2015-04-14T09:45:10-05:00 2014-05-31 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2013-06-01 951643334 Loyola Marymount University % THOMAS O FLEMING JR SVP/CFO LOYO 3103382714 1-LMU Drive U-Hall Suite 4900 Los Angeles CA 90045 THOMAS O FLEMING JR SVP/CFO 3103382738 2015-04-13 true GWEN SPENCER P00641463 3103382738 2013 2016-02-25 16:41:14Z MR DAVID W BURCHAM PRESIDENT 1-LMU DRIVE U-HALL 4900 LOS ANGELES CA 90045 532054717 false X www.lmu.edu X 1918 CA SEE SCHEDULE O 43 40 7465 1 3088342 -29383 23760202 39681455 374452867 390977216 28489882 16851884 735211 717840 427438162 448228395 83194736 90689391 0 0 201853514 207284173 14952 22201 9574273 112382457 113307465 397445659 411303230 29992503 36925165 1164539770 1233086576 311027710 308936737 853512060 924149839 X SEE SCHEDULE O false false 356374654 90689391 390977216 SEE SCHEDULE O 356374654 true true false true false false false true true true true true false false true false true false true true true true true true true false false true true true true false false false false false true false false true true true true false false false true true false false false true X 828 0 true 7465 true true true false false false false true true false false false false X 43 40 false false false false false false false true true false false true true true true true true true true false CA X X THOMAS O FLEMING JR SVPCFO 3103382738 1 LMU DR U-HALL 4900 LOS ANGELES CA 900452659 X Robert J Abernethy TRUSTEE 1.0 X WILLIAM H AHMANSON TRUSTEE 1.0 X Kathleen Hannon Aikenhead Trustee & Chair of Board 1.0 X Rita Arthur RSHM PhD Trustee 1.0 X James R Belardi Trustee 1.0 X DAVID W BURCHAM JD PRESIDENT/TRUSTEE 40.0 X X 460516 0 48194 EDWARD J CARPENTER TRUSTEE 1.0 X Alex Martin Chaves trustee 1.0 X GERALD COBB SJ PHD TRUSTEE/SECRETARY(UNTIL 12/13) 1.0 X Rudy F deLeon Jr TRUSTEE 1.0 X DAVID S DEVITO TRUSTEE 1.0 X KAREN DIAL TRUSTEE 1.0 X GINNI DREIER TRUSTEE 1.0 X KATHLEEN M DUNCAN TRUSTEE 1.0 X Mary Genino RSHM Trustee 1.0 X THOMAS V GIRARDI JD TRUSTEE 1.0 X GREGORY M GOETHALS SJ TRUSTEE 1.0 X Mary Elizabeth Ingham CSJ PhD TRUSTEE 1.0 X NELLY LLANOS KILROY TRUSTEE 1.0 X Joseph Knott TRUSTEE 1.0 X Daniel K Lahart SJ trustee 1.0 X Edward A Landry Esq Trustee 1.0 X Deborah Lanni trustee 1.0 X MICHAEL A LAWSON TRUSTEE 1.0 X CECILIA A MAGLADRY CSJ TRUSTEE 1.0 X Gerdenio Medard Manuel SJ PhD TRUSTEE 1.0 X Michael McCarthy SJ PHD TRUSTEE 1.0 X John V Meigs JD Trustee 1.0 X Edison Miyawaki MD TRUSTEE 1.0 X WILLIAM H MULLER SJ TRUSTEE 1.0 X Gregory J O'Meara SJ Trustee 1.0 X Stephen F Page JD TRUSTEE 1.0 X Joan A Payden TRUSTEE 1.0 X TIMOTHY G PSOMAS TRUSTEE 1.0 X Michael P Rudinica MSE TRUSTEE 1.0 X Robert Sclabassi MD PhD TRUSTEE 1.0 X Michael R Steed JD Trustee 1.0 X Markos Tambakeras TRUSTEE 1.0 X Rosemary L Turner Trustee 1.0 X Walter F Ulloa JD Trustee 1.0 X PAUL S VIVIANO TRUSTEE 1.0 X Robert T Walsh SJ Trustee 1.0 X LAURA D WILLIAMSON TRUSTEE 1.0 X David J Zuercher trustee 1.0 X ELENA M BOVE EDD SVP FOR STUDENT AFFAIRS 40.0 X 234282 0 41273 Thomas O Fleming Jr SVP & CHIEF FINANCIAL OFFICER 40.0 X 268565 0 50100 VICTOR J GOLD JD SVP & DEAN OF LAW SCHOOL 40.0 X 344243 0 48262 JOSEPH HELLIGE SVP & CHIEF ACADEMIC OFFICER 40.0 X 382012 0 57588 Evelynne B Scarboro SVP FOR ADMINISTRATION 40.0 X 261717 0 38345 Dennis Slon SVP for University Relations 40.0 X 307089 0 37415 Rebecca Chandler VP for Human Resources 40.0 X 209565 0 80907 FREDERICK GARCIA FORMER VP FOR FACILITIES MGMT 40.0 X 184465 0 31201 TIMOTHY