2024-03-18T15:23:17-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 100 MARITIME DRIVE SUITE 2B MANITOWOC WI 54220 990 2022-07-01 391269078 LAKESHORE TECHNICAL COLLEGE FOUNDATION INC LAKE 9206931000 1290 NORTH AVE CLEVELAND WI 53015 MIKE MCEVOY ACTING INTERIM TREASURER 9206931000 2024-02-20 1 MIKE MCEVOY 999009999 0 JON SWANSON P01710866 9206845500 2024-02-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MIKE MCEVOY 1290 NORTH AVE CLEVELAND WI 53015 1332171 0 X YOURLTCFOUNDATION.COM X 1976 WI TO PROVIDE PRIVATE SCHOLARSHIPS AND ASSISTANCE TO STUDENTS FOR EDUCATION. 19 19 0 19 0 0 2503352 694869 42418 46354 120513 72250 19052 38607 2685335 852080 265155 299659 0 0 0 0 0 0 48459 374426 2663712 639581 2963371 2045754 -2111291 5924242 4903776 45923 882557 5878319 4021219 X TO PROVIDE PRIVATE SCHOLARSHIPS AND ASSISTANCE TO STUDENTS FOR EDUCATION. 0 0 2491524 0 46354 SUPPORT OF INSTRUCTIONAL PROGRAMS/SERVICES: THIS PROGRAM IS TO PROVIDE ADDITIONAL SUPPORT TO THE INSTRUCTIONAL PROGRAMS AND/OR SERVICES OF LAKESHORE TECHNICAL COLLEGE, INCLUDING PROJECT GRILL. THE CENTER FOR HEALTHCARE EXCELLENCE BUILDING EXPANSION WAS THE FOCUS FOR FY22-23 WITH A TOTAL OF $2,400,000. 283765 283765 0 STUDENT SCHOLARSHIPS: PROVIDED SCHOLARSHIP SUPPORT TO STUDENTS AT LAKESHORE TECHNICAL COLLEGE TO ENCOURAGE ENROLLMENT AND RETENTION IN ASSOCIATE DEGREE AND TECHNICAL DIPLOMA PROGRAMS AT THE COLLEGE. AWARD DISBURSEMENTS ARE COORDINATED WITH FINANCIAL AID. SCHOLARSHIPS WERE AWARDED TO 585 STUDENTS. 76329 0 0 PROPERTY DONATIONS TO THE COLLEGE: THE DONOR-ASSIGNED VALUE OF EQUIPMENT RECEIVED AND TRANSFERRED TO THE COLLEGE. THIS PROGRAM ALLOWS THE COLLEGE TO UPGRADE OR OBTAIN EQUIPMENT FOR INSTRUCTION AND TO REDUCE THE COLLEGE BUDGET REQUIRED FOR SUCH EXPENSES. 15894 15894 0 STUDENT SUPPORT: THROUGH BOARD-APPROVED APPROPRIATIONS, MONETARY SUPPORT WAS PROVIDED TO STUDENTS IN AMOUNTS RANGING FROM $25 TO $500 TO DISLOCATED WORKERS AND OTHER STUDENTS WHO HAVE EXHAUSTED OTHER MEANS OF FINANCIAL AID. STUDENT SUPPORT WAS AWARDED TO 80 STUDENTS TO ASSIST WITH UTILITIES, MORTGAGE OR RENT PAYMENTS, VEHICLE REPAIRS, AND OTHER SCHOOL EXPENSES. 15894 15894 0 2867512 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 WI X LISA FRIEDL 9206931000 1290 NORTH AVENUE CLEVELAND WI 53015 X ROSS NIEMI PRESIDENT 0.50 X X 0 0 0 MIKE MRDJENOVICH PAST PRESIDENT 0.50 X X 0 0 0 BOB FITZGERALD TREASURER/SECRETARY 0.50 X X 0 0 0 PAUL CARLSEN EX OFFICIO 0.50 X 0 0 0 LYNN COADY DIRECTOR 0.50 X 0 0 0 PAUL WEAVER DIRECTOR 0.50 X 0 0 0 JESSE BROTZ DIRECTOR 0.50 X 0 0 0 JUSTIN SELLE DIRECTOR 0.50 X 0 0 0 DON HAMMOND DIRECTOR 0.50 X 0 0 0 SISTER JANE KINATE DIRECTOR 0.50 X 0 0 0 MIKE MCEVOY DIRECTOR 0.50 X 0 0 0 CASSIE ZINKEL DIRECTOR 0.50 X 0 0 0 JOHN C MILLER DIRECTOR 0.50 X 0 0 0 JUTTA FURCA DIRECTOR 0.50 X 0 0 0 LEE VAN BOXTEL DIRECTOR 0.50 X 0 0 0 MIKE VANDER ZANDEN DIRECTOR 0.50 X 0 0 0 RANDALL ROETHEL DIRECTOR 0.50 X 0 0 0 SACHIN SHIVARAM DIRECTOR 0.50 X 0 0 0 KRISTY LIPHART EXECUTIVE DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 694869 76349 694869 PROJECT GRILL 900099 44000 44000 OTHER PROGRAMS 900099 2156 2156 LTC SCRIP PROGRAM 900099 198 198 46354 104827 104827 431721 464298 -32577 -32577 -32577 54400 15793 38607 