2026-03-12T14:17:01-05:00 2025-06-30 393647910 WIPFLI ADVISORY LLC 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2024-07-01 391453493 LAC COURTE OREILLES OJIBWE UNIVERSITY LACC 7156344790 13466 WEST TREPANIA ROAD HAYWARD WI 54843 KAREN BREIT PRESIDENT 7156344790 2026-02-20 1 1 ANDREA L NOVAK CPA P02197527 2187224705 2026-02-20 2024 2025-03-06 01:10:19Z KAREN BREIT 13466 WEST TREPANIA ROAD HAYWARD WI 54843 18901987 0 X WWW.LCO.EDU X 1982 WI THE LAC COURTE OREILLES OJIBWE UNIVERSITY MISSION IS TO PROVIDE ANISHINAABE COMMUNITIES WITH POST-SECONDARY AND CONTINUING EDUCATION WHILE ADVANCING THE LANGUAGE, CULTURE, AND HISTORY OF THE OJIBWE. IN CARRYING OUT THE MISSION, THE LAC COURTE OREILLES OJIBWE UNIVERSITY CURRICULUM WILL REFLECT OJIBWE CULTURE AND TRIBAL SELF-DETERMINATION. THE UNIVERSITY WILL PROVIDE OPPORTUNITIES FOR INDIVIDUAL SELF-IMPROVEMENT IN A RAPIDLY CHANGING TECHNOLOGICAL WORLD, WHILE MAINTAINING THE CULTURAL INTEGRITY OF THE OJIBWE. 7 7 163 0 0 0 7577056 17215571 1123617 1042863 316253 344688 57282 -1040 9074208 18602082 1102175 957864 0 0 5126902 5703213 0 0 0 3065218 3674511 9294295 10335588 -220087 8266494 19932868 29413978 2613119 3766448 17319749 25647530 X THE LAC COURTE OREILLES OJIBWE UNIVERSITY MISSION IS TO PROVIDE ANISHINAABE COMMUNITIES WITH POST-SECONDARY AND CONTINUING EDUCATION WHILE ADVANCING THE LANGUAGE, CULTURE, AND HISTORY OF THE OJIBWE. IN CARRYING OUT THE MISSION, THE LAC COURTE OREILLES OJIBWE UNIVERSITY CURRICULUM WILL REFLECT OJIBWE CULTURE AND TRIBAL SELF-DETERMINATION. THE UNIVERSITY WILL PROVIDE OPPORTUNITIES FOR INDIVIDUAL SELF-IMPROVEMENT IN A RAPIDLY CHANGING TECHNOLOGICAL WORLD, WHILE MAINTAINING THE CULTURAL INTEGRITY OF THE OJIBWE. 0 0 7149006 957864 1042863 PROVIDED INSTRUCTION IN ASSOCIATE DEGREE, BACHELOR DEGREE, MASTER DEGREE, DIPLOMA, AND CONTINUING EDUCATION PROGRAMS TO 35 STUDENTS IN THE SUMMER SEMESTER, 208 STUDENTS IN THE FALL SEMESTER, AND 192 STUDENTS IN THE SPRING SEMESTER. 7149006 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 163 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 WI X KAREN BREIT 7156344790 13466 WEST TREPANIA ROAD HAYWARD WI 54843 JASON BISONETTE CHAIR 2.00 X X 6500 0 0 MONICA ISHAM VICE CHAIR 2.00 X X 6500 0 0 DARYL COONS JR SECRETARY 2.00 X X 6500 0 0 MARIE BASTY TREASURER 2.00 X X 6500 0 0 KYLE VAN ACKER DIRECTOR 2.00 X 6500 0 0 GARY GERBER DIRECTOR 2.00 X 6500 0 0 MELISSA LEWIS DIRECTOR 2.00 X 6500 0 0 KAREN BREIT PRESIDENT 40.00 X 126887 0 13729 JODEE SMITH CFO 40.00 X 0 0 0 RUSSELL SWAGGER PRESIDENT (THRU 4/25) 40.00 X 197130 0 27582 LYDIA DENASHA CFO (THRU 12/24) 40.00 X 98914 0 16098 468431 0 57409 2 0 1 0 WOODSTONE INC 2361 WEST HIGHWAY 36 SUITE 110 ROSEVILLE MN 55113 EXTERIOR SIDING 9014086 LSE ARCHITECTS INC 1401 GLENWOOD AVENUE MINNEAPOLIS MN 55405 ARCHITECTURAL AND ENGINEERING SERVICES 389576 CLIFTON LARSON ALLEN 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 CFO, GRANTS, FINANCIAL AID CONSULTING 161477 3 40522 16292313 882736 17215571 TUITION AND FEES 611600 1042863 1042863 1042863 310241 310241 290511 256064 34447 34447 34447 0 40522 43841 -43841 -43841 1791 0 1791 1791 41010 41010 41010 18602082 1042863 0 343648 957864 957864 524724 524724 4238445 2932014 1306431 87042 53177 33865 522305 314064 208241 330697 211398 119299 11250 11250 164953 