2023-04-15T14:31:49-05:00 2022-05-31 FORVIS LLP 8200 W Interstate 10 Suite 900 San Antonio TX 782303806 990 2021-06-01 741109631 OUR LADY OF THE LAKE UNIVERSITY OF SAN ANTONIO % ANTHONY TURRIETTA OURL 2104346711 411 SW 24TH STREET SAN ANTONIO TX 78207 ANTHONY TURRIETTA VP OF FINANCE 2104346711 2023-04-17 true ANTHONY TURRIETTA XXX-XX-XXXX JEANETTE VERRELLI P00742631 2103419400 2023-04-17 3 2021 2023-04-26 12:10:37Z DIANE E MELBY PRESIDENT 411 SW 24TH STREET SAN ANTONIO TX 78207 94972156 false X WWW.OLLUSA.EDU X 1957 TX AS A CATHOLIC UNIVERSITY SPONSORED BY THE SISTERS OF DIVINE PROVIDENCE, OUR LADY OF THE LAKE university is a community committed to serve students by: (continued on schedule o) 26 26 1084 30 0 0 10427304 21826487 64253894 57194300 1480257 7227383 194615 448098 76356070 86696268 21046864 21705948 0 0 31860932 31643505 0 0 1394138 25496596 26221609 78404392 79571062 -2048322 7125206 113222017 113799546 33858939 29973073 79363078 83826473 X AS A CATHOLIC UNIVERSITY SPONSORED BY THE SISTERS OF DIVINE PROVIDENCE, OUR LADY OF THE LAKE UNIVERSITY IS A COMMUNITY WHOSE MEMBERS ARE COMMITTEd TO SERVE STUDENTS BY: (CONTINUED ON SCHEDULE O). false false 69961177 21705948 57514849 OUR LADY OF THE LAKE UNIVERSITY OF SAN ANTONIO (UNIVERSITY) IS A PRIVATE, CATHOLIC, COEDUCATIONAL INSTITUTION OF MORE THAN 2,500 STUDENTS. IT WAS ESTABLISHED IN 1895 BY THE CONGREGATION OF DIVINE PROVIDENCE WHICH CONTINUES AS ITS SPONSORING ORGANIZATION. THE UNIVERSITY OFFERS 50 UNDERGRADUATE MAJORS AND MINORS, 19 MASTER'S PROGRAMS AND 4 DOCTORAL PROGRAMS. IN ADDITION TO DAYTIME, EVENING AND WEEKEND PROGRAMS AT ITS MAIN CAMPUS IN SAN ANTONIO, THE UNIVERSITY OPERATES UNDERGRADUATE, GRADUATE, AND WEEKEND COLLEGES FOR WORKING ADULTS IN HOUSTON AND LAFERIA, TX, WITH DEGREES FROM LIBERAL ARTS TO BUSINESS. THE UNIVERSITY IS ACCREDITED BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS TO AWARD BACHELOR'S, MASTER'S AND DOCTORAL DEGREES. 69961177 true true false false false false false true false true true false false false true false false true true false false false false false true false false false true true false false false false false false false false true false false false false true true false false false true 163 0 true 1084 true false false false false false true true false false false false false false X 26 26 false false false false true true false true true false false false true true true true true true true false X ANTHONY TURRIETTA 2104346711 411 SW 24TH STREET SAN ANTONIO TX 782074689 X DIANE E MELBY PRESIDENT 40.0 2.0 X 369774 0 21721 DR LOURDES ALVAREZ VP ACADEMIC AFFAIRS 40.0 0.0 X 219300 0 24698 ANTHONY TURRIETTA VP FINANCE 40.0 2.0 X 208937 0 31312 GEORGINA SCHMAHL VP INSTITUTIONAL ADVANCE 40.0 0.0 X 161486 0 30486 ROSALINDA GARCIA VP OF ADMINISTRATION 40.0 0.0 X 164802 0 21113 CURTIS SPEARS CHIEF TECHNOLOGY OFFICER 40.0 0.0 X 135948 0 27116 CAROL JEFFRIES-HORNER INTERIM ASSOCIATE VP OF ACADEM 40.0 0.0 X 128949 0 22855 GEORGE WILLIAMS VP OF STUDENT AFFAIRS 40.0 0.0 X 139944 0 9777 ROY TERRACINA TRUSTEE EMERITUS 2.0 1.0 X 0 0 