LOYOLA UNIVERSITY OF CHICAGO: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- LOYOLA UNIVERSITY OF CHICAGO (EIN 36-1408475)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-11
- IRS object ID
- 201211329349300966
- Schema version
- 2010v3.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-11T09:22:24-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MONUMENT CIRCLE SUITE 2600 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 361408475 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Loyola University of Chicago | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LOYO | NameControl |
| Phone | 3129158722 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 820 N Michigan Avenue | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 606112147 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | William G LAIRD | Name |
| Title | SR. VP FOR FINANCE & CFO | Title |
| Date Signed | 2012-05-10 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3176817000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Michael J Garanzini SJ | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Pres CEO 820 N Michigan Ave | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 60611 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 806253547 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.luc.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1909 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | We are the nation's largest Jesuit, Catholic University with 16,000 undergraduate, graduate, and doctoral students. We work to expand Knowledge through learning, justice, and faith. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 49 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 48 | NbrIndependentVotingMembers |
| Total Nbr Employees | 7043 | TotalNbrEmployees |
| Total Nbr Volunteers | 216 | TotalNbrVolunteers |
| Total Gross UBI | 512600 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -242898 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 158919450 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 91240626 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 464175929 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 487897862 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 20749280 | InvestmentIncomePriorYear |
| Investment Income Current Year | 22690241 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 5289901 | OtherRevenuePriorYear |
| Other Revenue Current Year | 4036462 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 649134560 | TotalRevenuePriorYear |
| Total Revenue Current Year | 605865191 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 117523415 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 126636507 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 239406595 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 252471904 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 73633 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 30797 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 9937225 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 154793279 | OtherExpensePriorYear |
| Other Expenses Current Year | 156870471 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 511796922 | TotalExpensesPriorYear |
| Total Expenses Current Year | 536009679 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 137337638 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 69855512 | RevenuesLessExpensesCY |
| Total Assets BOY | 1218137699 | TotalAssetsBOY |
| Total Assets EOY | 1558027159 | TotalAssetsEOY |
| Total Liabilities BOY | 455523755 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 463157603 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 762613944 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1094869556 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | LOYOLA UNIVERSITY CHICAGO IS THE NATION'S LARGEST JESUIT, CATHOLIC UNIVERSITY WITH AN ENROLLMENT OF APPROXIMATELY 16,000 UNDERGRADUATE, GRADUATE, AND DOCTORAL STUDENTS. WE ARE A DIVERSE COMMUNITY SEEKING GOD IN ALL THINGS AND WORKING TO EXPAND KNOWLEDGE IN THE SERVICE OF HUMANITY THROUGH LEARNING, JUSTICE, AND FAITH. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 393299443 | Expense |
| Grants | 122322927 | Grants |
| Revenue | 443373535 | Revenue |
| Description | Higher Education, General/Other: Loyola University Chicago currently enrolls approximately 16,000 undergraduate, graduate, and professional students and is home to 10 schools and colleges: Arts and Sciences, Business Administration, Communication, Education, Graduate Studies, Law, Medicine, Nursing, Continuing and Professional Studies, and Social Work. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 42862000 | Expense |
| Grants | 3418730 | Grants |
| Revenue | 0 | Revenue |
| Description | Research: Loyola University Chicago engages in externally funded research projects primarily in medicine and the basic sciences. Through Loyola's Stritch School of Medicine, the University is focused on the development and advancement of medical knowledge as well as the training of students in the research process. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 43990000 | Expense |
| Grants | 894850 | Grants |
| Revenue | 47531597 | Revenue |
| Description | Higher Education Auxiliary Services: Loyola University Chicago provides various goods and services for the benefit of its students, faculty and staff, and in support of educational activities. Services include student housing, food service, bookstores, recreational facilities and transportation. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 480151443 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | true | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | true | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | true | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | true | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | true | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | true | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | true | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 17372 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 7043 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | UK | NameOfForeignCountry |
| Name Of Foreign Country | IT | NameOfForeignCountry |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Name Of Foreign Country | VM | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 49 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 48 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | true | InvestmentInJointVenture |
| Written Policy Or Procedure | true | WrittenPolicyOrProcedure |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ANDREA SABITSANA CONTROLLER | NamePerson |
| Telephone Number | 3129158722 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 820 N Michigan Avenue | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 60611 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (74 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| Patrick Arbor | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Bernard J Beazley | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| James P Bouchard | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| William A Brandt Jr | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Michael J Carbon MD | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Anthony L Chirchirillo | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Rosemary Croghan | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| John F Cuneo Jr | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Ronald E Daly | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Christopher J Devron SJ | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Mary Judith Duchossois | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Paul J Fitzgerald SJ | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Michael J Garanzini SJ | |||||||||
| President & CEO, Trustee | 40.0 | X | 0 | 0 | 0 | X | |||
| Michael J Graham SJ | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| William J Hank | |||||||||
| Vice Chair, Trustee | 1.0 | X | 0 | 0 | 0 | X | |||
| John J Hartman | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Marvin Herman | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Frank Hogan III | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Christina M Johnson-Wolff | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Patrick J Kelly | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Richard J Klarchek | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| William C Kunkler III | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Michael R Leyden | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Patrick C Lynch | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Shirley R Madigan | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Barry C McCabe | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Patrick McGrath SJ | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Carlos Montoya | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Ruthellyn Musil | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Terry E Newman | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Allan J Norville | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Robert L Parkinson Jr | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Joseph A Power Jr | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Michael R Quinlan | |||||||||
