2019-06-05T11:42:58-07:00 2018-07-31 990 2017-08-01 720408946 LOYOLA UNIVERSITY NEW ORLEANS LOYO 5048653149 6363 St Charles Avenue New Orleans LA 70118 Paul Pastorek Acting Chief Operating Officer 5048653960 2019-06-04 141.164.30.31 2017 2019-02-21 02:37:17Z Paul Pastorek 6363 St Charles Avenue Campus Box 11 New Orleans LA 70118 463052386 0 0928 X www.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. 33 32 2667 373 290117 0 7736918 22263875 129395918 139513925 12328169 10039251 303390 466106 149764395 172283157 61366528 66401915 0 0 67247126 62156199 44690 66562 3145965 43444375 43438233 172102719 172062909 -22338324 220248 526559245 527596180 210156392 213840950 316402853 313755230 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 156029220 66401915 139675001 Loyola University New Orleans is a private, Catholic, Jesuit comprehensive university, open to students of all faiths. Loyola has 4,302 students -- 2,997 undergraduates; 671 graduate students; 97 Doctoral students; 511 law students; and 26 continuing education students. The university is comprised of five colleges: Business, Arts and Sciences, Law, Music and Fine Arts, and Nursing and Health. Loyola offers 87 undergraduate degrees and 13 graduate and professional programs. 0 0 0 N/A 0 0 0 N/A 0 0 0 156029220 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 5058 0 1 2667 1 1 1 1 CA CJ 0 0 1 1 1 1 0 1 1 0 0 0 X 33 32 0 1 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Paul Pastorek 5048653144 6363 St Charles Ave New Orleans LA 70118 Marguerite Adams Board Member 1.00 0 X 0 0 0 Janet Boles Board Member 1.00 0 X 0 0 0 Michael Braden SJ Board Member 1 0 X 0 0 0 James Caillier EdD Board Member 1 0 X 0 0 0 Edgar Chase III Board Member 1 0 X 0 0 0 Margaret Condron PhD Board Member 1 0 X 0 0 0 Dennis Cuneo Board Member 1 0 X 0 0 0 Rev Paul J Fitzgerald SJ Board Member 1 0 X 0 0 0 Sally Forman Board Member 1 0 X 0 0 0 Anne Gauthier Board Member 1 0 X 0 0 0 S Derby Gisclair Board Member 1 0 X 0 0 0 Gail Jock Board Member 1 0 X 0 0 0 Rachel Kent Board Member 1 0 X 0 0 0 Stephen Landry Board Member 1 0 X 0 0 0 Rev Timothy R Lannon SJ Board Member 1 0 X 0 0 0 Rita LeBlanc Board Member 1 0 X 0 0 0 Joseph Mahoney Board Member 1 0 X 0 0 0 James McBride Board Member 1 0 X 0 0 0 Rev Timothy McMahon SJ Board Member 1 0 X 0 0 0 James Meza Board Member 1 0 X 0 0 0 Henry Munoz III Board member 1 0 X 0 0 0 Sean O'Keefe Board Member 1 0 X 0 0 0 Gerlad Ray Board Member 1 0 X 0 0 0 William Roberti Board Member 1 0 X 0 0 0 Rhonda Sharkawy Board Member 1 0 X 0 0 0 Ileana Suquet Board Member 1 0 X 0 0 0 Rev Mario Alberto Torres SJ Board Member 1 0 X 0 0 0 Carol Waguespack Board Member 1 0 X 0 0 0 Sharonda R Williams Board Member 1 0 X 0 0 0 Rev Jeremy Zipple SJ Board Member 1 0 X 0 0 0 Robert A Savoie Board Member 1 0 X X 0 0 0 Rev Francis W Huete SJ Secretary/Treasurer 0 20 X 0 0 0 Rev Kevin Wm Wildes SJ University President 37.5 0 X 331500 0 87848 Maria Calzada Dean College of Arts and Sciences 37.5 0 X 196770 0 44051 Laura Frerichs Vice President for Mareting and Communications 37.5 0 X 195890 0 39323 Madeleine Landrieu Dean College of Law 37.5 0.00 X 158703 0 10441 William Locander Dean College of Business 37.5 0 X 277726 0 47423 Kern Maass Dean College of Music 37.5 0 X 170536 0 39665 Leon Mathes Assoc Vice President Finance 37.5 0 X 262305 0 46111 Lawrence Moore SJ Interim Dean College of Law 37.5 0 X 192260 0 50949 Patricia Pearce Dean of Graduate and Professional Studies 37.5 0 X 146446 0 28765 Marcia Petty Vice President for Student Affairs/Assoc. Provost 37.5 0 X 212246 0 35008 Christopher Wiseman VP Institutional Advancement 37.5 0 X 197384 0 33269 Kathryn Lorio Professor 0 0 X 214596 0 13700 William Quigley Professor 37.5 0 X 191166 0 39290 Thomas Screen General Counsel 37.5 0 X 237111 0 47598 Robert Verchick Professor 37.5 0 X 201947 0 45386 Lydia Voigt Distinguished University Professor 37.5 0 X 207462 0 34093 John Calamia Former VP Finance & Administration 0 0 X 146944 0 