Lawrence Technological University
73% goes to programs $44 to raise $100 Strong reserves Growing revenue
Lawrence Technological University is a 501(c)(3) organization based in Southfield, Michigan, registered in 1937, with $91,537,631 in FY2024 revenue. CharityIndex grades it B, and it directs about 73% of spending to programs.
21000 W 10 Mile Rd, Southfield, MI, 48075 EIN 38-1369604 Since 1937
Revenue (FY2024)
$91.5M
▼ 0.7% vs prior year
Education median: $200K
Expenses (FY2024)
$102.3M
Net assets
$126.0M
Employees
1,514
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
CProgram efficiency40% of the rating73% to programs · $44 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Lawrence Technological University: 73% to programs · $44 to raise $100 earns a C on this criterion. See the exact thresholds →
C+Financial health25% of the rating15 mo reserves · -12% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lawrence Technological University: 15 mo reserves · -12% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Lawrence Technological University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lawrence Technological University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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.
What they do
Higher education : campus apartments, residences, and residential services were provided for 977 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 3,108 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.
Contact & location
- Address
- 21000 W 10 Mile Rd, Southfield, MI, 48075
- City
- Southfield
- State
- Michigan
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $87.7M (FY2013) to $91.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $78.9MNet assets $126.0M
Operating margin
-11.8%
Spent more than it raised in the latest fiscal year.
Total assets
$204.9M
Total liabilities
$78.9M
Net assets
$126.0M
Salaries & benefits
$54.1M
53% of expenses
Board members
19
18 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $91,537,631▼0.7% | $102,301,315▲8.9% | $126,031,102▼4.1% | $204,901,725▼3.2% | 990 |
| 2023 | $92,157,650▲12.7% | $93,982,611▲9.0% | $131,352,201▲4.1% | $211,692,673▲3.1% | 990 |
| 2022 | $81,742,284▲5.9% | $86,222,584▲9.2% | $126,204,711▼0.5% | $205,364,493▼0.5% | 990 |
| 2021 | $77,203,633▲5.4% | $78,988,180▲11.1% | $126,796,086▼10.2% | $206,424,495▼6.7% | 990 |
| 2020 | $73,258,942▲3.4% | $71,085,902▼0.4% | $141,126,189▲10.6% | $221,146,506▲3.8% | 990 |
| 2019 | $70,839,863▲6.6% | $71,386,597▲1.3% | $127,590,430▲0.8% | $213,033,011▼0.8% | 990 |
| 2018 | $66,465,628▲2.6% | $70,438,008▲4.3% | $126,600,531▼2.2% | $214,719,220▲0.9% | 990 |
| 2017 | $64,789,955▼1.8% | $67,554,845▲0.3% | $129,478,750▼1.0% | $212,826,385▲0.2% | 990 |
| 2016 | $65,948,850▼5.8% | $67,380,894▲4.3% | $130,727,184▲3.2% | $212,310,149▲14.4% | 990 |
| 2015 | $69,978,790▼4.9% | $64,586,669▲3.4% | $126,687,927▲3.8% | $185,642,855▲3.5% | 990 |
| 2014 | $73,609,159▼16.1% | $62,446,447▲8.2% | $122,014,831▲7.5% | $179,371,591▲12.2% | 990 |
| 2013 | $87,701,550 | $57,701,270▲2.4% | $113,451,512▲47.8% | $159,829,190▲30.7% | 990 |
| 2012 | — | $56,360,843▲2.3% | $76,779,090▲0.5% | $122,300,255▼3.5% | 990 |
| 2011 | — | $55,095,874▲1.9% | $76,419,277▼2.2% | $126,722,105▼3.1% | 990 |
| 2010 | — | $54,083,515▼5.1% | $78,165,525▲9.1% | $130,781,009▲9.1% | 990 |
| 2009 | — | $56,976,694 | $71,676,260 | $119,837,393 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Tarek Sobh — $791,903 (0.77% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Tarek Sobh | President | 40 | $791,903 |
| Nabil Grace | Vice President of Research and Scholarships | 40 | $430,631 |
| Daniel Radomski | Executive Director of Accelerator | 40 | $398,190 |
| Richard Heist | Provost | 40 | $295,720 |
| Pedro Guillen Gomez | Vp Accelerator | 40 | $287,437 |
| Linda Height | Chief Financial Officer | 40 | $274,963 |
| Lisa Kujawa | Vp of Enrollment Mgt | 40 | $251,001 |
| Karl Daubmann | Dean of Architecture | 40 | $239,589 |
| Maj Dean Mirmirani | Dean of Engineering | 40 | $236,660 |
| Kevin Finn | Vp of Philanthropy | 40 | $224,666 |
| Mary Schutten | Dean of Health Sciences | 40 | $221,320 |
| Patrick Nelson | Dean of Arts and Sciences | 40 | $216,320 |
| Matthew Cole | Dean of College of Management | 40 | $172,353 |
| Adnan R Munkarah Md | Board Member | 1 | — |
| Beverly Hannah-jones | Board Member | 1 | — |
| Daniel W Winey | Board Member | 1 | — |
| David B Wohleen | Board Member | 1 | — |
| David Nicholson | Board Member | 2 | — |
| Douglas E Ebert | Board Member | 1 | — |
| Dr Donna Bell | Board Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Yellow Flag Productions | Advertising | $4,224,037 |
| Janssen Refrigeration | Mechnical Eng | $677,114 |
| Bsn Sports-collegiate Pacific | Advertising | $391,130 |
| Ellucian Company | Computer Services | $284,476 |
| Hfh System | Physical Rehab For Athletes | $211,389 |
Grants received · $4.5M total
73 grants to Lawrence Technological University totaling $4.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Lawrence Technological University a legitimate nonprofit?
- Yes. Lawrence Technological University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-1369604, based in Southfield, Michigan. Donations are tax-deductible.
- What is Lawrence Technological University's EIN?
- Lawrence Technological University's Employer Identification Number (EIN) is 38-1369604.
- How much revenue does Lawrence Technological University report?
- Lawrence Technological University reported $91,537,631 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Lawrence Technological University's spending goes to programs?
- Lawrence Technological University spends about 73% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lawrence Technological University have?
- CharityIndex grades Lawrence Technological University B, based on program efficiency and fundraising cost.
- How much does Lawrence Technological University's highest-paid employee make?
- The highest reported compensation on Lawrence Technological University's latest Form 990 is $791,903, paid to Tarek Sobh (President).
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Data for Lawrence Technological University (EIN 38-1369604) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.