THE LUTHERAN UNIVERSITY ASSOCIATION INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: THE LUTHERAN UNIVERSITY ASSOCIATION INC (EIN 35-0868125)
Tax period: 2013-07-01 to 2014-06-30
Filed: 2015-05-12
IRS object ID: 201511329349302186
Schema version: 2013v4.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2015-05-12T11:45:57-05:00	ReturnTs
Tax Period End	2014-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BKD LLP	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	200 E Main St Suite 700	AddressLine1
City	Fort Wayne	City
State	IN	State
ZIP Code	46802	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2013-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	350868125	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LUTHERAN UNIVERSITY ASSOCIATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
In Care Of	% JOHN A PALMUCCI JR	InCareOfNm
Business Name Control	LUTH	BusinessNameControlTxt
Phone	2194645215	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1700 CHAPEL DRIVE	AddressLine1
Address Line2	Suite	AddressLine2
City	VALPARAISO	City
State	IN	State
ZIP Code	46383	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOHN A PALMUCCI JR	PersonNm
Person Title	SR VP FOR FINANCE & ADMINISTRATION	PersonTitleTxt
Phone	2194645215	PhoneNum
Signature	2015-05-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Joyce A Dulworth	PreparerPersonNm
PTIN	P00151125	PTIN
Phone	2194645215	PhoneNum

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	VALPARAISO UNIVERSITY	BusinessNameLine1

