2025-05-13T04:48:42+00:00 2024-06-30 440160260 Forvis Mazars LLP 14221 Dallas Parkway Suite 400 Dallas TX 75254 990 2023-07-01 751081109 LeTourneau University LETO 9032334110 PO Box 7001 Longview TX 756077001 STEVEN MASON President 9032334110 2025-05-13 true Jeanette Verrelli P00742631 9727028262 2025-05-15 2023 2025-03-06 01:10:19Z STEVEN MASON PO Box 7001 Longview TX 756077001 104270262 false X WWW.LETU.EDU X 1946 TX LETU IS A PRIVATE, INTERDENOMINATIONAL, EVANGELICAL CHRISTIAN INSTITUTION OF MORE THAN 3,000 STUDENTS CLAIMING EVERY WORKPLACE AND EVERY NATION AS ITS MISSION FIELD. 25 22 1387 250 0 0 13904363 37951035 64025312 64105702 1232566 1801574 71705 100782 79233946 103959093 20446625 21097123 0 0 29853080 31035637 117061 117061 2254593 23305154 25890189 73721920 78140010 5512026 25819083 130732216 152992879 10798182 14000025 119934034 138992854 LETOURNEAU UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF CHRISTIAN HIGHER EDUCATION WHERE EDUCATORS ENGAGE LEARNERS TO NURTURE CHRISTIAN VIRTUE, TO DEVELOP COMPETENCY AND INGENUITY IN THEIR PROFESSIONAL FIELDS, TO INTEGRATE FAITH AND WORK, AND TO SERVE THE LOCAL AND GLOBAL COMMUNITY. false false 57118614 20432034 59380552 ON-CAMPUS STUDENT EDUCATION - LETU IS CONSISTENTLY RANKED BY US NEWS AND WORLD REPORT IN THE TOP TIER AMONG REGIONAL UNIVERSITIES IN THE WEST. LETU PROVIDES UNDERGRADUATE PROGRAMS FOR ON-CAMPUS STUDENTS IN ENGINEERING, TECHNOLOGY, THE LIBERAL ARTS, NURSING, BUSINESS, AERONAUTICAL SCIENCE, EDUCATION, AND THE SCIENCES AT THE CAMPUS IN LONGVIEW, TEXAS. A TOTAL OF 321 ON-CAMPUS UNDERGRADUATE STUDENTS GRADUATED DURING FISCAL YEAR 23/24. ADDITIONALLY, ON-CAMPUS GRADUATE PROGRAMS IN ENGINEERING ARE OFFERED. A TOTAL OF 7 ON-CAMPUS GRADUATE STUDENT GRADUATED DURING FISCAL YEAR 23/24. 4931981 618251 1252235 OTHER PROGRAM SERVICES INCLUDE TRANSACTIONS INVOLVED WITH SUMMER AND SPORTS CAMPS, EDUCATIONAL TRIPS, GOVERNMENT AND PRIVATE GRANTS FOR RESEARCH, AND THE UNIVERSITY'S PERFORMING ARTS CENTER. 3964095 46838 3472915 ONLINE STUDENT EDUCATION - LETU PROVIDES UNDERGRADUATE PROGRAMS FOR ONLINE STUDENTS IN BIBLICAL STUDIES, BUSINESS, COMPUTER INFORMATION SYSTEMS, CYBER SECURITY, CRIMINAL JUSTICE, EDUCATION, HEALTHCARE, HUMAN SERVICES, INTERDISCIPLINARY STUDIES, AND PSYCHOLOGY. A TOTAL OF 92 ONLINE UNDERGRADUATE STUDENTS GRADUATED DURING FISCAL YEAR 23/24. ADDITIONALLY, ONLINE GRADUATE PROGRAMS IN BUSINESS, EDUCATION, PSYCHOLOGY, AND HEALTHCARE ADMINISTRATION ARE OFFERED. A TOTAL OF 63 ONLINE GRADUATE STUDENTS GRADUATED DURING FISCAL YEAR 23/24. 66014690 true true false false false false true false true true false false true true false false true true false false false false true false false false false true true true false false false false false false false false false false true false false false false true true true false false true 180 0 true 1387 true true true false false false false true true false false false false false false X 25 22 true false false false false false false true true false