2024-05-15T12:07:25-05:00 2023-06-30 FORVIS LLP 111 E Wayne St Suite 600 Fort Wayne IN 46802 990 2022-07-01 350868125 THE LUTHERAN UNIVERSITY ASSOCIATION INC % MARK VOLPATTI LUTH 2194645215 1700 CHAPEL DRIVE VALPARAISO IN 46383 MARK VOLPATTI SR VP FOR FINANCE 2194645215 2024-05-15 true SUSAN D SCROGGINS 999009999 LAUREN R DENTON P01571860 2604604000 2 2022 2023-04-26 12:10:37Z VALPARAISO UNIVERSITY JOSE D PADILLA 1700 CHAPEL DRIVE VALPARAISO IN 46383 296680833 false X WWW.VALPO.EDU X 1925 IN 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. 29 27 2216 800 266059 185787 30132928 21920850 145508981 139362586 19027079 4114090 17979 58970 194686967 165456496 83211679 75112782 0 0 66267292 60176090 0 0 2885499 56826545 53819225 206305516 189108097 -11618549 -23651601 643359261 612467905 176472098 162829753 466887163 449638152 X VALPARAISO UNIVERSITY IS A COMPREHENSIVE, PRIVATE UNIVERSITY WITH A LUTHERAN HERITAGE THAT SERVES MORE THAN 2,800 FULL AND PART TIME STUDENTS. THE UNIVERSITY IS 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 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. false false 136900407 74334130 108958356 UNDERGRADUATE PROGRAMS - VALPARAISO UNIVERSITY ENROLLS MORE THAN 2,800 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 2023 BY U.S. NEWS AND WORLD REPORT. IN ADDITION, THE COLLEGE OF NURSING AND HEALTH PROFESSIONALS AND COLLEGE OF ENGINEERING HAVE BEEN RECOGNIZED BY U.S. NEWS AND WORK REPORT ON THEIR 2023 RANKINGS FOR BEST NATIONAL SCHOOLS IN THEIR FIELD, WITH THE COLLEGE OF ENGINEERING PLACING #14. 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 CLASSES OF DECEMBER 2021 AND MAY AND AUGUST 2022 WAS 97%. THE OVERALL PLACEMENT RATE HAS EXCEEDED 90% FOR 30 CONSECUTIVE YEARS. 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 2022-2023 ACADEMIC AND ATHLETIC YEAR - 12 STUDENT-ATHLETES RECEIVED THE PRESIDENT'S COUNCIL ACADEMIC EXCELLENCE HONOR, THE MISSOURI VALLEY CONFERENCE'S HIGHEST ACADEMIC HONOR; 77 STUDENT-ATHLETES ACHIEVED THE COMMISSIONER'S ACADEMIC EXCELLENCE AWARD; AND 175 STUDENT-ATHLETES WERE NAMED TO THE MISSOURI VALLEY CONFERENCE HONOR ROLL. 8107777 778652 11512274 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 2022, THE GRADUATE SCHOOL ENROLLED 609 STUDENTS, WITH 50% INTERNATIONAL STUDENTS AND 11% STUDENTS FROM DOMESTIC MINORITIES. COMPREHENSIVE ACADEMIC SUPPORT PROVIDES A FULL-SERVICE COMPLEMENT TO THE CULTURAL, EMOTIONAL, AND INTELLECTUAL DEVELOPMENT OF VALPARAISO UNIVERSITY GRADUATE STUDENTS. 32915840 0 18891957 VALPARAISO UNIVERSITY PROVIDES ADDITIONAL SERVICES TO STUDENTS INCLUDING HOUSING AND DIVISION I ATHLETICS OPPORTUNITIES. 