2026-05-15T09:58:23+00:00 2025-06-30 440160260 Forvis Mazars LLP 111 E Wayne Street Suite 600 Fort Wayne IN 46802 990 2024-07-01 341226547 LOURDES UNIVERSITY LOUR 4198243730 6832 CONVENT BLVD SYLVANIA OH 43560 GERI GREGOR INTERIM CFO 2026-05-15 true true Lauren Denton P01571860 2604604000 2026-05-15 2024 2025-03-06 01:10:19Z WILLIAM BISSET 6832 CONVENT BLVD SYLVANIA OH 43560 32339838 false X WWW.LOURDES.EDU X 1958 OH LOURDES UNIVERSITY, ROOTED IN CATHOLIC AND FRANCISCAN TRADITIONS, PROVIDES A VALUES-CENTERED EDUCATION THAT ENRICHES LIVES AND ADVANCES ACADEMIC EXCELLENCE. 24 23 518 200 91211 0 9652366 8184919 24108602 23005106 1027204 620128 248638 112985 35036810 31923138 9589429 8303230 0 13819520 12625579 0 797618 16381678 16554834 39790627 37483643 -4753817 -5560505 38209529 38025384 18148015 20624468 20061514 17400916 LOURDES UNIVERSITY, ROOTED IN CATHOLIC AND FRANCISCAN TRADITIONS, PROVIDES A VALUES-CENTERED EDUCATION THAT ENRICHES LIVES AND ADVANCES ACADEMIC EXCELLENCE THROUGH THE INTEGRATION OF THE LIBERAL ARTS AND PROFESSIONAL STUDIES. false false 17060812 HIGHER EDUCATION: STUDENT SERVICES ARE OFFERED IN THE AREAS OF ADMISSIONS, FINANCIAL AID COUNSELING, CAMPUS MINISTRY, LEARNING RESOURCES, CAREER SERVICES, ATHLETICS, FINANCIAL ASSISTANCE, DISABILITY SERVICES, PERSONAL COUNSELING, AND RESIDENTIAL LIFE. 13852057 8303230 22913895 HIGHER EDUCATION: 537 UNDERGRADUATE STUDENTS ENROLLED: BACHELOR'S DEGREES ARE OFFERED IN MAJORS INCLUDING ART, HISTORY, ENGLISH, MUSIC, PHILOSOPHY, BIOLOGY, THEOLOGICAL STUDIES, BUSINESS, NURSING, SOCIOLOGY, SOCIAL WORK, AND LIBRARY STUDIES. 205 GRADUATE STUDENTS ENROLLED: MASTER'S AND/OR DOCTORAL DEGREES ARE OFFERED IN NURSING, NURSE ANESTHESIA, BUSINESS, THEOLOGICAL STUDIES, AND ORGANIZATIONAL LEADERSHIP. 251402 HIGHER EDUCATION: THE FRANCISCAN CENTER IS A CONFERENCE CENTER WHICH EXTENDS THE SOCIAL AND EDUCATION MINISTRIES OF THE SISTERS OF SAINT FRANCIS BY PRESENTING CULTURAL AND PERFORMING ARTS, EDUCATION PROGRAMMING, AND EXTENDING ADMINISTRATIVE AND TECHNICAL HOSPITALITY SERVICES. 31164271 true true false false false false false false false true true false false false true false false true true false false false false false true false false false true true true false false false false false false false true false false false false false false true true false false false false true 1090 0 518 true true true false false false false true true false false false false false false X 24 23 false false false false true true true true true false false false true true true true true true true false false false X GERI GREGOR 4198243730 6832 CONVENT BLVD SYLVANIA OH 43560 CHRYS PETERSON SECRETARY 1.0 X X 0 0 0 PARRIS M COLEMAN II CHAIR 1.0 X X 0 0 0 THOMAS J WINSTON TREASURER 1.0 X X 0 0 0 THOMAS P DILLON VICE CHAIR 1.0 X X 0 0 0 William Bisset President 50.0 X X 330152 0 33795 ALAN SATTLER TRUSTEE 1.0 X 0 0 0 ANDREA GWYN TRUSTEE 1.0 X 0 0 0 GEORGE A BRYMER TRUSTEE 1.0 X 0 0 0 JAMES R GANT ESQ TRUSTEE 1.0 X 0 0 0 JAY R JINDAL TRUSTEE 1.0 X 0 0 0 JOE NAPOLI TRUSTEE 