2021-03-29T15:56:33-05:00 2020-06-30 BKD LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2019-07-01 751081109 Letourneau University % MICHAEL HOOD LETO 9032334110 PO Box 7001 Longview TX 756077001 MICHAEL HOOD VP FINANCE AND ADM 9032334110 2021-05-15 true KEVIN ENSMINGER P01310558 9727028262 2019 2022-09-23 18:48:47Z DALE LUNSFORD PO BOX 7001 LONGVIEW TX 756077001 69260853 false X WWW.LETU.EDU X 1946 TX LETOURNEAU IS AN INTERDENOMINATIONAL, EVANGELICAL CHRISTIAN UNIVERSITY OF MORE THAN 3,000 STUDENTS THAT INTEGRATES LEARNING, LIVING AND CHRISTIAN LEADERSHIP. 27 26 1512 250 0 0 4672156 6309611 59522790 59170398 1365896 694220 105167 -17336 65666009 66156893 16865876 18083560 0 0 30980080 30064017 0 0 898496 22391710 21321592 70237666 69469169 -4571657 -3312276 122880917 118292663 16709423 14797797 106171494 103494866 X 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 45508100 17857807 44677498 TRADITIONAL UNDERGRADUATE EDUCATION - LETOURNEAU UNIVERSITY (LETU) PROVIDES UNDERGRADUATE PROGRAMS IN ENGINEERING, AERONAUTICAL SCIENCE, EDUCATION, NURSING, BUSINESS, SCIENCES AND THE LIBERAL ARTS AT ITS CAMPUS IN LONGVIEW, TEXAS. THESE PROGRAMS HAD 253 GRADUATES IN 19/20. LETU IS CONSISTENTLY RANKED BY US NEWS AND WORLD REPORT IN THE TOP TIER AMONG REGIONAL UNIVERSITIES IN THE WEST. 5403523 73344 5626289 NONTRADITIONAL STUDENT UNDERGRADUATE EDUCATION - UNDERGRADUATE PROGRAMS FOR NONTRADITIONAL STUDENTS ARE OFFERED ONLINE AND IN-PERSON IN BIBLICAL STUDIES, BUSINESS, COMPUTER INFORMATION SYSTEMS, CRIMINAL JUSTICE, EDUCATION, HEALTHCARE, HUMAN SERVICES, INTERDISCIPLINARY STUDIES, AND PSYCHOLOGY. A TOTAL OF 171 NONTRADITIONAL UNDERGRADUATE STUDENTS GRADUATED DURING FISCAL YEAR 19/20. 3978046 0 4142045 GRADUATE EDUCATION - LETU PROVIDES MASTER'S LEVEL PROGRAMS ONLINE AND IN-PERSON IN BUSINESS, EDUCATION, ENGINEERING, AND HEALTH CARE ADMINISTRATION. A TOTAL OF 116 STUDENTS GRADUATED WITH MASTER'S DEGREES IN FISCAL YEAR 19/20. OTHER PROGRAM SERVICES INCLUDE TRANSACTIONS INVOLVED WITH SUMMER AND SPORTS CAMPS, EDUCATIONAL TRIPS, GOVERNMENT AND PRIVATE GRANTS FOR RESEARCH, AND THE UNIVERSITY'S 5384620 152409 4724566 PERFORMING ARTS CENTER. 5384620 152409 4724566 60274289 true true false false false false false false false true true false false true true false false true true true false false false false false false false true true true true false false false false false false false false false false true false false false false true true true false false true 4849 0 1512 true true true false false false false true true false false false false false false X 27 26 false false false false false false false true true false false false true true true true true true true false X MICHAEL HOOD 9032334110 PO BOX 7001 LONGVIEW TX 756077001 DR DALE A LUNSFORD PRESIDENT 59.0 1.0 X X 388135 0 31105 STEVEN KENT STARRETT DEAN, SCHOOL OF ENGINEERING AN 50.0 0.0 X 160235 0 16682 STEVEN D MASON PROVOST AND VICE PRESIDENT FOR 50.0 0.0 X 147143 0 20031 MICHAEL HOOD VP FOR FINANCE AND ADMIN 50.0 0.0 X 129219 0 19976 TERRY A ZEITLOW VICE PRESIDENT FOR DEVELOPMENT 50.0 0.0 X 127546 0 19079 DON K EGLE VICE PRESIDENT FOR UNIVERSITY 50.0 0.0 X 123304 0 9123 KIMBERLY J QUIETT PROFESSOR AND DEAN, SCHOOL OF 50.0 0.0 X 115760 0 16439 BILL ANDERSON CHAIR 3.0 0.0 X X 0 0 0 PAT BERTSCHE VICE CHAIR 3.0 0.0 X X 0 0 0 PHIL BURKS TRUSTEE 3.0 0.0 X 0 0 0 PAUL ABBOTT TRUSTEE 3.0 0.0 X 0 0 0 TOM BURT TRUSTEE 3.0 1.0 X 0 0 0 DOUG DOUGLAS TRUSTEE 3.0 0.0 X 0 0 0 DAVID DYKES TRUSTEE 3.0 0.0 X 0 0 0 KIMBERLY FISH TRUSTEE 3.0 0.0 X 0 0 0 EUGENE A FROST JR TRUSTEE 3.0 0.0 X 0 0 0 ROBIN GUYER TRUSTEE 3.0 0.0 X 0 0 0 