HAWORTH VP OF FACILITIES MANAGEMENT 40.0 X 151903 0 21122 Lori A Husein VP and Controller 40.0 X 189737 0 113428 JAMES M LANDRY INTERIM VP FOR ENROLLMENT MGMT 40.0 X 187147 0 32335 Maureen Weatherall VP of Enrollment Management 40.0 X 163229 0 30642 DENNIS DRAPER DEAN, COLLEGE OF BUS. ADMIN 40.0 X 348888 0 43697 Max Good Men's Basketball coach 40.0 X 399397 0 43122 Shane Martin Dean, School of Education 40.0 X 280852 0 38144 Richard Plumb Dean, College of Sci. & Eng. 40.0 X 276962 0 26090 DAVID W STEWART PresIDent's Prof. of MarkeTING 40.0 X 293493 0 45486 Ernest D Rose PHD Former SVP and Chief Academic 40.0 X 260155 0 38670 5204217 0 866021 423 true true false BLACKDOG ELECTRICAL SYSTEMS 39321 NICOLE DRIVE PALMDALE CA 93551 ELECTRICAL SERVICES 904254 MUSICK PEELER GARRETT LLP 1 WILSHIRE BLVD 2000 LOS ANGELES CA 90017 ATTORNEY 415160 BRIDGES BRIDGES 318 AVE I 606 REDONDO BEACH CA 90277 ATTORNEY 384999 BAKHTIAR EBBY S 3435 WILSHIRE BLVD STE 770 LOS ANGELES CA 90010 ATTORNEY 380485 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 ITS CONSULTING 273840 15 455321 4727720 34498414 9509041 39681455 Tuition and fees (gross) 900099 342306560 342306560 Auxiliary 900099 36280486 36280486 Conferences 532000 4390593 1382386 3008207 Fitness Center 713940 1333293 1107416 225877 OTHER PROGRAM SERVICE REVENUE 900099 6666284 6666284 390977216 6692597 -145742 6838339 0 397395 397395 387347 387347 0 387347 387347 93345582 320000 83186295 320000 10159287 10159287 10159287 253125 455321 320027 -66902 -66902 0 0 0 448228395 387743132 3088342 17715466 110872 110872 89800660 89800660 777859 777859 0 3652121 142523 3223104 286494 201979 201979 152638255 130931445 15875283 5831527 12834216 10990829 1352123 491264 27268518 23324057 2939333 1005128 10689084 8992553 1279876 416655 156133 105694 50439 752924 745621 7303 436733 436733 63000 63000 22201 22201 1092499 67831 1024668 14814076 10588052 3863538 362486 1307205 1259339 22391 25475 6931701 5396157 1251984 283560 6926336 5632145 1275839 18352 0 11543499 9229746 2307436 6317 6408674 5964631 308994 135049 0 8113441 5432908 2351253 329280 8043601 5883548 2160053 0 23676163 22520903 1155260 1419849 817115 601922 812 Student Work 10948913 9297084 1497933 153896 EQUIPMENT & MAINTENANCE 1532465 778693 752839 933 Books & Periodicals 2580450 2556313 20493 3644 Awards & Prizes 1174099 1167410 6689 5385704 4341308 857188 187208 411303230 356374654 45354303 9574273 27906034 34511320 0 0 17702255 19079974 33420767 33383677 635000 980000 0 0 12131196 11193605 0 0 8534823 9469143 898685000 320867786 550428707 577817214 178423531 200946025 278158000 304128000 26379588 27028449 0 0 30819869 14549169 1164539770 1233086576 85156200 96068845 0 0 16209572 15959317 156879261 146623674 3313107 1344441 0 0 0 0 0 0 49469570 48940460 311027710 308936737 X 582321389 610195103 101470596 136043241 169720075 177911495 853512060 924149839 1164539770 1233086576 X 36925165 34488890 -408215 -368061 X false true X true true true X 33262000 39426882 33647177 23760202 39681455 169777716 0 0 33262000 39426882 33647177 23760202 39681455 169777716 12197159 157580557 6483000 5633112 6760592 6940218 7623081 33440003 0 153000 171037 126839 261228 253125 965229 204182948 1773793925 0.77176 0.00000 X SCHEDULE A, PART II, LINE 10 OTHER INCOME AMOUNTS CONSIST OF GROSS INCOME FROM FUNDRAISING EVENTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 15588 false true 63000 78588 false Schedule C, Part II-B, Line 1b and 1g PAYMENT FOR TRAVEL AND