2019-04-12T19:05:28-05:00 2018-05-31 PricewaterhouseCoopers LLP 101 SEAPORT BLVD BOSTON MA 02210 990 2017-06-01 951643334 LOYOLA MARYMOUNT UNIVERSITY % THOMAS O FLEMING JR SVP/CFO LOYO 3103382714 1-LMU DRIVE U-HALL LOS ANGELES CA 90045 THOMAS O FLEMING JR SVP/CFO 3103382738 2019-04-12 true GWEN SPENCER SVPCFO P00641463 6175305000 155.201.188.33 04363820191025000942 2019-04-12 P 6CFBC1E470B119DB9F0B0C745D98B714AAF1A9A1 6CFBC1E470B119DB9F0B0C745D98B714AAF1A9A1 2017 2019-02-21 02:37:17Z MR TIMOTHY LAW SNYDER PRES 1-LMU DRIVE U-HALL 4900 LOS ANGELES CA 90045 585214604 false X WWW.LMU.EDU X 1918 CA SEE SCHEDULE O 44 41 7583 1 2045518 566300 32621482 41723357 424559840 452587647 7566728 36574449 78965 724129 464827015 531609582 105262701 114129378 0 0 227270379 233778567 23419 13704 9389789 134050580 136957606 466607079 484879255 -1780064 46730327 1265111327 1312304485 302712310 298321878 962399017 1013982607 X SEE SCHEDULE O false false 420778584 114129378 452587647 SEE SCHEDULE O 420778584 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TRUSTEE 1.0 0.0 X 0 0 0 KATHLEEN M DUNCAN 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 THOMAS V GIRARDI TRUSTEE 1.0 0.0 X 0 0 0 JEFFREY L GLASSMAN TRUSTEE 1.0 0.0 X 0 0 0 GREGORY M GOETHALS SJ TRUSTEE 1.0 0.0 X 0 0 0 D SCOTT HENDRICKSON SJ TRUSTEE 1.0 0.0 X 0 0 0 MARY ELIZABETH INGHAM CSJ TRUSTEE 1.0 0.0 X 0 0 0 HENRY K JORDAN TRUSTEE 1.0 0.0 X 0 0 0 NELLY LLANOS KILROY TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH KNOTT TRUSTEE 1.0 0.0 X 0 0 0 CECILIA A MAGLADRY CSJ TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL J MANDELBAUM TRUSTEE 1.0 0.0 X 0 0 0 GERDENIO MEDARD MANUEL SJ TRUSTEE 1.0 0.0 X 0 0 0 JOHN V MEIGS TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN M MOSKO TRUSTEE 1.0 0.0 X 0 0 0 HANDOJO S MULJADI TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM H MULLER SJ TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN F PAGE TRUSTEE 1.0 0.0 X 0 0 0 JOAN A PAYDEN 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 MARIA S SALINAS TRUSTEE 1.0 0.0 X 0 0 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44396508 302712310 298321878 X 621502146 637786502 136136288 167263706 204760583 208932399 962399017 1013982607 1265111327 1312304485 X 46730327 4276378 -293850 870735 X false true X true true true X 39681455 35931649 32843151 32621482 41723357 182801094 0 0 39681455 35931649 32843151 32621482 41723357 182801094 32249905 150551189 7623081 7009375 6376082 4643170 5349511 31001219 0 253125 222336 184152 293834 301955 1255402 215057715 2701155342 0.70005 0.70199 X false false false false false false true 2304 false false 2304 false FORM 990, SCHEDULE C, PART II-B, LINE 1 Payment for travel and compensation for University employees and students to attend Cal Grant Lobbying Day in Sacramento, CA. THE UNIVERSITY PAYS MEMBERSHIP DUES TO MEMBERSHIP ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. X X X false false true 457488665 8915421 38779926 12928059 13784133 920000 477551820 418855522 17305101 50506621 13651151 14642428 885000 457488665 448480000 12381078 -14240231 14712685 12201640 851000 418855522 458000000 9758000 