2018-05-24T13:36:56-07:00 2017-07-31 990 2016-08-01 720408946 LOYOLA UNIVERSITY NEW ORLEANS LOYO 5048653149 6363 St Charles Avenue New Orleans LA 70118 Leon Mathes VP Finance & Administration 5048653149 2018-05-24 2016 2022-09-23 18:48:47Z Leon Mathes 6363 St Charles Avenue Campus Box 11 New Orleans LA 70118 940734491 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. 35 33 2697 371 224221 12094429 7736918 137860121 129395918 2205543 12328169 942740 303390 153102833 149764395 61384423 61366528 0 0 67971342 67247126 18791 44690 3399284 47027726 43444375 176402282 172102719 -23299449 -22338324 566796378 526559245 216773656 210156392 350022722 316402853 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 154126761 61366528 129395918 Loyola University New Orleans is a private, Catholic, Jesuit comprehensive university, open to students of all faiths. Loyola has 3,858 students -- 2,615 undergraduates; 581 graduate students; 82 Doctoral students; 494 law students; and 86 continuing education students. The university is comprised of five colleges: Business, Arts and Sciences, Law, Music and Fine Arts, and Graduate and Professional Studies. Loyola offers 78 undergraduate degrees and 11 graduate and professional programs. 0 0 0 N/A 0 0 0 N/A 0 0 0 154126761 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 1 1 0 0 1 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 5176 0 1 2697 1 1 1 1 CA CJ 0 0 1 1 1 1 0 1 1 1 1 0 X 35 33 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Leon Mathes 5048653946 6363 St Charles Ave New Orleans LA 70118 Janet Boles Board Member 1 0 X 0 0 0 Michael Braden SJ Board Member 1 0 X 0 0 0 William Burke III Board Member 1 0 X 0 0 0 James Caillier EdD Board Member 1 0 X 0 0 0 Rev James C Carter SJ Board member 1 0 X 25756 0 6825 Edgar Chase III Board Member 1 0 X 0 0 0 Margaret Condron PhD Board Member 1 0 X 0 0 0 Dennis Cuneo Board Member 1 0 X 0 0 0 Rev Paul J Fitzgerald SJ Board Member 1 0 X 0 0 0 Sally Forman Board Member 1 0 X 0 0 0 S Derby Gisclair Board Member 1 0 X 0 0 0 Gail Jock Board Member 1 0 X 0 0 0 Rachel Kent Board Member 1 0 X 0 0 0 Stephen Landry Board Member 1 0 X 0 0 0 Rev Timothy R Lannon SJ Board Member 1 0 X 0 0 0 Rita LeBlanc Board Member 1 0 X 0 0 0 Robert LeBlanc Jr Board Member 1 0 X 0 0 0 Joseph Mahoney Board Member 1 0 X 0 0 0 Mary J Matalin Board Member 1 0 X 0 0 0 James McBride Board Member 1 0 X 0 0 0 Rev Timothy McMahon SJ Board Member 1 0 X 0 0 0 Henry Munoz III Board member 1 0 X 0 0 0 Paul Pastorek Board Member 5 0 X 0 0 0 Gerlad Ray Board Member 1 0 X 0 0 0 William Roberti Board Member 1 0 X 0 0 0 Robert Savoie PhD Board Member 1 0 X 0 0 0 Rhonda Sharkawy Board Member 1 0 X 0 0 0 Ileana Suquet Board Member 1 0 X 0 0 0 Rev Mario Alberto Torres SJ Board Member 1 0 X 0 0 0 Carol Waguespack Board Member 1 0 X 0 0 0 Rev Jeremy Zipple SJ Board Member 1 0 X 0 0 0 John Finan Jr Chair 5 0 X X 0 0 0 Barry LeBlanc Vice Chair 5 0 X X 0 0 0 Rev Kevin Wm Wildes SJ University President 40 0 X X X 331500 0 87052 Rev Francis W Huete SJ Secretary/Treasurer 20 0 X X 0 0 0 John Calamia VP Finance & Administration 37.5 0 X 224587 0 24753 Maria Calzada Dean College of Arts and Sciences 37.5 0 X 179880 0 32404 Anthony Decuir Interim Dean College of Music and Fine Arts 37.5 0 X 167905 0 28999 William Locander Dean College of Business 37.5 0 X 274696 0 33936 Marc Manganaro Provost and Vice President for Academic Affairs 37.5 0 X 