Field	Value	IRS element (for citing)
Principal Officer	MARK A HECKLER	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1700 CHAPEL DRIVE	AddressLine1
City	VALPARAISO	City
State	IN	State
ZIP Code	46838	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	$252,223,869	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.VALPO.EDU	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1925	FormationYr
Legal Domicile State	IN	LegalDomicileStateCd
Activity Or Mission	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.	ActivityOrMissionDesc
Voting Members Governing Body	40	VotingMembersGoverningBodyCnt
Voting Members Independent	38	VotingMembersIndependentCnt
Total Employee	3339	TotalEmployeeCnt
Total Volunteers	1024	TotalVolunteersCnt
Total Gross UBI	$210,346	TotalGrossUBIAmt
PY Contributions Grants	$2,341,477	PYContributionsGrantsAmt
CY Contributions Grants	$28,015,963	CYContributionsGrantsAmt
PY Program Service Revenue	$138,885,607	PYProgramServiceRevenueAmt
CY Program Service Revenue	$155,934,230	CYProgramServiceRevenueAmt
PY Investment Income	$1,458,123	PYInvestmentIncomeAmt
CY Investment Income	-$8,193,087	CYInvestmentIncomeAmt
PY Other Revenue	$1,467,627	PYOtherRevenueAmt
CY Other Revenue	$1,617,125	CYOtherRevenueAmt
PY Total Revenue	$144,152,834	PYTotalRevenueAmt
CY Total Revenue	$177,374,231	CYTotalRevenueAmt
PY Grants And Similar Paid	$49,833,140	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$57,354,470	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$70,604,673	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$77,560,201	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$176,453	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$245,918	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$4,398,322	CYTotalFundraisingExpenseAmt
PY Other Expenses	$45,741,613	PYOtherExpensesAmt
CY Other Expenses	$46,635,668	CYOtherExpensesAmt
PY Total Expenses	$166,355,879	PYTotalExpensesAmt
CY Total Expenses	$181,796,257	CYTotalExpensesAmt
PY Revenues Less Expenses	-$22,203,045	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$4,422,026	CYRevenuesLessExpensesAmt
Total Assets BOY	$501,058,928	TotalAssetsBOYAmt
Total Assets EOY	$550,331,211	TotalAssetsEOYAmt
Total Liabilities BOY	$101,081,960	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$123,370,328	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$399,976,968	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$426,960,883	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	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.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$116,080,269	ExpenseAmt
Grant	$52,528,848	GrantAmt
Revenue	$106,792,054	RevenueAmt
Desc	Undergraduate Programs - Valparaiso University enrolls approximately 3,300 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. 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 2013 and May and August 2013 is 92.5%. The overall placement rate has exceeded 90 percent for the 21st straight year. Valparaiso University was once again named to the President's Higher Education Community Service Honor Role in 2014 joining a group of select universities and colleges across the country that are honored for their support of volunteering, service-learning, and civic engagement. Valparaiso University's Division I athletics teams continue to succeed in the classroom, with 115 student-athletes named to the Horizon League's Fall 2014 Academic Honor Roll and placed a league-high 10 student-athletes over five sports on the Horizon League's 2014 Fall Academic All-League Teams.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$6,874,680	ExpenseAmt
Grant	$550,697	GrantAmt
Revenue	$8,751,326	RevenueAmt
Desc	Graduate Programs - Valparaiso University's Graduate School celebrated its 50th Anniversary last year and offers more than 40 academic programs, including master's degrees in international commerce and policy, nursing, counseling, education, cyber security, health administration, sports administration, liberal studies and business administration. The Graduate School enrolled 777 students in 2014. Focus of Valpo's Graduate School are areas of study that appeal to international students, meet critical needs of the 21st century, and serve students seeking professional and career advancement. International students make-up 47 percent of Valpo's graduate enrollment. In addition to emphasizing professional training, skills and knowledge, the Graduate School also influences the cultural, emotional and intellectual development of students.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$18,303,544	ExpenseAmt
Grant	$4,231,385	GrantAmt
Revenue	$20,643,175	RevenueAmt
Desc	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 479 in 2014. 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 34.5 percent of firs-year law students in fall 2014 being members of historically underrepresented minorities in the legal profession.	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$27,909,733	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue	$21,341,939	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$169,168,226	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	Yes (true)	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Temp Or Permanent Endowments	Yes (true)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	Yes (true)	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	Yes (true)	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (true)	TaxExemptBondsInd
