2018-04-13T15:41:01-05:00 2017-05-31 KPMG LLP 1676 International Drive Ste 1200 McLean VA 22102 990 2016-06-01 520591623 Loyola University Maryland Inc % JOHN COPPOLA LOYO 4106172917 4501 N Charles Street Baltimore MD 212102699 RANDALL D GENTZLER VP FOR FINANCE 4106172917 2018-04-13 true RAYMOND LY P01205643 7032868000 2018-04-12 167.68.102.5 54028020181035000047 2018-04-13 P 553C94DFF4A430E5F5CF6ABCDB9EB59FEC130575 338DF67F7D76F452896565F2BC00488146B8E0D7 2016 2021-01-29 14:40:06Z Rev Brian F Linnane SJ 4501 N Charles Street Baltimore MD 212102699 352720450 false X www.loyola.edu X 1853 MD LOYOLA UNIVERSITY MARYLAND INC IS A JESUIT CATHOLIC UNIVERSITY COMMITTED TO THE EDUCATIONAL TRADITIONS OF THE SOCIETY OF JESUS AND THE DEVELOPMENT OF THE WHOLE PERSON. 28 28 3769 0 -573822 -641854 17989197 20068803 259577330 270486046 6345446 8404526 3308168 2723286 287220141 301682661 73169406 78962473 0 0 110271387 112198787 168492 202946 5512796 89126870 94775718 272736155 286139924 14483986 15542737 614310372 646321008 176001548 172495360 438308824 473825648 X LOYOLA UNIVERSITY MARYLAND INC IS A JESUIT CATHOLIC UNIVERSITY COMMITTED TO THE EDUCATIONAL AND SPIRITUAL TRADITIONS OF THE SOCIETY OF JESUS AND TO THE IDEALS OF LIBERAL EDUCATION AND THE DEVELOPMENT OF THE WHOLE PERSON. 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301682661 206130449 217284 217284 205913165 1314286 78912473 80226759 286139924 Form Sch D Part V Line 4 The University's endowment fund helps provide affordable education to students by providing funds for financial aid and by supporting the operations of the University. Form Sch D Part X Line 2 SCHEDULE D, PART X THE UNIVERSITY IS QUALIFIED AS A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE, AS AMENDED. ACCORDINGLY, THE UNIVERSITY IS NOT SUBJECT TO 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 WAS REQUIRED FOR FISCAL YEARS 2017 OR 2016. 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 (OR ASSET) IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF MAY 31, 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTION; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. Form Sch D Part XI Line 4b FINANCIAL AID EXPENSE 78,912,473 DIRECT FUNDRAISING EXPENSE (217,284) ---------- 78,695,189 Form Sch D Part XII Line 2d Direct Fundraising Expense 217,284 Form Sch D Part XII Line 4b Financial Aid expense 78,912,473 true true true true true true true false false false false false false false false true false true Form Sch E Part I Line 3 LOYOLA UNIVERSITY MARYLAND DOES NOT DISCRIMINATE ON THE BASIS OF RACE, SEX, COLOR, NATIONAL OR ETHNIC ORIGIN, AGE, RELIGION, DISABILITY, MARITAL STATUS, SEXUAL ORIENTATION, GENETIC INFORMATION, MILITARY STATUS, OR ANY OTHER LEGALLY PROTECTED CLASSIFICATION IN THE ADMINISTRATION OF ANY OF ITS EDUCATIONAL PROGRAMS AND ACTIVITIES OR WITH RESPECT TO ADMISSION OR EMPLOYMENT. THE DESIGNATED COMPLIANCE OFFICER TO ENSURE COMPLIANCE WITH TITLE IX OF THE EDUCATION AMENDMENTS OF 1972, AS AMENDED, IS KATHLEEN PARNELL, ASSOCIATE VICE PRESIDENT FOR