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Nonprofiteer
← LETOURNEAU UNIVERSITY

Form 990 for tax year 2024

Filed by LETOURNEAU UNIVERSITY.

Totals

Total revenue
$123,878,799
Total expenses
$83,804,323
Contributions and grants received
$52,715,646
Grants paid
$21,186,621
Program service revenue
$65,768,159
Investment income
$1,607,407
Other revenue
$3,787,587
Total assets, end of year
$158,161,808
Total liabilities, end of year
$13,899,817
Net assets or fund balances, end of year
$144,261,991
Program services expenses (Part IX)
$69,089,387
Management and general expenses
$11,841,890
Fundraising expenses
$2,873,046
Program service expenses (Part III)
$69,089,387

Program services were 82.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • James Schreder

    Treasurer - Trustee

    Total calculated
    $0
    Hours/week
    3

  • Patrick Bertsche

    Vice Chair - Trustee

    Total calculated
    $0
    Hours/week
    3

  • Roger Kieffer

    Chair - Trustee

    Total calculated
    $0
    Hours/week
    3

  • Steven D Mason

    President

    Total calculated
    $423,066
    From this org
    $389,402
    From related orgs
    $0
    Other
    $33,664
    Hours/week
    59 + 1 related

    Schedule J breakdown matched by us

    Base
    $314,566
    Bonus
    $12,336
    Other
    $62,500
    Deferred
    $23,000
    Nontaxable benefits
    $10,664
    Filer's total
    $423,066

  • Tom Burt

    Secretary - Trustee

    Total calculated
    $0
    Hours/week
    3

  • Alan Cumming

    Trustee START: 11/24

    Total calculated
    $0
    Hours/week
    3

  • Bob Walker

    Trustee

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Curt Fitchett

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Cy Oatridge

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Dan DiFrancesco

    Trustee

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • David Canche

    Trustee START: 11/24

    Total calculated
    $0
    Hours/week
    3

  • Doug Douglas

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Eugene Frost

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Henry Parrish

    Trustee START: 11/24

    Total calculated
    $0
    Hours/week
    3

  • Howard Wilson

    Trustee START: 11/24

    Total calculated
    $0
    Hours/week
    3

  • James Nolt

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Jason Muehlhoff

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • John Solheim

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Julia Reed

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Ladina Wingert

    Alumni Rep - Trustee

    Total calculated
    $0
    Hours/week
    3

  • Larry Mercer

    Trustee

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Michael Moss

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Michele Charles

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Nikita Mumphrey

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Rogers Pope

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Titus Crabb

    Trustee START: 11/24

    Total calculated
    $0
    Hours/week
    3

  • Wayne Steege

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Lori Beaty

    VP of Finance and Admin/CFO

    Total calculated
    $147,364
    From this org
    $140,588
    From related orgs
    $0
    Other
    $6,776
    Hours/week
    60

  • Benjamin W Caldwell

    Provost

    Total calculated
    $197,301
    From this org
    $178,467
    From related orgs
    $0
    Other
    $18,834
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $178,467
    Bonus
    $0
    Other
    $0
    Deferred
    $9,417
    Nontaxable benefits
    $9,417
    Filer's total
    $197,301

  • Donald K Egle

    VP of Enrollment, Markteting, & Communication

    Total calculated
    $164,258
    From this org
    $155,926
    From related orgs
    $0
    Other
    $8,332
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $147,816
    Bonus
    $8,110
    Other
    $0
    Deferred
    $8,110
    Nontaxable benefits
    $222
    Filer's total
    $164,258

  • Dale A Lunsford

    Former Chancellor, Advisor Ended: 12/25

    Total calculated
    $496,115
    From this org
    $418,531
    From related orgs
    $0
    Other
    $77,584
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $322,447
    Bonus
    $16,584
    Other
    $79,500
    Deferred
    $47,084
    Nontaxable benefits
    $30,500
    Filer's total
    $496,115

  • Kristina Elmore

    AVP for Development

    Total calculated
    $171,412
    From this org
    $125,412
    From related orgs
    $0
    Other
    $46,000
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $125,412
    Bonus
    $0
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $23,000
    Filer's total
    $171,412

  • Kristy J Morgan

    VP of Student Affairs

    Total calculated
    $126,766
    From this org
    $120,238
    From related orgs
    $0
    Other
    $6,528
    Hours/week
    60

  • Michael J McGinnis

    Dean of Engineering & Technology

    Total calculated
    $176,751
    From this org
    $166,173
    From related orgs
    $0
    Other
    $10,578
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $156,149
    Bonus
    $10,024
    Other
    $0
    Deferred
    $10,024
    Nontaxable benefits
    $554
    Filer's total
    $176,751

  • Terry A Zeitlow

    VP of Devopment

    Total calculated
    $156,142
    From this org
    $145,195
    From related orgs
    $0
    Other
    $10,947
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $135,727
    Bonus
    $9,468
    Other
    $0
    Deferred
    $9,468
    Nontaxable benefits
    $1,479
    Filer's total
    $156,142

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (4)

    Trust · Charitable Trusts · TX

    Directly controlled by NA

  • RG RESEARCH AND DEVELOPMENT INC

    C Corporation · SUPPORT · TX · 100% owned · share of income $4,931 · share of assets $338,418 · controlled entity

    Directly controlled by LETU

Provenance

Return type
form_990
Tax year
2024
Filed
14 April 2026
IRS schema version
2024v5.1
Source object
202631049349301223

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