2016-04-15T17:49:50-05:00 2015-05-31 PricewaterhouseCoopers LLP 101 SEAPORT BOULEVARD BOSTON MA 02210 990 2014-06-01 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 3103382714 2016-04-15 true GWEN SPENCER P00641463 6175305000 2014 2016-08-17 19:52:53Z MR TIMOTHY LAW SNYDER PRES 1-LMU DRIVE U-HALL 4900 LOS ANGELES CA 90045 639267181 false X www.lmu.edu X 1918 CA SEE SCHEDULE O 41 38 7466 1 3149782 -1021 39681455 35931649 390977216 399484241 16851884 45934289 717840 599081 448228395 481949260 90689391 95927567 0 0 207284173 215185268 22201 9623 9665317 113307465 119957437 411303230 431079895 36925165 50869365 1233086576 1245774772 308936737 304525781 924149839 941248991 X SEE SCHEDULE O false false 371647646 95927567 399484241 See schedule O 371647646 true true false true false false false true true true true true false false true false true false true true true true true false 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 X 894 0 true 7466 true true true false false false false true true false false false false X 41 38 false false true false false false false true true false false true true true true true true true true false CA X 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 Kathleen Hannon Aikenhead Trustee & Chair of Board 1.0 0.0 X 0 0 0 Rita A Arthur RSHM Trustee 1.0 0.0 X 0 0 0 James R Belardi Trustee 1.0 0.0 X 0 0 0 Rhonda M Bethea TRUSTEE 1.0 0.0 X 0 0 0 DAVID W BURCHAM PRESIDENT/TRUSTEE 40.0 0.0 X X 463834 0 47975 EDWARD J CARPENTER TRUSTEE 1.0 0.0 X 0 0 0 Alex Martin Chaves trustee 1.0 0.0 X 0 0 0 Rudy F deLeon Jr 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 GINNI DREIER TRUSTEE 1.0 0.0 X 0 0 0 KATHLEEN M DUNCAN 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 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 Deborah Lanni trustee 1.0 0.0 X 0 0 0 CECILIA A MAGLADRY CSJ TRUSTEE 1.0 0.0 X 0 0 0 Michael McCarthy SJ 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 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 Norma A Provencio TRUSTEE 1.0 0.0 X 0 0 0 TIMOTHY G PSOMAS TRUSTEE 1.0 0.0 X 0 0 0 Michael P Rudinica TRUSTEE 1.0 0.0 X 0 0 0 Robert Sclabassi TRUSTEE 1.0 0.0 X 0 0 0 Elbridge H Stuart III Trustee 1.0 0.0 X 0 0 0 Markos Tambakeras TRUSTEE 1.0 0.0 X 0 0 0 Rosemary L Turner 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 Robert T Walsh SJ 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 238685 0 47210 Thomas O Fleming Jr SVP & CHIEF FINANCIAL OFFICER 40.0 0.0 X 272902 0 51948 VICTOR GOLD SVP & Dean Loyola Law School 40.0 0.0 X 352119 0 47733 JOSEPH HELLIGE EVP & PROVOST 40.0 0.0 X 389907 0 59190 Evelynne B Scarboro SVP FOR ADMINISTRATION 40.0 0.0 X 269075 0 38847 Dennis Slon SVP for University Relations 40.0 0.0 X 310792 0 37574 Caroline Wilhelm TREASURER 40.0 0.0 X 152014 0 16241 Rebecca Chandler VP for Human Resources 40.0 0.0 X 206277 0 37279 TIMOTHY HAWORTH VP OF FACILITIES MANAGEMENT 40.0 0.0 X 179292 0 24274 Lori A Husein VP and Controller 40.0 0.0 X 195524 0 73286 Maureen Weatherall VP OF ENROLLMENT MANAGEMENT 40.0 0.0 X 217645 0 43472 DENNIS W DRAPER Dean, College of Business Admi 40.0 0.0 X 356810 0 46989 Michael G Dunlap Men's Basketball Coach 40.0 0.0 X 421237 0 45533 SHANE MARTIN DEAN, SCHOOL OF EDUCATION 40.0 0.0 X 291084 0 38755 Leslie Ponciano Assistant Professor of Element 40.0 0.0 X 425983 0 14630 DAVID W STEWART President's Professor of Marke 40.0 0.0 X 302264 0 45402 ERNEST ROSE FORMER SVP&CHIEF ACADEMIC OFF 40.0 0.0 X 241760 0 39935 FREDERICK GARCIA FORMER VP FOR FACILITIES MGMT 40.0 0.0 X 173635 0 26056 JAMES M LANDRY FORMER INT VP FOR ENROLL MGMT 40.0 0.0 X 165462 0 32028 5626301 0 