2018-04-13T17:35:42-05:00 2017-05-31 PricewaterhouseCoopers LLP 101 SEAPORT BOULEVARD BOSTON MA 02210 990 2016-06-01 951643334 LOYOLA MARYMOUNT UNIVERSITY % THOMAS O FLEMING JR SVP/CFO LOYO 3103382714 1-LMU DRIVE U-HALL LOS ANGELES CA 90045 THOMAS O FLEMING JR SVP/CFO 3103382738 2018-04-13 true GWEN SPENCER P00641463 6175305000 155.201.188.7 04363820181035000634 2018-04-13 P 62EA4EDAE1898A2991F07DA618F25CB4C3E51F73 6CFBC1E470B119DB9F0B0C745D98B714AAF1A9A1 2016 2021-01-29 14:40:06Z MR TIMOTHY LAW SNYDER PRES 1-LMU DRIVE U-HALL 4900 LOS ANGELES CA 90045 551828505 false X WWW.LMU.EDU X 1918 CA SEE SCHEDULE O 42 39 7543 1 3751818 32843151 32621482 409845084 424559840 16621043 7566728 168251 78965 459477529 464827015 100451634 105262701 0 0 221930412 227270379 26361 23419 9398451 128411501 134050580 450819908 466607079 8657621 -1780064 1219888209 1265111327 301967168 302712310 917921041 962399017 X SEE SCHEDULE O false false 401499830 105262701 424559840 SEE SCHEDULE O 401499830 true true false true false false false true true true true true false false true false true false true true true true true true true false false true true true true false false false false false true false false true true true true false false false true true false false false true 934 0 true 7543 true true true false false false false true true false false false false X 42 39 false false true false false false false true true false false true true true true true true true true false CA X THOMAS O FLEMING JR SVPCFO 3103382738 1 LMU DR U-HALL 4900 LOS ANGELES CA 900452659 X ROBERT J ABERNETHY TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM H AHMANSON TRUSTEE 1.0 0.0 X 0 0 0 ROBERT C BAKER TRUSTEE 1.0 0.0 X 0 0 0 RHONDA M BETHEA TRUSTEE 1.0 0.0 X 0 0 0 IRMA J BROWN TRUSTEE 1.0 0.0 X 0 0 0 EDWARD J CARPENTER TRUSTEE 1.0 0.0 X 0 0 0 ALEX MARTIN CHAVES TRUSTEE 1.0 0.0 X 0 0 0 SCOTT COBLE SJ TRUSTEE 1.0 0.0 X 0 0 0 ALLAN F DECK SJ TRUSTEE 1.0 0.0 X 0 0 0 DAVID S DEVITO TRUSTEE 1.0 0.0 X 0 0 0 KAREN DIAL TRUSTEE 1.0 0.0 X 0 0 0 KATHLEEN M DUNCAN TRUSTEE 1.0 0.0 X 0 0 0 KRISTI V FREY TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL J GARANZINI SJ TRUSTEE 1.0 0.0 X 0 0 0 THOMAS V GIRARDI TRUSTEE 1.0 0.0 X 0 0 0 JEFFREY L GLASSMAN TRUSTEE 1.0 0.0 X 0 0 0 GREGORY M GOETHALS SJ TRUSTEE 1.0 0.0 X 0 0 0 MARY ELIZABETH INGHAM CSJ TRUSTEE 1.0 0.0 X 0 0 0 HENRY K JORDAN TRUSTEE 1.0 0.0 X 0 0 0 NELLY LLANOS KILROY TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH KNOTT TRUSTEE 1.0 0.0 X 0 0 0 EDWARD A LANDRY TRUSTEE 1.0 0.0 X 0 0 0 CECILIA A MAGLADRY CSJ TRUSTEE 1.0 0.0 X 0 0 0 GERDENIO MEDARD MANUEL SJ TRUSTEE 1.0 0.0 X 0 0 0 JOHN V MEIGS TRUSTEE 1.0 0.0 X 0 0 0 EDISON MIYAWAKI TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM H MULLER SJ TRUSTEE 1.0 0.0 X 0 0 0 KATHRYN E NIELSEN TRUSTEE 1.0 0.0 X 0 0 0 GREGORY J O'MEARA SJ TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN F PAGE TRUSTEE 1.0 0.0 X 0 0 0 JOAN A PAYDEN TRUSTEE 1.0 0.0 X 0 0 0 JANICE A PIPKIN TRUSTEE 1.0 0.0 X 0 0 0 NORMA A PROVENCIO TRUSTEE 1.0 0.0 X 0 0 0 ROBERT SCLABASSI TRUSTEE 1.0 0.0 X 0 0 0 TIMOTHY LAW SNYDER PRESIDENT/TRUSTEE 40.0 0.0 X X 500650 0 62983 MICHAEL R STEED TRUSTEE 1.0 0.0 X 0 0 0 ELBRIDGE H STUART III TRUSTEE 1.0 