false false true true true true true true true false X Lori Beaty 9032334111 PO BOX 7001 LONGVIEW TX 756077001 DR STEVEN MASON PRESIDENT 59.0 1.0 X X 348065 0 24611 JAMES SCHREDER TREASURER - TRUSTEE 3.0 X X 0 0 0 MERLE STOLTZFUS CHAIRMAN - TRUSTEE 3.0 X X 0 0 0 PAT BERTSCHE VICE CHAIR - TRUSTEE 3.0 X X 0 0 0 TOM BURT SECRETARY - TRUSTEE 3.0 X X 0 0 0 Bud McGuire Trustee 3.0 X 0 0 0 CURT FITCHETT TRUSTEE STARTED: 11/23 3.0 X 0 0 0 DANIEL DIFRANCESCO TRUSTEE 3.0 1.0 X 0 0 0 EUGENE FROST TRUSTEE 3.0 X 0 0 0 JAMES NOLT TRUSTEE 3.0 X 0 0 0 JASON MUEHLHOFF TRUSTEE: START 11/23 3.0 X 0 0 0 JOHN ROSS TRUSTEE 3.0 1.0 X 0 0 0 JOHN SOLHEIM TRUSTEE 3.0 X 0 0 0 JULIA REED TRUSTEE START: 11/23 3.0 X 0 0 0 Ladina Wingert Trustee 3.0 X 0 0 0 LOREN LEMAN TRUSTEE 3.0 X 0 0 0 MICHAEL MOSS TRUSTEE START: 11/22 3.0 X 0 0 0 MICHAEL SCHUTT TRUSTEE 3.0 X 0 0 0 MICHELE CHARLES TRUSTEE START: 11/22 3.0 X 0 0 0 NIKITA MUMPHREY TRUSTEE 3.0 X 0 0 0 PHIL BURKS TRUSTEE 3.0 X 0 0 0 ROBERT WALKER TRUSTEE START: 11/23 3.0 X 0 0 0 ROGER KIEFFER TRUSTEE 3.0 1.0 X 0 0 0 ROGERS POPE JR TRUSTEE 3.0 X 0 0 0 WAYNE STEEGE TRUSTEE 3.0 X 0 0 0 DR DALE LUNSFORD CHANCELLOR 60.0 X 426780 0 30100 MIKE HOOD VP FOR FINANCE AND ADMIN 60.0 X 154775 0 20441 DR BEN CALDWELL PROVOST 60.0 X 168153 0 19996 DR DON EGLE VICE PRESIDENT FOR MKTG & COMM 60.0 X 134664 0 11407 DR MATTHEW GREEN DEAN ENGINEERING & TECHNOLOGY 60.0 X 138629 0 17926 DR SCOTT ANSON PROFESSOR, MECHANICAL ENGINEER 60.0 X 142852 0 10321 KATHLEEN MAYS DEAN OF THE SCHOOL OF BUSINESS 60.0 X 134111 0 9470 TERRY A ZEITLOW VICE PRESIDENT DEVELOPMENT 60.0 X 150173 0 19196 1798202 0 163468 26 false true false Slingshot LP 1500 S Western Ave Marion IN 46953 Text Book Course Materials 757066 Ellucian Company LLC 62578 Collections Center Drive Chicago IL 60693 CLOUD ERP SOFTWARE SERVICES 712977 2 50000 1994418 35906617 121568 37951035 TUITION AND FEES 611710 53543989 53543989 AUXILIARY 611710 9749924 9749924 MISCELLANEOUS 611710 811789 811789 0 0 0 0 64105702 1957807 1957807 255609 154827 100782 0 100782 100782 109 156342 109 -156342 -156233 -156233 0 0 0 0 0 103959093 64105702 0 1902356 21097123 21097123 0 0 1189162 189081 903990 96091 23244846 19327476 2622693 1294677 1183875 976287 142190 65398 3702401 2968536 523175 210690 1715353 1373822 243925 97606 57106 5519 36536 15051 99095 95295 3800 117061 117061 35475 35475 7056838 5418026 1581261 57551 648018 112775 532186 3057 2835644 2109214 592961 133469 1075706 1075706 4725663 4408926 275615 41122 1451256 1197142 178322 75792 217845 123285 91440 3120 103862 97594 6268 5192853 4825985 327229 39639 771482 186614 584868 GRANT EXPENDITURES 1596559 1596559 TAXES 22787 726 21592 469 0 0 0 0 78140010 66014690 9870727 2254593 248630 457917 11997025 12572196 5306481 6797961 586250 41018043 0 0 0 0 617643 657017 139969 98271 762163 682445 158389181 97388157 60880286 61001024 19277179 16470332 0 0 30916590 13237673 130732216 152992879 3782364 0 2633481 8658004 2671039 1481970 0 0 1711298 3860051 10798182 14000025 X 87519222 