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Indiana · Nonprofit

THE LUTHERAN UNIVERSITY ASSOCIATION INC

THE LUTHERAN UNIVERSITY ASSOCIATION INC (Indiana) receives grants from 68 organizations whose IRS filings report $24,355,193 to it, the largest being LILLY ENDOWMENT INC ($13,437,821). 46 of them have funded it in more than one year.

Revenue FY2025
$188M
Funders on record
68
Grants received
$24M
Net assets
$442M
46/68 repeat funderspeak grant-dependency 4%
01What it does

What The Lutheran University Association Inc does

Mission

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.

As stated on its FY2025 Form 990.

Programs

  1. 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…

    $146,353,503 spentof which $74,468,131 as grants$108,804,212 earned by the program
    77% of program spending
  2. 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.

    $35,188,708 spent$18,865,229 earned by the program
    18% of program spending
  3. 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.

    $8,667,626 spentof which $779,928 as grants$11,495,988 earned by the program
    5% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $190,209,837.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($209M) Expenses 100 ($201M) Net assets 100 ($428M)2018 Revenue 95 ($199M) Expenses 102 ($205M) Net assets 100 ($429M)2019 Revenue 92 ($192M) Expenses 108 ($217M) Net assets 99 ($423M)2020 Revenue 92 ($193M) Expenses 102 ($205M) Net assets 96 ($409M)2021 Revenue 95 ($198M) Expenses 94 ($189M) Net assets 118 ($507M)2022 Revenue 93 ($195M) Expenses 103 ($206M) Net assets 109 ($467M)2023 Revenue 79 ($165M) Expenses 94 ($189M) Net assets 105 ($450M)2024 Revenue 80 ($167M) Expenses 97 ($195M) Net assets 102 ($435M)2025 Revenue 90 ($188M) Expenses 100 ($201M) Net assets 103 ($442M)
'17'18'19'20'21'22'23'24'25
Revenue (90)Expenses (100)Net assets (103)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $578M to $674M (+17%).

$580M
$594M
$585M
$578M
$674M
$643M
$612M
$603M
$607M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 1% · 2018 2% · 2019 2% · 2020 4% · 2021 5% · 2022 9% · 2023 6% · 2024 7% · 2025 8%. Grants only. Government contracts and fees sit inside program revenue.

13% of THE LUTHERAN UNIVERSITY ASSOCIATION INC’s revenue is contributions — about as donation-reliant as the typical peer (14% for the typical peer).

This organization
Typical peer · 732 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 7 of the last 9 reported years ran a deficit.

$7.7M
’17
−$6.2M
’18
−$26M
’19
−$12M
’20
$8.6M
’21
−$12M
’22
−$24M
’23
−$28M
’24
−$14M
’25
1.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Robert Hansen Jr

Board chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed444242404339444140
Joined·+6+9+40+10+6+15+6+8
No longer listed·89427101099
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 14 funders to 34 funders, grant income rose $834k → $3.0M.

28 of 68 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 25% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $634k from 2 payers (the payer shares this organization's board, largest Thrivent Financial for Lutherans). These are real filings, and they are not money THE LUTHERAN UNIVERSITY ASSOCIATION INC raised.

From the IRS filings of THE LUTHERAN UNIVERSITY ASSOCIATION INC’s funders (the co-funder graph). Top 30 of 68 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE LUTHERAN UNIVERSITY ASSOCIATION INC leans on a few funders — its largest provides 55% of grant income and the top three 70%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

43% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE LUTHERAN UNIVERSITY ASSOCIATION INC.

55%
largest funder
70%
top three
~3
effective funders

Largest funder’s share by year: 2017 40% · 2018 75% · 2019 24% · 2020 57% · 2021 71% · 2022 73% · 2023 51% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

51% of THE LUTHERAN UNIVERSITY ASSOCIATION INC's funders are still giving 3 years after their first grant; 68% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

87% of THE LUTHERAN UNIVERSITY ASSOCIATION INC's grant income comes from Indiana funders.

IL
WI
MI
NY
OR
IN
OH
PA
NJ
CT
CA
MO
VA
TN
NC
DC
OK
TX

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Indiana out of state home

Funder states come from each funder’s own filing. $6.0M arriving through sponsors registered in 17 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THE LUTHERAN UNIVERSITY ASSOCIATION INC's funding base is broadening — from 14 funders to 34 as grant income climbed.

Operating margin−7% · bottom quartile
Months of reserve1.0mo · below the median
Revenue growth (annualized)−1% · bottom quartile

this organization peer median middle 50% of peers· 684 education nonprofits over $100M, FY2025

Government funding THE LUTHERAN UNIVERSITY ASSOCIATION INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $23.2M on record.

Federal$23.2M
grants $23.2Mcontracts $0
17
18
19
20
21
22
23
24
Top agencies
  • Department of Education$15.6M
  • National Science Foundation$4.2M
  • Department of Health and Human Services$1.9M
  • Department of Energy$1.3M
  • National Endowment for the Humanities$100k
  • Department of the Treasury$64k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like THE LUTHERAN UNIVERSITY ASSOCIATION INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

94% of spending goes to programs.

Program 94%Management 4%Fundraising 2%

Governance

28
board members
93%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

IN

Part of a family of 3 related entities

  • Vu Int'L Collaboration LLC · disregarded
  • Avro LLC · disregarded
  • Independent Colleges of Indiana Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for THE LUTHERAN UNIVERSITY ASSOCIATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE LUTHERAN UNIVERSITY ASSOCIATION INC?
THE LUTHERAN UNIVERSITY ASSOCIATION INC (Indiana) receives grants from 68 organizations whose IRS filings report $24,355,193 to it, the largest being LILLY ENDOWMENT INC ($13,437,821). 46 of them have funded it in more than one year.
How many funders does THE LUTHERAN UNIVERSITY ASSOCIATION INC have?
IRS filings report 68 organizations giving $24,355,193 in grants to THE LUTHERAN UNIVERSITY ASSOCIATION INC, 46 of which have funded it in more than one year.
Who is the largest funder of THE LUTHERAN UNIVERSITY ASSOCIATION INC?
LILLY ENDOWMENT INC is the largest funder on record, with $13,437,821 in grants. The full list of funders is on this page.
How can an organization like THE LUTHERAN UNIVERSITY ASSOCIATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 68 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing