Texas Lutheran University
- Assets
- $175.9m
- Revenue
- $71.5m
- Investments
- $49.4m
- Employees
- 802
- 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 05/2022, Texas Lutheran University employed 802 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
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 ANALYTICS, A MASTER'S DEGREE IN EDUCATION, AN ACCELERATED BACHELOR'S OF SCIENCE IN NURSING, AND A DIRECT ENTRY MASTER OF SCIENCE NURSING.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 |
|---|---|---|---|
Dr Debbie Cottrell President | Officer | 40 | $227,500 |
Dr Sarah Ferguson VP For Academic Affairs | Officer | 40 | $150,000 |
Sarah Story VP For Enrollment, Marketing, & Communications | Officer | 40 | $142,759 |
Edie Richardson VP For Finance | Officer | 40 | $137,917 |
David Ortiz VP For Diversity Equity And Inclusion | Officer | 40 | $136,250 |
Pamela Renee Rehfeld VP For Development | Officer | 40 | $135,983 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Food Service | 5/30/22 | $1,854,418 |
Trane Us Inc Hvac | 5/30/22 | $329,560 |
Synergis Education Inc Marketing And Admission Services | 5/30/22 | $2,453,588 |
Assessment Technologies Institute Llc Test Prep Service | 5/30/22 | $288,330 |
Sti-gc Llc Construction | 5/30/22 | $204,689 |
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 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Texas Lutheran University has recieved totaling $198,016.
| Awarding Organization | Amount |
|---|---|
San Antonio Area Foundation San Antonio, TX PURPOSE: GENERAL SUPPORT | $54,300 |
Elizabeth P And Harold R Williamsfoundation Houston, TX PURPOSE: TO SUPPORT SCHOLARSHIPS, PERFORMING ARTS, AND ATHLETIC DONATIONS IN A COMMUNITY OF LEARNING AND A COMMUNITY OF FAITH | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,190 |
Okelley-Hemminghaus Foundation San Antonio, TX PURPOSE: CHARITABLE | $10,500 |
Michael & Susan Dell Foundation Austin, TX PURPOSE: SCHOLARSHIPS FOR ANGELA HERNANDEZ (5,300) AND KARLA HERNANDEZ (5,000) | $10,300 |
Organization Name not Listed PURPOSE: SCHOLARSHIP FOR COLLEGE TUITION AND EDUCATIONAL COSTS | | $8,568 |
Endowment Analysis
| Beg. Balance | $94,700,038 |
| Earnings | -$6,806,242 |
| Admin Expense | $1,111,124 |
| Net Contributions | $4,098,575 |
| Other Expense | $1,381,539 |
| Grants | $3,181,597 |
| Ending Balance | $86,318,111 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwestern University Georgetown, TX | $545,443,629 | $120,545,319 |
University Of Dallas Irving, TX | $199,857,473 | $113,303,897 |
Hendrix College Conway, AR | $318,329,586 | $98,419,951 |
Oklahoma Baptist University Shawnee, OK | $289,242,729 | $80,964,114 |
Oklahoma Christian University Inc Oklahoma City, OK | $129,228,959 | $77,254,883 |
Ouachita Baptist University Arkadelphia, AR | $209,281,744 | $71,056,315 |
Wayland Baptist University Plainview, TX | $171,784,780 | $76,328,072 |
John Brown University Siloam Springs, AR | $239,506,733 | $75,339,651 |
Texas Lutheran University Seguin, TX | $175,887,975 | $71,493,316 |
Schreiner University Kerrville, TX | $168,371,925 | $56,783,840 |
Lubbock Christian University Lubbock, TX | $106,659,922 | $54,957,813 |
Mcmurry University Abilene, TX | $155,891,753 | $53,294,386 |