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false false false true 89900 false false 89900 false PART II-B, LINE 1g DURING FISCAL YEAR 2023, THE ORGANIZATION UTILIZED THE SERVICES OF A PROFESSIONAL FIRM ENGAGED IN FEDERAL LOBBYING SEEKING FEDERAL FUNDING OPPORTUNITIES FOR WHICH THE ORGANIZATION INCURRED $89,000 IN EXPENSES. X X false 337974287 4133868 -152795 8270135 7915279 212753 325557193 363639906 3607546 -14863711 6818527 7234242 356685 337974287 268689000 7979563 100285431 6118984 6988513 206591 363639906 273438000 6844410 2947184 9396792 4944207 199595 268689000 263010548 9276545 18163288 5720771 10974088 317522 273438000 0.03400 0.61400 0.35200 false false 17230625 17230625 339460923 155076718 184384205 44084365 28710975 15373390 81618554 74557042 7061512 4908814 711345 4197469 228247201 COMMONFUND BOND FUNDS 38155026 F COMMONFUND PRIVATE CAPITAL 201684335 F COMMONFUND TREASURY ACCESS 2278943 F LIFE INS, REAL ESTATE, OTHER 5281591 F COMMONFUND EQUITIES FUNDS 58960827 F 306360722 0 STUDENT DEPOSITS 9500 OBLIGATIONS UNDER SPLIT-INTERE 4266706 CONDITIONAL ASSET RETIREMENT 8229496 POST RETIREMENT LIABILITIES 1922272 OTHER LIABILITIES 177129 LINE OF CREDIT 21000000 OPERATING LEASE LIABILITIES 3445188 39050291 96764716 6416597 267755 6684352 90080364 212753 75163379 75376132 165456496 114013727 125027 125027 113888700 212753 75006644 75219397 189108097 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. 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. THERE IS NO FEE TO VISIT THE MUSEUM. SCHEDULE D, PART V, LINE 4 VALPARAISO UNIVERSITY'S ENDOWMENT FUNDS ARE USED TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS IN THE FORM OF SCHOLARSHIPS. 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. PART XI, LINE 2D RENTAL EXPENSES $ 125,027 CHANGE IN DISCOUNT & ALLOWANCE $ 142,728 TOTAL $ 267,755 PART XI, LINE 4B STUDENT AID 69,624,275 PELL & FREEDOM OF CHOICE AID 5,382,369 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 156,735 TOTAL $75,163,379 PART XII, LINE 2D RENTAL EXPENSES $ 125,027 PART XII, LINE 4B STUDENT AID 69,624,275 PELL & FREEDOM OF CHOICE AID 5,382,369 TOTAL $75,006,644 ASC 740 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 VALPARAISO UNIVERSITY'S GENERAL CATALOG OFFERS A LINK TO OUR STATEMENT OF EQUALITY OF OPPORTUNITY AS FOLLOWS: NONDISCRIMINATION POLICY AS TO STUDENTS. VALPARAISO UNIVERSITY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN, AGE, GENDER, DISABILITY, SEXUAL ORIENTATION OR (AS QUALIFIED HEREIN) RELIGION, TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES, GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN, AGE, GENDER, DISABILITY, SEXUAL ORIENTATION OR (AS QUALIFIED HEREIN) RELIGION IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, CAREER SERVICES AND PLACEMENT, AND ATHLETIC AND OTHER SCHOOL ADMINISTERED PROGRAMS. VALPARAISO UNIVERSITY IS AN INSTITUTION COMMITTED TO ITS LUTHERAN TRADITIONS. THE UNIVERSITY RESERVES THE RIGHT TO PROMOTE THE TEACHINGS OF THE CHURCH AND TO EXERCISE PREFERENCES IN ADMISSIONS IN FAVOR OF LUTHERANS. EQUAL EMPLOYMENT OPPORTUNITY POLICY. VALPARAISO UNIVERSITY MAINTAINS A POLICY OF EQUAL EMPLOYMENT OPPORTUNITY FOR ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT. THE UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN, AGE, GENDER, DISABILITY, SEXUAL ORIENTATION OR (AS QUALIFIED HEREIN) RELIGION OR ANY PROTECTED CLASSIFICATION UNDER FEDERAL, STATE OR LOCAL LAW. THIS POLICY APPLIES TO ALL ASPECTS OF EMPLOYMENT INCLUDING, BUT NOT LIMITED TO, RECRUITING, HIRING, TRAINING, TRANSFER, PROMOTION, JOB BENEFITS, PAY, DISMISSAL, SOCIAL AND RECREATIONAL ACTIVITIES. AN INSTITUTION COMMITTED TO ITS LUTHERAN TRADITIONS, THE UNIVERSITY RESERVES THE RIGHT TO PROMOTE THE TEACHINGS OF THE CHURCH AND TO EXERCISE PREFERENCES IN EMPLOYMENT-RELATED PRACTICES IN FAVOR OF LUTHERANS. SCHEDULE E, PART I, LINE 6A VALPARAISO UNIVERSITY RECEIVES FEDERAL AND STATE RESEARCH GRANTS AND GRANTS FOR STUDENT FINANCIAL AID. true EAST ASIA AND THE PACIFIC 0 0 Program Services EDUCATIONAL 369027 EUROPE 2 2 Program Services EDUCATIONAL 313455 CENTRAL AMERICA/CARIBBEAN 0 1 Program Services EDUCATIONAL 66924 CENTRAL AMERICA/CARIBBEAN 0 0 Investments 2181885 SUB-SAHARAN AFRICA 0 0 Program Services EDUCATIONAL 16750 2 3 2 3 2948041 2948041 true false false false false false PART 1 LINE 3 - CENTRAL/SOUTH AMERICA VALPARAISO UNIVERSITY ADMINISTERS A STUDY ABROAD PROGRAM TO PROVIDE STUDENTS WITH EDUCATIONAL EXPERIENCES IN SAN JOSE (HEREDIA), COSTA RICA. THE UNIVERSITY ALSO PROVIDES STUDY ABROAD OPPORTUNITIES THROUGH STUDENT EXCHANGE AGREEMENTS UNIVERSIDAD VINA DEL MAR IN VINA DEL MAR, CHILE, AND UNIVERSIDAD DE LAS AMERICAS IN PUEBLA, MEXICO. PART I, LINE 3 EUROPE (INCLUDING ICELAND AND GREENLAND) VALPARAISO UNIVERSITY ADMINISTERS STUDY ABROAD PROGRAMS TO PROVIDE STUDENTS WITH EDUCATIONAL EXPERIENCES IN REUTLINGEN, GERMANY AND CAMBRIDGE, UK. THE UNIVERSITY ALSO PROVIDES STUDY ABROAD OPPORTUNITIES THROUGH STUDENT EXCHANGE AGREEMENTS WITH EUROPEAN COLLEAGUES AND UNIVERSITIES WITH ANGLIA-RUSKIN IN CAMBRIDGE, UK, EXCELIA BUSINESS SCHOOL ROCHELLE, FRANCE, UNIVERSITAT TUBINGEN IN TUBINGEN, GERMANY, HOCHSCHULE FUR KIRCHENMUSIK, IN ROTTENBURG AM NECKAR, GERMANY, AND UNIVERS DE ZARAGOZA IN ZARAGOZA, SPAIN. OTHER EDUCATIONAL OPPORTUNITIES THROUGH COOPERATIVE AGREEMENTS ARE AVAILABLE IN SEVILLE, SPAIN, LIMERICK, IRELAND, PARIS, FRANCE, NANTES, FRANCE, BUDAPEST, HUNGARY, ATHENS, GREECE, AMSTERDAM, THE NETHERLANDS, MILAN, ITALY, AND VIENNA, AUSTRIA. PART 1 LINE 3 - SUB-SAHARAN AFRICA VALPARAISO UNIVERSITY PROVIDES EDUCATIONAL OPPORTUNITIES THROUGH A COOPERATIVE AGREEMENT IN WINDHOEK, NAMIBIA. PART I LINE 3 - EAST ASIA AND THE PACIFIC VALPARAISO UNIVERSITY PROVIDES EDUCATIONAL OPPORTUNITIES THROUGH A STUDENT EXCHANGE AGREEMENT WITH KANSAI GAIDAI UNIVERSITY IN JAPAN. OTHER EDUCATIONAL OPPORTUNITIES THROUGH COOPERATIVE AGREEMENTS ARE AVAILABLE IN TAIPEI, TAIWAN, SEOUL, SOUTH KOREA, HO CHI MIN, AND NEW CASTL AUSTRALIA. VALPARAISO UNIVERSITY ALSO SUPPORTS A DUEL-DEGREE PARTNERSHIP WITH DALIAN UNIVERSITY IN CHINA. true CALIFORNIA STATE UNI LONG BEACH RESEARCH FDN 6300 STATE UNIVERSITY DR STE 332 LONG BEACH CA 90815 956106694 501(c)3 106138 GENERAL SUPPORT 1 SCHOLARSHIPS 2312 