HUMAN RESOURCES, 5000 YORK ROAD, ROOM 204, 410-617-2354. THE COORDINATOR TO ENSURE COMPLIANCE WITH SECTION 504 OF THE REHABILITATION ACT OF 1973, AS AMENDED, IS KATHLEEN PARNELL, ASSOCIATE VICE PRESIDENT FOR HUMAN RESOURCES, 5000 YORK ROAD, ROOM 204, 410-617-2354. LOYOLA UNIVERSITY MARYLAND IS AUTHORIZED UNDER FEDERAL LAW TO ENROLL NON-IMMIGRANT, ALIEN STUDENTS. THIS PUBLICATION DOES NOT CONSTITUTE AN EXPRESSED OR IMPLIED CONTRACT. LOYOLA RESERVES THE RIGHT TO AMEND OR RESCIND THIS PUBLICATION AT ANY TIME. true Central America and the Caribbean Investments 45493558 East Asia and the Pacific 2 Program Services International Studies 1141679 Europe (Including Iceland and Greenland) 2 5 Program Services International Studies 4830139 South America Program Services International Studies 1600 Sub-Saharan Africa Program Services International Studies 325228 Central America and the Caribbean Program Services FINANCIAL AID 30800 East Asia and the Pacific Program Services FINANCIAL AID 123551 Europe (Including Iceland and Greenland) Program Services FINANCIAL AID 177619 Middle East and North Africa Program Services FINANCIAL AID 18000 North America Program Services FINANCIAL AID 157536 South America Program Services FINANCIAL AID 22000 2 7 2 7 52321710 52321710 Financial Assistance Central America and the Caribbean 1 30800 FIN AID FMV Financial Assistance East Asia and the Pacific 6 123551 FIN AID FMV Financial Assistance Europe (Including Iceland and Greenland) 5 177619 FIN AID FMV Financial Assistance Middle East and North Africa 1 18000 FIN AID FMV Financial Assistance North America 4 157536 FIN AID FMV Financial Assistance South America 1 22000 FIN AID FMV true false true true true false Form Sch F Part I Line 2 ALL FINANCIAL AID IS APPLIED DIRECTLY TO THE STUDENTS' OUTSTANDING RECEIVABLE BALANCES. NO CASH IS PHYSICALLY TRANSMITTED. CREDIT BALANCES THAT RESULT FROM FEDERAL STUDENT AND PARENT LOAN PROCEEDS ARE DISTRIBUTED TO THE BORROWER WITHIN THE SPECIFIED TIME FRAME REQUIRED BY THE REGULATIONS GOVERNING THESE PROGRAMS. ELIGIBILITY FOR NEED-BASED GRANTS, LOANS, AND WORK-STUDY FORMS OF FEDERAL STUDENT AID IS DETERMINED USING THE RESULTS OF THE FEDERAL METHODOLOGY NEED ANALYSIS FORMULA. STUDENT AID AWARDED FROM BOTH FEDERAL AND INSTITUTIONAL SOURCES ARE MONITORED CONTINUOUSLY THROUGHOUT THE FISCAL YEAR USING VARIOUS BUDGET STATUS REPORTS, STUDENT ACCOUNT STATUS REPORTS, AND DEFERRAL AND INSTITUTIONAL PROGRAM RECONCILIATION REPORTS. X X X X X X X true Grenzebach Glier Associates Inc PO Box 775324 Chicago IL 60677 Advisory false 58296 Katherine H Caldwell Caldwell As 40 Windward Drive Severna Park MD 21146 Advisory false 15000 Royall Company Inc 1920 East Parham Road Richmond VA 23228 Fundraising false 517047 129650 517047 202946 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI Busines Leader 267750 130225 137525 115783 1030 GOLF INVITAT'L 208400 131000 77400 33658 64305 2508 0 476150 261225 214925 33658 64305 115783 3538 217284 -2359 true BALTIMORE FESTIVAL OF THE ARTS INC 10 EAST BALTIMORE STREET 10TH FLOO