2017-02-14T12:47:47-06:00 2016-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2015-07-01 751081109 LETOURNEAU UNIVERSITY % MICHAEL HOOD LETO 9032334110 PO BOX 7001 LONGVIEW TX 756077001 MICHAEL HOOD VP FOR FINANCE & ADM 9032334110 2017-05-15 true Joyce A Dulworth P00151125 2604604000 2015 2017-02-10 21:41:12Z DALE LUNSFORD PO BOX 7001 LONGVIEW TX 756077001 91615443 false X WWW.LETU.EDU X 1946 TX LETOURNEAU IS AN INTERDENOMINATIONAL, EVANGELICAL CHRISTIAN UNIVERSITY OF MORE THAN 2,500 STUDENTS THAT INTEGRATES LEARNING, LIVING AND CHRISTIAN LEADERSHIP. 26 25 1642 250 0 0 6287246 7812512 59950136 59345286 842448 727020 153863 175279 67233693 68060097 14735715 14971640 0 0 29523653 30181020 0 0 840616 23715184 22670806 67974552 67823466 -740859 236631 139523677 138915436 25765555 24749307 113758122 114166129 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 42421595 14958192 42506608 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. A TOTAL OF 255 UNDERGRADUATE STUDENTS GRADUATED DURING ACADEMIC YEAR 15/16 IN THE TRADITIONAL 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 FEDERAL AVIATION ADMINISTRATION WRITTEN TESTS TYPICALLY EXCEED NATIONAL SCORES. 5656023 13448 6800274 NONTRADITIONAL STUDENT UNDERGRADUATE EDUCATION - ACADEMIC UNDERGRADUATE PROGRAMS IN BIBLICAL STUDIES, BUSINESS, COMPUTER INFORMATION SYSTEMS, CRIMINAL JUSTICE, EDUCATION, HEALTH CARE, HUMAN SERVICES, INTERDISCIPLINARY STUDIES, AND PSYCHOLOGY ARE PROVIDED FOR NON-TRADITIONAL STUDENTS AT LONGVIEW, HOUSTON, DALLAS AND ONLINE. A TOTAL OF 178 NONTRADITIONAL UNDERGRADUATE STUDENTS GRADUATED DURING ACADEMIC YEAR 15/16. THERE WERE 138 TEST TAKERS ON THE TEXAS EDUCATION AGENCY EDUCATOR CERTIFICATION TAKING A TOTAL OF 237 TESTS TAKEN WITH 65 COMPLETERS WITH A PASS RATE OF 95% FOR ALL COMPLETERS. 4649185 5589746 GRADUATE EDUCATION - LETOURNEAU UNIVERSITY PROVIDES MASTERS LEVEL PROGRAMS IN BUSINESS, COUNSELING, EDUCATION AND ENGINEERING AT LONGVIEW, HOUSTON, DALLAS, AND ONLINE. A TOTAL OF 130 STUDENTS GRADUATED WITH MASTERS DEGREES IN ACADEMIC YEAR 15/16. MASTERS IN STRATEGIC LEADERSHIP AND MASTERS OF EDUCATION; STUDENTS PARTICIPATED IN COURSE WORK WHICH INCLUDED INTERNATIONAL TRAVEL TO LONDON, PARIS, AND COSTA RICA. 5772901 4435533 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. 5772901 4435533 58499704 true true false false false false false false false true true false false false true false true false true false true false false false true false false false true true true false false false false false false false false false true true false false false false true false false false true 4164 0 true 1642 true true true false false false false true true false false false true false X 26 25 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 60.0 0.0 X X 379183 0 33290 PAUL ABBOTT TRUSTEE 3.0 0.0 X 0 0 0 PATRICK BERTSCHE TRUSTEE 3.0 0.0 X 0 0 0 JOE NOWICZESKI TRUSTEE 3.0 0.0 X 0 0 0 SHEREE COSA TRUSTEE 3.0 0.0 X 0 0 0 DAVID COTTRILL TRUSTEE 3.0 0.0 X 0 0 0 DAVID DYKES TRUSTEE 3.0 0.0 X 0 0 0 EUGENE FROST TRUSTEE 3.0 0.0 X 0 0 0 ROBIN GUYER TRUSTEE 3.0 0.0 X 0 0 0 JOE BOB JOYCE TRUSTEE 3.0 0.0 X 0 0 0 LOREN LEMAN TRUSTEE 3.0 0.0 X 0 0 0 L V MCGUIRE TRUSTEE 3.0 0.0 X 0 0 0 NANCY MENDEZ TRUSTEE 3.0 0.0 X 0 0 0 DR LARRY MERCER TRUSTEE 3.0 0.0 X 0 0 0 PAUL MONTGOMERY TRUSTEE 3.0 0.0 X 0 0 0 JAMES NOLT TRUSTEE 3.0 0.0 X 0 0 0 JAMES SCHREDER TRUSTEE 3.0 0.0 X 0 0 0 JOHN SOLHEIM TRUSTEE 3.0 0.0 X 0 0 0 WAYNE TRULL TRUSTEE 3.0 0.0 X 0 0 0 DEAN WASKOWIAK TRUSTEE 3.0 0.0 X 0 0 0 MICHAEL MYERS TRUSTEE 3.0 0.0 X 0 0 0 JIM BRAKE TRUSTEE 3.0 0.0 X 0 0 0 BOB WALKER TRUSTEE 3.0 0.0 X 0 0 0 BILL ANDERSON TRUSTEE 3.0 0.0 X 0 0 0 DOUG ROSZHART TRUSTEE 3.0 0.0 X 0 0 0 KIMBERLY FISH TRUSTEE 3.0 0.0 X 0 0 0 MICHAEL HOOD VP FOR FINANCE AND ADMIN. 