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RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 2502 false false 2502 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. 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ART AND COLLECTIONS ARE AVAILABLE FOR PUBLIC EXHIBITION AND ARE PRIMARILY USED FOR EDUCATIONAL PURPOSES. SCHEDULE D, PART IV, LINE 2B 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 4B SCHOLARSHIPS $100,330,710 SCHEDULE D, PART XI, LINE 2D RENTAL EXPENSES $531,986 FUNDRAISING DIRECT EXPENSES $386,770 SWAP EXPENSES ($1,457,823) -------------- (539,067) SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $100,330,710 SCHEDULE D, PART XII, LINE 2D RENTAL EXPENSES $531,986 FUNDRAISING DIRECT EXPENSES $386,770 --------- $918,756 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. 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 JUSTICE 6. U.S. DEPARTMENT OF AGRICULTURE 7. INSTITUTE OF MUSEUM AND LIBRARY SERVICES true Central America and the Caribbean 1 Program Services Study Abroad/Summer Pr 3322 East Asia and the Pacific 16 Program Services Study Abroad/Summer Pr 208660 Europe (Including Iceland and Greenland) 65 Program Services Study Abroad/Summer Pr 625953 Middle East and North Africa 4 Program Services Study Abroad/Summer Pr 120086 North America 24 Program Services Study Abroad/Summer Pr 63218 South America 6 Program Services Study Abroad/Summer Pr 150439 South Asia 1 Program Services Study Abroad/Summer Pr 37055 Central America and the Caribbean Investments 104131511 Europe (Including Iceland and Greenland) Investments 1111907 117 117 106452151 106452152 SCHOLARSHIP FOR TUITION Central America and the Caribbean 3 6900 CR STDNT ACC SCHOLARSHIP FOR TUITION East Asia and the Pacific 6 19375 CR STDNT ACC SCHOLARSHIP FOR TUITION Europe (Including Iceland and Greenland) 67 219386 CR STDNT ACC SCHOLARSHIP FOR TUITION Middle East and North Africa 1 17064 CR STDNT ACC true false true true true false 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. 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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. MAUREEN WEATHERALL AND TIMOTHY LAW SNYDER RECEIVED A TEMPORARY HOUSING ALLOWANCE. THIS ALLOWANCE IS TAXABLE IN ACCORDANCE WITH THE IRS ACCOUNTABLE PLAN RULES. 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 7 THE UNIVERSITY HAS A PERFORMANCE-BASED BONUS PROGRAM TO RECOGNIZE EXTRAORDINARY ACHIEVEMENT. EMPLOYEES ARE NOMINATED AND AMOUNTS PROPOSED BY THE DEPARTMENT HEADS, THEN APPROVED BY SENIOR VICE PRESIDENTS IN ORDER FOR INDIVIDUALS TO RECEIVE A BONUS. REFER TO SCHEDULE J, PART II, COLUMN B(II) FOR A LIST OF THOSE WHO RECEIVED A BONUS IN CALENDAR 2015 FOR EXTRAORDINARY ACHIEVEMENT. 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 REFUNDING CEFA 2010 B false false false C CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178VP8 2010-03-30 67035951 TO CONSTRUCT AND RENOVATE CERTAIN false false A 13219875 0 23629875 0 0 0 390049 0 0 0 23239826 0 2011 true false true true B 1025000 0 30025000 0 0 0 0 0 0 0 30025000 0 2015 true false true true C 17060951 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 0.00200 0.02500 false false false true C false true true false false false 0.00800 0.00100 0.00900 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 KEY EMPLOYEE HOME EQUITY X 150000 120000 false true true 120000 PCAM TRUSTEE IS CEO 236943 PARKING SERVICE FEE false MARGARET BOVE-LAMONICA FAMILY MEMBER OF OFFICER 53449 COMPENSATION false JOHN A PAGE FAMILY MEMBER OF TRUSTEE 134902 COMPENSATION false X 72437 FMV X 54 1747500 FMV X OTHER - MUSICAL INSTRUMENT 1 18000 FMV X OTHER: ATHLETIC EQUIPMENT/OTHER 23 167550 FMV X FOOD SERVED AT EVENTS 8 26546 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 7,464 INDIVIDUALS WERE SENT FORMS W-2 BY THE UNIVERSITY IN CALENDAR YEAR 2015. INCLUDED IN THIS NUMBER ARE 3,210 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 2016, LMU PROVIDED INSTRUCTION, RESEARCH, STUDENT SERVICES, AND ACADEMIC SUPPORT FOR 8,845 FULL-TIME EQUIVALENT STUDENTS. OF THESE STUDENTS, 6,130 WERE UNDERGRADUATES, 1,744 WERE IN VARIOUS GRADUATE PROGRAMS, AND 971 WERE ENROLLED AT LOYOLA LAW SCHOOL. FULL TIME FACULTY EMPLOYED WAS 561, PART-TIME WAS 583, FOR A TOTAL FACULTY OF 1,144. 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 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, 2016, THE UNIVERSITY PAID THESE RELIGIOUS COMMUNITIES APPROXIMATELY $3,569,000 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 XI, LINE 9 DECREASE IN VALUE OF INTEREST SWAP AGREEMENT ($1,457,823) FUNDACION LMU - CASA DE LA MATEADA CALLE LAVERAN 5551 VILLA BELGRANO CORDOBA AR EDUCATION AR 501(C)(3) LMU true NA CHARITABLE REMAINDER TRUSTS (11) FUNDRAISING CA NA TRUST true POOLED INCOME TRUST (1) FUNDRAISING CA NA TRUST true false false false false false false false false false false false false false false false false false false false