Invest Tax Exempt Bonds	false	InvestTaxExemptBondsInd
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	Yes (true)	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (true)	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	Yes (true)	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (true)	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	Yes (true)	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	485	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	3339	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	Yes (true)	ForeignFinancialAccountInd
Foreign Country	UK	ForeignCountryCd
Foreign Country	GM	ForeignCountryCd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (true)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (true)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	40	GoverningBodyVotingMembersCnt
Independent Voting Member	38	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	JOHN A PALMUCCI JR	PersonNm
Phone	2194645215	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1700 CHAPEL DRIVE	AddressLine1
City	VALPARAISO	City
State	IN	State
ZIP Code	46383	ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (55 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
KRAEGEL FREDERICK G
BOARD CHAIR	8.0	Yes (X)	$0	$0	$0
RAQUET BONNIE E
VICE-CHAIR	7.0	Yes (X)	$0	$0	$0
BOGGS III CORNELL N
BOARD SECRETARY	2.0	Yes (X)	$0	$0	$0
BEUMER RICHARD E
BOARD MEMBER	2.0	Yes (X)	$0	$0	$0
BRUNETTE LUTHER C
BOARD MEMBER	2.0	Yes (X)	$0	$0	$0
DOBBS H JEFFREY
BOARD MEMBER	1.0	Yes (X)	$0	$0	$0
DRAHEIM JOHN L
BOARD MEMBER	4.2	Yes (X)	$0	$0	$0
DUESENBERG MARK H
BOARD MEMBER	4.0	Yes (X)	$0	$0	$0
EVANS DEBORAH S
BOARD MEMBER	3.5	Yes (X)	$0	$0	$0
FEMOVICH CAROLYN SCHLIE
BOARD MEMBER	1.5	Yes (X)	$0	$0	$0
FISCKENSCHER PAMELA R
BOARD MEMBER	2.0	Yes (X)	$0	$0	$0
FITES DONALD V
BOARD MEMBER	4.0	Yes (X)	$0	$0	$0
HAGEN FITES JOYCE S
BOARD MEMBER	1.0	Yes (X)	$0	$0	$0
HAGERMAN MARK F
BOARD MEMBER	3.0	Yes (X)	$0	$0	$0
HANSEN JR ROBERT D
BOARD MEMBER	1.0	Yes (X)	$0	$0	$0
HELGE MARK P
BOARD MEMBER	2.0	Yes (X)	$0	$0	$0
HESSLER DAVID J
BOARD MEMBER	3.0	Yes (X)	$0	$0	$0
HOOKER SUSAN P
BOARD MEMBER	3.0	Yes (X)	$0	$0	$0
IRWIN-KNOTT COLETTE JOY
BOARD MEMBER	5.0	Yes (X)	$0	$0	$0
KRAFFT GRANT A
BOARD MEMBER	3.0	Yes (X)	$0	$0	$0
LANING BRUCE R
BOARD MEMBER	2.0	Yes (X)	$0	$0	$0
MOON MARIAN J
BOARD MEMBER	4.0	Yes (X)	$0	$0	$0
NIEMIER CHARLES E
BOARD MEMBER	2.0	Yes (X)	$0	$0	$0
NUNEMAKER ANDREW N
BOARD MEMBER	2.0	Yes (X)	$0	$0	$0
PARKS STEVEN W
BOARD MEMBER	3.0	Yes (X)	$0	$0	$0
PEHLKE RICHARD W
BOARD MEMBER	2.5	Yes (X)	$0	$0	$0
ROBERTS LINNEA K
BOARD MEMBER	0.5	Yes (X)	$0	$0	$0
SCHRAGE PAUL D
BOARD MEMBER	5.0	Yes (X)	$0	$0	$0
SCHUMACHER JON R
BOARD MEMBER	4.0	Yes (X)	$0	$0	$0
SEEFELD SCOTT A
BOARD MEMBER	1.5	Yes (X)	$0	$0	$0
SHELTON JOHN W
BOARD MEMBER	3.0	Yes (X)	$0	$0	$0
SNYDER HARLEY W
BOARD MEMBER	2.5	Yes (X)	$0	$0	$0
STRASEN PAUL A
BOARD MEMBER	3.0	Yes (X)	$0	$0	$0
VANBEEK MICHAEL J
BOARD MEMBER	3.0	Yes (X)	$0	$0	$0
VIE AMY L
BOARD MEMBER	1.0	Yes (X)	$0	$0	$0
WILSON JOEL R
BOARD MEMBER	7.0	Yes (X)	$0	$0	$0
WINKLER JULIE M
BOARD MEMBER	1.0	Yes (X)	$0	$0	$0
YOUNG CARL H
BOARD MEMBER	4.0	Yes (X)	$0	$0	$0
ZECH RONALD H
BOARD MEMBER	2.5	Yes (X)	$0	$0	$0
ZEGLIS JOHN D
BOARD MEMBER	4.0	Yes (X)	$0	$0	$0
SCROGGINS SUSAN
VP ADMIN	65.0		$145,431	$0	$17,151	Yes (X)
HECKLER MARK A
PRESIDENT	65.0		$368,645	$0	$52,024	Yes (X)
HOLLANDER LISA A
VP ADVANCEMENT	65.0		$232,922	$0	$28,541	Yes (X)
SCHWEHN MARK R
PROVOST	65.0		$229,708	$0	$32,177	Yes (X)
JOSEPH MICHAEL A
VP ENROLLMENT	60.0		$220,793	$0	$34,275	Yes (X)
FARHA DARRON C
VP AND GENERAL COUNSEL	60.0		$175,901	$0	$31,097	Yes (X)
HUNTER BONNIE L
VP STUDENT AFFAIRS	60.0		$158,995	$0	$19,944	Yes (X)
DELNICK MATTHEW M
SR VP FINANCE & ADMIN	60.0		$182,947	$0	$30,023	Yes (X)
BODENSTEINER IVAN E
INTERIM DEAN, LAW SCHOOL	50.0		$213,535	$0	$31,116		Yes (X)
CARLSON DALE R
HEAD FOOTBALL COACH	50.0		$201,206	$0	$31,275			Yes (X)
BROCZINSKI JAMES D
DEAN, COLLEGE OF BUSINESS	50.0		$192,986	$0	$36,531			Yes (X)
DREW BRYCE H
HEAD BASKETBALL COACH	75.0		$340,958	$0	$36,506			Yes (X)
BERNER BRUCE G
LAW PROFESSOR	50.0		$209,337	$0	$44,568			Yes (X)
LEVINSON ROSALIE B
LAW PROFESSOR	50.0		$178,144	$0	$27,647			Yes (X)
GILLISPIE CHARLEY
FORMER SR. VP ADMIN & FINANCE	0.0		$159,249	$0	$23,689				0.0	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$3,210,757	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$476,564	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	87	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1	CityContractorAddress/USAddress/City	StateContractorAddress/USAddress/State	ZIP CodeContractorAddress/USAddress/ZIPCode	ServicesServicesDesc	CompensationCompensationAmt
MA MORTENSON COMPANY
25 NORTHWEST POINT BLVD	ELK GROVE VILLAGE	IL	60007	ARCHITECTURAL SVCS	$5,758,462
THE HAGERMAN GROUP
510 WEST WASHINGTON BLVD	FORT WAYNE	IN	46802	CONSTRUCTION	$3,278,453
EASTGATE INVESTMENTS
13 LINCOLNWAY STE 206	VALPARAISO	IN	46383	STUDENT HOUSING	$1,757,910
ROYALL COMPANY
1920 E PARHAM RD	RICHMOND	VA	23228	ENROLLMENT MGMT	$498,089
NAGLE HARTRAY ARCHTIECTURE
30 WEST MONROE ST SUITE 700	CHICAGO	IL	60603	ARCHITECTURAL SVCS	$482,096

