Letourneau University
82% goes to programs $5 to raise $100 Strong reserves Growing revenue
Letourneau University is a 501(c)(3) organization based in Longview, Texas, registered in 1962, with $123,878,799 in FY2024 revenue. CharityIndex grades it A, and it directs about 82% of spending to programs.
2100 S Mobberly Ave, Longview, TX, 75602 EIN 75-1081109 Since 1962
Revenue (FY2024)
$123.9M
▲ 19.2% vs prior year
Education median: $200K
Expenses (FY2024)
$83.8M
Net assets
$144.3M
Employees
1,387
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating82% to programs · $5 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Letourneau University: 82% to programs · $5 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +32% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Letourneau University: 21 mo reserves · +32% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Letourneau University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Letourneau University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Letu is a private, interdenominational, evangelical christian institution of more than 3,000 students claiming every workplace and every nation as its mission field.
What they do
The university provides auxiliary services that support and enhance the oncampus student experience, including residential housing, meal plans, dining services, and related student support activities. these services contribute to student retention, campus life, and a comprehensive learning environment.
Contact & location
- Address
- 2100 S Mobberly Ave, Longview, TX, 75602
- City
- Longview
- State
- Texas
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $64.2M (FY2013) to $123.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $13.9MNet assets $144.3M
Operating margin
32.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$158.2M
Total liabilities
$13.9M
Net assets
$144.3M
Salaries & benefits
$33.5M
40% of expenses
Board members
27
26 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $123,878,799▲19.2% | $83,804,323▲7.2% | $144,261,991▲3.8% | $158,161,808▲3.4% | 990 |
| 2023 | $103,959,093▲31.2% | $78,140,010▲6.0% | $138,992,854▲15.9% | $152,992,879▲17.0% | 990 |
| 2022 | $79,233,946▲1.9% | $73,721,920▲0.3% | $119,934,034▲7.6% | $130,732,216▲3.7% | 990 |
| 2021 | $77,785,624▲7.0% | $73,467,383▲7.1% | $111,463,321▼1.2% | $126,085,853▼0.1% | 990 |
| 2020 | $72,692,302▲9.9% | $68,569,955▼1.3% | $112,840,579▲9.0% | $126,204,892▲6.7% | 990 |
| 2019 | $66,156,893▲0.7% | $69,469,169▼1.1% | $103,494,866▼2.5% | $118,292,663▼3.7% | 990 |
| 2018 | $65,666,009▼1.7% | $70,237,666▲3.0% | $106,171,494▼4.5% | $122,880,917▼5.5% | 990 |
| 2017 | $66,811,629▲4.3% | $68,192,489▲3.3% | $111,169,157▼1.3% | $130,093,829▼2.8% | 990 |
| 2016 | $64,072,432▼5.9% | $65,988,543▼2.7% | $112,621,351▼1.4% | $133,830,383▼3.7% | 990 |
| 2015 | $68,060,097▲1.2% | $67,823,466▼0.2% | $114,166,129▲0.4% | $138,915,436▼0.4% | 990 |
| 2014 | $67,233,693▲4.6% | $67,974,552▲7.5% | $113,758,122▼0.9% | $139,523,677▼2.8% | 990 |
| 2013 | $64,249,565 | $63,233,729▼1.0% | $114,809,819▲2.1% | $143,521,641▼0.2% | 990 |
| 2012 | — | $63,875,920▲4.1% | $112,474,961▲2.8% | $143,794,917▲7.1% | 990 |
| 2011 | — | $61,335,438▲0.7% | $109,423,161▲6.5% | $134,310,382▲4.1% | 990 |
| 2010 | — | $60,911,227▲5.5% | $102,757,648▲14.6% | $128,981,419▲15.7% | 990 |
| 2009 | — | $57,752,341 | $89,664,085 | $111,519,020 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Dale A Lunsford — $418,531 (0.50% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dale A Lunsford | Former Chancellor, Advisor Ended: 12/25 | 60 | $418,531 |
| Steven D Mason | President | 59 | $389,402 |
| Benjamin W Caldwell | Provost | 60 | $178,467 |
| Michael J Mcginnis | Dean of Engineering & Technology | 60 | $166,173 |
| Donald K Egle | Vp of Enrollment, Markteting, & Communication | 60 | $155,926 |
| Terry A Zeitlow | Vp of Devopment | 60 | $145,195 |
| Lori Beaty | Vp of Finance and Admin/cfo | 60 | $140,588 |
| Kristina Elmore | Avp For Development | 60 | $125,412 |
| Kristy J Morgan | Vp of Student Affairs | 60 | $120,238 |
| Alan Cumming | Trustee Start: 11/24 | 3 | — |
| Bob Walker | Trustee | 3 | — |
| Curt Fitchett | Trustee | 3 | — |
| Cy Oatridge | Trustee | 3 | — |
| Dan Difrancesco | Trustee | 3 | — |
| David Canche | Trustee Start: 11/24 | 3 | — |
| Doug Douglas | Trustee | 3 | — |
| Eugene Frost | Trustee | 3 | — |
| Henry Parrish | Trustee Start: 11/24 | 3 | — |
| Howard Wilson | Trustee Start: 11/24 | 3 | — |
| James Nolt | Trustee | 3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Transet Co | General Contractor | $10,214,311 |
| Bon Appetit Management Corporation | Food Service Provider | $3,192,964 |
| Hopkins Custom Roofing | Roofing Contractor | $1,050,000 |
| Textron Aviation Inc | Aviation Maintenance | $950,868 |
| Ellucian Company LLC | Cloud Erp Software Services | $880,959 |
Grants received · $7.9M total
83 grants to Letourneau University totaling $7.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Greater Houston Community Foundation | Educational | 2024 | $1,010,000 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $783,000 |
| American Online Giving Foundation Inc | General support | 2024 | $45,178 |
| American Endowment Foundation | Educational | 2024 | $33,822 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $26,000 |
| American Gift Fund | Operations | 2024 | $16,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $13,658 |
| Greater Houston Community Foundation | Educational | 2023 | $1,010,000 |
| National Christian Charitable Foundation | Growth | 2023 | $441,500 |
| Donor Advised Charitable Giving | Education | 2023 | $149,700 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $88,950 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $25,000 |
| American Online Giving Foundation Inc | General support | 2023 | $22,734 |
| National Philanthropic Tr | Human services | 2023 | $20,500 |
| National Christian Charitable Foundation | Growth | 2022 | $528,500 |
Grants made · $173K in FY2020
1 grant totaling $173K in FY2020. All grants made by Letourneau University →
| Recipient | Purpose | Amount |
|---|---|---|
| Letourneau University Foundation | General support | $172,772 |
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Frequently asked questions
- Is Letourneau University a legitimate nonprofit?
- Yes. Letourneau University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-1081109, based in Longview, Texas. Donations are tax-deductible.
- What is Letourneau University's EIN?
- Letourneau University's Employer Identification Number (EIN) is 75-1081109.
- How much revenue does Letourneau University report?
- Letourneau University reported $123,878,799 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Letourneau University's spending goes to programs?
- Letourneau University spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Letourneau University have?
- CharityIndex grades Letourneau University A, based on program efficiency and fundraising cost.
- How much does Letourneau University's highest-paid employee make?
- The highest reported compensation on Letourneau University's latest Form 990 is $418,531, paid to Dale A Lunsford (Former Chancellor, Advisor Ended: 12/25).
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Data for Letourneau University (EIN 75-1081109) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.