2022-04-13T15:47:59-05:00 2021-05-31 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2020-06-01 741109748 TEXAS LUTHERAN UNIVERSITY TEXA 8303728016 1000 WEST COURT STREET SEGUIN TX 78155 EDIE RICHARDSON VP FOR FINANCE 8303728016 2022-04-12 1 EDIE RICHARDSON 999009999 JOSEPHINE BEHREND P00715390 2108286281 2022-04-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z EDIE RICHARDSON 1000 WEST COURT STREET SEGUIN TX 78155 70065573 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. 26 26 784 150 0 0 8861985 11607122 49362634 50265396 1584200 3693649 506567 407840 60315386 65974007 27197429 26749379 0 0 20833584 20671548 0 0 1078097 14690424 16171305 62721437 63592232 -2406051 2381775 162850591 185089532 41805323 40565022 121045268 144524510 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. 1 0 41895377 26749379 45180989 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 1,475 STUDENTS. TLU ALSO OFFERS A MASTER'S DEGREE IN ACCOUNTING, A MASTER'S DEGREE IN ATHLETIC TRAINING, A MASTER'S DEGREE IN DATA ANALYTICS, A MASTER'S DEGREE IN EDUCATION, AND AN ACCELERATED BACHELORS OF SCIENCE IN NURSING. CLASSES AVERAGE FEWER THAN 20 STUDENTS. APPROXIMATELY 95% OF TLU STUDENTS RECEIVE FINANCIAL ASSISTANCE. 6904596 476414 STUDENT SERVICES INCLUDES STUDENT ACTIVITIES, ATHLETICS, FINANCIAL AID, HEALTH CENTER AND OTHER STUDENT-RELATED SUPPORT SERVICES. 4984457 4886351 AUXILIARY SERVICES INCLUDES THE OPERATION OF THE DINING HALL, RESIDENCE LIFE, AND CAMPUS BOOKSTORE. 53784430 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 1 169 0 1 784 1 0 1 CJ 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 0 1 0 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 DR DEBBIE COTTRELL PRESIDENT 40.00 1.00 X 222309 0 26096 SARAH STORY VP FOR ENROLLMENT, MARKETING & COMMUNICATIONS 40.00 X 138918 0 13030 KRISTI GOLD QUIROS VP & DEAN STUDENT LIFE/LEARNING (UNTIL 07/31/20) 40.00 1.00 X 132340 0 12702 WILLIAM SENTER VP FOR ADMINISTRATION AND CHIEF TECHNOLOGY OFFICER 40.00 1.00 X 131464 0 12938 PAMELA RENEE REHFELD VP FOR DEVELOPMENT 40.00 1.00 X 119811 0 20152 EDIE RICHARDSON VP FOR FINANCE 40.00 1.00 X 131754 0 7360 REZA ABBASIAN PROFESSOR 40.00 X 110580 0 9980 ALICIA BRINEY PROFESSOR 40.00 X 109569 0 10195 JOHN SIEBEN PROFESSOR 40.00 X 101421 0 10540 FERNANDO GARZA PROFESSOR 40.00 X 106496 0 4599 AMIE BEDGOOD PROFESSOR/DIRECTOR OF NURSING 40.00 X 104641 0 4740 DR SARAH FERGUSON VP FOR ACADEMIC AFFIARS 40.00 1.00 X 83237 0 3810 DR ANNETTE CITZLER INTERIM VP FOR ACADEMIC AFFAIRS (UNTIL 06/30/20) 40.00 1.00 X 66395 0 7788 DAVID ORTIZ VP FOR DIVERSITY, EQUITY AND INCLN (BEGAN 02/2021) 40.00 1.00 X 0 0 0 WES PEOPLES REGENT, CHAIR 1.00 X X 0 0 0 LEWIS F WESTERMAN REGENT, CHAIR (UNTIL 01/16/21) 1.00 X X 0 0 0 DAN CHURCH REGENT, VICE CHAIR 1.00 X X 0 0 0 ILENE GOHMERT-LECK REGENT, TREASURER 1.00 X X 0 0 0 SUSAN EVERS REGENT, SECRETARY 1.00 X X 0 0 0 MIKE APPLING REGENT 1.00 X 0 0 0 BARB BARTLING REGENT 1.00 X 0 0 0 BETSY CLARDY REGENT 1.00 X 0 0 0 MICHAEL COFFEY REGENT 1.00 X 0 0 0 SARAH EIDSON REGENT 1.00 X 0 0 0 CHARLES B FRANKS REGENT (MEMBER-AT-LARGE) 1.00 X 0 0 0 JESSICA GAIDUSEK REGENT 1.00 X 0 0 0 DEMETRIUS HARDEMAN REGENT (UNTIL 12/31/20) 1.00 X 0 0 0 GARY KOLKHORST REGENT 1.00 X 0 0 0 VERNE LUNDQUIST REGENT (UNTIL 12/31/20) 1.00 X 0 0 0 RICHARD MANSKE