2026-06-15T10:11:44-07:00 2025-07-31 990 2024-08-01 720408946 LOYOLA UNIVERSITY LOYO 5048653960 6363 St Charles Avenue New Orleans LA 70118 Stuart Gay Chief Financial Officer 5048652881 2026-06-13 1 2024 2025-03-06 01:10:19Z Stuart Gay 6363 St Charles Avenue New Orleans LA 70118 352046198 0 X http://loyno.edu X 1912 LA Loyola University New Orleans, a Jesuit and Catholic institution of higher education, welcomes students of diverse backgrounds and prepares them to lead meaningful lives with and for others; to pursue truth, wisdom, and virtue; and to work for a more just world. Inspired by Ignatius of Loyola's vision of finding God in all things, the university is grounded in the liberal arts and sciences, while also offering opportunities for professional studies in undergraduate and selected graduate programs. Through teaching, research, creative activities, and service, the faculty, in cooperation with the staff, strives to educate the whole student and to benefit the larger community. 29 27 2178 331 199081 0 11864843 15871847 189858095 190450133 14901665 18761184 179169 199081 216803772 225282245 99733556 96484173 0 0 66399130 70041956 0 5500 2794724 55441455 56325349 221574141 222856978 -4770369 2425267 708940262 721542172 369045911 373411026 339894351 348131146 Loyola University New Orleans, a Jesuit and Catholic institution of higher education, welcomes students of diverse backgrounds and prepares them to lead meaningful lives with and for others; to pursue truth, wisdom, and virtue; and to work for a more just world. Inspired by Ignatius of Loyola's vision of finding God in all things, the university is grounded in the liberal arts and sciences while also offering opportunities for professional studies in undergraduate and selected graduate programs. Through teaching, research, creative activities, and service, the faculty, in cooperation with the staff, strives to educate the whole student and to benefit the larger community. 0 0 194411377 96484173 190450133 Loyola University New Orleans is a private, Catholic, Jesuit comprehensive university, open to students of all faiths. Loyola has 4,223 students - 2,912 undergraduates, 547 graduate students, 90 doctoral students, 648 law students and 26 continuing education students. The university comprises six colleges: Business, Arts and Sciences, Law, Music and Media, Nursing and Health, and City College, which is Loyola's online college that offers a variety of online programs. Loyola offers 1 associate degree, 53 undergraduate degree programs (of which 52 are on-campus, 6 fully online, 1 hybrid, one Prison Education Program, and 1 certificate); 26 graduate programs (of which 12 are on-campus, 12 fully online, 7 hybrid, 2 extension, and 17 certificates). Plus 16 Continuing Education programs. 0 0 0 194411377 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 6277 0 1 2178 1 1 1 0 0 0 1 1 1 1 0 0 0 1 1 0 0 0 X 29 27 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ CA CO DC LA MA MS NH NY OR SC VA WA X X Stuart M Gay 5048652881 6363 St Charles Avenue New Orleans LA 70118 X Xavier Cole President 40 X 470003 0 32474 Carol Markowitz SVP/Chief Operating Officer 40 X 437500 0 40252 Madeline Landrieu Dean of College of Law 40 X 310000 0 16701 Paul Cesarini Dean of City College 40 X 247115 0 76332 Michelle Collins Dean College of Nursing and Health 40 X 265385 0 38931 Maria Calzada Interim Provost 40 X 242308 0 37106 Mary Algero Professor of Law 40 X 201726 0 59405 Sheryl Kennedy Haydel Dean of Music and Media 40 X 224615 0 27783 Robert Verchick Professor of Law 40 X 204819 0 37028 Sharonda Williams VP and General Counsel and Dir Gov Affairs 40 X 200000 0 22820 Blaine Lecesne Professor of Law 40 X 200331 0 22380 Leonard Kahn Dean College of Arts and sciences 40 X 186923 0 22206 Stephanie Hotard Vice Pres University Advancement 40 X 182152 0 22766 Gustavo Barboza Professor College of Business 40 X 187000 0 14732 Alicia Bourque Vice President Student Affairs 40 X 130000 0 33089 Anthony Jones Vice President Enrollment