2015-11-09T11:25:42-07:00 2015-06-30 990 2014-07-01 341226547 LOURDES UNIVERSITY LOUR 4195178894 6832 Convent Blvd Sylvania OH 43560 Robert Rood CFO 4198243730 2015-10-20 2014 2016-04-25 22:37:26Z David Livingston 6832 Convent Boulevard Sylvania OH 43560 33667257 0 X lourdes.edu X 1958 OH Lourdes University, rooted in Catholic and Franciscan traditions, provides a values-centered education that enriches lives and advances academic excellence through the integration of the liberal arts and professional studies. 29 28 741 450 73421 0 4795960 3885647 31516263 28167775 1274189 489549 -584392 23603 37002020 32566574 4773501 5198557 0 0 18683315 17985630 10612 2550 468524 10955373 11687880 34422801 34874617 2579219 -2308043 57500873 55733659 25831129 27313295 31669744 28420364 Lourdes University, rooted in Catholic and Franciscan traditions, provides a values-centered education that enriches lives and advances academic excellence through the integration of the liberal arts and professional studies. 0 0 11809923 0 27977275 Higher Education: Bachelors Degrees are offered in majors including Art, History, English, Music, Philosophy, Biology, Theological Studies, Business, Nursing, Sociology, Social Work, and Library Studies. Masters Degrees are offered in Nursing, Nurse Anesthesia, Business, Theological Studies and Organizational Leadership. 15799662 5198557 0 Higher Education: Student Services are offered in the areas of Admissions, Financial Aid Counseling, Campus Ministry, Learning Resources, Career Services, Athletics Financial Assistance, Disability Services, Personal Counseling, and Residential Life. 347775 0 158844 Higher Education: The Franciscan Center is a conference center which extends the social and education ministries of the Sisters of Saint Francis by presenting cultural and performing arts, educational programming, and extending administrative and technical hospitality services. 0 0 0 27957360 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 118 0 1 741 1 1 1 0 0 0 0 1 1 0 0 0 0 X 29 28 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X Jeffrey Ganues 4195178894 6832 Convent Blvd Sylvania OH 43560 X Carol Howell Anderson Board Member 2 0 X 0 0 0 Richard L Arnos Board Member 2 0 X 0 0 0 Joan E Bayer Board Member 2 0 X 0 0 0 Susan J Block Board Member 2 0 X 0 0 0 Thomas E Brady Board Member 2 0 X 0 0 0 Alan W Brass Board Member 2 0 X 0 0 0 Bruce C Carver Board Member 2 0 X 0 0 0 Cindy Dana Board Member 2 0 X 0 0 0 Larry B Dillin Board Member 2 0 X 0 0 0 Russell J Ebeid Board Member 2 0 X 0 0 0 Ernest C Enrique Board Member & Chair 2 0 X 0 0 0 Michael J Fischer Board Member 2 0 X 0 0 0 Thomas B Geiger Jr Board Member 2 0 X 0 0 0 Michael C Gibbons Board Member 2 0 X 0 0 0 Sister Carolyn Giera Board Member 2 0 X 0 0 0 Jim A Haudan Board Member & Treasurer 2 0 X 0 0 0 Sandra M Hylant Board Member & Vice Chair 2 0 X 0 0 0 Daniel Ibele Board Member 2 0 X 0 0 0 Daniel M Johnson Board Member 2 0 X 0 0 0 Sister Joan C Jurski Board Member 2 0 X 0 0 0 Bruce D Klinger Board Member 2 0 X 0 0 0 Robert W LaClair Board Member 2 0 X 0 0 0 Ann L Meier Board Member 2 0 X 0 0 0 James M Murray Board Member 2 0 X 0 0 0 Sister Rachel M Nijakowski Board Member 2 0 X 0 0 0 Barbara S Steele Board Member & Secretary 2 0 X 0 0 0 Larry D Ulrich Board Member 2 0 X 0 0 0 David F Waterman Board Member 2 0 X 0 0 0 David J Livingston President 40 0 X X 255901 0 66306 Sister Ann Carmen Barone Vice President of Mission & Ministry 40 0 X 0 0 0 Geoffrey Grubb Provost 40 0 X 133881 0 20646 Mary M Arquette Vice President of Institutional Advancement 40 0 X 115554 0 17169 Roseanne Gill-Jacobson Vice President of Student Services 40 0 X 109211 0 27106 Dean Ludwig Vice President of Enrollment 40 0 X 108549 0 29366 Robert Rood - Start date 9-1-14 Vice President of Finance & Administration 40 0 X 43481 0 2101 Dawn AuBuchon Program Administrator of Nurse Anesthesia 40 0 X 149241 0 6824 Jill Ann Liebnau Program Administrator of Nurse Anesthesia 40 0 X 131784 0 18718 Judy A Didion Dean of College of Nursing 40 0 X 119779 0 29606 1167381 0 217842 8 0 1 0 Program Solutions Group 1690 Woodlands Dr Suite 216 Maumee OH 43537 Construction Mgt Services 1857326 Lincoln Financial Group 1300 South Clinton St 6H12 Fort Wayne IN 46802 Employee Retirement 1073852 AVI Foodsystems Inc 2590 Elm Road NE Warren OH 44483 Food Service Provider 813683 Fifth Third Bank PO Box 740523 Cincinnati OH 45274 Banking Services 699778 MCPc Inc PO Box 643283 Pittsburg PA 15264 Technology Products and Solutions 467504 17 0 0 383256 626400 1677787 1198204 52226 3885647 Tuition/Fees/Room and Board 611310 27977275 27977275 0 0 Performing Arts 711110 203 203 0 0 Nature Center & Other Fees 611710 100582 100582 0 0 Conferences and Hospitality 532000 89715 