244423 0 36855 Lawrence Moore SJ Interim Dean College of Law 37.50 0 X 224400 0 59466 Marcia Petty Vice President for Student Affairs/Assoc. Provost 37.5 0 X 209671 0 25155 Patricia Pearce Dean of Graduate and Professional Studies 37.5 0 X 138552 0 20999 Christopher Wiseman VP Institutional Advancement 37.5 0 X 155689 0 21633 Gita Bolt General Counsel 37.5 0 X 224134 0 24854 Leon Mathes Assoc Vice President Finance 37.50 0 X 247903 0 32644 Len Trevino Professor 37.50 0 X 295730 0 24252 Lydia Voigt Distinguished University Professor 37.50 0 X 214537 0 24986 J Stuart Wood Professor 37.50 0 X 262000 0 19350 William Bishop Former Vice President Institional Advancement 0 0 X 264304 0 18933 Edward Kvet Former Provost and Vice President for Academic Affairs 0 0 X 147099 0 15709 Luis F Miron Former Dean of College of Social Sciences 37.5 0 X 161622 0 28416 Maria Lopez Pabon Former Dean College of Law 37.5 0 X 196191 0 28476 Roger White Former Dean College of Social Sciences 37.5 0 X 113987 0 14196 4304566 0 609893 119 1 1 0 Sodexo 6363 St Charles Ave Box 243 New Orleans LA 70118 Food Service 7631425 Witt Fiala Flannery and Associates PO Box 958204 St Louis MO 63195 Janitorial 1960212 Wiley Global Education 1415 West 22nd Street Suite 800 Oakbrook IL 60523 Educational Services 1385020 Ruffalocody Holdings LLC PO Box 718 Des Moines IA 50303 Educational Consulting Services 1132983 A-1 Elevator Service 1500 Mehle Avenue Arabi LA 70032 Evelvator Contractor 528501 34 0 0 20411 0 1417771 6298736 91225 7736918 129395918 129395918 0 0 129395918 2046853 0 0 2046853 0 0 0 0 0 0 0 0 35400 0 0 0 35400 0 35400 0 0 35400 801234044 0 790952728 0 10281316 0 10281316 0 0 10281316 15454 20411 17368 -1914 0 -1914 0 0 0 0 0 0 0 0 0 0 0 0 Printing Service 561439 21262 0 21262 0 Recreation Center 713940 120551 0 120551 0 Building Leases 532000 82408 0 82408 0 45683 0 0 45683 269904 149764395 129395918 224221 12407338 0 0 61366528 61366528 0 0 0 0 2712911 1794487 686806 231618 0 0 0 0 51509776 43951115 6206279 1352382 2758635 2356032 329189 73414 6792617 5837461 748474 206682 3473187 2962804 416250 94133 87713 87713 0 0 232228 60569 171659 0 114990 0 114990 0 0 0 0 0 44690 44690 0 0 0 0 5847749 4611867 1070769 165113 658571 647908 0 10663 2920219 2241442 463920 214857 2678036 2569913 33742 74381 2787 2787 0 0 4698408 3994894 562811 140703 2907992 2635364 186644 85984 0 0 0 0 1857350 1578943 110768 167639 6803802 5783232 816456 204114 0 0 0 0 5108551 4342268 613026 153257 2934380 2513035 337076 84269 Books 1730835 1711897 4854 14084 Bad Debt 443416 0 443416 0 Education and Student Programs 1056790 971079 60593 25118 Equipment Rental and Maintenance 3053382 1829064 1187253 37065 307176 276359 11699 19118 172102719 154126761 14576674 3399284 X 4265139 12602800 35027159 19287498 10890608 7032334 3854170 2544025 0 0 0 0 5263393 4177926 530865 531837 4442936 1912240 327763807 80372788 250687127 247391019 251023337 230267922 0 0 0 0 0 0 811644 811644 566796378 526559245 15893140 14668983 0 0 6532262 9376815 179225624 169613815 0 0 0 0 0 0 0 0 15122630 16496779 216773656 210156392 X 212645706 176994363 61327893 61661979 76049123 77746511 350022722 316402853 566796378 526559245 X -22338324 8549116 0 0 0 -19830661 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 245852000 1758000 20681000 4770000 23037000 14651000 225833000 277176000 1997000 -639000 5067000 17121000 10494000 245852000 287767000 4141000 7417000 