| Chairman Emeritus, Trustee | 1.0 | X | 0 | 0 | 0 | X | |||
| John E Rooney | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Bradley M Schaeffer SJ | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Judith A Scully | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Michael D Searle | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Smita N Shah | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Susan S Sher | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Raymond F Simon | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| George Andrews Smith | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Joan E Steel | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Jackie Taylor Holsten | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Terese Terry | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Mary Tolan | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Edward Wanandi | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Kevin W Wildes SJ | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Mary Anna Zollmann BVM | |||||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||||
| Pamela G Costas | |||||||||
| ASST. SECR. & DEPUTY GEN. CNSL | 40.0 | 178590 | 0 | 22038 | X | ||||
| Richard L Gamelli MD | |||||||||
| SR. VP & PROVOST HEALTH SVCS | 10.0 | 496500 | 542480 | 34569 | X | ||||
| Philip D Hale | |||||||||
| VP for Government Affairs | 40.0 | 163469 | 0 | 22193 | X | ||||
| Jonathan R Heintzelman | |||||||||
| Sr. VP for Advancement | 40.0 | 249758 | 0 | 36296 | X | ||||
| Emilio Iodice | |||||||||
| VP, Dir. John Felice Rome Cntr | 40.0 | 285648 | 0 | 19055 | X | ||||
| Eric C Jones | |||||||||
| Assistant Treasurer | 40.0 | 152913 | 0 | 29926 | X | ||||
| Robert D Kelly | |||||||||
| VP for Student Development | 40.0 | 238185 | 0 | 29432 | X | ||||
| Thomas M Kelly | |||||||||
| Sr. VP for Admin Svcs & CHRO | 40.0 | 187910 | 0 | 31165 | X | ||||
| Philip R Kosiba | |||||||||
| VP for Facilities | 40.0 | 214342 | 0 | 29114 | X | ||||
| William G Laird | |||||||||
| Sr. VP for Finance & CFO | 40.0 | 273196 | 0 | 39296 | X | ||||
| Wayne Magdziarz | |||||||||
| Sr. VP for Capital Planning | 40.0 | 224781 | 0 | 27712 | X | ||||
| Susan Malisch | |||||||||
| VP & Chief Information Officer | 40.0 | 224449 | 0 | 19252 | X | ||||
| Ellen Kane Munro | |||||||||
| Sr. VP, Gen. Counsel & Secr. | 40.0 | 222532 | 0 | 38220 | X | ||||
| John P Pelissero PHD | |||||||||
| Provost for Lakeside Campuses | 40.0 | 279970 | 0 | 44521 | X | ||||
| Kelly Shannon | |||||||||
| VP for University Mktg & Comm | 40.0 | 171085 | 0 | 35291 | X | ||||
| Paul K Whelton MD | |||||||||
| VP Hlth Sci and Pres CEO LUHS | 1.0 | 0 | 928737 | 415488 | X | ||||
| Francis Fennell Jr | |||||||||
| Dean, College of Arts & Sci | 40.0 | 199903 | 0 | 29509 | X | ||||
| Abolhassan Jalilvand | |||||||||
| Dean, School of Business | 40.0 | 259890 | 0 | 53779 | X | ||||
| Mamdouh Bakhos MD | |||||||||
| Prof/Chair Thor. & Cardio Surg | 5.0 | 0 | 1066356 | 27164 | X | ||||
| Alexander Ghanayem MD | |||||||||
| Prof/Chief of Spine Surgery | 2.0 | 0 | 748096 | 67244 | X | ||||
| Bruce Lewis MD | |||||||||
| Prof of Medicine, Cardio Div. | 2.0 | 0 | 787887 | 38316 | X | ||||
| Terry Light MD | |||||||||
| Prof/Chair Ortho Surg & Rehab | 5.0 | 138100 | 613433 | 38054 | X | ||||
| Guido Marra MD | |||||||||
| Asst. Prof/Chief Shldr & Elbow | 2.0 | 0 | 751936 | 38054 | X | ||||
| Anthony Barbato MD | |||||||||
| VP of Health Sciences (Former) | 0.0 | 0 | 208175 | 1807 | X | ||||
| John Frendreis | |||||||||
| Provost (Former) | 40.0 | 202291 | 0 | 40550 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 4363512 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 5647100 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 1208045 | TotalOtherCompensation |
| Number Individuals GT100 K | 415 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BARANSKI HAMMER MORETTA SHEEHY | |||||
| 1101 S BENCH ST | GALENA | IL | 61036 | Architect/Planning | 1832261 |
| THE FREE ENTERPRISE SYSTEM | |||||
| ONE SODREL DRIVE | JEFFERSONVILLE | IN | 47130 | SHUTTLE BUS SERVICES | 1141065 |
| JJR LLC | |||||
| 110 MILLER AVENUE | ANN ARBOR | MI | 48104 | LANDSCAPE ARCHITECT | 703052 |
| ROYALL CO | |||||
| 1920 E PARHAM RD | RICHMOND | VA | 232282206 | ENROLLMENT MNGMT SVC | 560637 |
| DELOITTE TOUCHE LLP | |||||
| 4205 COLLECTION CENTER DRIVE | CHICAGO | IL | 60693 | AUDIT/FINANCIAL | 530800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 17 | NumberOfContractorsGT100K |
| Fundraising Events | 825039 | FundraisingEvents |
| Related Organizations | 18453274 | RelatedOrganizations |
| Government Grants | 40126830 | GovernmentGrants |
| All Other Contributions | 31835483 | AllOtherContributions |
| Noncash Contributions | 2501613 | NoncashContributions |
| Total Contributions | 91240626 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition & fees | 611710 | 434771306 | 434771306 |
| AUXILIARY (SEE PART III, LINE 4C) | 611710 | 47058049 | 47058049 |
| Other education and general | 611710 | 6068507 | 6068507 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 487897862 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9132271 | TotalRevenueColumn |
| Unrelated Business Revenue | 39052 | UnrelatedBusinessRevenue |
| Exclusion | $9,093,219 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2150157 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2150157 | RelatedOrExemptFunctionIncome |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 5621030 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 3986752 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1634278 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1634278 | TotalRevenueColumn |
| Exclusion | $1,634,278 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 205428000 | Securities |
| Other | 3656000 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 192697384 | Securities |
| Other | 2828646 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 12730616 | Securities |
| Other | 827354 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 13557970 | TotalRevenueColumn |
| Exclusion | $13,557,970 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 264488 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 825039 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 875574 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -611086 | TotalRevenueColumn |
| Exclusion | -$611,086 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Interest on student loans | 611710 | 389565 | 389565 | |
| CONFERENCE SERVICES | 532000 | 473548 | 473548 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 863113 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 605865191 | TotalRevenueColumn |
| Related Or Exempt Function Income | 490437584 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 512600 | UnrelatedBusinessRevenue |
| Exclusion | $23,674,381 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3115821 | Total |
| Program Services | 3115821 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 123217777 | Total |
| Program Services | 123217777 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 302909 | Total |
| Program Services | 302909 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4529919 | Total |
| Program Services | 1629784 | ProgramServices |
| Management And General | 2550890 | ManagementAndGeneral |
| Fundraising | 349245 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65520 | Total |
| Program Services | 65520 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 195075099 | Total |
| Program Services | 171949867 | ProgramServices |
| Management And General | 18143813 | ManagementAndGeneral |
| Fundraising | 4981419 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14726560 | Total |
| Program Services | 12570901 | ProgramServices |
| Management And General | 1701588 | ManagementAndGeneral |
| Fundraising | 454071 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24810620 | Total |
| Program Services | 21398074 | ProgramServices |
| Management And General | 2684092 | ManagementAndGeneral |
| Fundraising | 728454 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13264186 | Total |
| Program Services | 12042585 | ProgramServices |
| Management And General | 1027325 | ManagementAndGeneral |
| Fundraising | 194276 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 479956 | Total |
| Program Services | 83529 | ProgramServices |
| Management And General | 396427 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 538771 | Total |
| Management And General | 538771 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30797 | Total |
| Fundraising | 30797 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1251182 | Total |
| Management And General | 1251182 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19752809 | Total |
| Program Services | 16009697 | ProgramServices |
| Management And General | 3463953 | ManagementAndGeneral |
| Fundraising | 279159 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3273260 | Total |
| Program Services | 1476983 | ProgramServices |
| Management And General | 1553587 | ManagementAndGeneral |
| Fundraising | 242690 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22351112 | Total |
| Program Services | 20737549 | ProgramServices |
| Management And General | 1056539 | ManagementAndGeneral |
