Nonprofit · EIN 83-2155629
LETOURNEAU UNIVERSITY FOUNDATION
Tax-exempt · LONGVIEW, TX 75602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,967,995 | $424,451 | $2,543,544 | $59,295,994 | $12,376,671 | $46,919,323 |
| June 30, 2024 | 990 | $2,402,098 | $978,804 | $1,423,294 | $65,798,391 | $23,383,993 | $42,414,398 |
| June 30, 2023 | 990 | $998,609 | $667,234 | $331,375 | $34,086,293 | $2,804,817 | $31,281,476 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,740
- Program service revenue
- $408,523
- Investment income
- $2,484,109
- Net gain from sales of assets
- $516,496
- Other revenue
- $70,623
Expenses
- Grants and similar amounts paid
- $5,000
- Other salaries and wages
- $207,529
- Salaries, compensation and benefits (total)
- $250,581
- Professional fundraising fees
- $0
- Legal fees
- $8,243
- Accounting fees
- $3,413
- Occupancy
- $5,793
- Travel
- $4,166
- Depreciation
- $8,370
- Program services (functional)
- $364,117
- Management and general (functional)
- $60,334
Balance sheet and other
- Total assets, start of year
- $65,798,391
- Total assets, end of year
- $59,295,994
- Total liabilities, end of year
- $12,376,671
- Net assets, end of year
- $46,919,323
- Land, buildings and equipment
- $33,478
- Publicly traded securities
- $58,841,157
- Net assets with donor restrictions
- $46,919,323
- Gross receipts
- $15,357,299
- Employees
- 2
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Steven D Mason | President (CEO) Trustee or director | 1 | $0 | $389,402 | $33,664 |
| Thomas E Bevan | President Trustee or director, Officer | 50 | $151,188 | $0 | $0 |
| Bob Walker | Board Vice Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Dan DiFrancesco | Board Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jim Mauldin | Secretary/Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Larry Mercer | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ray Baumer | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR STEVEN MASON | PRESIDENT, LETOURNEAU UNIV. Trustee or director | 1 | $0 | $348,065 | $24,611 |
| THOMAS E BEVAN | PRESIDENT (CEO) Trustee or director, Officer | 50 | $147,500 | $0 | $24,871 |
| BOB WALKER | BOARD VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DANIEL DIFRANCESCO | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM MAULDIN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN ROSS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KENNETH MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LARRY MERCER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROGER KIEFFER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR STEVEN MASON | PRESIDENT, LETOURNEAU UNIV. Trustee or director | 1 | $0 | $348,065 | $23,694 |
| Thomas E Bevan | President (CEO) Trustee or director, Officer | 50 | $112,500 | $0 | $10,125 |
| Daniel Difrancesco | Board Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Kenneth Moore | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Jim Mauldin | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Bob Walker | BOARD VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROGER KIEFFER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN ROSS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LARRY MERCER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2100 S MOBBERLY AVE, LONGVIEW, TX 75602-3564
- In care of
- % SHARED LOCATION
- Principal officer (990 for 2024)
- THOMAS E BEVAN, 2100 South Mobberly Ave, Longview, TX 75602
- Signed the 990
- Thomas E Bevan, President
- Phone
- (903) 233-4110
- Return prepared by
- Forvis Mazars LLP
Mission
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.
Program accomplishments
- 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.Expenses $364,117 · grants $5,000 · revenue $408,523
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 83-2155629
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $59,295,994
- Income (IRS master file)
- $15,357,299
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,967,995 | $424,451 | $59,295,994 | XML |
| 990 | June 2024 | $2,402,098 | $978,804 | $65,798,391 | IRS |
| 990 | June 2023 | $998,609 | $667,234 | $34,086,293 | XML |
| 990 | June 2022 | $3,412,001 | $484,916 | $30,343,194 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-2155629).
Questions about LETOURNEAU UNIVERSITY FOUNDATION
- What is the EIN of LETOURNEAU UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of LETOURNEAU UNIVERSITY FOUNDATION is 83-2155629.
- Is LETOURNEAU UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to LETOURNEAU UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does LETOURNEAU UNIVERSITY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LETOURNEAU UNIVERSITY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LETOURNEAU UNIVERSITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LETOURNEAU UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names THOMAS E BEVAN.
- Who are the officers and directors of LETOURNEAU UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization.
- How much revenue does LETOURNEAU UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,967,995, expenses of $424,451 and total assets of $59,295,994 at year end.
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