2026-05-15T15:48:38+00:00 2025-06-30 440160260 Forvis Mazars LLP 111 E Wayne Street Suite 600 Fort Wayne IN 46802 990 2024-07-01 350868125 THE LUTHERAN UNIVERSITY ASSOCIATION INC LUTH 2194645215 1700 CHAPEL DRIVE VALPARAISO IN 46383 JOSE D PADILLA PRESIDENT 2194645215 2026-05-15 true true Lauren Denton P01571860 2604604000 2026-05-15 2024 2025-03-06 01:10:19Z VALPARAISO UNIVERSITY JOSE D PADILLA 1700 CHAPEL DRIVE VALPARAISO IN 46383 384695274 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. 28 26 2036 600 770145 672621 23120022 23464992 137049826 139165429 7100886 24986059 32410 28258 167303144 187644738 76954533 75248059 0 0 63092965 64283923 65500 0 3163086 54691717 61803954 194804715 201335936 -27501571 -13691198 602858223 606524754 167447226 164642516 435410997 441882238 VALPARAISO UNIVERSITY IS A COMPREHENSIVE, PRIVATE UNIVERSITY WITH A LUTHERAN HERITAGE THAT SERVES MORE THAN 2,000 FULL AND PART TIME STUDENTS. THE UNIVERSITY HAS RECEIVED SPECIAL RECOGNITION FOR ITS OUTSTANDING TEACHING AND EDUCATIONAL VALUE. MORE THAN 60 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 146353503 74468131 108804212 Undergraduate programs - Valparaiso University enrolls more than 2,000 undergraduate students in more than 60 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 2025 by U.S. News & World Report. In addition, the College of Nursing and Health Professions, the College of Business and the College of Engineering have been recognized for quality. 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 class of 2024 was 98.2%. 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 2024-2025 academic and athletic year - 12 student-athletes received the President's Council Academic Excellence Honor, the Missouri Valley Conference's highest academic honor; 84 student-athletes achieved the Commissioner's Academic Excellence Award; and 225 student-athletes were named to the Missouri Valley Conference Honor Roll. 35188708 0 18865229 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. 8667626 779928 11495988 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 2025, 380 students were enrolled in graduate studies with 31 international students and 88 students who did not self-identify as white. Comprehensive academic support provides a full-service complement to the cultural, emotional, and intellectual development of Valparaiso University graduate students. 190209837 true true false true false false false true false true true true false false true false false true true true true false false false false false false true true true true false false false false false false false false true false true true false false true true false false false false true X 515 0 2036 true true true true GM false false false true true false false false false false false X 28 26 false false false false false false false true true false false false false true true true true true true true false false IN X X MaryFrances McCourt 2194645215 1700 CHAPEL DRIVE VALPARAISO IN 46383 JOSE PADILLA PRESIDENT 60.0 0.0 X X 466886 0 88904 ANDREW NUNEMAKER DIRECTOR 2.0 0.0 X 0 0 0 BRUCE LANING DIRECTOR 6.0 0.0 X 0 0 0 CAROLYN SCHLIE FEMOVICH DIRECTOR 1.0 0.0 X 0 0 0 CHRISTOPHER GOOD DIRECTOR 2.0 0.0 X 0 0 0 CHRISTOPHER R PETRINI-POLI DIRECTOR 3.0 0.0 X 0 0 0 COLETTE IRWIN-KNOTT DIRECTOR 5.0 0.0 X 0 0 0 CRAIG DWIGHT DIRECTOR 1.0 0.0 X 0 0 0 DANIELLE IDDINS DIRECTOR 3.0 0.0 X 0 0 0 DAVID BOCHNOWSKI DIRECTOR 2.0 0.0 X 0 0 0 EMILY CHASE DIRECTOR 1.0 0.0 X 0 0 0 GEOFF GILLMORE DIRECTOR 1.0 0.0 X 0 0 0 JEFFREY DOBBS DIRECTOR 3.0 0.0 X 0 0 0 Jill Bodensteiner DIRECTOR 2.0 