COMPENSATION FOR UNIVERSITY EMPLOYEES TO ATTEND CAL GRANT LOBBYING DAY IN SACRAMENTO AND LA CHAMBER IN WASHINGTON D.C. SCHEDULE C, PART II-B, LINE 1I THE UNIVERSITY HIRED THE NATIONAL GROUP (D.C. LOBBYING FIRM) TO WORK ON CONTRACTS WITH NASA. THE UNIVERSITY PAYS MEMBERSHIP DUES TO MEMBER 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 412034000 17256000 49349000 4459000 15430000 750000 458000000 409128000 13343000 57689000 4349000 63777000 412034000 435169000 4573000 -20580000 4722000 5312000 409128000 376506000 5364000 64089000 6166000 4624000 435169000 334428000 9623000 38715000 186000 6074000 376506000 0.56000 0.30000 0.14000 false false 49276000 49276000 9961683 434622317 112893092 331690908 44915000 29556017 15358983 157131000 114163108 42967892 202779000 64255569 138523431 577817214 COMMINGLED FUNDS 119242000 F ALTERNATIVE INVESTMENT FUNDS 181924000 F REAL ESTATE AND OTHER 2962000 F 304128000 0 US GOVERNMENT GRANTS REFUNDABLE 10818536 HELD FOR OTHERS 625218 LOAN FUNDS RETURNABLE TO DONOR 1201706 TAXABLE BONDS 36295000 48940460 390590016 34488890 -90946580 -56457690 447047706 1500716 -320027 1180689 448228395 319952239 320027 320027 319632212 91671018 91671018 411303230 SCHEDULE D, PART III, LINE 1A The University has elected not to capitalize collections or works of art. These items would be disclosed in the financial statements if materiality thresholds deemed disclosure appropriate. 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/specialcollections. Art and collections are available for public exhibition and are primarily used for educational purposes. 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. 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. SCHEDULE D, PART X, LINE 2 The University'S FINANCIAL STATEMENTS DO NOT REPORT ANY UNCERTAIN TAX POSITIONS. SCHEDULE D, PART, XI, LINE 2D SCHOLARSHIPS ($90,578,519) DECREASE IN VALUE OF INTEREST SWAP AGREEMENT ($368,061) ------------- ($90,946,580) SCHEDULE D, PART XI, LINE 4B FUNDRAISING DIRECT EXPENSES ($320,027) SCHEDULE D, PART XII, LINE 2D FUNDRAISING DIRECT EXPENSES $320,027 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $90,578,519 INVESTMENT MANAGEMENT FEES $1,092,499 ------------- $91,671,018 true true true true true true true false false false false false false false false true false true Schedule E, Part I, 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. SCHEDULE E, PART I, 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. NATIONAL SECURITY AGENCY 4. UNITED STATES AIR FORCE OFFICE OF SCIENTIFIC RESEARCH 5. U.S. DEPARTMENT OF EDUCATION 6. U.S. DEPARTMENT OF JUSTICE 7. U.S. DEPARTMENT OF AGRICULTURE 8. U.S. FISH AND WILDLIFE SERVICE 9. INSTITUTE OF MUSEUM AND LIBRARY SERVICES true Central America and the Caribbean 4 Program Services Study Abroad/Summer Pr 28037 East Asia and the Pacific 15 Program Services Study Abroad/Summer Pr 260105 Europe (Including Iceland and Greenland) 47 Program Services Study Abroad/Summer Pr 670877 Middle East and North Africa 2 Program Services Study Abroad/Summer Pr 110223 North America 17 Program Services Study Abroad/Summer Pr 66501 South America 11 Program Services Study Abroad/Summer Pr 537651 South Asia 1 Program Services Study Abroad/Summer Pr 2437 Sub-Saharan Africa 1 Program Services Study Abroad/Summer Pr 1362 Central America and the Caribbean Investments 90861709 Europe (Including Iceland and Greenland) Investments 4522205 98 98 97061107 97061107 Scholarship for Tuition Central America and