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	17	CntrctRcvdGreaterThan100KCnt
Government Grants	$3,636,901	GovernmentGrantsAmt
All Other Contributions	$24,379,062	AllOtherContributionsAmt
Noncash Contributions	$2,547,722	NoncashContributionsAmt
Total Contributions	$28,015,963	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
TUIITION & FEES	611710	$137,241,780	$137,241,780
STUDENT HOUSING	611710	$12,781,264	$12,781,264
MISCELLANEOUS	900099	$5,911,186	$5,879,561	$31,625

Field	Value	IRS element (for citing)
Total Program Service Revenue	$155,934,230	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,576,447	TotalRevenueColumnAmt
Unrelated Business Revenue	$165,932	UnrelatedBusinessRevenueAmt
Exclusion	$1,410,515	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$168,993	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$156,214	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$12,779	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$12,779	TotalRevenueColumnAmt
Exclusion	$12,779	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$58,604,242	SecuritiesAmt
Other	$6,858	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$68,376,483	SecuritiesAmt
Other	$4,151	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$9,772,241	SecuritiesAmt
Other	$2,707	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$9,769,534	TotalRevenueColumnAmt
Related Or Exempt Func Income	$2,707	RelatedOrExemptFuncIncomeAmt
Exclusion	-$9,772,241	ExclusionAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$7,917,136	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$6,312,790	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,604,346	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,591,557	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$12,789	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$0	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$177,374,231	TotalRevenueColumnAmt
Related Or Exempt Func Income	$157,496,869	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$210,346	UnrelatedBusinessRevenueAmt
Exclusion	-$8,348,947	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$43,540	TotalAmt
Program Services	$43,540	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$57,310,930	TotalAmt
Program Services	$57,310,930	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,928,876	TotalAmt
Program Services	$823,030	ProgramServicesAmt
Management And General	$872,924	ManagementAndGeneralAmt
Fundraising	$232,922	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$56,422,056	TotalAmt
Program Services	$51,415,258	ProgramServicesAmt
Management And General	$3,149,230	ManagementAndGeneralAmt
Fundraising	$1,857,568	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$3,800,728	TotalAmt
Program Services	$3,402,577	ProgramServicesAmt
Management And General	$261,986	ManagementAndGeneralAmt
Fundraising	$136,165	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$11,534,667	TotalAmt
Program Services	$10,326,335	ProgramServicesAmt
Management And General	$795,089	ManagementAndGeneralAmt
Fundraising	$413,243	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$3,873,874	TotalAmt
Program Services	$3,468,060	ProgramServicesAmt
Management And General	$267,028	ManagementAndGeneralAmt
Fundraising	$138,786	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$17,213	TotalAmt
Management And General	$17,213	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$137,474	TotalAmt
Management And General	$137,474	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$245,918	TotalAmt
Fundraising	$245,918	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$239,400	TotalAmt
Management And General	$239,400	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$2,609,076	TotalAmt
Program Services	$1,967,577	ProgramServicesAmt
Management And General	$395,581	ManagementAndGeneralAmt
Fundraising	$245,918	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$851,709	TotalAmt
Program Services	$716,295	ProgramServicesAmt
Management And General	$135,414	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$16,513,991	TotalAmt
Program Services	$15,230,656	ProgramServicesAmt
Management And General	$676,731	ManagementAndGeneralAmt
Fundraising	$606,604	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,315,004	TotalAmt
Program Services	$725,190	ProgramServicesAmt
Management And General	$353,857	ManagementAndGeneralAmt
Fundraising	$235,957	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$4,149,197	TotalAmt
Program Services	$4,039,174	ProgramServicesAmt
Management And General	$85,148	ManagementAndGeneralAmt
Fundraising	$24,875	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$2,811,291	TotalAmt
Program Services	$2,587,065	ProgramServicesAmt
Management And General	$92,307	ManagementAndGeneralAmt
Fundraising	$131,919	FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$1,508,424	TotalAmt
Program Services	$1,319,452	ProgramServicesAmt
Management And General	$178,352	ManagementAndGeneralAmt
Fundraising	$10,620	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$2,855,118	TotalAmt
Program Services	$2,780,651	ProgramServicesAmt
Management And General	$57,631	ManagementAndGeneralAmt
Fundraising	$16,836	FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$12,064,760	TotalAmt
Program Services	$11,744,996	ProgramServicesAmt
Management And General	$247,468	ManagementAndGeneralAmt
Fundraising	$72,296	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$854,129	TotalAmt
Program Services	$726,010	ProgramServicesAmt
Management And General	$128,119	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
BAD DEBT EXPENSE	$122,109	$122,109
MEMBERSHIPS & SUBSCRIPTIONS	$495,200	$327,748	$138,757	$28,695
MISCELLANEOUS	$91,573	$91,573

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$181,796,257	TotalAmt
Program Services	$169,168,226	ProgramServicesAmt
Management And General	$8,229,709	ManagementAndGeneralAmt
Fundraising	$4,398,322	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$10,370	BOYAmt
EOY	$13,544	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$25,344,705	BOYAmt
EOY	$24,775,115	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$13,128,930	BOYAmt
EOY	$14,585,846	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$6,465,442	BOYAmt
EOY	$8,548,378	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$9,373,688	BOYAmt
EOY	$9,963,614	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$143,536	BOYAmt
EOY	$179,154	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$799,747	BOYAmt
EOY	$1,214,413	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$391,660,057	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$151,977,643	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$223,334,996	BOYAmt
EOY	$239,682,414	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$58,210,925	BOYAmt
EOY	$70,140,158	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$162,325,025	BOYAmt
EOY	$179,336,097	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$1,921,564	BOYAmt
EOY	$1,892,478	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$501,058,928	BOYAmt
EOY	$550,331,211	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$9,864,025	BOYAmt
EOY	$11,670,773	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$8,226,423	BOYAmt
EOY	$8,326,917	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$2,658,623	BOYAmt
EOY	$2,727,767	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$61,785,000	BOYAmt
EOY	$59,335,000	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$1,311,347	BOYAmt
EOY	$1,258,162	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$17,236,542	BOYAmt
EOY	$40,051,709	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$101,081,960	BOYAmt
EOY	$123,370,328	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$93,401,083	BOYAmt
EOY	$98,135,544	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$184,996,132	BOYAmt
EOY	$200,309,026	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$121,579,753	BOYAmt
EOY	$128,516,313	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$399,976,968	BOYAmt
EOY	$426,960,883	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$501,058,928	BOYAmt
EOY	$550,331,211	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$4,422,026	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$31,150,500	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$255,441	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

Field	Value	IRS element (for citing)
Revenues Included	$392,361	RevenuesIncludedAmt