0.0 X 0 0 0 JULIE ROLLOFSON TEEL TRUSTEE 1.0 0.0 X 0 0 0 JOAN TREACY RSHM TRUSTEE 1.0 0.0 X 0 0 0 PAUL S VIVIANO TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL A ZAMPELLI SJ TRUSTEE 1.0 0.0 X 0 0 0 DAVID J ZUERCHER TRUSTEE 1.0 0.0 X 0 0 0 ELENA M BOVE SVP FOR STUDENT AFFAIRS 40.0 0.0 X 245220 0 50009 THOMAS O FLEMING JR SVP & CHIEF FINANCIAL OFFICER 40.0 0.0 X 282467 0 54716 JOSEPH B HELLIGE EVP & PROVOST 40.0 0.0 X 405179 0 57509 EVELYNNE B SCARBORO EVP & CAO 40.0 0.0 X 278280 0 39236 DENNIS SLON SVP FOR UNIVERSITY RELATIONS 40.0 0.0 X 317825 0 42193 MICHAEL E WATERSTONE SVP AND DEAN LLS 40.0 0.0 X 310613 0 46552 CAROLINE T WILHELM TREASURER 40.0 0.0 X 180089 0 19965 REBECCA L CHANDLER VP FOR HUMAN RESOURCES 40.0 0.0 X 215547 0 31422 TIMOTHY S HAWORTH VP OF FACILITIES MANAGEMENT 40.0 0.0 X 186921 0 31765 MAUREEN P WEATHERALL VP OF ENROLLMENT MANAGEMENT 40.0 0.0 X 234789 0 47201 DENNIS W DRAPER DEAN, COLLEGE OF BUSINESS ADMI 40.0 0.0 X 369996 0 49812 MICHAEL G DUNLAP MEN'S BASKETBALL COACH 40.0 0.0 X 559721 0 54327 SHANE P MARTIN DEAN, SCHOOL OF EDUCATION 40.0 0.0 X 313292 0 40911 STEPHEN G UJLAKI DEAN, SCHOOL OF FILM AND TELEV 40.0 0.0 X 317989 0 53027 GEORGENE M VAIRO LAW PROFESSOR 40.0 0.0 X 372295 0 12674 DAVID W BURCHAM FORMER PRESIDENT/TRUSTEE 40.0 0.0 X 199395 0 35134 VICTOR J GOLD FORMER SVP & DEAN LOYOLA LAW S 40.0 0.0 X 262140 0 48342 PAUL T HAYDEN FORMER INTERIM SVP AND DEAN LL 40.0 0.0 X 257333 0 34596 FREDERICK GARCIA FORMER VP FOR FACILITIES MGMT 40.0 0.0 X 129052 0 28453 JAMES M LANDRY FORMER INT VP FOR ENROLL MGMT 40.0 0.0 X 146050 0 25428 6084843 0 866255 480 true true false RPM CONSTRUCTION MANAGEMENT INC 2785 PACIFIC COAST HIGHWAY 806 TORRANCE CA 90505 CONSTRUCTION MGMT 2693448 ALLIED BARTON SECURITY SVC PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICES 1412341 MTI BUILDERS INC 142 W VERDUGO AVE BURBANK CA 91502 CONSTRUCTION MGMT 1172988 TEK SYSTEMS PO BOX 198568 ATLANTA GA 303848568 TEMPORARY WORK 718320 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 ITS CONSULTING 699064 13 494090 6231622 25895770 1850182 32621482 TUITION AND FEES 900099 371127612 371127612 AUXILIARY 900099 38304389 38304389 CONFERENCES 532000 4521968 720182 3801786 FITNESS CENTER 713940 1407023 1199565 207458 OTHER PROGRAM SERVICE REVENUE 900099 9198848 9198848 424559840 4454371 -310487 4764858 0 188799 188799 889805 933925 -44120 0 -44120 -44120 84250374 4570000 82361419 3346598 1888955 1223402 3112357 53061 3059296 293834 494090 359548 -65714 -65714 0 0 0 0 0 0 0 464827015 420550596 3751818 7903119 117765 117765 104733172 104733172 411764 411764 0 3466880 135648 3061385 269847 1063181 815981 247200 164992980 139259566 19547362 6186052 14232748 11993528 1707850 531370 32052530 26762935 4081505 1208090 11462060 9505370 1521416 435274 368712 320234 48478 0 982659 978448 4211 529861 529861 2163 2163 23419 23419 1264083 76607 1187476 17455826 13687779 3672076 95971 2760873 2374800 373516 12557 6636859 5175447 1263823 197589 7838174 6112491 1708165 17518 0 13273771 10616998 2654250 2523 7251385 6848199 309619 93567 0 10153271 7285771 2774186 93314 9108981 6345264 2763717 0 27846032 25570992 2275040 1550179 898562 650795 822 Student Work 11157624 9354656 1645058 157910 