2020-03-05T08:17:22-06:00 2019-06-30 BKD LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2018-07-01 751081109 Letourneau University % MICHAEL HOOD LETO 9032334110 PO Box 7001 Longview TX 756077001 MICHAEL HOOD VP FINANCE 9032334110 2020-03-15 true KEVIN ENSMINGER P01310558 9727028262 2020-03-15 167.68.126.162 35027420200655000000 2020-03-05 P C9F2138D12F7D343057C8214CDBDB0735A7DCED9 80CEAFDD65D51D1B4C2E8E44F3E4B5709E882E31 2018 2020-09-22 18:59:49Z DALE LUNSFORD PO BOX 7001 LONGVIEW TX 756077001 66989980 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. 25 24 1476 250 0 0 5628494 4672156 59104608 59522790 1942382 1365896 136145 105167 66811629 65666009 15753226 16865876 0 0 30157283 30980080 0 0 893086 22281980 22391710 68192489 70237666 -1380860 -4571657 130093829 122880917 18924672 16709423 111169157 106171494 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 45848630 16752681 44949637 TRADITIONAL STUDENT UNDERGRADUATE EDUCATION - LETOURNEAU UNIVERSITY (LETU) PROVIDES UNDERGRADUATE PROGRAMS IN ENGINEERING,TECHNOLOGY, THE LIBERAL ARTS, NURSING, BUSINESS, AERONAUTICAL SCIENCE, EDUCATION, AND THE SCIENCES AT THE MAIN CAMPUS IN LONGVIEW, TEXAS. A TOTAL OF 267 STUDENTS GRADUATED DURING ACADEMIC YEAR 18/19 IN THE TRADITIONAL UNDERGRADUATE PROGRAM. LETU IS CONSISTENTLY RANKED BY US NEWS AND WORLD REPORT IN THE TOP TIER AMONG REGIONAL UNIVERSITIES IN THE WEST. AVIATION STUDENTS' PASS RATES ON FIRST ATTEMPT FOR FAA WRITTENT EXAMS ROUTINELY EXCEED NATIONAL AVERAGE SCORES. THE LETU NURSING PROGRAM WAS RATED #1 IN TEXAS IN 18/19, RECOGNIZING A 100% PASS RATE ON THE NCLEX NURSING LICENSE EXAM. 5443957 41247 5660560 NONTRADITIONAL STUDENT UNDERGRADUATE EDUCATION - UNDERGRADUATE PROGRAMS IN BIBLICAL STUDIES, BUSINESS, COMPUTER INFORMATION SYSTEMS, CRIMINAL JUSTICE, EDUCATION, HEALTH CARE, HUMAN SERVICES, RN TO BSN, INTERDISCIPLINARY STUDIES, AND PSYCHOLOGY ARE OFFERED FOR NON-TRADITIONAL STUDENTS AT LONGVIEW, HOUSTON, DALLAS (PLANO) AND ONLINE. A TOTAL OF 154 NON-TRADITIONAL UNDERGRADUATE STUDENTS GRADUATED DURING ACADEMIC YEAR 18/19. 129 LETU STUDENTS TOOK A TOTAL OF 162 TEXAS EDUCATION AGENCY EDUCATOR CERTIFICATION EXAMS WITH 57 COMPLETERS. STUDENT PASS RATES WERE 94% FOR PEDAGOGY EXAMS AND 88% FOR CONTENT EXAMS. 4007813 4167275 GRADUATE EDUCATION - LETU PROVIDES MASTER'S LEVEL PROGRAMS IN BUSINESS, EDUCATION, ENGINEERING, AND HEALTH CARE ADMINISTRATION AT LONGVIEW, HOUSTON, DALLAS (PLANO), AND ONLINE. A TOTAL OF 143 STUDENTS GRADUATED WITH MASTER'S DEGREES IN ACADEMIC YEAR 18/19. 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 5424912 71948 4804085 60725312 true true false false false false false false false true true false false true true false false true true true false false false false true 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 4707 0 1476 true true true false false false false true true false false false false false false X 25 24 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 BILL ANDERSON TRUSTEE/CHAIR 3.0 0.0 X X 0 0 0 BOB WALKER TRUSTEE 3.0 0.0 X 0 0 0 DEAN WASKOWIAK TRUSTEE/SECRETARY 3.0 0.0 X X 0 0 0 DOUG DOUGLAS TRUSTEE 3.0 0.0 X 0 0 0 DR DALE A LUNSFORD