1.0 X 0 0 0 KAYE ALDRIDGE TRUSTEE 1.0 X 0 0 0 MARTHA E VETTER TRUSTEE 1.0 X 0 0 0 MAUREEN M KENNEY TRUSTEE 1.0 X 0 0 0 MICHAEL S KORALEWSKI TRUSTEE 1.0 X 0 0 0 PATRICK TROMPETER TRUSTEE 1.0 X 0 0 0 RICHARD S SWEENEY TRUSTEE 1.0 X 0 0 0 SEAN E SAVAGE TRUSTEE 1.0 X 0 0 0 SR LAUREEN M PAINTER OSF TRUSTEE 1.0 X 0 0 0 SR RACHEL M NIJAKOWSKI OSF TRUSTEE 1.0 X 0 0 0 SR REBECCA A RUTKOWSKI OSF TRUSTEE 1.0 X 0 0 0 SUSAN L CONDA TRUSTEE 1.0 X 0 0 0 SYDNEY WILLIAMS TRUSTEE 1.0 X 0 0 0 WILLIAM J CARROLL TRUSTEE 1.0 X 0 0 0 Ashley Benson VP of Student Affairs 45.0 X 85826 0 23191 Bryan Barshel left 824 VP of Finance & Administration 45.0 X 84628 0 19871 Kate Beutel Interim Provost, Dean College of Arts & Sciences 45.0 X 109976 0 30970 Scott Wills VP of Institutional Advancement 45.0 X 79877 0 15385 Sr Barbara Vano OSF VP of Mission and Ministry 45.0 X 84660 0 13230 Stephen Lazowski left 425 VP of Enrollment 45.0 X 36426 0 7336 Howard Brown Assistant Director of NAP 40.0 X 135196 0 3131 Jami Curley Dean College of Nursing and Social Sciences 40.0 X 105515 0 14517 Susan Rawson left 625 Director of NAP 40.0 X 222469 0 10684 Yasser Alhenawi Dean of College of Business and Leadership 40.0 X 118332 0 30895 1393057 0 203005 9 true true false DYNAMIC CAMPUS SOLUTIONS 2806 FLINTROCK TRACE SUITE A205 AUSTIN TX 78738 TECHNOLOGY SERVICE 1805215 AVI FOODSYSTEMS INC 2590 ELM ROAD NE WARREN OH 44483 FOOD SERVICE 1012758 SYNERGIS EDUCATION 1201 S ALMA SCHOOL ROAD MESA AZ 85210 ENROLLMENT SERVICES 887267 SPARK451 INC 865 MERRICK AVE STE 451 WESTBURY NY 11590 ENROLLMENT SERVICES 354100 ANTHOLOGY INC 5201 CONGRESS AVE ST 220 BOCA RATON FL 33487 ERP SYSTEMS 276105 10 37295 6000000 1249792 897832 8184919 TUITION AND FEES 611310 19265129 19265129 ROAM AND BOARD 721310 3364802 3364802 OTHER PROGRAM SERVICE 611310 283964 283964 CONFERENCE AND HOSPITALITY 611310 48905 48905 CATERING AND BEVERAGE 611310 42306 42306 0 0 0 0 23005106 554281 554281 370729 257744 112985 0 112985 112985 212663 1800 148616 64047 1800 65847 65847 10340 37295 10340 0 0 0 0 0 0 0 31923138 22913895 91211 733113 8303230 8303230 1302137 715069 494447 92621 8449806 7201530 844957 403319 242701 210321 17334 15046 1922901 1261964 549426 111511 708034 573971 97970 36093 6661 6420 241 71600 71600 17886 17886 1779018 1308881 467337 2800 41819 18043 23776 1917637 1428786 410463 78388 2347257 1706547 640710 5056122 4502107 554015 645523 621256 23237 1030 67130 47919 11290 7921 525955 525955 2222520 2048568 149599 24353 715124 207982 507142 RECRUITMENT EXPENSE 820038 820038 DUES AND MEMBERSHIPS 225371 104509 120102 760 BAD DEBT EXPENSE 95173 95173 0 0 0 0 37483643 31164271 5521754 797618 384 364 1176495 1921676 857745 540936 534939 359886 0 0 0 0 564033 453467 0 0 384920 453335 45332709 25875961 21203825 19456748 11989061 13283187 0 0 0 1498127 1555785 38209529 38025384 2423815 4334647 0 0 1109190 1257398 9302920 9104474 0 0 0 0 4558027 4310256 0 720800 754063 896893 18148015 20624468 X 6425693 2893811 13635821 14507105 20061514 17400916 38209529 38025384 X -5560505 668796 2173453 57658 X false true true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9442304 90197 1263432 471745 10324188 8940750 164310 770183 436802 -3863 9442304 8587217 225282 588029 281244 171075 7459 8940750 10337286 270702 -1496553 324610 188485 11123 8587217 8530811 185576 2119262 305794 183423 9146 10337286 0.0291 0.9709 0.0 false false 3631201 3631201 16777019 7840284 8936735 13292245 8837594 4454651 8650827 7606990 1043837 2981417 1591093 1390324 19456748 Federal Income Taxes ANNUITIES PAYABLE 32785 ADVANCES FROM GOVERNMENT 552044 FINANCE LEASE LIABILITIES 312064 896893 26719901 668796 2173453 257744 3099993 23619908 8303230 8303230 31923138 29438157 257744 257744 29180413 8303230 8303230 37483643 Schedule D, Part X, Line 2 FIN 48 (ASC 740) FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part V, Line 4 Intended uses of endowment funds THE INTENDED USE OF THE UNIVERSITY'S ENDOWED FUNDS IS TO PROVIDE EQUITABLE SCHOLARSHIPS AND GRANT OPPORTUNITIES FOR STUDENTS OVER TIME AS WELL AS PROVIDE SOME FINANCIAL SUPPORT TO THE UNIVERSITY. ALL DONOR FUNDS ARE MANAGED ACCORDING TO DONOR RESTRICTIONS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 RENTAL EXPENSE - 257744 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements STUDENT AID - 8303230 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSE - 257744 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements STUDENT AID - 8303230 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY CURRENTLY, LOURDES DOES NOT EXPLICITLY STATE THE NON-DISCRIMINATION POLICY THROUGH NEWSPAPER OR BROADCAST MEDIA. HOWEVER, THE UNIVERSITY DOES DRAW ITS STUDENTS FROM LOCAL COMMUNITIY AND DOES FOLLOW A NON-DISCRIMINATION POLICY. THE POLICY IS EASILY ACCESSIBLE ON THE LOURDES WEBSITE INCLUDING CONTACT INFORMATION. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT FEDERAL FINANCIAL AID IS RECEIVED FOR STUDENT GRANT/LOAN PURPOSES. HIT THE LINKS 47635 37295 10340 10340 0 0 47635 37295 10340 10340 10340 0 true DONOR FUNDED SCHOLARSHIPS 149 386125 INSTITUTIONAL SCHOLARSHIPS 609 7917105 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE FINANCIAL AID OFFICE MONITORS THE AWARDS OF ALL FEDERAL STUDENT AID AND GRANTS. X X true true X X X X false false false false false false false false false William Bisset President 296669 0 0 0 33483 0 12000 0 21795 0 363947 0 0 0 Susan Rawson left 625 Director of NAP 218662 0 0 0 3807 0 8746 0 1938 0 233153 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use A HOUSE WAS PROVIDED FOR USE BY THE PRESIDENT DURING THEIR EMPLOYMENT WITH THE UNIVERSITY. THE PRESIDENT IS REQUIRED TO LIVE THERE FOR THE CONVENIENCE OF LOURDES UNIVERSITY AND THE PRESIDENT CONDUCTS BUSINESS ACTIVITIES FROM HOME. THE HOUSE IS NON-TAXABLE. Schedule J, Part I, Line 1a Health or social club dues or initiation fees THE UNIVERSITY PAYS FOR MEMBERSHIP AT AN AREA COUNTRY CLUB FOR THE PRESIDENT DURING THEIR EMPLOYMENT. THIS IS FOR BUSINESS USE AND IS SUBSTANTIATED BY DETAILED INVOICES. THE COST OF THE MEMBERSHIP IS CONSIDERED NON-TAXABLE. A