| Fundraising | 557024 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9781245 | Total |
| Program Services | 5537687 | ProgramServices |
| Management And General | 4102236 | ManagementAndGeneral |
| Fundraising | 141322 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 223393 | Total |
| Program Services | 223393 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14570386 | Total |
| Program Services | 13205054 | ProgramServices |
| Management And General | 1098529 | ManagementAndGeneral |
| Fundraising | 266803 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 617382 | Total |
| Program Services | 448545 | ProgramServices |
| Management And General | 23463 | ManagementAndGeneral |
| Fundraising | 145374 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6970842 | Total |
| Program Services | 6596323 | ProgramServices |
| Management And General | 265254 | ManagementAndGeneral |
| Fundraising | 109265 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10316951 | Total |
| Program Services | 8057748 | ProgramServices |
| Management And General | 2103007 | ManagementAndGeneral |
| Fundraising | 156196 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35906463 | Total |
| Program Services | 32279060 | ProgramServices |
| Management And General | 2932184 | ManagementAndGeneral |
| Fundraising | 695219 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 368433 | Total |
| Program Services | 337426 | ProgramServices |
| Fundraising | 31007 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Institutional Support | 8484367 | 7575994 | 391612 | 516761 |
| Operations and maintenance | 6082864 | 6011952 | 55798 | 15114 |
| Auxiliary | 7654809 | 7544171 | 95205 | 15433 |
| Sponsored Research | 2066383 | 1664941 | 377684 | 23758 |
| All other expenses | 6179863 | 6068153 | 107872 | 3838 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 536009679 | Total |
| Program Services | 480151443 | ProgramServices |
| Management And General | 45921011 | ManagementAndGeneral |
| Fundraising | 9937225 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21872 | BOY |
| EOY | 23025 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101826920 | BOY |
| EOY | 80331370 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17055111 | BOY |
| EOY | 15405246 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18079596 | BOY |
| EOY | 22779750 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 100353 | BOY |
| EOY | 106353 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42700301 | BOY |
| EOY | 21983447 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5393493 | BOY |
| EOY | 6084382 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1194686218 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 406858129 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 691855437 | BOY |
| EOY | 787828089 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 211910916 | BOY |
| EOY | 313124566 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 119617593 | BOY |
| EOY | 87179215 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9576107 | BOY |
| EOY | 223181716 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1218137699 | BOY |
| EOY | 1558027159 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45858289 | BOY |
| EOY | 64387200 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 46474892 | BOY |
| EOY | 52047566 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 160992164 | BOY |
| EOY | 159948568 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1679814 | BOY |
| EOY | 1078677 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12402188 | BOY |
| EOY | 14245928 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 118201658 | BOY |
| EOY | 111710772 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69914750 | BOY |
| EOY | 59738892 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 455523755 | BOY |
| EOY | 463157603 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 522067432 | BOY |
| EOY | 823952782 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 115510534 | BOY |
| EOY | 139289841 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 125035978 | BOY |
| EOY | 131626933 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 762613944 | BOY |
| EOY | 1094869556 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1218137699 | BOY |
| EOY | 1558027159 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 69855512 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 262400100 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | true | Volunteers |
| Paid Staff Or Management | true | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | true | DirectContactLegislators |
| Direct Contact Legislators | $212,878 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | false | OtherActivities |
| Total Lobbying Expenditures IIB | 212878 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Lobbying Activity | Identifier |
| Return Reference | Schedule C, Part II-B, Line 1 | ReturnReference |
| Explanation | Philip Hale, VIce President for Government Affairs, is registered as a lobbyist with the U.S. House of Representatives, the United States Senate, and the State of Illinois. Jennifer Clark, Associate Vice President of Campus-Community Planning, and Wayne Magdziarz, Sr. Vice President, Capital Planning & Campus Management, are both registered with the City of Chicago. During fiscal year 2011, the lobbying activities of the University involved contacts with legislators and their staffS at the Federal, State, and City levels. These contacts, through office visits, phone conversations, and large gatherings were principally for purposes of goodwill and for issues related to student financial aid and tax issues at the Federal, State, and City levels. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Historic Structure | X | HistoricStructure |
| Total Number Of Easements | 4 | TotalNumberOfEasements |
| Total Acreage | 0.00 | TotalAcreage |
| Nmbr Hist Struct Easements | 4 | NmbrHistStructEasements |
| Nmbr Hist Struct Easements After | 0 | NmbrHistStructEasementsAfter |
| Nmbr Easements Modified | 0 | NmbrEasementsModified |
| Nmbr States In Which Easements Held | 1 | NmbrStatesInWhichEasementsHeld |
| Written Policy Monitoring | false | WrittenPolicyMonitoring |
| Staff Hours Spent On Enforcement | 10.00 | StaffHoursSpentOnEnforcement |
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 201500 | RevenuesIncluded |
| Assets In Part X | 13436314 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | true | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 315304802 | BeginningOfYearBalance |
| Contributions | 13967327 | Contributions |
| Investment Earnings Or Losses | 70448551 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2905374 | GrantsOrScholarships |
| Other Expenditures | 6824933 | OtherExpenditures |
| Administrative Expenses | 1251182 | AdministrativeExpenses |
| End Of Year Balance | 388739191 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 278873125 | BeginningOfYearBalance |
| Contributions | 11868039 | Contributions |
| Investment Earnings Or Losses | 35226804 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2836049 | GrantsOrScholarships |
| Other Expenditures | 6716120 | OtherExpenditures |
| Administrative Expenses | 1110997 | AdministrativeExpenses |
| End Of Year Balance | 315304802 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 372525616 | BeginningOfYearBalance |
| Contributions | 17395761 | Contributions |
| Investment Earnings Or Losses | -99061253 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3516709 | GrantsOrScholarships |
| Other Expenditures | 7162632 | OtherExpenditures |
| Administrative Expenses | 1307658 | AdministrativeExpenses |
| End Of Year Balance | 278873125 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.47100 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.52300 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00600 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 44674987 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 137093610 | OtherCostOrOtherBasis |
| Book Value | 181768597 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 34113045 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 782471099 | OtherCostOrOtherBasis |
| Depreciation | 326809780 | Depreciation |
| Book Value | 489774364 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 766949 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 36991061 | OtherCostOrOtherBasis |
| Depreciation | 21405517 | Depreciation |
| Book Value | 16352493 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 84371542 | OtherCostOrOtherBasis |
| Depreciation | 42288675 | Depreciation |
| Book Value | 42082867 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 74203925 | OtherCostOrOtherBasis |
| Depreciation | 16354157 | Depreciation |
| Book Value | 57849768 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 787828089 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Marketable Equity Investments | 149809 | F |
| Private Equity Investments | 44880566 | F |
| Fixed Income Investments | 19015014 | F |
| Real Estate | 23133826 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 87179215 | TotalOfBookValueSecurities |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| RECEIVABLE FROM TRINITY HEALTH | 212003000 |
| INTEREST IN PERPETUAL TRUST | 9846587 |
| BENEFICIAL INTEREST IN TRUST | 608994 |