Management 40 X 150096 0 9682 Patricia Nugent Interim Dean 40 X 106588 0 23137 Christopher Wiseman Vice Pres University Advancement 40 X 85031 0 10352 Stuart Gay Chief Financial Officer 40.00 X 30769 0 2992 Michael Bell Board Member 1 X 0 0 0 John Brown SJ Board Member 1 X 0 0 0 John Cecero SJ Board Member 1 X 0 0 0 Thomas Curran SJ Board Member 1 X 0 0 0 Brian Dunkle SJ Board Member 1 X 0 0 0 Benjamin C Fields Board Member 1 X 0 0 0 Joe George Board Member 1 X 0 0 0 Caroline Gonzalez Board Member 1 X 0 0 0 Nancy Hairston Board Member 1 X 0 0 0 Morton Katz Board Member 1 X 0 0 0 Rachel Kent Board Member 1 X 0 0 0 Dennis Lauscha Board Member 1 X 0 0 0 Brian Linnane SJ Board Member 1 X 0 0 0 Gregory Rattler Board Member 1 X 0 0 0 Scott Rodger Board Member 1 X 0 0 0 Lisa Osborne Ross Board Member 1 X 0 0 0 Leah Schlater-Brown Board Member 1 X 0 0 0 Jared Schoch Board Member 1 X 0 0 0 Leo Seoane Board Member 1 X 0 0 0 Michael Skehan Board Member 1 X 0 0 0 Tod Smith Board Member 1 X 0 0 0 Stephanie Stokes Board Member 1 X 0 0 0 Cherrell Simms Taplin Board Member 1 X 0 0 0 John Thiede SJ Board Member 1 X 0 0 0 Duke Williams Board Member 1 X 0 0 0 Rev W Penn Dawson SJ Assistant Professor Law and Board Secretary/Treasurer 40.00 X 0 0 0 Ryan Haas Vice Chair 1 X 0 0 0 Robert LeBlanc Chair 1 X 0 0 0 4062361 0 550168 50 0 1 0 Woodward Design And Build LLC 1000 S Norman C Francis Parkway New Orleans LA 70125 Construction 51184189 Sodexho Operations LLC 6363 St Charles Ave Box 243 New Orleans LA 70118 Food Services 8281055 The Mapp Group LLC 344 Third Street Baton Rouge LA 70801 Construction 4122997 Eskew Dumez Ripple 365 Canal Street Suite 3150 New Orleans LA 70130 Architect 2647466 Gallo Mechanical LLC 4141 Bienville St Suite 100 New Orleans LA 70119 Construction 2355649 59 0 0 123247 0 3394935 12353665 701942 15871847 190450133 190450133 0 0 190450133 4475629 0 0 4475629 3345249 0 0 3345249 0 0 0 0 0 0 137704259 0 126763953 0 10940306 0 10940306 0 0 10940306 0 0 0 199081 0 199081 0 199081 225282245 190450133 199081 18761184 0 0 96484173 96484173 0 0 0 0 3523738 2325641 956150 241947 0 0 0 0 54265190 43331955 9669145 1264090 880633 693996 163202 23435 7530526 5903546 1411591 215389 3841869 3023106 713074 105689 290004 290004 0 0 154244 0 154244 0 123620 0 123620 0 0 0 0 0 5500 5500 0 0 0 0 8092973 5096467 2956162 40344 1049894 975797 56749 17348 3252920 2314791 817010 121119 3259554 718121 2380719 160714 0 0 0 0 4928179 3852217 998908 77054 3686947 3097435 430917 158595 0 0 0 0 905976 559291 329780 16905 11116237 9320237 1600013 195987 0 0 0 0 7285162 6714710 508202 62250 5627836 5209982 372256 45598 Religious Order Contracted Services 696989 538864 158125 0 Dues/Subscriptions 1341373 1114764 218061 8548 Books and Student Programs 975918 926235 30168 19515 Equipment and Mainteance 2295530 1898109 383315 14106 1241993 21936 1219466 591 222856978 194411377 25650877 2794724 4974600 7411523 133782712 62065199 7922653 8633657 6150794 5773315 0 0 0 0 552196 120538 3399280 3399280 5524566 6200852 498815280 124625243 299892081 374190037 81450360 87328484 164479376 165607643 0 0 0 0 811644 811644 708940262 721542172 23368621 20803549 0 0 22076184 34550616 322196158 316851345 0 0 0 0 0 0 0 0 1404948 1205516 369045911 373411026 X 157212970 158982442 182681381 189148704 339894351 348131146 708940262 721542172 X 2425267 5739921 0 0 0 71607 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 245764000 982000 19910000 7531000 6189000 0 252936000 234777000 1631000 21204000 7394000 4454000 0 245764000 235321000 2027000 9832000 7877000 4526000 0 234777000 254268000 878000 -13589000 6210000 26000 0 235321000 222483000 2586000 47299000 6301000 11799000 0 254268000 0.3557 0.4155 0.2288 0 0 0 9198559 9198559 0 350299564 111296432 239003132 0 0 0 0 0 20141791 13328811 6812980 0 119175366 0 119175366 374190037 0 0 Hedge Funds and Partnerships 165607643 F 165607643 0 Pension Benefits Payable 543342 Perkins 91234 Funds Held for Others 432129 Annuities Payable 138811 1205516 127875209 5739921 0 0 0 5739921 122135288 0 103146957 103146957 225282245 125900185 0 0 0 0 0 125900185 0 96956793 96956793 222856978 Schedule D, Part V, Line 4 The board approved annual draw is used for operations. Schedule D, Part XI, Line 4b Scholarship Contra-Revenue, Bond Dividends and Income, and investment return net of amounts appropriated for current operations. Schedule D, Part XII, Line 4b Scholarships, Bond Dividends and Interest, and investment return net of amounts appropriated for current operations. 