2025-04-15T08:51:56-05:00 2024-05-31 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2023-06-01 741109748 TEXAS LUTHERAN UNIVERSITY TEXA 8303728016 1000 WEST COURT STREET SEGUIN TX 78155 EDIE RICHARDSON VP FOR FINANCE 8303728016 2025-04-14 1 0 REBECCA A RODRIGUEZ P01073764 2108286281 2025-04-14 2023 2025-03-06 01:10:19Z EDIE RICHARDSON 1000 WEST COURT STREET SEGUIN TX 78155 81153019 0 9386 X WWW.TLU.EDU X 1891 TX AS A COMMUNITY OF FAITH AND LEARNING, TEXAS LUTHERAN UNIVERSITY EMPOWERS A DIVERSE STUDENT BODY THROUGH AN EDUCATION CENTERED ON THE LIBERAL ARTS AND PROFESSIONAL PROGRAMS. SEE FORM 990, PART III, LINE 1 FOR CONTINUATION OF MISSION STATEMENT. 28 28 899 150 248 0 10265704 9365465 51278742 51917146 3476454 3309664 550338 435830 65571238 65028105 24209514 23509357 0 0 24267349 26079170 0 0 1602341 21378172 22206050 69855035 71794577 -4283797 -6766472 168614383 171203337 37874230 36215391 130740153 134987946 X AS A COMMUNITY OF FAITH AND LEARNING, TEXAS LUTHERAN UNIVERSITY EMPOWERS A DIVERSE STUDENT BODY THROUGH AN EDUCATION CENTERED ON THE LIBERAL ARTS AND PROFESSIONAL PROGRAMS. SEE SCHEDULE O FOR CONTINUATION OF MISSION STATEMENT. 0 0 41527032 23509357 44479850 INSTRUCTION (WHICH INCLUDES ALL EXPENSES FOR TEACHING) AND ACADEMIC SUPPORT (WHICH INCLUDES ACTIVITIES THAT SUPPORT TEACHING). TLU IS AN INDEPENDENT INSTITUTION OF THE LIBERAL ARTS, SCIENCES, AND PROFESSIONAL STUDIES WITH A DIVERSE STUDENT BODY OF APPROXIMATELY 1,400 STUDENTS. TLU ALSO OFFERS A MASTER'S DEGREE IN ACCOUNTING, A MASTER'S DEGREE IN ATHLETIC TRAINING, A MASTER'S DEGREE IN BUSINESS ADMINISTRATION, A MASTER'S DEGREE IN EDUCATION, A MASTER OF SCIENCE IN BUSINESS ANALYTICS, A MASTER OF SCIENCE IN DATA SCIENCE, AN ACCELERATED BACHELOR'S OF SCIENCE IN NURSING, A MASTER OF SCIENCE IN NURSING (DIRECT-ENTRY), AND A DOCTOR OF EDUCATION. CLASSES AVERAGE FEWER THAN 20 STUDENTS. APPROXIMATELY 95% OF TLU STUDENTS RECEIVE FINANCIAL ASSISTANCE. 11042649 1070923 STUDENT SERVICES INCLUDE EXPENSES THAT HELP FOSTER STUDENT ENGAGEMENT AND SUPPORT STUDENT NEEDS THROUGH VARIOUS AVENUES SUCH AS FINANCIAL AID SERVICES, CAREER SERVICES CENTER, HEALTH SERVICES, ATHLETICS, CAMPUS MINISTRY, CULTURAL EVENTS, GUEST SPEAKERS, STUDENT ORGANIZATIONS, AND VARIOUS ACTIVITIES FOR STUDENTS TO PARTICIPATE IN. 5873421 6656891 AUXILIARY SERVICES INCLUDE THE OPERATION OF THE DINING HALL, RESIDENCE HALLS, AND CAMPUS BOOKSTORE. 