EQUIPMENT AND MAINTENANCE 1787940 775149 1010089 2702 BOOKS & PERIODICALS 2488156 2472730 14522 904 RECRUITING EXPENSES 1382219 1228174 154045 10211812 8618085 1528916 64811 466607079 401499830 55708798 9398451 29806972 46854148 0 0 19710196 18318372 21432491 16613338 410000 225000 0 0 11235654 9403415 0 0 6995801 7210930 1034403641 400491000 641664957 633912641 166123000 170595000 293514000 335292345 27984353 26686138 0 0 1010785 0 1219888209 1265111327 100613298 107874537 0 0 20769388 23438999 131240271 122610076 2093395 2277325 0 0 0 0 0 0 47250816 46511373 301967168 302712310 X 610990467 621502146 108004867 136136288 198925707 204760583 917921041 962399017 1219888209 1265111327 X -1780064 46644191 -847768 461617 X false true X true true true X 23760202 39681455 35931649 32843151 32621482 164837939 0 0 23760202 39681455 35931649 32843151 32621482 164837939 25391000 139446939 6940218 7623081 7009375 6376082 4643170 32591926 0 261228 253125 222336 184152 293834 1214675 198644540 3072726603 0.70199 0.69790 X 0.00000 SCHEDULE A, PART II, LINE 10 OTHER INCOME AMOUNTS CONSIST OF GROSS INCOME FROM FUNDRAISING EVENTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 2163 false false 2163 false LOBBYING ACTIVITIES SCHEDULE C, PART II-B, LINE 1G PAYMENT FOR TRAVEL AND COMPENSATION FOR UNIVERSITY EMPLOYEES AND STUDENTS TO ATTEND CAL GRANT LOBBYING DAY IN SACRAMENTO, CA. THE UNIVERSITY PAYS MEMBERSHIP DUES TO MEMBERSHIP ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. X X X false false true 418855522 17305101 50506621 13651151 14642428 885000 457488665 448480000 12381078 -14240231 14712685 12201640 851000 418855522 458000000 9758000 13814000 8495255 23726745 870000 448480000 412034000 17256000 49349000 5898258 13990742 750000 458000000 409128000 13343000 57689000 5469670 62656330 0 412034000 0.50000 0.38000 0.12000 false false 50981000 50981000 9594467 540817533 137497000 412915000 48306000 34540000 13766000 183799000 141675000 42124000 200905641 86779000 114126641 633912641 Commingled Funds 166496000 F Alternative Investment Funds 165952345 F Real Estate and Other 2844000 F 335292345 0 US GOVERNMENT GRANTS REFUNDABL 10530459 ANNUITY LIABILITIES AND ASSETS 726227 LOAN FUNDS RETURNABLE TO DONOR 1169687 TAXABLE BONDS 34085000 46511373 404920017 46644191 704798 47348989 357571028 2111851 105144136 107255987 464827015 360442041 243181 243181 360198860 1264083 105144136 106408219 466607079 SCHEDULE D, PART III, LINE 1A THE UNIVERSITY HAS ADOPTED SFAS NO. 116 - DISCLOSURE REQUIREMENTS. ASSETS DETERMINED TO BE A COLLECTION OR WORKS OF ART MAY NOT BE INCLUDED IN REVENUES OR GAINS IF THEY ARE NOT CAPITALIZED. THE CAPITALIZATION OF COLLECTIONS IS OPTIONAL. SCHEDULE D, PART III, LINE 4 THE UNIVERSITY MAINTAINS A NUMBER OF ART COLLECTIONS WHICH ARE DESCRIBED IN GREAT DETAIL ON THE UNIVERSITY'S WEBSITE: HTTP://LIBRARY.LMU.EDU /ARCHIVESANDSPECIALCOLLECTIONS. ART AND COLLECTIONS ARE AVAILABLE FOR PUBLIC EXHIBITION AND ARE PRIMARILY USED FOR EDUCATIONAL PURPOSES. SCHEDULE D, PART IV, LINE 2A THE UNIVERSITY SERVES AS TRUSTEE FOR ONE CHARITABLE REMAINDER TRUST AND MAINTAINS THE ASSETS AND CORRESPONDING RESERVE LIABILITIES ON THE BALANCE SHEET. SIMILARLY, THE UNIVERSITY HAS A NUMBER OF ANNUITIES WHERE THE