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The university published its non-discrimination policy towards students in the annual Student Bulletin published on its website (https://bulletin.loyno.edu/regulations/privacy-student-records-student-rights#non-discriminiation). Schedule E, Part I, Line 6 Students that qualify receive federal and state need-based assistance. Europe (including Iceland and Greenland) 1 16 Program Services 321374 Middle East and North Africa 0 1 Program Services 31165 Central America and the Caribbean 0 4 Program Services 26592 North America (including Canada and Mexico, but not the United States) 0 2 Program Services 18994 East Asia and the Pacific 0 1 Program Services 13808 South Asia 0 1 Program Services 11864 1 25 423797 0 0 0 0 0 0 Law Alumni Luncheon 57185 12560 44625 0 0 0 28237 0 17649 College of Business Luncheon 42892 20542 22350 0 0 1000 15600 0 10650 13 170630 90145 80485 9500 1251 33062 111467 6172 42166 270707 123247 147460 9500 1251 34062 155304 6172 70465 276754 -129294 1 Scholarships and other types of financial assistance 3476 96484173 0 FMV Schedule I, Part I, Line 2 Schedule 1, Part 1, Line 2 - Scholarships and other types of financial assistance are monitored through Internal transfer of funds within the university. X X X 1 1 X 0 0 0 0 0 0 0 0 0 Xavier Cole President 450000 0 0 0 20003 0 6900 0 25574 0 502477 0 0 0 Carol Markowitz SVP/Chief Operating Officer 350000 0 87500 0 0 0 6900 0 33352 0 477752 0 0 0 Paul Cesarini Dean of City College 247115 0 0 0 0 0 4942 0 71390 0 323447 0 0 0 Madeline Landrieu Dean of College of Law 310000 0 0 0 0 0 6200 0 10501 0 326701 0 0 0 Anthony Jones Vice President Enrollment Management 140096 0 10000 0 0 0 0 0 9682 0 159778 0 0 0 Michelle Collins Dean College of Nursing and Health 265385 0 0 0 0 0 5308 0 33623 0 304316 0 0 0 Sheryl Kennedy Haydel Dean of Music and Media 224615 0 0 0 0 0 4492 0 23291 0 252398 0 0 0 Maria Calzada Interim Provost 225000 0 0 0 17308 0 4846 0 32260 0 279414 0 0 0 Leonard Kahn Dean College of Arts and sciences 186923 0 0 0 0 0 3739 0 18467 0 209129 0 0 0 Stephanie Hotard Vice Pres University Advancement 182152 0 0 0 0 0 3631 0 19135 0 204918 0 0 0 Blaine Lecesne Professor of Law 200331 0 0 0 0 0 4007 0 18373 0 222711 0 0 0 Mary Algero Professor of Law 201726 0 0 0 0 0 4034 0 55371 0 261131 0 0 0 Sharonda Williams VP and General Counsel and Dir Gov Affairs 200000 0 0 0 0 0 4000 0 18820 0 222820 0 0 0 Robert Verchick Professor of Law 204819 0 0 0 0 0 4096 0 32932 0 241847 0 0 0 Gustavo Barboza Professor College of Business 187000 0 0 0 0 0 3740 0 10992 0 201732 0 0 0 Alicia Bourque Vice President Student Affairs 130000 0 0 0 0 0 2600 0 30489 0 163089 0 0 0 Schedule J, Part I, Line 1a Allowances provided are authorized under University Policy. Executive Committee of the Board of Trusties deliberates to determine the President's compensation. Schedule J, Part I, Line 3 The Executive Committee of the Board of Trustees deliberates to determine the President's compensation. A Louisiana Public Facilities Authority 720895871 5463988B7 2017-01-26 86624585 Refunding (See Part VI) 0 0 0 B Louisiana Public Facilities Authority 720895871 546399LM6 2021-07-07 100855617 See Part VI 0 0 0 C Louisiana Public Facilities Authority 720895871 546399RQ1 2023-02-15 133843314 Residence Hall Construction 0 0 0 A 19340000 0 86624585 0 0 0 1190579 0 0 0 85434006 0 2017 0 1 1 1 B 0 0 101317865 0 0 0 1216013 0 0 15460338 84639604 1910 2023 1 1 0 1 C 0 0 142515306 0 11720445 0 1401542 0 0 98740064 0 