Field	Value	IRS element (for citing)
Held Works Art		HeldWorksArtGrp
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Solicited Assets Sale	false	SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$185,619,950	BeginningYearBalanceAmt
Contributions	$6,546,639	ContributionsAmt
Investment Earnings Or Losses	$30,692,008	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$4,395,063	GrantsOrScholarshipsAmt
Other Expenditures	$5,207,982	OtherExpendituresAmt
Administrative Expenses	$201,288	AdministrativeExpensesAmt
End Year Balance	$213,054,264	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$166,126,012	BeginningYearBalanceAmt
Contributions	$12,376,057	ContributionsAmt
Investment Earnings Or Losses	$15,855,359	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$3,824,584	GrantsOrScholarshipsAmt
Other Expenditures	$4,675,949	OtherExpendituresAmt
Administrative Expenses	$236,945	AdministrativeExpensesAmt
End Year Balance	$185,619,950	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$166,431,517	BeginningYearBalanceAmt
Contributions	$1,749,381	ContributionsAmt
Investment Earnings Or Losses	$7,039,852	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$3,846,198	GrantsOrScholarshipsAmt
Other Expenditures	$5,025,413	OtherExpendituresAmt
Administrative Expenses	$223,127	AdministrativeExpensesAmt
End Year Balance	$166,126,012	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$142,634,092	BeginningYearBalanceAmt
Contributions	$3,180,626	ContributionsAmt
Investment Earnings Or Losses	$26,608,815	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$3,061,657	GrantsOrScholarshipsAmt
Other Expenditures	$2,775,011	OtherExpendituresAmt
Administrative Expenses	$155,348	AdministrativeExpensesAmt
End Year Balance	$166,431,517	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$143,641,452	BeginningYearBalanceAmt
Contributions	$1,127,904	ContributionsAmt
Investment Earnings Or Losses	$4,499,182	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$2,536,207	GrantsOrScholarshipsAmt
Other Expenditures	$3,949,407	OtherExpendituresAmt
Administrative Expenses	$148,832	AdministrativeExpensesAmt
End Year Balance	$142,634,092	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.09360	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.90400	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.00240	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	false	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$10,513,287	OtherCostOrOtherBasisAmt
Book Value	$10,513,287	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$254,917,877	OtherCostOrOtherBasisAmt
Depreciation	$88,072,517	DepreciationAmt
Book Value	$166,845,360	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$36,040,276	OtherCostOrOtherBasisAmt
Depreciation	$15,192,223	DepreciationAmt
Book Value	$20,848,053	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$60,602,931	OtherCostOrOtherBasisAmt
Depreciation	$28,164,940	DepreciationAmt
Book Value	$32,437,991	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$29,585,686	OtherCostOrOtherBasisAmt
Depreciation	$20,547,963	DepreciationAmt
Book Value	$9,037,723	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$239,682,414	TotalBookValueLandBuildingsAmt
Financial Derivatives		FinancialDerivativesGrp
Closely Held Equity Interests		CloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (6 entries)

DescDesc	Book ValueBookValueAmt
COMMONFUND BOND FUNDS	$7,932,421
COMMONFUND COMMODITIES FUNDS	$3,805,292
COMMONFUND PRIVATE CAPITAL	$48,513,879
COMMONFUND TREASURY ACCESS	$15,768,225
LIFE INS, REAL ESTATE, OTHER	$2,543,602
COMMONFUND EQUITIES FUNDS	$100,772,678

Field	Value	IRS element (for citing)
Total Book Value Securities	$179,336,097	TotalBookValueSecuritiesAmt
Federal Income Tax Liability	$0	FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)

DescDesc	AmtAmt
STUDENT DEPOSITS	$529,014
OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS	$5,258,349
CONDITIONAL ASSET RETIREMENT OBLIGATION	$7,549,521
POST RETIREMENT LIABILITIES	$4,626,958
LINE OF CREDIT	$20,000,000
OTHER LIABILITIES	$2,087,867

Field	Value	IRS element (for citing)
Total Liability	$40,051,709	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$157,699,486	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$31,150,500	NetUnrealizedGainsInvstAmt
Other Revenue	$6,777,329	OtherRevenueAmt
Revenue Not Reported	$37,927,829	RevenueNotReportedAmt
Revenue Subtotal	$119,771,657	RevenueSubtotalAmt
Investment Expenses Not Incld	$239,400	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$57,363,174	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$57,602,574	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$177,374,231	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$130,715,571	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$6,469,644	OtherExpensesIncludedAmt
Expenses Not Reported	$6,469,644	ExpensesNotReportedAmt
Expenses Subtotal	$124,245,927	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$239,400	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$57,310,930	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$57,550,330	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$181,796,257	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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.
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 know 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 6,312,790 CHANGE IN DISCOUNT & ALLOWANCE 307,685 RENTAL EXPENSES 156,854 TOTAL $6,777,329 PART XI, LINE 4B STUDENT AID 57,310,930 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 52,244 TOTAL $57,363,174
PART XII, LINE 2D	RENTAL EXPENSES 156,854 COST OF GOODS SOLD 6,312,790 TOTAL $6,469,644 PART XII, LINE 4B STUDENT AID 57,310,930

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (true)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

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.

LINE 6A

Valparaiso University receives federal and state research grants and grants for student financial aid.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)

RegionRegionTxt	OfficesOfficesCnt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)	2	2	Program Services	SEE PART V	$597,578
South America			Program Services	SEE PART V	$1,927
East Asia and the Pacific			Program Services	SEE PART V	$78,187
Sub-Saharan Africa			Program Services	SEE PART V	$117,899

Field	Value	IRS element (for citing)
Subtotal Offices	2	SubtotalOfficesCnt
Subtotal Employees	2	SubtotalEmployeesCnt
Total Office	2	TotalOfficeCnt
Total Employee	2	TotalEmployeeCnt
Subtotal Spent	$795,591	SubtotalSpentAmt
Total Spent	$795,591	TotalSpentAmt
Transfer To Foreign Corp	Yes (true)	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (true)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (true)	ForeignPartnershipInd
Boycott Countries	false	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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.

