Totals
- Total revenue
- $39,654,957
- Total expenses
- $42,060,446
- Contributions and grants received
- $7,242,588
- Grants paid
- $16,144,868
- Program service revenue
- $31,021,262
- Investment income
- $1,391,107
- Other revenue
- $0
- Total assets, end of year
- $68,440,927
- Total liabilities, end of year
- $35,574,896
- Net assets or fund balances, end of year
- $32,866,031
- Program services expenses (Part IX)
- $35,740,490
- Management and general expenses
- $5,204,103
- Fundraising expenses
- $1,115,853
- Program service expenses (Part III)
- $35,740,490
Program services were 85.0% 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.
-
1e · Government grants (contributions)
$1,454,536
-
1f · All other contributions, gifts and grants
$5,788,052
-
1g · Noncash contributions included above
$226,373
-
2a · Program service revenue: TUITION AND FEES
total $26,827,446 · related or exempt $26,827,446
-
2b · Program service revenue: AUXILIARY OPERATIONS AND OTHER
total $4,193,816 · related or exempt $4,193,816
-
3 · Investment income
total $280,726 · excluded $280,726
-
4 · Income from investment of tax-exempt bond proceeds
total $119,459 · excluded $119,459
-
7a · Gross sales of assets other than inventory
securities $5,925,894
-
7b · Less cost or other basis and sales expenses
securities $4,868,768 · other assets $66,204
-
7c · Gain or loss
securities $1,057,126 · other assets -$66,204
-
7d · Net gain or loss
total $990,922 · excluded $990,922
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $16,144,868 · program services $16,144,868
-
5 · Compensation of officers, directors and key employees
total $853,970 · program services $263,976 · management and general $514,394 · fundraising $75,600
-
7 · Other salaries and wages
total $8,726,976 · program services $7,905,060 · management and general $451,168 · fundraising $370,748
-
9 · Other employee benefits
total $895,368 · program services $701,940 · management and general $177,443 · fundraising $15,985
-
10 · Payroll taxes
total $668,595 · program services $577,688 · management and general $66,930 · fundraising $23,977
-
11b · Fees: legal
total $380,221 · management and general $380,221
-
11c · Fees: accounting
total $72,150 · management and general $72,150
-
11g · Fees: other
total $3,908,169 · program services $2,537,360 · management and general $1,268,298 · fundraising $102,511
-
12 · Advertising and promotion
total $110,253 · program services $71,137 · management and general $4,997 · fundraising $34,119
-
13 · Office expenses
total $949,605 · program services $680,499 · management and general $230,200 · fundraising $38,906
-
14 · Information technology
total $456,436 · program services $246,216 · management and general $205,191 · fundraising $5,029
-
16 · Occupancy
total $1,407,871 · program services $471,115 · management and general $880,984 · fundraising $55,772
-
17 · Travel
total $937,327 · program services $904,746 · management and general $882 · fundraising $31,699
-
19 · Conferences, conventions and meetings
total $2,523 · program services $2,523
-
20 · Interest
total $1,901,972 · program services $1,525,350 · management and general $225,973 · fundraising $150,649
-
22 · Depreciation, depletion and amortization