38607 852080 46354 0 110857 299659 299659 36704 36704 48328 8774 39554 21786 21786 1922 1922 PROGRAM SUPPORT 2469718 2469718 DONATED EQUIPMENT 76349 76349 PUBLIC RELATIONS 8482 8482 MISCELLANEOUS 423 423 2963371 2867512 47400 48459 708421 653570 1929991 1020492 7350 5230 3278480 3224484 5924242 4903776 15173 12557 30750 870000 45923 882557 X 901331 866851 4976988 3154368 5878319 4021219 5924242 4903776 -2111291 279390 -25199 0 X 0 1 X 1 0 X 699858 504246 588219 2503352 694843 4990518 81881 69000 91300 93300 76349 411830 781739 573246 679519 2596652 771192 5402348 1427685 3974663 118191 151206 110008 154446 104827 638678 1452 6853 23685 38607 70597 1767 150 272 46354 48543 6160166 178932 0.64520 0.60310 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 1,767. 2019 AMOUNT: $ 150. 2020 AMOUNT: $ 272. 2022 AMOUNT: $ 46,354. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1399710 23815 168878 29176 1563227 1782109 35050 -357507 59942 1399710 1358614 81080 420460 78045 1782109 1390190 25995 -3503 54068 1348614 1395668 35000 20429 60907 1390190 0.00600 0.69300 0.30100 0 0 0 X 1116715 279390 279390 837325 14755 14755 852080 3032915 84300 84300 2948615 14755 1 14756 2963371 PART V, LINE 4: THE INCOME FROM PERMANENT ENDOWMENTS IS USED TO FUND SCHOLARSHIPS TO STUDENTS FOR EDUCATION AND TO PROVIDE PROGRAM SUPPORT TO LAKESHORE TECHNICAL COLLEGE. PART X, LINE 2: LAKESHORE TECHNICAL COLLEGE FOUNDATION, INC. IS ORGANIZED AS A WISCONSIN NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTION 170(B)(1)(A), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER IRC SECTIONS 509(A)(1) AND (3), RESPECTIVELY. THE FOUNDATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITY IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. WE HAVE DETERMINED THAT THE FOUNDATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAVE NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 1. GOLF CLASSIC 54400 54400 13345 54400 54400 13345 13345 41055 1 LAKESHORE TECHNICAL COLLEGE 1290 NORTH AVE CLEVELAND WI 53015 391086823 N/A 299659 0 N/A N/A SCHOLARSHIPS 0 1 PART I, LINE 2: PRIOR TO MAKING AWARDS, THE FINANCIAL SERVICES OFFICE, WHO OVERSEES MANAGEMENT OF THE ACCOUNTS, REVIEWS ALL APPROPRIATED FUNDS AND DETERMINES AWARDS AVAILABLE TO QUALIFIED APPLICANTS. THE SCHOLARSHIP SELECTION COMMITTEE SCREENS ALL APPLICANTS AND BEST MATCHES APPLICANTS WITH THE DOCUMENTED INTENT OF THE DONOR OR SPONSOR. FINAL SELECTIONS ARE MADE IN CONSENSUS BY THE COMMITTEE. ANNUALLY, THE DIRECTOR OF DEVELOPMENT IS IN CONTACT WITH SCHOLARSHIP DONORS. A REPORT OF THE FUND BALANCE, EXPENDITURES, AND INTEREST ACCRUED IS PROVIDED TO THE DONORS. X EQUIPMENT 7 76324 FMV 7 0 0 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART III, LINE 4A SUPPORT OF INSTRUCTIONAL PROGRAMS/SERVICES: THIS PROGRAM IS TO PROVIDE ADDITIONAL SUPPORT TO THE INSTRUCTIONAL PROGRAMS AND/OR SERVICES OF LAKESHORE TECHNICAL COLLEGE, INCLUDING PROJECT GRILL. THE CENTER FOR HEALTHCARE EXCELLENCE BUILDING EXPANSION WAS THE FOCUS FOR FY22-23 WITH A TOTAL OF $2,400,000. FORM 990, PART III, LINE 4B STUDENT SCHOLARSHIPS: PROVIDED SCHOLARSHIP SUPPORT TO STUDENTS AT LAKESHORE TECHNICAL COLLEGE TO ENCOURAGE ENROLLMENT AND RETENTION IN ASSOCIATE DEGREE AND