The Lutheran University Association Inc
- Assets
- $674.4m
- Revenue
- $197.9m
- Investments
- $348.8m
- Employees
- 2,126
- Location
- Valparaiso, IN
- Founding
- 12/1943
- Data as of
- 06/2021
- EIN
- 35-0868125
Organization Overview
The Lutheran University Association Inc, operating under the name Valparaiso University, is located in Valparaiso, IN. The organization was established in 1943. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Valparaiso University employed 2,126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valparaiso University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Valparaiso University generated $197.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $189.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
UNDERGRADUATE PROGRAMS - VALPARAISO UNIVERSITY ENROLLS MORE THAN 2,900 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 AND HEALTH PROFESSIONS, AS WELL AS CHRIST COLLEGE, VALPARAISO UNIVERSITY'S HONORS COLLEGE. VALPO HAS BEEN NAMED ONE OF THE BEST VALUES NATIONWIDE FOR 2022 BY U.S. NEWS & WORLD REPORT. IN ADDITION, THE COLLEGE OF ENGINEERING WAS RANKED AMONG THE TOP 7% OF UNDERGRADUATE ENGINEERING PROGRAMS IN THE NATION AND THE COLLEGE OF NURSING AND HEALTH PROFESSIONS WAS RANKED IN THE TOP 17% OF UNDERGRADUATE NURSING PROGRAMS FOR 2022 BY U.S. NEWS & WORLD REPORT. VALPARAISO UNIVERSITY 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 2020 AND MAY AND AUGUST 2021 WAS 97%. THE OVERALL PLACEMENT RATE HAS EXCEEDED 90% FOR 30 CONSECUTIVE YEARS. VALPARAISO UNIVERSITY'S DIVISION I ATHLETICS TEAMS CONTINUE TO SUCCEED IN THE CLASSROOM, WITH MANY HONORS BESTOWED UPON VALPO STUDENT-ATHLETES BY THE MISSOURI VALLEY CONFERENCE FOR THE 2021-2022 ACADEMIC AND ATHLETIC YEAR - 11 STUDENT-ATHLETES RECEIVED THE PRESIDENT'S COUNCIL ACADEMIC EXCELLENCE HONOR, THE MISSOURI VALLEY CONFERENCE'S HIGHEST ACADEMIC HONOR; 59 STUDENT-ATHLETES ACHIEVED THE COMMISSIONER'S ACADEMIC EXCELLENCE AWARD; AND 177 STUDENT-ATHLETES WERE NAMED TO THE MISSOURI VALLEY CONFERENCE HONOR ROLL.
GRADUATE PROGRAMS - VALPARAISO UNIVERSITY'S GRADUATE OFFICE OFFERS MORE THAN 25 GRADUATE AND CERTIFICATE PROGRAMS THAT ARE FULLY INTEGRATED INTO THE COLLEGES OF ARTS AND SCIENCES, BUSINESS, AND NURSING AND 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 DOCTORATES OF NURSING PRACTICE AND OCCUPATIONAL THERAPY), GRADUATE PROGRAMS EMPHASIZE ACADEMIC RIGOR, PRACTICAL APPLICATION FOR MARKET READY SKILLS, AND CAREER AND PROFESSIONAL DEVELOPMENT. IN FALL 2022, THE GRADUATE SCHOOL ENROLLED 609 STUDENTS, WITH 50% INTERNATIONAL STUDENTS AND 11% STUDENTS FROM DOMESTIC MINORITIES. COMPREHENSIVE ACADEMIC SUPPORT PROVIDES A FULL-SERVICE COMPLEMENT TO THE CULTURAL, EMOTIONAL, AND INTELLECTUAL DEVELOPMENT OF VALPARAISO UNIVERSITY GRADUATE STUDENTS.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose Padilla President (began 1/21) | OfficerTrustee | 60 | $525,434 |
Mark Heckler President Emeritus | Officer | 60 | $518,151 |
Matt Lottich Head Coach Men's Basketball | 60 | $331,843 | |
Eric Johnson Provost & Executive VP | Officer | 60 | $251,308 |
Darron Farha VP & General Counsel | Officer | 60 | $239,077 |
Lisa Hollander VP For Advancement | Officer | 60 | $252,949 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parkhurst Dining Student Dining Servi | 6/29/22 | $5,135,867 |
University Promenade Llc Student Housing | 6/29/22 | $840,221 |
Burglund Construction Company Construction | 6/29/22 | $1,149,371 |
3 Enrollment Marketing Marketing | 6/29/22 | $894,850 |
Ruffalo Noel Levitz Llc Recruitment Services | 6/29/22 | $258,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,690,388 |
| Investment income | $369,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$60,075 |
| Net Gain/Loss on Asset Sales | $12,950,330 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,856,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $83,437,317 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,677,638 |
| Compensation to disqualified persons | $24,828 |
| Other salaries and wages | $43,296,735 |
| Pension plan accruals and contributions | $1,954,136 |
| Other employee benefits | $9,755,381 |
| Payroll taxes | $3,106,261 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $423,442 |
| Fees for services: Accounting | $146,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10,000 |
| Fees for services: Investment Management | $206,591 |
| Fees for services: Other | $7,836,258 |
| Advertising and promotion | $1,927,610 |
| Office expenses | $7,883,513 |
| Information technology | $2,028,012 |
| Royalties | $0 |
| Occupancy | $4,727,058 |
| Travel | $1,025,683 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $455,737 |
| Interest | $4,592,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,786,174 |
| Insurance | $916,382 |
| All other expenses | $0 |
| Total functional expenses | $189,300,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,525 |
| Savings and temporary cash investments | $13,702,470 |
| Pledges and grants receivable | $20,366,980 |
| Accounts receivable, net | $6,323,199 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,682,439 |
| Inventories for sale or use | $71,683 |
| Prepaid expenses and deferred charges | $945,617 |
| Investments—publicly traded securities | $27,835,300 |
| Investments—other securities | $348,803,703 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,547,853 |
| Total assets | $674,383,035 |
| Accounts payable and accrued expenses | $13,320,948 |
| Grants payable | $5,417,531 |
| Deferred revenue | $3,001,640 |
| Tax-exempt bond liabilities | $107,957,230 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $828,734 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,975,538 |
| Total liabilities | $167,501,621 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $506,881,414 |
Grants Awarded
Over the last fiscal year, The Lutheran University Association Inc has awarded $35,591 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA UNIVERSITY PURPOSE: PROGRAM SUPPORT | $17,707 |
PACIFIC LUTHERAN UNIVERSITY PURPOSE: PROGRAM SUPPORT | $7,052 |
UNIVERSITY OF ILLINOIS PURPOSE: PROGRAM SUPPORT | $10,832 |