58443102 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 291 0 1 899 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 AK CO NH NV OR SC WA X X X EDIE RICHARDSON VP FOR FINANCE 8303728016 1000 WEST COURT STREET SEGUIN TX 78155 BOB OLIVER REGENT, CHAIR 2.50 X X 0 0 0 MIKE WASHINGTON REGENT, VICE-CHAIR 1.00 X X 0 0 0 ILENE GOHMERT-LECK REGENT, TREASURER 1.50 X X 0 0 0 STEVE RODE REGENT, SECRETARY 1.00 X X 0 0 0 MIKE APPLING REGENT/EXECUTIVE COMMITTEE 1.00 X 0 0 0 BARB BARTLING REGENT 1.00 X 0 0 0 RHONDA CALVERT REGENT 1.00 X 0 0 0 DEREK CANTU REGENT 1.00 X 0 0 0 TONY CANTY REGENT 1.00 X 0 0 0 DAN CHURCH REGENT 1.00 X 0 0 0 MICHAEL COFFEY REGENT 1.00 X 0 0 0 KATHY COLLINS REGENT 1.50 X 0 0 0 JESSIE EVERLINE REGENT 1.00 X 0 0 0 IRENE GARZA REGENT 1.00 X 0 0 0 KAREN KEGG REGENT 1.00 X 0 0 0 CHARLEY KITZMAN REGENT 1.50 X 0 0 0 GARY KOLKHORST REGENT 1.00 X 0 0 0 RICHARD MANSKE REGENT 1.00 X 0 0 0 ROBIN MELVIN REGENT 1.00 X 0 0 0 KENDRA MOHN REGENT/EXECUTIVE COMMITTEE 1.00 X 0 0 0 LUIS JAIME MORENO REGENT 1.00 X 0 0 0 LAURA O'DONNELL REGENT 1.00 X 0 0 0 GARY RISKE REGENT 1.50 X 0 0 0 JENNIFER SANDERS REGENT 1.00 X 0 0 0 DAVE SATHER REGENT/EXECUTIVE COMMITTEE 1.50 X 0 0 0 GARY VALDEZ REGENT 1.00 X 0 0 0 BRAD WEBB REGENT 1.00 X 0 0 0 MARK WHITT REGENT 1.00 X 0 0 0 DR DEBBIE COTTRELL PRESIDENT 40.00 1.00 X 257730 0 26973 DR SARAH FERGUSON VP FOR ACADEMIC AFFAIRS 40.00 X 154727 0 15513 SARAH STORY UNTIL 102023 VP FOR ENROLLMENT, MARKETING & COMMUNICATIONS 40.00 X 180265 0 13608 ALECIA MCCAIN VP FOR ENROLLMENT 40.00 X 79946 0 5441 EDIE RICHARDSON VP FOR FINANCE 40.00 1.00 X 164410 0 10878 DAVID ORTIZ VP FOR DIVERSITY, EQUITY & INCLUSION (UNTIL 08/202 40.00 1.00 X 159407 0 10556 WILLIAM SENTER VP FOR ADMINISTRATION & CHIEF TECHNOLOGY OFFICER 40.00 X 141621 0 14975 BETSY CLARDY UNTIL 52024 VP FOR DEVELOPMENT & ALUMNI RELATIONS 40.00 X 162577 0 18020 GOURJOINE M WADE VP FOR STUDENT LIFE/LEARNING 40.00 X 147637 0 9094 FERNANDO A GARZA ASSOCIATE PROFESSOR 40.00 X 132504 0 5664 AMY L HART CAMPUS EXECUTIVE & ASSISTANT DIRECTOR OF NURSING 40.00 X 119535 0 13220 E'LORIA SIMON-CAMPBELL CAMPUS EXECUTIVE & ASSISTANT DIRECTOR OF NURSING 40.00 X 117503 0 17962 DONNA SUE KUBENA INSTRUCTOR 40.00 X 112225 0 12133 JESUS S CARMONA ASSOCIATE PROFESSOR 40.00 X 113131 0 17456 2043218 0 191493 15 0 1 0 SYNERGIS EDUCATION INC 1201 S ALMA SCHOOL RD STE 9500 MESA AZ 852101119 MARKETING AND ADMISSION SERVICES 4132935 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 303536922 FOOD SERVICE 2250707 PFLUGER ASSOCIATES ARCHITECTS 209 E RIVERSIDE DRIVE AUSTIN TX 787041203 ARCHITECT 1281126 TRANE US INC PO BOX 406469 ATLANTA GA 303846469 HVAC 439318 GRAGG ADVERTISING LLC 5200 METCALF AVE SUITE 302 OVERLAND PARK KS 66202 ADVERTISING MARKETING FIRM 427844 12 194604 162400 3275169 5733292 699752 9365465 TUITION AND FEES 611600 44479850 44479850 AUXILIARY ENTERPRISES 611600 6366373 6366373 OTHER REVENUE 611600 1070923 1070923 