2024-11-15T20:54:01-06:00 2023-12-31 382029668 GJC CPA'S & ADVISORS 1001 WOODWARD AVENUE SUITE 850 DETROIT MI 482261904 990 2023-01-01 382048961 LEWIS COLLEGE OF BUSINESS LEWI 3135362400 200 WALKER STREET DETROIT MI 482074229 D'WAYNE EDWARDS PRESIDENT 3135362400 2024-11-15 1 1 MICHAEL R NICHOLAS P00966144 3139652655 2023 2024-10-15 13:58:12Z X D'WAYNE EDWARDS 200 WALKER STREET DETROIT MI 482074229 12709997 0 X WWW.PLCDETROIT.COM X 1907 MI THE MISSION OF LEWIS COLLEGE OF BUSINESS ("LCB") IS TO ACTIVATE THE CREATIVE ABILITY IN EVERY STUDENT IN THE WORLD. LCB DOES THAT BY SHARING A LIGHT IN THE HIDDEN GEMS AND FIGURES, AS WELL AS THE OPPORTUNITIES THE WORLD OF LEARNING OFFERS. LCB PROVIDES ACCESS TO CAREER EDUCATION AND PROFESSIONAL DEVELOPMENT. 7 6 16 15 0 0 12709196 0 801 0 12709997 0 0 1146925 0 145884 1066218 2213143 10496854 12286946 1790092 10496854 X LCB SEES A WORLD IN WHICH EVERYBODY IS A STUDENT. DRIVEN BY A PASSION FOR EDUCATION AND AN INSTINCT FOR INGENUITY, LCB AIMS TO REMOVE THE LIMITS OF THE CLASSROOM FOR EVERY STUDENT IN THE WORLD AND MAKE LEARNING A DAILY PRACTICE. LCB ENVISIONS A FUTURE WHERE EDUCATION AND OPPORTUNITIES ARE ACCESSIBLE TO ANYONE WHO PREPARES FOR IT. LCB SEES ITSELF AS THE ANSWER TO THE QUESTION, WHAT HAPPENS WHEN PREPARATION MEETS ADVERSITY. 1 0 1394691 LCB'S MAIN SERVICE IS PROVIDING EDUCATION PROGRAMS CALLED MASTERCLASSES IN PARTNERSHIP WITH CORPORATIONS IN THE PRODUCT CREATION INDUSTRY. THESE MASTERCLASSES RANGED FROM THREE TO FIVE WEEKS, WHERE STUDENTS ARE SELECTED FROM GLOBAL OUTREACH TO ASPIRING DESIGNERS THAT HAVE AN INTEREST IN SPECIFIC CAREERS SUCH AS FOOTWEAR DESIGN, APPAREL DESIGN, ACCESSORIES DESIGN, MATERIAL DESIGN, COLOR DESIGN, GRAPHIC DESIGN, AND INTERIOR DESIGN. IN PARTNERSHIP WITH LCB'S CORPORATE PARTNERS, SUCH AS NIKE, CONVERSE, ADIDAS, NEW BALANCE, MICHAEL KORS, JIMMY CHOO, VERSACE (CAPRI HOLDINGS), TIMBERLAND, VANS, THE NORTH FACE (VF CORP.), PEPSICO, AND FOOT LOCKER, LCB CO-CREATES A CURRICULUM FOR SPONSORED PROGRAMS, WITH THE GOAL OF CREATING A TALENT PIPELINE INTO THE INDUSTRY. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.AT THE END OF EVERY PROGRAM, STUDENTS RECEIVE A CERTIFICATE OF COMPLETION, AND TOP STUDENTS ARE OFFERED A THREE-MONTH TO ONE-YEAR PAID INTERNSHIP OPPORTUNITY WITH THE SPONSORED BRAND. LCB CONDUCTED SIX MASTERCLASSES THAT SERVED OVER 120 STUDENTS, WITH OVER 30 STUDENTS RECEIVING AN INTERNSHIP OR FULL-TIME POSITION IN A CORPORATE PARTNER ORGANIZATION. 1394691 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 28 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 MI X X X KAREN GORDON 3135362400 200 WALKER STREET DETROIT MI 482074229 DR VIOLET PONDERS CHAIR 1.00 X X 0 0 0 DR MAKEEBA MCCREARY TREASURER 1.00 X X 0 0 0 ADAM ALLARD DIRECTOR 0.50 X 0 0 0 RONALD BROWN DIRECTOR 0.50 X 0 0 0 MONICA HAWKINS DIRECTOR 0.50 X 0 0 0 JAMES WHITNER DIRECTOR 0.50 X 0 0 0 D'WAYNE L EDWARDS PRESIDENT 40.00 X 131000 0 13092 SAMUEL I RYAN CHAIR OF APPAREL AND ACCESSORIES 40.00 X 142729 0 4364 SUZETTE T HENRY CHAIR OF COLOR AND MATERIALS LAB 40.00 X 109349 0 4364 383078 0 21820 3 0 0 0 0 12709196 12709196 801 801 12709997 0 0 801 383078 225261 128204 29613 632614 371994 211716 48904 49586 29158 16595 3833 81647 48011 27324 6312 52701 25661 23667 3373 40995 19961 18410 2624 144703 70458 64983 9262 12837 7549 4296 992 12972 7628 4341 1003 446892 262785 149560 34547 11543 6788 3863 892 SPECIAL PROJECTS 249167 249167 BUSINESS AND OPERATIONS 58590 34452 19609 4529 PROGRAM COSTS 35818 35818 2213143 1394691 672568 145884 7581447 3222749 131030 28387 0 0 28387 0 1323333 0 12286946 268518 0 1521574 0 1790092 X 1264860 9231994 0 10496854 0 12286946 10496854 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28387 28387 28387 RIGHT-OF-USE ASSETS UNDER OPERATING LEASES 1323333 1323333 OPERATING LEASE LIABILITIES 1521574 1521574 X 12759692 49695 49695 12709997 0 12709997 2262838 49695 49695 2213143 0 2213143 PART X, LINE 2: LCB'S MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2023. 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 KJU MANAGEMENT OWNER IS NIECE OF LCB'S PRESIDENT 72930 MONTHLY SERVICES, INCLUDING ACCOUNTING AND FINANCE, HUMAN RESOURCES, BUSINESS ORGANIZATION, AND OVERALL MANAGEMENT 0 FORM 990, PART III, LINE 2 LCB HAS NOT FILED A PREVIOUS FORM 990, AS IT WAS DORMANT AND WAS REINSTATED IN 2023. FORM 990, PART VI, SECTION A, LINE 7A THE GILBERT FAMILY FOUNDATION HAS THE OPTION TO HOLD TWO BOARD SEATS. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES WERE FORMED DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE SHARED WITH THE BOARD OF DIRECTORS VIA E-MAIL BEFORE BEING FILED. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY, BY-LAWS, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ON LCB'S WESBITE.