76121572 32414812 62871282 119934034 138992854 130732216 152992879 X 25819083 182950 -6943213 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false 27831294 6984113 3923178 766761 513120 37458704 25621543 1715155 1953610 950079 508935 27831294 28532915 2216191 -4220285 893664 13614 25621543 22868311 605168 5936087 838445 38206 28532915 22054828 682371 611314 387549 92653 22868311 0.0201 0.823 0.1569 false true true 554179 554179 117306191 68202856 49103335 21430333 15615040 5815293 19098478 13570261 5528217 61001024 DEPOSITS 13988 CASH VALUE OF LIFE INSURANCE 6900 MINERAL RIGHTS 200 INVESTMENTS HELD IN TRUSTS 3724081 INTEREST IN AWS FDN ASSETS 1916595 INTEREST IN LETU FDN ASSETS 7052649 RIGHT OF USE ASSETS 523260 13237673 HELD IN CUSTODY FOR OTHERS 2889457 ANNUITY CONTRACTS AND TRUSTS 226331 DEPOSITS 212894 LEASE LIABILITIES 531369 3860051 88982826 182950 -15278569 -15095619 104078445 35475 -154827 -119352 103959093 57698084 690672 690672 57007412 35475 21097123 21132598 78140010 Schedule D, Part X ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part III, Line 4 Collections of art - description of collections THE SEFER HEBREW SCROLLS WILL BE ON DISPLAY TO EDUCATE ABOUT THE TRANSMISSION, PRESERVATION, AND TRANSLATION OF THE BIBLE. THIS WILL POSITIVELY IMPACT STUDENT'S APPRECIATION FOR GOD'S WORD. Schedule D, Part V, Line 4 Intended uses of endowment funds THE SOLE PURPOSE OF THE ENDOWMENT IS TO SUPPORT THE UNIVERSITY AND ITS MISSION OVER THE LONG TERM. PRESENTLY THE MAJORITY OF THE ENDOWMENT IS FOR GENERAL AND SPECIFIC STUDENT SCHOLARSHIPS, WITH THE REMAINDER IN SUPPORT OF AN ENGINEERING DEPARTMENT CHAIR, BUILDING MAINTENANCE, STUDENT AFFAIRS AND EDUCATIONAL SUPPORT SYSTEMS, INFORMATION TECHNOLOGY SUPPORT AND STUDENT REVOLVING LOANS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in Split Interest Agreements - 145622 Related Organization Revenues - 5672932 Institutional Financial Aid - -21097123 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Rental Expense - -154827 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental Expense - 154827 Related Organization Expenses - 535845 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Institutional Financial Aid - 21097123 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY WE ACTIVELY SEEK STUDENTS OF ALL RACES IN OUR ADMISSIONS EFFORTS. THE UNIVERSITY HAS A NONDISCRIMINATION POLICY AND A RACIALLY DIVERSE STUDENT BODY, FACULTY, AND STAFF. THE POLICY IS CONSISTENTLY COMMUNICATED. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT FINANCIAL AID RECEIVED FROM THE FEDERAL GOVERNMENT INCLUDES THE FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (FSEOG), FEDERAL STAFFORD LOANS, FEDERAL PARENT LOAN TO UNDERGRADUATE STUDENTS (PLUS), FEDERAL TEACH LOANS, AND FEDERAL COLLEGE WORK STUDY. X X X X X true EDWARDS AND CRESON LLC 14620 BARY RD ORLANDO FL 32832 CONSULTING false 0 117061 -117061 0 117061 -117061 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY true Institutional Scholarships 1308 