2025-04-12T16:24:07+00:00 2024-05-31 440160260 Forvis Mazars LLP 8200 W Interstate 10 Suite 900 San Antonio TX 782303806 990 2023-06-01 741109631 OUR LADY OF THE LAKE UNIVERSITY OF SAN ANTONIO OURL 2104346711 411 SW 24TH Street San Antonio TX 78207 Edith T Cogdell Chief Financial Officer 2104313903 2025-04-12 true true Robert Ulloa P01953132 2103419400 2025-04-12 2023 2025-03-06 01:10:19Z DR ABEL A CHAVEZ PRESIDENT 411 SW 24TH Street San Antonio TX 78207 80888087 false X www.ollusa.edu X 1957 TX AS A CATHOLIC UNIVERSITY SPONSORED BY THE SISTERS OF DIVINE PROVIDENCE, OUR LADY OF THE LAKE UNIVERSITY IS A COMMUNITY COMMITTED TO SERVE STUDENTS BY: (CONTINUED ON SCHEDULE O) 25 25 1136 30 0 0 5342641 15397336 55223111 52286903 8198226 5628465 452291 290156 69216269 73602860 18610356 21130193 0 0 31861021 29334790 0 0 1075502 26256448 27649737 76727825 78114720 -7511556 -4511860 111213623 110028638 35153802 35821535 76059821 74207103 AS A CATHOLIC UNIVERSITY SPONSORED BY THE SISTERS OF DIVINE PROVIDENCE, OUR LADY OF THE LAKE UNIVERSITY IS A COMMUNITY WHOSE MEMBERS ARE COMMITTED TO SERVE STUDENTS BY: (CONTINUED ON SCHEDULE O). false false 69530391 21130193 52454810 OUR LADY OF THE LAKE UNIVERSITY OF SAN ANTONIO (UNIVERSITY) WAS FOUNDED IN 1895 BY THE CONGREGATION OF DIVINE PROVIDENCE WHICH CONTINUES AS ITS SPONSORING ORGANIZATION. IT IS A PRIVATE, CATHOLIC, COEDUCATIONAL INSTITUTION WITH AN ENROLLMENT OF NEARLY 2,000 STUDENTS. THE UNIVERSITY'S MAIN RESIDENTIAL CAMPUS IS IN SAN ANTONIO, TEXAS, AND IT HAS NONTRADITIONAL PROGRAMS IN SAN ANTONIO, HOUSTON, THE RIO GRANDE VALLEY (LA FERIA), AND ONLINE. THE UNIVERSITY IS ACCREDITED BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS TO AWARD BACHELOR'S, MASTER'S AND DOCTORAL DEGREES. 69530391 true true false false false false true false true true false false false true false false true true false false false false false true false false false true true false false false false false false false false false false false false false true true false false false true 185 0 true 1136 true false false false false false true true false false false false false false X 25 25 false false false false true true false true true false false false true true true true true true true false X EDITH T COGDELL 2104346711 411 SW 24TH STREET San Antonio TX 782074689 Dr Abel A Chavez President/ Ex Officio 39.7 0.3 X X 329901 0 62654 Dr Antoinette Hill Vice-Chair of the Board 2.0 0.1 X X 0 0 0 Laura Cortez Board Secretary 2.0 0.1 X X 0 0 0 Paul Olivier Chairman of the Board 5.0 0.1 X X 0 0 0 Armando Medina Trustee 2.0 0.0 X 0 0 0 Bruce M Flohr Trustee 2.0 0.0 X 0 0 0 Dr Bertha Perez Trustee 2.0 0.0 X 0 0 0 Dr Denise Doyle Trustee 2.0 0.1 X 0 0 0 Dr Dianna Burns-Banks Trustee 2.0 0.0 X 0 0 0 Dr Katherine Schlosberg Trustee 2.0 0.0 X 0 0 0 Dr Lorena G Gonzalez Trustee 2.0 0.0 X 0 0 0 Dr Peter P Soltys Trustee 2.0 0.0 X 0 0 0 Erin Clary Seki Trustee 2.0 0.0 X 0 0 0 Francisco Gonzaba Trustee 2.0 0.0 X 0 0 0 Frank Guerra Trustee 2.0 0.0 X 0 0 0 George Person Trustee 2.0 0.0 X 0 0 0 Gregorio Flores Trustee 2.0 0.0 X 0 0 0 Janie Barrera Trustee 2.0 0.0 X 0 0 0 Jim Perschbach Trustee 2.0 0.0 X 0 0 0 Joshua Sutin Trustee 2.0 0.0 X 0 0 0 Katrina B Mohrer Trustee 2.0 0.0 X 0 0 0 Lon Taylor Trustee 2.0 0.0 X 0 0 0 Richard Acosta Trustee 2.0 0.0 X 0 0 0 Romanita Matta-Barrera Trustee 2.0 0.0 X 0 0 0 Roy Terracina Trustee 2.0 0.0 X 0 0 0 Sr Anita Brenek CDP Trustee 2.0 0.0 X 0 0 0 Sr L Suzanne Dancer CDP Trustee 2.0 0.0 X 0 0 0 Sr Lourdes Leal CDP Trustee 2.0 0.0 X 0 0 0 Sr Rose Kruppa CDP Superior