Baltimore MD 21202 521559145 501(c)3 50000 FMV SEE PART IV 1 Financial Assistance 3497 78382967 FMV FIN AID Schedule I, Part I, Line 2 GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE UNITED STATES: ALL FINANCIAL AID IS APPLIED DIRECTLY TO THE STUDENTS' OUTSTANDING RECEIVABLE BALANCES. NO CASH IS PHYSICALLY TRANSMITTED. CREDIT BALANCES THAT RESULT FROM FEDERAL STUDENT AND PARENT LOAN PROCEEDS ARE DISTRIBUTED TO THE BORROWER WITHIN THE SPECIFIED TIME FRAME REQUIRED BY THE REGULATIONS GOVERNING THESE PROGRAMS. ELIGIBILITY FOR NEED-BASED GRANTS, LOANS, AND WORK-STUDY FORMS OF FEDERAL STUDENT AID IS DETERMINED USING THE RESULTS OF THE FEDERAL METHODOLOGY NEED ANALYSIS FORMULA. STUDENT AID AWARDED FROM BOTH FEDERAL AND INSTITUTIONAL SOURCES ARE MONITORED CONTINUOUSLY THROUGHOUT THE FISCAL YEAR USING VARIOUS BUDGET STATUS REPORTS, STUDENT ACCOUNT STATUS REPORTS, AND DEFERRAL AND INSTITUTIONAL PROGRAM RECONCILIATION REPORTS. Schedule I, Part II Purpose of Grant THE UNIVERSITY CONTRIBUTED TO THE BALTIMORE FESTIVAL OF THE ARTS LIGHT CITY EVENT IN BALTIMORE CITY. THIS INTERNATIONAL LIGHT FESTIVAL SHOWCASES CONCEPTUAL EXHIBITS OF ART, MUSIC, TECHNOLOGY, AND PIONEERING IDEAS. X X true true false false false false false false false false false SUSAN DONOVAN EXECUTIVE VICE PRESIDENT 341495 0 160555 0 0 0 23850 0 14191 0 540091 0 0 0 MARC CAMILLE VICE PRESIDENT 254197 0 9536 0 19185 0 23850 0 14126 0 320894 0 0 0 RANDALL GENTZLER VICE PRESIDENT 293026 0 0 0 0 0 23850 0 10496 0 327372 0 0 0 SHEILAH HORTON VICE PRESIDENT 209507 0 0 0 0 0 19080 0 914 0 229501 0 0 0 TERRENCE SAWYER VICE PRESIDENT 274099 0 15480 0 5226 0 23850 0 14054 0 332709 0 0 0 AMY WOLFSON VICE PRESIDENT 235021 0 0 0 0 0 22275 0 13990 0 271286 0 0 0 TIMOTHY SNYDER FORMER VICE PRESIDENT 0 0 0 0 150000 0 0 0 0 0 150000 0 0 0 KATHLEEN GETZ DEAN 319266 0 0 0 0 0 23850 0 10312 0 353428 0 0 0 JOSHUA SMITH DEAN 172934 0 0 0 0 0 16426 0 14229 0 203589 0 0 0 AMANDA THOMAS DEAN 186419 0 0 0 0 0 17682 0 13903 0 218004 0 0 0 KARYL LEGGIO PROFESSOR / FORMER DEAN 221912 0 2500 0 0 0 20395 0 9855 0 254662 0 0 0 JAMES BUCKLEY PROFESSOR /Former Interim Dean 166259 0 2750 0 0 0 14933 0 6490 0 190432 0 0 0 CHARLES TOOMEY HEAD COACH MEN'S LACROSSE 200186 0 23020 0 2689 0 19350 0 13728 0 258973 0 0 0 ORLANDO SMITH HEAD COACH MEN'S BASKETBALL 239024 0 7020 0 0 0 22500 0 18632 0 287176 0 0 0 JAMES PAQUETTE AVP & DIRECTOR ATHLETICS 190860 0 22020 0 10182 0 18448 0 7168 0 248678 0 0 0 JOSEPH LOGAN HEAD COACH WOMEN'S BASKETBALL 179229 0 29970 0 3619 0 17640 0 13992 0 244450 0 0 0 MARK JOHNSON ASSOCIATE PROFESSOR 177488 0 21650 0 6527 0 16647 0 6527 0 228839 0 0 0 Form Sch J Part I Line 1a Health or Social Club Dues: The following individuals received memberships in local country clubs or social clubs as part of their job duties with the University: Fr Brian F Linnane SJ, Marc Camille, Susan Donovan, Terrence Sawyer, and James Paquette. The University tracks usage of these clubs and reports personal use as taxable income on the employees' W-2. Form Sch J Part I Line 