2025-06-13T15:24:53-07:00 2024-07-31 990 2023-08-01 720408946 LOYOLA UNIVERSITY LOYO 5048653960 6363 St Charles Avenue New Orleans LA 70118 Stuart Gay Chief Financial Officer 5048653149 2025-06-13 1 2023 2025-03-06 01:10:19Z Stuart M Gay 6363 St Charles Avenue New Orleans LA 70118 316656604 0 0928 X www.loyno.edu X 1912 LA Loyola University New Orleans, a Jesuit and Catholic institution of higher education, welcomes students of diverse backgrounds and prepares them to lead meaningful lives with and for others; to pursue truth, wisdom, and virtue; and to work for a more just world. Inspired by Ignatius of Loyola's vision of finding God in all things, the university is grounded in the liberal arts and sciences, while also offering opportunities for professional studies in undergraduate and selected graduate programs. Through teaching, research, creative activities, and service, the faculty, in cooperation with the staff, strives to educate the whole student and to benefit the larger community. 27 25 2164 185 143769 0 15142153 11864843 185723020 189858095 8139442 14901665 188274 179169 209192889 216803772 98390308 99733556 0 0 63237498 66399130 22650 0 3045374 47488134 55441455 209138590 221574141 54299 -4770369 685229721 708940262 355056488 369045911 330173233 339894351 Loyola University New Orleans, a Jesuit and Catholic institution of higher education, welcomes students of diverse backgrounds and prepares them to lead meaningful lives with and for others; to pursue truth, wisdom, and virtue; and to work for a more just world. Inspired by Ignatius of Loyola's vision of finding God in all things, the university is grounded in the liberal arts and sciences, while also offering opportunities for professional studies in undergraduate and selected graduate programs. Through teaching, research, creative activities, and service, the faculty, in cooperation with the staff, strives to educate the whole student and to benefit the larger community. 0 0 195294493 99733556 189858095 Loyola University New Orleans is a private, Catholic, Jesuit comprehensive university, open to students of all faiths. Loyola has 4,322 students - 3,032 undergraduates, 555 graduate students, 73 doctoral students, 615 law students and 47 continuing education students. The university is comprised of six colleges: Business, Arts and Sciences, Law, Music and Media, Nursing and Health, and City College, which is Loyola's online college that offers a variety of online programs. Loyola offers 2 associate degrees, 59 undergraduate degree programs (of which 52 are on-campus, 8 fully online, 1 hybrid, one Prison Education Program, and 3 certificates); 27 graduate programs (of which 15 are on-campus, 10 fully online, 7 hybrid, 2 extension, and 10 certificates). 0 0 0 N/A 0 0 0 195294493 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 6022 0 1 2164 1 1 1 0 0 0 1 1 1 1 0 1 1 0 0 0 0 0 X 27 25 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Stuart M Gay 5048653960 6363 St Charles Avenue New Orleans LA 70118 Jeffrey Daffron SJ Interim President/Interim Provost 40 0 X 345000 0 91425 Xavier Cole President 40 0 X 374654 0 27574 Carol Markowitz SVP of Finance/Chief Operating Officer 40 0 X 365428 0 33862 Michael Capella Dean College of Business 40 0 X 309658 0 36482 Madeleine Landrieu Dean College of Law 40 0 X 311431 0 21032 Paul Cesarini Dean Online & City College 40 0 X 240763 0 79301 Michelle Collins Dean College of Nursing and Health 40 0 X 257748 0 35528 Mary Algero Professor of Law 40 0 X 194709 0 85252 Maria Lopez Pabon Professor of Law 40 0 X 223209 0 34072 Maria Calzada Dean, College of Arts and Sciences 40 0 X 198729 0 31095 Robert Verchick Professor of Law 40 0 X 195125 0 33566 Christopher Wiseman Vice President University Advancement 40 0 X 195122 0 20386 Sharonda Williams Vice President, General Counsel and Director of Government Affairs 40 0 X 194025 0 20356 Tanuja Singh Provost 40 0 X 187192 0 17293 Gustavo Barboza Professor, College of Business 40 0 X 