| GIFT PROPERTY | 723135 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 223181716 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Conditional Asset Retirement Obligation | $2,731,147 |
| Refundable Student Loans | $18,132,128 |
| Pension and Other Post Retirement | $38,875,617 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 59738892 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Conservation Easements | Schedule D, Part II, Question 5, 6, 7 and 9 | Loyola University Chicago has two properties listed on the National Register of Historic Places: The Mundelein College Skyscraper and the 14-16 East Pearson building. Further, the University has three properties that are designated as Chicago Landmarks: The Madonna Della Strada Chapel, Lewis Towers and the Mundelein College Skyscraper. There is no specific written policy regarding the periodic monitoring, inspection, violations, and enforcement of the conservation easements held by the University. However, the Office of the General Counsel and the University's Capital Planning Group are aware of the regulations attached to these buildings, as dictated by the National Register of Historic Places and the Commission on Chicago Landmarks. As such, before any changes, modifications or renovations are made to these structures, the appropriate rules and regulations are reviewed and followed. It is estimated that staff members spend approximately ten hours annually on these activities. Additionally, the conservation easements related to the aforementioned buildings are not reported in either the balance sheet or the revenue and expense statement of the University, as there is no book value to the easements. They are solely measures in place to protect the historical integrity of the buildings. |
| Description and purpose of organization's art collections | Schedule D, Part III, Question 4 | The Loyola University Museum of Art (LUMA) Collection was developed foR new acquisitions of art that address the LUMA mission as a complement to the D'Arcy Collection and includes art and artifacts from antiquities to the present. Recent acquisitions have included Neolithic sculpture, contemporary prints, drawings, photographs and textiles. LUMA is dedicated to the exploration, promotion and understanding of art and artistic expression that attempts to illuminate the enduring spiritual questions and concerns of all cultures and societies. The Museum interprets and displays the University's Medieval and Renaissance collection, known as the Martin D'Arcy, S.J. Collection, other Museum permanent collections and rotating exhibitions. As a museum with an interest in education and educational programming, the Loyola University Museum of Art reflects the University's Jesuit Mission and is dedicated to helping men and women of all creeds explore the roots of their own faith and spiritual quest. |
| Balance Sheet Escrow Liabilities explanation | Schedule D, Part IV, Question 2b | Loyola holds assets for various student organizations, study abroad programs, and third-party scholarship awarders in agency accounts, which are pass-through liability accounts where assets are held for the benefit of the third-party. Loyola does not control how these funds are spent and has these accounts set up for the convenience of outside organizations to use Loyola's services. |
| Intended uses of Endowment Funds | Schedule D, Part V, Question 4 | The endowment funds have been established to provide a stable source of FUNDING FOR UNIVERSITY ACADEMIC PROGRAMS, FINANCIAL AID, AND FACULTY SUPPORT ON A LONG-TERM TIME HORIZON. |
| Other Assets | Part X, Line 15 | The increase in other assets is primarily related to Loyola University Chicago's recent transaction with Trinity Health Corporation. Loyola University Chicago has or will receive $212 million in total consideration from Trinity Health related to the sale of Loyola University Health System. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE E, LINE 3 | Identifier |
| Explanation | On Monday, May 23, 2011 the University published an advertisement in the Chicago Tribune, a widely read newspaper in the community. This year's advertisement was titled "Diversity in Thought. Diversity in Faith. Diversity in Practice." SCHEDULE E, LINE 6A A number of federal, state and local agencies issue grants and contracts to the University for research, training and general educational support. | Explanation |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (16 entries)
| RegionRegion | Type Of Activities ConductedTypeOfActivitiesConducted | Total ExpendituresTotalExpenditures | Specific Services ProvidedSpecificServicesProvided | Number Of EmployeesNumberOfEmployees | Number Of OfficesNumberOfOffices |
|---|---|---|---|---|---|
| Europe (Including Iceland and Greenland) | Grantmaking | 144082 | |||
| Sub-Saharan Africa | Grantmaking | 107728 | |||
| Central America and the Caribbean | Grantmaking | 46099 | |||
| South Asia | Grantmaking | 5000 | |||
| Central America and the Caribbean | Program Services | 774985 | Training of teachers | ||
| East Asia and the Pacific | Program Services | 468472 | Study abroad programs | 3 | |
| Europe (Including Iceland and Greenland) | Program Services | 385811 | Field Research | 4 | |
| Middle East and North Africa | Program Services | 12072 | Study abroad programs | ||
| North America | Program Services | 12186 | Archeological FieldwK | ||
| Russia and the Newly Independent States | Program Services | 72894 | Field Research | 1 | |
| South America | Program Services | 30185 | INTL Service Trip | ||
| Sub-Saharan Africa | Program Services | 42270 | Field Research | ||
| Europe (Including Iceland and Greenland) | Program Services | 6142761 | Study Abroad programs | 53 | 1 |
| South America | Program Services | 3000 | Study Abroad Programs | ||
| Central America and the Caribbean | Investments | 3572071 | Foreign investment K1 | ||
| Central America and the Caribbean | Program Services | 151336 | Malpractice Insurance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 1 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 61 | SubtotalNumberOfEmployees |
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 61 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 11970952 | SubtotalAmountSpent |
| Total Amount Spent | 11970952 | TotalAmountSpent |
Grants To Orgs Outside US GrantsToOrgsOutsideUS (7 entries)
| RegionRegion | Purpose Of GrantPurposeOfGrant | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement | Amount Of Non Cash AssistanceAmountOfNonCashAssistance |
|---|---|---|---|---|
| Europe/Iceland/Greenland | Immunopathogenesis of Psoriasis | 100168 | Wire Tfr | 0 |
| Sub-Saharan Africa | Obesity & Diabetes | 28372 | Wire Tfr | 0 |
| Europe/Iceland/Greenland | Funds to adv the org's mission | 10000 | Wire Tfr | 0 |
| Cent. America/Caribbean | Obesity & Diabetes | 46099 | Wire Tfr | 0 |
| Europe/Iceland/Greenland | Obesity & Diabetes | 33914 | Wire Tfr | 0 |
| Sub-Saharan Africa | Obesity & Diabetes | 43200 | Wire Tfr | 0 |
| Sub-Saharan Africa | Genetics of Hypertension in Blacks | 36156 | Wire Tfr | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of501c3 Orgs | 7 | TotalNumberOf501c3Orgs |
| Total Number Of Other Orgs | 0 | TotalNumberOfOtherOrgs |
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Organization's Procedures for Monitoring Use of Grant Funds Outside the US | Schedule F, Part I, Question 2 | Any organizations and entities receiving grants from LUC are required to submit annual progress reports on the use of these funds. These progress reports are monitored and reviewed by the principal investigators to ensure funds are being used appropriately. Description of how expenditures are reported Schedule F, Part I, Line 3, Column (f) We maintain a separate sub-ledger related to our Rome Center study abroad campus, which includes the expenses related to that program. For other study abroad programs which are conducted through other educational institutions, we maintain separate accounting units within our general ledger in order to track these expenses. |
| Method used to account for cash grants in Part II | Schedule F, Part II | Grant Assistance is recognized when expenses are incurred. We maintain a separate accounting unit for each grant within our general ledger in order to track these expenses. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | true | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation (2 entries)
| Name Of IndividualNameOfIndividual | ActivityActivity | Fundraiser Control Of FundsFundraiserControlOfFunds | Gross ReceiptsGrossReceipts | Amount Retained By ContractorAmountRetainedByContractor |
|---|---|---|---|---|
| Campbell Company | TRAINING | false | 0 | 20797 |
| Ter Molen Watkins Brandt | CONSULTING | false | 0 | 10000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 0 | TotalGrossReceipts |
| Total Retained By Contractors | 30797 | TotalRetainedByContractors |
| Licensed States | AL | LicensedStates |
| Licensed States | AK | LicensedStates |
| Licensed States | AZ | LicensedStates |
| Licensed States | AR | LicensedStates |
| Licensed States | CA | LicensedStates |
| Licensed States | CT | LicensedStates |
| Licensed States | DE | LicensedStates |
| Licensed States | DC | LicensedStates |
| Licensed States | FL | LicensedStates |
| Licensed States | GA | LicensedStates |
| Licensed States | GU | LicensedStates |
