2014-05-13T19:37:59-07:00 2013-06-30 990 2012-07-01 350868125 LUTHERAN UNIVERSITY ASSOCIATION LUTH 2194645215 1700 Chapel Drive Valparaiso IN 46383 John Palmucci Jr 2194645215 2014-05-09 2012 2015-11-30 17:44:51Z Valparaiso University Mark A Heckler 1700 Chapel Drive Valparaiso IN 46383 152146174 0 X valpo.edu X 1925 IN Valparaiso University is a comprehensive, private university with a Lutheran heritage that serves approximately 4,000 full and part time students. It has been identified as one of the top master's-level institutions in the Midwest and has received special recognition for its outstanding teaching and educational value. More than 80 academic programs are offered through the colleges of Arts and Sciences, Business Administration, Engineering and Nursing. Valpo also has an honors college, Graduate School and School of Law. 40 37 3339 187 40897 239943 22714534 2341477 129115542 138885607 975260 1458123 1101657 1467627 153906993 144152834 45125279 49833140 0 0 71504573 70604673 147621 176453 3609573 42182465 45741613 158959938 166355879 -5052945 -22203045 511991413 501058928 105607201 101081960 406384212 399976968 Valparaiso University, a community of learning dedicated to excellence and grounded in the Lutheran tradition of scholarship, freedom, and faith, prepares students to lead and serve in both church and society. 0 0 104848151 45259830 95496824 Undergraduate Programs- Valparaiso University enrolls nearly 3,300 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 & Health Professions, as well as Christ College, Valparaiso University's honors college. Valpo has been identified as one of the top master's-level institutions in the Midwest by U.S. News & World Report magazine for more than two decades. Valpo sponsors numerous international study opportunities and is recognized as a model in preparing graduates with strong cross-cultural skills and global awareness, winning the Sen. Paul Simon Award for Campus Internationalization. The overall placement rate for Valparaiso University graduates from the classes of December 2011 and May and August 2012 is 95.7 percent. The placement rate has exceeded 90 percent for 20th straight year. Valparaiso University was once again named to the President's Higher Education Community Service Honor Roll in 2012 joining a group of select universities and colleges across the country that are honored for their support of volunteering, service-learning, and civic engagement. Valparaiso University's Division I athletics teams continue to succeed in the classroom, with 117 student-athletes on the Horizon League's Fall 2013 Academic Honor Roll and six teams honored by NCAA in spring 2013 for having academic progress rate in top 10 percent of all teams in respective sport - the highest total in Horizon League. 5718079 496356 6521421 Graduate School- Valparaiso University's Graduate School is celebrating its 50th Anniversary and offers more than 40 academic programs, including master's degrees in international commerce and policy, nursing, education, digital media, sports administration, liberal studies and business administration. The Graduate School enrolled 733 students in 2013. Focuses of Valpo's Graduate School are areas of study that appeal to international students, meet critical needs of the 21st century, and serve students seeking professional and career advancement. International students make up 35 percent of Valpo's graduate enrollment. In addition to emphasizing professional training, skills and knowledge, the Graduate School also influences the cultural, emotional and intellectual development of students. Recently established programs include a M.S. in cyber security, a Master in health administration, and a Master of ministry administration. 18097676 4025085 19959821 Law School - The Valparaiso University Law School encourages students to view law as a calling, to become lawyers and leaders who use their influence for service and the public good. Students develop aptitude in enduring core competencies of legal history, theory and practice, as well as advanced skill in legal research and writing. The Law School enrollment was 524 students in 2013. In addition to J.D. and LL.M. degrees, the school offers dual degree programs that pair a J.D. with an M.A. in clinical mental health counseling, M.A. in liberal studies, M.A. in psychology, M.S. in international commerce and policy, M.S. in sports administration, or MBA. Through Valparaiso's Law Clinic, students develop their legal skills in eight practice areas while providing free legal services to underserved members of the community. The Law School attracts a diverse spectrum of students, with 47 percent of first-year law students in fall 2013 being members of historically underrepresented minorities in the legal profession. 