13814000 8495255 23726745 870000 448480000 412034000 17256000 49349000 5898258 13990742 750000 458000000 0.50000 0.38000 0.12000 false false 11493557 41131505 52625062 7964017 541977076 146439313 403501780 49174615 35900775 13273840 189589395 150985271 38604124 223124109 95732731 127391729 635396535 COMMINGLED FUNDS 163647610 F ALTERNATIVE INVESTMENT FUNDS 201826290 F REAL ESTATE AND OTHER 2592000 F 368065900 0 US GOVERNMENT GRANTS REFUNDABL 9357197 ANNUITY LIABILITIES AND ASSETS 908511 LOAN FUNDS RETURNABLE TO DONOR 1169687 TAXABLE BONDS 32961113 44396508 422407359 4276378 2253433 6529811 415877548 1759012 113973022 115732034 531609582 370823333 1382701 1382701 369440632 1465601 113973022 115438623 484879255 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 2A 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 FUNDRAISING DIRECT EXPENSES $387,955 SWAP EXPENSES $870,732 POST RETIREMENT ADJUSTMENT $979,680 EXPENSES WITHIN OTHER EXPENSES BELOW THE LINE $ 15,066 ---------- $2,253,433 SCHEDULE D, PART XI, LINE 4B SCHOLARSHIPS $113,973,022 SCHEDULE D, PART XII, LINE 2D FUNDRAISING DIRECT EXPENSES $387,955 POST RETIREMENT ADJUSTMENTS $979,680 EXPENSES WITHIN OTHER REVENUES BELOW THE LINE $ 15,066 ------------ $1,382,701 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $113,973,022 true true true 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. FORM 990, SCHEDULE E, LINE 6A THE UNIVERSITY RECEIVES ASSISTANCE FROM THE FOLLOWING STATE AND FEDERAL AGENCIES: 1. 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. NATIONAL ENDOWMENT FOR HUMANITIES 7. DEPARTMENT OF INTERIOR 8. DEPARTMENT OF DEFENSE 9. DEPARTMENT OF JUSTICE true Central America and the Caribbean 34 Program Services STUDY ABROAD/SUMMER PR 146748 East Asia and the Pacific 46 Program Services STUDY ABROAD/SUMMER PR 136448 Europe (Including Iceland and Greenland) 61 Program Services STUDY ABROAD/SUMMER PR 854010 North America 25 Program Services STUDY ABROAD/SUMMER PR 35839 South America 6 Program Services STUDY ABROAD/SUMMER PR 275254 South Asia 3 Program Services STUDY ABROAD/SUMMER PR 7248 Sub-Saharan Africa 2 Program Services STUDY ABROAD/SUMMER PR 9634 Central America and the Caribbean Investments 150705963 Europe (Including Iceland and Greenland) Investments 824502 177 177 152995646 152995646 Scholarships for Tuition East Asia and the Pacific 11 17300 CR STUD ACCT Scholarships for Tuition Europe (Including Iceland and Greenland) 116 330176 CR STUD ACCT Scholarships for Tuition North America 6 6825 CR STUD ACCT Scholarships for Tuition South America 11 21700 CR STUD ACCT Scholarships for Tuition Sub-Saharan Africa 2 4000 CR STUD ACCT SCHOLARSHIPS FOR TUITION Central America and the Caribbean 2 2800 CR STUD ACCT true false true true true false MONITORING PROCEDURES- FORM 990, SCHEDULE F, PART I, LINE 2 SCHOLARSHIPS PROVIDED TO STUDENTS WHILE ABROAD ARE CREDITED TO THE STUDENT'S UNIVERSITY ACCOUNT IN THE US AND ARE NON-CASH TRANSACTIONS. X true STOCKADE CONSULTING GROUP 650 FRANKLIN ST SCHENECTADY NY 12301 Phone Solicitatio false 24531 13704 10827 24531 13704 10827 CJ DINNER 261550 189490 72060 144956 18687 LAA DINNER 219300 