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← LAC COURTE OREILLES OJIBWE UNIVERSITY

Form 990 for tax year 2023

Filed by LAC COURTE OREILLES OJIBWE UNIVERSITY.

Totals

Total revenue
$9,074,208
Total expenses
$9,294,295
Contributions and grants received
$7,577,056
Grants paid
$1,102,175
Program service revenue
$1,123,617
Investment income
$316,253
Other revenue
$57,282
Total assets, end of year
$19,932,868
Total liabilities, end of year
$2,613,119
Net assets or fund balances, end of year
$17,319,749
Program services expenses (Part IX)
$6,078,571
Management and general expenses
$3,215,724
Fundraising expenses
$0
Program service expenses (Part III)
$6,078,571

Program services were 65.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $33,394

  • 1e · Government grants (contributions)

    $6,980,344

  • 1f · All other contributions, gifts and grants

    $563,318

  • 1g · Noncash contributions included above

    $7,270

  • 2a · Program service revenue: TUITION AND FEES

    total $1,123,617 · related or exempt $1,123,617

  • 3 · Investment income

    total $311,943 · excluded $311,943

  • 7a · Gross sales of assets other than inventory

    securities $10,738 · other assets $750

  • 7b · Less cost or other basis and sales expenses

    securities $7,178 · other assets $0

  • 7c · Gain or loss

    securities $3,560 · other assets $750

  • 7d · Net gain or loss

    total $4,310 · excluded $4,310

  • 8a · Fundraising events: gross income

    $5,000

  • 8a · Fundraising events: contributions included on line 1c

    $33,394

  • 8b · Fundraising events: direct expenses

    $14,082

  • 8c · Net income from fundraising events

    total -$9,082 · excluded -$9,082

  • 10a · Gross sales of inventory

    $9,345

  • 10b · Cost of goods sold

    $11,939

  • 10c · Net income from sales of inventory

    total -$2,594 · excluded -$2,594

  • 11d · All other revenue

    total $68,958 · excluded $68,958

  • 11e · Other revenue, total

    $68,958

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,102,175 · program services $1,102,175

  • 5 · Compensation of officers, directors and key employees

    total $371,245 · management and general $371,245

  • 7 · Other salaries and wages

    total $3,862,323 · program services $2,635,136 · management and general $1,227,187

  • 8 · Pension plan contributions

    total $83,843 · program services $56,348 · management and general $27,495

  • 9 · Other employee benefits

    total $500,324 · program services $327,887 · management and general $172,437

  • 10 · Payroll taxes

    total $309,167 · program services $193,445 · management and general $115,722

  • 11b · Fees: legal

    total $41,302 · management and general $41,302

  • 11c · Fees: accounting

    total $56,000 · management and general $56,000

  • 11f · Fees: investment management

    total $10,040 · management and general $10,040

  • 11g · Fees: other

    total $507,952 · program services $349,999 · management and general $157,953

  • 12 · Advertising and promotion

    total $92,046 · program services $4,000 · management and general $88,046

  • 13 · Office expenses

    total $395,782 · program services $235,100 · management and general $160,682

  • 14 · Information technology

    total $41,626 · program services $18,388 · management and general $23,238

  • 16 · Occupancy

    total $262,940 · program services $58,271 · management and general $204,669

  • 17 · Travel

    total $185,479 · program services $87,417 · management and general $98,062

  • 19 · Conferences, conventions and meetings

    total $52,617 · program services $21,000 · management and general $31,617

  • 22 · Depreciation, depletion and amortization

    total $870,246 · program services $870,246

  • 23 · Insurance

    total $95,625 · management and general $95,625

  • 24a · Other expenses: EVENTS

    total $118,237 · program services $47,413 · management and general $70,824

  • 24b · Other expenses: MEMBERSHIP DUES

    total $57,823 · program services $8,844 · management and general $48,979

  • 24c · Other expenses: EQUIPMENT

    total $57,269 · program services $23,941 · management and general $33,328

  • 24e · All other expenses

    total $220,234 · program services $38,961 · management and general $181,273

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $350

  • 2 · Savings and temporary cash investments

    beginning of year $3,423,657 · end of year $2,730,776

  • 3 · Pledges and grants receivable

    beginning of year $530,977 · end of year $433,875

  • 4 · Accounts receivable

    beginning of year $31,643 · end of year $326,121

  • 8 · Inventories for sale or use

    beginning of year $37,171 · end of year $64,241

  • 10a · Land, buildings and equipment: cost or other basis

    $19,300,483

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,636,856

  • 10c · Land, buildings and equipment, net

    beginning of year $13,541,178 · end of year $11,663,627

  • 11 · Investments: publicly traded securities

    beginning of year $4,325,360 · end of year $4,568,680

  • 15 · Other assets

    beginning of year $145,198 · end of year $145,198

  • 17 · Accounts payable and accrued expenses

    beginning of year $678,433 · end of year $361,308

  • 19 · Deferred revenue

    beginning of year $2,634,531 · end of year $2,251,811

  • 27 · Net assets without donor restrictions

    beginning of year $14,252,012 · end of year $12,605,871

  • 28 · Net assets with donor restrictions

    beginning of year $4,470,208 · end of year $4,713,878

Mission and programs · 2023

Mission

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.

  • PROVIDED INSTRUCTION IN ASSOCIATE DEGREE, BACHELOR DEGREE, MASTER DEGREE, DIPLOMA, AND CONTINUING EDUCATION PROGRAMS TO 39 STUDENTS IN THE SUMMER SEMESTER, 234 STUDENTS IN THE FALL SEMESTER, AND 168 STUDENTS IN THE SPRING SEMESTER.

    Expenses $6,078,571 · Grants $1,102,175 · Revenue $1,123,617

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JASON BISONETTE

    CHAIR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • MONICA ISHAM

    VICE CHAIR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • DARYL COONS JR

    SECRETARY

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • MARIE BASTY

    TREASURER

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • KYLE VAN ACKER

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • GARY GERBER

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • MELISSA LEWIS

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • RUSSELL SWAGGER

    PRESIDENT

    Total calculated
    $214,203
    From this org
    $187,946
    From related orgs
    $0
    Other
    $26,257
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,606
    Bonus
    $23,033
    Other
    $11,307
    Deferred
    $6,139
    Nontaxable benefits
    $20,118
    Filer's total
    $214,203

  • LYDIA DENASHA

    CFO

    Total calculated
    $104,688
    From this org
    $93,468
    From related orgs
    $0
    Other
    $11,220
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 March 2025
IRS schema version
2023v6.0
Source object
202531139349300313

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