0 SR PEARL CEASAR CDP SUPERIOR GENERAL 2.0 2.0 X 0 0 0 MICHAEL EDELMANN TRUSTEE EMERITUS 2.0 0.0 X 0 0 0 JANIE BARRERA SECRETARY OF THE BOARD 2.0 1.0 X X 0 0 0 SR LOURDES LEAL CDP TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL MARTEL TRUSTEE 2.0 1.0 X 0 0 0 GEORGE PERSON VICE CHAIRMEN OF THE BOARD 2.0 1.0 X X 0 0 0 ESTEBAN RODRIGUEZ TRUSTEE 2.0 0.0 X 0 0 0 DIANNA M BURNS-BANKS TRUSTEE 2.0 0.0 X 0 0 0 RICHARD CASTRO TRUSTEE 2.0 1.0 X 0 0 0 RICHARD ACOSTA TRUSTEE 2.0 0.0 X 0 0 0 LORENA G GONZALEZ TRUSTEE 2.0 1.0 X 0 0 0 ERIN SEKI TRUSTEE 2.0 0.0 X 0 0 0 BRUCE M FLOHR TRUSTEE EMERITUS 2.0 0.0 X 0 0 0 SR ROSALIE KARSTEDT CDP TRUSTEE 2.0 0.0 X 0 0 0 PAUL OLIVIER CHAIRMAN OF THE BOARD 5.0 1.0 X X 0 0 0 DR DENISE J DOYLE TRUSTEE 2.0 0.0 X 0 0 0 SR ROSE KRUPPA CDP TRUSTEE 2.0 0.0 X 0 0 0 LAURA CORTEZ TRUSTEE 2.0 0.0 X 0 0 0 JOHN ENSMINGER TRUSTEE 2.0 0.0 X 0 0 0 GREGORIO FLORES TRUSTEE 2.0 0.0 X 0 0 0 ANTOINETTE HILL TRUSTEE 2.0 0.0 X 0 0 0 BERTHA PEREZ EDD TRUSTEE 2.0 0.0 X 0 0 0 JIM PERSCHBACH TRUSTEE 2.0 0.0 X 0 0 0 STEVE O'DONNELL TRUSTEE 2.0 0.0 X 0 0 0 SISTER L SUZANNE DANCER CDP PHD TRUSTEE 2.0 0.0 X 0 0 0 KATRINA B MOHRER TRUSTEE 2.0 0.0 X 0 0 0 PETER SOLTYS PHD TRUSTEE 2.0 0.0 X 0 0 0 JOSHUA SUTIN TRUSTEE 2.0 0.0 X 0 0 0 1529140 0 189078 33 false true false WILEY 1415 WEST 22ND STREET OAK BROOK IL 605232023 ED PARTNER SERVICES 5982574 CHARTWELLS DINING SERVICES 2 INTERNATIONAL DRIVE RYE BROOK NY 105731094 FOOD SERVICE PROVIDE 1521045 ELLUCIAN 3 WESTBROOK CORPORATE CTR WESTCHESTER IL 601545728 SOFTWARE AND SUPPORT 736559 TAYLOR WEST ADVERTISING INC 503 AVENUE A 1109 SAN ANTONIO TX 782151272 ADVERTISING AND PUBL 404075 FOLLETT 3 WESTBROOK CORPORATE CTR WESTCHESTER IL 601545728 BOOKSTORE OPERATIONS 470878 10 20066 17238295 4568126 2820000 21826487 TUITION AND FEES 611600 54665895 54665895 AUXILIARY INCOME 611710 2528405 2528405 57194300 5879655 5879655 0 0 49 49 132102 132102 0 132102 132102 9614054 0 8266326 1347728 0 1347728 1347728 4960 20066 9562 -4602 -4602 0 0 0 0 0 0 0 0 OTHER REVENUE 900099 320549 320549 320549 86696268 57514849 0 7354932 0 21705948 21705948 0 0 875743 175149 656807 43787 0 24196036 20802897 2611446 781693 1498539 1287545 158240 52754 3204023 2702026 388062 113935 1869164 1566059 236407 66698 0 49263 49263 252596 252596 0 0 100000 100000 1534596 886685 645861 2050 818408 11092 800769 6547 600677 555326 28788 16563 2327854 2074889 178971 73994 0 7268464 6305353 825091 138020 651165 642425 3325 5415 0 84511 71269 9327 3915 289630 245990 37205 6435 261867 149268 107583 5016 3346645 2842387 429902 74356 42980 42980 FEES EXPENSE 5986248 5759976 225814 458 OTHER PROGRAM ACTIVITIES 2406086 2133913 269671 2502 BAD DEBT EXPENSE 200619 200619 79571062 69961177 8215747 1394138 406394 1778399 9310542 9325781 905361 647730 4185618 3092460 0 0 0 0 591793 407275 0 0 1063478 1247821 135419014 69616398 63253862 65802616 33436199 31429258 0 0 0 0 0 0 68770 68206 113222017 113799546 6737797 8725812 0 0 3906116 3723533 0 0 0 0 0 0 0 1973483 16100000 15400000 7115026 150245 33858939 29973073 X 55220012 59598731 