2017-05-08T13:59:27-05:00 2016-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 2000 TOWN CENTER SUITE 900 SOUTHFIELD MI 48075 990 2015-07-01 364520742 LOYOLA HIGH SCHOOL FOUNDATION LOYO 3138612407 15325 PINEHURST DETROIT MI 48238 REV MARK LUEDTKE SJ DIRECTOR 3138612407 2017-05-04 1 MICHAEL FENBERG P01284396 2483727300 2017-05-04 2015 2021-01-29 14:40:06Z REV MARK LUEDTKE SJ 15325 PINEHURST DETROIT MI 48238 383854 0 X WWW.LOYOLAHSDETROIT.ORG X 2003 MI TO ESTABLISH AND MANAGE ENDOWMENTS TO SUPPORT THE OPERATIONS OF LOYOLA HIGH SCHOOL 4 4 0 0 0 0 8000 55808 0 0 480553 328046 0 0 488553 383854 0 204125 0 0 0 0 0 0 0 0 10880 0 215005 488553 168849 4231421 3987659 52808 0 4178613 3987659 PROVIDE GRANTS TO SUPPORT THE OPERATIONS OF LOYOLA HIGH SCHOOL 0 0 204125 204125 GRANTS TO LOYOLA HIGH SCHOOL TO SUPPORT OPERATIONS 204125 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 1 0 1 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 0 1 1 1 1 1 1 0 0 MI X REV MARK LUEDTKE SJ 3138612407 15325 PINEHURST DETROIT MI 48238 X FR MARK LUEDTKE SJ DIRECTOR 0.00 X 0 0 70000 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 70000 0 0 0 0 0 55808 55808 80147 80147 247899 0 247899 247899 247899 383854 0 0 328046 204125 204125 10880 10880 215005 204125 10880 0 8208 51208 40000 4159052 3913788 24161 22663 4231421 3987659 52808 0 52808 0 X 179761 -11193 3998852 3998852 4178613 3987659 4231421 3987659 168849 -359803 0 X X 0 1 X 1 0 X X 1 LOYOLA HIGH SCHOOL 383107318 1 1 204125 0 1 204125 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 4159052 -41139 204125 3913788 3990852 8000 160200 4159052 3790852 200000 3990852 3730852 60000 3790852 4264225 543039 1079412 3727852 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 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, 2016 AND 2015, 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 STREET DETROIT MI 48238 383107318 204125 TO SUPPORT THE OPERATIONS OF LOYOLA HIGH SCHOOL FORM 990, PART VI, SECTION B, LINE 11 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 ADMINSTRATIVE, 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 CONSIDRED, RECOGNIZING DIFFERENCES IN JOB COMPLEXITY, CRITICAL SKILLS AND PAY PRACTICES. 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, 2016 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 204125 AMOUNT PAID