814357 448 true true false Allied Barton Security Svc PO Box 828854 PHILADELPHIA PA 191828854 Security Services 1455940 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 ITS CONSULTING 778663 Sunuity Los Angeles 7112 NW 25th Ave Vancouver WA 986657004 ENERGY SERVICES 625136 Weaver David DRW Associates 28492 Avenida Placida San Juan Capistrano CA 92675 ARCHITECTURAL SVCS 474959 BRIDGES BRIDGES 318 AVE I 606 REDONDO BEACH CA 90277 ATTORNEY 329508 15 578615 4338770 31014264 2566511 35931649 Tution and Fees 900099 348346088 348346088 Auxiliary 900099 37020108 37020108 Conferences 532000 4308188 1338757 2969431 Fitness Center 713940 1273846 1082589 191257 OTHER PROGRAM SERVICE REVENUE 900099 8536011 8536011 399484241 5887699 -223638 6111337 0 344491 344491 553547 247174 306373 0 306373 306373 196578407 156531817 40046590 40046590 212732 39833858 222336 578615 538930 -316594 -316594 0 0 Other 264811 264811 264811 481949260 396323553 3149782 46544276 78494 78494 94596072 94596072 1253001 1253001 0 3438650 135104 3022425 281121 876541 181554 694987 158150551 134856194 17112626 6181731 13264029 11309191 1435981 518857 28349212 23887473 3344523 1117216 11106285 9271765 1393764 440756 183025 168596 14429 992917 991899 1018 494521 494521 63121 63121 9623 9623 1072948 66480 1006468 17171599 12285719 4724510 161370 1742229 1560292 165569 16368 7313897 5652983 1298432 362482 7331244 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39426882 33647177 23760202 39681455 35931649 172447365 0 0 39426882 33647177 23760202 39681455 35931649 172447365 24226369 148220996 5633112 6760592 6940218 7623081 7009375 33966378 0 171037 126839 261228 253125 222336 1034565 207448308 1851110478 0.71450 0.77176 X 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 false false true 63121 63121 false LOBBYING ACTIVITIES SCHEDULE C, PART II-B, LINE 1I THE UNIVERSITY HIRED THE NATIONAL GROUP (D.C. LOBBYING FIRM) TO WORK ON CONTRACTS WITH NASA. 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 458000000 9758000 13814000 6244000 25978000 870000 448480000 412034000 17256000 49349000 4459000 15430000 750000 458000000 409128000 13343000 57689000 4349000 63777000 412034000 435169000 4573000 -20580000 4722000 5312000 409128000 376506000 5364000 64089000 6166000 4624000 435169000 0.54000 0.33000 0.13000 false false 50860352 50860352 13179957 431669048 120243378 324605627 45335129 31571185 13763944 164606852 122877143 41729709 264738926 70926203 193812723 624772355 COMMINGLED FUNDS 135873000 F ALTERNATIVE INVESTMENT FUNDS 162829000 F REAL ESTATE AND OTHER 2754000 F 301456000 0 US GOVERNMENT GRANTS REFUNDABLE 10701370 HELD FOR OTHERS 631421 LOAN FUNDS RETURNABLE TO DONOR 1301706 TAXABLE BONDS 35565000 48199497 351795956 -31918410 -1312873 -33231283 385027239 1072948 95849073 96922021 481949260 334696804 538930 538930 334157874 1072948 95849073 96922021 431079895 SCHEDULE D, PART III, LINE 1A The University has elected not to capitalize collections or works of art. These items would be disclosed in the financial statements if materiality thresholds deemed disclosure appropriate. 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/specialcollections. 