PRESIDENT 60.0 0.0 X X 384329 0 30599 DR DAVID DYKES TRUSTEE 3.0 0.0 X 0 0 0 DR EUGENE FROST JR TRUSTEE 3.0 0.0 X 0 0 0 DR JIM MAULDIN TRUSTEE 3.0 0.0 X 0 0 0 DR LARRY MERCER TRUSTEE 3.0 0.0 X 0 0 0 JAMES NOLT JR TRUSTEE 3.0 0.0 X 0 0 0 JAMES SCHREDER TRUSTEE 3.0 0.0 X 0 0 0 JIM BRAKE TRUSTEE 3.0 0.0 X 0 0 0 JIM HOOKER TRUSTEE 3.0 0.0 X 0 0 0 JOE NOWICZEWSKI TRUSTEE 3.0 0.0 X 0 0 0 JOHN SOLHEIM TRUSTEE 3.0 0.0 X 0 0 0 JULIE LIVESAY TRUSTEE 3.0 0.0 X 0 0 0 KEN MOORE TRUSTEE 3.0 0.0 X 0 0 0 KIMBERLY FISH TRUSTEE 3.0 0.0 X 0 0 0 LV BUD MCGUIRE TRUSTEE/VICE-CHAIR 3.0 0.0 X X 0 0 0 LOREN LEMAN TRUSTEE 3.0 0.0 X 0 0 0 MICHAEL SCHUTT TRUSTEE 3.0 0.0 X 0 0 0 PATRICK BERTSCHE TRUSTEE 3.0 0.0 X 0 0 0 PAUL ABBOTT TRUSTEE 3.0 0.0 X 0 0 0 PHIL BURKS TRUSTEE 3.0 0.0 X 0 0 0 ROBIN GUYER TRUSTEE 3.0 0.0 X 0 0 0 ROGERS POPE JR TRUSTEE 3.0 0.0 X 0 0 0 WAYNE STEEGE TRUSTEE 3.0 0.0 X 0 0 0 TOM BURT TRUSTEE 3.0 0.0 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 MERLE STOLZFUS TRUSTEE/TREASURER 3.0 0.0 X X 0 0 0 MICHAEL HOOD VP FOR FINANCE AND ADMIN. 50.0 0.0 X 127511 0 19476 DON K EGLE VICE PRESIDENT FOR UNIVERSITY 50.0 0.0 X 121474 0 8995 BENJAMIN W CALDWELL ASSOCIATE PROVOST FOR ACADEMIC 50.0 0.0 X 120026 0 10977 TERRY A ZEITLOW VICE PRESIDENT FOR DEVELOPMENT 50.0 0.0 X 127838 0 19000 STEVEN KENT STARRETT DEAN, SCHOOL OF ENGINEERING AN 50.0 0.0 X 157849 0 16454 STEVEN D MASON PROVOST AND VICE PRESIDENT FOR 50.0 0.0 X 145740 0 19808 1184767 0 125309 18 false true false IELTS 825 COLORADO BLVD STE 221 LOS ANGELES CA 90041 ENGLISH LANGUAGE TES 200542 JENZABAR INC PO BOX 55018 BOSTON MA 022055018 SOFTWARE DEVELOPMENT 315166 2 60200 2074731 2537225 86136 4672156 TUITION AND FEES 611710 49771265 49771265 AUXILIARY 611710 8890102 8890102 MISCELLANEOUS 611710 861423 861423 59522790 1280002 1280002 0 0 198910 87311 111599 0 111599 111599 1233095 75000 1205968 16233 27127 58767 85894 58767 27127 8027 60200 14459 -6432 -6432 0 0 0 0 0 0 0 65666009 59581557 1412296 71948 71948 16793928 16793928 0 0 672894 156034 422313 94547 0 22794924 19107785 3235939 451200 1198288 964467 201220 32601 4688890 3868969 715729 104192 1625084 1334534 252832 37718 0 9793 847 8946 93775 93450 325 0 0 43095 43095 5403458 4880851 485464 37143 1225610 191460 1033382 768 2408210 2034139 316524 57547 752043 752043 0 3327037 2995169 317073 14795 1501352 1197219 274759 29374 0 94413 73254 18649 2510 409792 409792 0 4999736 4635554 333816 30366 241639 135851 105788 GRANT EXPENDITURES 1870884 1870823 61 TAXES 10873 2688 8185 70237666 60725312 8619268 893086 409762 512306 20791327 10283189 65821 42595 1057601 783755 0 0 0 0 3274749 2780468 109514 85545 695036 645080 145376918 75326458 73645243 70050460 27250031 14415232 0 0 0 0 0 0 2794745 23282287 130093829 122880917 1606719 1477237 2392979 2392979 2818985 2725743 9662426 7864104 0 0 0 0 0 0 0 0 2443563 2249360 18924672 16709423 X 85538523 81292260 5673592 0 19957042 24879234 111169157 106171494 130093829 122880917 X -4571657 -304157 -121849 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21706520 469167 -25554 30894 64411 22054828 20348963 1645282 452966 689633 51058 21706520 20003972 399753 412107 334885 