2012-05-08T09:16:55-07:00 2011-06-30 990 2010-07-01 350868125 LUTHERAN UNIVERSITY ASSOCIATION LUTH 2194645215 1700 Chapel Drive Valparaiso IN 46383 Charley Gillispie 2194645215 2012-05-08 2010 2016-02-24 21:20:13Z Valparaiso University Mark A Heckler 1700 Chapel Drive Valparaiso IN 46383 163118874 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 36 3238 185 42563 0 12666355 29582965 118210680 123478101 1781840 1780186 458826 1110180 133117701 155951432 40321472 42161235 0 0 60886958 65402010 46529 79690 3273129 39155030 42383903 140409989 150026838 -7292288 5924594 491649600 513638644 117019022 106940473 374630578 406698171 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 93906523 38561830 82060750 Undergraduate Programs- Valparaiso University enrolls nearly 3,000 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, as well as Christ College, Valparaiso University's honors college. New programs include a bachelor's degree in health care leadership. 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 six-year graduation rate is 72 percent, nearly 20 percent better than the national average, and the placement rate of Valpo graduates has exceeded 90 percent for nearly 20 years. In 2010-2011, students performed nearly 70,000 hours of community service and raised tens of thousands of dollars for philanthropic causes. Valparaiso University's Division I athletics teams continue to succeed in the classroom, with 32 members of the football team named to the Pioneer Football League's Academic Honor Roll. 5173039 312151 6367218 Graduate School- Valparaiso University's Graduate School 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 565 students in 2011. 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 more than 20 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 doctor of nursing practice, a master of science in information technology and management, and a master's degree in arts and entertainment administration. 15132510 3269390 20574060 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 573 students in 2011. 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 36 percent of first-year law students in fall 2011 being members of historically underrepresented minorities in the legal profession._ 25498073 0 14476073 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. 25498073 0 14476073 139710145 1 1 0 1 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 1 0 0 1 1 0 0 0 0 0 0 0 0 1 5044 0 1 3238 1 1 1 1 GM UK 0 0 0 1 1 0 0 0 1 1 0 X 40 36 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X X Charley E Gillispie 2194645215 1700 Chapel Drive Valparaiso IN 463836493 Connie B Ashline 3 X 0 0 0 Richard E Beumer 5 X 0 0 0 N Cornell Boggs III 2 X X 0 0 0 Luther C Brunette 3 X 0 0 0 John L Draheim 2 X 0 0 0 Mark H Duesenberg 2 X 0 0 0 Linda K Ertel 5 X 0 0 0 Carolyn Schlie Femovich 2 X 0 0 0 Pamela R Fickenscher 2 X 0 0 0 Donald V Fites 6 X 0 0 0 Stephen A Furbacher 1 X 0 0 0 Joyce S Hagen 1 X 0 0 0 Mark F Hagerman 4 X 0 0 0 Robert D Hansen 1 X 0 0 0 Mark P Helge 1 X 0 0 0 David J Hessler 4 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 X 0 0 0 Grant A Krafft 3 X 0 0 0 Bruce R Laning 4 X 0 0 0 Thomas E Madden 2 X 0 0 0 Marion J Moon 1 X 0 0 0 Charles E Niemier 2 X 0 0 0 Steven W Parks 4 X 0 0 0 Richard W Pehlke 5 X 0 0 0 Bonnie E Raquet 7 X X 0 0 0 Linnea K Roberts 1 X 0 0 0 Paul D Schrage 5 X 0 0 0 Mark A Schulz 1 X 0 0 0 Jon R Schumacher 4 X 0 0 0 Scott A Seefeld 2 X 0 0 0 John W Shelton 1 X 0 0 0 Harley W Snyder 11 X 0 0 0 Paul A Strasen 3 X X 0 0 0 Herbert F Stride 0 X 0 0 0 Norman H Volk 3 X 0 0 0 Joel R Wilson 7 X 0 0 0 Carl H Young 2 X 0 0 0 Mark Heckler 65 X X 330206 0 28312 Mark Schwehn 65 X 200573 0 22782 Charley Gillispie 65 X 175168 0 21461 Lisa Hollander 60 X 85429 0 4868 Boyd Bradshaw 60 X 182821 0 21362 Darron Farha 60 X 151755 0 23196 Scott Ochander 65 X 162524 0 19930 Bonnie Hunter 60 X 143913 0 14589 Jay Conison 75 X 246181 0 26763 Homer Drew 75 X 194546 0 68556 Ivan Bodensteiner 50 X 196295 0 21544 Bruce Berner 50 X 192773 0 20863 JoEllen Lind 50 X 197807 0 16967 Seymour Moskowitz 50 X 181382 0 19457 Richard Maddox 40 X 158031 0 19645 2799404 0 350295 75 1 1 0 McShane Construction Company 9550 W Higgins Road Ste 200 Rosemont IL 60018 Construction Management Services 1307735 Superior Design Build 2345 167th St Hammond IN 46323 Construction Management Services 189065 BKD LLP 200 E Main St Ste 700 Fort Wayne IN 468021900 Audit Services 125950 0 0 0 0 0 4712540 24870425 16977257 29582965 Tuition & Fees 611310 109616091 109616091 0 0 Student housing & auxiliary 611310 10647988 10647988 0 0 3214022 3214022 0 0 123478101 1917325 0 0 1917325 16676 0 0 16676 0 0 0 0 164737 0 170409 0 -5672 0 -5672 0 0 -5672 1860673 6500 1823914 197074 36759 -190574 -153815 -190574 0 36759 0 0 0 0 0 0 0 0 0 0 0 0 6060997 4976045 1084952 1073289 11663 0 Advertising 511120 28700 0 28700 0 Special Events 900004 2200 0 2200 0 0 0 0 0 30900 155951432 124360816 42563 1965088 