2024-04-12T18:51:12-05:00 2023-05-31 PwC US Tax LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2022-06-01 951643334 LOYOLA MARYMOUNT UNIVERSITY % AIMEE UEN LOYO 3103382714 1-LMU DRIVE U-HALL LOS ANGELES CA 90045 AIMEE UEN SVP/CFO 3103382738 2024-04-12 true AIMEE UEN 999009999 TRAVIS L PATTON P00369623 6175305000 2024-04-12 3 2022 2023-04-26 12:10:37Z MR TIMOTHY LAW SNYDER PRES 1-LMU DRIVE U-HALL 4900 LOS ANGELES CA 90045 766999536 false X WWW.LMU.EDU X 1918 CA SEE SCHEDULE O 40 39 6773 1 4182065 350923 60300695 67759740 553313747 590614531 110430236 21380134 -172062 91531 723872616 679845936 159166515 154675410 0 0 261035109 275203303 0 0 13309300 144425062 170127891 564626686 600006604 159245930 79839332 1676232440 1718725480 381859743 361913034 1294372697 1356812446 X SEE SCHEDULE O false false 514300809 154675410 590614531 SEE SCHEDULE O 514300809 true true false true false false false true true true true true false false true false true false true true true true true false true false false true true true true false false false false false true false false true false true true false false false true true true false false true 915 0 true 6773 true true true false false false false true true false false false false false false X 40 39 false false false false false false false true true false false true true true true true true true true false CA X X AIMEE UEN 3103381902 1 LMU DR U-HALL 4900 LOS ANGELES CA 900452659 X TIMOTHY LAW SNYDER PRESIDENT/TRUSTEE 40.0 0.0 X X 925022 0 250969 STANTON B JOHNSON III MEN'S BASKETBALL COACH 40.0 0.0 X 772941 0 65538 PETER WILCH SVP UNIV ADV 40.0 0.0 X 463449 0 150332 MICHAEL E WATERSTONE SVP AND DEAN LLS 40.0 0.0 X 517867 0 67315 THOMAS POON EVP & PROVOST 40.0 0.0 X 456953 0 74142 DAYLE M SMITH DEAN COLLEGE OF BUSINESS ADMIN 40.0 0.0 X 464055 0 60772 CRAIG PINTENS ATHLETICS DIRECTOR 40.0 0.0 X 444140 0 59827 EVELYNNE B SCARBORO EVP & CAO 40.0 0.0 X 422490 0 52657 BRYANT ALEXANDER DEAN, COLLEGE OF FINE ARTS 40.0 0.0 X 403563 0 42272 TINA CHOE DEAN, COLLEGE OF SCIENCE & ENG 40.0 0.0 X 396758 0 33372 MAUREEN P WEATHERALL VP OF ENROLLMENT MANAGEMENT 40.0 0.0 X 325085 0 61086 AIMEE UEN SVP & CFO 40.0 0.0 X 322941 0 41942 JOHN KIRALLA SVP MARCOMM 40.0 0.0 X 290841 0 60754 REBECCA L CHANDLER VP FOR HUMAN RESOURCES 40.0 0.0 X 283538 0 32376 MICHAEL WONG VP CAMPUS OPERATIONS 40.0 0.0 X 216141 0 50831 THOMAS O FLEMING JR Former CFO & TREASURER 40.0 0.0 X 169544 0 50591 KAWANNA LEGGETT SVP STUDENT AFFAIRS 40.0 0.0 X 211289 0 1107 KRISTINE WADE FORMER INT. SVP UNIV ADV 40.0 0.0 X 144586 0 30557 GAIL K BERNSTEIN TRUSTEE 1.0 0.0 X 0 0 0 RHONDA M BETHEA TRUSTEE 1.0 0.0 X 0 0 0 IRMA J BROWN TRUSTEE 1.0 0.0 X 0 0 0 ALEX MARTIN CHAVES TRUSTEE 1.0 0.0 X 0 0 0 SCOTT COBLE SJ TRUSTEE 1.0 0.0 X 0 0 0 KRISTI V FREY TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL J GARANZINI SJ TRUSTEE 1.0 0.0 X 0 0 0 MARY GENINO RSHM TRUSTEE 1.0 0.0 X 0 0 0 D SCOTT HENDRICKSON SJ TRUSTEE 1.0 0.0 X 0 0 0 MARYANNE HUEPPER CSJ TRUSTEE 1.0 0.0 X 0 0 0 HENRY K JORDAN TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL J MANDELBAUM TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN M MOSKO TRUSTEE 1.0 0.0 X 0 0 0 JANICE A PIPKIN TRUSTEE 1.0 0.0 X 0 0 0 NORMA A PROVENCIO TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL R STEED TRUSTEE 1.0 0.0 X 0 0 0 JULIE TEEL TRUSTEE 1.0 0.0 X 0 0 0 JOAN TREACY RSHM TRUSTEE 1.0 0.0 X 0 0 0 PAUL S VIVIANO BOARD CHAIR 1.0 0.0 X X 0 0 0 MICHAEL A ZAMPELLI SJ TRUSTEE 1.0 0.0 X 0 0 0 MICHELLE X DEAN TRUSTEE 1.0 0.0 X 0 0 0 BRIAN S KABATECK TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN A PRIVETT SJ TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL M RUE TRUSTEE 1.0 0.0 X 0 0 0 JAMES S WHITEHEAD TRUSTEE 1.0 0.0 X 0 0 0 EDWARD J SIEBERT SJ TRUSTEE/SECRETARY 1.0 0.0 X X 0 0 0 HELEN LAWRENCE TRUSTEE 1.0 0.0 X 0 0 0 George C FATHEREE III TRUSTEE 1.0 0.0 X 0 0 0 MARY BETH INGHAM CSJ TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL B SMITH TRUSTEE 1.0 0.0 X 0 0 0 MARY ANN WALKER TRUSTEE 1.0 0.0 X 0 0 0 Aaron E Banks MD TRUSTEE 1.0 0.0 X 0 0 0 Thomas Patrick Beck TRUSTEE 1.0 0.0 X 0 0 0 STUART A LINER JD TRUSTEE 1.0 0.0 X 0 0 0 THOMAS M MCGEE TRUSTEE 1.0 0.0 X 0 0 0 SUSAN F MOLEY TRUSTEE 1.0 0.0 X 0 0 0 TRAVIS D RUSSEL SJ TRUSTEE 1.0 0.0 X 0 0 0 GILBERT SUNGHERA SJ TRUSTEE 1.0 0.0 X 0 0 0 BRIANA J ZELAYA TRUSTEE 1.0 0.0 X 0 0 0 7231203 0 1186440 602 true true false RPM Construction Management Inc 2785 Pacific Coast Hwy 806 TORRANCE CA 90505 CONSTRUCTION MGMT 5426726 Allied Universal Security Services PO Box 31001-2374 PASADENA CA 91110 SECURITY 1833392 WARNER CORPORATION 6533 SAN FERNANDO RD GLENDALE CA 91201 CONSTRUCTION MGMT 3421810 MTI BUILDERS 25060 AVENUE STANDFORD 120 VALENCIA CA 91355 CONSTRUCTION MGMT 1933858 W E O'NEIL CONSTRUCTION 909 S SEPULVEDA BLVD 400 EL SEGUNDO CA 90245 CONSTRUCTION MGMT 1561659 18 11455977 56303763 2119025 67759740 TUITION AND FEES 900099 520386684 520386684 AUXILIARY 900099 59913643 57348755 2564888 CONSULTING 541611 2418241 2418241 TICKET SALES 900099 910948 910948 STUDY ABROAD FEES 611710 1477546 1477546 5507469 5507469 590614531 11243841 734300 10509541 0 90661 90661 1589134 1663901 -74767 0 -74767 -74767 95586115 85449822 10136293 10136293 882877 9253416 115514 39877 75637 75637 0 0 0 0 0 0 0 679845936 588049643 4182065 19854488 359703 359703 153999471 153999471 316236 316236 0 5458281 194126 4436623 827532 477345 0 477345 205258297 174859891 23123385 7275021 15218260 12459227 2187962 571071 34187174 28337000 4538567 1311607 14603946 12104891 1938768 560287 0 0 0 0 1595371 1578476 16895 689393 689393 0 0 1003486 1003486 21604773 16423699 4591426 589648 3360282 2199251 1121249 39782 4225102 2877939 1076525 270638 14932876 7062414 7764409 106053 0 25555669 20779989 4674723 100957 8576348 7880167 428537 267644 0 14723358 11356506 2250050 1116802 12122043 9389254 2732789 0 29822002 27253171 2568831 4171436 2423012 1746568 1856 STUDENT WORK 10205621 8584188 1552658 68775 INSTRUCTIONAL SUPPLIES 546754 535333 11077 344 BOOKS & PERIODICALS 2565495 2559767 5280 448 AWARDS & PRIZES 3213963 3188434 25230 299 11213919 9157140 1873138 183641 600006604 514300809 72396495 13309300 136767039 161855409 0 0 27467649 30846296 14031332 12530851 165000 125000 0 0 7431365 6842355 0 0 16168042 15286893 1246417933 509572625 721166699 736845308 173715459 165411773 536927402 552924336 17985641 15628282 0 0 24406812 20428977 1676232440 1718725480 130440601 119160867 0 0 28740599 31761653 137034077 128433247 1188345 1140861 0 0 0 0 0 0 84456121 81416406 381859743 361913034 X 786557946 