51917146 1136923 248 1136675 135445 135445 17115109 14942368 2172741 2172741 2172741 135618 194604 125751 9867 9867 1347313 1056795 290518 290518 65028105 52207664 248 3454728 23509357 23509357 1569472 1569472 18834548 15528780 2404823 900945 691942 548297 102736 40909 3524098 2225805 1120890 177403 1459110 1098788 284657 75665 30051 960 29091 107328 107328 168279 168279 7039108 4096873 2774181 168054 274222 244964 19962 9296 1412069 1195568 153155 63346 1663606 1348900 307384 7322 3717390 3475957 159418 82015 795102 9373 785678 51 2955432 2428557 513692 13183 620269 22835 597434 EQUIPMENT RENTAL AND MA 1441271 1063427 375239 2605 BOOKS/SUBSCRIPTIONS/SOF 1162855 867354 245217 50284 EQUIPMENT 574723 494260 76661 3802 RECOGNITION AND HONORIU 123396 118802 2002 2592 120949 164245 -48165 4869 71794577 58443102 11749134 1602341 46785 49225 2536039 622490 1220044 1278022 568256 799565 176922 21791 284211 327160 2388578 2225857 135486180 75101138 61468198 60385042 48536717 52194922 45092719 47803277 6295914 5495986 168614383 171203337 4430576 3991279 3009750 2968959 21056008 20605289 9377896 8649864 37874230 36215391 X 41772530 36266039 88967623 98721907 130740153 134987946 168614383 171203337 X -6766472 9133312 1880953 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 78659216 2666145 10398636 3705606 1585379 2787859 83645153 86318111 2941335 -1463107 3920997 1669050 3547076 78659216 94700038 4098575 -6806242 3181597 1381539 1111124 86318111 77517337 1974719 22192054 3286934 1500293 2196845 94700038 80002339 1079233 1160905 2840631 1319319 565190 77517337 0.12300 0.78096 0.09604 1 1 0 4500 4225584 4230084 77586691 38916644 38670047 30778602 17416302 13362300 21393971 18768192 2625779 1496832 1496832 60385042 ALTERNATIVE INVESTMENTS 29175845 F ENDOWMENT FUND AND BENEFICIAL INT TRUSTS 15938615 F MINERAL RIGHTS AND ROYALTIES 290370 F SHORT-TERM INVESTMENTS 2398447 F 47803277 ADVANCES FROM US GOV'T FOR STUDENT LOANS 834591 LIABILITIES RELATED TO SPLIT-INTEREST AGREEMENTS 652725 ASSET RETIREMENT OBLIGATION 1281326 LEASE LIABILITIES 5881222 8649864 X 54073980 9133312 3590199 12723511 41350469 168279 23509357 23677636 65028105 49667087 1550146 1550146 48116941 168279 23509357 23677636 71794577 PART III, LINE 4: THE UNIVERSITY ACCEPTS ARTWORK, ARTIFACTS OR SIMILAR ITEMS FROM DONORS IF SUCH ITEMS PROVIDE A DECORATIVE OR ACADEMIC PURPOSE. AS SUCH, THESE ITEMS MAY BE UTILIZED AS DECORATIONS OR INFORMATIVE EXHIBITS WITHIN THE UNIVERSITY LIBRARY AND ACADEMIC BUILDINGS. WHILE THE UNIVERSITY ACCOUNTS FOR SUCH ITEMS IN TERMS OF INSURING THE CONTENTS OF UNIVERSITY BUILDINGS, THESE COLLECTIONS ARE NOT VALUED AS ASSETS ON THE FINANCIAL STATEMENTS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 700 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BOARD TO FUNCTION AS ENDOWMENTS. THE UNIVERSITY'S OBJECTIVE IS TO MAINTAIN THE PURCHASING POWER OF ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X, LINE 2: THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2024 AND 2023. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN SPLIT-INTEREST AGREEMENTS 1,880,953. BOOKSTORE EXPENSES 1,056,795. FUNDRAISING EXPENSES 125,751. WESTON RANCH FOUNDATION - REVENUE 526,700. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 23,509,357. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE EXPENSES 1,056,795. FUNDRAISING EXPENSES 125,751. WESTON RANCH FOUNDATION - EXPENSES 367,600. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 23,509,357. PART XI AND PART XII: THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE ACCOUNTS OF TLU AND THE WESTON RANCH FOUNDATION. THE PURPOSE OF THE FOUNDATION IS TO CONDUCT SUPPORTING ACTIVITIES FOR TLU IN CONNECTION WITH ITS ENVIRONMENTAL PROGRAMS, CAMPUS MINISTRIES AND COMMUNITY RELATIONS. THE FOUNDATION IS NOT INCLUDED IN TLU'S FORM 990 BECAUSE IT FILES A SEPARATE FORM 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PRINT MEDIA INCLUDING ANNUAL CATALOG STATING "TEXAS LUTHERAN UNIVERSITY IS OPEN TO ALL PERSONS COMMITTED TO AND PREPARED FOR A QUALITY EDUCATION WITHOUT REGARD TO RACE, AGE, SEX, COLOR, NATIONAL ORIGIN, RELIGION, DISABILITY OR SEXUAL ORIENTATION." SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FROM THE FOLLOWING GOVERNMENTAL AGENCIES: THE UNITED STATES DEPARTMENT OF EDUCATION NATIONAL SCIENCE FOUNDATION CORPORATION OF NATIONAL AND COMMUNITY SERVICE DEPARTMENT OF ENERGY HIGHER EDUCATION EMERGENCY RELIEF FUND HEALTH RESOURCES AND SERVICES ADMINISTRATION NATIONAL ENDOWMENT FOR THE ARTS TEXAS COMPTROLLER TEXAS HIGHER EDUCATION COORDINATING BOARD CORPORATION OF NATIONAL AND COMMUNITY SERVICE TEXAS STATE BOARD OF PUBLIC ACCOUNTANCY CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 13014077 0 0 0 0 0 0 13014077 0 13014077 1 0 0 1 0 0 FRONT ROW 330222 194604 135618 95780 29971 330222 194604 135618 95780 29971 125751 9867 1 FEDERAL AND STATE GRANTS AND INSTITUTIONAL SCHOLARSHIPS AWARDED TO STUDENTS 1348 23509357 0 N/A N/A PART I, LINE 2: TLU FOLLOWS THE RULES AND REGULATIONS IN TERMS OF PROCEDURES PROVIDED BY THE U.S. DEPARTMENT OF EDUCATION AND ALL GRANTING AGENCIES. PRIVATE GRANTS ARE HANDLED BY DEVELOPMENT AND FINANCIAL SERVICES AND ALL REQUIRED REPORTS ARE SUBMITTED TO THE TEXAS HIGHER EDUCATION COORDINATING BOARD AND APPROPRIATE AGENCIES. ADDITIONALLY, TLU UNDERGOES AN AUDIT AS SET FORTH IN THE SINGLE