164953 15416 15416 657199 581897 75302 70438 70438 386219 310841 75378 137614 78583 59031 357581 59003 298578 136738 104613 32125 57606 57606 1042324 1042324 24060 24060 EQUIPMENT 172641 141021 31620 MEMBERSHIP DUES 80592 7741 72851 359880 354466 5414 10335588 7149006 3186582 0 350 350 2730776 3187221 433875 863531 326121 265443 64241 55070 28665049 8679182 11663627 19985867 4568680 4911298 145198 145198 19932868 29413978 361308 2411340 2251811 1355108 2613119 3766448 X 12605871 20591034 4713878 5056496 17319749 25647530 19932868 29413978 8266494 61287 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4713878 342618 5056496 4470208 247442 3772 4713878 4214332 259320 3444 4470208 4453538 -94008 145198 4214332 3767469 145198 540871 4453538 0.85000 0.15000 0 0 48654 48654 13158825 5783112 7375713 6241301 2896070 3345231 9216269 9216269 19985867 X 18045225 61287 -602728 -541441 18586666 15416 15416 18602082 9717444 0 9717444 15416 602728 618144 10335588 PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED WITH THE ASSISTANCE OF THE DEPARTMENT OF INTERIOR - BUREAU OF INDIAN AFFAIRS AND THE DEPARTMENT OF EDUCATION WITH MATCHING CONTRIBUTIONS FROM PRIVATE AND INTERNAL SOURCES. THE EARNINGS ON THE ENDOWMENT CAN BE USED AT THE DISCRETION OF MANAGEMENT TO FUND UNIVERSITY OPERATIONS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND COMPARABLE STATE LAW. HOWEVER, UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE UNIVERSITY IS REQUIRED TO ASSESS WHETHER IT IS MORE-LIKELY-THAN-NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF THE INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THE POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE UNIVERSITY HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT GRANT AID -602,728. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT GRANT AID 602,728. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE INFORMATION IS POSTED ON THE INSTITUTION'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES THE FOLLOWING GOVERNMENTAL FINANCIAL AID AND ASSISTANCE: PELL GRANT, FEDERAL WORK STUDY, FSEOG (DEPT OF ED) WISCONSIN STATE GRANTS GOLF OUTING 24332 24332 7600 1593 7 GEN SUMMIT 8881 8881 6400 21971 1 7309 7309 2500 800 2977 40522 40522 7600 8900 800 26541 43841 -43841 1 SCHOLARSHIPS 79 158569 STUDENT GRANT AID 184 602728 PART I, LINE 2: STUDENTS AT LCOOU CAN QUALIFY FOR SCHOLARSHIPS BY FINDING SCHOLARSHIPS INDEPENDENTLY, OR BY COMMUNICATING WITH SEVERAL AREAS WITHIN THE UNIVERSITY. THE FINANCIAL AID DEPARTMENT AT LCOOU COMMUNICATES WITH STUDENTS OFTEN ABOUT THE VARIETY OF AVAILABLE SCHOLARSHIPS. THE FAO HAS A PAGE ON THE LCOOU WEBSITE DEDICATED TO SCHOLARSHIP OPPORTUNITIES THAT STUDENTS CAN APPLY FOR. THERE ARE INSTITUTIONAL SCHOLARSHIPS POSTED AS WELL AS STATE AND NATIONAL OPPORTUNITIES. THE FAO WILL COMMUNICATE WITH STUDENTS ABOUT THE LCOOU SCHOLARSHIP AND AICF SCHOLARSHIP HEAVILY BECAUSE MANY OF OUR STUDENTS CAN QUALIFY FOR THESE OPPORTUNITIES. FOR THE LCOOU SCHOLARSHIP, STUDENTS WILL COMPLETE THE APPLICATION AND SUBMIT THEIR APPLICATION TO THE FAO EITHER IN PERSON OR BY EMAIL. THEN ONCE THE DEADLINE HAS PASSED FOR THE SEMESTER, THE FA DIRECTOR WILL COMMUNICATE TO THE FA SCHOLARSHIP COMMITTEE TO READ AND SCORE THE SCHOLARSHIP APPLICATIONS. ONCE ALL APPLICATIONS ARE READ AND SCORED BY THE COMMITTEE