829128029 507814751 527684417 1294372697 1356812446 1676232440 1718725480 79839332 -15713483 -1686100 X false true X true true true X 43269358 38677933 46366314 60300695 67759739 256374039 0 0 0 0 43269358 38677933 46366314 60300695 67759739 256374039 8350713 248023326 8058587 9180755 7456092 10071329 12923636 47690399 0 313373 32000 0 0 0 345373 304409811 2593185219 0.81477 0.83308 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false false false false true 5286 false false 5286 false LOBBYING ACTIVITIES THE UNIVERSITY'S LOBBYING EFFORTS INCLUDE, THROUGH THE USE OF PAID STAFF AND VOLUNTEERS, ACTIVITIES THAT ARE FOCUSED ON FORENSIC SCIENCE IN CRIMINAL CONVICTIONS, EQUITY IN STATE EDUCATION FUNDING, AND EDUCATION OF DETAINED YOUTH AT THE LOCAL AND STATE LEVEL. X X X false false true 637302709 38525600 4573898 11215551 16159773 1132000 651894883 623507709 14955000 25406000 10329729 15436271 800000 637302709 477020531 14471253 156883795 9769212 14598658 500000 623507709 476198004 11820599 8260442 9037905 9420609 800000 477020531 477551820 16893174 4246396 6928842 14648544 916000 476198004 0.47800 0.37400 0.14800 false false 27533141 45724842 73257983 24592367 652602750 199207087 477988030 57308688 41425518 15883170 150671591 142499705 8171886 287984554 126440315 161544239 736845308 COMMINGLED FUNDS 174350395 F ALTERNATIVE INVESTMENT FUNDS 375440241 F REAL ESTATE AND OTHER 3133700 F 552924336 0 US GOVERNMENT GRANTS REFUNDABLE 4061198 ASSETS HELD FOR OTHERS 1117358 LOAN FUNDS RETURNABLE TO DONOR 1169687 TAXABLE BONDS 58008855 LEASE LIABILITY 17059308 81416406 512798975 -15713484 5701816 -10011668 522810643 2719586 154315707 157035293 679845936 450359227 5701816 5701816 444657411 1033486 154315707 155349193 600006604 FORM 990, SCHEDULE D, PART III, LINE 1A THE UNIVERSITY HAS ADOPTED SFAS NO. 116 - DISCLOSURE REQUIREMENTS. ASSETS DETERMINED TO BE A COLLECTION OR WORKS OF ART MAY NOT BE INCLUDED IN REVENUES OR GAINS IF THEY ARE NOT CAPITALIZED. THE CAPITALIZATION OF COLLECTIONS IS OPTIONAL. FORM 990, SCHEDULE D, PART III, LINE 4 THE UNIVERSITY MAINTAINS A NUMBER OF ART COLLECTIONS WHICH ARE DESCRIBED IN GREAT DETAIL ON THE UNIVERSITY'S WEBSITE: HTTP://LIBRARY.LMU.EDU/ARCHIVESANDSPECIALCOLLECTIONS/. ART AND COLLECTIONS ARE AVAILABLE FOR PUBLIC EXHIBITION AND ARE PRIMARILY USED FOR EDUCATIONAL PURPOSES. FORM 990, SCHEDULE D, PART IV, LINE 2B THE UNIVERSITY SERVES AS TRUSTEE FOR ONE CHARITABLE REMAINDER TRUST AND MAINTAINS THE ASSETS AND CORRESPONDING RESERVE LIABILITIES ON THE BALANCE SHEET. SIMILARLY, THE UNIVERSITY HAS A NUMBER OF ANNUITIES WHERE THE ASSETS AND CORRESPONDING RESERVE LIABILITIES ARE ON THE BALANCE SHEET. FORM 990, SCHEDULE D, PART V, LINE 4 THE OVERALL PURPOSE OF THE ENDOWMENT FUND IS TO PROVIDE A RELATIVELY PREDICTABLE, STABLE, AND CONSISTENT RETURN SUFFICIENT TO MEET A PORTION OF THE SPENDING NEEDS OF THE UNIVERSITY. THE ENDOWMENT FUNDS HAVE BEEN ESTABLISHED TO PROVIDE FUNDING FOR ACTIVITIES THAT SUPPORT THE UNIVERSITY'S EDUCATIONAL MISSION. FORM 990, SCHEDULE D, PART X, LINE 2 THE UNIVERSITY'S FINANCIAL STATEMENTS DO NOT REPORT ANY UNCERTAIN TAX POSITIONS. SCHEDULE D, PART XI, LINE 2D POST RETIREMENT ADJUSTMENT $5,701,816 SCHEDULE D, PART XI, LINE 4B SCHOLARSHIPS $154,315,707 SCHEDULE D, PART XII, LINE 2D POST