TOLEDO-LUCAS COUNTY PORT AUTHORITY 346406986 2020-08-01 10480000 BUILDINGS AND STRUCTURES false false false A 940834 10480000 8570849 206551 10327557 true false true true A false false false false false false 0 0 0.0 true false 0 false true A false true false false true false 0 false false false 0 false false true A false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 1012758 INDEPENDENT CONTRACTOR false Form 990, Part VI, Line 1a NON-INDEPENDENT BOARD MEMBERS WILLIAM BISSET IS A COMPENSATED EMPLOYEE OF LOURDES UNIVERSITY AND IS THEREFORE CONSIDERED A NON-INDEPENDENT BOARD MEMBER. Form 990, Part VI, Line 6 Classes of members or stockholders LOURDES UNIVERSITY IS A SPONSORED MINISTRY OF THE SISTERS OF SAINT FRANCIS. THE SISTERS APPROVE ALL UNIVERSITY BOARD MEMBERS AND CERTAIN LARGE TRANSACTIONS MAKING THEM A MEMBER. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body BOARD MEMBERS RECOMMENDED BY THE ADMINISTRATION OF THE UNIVERSITY AND APPROVED BY THE BOARD OF TRUSTEES AND THE SISTERS OF SAINT FRANCIS MUST APPROVE ANY PURCHASES, SALE OF ASSETS OR BORROWING OVER $500,000. THE SISTERS MUST ALSO APPROVE THE HIRING OF THE PRESIDENT OF THE UNIVERSITY WHEN APPLICABLE. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders THE LEADERSHIP OF THE SISTERS OF SAINT FRANCIS MUST APPROVE ALL BOARD MEMBERS AS WELL AS PRESIDENTIAL HIRES. IN ADDITION PURCHASES, SALES OR BORROWING OF $500,000 OR GREATER REQUIRES THEIR APPROVAL. Form 990, Part VI, Line 11b Review of form 990 by governing body THE 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS REVIEWED BY MANAGEMENT. A COPY IS THEN PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW. Form 990, Part VI, Line 12c Conflict of interest policy CONFLICT OF INTEREST POLICIES ARE REVIEWED WITH CURRENT BOARD MEMBERS. AS CONFLICTS ARISE, THE FULL BOARD IS MADE AWARE OF THE CONFLICT AND AFFECTED MEMBER WILL RECUSE THEMSELVES FROM RELEVANT DISCUSSIONS AND SUBSEQUENT VOTING. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION COMMITTEE ANNUALLY REVIEWS THE PRESIDENT'S OVERALL COMPENSATION PACKAGE. THEY ENGAGE USI CONSULTING GROUP TO PROVIDE COMPARABLE DATA TO DETERMINE A COMPETITIVE PACKAGE. THE COMMITTEE MAINTAINS CONTEMPORANEOUS DOCUMENTATION AND RECORD KEEPING FOR ALL DISCUSSIONS RELATED TO PRESIDENT'S OVERALL COMPENSATION PACKAGE. Form 990, Part VI, Line 19 Required documents available to the public LOURDES UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - 57658; Total - 57658; LOURDES PROPERTIES 6832 CONVENT BLVD SYLVANIA OH 43560 341968998 PUBLIC APT RENTALS OH 282722 7890052 LOURDES UNIVERSITY CENTER ENTERPRISES 6832 CONVENT BLVD SYLVANIA OH 43560 341809820 CATERING SERVICES OH 64639 31545 LOURDES UNIVERSITY LOURDES MAIN ST PROPERTIES 6832 CONVENT BLVD SYLVANIA OH 43560 341226547 HOLD PROPERTY OH 0 189207 LOURDES UNIVERSITY SISTERS OF ST FRANCIS 6832 CONVENT BLVD SYLVANIA OH 43560 344450609 RELIGIOUS OH 501(c)(3) 1 NO false false false true false true false false false false false true false true true true true true false false