| Licensed States | HI | LicensedStates |
| Licensed States | ID | LicensedStates |
| Licensed States | IL | LicensedStates |
| Licensed States | IN | LicensedStates |
| Licensed States | IA | LicensedStates |
| Licensed States | KS | LicensedStates |
| Licensed States | KY | LicensedStates |
| Licensed States | LA | LicensedStates |
| Licensed States | ME | LicensedStates |
| Licensed States | MD | LicensedStates |
| Licensed States | MA | LicensedStates |
| Licensed States | MI | LicensedStates |
| Licensed States | MN | LicensedStates |
| Licensed States | MS | LicensedStates |
| Licensed States | MO | LicensedStates |
| Licensed States | MT | LicensedStates |
| Licensed States | NE | LicensedStates |
| Licensed States | NV | LicensedStates |
| Licensed States | NH | LicensedStates |
| Licensed States | NJ | LicensedStates |
| Licensed States | NM | LicensedStates |
| Licensed States | NC | LicensedStates |
| Licensed States | ND | LicensedStates |
| Licensed States | OH | LicensedStates |
| Licensed States | OK | LicensedStates |
| Licensed States | OR | LicensedStates |
| Licensed States | PA | LicensedStates |
| Licensed States | RI | LicensedStates |
| Licensed States | SC | LicensedStates |
| Licensed States | SD | LicensedStates |
| Licensed States | TN | LicensedStates |
| Licensed States | TX | LicensedStates |
| Licensed States | UT | LicensedStates |
| Licensed States | VT | LicensedStates |
| Licensed States | VA | LicensedStates |
| Licensed States | WA | LicensedStates |
| Licensed States | WV | LicensedStates |
| Licensed States | WI | LicensedStates |
| Licensed States | WY | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Stritch Dinner | NameOfEvent1 |
| Gross Receipts Event1 | 647000 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 487850 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 159150 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 8269 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 68000 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 198053 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 15000 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 129726 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Founder Dinner | NameOfEvent2 |
| Gross Receipts Event2 | 442527 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 337189 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 105338 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 261049 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 100594 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 16500 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 78383 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 1089527 | GrossReceiptsTotal |
| Charitable Contributions Total | 825039 | CharitableContributionsTotal |
| Gross Revenue Total Events | 264488 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 8269 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 329049 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 298647 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 31500 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 208109 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 875574 | DirectExpenseSummaryEvents |
| Net Income Summary | -611086 | NetIncomeSummary |
Form990 Schedule G Part IV Form990ScheduleGPartIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Amounts paid to consultants for fundraising, training and consulting | Form 990, Schedule G, Part I, Line 2b | During fiscal year 2011, the University paid two separate organizations for training and consulting services related to fundraising. These services did not provide direct fundraising receipts but instead provided general training and guidance to University staff working in the area of fundraising. The total amount paid for these services was $30,797. |
| Increased Expenses for Founder's Dinner | Schedule G, Part II, Event #2 | During fiscal year 2011, there was a significant increase in our direct expenses for the Founder's Dinner. Due to major construction on the University's Lake Shore Campus, the event took place outdoors and required the rental of a tent and all associated equipment and temporary facilities. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (77 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| Albany Park Community Center | |||||||
| 3403 West Lawrence Avenue | Chicago | IL | 60625 | 362841886 | 501(c)(3) | 40000 | Development of childcare staff |
| Blessed Sacrament Parish | |||||||
| 3615 South Hoyne Avenue | Chicago | IL | 60609 | 611568910 | 501(c)(3) | 5700 | Pastoral excellence project |
| CARES | |||||||
| 5000 S 5th Ave Bldg 1 | Hines | IL | 60141 | 363334177 | 501(c)(3) | 22068 | Health Services research |
| Case Western Reserve University | |||||||
| 10900 Euclid Avenue | Cleveland | OH | 44106 | 341018992 | 501(c)(3) | 30536 | Develop statistical methods |
| Catholic Bishop Of Chicago | |||||||
| 2330 W 118th Street | Chicago | IL | 60643 | 362170826 | 501(c)(3) | 10000 | Pastoral excellence project |
| Center For New Horizons | |||||||
| 4150 South King Drive | Chicago | IL | 60653 | 362729721 | 501(c)(3) | 40000 | Development of childcare staff |
| Chicago Commons | |||||||
| 700 N Sacramento Blvd | Chicago | IL | 60612 | 362169136 | 501(c)(3) | 40000 | Development of childcare staff |
| Children's Memorial Hospital | |||||||
| 2300 Childrens Plaza | Chicago | IL | 60614 | 362170833 | 501(c)(3) | 16533 | Obesity research |
| Chinese American Service League | |||||||
| 2141 South Tan Court | Chicago | IL | 60616 | 362984043 | 501(c)(3) | 40000 | Development of childcare staff |
| Christ The King College | |||||||
| 5088 W Jackson Blvd | Chicago | IL | 60644 | 364067307 | 501(c)(3) | 10000 | Sponsorship King of Hearts Gala |
| City Colleges Of Chicago | |||||||
| 226 W Jackson Blvd | Chicago | IL | 60606 | 362606236 | 501(c)(3) | 15941 | Development of Chem curriculum |
| Cleveland Clinic Foundation | |||||||
| 9500 Euclid Ave | Cleveland | OH | 44195 | 340714585 | 501(c)(3) | 9590 | Study female urinary function |
| Congregation of the Resurrection | |||||||
| 7050 North Oakley Avenue | Chicago | IL | 60645 | 362769695 | 501(c)(3) | 75000 | |
| Drexel University | |||||||
| 3201 Arch St | Philadelphia | PA | 19104 | 231352630 | 501(c)(3) | 30258 | Obesity research |
| Edward Hospital | |||||||
| 801 S Washington St | Naperville | IL | 60540 | 363297173 | 501(c)(3) | 6660 | Patient studies and reports |
| Erie Neighborhood House | |||||||
| 1701 West Superior Street | Chicago | IL | 60622 | 363043253 | 501(c)(3) | 40000 | Development of childcare staff |
| Haitian Health and Education Foundation | |||||||
| 141 Rogers Court | Willowbrook | IL | 60527 | 061135999 | 501(c)(3) | 7500 | Donation for Haiti relief |
| Hamilton College | |||||||
| 198 College Hill Road | Clinton | NY | 13323 | 150532200 | 501(c)(3) | 8013 | Catalytic Amide production |
| Health And Medicine Policy Research Group | |||||||
| 29 E Madison Suite 602 | Chicago | IL | 60602 | 363143826 | 501(c)(3) | 10000 | Schweitzer Fellowship donation |
| Holy Name Family Parish Inverness | |||||||
| 2515 West Palatine Road | Inverness | IL | 60067 | 363390762 | 501(c)(3) | 10000 | Pastoral excellence project |
| Howard Area Community Center | |||||||
| 7648 North Paulina Avenue | Chicago | IL | 60626 | 363008606 | 501(c)(3) | 40000 | Development of childcare staff |
| Illinois Institute Of Technology | |||||||
| 3300 S Federal St | Chicago | IL | 60616 | 362170136 | 501(c)(3) | 63457 | Cardiovascular research |
| Indiana University | |||||||
| 620 Union Dr | Indianapolis | IN | 46202 | 356001673 | 501(c)(3) | 207796 | Neuroscience research |
| Infant Jesus Of Prague | |||||||
| 1131 Douglas Avenue | Flossmoor | IL | 60422 | 362388795 | 501(c)(3) | 10000 | Pastoral excellence project |
| Jane Addams Hull House Association | |||||||
| 1030 W Van Buren St | Chicago | IL | 60607 | 362170135 | 501(c)(3) | 40000 | Development of childcare staff |
| Lutheran Social Svcs | |||||||
| 1001 E Touhy Av | Des Plaines | IL | 60018 | 362584799 | 501(c)(3) | 40000 | Development of childcare staff |
| Massachusetts Institute Of Technology | |||||||
| 77 Massachusetts Ave | Cambridge | MA | 02139 | 042103594 | 501(c)(3) | 19958 | Obesity research |
| Medical University Of South Carolina | |||||||
| 19 Hagood Ave Ste 606 | Charleston | SC | 29425 | 576000722 | 501(c)(3) | 67010 | autoimmune vitiligo tolerance |
| Michigan State University | |||||||
| 301 Adm Bldg | East Lansing | MI | 48824 | 386005984 | 501(c)(3) | 73499 | Sexuality in adolescents |
| Most Blessed Trinity Parish | |||||||
| 450 Keller Avenue | Waukegan | IL | 60085 | 800432313 | 501(c)(3) | 10000 | Pastoral excellence project |
| Northeastern Illinois University | |||||||
| 5500 N St Louis Ave | Chicago | IL | 60625 | 363196229 | 501(c)(3) | 14248 | Researching cognitive memory |
| Ohio State Research Foundation | |||||||
| 1960 Kenny Road | Columbus | OH | 43210 | 316401599 | 501(c)(3) | 16342 | Immune regulation of injury |
| Oregon State University | |||||||
| Offc of Post Award Adm | Corvalis | OR | 97331 | 481278540 | 501(c)(3) | 13760 | Restoring Wetland Biodiversity |
| Our Lady Of Grace Parish | |||||||
| 2455 N Hamlin Avenue | Chicago | IL | 60609 | 362170886 | 501(c)(3) | 10000 | Pastoral excellence project |
| Purdue University | |||||||
| 401 S Grant St | West Lafayette | IN | 47907 | 356002041 | 501(c)(3) | 27429 | Mechanisms of viral proteases |