ASSETS AND CORRESPONDING RESERVE LIABILITIES ARE ON THE BALANCE SHEET. SCHEDULE D, PART V, LINE 4 THE OVERALL PURPOSE OF THE ENDOWMENT FUND IS TO PROVIDE A RELATIVELY PREDICTABLE, STABLE, AND CONSISTENT RETURN SUFFICIENT TO MEET A PORTION OF THE SPENDING NEEDS OF THE UNIVERSITY. THE ENDOWMENT FUNDS HAVE BEEN ESTABLISHED TO PROVIDE FUNDING FOR ACTIVITIES THAT SUPPORT THE UNIVERSITY'S EDUCATIONAL MISSION. SCHEDULE D, PART X, LINE 2 THE UNIVERSITY'S FINANCIAL STATEMENTS DO NOT REPORT ANY UNCERTAIN TAX POSITIONS. SCHEDULE D, PART XI, LINE 2D OTHER EXPENSES ($116,367) FUNDRAISING DIRECT EXPENSES $359,548 SWAP EXPENSES $461,617 -------------- $704,798 SCHEDULE D, PART XI, LINE 4B SCHOLARSHIPS $105,144,136 SCHEDULE D, PART XII, LINE 2D OTHER EXPENSES ($116,367) FUNDRAISING DIRECT EXPENSES $359,548 -------------- $243,181 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $105,144,136 true true true true true true true false false false false false false false false true false true FORM 990, SCHEDULE E, LINE 3 THE NON-DISCRIMINATION POLICY IS ACCESSIBLE VIA THE UNIVERSITY'S WEBSITE AND IS INCLUDED IN UNIVERSITY PUBLICATIONS INCLUDING THE UNIVERSITY BULLETIN, RECRUITMENT MATERIALS, ADVERTISEMENTS (STUDENT, FACULTY, STAFF), AND OTHER RELATED MATERIALS. FORM 990, SCHEDULE E, LINE 6A THE UNIVERSITY RECEIVES ASSISTANCE FROM THE FOLLOWING STATE AND FEDERAL AGENCIES: 1. DEPARTMENT OF HEALTH AND HUMAN SERVICES 2. NATIONAL SCIENCE FOUNDATION 3. NATIONAL SECURITY AGENCY 4. U.S. DEPARTMENT OF EDUCATION 5. U.S. DEPARTMENT OF AGRICULTURE 6. INSTITUTE OF MUSEUM AND LIBRARY SERVICES 7. NATIONAL ENDOWMENT FOR HUMANITIES 8. DEPARTMENT OF INTERIOR true Central America and the Caribbean 8 Program Services STUDY ABROAD/SUMMER PR 99429 East Asia and the Pacific 26 Program Services STUDY ABROAD/SUMMER PR 126090 Europe (Including Iceland and Greenland) 53 Program Services STUDY ABROAD/SUMMER PR 724697 North America 32 Program Services STUDY ABROAD/SUMMER PR 73372 South America 5 Program Services STUDY ABROAD/SUMMER PR 343207 South Asia 3 Program Services STUDY ABROAD/SUMMER PR 7248 Sub-Saharan Africa 1 Program Services STUDY ABROAD/SUMMER PR 1500 Central America and the Caribbean Investments 125974678 Europe (Including Iceland and Greenland) Investments 810341 128 128 128160562 128160562 SCHOLARSHIP FOR TUITION South America 12 26050 CR STUD ACCT SCHOLARSHIP FOR TUITION Central America and the Caribbean 3 3815 CR STUD ACCT SCHOLARSHIP FOR TUITION Sub-Saharan Africa 1 2000 CR STUD ACCT SCHOLARSHIP FOR TUITION East Asia and the Pacific 16 32200 CR STUD ACCT SCHOLARSHIP FOR TUITION Europe (Including Iceland and Greenland) 118 343699 CR STUD ACCT SCHOLARSHIP FOR TUITION North America 1 4000 CR STUD ACCT true false true true true false MONITORING PROCEDURES- FORM 990, SCHEDULE F, PART I, LINE 2 SCHOLARSHIPS PROVIDED TO STUDENTS WHILE ABROAD ARE CREDITED TO THE STUDENT'S UNIVERSITY ACCOUNT IN THE US AND ARE NON-CASH TRANSACTIONS. X true Stockade Consulting Group 650 Franklin St Schenectady NY 12301 Phone Solicitatio false 30415 23419 6997 30415 23419 6997 CJ Dinner 316600 250410 66190 102447 19499 Grand Reunion 156384 134059 22325 38138 37773 39286 3 314940 109621 205319 16000 46511 9251 50643 787924 494090 293834 