180253 0 14076 Sheryl Kennedy Haydel Interim Dean, College of Music and Media 40 0 X 152242 0 25842 Michael Bell Board Member 1 0 X 0 0 0 Michie Bissel Board Member 1 0 X 0 0 0 John Brown SJ Board Member 1 0 X 0 0 0 Rev John Cecero SJ Board Member 1 0 X 0 0 0 Rev Thomas Curran SJ Board Member 1 0 X 0 0 0 Brian Dunkle SJ Board Member 1 0 X 0 0 0 Benjamin Fields Board Member 1 0 X 0 0 0 Rev Michael Garanzini SJ Board Member 1 0 X 0 0 0 Joe George Board Member 1.00 0 X 0 0 0 Nancy Hairston Board Member 1 0 X 0 0 0 Morton Katz Board Member 1 0 X 0 0 0 Stephen Kent Board Member 1 0 X 0 0 0 Dennis Lauscha Board Member 1 0 X 0 0 0 Rev Brian Linnane SJ Board Member 1.00 0 X 0 0 0 Greg Rattler Board Member 1 0 X 0 0 0 Scott Rodger Board Member 1 0 X 0 0 0 Leah Schlater-Brown Board Member 1 0 X 0 0 0 Jared Schoch Board Member 1 0 X 0 0 0 Leo Seonae Board Member 1 0 X 0 0 0 Michael Skehan Board Member 1 0 X 0 0 0 Tod Smith Board Member 1 0 X 0 0 0 Stephanie Stokes Board Member 1.0 0 X 0 0 0 Duke Williams Board Member 1 0 X 0 0 0 Robert LeBlanc Chair 1 0 X 0 0 0 Ryan Haas Vice-Chair 1 0 X 0 0 0 Rev Gregory Waldrop SJ Secretary/Treasurer 40 0 X 0 0 0 3925288 0 607142 97 0 1 0 Sodexo Inc and Affiliates 6363 St Charles Ave Box 243 New Orleans LA 70118 Food Service 8817115 Woodward Design and Build 1000 S Norman C Francis Parkway New Orleans LA 70125 Construction 5299378 Eskew Dumez Ripple 365 Canal Street Suite 3150 New Orleans LA 70130 Architect 3442637 The MAPP Group 344 Third Street Baton Rouge LA 70801 Construction 2632242 Beinert Roofing Commercial Division LLC 510 Walsh Road Rosenberg TX 77471 Roofing 1586723 52 0 0 92047 0 2323964 9448832 164712 11864843 189858095 189858095 0 0 189858095 3903761 0 0 3903761 6371736 0 0 6371736 0 0 0 0 35400 0 0 0 35400 0 35400 0 0 35400 104479000 0 99852832 0 4626168 0 4626168 0 0 4626168 92047 143769 0 143769 0 143769 216803772 189858095 143769 14937065 0 0 99733556 99733556 0 0 0 0 3531445 2361418 980186 189841 0 0 0 0 51797253 42040038 8427187 1330028 840681 679209 137221 24251 6651557 5283167 1159850 208540 3578194 2862105 612789 103300 169169 169169 0 0 107602 0 107602 0 160551 0 160551 0 0 0 0 0 0 0 0 0 0 7881760 4768967 3041391 71402 786260 611773 146995 27492 2462951 1861938 456162 144851 2538123 529022 1851114 157987 677 677 0 0 5536406 4353271 1076084 107051 3520311 2955499 408035 156777 0 0 0 0 868635 572413 281292 14930 13475898 11095219 2051076 329603 0 0 0 0 6859846 6379656 413708 66482 5469852 5086961 329879 53012 Dues, Subscriptions, and Miscellaneous 2418803 1160525 1232981 25297 Equipment and Maintenance 2178822 1830517 329171 19134 Books 602949 601749 1134 66 Educational and Student Programs 340973 320902 6816 13255 61867 36742 23050 2075 221574141 195294493 23234274 3045374 5705115 4974600 170843312 133782712 9942150 7922653 3668917 6150794 0 0 0 0 847882 552196 529325 3399280 5209960 5524566 417820321 117928240 252627112 299892081 69521697 81450360 165522607 164479376 811644 811644 685229721 708940262 11694415 23368621 0 0 10482154 22076184 327599644 322196158 0 0 0 0 0 0 0 0 5280275 1404948 355056488 369045911 X 150924093 157212970 179249140 182681381 330173233 339894351 685229721 708940262 X -4770369 13910078 0 0 0 581409 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 234777000 1631000 21204000 7394000 4454000 0 245764000 235321000 2027000 9832000 7877000 4526000 0 234777000 254268000 878000 -13589000 6210000 26000 0 235321000 222483000 2586000 47299000 6301000 11799000 0 254268000 225028000 3149000 5593000 6581000 4706000 0 222483000 0.37 0.42 0.21 0 0 0 9198559 9198559 0 325893197 105693195 220200002 0 0 0 0 0 19404899 12235045 7169854 0 63323666 0 63323666 299892081 0 0 Hedge Funds and Partnerships 164479376 F 164479376 0 Pension Benefits Payable 543342 Perkins 553760 Funds Held for Others 169035 Annuities Payable 138811 1404948 118150806 13910078 0 0 0 13910078 104240728 0 112563044 112563044 216803772 118944734 0 0 0 580407 580407 118364327 0 103209814 103209814 221574141 Schedule D, Part V, Line 4 Endowment resources are used for non-operating expenses. Schedule D, Part XI, Line 4b Scholarships, Bond Dividends and Interest, and investment return net of amounts appropriated for current operations. Schedule D, Part XII, Line 2d Loss on disposal of asset, annuity adjustment, past session activities and other miscellaneous adjustments. Schedule D, Part XII, Line 4b Institutional and externally funded scholarships. Total Bond expense including Bond Dividends netted against expense. 