AND THE FA DIRECTOR, THE FA DIRECTOR WILL AWARD THE VARIOUS AMOUNTS TO EACH STUDENT BASED ON THE SCORE THEY RECEIVED BY THE COMMITTEE, THEIR DEGREE, CUMULATIVE GPA, AND CREDIT LOAD. ONCE ALL STUDENTS HAVE BEEN PROCESSED, THE FA DIRECTOR WILL DISBURSE THEIR AWARD AND STUDENTS CAN VIEW THIS INFORMATION ON THEIR MYLCOOU ACCOUNT IF/WHEN THEY ARE AWARDED A SCHOLARSHIP. STUDENTS ARE NOTIFIED VIA EMAIL THAT THEIR MYLCOOU WAS UPDATED WITH FINANCIAL AID INFORMATION. FOR MORE INFORMATION ABOUT THE SCHOLARSHIPS THAT ARE DISCUSSED AS WELL AS SPECIFIC INFORMATION ABOUT THE LCOOU SCHOLARSHIP INCLUDING THE AMOUNTS, STUDENT ELIGIBILITY REQUIREMENTS, AND CRITERIA, PLEASE SEE OUR WEBSITE HERE: HTTPS://WWW.LCO.EDU/SCHOLARSHIPS X 1 0 X X X 0 0 0 0 0 0 0 0 0 RUSSELL SWAGGER PRESIDENT (THRU 4/25) 157053 0 25100 0 14977 0 6282 0 21300 0 224712 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE, RUSSELL SWAGGER, INCLUDED IN TAXABLE COMPENSATION FORM 990, PART VI, SECTION A, LINE 8B THE INSTITUTION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE INSTITUTION'S INDEPENDENT PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. THE FORM 990 IS REVIEWED BY CFO AND PRESIDENT. THE FORM 990 IS THEN PRESENTED TO THE BOARD OF REGENTS FOR THEIR APPROVAL PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION FOLLOWS THE LAC COURTE OREILLES CHARTER AUTHORITY FOR THEIR CONFLICT OF INTEREST POLICY. THE POLICY STATES THAT THE CHARTER AUTHORITY SHALL NOT ENTER INTO ANY CONTRACTS OR TRANSACTIONS WITH (A) ONE OR MORE MEMBERS OF THE CHARTER AUTHORITY; OR AN ORGANIZATION IN WHICH A MEMBER IS A DIRECTOR, OFFICER, OR LEGAL REPRESENTATIVE OR HAS A MATERIAL FINANCIAL INTEREST. AN EXCEPTION TO THIS RULE IS PERMISSIBLE WHEN THE MATERIAL FACTS OF THE CONTRACT OR TRANSACTION IN THE BOARD MEMBER'S INTEREST ARE FULLY DISCLOSED OR MADE KNOWN TO THE CHARTER AUTHORITY, AND THE CHARTER AUTHORITY AUTHORIZES, APPROVES, OR RATIFIES THE CONTRACT OR TRANSACTION IN GOOD FAITH BY AN AFFIRMATIVE VOTE OF A MAJORITY OF THE CHARTER AUTHORITY AT A MEETING IN WHICH THERE WAS A QUORUM WITHOUT COUNTING THE INTERESTED MEMBER. ALL CHARTER AUTHORITY MEMBERS SHALL DISCHARGE THEIR DUTIES IN GOOD FAITH AND IN A MANNER THAT THE MEMBER REASONABLY BELIEVES IS IN THE BEST INTEREST OF THE CHARTER AUTHORITY, AND WITH DUE DILIGENCE THAT AN ORDINARILY PRUDENT PERSON IN A SIMILAR POSITION WOULD EXERCISE UNDER SIMILAR CIRCUMSTANCES. IT IS EXPECTED THAT ALL MEMBERS WILL WORK IN A COMPETENT AND PROFESSIONAL MANNER THAT REFLECTS FAVORABLY ON THE CHARTER AUTHORITY AND THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15A TO DETERMINE THE PRESIDENT'S SALARY, THE HR DIRECTOR COMPLETES A MARKET ANALYSIS AMONG LIKE INSTITUTIONS AND PROVIDES THE DATA TO THE GOVERNING BOARD. THE GOVERNING BOARD DETERMINES THE SALARY BASED ON THIS DATA AND FISCAL RESOURCES; THEN A WRITTEN EMPLOYMENT CONTRACT IS CREATED. TO DETERMINE OTHER OFFICER'S AND KEY EMPLOYEES' SALARY, THE HR DIRECTOR COMPLETES A MARKET ANALYSIS AMONG LIKE INSTITUTIONS AND PROVIDES THIS DATA TO THE PRESIDENT TO REVIEW. THE PRESIDENT MAKES THE FINAL DECISION ON THE COMPENSATION AWARDED AND AUTHORIZES A WRITTEN EMPLOYMENT CONTRACT. THE PROCESS WAS LAST UNDERTAKEN IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE INSTITUTION DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.