2016-05-12T15:17:38-05:00 2015-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2014-07-01 350868125 LUTHERAN UNIVERSITY ASSOCIATION INC % SUSAN D SCROGGINS LUTH 2194645215 1700 CHAPEL DRIVE VALPARAISO IN 46383 SUSAN D SCROGGINS VP OF ADMINISTRATION 2194645215 2015-05-15 true Joyce A Dulworth P00151125 2604604000 2014 2016-08-17 19:52:53Z VALPARAISO UNIVERSITY MARK A HECKLER 1700 CHAPEL DRIVE VALPARAISO IN 46838 314491659 false X WWW.VALPO.EDU X 1925 IN A COMMUNITY OF LEARNING DEDICATED TO EXCELLENCE & GROUNDED IN THE LUTHERAN TRADITION OF SCHOLARSHIP, FAITH, & FREEDOM, PREPARING STUDENTS TO LEAD & SERVE IN THE CHURCH & SOCIETY. 38 36 3529 1026 209062 28015963 29589738 155934230 160167698 -8193087 -8175343 1617125 1404332 177374231 182986425 57354470 63563521 0 0 77560201 78807198 245918 73975 4020975 46635668 49448118 181796257 191892812 -4422026 -8906387 550331211 567502530 123370328 145428666 426960883 422073864 X VALPARAISO UNIVERSITY IS A COMPREHENSIVE, PRIVATE UNIVERSITY WITH A LUTHERAN HERITAGE THAT SERVES OVER 4,000 FULL AND PART TIME STUDENTS. THE UNIVERSITY IS IDENTIFIED AS ONE OF THE TOP MASTER'S-LEVEL INSTITUTIONS IN THE MIDWEST AND HAS RECEIVED SPECIAL RECOGNITION FOR ITS OUTSTANDING TEACHING AND EDUCATIONAL VALUE. MORE THAN 80 ACADEMIC PROGRAMS ARE OFFERED THROUGH THE COLLEGES OF ARTS AND SCIENCES, BUSINESS ADMINISTRATION, ENGINEERING AND NURSING. VALPO ALSO HAS AN HONORS COLLEGE, GRADUATE SCHOOL AND SCHOOL OF LAW. false false 122971622 57917411 109393554 Valparaiso University enrolls nearly 3,200 undergraduate students in more than 70 academic programs that integrate the best of the liberal arts with professional preparation. Programs are offered through the colleges of Arts and Sciences, Business, Engineering, and Nursing & Health Professions, as well as Christ College, Valparaiso University's honors college. Valpo has been named as one of the top ten regional universities in the Midwest every year since 1990 by U.S. News & World Report magazine and is the No. 1 Value in the Midwest. Valpo sponsors numerous international study opportunities and is recognized as a model in preparing graduates with strong cross-cultural skills and global awareness. The overall placement rate for Valparaiso University graduates from the classes of December 2014 and May and August 2015 is 92.3%. The overall placement rate has exceeded 90 percent for the 22nd consecutive year. Valparaiso University was once again named to the President's Higher Education Community Service Honor Role with distinction for support of volunteering, service, learning, and civic engagement, and Valpo students annually dedicate more than 220,000 hours to community outreach and service learning. Valparaiso University's Division I athletics teams continue to succeed in the classroom, with 119 student-athletes named to the Horizon League's Fall 2015 Academic Honor Roll and 41 on the 2014 Pioneer Football League Academic Honor Roll. 7820634 649614 8967168 Graduate Programs - Valparaiso University's Graduate School offers more than 40 academic programs across the Colleges of Arts & Science, Business, and Nursing & Health Professions. With rolling admissions, multiple start terms per year, and flexible course delivery options, graduate programs meet the needs of today's adult learners. With a majority of offerings at the professional master's level (plus a doctorate in nursing practice), graduate programs emphasize academic rigor, practical application for market ready skills, and career and professional development. In 2015, the Graduate School enrolled over 900 students, with over 40% international students from 25 countries. Comprehensive academic support provides a full service complement to the cultural, emotional and intellectual development of Valparaiso University graduate students. 