24143066 24227742 79363078 83826473 113222017 113799546 7125206 -2661811 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false 36077782 303119 3104056 1308390 128016 38048551 28253159 341514 8823623 1219181 121333 36077782 30284665 248128 114405 2330039 64000 28253159 29730821 635746 1114336 1081338 114900 30284665 27640945 191568 3119592 1094795 126489 29730821 0.67000 0.33000 false false 1569126 1569126 92547060 32882150 59664910 4062480 2535915 1526565 31557728 29419075 2138653 5682620 4779258 903362 65802616 0 GOV. ADV FOR STUDENT LOANS 137272 CAPITAL LEASE OBLIGATION 12973 150245 67641784 -2661811 -16302235 -18964046 86605830 100000 -9562 90438 86696268 63178389 9562 9562 63168827 100000 16302235 16402235 79571062 SCHEDULE D, PART III, LINE 1A EXCLUDED ART AND HISTORICAL TREASURES: OUR LADY OF THE LAKE MAINTAINS A SMALL COLLECTION OF HISTORICAL COINS AND PAPER CURRENCY WHICH IS OF IMMATERIAL VALUE. THE UNIVERSITY ALSO OWNS ONE PIECE OF ART WORK WHICH IS ON PERMANENT LOAN TO A PRIVATE MUSEUM IN SAN ANTONIO. BOTH ARE HELD IN ORDER TO PRESERVE HISTORICAL ITEMS FOR FUTURE GENERATIONS. DUE TO THE IMMATERIALITY OF THESE ITEMS, THERE IS NO FOOTNOTE IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART III, LINE 4 EXCLUDED ART AND HISTORICAL TREASURES: OUR LADY OF THE LAKE MAINTAINS A COLLECTION OF HISTORICAL COINS AND PAPER CURRENCY AND ONE PIECE OF ARTWORK; ALL OF IMMATERIAL VALUE IN ORDER TO PRESERVE HISTORICAL ITEMS FOR FUTURE GENERATIONS. SCHEDULE D, PART V, LINE 4 INTENT OF ENDOWMENT FUNDS: ENDOWMENT DONATIONS AND BOARD DESIGNATED FUNDS ARE POOLED AND INVESTED TO SUPPORT UNIVERSITY OPERATIONS AND STUDENT SCHOLARSHIPS. SCHEDULE D, PART X, LINE 2 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, THEREFORE THERE IS NO FOOTNOTE DISCLOSURE. SCHEDULE D, PART XI, LINE 2D AMOUNTS INCLUDED ON LINE 1 NOT ON FORM 990: TUITION DISCOUNTS INCLUDED IN REVENUE - ($16,302,235) SCHEDULE D, PART XI, LINE 4B AMOUNTS ON FORM 990 NOT ON LINE 1: FUNDRAISING EXPENSES INCLUDED IN REVENUE - ($9,562) SCHEDULE D, PART XII, LINE 2D AMOUNTS ON LINE 1 NOT ON FORM 990: FUNDRAISING EXPENSES INCLUDED IN REVENUE - $9,562 SCHEDULE D, PART XII, LINE 4B AMOUNTS INCLUDED ON FORM 990 NOT ON LINE 1: TUITION DISCOUNTS INCLUDED IN REVENUE - $16,302,235 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 NON-DISCRIMINATORY POLICY DISCLOSURE: NON-DISCRIMINATORY POLICY DISCLOSURE IS PUBLISHED ON THE UNIVERSITY WEBSITE AND EMPLOYEES WHO HAVE DIRECT CONTACT WITH STUDENTS RECEIVE TRAINING. SCHEDULE E, PART I, LINE 6A FINANCIAL AID FROM GOVERNMENTAL AGENCIES: STUDENT FINANCIAL AID IS RECEIVED FROM THE FEDERAL GOVERNMENT. A COMPLETE LISTING OF FEDERAL GRANTS IS ON FILE AT OLLU AND IS AVAILABLE UPON REQUEST. GOLF CLASSIC 25026 20066 4960 140 142 5800 2200 1280 0 25026 20066 4960 140 142 5800 2200 1280 9562 -4602 true TUITION DISCOUNTS 1258 16302235 GRANTS AND ASSISTANCE 2607 4380458 FINANCIAL AID 526 1023255 PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: SCHOLARSHIP/DISCOUNTS ARE CREDITED TO EACH STUDENT'S ACCOUNT MAINTAINED WITH OLLU. THE ORGANIZATION