27616 Anthony Decuir Former Interim Dean College of Music and Fine Arts 0 0 X 275684 0 28040 Roberta Kaskel Former VP of Enrollment Management 0 0 X 150478 0 29105 Edward Kvet Former Provost and Vice President for Academic Affairs 0 0 X 148099 0 22653 Marc Manganaro Former Provost and Vice President for Academic Affairs 0 0 X 245805 0 49581 Luis F Miron Former Dean of College of Social Sciences 0 0 X 173075 0 37489 Maria Lopez Pabon Former Dean College of Law 0 0 X 209055 0 39579 4743188 0 876983 119 1 1 0 Sodexo 6363 St Charles Ave Box 243 New Orleans LA 70118 Food Service 6208713 Witt Fiala Flannery and Associates PO Box 958204 St Louis MO 63195 Janitorial 1679480 Wiley Global Education 1415 West 22nd Street Suite 800 Oakbrook IL 60523 Educational Services 1473860 Ruffalocody Holdings LLC PO Box 718 Des Moines IA 50303 Educational Consulting Services 780605 Gallo Mechanical 4141 Bienville Street Suite 100 New Orleans LA 70119 Construction 446166 34 0 0 50251 0 1349638 20863986 762125 22263875 139513925 139513925 0 0 139513925 2956717 0 0 2956717 0 0 0 0 0 0 0 0 35400 0 0 0 35400 0 35400 0 0 35400 297798600 0 290716066 0 7082534 0 7082534 0 0 7082534 32676 50251 53163 -20487 0 -20487 0 0 0 0 0 0 0 0 0 0 0 0 Recreation Center 713940 129293 0 129293 0 Building Leases 532000 160824 0 160824 0 161076 161076 0 0 451193 172283157 139675001 290117 10054164 0 0 66401915 66401915 0 0 0 0 3512094 2645722 634279 232093 0 0 0 0 47044082 40736012 5078788 1229282 3012073 2596817 335074 80182 5419673 4736854 520579 162240 3168277 2723479 356053 88745 382458 288458 94000 0 324639 60644 263995 0 75575 6925 68650 0 0 0 0 0 66562 66562 0 0 0 0 6129372 4939295 1112720 77357 769659 718897 29504 21258 2217137 1673496 433343 110298 2889245 2712018 9933 167294 2206 2206 0 0 4994720 4251643 594462 148615 2658337 2442670 156131 59536 0 0 0 0 1672640 1430875 87323 154442 7943519 6751991 953222 238306 0 0 0 0 5381385 4574177 645766 161442 2747132 2355621 313139 78372 Books 1654281 1632637 8118 13526 Bad Debts 264616 800 263816 0 Educational & Student Programs 1283109 1204965 56649 21495 Equipment, Rental & Maintenance 2048203 1141103 872180 34920 0 0 0 0 172062909 156029220 12887724 3145965 12602800 7814727 19287498 27465899 7032334 6528547 2544025 2006048 0 0 0 0 4177926 3479565 531837 526920 1912240 1968606 334066053 84977522 247391019 249088531 230267922 227905693 0 0 0 0 0 0 811644 811644 526559245 527596180 14668983 19406256 0 9376815 10467006 169613815 173444108 0 0 0 0 0 0 0 0 16496779 10523580 210156392 213840950 X 176994363 154337377 61661979 69743007 77746511 89674846 316402853 313755230 526559245 527596180 X 220248 8887854 0 0 0 -11755725 X 0 1 X 1 1 1 X 0 1 0 1 0 0 0 1 0 0 0 0 0 Schedule C, Part II-B, Line 1 University monitors any and all legislative, or executive, activity that would impact the institution, or our students, in any fashion. 225833000 13088000 18816000 5376000 17067000 13505000 221789000 245852000 1758000 20681000 4770000 23037000 14651000 225833000 277176000 1997000 -639000 5067000 17121000 10494000 245852000 287767000 4141000 7417000 4923000 10558000 6668000 277176000 291686785 1483270 27343624 3967056 8748000 20031177 287767446 0.38 0.4 0.22 0 0 0 10495559 10495559 0 311726318 77508854 234217464 0 0 0 0 0 9330219 7468668 1861551 0 2513957 0 2513957 249088531 0 Refundable Loan Program 5303344 Severance Liability 3941014 Pension Benefts Payable 956000 Annuities Payable 193267 Funds Held for Others 129955 10523580 X 125488414 8887854 0 0 0 8887854 116600560 0 55682597 55682597 172283157 120027848 0 0 0 11755730 11755730 108272118 0 63790791 63790791 172062909 Schedule D, Part V, Line 4 Funds drawn down from endowment are used for scholarships, debt service, and general operation expenses. Schedule D, Part X, Line 2 1. The University is a non-profit as described in Section 501(C)(3) in the internal revenue code and qualifies as an organization exempt from federal and state income taxes except to the extent it has taxable income from activities that are not related to its exempt purpose. No provision for income taxes were required for fiscal years 2018 or 2017. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the University and recognize a tax liability if the University has taken an uncertain tax position that more likely than not would not be sustained upon examination by the IRS. Management is not aware of any tax positions taken by the University that would require recognition of a liability or disclosure in the financial statements. The University is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Schedule D, Part XI, Line 4b Scholarships and investment return decreased by the portion of cumulative net depreciation designated for current operations. Schedule D, Part XII, Line 2d Severance, Annuity Adjustments, Consulting Expenses, and Past Sessions. Schedule D, Part XII, Line 4b Scholarships 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Owing to the broad resident, geographic distribution of the student body it is not feasible to publish in every newspaper in every resident, geographic region of the student body. Schedule E, Part I, Line 6 Students that qualify receive federal and state need-based assistance. Europe (including Iceland and Greenland) 2 20 Program Services Study Abroad 358197 Central America and the Caribbean 1 7 Program Services Study Abroad 61789 South Asia 0 2 Program Services Study Abroad 58081 Sub-Saharan Africa 0 0 Program Services Education 27571 3 29 505638 0 0 0 0 0 0 X X X X X X X 1 2 Dukes Media 311 Calhoun Street New Orleans LA 70118 Fundraising. 0 450000 36000 414000 US Central and S Province 4511 West Pine Blvd Saint Louis MO 63108 Fundraising in connection with the Jesuit Social Research Institute. 0 55000 16386 38614 Jacqueline Lyle Private Private LA 70506 Ms. Lyle provided support by soliciting financial support and developing marketing and public relations plans in an effort to extend a specified residency. 0 35000 14176 20824 540000 66562 473438 AK AZ CO DC MA MS NH NY OR WA 1912 Society Fundraiser 23762 13812 9950 0 0 0 28554 0 1922 Law Review Fundraiser 18500 11500 7000 0 0 5500 0 0 7000 4 40665 24939 15726 0 0 0 0 0 10187 82927 50251 32676 0 0 5500 28554 0 19109 53163 -20487 1 Scholarships and Tuition Remission 4730 66401915 0 FMV Schedule I, Part I, 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 1 0 0 0 0 0 0 0 0 Rev Kevin Wm Wildes SJ University President 331500 0 0 0 0 0 0 0 87848 0 419348 0 0 0 Maria Calzada Dean College of Arts and Sciences 196770 0 0 0 0 0 16400 0 27651 0 240821 0 0 0 Laura Frerichs Vice President for Mareting and Communications 195890 0 0 0 0 0 16320 0 23003 0 235213 0 0 0 Madeleine Landrieu Dean College of Law 158703 0 0 0 0 0 0 0 10441 0 169144 0 0 William Locander Dean College of Business 277726 0 0 0 0 0 22930 0 24493 0 325149 0 0 0 Kern Maass Dean College of Music 170536 0 0 0 0 0 12923 0 26742 0 210201 0 0 0 Leon Mathes Assoc Vice President Finance 167305 0 0 0 95000 0 21539 0 24572 0 308416 0 0 0 Lawrence Moore SJ Interim Dean College of Law 192260 0 0 0 0 0 0 0 50949 0 243209 0 0 0 Patricia Pearce Dean of Graduate and Professional Studies 146446 0 0 0 0 0 12132 0 16633 0 175211 0 0 0 Marcia Petty Vice President for Student Affairs/Assoc. Provost 212246 0 0 0 0 0 17128 0 17880 0 247254 0 0 0 Christopher Wiseman VP Institutional Advancement 197384 0 0 0 0 0 16000 0 17269 0 230653 0 0 0 Kathryn Lorio Professor 19730 0 0 0 194866 0 1627 0 12073 0 228296 0 0 William Quigley Professor 191166 0 0 0 0 0 15624 0 23666 0 230456 0 0 0 Thomas Screen General Counsel 237111 0 0 0 0 0 19735 0 27863 0 284709 0 0 Robert Verchick Professor 201947 0 0 0 0 0 17032 0 28354 0 247333 0 0 Lydia Voigt Distinguished University Professor 207462 0 0 0 0 0 16945 0 17148 0 241555 0 0 0 John Calamia Former VP Finance & Administration 146944 0 0 0 0 0 12034 0 15582 0 174560 0 0 0 Anthony Decuir Former Interim Dean College of Music and Fine Arts 98077 0 0 0 177607 0 8282 0 19758 0 303724 0 0 0 Roberta