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	Yes (X)	MailSolicitationsInd
Email Solicitations	Yes (X)	EmailSolicitationsInd
Phone Solicitations	Yes (X)	PhoneSolicitationsInd
In Person Solicitations	Yes (X)	InPersonSolicitationsInd
Solicitation Of Non Govt Grants	Yes (X)	SolicitationOfNonGovtGrantsInd
Solicitation Of Govt Grants	Yes (X)	SolicitationOfGovtGrantsInd
Special Fundraising Events	Yes (X)	SpecialFundraisingEventsInd
Agrmt Prof Fundraising Acty	Yes (true)	AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Field	Value	IRS element (for citing)
Person	RUFFALOCODY	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1025 KIRKWOOD PARKWAY SW	AddressLine1
City	CEDAR RAPIDS	City
State	IA	State
ZIP Code	52404	ZIPCode

Field	Value	IRS element (for citing)
Activity	PHONEATHON	ActivityTxt
Fundraiser Control Of Funds	false	FundraiserControlOfFundsInd
Gross Receipts	$15,450	GrossReceiptsAmt

Field	Value	IRS element (for citing)
Total Gross Receipts	$15,450	TotalGrossReceiptsAmt
Licensed States	AL	LicensedStatesCd
Licensed States	AK	LicensedStatesCd
Licensed States	AR	LicensedStatesCd
Licensed States	CA	LicensedStatesCd
Licensed States	CO	LicensedStatesCd
Licensed States	CT	LicensedStatesCd
Licensed States	DC	LicensedStatesCd
Licensed States	FL	LicensedStatesCd
Licensed States	GA	LicensedStatesCd
Licensed States	HI	LicensedStatesCd
Licensed States	IL	LicensedStatesCd
Licensed States	KS	LicensedStatesCd
Licensed States	KY	LicensedStatesCd
Licensed States	LA	LicensedStatesCd
Licensed States	ME	LicensedStatesCd
Licensed States	MD	LicensedStatesCd
Licensed States	MA	LicensedStatesCd
Licensed States	MI	LicensedStatesCd
Licensed States	MN	LicensedStatesCd
Licensed States	MS	LicensedStatesCd
Licensed States	NV	LicensedStatesCd
Licensed States	NH	LicensedStatesCd
Licensed States	NJ	LicensedStatesCd
Licensed States	NM	LicensedStatesCd
Licensed States	NY	LicensedStatesCd
Licensed States	NC	LicensedStatesCd
Licensed States	ND	LicensedStatesCd
Licensed States	OH	LicensedStatesCd
Licensed States	OK	LicensedStatesCd
Licensed States	OR	LicensedStatesCd
Licensed States	PA	LicensedStatesCd
Licensed States	RI	LicensedStatesCd
Licensed States	SC	LicensedStatesCd
Licensed States	TN	LicensedStatesCd
Licensed States	UT	LicensedStatesCd
Licensed States	VA	LicensedStatesCd
Licensed States	WA	LicensedStatesCd
Licensed States	WI	LicensedStatesCd

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS	GrantTypeTxt
Recipient	3379	RecipientCnt
Cash Grant	$57,310,930	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	false	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
CARLSON DALE R
HEAD FOOTBALL COACH	$201,206	$0	$0	$0	$0	$0	$15,523	$0	$15,752	$0	$232,481	$0	$0	$0
BROCZINSKI JAMES D
DEAN, COLLEGE OF BUSINESS	$192,986	$0	$0	$0	$0	$0	$15,087	$0	$21,445	$0	$229,518	$0	$0	$0
SCROGGINS SUSAN
VP ADMIN	$145,431	$0	$0	$0	$0	$0	$10,834	$0	$6,316	$0	$162,581	$0	$0	$0
HECKLER MARK A
PRESIDENT	$368,645	$0	$0	$0	$0	$0	$19,125	$0	$32,899	$0	$420,669	$0	$0	$0
HOLLANDER LISA A
VP ADVANCEMENT	$232,922	$0	$0	$0	$0	$0	$14,052	$0	$14,489	$0	$261,463	$0	$0	$0
SCHWEHN MARK R
PROVOST	$229,708	$0	$0	$0	$0	$0	$17,373	$0	$14,804	$0	$261,885	$0	$0	$0
JOSEPH MICHAEL A
VP ENROLLMENT	$220,793	$0	$0	$0	$0	$0	$16,910	$0	$17,366	$0	$255,069	$0	$0	$0
FARHA DARRON C
VP AND GENERAL COUNSEL	$175,901	$0	$0	$0	$0	$0	$13,833	$0	$17,263	$0	$206,997	$0	$0	$0
HUNTER BONNIE L
VP STUDENT AFFAIRS	$158,995	$0	$0	$0	$0	$0	$12,089	$0	$7,855	$0	$178,939	$0	$0	$0
DELNICK MATTHEW M
SR VP FINANCE & ADMIN	$182,947	$0	$0	$0	$0	$0	$14,922	$0	$15,101	$0	$212,970	$0	$0	$0
BODENSTEINER IVAN E
INTERIM DEAN, LAW SCHOOL	$213,535	$0	$0	$0	$0	$0	$16,345	$0	$14,770	$0	$244,650	$0	$0	$0
DREW BRYCE H
HEAD BASKETBALL COACH	$340,958	$0	$0	$0	$0	$0	$19,125	$0	$17,381	$0	$377,464	$0	$0	$0
BERNER BRUCE G
LAW PROFESSOR	$209,337	$0	$0	$0	$0	$0	$29,845	$0	$14,723	$0	$253,905	$0	$0	$0
GILLISPIE CHARLEY
FORMER SR. VP ADMIN & FINANCE	$159,249	$0	$0	$0	$0	$0	$12,203	$0	$11,486	$0	$182,938	$0	$0	$0
LEVINSON ROSALIE B
LAW PROFESSOR	$178,144	$0	$0	$0	$0	$0	$13,742	$0	$13,905	$0	$205,791	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 1A	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
INDIANA FINANCE AUTHORITY
A	351602316	455057KK4	2007-11-08	$31,469,854	REFUNDING SERIES 2003 ENERGY BONDS	false	false	false
INDIANA FINANCE AUTHORITY
B	351602316	455057YZ6	2010-06-23	$30,421,188	REFUNDING SERIES 1999 BONDS	false	false	false