26611499 0 16907540 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. 26611499 0 16907540 155275405 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 1 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 1 0 0 0 0 1 485 0 1 3339 1 1 1 1 GM UK 0 0 0 1 1 0 0 0 1 1 0 X 40 37 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X X John Palmucci Jr 2194645215 1700 Chapel Drive Valparaiso IN 463836493 Richard E Beumer 2 X 0 0 0 N Cornell Boggs III 1 X X 0 0 0 Luther C Brunette 2 X 0 0 0 H Jeffrey Dobbs 1 X 0 0 0 John L Draheim 2 X 0 0 0 Mark H Duesenberg 4 X 0 0 0 Carolyn Schlie Femovich 2 X 0 0 0 Pamela R Fickenscher 2 X 0 0 0 Donald V Fites 1 X 0 0 0 Joyce S Hagen-Fites 1 X 0 0 0 Mark F Hagerman 3 X 0 0 0 Robert D Hansen 1 X 0 0 0 Mark P Helge 2 X 0 0 0 David J Hessler 3 X 0 0 0 Susan P Hooker 3 X 0 0 0 Colette J Irwin-Knott 5 X 0 0 0 Frederick G Kraegel 8 X 0 0 0 Grant A Krafft 3 X 0 0 0 Bruce R Laning 2 X 0 0 0 Marion J Moon 2 X 0 0 0 Charles E Niemier 2 X 0 0 0 Andrew N Nunemaker 2 X 0 0 0 Steven W Parks 3 X 0 0 0 Richard W Pehlke 4 X 0 0 0 Bonnie E Raquet 7 X 0 0 0 Linnea K Roberts 0 X 0 0 0 Paul D Schrage 1 X 0 0 0 Mark A Schulz 1 X 0 0 0 Jon R Schumacher 4 X 0 0 0 Scott A Seefeld 5 X 0 0 0 John W Shelton 3 X 0 0 0 Harley W Snyder 3 X 0 0 0 Paul A Strasen 3 X 0 0 0 Norman H Volk 4 X 0 0 0 Joel R Wilson 7 X 0 0 0 Carl H Young 4 X 0 0 0 John D Zeglis 4 X 0 0 0 Deborah S Evans 3 X 0 0 0 Michael J VanBeek 3 X 0 0 0 Amy L Vie 1 X 0 0 0 Julie M Winkler 1 X 0 0 0 Ronald H Zech 2 X 0 0 0 Mark Heckler 65 X 362870 0 32053 Mark Schwehn 65 X 217659 0 26411 Lisa Hollander 65 X 232788 0 29436 Michael Joseph 60 X 195500 0 26175 Darron Farha 60 X 167070 0 24378 Bonnie Hunter 60 X 155512 0 16574 Charley Gillispie 40 X 206804 0 25710 Susan D Scroggins 60 X 134309 0 13894 Jay Conison 60 0 X 256135 0 29027 Ivan Bodensteiner 50 X 195998 0 24066 Bryce Drew 75 X 257344 0 28008 Bruce Berner 50 X 190540 0 26171 Homer W Drew 60 X 634595 0 5085 Seymour Moskowitz 50 0 X 176638 0 24560 Scott Ochander 40 X 143651 0 6944 3527413 0 338492 84 1 1 0 McShane Construction Company 9550 W Higgins Road Ste 200 Rosemont IL 60018 Construction Mgmt Svcs 3199794 Kegler Brown Hill & Ritter 65 E State St Suite 1800 Columbus OH 43215 Legal Services 109423 Inovateus Solar LLC 19890 State Line RD South Bend IN 46637 Solar Energy Services 133372 BKD LLP 200 E Main St STE 700 Fort Wayne IN 46802 Audit Services 122750 Eastgate Investments LLC 13 Lincolnway Ste 206 Valparaiso IN 46383 Student Housing 1710371 20 0 0 0 0 3521580 -1180103 2302330 2341477 Tuition & Fees 611310 122598042 122598042 0 0 Student Housing & Auxiliary 611310 11787001 11787001 0 0 4500564 4500564 0 0 138885607 1458594 0 0 1458594 228 0 0 228 0 0 0 0 177435 0 134473 0 42962 0 42962 0 0 42962 2087207 12881 2086550 14237 657 -1356 -699 -1356 0 657 0 0 0 0 0 0 0 0 0 0 0 0 7156345 5758080 1398265 1383768 14497 0 26400 0 26400 0 26400 144152834 140268019 40897 1502441 51869 51869 49781271 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X 88046738 93401083 207446631 184996132 110890843 121579753 406384212 399976968 511991413 501058928 -22203045 15795801 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 145655 0 0 0 X 0 166126012 12376057 15855359 3824584 4675949 236945 185619950 166431517 1749381 7039852 3846198 5025413 223127 166126012 142634092 3180626 26608815 3061657 2775011 155348 166431517 143641452 1127904 4499182 2536207 3949407 148832 142634092 203105048 4907951 -53266559 5310420 5656279 138289 143641452 0.1074 0.8899 0.0027 0 0 0 11988370 11988370 0 244327655 80649298 163678357 0 0 0 0 0 58499083 45963250 12535833 0 48514468 13382032 35132436 223334996 0 0 Commonfund Bond Funds 10452739 F Commonfund Commodities Funds 3523579 F Commonfund Private Capital 60775628 F Commonfund Treasury Access 18159651 F Life Ins, Private Real Estate, Other 4386861 F Commonfund Equities Funds 65026567 F 162325025 0 Student Deposits 576309 Conditional Asset Retirement Obligation 7188973 Obligations Under Split Interest Agreements 5304050 Post Retirement