Lawrence Technological University

Organization Overview

Lawrence Technological University is located in Southfield, MI. The organization was established in 1937. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Lawrence Technological University employed 1,264 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence Technological University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Lawrence Technological University generated $77.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $79.0m during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

A HIGHER EDUCATIONAL UNIVERSITY BY ITS MISSION TO DEVELOP LEADERS THROUGH INNOVATIVE AND AGILE PROGRAMS EMBRACING THEORY AND PRACTICE. THE UNIVERSITY'S VISION IS TO BE A PREEMINENT PRIVATE UNIVERSITY PRODUCING LEADERS WITH AN ENTREPRENEURIAL SPIRIT AND GLOBAL VIEW.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HIGHER EDUCATION : ASSOCIATES, BACCALAUREATE, GRADUATE PROGRAM SERVICES WERE PROVIDED TO 3,614 STUDENTS AND 646 RECEIVED DEGREES. THIS ACTIVITY CONTRIBUTES IMPORTANTLY TO THE UNIVERSITY'S PURPOSE BY PROVIDING FUNDING FOR EDUCATIONAL SERVICES AT LESS THAN THE AGGREGATE COSTS OF THESE SERVICES. THIS IS THE EXEMPT PURPOSE OF THE UNIVERSITY.


HIGHER EDUCATION : CAMPUS APARTMENTS, RESIDENCES, AND RESIDENTIAL SERVICES WERE PROVIDED FOR 975 STUDENTS PRIMARILY IN HOUSING. THESE ACTIVITIES ARE IMPORTANT COMPONENTS FOR THE UNIVERSITY'S PRIMARY EXEMPT PURPOSE OF PROVIDING EDUCATIONAL SERVICES. THESE ACTIVITIES INCLUDE HOUSING, CAFETERIA SERVICES, BOOKSTORE SERVICES, AND OTHER RELATED SERVICES DEEMED NECESSARY FOR THE STUDENTS.


HIGHER EDUCATION : STUDENT ACTIVITIES - ACADEMIC ASSOCIATIONS, STUDENT GOVERNMENT, RECREATIONAL AND ATHLETIC PROGRAMS. PARTICIPATION IN VARIOUS ASSOCIATIONS WERE USED BY 2,721 STUDENTS. THESE ACTIVITIES ARE IMPORTANT COMPONENTS FOR THE UNIVERSITY'S PRIMARY EXEMPT PURPOSES OF PROVIDING EDUCATIONAL SERVICES. THESE ACTIVITIES INCLUDE LIBRARY, COPIER, TRANSCRIPTS, FINES AND OTHER VARIOUS SERVICES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ellucian Co
It Services
$215,133
Rami Al Lulu
Web Development
$207,159
Carnegie Dartlet
Marketing Services
$260,573
Eddy Holdings
Enrollment Mgt Services
$1,070,513
Yellow Flag Productions
Advertising
$1,376,950
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,192,636
All other contributions, gifts, grants, and similar amounts not included above$5,072,038
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$9,264,674
Total Program Service Revenue$65,457,021
Investment income $2,898,402
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$416,464
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $77,203,633

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Lawrence Technological University has recieved totaling $4,000.

Awarding OrganizationAmount
Hollingsworth Logistics Group Foundation

Dearborn, MI

PURPOSE: SCHOLARSHIPS

$3,000
Myer & Lois Franklin Charitable Tr

Jackson, MI

PURPOSE: SCHOLARSHIP

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$57,917,708
Earnings-$6,982,097
Net Contributions$803,051
Other Expense$4,054,193
Ending Balance$47,684,469

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