19674182 4956755 21152315 Law School - The Valparaiso University Law School encourages students to view law as a calling, to become lawyers and leaders who use their influence for service and the public good. Students develop aptitude in enduring core competencies of legal history, theory and practice, as well as advanced skill in legal research and writing. The Law School enrollment was 467 in 2015. In addition to J.D. and LL.M. degrees, the school offers dual degree programs that pair a J.D. with an M.A. in clinical mental health counseling, M.A. in liberal studies, M.A. in psychology, M.S. in international commerce and policy, M.S. in sports administration, or MBA. Through Valparaiso's Law Clinic, students develop their legal skills in eight practice areas while providing free legal services to underserved members of the community. The Law School attracts a diverse spectrum of students, with 26% of firs-year law students in fall 2015 being members of historically underrepresented minorities in the legal profession. 28929753 21868314 179396191 true true false false false false false true false true true true false false true false false true true true true false false true false false false false true true true false false false false false false true false true true true true false false true true false false false true 634 0 true 3529 true true true true GM UK false false false true true false false false false X 38 36 true false false false false false false true true false false true true true true true true true true false X X SUSAN D SCROGGINS 2194645215 1700 CHAPEL DRIVE VALPARAISO IN 46383 BEUMER RICHARD E BOARD MEMBER 2.0 0.0 X 0 0 0 BOGGS III N CORNELL SECRETARY 2.0 0.0 X 0 0 0 BRUNETTE REV LUTHER C BOARD MEMBER 2.0 0.0 X 0 0 0 DOBBS H JEFFREY BOARD MEMBER 1.0 0.0 X 0 0 0 DOROUGH LORRAINE E BOARD MEMBER 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16164452 COMMONFUND COMMODITIES FUNDS 2899681 COMMONFUND PRIVATE CAPITAL 46940468 COMMONFUND TREASURY ACCESS 6451632 LIFE INS, REAL ESTATE, OTHER 2690719 COMMONFUND EQUITIES FUNDS 99679701 174826653 0 STUDENT DEPOSITS 472420 OBLIGATIONS UNDER SPLIT-INTERE 5058361 CONDITIONAL ASSET RETIREMENT O 7938313 POST RETIREMENT LIABILITIES 4650749 OTHER LIABILITIES 898327 19018170 130072460 4010072 7069832 11079904 118992556 243367 63750502 63993869 182986425 134959479 6833796 6833796 128125683 243367 63523762 63767129 191892812 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 III, LINE 4 THE BRAUER MUSEUM OF ART IS HOME TO A NATIONALLY RECOGNIZED COLLECTION OF 19TH AND 20TH CENTURY AMERICAN ART AND INCLUDES WORKS BY FREDERIC EDWIN CHURCH, ASHER B. DURAND, CHILDE HASSAM, GEORGIA O'KEEFE AND ED PASCHKE. IT ALSO HOUSES THE LARGEST KNOWN COLLECTION OF WORKS BY JUNIUS R. SOLAN (1827-1900), A HUDSON RIVER SCHOOL PAINTER WHO LIVED AND WORKED IN THE MIDWEST. OTHER FOCUS AREAS WITHIN THE COLLECTION INCLUDE WORLD RELIGIOUS ART AND MIDWESTERN REGIONAL ART. AS WELL AS DISPLAYING SELECTIONS FROM ITS PERMANENT COLLECTION, THE BRAUER MUSEUM HOSTS A FULL SCHEDULE OF SPECIAL EXHIBITIONS AND EVENTS. THROUGH EXHIBITION OF THE COLLECTION AND SPECIAL EVENTS, THE MUSEUM PROVIDES EDUCATIONAL OPPORTUNITIES FOR STUDENTS AS WELL AS THE GENERAL PUBLIC WHICH ENHANCES THE UNIVERSITY'S EDUCATIONAL PURPOSE. THE BOOK VALUE OF THE ARTWORK ADDED TO THE COLLECTION SINCE 1996 IS INCLUDED IN PLANT ASSETS ON THE BALANCE SHEET. PART V LINE 4 Valparaiso University's endowment funds are used to provide financial assistance to students in the form of scholarships and loans. Endowment funds are also designated to the support of academic programs, faculty chairs and professorships, research, student programs, library services, and the operation and maintenance of facilities. PART XI, LINE 2D COST OF GOODS SOLD 6,713,861 