the Caribbean 3 51795 CR STDNT ACC Scholarship for Tuition East Asia and the Pacific 21 227272 CR STDNT ACC Scholarship for Tuition Europe (Including Iceland and Greenland) 63 290819 CR STDNT ACC Scholarship for Tuition Middle East and North Africa 9 42500 CR STDNT ACC Scholarship for Tuition North America 4 64500 CR STDNT ACC Scholarship for Tuition Russia and the Newly Independent States 3 45068 CR STDNT ACC Scholarship for Tuition South America 9 55905 CR STDNT ACC true false true true true false 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 X X X X X X true Wares and Associates 150 ALTADENA DRIVE LOS ANGELES CA 91001 Phone SOLICITS false 115863 22201 93662 115863 22201 93662 CA CJ Dinner 216450 134136 82314 2792 79522 22501 LAA Dinner 163363 136613 26750 438 26312 30320 4 328633 184572 144061 8768 7880 74622 66872 708446 455321 253125 11998 7880 180456 119693 320027 -66902 true Millienium Momentum Foundation Inc 5482 Wilshire Blvd Los Angeles CA 90036 743053136 501(C)(3) 24500 Teach for America 606 S Olive St STE300 Los Angeles CA 90014 133541913 501(C)(3) 13500 Los Angeles Chamber of Commerce FOUNDATION 350 S Bixel Street Los Angeles CA 90017 952597392 501(C)(3) 7500 Loyola High School 1901 Venice Boulevard Los Angeles CA 90006 951664109 501(C)(3) 6600 Catholic Education Foundation 3424 Wilshire 3RD FL Los Angeles CA 90010 951642382 501(C)(3) 6000 5 Scholarship/Grants for Students 6779 89800660 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 true false DAVID W BURCHAM JD PRESIDENT/TRUSTEE 440992 0 19524 24225 0 23969 0 508710 0 0 0 ELENA M BOVE EDD SVP FOR STUDENT AFFAIRS 215328 0 18954 21543 0 19730 0 275555 0 0 0 Rebecca Chandler VP for Human Resources 195695 0 10000 3870 19165 0 61742 0 290472 0 0 0 DENNIS DRAPER DEAN, COLLEGE OF BUS. ADMIN 335078 0 13810 24225 0 19472 0 392585 0 0 0 Thomas O Fleming Jr SVP & CHIEF FINANCIAL OFFICER 248788 0 19777 24225 0 25875 0 318665 0 0 0 FREDERICK GARCIA FORMER VP FOR FACILITIES MGMT 178297 0 6168 17461 0 13740 0 215666 0 0 0 VICTOR J GOLD JD SVP & DEAN OF LAW SCHOOL 335063 0 9180 24225 0 24037 0 392505 0 0 0 Max Good Men's Basketball coach 387361 0 12036 24225 0 18897 0 442519 0 0 0 TIMOTHY HAWORTH VP OF FACILITIES MANAGEMENT 151506 0 397 14590 0 6532 0 173025 0 0 0 JOSEPH HELLIGE SVP & CHIEF ACADEMIC OFFICER 362890 0 19122 24225 0 33363 0 439600 0 0 0 Lori A Husein VP and Controller 188238 0 1499 18987 0 94441 0 303165 0 0 0 JAMES M LANDRY INTERIM VP FOR ENROLLMENT MGMT 184887 0 2260 18073 0 14262 0 219482 0 0 0 Shane Martin Dean, School of Education 269245 0 11607 24225 0 13919 0 318996 0 0 0 Richard Plumb Dean, College of Sci. & Eng. 276352 0 610 24225 0 1865 0 303052 0 0 0 Ernest D Rose PHD Former SVP and Chief Academic 223344 0 36811 21934 0 16736 0 298825 0 0 0 Evelynne B Scarboro SVP FOR ADMINISTRATION 252022 0 9695 24225 0 14120 0 300062 0 0 0 Dennis Slon SVP for University Relations 295143 0 11946 24225 0 13190 0 344504 0 0 0 DAVID W STEWART PresIDent's Prof. of MarkeTING 268543 0 24950 24225 0 21261 0 338979 0 0 0 Maureen Weatherall VP of Enrollment Management 161272 0 1957 15877 0 14765 0 193871 0 0 0 SCHEDULE J, PART I, LINE 1A AND 1B SOCIAL CLUB DUES DAVID W. BURCHAM J.D., VICTOR GOLD J.D., 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 MR. BURCHAM'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 ARE CURRENTLY ALLOWED. MAUREEN WEATHERALL RECEIVED A TEMPORARY HOUSING ALLOWANCE. THIS 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. SCHEDULE