2026-04-14T11:44:46+00:00 2025-06-30 440160260 Forvis Mazars LLP 14221 Dallas Parkway Suite 400 Dallas TX 75254 990 2024-07-01 751081109 LeTourneau University LETO 9032334110 PO Box 7001 Longview TX 756077001 STEVEN MASON President 9032334110 2026-04-14 true true Andrew J Gray P01517705 9727028262 2026-04-15 2024 2025-03-06 01:10:19Z STEVEN MASON PO Box 7001 Longview TX 756077001 123878799 false X WWW.LETU.EDU X 1946 TX LETU IS A PRIVATE, INTERDENOMINATIONAL, EVANGELICAL CHRISTIAN INSTITUTION OF MORE THAN 3,000 STUDENTS CLAIMING EVERY WORKPLACE AND EVERY NATION AS ITS MISSION FIELD. 27 26 1387 250 0 0 37951035 52715646 64105702 65768159 1801574 1607407 100782 3787587 103959093 123878799 21097123 21186621 0 0 31035637 33515672 117061 0 2873046 25890189 29102030 78140010 83804323 25819083 40074476 152992879 158161808 14000025 13899817 138992854 144261991 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 57452959 21186621 56008719 LeTourneau University's primary program service is the delivery of oncampus undergraduate education at its Longview, Texas campus. The University offers degree programs in engineering, technology, liberal arts, nursing, business, aeronautical science, education, and the sciences. LeTourneau University is consistently ranked by U.S. News & World Report in the top tier among regional universities in the West. During the year ended June 30, 2025, the University served approximately 1,650 students through classroom instruction, labs, academic advising, and student support services, fulfilling its exempt educational mission. 11636428 9759440 The University provides auxiliary services that support and enhance the oncampus student experience, including residential housing, meal plans, dining services, and related student support activities. These services contribute to student retention, campus life, and a comprehensive learning environment. 69089387 true true false false false false false true false true true false false false true true false true true false false false false false false false false false true true true false false false false false false false false false false true false false false false true true true false false true 4648 0 1387 true true true false false false false true true false false false false false false X 27 26 true false false false false false false true true false false false false true true true true true true true false false X Jacob Graves 9032334121 PO BOX 7001 LONGVIEW TX 756077001 James Schreder Treasurer - Trustee 3.0 0 X X 0 0 0 Patrick Bertsche Vice Chair - Trustee 3.0 0 X X 0 0 0 Roger Kieffer Chair - Trustee 3.0 0 X X 0 0 0 Steven D Mason President 59.0 1.0 X X 389402 0 33664 Tom Burt Secretary - Trustee 3.0 0 X X 0 0 0 Alan Cumming Trustee START: 11/24 3.0 0 X 0 0 0 Bob Walker Trustee 3.0 1.0 X 0 0 0 Curt Fitchett Trustee 3.0 0 X 0 0 0 Cy Oatridge Trustee 3.0 0 X 0 0 0 Dan DiFrancesco Trustee 3.0 1.0 X 0 0 0 David Canche Trustee START: 11/24 3.0 0 X 0 0 0 Doug Douglas Trustee 3.0 0 X 0 0 0 Eugene Frost Trustee 3.0 0 X 0 0 0 Henry Parrish Trustee START: 11/24 3.0 0 X 0 0 0 Howard Wilson Trustee START: 11/24 3.0 0 X 0 0 0 James Nolt Trustee 3.0 0 X 0 0 0 Jason Muehlhoff Trustee 3.0 0 X 0 0 0 John Solheim Trustee 3.0 0 X 0 0 0 Julia Reed Trustee 3.0 0 X 0 0 0 Ladina Wingert Alumni Rep - Trustee 3.0 0 X 0 0 0 Larry Mercer Trustee 3.0 1.0 X 0 0 0 Michael Moss Trustee 3.0 0 X 0 0 0 Michele Charles Trustee 3.0 0 X 0 0 0 Nikita Mumphrey Trustee 3.0 0 X 0 0 0 