| Saint Barbara Parish | |||||||
| 2859 S Throop St | Chicago | IL | 60608 | 362170943 | 501(c)(3) | 10000 | Pastoral excellence project |
| Saint Ferdinand Parish | |||||||
| 5900 W Barry Ave | Chicago | IL | 60634 | 362170995 | 501(c)(3) | 10000 | Pastoral excellence project |
| Saint Irenaeus Parish | |||||||
| 78 Cherry Street | Park Forrest | IL | 60466 | 366008212 | 501(c)(3) | 10000 | Pastoral excellence project |
| Saint Viator Parish | |||||||
| 4170 West Addison Street | Chicago | IL | 60641 | 362171148 | 501(c)(3) | 10000 | Pastoral excellence project |
| St Boniface Haiti Foundation | |||||||
| 400 N Main Street | Randolph | MA | 02368 | 043067595 | 501(c)(3) | 7500 | Donation for Haiti relief |
| Tulane University | |||||||
| 1430 Tulane Ave | New Orleans | LA | 70112 | 720423889 | 501(c)(3) | 24518 | Graduate students at Tulane |
| University Of California | |||||||
| 1850 Research Pk Dr | Sacramento | CA | 95817 | 946036493 | 501(c)(3) | 349560 | Leukemia research |
| University Of Chicago | |||||||
| 5801 S Ellis Ave | Chicago | IL | 60637 | 362177139 | 501(c)(3) | 304344 | Cancer research & Homelessness |
| University Of Illinois At Chicago | |||||||
| 1737 W Polk St | Chicago | IL | 60612 | 376000511 | 501(c)(3) | 259939 | Teachers training & HIV research |
| University Of Mississippi | |||||||
| 2500 North State Street | Jackson | MS | 39216 | 646001159 | 501(c)(3) | 19148 | Breast cancer research |
| University Of Missouri | |||||||
| One University Blvd | St Louis | MO | 63121 | 436003859 | 501(c)(3) | 38763 | Serotonin reuptake research |
| University Of New Mexico | |||||||
| 1 Univ of New Mexico | Albuquerque | NM | 87131 | 856000642 | 501(c)(3) | 19262 | Motivational interviewing |
| University Of Washington | |||||||
| 4333 Brooklyn Ave NE | Seattle | WA | 98195 | 916001537 | 501(c)(3) | 13060 | Cancer and stress reduction |
| University Of Wisconsin - Madison | |||||||
| 21 North Park St | Madison | WI | 53715 | 396006492 | 501(c)(3) | 93880 | Mechanical ventilation study |
| American Red Cross | |||||||
| 2200 W Harrison | Chicago | IL | 60612 | 530196605 | 501(c)(3) | 6628 | Federal work study |
| American Quality Schools Corp | |||||||
| 850 West Jackson | Chicago | IL | 60607 | 364298732 | 501(c)(3) | 30846 | Federal work study |
| Asian Human Services | |||||||
| 4753 North Broadway 700 | Chicago | IL | 60640 | 363698770 | 501(c)(3) | 37012 | Federal work study |
| Beacon Street Gallery | |||||||
| PO Box 488 | Geneva | IL | 60134 | 363925584 | 501(c)(3) | 11820 | Federal work study |
| Centro Romero | |||||||
| 6216 North Clark Street | Chicago | IL | 60660 | 363517408 | 501(c)(3) | 25470 | Federal work study |
| Chicago House and Social Service Agency | |||||||
| 1925 North Clybourn 401 | Chicago | IL | 60614 | 363376432 | 501(c)(3) | 21574 | Federal work study |
| Chicago International Charter School | |||||||
| 2235 N Hamilton St | Chicago | IL | 60647 | 992737640 | 501(c)(3) | 9135 | Federal work study |
| Children's Memorial Hospital | |||||||
| 2300 Childrens Plaza | Chicago | IL | 60614 | 362170833 | 501(c)(3) | 6470 | Federal work study |
| Community Counseling Center of Chicago | |||||||
| 4740 N Clark | Chicago | IL | 60640 | 237115384 | 501(c)(3) | 7144 | Federal work study |
| Community Shares of Illinois | |||||||
| 44 East Main 208 | Champaign | IL | 61820 | 363073918 | 501(c)(3) | 21497 | Federal work study |
| Edgewater Chamber of Commerce | |||||||
| 1210 West Rosedale Avenue | Chicago | IL | 60660 | 363311042 | 501(c)(3) | 14843 | Federal Work Study |
| Family Matters | |||||||
| 7731 N Marshfield Ave | Chicago | IL | 60626 | 363588490 | 501(c)(3) | 9809 | Federal Work Study |
| FEMI Memorial Outreach Fund | |||||||
| 5875 N Lincoln Ave | Chicago | IL | 60659 | 030549622 | 501(c)(3) | 22686 | Federal Work Study |
| Hamdard Center | |||||||
| 1542 W Devon Ave | Chicago | IL | 60660 | 363917885 | 501(c)(3) | 28654 | Federal Work Study |
| Housing Opportunities for Women | |||||||
| 1607 W Howard St | Chicago | IL | 60626 | 363263818 | 501(c)(3) | 5340 | Federal Work Study |
| Howard Area Community | |||||||
| 7648 N Paulina | Chicago | IL | 60626 | 363008606 | 501(c)(3) | 5996 | Federal Work Study |
| Indo American Center | |||||||
| 6328 N California Ave | Chicago | IL | 60659 | 363689665 | 501(c)(3) | 15375 | Federal Work Study |
| JHP Community Center | |||||||
| 5110 N Western Avenue | Chicago | IL | 60626 | 364418596 | 501(c)(3) | 5343 | Federal Work Study |
| Lakeside Community Development Corp | |||||||
| 1652 West Wallen Avenue | Chicago | IL | 60626 | 421670630 | 501(c)(3) | 6432 | Federal Work Study |
| Legal Assistance Fund of Metropolitan Chicago | |||||||
| 111 West Jackson Ave | Chicago | IL | 60604 | 362754650 | 501(c)(3) | 8407 | Federal Work Study |
| Living Water Community Church | |||||||
| 6808 North Ashland Blvd | Chicago | IL | 60626 | 364404672 | 501(c)(3) | 27594 | Federal Work Study |
| McGaw YMCA | |||||||
| 1000 Grove Street | Evanston | IL | 60201 | 362169194 | 501(c)(3) | 48870 | Federal Work Study |
| Office of Catholic Schools | |||||||
| 835 North Rush Street | Chicago | IL | 60611 | 362170826 | 501(c)(3) | 29606 | Federal Work Study |
| Sacred Heart Schools | |||||||
| 6250 North Sheridan | Chicago | IL | 60660 | 362170839 | 501(c)(3) | 48262 | Federal Work Study |
| Southeast Asia Center | |||||||
| 1134 W Ainslie STE 300 | Chicago | IL | 60640 | 363168093 | 501(c)(3) | 17595 | Federal Work Study |
| Test Positive Aware Network | |||||||
| 5537 N Broadway | Chicago | IL | 60640 | 363591116 | 501(c)(3) | 8522 | Federal Work Study |
| United Church of Rogers Park | |||||||
| 1545 W Morse Ave | Chicago | IL | 60626 | 362677402 | 501(c)(3) | 6608 | Federal Work Study |
| Youth Organizations Umbrella Inc | |||||||
| 1027 Sherman Avenue | Evanston | IL | 60202 | 362734966 | 501(c)(3) | 136251 | Federal Work Study |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 77 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| Scholarships to Individuals | 10935 | 122379074 |
| Fellowships | 182 | 838703 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, Schedule I | Identifier |
| Return Reference | Description of Organization's Procedures for Monitoring the Use of Grants | ReturnReference |
| Explanation | All grants and scholarships are awarded on a nondiscriminatory basis. Amounts are applied directly towards a student's tuition, room, and board costs, thereby ensuring the funds are used as intended. Additionally, any organizations and entities receiving subcontract grants from Loyola University Chicago are required to submit annual progress reports on the use of these funds. These progress reports are monitored and reviewed by the principal investigators to ensure funds are being used appropriately. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | true | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | true | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (25 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pamela G Costas | |||||||||||||
| 178192 | 0 | 0 | 0 | 398 | 0 | 15198 | 0 | 6840 | 0 | 200628 | 0 | 0 | 0 |
| Richard L Gamelli MD | |||||||||||||
| 496500 | 117024 | 0 | 420559 | 0 | 4897 | 5134 | 15848 | 5582 | 11605 | 507216 | 569933 | 0 | 0 |
| Philip D Hale | |||||||||||||
| 162924 | 0 | 0 | 0 | 545 | 0 | 16503 | 0 | 5690 | 0 | 185662 | 0 | 0 | 0 |
| Jonathan R Heintzelman | |||||||||||||
| 247150 | 0 | 0 | 0 | 2608 | 0 | 23732 | 0 | 12564 | 0 | 286054 | 0 | 0 | 0 |
| Emilio Iodice | |||||||||||||
| 185978 | 0 | 0 | 0 | 99670 | 0 | 18128 | 0 | 927 | 0 | 304703 | 0 | 0 | 0 |
| Eric C Jones | |||||||||||||
| 152685 | 0 | 0 | 0 | 228 | 0 | 13277 | 0 | 16649 | 0 | 182839 | 0 | 0 | 0 |
| Robert D Kelly | |||||||||||||
| 208642 | 0 | 0 | 0 | 29543 | 0 | 18210 | 0 | 11222 | 0 | 267617 | 0 | 0 | 0 |
| Thomas M Kelly | |||||||||||||
| 187469 | 0 | 0 | 0 | 441 | 0 | 16605 | 0 | 15692 | 0 | 220207 | 0 | 0 | 0 |
| Philip R Kosiba | |||||||||||||
| 202285 | 0 | 10000 | 0 | 2057 | 0 | 21152 | 0 | 7962 | 0 | 243456 | 0 | 0 | 0 |
| William G Laird | |||||||||||||
| 270309 | 0 | 0 | 0 | 2887 | 0 | 23732 | 0 | 15564 | 0 | 312492 | 0 | 0 | 0 |
| Wayne Magdziarz | |||||||||||||
| 223931 | 0 | 50 | 0 | 800 | 0 | 22122 | 0 | 5590 | 0 | 252493 | 0 | 0 | 0 |
| Susan Malisch | |||||||||||||
| 223880 | 0 | 50 | 0 | 519 | 0 | 19252 | 0 | 0 | 0 | 243701 | 0 | 0 | 0 |
| Ellen Kane Munro | |||||||||||||
| 219830 | 0 | 50 | 0 | 2652 | 0 | 22315 | 0 | 15905 | 0 | 260752 | 0 | 0 | 0 |
| John P Pelissero PHD | |||||||||||||
| 278143 | 0 | 0 | 0 | 1827 | 0 | 23531 | 0 | 20990 | 0 | 324491 | 0 | 0 | 0 |
| Kelly Shannon | |||||||||||||
| 170441 | 0 | 50 | 0 | 594 | 0 | 17639 | 0 | 17652 | 0 | 206376 | 0 | 0 | 0 |
| Paul K Whelton MD | |||||||||||||
| 0 | 768520 | 0 | 136343 | 0 | 23874 | 0 | 405700 | 0 | 10808 | 0 | 1345245 | 0 | 19343 |
| Francis Fennell Jr | |||||||||||||
| 197647 | 0 | 0 | 0 | 2256 | 0 | 17202 | 0 | 12307 | 0 | 229412 | 0 | 0 | 0 |
| Abolhassan Jalilvand | |||||||||||||
| 258094 | 0 | 0 | 0 | 1796 | 0 | 23732 | 0 | 30047 | 0 | 313669 | 0 | 0 | 0 |
| Mamdouh Bakhos MD | |||||||||||||
| 0 | 810314 | 0 | 250268 | 0 | 5774 | 0 | 20982 | 0 | 8509 | 0 | 1095847 | 0 | 0 |
| Alexander Ghanayem MD | |||||||||||||
| 0 | 611611 | 0 | 135346 | 0 | 1139 | 0 | 20982 | 29190 | 18806 | 29190 | 787884 | 0 | 0 |
| Bruce Lewis MD | |||||||||||||
| 0 | 674692 | 0 | 111500 | 0 | 1695 | 0 | 20982 | 0 | 18952 | 0 | 827821 | 0 | 0 |