3 FR BRIAN F LINNANE SJ HAS TAKEN A VOW OF POVERTY AND DOES NOT RECEIVE A W-2 FOR HIS SERVICES TO THE UNIVERSITY. IN ADDITION, FR LINNANE RECEIVED HOUSING FROM THE UNIVERSITY DURING THE YEAR ENDED MAY 31, 2017 IN ORDER TO FULFILL THE OBLIGATION OF THE SOCIETY OF JESUS TO PROVIDE HOUSING FOR FR LINNANE. A MD HEALTH AND HIGHER EDUC FACILITIES AUTHORITY 520936091 574218JJ3 2012-06-07 53943256 2012A-REFUNDING false false false B MD HEALTH AND HIGHER EDUC FACILITIES AUTHORITY 520936091 574218RY1 2014-10-30 63876116 2014-REFUNDING false false false C MD HEALTH AND HIGHER EDUC FACILITIES AUTHORITY 520936091 2014-12-03 11052025 2012B-2014 PARTIAL REISSUANCE false false false D MD HEALTH AND HIGHER EDUC FACILITIES AUTHORITY 520936091 2014-12-03 17882975 2012B-2014 PARTIAL REISSUANCE false false false A 5915000 0 53943256 0 0 0 498916 0 0 0 53444340 0 2009 true false true true B 0 0 63876116 0 0 0 567776 0 0 0 63308340 0 2006 false true true true C 2454096 0 11052025 0 0 0 0 0 0 0 11052025 0 1999 true false true true D 3970904 0 17882975 0 0 0 0 0 0 0 17882975 0 1999 true false true true A false false true true false 0 false false false true B false false true true false 0 false false false true C 0 D 0 A false true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true C false true false false true true WELLS FARGO 11.83 false false false 0 false true D false true false false true true WELLS FARGO 11.83 false false false 0 false true A true B true C true D true SCHEDULE K, PART I, ROW A, COLUMN F: 2012A - REFUNDING - ISSUES DATED 09/17/2008, 12/04/2007, AND 6/23/1999 SCHEDULE K, PART I, ROW B, COLUMN F: 2014 - REFUNDING OF ISSUE DATED 1/04/2006 SCHEDULE K, PART I, ROW C, COLUMN F: 2012B - 2014 RE ISSUANCE OF PORTION OF ISSUE DATE 6/26/2012 SCHEDULE K, PART I, ROW D, COLUMN F: 2012B - 2014 RE ISSUANCE OF PORTION OF ISSUE DATE 6/26/2012 SCHEDULE K, PART I, ROW C AND D: PURSUANT TO SECTIONS 1.141-13(D), 1.148-9(H) AND 1.150-1(C)(3) OF THE INCOME TAX REGULATIONS, THE ISSUER ELECTED TO TREAT THE 12/03/2014 BONDS AS TWO SEPARATE ISSUES AND FILED A SEPARATE FORM 8038 FOR EACH OF THE ISSUES. SCHEDULE K, PART II, COLUMN A, B, C, AND D, LINE 11: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE THAT ARE NO LONGER IN ESCROW. SCHEDULE K, PART III, COLUMN C AND D: THIS BOND ISSUE RELATES TO REFUNDING OF PRE 12/31/2002 ISSUES. THE BOND ISSUE REFUNDED A 2008 ISSUE WHICH, THROUGH A SERIES OR REFUNDINGS, REFUNDED THE SERIES 1996 AND 1985 BONDS; THE ISSUE IS THEREFORE EXEMPT FROM REPORTING ON PART III OF SCHEDULE K. 90060 FINANCIAL AID UG Tuition Remission WILLIAM DONOVAN SPOUSE OF OFFICER 79046 EMPLOYMENT/COMPENSATION false ANDREW FUTTERMAN SPOUSE OF OFFICER 133741 EMPLOYMENT/COMPENSATION false Yun-Dih Chia-Smith SPOUSE OF KEY EMPLOYEE 64358 EMPLOYMENT/COMPENSATION false X 9 4600 appraisal X 1 1500 FMV X 62 2196288 FMV X 1 526143 Account Statement X Photography Equipment 1 22595 FMV X Misc Equipment 1 5500 FMV X Other 3 3477 FMV 2 false true false Form 990 Part VI Line 11b THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX ACCOUNTANT AT KPMG. PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND THE BOARD OF TRUSTEES. ALL MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED AN ELECTRONIC COPY OF THE COMPLETE FORM. THE FORM IS FILED AFTER ALL COMMENTS FROM THE BOARD OF TRUSTEES ARE ADDRESSED. Form 990 Part VI Line 12c EACH BOARD MEMBER IS REQUIRED TO COMPLETE AND FILE WITH THE SECRETARY OF THE UNIVERSITY, ON OR BEFORE SEPTEMBER 1 OF EACH YEAR, INFORMATION ABOUT POSSIBLE BENEFICIAL OR ADVERSE INTERESTS AFFECTING LOYOLA UNIVERSITY MARYLAND, INCLUDING INTERESTS OF IMMEDIATE FAMILY MEMBERS AND ORGANIZATIONS IN WHICH THE BOARD MEMBER (OR MEMBER OF HIS OR HER FAMILY) HAS A SIGNIFICANT MANAGEMENT FUNCTION OR SIGNIFICANT OWNERSHIP INTEREST. UNIVERSITY ADMINISTRATORS ARE REQUIRED TO ACT IN WAYS CONSISTENT WITH THEIR FIDUCIARY RESPONSIBILITIES TO THE UNIVERSITY. IF A UNIVERSITY ADMINISTRATOR BELIEVES THAT HE OR SHE MAY HAVE A CONFLICT OF INTEREST, THE ADMINISTRATOR SHALL PROMPTLY FULLY DISCLOSE THE CONFLICT TO THE PRESIDENT OF THE UNIVERSITY AND SHALL REFRAIN FROM PARTICIPATION IN ANY WAY IN THE MATTER TO WHICH THE CONFLICT RELATES UNTIL THE QUESTION HAS BEEN RESOLVED. THE PRESIDENT SHALL CONSULT WITH UNIVERSITY COUNSEL REGARDING ALL CONFLICT QUESTIONS OF WHICH HE IS INFORMED AND SHALL REPORT REGULARLY TO THE BOARD OF TRUSTEES ANY UNRESOLVED CONFLICT QUESTIONS. Form 990 Part VI Line 15a FR BRIAN F LINNANE SJ HAS TAKEN A VOW OF POVERTY AND DOES NOT RECEIVE A W-2 FOR HIS SERVICES TO THE UNIVERSITY. Form 990 Part VI Line 15b FOR OFFICERS OTHER THAN THE PRESIDENT AND FOR KEY EMPLOYEES, AN INDEPENDENT SEARCH CONSULTANT WAS RETAINED FOR EACH SEARCH. SALARY DATA OF COMPARABLE AJCU (ASSOCIATION OF JESUIT COLLEGES AND UNIVERSITIES) INSTITUTIONS WAS USED IN THE DETERMINATION OF THE SALARY RANGE. THE INDEPENDENT SEARCH CONSULTANT ASSISTED WITH THE SETTING OF AN APPROPRIATE SALARY, WITH CONSIDERATION TO THE POSITION RESPONSIBILITIES AND THE MARKET. THE ORGANIZATION AND EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR SETTING SENIOR ADMINISTRATION'S ANNUAL COMPENSATION. SALARIES ARE REVIEWED BASED UPON JOB ANALYSIS, MARKET CONDITIONS, AND PERFORMANCE. RECORDS OF THE MEETINGS ARE MAINTAINED BY THE ASSISTANT SECRETARY OF THE BOARD. Form 990 Part VI Line 19 THE AUDITED FINANCIAL STATEMENTS AND THE FORM 990 ARE ON THE UNIVERSITY'S EXTERNAL WEBSITE. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE GENERAL PUBLIC. Form 990 Part XI, Line 9 Other changes in Net assets or FUND BALANCES CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS $1,119,149 CHANGE IN FAIR VALUE OF SWAP $1,110,443 -------------- $2,229,592 THE LOYOLA NOTRE DAME LIBRARY INC 200 WINSTON AVENUE BALTIMORE MD 21212 520881396 LIBRARY MD 501 (C)(3) 509a3III-FI NA false POOLED INCOME FUND -1 4501 N CHARLES STREET BALTIMORE MD 21210 POOLED INCOME MD NA Trust false false false false false false false false false false false false false true true true true false THE LOYOLA NOTRE DAME LIBRARY INC q 552067 FMV THE LOYOLA NOTRE DAME LIBRARY INC r 3854793 FMV