69975 149325 1200 34751 8595 16567 3 292264 211694 80570 75642 87225 773114 471159 301955 1200 255349 8595 122479 387623 -85668 true Teach For America 606 S Olive ST Los Angeles CA 90014 133541913 501 (C) (3) 25000 FMV NA SPONSORSHIP NATIONAL CATHOLIC EDUCATIONAL ASSOCIATION 1005 N GLEBE RD SUITE 525 ARLINGTON VA 22201 530196616 501 (c) (3) 30000 FMV NA DONATIONS/CONTRIBUTIONS 2 SCHOLARSHIPS/GRANTS FOR STUDENTS 7146 113973022 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. SCHEDULE I, PART III CASH GRANTS ARE CREDITED TO STUDENT ACCOUNTS. X X X false true X X X false false false false false false false false false ELENA M BOVE SVP FOR STUDENT AFFAIRS 230488 0 0 0 29968 0 22117 0 32115 0 314688 0 0 0 REBECCA L CHANDLER VP FOR HUMAN RESOURCES 214307 0 0 0 5182 0 24000 0 6113 0 249602 0 0 0 DENNIS W DRAPER DEAN, COLLEGE OF BUSINESS ADMI 371886 0 0 0 33330 0 24000 0 27313 0 456529 0 0 0 MICHAEL G DUNLAP MEN'S BASKETBALL COACH 563881 0 0 0 6945 0 24000 0 31690 0 626516 0 0 0 THOMAS O FLEMING JR SVP & CHIEF FINANCIAL OFFICER 268319 0 0 0 20764 0 24000 0 31636 0 344719 0 0 0 FREDERICK GARCIA FORMER VP FOR FACILITIES MGMT 126561 0 0 0 5514 0 24000 0 3133 0 159208 0 0 0 VICTOR J GOLD FORMER SVP & DEAN LOYOLA LAW S 261649 0 0 0 3368 0 24000 0 25065 0 314082 0 0 0 TIMOTHY S HAWORTH VP OF FACILITIES MANAGEMENT 190641 0 0 0 1218 0 24000 0 8543 0 224402 0 0 0 PAUL T HAYDEN FORMER INTERIM SVP AND DEAN LL 213781 0 0 0 4374 0 11107 0 24246 0 253508 0 0 0 JOSEPH B HELLIGE FORMER EVP & FORMER PROVOST 365010 0 0 0 21081 0 18998 0 30747 0 435836 0 0 0 JAMES M LANDRY FORMER INT VP FOR ENROLL MGMT 161976 0 0 0 3817 0 6979 0 20432 0 193204 0 0 0 THOMAS POON EVP & PROVOST 204405 0 0 0 59055 0 16500 0 12151 0 292111 0 0 0 EVELYNNE B SCARBORO EVP & CAO 341365 0 0 0 12727 0 24000 0 15540 0 393632 0 0 0 DENNIS SLON SVP FOR UNIVERSITY RELATIONS 307294 14564 24000 26336 372194 TIMOTHY LAW SNYDER PRESIDENT/TRUSTEE 473028 0 0 0 18643 0 24000 0 75958 0 591629 0 0 0 DAVID STEWART PRESIDENT'S PROFESSOR OF MARKE 289209 0 0 0 30257 0 24000 0 26132 0 369598 0 0 0 STEPHEN G UJLAKI DEAN, SCHOOL OF FILM AND TELEV 266309 0 0 0 58414 0 19389 0 35355 0 379467 0 0 0 MICHAEL E WATERSTONE SVP AND DEAN LLS 372988 0 0 0 18422 0 18000 0 33744 0 443154 0 0 0 MAUREEN P WEATHERALL VP OF ENROLLMENT MANAGEMENT 221335 0 0 0 20412 0 24000 0 25463 0 291210 0 0 0 CAROLINE T WILHELM TREASURER 187650 0 0 0 997 0 18000 0 2217 0 208864 0 0 0 SHANE P MARTIN DEAN, SCHOOL OF EDUCATION 307714 0 0 12231 0 23763 0 17266 0 360974 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 1A AND 1B SOCIAL CLUB DUES TIMOTHY LAW SNYDER, DENNIS SLON, MICHAEL WATERSTONE, AND SHANE MARTIN 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. TRAVEL FOR COMPANIONS THE UNIVERSITY ALSO PROVIDED TRAVEL REIMBURSEMENT FOR TIMOTHY LAW SNYDER'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. HOUSING ALLOWANCE TEMPORARY HOUSING ALLOWANCE MAY BE PROVIDED WHEN EXECUTIVES ARE HIRED AND ARE RELOCATING FROM OUTSIDE THE AREA. NO PERMANENT HOUSING ALLOWANCES WERE PROVIDED DURING THE REPORTING PERIOD. THOMAS POON RECEIVED A TEMPORARY HOUSING ALLOWANCE. THIS ALLOWANCE IS TAXABLE IN ACCORDANCE WITH THE IRS ACCOUNTABLE PLAN RULES. 