Texas Lutheran University
- Assets
- $175.9m
- Revenue
- $71.5m
- Investments
- $49.4m
- Employees
- 834
- Location
- Seguin, TX
- Founding
- 04/1988
- Data as of
- 05/2022
- EIN
- 74-1109748
Organization Overview
Texas Lutheran University is located in Seguin, TX. The organization was established in 1988. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Texas Lutheran University employed 834 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Texas Lutheran 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 05/2022, Texas Lutheran University generated $71.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $67.8m during the year ending 05/2022. While expenses have increased by 3.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS A COMMUNITY OF FAITH AND LEARNING, TEXAS LUTHERAN UNIVERSITY EMPOWERS A DIVERSE STUDENT BODY THROUGH AN EDUCATION CENTERED ON THE LIBERAL ARTS AND PROFESSIONAL PROGRAMS. SEE FORM 990, PART III, LINE 1 FOR CONTINUATION OF MISSION STATEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION (WHICH INCLUDES ALL EXPENSES FOR TEACHING) AND ACADEMIC SUPPORT (WHICH INCLUDES ACTIVITIES THAT SUPPORT TEACHING). TLU IS AN INDEPENDENT INSTITUTION OF THE LIBERAL ARTS, SCIENCES, AND PROFESSIONAL STUDIES WITH A DIVERSE STUDENT BODY OF APPROXIMATELY 1,400 STUDENTS. TLU ALSO OFFERS A MASTER'S DEGREE IN ACCOUNTING, A MASTER'S DEGREE IN ATHLETIC TRAINING, A MASTER'S DEGREE IN DATA SCIENCE, A MASTER'S DEGREE IN BUSINESS ANALYTICS, A MASTER'S DEGREE IN EDUCATION, AN ACCELERATED BACHELOR'S OF SCIENCE IN NURSING, A DIRECT ENRY MASTER OF SCIENCE NURSING, A MASTER'S OF BUSINESS ANALYTICS, AND A DOCTOR OF EDUCATION.CLASSES AVERAGE FEWER THAN 20 STUDENTS. APPROXIMATELY 95% OF TLU STUDENTS RECEIVE FINANCIAL ASSISTANCE.
STUDENT SERVICES INCLUDES STUDENT ACTIVITIES, ATHLETICS, FINANCIAL AID, HEALTH CENTER AND OTHER STUDENT-RELATED SUPPORT SERVICES.
AUXILIARY SERVICES INCLUDES THE OPERATION OF THE DINING HALL, RESIDENCE LIFE, AND CAMPUS BOOKSTORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Oliver Regent, Chair | OfficerTrustee | 1 | $0 |
Mike Washington Regent, Vice-Chair | OfficerTrustee | 1 | $0 |
Ilene Gohmert-Leck Regent, Treasurer | OfficerTrustee | 1 | $0 |
Steve Rode Regent, Secretary | OfficerTrustee | 1 | $0 |
Susan Evers Regent, Secretary (thru 9/22/22) | OfficerTrustee | 1 | $0 |
Mike Appling Regent/executive Committee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Synergis Education Inc Marketing And Admission Services | 5/30/23 | $2,485,720 |
Sodexo Inc & Affiliates Food Service | 5/30/23 | $2,201,519 |
Gragg Advertising Llc Advertising Marketing Firm | 5/30/23 | $430,417 |
Byrd Interior Construction Lp Construction | 5/30/23 | $1,031,745 |
Trane Us Inc Hvac | 5/30/23 | $291,363 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $239,889 |
| Related organizations | $99,942 |
| Government grants | $8,800,789 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,056,538 |
| Noncash contributions included in lines 1a–1f | $362,701 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,197,158 |
| Total Program Service Revenue | $50,419,366 |
| Investment income | $1,688,483 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $266,474 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,645,909 |
| Net Income from Fundraising Events | $26,712 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $249,214 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,493,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,166,072 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,399,719 |
| Compensation of current officers, directors, key employees. | $1,399,719 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,754,911 |
| Pension plan accruals and contributions | $486,979 |
| Other employee benefits | $2,568,326 |
| Payroll taxes | $1,269,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,673 |
| Fees for services: Accounting | $77,302 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175,000 |
| Fees for services: Other | $5,671,448 |
| Advertising and promotion | $163,959 |
| Office expenses | $1,460,124 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,673,128 |
| Travel | $2,821,812 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $770,409 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,030,691 |
| Insurance | $497,793 |
| All other expenses | $97,890 |
| Total functional expenses | $67,808,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,499 |
| Savings and temporary cash investments | $1,523,057 |
| Pledges and grants receivable | $142,930 |
| Accounts receivable, net | $679,294 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $367,703 |
| Inventories for sale or use | $271,715 |
| Prepaid expenses and deferred charges | $2,195,109 |
| Net Land, buildings, and equipment | $60,337,333 |
| Investments—publicly traded securities | $53,501,681 |
| Investments—other securities | $49,443,762 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,396,892 |
| Total assets | $175,887,975 |
| Accounts payable and accrued expenses | $4,291,142 |
| Grants payable | $0 |
| Deferred revenue | $2,468,627 |
| Tax-exempt bond liabilities | $21,290,717 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,721,145 |
| Total liabilities | $37,771,631 |
| Net assets without donor restrictions | $45,433,297 |
| Net assets with donor restrictions | $92,683,047 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $175,887,975 |