Rogers Pope Trustee 3.0 0 X 0 0 0 Titus Crabb Trustee START: 11/24 3.0 0 X 0 0 0 Wayne Steege Trustee 3.0 0 X 0 0 0 Lori Beaty VP of Finance and Admin/CFO 60.0 0 X 140588 0 6776 Benjamin W Caldwell Provost 60.0 0 X 178467 0 18834 Donald K Egle VP of Enrollment, Markteting, & Communication 60.0 0 X 155926 0 8332 Dale A Lunsford Former Chancellor, Advisor Ended: 12/25 60.0 0 X 418531 0 77584 Kristina Elmore AVP for Development 60.0 0 X 125412 0 46000 Kristy J Morgan VP of Student Affairs 60.0 0 X 120238 0 6528 Michael J McGinnis Dean of Engineering & Technology 60.0 0 X 166173 0 10578 Terry A Zeitlow VP of Devopment 60.0 0 X 145195 0 10947 1839932 0 219243 28 false true false Transet Co 400 American Legion Blvd PO Box 2861 Longview TX 75606 General Contractor 10214311 Bon Appetit Management Corporation PO Box 417632 Boston MA 022417632 Food Service Provider 3192964 Hopkins Custom Roofing 23023 FM 2767E Kilgore TX 75662 Roofing Contractor 1050000 Textron Aviation Inc 23260 Network Place Chicago IL 606731232 Aviation Maintenance 950868 Ellucian Company LLC 62578 Collections Center Drive Chicago IL 60693 Cloud ERP Software Services 880959 32 5000 2330586 50380060 287388 52715646 TUITION AND FEES 611310 56008719 56008719 AUXILIARY 611310 9759440 9759440 0 0 0 0 65768159 1526355 1526355 264377 264377 0 264377 264377 597 80455 597 80455 81052 81052 Insurance Proceeds 900099 3489476 3489476 Miscellaneous Revenue 900099 33734 33734 0 0 0 0 3523210 123878799 65768159 0 5394994 21186621 21186621 0 0 534453 444116 90337 25514038 20149298 3749640 1615100 1294647 1029695 182415 82537 4418629 3452695 689179 276755 1753905 1385520 257327 111058 86306 352 77711 8243 136033 132620 3413 409600 409600 7999350 5930770 1670886 397694 416434 135306 265764 15364 2563379 2204409 222804 136166 2332138 2332138 5031215 4737252 285475 8488 1417136 1088781 207085 121270 219406 175311 37474 6621 64292 61845 2447 5409521 5100614 308907 744496 198101 546395 GRANT EXPENDITURES 2252817 2252817 TAXES 19907 19907 0 0 0 0 83804323 69089387 11841890 2873046 457917 12242950 12572196 9816738 6797961 48924921 41018043 1119476 0 0 0 0 657017 169310 98271 274983 682445 618631 171381630 100233143 61001024 71148487 16470332 11335155 0 0 13237673 2511157 152992879 158161808 0 4142278 8658004 8260261 1481970 227538 0 0 3860051 1269740 14000025 13899817 X 76121572 74871907 62871282 69390084 138992854 144261991 152992879 158161808 X 40074476 287837 -35093176 X false true true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false 37458704 1194746 3499596 1420112 137573 40595361 27831294 6984113 3923178 766761 513120 37458704 25621543 1715155 1953610 950079 508935 27831294 28532915 2216191 -4220285 893664 13614 25621543 22868311 605168 5936087 838445 38206 28532915 0.02 0.9315 0.0485 false true true 125794958 77663906 48131052 21807470 16140095 5667375 23779202 6429142 17350060 71148487 Federal Income Taxes HELD IN CUSTODY FOR OTHERS 688306 ANNUITY CONTRACTS AND TRUSTS DEPOSITS 189503 LEASE LIABILITIES 391931 1269740 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part III, Line 4 Collections of art - description of collections THE SEFER HEBREW SCROLLS WILL BE ON DISPLAY TO EDUCATE ABOUT THE TRANSMISSION, PRESERVATION, AND TRANSLATION OF THE BIBLE. THIS WILL POSITIVELY IMPACT STUDENT'S APPRECIATION FOR GOD'S WORD. Schedule D, Part V, Line 4 Intended uses of endowment funds THE SOLE PURPOSE OF THE ENDOWMENT IS TO SUPPORT THE UNIVERSITY AND ITS MISSION OVER THE LONG