REGENT 1.00 X 0 0 0 NANCY MAY REGENT 1.00 X 0 0 0 ROBIN MELVIN REGENT 1.00 X 0 0 0 KENDRA MOHN REGENT 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 BOB OLIVER REGENT (MEMBER-AT-LARGE) 1.00 X 0 0 0 NATE RASCHKE REGENT 1.00 X 0 0 0 RUSSELL RINN REGENT (UNTIL 12/31/20) 1.00 X 0 0 0 GARY RISKE REGENT 1.00 X 0 0 0 JAIRO ROMERO REGENT (MEMBER-AT-LARGE) 1.00 X 0 0 0 DAVE SATHER REGENT 1.00 X 0 0 0 DWAIN THOMAS REGENT 1.00 X 0 0 0 GARY VALDEZ REGENT 1.00 X 0 0 0 MIKE WASHINGTON REGENT 1.00 X 0 0 0 1558935 0 143930 11 0 1 0 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 303536922 FOOD SERVICE 1538716 STI-GC LLC 931 BASSE RD SAN ANTONIO TX 782121232 CONSTRUCTION 1196955 SYNERGIS EDUCATION INC 1201 S ALMA SCHOOL RD STE 9500 MESA AZ 852101119 MARKETING AND ADMISSION SERVICES 548100 TRANE US INC PO BOX 406469 ATLANTA GA 303846469 HVAC 332047 CAMBRIDGE ASSOCIATES PO BOX 83232 CHICAGO IL 606910232 CONSULTANT 170833 8 89850 90263 6480377 4946632 578583 11607122 TUITION AND FEES 611600 45180989 45180989 AUXILIARY ENTERPRISES 611600 4607993 4607993 OTHER REVENUE 611600 476414 476414 50265396 1005081 1005081 127864 127864 5806020 3000 3120452 0 2685568 3000 2688568 2688568 69471 89850 67853 1618 1618 1181619 903261 278358 278358 65974007 50543754 0 3823131 26749379 26749379 1204993 1204993 15299935 12700427 1958980 640528 341248 270587 55063 15598 2669139 1704486 850871 113782 1156233 900420 211804 44009 33656 1635 32017 4 97317 97317 175000 175000 2833159 1602386 1047194 183579 101345 53822 47074 449 1177786 911604 236428 29754 1563965 1275573 281540 6852 1905676 1888215 11613 5848 864632 25390 839106 136 2982088 2455046 513855 13187 357670 24825 332845 MISCELLANEOUS 2124886 1802700 321848 338 EQUIPMENT RENTAL AND MA 871562 521243 350304 15 BOOKS/SUBSCRIPTIONS/SOF 799346 627803 148729 22814 EQUIPMENT 238922 225381 12337 1204 44295 43508 787 63592232 53784430 8729705 1078097 1226605 95852 578582 1637330 771554 228595 622652 543214 2284003 1831789 301653 280213 1872149 2032878 129350072 67153839 62237285 62196233 48851636 60857459 42770066 50795102 1334406 4590867 162850591 185089532 3526256 3794769 5588311 6328617 23966464 22653590 615803 0 1500000 0 6608489 7788046 41805323 40565022 X 42480315 47196650 78564953 97327860 121045268 144524510 162850591 185089532 X 2381775 17954937 3142530 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 77517337 1974719 22192054 3286934 1500293 2196845 94700038 80002339 1079233 1160905 2840631 1319319 565190 77517337 85682475 1330276 -50587 2881830 1374037 2703958 80002339 82042326 2283716 6028781 2648949 1342711 680688 85682475 75473690 2524062 8761680 2673223 1333680 710203 82042326 0.20039 0.59188 0.20773 1 1 0 4500 4234925 4239425 77643652 36364320 41279332 27933834 13397838 14535996 19380146 17391681 1988465 153015 153015 62196233 ALTERNATIVE INVESTMENTS 28505426 F ENDOWMENT FUND AND BENEFICIAL INT TRUSTS 16229980 F MINERAL RIGHTS AND ROYALTIES 433441 F SHORT-TERM INVESTMENTS 5626255 F 50795102 ADVANCES FROM US GOV'T FOR STUDENT LOANS 2261925 LIABILITIES RELATED TO SPLIT-INTEREST AGREEMENTS 769537 ASSET RETIREMENT OBLIGATION 1082842 LEASE LIABILITIES 3673742 7788046 X 61725654 17954937 4721089 22676026 39049628 175000 26749379 26924379 65974007 37764891 1097038 1097038 36667853 175000 26749379 26924379 63592232 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 680 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, 2021 AND 2020. 