total $1,147,001 · program services $917,601 · management and general $137,640 · fundraising $91,760
-
23 · Insurance
total $482,535 · program services $210,016 · management and general $272,519
-
24a · Other expenses: CONTRACTED DINING SVCS
total $1,844,398 · program services $1,843,818 · management and general $53 · fundraising $527
-
24b · Other expenses: BOOKSTORE COST OF GOODS
total $151,069 · program services $151,069
-
24e · All other expenses
total $1,019,139 · program services $585,508 · management and general $315,060 · fundraising $118,571
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20,983 · end of year $528,055
-
2 · Savings and temporary cash investments
beginning of year $144,937 · end of year $166,830
-
3 · Pledges and grants receivable
beginning of year $3,566,287 · end of year $2,992,852
-
4 · Accounts receivable
beginning of year $1,072,468 · end of year $1,043,407
-
8 · Inventories for sale or use
beginning of year $84,167 · end of year $56,650
-
9 · Prepaid expenses and deferred charges
beginning of year $212,727 · end of year $147,615
-
10a · Land, buildings and equipment: cost or other basis
$68,881,239
-
10b · Land, buildings and equipment: accumulated depreciation
$39,419,862
-
10c · Land, buildings and equipment, net
beginning of year $29,398,378 · end of year $29,461,377
-
11 · Investments: publicly traded securities
beginning of year $9,075,172 · end of year $6,958,381
-
13 · Investments: program-related
beginning of year $663,753 · end of year $395,193
-
15 · Other assets
beginning of year $26,834,500 · end of year $26,690,567
-
17 · Accounts payable and accrued expenses
beginning of year $2,908,568 · end of year $4,723,614
-
19 · Deferred revenue
beginning of year $729,233 · end of year $526,851
-
20 · Tax-exempt bond liabilities
beginning of year $28,873,114 · end of year $28,605,068
-
23 · Secured mortgages and notes payable
beginning of year $1,895,486 · end of year $842,651
-
25 · Other liabilities
beginning of year $1,141,002 · end of year $876,712
-
27 · Net assets without donor restrictions
beginning of year -$4,630,743 · end of year -$6,202,992
-
28 · Net assets with donor restrictions
beginning of year $40,156,712 · end of year $39,069,023
Mission and programs · 2023
Mission
LAKE ERIE COLLEGE PROVIDES AN EXCELLENT, INCLUSIVE, AND HIGHLY PERSONALIZED EDUCATION GROUNDED IN THE LIBERAL ARTS TRADITION. GUIDED BY HOPE AND CARE, OUR STUDENTS ARE EMPOWERED TO LEAD LIVES OF PERSONAL SIGNIFICANCE AND PROFESSIONAL SUCCESS AS GLOBAL CITIZENS.
-
THE COLLEGE PROVIDED INSTRUCTIONAL COURSES TO ITS 926 UNDERGRADUATE AND 310 GRADUATE STUDENTS IN ADDITION TO PROVIDING CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT COURSES AND WORKSHOPS. IT ALSO PROVIDED STUDENT SERVICES FOR ADMISSIONS, REGISTRATION, ADVISING, ATHLETIC PROGRAMS AND ACADEMIC SUPPORT INCLUDING LIBRARY RESOURCES, A LEARNING CENTER, ANIMAL CARE AND SUPPORT, AND FACULTY AND CURRICULUM DEVELOPMENT. AS NECESSARY AUXILIARY OPERATIONS, THE COLLEGE OPERATED RESIDENCE HALLS, DINING SERVICES, A BOOKSTORE, AND THE EQUESTRIAN CENTER, WHICH INCLUDES A HORSE ARENA, CLASSROOMS AND BOARDING FACILITIES.
Expenses $35,740,490 · Grants $16,144,868 · Revenue $31,021,262
As filed on the 2023 return.