0.0 X 0 0 0 Jon DeGuilio DIRECTOR 2.0 0.0 X 0 0 0 JON STEINBRECHER DIRECTOR 7.0 0.0 X 0 0 0 JULIE WINKLER BOARD VICE-CHAIR 2.0 0.0 X 0 0 0 Lindsay Roettger DIRECTOR 2.0 0.0 X 0 0 0 LOUIE GONZALEZ DIRECTOR 1.0 0.0 X 0 0 0 MARION MOON DIRECTOR 4.0 0.0 X 0 0 0 MARK DUESENBERG DIRECTOR 8.0 0.0 X 0 0 0 NOE ORTEGA DIRECTOR 9.0 0.0 X 0 0 0 PAUL STRASEN DIRECTOR 3.0 0.0 X 0 0 0 PHILIP SPAHN DIRECTOR 3.0 0.0 X 0 0 0 ROBERT HANSEN JR BOARD CHAIR 4.0 0.0 X 0 0 0 Sara Manske DIRECTOR 2.0 0.0 X 0 0 0 Scott Buckey DIRECTOR 2.0 0.0 X 0 0 0 SUSAN JENNY EHR DIRECTOR 6.0 0.0 X 0 0 0 DARRON FARHA VP & GENERAL COUNSEL 60.0 0.0 X 261685 0 25667 ERIC JOHNSON PROVOST AND EXECUTIVE VP 60.0 0.0 X 295431 0 38069 JILL SCHUR VP FOR ENROLLMENT AND MARKETING (LEFT 05/23) 60.0 0.0 X 268004 0 16212 MARIE FOSTER-BRUNS VP FOR ADVANCEMENT 60.0 0.0 X 264140 0 20689 MARK VOLPATTI SR VP OF FINANCE 60.0 0.0 X 269240 0 22545 Greg Johnson Dean College Arts & Sciences 60.0 0.0 X 155961 0 27835 Doug Tougaw Dean College Engineering 60.0 0.0 X 187920 0 30650 KAREN ALLEN Dean of the College of Nursing 40.0 0.0 X 204211 0 17558 NICLAS ERHARDT Dean of the College of Business 40.0 0.0 X 223950 0 14819 ROGER POWELL Head Coach Men's Basketball 40.0 0.0 X 515831 0 40033 Tamara Gingerich Assoc VP of Finance (LEFT 03/21) 60.0 0.0 X 198135 0 12445 Steven Janowiak VP Student Life 60.0 0.0 X 262966 0 27086 3574360 0 382512 66 true true false EAT'N PARK HOSPITALITY GROUP INC PO BOX 644091 PITTSBURGH PA 152644901 FOOD SERVICES 5508311 ARTIC ENGINEERING 8410 Minnesota Street Merrillville IN 46410 CONSTRUCTION 1211032 C LEE CONSTRUCTION SERVICES INC PO Box 618 Griffith IN 46319 CONSTRUCTION 665222 UNIVERSITY PROMENADE LLC 1055 EAGLE RIDGE DRIVE SCHERERVILLE IN 46375 HOUSING MANAGEMENT 583705 EBA PO Box 603519 Charlotte NC 282603519 MARKETING 583705 31 11828 14085539 9367625 720867 23464992 TUITION & FEES 611710 111263832 111263832 STUDENT HOUSING 611710 10609491 10609491 MISCELLANEOUS 900099 12181408 12181408 DINING SERVICES 722514 5110698 5110698 0 0 0 0 139165429 2560167 770145 1790022 193546 165288 28258 0 28258 28258 206757494 12553646 196566818 318430 10190676 12235216 22425892 22425892 0 0 0 0 0 187644738 139165429 770145 24244172 54998 54998 75193061 75193061 0 0 0 0 2511319 807348 1419143 284828 58006 58006 0 0 46451806 42700554 2393478 1357774 2650748 2355765 206162 88821 9301258 8266185 723406 311667 3310786 2942351 257497 110938 0 0 0 0 227840 0 227840 0 193225 0 193225 0 57534 0 57534 0 0 0 148095 0 148095 0 9291121 8544808 744322 1991 10891149 10840114 32324 18711 10611970 10172502 230991 208477 2244012 1324470 459771 459771 0 0 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DESCRIPTION OF THE LOBBYING ACTIVITY DURING FISCAL YEAR 2025, THE ORGANIZATION UTILIZED THE SERVICES OF A PROFESSIONAL FIRM ENGAGED IN FEDERAL LOBBYING SEEKING FEDERAL FUNDING OPPORTUNITIES FOR WHICH THE ORGANIZATION INCURRED $57,534 IN EXPENSES. X X false 321929499 2856715 23994700 8380818 9093912 148095 331158089 325557193 1976174 12352286 8306922 9443584 205648 321929499 337974287 4133868 -152795 8270135 7915279 212753 325557193 363639906 3607546 -14863711 6818527 7234242 356685 337974287 268689000 7979563 100285431 6118984 6988513 206591 363639906 0.112 0.57 0.318 false false 17023610 17023610 340923514 167547839 173375675 44868789 31389801 13478988 82596958 76852240 5744718 3588492 0 3588492 213211483 Closely-held equity interests Financial derivatives COMMONFUND BOND FUNDS 33658857 F COMMONFUND PRIVATE CAPITAL 217640767 F COMMONFUND TREASURY ACCESS 12438033 F LIFE INS, REAL ESTATE, OTHER 9536753 F COMMONFUND EQUITIES FUNDS 40722861 F 313997271 Federal Income Taxes STUDENT DEPOSITS 21000 OBLIGATIONS UNDER SPLIT-INTERE 3712763 CONDITIONAL ASSET RETIREMENT 8154033 POST RETIREMENT LIABILITIES 1950785 OTHER LIABILITIES 225882 LINE OF CREDIT 32000000 OPERATING LEASE LIABILITIES 2090257 48154720 124400299 18867058 14060 1446609 20327727 104072572 148095 83424071 83572166 187644738 117929058 165288 165288 117763770 148095 83424071 83572166 201335936 Schedule D, Part X, Line 2 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. Schedule D, Part III, Line 4 Collections of art - description of collections 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 Intended uses of endowment funds 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. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 RENTAL EXPENSES - 165288 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS - 373302 CHANGE IN DISCOUNT AND ALLOWANCE - 908019 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements STUDENT AID - 75193061 PELL & FREEDOM OF CHOICE AID - 8231010 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSES - 165288 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements STUDENT AID - 75193061 PELL & FREEDOM OF CHOICE AID - 8231010 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY 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 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT 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 568008 Europe (Including Iceland and Greenland) 1 2 Program Services EDUCATIONAL 486753 Central America and the Caribbean 0 1 Program Services EDUCATIONAL 69000 Central America and the Caribbean 0 0 Investments 1459877 Sub-Saharan Africa 0 0 Program Services EDUCATIONAL 1515 1 3 0 0 1 3 2585153 0 2585153 true false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds 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. 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 GRANADA, SPAIN, LIMERICK, IRELAND, PARIS, FRANCE, NANTES, FRANCE, BUDAPEST, HUNGARY, ATHENS, GREECE, AMSTERDAM, THE NETHERLANDS, MILAN, ITALY, AND VIENNA, AUSTRIA. 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. SUB-SAHARAN AFRICA VALPARAISO UNIVERSITY PROVIDES EDUCATIONAL OPPORTUNITIES THROUGH A COOPERATIVE AGREEMENT IN WINDHOEK, NAMIBIA. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Cash; EAST ASIA AND THE PACIFIC-Cash; EUROPE (INCLUDING ICELAND AND GREENLAND)-Cash; SUB-SAHARAN AFRICA-Cash true University of Wisconsin 21 N Part Street Madison WI 53715 391805963 115 27248 GENERAL SUPPORT BELMONT UNIVERSITY 1900 BELMONT BOULEVARD NASHVILLE TN 372123757 620465076 501(C)(3) 12000 GENERAL SUPPORT INDIANA WESLEYAN UNIVERSITY 4201 S WASHINGTON STREET MARION IN 46953 350885591 501(C)(3) 12500 GENERAL SUPPORT 3 0 SCHOLARSHIPS 2114 75193061 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds 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 true true X X X X true false false false false false false false false JOSE PADILLA PRESIDENT 459386 0 0 0 7500 0 43700 0 45204 0 555790 0 0 0 Steven Janowiak VP Student Life 89168 0 0 0 173798 0 5615 0 21471 0 290052 0 0 0 DARRON FARHA VP & GENERAL COUNSEL 261685 0 0 0 0 0 16449 0 9218 0 287352 0 0 0 ERIC JOHNSON PROVOST AND EXECUTIVE VP 295431 0 0 0 0 0 18495 0 19574 0 333500 0 0 0 MARK VOLPATTI SR VP OF FINANCE 269240 0 0 0 0 0 16614 0 5931 0 291785 0 0 0 MARIE FOSTER-BRUNS VP FOR ADVANCEMENT 252691 0 0 0 11449 0 15600 0 5089 0 284829 0 0 0 JILL SCHUR VP FOR ENROLLMENT AND MARKETING (LEFT 05/23) 260000 0 0 0 8004 0 15600 0 612 0 284216 0 0 0 Greg Johnson Dean College