Kaskel Former VP of Enrollment Management 150478 0 0 0 0 0 12398 0 16707 0 179583 0 0 0 Edward Kvet Former Provost and Vice President for Academic Affairs 148099 0 0 0 0 0 11816 0 10837 0 170752 0 Marc Manganaro Former Provost and Vice President for Academic Affairs 59459 0 0 0 186346 0 20400 0 29181 0 295386 0 0 0 Luis F Miron Former Dean of College of Social Sciences 173075 0 0 0 0 0 14203 0 23286 0 210564 0 0 0 Maria Lopez Pabon Former Dean College of Law 209055 0 0 0 0 0 17078 0 22501 0 248634 0 0 0 Schedule J, Part I, Line 1a Spousal travel of key employees is reimbursed if considered for fund-raising activities, public relations or development. Rev. Kevin Wm. Wildes, SJ, University President, resides in one of the university residence halls. No fee is charged. Schedule J, Part I, Line 3 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. 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 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. Schedule J, Part I, Line 4 Schedule J, Part 1, Line 4a) Anthony Decuir - $177,608; Marc Manganaro - $186,346; Kathryn Lorio - $194,866 These payments were made under a University Sponsored Voluntary Severance Program A Louisiana Public Facilitties Authority 720895871 546398P44 2011-10-19 125000000 Construction 0 0 0 B Louisiana Public Facility Authority 720895871 546398P85 2017-01-26 84779493 Refunding of 2010 and 2011 series 0 0 0 C Louisiana Public Facilities Authority 720895871 546398F37 2010-03-24 35000000 Construction 0 0 0 A 43945000 0 82903198 0 0 44471332 679732 0 0 82223466 0 0 2015 0 0 1 1 B 0 0 86624585 0 0 0 1180558 0 85433886 0 10141 2017 1 0 0 1 C 35000000 0 36614673 0 1726633 31816438 539723 0 0 34348317 0 0 2011 0 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 X 15 762125 FMV X Miscellaneous Donations 119 0 FMV 4 0 1 1 Schedule M, Part I, Line 32b None were used in FY18. However, they have been used in prior fiscal years to sell auction items. Schedule M, Part I, Line 33 The FMV of the donated items is immaterial to the financial condition of the university. Form 990, Part VI, Section A, Line 3 The Interim Provost, David Borofsky, was a contractor of The Registry for College and University Presidents. His service ended in April 2018. The Chief Operating Officer, Paul Pastorek, is an independent contractor. His service began in April 2018. Form 990, Part VI, Section A, Line 4 The university updated its bylaws to expand who is eligible to become university president. Form 990, Part VI, Section A, Line 6 All members in good standing of the Society of Jesus who are members of the Jesuit Community of Loyola University New Orleans and who hold full-time or part-time positions at Loyola University New Orleans and who have held such positions for one academic year shall be eligible for membership in the Corporation. Membership in the Corporation shall consist of not fewer than three nor more than twenty-five persons who fulfill these qualifications. Such members shall be elected in the manner and for the term hereinafter provided by those persons eligible for membership under this Article and shall serve the stipulated term or until their earlier death, resignation or failure to meet all the qualifications for membership. 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 of the total membership of the Board of Trustees, but not more than sixty percent 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/she may deem necessary or desirable to aid him/her in the performance of his/her duties. Form 990, Part VI, Section B, Line 11b The Audit Committee reviews the Form 990 and recommends its review as an action item to 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 a 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. 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 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 19 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 XI, Line 9 Severance, Annuity Adjustments, Consulting Expenses, Past Sessions. N/A