RETIREMENT ADJUSTMENT $5,701,816 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $154,315,707 true true false true true true true false false false false false false false false true false true FORM 990, SCHEDULE E, LINE 3 THE NON-DISCRIMINATION POLICY IS ACCESSIBLE VIA THE UNIVERSITY'S WEBSITE AND IS INCLUDED IN UNIVERSITY PUBLICATIONS INCLUDING THE UNIVERSITY BULLETIN, RECRUITMENT MATERIALS, ADVERTISEMENTS (STUDENT, FACULTY, STAFF), AND OTHER RELATED MATERIALS. THE UNIVERSITY COMPLIES WITH THE PUBLICITY REQUIREMENTS OF SECTION 4.03 OF REV. PROC. 75-50 BECAUSE THE UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND WORLDWIDE, FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS, AND INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS IN ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. FORM 990, SCHEDULE E, LINE 6A THE UNIVERSITY RECEIVES ASSISTANCE FROM THE FOLLOWING STATE AND FEDERAL AGENCIES: 1. U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES 2. NATIONAL SCIENCE FOUNDATION 3. U.S. DEPARTMENT OF EDUCATION 4. U.S. DEPARTMENT OF AGRICULTURE 5. INSTITUTE OF MUSEUM AND LIBRARY SERVICES 6. U.S. DEPARTMENT OF JUSTICE 7. U.S. DEPARTMENT OF DEFENSE 8. U.S. DEPARTMENT OF VETERANS AFFAIRS 9. NATIONAL ENDOWMENT FOR THE HUMANAITIES true Central America and the Caribbean 0 0 Investments 168434838 Europe (Including Iceland and Greenland) 0 43 Program Services STUDY ABROAD 834619 Central America and the Caribbean 0 10 Program Services STUDY ABROAD 29935 East Asia and the Pacific 0 20 Program Services STUDY ABROAD 29318 North America 0 19 Program Services STUDY ABROAD 21495 South America 0 4 Program Services STUDY ABROAD 112297 South Asia 0 12 Program Services STUDY ABROAD 53303 Sub-Saharan Africa 0 6 Program Services STUDY ABROAD 76163 Europe (Including Iceland and Greenland) 0 0 Investments 5362261 0 114 0 114 174954229 174954229 SCHOLARSHIP FOR TUITION Europe (Including Iceland and Greenland) 148 235700 CR STUD ACCT SCHOLARSHIP FOR TUITION East Asia and the Pacific 4 4000 CR STUD ACCT SCHOLARSHIP FOR TUITION Middle East and North Africa 3 76536 CR STUD ACCT true false true true true false WINE CLASSIC 115514 115514 19437 4501 15939 0 115514 115514 19437 4501 15939 39877 75637 true CATHOLIC ARCHDIOCESES OF LOS ANGELES 3424 WILSHIRE BLVD LOS ANGELES CA 90010 951642382 501(C)(3) 15000 FMV NA TABLE SPONSORSHIP LOS ANGELES AREA CHAMBER OF COMMERCE 350 S BIXEL ST LOS ANGELES CA 90017 950947860 501(C)(6) 91000 FMV NA TABLE SPONSORSHIP WESTFLISCHE WILHELMS-UNIVERSITT (WWU) MNSTE SCHLOSSPL 2 MNSTER GM 48149 501(C)(3) 10000 FMV NA SPONSORSHIP TEACH FOR AMERICA 606 S OLIVE ST LOS ANGELES CA 90014 133541913 501(C)(3) 20000 FMV NA SPONSORSHIP 3 1 HEERF STUDENT AID 191 418490 SCHOLARSHIPS/GRANTS 7773 154216969 FORM 990, SCHEDULE I, PART I, LINE 2 THE UNIVERSITY AWARDS GRANTS/SCHOLARSHIPS ACCORDING TO UNIVERSITY POLICY. GRANTS AND SCHOLARSHIPS AWARDED TO STUDENTS ARE MONITORED BY MANAGEMENT. RECONCILIATION BETWEEN FINANCIAL AID AND ACCOUNTING ARE DONE ON A MONTHLY BASIS. FORM 990, SCHEDULE I, PART II THE UNIVERSITY OCCASIONALLY MAKES DONATIONS TO SECTION 501(C)(3) AND OTHER ORGANIZATIONS IN FURTHERANCE OF ITS EDUCATIONAL AND OTHER EXEMPT PURPOSES. FORM 990, SCHEDULE I, PART III SCHOLARSHIPS AND GRANTS ARE CREDITED TO STUDENT