2026-04-14T15:24:27+00:00 2025-06-30 440160260 Forvis Mazars LLP 14221 Dallas Parkway Suite 400 Dallas TX 75254 990 2024-07-01 832155629 The Letourneau University Foundation LETO 9032334110 2100 South Mobberly Ave Longview TX 75602 Thomas E Bevan President 9032334110 2026-04-14 true Andrew J Gray P01517705 9727028262 2025-05-15 2024 2025-03-06 01:10:19Z THOMAS E BEVAN 2100 South Mobberly Ave Longview TX 75602 15357299 false X N/A X 2018 TX TO SUPPORT LETOURNEAU UNIVERSITY 7 5 2 0 0 4740 4740 301178 408523 2095879 2484109 301 70623 2402098 2967995 50000 5000 0 0 292097 250581 0 0 0 636707 168870 978804 424451 1423294 2543544 65798391 59295994 23383993 12376671 42414398 46919323 UTILIZING A PROFESSIONAL, BIBLICALLY INFORMED APPROACH WE SERVE AS A GUIDE TO CAREFULLY DESIGNED ESTATE AND LEGACY PLANS THAT IN THEIR CONVEYED CHARITABLE INTENT EXPRESSLY BENEFIT LETOURNEAU UNIVERSITY IN ITS WORK OF RAISING UP MEN AND WOMEN WHO SEE THEIR LIFE'S WORK AS A HOLY CALLING, MAKING MISSION FIELDS OF EVERY WORKPLACE IN EVERY NATION. false false 364117 5000 408523 IN FULFILLMENT OF OUR MISSION, WE HAVE ENGAGED NUMEROUS LETOURNEAU UNIVERSITY ALUMNI AND CONSTITUENCY, AND ASSISTED THEM IN THE COMPLETION OF THEIR LEGACY PLANNING. IN SERVICE TO THEIR STATED WISHES IN THOSE ESTATE AND LEGACY PLANS, WE HAVE THEN CONSULTATIVELY ARRIVED AT LEGACY GIFT DESIGNS THAT INURE TO THE BENEFIT OF LETOURNEAU UNIVERSITY - SOME THROUGH OUTRIGHT TESTAMENTARY BEQUESTS; OTHERS BY MEANS OF THE REMAINDER INTEREST FOR THE UNIVERSITY IN CHARITABLE SPLIT INTEREST IRREVOCABLE TRUSTS. 364117 true false false false false false false false false true true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false false false true true false false false true 0 0 2 true false false false false false false false false false false false false X 7 5 false false false false false true true true true false false false true true true true true true true false false false X Thomas E Bevan & Michelle Fritz 9032334110 2100 SOUTH MOBBERLY AVE LONGVIEW TX 75602 Bob Walker Board Vice Chairman 1.0 3.0 X X 0 0 0 Dan DiFrancesco Board Chairman 1.0 3.0 X X 0 0 0 Jim Mauldin Secretary/Treasurer 1.0 0 X X 0 0 0 Thomas E Bevan President 50.0 0 X X 151188 0 0 Larry Mercer Director 1.0 3.0 X 0 0 0 Ray Baumer Director 1.0 0 X 0 0 0 Steven D Mason President (CEO) 1.0 59.0 X 0 389402 33664 151188 389402 33664 1 false true false 0 4740 4740 ENDOWMENT MANAGEMENT FEE REVENUE 523920 408523 408523 0 0 0 0 408523 1967613 1967613 0 0 12905800 12389304 516496 0 516496 516496 70623 0 0 70623 70623 2967995 408523 0 2554732 X 5000 5000 0 0 207529 207529 17439 17439 9874 9874 15739 15739 8243 8243 3413 3413 43747 43747 81026 72809 8217 0 10111 10111 4001 4001 5793 5793 4166 4166 8370 8370 0 0 0 0 424451 364117 60334 0 124325 92901 76975 328458 0 0 0 0 41848 8370 13034 33478 65584057 58841157 0 0 0 0 65798391 59295994 22666979 9402400 0 2412353 0 0 717014 561918 23383993 12376671 X 35422294 0 6992104 46919323 42414398 46919323 65798391 59295994 X 2543544 2591034 -629653 X false true true false X X X 1 LETOURNEAU UNIVERSITY 751081109 2 true 5000 359117 1 5000 359117 true false false false false false false false false false false false false false false true false 37458704 1194746 3499596 1420112 137573 40595361 27831294 6984113 3923178 766761 513120 37458704 25621543 1715155 1953610 950079 508935 27831294 28532915 2216191 -4220285 893664 13614 25621543 22868311 605168 5936087 838445 38206 28532915 0.02 0.9315 0.0485 false false 41848 8370 33478 33478 Federal Income Taxes Annuities and Trusts Payable 561918 561918 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part V, Line 4 Intended uses of endowment funds THE ENDOWMENT FUNDS ARE HELD EXCLUSIVELY FOR THE BENEFIT OF LETOURNEAU UNIVERSITY. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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. X X false false false false false false false false false Thomas E Bevan President 151188 0 0 0 0 0 0 0 0 0 151188 0 0 0 Steven D Mason President (CEO) 0 314566 0 12336 0 62500 0 23000 0 10664 0 423066 0 0 Form 990, Part VI, Line 7a Members or stockholders electing members of governing body A MAJORITY OF THE BOARD MEMBERS ARE APPOINTED BY LETOURNEAU UNIVERSITY, ACTING THROUGH ITS TRUSTEES, OR A COMMITTEE OF PERSONS DELEGATED SUCH AUTHORITY BY THE TRUSTEES. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders LETOURNEAU UNIVERSITY TRUSTEE REPRESENTATION ON THE FOUNDATION BOARD OF DIRECTORS SERVES AS THE UNIVERSITY'S VOICE ON ALL GOVERNANCE DECISIONS OF THE FOUNDATION. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY THE ORGANIZATION'S CONTROLLER AND THEIR INDEPENDENT ACCOUNTING FIRM. THE FORM IS THEN REVIEWED BY MANAGEMENT. A COPY IS PROVIDED TO THE FULL BOARD BEFORE SUBMISSION TO THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED ANNUALLY BY ALL BOARD MEMBERS AS WELL AS EXECUTIVE STAFF EMPLOYEES AND ALL EMPLOYEES WITH SIGNIFICANT PURCHASING AUTHORITY. ALL WRITTEN NOTICES OF DISCLOSURES ARE REVIEWED BY MANAGEMENT. ALL DISCLOSURES OF REAL OR APPARENT CONFLICT OF INTEREST SHALL BE COMMUNICATED TO THE BOARD OF DIRECTORS. AN EMPLOYEE WHO BELIEVES THAT HE OR SHE OR A MEMBER OF HIS OR HER FAMILY MIGHT HAVE A REAL OR APPARENT CONFLICT OF INTEREST MUST ABSTAIN FROM: PARTICIPATING IN DISCUSSIONS OR DELIBERATIONS WITH RESPECT TO THE SUBJECT OF THE CONFLICT, USING HIS OR HER PERSONAL INFLUENCE TO AFFECT DELIBERATIONS, MAKING MOTIONS, VOTING, EXECUTING AGREEMENTS, OR TAKING SIMILAR ACTIONS ON BEHALF OF THE ORGANIZATIONS WHERE THE CONFLICT OF INTEREST MIGHT PERTAIN. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE PRESIDENT'S (CEO) COMPENSATION IS DETERMINED IN COLLABORATION BETWEEN THE GOVERNING BODIES OF THE FOUNDATION AND LETOURNEAU UNIVERSITY. THE GOVERNING BODIES USE COMPARABILITY DATA AND AMOUNTS ARE DELIBERATED AND RECORDED IN THE MINUTES. Form 990, Part VI, Line 19 Required documents available to the public THE LETOURNEAU UNIVERSITY FOUNDATION KEEPS ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ON SITE AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Miscellaneous - Total Revenue: 70623, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 70623; Form 990, Part IX, Line 11g Other Fees Other Fees - Total Expense: 81026, Program Service Expense: 72809, Management and General Expenses: 8217, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Split Interest Agreement - 88676; Transfers to University - -718329; Total - -629653; LETOURNEAU UNIVERSITY PO BOX 7001 LONGVIEW TX 75607 751081109 SCHOOL TX 501(c)(3) 2 NA false CHARITABLE REMAINDER TRUSTS (4) CHARITABLE TR TX Trust RG RESEARCH AND DEVELOPMENT INC 2100 SOUTH MOBBERLY AVENUE LONGVIEW TX 75602 921045834 SUPPORT TX LETU C Corporation false false true false false false false false false false false false false false true true false false true true