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Bond DefeasedBondDefeasedAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Capitalized InterestCapitalizedInterestAmt	Refunding EscrowRefundingEscrowAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Credit EnhancementCreditEnhancementAmt	Working Capital ExpendituresWorkingCapitalExpendituresAmt	Capital ExpendituresCapitalExpendituresAmt	Other Spent ProceedsOtherSpentProceedsAmt	UnspentUnspentAmt	Current RefundingCurrentRefundingInd	Advance RefundingAdvanceRefundingInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd
A	$930,000	$0	$31,469,854	$0	$2,141,871	$0	$283,698	$0	$28,017,673	$1,186,156	$0	$0	Yes (true)	false	Yes (true)	Yes (true)
B	$2,560,000	$0	$30,421,188	$0	$535,000	$0	$281,865	$0	$20,570,000	$9,569,323	$0	$0	Yes (true)	false	Yes (true)	Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedPropertyInd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Any Research AgreementsAnyResearchAgreementsInd	Private Bus Use By OthersPrivateBusUseByOthersPct	Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd	Change In Use Bond Financed PropChangeInUseBondFinancedPropInd	Remedial Action TakenRemedialActionTakenInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	false	false	false	false	0	Yes (true)	false	false	Yes (true)
B	false	false	false	false	0	Yes (true)	false	false	Yes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Business Name Line1GICProviderName/BusinessNameLine1	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
0
A	false	false	Yes (true)	false	false	false	false	0	false	Yes (true)
0
B	false	false	false	Yes (true)	false	false	false	0	false	Yes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (true)
B	Yes (true)

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PT. IV, LINE 2C, COLUMN B	FormAndLineReferenceDesc
Explanation	THE REBATE COMPUTATION WAS PERFORMED IN SEPTEMBER OF 2013.	ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd

Issuer Name IssuerName

Field	Value	IRS element (for citing)
Business Name Line1	INDIANA EDUCATIONAL FACILITIES AUTHORITY	BusinessNameLine1

Field	Value	IRS element (for citing)
Bond Issuer EIN	521698917	BondIssuerEIN
CUSIP	455048S90	CUSIPNum
Bond Issued	2003-08-06	BondIssuedDt
Issue Price	$15,763,301	IssuePriceAmt
Purpose	REFINANCING SERIES 1993 BONDS	PurposeDesc
Defeased	false	DefeasedInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Pool Financing	false	PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Retired	$13,480,000	RetiredAmt
Bond Defeased	$0	BondDefeasedAmt
Total Proceeds	$15,763,301	TotalProceedsAmt
In Reserve Fund	$0	InReserveFundAmt
Capitalized Interest	$0	CapitalizedInterestAmt
Refunding Escrow	$0	RefundingEscrowAmt
Issuance Costs From Proceeds	$119,372	IssuanceCostsFromProceedsAmt
Credit Enhancement	$538,408	CreditEnhancementAmt
Working Capital Expenditures	$0	WorkingCapitalExpendituresAmt
Capital Expenditures	$15,105,521	CapitalExpendituresAmt
Other Spent Proceeds	$0	OtherSpentProceedsAmt
Unspent	$0	UnspentAmt
Current Refunding	Yes (true)	CurrentRefundingInd
Advance Refunding	false	AdvanceRefundingInd
Final Allocation Made	Yes (true)	FinalAllocationMadeInd
Adequate Books And Rec Maint	Yes (true)	AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Owning Bond Financed Property	false	OwningBondFinancedPropertyInd
Any Lease Arrangements	false	AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop	false	MgmtContractBondFincdPropInd
Any Research Agreements	false	AnyResearchAgreementsInd
Private Bus Use By Others	0	PrivateBusUseByOthersPct
Bond Iss Meet Prvt Sec Pymt Test	Yes (true)	BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop	false	ChangeInUseBondFinancedPropInd
Remedial Action Taken	false	RemedialActionTakenInd
Procs Nonqualified Bond Remdtd	Yes (true)	ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Form8038 T Filed	false	Form8038TFiledInd
Rebate Not Due Yet	false	RebateNotDueYetInd
Exception To Rebate	Yes (true)	ExceptionToRebateInd
No Rebate Due	false	NoRebateDueInd
Variable Rate Issue	false	VariableRateIssueInd
Hedge Identified In Bks And Rec	false	HedgeIdentifiedInBksAndRecInd