General - Ex Officio 2.0 0.1 X 0 0 0 Steve O'Donnell Trustee 2.0 0.1 X 0 0 0 Anthony E Turrietta Vice President of Finance 39.7 0.3 X 214774 0 31554 Dr George A Williams Jr Interim Provost 40.0 0.0 X 196906 0 26008 Dr Carol Jeffries-Horner Interim Associate Provost 40.0 0.0 X 142382 0 10135 Dr Mark Green Professor of Leadership Studies 40.0 0.0 X 137649 0 7724 Georgina B Schmahl VP of Institutional Advancement 40.0 0.0 X 185300 0 26836 Nelson Delgado VP for Institutional Enrollment 40.0 0.0 X 144912 0 10849 Phillip Vargas Chief Human Resources Officer 40.0 0.0 X 126954 0 24198 1478778 0 199958 33 false true false Wiley Edu LLC 1415 W 22nd St Suite 800 Oak Brook IL 605232023 Educational Partner Services 5125296 Chartwells Dining Services 2 International Drive Rye Brook NY 105731094 Food Service 2036209 Derck & Edson 33 S Broad St Lititz PA 175431415 Architect 1261919 Follett 3 Westbrook Corporate Ctr Westchester IL 601545728 Bookstore 1084456 Ellucian Company LP 2003 Edmund Halley Drive Reston VA 201913496 Software and support 716492 19 24394 8529751 6843191 10199 15397336 TUITION AND FEES 611600 49340912 49340912 AUXILIARY INCOME 611710 2945991 2945991 0 0 0 0 52286903 4519968 4519968 132140 132140 0 132140 132140 8380124 7271627 1108497 0 1108497 1108497 3709 24394 13600 -9891 -9891 OTHER REVENUE 900099 167907 167907 0 0 0 0 167907 73602860 52454810 0 5750714 21130193 21130193 861797 733793 107688 20316 22771255 19388995 2845440 536820 1271288 1087760 151491 32037 2806910 2401694 334481 70735 1623540 1389159 193467 40914 112560 112560 99530 99530 214025 214025 2418804 1797434 550569 70801 816073 9825 803642 2606 533873 493644 25452 14777 2229687 2036523 116401 76763 8844285 7713382 999485 131418 1031958 1007325 23637 996 145745 135762 7998 1985 1017750 868563 130280 18907 197881 140836 54195 2850 2884046 2461287 369182 53577 46788 46788 FEES EXPENSE 4295635 4037411 258224 OTHER PROGRAM ACTIVITIES 2694266 2650017 44249 BAD DEBT EXPENSE 66831 66831 0 0 0 0 78114720 69530391 7508827 1075502 1634635 1069498 5936879 0 300045 3414656 3111106 2013144 0 0 0 0 458269 360062 1248507 735021 139968116 75549161 64798947 64418955 31423961 36113837 0 0 2301274 1903465 111213623 110028638 10503981 9633972 3516771 2867544 0 0 1865413 1754063 16800000 19700000 2467637 1865956 35153802 35821535 X 51714971 42443976 24344850 31763127 76059821 74207103 111213623 110028638 -4511860 2659142 0 X false true X true true true X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0.0 X 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false 43691813 1880373 6476943 1375280 50673849 38048551 1146421 5870247 1373406 43691813 36077782 303119 3104056 0 1308390 128016 38048551 28253159 341514 8823623 1219181 121333 36077782 30284665 248128 114405 2330039 64000 28253159 0.5798 0.2572 0.163 false false 1569127 1569127 92787331 37009643 55777688 4062480 2874755 1187725 32230804 30753115 1477689 9318374 4911648 4406726 64418955 OPERATING LEASE LIABILITIES 1865956 GOVERNMENT ADVANCE FOR STUDENT LOANS 0 1865956 56777188 2659142 -19498414 -16839272 73616460 -13600 -13600 73602860 58629906 13600 13600 58616306 19498414 19498414 78114720 Schedule D, Part III, Line 1a EXCLUDED ART AND HISTORICAL TREASURES OUR LADY OF THE LAKE MAINTAINS A SMALL COLLECTION OF HISTORICAL COINS AND PAPER CURRENCY WHICH IS OF IMMATERIAL VALUE. THE UNIVERSITY ALSO OWNS ONE PIECE OF ART WORK WHICH IS ON PERMANENT LOAN TO A PRIVATE MUSEUM IN SAN ANTONIO. BOTH ARE HELD IN ORDER TO PRESERVE HISTORICAL ITEMS FOR FUTURE GENERATIONS. DUE TO THE IMMATERIALITY OF THESE ITEMS, THERE IS NO FOOTNOTE IN THE FINANCIAL STATEMENTS. Schedule D, Part X, Line 2 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 III, Line 4 Collections of art - description of collections OUR LADY OF THE LAKE MAINTAINS A COLLECTION OF HISTORICAL COINS AND PAPER CURRENCY AND ONE PIECE OF ARTWORK, ALL OF IMMATERIAL VALUE, IN ORDER TO PRESERVE HISTORICAL ITEMS FOR FUTURE GENERATIONS. Schedule D, Part V, Line 4 Intended uses of endowment funds ENDOWMENT DONATIONS AND BOARD DESIGNATED FUNDS ARE POOLED AND INVESTED TO SUPPORT UNIVERSITY OPERATIONS AND STUDENT SCHOLARSHIPS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 TUITION DISCOUNTS - -19498414 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Direct Fundraising Expense - -13600 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Direct Fundraising Expense - 13600 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements TUITION DISCOUNTS - 19498414 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 OUR LADY OF THE LAKE UNIVERSITY'S NON-DISCRIMINATION POLICY IS PUBLISHED ON THE UNIVERSITY'S WEBSITE ON MULTIPLE PAGES FOR STUDENT AND COMMUNITY VISITORS TO READ. THIS POLICY REMAINS POSTED ON OUR LADY OF THE LAKE UNIVERSITY'S WEBSITE AT ALL TIMES THROUGHOUT THE YEAR. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT STUDENT FINANCIAL AID IS RECEIVED FROM THE FEDERAL GOVERNMENT. A COMPLETE LISTING OF FEDERAL GRANTS IS ON FILE AT OUR LADY OF THE LAKE UNIVERSITY AND IS AVAILABLE UPON REQUEST. Saints Classic Golf Tournament 28103 24394 3709 7920 3350 2330 0 0 28103 24394 3709 7920 3350 2330 13600 -9891 true Scholarships, Grants, and Discounts 2281 21130193 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. SCHOLARSHIP/DISCOUNTS ARE CREDITED TO EACH STUDENT'S ACCOUNT MAINTAINED WITH OUR LADY OF THE LAKE UNIVERSITY. THE ORGANIZATION REVIEWS ALL PROPOSALS FOR COMPLIANCE WITH GRANT GUIDELINES AND APPROVES PRIOR TO THE EXPENSE BEING INCURRED. THE PROJECT DIRECTOR TRACKS SPENDING ON GRANTS MONTHLY TO ENSURE NO BUDGET OVERAGES. WHEN RECORDING THE BILLINGS MONTHLY, THE GRANT ACCOUNTANT ALSO MONITORS THE SPENDING TO MAKE SURE ALL EXPENSES ARE REASONABLE AND WITHIN THE BUDGET OF THE GRANT. X true true X X X X X true false false false false false false false false Dr Abel A Chavez President/ Ex Officio 217600 0 26468 0 85833 0 19454 0 43200 0 392555 0 0 0 Anthony E Turrietta Vice President of Finance 195398 0 0 0 19376 0 14865 0 16689 0 246328 0 0 0 Dr George A Williams Jr Interim Provost 184330 0 0 0 12576 0 14210 0 11798 0 222914 0 0 0 Georgina B Schmahl VP of Institutional Advancement 93612 0 0 0 91688 0 12508 0 14328 0 212136 0 0 0 Nelson Delgado VP for Institutional Enrollment 137784 0 0 0 7128 0 10129 0 720 0 155761 0 0 0 Dr Carol Jeffries-Horner Interim Associate Provost 49461 0 0 0 92921 0 5018 0 5117 0 152517 0 0 0 Phillip Vargas Chief Human Resources Officer 121738 0 0 0 5216 0 9515 0 14683 0 151152 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use OUR LADY OF THE LAKE UNIVERSITY'S CURRENT PRESIDENT, ABEL CHAVEZ, WAS PAID A HOUSING ALLOWANCE, WHICH WAS TAXED THROUGH PAYROLL. Schedule J, Part I, Line 4a SEVERANCE OR CHANGE-OF-CONTROL PAYMENT GEORGINA SCHMAHL WAS PAID THE EQUIVALENT OF 4.5 MONTHS WAGES AT HER REGULAR SALARY MINUS LAWFUL DEDUCTIONS AS SEVERANCE PAY. MS. SCHMAHL WAS ALSO PAID A LUMP SUM FOR HER REMAINING UNUSED VACATION AT THE TIME OF SEPARATION. THE PAYMENTS WERE MADE IN EQUAL INSTALLMENTS BEGINNING AUGUST 16, 2023. TOTAL SEVERANCE PAID DURING THE FISCAL YEAR WAS $64,688 PLUS $20,564 OF UNUSED VACATION. Schedule