Liabilities 3206428 Other Liabilities 960782 17236542 116060615 15795800 0 0 0 15795800 100264815 0 43888019 43888019 144152834 122467860 0 0 0 5893252 5893252 116574608 0 49781271 49781271 166355879 SchD_P03_S00_L04 Schedule D, Part III, Line 4 The Brauer Museum of Art is home to a nationally recognized collection of 19th and 20th century American art and includes works by Frederic Edwin Church, Asher B Durand, Childe Hassam, Georgia O'Keefe and Ed Paschke. It also houses the largest known collection of works by Junius R Sloan (1827-1900), a Hudson River School painter who lived and worked in the Midwest. Other focus areas within the collection include world religious art and Midwestern regional art. As well as displaying selections from its permanent collection, the Brauer Museum hosts a full schedule of special exhibitions and events. Through exhibition of the collection and special events, the Brauer Museum provides educational opportunities for students as well as the general public which enhances the University's educational purpose. The book value of the artwork added to the collection since 1996 is included in plant assets on the balance sheet. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Valparaiso University's endowment funds are used to provide financial assistance to students in the form of scholarships and loans. Endowment funds are also designated to the support of academic programs, faculty chairs and professorships, research, student programs, library services, and the operation and maintenance of facilities. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Adjustments include cost of goods sold for dining operations, rental expenses and the gain/loss on the sale of donated short term securities which are included in the calculation of revenue on Form 990, but are included as expenses in the audit report. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Adjustments included cost of goods sold for dining operations, rental expenses and the gain/loss on the sale of donated short term securities which are included in the calculation of revenue on Form 990, but are included as expenses in the audit report. In addition, student financial aid expense is a reduction to revenue for audit purposes but reported as an expense for Form 990 reporting. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Scholarships 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Valparaiso University's general catalog includes the Statement on Equality of Opportunity as follows: Valparaiso University provides equality of opportunity to its applicants for admission, enrolled students, graduates, and employees. The University does not discriminate with respect to hiring, continuation of employment, promotion, and tenure, other employment practices, applications for admission, or career services and placement on the basis of race, color, gender, age, disability, national origin or ancestry, sexual orientation, or (as qualified herein) religion. An institution committed to its Lutheran tradition, the University reserves its right to promote the teaching of the church and to exercise preferences in admissions and employment related practices in favor of Lutherans. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Valparaiso University receives federal and state research grants and grants for student financial aid. Europe (including Iceland and Greenland) 2 2 Program Services Valparaiso University administers study abroad programs to provide students with educational experiences in Reutlingen, Germany and Cambridge, England. The University also provides study abroad opportunities through student exchange agreements with European Colleges and Universities, including England, France and Germany. Other educational opportunities through cooperative agreements are available in Spain, France and Greece. 454863 East Asia and the Pacific 0 0 Program Services Valparaiso University administers a study abroad program to provide students with educational experiences in Hangzhou, China. The University also provides educational opportunities through student exchange agreements with Kansai Gaidai University in Japan and Payap University in Chiang Mai, Thailand. Other educational opportunities include independent study in University of Otago in New Zealand. 56900 Sub-Saharan Africa 0 0 Program Services Valparaiso University provides educational opportunities through a cooperative agreement in Windhoek, Namibia. 