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 2D FUNDRAISING DIRECT EXPENSES $538,930 DECREASE IN VALUE OF INTEREST SWAP AGREEMENT ($1,851,803) ------------- ($1,312,873) SCHEDULE D, PART XI, LINE 4B SCHOLARSHIPS $95,849,073 SCHEDULE D, PART XII, LINE 2D FUNDRAISING DIRECT EXPENSES $538,930 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $95,849,073 true true true true true true true false false false false false false false false true false true 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, PART I, 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. UNITED STATES AIR FORCE OFFICE OF SCIENTIFIC RESEARCH 5. U.S. DEPARTMENT OF EDUCATION 6. U.S. DEPARTMENT OF JUSTICE 7. U.S. DEPARTMENT OF AGRICULTURE 8. INSTITUTE OF MUSEUM AND LIBRARY SERVICES true East Asia and the Pacific 0 18 Program Services Study Abroad/Summer Pr 258513 Middle East and North Africa 0 2 Program Services Study Abroad/Summer Pr 3228 North America 0 12 Program Services Study Abroad/Summer Pr 60384 South America 0 14 Program Services Study Abroad/Summer Pr 349983 South Asia 0 2 Program Services Study Abroad/Summer Pr 22418 Central America and the Caribbean 0 4 Program Services STUDY ABROAD/SUMMER PR 8290 Europe (Including Iceland and Greenland) 0 52 Program Services STUDY ABROAD/SUMMER PR 560579 Sub-Saharan Africa 0 1 Program Services STUDY ABROAD/SUMMER PR 10221 Central America and the Caribbean 0 0 Investments 96005530 Europe (Including Iceland and Greenland) 0 0 Investments 3366355 0 105 0 105 100645501 100645501 Scholarship for Tuition East Asia and the Pacific 25 404614 CR STDNT ACC Scholarship for Tuition Central America and the Caribbean 2 65345 CR STDNT ACC Scholarship for Tuition Europe (Including Iceland and Greenland) 83 464562 CR STDNT ACC Scholarship for Tuition Middle East and North Africa 7 115180 CR STDNT ACC Scholarship for Tuition North America 6 114870 CR STDNT ACC Scholarship for Tuition South America 6 37290 CR STDNT ACC Scholarship for Tuition South Asia 1 23840 CR STDNT ACC Scholarship for Tuition Sub-Saharan Africa 10 27300 CR STDNT ACC true false true true true false 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. Wares and Associates Phone SOLICITS false CJ Dinner 309220 253250 55970 7000 110673 27057 Grand Reunion 162750 121395 41355 29906 88832 131752 3 328981 203970 125011 11740 35254 96716 800951 578615 222336 11740 36906 234759 255525 538930 -316594 true Catholic Archdioceses of Los Angeles 3424 Wilshire Blvd Los Angeles CA 90010 951642382 501(c)(3) 9500 Sponsorship Del Rey American Little League 6705 W 77th St Los Angeles CA 90045 956156383 501(c)(3) 6000 Sponsorship Teach for America 606 S OLIVE ST Los Angeles CA 90014 133541913 501(c)(3) 11500 Sponsorship Loyola High School 1901 Vencie Blvd Los Angeles CA 90006 951664109 501(c)(3) 5900 Sponsorship 4 0 Scholarship/Grants for Students 7011 94596072 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 218255 0 0 0 20430 0 21974 0 25236 0 285895 0 0 0 DAVID W BURCHAM PRESIDENT/TRUSTEE 441109 0 0 0 22725 0 24700 0 23275 0 511809 0 0 0 Rebecca Chandler VP for Human Resources 199670 0 0 0 6607 0 19548 0 17731 0 243556 0 0 0 Thomas O Fleming Jr SVP & CHIEF FINANCIAL OFFICER 251812 0 0 0 21090 0 24700 0 27248 0 324850 0 0 0 VICTOR GOLD SVP & Dean Loyola Law School 340200 0 0 0 11919 0 24700 0 23033 0 399852 0 0 0 TIMOTHY HAWORTH VP OF FACILITIES MANAGEMENT 178565 0 0 0 727 0 17179 0 7095 0 203566 0 0 0 JOSEPH HELLIGE EVP & PROVOST 368222 0 0 0 21685 0 24700 0 34490 0 449097 0 0 0 Lori A Husein VP and Controller 192399 0 0 0 3125 0 19367 0 53919 0 268810 0 0 0 Evelynne B Scarboro SVP FOR ADMINISTRATION 256760 0 0 0 12315 0 24700 0 14147 0 307922 0 0 0 Dennis Slon SVP for University Relations 296441 0 0 0 14351 0 24700 0 12874 0 348366 0 0 0 Maureen Weatherall VP OF ENROLLMENT MANAGEMENT 205088 0 0 0 12557 0 20443 0 23029 0 261117 0 0 0 Caroline Wilhelm TREASURER 151486 0 0 0 528 0 14493 0 1748 0 168255 0 0 0 DENNIS W DRAPER Dean, College of Business Admi 340632 0 0 0 16178 0 24700 0 22289 0 403799 0 0 0 Michael G Dunlap Men's Basketball Coach 416523 0 0 0 4714 0 24700 