TERM. PRESENTLY THE MAJORITY OF THE ENDOWMENT IS FOR GENERAL AND SPECIFIC STUDENT SCHOLARSHIPS, WITH THE REMAINDER IN SUPPORT OF AN ENGINEERING DEPARTMENT CHAIR, BUILDING MAINTENANCE, STUDENT AFFAIRS AND EDUCATIONAL SUPPORT SYSTEMS, INFORMATION TECHNOLOGY SUPPORT AND STUDENT REVOLVING LOANS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY WE ACTIVELY SEEK STUDENTS OF ALL RACES IN OUR ADMISSIONS EFFORTS. THE UNIVERSITY HAS A NONDISCRIMINATION POLICY AND A RACIALLY DIVERSE STUDENT BODY, FACULTY, AND STAFF. THE POLICY IS CONSISTENTLY COMMUNICATED. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT FINANCIAL AID RECEIVED FROM THE FEDERAL GOVERNMENT INCLUDES THE FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (FSEOG), FEDERAL STAFFORD LOANS, FEDERAL PARENT LOAN TO UNDERGRADUATE STUDENTS (PLUS), FEDERAL TEACH LOANS, AND FEDERAL COLLEGE WORK STUDY. true Institutional Scholarships 1310 21186621 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds 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 true true X X X false false false false false false false true false Steven D Mason President 314566 0 12336 0 62500 0 23000 0 10664 0 423066 0 0 0 Benjamin W Caldwell Provost 178467 0 0 0 0 0 9417 0 9417 0 197301 0 0 0 Donald K Egle VP of Enrollment, Markteting, & Communication 147816 0 8110 0 0 0 8110 0 222 0 164258 0 0 0 Terry A Zeitlow VP of Devopment 135727 0 9468 0 0 0 9468 0 1479 0 156142 0 0 0 Dale A Lunsford Former Chancellor, Advisor Ended: 12/25 322447 0 16584 0 79500 0 47084 0 30500 0 496115 0 0 0 Michael J McGinnis Dean of Engineering & Technology 156149 0 10024 0 0 0 10024 0 554 0 176751 0 0 0 Kristina Elmore AVP for Development 125412 0 0 0 0 0 23000 0 23000 0 171412 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel HOUSING FOR THE PRESIDENT IS PAID FOR BY THE UNIVERSITY. THE EXCLUSION RULES UNDER SECT. 119 ARE NOT MET, AND AS A RESULT, THE ALLOWANCE IS TAXABLE COMPENSATION TO THE PRESIDENT AND IS PROPERLY RECORDED AS SUCH ON HIS W-2. THE UNIVERSITY PROVIDES A COUNTRY CLUB MEMBERSHIP IN THE PRESIDENT'S NAME THAT IS USED FOR BUSINESS RELATED ENTERTAINING. ON OCCASION, THE UNIVERSITY HAS PURCHASED FIRST CLASS COMMERCIAL AIRFARE FOR THE PRESIDENT WHEN HIS SCHEDULE AND/OR SEAT AVAILABILITY REQUIRE IT. DR. DALE LUNSFORD, CHANCELLOR, ALSO RECEIVED A HOUSING ALLOWANCE AND AIRFARE IN TAX YEAR 2024. Schedule J, Part I, Line 1a Housing allowance or residence for personal use Dr. Dale Lunsford receives a taxable housing allowance. Schedule J, Part I, Line 7 Non-fixed payments Bonus payments are discretionary and are based on performance. A LONGVIEW EDUCATION FINANCE CORPORATION 300640131 XXXXXXXXX 2010-08-31 15000000 EDUCATIONAL AND RELATED FACILITIES false false false A 14770584 15000000 168984 14831016 2014 false false true true A false false false false false false 0.0 0.0 0.0 false false 0 false true A false false false true false false 0 false false false 0 false false true A true Schedule K, Part I Schedule K, Part I & Part II - Bond Retirement: The bond issue originally issued by Longview Education Finance Corporation on August 31, 2010, was fully retired during the fiscal year. The final outstanding balance of the bonds was paid off in September 2025. As of the end of the fiscal year, no amounts remain outstanding with respect to this bond issue. The retirement of the bonds was completed in accordance with the bond documents. Schedule K, Part IV, Line 2c COLUMN A Issuer name: LONGVIEW EDUCATION