Arts & Sciences 155961 0 0 0 0 0 9967 0 17868 0 183796 0 0 0 ROGER POWELL Head Coach Men's Basketball 496643 0 0 0 19188 0 20700 0 19333 0 555864 0 0 0 NICLAS ERHARDT Dean of the College of Business 223950 0 0 0 0 0 13500 0 1319 0 238769 0 0 0 KAREN ALLEN Dean of the College of Nursing 204211 0 0 0 0 0 12450 0 5108 0 221769 0 0 0 Tamara Gingerich Assoc VP of Finance (LEFT 03/21) 198135 0 0 0 0 0 11888 0 557 0 210580 0 0 0 Doug Tougaw Dean College Engineering 187920 0 0 0 0 0 12300 0 18350 0 218570 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use 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 1a Health or social club dues or initiation fees Roger Powell has a country club membership. Any personal use is included as taxable income on his W-2. Schedule J, Part I, Line 4a Severance or change-of-control payment Steven Janowiak received $173,798 in severance pay. A INDIANA FINANCE AUTHORITY 351602316 3135GOXP3 2014-09-25 45238325 CONSTRUCTION OF BEACON HALL false false false B INDIANA FINANCE AUTHORITY 351602316 45506DF67 2017-07-12 44822085 CONSTRUCTION OF SCIENCE CENTER false false false C INDIANA FINANCE AUTHORITY 351602316 45470EAQ8 2021-06-17 20102755 REFINANCE 2010 BOND - CONSTRUCTION OF THE ARTS AND SCIENCE BUILDING false false false A 0 0 45238325 0 3312688 0 238325 0 0 45000000 0 0 2016 false false true true B 5750000 0 44822085 0 0 0 275287 0 0 15000000 29546798 0 2018 true false true true C 4640000 0 20102755 0 0 0 346560 0 0 0 19756195 0 2021 true false true true A false false false false false false 0.0 0.0 0.0 false false 0 false true B false false false false false false 0.0 0.0 0.0 false false 0 false true C false false false false false false 0.0 0.0 0.0 false false 0 false true A false false true false false false 0 false false false 0 false false true B false false true false false false 0 false false false 0 false false true C true false false false false false 0 false false false 0 false false true A true B true C true LORI MILTENBERGER GEOFF GILLMORE'S SISTER 58006 COMPENSATION false 1 91250 Market value 15 629617 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art - Number of contributions Securities - Publicly traded - number of contributions Form 990, Part VI, Line 1a NON-INDEPENDENT BOARD MEMBERS 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, Line 15 PROCESS TO ESTABLISH COMPENSATION OF OFFICERS AND KEY EMPLOYEES 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 NOVEMBER 02, 2025. INFORMATION FROM OUTSIDE CONSULTANTS AS WELL AS PEER AND INDUSTRY DATA WAS REVIEWED TO DETERMINE EQUITABLE, COMPETITIVE COMPENSATION PACKAGES. Form 990, Part VI, Line 11b Review of form 990 by governing body 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 04/17/2025 AND UPON APPROVAL WAS POSTED ELECTRONICALLY FOR FULL BOARD REVIEW. Form 990, Part VI, Line 12c Conflict of interest policy 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, Line 19 Required documents available to the public 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. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - 373302; CHANGE IN DISCOUNT & ALLOWANCE - 908019; Total - 1281321; VU INT'L COLLABORATION LLC 1700 CHAPEL DRIVE VALPARAISO IN 46383 453588931 CHARITABLE DE 0 0 LUA INC AVRO LLC 1700 CHAPEL DRIVE VALPARAISO IN 46383 455235826 R/E HOLDINGS IN 167581 1520233 LUA INC INDEPENDENT COLLEGES OF INDIANA INC 101 W OHIO STREET SUITE 300 INDIANAPOLIS IN 46204 310901001 EDUCATION IN 501(c)(3) Type I NA false false false true false false false false false false false false false false false false false false false false