LOREN LEMAN TRUSTEE 3.0 0.0 X 0 0 0 JULIE LIVESAY TRUSTEE 3.0 0.0 X 0 0 0 JIM MAULDIN TRUSTEE 3.0 0.0 X 0 0 0 LV BUD MCGUIRE VICE-CHAIR 3.0 0.0 X X 0 0 0 LARRY MERCER TRUSTEE 3.0 0.0 X 0 0 0 JAMES R NOLT JR TRUSTEE 3.0 0.0 X 0 0 0 ROGERS POPE JR TRUSTEE 3.0 0.0 X 0 0 0 JAMES SCHREDER TRUSTEE 3.0 0.0 X 0 0 0 MICHAEL P SCHUTT TRUSTEE 3.0 0.0 X 0 0 0 JOHN SOLHEIM TRUSTEE 3.0 0.0 X 0 0 0 WAYNE STEEGE TRUSTEE 3.0 0.0 X 0 0 0 MERLE STOLTZFUS TREASURER 3.0 0.0 X X 0 0 0 WAYNE TRULL TRUSTEE 3.0 0.0 X 0 0 0 WENDY TURNER TRUSTEE 3.0 0.0 X 0 0 0 BOB WALKER TRUSTEE 3.0 1.0 X 0 0 0 DEAN WASKOWIAK SECRETARY 3.0 0.0 X X 0 0 0 1191342 0 132435 21 false true false IELTS 825 COLORADO BLVD STE 221 LOS ANGELES CA 90041 ENGLISH LANGUAGE TES 211248 JENZABAR INC PO BOX 55018 BOSTON MA 022055018 SOFTWARE DEVELOPMENT 254395 TRANSET CO 400 AMERICAN LEGION BLVD LONGVIEW TX 75606 CONSTRUCTION MGMT 326781 3 3153822 3155789 654973 6309611 TUITION AND FEES 611710 51556889 51556889 AUXILIARY 611710 7111749 7111749 MISCELLANEOUS 611710 501760 501760 59170398 704939 704939 0 0 26072 43408 -17336 0 -17336 -17336 2985853 63980 2984913 75639 940 -11659 -10719 -10719 0 0 0 0 0 0 0 0 0 0 66156893 59170398 676884 152409 152409 17931151 17931151 0 0 687813 156034 435506 96273 0 22193393 18871250 2882176 439967 1217851 988805 195936 33110 4310371 3602139 611957 96275 1654589 1376675 239116 38798 0 9465 9465 79164 79164 0 0 98997 98997 5513049 4723023 762148 27878 1070823 110613 959055 1155 1878021 1528481 263587 85953 798242 798242 0 3008646 2614596 380559 13491 890979 748403 111358 31218 0 42730 30530 8007 4193 331365 331365 0 4969963 4607950 331828 30185 272671 150307 122364 GRANT EXPENDITURES 2331428 2331428 TAXES 26049 19130 6919 69469169 60274289 8296384 898496 512306 163688 10283189 12695401 42595 0 783755 915025 0 0 0 0 2780468 2291597 85545 113023 645080 411209 145509341 79463946 70050460 66045395 14415232 11076190 0 0 0 0 0 0 23282287 24581135 122880917 118292663 1477237 1322665 2392979 1704703 2725743 3546040 7864104 5979823 0 0 0 0 0 0 0 0 2249360 2244566 16709423 14797797 X 81292260 77888647 24879234 25606219 106171494 103494866 122880917 118292663 X -3312276 -166715 802363 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22054828 682371 611314 387549 92653 22868311 21706520 469167 -25554 30894 64411 22054828 20348963 1645282 452966 689633 51058 21706520 20003972 399753 412107 334885 131984 20348963 17618290 2510787 240558 332287 33375 20003973 0.02200 0.86000 0.11800 false true true 554179 554179 112695661 54670609 58025052 0 16458414 13614016 2844398 15801087 11179321 4621766 66045395 DEPOSITS 16997 CASH VALUE OF LIFE INSURANCE 6900 MINERAL RIGHTS 200 INVESTMENTS HELD IN TRUSTS 983172 INTEREST IN AWS FDN ASSETS 1718229 INTEREST IN LETU FDN ASSETS 21855637 24581135 0 HELD IN CUSTODY FOR OTHERS 815596 ANNUITY CONTRACTS AND TRUSTS 1053599 DEPOSITS 375371 2244566 48959211 -166715 999181 832466 48126745 98997 17931151 18030148 66156893 51635839 196818 196818 51439021 98997 17931151 18030148 69469169 SCHEDULE D, PART V, LINE 4 INTENDED USE OF ORGANIZATION'S 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 X, LINE 2 ASC 740 FOOTNOTE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE NCLUDED 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 XI, LINE 2D RECONCILIATION OF REVENUES PER AUDITED FINANCIALS TO TAX RETURN RENTAL EXPENSES $ 43,408 CHANGE IN SPLIT INTEREST AGREEMENTS $ 11,651 RELATED ORGANIZATION REVENUES $ 944,122 ----------- TOTAL $ 999,181 SCHEDULE D, PART XI, LINE 4B RECONCILIATION OF REVENUES PER AUDITED FINANCIALS TO TAX RETURN: INSTITUTIONAL FINANCIAL AID $ 17,391,151 SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS TO TAX RETURN: RENTAL EXPENSES $ 43,408 RELATED ORGANIZATION EXPENSES $ 153,140 ----------- TOTAL $ 196,818 SCHEDULE D, PART XII, LINE 4B RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS TO TAX RETURN: INSTITUTIONAL FINANCIAL SUPPORT $ 17,931,151 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 AVAILABILITY OF 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 6A FINANCIAL ASSISTANCE FROM GOVERNMENT AGENCIES: 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. true THE LETOURNEAU UNIVERSITY FOUNDATION 2100 SOUTH MOBERLY AVENUE LONGVIEW TX 75602 832155629 501(C)(3) 152409 GENERAL SUPPORT 1 INSTITUTIONAL SCHOLARSHIPS 1332 17931151 SCHEDULE I, PART I, LINE 2 PROCEDURE FOR MONITORING USE OF FUNDS IN THE U.S.: 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 X true true X X X false false false false false false false false false DR DALE A LUNSFORD PRESIDENT 273043 0 0 0 115092 0 20005 0 11100 0 419240 0 0 0 STEVEN KENT STARRETT DEAN, SCHOOL OF ENGINEERING AN 159691 0 0 0 544 0 11538 0 5144 0 176917 0 0 0 STEVEN D MASON PROVOST AND VICE PRESIDENT FOR 146925 0 0 0 218 0 10922 0 9109 0 167174 0 0 0 SCHEDULE J, PART I, LINE 1A BENEFITS PROVIDED BY THE ORGANIZATION: 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. THE UNIVERSITY DOES NOT PROVIDE CHARTER AIR TRAVEL. A GATEWAY EDUCATION FINANCE CORPORATION 300640131 2010-08-31 15000000 EDUCATIONAL AND RELATED FACILITIES false false false A 8961972 0 15000000 0 0 0 168984 0 0 14831016 0 0 2014 false false true true A false false false false 0 false false false true A false true false false 0 false 0 false true A true SCHEDULE K, PART IV, LINE 2C, COL (A) REBATE COMPUTATION: THE REBATE COMPUTATION WAS PERFORMED IN SEPTEMBER OF 2016. X 90 FMV X 1 114000 FMV X 10 443653 MARKET QUOTATION X EDUCATIONAL SUPPLIES AND EQUIPMENT 8 97230 FMV false true false SCHEDULE M, PART I, COLUMN (B) THE AMOUNTS IN SCHEDULE M, PART I, COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS MADE. FORM 990, PART VI, LINE 1A INDEPENDENT VOTING MEMBERS: DR. DALE A. LUNSFORD IS A PAID EMPLOYEE OF THE ORGANIZATION AND THEREFORE DR. DALE IS CONSIDERED NON-INDEPENDENT. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: 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. A COPY OF THE FORM 990, EXCLUDING SCHEDULE B, IS PROVIDED TO THE FULL BOARD BEFORE SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH 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, SECTION B, LINE 15A PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT: 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. IN ADDITION TO THIS, AN INDEPENDENT COMPENSATION REVIEW WAS DONE FOR THE PRESIDENT IN OCTOBER 2014 BY SIBSON CONSULTING. FORM 990, PART VI, SECTION B, LINE 15B PROCESS FOR DETERMINING COMPENSATION OF OTHER OFFICERS: THE CHIEF FINANCIAL OFFICER 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. FORM 990, PART VI, SECTION C, LINE 19 PROCESS FOR MAKING DOCUMENTS AVAILABLE: 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: CHANGE IN SPLIT INTEREST AGREEMENTS $ 11,651 CHANGE IN BENEFICIAL INTEREST IN RELATED ORG $ 1,064,039 TRANSFERS TO RELATED ORGANIZATION $ (273,327) ------------- $ 802,363 THE LETOURNEAU UNIVERSITY FOUNDATION 2100 SOUTH MOBBERLY AVENUE LONGVIEW TX 75602 832155629 SUPPORT LETU TX 501(c)(3) 12A LETU true CHARITABLE REMAINDER TRUSTS (2) CHARITABLE TRUSTS TX NA true false true false false false false false false false false false false false true true false false true true LETOURNEAU UNIVERSITY FOUNDATION B 152409 fmv LETOURNEAU UNIVERSITY FOUNDATION R 273327 fmv