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 236,036 RENTAL EXPENSES 119,935 TOTAL $7,069,832 PART XI, LINE 4B STUDENT AID 63,523,762 CHANGE IN DISCOUNT & ALLOWANCE 226,740 TOTAL $63,750,502 PART XII, LINE 2D RENTAL EXPENSES 119,935 COST OF GOODS SOLD 6,713,861 TOTAL $6,833,796 PART XII, LINE 4B STUDENT AID 63,523,762 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 VALPARAISO UNIVERSITY'S GENERAL CATALOG INCLUDES THE STATEMENT OF EQUALITY OF OPPORTUNITY AS FOLLOWS: VALPARAISO UNIVERSITY PROVIDES EQUALITY OF OPPORTUNITY TO ITS APPLICANTS FOR ADMISSION, ENROLLED STUDENTS, GRADUATES, AND EMPLOYEES. THE UNIVERSITY DOES NOT DISCRIMINATE WITH RESPECT TO HIRING, CONTINUATION OF EMPLOYMENT, PROMOTION, AND TENURE, OTHER EMPLOYMENT PRACTICES, APPLICATIONS FOR ADMISSION, OR CAREER SERVICES AND PLACEMENT ON THE BASIS OF RACE, COLOR, GENDER, AGE, DISABILITY, NATIONAL ORIGIN OR ANCESTRY, SEXUAL ORIENTATION, OR (AS QUALIFIED HEREIN) RELIGION. AN INSTITUTION COMMITTED TO ITS LUTHERAN TRADITION, THE UNIVERSITY RESERVES ITS RIGHT TO PROMOTE THE TEACHING OF THE CHURCH AND TO EXERCISE PREFERENCES IN ADMISSIONS AND EMPLOYMENT-RELATED PRACTICES IN FAVOR OF LUTHERANS. SCHEDULE E, PART I, LINE 6A VALPARAISO UNIVERSITY RECEIVES FEDERAL & STATE RESEARCH GRANTS AND GRANTS FOR STUDENT FINANCIAL AID. EUROPE (INCLUDING ICELAND AND GREENLAND) 2 2 PROGRAM SERVICES SEE PART V 586734 SOUTH AMERICA PROGRAM SERVICES SEE PART V 1900 EAST ASIA AND THE PACIFIC PROGRAM SERVICES SEE PART V 56576 SUB-SAHARAN AFRICA PROGRAM SERVICES SEE PART V 49500 2 2 2 2 694710 694710 true false true true true false PART I LINE 3 - EUROPE (INCLUDING ICELAND AND GREENALAND) VALPARAISO UNIVERSITY ADMINISTERS STUDY ABROAD PROGRAMS TO PROVIDE STUDENTS WITH EDUCATIONAL EXPERIENCES IN REUTLINGEN, GERMANY AND CAMBRIDGE, ENGLAND. THE UNIVERSITY ALSO PROVIDES STUDY ABROAD OPPORTUNITIES THROUGH STUDENT EXCHANGE AGREEMENTS WITH EUROPEAN COLLEGES AND UNIVERSITIES IN ENGLAND, FRANCE, AND GERMANY. OTHER EDUCATIONAL OPPORTUNITIES THROUGH COOPERATIVE AGREEMENTS ARE AVAILABLE IN SPAIN, FRANCE, AND GREECE. PART I LINE 3 - SOUTH AMERICA VALPARAISO UNIVERSITY LAW SCHOOL PROVIDES LAW STUDENTS EDUCATIONAL OPPORTUNITIES IN CHILE DURING THE SUMMER TERM. PART I LINE 3 - EAST ASIA AND THE PACIFIC VALPARAISO UNIVERSITY ADMINISTERS A STUDY ABROAD PROGRAM TO PROVIDE STUDENTS WITH EDUCATIONAL EXPERIENCES IN HANGZHOU, CHINA. THE UNIVERSITY ALSO PROVIDES EDUCATIONAL OPPORTUNITIES THROUGH STUDENT EXCHANGE AGREEMENTS WITH KANSAI GAIDAI UNIVERSITY IN JAPAN AND PAYAP UNIVERSITY IN CHIANG MAI, THAILAND. OTHER EDUCATIONAL OPPORTUNITIES INCLUDE INDEPENDENT STUDY IN UNIVERSITY OF OTAGO IN NEW ZEALAND. PART I LINE 3 - SUB-SAHARAN AFRICA VALPARAISO UNIVERSITY PROVIDES EDUCATIONAL OPPORTUNITIES THROUGH A COOPERATIVE AGREEMENT IN WINDHOEK, NAMIBIA. X X X X X X X true RUFFALOCODY CALL CENTER FUNDRAISING false 231975 73975 158000 231975 73975 158000 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MI MN MS NV NH NJ NM NY ND OH OK OR PA RI TN UT VA WA WI true SCHOLARSHIPS 3444 63523780 PART I, LINE 2 Valparaiso University is committed to providing resources necessary to help students complete their education. In selecting the students to receive this assistance, the University places primary emphasis on the student's academic achievement and financial need. Awards are determined by the University Scholarship Committee. Upon enrollment verification, the awards are used to offset the cost of attendance. X true true X X X X false false false false false false false false false HECKLER MARK A PRESIDENT 383317 0 0 0 0 0 19125 0 11549 0 413991 0 0 0 HOLLANDER LISA A VICE-PRESIDENT ADVANCEMENT 237318 0 0 0 0 0 13719 0 12455 0 263492 0 0 0 JOSEPH MICHAEL A VICE-PRESIDENT ENROLLMENT 224943 0 0 0 0 0 16617 0 13040 0 254600 0 0 0 FARHA