58059 31656 0 0 0 0 0 28167775 419473 0 0 419473 0 0 0 0 0 0 0 0 658478 0 663390 0 -4912 0 -4912 0 0 -4912 439633 0 369557 0 70076 0 70076 0 0 70076 28675 383256 67736 -39061 0 -39061 0 0 0 0 0 0 0 0 0 0 0 0 Catering & Beverage 722320 67576 0 41765 25811 0 0 0 0 67576 32566574 28136119 73421 471387 0 0 5198557 5198557 0 0 0 0 1069048 437061 535954 96033 0 0 0 0 12805311 10856732 1784109 164470 701606 560641 125941 15024 2347843 2021390 271298 55155 1061822 828628 214606 18588 0 0 0 0 21881 0 21881 0 53152 0 53152 0 0 0 0 0 2550 2550 21059 0 21059 0 1027073 820553 206520 0 545320 503092 42228 0 1253865 794825 380583 78457 658130 163305 491779 3046 0 0 0 0 3550563 2656026 894537 0 530261 497297 31455 1509 0 0 0 0 105331 63102 41940 289 640966 0 640966 0 0 0 0 1653701 1653701 0 0 333751 5629 328122 0 Bad Debt Expense 302543 302543 0 0 Federal Grant Expenditures 69050 69050 0 0 Auxiliary 47716 47288 428 0 Recruitment Expenses 222669 209474 13195 0 650849 268466 348980 33403 34874617 27957360 6448733 468524 709 228 10151360 5893233 2868473 1651395 1349640 1280458 0 0 0 0 487702 573832 0 0 192362 553200 48024811 14472369 30465871 33552442 11604559 11852914 0 0 0 0 0 0 380197 375957 57500873 55733659 750409 1542578 0 0 2012074 1791270 20130000 20130000 0 0 0 0 2651157 3475378 0 0 287489 374069 25831129 27313295 X 19570670 16291361 4440287 3967425 7658787 8161578 31669744 28420364 57500873 55733659 X -2308043 -277128 0 0 0 -664209 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7328280 812032 115897 272570 56981 22771 7903887 7522233 636084 1023401 1776623 57038 19777 7328280 6483910 683052 598572 177236 48056 18009 7522233 4170843 2234922 269156 135108 37015 18888 6483910 3381225 276062 686263 129171 27280 16256 4170843 0.038 0.962 0 1 0 0 7236755 7236755 0 20398667 3835391 16563276 0 8794763 4005415 4789348 0 8688284 6343047 2345237 0 2906342 288516 2617826 33552442 0 Investment in annuity contract 66547 Advances from government for federal loans 307522 374069 28457733 277128 0 0 -4635579 -4358451 32816184 0 -249610 -249610 32566574 30761618 0 0 0 522580 522580 30239038 0 4635579 4635579 34874617 Schedule D, Part V, Line 1a The 2014 endowment fund was restated on the 2015 financial statements. A change of $1,562,804 was made to account for the reclassification of permanently restricted pledges out of the endowment footnote. The return has reflected this restatement so that it matches the financial statements going forward. Schedule D, Part V, Line 4 The intended use of the University's endowment funds is to provide equitable scholarship and grant opportunities for students over time, as well as to provide some financial support to the University. All endowed funds are managed in accordance with donor specifications when present. Schedule D, Part XI, Line 2d Institutionally funded student aid of $4,635,579 is netted against revenue for financial statement purposes, but included as expenses on the 990. Schedule D, Part XI, Line 4b Certain Lumination event revenues were netted against expenses for the financial statement purposes, but included in Part VIII on the 990 as revenue $140,810. Expenses related to the property which produced rent income in the amount of ($663,390) are netted against the rental income in Part VIII, but included as expense for financial statement purposes. Certain Investment return in excess of amount designated for current operations are Nonoperating Revenue for the financial statement purposes, but included in Part VII on the 990 as revenue $272,970. The net of these is ($249,610). Schedule D, Part XII, Line 2d The financial statements include in expense $663,390 related to rental income, the 990 nets this against the income. The financials net against expense revenue of $140,810 related to Luminations. This item is included as revenue on the 990. The net of these items is $522,580. Schedule D, Part XII, Line 4b Institutional funded student aid of $4,635,579 is netted against revenue for financial statement purposes, but included as expense on the 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Currently, Lourdes does not explicitly state the non-discriminatory policy through newspaper or broadcast media. However, the University does draw its students from local communities and does follow a racially non-discriminatory policy as to its students. Currently, the University's ratio for racial minority group enrollment exceeds that of the local community, demonstrating meaningful non-discriminatory enrollment numbers. Schedule E, Part I, Line 6 Federal Financial Aid is received for student grant/loan purposes. Luminations 312311 301508 10803 0 0 0 20682 4900 15887 Hit the Links 41350 33502 7848 2000 660 8737 0 0 263 1 58270 48246 10024 0 0 0 11060 0 3548 411931 383256 28675 2000 660 8737 31742 4900 19698 67737 -39062 1 Donor funded scholarships 261 885534 0 Fair Market Value (Cash) Institutional Scholarships 873 4313023 0 Value of discounts given Aggregate discounts on tuition benefitting students. Schedule I, Part I, Line 2 The Financial Aid office monitors the awards of all federal student aid grants. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 David J Livingston President 241580 0 0 0 14321 0 19497 0 46809 0 322207 0 0 0 Geoffrey Grubb Provost 133881 0 0 0 0 0 10881 0 9765 0 154527 0 0 0 Dawn AuBuchon Program Administrator of Nurse Anesthesia 149241 0 0 0 0 0 6647 0 177 0 156065 0 0 0 Jill Ann Liebnau Program Administrator of Nurse Anesthesia 131784 0 0 0 0 0 10232 0 8485 0 150501 0 0 0 Schedule J, Part I, Line 1a A house is provided for use by the President during his employment with the University. The house is contiguous to campus. The President is required to live there for the convenience of Lourdes University and he conducts business activities in the home. The housing is non-taxable. Additionally, the University pays for membership at an area country club for the President during his employment. The cost of the membership is treated as taxable compensation to the President. A Toledo-Lucas County Port Authority 346406986 2013-12-27 20130000 Refund prior issue dated 05/31/2007, land, and buildings and structures 0 0 0 A 0 0 20130000 0 0 0 219734 0 0 3877616 0 0 2011 0 0 1 1 A 0 0 0 0 0 0 0 1 0 1 A 0 1 0 0 1 0 0 0 1 A 0 X 5 52226 Fair Market Value 0 1 0 Form 990, Part VI, Section A, Line 6 Lourdes University is a sponsored ministry of the Sisters of Saint Francis. The sisters approve all University Board members and certain large transactions, making them a member. Form 990, Part VI, Section A, Line 7a Board members are recommended by the Administration of the University and approved by the Board of Trustees and the Sisters of Saint Francis. In addition, the Sisters of Saint Francis must approve any purchase, sale of assets, or borrowing of $500,000 or greater. The Sisters also must approve the hiring of the President of the University when applicable. Form 990, Part VI, Section A, Line 7b The leadership of the Sisters of Saint Francis must approve all recommended Board members as well as any presidential hire. In addition, purchases, sales, or borrowings of $500,000 or greater require their approval. Form 990, Part VI, Section B, Line 11b The 990 is prepared by the Finance office and reviewed by an independent CPA firm. This draft is made available to the Board of Trustees for review prior to filing with the IRS. Form 990, Part VI, Section B, Line 12c The Vice President of Institutional Advancement reviews the conflict of interest policy with the current board members. As conflicts arise, the full board is made aware of the conflict and the affected member will recuse themselves from any relevant discussion and subsequent voting. Form 990, Part VI, Section B, Line 15 The Compensation Committee annually reviews the President's overall compensation package. They engage Findley Davies Inc. to provide comparability data and use this data to determine a competitive package each year. The Compensation Committee maintains contemporaneous documentation and recordkeeping for all decisions and decisions related to President's overall compensation package. Form 990, Part VI, Section C, Line 19 Lourdes makes available to the public its governing documents, conflict of interest policy, and financial statements upon request. Form 990, Part VII, Section A, Line 1a Note that Sister Ann Carmen Barone, who is listed as an Officer, receives compensation. However, since the compensation goes to the Religious Community, no W2 is issued, and thus no amounts are listed here. For informational purposes, reportable compensation paid from the organization was $91,360 and other compensation from the organization was $8,925. Form 990, Part XI, Line 9 There are several reconciling items. One relates to a ($1,673) change in the value of split interest agreements. The other relates to the closure of the Franciscan Academy of Lourdes University. When the University closed the Academy, ($662,536) of Net Assets were added to the Lourdes University Net Assets. The net of these is ($664,209). Lourdes Properties 6832 Convent Blvd Sylvania OH 43560 341968998 Public Apt Rentals OH 658478 11191170 N/A Center Enterprises 6832 Convent Blvd Sylvania OH 43560 341809820 Catering services OH 67576 150487 N/A Lourdes Main St Properties 6832 Convent Blvd Sylvania OH 43560 341226547 Hold property OH 428 189207 N/A Sisters of St Francis Sylvania 6832 Convent Blvd Sylvania OH 43560 344450609 Religious OH 501(c)(3) 1 N/A 0 0 1 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0