30653255 0 0 0 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 Schedule K, Part I, Column a-01/26/2017 86,624,585 Louisiana Public Facilities Authority The purpose of the issue is to provide funds to (i) Advance refund the Series 2010 issued: 3/24/2010 and (ii) Advance refund Series 2011 issued: 10/19/2011. Schedule K, Part I, Column b-07/07/2021 100,855,617 Louisiana Public Facilities Authority The purpose of the issue is to (i) Current refund Series 2011 issued: 10/19/2011 and (ii) Refund a taxable bank loan and (iii) Finance capital improvements. Schedule K, Part II, Line 3-07/07/2021 100,855,617 Louisiana Public Facilities Authority The total proceeds exceed the issue price due to investment earnings on the project fund. Schedule K, Part II, Line 3-02/15/2023 133,843,314 Louisiana Public Facilities Authority The total proceeds exceed the issue price due to investment earnings on the project fund. Schedule K, Part II, Line 11-01/26/2017 86,624,585 Louisiana Public Facilities Authority The other spent proceeds are refunding proceeds of the issue that are no longer in escrow. Schedule K, Part II, Line 11-07/07/2021 100,855,617 Louisiana Public Facilities Authority The other spent proceeds are refunding proceeds of the issue that are no longer in escrow. Schedule K, Part IV, Line 2c-01/26/2017 86,624,585 Louisiana Public Facilities Authority A rebate calculation was performed on 1/24/2022, with no rebate liability due. X 25 701942 FMV 0 1 1 Schedule M, Part I, Line 32b On-line auction software is used if necessary for tangible property and the broker Morgan Stanley for Stock. Form 990, Part VI, Section A, Line 3 College of Business Administration managed by Contractor. Form 990, Part VI, Section A, Line 7a The sole rights and duties of members shall be (a) to elect annually such members of the Board of Trustees as are provided in these Articles; (b) to receive annually a report from the President; (c) to determine the dissolution of the Corporation and the distribution of its assets, consistent with the terms of Article V hereof; (d) to amend the Articles and By-Laws of the Corporation in the manner specified in Article IX; and (e) to fix and determine by majority vote the number of Trustees who shall constitute the whole Board of Trustees. The composition of the Board of Trustees shall be at all times such that more than twenty-two percent (22%) of the total membership of the Board of Trustees, but not more than sixty percent (60%) of said Board, shall be composed of members in good standing of the Society of Jesus. Form 990, Part VI, Section A, Line 7b The Board of Trustees shall have and exercise the corporate powers prescribed by law. The essential function of the Board shall be policy making and responsibility for sound management. It shall formulate and determine the general, educational and financial policies as shall be deemed necessary for the administration and development of the Corporation in accordance with its shared purposes. The Board shall create committees of the Board and Ad-Hoc Committees as it may deem necessary, or desirable to carry out the purposes of the Corporation, each of which shall have such powers and responsibilities as the Board of Trustees shall designate. Nothing shall be considered to negate the power of the President to establish administrative committees, visiting committees, councils and other bodies as he may deem necessary or desirable to aid him in the performance of his duties. Form 990, Part VI, Section B, Line 11b The Audit Committee reviews the Form 990 and recommends its review as an action item in the Board of Trustees. The Form 990 is posted on the Board of Trustees website for review. In addition, the Form 990 is reviewed by an independent accounting firm prior to its submission to the Board of Trustees. Form 990, Part VI, Section B, Line 12c Under the Conflict of Interest Policy, each Trustee is required when initially elected, and annually thereafter, to acknowledge in writing that he or she has reviewed this Policy