108500 South America 0 0 Program Services Valparaiso University Law School provides law students educational opportunities in Chile during the summer term. 48431 2 2 668694 0 0 0 0 0 0 X X X X X X X 0 AL AR AZ CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV 1 Oklahoma State University Grants & Contracts Financial Admin PO Box 645 Stillwater OK 74076 730617987 8394 Sonde launches and vertical profiles on eastern Texas 1 0 See Schedule I, Part IV 2893 49781271 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Valparaiso University is committed to providing resources necessary to help students complete their education. In selecting the students to receive this assistance, the University places primary emphasis on the student's academic achievement and financial need. Awards are determined by the University Scholarship Committee. Upon enrollment verification, the awards are used to offset the cost of attendance. X 1 1 X 0 0 0 0 0 0 0 0 0 Mark Heckler 362870 0 0 0 0 0 53969 0 31947 0 448786 0 0 0 Charley Gillispie 206804 0 0 0 0 0 15741 0 10556 0 233101 0 0 0 Scott Ochander 143651 0 0 0 0 0 3445 0 3676 0 150772 0 0 0 Lisa Hollander 232788 0 0 0 0 0 17381 0 12696 0 262865 0 0 0 Mark Schwehn 217659 0 0 0 0 0 16442 0 10579 0 244680 0 0 0 Michael Joseph 195500 0 0 0 0 0 14906 0 11579 0 221985 0 0 0 Darron Farha 167070 0 0 0 0 0 13110 0 11767 0 191947 0 0 0 Bonnie Hunter 155512 0 0 0 0 0 11835 0 5195 0 172542 0 0 0 Susan D Scroggins 134309 0 0 0 0 0 9978 0 4310 0 148597 0 0 0 Homer W Drew 634595 0 0 0 0 0 2452 0 2750 0 639797 0 0 0 Bryce Drew 257344 0 0 0 0 0 17250 0 11333 0 285927 0 0 0 Jay Conison 256135 0 0 0 0 0 18750 0 10998 0 285883 0 0 0 Ivan Bodensteiner 195998 0 0 0 0 0 14096 0 10576 0 220670 0 0 0 Bruce Berner 190540 0 0 0 0 0 14554 0 12163 0 217257 0 0 0 Seymour Moskowitz 176638 0 0 0 0 0 12943 0 12109 0 201690 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The President is provided housing in the University residence as a condition of employment. The residence is used regularly for business purposes including meetings and events with faculty, staff, students, donors and other university constituents. A Indiana Finance Authority 351602316 455057KK4 2007-11-08 31469854 Refunding of Series 2003 Energy Bonds and various facilities projects 0 0 0 B Indiana Finance Authority 351602316 455057YZ6 2010-06-23 30421188 Refunding of Series 1999 Bonds and various facilities projects 0 0 0 C Indiana Educational Facilities Authority 521698917 455048S90 2003-08-06 15763301 Refinancing of Series 1993 Bonds 0 0 0 A 775000 0 31469854 0 2141871 0 283698 0 0 28017673 1186156 0 2010 1 0 1 1 B 1920000 0 30421188 0 535000 0 281865 0 0 20570000 9569323 0 1 0 1 1 C 11825000 0 15763301 0 0 0 119372 538408 0 0 15105521 0 1 0 1 1 A 0 0 0 0 0 0 0 1 0 1 B 0 0 0 0 0 0 0 1 0 1 C 0 0 0 0 0 0 0 1 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 Laura Scheck Granddaughter of board member 16315 Merit Scholarship To assist with cost of attendance The Hagerman Group Board Member 6382722 Construction Services 0 Lumenus USA Board Member 29250 Teaching of ESL 0 X 28 145655 Appraisals X 8508 Fair Market Value X 43 2136519 Fair Market Value X Event Catering 14 7588 Cost X Trees 1 4060 Cost 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b Valparaiso University uses Merrill Lynch to sell stock and securities received as gifts from donors. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Two Directors serving on the Valparaiso University Board, Donald Fites and Colette Irwin-Knott, have a family relationship. Two Directors serving on the Valparaiso University Board, David Hessler and Bruce Laning, have a business relationship, Two Directors serving on the Valparaiso University Board, Cornell Boggs III and Robert Hansen, have a business relationship. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Consistent with its fiduciary responsibilities, the Board of Directors of The Lutheran University Association, Inc. d/b/a Valparaiso University adopted the following procedure for annual review of the University's responses to Internal Revenue Code Form 990: (1) Thirty days before filing with the Internal Revenue Service, or as soon as practicable prior to filing, the Audit Committee will review and comment on the Form 990. (2) Following review by the Audit Committee and prior to filing with the Internal Revenue Service, the final Form 990 shall be transmitted to all Board members. The most expeditious method of transmission, whether in paper form or electronic will be determined in the discretion of the University administration. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The Valparaiso University policy for the disclosure of existing or potential conflicts of interest are administered in the following manner: (1) Directors, officers, key employees, selected employees, and employees with significant procurement responsibilities shall annually receive a copy of the Policy Statement on Conflicts of Interest and be asked to complete a questionnaire as to their interests. The President and the Board Chair shall determine the selected and other employees subject to this requirement. (2) Any other University employee who has authority to transact business on behalf of the University and who proposes to enter into a transaction with a person or entity that presents a potential conflict of interest as defined in the Policy Statement and that is anticipated to require the University to pay to the person or entity $1,000 or more in any fiscal year, shall disclose the facts and circumstances of the proposed transaction and potential conflict of interest in writing to the Office of Administration and Finance, prior to entering into the transaction. (3) All reported conflicts of interest are reported to the Governance Committee. (4) The Chair of the Governance Committee and the University General Counsel of Valparaiso University shall submit reports to the Board of Directors concerning any interests so uncovered, disclosed, or unresolved. (5) An officer or employee of the University shall not participate in any transaction in which he or she has a conflict of interest without prior approval, as set forth in the Policy Statement. If an officer or employee of the University proposes to enter into a transaction with a person or entity that will require the University to pay to the person or entity $1,000 or more during any fiscal year, the matter shall be submitted to the Vice President of Finance and Administration prior to entering into the transaction. The Vice President of Finance and Administration shall have authority to approve the proposed transaction if he/she deems the transaction to be in the best interests of the University. If the employee disputes the decision of the Vice President of Finance and Administration, the employee may submit the matter to the President. The President's decision shall be final and binding. (6) A director who has an existing or potential conflict of interest on any matter should not vote or use his or her personal influence on the matter, nor should the director be counted in determining a quorum, even where permitted by law. The minutes of any meeting should reflect that the director disclosed the conflict, abstained from voting, and that a quorum existed even though the director is not counted toward that quorum. This requirement does not prevent a director from briefly stating his or her position on the matter or from answering pertinent questions of other directors where the director's knowledge may assist the other directors. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Directors is responsible for an annual review of compensation for compensated officers and other key employees of the University. The review was last undertaken Spring of 2013. Information from outside consultants as well as peer and industry data was reviewed to determine equitable, competitive compensation packages. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Valparaiso University currently does not provide governing documents or the conflict of interest policy to the public. Financial statements are available upon request and may be obtained from the Office of the Vice President of Finance and Administration. Valparaiso University International Collaboration LLC 1700 Chapel Drive Valparaiso IN 46383 453588931 Charitable, educational, religious and/or scientific endeavors. DE 0 49400 The Lutheran University Association Inc VU Property Holdings I LLC 1700 Chapel Drive Valparaiso IN 46383 452856225 Real estate ownership IN 0 590945 The Lutheran University Association Inc dba Valparaiso University VU Property Holdings II LLC 1700 Chapel Drive Valparaiso IN 46383 455235826 Real estate ownership IN 0 1524728 The Lutheran University Association Inc