75006644 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 true true X X X X true true false false false false false false false DARRON FARHA VP & GENERAL COUNSEL 251109 0 0 0 0 0 15741 0 8360 0 275210 0 JOSE PADILLA PRESIDENT 437341 0 0 0 28000 0 18300 0 47088 0 530729 0 MARK VOLPATTI VP OF FINANCE 248215 0 0 0 0 0 13269 0 3790 0 265274 0 BRIAN O'ROURKE VP ENROLLMENT MANAGEMENT 239085 0 0 0 0 0 15000 0 14745 0 268830 0 RICHARD AMRHEIN VP/COMMUNITY AND GOVERNMENT 112456 0 0 0 0 0 2284 0 4811 0 119551 0 STEVEN JANOWIAK VP STUDENT LIFE 147432 0 0 0 0 0 9089 0 39498 0 196019 0 SUSAN SCROGGINS END 922 SENIOR VICE PRESIDENT 190928 0 0 0 0 0 12070 0 8126 0 211124 0 ERIC JOHNSON PROVOST AND EXECUTIVE VP 288885 0 0 0 0 0 18000 0 17970 0 324855 0 LISA HOLLANDER VP FOR ADVANCEMENT 265168 0 0 0 0 0 15860 0 10030 0 291058 0 MARK HECKLER END 722 PRESIDENT EMERITUS 355664 0 0 0 181155 0 11882 0 5211 0 553912 0 170982 JON KILPINEN DEAN COLLEGE ARTS & SCIENCES 127320 0 0 0 78822 0 7633 0 358 0 214133 0 COLEEN WILDER ASSOC PROFESSOR MANAGEMENT 69938 0 0 0 221380 0 4087 0 2548 0 297953 0 MARK LEBARBERA DIRECTOR OF ATHLETICS 108132 0 0 0 201126 0 6776 0 8142 0 324176 0 MATT LOTTICH HEAD COACH MEN'S BASKETBALL 331342 0 0 0 7200 0 18300 0 16576 0 373418 0 TAMARA GINGERICH AVP FINANCE/CONTROLLER 227583 0 0 0 0 0 11655 0 547 0 239785 0 ZHENHU JIN PROFESSOR FINANCE 60521 0 0 0 157489 0 5058 0 5140 0 228208 0 SCHEDULE J, PART I, LINE 1A 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 4A THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS AS PART OF A VOLUNTARY SEPARATION AGREEMENT. THESE AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III): JON KILPINEN - $78,822 COLEEN WILDER - $221,380 MARK LEBARBERA - $201,126 ZHENHU JIN - $136,989 SCHEDULE J, PART I, LINE 4B MARK HECKLER IS THE ONLY PARTICIPANT IN THE UNIVERSITY'S 457(F) PLAN. CONTRIBUTIONS TO THE PLAN ARE REPORTED AS DEFERRED COMPENSATION AS THEY ARE ACCRUED. AMOUNTS PAID OUT UNDER THE PLAN FOR 6/30/2023 WERE $170,981.50. THE PLAN DID NOT RECEIVE CONTRIBUTIONS FOR 6/30/2023. 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FORM 990, PART VI, SECTION A, LINE 1B JOSE PADILLA IS A PAID EMPLOYEE OF THE ORGANIZATION AND THEREFORE IS CONSIDERED A NON-INDEPENDENT BOARD MEMBER. GEOFF GILLMORE IS ALSO CONSIDERED A NON-INDEPENDENT BOARD MEMBER DUE TO TRANSACTIONS REPORTED ON SCHEDULE L. 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, EXCLUDING SCHEDULE B TO HONOR DONOR CONFIDENTIALITY, SHALL BE MADE AVAILABLE TO ALL BOARD MEMBERS VIA POSTING TO THE BOARD'S COMMONLY USED ELECTRONIC ADMINISTRATIVE SYSTEM. THIS RETURN WAS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE ON 04/19/2024 AND UPON APPROVAL WAS POSTED ELECTRONICALLY FOR FULL BOARD REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY FOR THE DISCLOSURE OF EXISTING OR POTENTIAL CONFLICTS OF INTEREST, SHALL BE ADMINISTERED IN THE FOLLOWING MANNER: 1. CURRENT AND CERTAIN FORMER DIRECTORS, OFFICERS, AND KEY EMPLOYEES 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 BOARD CHAIR AND THE PRESIDENT SHALL HAVE DISCRETION TO APPLY THIS REQUIREMENT TO OTHER EMPLOYEES (SUCH AS EMPLOYEES WITH SIGNIFICANT PROCUREMENT RESPONSIBILITIES). 