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The university published its non-discrimination policy towards students in the annual Student Bulletin published on its website (https://bulletin.loyno.edu/regulations/privacy-student-records-student-rights#non-discriminiation). Schedule E, Part I, Line 6 Students that qualify receive federal and state need-based assistance. Europe (including Iceland and Greenland) 2 30 Program Services Study Abroad. 498575 East Asia and the Pacific 0 3 Program Services Study Abroad. 55603 Central America and the Caribbean 0 3 Program Services Study Abroad 22848 South Asia 0 1 Program Services Study Abroad. 12670 North America (including Canada and Mexico, but not the United States) 0 1 Program Services Study Abroad. 2556 2 38 592252 0 0 0 0 0 0 1912 Society Dinner 34825 10375 24450 0 0 0 53149 0 4080 Law Alumni Luncheon 31060 2895 28165 0 0 0 11349 0 7684 12 130537 78777 51760 10100 3038 78149 35155 6135 14498 196422 92047 104375 10100 3038 78149 99653 6135 26262 223337 -118962 1 Scholarships and other types of financial assistance. 3668 99733556 0 FMV Schedule I, Part I, Line 2 Scholarships and other types of financial assistance are monitored through internal transfer of funds within the university. X X X 1 1 X 0 0 0 0 0 0 0 0 0 Xavier Cole President 249654 0 100000 0 25000 0 4500 0 23074 0 402228 0 0 Carol Markowitz SVP of Finance/Chief Operating Officer 324178 0 41250 0 0 0 6600 0 27262 0 399290 0 0 0 Jeffrey Daffron SJ Interim President/Interim Provost 345000 0 0 0 0 0 0 0 91425 0 436425 0 0 0 Michael Capella Dean College of Business 309658 0 0 0 0 0 6300 0 30182 0 346140 0 0 0 Madeleine Landrieu Dean College of Law 311431 0 0 0 0 0 6200 0 14832 0 332463 0 0 0 Paul Cesarini Dean Online & City College 240763 0 0 0 0 0 4900 0 74401 0 320064 0 0 0 Michelle Collins Dean College of Nursing and Health 257748 0 0 0 0 0 5346 0 30182 0 293276 0 0 0 Maria Calzada Dean, College of Arts and Sciences 198729 0 0 0 0 0 3865 0 27230 0 229824 0 0 0 Maria Lopez Pabon Professor of Law 223209 0 0 0 0 0 4577 0 29495 0 257281 0 0 0 Mary Algero Professor of Law 194709 0 0 0 0 0 4033 0 81219 0 279961 0 0 0 Robert Verchick Professor of Law 195125 0 0 0 0 0 4075 0 29491 0 228691 0 0 0 Christopher Wiseman Vice President University Advancement 195122 0 0 0 0 0 4000 0 16386 0 215508 0 0 0 Sheryl Kennedy Haydel Interim Dean, College of Music and Media 152242 0 0 0 0 0 3273 0 22568 0 178083 0 0 0 Tanuja Singh Provost 187192 0 0 0 0 0 3769 0 13524 0 204485 0 0 0 Gustavo Barboza Professor, College of Business 180253 0 0 0 0 0 3605 0 10471 0 194329 0 0 0 Sharonda Williams Vice President, General Counsel and Director of Government Affairs 194025 0 0 0 0 0 4000 0 16356 0 214381 0 0 0 Schedule J, Part I, Line 1a Allowances provided are authorized under university policy. Schedule J, Part I, Line 3 The Executive Committee of the Board of Trustees deliberates to determine the President's compensation. A Louisiana Public Facility Authority 720895871 5463988B7 2017-01-26 86624585 Refunding of 2010 and 2011 Series 0 0 0 B Louisiana Public Facility Authority 720895871 546399LM6 2021-07-07 100855617 Refund Series 2011 & Construction 0 0 0 C Louisiana Public Facility Authority 720895871 546399RQ1 2023-02-15 133843314 Residence Hall Construction 0 0 0 A 15335000 0 86624585 0 0 0 1190579 0 0 0 85434006 0 2017 0 1 1 1 B 0 0 101318837 0 0 0 1216013 0 0 15460338 84639604 2882 2023 1 1 0 1 C 0 0 141153468 0 7426938 0 1401542 0 