50.0 0.0 X 113612 0 17887 PHILIP COYLE PROVOST 50.0 0.0 X 161140 0 11690 RONALD DELAP DEAN, SCHOOL OF ENGINEERING 50.0 0.0 X 124265 0 9627 BILL PEEL EX. DIR., CTR FOR FAITH AND WO 50.0 0.0 X 109848 0 18764 RONALD SONES DEAN, SCHOOL OF BUSINESS 50.0 0.0 X 120519 0 18151 TERRY CRUSE VICE PRESIDENT FOR RESIDENTIAL 50.0 0.0 X 110823 0 13151 LARRY FRAZIER DEAN, SCHOOL OF ARTS AND SCIEN 50.0 0.0 X 109769 0 18104 1229159 0 140664 8 false true false TRANSET CO 400 AMERICAN LEGION BLVD LONGVIEW TX 75606 CONSTRUCTION MGMT 1119222 IELTS INC 825 COLORADO BLVD SUITE 221 LOS ANGELES CA 90041 LANGUAGE TESTING SRV 114750 JENZABAR INC 101 HUNTINGTON AVE STE 2205 BOSTON MA 02199 SOFTWARE CONSULTING 100325 3 60150 2496331 5256031 99693 7812512 TUITION AND FEES 611710 48950286 48950286 AUXILIARY 611710 9423815 9423815 MISCELLANEOUS 611710 971185 971185 59345286 722003 722003 0 0 461708 286681 175027 0 175027 175027 23252634 7500 23234492 20625 18142 -13125 5017 -13125 18142 13800 60150 13548 252 252 0 0 0 68060097 59332161 915424 0 14971640 14971640 0 0 676690 162918 416860 96912 0 22517561 18892532 3218629 406400 1184207 965227 191678 27302 4201738 3459645 652520 89573 1600824 1315172 250915 34737 0 27733 12089 15292 352 86065 86065 0 0 94442 94442 4958230 4617333 309872 31025 1470383 298057 1170016 2310 2545169 1994166 482244 68759 608597 608597 0 3062253 2725176 311771 25306 1256996 1086316 145705 24975 0 91507 64849 25418 1240 604682 604682 0 5223399 4842925 348749 31725 286005 137292 148713 GRANT EXPENDITURES 2346954 2346954 TAXES 8391 2731 5660 67823466 58499704 8483146 840616 777666 952422 22563453 19333800 1645667 765327 1200024 1249672 0 0 0 0 3000251 2926828 104168 84527 531766 673806 143564720 64609455 81895138 78955265 24162364 30175630 0 0 0 0 0 0 3643180 3798159 139523677 138915436 1345448 1978356 2392980 2392980 2902036 3131723 14784274 13180841 0 0 0 0 0 0 0 0 4340817 4065407 25765555 24749307 X 90296600 88681809 6846373 6383883 16615149 19100437 113758122 114166129 139523677 138915436 X 236631 28895 142481 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17618290 2510787 240558 332287 33375 20003973 16737760 1534644 -47396 472563 134155 17618290 13909374 1612222 1538307 286546 35597 16737760 10511207 2671339 943217 185533 30856 13909374 10028714 1628924 -973979 138616 33836 10511207 0.85000 0.15000 false false 427138 427138 112650877 41520364 71130513 130492 130492 0 15384160 11875952 3508208 14972053 11082647 3889406 78955265 0 HELD IN CUSTODY FOR OTHERS 2025851 ANNUITY CONTRACTS AND TRUSTS 1717061 DEPOSITS 252601 OTHER 69894 4065407 53465620 28895 442710 471605 52994015 94442 14971640 15066082 68060097 53057613 300229 300229 52757384 94442 14971640 15066082 67823466 SCHEDULE D, PART V, LINE 4 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. ASC 740 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 SPECIAL EVENTS EXPENSE $13,548 RENTAL EXPENSE $286,681 CHANGE IN SPLIT INTEREST AGREEMENTS $142,481 TOTAL $442,710 LINE 4B INSTITUTIONAL FINANCIAL AID $14,971,640 SCHEDULE D, PART XII LINE 2D SPECIAL EVENTS EXPENSE $13,548 RENTAL EXPENSE $286,681 TOTAL $300,229 LINE 4B INSTITUTIONAL FINANCIAL AID $14,971,640 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 WE ACTIVELY SEEK STUDENTS OF ALL RACES IN OUR ADMISSIONS EFFORTS. THE UNIVERSITY HAS A NON-DISCRIMINATION POLICY AND A RACIALLY DIVERSE STUDENT BODY, FACULTY, AND STAFF. THE POLICY IS CONSISTENTLY COMMUNICATED. SCHEDULE E, PART I, LINE 6A FINANCIAL AID RECEIVED FROM THE FEDERAL GOVERNMENT INCLUDES THE FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (FSEOG), FEDERAL PERKINS LOANS, FEDERAL STAFFORD LOANS, FEDERAL PARENT LOAN TO UNDERGRADUATE STUDENTS (PLUS), FEDERAL TEACH LOANS, AND FEDERAL COLLEGE WORK STUDY. true EAST ASIA AND THE PACIFIC PROGRAM SERVICES STUDY ABROAD 22626 EUROPE (INCLUDING ICELAND AND GREENLAND) PROGRAM SERVICES STUDY ABROAD 16640 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES STUDY ABROAD 15559 54825 54825 false false false false false false SCHEDULE F, PART I, LINE 2 LETOURNEAU UNIVERSITY OFFERS STUDY ABROAD PROGRAMS FOR ELIGIBLE STUDENTS TO ENHANCE THE EDUCATIONAL EXPERIENCE. LETOURNEAU PARTNERS WITH UNIVERSITIES OUTSIDE THE UNITED STATES. TUITION AND FEES ARE CHARGED BY LETOURNEAU UNIVERSITY AND PAID TO THE APPLICABLE UNIVERSITY OUTSIDE THE UNITED STATES TO SATISFY THE STUDENT'S ACCOUNT. AL AK AR CA CO CT FL GA HI IL KS KY LA MD MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI GOLF CLASSIC 73950 60150 13800 2670 4330 2715 3833 0 73950 60150 13800 2670 4330 2715 3833 13548 252 true INSTITUTIONAL SCHOLARSHIPS 1502 14971640 SCHEDULE I, PART I, LINE 2 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 266832 0 0 0 112351 0 18604 0 14686 0 412473 0 0 0 PHILIP COYLE PROVOST 160206 0 0 0 934 0 11227 0 463 0 172830 0 0 0 SCHEDULE J, PART I, LINE 1A HOUSING FOR THE PRESIDENT IS PAID FOR BY THE UNIVERSITY. THE RESIDENCE IS CLOSE TO THE CAMPUS, AND THE PRESIDENT IS REQUIRED TO LIVE THERE AND CONDUCT UNIVERSITY RELATED BUSINESS PER HIS CONTRACT. AS A RESULT, NONE OF THE ALLOWANCE IS TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. 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 4668163 0 8000000 0 0 0 100165 0 0 7899835 0 0 2009 false false true true B 5150996 0 15000000 0 0 0 168984 0 0 14831016 0 0 2014 false false true true A false false false false 0 true false false true B false false false false 0 true 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 PT. IV, LINE 2C, COL (A) THE REBATE COMPUTATION WAS PERFoRMED IN SEPTEMBER OF 2016. SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 1290726 INDEPENDENT CONTRACTOR false X 2 700 FMV X 111 $1 PER BOOK X 1901 FMV X 1 20000 APPRAISAL X 6 9046 FMV X MISCELLANEOUS 32 67935 FMV false true false FORM 990, PART VI, SECTION A, LINE 1 DR. DALE A. LUNSFORD IS A PAID EMPLOYEE OF THE ORGANIZATION AND THEREFORE IS CONSIDERED NON-INDEPENDENT. FORM 990, PART VI, SECTION B, LINE 11B 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. FORM 990, PART VI, SECTION B, LINE 12C 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 & 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 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 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 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 CHANGE IN SPLIT INTEREST AGREEMENTS $142,481 CHARITABLE REMAINDER TRUSTS (4) CHARITABLE TRUST TX NA false false false false false false false false false false false false false false false false false false false false