AUDIT ACT AND OMB CIRCULAR A-133. X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 DR DEBBIE COTTRELL PRESIDENT 257730 0 0 0 0 0 15930 0 11043 0 284703 0 0 0 SARAH STORY UNTIL 102023 VP FOR ENROLLMENT, MARKETING & COMMU 140945 0 0 0 39320 0 8621 0 4987 0 193873 0 0 0 BETSY CLARDY UNTIL 52024 VP FOR DEVELOPMENT & ALUMNI RELATION 162577 0 0 0 0 0 0 0 18020 0 180597 0 0 0 EDIE RICHARDSON VP FOR FINANCE 164410 0 0 0 0 0 9839 0 1039 0 175288 0 0 0 DR SARAH FERGUSON VP FOR ACADEMIC AFFAIRS 154727 0 0 0 0 0 9548 0 5965 0 170240 0 0 0 DAVID ORTIZ VP FOR DIVERSITY, EQUITY & INCLUSION 159407 0 0 0 0 0 9548 0 1008 0 169963 0 0 0 GOURJOINE M WADE VP FOR STUDENT LIFE/LEARNING 147637 0 0 0 0 0 0 0 9094 0 156731 0 0 0 WILLIAM SENTER VP FOR ADMINISTRATION & CHIEF TECHNO 141621 0 0 0 0 0 8657 0 6318 0 156596 0 0 0 PART I, LINE 1A THE PRESIDENT RESIDES IN A HOME ON CAMPUS IN ORDER TO ENGAGE WITH THE CAMPUS COMMUNITY AND AS PART OF THE EMPLOYMENT CONTRACT. THE PRESIDENT ALSO RECEIVES MAID SERVICES FOR THE HOUSE. PART I, LINE 1B THE ORGANIZATION FOLLOWS A WRITTEN POLICY FOR REIMBURSEMENT OF ALL TLU BUSINESS EXPENSES. PART I, LINE 4A * SARAH STORY (UNTIL 10/2023), VP FOR ENROLLMENT, MARKETING & COMMUNICATIONS, RECEIVED $39,320 SEVERANCE PAYMENT. A CITY OF OLMOS PARK TX HIGHER ED FACILITIES CORP 741109748 2016-11-29 9875000 TO REFUND OUTSTANDING OBLIGATIONS OF SERIES 2007 BOND, HVAC EXPANSION PROJ. 0 0 0 B CITY OF SEGUIN HIGHER ED FACILITY 741109748 2022-06-07 13215000 TO REFUND OUTSTANDING DEBT OBLIGATIONS OF SERIES 2011 & 2013 BONDS 0 0 0 A 2065000 9875000 5090000 152699 2632301 2000000 0 0 1 1 B 200000 13215000 12940000 145055 129945 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 X 24 542562 FAIR MARKET VALUE X OTHER 8 157190 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF ITEMS RECEIVED FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION (CONT): IN PURSUIT OF A MORE JUST WORLD, TLU IS COMMITTED TO ACADEMIC EXCELLENCE, SERVANT LEADERSHIP, AND CAREER DEVELOPMENT. THE MISSION IS BUILT ON THE CORE VALUES OF EDUCATION, COMMUNITY, AND FAITH, EACH LINKED DIRECTLY TO HOW WE SERVE OUR STUDENTS. EDUCATION: SERVICE TO OUR STUDENTS, WE ARE COMMITTED TO OFFERING ACCESS AND OPPORTUNITY TO PURSUE INTELLECTUAL GROWTH IN AN ENVIRONMENT THAT FOSTERS OPEN DIALOGUE AND THE FREEDOM TO SHARE AND DISCOVER DIVERSE THOUGHTS AND IDEAS. COMMUNITY: IN SERVICE TO OUR STUDENTS, WE ARE COMMITTED TO PROVIDING A SUPPORTIVE AND INCLUSIVE ENVIRONMENT THAT EMPHASIZES THE RESPECT OF ALL ITS MEMBERS. THROUGH OUR LEADERSHIP AND SERVICE, WE SEEK TO SUPPORT JUSTICE AND PROMOTE THE COMMON GOOD. FAITH: IN SERVICE TO OUR STUDENTS, WE ARE COMMITTED TO OPERATING AT