54138 186731 9251 109428 359548 -65714 true TEACH FOR AMERICA 606 S OLIVE ST LOS ANGELES CA 90014 133541913 501(C)(3) 25000 SPONSORSHIP CATHOLIC JEWISH WOMEN'S CONFERENCE 5441-1 YARMOUTH AVE ENCINO CA 91316 870753002 501(c)(3) 7350 DONATIONS/CONTRIBUTIONS ACCESSURF HAWAII INC PO BOX 15152 HONOLULU HI 96830 204420646 501(C)(3) 10000 DONATIONS/CONTRIBUTIONS 3 0 SCHOLARSHIP/GRANTS FOR STUDENTS 6770 104733172 FORM 990, SCHEDULE I, PART I, LINE 2 THE UNIVERSITY AWARDS GRANTS/SCHOLARSHIPS ACCORDING TO UNIVERSITY POLICY. GRANTS AND SCHOLARSHIPS AWARDED TO STUDENTS ARE MONITORED BY MANAGEMENT. RECONCILIATION BETWEEN FINANCIAL AID AND ACCOUNTING ARE DONE ON A MONTHLY BASIS. SCHEDULE I, PART III CASH GRANTS ARE CREDITED TO STUDENT ACCOUNTS. X X X false true X X X true false false false false false false false false ELENA M BOVE SVP FOR STUDENT AFFAIRS 224526 0 0 0 20694 0 21658 0 28351 0 295229 0 0 0 DAVID W BURCHAM FORMER PRESIDENT/TRUSTEE 191554 0 0 0 7841 0 15538 0 19596 0 234529 0 0 0 REBECCA L CHANDLER VP FOR HUMAN RESOURCES 208632 0 0 0 6915 0 24000 0 7422 0 246969 0 0 0 DENNIS W DRAPER DEAN, COLLEGE OF BUSINESS ADMI 353377 0 0 0 16619 0 24000 0 25812 0 419808 0 0 0 MICHAEL G DUNLAP MEN'S BASKETBALL COACH 553523 0 0 0 6198 0 24000 0 30327 0 614048 0 0 0 THOMAS O FLEMING JR SVP & CHIEF FINANCIAL OFFICER 261195 0 0 0 21272 0 24000 0 30716 0 337183 0 0 0 FREDERICK GARCIA FORMER VP FOR FACILITIES MGMT 125002 0 0 0 4050 0 24000 0 4453 0 157505 0 0 0 VICTOR J GOLD FORMER SVP & DEAN LOYOLA LAW S 258838 0 0 0 3302 0 24000 0 24342 0 310482 0 0 0 TIMOTHY S HAWORTH VP OF FACILITIES MANAGEMENT 185737 0 0 0 1184 0 23867 0 7898 0 218686 0 0 0 PAUL T HAYDEN FORMER INTERIM SVP AND DEAN LL 255608 0 0 0 1725 0 13086 0 21510 0 291929 0 0 0 JOSEPH B HELLIGE EVP & PROVOST 383494 0 0 0 21685 0 19470 0 38039 0 462688 0 0 0 JAMES M LANDRY FORMER INT VP FOR ENROLL MGMT 142328 0 0 0 3722 0 7443 0 17985 0 171478 0 0 0 SHANE P MARTIN DEAN, SCHOOL OF EDUCATION 301234 0 0 0 12058 0 24000 0 16911 0 354203 0 0 0 EVELYNNE B SCARBORO EVP & CAO 265682 0 0 0 12598 0 24000 0 15236 0 317516 0 0 0 DENNIS SLON SVP FOR UNIVERSITY RELATIONS 303328 0 0 0 14497 0 24000 0 18193 0 360018 0 0 0 TIMOTHY LAW SNYDER PRESIDENT/TRUSTEE 453375 0 0 0 47275 0 24000 0 38983 0 563633 0 0 0 STEPHEN G UJLAKI DEAN, SCHOOL OF FILM AND TELEV 260840 0 0 0 57149 0 18987 0 34040 0 371016 0 0 0 GEORGENE M VAIRO LAW PROFESSOR 131578 0 0 0 240717 0 0 0 12674 0 384969 0 0 0 MICHAEL E WATERSTONE SVP AND DEAN LLS 295666 0 0 0 14947 0 15243 0 31309 0 357165 0 0 0 MAUREEN P WEATHERALL VP OF ENROLLMENT MANAGEMENT 217335 0 0 0 17454 0 24000 0 23201 0 281990 0 0 0 CAROLINE T WILHELM TREASURER 179157 0 0 0 932 0 18000 0 1965 0 200054 0 0 0 SCHEDULE J, PART I, LINE 1A AND 1B SOCIAL CLUB DUES TIMOTHY LAW SNYDER, DENNIS SLON AND SHANE MARTIN RECEIVE SOCIAL CLUB DUES AND REIMBURSE THE UNIVERSITY FOR ANY PERSONAL USE. PAYMENT OF SOCIAL CLUB DUES FOR BUSINESS USE IS IN ACCORDANCE WITH UNIVERSITY POLICY. BUSINESS USE IS NON-TAXABLE TO THE INDIVIDUALS LISTED ABOVE IN ACCORDANCE WITH THE IRS ACCOUNTABLE PLAN RULES. TRAVEL FOR COMPANIONS THE UNIVERSITY ALSO PROVIDED TRAVEL REIMBURSEMENT FOR TIMOTHY LAW SNYDER'S SPOUSE RELATED TO UNIVERSITY BUSINESS. THE BOARD OF TRUSTEES