and is complying with it, in letter and in spirit; when initially elected, and annually thereafter, to complete the attached Disclosure Statement; an amendment statement must be filed promptly in the event of a material change in circumstances; and to disclose actual or potential conflicts of interest at any time when he or she becomes aware of them. The Board of Trustees are responsible for disseminating the Policy and for collecting signed Disclosure Statements at the time a Trustee is first elected. Completed Disclosure Statements will be sent to the President. Annually, the Board disseminates the Policy and Annual Disclosure Statements to all Trustees in June. Completed Disclosure Statements are due to the University by mid-July of each year and are reviewed by the University's counsel. Form 990, Part VI, Section B, Line 15 President's Compensation - The Executive Committee of the Board of Trustees chaired by the Board Chairperson deliberates to determine the President's compensation. Each member of the compensation-setting body is a disinterested party. Jesuit members of the Executive Committee recuse themselves from the salary deliberations. The Board shall create committees of the Board and Ad-Hoc Committees as it may deem necessary, Association of Colleges and University Personnel Administrators, the Association of Jesuit Colleges and Universities and an executive search firm database is used to determine compensation comparability. The decision of the compensation-setting body including terms of the compensation, the date approved, members of the compensation-setting body present during the discussion of the compensation and voting members, comparability data relied on and the source of the data and an affirmation that all members were free of any conflict of interest is documented and retained by the Secretary of the Board of Trustees. Key Employee Compensation Upon Hiring - The university President or Provost (depending on the organizational status of the key employee) makes a salary determination with the party involved. The President or Provost uses salary data obtained from the Association of Colleges and University Personnel Administrators, the Association of Jesuit Colleges and Universities and an executive search firm database to determine compensation comparability. On a regular basis the Executive Committee of the Board of Trustees reviews the compensation of key employees. Compensation adjustments - All compensation adjustments such as merit increases are documented in the Performance Evaluation and reviewed for reasonableness and industry comparability via budget analysis. Form 990, Part VI, Section C, Line 18 Form 990 and Form 990T are made available to the public upon request. A copy of each is also on file at the university's library. The annual financial report, conflict of interest policy, and other governing documents are also made available to the public upon request. Form 990, Part VI, Section C, Line 19 The annual financial report, conflict of interest policy, and other governing documents are also made available to the public upon request. Form 990, Part VII, Section A, Line 1a In accordance with IRS Revenue Ruling 77-290, Rev. W. Penn Dawson, SJ, performs all leadership and operational duties on behalf of Loyola strictly as an assigned agent of his religious order, which is The Society of Jesus (the Jesuits), rather than as an independent employee. Our organization does not issue any personal compensation, salary or benefits to Rev. Dawson and no Form W2 is generated for him. Instead, a regular payroll stipend is paid directly to The Loyola Jesuit Community, Inc.'s corporate office as consideration for Rev. Dawson providing services. Because no personal income is received or retained by Rev. Dawson, reportable compensation is properly reflected as $0 on Form 990, Part VII. Form 990, Part XI, Line 9 Gain(Loss) on the disposal of assets, contributions restricted to buildings/endowment, severance, and other non-operating adjustments. N/A