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 3,142,528. BOOKSTORE EXPENSES 903,261. FUNDRAISING EXPENSES 67,853. WESTON RANCH FOUNDATION - REVENUE 607,447. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 26,749,379. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE EXPENSES 903,261. FUNDRAISING EXPENSES 67,853. WESTON RANCH FOUNDATION - EXPENSES 125,924. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 26,749,379. 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 AID FROM THE FOLLOWING GOVERNMENTAL AGENCIES: TEXAS HIGHER EDUCATION COORDINATING BOARD UNITED STATE DEPARTMENT OF EDUCATION CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 14081893 0 0 0 0 0 0 14081893 0 14081893 1 0 0 0 0 0 PART III ACCOUNTING METHOD: FRONT ROW ATHLETICS FUNDRAISER 159321 89850 69471 39189 28664 159321 89850 69471 39189 28664 67853 1618 1 FEDERAL AND STATE GRANTS AND INSTITUTIONAL SCHOLARSHIPS AWARDED TO STUDENTS 1453 26749379 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 0 0 0 0 0 0 0 0 0 DR DEBBIE COTTRELL PRESIDENT 222309 0 0 0 0 0 11775 0 14321 0 248405 0 0 0 SARAH STORY VP FOR ENROLLMENT, MARKETING & COMMU 138918 0 0 0 0 0 7138 0 5892 0 151948 0 0 0 PART I, LINE 1A THE PRESIDENT RESIDES IN A HOME ON CAMPUS 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 PAYMENT ON REIMBURSEMENT OF ALL EXPENSES. A CITY OF OLMOS PARK TX HIGHER ED FACILITIES CORP 741109748 2011-04-21 10000000 CONSTRUCTION OF NEW RESIDENCE HALL 0 0 0 B CITY OF OLMOS PARK TX HIGHER ED FACILITIES CORP 741109748 2013-04-30 10000000 TO REFUND OUTSTANDING OBLIGATIONS OF SERIES 2004 BOND 0 0 0 C 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 A 3165000 10016405 133600 9882805 2012 0 0 1 1 B 2855000 10000000 9865500 134500 0 1 1 1 C 985000 9875000 5090000 152699 2632301 2000000 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 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 C 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 X 12 567703 FAIR MARKET VALUE X HUNTING TRIP 1 10000 FAIR MARKET VALUE X OTHER 2 880 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PART III, LINE 2 THE UNIVERSITY ADDED THE ACCELERATED BACHELOR OF SCIENCE IN NURSING (ABSN) PROGRAM. THE ABSN PROGRAM HAD ITS FIRST COHORT IN JUNE 2020. 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 B, LINE 11B THE VICE PRESIDENT OF 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 EACH YEAR, BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT. WE HAVE SUCH STATEMENTS SIGNED BY EVERY MEMBER OF THE BOARD. IF THERE IS A CONFLICT OF INTEREST, THE BOARD IS MADE AWARE OF THIS AND THE BOARD MEMBER INVOLVED DOES NOT SPEAK OR VOTE ON THOSE RELATED ISSUES. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, AND TOP MANAGEMENT OFFICIAL INCLUDE A REVIEW AND APPROVAL BY THE BOARD OF REGENTS. THE COMPENSATION 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 990 IS AVAILABLE ON WEBSITE. 990-T IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY IS 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 AGREEMENT 3,142,530. 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 12A, I 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 90263 CASH