ACCOUNTS. CASH PAYMENTS AND CREDITS TO STUDENT ACCOUNTS ARE MADE FOR HEERF STUDENT AID. X X X X false true X X X false true false false false false false true true true THOMAS O FLEMING JR Former CFO & TREASURER 151152 0 18392 15298 35293 220135 0 THOMAS POON EVP & PROVOST 432192 0 24761 30623 43519 531095 0 EVELYNNE B SCARBORO EVP & CAO 399660 0 22830 30425 22232 475147 0 TIMOTHY LAW SNYDER PRESIDENT/TRUSTEE 837496 0 87526 148975 101994 1175991 62500 MAUREEN P WEATHERALL VP OF ENROLLMENT MANAGEMENT 290562 2500 32023 28975 32111 386171 0 KRISTINE WADE FORMER INT. SVP UNIV ADV 101895 0 42691 12815 17742 175143 0 DAYLE M SMITH DEAN COLLEGE OF BUSINESS ADMIN 428368 2500 33187 29327 31445 524827 0 PETER WILCH SVP UNIV ADV 421852 0 41597 110192 40140 613781 0 JOHN KIRALLA SVP MARCOMM 288217 0 2624 27849 32905 351595 0 MICHAEL WONG VP CAMPUS OPERATIONS 213045 0 3096 21248 29583 266972 0 STANTON B JOHNSON III MEN'S BASKETBALL COACH 705333 5000 62608 30223 35315 838479 0 REBECCA L CHANDLER VP FOR HUMAN RESOURCES 270177 6000 7361 26006 6370 315914 0 MICHAEL E WATERSTONE SVP AND DEAN LLS 514357 0 3510 29133 38182 585182 0 AIMEE UEN SVP & CFO 316334 6000 607 28975 12967 364883 0 BRYANT ALEXANDER DEAN, COLLEGE OF FINE ARTS 395792 5000 2771 28975 13297 445835 0 CRAIG PINTENS ATHLETICS DIRECTOR 373184 70000 956 28975 30852 503967 0 KAWANNA LEGGETT SVP STUDENT AFFAIRS 155000 0 56289 0 1107 212396 0 TINA CHOE DEAN, COLLEGE OF SCIENCE & ENG 365815 2500 28443 28975 4397 430130 0 FORM 990, SCHEDULE J, PART I, LINE 1A AND 1B SOCIAL CLUB DUES TWO OFFICERS RECEIVE SOCIAL CLUB DUES AND REIMBURSE THE UNIVERSITY FOR ANY PERSONAL USE. PAYMENT OF SOCIAL CLUB DUES FOR BUSINESS USE IS IN ACCORDANCE WITH UNIVERSITY POLICY. BUSINESS USE IS NON-TAXABLE TO THE INDIVIDUALS LISTED ABOVE IN ACCORDANCE WITH THE IRS ACCOUNTABLE PLAN RULES. CHARTER TRAVEL THE UNIVERSITY UTILIZES CHARTER TRAVEL ON OCCASION FOR ATHLETIC TEAMS AND FOR ASSOCIATED ATHLETIC STAFF AS PART OF THEIR OFFICIAL RESPONSIBILITIES. TWO HIGHEST COMPENSATED EMPLOYEES, ONE OFFICER AND TWO TRUSTEES UTILIZED SUCH CHARTER TRAVEL DURING CALENDAR 2022. THE VALUE OF SUCH TRAVEL WASNOT TREATED AS TAXABLE INCOME. TRAVEL FOR COMPANIONS THE UNIVERSITY PROVIDED TRAVEL REIMBURSEMENT FOR ONE OFFICER'S SPOUSE RELATED TO UNIVERSITY BUSINESS. THE BOARD OF TRUSTEES HAS APPROVED SPOUSAL TRAVEL FOR CERTAIN FUNDRAISING EVENTS IN WHICH THE SPOUSE IS ACTING AS AN AGENT FOR THE UNIVERSITY DURING THESE EVENTS. THESE REIMBURSEMENTS WERE NON-TAXABLE IN ACCORDANCE WITH THE IRS ACCOUNTABLE PLAN RULES. THE UNIVERSITY ALSO PROVIDED COMPANION TRAVEL IN CONNECTION WITH CHARTER TRAVEL FOR ATHLETIC TEAMS. TWO HIGHEST COMPENSATED EMPLOYEES AND TWO TRUSTEES UTILIZED COMPANION TRAVEL DURING CALENDAR 2022. THE VALUE OF SUCH TRAVEL WAS NOT TREATED AS TAXABLE INCOME. RESIDENCE FOR PERSONAL USE HOUSING IS PROVIDED TO THE CURRENT PRESIDENT IN PROXIMITY TO THE UNIVERSITY CAMPUS. THE VALUE OF HOUSING IS NOT REPORTED ON FORM W-2 AS TAXABLE INCOME AS THE PRESIDENT IS REQUIRED TO ACCEPT SUCH LODGING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE RENTAL VALUE OF THE PORTION OF THE PRESIDENT'S HOME THAT IS USED FOR PERSONAL PURPOSES IS INCLUDED AS A NONTAXABLE BENEFIT TO THE PRESIDENT AND IS REPORTED ON SCHEDULE J, PART II, COLUMN (D). HOUSING ALLOWANCE & RELOCATION EXPENSE TEMPORARY AND PERMANENT HOUSING ALLOWANCE AND RELOCATION EXPENSES MAY BE PROVIDED WHEN EXECUTIVES ARE HIRED AND ARE RELOCATING FROM OUTSIDE THE AREA. TEMPORARY AND PERMANENT HOUSING ALLOWANCES WERE PROVIDED DURING THE REPORTING PERIOD. TWO OFFICERS RECEIVED A TEMPORARY HOUSING ALLOWANCE AND RELOCATION EXPENSES. EACH ALLOWANCE IS TAXABLE IN ACCORDANCE WITH THE IRS ACCOUNTABLE PLAN RULES. ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED A HOUSING ALLOWANCE. EACH ALLOWANCE IS TAXABLE IN ACCORDANCE WITH THE IRS ACCOUNTABLE PLAN RULES. EXPENSES AND REIMBURSEMENTS FOR THE ABOVE NOTED ITEMS ARE REVIEWED AND APPROVED AS APPROPRIATE BY THE RELEVANT AUTHORITIES. WHILE THE UNIVERSITY DOES NOT HAVE A SEPARATE WRITTEN POLICY REGARDING PAYMENT AND REIMBURSEMENT FOR THOSE EXPENSES, THE UNIVERSITY POLICY FOR ALL REIMBURSEMENTS IS COMPREHENSIVE AND UNUSUAL EXPENSES, IF ANY, OR REIMBURSEMENT REQUESTS, IF ANY, WOULD BE EVALUATED. FORM 990, SCHEDULE J, PART I, LINE 4B STARTING IN 2019 THE PRESIDENT PARTICIPATED IN A DEFERRED COMPENSATION ARRANGEMENT UNDER WHICH AMOUNTS WILL BE DEFERRED ANNUALLY STARTING IN 2020 SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. STARTING IN 2021, AMOUNTS CREDITED UNDER THE ARRANGEMENT VEST INCREMENTALLY AT THE END OF EACH FISCAL YEAR AND BECOME PAYABLE INCREMENTALLY NO LATER THAN 2.5 MONTHS AFTER THE END OF EACH CALENDAR YEAR, WITH THE BALANCE VESTING IN 2025. IN 2022, A PAYMENT OF $62,500 WAS MADE. STARTING IN 2021, THE SENIOR VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT PARTICIPATED IN A DEFERRED COMPENSATION ARRANGEMENT UNDER WHICH AMOUNTS WILL BE DEFERRED ANNUALLY STARTING IN 2022 SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. STARTING IN 2023, AMOUNTS CREDITED UNDER THE ARRANGEMENT VEST INCREMENTALLY AT THE END OF EACH FISCAL YEAR AND BECOME PAYABLE INCREMENTALLY NO LATER THAN 2.5 MONTHS AFTER THE END OF EACH CALENDAR YEAR, WITH THE BALANCE VESTING IN 2027. FORM 990, SCHEDULE J, PART I, LINE 7 IN 2022, CERTAIN INDIVIDUALS WERE GRANTED DISCRETIONARY BONUSES FOR OUTSTANDING PERFORMANCE. FORM 990, SCHEDULE J, PART I, LINE 8 THE SENIOR VICE PRESIDENT FOR STUDENT AFFAIRS RECEIVED COMPENSATION SUBJECT TO THE INITIAL CONTRACT EXCEPTION IN 2022. A California Educational Facilities Authority 521705592 130179TA2 2019-09-17 63230762 TO CURRENT REFUND THE 2015 BONDS false false false B California Educational Facilities Authority 521705592 130179RE6 2018-11-07 64451816 TO FINANCE CAPITAL PROJECT COSTS false false false A 11740000 0 63230800 0 0 0 505813 0 0 0 62710000 14988 true false true true B 2845000 0 66053121 0 4000430 0 444863 0 0 61502686 0 105142 2021 false false false true A false true true true false 0.01300 0.00000 0.01300 false false false true B false true true true false 0.00000 0.00000 0.00000 false false 0.00000 false true A false true true false false false 0 false 0 false true B false true false false false false 0 false 0 false true A true B true COLUMN A: PART I(F) PROCEEDS OF THE BONDS FINANCED THE CURRENT REFUNDING OF THE BORROWER'S 2015 BONDS (ISSUED ON JUNE 17,2015) AND 2010A BONDS (ISSUED ON MARCH 30,2010). COLUMN A: PART II, LINE 3 THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. COLUMN A: PART II, LINE 13 THE BONDS WERE ISSUED FOR