2019-08-26T08:03:58-05:00 2018-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 2000 TOWN CENTER STE 900 SOUTHFIELD MI 48075 990 2017-07-01 364520742 LOYOLA HIGH SCHOOL FOUNDATION LOYO 3138612407 15325 PINEHURST DETROIT MI 48238 DAVID R SMITH PRESIDENT 3138612407 2019-08-20 1 TROY E MARINE CPA P00187863 2483727300 2019-08-20 104.190.122.166 2019-08-20 23:17:15 CD 38158720191350346e21 2019-05-15 P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F6719D0144B06E6FC05F7FF323A3B40607EDAFB2 2017 2020-03-31 21:24:44Z X DAVID R SMITH 15325 PINEHURST DETROIT MI 48238 1458961 0 X WWW.LOYOLAHSDETROIT.ORG X 2003 MI TO ESTABLISH AND MANAGE ENDOWMENTS TO SUPPORT THE OPERATIONS OF LOYOLA HIGH SCHOOL 4 4 0 3 0 0 0 1282742 0 0 97603 176219 0 0 97603 1458961 205000 263869 0 0 0 0 0 0 0 6543 6951 211543 270820 -113940 1188141 4355845 5628870 182547 213833 4173298 5415037 PROVIDE GRANTS TO SUPPORT THE OPERATIONS OF LOYOLA HIGH SCHOOL 0 0 263869 263869 GRANTS TO LOYOLA HIGH SCHOOL TO SUPPORT OPERATIONS 263869 1 1 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 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MI X THE ORGANIZATION 3138612407 15325 PINEHURST DETROIT MI 48238 X FR MARK LUEDTKE SJ DIRECTOR 0.00 X 0 0 72500 MICHAEL J MADISON DIRECTOR 1.00 X 0 0 0 CATHY ROZANSKI MCNAMARA DIRECTOR 1.00 X 0 0 0 WILLIAM CONNELLY DIRECTOR 1.00 X 0 0 0 0 0 72500 0 0 0 0 0 1282742 1282742 65298 65298 110921 0 110921 110921 110921 1458961 0 0 176219 263869 263869 6951 6951 270820 263869 6951 0 233755 1172 75000 4097465 5526520 24625 26178 4355845 5628870 182547 213833 182547 213833 X 174446 -186483 319926 3998852 5281594 4173298 5415037 4355845 5628870 X 1188141 52045 1553 X X 0 1 X 1 0 X X 1 LOYOLA HIGH SCHOOL 383107318 1 1 263869 0 1 263869 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4097465 1282742 221313 5601520 3913788 388677 205000 4097465 4159052 -41139 204125 3913788 3990852 8000 160200 4159052 3790852 200000 3990852 0.94290 0.05710 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 SCHOOL AND LWEP HAVE RECEIVED NOTIFICATION THAT THEY ARE INCLUDED IN THE OFFICIAL CATHOLIC DIRECTORY AND THEREFORE THEY QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501 (C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, ARE NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES ON RELATED ACTIVITIES. 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, 2018 AND 2017, 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) 263869 TO SUPPORT THE OPERATIONS OF LOYOLA HIGH SCHOOL 1 0 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 ADMINISTRATIVE, ACADEMIC AND OTHER STAFF, AS WELL AS BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15A 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. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST 1,553. 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, 2018. FORM 990, PAGE 1, LINE B, AMENDED RETURN LOYOLA HIGH SCHOOL FOUNDATION IS AMENDING THE ORIGINALLY FILED FORM 990 FOR THE TAX YEAR ENDED JUNE 30, 2018 BECAUSE THE FINANCIAL STATEMENT AUDIT FOR THE PERIOD JULY 1, 2017 THROUGH JUNE 30, 2018 WAS NOT COMPLETED AT THE EXTENDED DUE DATE OF THE TAX RETURN. AS A RESULT OF THE COMPLETED FINANCIAL STATEMENT AUDIT, THE FINANCIAL STATEMENT INFORMATION FOR THE YEAR ENDED JUNE 30, 2018 CHANGED FROM THE INFORMATION THAT WAS REPORTED ON THE TIMELY-FILED ORIGINAL FORM 990. THE FOLLOWING PARTS OF THE FORM 990 WERE AMENDED TO CORRECT THE TAX RETURN AND CORRESPOND TO THE AUDITED FINANCIAL STATEMENTS: -PAGE 1, LINE 1G, GROSS RECEIPTS -PART I, CURRENT YEAR COLUMN, LINES 8, 12, 13, 18, 19 -PART I, END OF YEAR COLUMN, LINES 21 AND 22 -PART III, LINE 4A EXPENSES AND GRANTS -PART III, LINE 4E -PART VIII, LINES 1F, 1H, AND 12 -PART IX, LINES 1, AND 25 -PART X, LINES 17, 26, 27, 28, AND 29 -PART XI, LINES 1, 2, 3, AND 10 -SCHEDULE A, PART I, LINE 12G -SCHEDULE D, PART V, LINES 1B, 1C, 1G, 2B, AND 2C -SCHEDULE I, PART II, LINE 1, COLUMN D -SCHEDULE R, PART V, LINE 2 LOYOLA HIGH SCHOOL 15325 PINEHURST DETROIT MI 48238 383107318 HIGH SCHOOL MI 501(C)(3) LINE 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LOYOLA HIGH SCHOOL B 263869 AMOUNT PAID