HAS APPROVED SPOUSAL TRAVEL FOR CERTAIN FUNDRAISING EVENTS IN WHICH THE SPOUSE IS ACTING AS AN AGENT FOR THE UNIVERSITY DURING THESE EVENTS. THESE REIMBURSEMENTS WERE NON-TAXABLE IN ACCORDANCE WITH THE IRS ACCOUNTABLE PLAN RULES. HOUSING ALLOWANCE TEMPORARY HOUSING ALLOWANCE MAY BE PROVIDED WHEN EXECUTIVES ARE HIRED AND ARE RELOCATING FROM OUTSIDE THE AREA. NO PERMANENT HOUSING ALLOWANCES WERE PROVIDED DURING THE REPORTING PERIOD. TIMOTHY LAW SNYDER RECEIVED A TEMPORARY HOUSING ALLOWANCE. THIS ALLOWANCE IS TAXABLE IN ACCORDANCE WITH THE IRS ACCOUNTABLE PLAN RULES. RESIDENCE FOR PERSONAL USE HOUSING IS PROVIDED TO THE CURRENT PRESIDENT IN PROXIMITY TO THE UNIVERSITY CAMPUS. THE VALUE OF HOUSING IS NOT REPORTED ON FORM W-2 AS TAXABLE INCOME AS THE PRESIDENT IS REQUIRED TO ACCEPT SUCH LODGING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE RENTAL VALUE OF THE PORTION OF THE PRESIDENT'S HOME THAT IS USED FOR PERSONAL PURPOSES IS INCLUDED AS A NONTAXABLE BENEFIT TO THE PRESIDENT AND IS REPORTED ON SCHEDULE J, PART II, COLUMN (D). EXPENSES AND REIMBURSEMENTS FOR THE ABOVE NOTED ITEMS ARE REVIEWED AND APPROVED AS APPROPRIATE BY THE RELEVANT AUTHORITIES. WHILE THE UNIVERSITY DOES NOT HAVE A SEPARATE WRITTEN POLICY REGARDING PAYMENT AND REIMBURSEMENT FOR THOSE EXPENSES, THE UNIVERSITY POLICY FOR ALL REIMBURSEMENTS IS COMPREHENSIVE AND UNUSUAL EXPENSES, IF ANY, OR REIMBURSEMENT REQUESTS, IF ANY, WOULD BE EVALUATED. SCHEDULE J, PART I, LINE 4A GEORGENE VAIRO RECEIVED A SEVERANCE PAYMENT OF $239,028. A California Educational Facilities Authority 521705592 130178H25 2011-11-22 23629875 REFUNDING CEFA 2001A CIB false false false B California Educational Facilities Authority 521705592 1301758B1 2015-06-17 30025000 CEFA REFUND SERIES 2010 B false false false C California Educational Facilities Authority 521705592 130178VP8 2010-03-30 67035951 TO CONSTRUCT AND RENOVATE false false false A 14394875 0 23629875 0 0 0 390049 0 0 0 23239826 0 2011 true false true true B 2100000 0 30025000 0 0 0 0 0 0 0 30025000 0 2015 true false true true C 20050951 0 67035951 0 0 0 627483 0 0 24128841 42279627 0 2011 true false true true A false false false 0 true B false true true true false 0.02300 0.00400 0.02700 false false false true C false true true true false 0.00800 0.00200 0.01000 false false false true A false true true false false false 0 false 0 false true B false true true false true false 0 false 0 false true C false false true false false false 0 false 0 false true A true B true C true MAUREEN WEATHERALL Home Equity X 150000 105000 false true true 105000 PCAM TRUSTEE IS CEO 217222 PARKING SERVICE FEE false MARGARET BOVE-LAMONICA FAMILY MEMBER OF OFFICER 51876 COMPENSATION false JOHN A PAGE FAMILY MEMBER OF TRUSTEE 135933 COMPENSATION false X 76390 FMV X 86 1559319 FMV X Other: Athletic Equipment/Other 12 124142 FMV X Other: Food 21 90331 FMV false true true SCHEDULE M, PART I, COLUMN B: THE UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS AND NOT THE NUMBER OF ITEMS. SCHEDULE M, PART I, LINE 32B: THE UNIVERSITY MAY UTILIZE EXTERNAL REAL ESTATE PROFESSIONALS TO LIQUIDATE REAL ESTATE CONTRIBUTIONS. SCHEDULE M, PART I, 33: THE UNIVERSITY HAS ADOPTED SFAS NO. 116 - DISCLOSURE REQUIREMENTS. ASSETS