0 38518699 0 93806289 0 0 0 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 Schedule K, Part I, Column a-01/26/2017 86,624,585 Louisiana Public Facility Authority The purpose of the issue is to provide funds to (i) advance refund the series 2010 issued: 3/24/2010 and (ii) advance refund series 2011 issued: 10/19/2011. Schedule K, Part I, Column b-07/07/2021 100,855,617 Louisiana Public Facility Authority Part I Line B Column (F): the purpose of the issue is to (i) current refund series 2011 issued: 10/19/2011 (ii) refund a taxable bank loan and (iii) finance capital improvements. Schedule K, Part II, Line 3-07/07/2021 100,855,617 Louisiana Public Facility Authority The total proceeds exceed the issue price due to investment earnings on the project fund. Schedule K, Part II, Line 3-02/15/2023 133,843,314 Louisiana Public Facility Authority The total proceeds exceed the issue price due to investment earnings. Schedule K, Part II, Line 11-01/26/2017 86,624,585 Louisiana Public Facility Authority The other spent proceeds are refunding proceeds of the issue that are no longer in escrow. Schedule K, Part II, Line 11-07/07/2021 100,855,617 Louisiana Public Facility Authority The other spent proceeds are refunding proceeds of the issue that are no longer in escrow. Schedule K, Part IV, Line 2c-01/26/2017 86,624,585 Louisiana Public Facility Authority A rebate calculation was performed on January 24, 2022 with no rebate liability due. X 14 164712 FMV X Miscellaneous Donations 14 0 FMV 0 1 1 Schedule M, Part I, Line 32b On-line auction software is used if necessary for tangible property and the broker Mogan Stanley for Stock. Form 990, Part VI, Section A, Line 6 All members in good standing of the Society of Jesus who are members of the Jesuit Community of Loyola University New Orleans and who hold full-time or part-time positions at Loyola University New Orleans and who have held such positions for one (1) academic year shall be eligible for membership in the Corporation. Membership in the Corporation shall consist of not fewer than three (3) nor more than twenty-five (25) persons who fulfill these qualification. Such members shall be elected in the manner and for the term hereinafter provided by those persons eligible for membership under this Article and shall serve the stipulated term or until their earlier death, resignation or failure to meet all the qualifications for membership. Form 990, Part VI, Section A, Line 7a The sole rights and duties of members shall be (a) to elect annually such members of the Board of Trustees as are provided in these Articles; (b) to receive annually a report from the President; (c) to determine the dissolution of the Corporation and the distribution of its assets, consistent with the terms of Article V hereof; (d) to amend the Articles and By-Laws of the Corporation in the manner specified in Article IX; and (e) to fix and determine by majority vote the number of Trustees who shall constitute the whole Board of Trustees. The composition of the Board of Trustees shall be at all times such that more than twenty-two percent (22%) of the total membership of the Board of Trustees, but not more than sixty percent (60%) of said Board, shall be composed of members in good standing of the Society of Jesus. Form 990, Part VI, Section A, Line 7b The Board of Trustees shall have and exercise the corporate powers prescribed by law. The essential function of the Board shall be policy making and responsibility for sound management. It shall formulate and determine the general, educational and financial policies as shall be deemed necessary for the administration and development of the Corporation in accordance with its shared purposes. The Board shall create committees of the Board and Ad-Hoc Committees as it may deem necessary, or desirable to carry out the purposes of the Corporation, each of which shall have such powers and responsibilities as the Board of Trustees shall designate. Nothing shall be considered