17865 17865 42143370 42143370 0 0 0 0 1906708 821065 881956 203687 0 0 0 0 48106800 43790117 2676590 1640093 3364638 3001198 239400 124040 8702891 7762828 619225 320838 3320973 2962250 236293 122430 171719 0 171719 0 139584 0 139584 0 79690 79690 1230151 1070045 160106 0 651079 325751 323251 2077 16393109 14967032 996366 429711 827936 606824 128232 92880 4172212 4095682 50863 25667 2241838 2069492 79437 92909 792800 681805 63189 47806 3144632 3086949 38337 19346 11171038 10966128 136187 68723 711859 710638 1221 0 Bad debts 429519 429519 0 0 Memberships/subscriptions 306427 201587 101608 3232 150026838 139710145 7043564 3273129 51766006 37586449 29207268 27548522 4984792 4192842 0 0 0 0 9869182 9483725 92553 91516 1223806 1176315 331848371 118485395 204713298 213362976 26464805 50565177 160502044 168073186 2825846 1557936 491649600 513638644 10347730 12344993 8123695 8189953 2451396 2562478 79145000 66435000 0 0 0 0 0 0 0 0 16951201 17408049 117019022 106940473 X 75076349 87798170 193713549 209718960 105840680 109181041 374630578 406698171 491649600 513638644 X 5924594 26142999 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 104173 0 0 104173 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 To obtain funding for educational programs, Russ Reid Company was under contract to provide general representation before Congress. Communications with Congressional offices included meetings, delivery of letters, e-mails and phone calls. 61097 0 0 0 X 0 142634092 3180626 26608815 3061657 2775011 155348 166431517 143641452 1127904 4499182 2536207 3949407 148832 142634092 203105048 4907951 -53266559 5310420 5656279 138289 143641452 0.1101 0.8869 0.003 0 0 0 10146557 10146557 0 214565211 67700075 146865136 0 34297213 9642866 24654347 0 54821815 41142454 13679361 0 18017575 0 18017575 213362976 0 0 Commonfund Bond Fund 25536903 F Commonfund Commodities Fund 5009404 F Commonfund Equities Fds 76660419 F Commonfund Private Capital 43993831 F Commonfund Treasury Access 12540243 F Life Ins,Private Real Estate,Other 4332386 F 168073186 Non-amortizable assets 335000 Bond costs net of amortization 695336 Beneficiary interest in perpetual trusts 527600 1557936 0 Student deposits 619647 Conditional asset retirement obligation 6736482 Obligations under spit interest agreements 6208020 Postretirement benefits 3408394 Other liabilities 435506 17408049 155951432 150026838 5924594 26142999 0 0 0 0 26142999 32067593 145060756 26142999 0 0 0 26142999 118917757 0 37033675 37033675 155951432 112993163 0 0 0 5109695 5109695 107883468 0 42143370 42143370 150026838 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'Keeffe, 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 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 Unviersity'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_P12_S00_L04b Schedule D, Part XII, Line 4b Adjustments include cost of goods sold for dining operations, rental expenses and the gain/loss on sale of short term securities which are included in the calculation of revenue on form 990, but are included in 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_P13_S00_L02d Schedule D, Part XIII, Line 2d Adjustments include cost of goods sold for dining operations, rental expenses and the gain/loss on sale of short term securities which are included in the calculation of revenue on form 990, but are included in expenses in the audit report. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Student financial aid expense is a reduction to revenue for audit purposes but reported as an expense for Form 990 reporting. 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 non-discrimination policy as follows: It is the policy of Valparaiso Unviersity to prohibit unlawful discrimination on the basis of gender, disability, race, color, age, veteran status or national origin in its educational programs, admissions programs and so forth. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Valparaiso University receives federal and state research grant funds 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 Campbridge, England. The University also provides study abroad opportunities through student exchange agreements with European Colleges and Unversities including England, France and Germany. Other educational opportunities through cooperative agreements are available in Spain, France and Greece. 590976 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. 41314 Sub-Saharan Africa 0 0 Program Services Valparaiso University provides educational opportunities through a cooperative agreement in Windhoek, Namibia. 184500 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Valparaiso University administers a study abroad program to provide students with an educational experience in Puebla, Mexico. 