131984 20348963 17618290 2510787 240558 332287 33375 20003973 16737760 1534644 -47396 472563 134155 17618290 0.02400 0.11600 0.86000 false true true 554179 554179 112484993 51391640 61093353 16587527 13305461 3282066 15750219 10629357 5120862 70050460 DEPOSITS 16997 CASH VALUE OF LIFE INSURANCE 6808 MINERAL RIGHTS 200 INVESTMENTS HELD IN TRUSTS 987816 INTEREST IN AWS FDN ASSETS 1625363 INTEREST IN LETU FDN ASSETS 20645103 23282287 0 HELD IN CUSTODY FOR OTHERS 838339 ANNUITY CONTRACTS AND TRUSTS 1090955 DEPOSITS 320066 2249360 48504750 -304157 -20079 -324236 48828986 43095 16793928 16837023 65666009 53502413 101770 101770 53400643 43095 16793928 16837023 70237666 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 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 XI, LINE 2D RECONCILIATION OF REVENUES PER AUDITED FINANCIALS TO TAX RETURN RENTAL EXPENSES $ 87,311 FUNDRAISING EVENT EXPENSES $ 14,459 CHANGE IN SPLIT INTEREST AGREEMENTS $(121,849) ----------- TOTAL $ (20,079) SCHEDULE D, PART XI, LINE 4B RECONCILIATION OF REVENUES PER AUDITED FINANCIALS TO TAX RETURN: INSTITUTIONAL FINANCIAL AID $16,793,928 SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS TO TAX RETURN: RENTAL EXPENSES $ 87,311 FUNDRAISING EVENT EXPENSES $ 14,459 ---------- TOTAL $ 101,770 SCHEDULE D, PART XII, LINE 4B RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS TO TAX RETURN: INSTITUTIONAL FINANCIAL SUPPORT $16,793,928 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. GOLF CLASSIC 68227 60200 8027 8847 1757 3855 0 68227 60200 8027 8847 1757 3855 14459 -6432 true THE LETOURNEAU UNIVERSITY FOUNDATION 2100 SOUTH MOBERLY AVENUE LONGVIEW TX 75602 832155629 501(C)(3) 71948 GENERAL SUPPORT 1 INSTITUTIONAL SCHOLARSHIPS 1231 16793928 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 270292 0 0 0 114037 0 19710 0 10889 0 414928 0 0 0 STEVEN KENT STARRETT DEAN, SCHOOL OF ENGINEERING AN 157314 0 0 0 535 0 11368 0 5086 0 174303 0 0 0 STEVEN D MASON PROVOST AND VICE PRESIDENT FOR 145526 0 0 0 214 0 10816 0 8992 0 165548 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 200805844 2008-08-26 8000000 EDUCATIONAL AND RELATED FACILITIES false false false B LONGVIEW EDUCATION FINANCE CORPORATION 300640131 2010-08-31 15000000 EDUCATIONAL AND RELATED FACILITIES false false false A 7110552 0 8000000 0 0 0 100165 0 0 7899835 0 0 2009 false false true true B 7945623 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 B false false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true A true B true SCHEDULE K, PART IV, LINE 2C, COL (A) REBATE COMPUTATION: THE REBATE COMPUTATION WAS PERFORMED IN SEPTEMBER OF 2016. X 2 63536 MARKET QUOTATION X EDUCATIONAL SUPPLIES AND EQUIPMENT 2 11600 FMV X software 1 11000 donor appraisal 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 & ADMINISTRATION AND THE PRESIDENT. A COPY OF THE FORM 990, EXCLUDING SCHEDULE B, IS PROVIDED TO THE FULL BOARD AFTER 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 $(121,849) 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 TR 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 71948 FMV LETOURNEAU UNIVERSITY FOUNDATION R 20645103 FMV