| Terry Light MD | |||||||||||||
| 138100 | 361356 | 0 | 228991 | 0 | 23086 | 830 | 20152 | 2225 | 17444 | 141155 | 651029 | 0 | 0 |
| Guido Marra MD | |||||||||||||
| 0 | 542283 | 0 | 208921 | 0 | 732 | 0 | 20982 | 0 | 18663 | 0 | 791581 | 0 | 0 |
| Anthony Barbato MD | |||||||||||||
| 0 | 208175 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1807 | 0 | 209982 | 0 | 0 |
| John Frendreis | |||||||||||||
| 202291 | 0 | 0 | 0 | 0 | 0 | 20660 | 0 | 20879 | 0 | 243830 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Housing allowance or residence for personal use | Schedule J, Part I, Question 1a | Father Garanzini, S.J., the President of the University, is provided with a residence hall room at the Water Tower campus. This room is for his occasional use when he is at the Water Tower campus for certain events and as a way to connect with the student body. |
| Tax Indemnification and gross-up payments | Schedule J, Part I, Question 1a | Emilio Iodice received a tax gross-up payment of $97,840 to cover Italian taxes, as he is an employee of the University's Rome Center. |
| Supp Compensation Information - Supplemental nonqual retirement plan | Schedule J, Part I, Question 4b | Paul K. Whelton is a non-vested participant in the supplemental executive retirement plan (SERP). He received no payments during the year. The SERP is a non-qualified deferred compensation plan administered by Loyola University Medical Center that complies with section 409A of the Internal Revenue Code. Participation is limited to a certain group of executives. Under the plan, benefits vest after five years of service and are payable upon termination of employment. |
| Compensation contingent on revenues | Schedule J, Part I, Question 5b | Incentive payments are made to physicians by LUMC, a related organization, for clinical duties based on a percentage of individual revenues. For purposes of disclosure in Section VII of the core form and Schedule J, such payments have been included as Bonus/Incentive compensation paid by a related organization. |
| Supplemental Compensation Information - Other non-fixed payments | Schedule J, Part I, Question 7 | Robert Kelly received $29,250 in housing assistance payments. Philip Kosiba received a bonus in the amount of $10,000. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| Illinois Educational Facilities Authority | |||||||
| 521297563 | 4520015X4 | 2003-07-16 | 27775752 | Construct/equip residence hall | false | false | false |
| Illinois Finance Authority | |||||||
| 861091967 | 45200BJB5 | 2004-12-02 | 25212697 | Construct/equip WT campus dorm | false | false | false |
| Illinois Finance Authority | |||||||
| 861091967 | 45203TAC0 | 2008-06-04 | 80000000 | SEE SCHEDULE O | false | false | false |
| ILLINOIS FINANCE AUTHORITY | |||||||
| 861091967 | 45200B2C1 | 2007-04-12 | 28980884 | Refund 1997A bonds issued 7/9/97 | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Total ProceedsTotalProceeds | Capitalized InterestCapitalizedInterest | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Amount RetiredAmountRetired | Credit EnhancementCreditEnhancement | Other Spent ProceedsOtherSpentProceeds |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 28214004 | 2509098 | 296051 | 25408855 | 2005 | false | false | true | true | |||
| 26113987 | 1923224 | 265600 | 23587051 | 2006 | false | false | true | true | 670000 | 338113 | |
| 80082002 | 45131597 | 2009 | true | false | true | true | 34950405 | ||||
| 28980884 | 330482 | 2007 | true | false | true | true | 710000 | 28650402 |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| false | true | true | false | true | 0.00000 | 0.00000 | 0.00000 | true |
| false | true | true | false | true | 0.00000 | 0.00000 | 0.00000 | true |
| false | true | true | false | true | 0.00000 | 0.00000 | 0.00000 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate | Term Of GICTermOfGIC | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied |
|---|---|---|---|---|---|---|---|
| (no name) | |||||||
| false | false | false | false | false | true | ||
| Monumental Life | |||||||
| false | false | false | true | false | true | 1.5 | true |
| (no name) | |||||||
| false | true | false | false | false | true | ||
| (no name) | |||||||
| false | false | false | false | false | true | ||
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SEE SCHEDULE O | Identifier |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Robert D Kelly - | NamePerson |
| Purpose Of Loan | purchase of house | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $100,000 | OriginalPrincipalAmount |
| Balance Due | 106353 | BalanceDue |
| Default | false | Default |
| Approved By Board | false | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 106353 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Michael Beazley | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Family Member of Trustee | Relationship |
| Amount Of Transaction | 65520 | AmountOfTransaction |
| Description Of Transaction | Employment | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Business Transactions with interested persons | Identifier |
| Return Reference | Form 990, Schedule L, Part IV | ReturnReference |
| Explanation | Bernard J. Beazley, Trustee, has a family member employed by the reporting organization. | Explanation |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 201500 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | opinions of experts | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 10057 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | cost / selling price | MethodOfDeterminingRevenues |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 9094 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | cost / selling price | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 74 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 2083048 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | cost / selling price | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles |
Food Inventory FoodInventory
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 6 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 8918 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | cost / selling price | MethodOfDeterminingRevenues |
Drugs And Medical Supplies DrugsAndMedicalSupplies
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 10400 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | cost / selling price | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts |
Scientific Specimens ScientificSpecimens
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1230 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | opinions of experts | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | Other - Miscellaneous | Description |
| Number Of Contributions | 538 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 177366 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | cost / selling price | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Third party processing of contributions | Identifier |
| Return Reference | Schedule M, Line 32b | ReturnReference |
| Explanation | The University maintains brokerage relationships to facilitate the processing and selling of securities received from donors. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Describe the Process used by Management &/or Governing Body to Review 990 | Form 990, Part VI, Question 11 | The Form 990 was distributed via the Board of Trustees' secure website to all voting members of the Board of Trustees prior to its filing. The management review process is as follows: A comprehensive report of the Form 990 and all associated workpapers is prepared by the Accounting Department of the University. This is reviewed in detail by the Sr. Tax Analyst and Controller. The Form 990 is then presented and discussed with the Chief Financial Officer for review and comments. A summary presentation of the Form 990 is presented at the Audit Committee meeting of the Board of Trustees. |
| Description of Process to Monitor Transactions for Conflicts of Interest | Form 990, Part VI, Question 12c | Each year, the Conflict of Interest Policy is updated as necessary and distributed to all current officers, directors, trustees, and key employees, along with a Conflict of Interest Disclosure Statement. Every effort is made to obtain completed and signed Disclosure Statements from all those to whom it was distributed. |
| Offices & Positions for Which Process was Used, & Year Process was Begun | Form 990, Part VI, Question 15a, 15b | Executive Compensation has been documented and discussed at least annually at a Compensation Sub-Committee of the Executive Committee of the Board of Trustees. The Human Resources department of the University prepares comparative and historical information for the sub-committee to review for each of the following positions: President, Provosts and Vice-Presidents. The information provided includes a salary history, an annual total compensation tally sheet, a detailed comparison of compensation to other peer institutions including members of the Association of Jesuit Colleges and Universities (AJCU) as well as other doctoral institutions of comparable size. Most of the compensation data comes from the College and University Professional Association - Human Resources (CUPA-HR) annual salary survey. Prior to the meeting, the Chairman of the Board of Trustees reviews the compensation data, assesses performance, and proposes compensation for the President. Prior to the meeting, the President reviews the compensation data, assesses performance, and proposes compensation for the Vice-Presidents. These proposals, along with the comparability data, are then reviewed, discussed and approved at the Compensation Sub-Committee Meeting. Additionally, a summary report of this data and compensation decisions is given to the full Board of Trustees. The Human Resources department documents all of the approvals and decisions made during any Compensation Sub-Committee meetings, retains a copy of reports in its files, and processes any and all changes. |
| Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public | Form 990, Part VI, Question 19 | The Conflict of Interest policy and Financial Statements are made available to the public via the University's website. Governing documents are available upon request. |
| Officers, Directors, Trustees, Key Employees, & Highest Paid Employees | Form 990, Part VII, Section A, Line 1a | FATHER MICHAEL J. GARANZINI, S.J. IS A MEMBER OF THE SOCIETY OF JESUS AND HAS TAKEN A VOW OF POVERTY. DURING CALENDAR YEAR 2010 THE UNIVERSITY PAID COMPENSATION AND BENEFITS IN THE AMOUNT OF $524,003 TO THE SOCIETY OF JESUS, THE FOUNDERS OF LOYOLA UNIVERSITY CHICAGO, FOR HIS SERVICES. |
| HOURS WORKED FOR RELATED ORGANIZATIONS | FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (B) | Name & Title Hours worked for LUMC __________________________________________________________________ CARLOS MONTOYA, TRUSTEE 2 MICHAEL R. QUINLAN, CHAIRMAN EMERITUS, TRUSTEE 2 PAUL K. WHELTON, VP FOR HEALTH SCIENCES AND 40 PRESIDENT & CEO OF LUHS RICHARD L. GAMELLI, MD, SR. VP & PROVOST FOR 30 HEALTH SCIENCES ALEXANDER GHANAYEM, PROFESSOR OF ORTHOPAEDIC 38 SURGERY AND REHABILITATION (AND IN NEUROLOGICAL SURGERY) AND CHIEF, SECTION OF SPINE SURGERY, SCHOOL OF MEDICINE BRUCE LEWIS, PROFESSOR OF MEDICINE, DIVISION OF 38 CARDIOLOGY, SCHOOL OF MEDICINE TERRY LIGHT, DR. WILLIAM M. SCHOLL PROFESSOR OF 35 ORTHOPAEDIC SURGERY AND CHAIRMAN, ORTHOPAEDIC SURGERY AND REHABILITATION, SCHOOL OF MEDICINE GUIDO MARRA, ASSOCIATE PROFESSOR OF ORTHOPAEDIC 38 SURGERY AND REHABILITATION AND CHIEF, SECTION OF SHOULDER AND ELBOW SURGERY, SCHOOL OF MEDICINE Anthony Barbato, Consultant, Former VP for 5 Health Sciences, President & CEO of LUHS MAMDOUH BAKHOS, PROFESSOR AND CHAIRMAN, THORASIC 35 AND CARDIOVASCULAR SURGERY, SCHOOL OF MEDICINE |
| Other changes in net assets or fund balances | Form 990, Part XI, Line 5 | Proceeds from the Sale of LUHS Health Corporation: 209,106,918 Net unrealized gains (losses) on investments: 50,617,332 Changes in Post Retirement Benefit: 12,473,072 LMC Net Asset Transfer: (9,797,222) _____________ Total Other Changes to Net Assets: 262,400,100 Proceeds from the Sale of LUHS During fiscal year 2011, Loyola University Chicago ("LUC") completed a transaction with Trinity Health Corporation ("Trinity"), an Indiana not-for-profit corporation located in Novi, Michigan, pursuant to a Definitive Agreement dated March 31, 2011. As part of the transaction, Trinity replaced LUC as the sole member of LUHS and all of its affiliates, which include Loyola University Medical Center and Gottlieb Memorial Hospital. Trinity assumed control of all the assets of LUHS and retained all of the liabilities of LUHS. In consideration for the transaction, LUC has received or will receive $212 million from Trinity, which was offset by approximately $2 million in expenses related to the sale and a $1 million loss related to the property transfers at the LUHS campus. LMC Net Asset Transfer During fiscal year 2011, the property located at 6455 Sheridan Road was transferred from Loyola Management Company to Loyola University Chicago as it is now primarily a dormitory for students. The internal loan note payable from Loyola Management Company to Loyola University Chicago relating to the property was also canceled. All activities related to the property are now a part of Loyola University Chicago. |
| BOND ISSUES: DESCRIPTION OF PURPOSE | Form 990, Schedule K, Part I, Line C, Column (f) | The 2008 notes refunded the 2004B bonds issued 12-2-2004 and the remaining proceeds financed construction and equipping of various educational facilities. Total Proceeds of Issue Form 990, Schedule K, Part II, Line 3 Column A: The total amount of $28,214,004 includes the original issue price of $27,775,752 and $438,252 of investment earnings. Column B: The total amount of $26,113,987 includes the original issue price of $25,212,697 and $901,290 of investment earnings. Column C: The total amount of $80,082,002 includes the original issue price of $80,000,000 and $82,002 of investment earnings. Explanation of credit enhancement discrepancy Form 990, Schedule K, Part II, Line 10, Column C According to Line 25 of Form 8038 filed for the 6/4/2008 bond issuance, $856,473.61 of bond proceeds were allocated to credit enhancement fees. However, these proceeds were ultimately used for construction costs. Therefore, this amount is reported on Schedule K, Part II, Line 10 instead of on Schedule K, Part II, Line 8. Management Contracts Form 990, Schedule K, Part III, Line 3a, Columns A, B, & C The University has a contract policy that requires review of certain contracts by the University's Finance and Legal departments. Management and services contracts relevant to the bond-financed facilities and entered into pursuant to the policy have been reviewed by outside counsel and determined to have met the safe harbor under Rev Proc 97-13. Research Contracts Form 990, Schedule K, Part III, Line 3b, Column C Although certain research contracts "may" give rise to Private Use, all research facilities in the partially bond-financed building were funded with equity at the time of the bond issuance. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (8 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| Loyola University Health System | |||||||||
| 2160 South 1st Avenue | Maywood | IL | 60153 | 363342448 | Healthcare | IL | 501c3 | 11A Type II | LUC |
| Loyola University Medical Center | |||||||||
| 2160 South 1st Avenue | Maywood | IL | 60153 | 364015560 | Healthcare | IL | 501c3 | 3 | LUHS |
| Loyola University Physician Foundation | |||||||||
| 2 Westbrook Corporate Center Suite | Westchester | IL | 60154 | 363999801 | Healthcare | IL | 501c3 | 9 | NA |
| Loyola Management Company | |||||||||
| 820 N Michigan Avenue | Chicago | IL | 60611 | 363858492 | Title Holding | IL | 501c2 | N/A | LUC |
| Mundelein College | |||||||||
| 820 N Michigan Avenue | Chicago | IL | 60611 | 362179799 | Education | IL | 501c3 | 2 | LUC |
| Gottlieb Memorial Hospital | |||||||||
| 701 W North Avenue | Melrose Park | IL | 60160 | 362379649 | Healthcare | IL | 501c3 | 3 | LUHS |
| Gottlieb Community Health Services Corp | |||||||||
| 701 W North Avenue | Melrose Park | IL | 60160 | 363332852 | Health Svcs | IL | 501c3 | 9 | GMH |
| Krasa Family Trust | |||||||||
| PO BOX 803878 | Chicago | IL | 60680 | 366828217 | Support LUC | IL | 501(c)(3) | 11 | NA |
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressForeign/AddressLine1 | CityAddressForeign/City | Province Or StateAddressForeign/ProvinceOrState | CountryAddressForeign/Country | Postal CodeAddressForeign/PostalCode | Primary ActivityPrimaryActivity | Legal Domicile Foreign CountryLegalDomicileForeignCountry | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Legal Domicile StateLegalDomicileState |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Loyola Univ of Chicago Insur Co Ltd | ||||||||||||||
| PO Box 1159 | Grand Cayman | Cayman Islands | CJ | KY1-1102 | Insurance | CJ | NA | C Corp | ||||||
| Gottlieb Management Services Inc | ||||||||||||||
| Management Svcs | NA | C Corp | 2160 South 1st Avenue | Maywood | IL | 60153 | 363330529 | IL | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | true | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | true | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | true | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (11 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Loyola Management Company | |
| J | 1956417 |
| Loyola Management Company | |
| A | 1132690 |
| Loyola Management Company | |
| R | 13180907 |
| Loyola Management Company (Loan Forgiveness) | |
| Q | 21100000 |
| Loyola University of Chicago Insurance Co Ltd | |
| Q | 151336 |
| Loyola University Medical Center | |
| C | 18258020 |
| Loyola University Medical Center | |
| M | 5524000 |
| Loyola University Medical Center | |
| N | 2037842 |
| Loyola University Medical Center | |
| O | 6394318 |
| Loyola University Medical Center | |
| P | 5739212 |
| Krasa Family Trust | |
| C | 189254 |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Transactions with Related Organizations | Identifier |
| Return Reference | Schedule R, Part V, Line 2 | ReturnReference |
| Explanation | LMC Net Asset Transfer During fiscal year 2011, the property located at 6455 Sheridan Road was transferred from Loyola Management Company to Loyola University Chicago as it is now primarily a dormitory for students. The internal loan note payable from Loyola Management Company to Loyola University Chicago relating to the property was also canceled. All activities related to the property are now a part of Loyola University Chicago. | Explanation |