DETERMINED TO BE A COLLECTION OR WORKS OF ART MAY NOT BE INCLUDED IN REVENUES OR GAINS IF THEY ARE NOT CAPITALIZED. THE CAPITALIZATION OF COLLECTIONS IS OPTIONAL. FORM 990, PART I, LINE 1 & PART III, LINE 1 ORGANIZATION'S MISSION LOYOLA MARYMOUNT UNIVERSITY MAINTAINS A THREE-FOLD MISSION: 1) THE ENCOURAGEMENT OF LEARNING, 2) THE EDUCATION OF THE WHOLE PERSON, AND 3)THE SERVICE OF FAITH AND THE PROMOTION OF JUSTICE. FORM 990, PART I, LINE 5 AND PART V, LINE 2A A TOTAL OF 7,543 INDIVIDUALS WERE SENT FORMS W-2 BY THE UNIVERSITY IN CALENDAR YEAR 2016. INCLUDED IN THIS NUMBER ARE 3,289 EMPLOYEES AND 4,254 STUDENT WORKERS. FORM 990, PART I, LINE 6 THERE ARE A NUMBER OF STUDENTS AND ALUMNI WHO VOLUNTEER THEIR TIME FOR VARIOUS PURPOSES AT THE UNIVERSITY. THESE VOLUNTEERS, HOWEVER, ARE NOT FORMALLY TRACKED BY THE UNIVERSITY. FORM 990, PART III, LINE 4A LOYOLA MARYMOUNT UNIVERSITY IS AN INDEPENDENT, COEDUCATIONAL UNIVERSITY. IN FISCAL 2017, LMU PROVIDED INSTRUCTION, RESEARCH, STUDENT SERVICES, AND ACADEMIC SUPPORT FOR 8,813 FULL-TIME EQUIVALENT STUDENTS. OF THESE STUDENTS, 6,150 WERE UNDERGRADUATES, 1,721 WERE IN VARIOUS GRADUATE PROGRAMS, AND 942 WERE ENROLLED AT LOYOLA LAW SCHOOL. FULL TIME FACULTY EMPLOYED WAS 586, PART-TIME WAS 542, FOR A TOTAL FACULTY OF 1,128. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF TRUSTEES OF LOYOLA MARYMOUNT UNIVERSITY HAS AN EXECUTIVE COMMITTEE WHICH MAY ACT FOR AND IN PLACE OF THE BOARD OF TRUSTEES BETWEEN REGULAR BOARD MEETINGS AND DURING ANY RECESS. ONLY TRUSTEES CAN BE MEMBERS OF THE EXECUTIVE COMMITTEE. IN NO EVENT SHALL THE EXECUTIVE COMMITTEE CONSIST OF LESS THAN THREE MEMBERS. EACH CATEGORY OF MEMBERSHIP OF THE BOARD (LAY PERSONS, JESUITS AND SISTERS) SHALL HAVE REPRESENTATION ON THE EXECUTIVE COMMITTEE. THE CHAIR OF THE BOARD SHALL CHAIR THE EXECUTIVE COMMITTEE, AND THE PRESIDENT SHALL BE A MEMBER, EX OFFICIO. THE BOARD EXECUTIVE COMMITTEE SHALL HAVE ALL OF THE POWERS OF THE BOARD OF TRUSTEES AND EXERCISE ALL OF ITS DUTIES, EXCEPT: (I) THOSE WHICH REQUIRE BY LAW, THE ARTICLES OF INCORPORATION OR THE BYLAWS CONCURRENCE BY A GREATER NUMBER OF MEMBERS OF THE BOARD THAN REQUIRED FOR BOARD APPROVAL; AND (II) THOSE WHICH MAY, FROM TIME TO TIME, BE SPECIFICALLY WITHHELD FROM THE EXECUTIVE COMMITTEE BY THE BOARD OR THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 4 LMU'S BYLAWS WERE REVISED TO INCLUDE THE AUTHORIZED APPOINTMENT OF ONE OR MORE EXECUTIVE VICE PRESIDENTS (EVP) AND PROVIDED AN ORDER OF SUCCESSION AMONG THE TWO EVP POSITIONS DURING THE TEMPORARY ABSENCE OF THE PRESIDENT. THE EVP & PROVOST SERVES AS PRESIDENT DURING THE PRESIDENTS TEMPORARY ABSENCE. FORM 990, PART VI, SECTION A, LINE 11A IN CONJUNCTION WITH PRICEWATERHOUSECOOPERS, A FORM 990 IS PREPARED FOR MANAGEMENT REVIEW. THE FORM 990 IS THEN REVIEWED BY THE AUDIT COMMITTEE. A COPY OF THE FORM 990 WAS PROVIDED TO THE UNIVERSITY'S GOVERNING BODY BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY FOR ADMINISTRATIVE EMPLOYEES (INCLUDING OFFICERS AND KEY EMPLOYEES) IS COMPLETED BY THOSE INDIVIDUALS WHO ARE NOT ON THE FACULTY WHEN HIRED. IT IS UPDATED ANNUALLY OR AT A TIME OF SIGNIFICANT CHANGE IN INTEREST OCCURRING THEREAFTER BY ALL INDIVIDUALS DESIGNATED BY THE SENIOR VICE