to negate the power of the President to establish administrative committees, visiting committees, councils and other bodies as he may deem necessary or desirable to aid him in the performance of his duties. Form 990, Part VI, Section B, Line 11b The Audit Committee reviews the Form 990 and recommends its review as an action item in the Board of Trustees. The Form 990 is posted on the Board of Trustees website for review. In addition, the Form 990 is reviewed by an independent accounting firm prior to its submission to the Board of Trustees Form 990, Part VI, Section B, Line 12c Under the Conflict of Interest Policy, each Trustee is required when initially elected, and annually thereafter, to acknowledge in writing that he or she has reviewed this Policy and is complying with it, in letter and in spirit; when initially elected, and annually thereafter, to complete the attached Disclosure Statement; an amendment statement must be filed promptly in the event of a material change in circumstances; and to disclose actual or potential conflicts of interest at any time when he or she becomes aware of them. The Board of Trustees are responsible for disseminating the Policy and for collecting signed Disclosure Statements at the time a Trustee is first elected. Completed Disclosure Statements will be sent to the President. Annually, the Board disseminates the Policy and Annual Disclosure Statements to all Trustees in June. Completed Disclosure Statements are due to the University by mid-July of each year and are reviewed by the University's counsel. Form 990, Part VI, Section B, Line 15 President's Compensation - The Executive Committee of the Board of Trustees chaired by the Board Chairperson deliberates to determine the President's compensation. Each member of the compensation-setting body is a disinterested party. Jesuit members of the Executive Committee recuse themselves from the salary deliberations. Salary data obtained from the Association of Colleges and University Personnel Administrators, the Association of Jesuit Colleges and Universities and an executive search firm database is used to determine compensation comparability. The decision of the compensation-setting body including terms of the compensation, the date approved, members of the compensation-setting body present during the discussion of the compensation and voting members, comparability data relied on and the source of the data and an affirmation that all members were free of any conflict of interest is documented and retained by the Secretary of the Board of Trustees. Key Employee Compensation Upon Hiring - The university President or Provost (depending on the organizational status of the key employee) makes a salary determination with the party involved. The President or Provost uses salary data obtained from the Association of Colleges and University Personnel Administrators, the Association of Jesuit Colleges and Universities and an executive search firm database to determine compensation comparability. On a regular basis the Executive Committee of the Board of Trustees reviews the compensation of key employees. Compensation adjustments - All compensation adjustments such as merit increases are documented in the Performance Evaluation and reviewed for reasonableness and industry comparability via budget analysis. Form 990, Part VI, Section C, Line 18 Form 990 and Form 990T are made available to the public upon request. A copy of each is also on file at the university's library. The annual financial report, conflict of interest policy, and other governing documents are also made available to the public upon request. Form 990, Part VI, Section C, Line 19 The annual financial report, conflict of interest policy, and other governing documents are also made available to the public upon request. Form 990, Part XI, Line 9 Gain(Loss) on the disposal of assets, contributions restricted to buildings/endowment, annuity adjustments, severance, and other adjustments. N/A