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Nonprofiteer
← THE LUTHERAN UNIVERSITY ASSOCIATION INC

Form 990 for tax year 2023

Filed by THE LUTHERAN UNIVERSITY ASSOCIATION INC.

Totals

Total revenue
$167,303,144
Total expenses
$194,804,715
Contributions and grants received
$23,120,022
Grants paid
$76,954,533
Program service revenue
$137,049,826
Investment income
$7,100,886
Other revenue
$32,410
Total assets, end of year
$602,858,223
Total liabilities, end of year
$167,447,226
Net assets or fund balances, end of year
$435,410,997
Program services expenses (Part IX)
$183,297,096
Management and general expenses
$8,599,742
Fundraising expenses
$2,907,877
Program service expenses (Part III)
$183,297,096

Program services were 94.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $13,286

  • 1e · Government grants (contributions)

    $12,077,365

  • 1f · All other contributions, gifts and grants

    $11,029,371

  • 1g · Noncash contributions included above

    $850,822

  • 2a · Program service revenue: TUITION & FEES

    total $115,954,830 · related or exempt $115,954,830

  • 2b · Program service revenue: STUDENT HOUSING

    total $11,426,096 · related or exempt $11,426,096

  • 2c · Program service revenue: MISCELLANEOUS

    total $4,231,557 · related or exempt $4,231,557

  • 2d · Program service revenue: DINING SERVICES

    total $5,437,343 · related or exempt $5,437,343

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,357,972 · unrelated business $1,116,670 · excluded $1,241,302

  • 6a · Gross rents

    real property $191,474

  • 6b · Less rental expenses

    real property $159,064

  • 6c · Rental income or loss

    real property $32,410 · personal property $0

  • 6d · Net rental income or loss

    total $32,410 · excluded $32,410

  • 7a · Gross sales of assets other than inventory

    securities $282,467,625 · other assets $10,000

  • 7b · Less cost or other basis and sales expenses

    securities $277,391,246 · other assets $343,465

  • 7c · Gain or loss

    securities $5,076,379 · other assets -$333,465

  • 7d · Net gain or loss

    total $4,742,914 · excluded $4,742,914

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,169 · program services $48,169

  • 2 · Grants to domestic individuals

    total $76,906,364 · program services $76,906,364

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $2,245,767 · program services $759,635 · management and general $1,334,974 · fundraising $151,158

  • 6 · Compensation of disqualified persons

    total $49,545 · program services $49,545 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $46,828,909 · program services $42,771,719 · management and general $2,662,561 · fundraising $1,394,629

  • 8 · Pension plan contributions

    total $2,601,616 · program services $2,308,042 · management and general $211,709 · fundraising $81,865

  • 9 · Other employee benefits

    total $8,178,240 · program services $7,255,383 · management and general $665,513 · fundraising $257,344

  • 10 · Payroll taxes

    total $3,188,888 · program services $2,829,045 · management and general $259,499 · fundraising $100,344

  • 11b · Fees: legal

    total $428,354 · management and general $428,354

  • 11c · Fees: accounting

    total $85,225 · management and general $85,225

  • 11d · Fees: lobbying

    total $120,609 · management and general $120,609

  • 11e · Fees: professional fundraising services

    total $65,500 · fundraising $65,500

  • 11f · Fees: investment management

    total $205,648 · management and general $205,648

  • 11g · Fees: other

    total $10,179,134 · program services $9,596,637 · management and general $582,497 · fundraising $0

  • 12 · Advertising and promotion

    total $2,339,032 · program services $2,228,915 · management and general $73,825 · fundraising $36,292

  • 13 · Office expenses

    total $10,758,067 · program services $9,841,021 · management and general $758,595 · fundraising $158,451

  • 14 · Information technology

    total $2,138,620 · program services $1,273,480 · management and general $432,570 · fundraising $432,570

  • 16 · Occupancy

    total $5,999,425 · program services $5,859,057 · management and general $104,354 · fundraising $36,014

  • 17 · Travel

    total $3,020,517 · program services $2,916,927 · management and general $44,607 · fundraising $58,983

  • 19 · Conferences, conventions and meetings

    total $1,422,197 · program services $1,219,018 · management and general $191,958 · fundraising $11,221

  • 20 · Interest

    total $5,301,087 · program services $5,177,058 · management and general $92,207 · fundraising $31,822

  • 22 · Depreciation, depletion and amortization

    total $10,700,534 · program services $10,437,850 · management and general $195,287 · fundraising $67,397

  • 23 · Insurance

    total $1,466,000 · program services $1,466,000

  • 24a · Other expenses: MEMBERSHIPS & SUBSCRIPTIONS

    total $527,268 · program services $353,231 · management and general $149,750 · fundraising $24,287