DARRON C VP AND GENERAL COUNSEL 190630 0 0 0 0 0 14834 0 12958 0 218422 0 0 0 PALMUCCI JR JOHN A SR VP FINANCE AND ADMINISTRATI 184217 0 0 0 0 0 0 0 0 0 184217 0 0 0 SCROGGINS SUSAN D VICE-PRESIDENT ADMINISTRATION 169753 0 0 0 0 0 12169 0 4704 0 186626 0 0 0 HUNTER BONNIE L VICE-PRESIDENT STUDENT AFFAIRS 162783 0 0 0 0 0 12089 0 4448 0 179320 0 0 0 BIERMANN MARK L PROVOST & EXECUTIVE VP FOR ACA 138353 0 0 0 0 0 9519 0 6843 0 154715 0 0 0 DREW BRYCE H HEAD BASKETBALL COACH 391952 0 0 0 0 0 19125 0 12124 0 423201 0 0 0 BERNER BRUCE FACULTY, LAW 319353 0 0 0 0 0 9254 0 11484 0 340091 0 0 0 STITH RICHARD FACULTY, LAW 258003 0 0 0 0 0 7500 0 18961 0 284464 0 0 0 BODENSTEINER IVAN E FACULTY, LAW 217671 0 0 0 0 0 16575 0 11015 0 245261 0 0 0 BRODZINSKI JAMES D DEAN, COLLEGE OF BUSINESS 197518 0 0 0 0 0 15446 0 12377 0 225341 0 0 0 LYON ANDREA D DEAN, LAW SCHOOL 149087 0 0 0 0 0 9375 0 6807 0 165269 0 0 0 SCHEDULE J, PART I, LINE 1A THE PRESIDENT IS PROVIDED HOUSING IN THE UNIVERSITY RESIDENCE AS A Condition of employment. The residence is regularly USED for business purposes including meetings and events with faculty, staff, students, donors and other university constituents. A INDIANA FINANCE AUTHORITY 351602316 455057KK4 2007-11-08 31469854 REFUNDING SERIES 2003 ENERGY BONDS false false false B INDIANA FINANCE AUTHORITY 351602316 455057YZ6 2010-06-23 30421188 REFUNDING SERIES 1999 BONDS false false false C INDIANA FINANCE AUTHORITY 351602316 2014-09-25 42155000 REFUNDING SERIES 2014 BONDS false false false A 1735000 0 31469854 0 2141871 0 283698 0 28017673 1186156 0 0 2010 true false true true B 160000 0 30421188 0 535000 0 281865 0 20570000 9569323 0 0 true false true true C 0 0 45238325 0 1163585 0 231856 0 0 20000000 0 25006469 false false true true A false false false false 0 true false false true B false false false false 0 true false false true C false false false false 0 true false false true A false false true false false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true A true B true C true 6000 MERIT SCHOLARSHIPS TUITION ASSISTANCE 15000 MERIT SCHOLARSHIPS TUITION ASSISTANCE 9300 MERIT SCHOLARSHIPS TUITION ASSISTANCE MARK HAGERMAN BOARD MEMBER 3758514 CONSTRUCTION SERVICES false MIRANDA JACK MARK HECKLER'S DAUGHTER 27125 COMPENSATION false KELLI GARIGLIETTI FARHA DARRON FARHA'S WIFE 11700 COMPENSATION false X 33 114150 APPRAISAL X 2785 FAIR MARKET VALUE X 25 740082 FAIR MARKET VALUE X MISC EQUIPMENT 4 1517 MARKET VALUE X OTHER 2 80 MARKET VALUE 4 false true false Line 32b Valparaiso University uses Merrill Lynch to sell stock and securities received as gifts from donors. PART III, LINE 4D VALPARAISO UNIVERSITY PROVIDES ADDITIONAL SERVICES TO STUDENTS INCLUDING HOUSING AND DIVISION I ATHLETICS OPPORTUNITIES. ALSO, THE UNIVERSITY SUPPORTS THEATRE, MUSIC AND VISUAL ARTS PROGRAMS BENEFICIAL TO STUDENTS AS WELL AS THE GENERAL PUBLIC. PART VI, LINE 1B MARK. F. HAGERMAN AND MARK A. HECKLER ARE CONSIDERED NON-INDEPENDENT BOARD MEMBERS DUE TO TRANSACTIONS LISTED ON SCH. L. MARK HECKLER IS ALSO A PAID EMPLOYEE OF THE ORGANIZATION. PART VI, LINE 2 ROBERT HANSEN AND N. CORNELL BOGGS, III HAVE A BUSINESS RELATIONSHIP. FRED KRAEGEL, BONNIE RAQUET AND N. CORNELL BOGGS, III HAVE A BUSINESS RELATIONSHIP. PART VI, SECTION B, LINE 11B Consistent with its fiduciary responsibilities, the Board of Directors of The Lutheran University Association, Inc d/b/a Valparaiso University adopted the following procedure for annual review of the University's responses to Internal Revenue Code Form 990: (1) Thirty days before filing with the Internal Revenue Service, or a soon as practicable prior to filing, the Audit Committee will review and comment on the Form 990 (2) Following review by the Audit Committee and prior to filing with the Internal Revenue Service, the