4923000 10558000 6668000 277176000 291686785 1483270 27343624 3967056 8748000 20031177 287767446 258506165 8638849 41716864 3444188 8763000 4967905 291686785 0.46 0.34 0.20 0 0 0 9136559 9136559 0 306463280 72923124 233540156 0 0 0 0 0 9080847 7449664 1631183 0 3083121 0 3083121 247391019 0 Refundable Loan Program 5277168 Funds Held for Others 545307 Pension Benefits Payable 1329000 Severance Liability 9048464 Annuities Payable 296840 16496779 116081721 8549116 0 0 0 8549116 107532605 0 42231790 42231790 149764395 138352643 0 0 0 19830662 19830662 118521981 0 53580738 53580738 172102719 Schedule D, Part V, Line 4 Funds drawn down from endowment are used for scholarships, debt service, and general operation expenses. Schedule D, Part XI, Line 4b Scholarships and investment return decreased by the portion of cumulative net depreciation designated for current operations. Schedule D, Part XII, Line 2d Loss on Extinguishment of Debt, Severance, Annuity Payable Adjustment, Consulting Expenses and Past Sessions. Schedule D, Part XII, Line 4b Scholarships 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Owing to the broad resident, geographic distribution of the student body it is not feasible to publish in every newspaper in every resident, geographic region of the student body. Schedule E, Part I, Line 6 Students that qualify receive federal and state need-based assistance. Europe (including Iceland and Greenland) 4 24 Program Services Education-Study Abroad 303440 Central America and the Caribbean 2 8 Program Services Study Abroad 36503 South Asia 0 1 Program Services Education-Study Abroad 30907 Sub-Saharan Africa 0 1 Program Services Education Programs 12079 6 34 382929 0 0 0 0 0 0 X X X X X X X 1 2 Dukes Media 311 Calhoun Street New Orleans LA 70118 Fundraising. 0 152978 33000 119978 Jacqueline Lyle Private Private LA 70506 Ms. Lyle provided support by soliciting financial support and developing marketing and public relations plans in an effort to extend a specified residency. 0 13100 11690 1410 166078 44690 121388 AK AZ CA CO DC MA MS NH NY OR WA Golf Tournament 15740 9539 6201 0 0 5500 1215 0 1400 BLSA 9350 5382 3968 0 0 0 0 0 3968 2 10775 5490 5285 0 0 0 0 0 5285 35865 20411 15454 0 0 5500 1215 0 10653 17368 -1914 1 Scholarships and Tuition Remission 2782 61366528 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 1 0 0 0 0 0 0 0 0 William Bishop Vice President Institional Advancement 166516 0 0 0 97788 0 6764 0 12169 0 283237 0 0 0 Gita Bolt General Counsel 224134 0 0 0 0 0 9011 0 15843 0 248988 0 0 John Calamia VP Finance & Administration 224587 0 0 0 0 0 9101 0 15652 0 249340 0 0 0 Maria Calzada Dean College of Arts and Sciences 179880 0 0 0 0 0 7508 0 24896 0 212284 0 0 0 Anthony Decuir Interim Dean College of Music and Fine Arts 167905 0 0 0 0 0 7059 0 21940 0 196904 0 0 0 Edward Kvet Former Provost and Vice President for Academic Affairs 147099 0 0 0 0 0 5908 0 9801 0 162808 0 0 0 William Locander Dean College of Business 274696 0 0 0 0 0 11355 0 22581 0 308632 0 0 0 Marc Manganaro Provost and Vice President for Academic Affairs 244423 0 0 0 0 0 10085 0 26770 0 281278 0 0 0 Leon Mathes Assoc Vice President Finance 157903 0 0 0 90000 0 10169 0 22475 0 280547 0 0 0 Luis F Miron Former Dean of College of Social Sciences 161622 0 0 0 0 0 6626 0 21790 0 190038 0 0 Lawrence Moore SJ Interim Dean College of Law 224400 0 0 0 0 0 0 0 59466 0 283866 0 0 0 Maria Lopez Pabon