33524 South America 0 0 Program Services The Valparaiso University School of Law provides law students an education opportunity in Chile during the summer term. 89153 2 2 939467 1 0 0 0 0 0 X X X X X X X 0 AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY 1 Oklahoma State University Grants & Contracts Financial Admin PO Box 645 Stillwater OK 74076 736017987 Government Entity 16076 0 Sonde launches and vertical profiles in eastern Texas. 2 0 Scholarships awarded to Valparaiso University students to assist with educational expenses. 2781 42143370 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 X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Mark Heckler 330206 0 0 0 0 0 18375 0 28447 0 377028 0 0 0 Mark Schwehn 200573 0 0 0 0 0 14683 0 8651 0 223907 0 0 0 Charley Gillispie 175168 0 0 0 0 0 13362 0 8607 0 197137 0 0 0 Lisa Hollander 85429 0 0 0 0 0 4868 0 0 0 90297 0 0 0 Boyd Bradshaw 182821 0 0 0 0 0 11677 0 9737 0 204235 0 0 0 Darron Farha 151755 0 0 0 0 0 11750 0 11554 0 175059 0 0 0 Scott Ochander 162524 0 0 0 0 0 9805 0 10180 0 182509 0 0 0 Bonnie Hunter 143913 0 0 0 0 0 10918 0 4097 0 158928 0 0 0 Jay Conison 246181 0 0 0 0 0 18375 0 9082 0 273638 0 0 0 Homer Drew 194546 0 0 0 0 0 64885 0 4203 0 263634 0 0 0 Ivan Bodensteiner 196295 0 0 0 0 0 13445 0 8609 0 218349 0 0 0 Bruce Berner 192773 0 0 0 0 0 13804 0 7581 0 214158 0 0 0 JoEllen Lind 197807 0 0 0 0 0 13218 0 4251 0 215276 0 0 0 Seymour Moskowitz 181382 0 0 0 0 0 12398 0 7535 0 201315 0 0 0 Richard Maddox 158031 0 0 0 0 0 11546 0 8545 0 178122 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The spouse of the University President will occasionally travel with the President. The President's spouse conducts business on behalf of the University and attends events deemed appropriate when traveling with the President. The President is also 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. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 The University funds a nonqualified deferred compensation plan for Homer Drew, Basketball Coach. The deferred compensation arrangement is subject to Board approval and oversight. The annual funding is $60,000 and is subject to terms of his employment contract. Indiana Finance Authority 351602316 455057KK4 2007-11-08 31469854 Refunding of Series 2003 Energy Bonds and various facilities projects 0 0 0 Indiana Finance Authority 351602316 455057YZ6 2010-06-23 30421188 Refunding of Series 1999 Bonds and various facilities projects 0 0 0 Indiana Educational Facilities Authority 521698917 455048S90 2003-08-06 15763301 Refinancing of Series 1993 Bonds 0 0 0 465000 0 31469854 0 2141871 0 283698 0 0 28017673 1186156 0 2010 1 0 1 1 675000 0 30421188 0 0 0 281865 0 0 4847245 9569323 15741133 1 0 0 1 8730000 0 15763301 0 0 0 119372 538408 0 0 15105521 0 1 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Merit Scholarship Award Recipient A Interested Person 10500 Scholarship Merit Scholarship Award Recipient B Interested Person 18000 Scholarship Mark Hagerman Board Member 160000 Construction services are being provided by board member's wholly owned company 0 X 39 61097 Appraisals X 1395 Fair Market Value X 2115 Fair Market Value X 127 16887643 Fair Market Value X Event Catering 3 8511 Fair Market Value X Event Tickets 1 1200 Fair Market Value X Gift Certificates 7 1320 Fair market Value X Musical Scores 2 2483 Fair market Value 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b Valparaiso University uses Merrill Lynch to sell stock 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 servicing on the Valparaiso University Board, David Hessler and Bruce Lanning, 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, 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 shall determine which employees shall be 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 this 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. Any potential conflict of interest on the part of the directors is to be disclosed to the Chair of the Governance Committee of the Board. 4.Any potential conflict of interest on the part of officers, selected employees, and employees with significant procurement responsibilities are to be submitted to the General Counsel of Valparaiso University, and brought to the attention of the President of the University. 5.The Chair of the Governance Committee and the University Counsel of Valparaiso University shall submit reports to the Board of Directors concerning any interests so uncovered, disclosed, or unresolved. 6.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 this 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 Administration and Finance prior to entering into the transaction. The Vice President of Administration and Finance 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 Administration and Finance, the employee may submit the matter to the President. The President's decision shall be final and binding. 7.A director who has a 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 2011. 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 for Administration and Finance. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized investment gains