J, PART I, LINE 7 The University has a performance-based bonus program to recognize extraordinary achievement. Employees are nominated and amounts proposed by the Senior Vice Presidents, then approved by the President in order for individuals to receive a bonus. Rebecca Chandler, VP for Human Resources, received a bonus in the amount of $10,000 in calendar year 2013 for extraordinary achievement. A California Educational Facilities Authority 521705592 130178VP8 2010-03-30 67035951 REFUNDING CEFA 2008, 1997, AND NEW false false false B California Educational Facilities Authority 521705592 130178V10 2010-03-30 38500000 CEFA REFUND SERIES 2008 false false false C California Educational Facilities Authority 521705592 130178H25 2011-11-22 23629875 REFUNDING CEFA 2001A CIB false false false A 11335951 0 67035951 0 0 0 627483 0 0 24128841 42279627 0 2011 true false true true B 7050000 0 38500000 0 0 0 375000 0 0 0 38125000 0 2010 true false true true C 10994875 0 23629875 0 0 0 390049 0 0 0 23239826 0 2011 true false true true A false true true false false 0.00660 0.00830 0.01490 false false false true B false true true false false 0.01300 0.01650 0.02950 false false false true C 0 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 true true false false false 0 false 0 false true A true B true C true Ernest Rose Former Officer Home Equity Loan X 250000 50000 false true true Dennis Draper Highest Comp Employe Home Equity Loan X 100000 50000 false true true Richard Plumb Highest Comp Employe Home Equity Loan X 550000 550000 false true true Maureen Weatherall Key Employee Home Equity Loan X 150000 150000 false true true David Stewart Highest Comp Employe Home Equity Loan X 200000 180000 false true true 980000 PCAM Trustee is CEO 240446 Parking Service Fee false Margaret Bove-Lamonica Family member of Officer 48655 Compensation false John A Page Family member of trustee 153324 Compensation false X 1 X 75805 fmv X 47 9071865 fmv X Theatrical cameras 0 103843 FMV X Athletic Equipment 0 171023 FMV X FoOD served at events 0 86505 FMV false true true Schedule M, Part I, COLUMN B: THE UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS AND NOT THE NUMBER OF ITEMS. Schedule M, Part I, 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 7,465 INDIVIDUALS WERE SENT W-2S BY THE UNIVERSITY IN CALENDAR YEAR 2013. INCLUDED IN THIS NUMBER ARE 3,061 EMPLOYEES AND 4,403 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 2014, LMU PROVIDED INSTRUCTION, RESEARCH, STUDENT SERVICES, AND ACADEMIC SUPPORT FOR 9,212 FULL-TIME EQUIVALENT STUDENTS. OF THESE STUDENTS, 6,050 WERE UNDERGRADUATES, 2,000 WERE IN VARIOUS GRADUATE PROGRAMS, AND 1,162 WERE ENROLLED AT LOYOLA LAW SCHOOL. FULL TIME FACULTY EMPLOYED WAS 552, PART-TIME WAS 581, FOR A TOTAL FACULTY OF 1,133. 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 OCCURS 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 TRUSTEE'S 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, 2014, THE UNIVERSITY PAID THESE RELIGIOUS COMMUNITIES APPROXIMATELY $2,972,000 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 DECREASE IN VALUE OF INTEREST SWAP AGREEMENT ($368,061) FUNDACION LMU - CASA DE LA MATEADA CALLE LAVERAN 5551 VILLA BELGRANO CORDOBA AR EDUCATION AR 501(C)(3) LMU true CHARITABLE REMAINDER TRUSTS (12) FUNDRAISING CA NA TRUST true POOLED INCOME TRUST (1) FUNDRAISING CA NA TRUST true false false false false false false false false false false false false false false false false false false false