CURRENT REFUNDING PURPOSES ONLY; THEREFORE, A SUBSTANTIAL DATE OF COMPLETION IS NOT APPLICABLE TO THE BONDS. COLUMN A: PART III, LINE 7 AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. COLUMN A: PART IV, LINE 2(B) THE 5TH BOND YEAR HAS NOT OCCURRED, AND THUS NO REBATE COULD BE DUE. THE BONDS CONSIST OF A CURRENT REFUNDING, WHICH HAS MET AN EXCEPTION TO THE REBATE REQUIREMENT. NO REBATE CALCULATION HAS BEEN OR WILL EVER BE MADE, BEFORE OR AFTER THE DUE DATE OF AN 8038-T. COLUMN B: PART I(F) TO FINANCE CAPITAL PROJECTS COSTS, TO PAY CAPITALIZED INTEREST, AND TO PAY COSTS OF ISSUANCE. COLUMN B: PART II, LINE 3 THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. COLUMN B: PART III, LINE 7 AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. MAUREEN WEATHERALL KEY EMPLOYEE HOME EQUITY X 150000 25000 false true true THOMAS POON OFFICER HOME EQUITY X 200000 100000 false true true 125000 CAROL COSTELLO SPOUSE OF LMU PRESIDENT 160142 WAGES false X 683498 FMV X 60 1173200 FMV X ATHELTIC EQUIPMENT/OTHER 8 107164 FMV X FOOD 11 155163 FMV 1 false true false SCHEDULE M, PART I, COLUMN B: THE UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS AND NOT THE NUMBER OF ITEMS. SCHEDULE M, PART I, LINE 32B: THE UNIVERSITY MAY UTILIZE EXTERNAL INVESTMENT MANAGERS TO MANAGE AND LIQUIDATE PUBLICLY-TRADED SECURITIES. THE UNIVERSITY MAY ALSO UTILIZE EXTERNAL REAL ESTATE PROFESSIONALS TO LIQUIDATE REAL ESTATE CONTRIBUTIONS. SCHEDULE M, PART I, LINE 33: THE UNIVERSITY HAS ADOPTED SFAS NO. 116 - DISCLOSURE REQUIREMENTS. ASSETS DETERMINED TO BE A COLLECTION OR WORKS OF ART MAY NOT BE INCLUDED IN REVENUES OR GAINS IF THEY ARE NOT CAPITALIZED. THE CAPITALIZATION OF COLLECTIONS IS OPTIONAL. FORM 990, PART I, LINE 1 & PART III, LINE 1 ORGANIZATION'S MISSION LOYOLA MARYMOUNT UNIVERSITY MAINTAINS A THREE-FOLD MISSION: 1) THE ENCOURAGEMENT OF LEARNING, 2) THE EDUCATION OF THE WHOLE PERSON, AND 3) THE SERVICE OF FAITH AND THE PROMOTION OF JUSTICE. FORM 990, PART I, LINE 5 AND PART V, LINE 2A A TOTAL OF 6,773 INDIVIDUALS WERE SENT FORMS W-2 BY THE UNIVERSITY IN CALENDAR YEAR 2022. FORM 990, PART I, LINE 6 THERE ARE A NUMBER OF STUDENTS AND ALUMNI WHO VOLUNTEER THEIR TIME FOR VARIOUS PURPOSES AT THE UNIVERSITY. THESE VOLUNTEERS, HOWEVER, ARE NOT FORMALLY TRACKED BY THE UNIVERSITY. FORM 990, PART III, LINE 4A LOYOLA MARYMOUNT UNIVERSITY IS AN INDEPENDENT, COEDUCATIONAL UNIVERSITY. IN FISCAL 2023, LMU PROVIDED INSTRUCTION, RESEARCH, STUDENT SERVICES, AND ACADEMIC SUPPORT FOR 9,818 FULL-TIME EQUIVALENT STUDENTS. OF THESE STUDENTS, 7,209 WERE UNDERGRADUATES, 1,559 WERE IN VARIOUS GRADUATE PROGRAMS, AND 1,049 WERE ENROLLED AT LOYOLA LAW SCHOOL. FULL TIME FACULTY EMPLOYED WAS 634, PART-TIME WAS 548, FOR A TOTAL FACULTY OF 1,182. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF TRUSTEES OF LOYOLA MARYMOUNT UNIVERSITY HAS AN EXECUTIVE COMMITTEE WHICH MAY ACT FOR AND IN PLACE OF THE BOARD OF TRUSTEES BETWEEN REGULAR BOARD MEETINGS AND DURING ANY RECESS. ONLY TRUSTEES CAN BE MEMBERS OF THE EXECUTIVE COMMITTEE. IN NO EVENT SHALL THE EXECUTIVE COMMITTEE CONSIST OF LESS THAN THREE MEMBERS. EACH CATEGORY OF MEMBERSHIP OF THE BOARD (LAY PERSONS, JESUITS AND SISTERS) SHALL HAVE REPRESENTATION ON THE EXECUTIVE COMMITTEE. THE CHAIR OF THE BOARD SHALL CHAIR THE EXECUTIVE