2024-02-16T14:53:38-06:00 2023-06-30 390859910 BAKER TILLY US LLP 2000 TOWN CENTER STE 900 SOUTHFIELD MI 48075 990 2022-07-01 364520742 LOYOLA HIGH SCHOOL FOUNDATION LOYO 3138612407 15325 PINEHURST DETROIT MI 48238 DAVID R SMITH PRESIDENT 3138612407 2024-02-16 1 DAVID SMITH 1 TROY E MARINE CPA P00187863 2483727300 2024-02-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID R SMITH 15325 PINEHURST DETROIT MI 48238 116617 0 X WWW.LOYOLAHSDETROIT.ORG X 2003 MI TO ESTABLISH AND MANAGE ENDOWMENTS TO SUPPORT THE OPERATIONS OF LOYOLA HIGH SCHOOL. 5 5 0 4 0 0 0 0 0 0 -202119 116617 0 0 -202119 116617 283700 295900 0 0 0 0 0 0 0 3914 2832 287614 298732 -489733 -182115 5615654 5696204 0 0 5615654 5696204 X LOYOLA HIGH SCHOOL FOUNDATION, A MICHIGAN NONPROFIT CORPORATION (THE "FOUNDATION"), IS A NONPROFIT ORGANIZATION WHICH WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF RECEIVING, INVESTING AND ADMINISTERING CHARITABLE CONTRIBUTIONS FOR THE BENEFIT OF LOYOLA HIGH SCHOOL. THE FOUNDATION SHARES COMMON TRUSTEES WITH THE SCHOOL. 0 0 295900 295900 GRANTS TO LOYOLA HIGH SCHOOL TO SUPPORT OPERATIONS. 295900 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MI X DAVID R SMITH 3138612407 15325 PINEHURST DETROIT MI 48238 J MICHAEL BERNARD PRESIDENT 1.00 X X 0 0 0 WILLIAM CONNELLY SECRETARY 1.00 X X 0 0 0 FR WILLIAM MURPHY SJ DIRECTOR 1.00 X 0 0 0 DAVID SMITH DIRECTOR 1.00 X 0 126225 0 KEVIN HAND DIRECTOR 1.00 X 0 0 0 0 126225 0 0 0 0 0 0 62120 62120 54497 0 54497 54497 54497 116617 0 0 116617 295900 295900 2832 2832 298732 295900 2832 0 1172 1172 5502550 5583100 111932 111932 5615654 5696204 0 0 X 700930 -37735 4914724 5733939 5615654 5696204 5615654 5696204 -182115 262665 0 X X 0 1 X 1 0 X X 1 LOYOLA HIGH SCHOOL 383107318 1 1 295900 0 1 295900 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 5615654 376450 295900 5696204 6358076 -458722 283700 5615654 5256318 1369758 268000 6358076 5319497 158835 30986 253000 5256318 5601520 20370 189607 492000 5319497 1.00000 1 0 0 X PART V, LINE 4: THE ENDOWMENT FUNDS ARE HELD FOR THE SUPPORT AND MAINTENANCE OF LOYOLA HIGH SCHOOL. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS ALSO EXEMPT FROM STATE INCOME TAXES. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 0 LOYOLA HIGH SCHOOL 15325 PINEHURST DETROIT MI 48238 383107318 501(C)(3) 295900 0 TO SUPPORT THE OPERATIONS OF LOYOLA HIGH SCHOOL 1 0 0 0 0 0 0 0 0 0 0 PART I, LINE 3 COMPENSATION IS PAID FROM A RELATED ORGANIZATION (LOYOLA HIGH SCHOOL) AND DETERMINED WHILE USING A WRITTEN EMPLOYMENT CONTRACT AND REVIEWING THE FORM 990 OF SIMILAR TYPES OF ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE OFFICERS OF THE ORGANIZATION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BUSINESS MANAGER AND PRESIDENT PERFORM REGULAR REVIEWS AND CONDUCT INTERVIEWS WITH ACADEMIC, ADMINISTRATIVE, AND OTHER STAFF. BOARD MEMBERS COMPLETED A SIGNED DISCLOSURE OF CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT IS PAID FROM A RELATED ORGANIZATION, LOYOLA HIGH SCHOOL DETROIT. COMPENSATION IS DETERMINED AFTER CONSIDERING A NUMBER OF FACTORS INCLUDING THE LEVEL OF RESPONSIBILITY. ADDITIONALLY, COMPARABLE SALARY LEVELS AT SIMILAR ORGANIZATIONS ARE CONSIDERED, RECOGNIZING DIFFERENCES IN JOB COMPLEXITY, CRITICAL SKILLS AND PAY PRACTICES. TREASURER AND FINANCE COMMITTEE APPROVE COMPENSATION AS PART OF THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR ENDED JUNE 30, 2023. LOYOLA HIGH SCHOOL 15325 PINEHURST DETROIT MI 48238 383107318 HIGH SCHOOL MI 501(C)(3) LINE 1 N/A 0 LOYOLA WORK EXPERIENCE PROGRAM INC 15325 PINEHURST DETROIT MI 48238 300219392 WORK EXPERIENCE EDUCATION MI 501(C)(3) LINE 1 LOYOLA HIGH SCHOOL 0 PINEHURST PROPERTY COMPANY INC 15325 PINEHURST DETROIT MI 48238 873991463 OWNER OF LAND FOR LOYOLA HIGH SCHOOL USE MI N/A C 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LOYOLA HIGH SCHOOL B 295900 CASH BASIS