FINANCE CORPORATION The calculation for computing no rebate due was performed on 09/01/2016 1 1000 Market value X Welding Equipment 1 265388 Market value X Telescope 1 5000 Market value X Airframe Kit 1 14000 Market value X Hardware & Software 1 2000 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Other - Welding Equipment This number is the number of contributions. Other - Telescope This number is the number of contributions. Drugs and medical supplies - This number is the number of contributions. Other - Airframe Kit This number is the number of contributions. Other - Hardware & Software This number is the number of contributions. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons TRUSTEE LARRY MERCER - FATHER; TRUSTEE MICHELE CHARLES - DAUGHTER - Family relationship, Rogers Pope Jr. serves as CEO and Chairman of Texas Bank and Trust, LeTourneau University's primary banking institution. This relationship predates his involvement with the University, and he does not participate in treasury or banking decisions - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY THE ORGANIZATION'S CONTROLLER AND THEIR INDEPENDENT ACCOUNTING FIRM. THE FORM IS THEN REVIEWED BY THE VICE-PRESIDENT FOR FINANCE AND ADMINISTRATION AND THE PRESIDENT. Form 990, Part VI, Line 12c Conflict of interest policy A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED ANNUALLY BY ALL BOARD OF TRUSTEE MEMBERS AS WELL AS EXECUTIVE STAFF EMPLOYEES AND ALL EMPLOYEES WITH SIGNIFICANT PURCHASING AUTHORITY. ALL WRITTEN NOTICES OF DISCLOSURES ARE REVIEWED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. ALL DISCLOSURES OF REAL OR APPARENT CONFLICT OF INTEREST SHALL BE COMMUNICATED TO THE BOARD OF TRUSTEES. AN EMPLOYEE WHO BELIEVES THAT HE OR SHE OR A MEMBER OF HIS OR HER FAMILY MIGHT HAVE A REAL OR APPARENT CONFLICT OF INTEREST MUST ABSTAIN FROM: PARTICIPATING IN DISCUSSIONS OR DELIBERATIONS WITH RESPECT TO THE SUBJECT OF THE CONFLICT, USING HIS OR HER PERSONAL INFLUENCE TO AFFECT DELIBERATIONS, MAKING MOTIONS, VOTING, EXECUTING AGREEMENTS, OR TAKING SIMILAR ACTIONS ON BEHALF OF THE ORGANIZATIONS WHERE THE CONFLICT OF INTEREST MIGHT PERTAIN. Form 990, Part VI, Line 15a Process to establish compensation of top management official 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 ANNUALLY. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE VP FOR FINANCE AND ADMINISTRATION 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 ANNUALLY. Form 990, Part VI, Line 19 Required documents available to the public LETOURNEAU UNIVERSITY KEEPS ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ON SITE AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Split Interest Agreement - 166589; Other Transfers - -565643; Intercompany Activites - -9178840; Removal of LeTu Fdtn Net Assets - -25515282; Total - -35093176; FORM 990, PART VI, LINE 1A INDEPENDENT VOTING MEMBERS DR. STEVEN MASON IS A PAID EMPLOYEE OF THE ORGANIZATION. THEREFORE, HE IS CONSIDERED NON-INDEPENDENT. THE LETOURNEAU UNIVERSITY FOUNDATION 2100 SOUTH MOBBERLY AVENUE LONGVIEW TX 75602 832155629 SUPPORT LETU TX 501(c)(3) Type I LETU true CHARITABLE REMAINDER TRUSTS (4) Charitable Trusts TX NA Trust RG RESEARCH AND DEVELOPMENT INC 2100 SOUTH MOBBERLY AVENUE LONGVIEW TX 75602 921045834 SUPPORT TX LETU C Corporation 4931 338418 1.0000 true false false true true false false false false false false false false false true true false false true true RG Research & Development Inc D 100000 FMV