COMMITTEE, AND THE PRESIDENT SHALL BE A MEMBER, EX OFFICIO. THE BOARD EXECUTIVE COMMITTEE SHALL HAVE ALL OF THE POWERS OF THE BOARD OF TRUSTEES AND EXERCISE ALL OF ITS DUTIES, EXCEPT: (I) THOSE WHICH REQUIRE BY LAW, THE ARTICLES OF INCORPORATION OR THE BYLAWS CONCURRENCE BY A GREATER NUMBER OF MEMBERS OF THE BOARD THAN REQUIRED FOR BOARD APPROVAL; AND (II) THOSE WHICH MAY, FROM TIME TO TIME, BE SPECIFICALLY WITHHELD FROM THE EXECUTIVE COMMITTEE BY THE BOARD OR THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 11A IN CONJUNCTION WITH PWC US TAX LLP, A FORM 990 IS PREPARED FOR MANAGEMENT REVIEW. THE FORM 990 IS THEN REVIEWED BY THE AUDIT AND RISK COMMITTEE. A COPY OF THE FORM 990 WAS PROVIDED TO THE UNIVERSITY'S GOVERNING BODY BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY FOR ADMINISTRATIVE EMPLOYEES (INCLUDING OFFICERS AND KEY EMPLOYEES) IS COMPLETED BY THOSE INDIVIDUALS WHO ARE NOT ON THE FACULTY WHEN HIRED. IT IS UPDATED ANNUALLY OR AT A TIME OF SIGNIFICANT CHANGE IN INTEREST OCCURRING THEREAFTER BY ALL INDIVIDUALS DESIGNATED BY THE SENIOR VICE PRESIDENT OF A DIVISION OR BY THE PRESIDENT OR THE UNIVERSITY AS A WHOLE. INTERNAL AUDIT ADMINISTERS THE DISTRIBUTION AND COLLECTION OF THE ANNUAL DISCLOSURES WORKING WITH THE APPROPRIATE SENIOR VICE PRESIDENTS. IN ACCORDANCE WITH THE POLICY, FOR MATTERS DISCLOSED, A WRITTEN DETERMINATION AS TO WHETHER THE MATTER CONSTITUTES A CONFLICT IS MADE BY THE SENIOR VICE PRESIDENT OF THE EMPLOYEE'S DIVISION. THE EMPLOYEE IS INFORMED OF THE DETERMINATION. THE TRUSTEES' CONFLICT OF INTEREST POLICY IS ADMINISTERED BY THE PRESIDENT'S OFFICE ANNUALLY, AND DISCLOSURES ARE REVIEWED BY THE UNIVERSITY'S GENERAL COUNSEL. IF IT IS DETERMINED THAT A CONFLICT EXISTS, THE TRUSTEE DOES NOT VOTE WITH THE BOARD OF TRUSTEES ON MATTERS THAT RELATE TO THAT CONFLICT. A SEPARATE POLICY EXISTS FOR FACULTY MEMBERS WHO DO NOT HAVE BUDGET AUTHORITY (THE FACULTY POLICY). FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT COMPENSATION CONSULTANT COMPLETES A COMPREHENSIVE STUDY OF EXECUTIVE COMPENSATION EVERY OTHER YEAR IN ODD YEARS,AND USES A PREDETERMINED COMPARATOR GROUP OF UNIVERSITIES AND SIMILAR SIZED ORGANIZATIONS TO BENCHMARK LEADERSHIP POSITIONS. WELL RECOGNIZED SALARY SURVEY DATA IS USED. ALL EXECUTIVES ARE EMPLOYED "AT WILL" BUT COMPENSATION AT TIME OF HIRE IS ARTICULATED IN THEIR EMPLOYMENT AGREEMENTS. THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE COMPENSATION FOR THE PRESIDENT AND CFO ANNUALLY. THE MEMBERS OF THE SOCIETY OF JESUS, THE RELIGIOUS OF THE SACRED HEART OF MARY, AND THE SISTERS OF ST. JOSEPH OF ORANGE CONSTITUTE APROXIMATELY 2% OF THE UNIVERSITY'S FULL AND PART-TIME FACULTY AND ADMINISTRATIVE STAFF. DURING THE YEAR ENDED MAY 31, 2023, THE UNIVERSITY PAID THESE RELIGIOUS COMMUNITIES APPROXIMATELY $2,536,143 FOR THEIR SERVICES. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S FINANCIAL STATEMENTS, FORM 990, AND CONFLICT OF INTEREST POLICY ARE ALL AVAILABLE FOR PUBLIC REVIEW ON THE UNIVERSITY'S WEBSITE. THE UNIVERSITY'S GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC REVIEW UPON REQUEST. CHARITABLE REMAINDER TRUSTS (8) FUNDRAISING CA NA TRUST true false false false false false false false false false false false false false false false false false false false