Former Dean College of Law 196191 0 0 0 0 0 7957 0 20519 0 224667 0 0 0 Patricia Pearce Dean of Graduate and Professional Studies 138552 0 0 0 0 0 5682 0 15317 0 159551 0 0 0 Marcia Petty Vice President for Student Affairs/Assoc. Provost 209671 0 0 0 0 0 8467 0 16688 0 234826 0 0 0 Len Trevino Professor 123142 0 0 0 172588 0 5086 0 19166 0 319982 0 0 0 Lydia Voigt Distinguished University Professor 214537 0 0 0 0 0 8634 0 16352 0 239523 0 0 0 Roger White Dean College of Sciences 113987 0 0 0 0 0 4636 0 9560 0 128183 0 0 0 Rev Kevin Wm Wildes SJ University President 331500 0 0 0 0 0 0 0 87052 0 418552 0 0 0 Christopher Wiseman VP Institutional Advancement 155689 0 0 0 0 0 6362 0 15271 0 177322 0 0 0 J Stuart Wood Professor 54889 0 0 0 207111 0 2402 0 16948 0 281350 0 0 0 Schedule J, Part I, Line 1a Spousal travel of key employees is reimbursed if considered for fund-raising activities, public relations or development. Rev. Kevin Wm. Wildes, SJ, University President, resides in one of the university residence halls. No fee is charged. Schedule J, Part I, Line 3 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. Schedule J, Part I, Line 4 Schedule J Part 1 4a) William Bishop - $97,789; Len Trevino - $172,589; J Stuart Wood - $207, 111 These payments were made under a University Sponsored Voluntary Severance Program. A Louisiana Public Facilities Authority 720895871 546398MY1 2006-07-27 44100000 Construction 0 0 0 B Louisiana Public Facilities Authority 720895871 546398F37 2010-03-24 35000000 Construction 0 0 0 C Louisiana Public Facilitties Authority 720895871 546398P44 2011-10-19 125000000 Construction 0 0 0 D Louisiana Public Facility Authority 720895871 546398P85 2017-01-26 84779493 Refunding of 2010 and 2011 series 0 0 0 A 44100000 0 45996677 0 0 0 871750 0 0 15000000 0 0 2006 0 1 1 1 B 35000000 0 36614673 0 1726633 34211327 539723 0 0 34348317 0 0 2011 0 0 1 1 C 43945000 0 82903198 0 0 49700226 679732 0 0 82222843 0 623 2015 0 0 0 1 D 0 0 86624585 0 0 0 1180558 0 0 85433898 0 10129 2017 1 0 1 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 D 0 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 X 10 0 FMV X 20 91225 FMV X Gift Certificates, Mis 135 0 FMV 2 0 1 1 Schedule M, Part I, Line 32b None were used in FY17. However, they have been used in prior fiscal years to sell auction items. Schedule M, Part I, Line 33 The FMV of the donated items is immaterial to the financial condition of the university. Form 990, Part VI, Section A, Line 3 The Interim Provost, David Borofsky, is a contractor of The Registry for College and University Presidents. 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 The IRS Forms 990 and 990-T are made available to the public upon request. A copy of each is also on file at the University's library. Form 990, Part VI, Section C, Line 19 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 X, Line 9 The University adopted ASU No. 2015-03, simplifying the Presentation of Debt Issuance costs, which was issued by the FASB. This resulted in a reclassification on the balance sheet of debt issuance costs, net of accumulated amortization previously reported in prepaid and other assets of $1,827,00 and $1,523,000, now reported as a reduction in bonds payable as of July 31, 2017 and 2016, respectively. Form 990, Part XI, Line 9 Loss on Extinguishment of Debt, Severance, Annuity Payable Adjustment, Consulting Expenses, and past sessions. N/A