BY THE LAKELAND FOUNDATION BOARD OF DIRECTORS. FACULTY CHALLENGE GRANTS ARE INTENDED TO PROVIDE RESOURCES FOR THE DEVELOPMENT, PROVISION OF, AND ACCESS TO INNOVATIVE PROGRAMS AND PROJECTS PROPOSED BY LAKELAND FACULTY THAT MAY FALL OUTSIDE THE SCOPE OF THE COLLEGE'S OPERATING BUDGET. GRANTS ARE AVAILABLE TO BOTH FULL-TIME AND PART-TIME FACULTY IN ALL DEPARTMENTS AND DIVISIONS. SCHOLARSHIPS/GRANTS TO INDIVIDUALS ARE DIRECTLY APPLIED TO THEIR SCHOOL ACCOUNTS. 0 0 0 0 0 0 0 0 0 FORM 990, PART VII, LINE 5: GREGORY L. SANDERS IS COMPENSATED BY LAKELAND COMMUNITY COLLEGE, AN UNRELATED ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S FORM 990 IS PROVIDED TO THE BOARD'S EXECUTIVE COMMITTEE TO REVIEW ON BEHALF OF THE BOARD OF DIRECTORS BY ITS CODE OF REGULATIONS. THE EXECUTIVE COMMITTEE OF THE LAKELAND FOUNDATION BOARD, COMPOSED OF THE OFFICERS, PRESIDENT OF THE COLLEGE, AND ONE DIRECTOR-AT-LARGE, CAN "FORMULATE RECOMMENDATIONS FOR THE FULL BOARD AND TAKE SUCH INTERIM ACTIONS ON BEHALF OF THE FOUNDATION AS IT DEEMS NECESSARY" BY VOTE OF A MAJORITY OF A QUORUM. FORM 990, PART VI, SECTION B, LINE 12C AS PART OF THE PROCEDURE, AN ANNUAL STATEMENT OF DISCLOSURE MUST BE SIGNED ANNUALLY BY EACH DIRECTOR, OFFICER, SELECTED EMPLOYEE, OR MEMBER WHICH AFFIRMS THAT EACH PERSON HAS READ, UNDERSTANDS THE DOCUMENTS, AND AGREES TO COMPLY WITH THE POLICY AND PROCEDURE. THE FORMS ARE COLLECTED AND MAINTAINED IN THE FOUNDATION OFFICE. FORM 990, PART VI, SECTION B, LINE 15 ALL FOUNDATION STAFF MEMBERS, INCLUDING ITS EXECUTIVE DIRECTOR, ARE LAKELAND COMMUNITY COLLEGE EMPLOYEES. THE COLLEGE'S HUMAN RESOURCES DEPARTMENT IS RESPONSIBLE FOR ESTABLISHING, REVIEWING AND RECOMMENDING COMPENSATION LEVELS FOR THE COLLEGE'S TOP OFFICIALS. THE DEPARTMENT REGULARLY REVIEWS COMPARABLE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS IN ESTABLISHING COMPENSATION LEVELS. ANY COST SHARING BY THE FOUNDATION FOR COLLEGE EMPLOYEE PAYROLL IS REVIEWED AND APPROVED BY THE FOUNDATION EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE LAKELAND FOUNDATION IS RELATED TO LAKELAND COMMUNITY COLLEGE, A POLITICAL SUBDIVISION OF THE STATE OF OHIO. ACCORDINGLY, THE FOUNDATION'S FINANCIALS ARE REVIEWED BY THE STATE OF OHIO AUDITOR'S OFFICE, WHICH POSTS THE FOUNDATION'S AUDIT ON ITS WEBSITE. THE FOUNDATION'S GOVERNANCE AND KEY POLICY DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES -19,081. SCHEDULE C PART II-A: THERE WERE NO LOBBYING EXPENSES INCURRED DURING THE FISCAL YEAR ENDED JUNE 30, 2024.