final Form 990 shall be transmitted to all Board members. The most expeditious method of transmission, whether in paper form or electronic will be determined in the discretion of the University administration. PART VI, LINE 12C Administration of the Policy - (Conflicts of Interest) The policy for the disclosure of existing or potential conflicts of interest, shall be administered in the following manner: 1. Current and certain former directors, officers, and key employees shall annually receive a copy of the Policy Statement on Conflicts of Interest and be asked to complete a questionnaire as to their interests. The Board Chair and the President shall have discretion to apply this requirement to other employees (such as employees with significant procurement responsibilities). 2. Any existing or potential conflict of interest on the part of a director is to be disclosed to the Chair of the Governance Committee of the Board. The Chair of the Governance Committee, in consultation with the Board Chair and the President, will discuss with the director options for resolving the conflict. A conflict of interest may be waived if the Chair of the Governance Committee, in consultation with the Board Chair and the President, determines that the transaction or circumstance is in the best interests of the University. Whether or not a conflict is waived, a director who has an existing or potential conflict of interest on any matter should not vote or use his or her personal influence on the matter, nor should the director be counted in determining a quorum, even where permitted by law. The minutes of any meeting should reflect that the director disclosed the conflict, abstained from voting, and that a quorum existed even though the director is not counted toward that quorum. This requirement does not prevent a director from stating his or her position on the matter or from answering pertinent questions of other directors where the director's knowledge may assist the other directors. 3. Any existing or potential conflict of interest on the part of an officer, key employee, or other designated employee is to be disclosed to the University Counsel and brought to the attention of the President. The University Counsel, in consultation with the President, will discuss with the officer or employee options for resolving the conflict. A conflict of interest may be waived if the University Counsel, in consultation with the President, determines that the transaction or circumstance is in the best interests of the University. The University Counsel shall report to the Chair of the Governance Committee any conflicts of interest and the resolution or waiver of same. 4. At least annually, the Chair of the Governance Committee shall submit reports to the Governance Committee concerning any conflicts of interest and the resolution or waiver of same. PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR AN ANNUAL REVIEW OF COMPENSATION FOR COMPENSATED OFFICERS AND OTHER KEY EMPLOYEES OF THE UNIVERSITY. THE REVIEW WAS LAST UNDERTAKEN SPRING OF 2015. INFORMATION FROM OUTSIDE CONSULTANTS AS WELL AS PEER AND INDUSTRY DATA WAS REVIEWED TO DETERMINE EQUITABLE, COMPETITIVE COMPENSATION PACKAGES. PART VI, LINE 19 Valparaiso University currently does not provide governing documents or the conflict of interest policy to the public. Financial statements are available upon request and may be obtained from the Office of the Vice President for Finance and Administration. PART XI, LINE 9 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $236,036 CHANGE IN DISCOUNT & ALLOWANCE $(226,740) TOTAL 9,296 SCHEDULE B FORM 990 SCHEDULE OF CONTRIBUTORS IS NOT SUBEJCT TO PUBLIC DISCLOSURE PURSUANT TO THE UNITED STATES FREEDOM OF INFORMATION ACT. 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