0 20833 0 466770 0 0 0 SHANE MARTIN DEAN, SCHOOL OF EDUCATION 279049 0 0 0 12035 0 24033 0 14722 0 329839 0 0 0 Leslie Ponciano Assistant Professor of Element 79563 0 0 0 346420 0 7754 0 6876 0 440613 0 0 0 DAVID W STEWART President's Professor of Marke 278201 0 0 0 24063 0 24700 0 20702 0 347666 0 0 0 FREDERICK GARCIA FORMER VP FOR FACILITIES MGMT 169585 0 0 0 4050 0 16496 0 9560 0 199691 0 0 0 JAMES M LANDRY FORMER INT VP FOR ENROLL MGMT 163161 0 0 0 2301 0 16065 0 15963 0 197490 0 0 0 ERNEST ROSE FORMER SVP&CHIEF ACADEMIC OFF 204720 0 0 0 37040 0 20428 0 19507 0 281695 0 0 0 SCHEDULE J, PART I, LINE 1A AND 1B SOCIAL CLUB DUES DAVID W. BURCHAM, VICTOR GOLD, 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 MR. BURCHAM'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 ARE CURRENTLY ALLOWED. MAUREEN WEATHERALL 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 4a As part of a settlement agreement with Leslie Ponciano, a ONE-TIME severance payment of $346,000 was made during 2014. A California Educational Facilities Authority 521705592 130178VP8 2010-03-30 67035951 REFUNDING CEFA 2008, 1997, AND NEW false false false B California Educational Facilities Authority 521705592 130178V10 2010-03-30 38500000 CEFA REFUND SERIES 2008 false false false C California Educational Facilities Authority 521705592 130178H25 2011-11-22 23629875 REFUNDING CEFA 2001A CIB false false false A 13985951 0 67035951 0 0 0 627483 0 0 24128841 42279627 0 2011 true false true true B 8475000 0 38500000 0 0 0 375000 0 0 0 38125000 0 2010 true false true true C 12084875 0 23629875 0 0 0 390049 0 0 0 23239826 0 2011 true false true true A false true true false false 0.00700 0.00870 0.01570 false false false true B false true true false false 0.01360 0.01700 0.03060 false false false true C 0 true A false false true false false false 0 false 0 false true B false false true false true false 0 false 0 false true C false true true false false false 0 false 0 false true A true B true C true DENNIS DRAPER HIGH COMP EMPLOYEE Home Equity X 100000 40000 false true true MAUREEN WEATHERALL KEY EMPLOYEE Home Equity X 150000 135000 false true true DAVID STEWART HIGH COMP EMPLOYEE Home Equity X 200000 160000 false true true 335000 PCAM TRUSTEE IS CEO 256037 PARKING SERVICE FEE false MARGARET BOVE-LAMONICA FAMILY MEMBER OF OFFICER 48694 COMPENSATION false JOHN A PAGE FAMILY MEMBER OF TRUSTEE 132860 COMPENSATION false X 1 X 74045 FMV X 80 2161277 FMV X Scientific Misc. Items 2 25604 FMV X Theatrical cinematography 2 185000 FMV X Athletic Equipment/Other 23 87521 FMV X Food SERVED AT EVENTS 8 33064 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 7,466 INDIVIDUALS WERE SENT FORMS W-2 BY THE UNIVERSITY IN CALENDAR YEAR 2014. INCLUDED IN THIS NUMBER ARE 3,148 EMPLOYEES AND 4,318 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 2015, LMU PROVIDED INSTRUCTION, RESEARCH, STUDENT SERVICES, AND ACADEMIC SUPPORT FOR 8,982 FULL-TIME EQUIVALENT STUDENTS. OF THESE STUDENTS, 6,037 WERE UNDERGRADUATES, 1,869 WERE IN VARIOUS GRADUATE PROGRAMS, AND 1,076 WERE ENROLLED AT LOYOLA LAW SCHOOL. FULL TIME FACULTY EMPLOYED WAS 550, PART-TIME WAS 618, FOR A TOTAL FACULTY OF 1,168. 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 THE ORGANIZATION AMENDED ITS BYLAWS TO CREATE A 5 YEAR TERM LIMIT FOR THE CHAIR OF THE BOARD AND REVISE THE DESCRIPTION OF THE TREASURER POSITION. 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, 2015, THE UNIVERSITY PAID THESE RELIGIOUS COMMUNITIES APPROXIMATELY $3,467,000 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 ($1,851,803) 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