Hedge Provider Name HedgeProviderName

Field	Value	IRS element (for citing)
Business Name Line1	0	BusinessNameLine1

Field	Value	IRS element (for citing)
Gross Proceeds Invested In GIC	false	GrossProceedsInvestedInGICInd

GIC Provider Name GICProviderName

Field	Value	IRS element (for citing)
Business Name Line1	0	BusinessNameLine1

Field	Value	IRS element (for citing)
Gross Proceeds Invested	false	GrossProceedsInvestedInd
Written Proc To Monitor Reqs	Yes (true)	WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Procedures Corrective Action	Yes (true)	ProceduresCorrectiveActionInd

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

Field	Value	IRS element (for citing)
Cash Grant	$31,810	CashGrantAmt
Type Of Assistance	MERIT SCHOLARSHIPS	TypeOfAssistanceTxt
Assistance Purpose	TUITION ASSISTANCE	AssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (6 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
MARK HAGERMAN
BOARD MEMBER	$3,278,453	CONSTRUCTION SERVICES	false
HARLEY SNYDER
BOARD MEMBER	$206,125	TEACHING OF ESL	false
HARLEY SNYDER
BOARD MEMBER	$68,740	SUITE RENTAL	false
MIRANDA JACK
MARK HECKLER'S DAUGHTER	$24,635	COMPENSATION	false
KELLI GARIGLIETTI FARHA
DARRON FARHA'S WIFE	$12,900	COMPENSATION	false
DOROTHY BASS
MARK SCHWEHN'S WIFE	$94,710	COMPENSATION	false

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	14	ContributionCnt
Noncash Contributions Rpt F990	$392,361	NoncashContributionsRptF990Amt
Method Of Determining Revenues	APPRAISAL	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Art Historical Treasures		ArtHistoricalTreasuresGrp
Art Fractional Interest		ArtFractionalInterestGrp

Books And Publications BooksAndPublicationsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Noncash Contributions Rpt F990	$10,904	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FAIR MARKET VALUE	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Clothing And Household Goods		ClothingAndHouseholdGoodsGrp
Cars And Other Vehicles		CarsAndOtherVehiclesGrp
Boats And Planes		BoatsAndPlanesGrp
Intellectual Property		IntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	19	ContributionCnt
Noncash Contributions Rpt F990	$884,578	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FAIR MARKET VALUE	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Securities Closely Held Stock		SecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust Intrsts		SecurPrtnrshpTrustIntrstsGrp
Securities Miscellaneous		SecuritiesMiscellaneousGrp
Qualified Contrib Hist Struct		QualifiedContribHistStructGrp
Qualified Contrib Other		QualifiedContribOtherGrp
Real Estate Residential		RealEstateResidentialGrp
Real Estate Commercial		RealEstateCommercialGrp
Real Estate Other		RealEstateOtherGrp
Collectibles		CollectiblesGrp
Food Inventory		FoodInventoryGrp
Drugs And Medical Supplies		DrugsAndMedicalSuppliesGrp
Taxidermy		TaxidermyGrp
Historical Artifacts		HistoricalArtifactsGrp
Scientific Specimens		ScientificSpecimensGrp
Archaeological Artifacts		ArchaeologicalArtifactsGrp

Other Non Cash Contri Table OtherNonCashContriTableGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Desc	EVENT CATERING	Desc
Contribution	9	ContributionCnt
Noncash Contributions Rpt F990	$3,558	NoncashContributionsRptF990Amt
Method Of Determining Revenues	COST	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	7	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	Yes (true)	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Line 32b	FormAndLineReferenceDesc
Explanation	Valparaiso University uses Merrill Lynch to sell stock and securities received as gifts from donors.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 HARLEY W. SNYDER ARE CONSIDERED NON-INDEPENDENT BOARD MEMBERS DUE TO TRANSACTIONS LISTED ON SCH. L. 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, 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, LINE 15A & 15B	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 2014. 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 Senior Vice President for Finance and Administration.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1
VALPARAISO UNIV INT'L COLLABORATION LLC
1700 CHAPEL DRIVE	VALPARAISO	IN	46383	453588931	CHARITABLE	DE	-$4,326	$44,582	LUA
VU PROPERTY HOLDINGS I LLC
1700 CHAPEL DRIVE	VALPARAISO	IN	46383	452856225	R/E HOLDINGS	IN	-$4,209	$563,991	LUA
VU PROPERTY HOLDINGS II LLC
1700 CHAPEL DRIVE	VALPARAISO	IN	46383	455235826	R/E HOLDINGS	IN	-$47,120	$151,221	LUA