2. ANY EXISTING OR POTENTIAL CONFLICT OF INTEREST ON THE PART OF A DIRECTOR IS TO BE DISCLOSED TO THE CHAIR OF THE GOVERNANCE COMMITTEE OF THE BOARD. THE CHAIR OF THE GOVERNANCE COMMITTEE, IN CONSULTATION WITH THE BOARD CHAIR, THE PRESIDENT, AND THE GENERAL COUNSEL, WILL DISCUSS WITH THE DIRECTOR OPTIONS FOR RESOLVING THE CONFLICT. A CONFLICT OF INTEREST MAY BE WAIVED IF THE CHAIR OF THE GOVERNANCE COMMITTEE, IN CONSULTATION WITH THE BOARD CHAIR, THE PRESIDENT, AND THE GENERAL COUNSEL, DETERMINES THAT THE TRANSACTION OR CIRCUMSTANCE IS IN THE BEST INTERESTS OF THE UNIVERSITY. WHETHER OR NOT A CONFLICT IS WAIVED, 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 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. 3. ANY EXISTING OR POTENTIAL CONFLICT OF INTEREST ON THE PART OF AN OFFICER, KEY EMPLOYEE, OR OTHER DESIGNATED EMPLOYEE IS TO BE DISCLOSED TO THE GENERAL COUNSEL AND BROUGHT TO THE ATTENTION OF THE PRESIDENT. THE GENERAL COUNSEL, IN CONSULTATION WITH THE PRESIDENT, WILL DISCUSS WITH THE OFFICER OR EMPLOYEE OPTIONS FOR RESOLVING THE CONFLICT. A CONFLICT OF INTEREST MAY BE WAIVED IF THE GENERAL COUNSEL, IN CONSULTATION WITH THE PRESIDENT, DETERMINES THAT THE TRANSACTION OR CIRCUMSTANCE IS IN THE BEST INTERESTS OF THE UNIVERSITY. THE GENERAL COUNSEL SHALL REPORT TO THE GOVERNANCE COMMITTEE ANY CONFLICTS OF INTEREST AND THE RESOLUTION OR WAIVER OF SAME. FORM 990, PART VI, SECTION B, LINE 15A 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 ON OCTOBER 23, 2023. INFORMATION FROM OUTSIDE CONSULTANTS AS WELL AS PEER AND INDUSTRY DATA WAS REVIEWED TO DETERMINE EQUITABLE, COMPETITIVE COMPENSATION PACKAGES. FORM 990, PART VI, SECTION B, LINE 15B 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 ON OCTOBER 23, 2023. INFORMATION FROM OUTSIDE CONSULTANTS AS WELL AS PEER AND INDUSTRY DATA WAS REVIEWED TO DETERMINE EQUITABLE, COMPETITIVE COMPENSATION PACKAGES. 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 SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. PART XI, LINE 9 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $(156,735) CHANGE IN DISCOUNT & ALLOWANCE $ 142,728 TOTAL $(14,007) SCHEDULE B FORM 990 SCHEDULE OF CONTRIBUTORS IS NOT SUBJECT TO PUBLIC DISCLOSURE PURSUANT TO THE UNITED STATES FREEDOM OF INFORMATION ACT. VU INT'L COLLABORATION LLC 1700 CHAPEL DRIVE VALPARAISO IN 46383 453588931 CHARITABLE DE LUA INC AVRO LLC 1700 CHAPEL DRIVE VALPARAISO IN 46383 455235826 R/E HOLDINGS IN 1691176 LUA INC INDEPENDENT COLLEGES OF INDIANA INC 101 W OHIO STREET SUITE 300 INDIANAPOLIS IN 46204 310901001 EDUCATION IN 501(C)(3) 12A NA false false false true false false false false false false false false false false false false false false false false