21097123 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. GRANTS ARE AWARDED BASED ON ESTABLISHED CRITERIA FOR EACH GRANT. THE AVAILABILITY OF FUNDS, THE NEED PER FAFSA, AND THE DATE OF THE APPLICATION ARE ALSO CONSIDERED. THE FUNDS ARE AWARDED AND DISBURSED AFTER ALL ELIGIBILITY CRITERIA HAVE BEEN CONFIRMED. TUITION WAIVERS MUST FOLLOW THE APPROVAL PROCESS OUTLINED IN THE HUMAN RESOURCES HANDBOOK. WAIVERS ARE AWARDED AND DISBURSED BASED ON THE SCHOOL YEAR AND SEMESTER REGISTRATION. X X true true X X X false false false false false false false false false DR STEVEN MASON PRESIDENT 348065 0 0 0 0 0 16051 0 8560 0 372676 0 0 0 DR DALE LUNSFORD CHANCELLOR 347280 0 0 0 79500 0 21350 0 8750 0 456880 0 15785 0 MIKE HOOD VP FOR FINANCE AND ADMIN 154775 0 0 0 0 0 10376 0 10065 0 175216 0 0 0 DR BEN CALDWELL PROVOST 168153 0 0 0 0 0 12022 0 7974 0 188149 0 0 0 TERRY A ZEITLOW VICE PRESIDENT DEVELOPMENT 145173 0 5000 0 0 0 10095 0 9101 0 169369 0 0 0 DR SCOTT ANSON PROFESSOR, MECHANICAL ENGINEER 139852 0 3000 0 0 0 10013 0 308 0 153173 0 0 0 DR MATTHEW GREEN DEAN ENGINEERING & TECHNOLOGY 138629 0 0 0 0 0 9963 0 7963 0 156555 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel HOUSING FOR THE PRESIDENT IS PAID FOR BY THE UNIVERSITY. THE EXCLUSION RULES UNDER SECT. 119 ARE NOT MET, AND AS A RESULT, THE ALLOWANCE IS TAXABLE COMPENSATION TO THE PRESIDENT AND IS PROPERLY RECORDED AS SUCH ON HIS W-2. THE UNIVERSITY PROVIDES A COUNTRY CLUB MEMBERSHIP IN THE PRESIDENT'S NAME THAT IS USED FOR BUSINESS RELATED ENTERTAINING. ON OCCASION, THE UNIVERSITY HAS PURCHASED FIRST CLASS COMMERCIAL AIRFARE FOR THE PRESIDENT WHEN HIS SCHEDULE AND/OR SEAT AVAILABILITY REQUIRE IT. DR. DALE LUNSFORD, CHANCELLOR, ALSO RECEIVED A HOUSING ALLOWANCE AND AIRFARE IN TAX YEAR 2023. Schedule J, Part I, Line 1a Housing allowance or residence for personal use Dr. Dale Lunsford receives a taxable housing allowance. A LONGVIEW EDUCATION FINANCE CORPORATION 300640131 XXXXXXXXX 2010-08-31 15000000 EDUCATIONAL AND RELATED FACILITIES false false false A 13788402 15000000 168984 14831016 2014 false false true true A false false false false 0.0 0.0 0.0 false false true A false false false true false false false false true A true Schedule K, Part IV, Line 2c COLUMN A Issuer name: LONGVIEW EDUCATION FINANCE CORPORATION The calculation for computing no rebate due was performed on 09/01/2016 X 1 2000 Market value X 2 122826 Market value X 5 88756 Market value X 2006 Birel R32 Spring Go-Kart 1 3500 Market value X Kart parts and equipment 1 1585 Market value X Kart Frame and motor combo 1 2250 Market value X 2 Power Sources, 2 Wire Feeders, and welding consumables 1 20000 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - This number is the number of contributions. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons TRUSTEE LARRY MERCER - FATHER; TRUSTEE MICHELE CHARLES - DAUGHTER - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY THE ORGANIZATION'S CONTROLLER AND THEIR INDEPENDENT ACCOUNTING FIRM. THE FORM IS THEN REVIEWED BY THE VICE-PRESIDENT FOR FINANCE AND ADMINISTRATION AND THE PRESIDENT. Form 990, Part VI, Line 12c Conflict of interest policy A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED ANNUALLY BY ALL BOARD OF TRUSTEE MEMBERS AS WELL AS EXECUTIVE STAFF EMPLOYEES AND ALL EMPLOYEES WITH SIGNIFICANT PURCHASING AUTHORITY. ALL WRITTEN NOTICES OF DISCLOSURES ARE REVIEWED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. ALL DISCLOSURES OF REAL OR APPARENT CONFLICT OF INTEREST SHALL BE COMMUNICATED TO THE BOARD OF TRUSTEES. AN EMPLOYEE WHO BELIEVES THAT HE OR SHE OR A MEMBER OF HIS OR HER FAMILY MIGHT HAVE A REAL OR APPARENT CONFLICT OF INTEREST MUST ABSTAIN FROM: PARTICIPATING IN DISCUSSIONS OR DELIBERATIONS WITH RESPECT TO THE SUBJECT OF THE CONFLICT, USING HIS OR HER PERSONAL INFLUENCE TO AFFECT DELIBERATIONS, MAKING MOTIONS, VOTING, EXECUTING AGREEMENTS, OR TAKING SIMILAR ACTIONS ON BEHALF OF THE ORGANIZATIONS WHERE THE CONFLICT OF INTEREST MIGHT PERTAIN. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE PRESIDENT'S SALARY IS DETERMINED BY THE BOARD OF TRUSTEES. THE PROPOSED SALARY IS COMPARED TO THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) ADMINISTRATIVE COMPENSATION SURVEY, COUNCIL FOR CHRISTIAN COLLEGES AND UNIVERSITIES (CCCU) AND OTHER RELEVANT SURVEY DATA. DOCUMENTATION OF THE DELIBERATION AND DECISION IS RECORDED IN THE MINUTES FOR THE EXECUTIVE SESSION OF THE BOARD OF TRUSTEES ANNUALLY. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE VP FOR FINANCE AND ADMINISTRATION AND PROVOST SALARY ARE DETERMINED BY THE BOARD OF TRUSTEES. THE PROPOSED SALARY IS COMPARED TO THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) ADMINISTRATIVE COMPENSATION SURVEY, COUNCIL FOR CHRISTIAN COLLEGES AND UNIVERSITIES (CCCU) AND OTHER RELEVANT SURVEY DATA. DOCUMENTATION OF THE DELIBERATION AND DECISION IS RECORDED IN THE MINUTES FOR THE EXECUTIVE SESSION OF THE BOARD OF TRUSTEES ANNUALLY. Form 990, Part VI, Line 19 Required documents available to the public LETOURNEAU UNIVERSITY KEEPS ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ON SITE AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Split Interest Agreement - 145622; Change in Beneficial Interest in Foundation - 5137088; Removal of LeTourneau Foundation Net Assets - -12225923; FORM 990, PART VI, LINE 1A INDEPENDENT VOTING MEMBERS DR. STEVEN MASON IS A PAID EMPLOYEE OF THE ORGANIZATION. THEREFORE, HE IS CONSIDERED NON-INDEPENDENT. THE LETOURNEAU UNIVERSITY FOUNDATION 2100 SOUTH MOBBERLY AVENUE LONGVIEW TX 75602 832155629 SUPPORT LETU TX 501(c)(3) Type I LETU true CHARITABLE REMAINDER TRUSTS (2) Charitable Trusts TX NA Trust RG RESEARCH AND DEVELOPMENT INC 2100 SOUTH MOBBERLY AVENUE LONGVIEW TX 75602 921045834 SUPPORT TX LETU C Corporation -245891 128427 1.0000 true false false true true false false false false false false false false false true true false false true true RG RESEARCH AND DEVELOPMENT INC D 100000 FMV LETOURNEAU UNIVERSITY FOUNDATION C 50000 FMV