THE INTERSECTION OF FAITH AND LEARNING WHICH INVITES EXPLORATION AND DISCOVERY THROUGH SPIRITUAL AND EDUCATIONAL GROWTH CREATING BOLD LEADERS WHO PURSUE LIVES OF PURPOSE AND MEANING. FORM 990, PART VI, SECTION A, LINE 7A TEXAS LUTHERAN UNIVERSITY CORPORATION - TEXAS LUTHERAN UNIVERSITY IS A UNIVERSITY OF THE EVANGELICAL LUTHERAN CHURCH OF AMERICA (ELCA). IT IS A NON-PROFIT CORPORATION OF THE STATE OF TEXAS. THE NORTHERN TEXAS-NORTHERN LOUISIANA, SOUTHWESTERN TEXAS, AND TEXAS-LOUISIANA GULF COAST SYNODS OF THE ELCA EACH ELECT NINE MEMBERS OF THE CORPORATION. THE BOARD OF REGENTS ALSO ELECTS NINE MEMBERS OF THE CORPORATION, AND THE BISHOPS OF THE THREE SYNODS ARE EX OFFICIO MEMBERS. THE CORPORATION, WHICH MEETS ANNUALLY ON CAMPUS, ELECTS THE MEMBERS OF THE BOARD OF REGENTS AND HAS THE AUTHORITY TO AMEND THE UNIVERSITY'S ARTICLES OF INCORPORATION AND BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B THE CORPORATION BOARD MEETS ONCE A YEAR TO APPROVE NEW BOARD MEMBERS AND REVIEW AND APPROVE THE AUDIT. FORM 990, PART VI, SECTION B, LINE 11B THE VP FOR FINANCE REVIEWS THE FORM 990 AND EMAILS AN ELECTRONIC COPY OF THE RETURN TO THE BOARD OF REGENTS FOR THEIR REVIEW. THE BOARD IS GIVEN ONE WEEK TO PROVIDE COMMENTS. AT THE END OF THE COMMENT PERIOD ANY REQUESTED CHANGES ARE MADE AND THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EVERY BOARD OF REGENTS MEMBER IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. IF A CONFLICT OF INTEREST EXISTS, THE BOARD OF REGENTS IS MADE AWARE AND THE BOARD MEMBER DOES NOT SPEAK NOR VOTE ON ANY RELATED ISSUES. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S PRESIDENT INCLUDE A REVIEW AND APPROVAL BY THE BOARD OF REGENTS. THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT'S COMPENSATION AND MAKES A RECOMMENDATION TO THE BOARD OF REGENTS. COMPENSATION FOR OTHER INDIVIDUALS ARE SET AT THE PRESIDENT'S DISCRETION. FORM 990, PART VI, SECTION C, LINE 18 THREE YEARS OF FORM 990 ARE AVAILABLE ON WWW.TLU.EDU WEBSITE. FORM 990-T IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST; THE THREE MOST RECENT FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGES IN SPLIT-INTEREST AGREEMENTS 1,880,953. FORM 990, PART IV, LINE 12, AUDITED FINANCIAL STATEMENTS: THE FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION DOES HAVE A COMMITTEE THAT IS RESPONSIBLE UNDER ITS GOVERNING DOCUMENTS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WESTON RANCH FOUNDATION 1000 W COURT ST SEGUIN TX 78155 710932352 SUPPORT TEXAS LUTHERAN UNIVERSITY TX 501(C)(3) LINE 12D, III-O TEXAS LUTHERAN UNIVERSITY 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WESTON RANCH FOUNDATION C 162400 CASH