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). 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. A California Educational Facilities Authority 521705592 130178H25 2011-11-22 23629875 Refunding CEFA 2001A CIB false false false B California Educational Facilities Authority 521705592 1301758B1 2015-06-17 30025000 CEFA REFUND SERIES 2010 B false false false C California Educational Facilities Authority 521705592 130178VP8 2010-03-30 67035951 TO CONSTRUCT AND RENOVATE false false false A 15619875 0 23629875 0 0 0 390049 0 0 0 23239826 0 2011 true false true true B 3200000 0 30025000 0 0 0 0 0 0 0 30025000 0 2015 true false true true C 23025951 0 67035951 0 0 0 627483 0 0 24128841 42279627 0 2011 true false true true A false false false 0 true B false true true true false 0.02300 0.01500 0.03800 false false false true C false true true true false 0.00800 0.00500 0.01300 false false false true A false true true false false false 0 false 0 false true B false true true false true false 0 false 0 false true C false false true false false false 0 false 0 false true A true B true C true MAUREEN WEATHERALL Home Equity X 150000 90000 false true true MICHAEL WATERSTONE HOME EQUITY X 100000 10000 false true true THOMAS POON HOME EQUITY X 200000 200000 false true true 300000 PCAM TRUSTEE IS CEO 190011 PARKING SERVICE FEE false JOHN A PAGE FAMILY MEMBER OF TRUSTEE 89996 COMPENSATION false X 409948 FMV X 91 2129082 FMV X OTHER: ATHLETIC EQUIP. 8 129464 FMV X OTHER: FOOD 59 94257 FMV 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 REAL ESTATE PROFESSIONALS TO LIQUIDATE REAL ESTATE CONTRIBUTIONS. SCHEDULE M, PART I, 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 7,583 INDIVIDUALS WERE SENT FORMS W-2 BY THE UNIVERSITY IN CALENDAR YEAR 2017. INCLUDED IN THIS NUMBER ARE 3,283 EMPLOYEES AND 4,300 STUDENT WORKERS. 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 2018, LMU PROVIDED INSTRUCTION, RESEARCH, STUDENT SERVICES, AND ACADEMIC SUPPORT FOR 9,034 FULL-TIME EQUIVALENT STUDENTS. OF THESE STUDENTS, 6,265 WERE UNDERGRADUATES, 1,760 WERE IN VARIOUS GRADUATE PROGRAMS, AND 1,009 WERE ENROLLED AT LOYOLA LAW SCHOOL. FULL TIME FACULTY EMPLOYED WAS 585, PART-TIME WAS 575, FOR A TOTAL FACULTY OF 1,160. 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 PRICEWATERHOUSECOOPERS, A FORM 990 IS PREPARED FOR MANAGEMENT REVIEW. THE FORM 990 IS THEN REVIEWED BY THE AUDIT 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 FOR 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, 2018, THE UNIVERSITY PAID THESE RELIGIOUS COMMUNITIES APPROXIMATELY $3,219,000 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. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: DECREASE IN VALUE OF INTEREST SWAP AGREEMENT $870,735 FUNDACION LMU - CASA DE LA MATEADA CALLE LAVERAN 5551 VILLA BELGRANO CORDOBA AR EDUCATION AR 501(C)(3) LMU true NA CHARITABLE REMAINDER TRUSTS (11) FUNDRAISING CA NA TRUST false false false false false false false false false false false false false false false true false false false FUNDACION LMU - CASA DE LA MATEADA P 160521 WIRE TRANSFER