PRESIDENT OF A DIVISION OR BY THE PRESIDENT FOR THE UNIVERSITY AS A WHOLE. INTERNAL AUDIT ADMINISTERS THE DISTRIBUTION AND COLLECTION OF THE ANNUAL DISCLOSURES WORKING WITH THE APPROPRIATE SENIOR VICE PRESIDENTS. IN ACCORDANCE WITH THE POLICY, FOR MATTERS DISCLOSED, A WRITTEN DETERMINATION AS TO WHETHER THE MATTER CONSTITUTES A CONFLICT IS MADE BY THE SENIOR VICE PRESIDENT OF THE EMPLOYEE'S DIVISION. THE EMPLOYEE IS INFORMED OF THE DETERMINATION. THE TRUSTEES' CONFLICT OF INTEREST POLICY IS ADMINISTERED BY THE PRESIDENT'S OFFICE ANNUALLY, AND DISCLOSURES ARE REVIEWED BY THE UNIVERSITY'S GENERAL COUNSEL. IF IT IS DETERMINED THAT A CONFLICT EXISTS, THE TRUSTEE DOES NOT VOTE WITH THE BOARD OF TRUSTEES ON MATTERS THAT RELATE TO THAT CONFLICT. A SEPARATE POLICY EXISTS FOR FACULTY MEMBERS WHO DO NOT HAVE BUDGET AUTHORITY (THE FACULTY POLICY). FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT COMPENSATION CONSULTANT COMPLETES A COMPREHENSIVE STUDY OF EXECUTIVE COMPENSATION EVERY OTHER YEAR IN ODD YEARS, AND USES A PREDETERMINED COMPARATOR GROUP OF UNIVERSITIES AND SIMILAR SIZED ORGANIZATIONS TO BENCHMARK LEADERSHIP POSITIONS. WELL RECOGNIZED SALARY SURVEY DATA IS USED. ALL EXECUTIVES ARE EMPLOYED "AT WILL" BUT COMPENSATION AT TIME OF HIRE IS ARTICULATED IN THEIR EMPLOYMENT AGREEMENTS. THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE COMPENSATION FOR THE PRESIDENT AND CFO ANNUALLY. THE MEMBERS OF THE SOCIETY OF JESUS, THE RELIGIOUS OF THE SACRED HEART OF MARY, AND THE SISTERS OF ST. JOSEPH OF ORANGE CONSTITUTE APROXIMATELY 2% OF THE UNIVERSITY'S FULL AND PART-TIME FACULTY AND ADMINISTRATIVE STAFF. DURING THE YEAR ENDED MAY 31, 2017, THE UNIVERSITY PAID THESE RELIGIOUS COMMUNITIES APPROXIMATELY $3,546,000 FOR THEIR SERVICES. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S FINANCIAL STATEMENTS, FORM 990, AND CONFLICT OF INTEREST POLICY ARE ALL AVAILABLE FOR PUBLIC REVIEW ON THE UNIVERSITY'S WEBSITE. THE UNIVERSITY'S GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC REVIEW UPON REQUEST. FORM 990, PART X, LINES 9 AND 20 IN APRIL 2015, THE FASB ISSUED A STANDARD ON SIMPLIFYING THE PRESENTATION OF DEBT ISSUANCE COSTS. THIS STANDARD REQUIRES ALL COSTS INCURRED TO ISSUE DEBT TO BE PRESENTED IN THE BALANCE SHEET AS A DIRECT DEDUCTION FROM THE CARRYING VALUE OF THE ASSOCIATED DEBT LIABILITY. THE STANDARD IS EFFECTIVE FOR FISCAL YEARS BEGINNING AFTER DECEMBER 15, 2016 WITH EARLY ADOPTION PERMITTED. MANAGEMENT HAS CHOSEN TO EARLY ADOPT THE GUIDANCE EFFECTIVE FOR THE UNIVERSITYS MAY 31, 2017 FINANCIAL STATEMENTS WITH THE CHANGE APPLIED RETROSPECTIVELY FOR THE YEAR ENDED MAY 31, 2016. AS A RESULT, ASSET AND LIABILITY AMOUNTS REPORTED ON FORM 990, PART X, COLUMN (A) MAY BE DIFFERENT THAN THE AMOUNTS REPORTED AS ENDING BALANCES ON THE FORM 990, PART X, COLUMN (B) FOR THE YEAR ENDED MAY 31, 2016. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: INCREASE IN VALUE OF INTEREST SWAP AGREEMENT: $461,617 FUNDACION LMU - CASA DE LA MATEADA CALLE LAVERAN 5551 VILLA BELGRANO CORDOBA AR EDUCATION AR 501(C)(3) LMU true CHARITABLE REMAINDER TRUSTS (11) FUNDRAISING CA NA TRUST true false false false false false false false false false false false false false false false false false false false