Letourneau University

Organization Overview

Letourneau University is located in Longview, TX. The organization was established in 1962. 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, Letourneau University employed 1,319 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Letourneau 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 06/2020, Letourneau University generated $66.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $69.5m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

LETU IS A PRIVATE, INTERDENOMINATIONAL, EVANGELICAL CHRISTIAN INSTITUTION OF MORE THAN 3,000 STUDENTS CLAIMING EVERY WORKPLACE AND EVERY NATION AS ITS MISSION FIELD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TRADITIONAL STUDENT EDUCATION - LETU IS CONSISTENTLY RANKED BY US NEWS AND WORLD REPORT IN THE TOP TIER AMONG REGIONAL UNIVERSITIES IN THE WEST. LETU PROVIDES UNDERGRADUATE PROGRAMS FOR TRADITIONAL STUDENTS IN ENGINEERING, TECHNOLOGY, THE LIBERAL ARTS, NURSING, BUSINESS, AERONAUTICAL SCIENCE, EDUCATION, AND THE SCIENCES AT THE MAIN CAMPUS IN LONGVIEW, TEXAS. A TOTAL OF 227 TRADITIONAL UNDERGRADUATE STUDENTS GRADUATED DURING FISCAL YEAR 21/22. ADDITIONALLY, TRADITIONAL GRADUATE PROGRAMS IN ENGINEERING ARE OFFERED. A TOTAL OF 4 TRADITIONAL GRADUATE STUDENTS GRADUATED DURING FISCAL YEAR 21/22.


NONTRADITIONAL STUDENT EDUCATION - LETU PROVIDES UNDERGRADUATE PROGRAMS FOR NONTRADITIONAL STUDENTS ONLINE AND IN-PERSON IN BIBLICAL STUDIES, BUSINESS, COMPUTER INFORMATION SYSTEMS, CYBER SECURITY, CRIMINAL JUSTICE, EDUCATION, HEALTHCARE, HUMAN SERVICES, INTERDISCIPLINARY STUDIES, AND PSYCHOLOGY. A TOTAL OF 140 NONTRADITIONAL UNDERGRADUATE STUDENTS GRADUATED DURING FISCAL YEAR 21/22. ADDITIONALLY, NONTRADITIONAL GRADUATE PROGRAMS IN BUSINESS, EDUCATION, PSYCHOLOGY, AND HEALTHCARE ADMINISTRATION ARE OFFERED. A TOTAL OF 82 NONTRADITIONAL GRADUATE STUDENTS GRADUATED DURING FISCAL YEAR 21/22.


OTHER PROGRAM SERVICES INCLUDE TRANSACTIONS INVOLVED WITH SUMMER AN SPORTS CAMPS, EDUCATIONAL TRIPS, GOVERNMENT AND PRIVATE GRANTS FOR RESEARCH, AND THE UNIVERSITY'S PERFORMING ARTS CENTER.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ielts
English Lang. Tests
$134,810
Jenzabar
Software Development
$382,373
Timely Md
Medical Services
$209,610
Advanta Toxicology Llc
Covid Testing Svcs
$243,900
Bkdforvis
Audit & Tax Services
$107,831
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$6,309,611
Investment income $704,939
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$17,336
Net Gain/Loss on Asset Sales -$10,719
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $66,156,893

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Letourneau University has recieved totaling $167,732.

Awarding OrganizationAmount
Helens Hope Foundation

West Chicago, IL

PURPOSE: EDUCATION

$50,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$30,700
Nivison Family Foundation

Raleigh, NC

PURPOSE: CONTRIBUTION WHERE NEEDED MOST

$17,500
Daniels Fund

Denver, CO

PURPOSE: SCHOLARSHIP

$13,767
East Texas Communties Foundation Inc

Tyler, TX

PURPOSE: SCHOLARSHIP FUNDS CAPITAL CAMPAIGN

$11,685
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$11,235
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$28,532,915
Earnings-$4,220,285
Net Contributions$2,216,191
Other Expense$13,614
Grants$893,664
Ending Balance$25,621,543

Peer Organizations

Organization NameAssets
Harding University
Searcy, AR
$135,462,423
University Of Mary Hardin-Baylor
Belton, TX
$125,812,163
Oklahoma City University
Oklahoma City, OK
$109,214,951
University Of St Thomas
Houston, TX
$105,820,865
Texas Wesleyan University
Fort Worth, TX
$108,798,845
Hardin-Simmons University
Abilene, TX
$94,074,650
Austin College
Sherman, TX
$79,413,708
Our Lady Of The Lake University Of San Antonio
San Antonio, TX
$76,356,070
Concordia University Texas
Austin, TX
$77,596,323
Letourneau University
Longview, TX
$66,156,893
Southern Nazarene University
Bethany, OK
$68,249,636
East Texas Baptist University
Marshall, TX
$69,149,691

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