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,605 · end of year $4,665

  • 2 · Savings and temporary cash investments

    beginning of year $8,789,187 · end of year $9,744,207

  • 3 · Pledges and grants receivable

    beginning of year $16,787,895 · end of year $16,976,340

  • 4 · Accounts receivable

    beginning of year $7,978,864 · end of year $9,180,801

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $4,148,895 · end of year $2,645,503

  • 8 · Inventories for sale or use

    beginning of year $29,936 · end of year $27,873

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,438,473 · end of year $2,118,300

  • 10a · Land, buildings and equipment: cost or other basis

    $486,101,236

  • 10b · Land, buildings and equipment: accumulated depreciation

    $265,791,662

  • 10c · Land, buildings and equipment, net

    beginning of year $228,247,201 · end of year $220,309,574

  • 11 · Investments: publicly traded securities

    beginning of year $30,828,838 · end of year $27,389,907

  • 12 · Investments: other securities

    beginning of year $310,081,055 · end of year $311,191,546

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $4,132,956 · end of year $3,269,507

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,780,904 · end of year $9,596,291

  • 18 · Grants payable

    beginning of year $3,876,378 · end of year $2,221,785

  • 19 · Deferred revenue

    beginning of year $7,559,419 · end of year $6,800,748

  • 20 · Tax-exempt bond liabilities

    beginning of year $101,877,369 · end of year $104,130,894

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $685,392 · end of year $609,861

  • 25 · Other liabilities

    beginning of year $39,050,291 · end of year $44,087,647

  • 27 · Net assets without donor restrictions

    beginning of year $55,922,149 · end of year $41,642,384

  • 28 · Net assets with donor restrictions

    beginning of year $393,716,003 · end of year $393,768,613

Mission and programs · 2023

Mission

VALPARAISO UNIVERSITY IS A COMPREHENSIVE, PRIVATE UNIVERSITY WITH A LUTHERAN HERITAGE THAT SERVES MORE THAN 2,500 FULL AND PART TIME STUDENTS. THE UNIVERSITY HAS RECEIVED SPECIAL RECOGNITION FOR ITS OUTSTANDING TEACHING AND EDUCATIONAL VALUE. MORE THAN 70 UNDERGRADUATE DEGREE PROGRAMS AND INTERDISCIPLINARY OPTIONS ARE OFFERED THROUGHOUT THE UNIVERSITY AT FIVE UNDERGRADUATE COLLEGES: ARTS AND SCIENCES, BUSINESS, ENGINEERING, NURSING AND HEALTH PROFESSIONS, AND CHRIST COLLEGE.

Activities or mission (Part I)

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.

  • Undergraduate programs - Valparaiso University enrolls more than 2,100 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 2024 by U.S. News & World Report. In addition, the College of Nursing and Health Professions and the College of Engineering have been recognized by U.S. News and World Report on their 2023 rankings for best national schools in their field, with the College of Engineering placing #15. 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 class of 2023 was 97%. 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 2023-2024 academic and athletic year - nine student-athletes received the President's Council Academic Excellence Honor, the Missouri Valley Conference's highest academic honor; 84 student-athletes achieved the Commissioner's Academic Excellence Award; and 217 student athletes were named to the Missouri Valley Conference Honor Roll.

    Expenses $141,034,620 · Grants $76,156,918 · Revenue $107,150,162

  • 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.

    Expenses $33,909,855 · Revenue $18,578,439

  • 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 2024, 456 students were enrolled in graduate studies with 16 international students and 54 students who did not self-identify as white . Comprehensive academic support provides a full-service complement to the cultural, emotional, and intellectual development of Valparaiso University graduate students.

    Expenses $8,352,621 · Grants $797,615 · Revenue $11,321,225

As filed on the 2023 return.

Listed in Part VII

  • Jose Padilla

    PRESIDENT

    Total calculated
    $532,270
    From this org
    $467,515
    From related orgs
    $0
    Other
    $64,755
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $460,015
    Bonus
    $0
    Other
    $7,500
    Deferred
    $19,800
    Nontaxable benefits
    $44,955
    Filer's total
    $532,270

  • Andrew Nunemaker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bruce Laning

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Carolyn Schlie Femovich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Good

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christopher R Petrini-Poli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Colette Irwin-Knott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Craig Dwight

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cristal Brisco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Danielle Iddins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • David Bochnowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Emily Chase

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frederick Kraegel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Geoff Gillmore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Dobbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • John Shelton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jon Steinbrecher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    7

  • Julie Winkler

    BOARD VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Louie Gonzalez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Luther Brunette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marion Moon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Mark Duesenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • Mark Helge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Noe Ortega

    DIRECTOR

    Total calculated
    $0
    Hours/week
    9

  • Paul Strasen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Philip Spahn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Robert Hansen Jr