TECHNICAL DIPLOMA PROGRAMS AT THE COLLEGE. AWARD DISBURSEMENTS ARE COORDINATED WITH FINANCIAL AID. SCHOLARSHIPS WERE AWARDED TO 585 STUDENTS. FORM 990, PART III, LINE 4C PROPERTY DONATIONS TO THE COLLEGE: THE DONOR-ASSIGNED VALUE OF EQUIPMENT RECEIVED AND TRANSFERRED TO THE COLLEGE. THIS PROGRAM ALLOWS THE COLLEGE TO UPGRADE OR OBTAIN EQUIPMENT FOR INSTRUCTION AND TO REDUCE THE COLLEGE BUDGET REQUIRED FOR SUCH EXPENSES. FORM 990, PART VI, SECTION A, LINE 1A THE LTC FOUNDATION HAS SEVERAL WORKING COMMITTEES, AND ALL COMMITTEE MEMBERS ARE ON THE FOUNDATION'S BOARD OF DIRECTORS. THE FIVE COMMITTEES ARE FINANCE, STRATEGY, DEVELOPMENT, EXECUTIVE, AND GOVERNANCE. THE EXECUTIVE COMMITTEE IS THE CHAIRS OF EACH OF THE OTHER COMMITTEES PLUS THE PRESIDENT AND THE VICE PRESIDENT OF THE BOARD. THE DEVELOPMENT COMMITTEE STRENGTHENS FUNDRAISING CAPABILITIES AND TRACKS EFFECTIVENESS, ENGAGES BOARD MEMBERS TO DRIVE ACHIEVEMENT OF FUNDRAISING GOALS AND DEVELOPS A COMMUNICATION PLAN TO EFFECTIVELY INFORM DONORS ABOUT GOALS, CAMPAIGNS, AND IMPACT OF THEIR GIVING. THE FINANCE COMMITTEE LINKS FOUNDATIONS MISSION, ANNUAL PLANS, AND CAPABILITIES WITH THE COLLEGE'S STRATEGIES AND PRIORITIES AND IDENTIFIES, PRIORITIZES, AND COMMUNICATES TARGETED FINANCIAL GOALS FOR DEVELOPMENT AND USE. THE GOVERNANCE COMMITTEE IDS ROLES AND RESPONSIBILITIES OF BOARD MEMBERS AND COMMITTEES AND BUILDS A PIPELINE FOR NEW BOARD MEMBERS, ONBOARDING AS NEEDED. THE STRATEGY COMMITTEE REVIEWS AND ASSESS STRATEGIC INITIATIVES ANNUALLY AND GATHERS KPIS AND REPORT OUTCOMES TO THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 3 THE LAKESHORE TECHNICAL COLLEGE FOUNDATION DELEGATES CERTAIN MANAGEMENT FUNCTIONS TO THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THIS FORM 990 WAS SENT ELECTRONICALLY TO ALL BOARD MEMBERS PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE PURPOSE OF THE CONFLICT-OF-INTEREST POLICY IS TO PROTECT THE INTEREST OF THE FOUNDATION WHEN IT IS ENTERING INTO TRANSACTIONS OR ARRANGEMENTS THAT MIGHT BENEFIT THE PRIVATE INTEREST OF A MANAGER OR DIRECTOR OF THE FOUNDATION. THE POLICY APPLIES TO ALL MEMBERS OF THE FOUNDATION BOARD OF DIRECTORS AND MANAGEMENT. EACH MEMBER IS RESPONSIBLE FOR EXAMINING THEIR OWN ACTIVITIES AND DISCLOSING THOSE THAT MAY CREATE A POTENTIAL OR ACTUAL CONFLICT OF INTEREST SITUATION. THESE ISSUES MAY INVOLVE DIRECT OR INDIRECT BENEFIT TO RELATIVES, CLOSE FRIENDS, PERSONAL ASSOCIATES, BUSINESS ASSOCIATES, OR PERSONAL BUSINESS HOLDINGS. IF THE BOARD MEMBER OR MANAGER KNOWINGLY FAILS TO DISCLOSE A REAL OR POTENTIAL CONFLICT OF INTEREST, OR KNOWINGLY ENGAGES IN CONDUCT WHICH RESULTS IN A BREACH OF THEIR FIDUCIARY DUTY OF TRUST, THE FULL BOARD OF DIRECTORS SHALL REVIEW THE CIRCUMSTANCES AND FACTS WITH SAID MEMBER. AFTER A COMPLETE REVIEW, THE BOARD OF DIRECTORS SHALL DETERMINE WHAT COURSE OF ACTION, IF ANY, IS NECESSARY TO EFFECTIVELY REMEDY THE SITUATION. THE CONFLICT WILL BE RECORDED WITHIN THE BOARD MINUTES OR WITHIN THE INDIVIDUAL'S FILE. ALL OFFICERS AND DIRECTORS REVIEW AND SIGN A COPY OF THE POLICY AT AN ANNUAL BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS CAN BE OBTAINED THROUGH LAKESHORE TECHNICAL COLLEGE FOUNDATION, INC. 1290 NORTH AVENUE, CLEVELAND, WI 53015