Listed in Part VII
-
Bill HaagBILL HAAG
TREASURER (STARTING 10/28/23)
- Total calculated
- $0
- Hours/week
- 1
-
Ric SelbyRIC SELBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marilyn SchutzMARILYN SCHUTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carol NiemiCAROL NIEMI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert LeeROBERT LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob ZappitelliBOB ZAPPITELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brad HarmonBRAD HARMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan SerbinDAN SERBIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan SmithDAN SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donald PurtillDONALD PURTILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Doris BrayDORIS BRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Harold AndersonHAROLD ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JD IngallsJD INGALLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jen YorkoJEN YORKO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jesse StylesJESSE STYLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John PaganiniJOHN PAGANINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen WatsonKATHLEEN WATSON
BOARD CHAIR (STARTING 10/28/23)
- Total calculated
- $0
- Hours/week
- 1
-
Kevin MalecekKEVIN MALECEK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa WardLISA WARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike BryanMIKE BRYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy StillwagonNANCY STILLWAGON
BOARD PAST CHAIR (ENDING 10/28/23)
- Total calculated
- $0
- Hours/week
- 1
-
Pam MorsePAM MORSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ron BaumbergerRON BAUMBERGER
VICE CHAIR (STARTING 10/28/23)
- Total calculated
- $0
- Hours/week
- 1
-
Scott SchulickSCOTT SCHULICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shana MiskovskySHANA MISKOVSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve PerrySTEVE PERRY
BOARD PAST CHAIR (STARTING 10/28/23)
- Total calculated
- $0
- Hours/week
- 1
-
Sue EllisSUE ELLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Casey ObrienCASEY OBRIEN
DIRECTOR (ENDING 10/28/23)
- Total calculated
- $0
- Hours/week
- 1
-
Dana DennisDANA DENNIS
DIRECTOR (ENDING 10/28/23)
- Total calculated
- $0
- Hours/week
- 1
-
Don DecarloDON DECARLO
DIRECTOR (ENDING 10/28/23)
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth AbrahamELIZABETH ABRAHAM
DIRECTOR (ENDING 10/28/23)
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer SchullerJENNIFER SCHULLER
PRESIDENT
- Total calculated
- $215,169
- From this org
- $208,469
- From related orgs
- $0
- Other
- $6,700
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $208,469
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $6,700
- Filer's total
- $215,169
-
Jennifer KinnairdJENNIFER KINNAIRD
VICE PRESIDENT/PROVOST
- Total calculated
- $197,098
- From this org
- $172,677
- From related orgs
- $0
- Other
- $24,421
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $172,677
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $24,421
- Filer's total
- $197,098
-
Roger ChristiansonROGER CHRISTIANSON
CFO
- Total calculated
- $120,632
- From this org
- $108,276
- From related orgs
- $0
- Other
- $12,356
- Hours/week
- 40
-
Vanessa MajewskiVANESSA MAJEWSKI
SECRETARY
- Total calculated
- $60,335
- From this org
- $60,335
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Pamela HessPAMELA HESS
DEAN, EQUESTRIAN STUDIES
- Total calculated
- $132,358
- From this org
- $107,783
- From related orgs
- $0
- Other
- $24,575
- Hours/week
- 40
-
Johnathan TedescoJOHNATHAN TEDESCO
DEAN, NATURAL SCIENCES & MATH
- Total calculated
- $128,096
- From this org
- $128,096
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jennifer SampleJENNIFER SAMPLE
ADMISSIONS COORD & CLINICAL ASSOCIATE PROFESSOR
- Total calculated
- $123,136
- From this org
- $103,515
- From related orgs
- $0
- Other
- $19,621
- Hours/week
- 40
-
Sean KramerSEAN KRAMER
DIRECTOR, PHYSICIAN ASSIST
- Total calculated
- $142,250
- From this org
- $121,070
- From related orgs
- $0
- Other
- $21,180
- Hours/week
- 40
-
Carolyn KnoxCAROLYN KNOX
ASST PROF & ADMISSIONS CORDINATOR
- Total calculated
- $146,209
- From this org
- $109,853
- From related orgs
- $0
- Other
- $36,356
- Hours/week
- 40
-
Brian PoslerBRIAN POSLER
FORMER PRESIDENT
- Total calculated
- $264,665
- From this org
- $224,127
- From related orgs
- $0
- Other
- $40,538
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $224,127
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $40,538
- Filer's total
- $264,665
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
- 1a · Housing allowance or residence for personal use
- 1a · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 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
The filer's explanations (Part III)
- PART I, LINE 1A
- BENEFITS PROVIDED TO CERTAIN OFFICERS - THE COLLEGE PROVIDES THE MANOR HOUSE TO THE PRESIDENT TO LIVE IN. THE PRESIDENT CONDUCTS A SUBSTANTIAL AMOUNT OF BUSINESS AT MANOR HOUSE. THE COLLEGE PROVIDES CUSTODIAL SERVICES FOR THE CLEANING AND MAINTENANCE OF THE PROPERTY. THE HOUSING AND CUSTODIAL SERVICES ARE NOT TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT.
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 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531339349304028
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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