Overview
What is Lawrence Technological University?
Lawrence Technological University is a higher education institution located at 21000 West Ten Mile Road, Southfield, Michigan, 48075. With a workforce of 1,352 employees, the university offers associates, baccalaureate, and graduate programs, serving 3,447 students and conferring degrees to 600 of them. The university's primary objective is to develop leaders through innovative and agile educational programs that blend theory and practice. Its mission focuses on producing graduates with an entrepreneurial spirit and global perspective. By providing these educational services, the university contributes significantly to its purpose while keeping costs below the aggregate expenses.
Official website here: www.ltu.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Lawrence Technological University has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a high score of 90% in this category, the organization demonstrates robust financial health and prudent management. Notably, it has a majority of independent board members, ensuring effective governance and oversight. The absence of material diversion of assets further underscores its commitment to transparency.
The university scores exceptionally well in leadership and adaptability, earning a perfect score of 100%. This indicates a strong investment in leadership development and a clear adaptability statement, showcasing its responsiveness to changing educational environments and needs. The commitment to maintaining high standards in these areas could have a positive impact on its overall mission.
While the overall feedback is highly favorable, the data primarily emphasizes financial and governance aspects. Additional insights into program effectiveness or community impact could provide a more comprehensive understanding of the organization's influence in the educational sector. Nonetheless, the current ratings reflect a well-managed institution with solid foundations for future growth.
This AI summary has been generated from information found on Charity Navigator.
Is Lawrence Technological University legitimate?
Lawrence Technological University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrence Technological University submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,363,620
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,878,178
For more financial information, click here
Official website here: www.ltu.edu
What is the mission statement of Lawrence Technological University?
Lawrence Technological University is committed to developing leaders through innovative and agile educational programs that integrate theory and practice. The institution's mission prioritizes the production of individuals with an entrepreneurial spirit and global perspective. In the academic year, over 3,000 students engaged in various Associates, Baccalureate, and Graduate programs. These programs not only provide valuable education but also contribute significantly to the University's purpose by generating funds for educational services at a cost below their aggregate value, making this the exempted goal of the University.
Official website here: www.ltu.edu
Who is the CEO of Lawrence Technological University?
Linda L Height is the Principal Officer of Lawrence Technological University.
Official website here: www.ltu.edu
What is the revenue of Lawrence Technological University?
Lawrence Technological University's revenue in 2023 was $81,742,284.
Official website here: www.ltu.edu
Who are the executives of Lawrence Technological University and what are their salaries?
The average compensation at Lawrence Technological University during 2023 was $30,504. There are 1352 employees at Lawrence Technological University.
Here are 27 key members and their salaries:
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Official website here: www.ltu.edu
Where can I find the form 990 for Lawrence Technological University?
Lawrence Technological University's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ltu.edu
Learn more at the official website: www.ltu.edu
Mission Statement of Lawrence Technological University
Lawrence Technological University, a higher educational institution, is dedicated to developing leaders with an entrepreneurial spirit and global perspective. The university's mission is to provide innovative and agile programs that blend theory and practice. By doing so, it contributes significantly to its purpose, offering educational services to 3,447 students, among whom 600 earned degrees. The University's financial support from these activities enables it to offer these services at a cost that is less than the total expense. This exempt function of the University is essential to its mission.
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Impact
October, 2024
Lawrence Technological University (LTU) plays a significant role in higher education, focusing on developing leaders equipped with an entrepreneurial spirit and a global perspective. With a robust offering of associates, baccalaureate, and graduate programs, LTU serves 3,447 students, demonstrating its commitment to accessible education. Out of these, 600 students successfully earned degrees, which reflects the university's effectiveness in fostering academic achievement.
The institution is dedicated to delivering innovative and agile educational programs that blend theoretical knowledge with practical application. This approach not only equips students with the necessary skills to thrive in dynamic professional environments but also contributes to the broader economic and social development of the Southfield, MI community and beyond. By offering quality education at a cost that is below aggregate market rates, LTU significantly enhances the educational landscape, ensuring that more individuals have the opportunity to advance their careers and contribute to society.
Overall, Lawrence Technological University is committed to creating leaders who are prepared to navigate and influence a constantly evolving world, thus making a meaningful impact on local and global levels.
This information is meant to be a general summary of Lawrence Technological University. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,985,070
- Program Service Revenue: $68,543,410
- Gross Receipts: $82,818,657
Assets and Liabilities:
- Total Assets: $205,364,493
- Total Liabilities: $79,159,782
- Net Assets: $126,204,711
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Organization Details
Founding Year
1932
Phone
(248) 204-4000Principal Officer
Linda L Height
Main Address
21000 West Ten Mile Road, Southfield, MI, 480751058
Website
www.ltu.eduNTEE Category
Code: B430 - Education
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