J, Part I, Line 4a SEVERANCE OR CHANGE-OF-CONTROL PAYMENT CAROL JEFFRIES-HORNER WAS PAID THE EQUIVALENT OF 6 MONTHS WAGES AT HER REGULAR SALARY MINUS LAWFUL DEDUCTIONS AS SEVERANCE PAY. MS. JEFFRIES-HORNER WAS ALSO PAID A LUMP SUM FOR HER REMAINING UNUSED VACATION AT THE TIME OF SEPARATION. THE PAYMENTS WERE MADE IN EQUAL INSTALLMENTS BEGINNING JUNE 1, 2023. TOTAL SEVERANCE PAID DURING THE FISCAL YEAR WAS $72,720 PLUS $11,091 OF UNUSED VACATION. Form 990, Part III, Line 1 & Part I, Line 1 - ORGANIZATION'S MISSION AS A CATHOLIC UNIVERSITY SPONSORED BY THE SISTERS OF DIVINE PROVIDENCE, OUR LADY OF THE LAKE UNIVERSITY IS A COMMUNITY WHOSE MEMBERS ARE COMMITTED TO SERVE STUDENTS BY: ENSURING QUALITY, INNOVATIVE UNDERGRADUATE AND GRADUATE LEARNING EXPERIENCES, FOSTERING SPIRITUAL, PERSONAL, AND PROFESSIONAL GROWTH, AND PREPARING STUDENTS FOR SUCCESS AND CONTINUED SERVICE. Form 990, Part IV, Line 28 TRANSACTIONS WITH INTEREST PARTIES OLLU purchased a building on the main campus in March 2022 and leases a parking lot from the Congregation of Divine Providence (CDP). There is a note payable to the CDP related to the building acquisition. For the year ended 5/31/24, OLLU paid the CDP a total of $226,830 for note payments and other operating costs related to the building and lease payments for the parking lot. Form 990, Part VI, Line 1a DELEGATION OF AUTHORITY THE GOVERNING BOARD MAY DELEGATE AUTHORITY TO AN EXECUTIVE COMMITTEE ON OCCASION AND AS NEEDED. Form 990, Part VI, Line 6 Classes of members or stockholders THE MEMBERS OF THIS CORPORATION SHALL BE, EX OFFICIO, THE SUPERIOR GENERAL OF AND THE MEMBERS OF THE GENERAL COUNCIL OF THE RELIGIOUS CONGREGATION OF DIVINE PROVIDENCE OF SAN ANTONIO, TEXAS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE CONGREGATION OF DIVINE PROVIDENCE SHALL HAVE AT LEAST TWO MEMBERS ON THE BOARD OF TRUSTEES. Form 990, Part VI, Line 11b Review of form 990 by governing body THE DRAFT OF THE 990 IS REVIEWED BY THE UNIVERSITY'S FINANCE DEPARTMENT. Form 990, Part VI, Line 12c Conflict of interest policy The Board of Trustees is required to comply with the conflict of interest policy on an annual basis. It is the responsibility of the board members, executives, and officers to evaluate their business transactions and outside business interests and relationships for potential conflicts. Board members should disclose any known conflicts of interest and abstain from voting when necessary. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD, THROUGH THE EXECUTIVE COMMITTEE, REVIEWS AND SETS THE PRESIDENT'S SALARY USING COMPARABILITY DATA FROM CUPA (COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION). THE REVIEW IS DOCUMENTED IN MEETING MINUTES OF THE BOARD OF TRUSTEES. Form 990, Part VI, Line 15b Process to establish compensation of other employees The University reviews data from the annual compensation study conducted by the College and University Professional Association for Human Resources (CUPA) for private universities in our budget range. Compensation for officers and key employees is approved by the President and takes into consideration tenure, performance, and overall experience. Total compensation is included in the annual operating budget approved by the Board of Trustees. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. OLLU MAIN BUILDING 411 SW 24TH STREET SAN ANTONIO TX 78207 271349237 SUPPORT TX 501(c)(3) Type I Our Lady of the Lake University true false false false false false false false false false false false false false false false false false false false