REVIEWS ALL PROPOSALS FOR COMPLIANCE WITH GRANT GUIDELINES AND APPROVES PRIOR TO THE EXPENSE BEING INCURRED. THE PROJECT DIRECTOR TRACKS SPENDING ON GRANTS MONTHLY TO ENSURE NO BUDGET OVERAGES. WHEN RECORDING THE BILLINGS MONTHLY, THE GRANT ACCOUNTANT ALSO MONITORS THE SPENDING TO MAKE SURE ALL EXPENSES ARE REASONABLE AND WITHIN THE BUDGET OF THE GRANT. X true true X X X X X false false false false false false false false false DR LOURDES ALVAREZ VP ACADEMIC AFFAIRS 216791 0 0 0 2509 0 15464 0 9234 0 243998 0 DIANE E MELBY PRESIDENT 330065 0 0 0 39709 0 19434 0 2287 0 391495 0 ANTHONY TURRIETTA VP FINANCE 206688 0 0 0 2249 0 15288 0 16024 0 240249 0 GEORGINA SCHMAHL VP INSTITUTIONAL ADVANCE 160267 0 0 0 1219 0 12005 0 18481 0 191972 0 ROSALINDA GARCIA VP OF ADMINISTRATION 163250 0 0 0 1552 0 11847 0 9266 0 185915 0 CURTIS SPEARS CHIEF TECHNOLOGY OFFICER 133305 0 0 0 2643 0 10092 0 17024 0 163064 0 CAROL JEFFRIES-HORNER INTERIM ASSOCIATE VP OF ACADEM 126756 0 0 0 2193 0 9206 0 13649 0 151804 0 SCHEDULE J, PART I, LINE 1A DIANE E. MELBY, HOUSING ALLOWANCE, ALLOWANCE WAS TAXED THROUGH PAYROLL. X 1 2820000 FMV false true false SCHEDULE M, COLUMN B NUMBER OF CONTRIBUTORS OR ITEMS CONTRIBUTED: THE NUMBERS REPORTED ON COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 1 & PART III, LINE 1 ORGANIZATION'S MISSION: (CONTINUED FROM PAGE 1)... ENSURING QUALITY, INNOVATIVE UNDERGRADUATE AND GRADUATE LEARNING EXPERIENCES, FOSTERING SPIRITUAL, PERSONAL, AND PROFESSIONAL GROWTH, AND PREPARING STUDENTS FOR SUCCESS AND CONTINUED SERVICE. FORM 990, PART IV, LINE 28 TRANSACTIONS WITH INTEREST PARTIES: OUR LADY OF THE LAKE UNIVERSITY (OLLU) HAS A BUSINESS TRANSACTION WITH THE CONGREGATION OF DIVINE PROVIDENCE (CDP) IN WHICH OLLU PAYS FAIR MARKET VALUE FOR USE OF CDP FACILITIES LOCATED ON THE OLLU CAMPUS. FOR THE YEAR ENDED 5/31/22, THE AMOUNT PAID WAS $175,820. SCHEDULE L IS NOT REQUIRED AND ONLY BEING DISCLOSED AS SOME OF THE BOARD MEMBERS ARE AFFILIATED TO THIS CONGREGATION. FORM 990, PART VI, SECTION A, LINE 1A DELEGATION OF AUTHORITY: THE GOVERNING BOARD MAY DELEGATE AUTHORITY TO AN EXECUTIVE COMMITTEE ON OCCASION AND AS NEEDED. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE ORGANIZATION: THE MEMBERS OF THIS CORPORATION SHALL BE, EX OFFICIO, THE SUPERIOR GENERAL OF AND THE MEMBERS OF THE GENERAL COUNCIL OF THE RELIGIOUS CONGREGATION OF DIVINE PROVIDENCE OF SAN ANTONIO, TEXAS. FORM 990, PART VI, SECTION A, LINE 7A POWER TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY: THE CONGREGATION OF DIVINE PROVIDENCE SHALL HAVE AT LEAST TWO MEMBERS ON THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: THE DRAFT OF THE 990 IS REVIEWED BY THE UNIVERSITY'S FINANCE DEPARTMENT. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH CONFLICT OF INTEREST POLICY: OUR LADY OF THE LAKE UNIVERSITY (OLLU) HAS A CONFLICTS OF INTEREST POLICY IN ARTICLE XVIII OF ITS BYLAWS. THE POLICY COVERS ALL BOARD TRUSTEES AND DEFINES A CONFLICT OF INTEREST IF (A) SUCH TRUSTEE HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST WHICH IMPAIRS OR MIGHT REASONABLY APPEAR TO IMPAIR SUCH PERSON'S INDEPENDENT, UNBIASED JUDGEMENT IN DISCHARGED OF HIS OR HER RESPONSIBILITIES TO OLLU, OR (B) SUCH TRUSTEE IS AWARE THAT A FAMILY MEMBER (SPOUSE, PARENTS, SIBLINGS CHILDREN AND ANY OTHER RELATIVE IF THE LATTER RESIDE IN THE SAME HOUSEHOLD AS THE TRUSTEE), OR ANY ORGANIZATION IN WHICH SUCH TRUSTEE OR FAMILY MEMBER IS AN OFFICER, DIRECTOR, EMPLOYEE, MEMBER, PARTNER, TRUSTEE, OR CONTROLLING STOCKHOLDER, HAS SUCH EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST. OLLU MONITORS COMPLIANCE WITH THIS POLICY IN SEVERAL WAYS: -ANNUALLY REQUIRING ALL TRUSTEES TO DISCLOSE IN WRITING ANY CONFLICTS OF INTEREST, IF NOT SOONER DISCOVERED DURING THE YEAR. -ENSURING ALL NEW TRUSTEES ARE AWARE OF THEIR OBLIGATION TO DISCLOSE ANY CONFLICTS OF INTEREST AS SOON AS KNOWN TO THE BOARD. -COMMUNICATING WITH THE TRUSTEES REGULARLY IN COMMITTEE AND BOARD MEETINGS OF ALL NEW SIGNIFICANT TRANSACTIONS OCCURRING AT OLLU SO THAT THE TRUSTEES ARE AWARE AND CAN DISCLOSE A CONFLICT IF APPLICABLE PRIOR TO THE TRANSACTION OCCURRING. ANY DISCLOSED CONFLICTS ARE DOCUMENTED IN THE MINUTES AND THE TRUSTEE WITH THE CONFLICT WILL ABSTAIN FOR VOTING ON ANY MATTERS RELATED TO THE CONFLICT. THIS IS ALL DOCUMENTED IN THE BOARD MINUTES. IF THE CONFLICT IS DISCOVERED AFTER THE TRANSACTION HAS OCCURRED, IT IS STILL DOCUMENTED IN THE MINUTES AND A NARRATIVE SUPPORTING HOW THE TRANSACTION WAS DONE AT ARM'S LENGTH OR NOT IS DOCUMENTED. ANY TRUSTEE WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST EXISTS IN ANY MATTER IS ENCOURAGED TO DISCLOSE THE POTENTIAL CONFLICT TO THE BOARD OR THE COMMITTEE TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS, AND THE BOARD OR COMMITTEE SHALL RESOLVE THE QUESTION BY MAJORITY VOTE. ALL OF THIS IS DOCUMENTED IN THE MINUTES OF THE BOARD OR COMMITTEE MEETING. FORM 990, PART VI, SECTION B, LINE 15A REVIEW OF TOP MANAGEMENT COMPENSATION: THE BOARD, THROUGH THE EXECUTIVE COMMITTEE, REVIEWS AND SETS THE PRESIDENT'S SALARY USING COMPARABILITY DATA FROM CUPA (COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION). THE REVIEW IS DOCUMENTED IN MEETING MINUTES OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15B REVIEW OF OFFICER COMPENSATION: THE PRESIDENT REVIEWS COMPARABLE DATA AND DETERMINES MANAGEMENT SALARIES. THE BOARD OF TRUSTEES REVIEWS THESE MANAGEMENT SALARIES AS PRESENTED IN THE FORM 990. THE VICE PRESIDENT FOR ACADEMIC AFFAIRS AND DIRECTOR OF HUMAN RESOURCES SETS FACULTY AND STAFF SALARIES, RESPECTIVELY, USING COMPARABILITY DATA. THE REVIEW OF MANAGEMENT SALARIES IS DOCUMENTED IN MEETING MINUTES OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC: GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. OLLU MAIN BUILDING 411 SW 24TH STREET SAN ANTONIO TX 78207 271349237 SUPPORT TX 501(C)(3) 12 TYPE 1 SEE PART VII true false false false false false false false false false false false false false false false false false false false SCHEDULE R, PART II, LINE 1F DIRECT CONTROLLING ENTITY: OLLU MAIN BUILDING IS CONTROLLED BY OUR LADY OF THE LAKE UNIVERSITY OF SAN ANTONIO.