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Susan Jenny Ehr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Susan Zeeb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darron Farha

    VP & GENERAL COUNSEL

    Total calculated
    $275,202
    From this org
    $250,486
    From related orgs
    $0
    Other
    $24,716
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $250,486
    Bonus
    $0
    Other
    $0
    Deferred
    $15,741
    Nontaxable benefits
    $8,975
    Filer's total
    $275,202

  • Eric Johnson

    PROVOST AND EXECUTIVE VP

    Total calculated
    $325,727
    From this org
    $288,472
    From related orgs
    $0
    Other
    $37,255
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $288,472
    Bonus
    $0
    Other
    $0
    Deferred
    $18,000
    Nontaxable benefits
    $19,255
    Filer's total
    $325,727

  • Jill Schur

    VP FOR ENROLLMENT AND MARKETING (START 02/04)

    Total calculated
    $254,733
    From this org
    $242,081
    From related orgs
    $0
    Other
    $12,652
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $235,000
    Bonus
    $0
    Other
    $7,081
    Deferred
    $12,600
    Nontaxable benefits
    $52
    Filer's total
    $254,733

  • Marie Foster-Bruns

    VP FOR ADVANCEMENT (START 03/13)

    Total calculated
    $224,748
    From this org
    $210,514
    From related orgs
    $0
    Other
    $14,234
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $204,049
    Bonus
    $0
    Other
    $6,465
    Deferred
    $10,800
    Nontaxable benefits
    $3,434
    Filer's total
    $224,748

  • Mark Volpatti

    SR VP OF FINANCE

    Total calculated
    $272,770
    From this org
    $251,526
    From related orgs
    $0
    Other
    $21,244
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $251,526
    Bonus
    $0
    Other
    $0
    Deferred
    $15,531
    Nontaxable benefits
    $5,713
    Filer's total
    $272,770

  • Steven Janowiak

    VP STUDENT LIFE

    Total calculated
    $209,159
    From this org
    $157,631
    From related orgs
    $0
    Other
    $51,528
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $157,631
    Bonus
    $0
    Other
    $0
    Deferred
    $9,828
    Nontaxable benefits
    $41,700
    Filer's total
    $209,159

  • Charles Small

    DIRECTOR of ATHLETICS

    Total calculated
    $265,100
    From this org
    $234,672
    From related orgs
    $0
    Other
    $30,428
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $228,672
    Bonus
    $0
    Other
    $6,000
    Deferred
    $14,400
    Nontaxable benefits
    $16,028
    Filer's total
    $265,100

  • Karen Allen

    Dean of the College of Nursing

    Total calculated
    $217,670
    From this org
    $199,899
    From related orgs
    $0
    Other
    $17,771
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,899
    Bonus
    $0
    Other
    $0
    Deferred
    $12,150
    Nontaxable benefits
    $5,621
    Filer's total
    $217,670

  • Matt Lottich

    HEAD COACH MEN'S BASKETBALL (LEFT 06/20)

    Total calculated
    $873,385
    From this org
    $853,251
    From related orgs
    $0
    Other
    $20,134
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $851,313
    Bonus
    $0
    Other
    $1,938
    Deferred
    $11,206
    Nontaxable benefits
    $8,928
    Filer's total
    $873,385

  • Niclas Erhardt

    Dean of the College of Business

    Total calculated
    $238,759
    From this org
    $213,334
    From related orgs
    $0
    Other
    $25,425
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,334
    Bonus
    $0
    Other
    $0
    Deferred
    $13,230
    Nontaxable benefits
    $12,195
    Filer's total
    $238,759

  • Roger Powell

    Head Coach Men's Basketball (START 04/06)

    Total calculated
    $455,810
    From this org
    $425,785
    From related orgs
    $0
    Other
    $30,025
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $366,050
    Bonus
    $0
    Other
    $59,735
    Deferred
    $18,506
    Nontaxable benefits
    $11,519
    Filer's total
    $455,810

  • Lisa Hollander

    VP FOR ADVANCEMENT (LEFT 06/30)

    Total calculated
    $151,157
    From this org
    $137,522
    From related orgs
    $0
    Other
    $13,635
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $133,922
    Bonus
    $0
    Other
    $3,600
    Deferred
    $8,235
    Nontaxable benefits
    $5,400
    Filer's total
    $151,157

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 · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use
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. THE VALUE OF THIS BENEFIT IS REPORTED ON SCHEDULE J AS NONTAXABLE COMPENSATION.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
Roger Powell has a country club membership. Any personal use is included as taxable income on his W-2.

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VU INT'L COLLABORATION LLC

    CHARITABLE · DE

    Directly controlled by LUA INC

  • AVRO LLC

    R/E HOLDINGS · IN · income $132,267 · assets $1,873,243

    Directly controlled by LUA INC

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511349349304821

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