2015-04-14T11:59:42-07:00 2014-05-31 990 2013-06-01 520591623 LOYOLA UNIVERSITY MARYLAND INC LOYO 4106172917 4501 N Charles Street Baltimore MD 212102699 Randall Gentzler Vice President for Finance 4106172345 2015-04-14 2013 2016-02-25 16:41:14Z Rev Brian F Linnane SJ 4501 N Charles Street Baltimore MD 212102699 355179570 0 X www.loyola.edu X 1853 MD Loyola University Maryland Inc. is a Jesuit, Catholic university committed to the educational and spiritual traditions of the Society of Jesus and the development of the whole person. 34 33 3786 0 155231 25087 16813387 24864109 226270733 242831538 16867513 14955939 3042273 2911179 262993906 285562765 58750276 64055959 0 0 96201369 100052983 41047 25391 6220360 88503516 93679437 243496208 257813770 19497698 27748995 560786610 599060693 182565926 180232750 378220684 418827943 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. Accordingly, the University will inspire students to learn, lead, and serve in a diverse and changing world. 0 0 132751990 64049289 195429631 Instruction of 4,004 undergraduate and 1,973 graduate students (5,977 students) 32359837 0 5851194 Providing academic and support services to students (5,977 students) 32906801 0 43797598 Housing, food service and other student services 3043900 6670 0 Research and development programs provided by faculty and public service programs performed to benefit the public in general 3043900 6670 0 201062528 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 468 0 1 3786 1 1 1 1 BE EI SP TH UK 0 0 0 1 1 0 0 0 0 X 34 33 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 1 0 MD X X Jare Allocco Allen 4106172917 4501 N Charles Street Baltimore MD 212102699 X Brian Linnane SJ President 50 0 X X 0 0 20000 Stephen Ainlay Trustee 0.5 0 X 0 0 0 Angela Amarhanov Trustee 0.5 0 X 0 0 0 W Bradley Bennett Trustee 0.5 0 X 0 0 0 Kenneth Boehl Trustee 0.5 0 X 0 0 0 William Campbell SJ Trustee 0.5 0 X 0 0 0 Michael Cataneo Trustee 0.5 0 X 0 0 0 Louis Cestello Trustee 0.5 0 X 0 0 0 John Cochran Trustee 0.5 0 X 0 0 0 John Dennis SJ Trustee 0.5 0 X 0 0 0 Marilynn Duker Trustee 0.5 0 X 0 0 0 Paul Eibeler Trustee 0.5 0 X 0 0 0 Sharon Euart RSM Trustee 0.5 0 X 0 0 0 David Ferguson Trustee 0.5 0 X 0 0 0 Kevin Finnerty Trustee 0.5 0 X 0 0 0 James Forbes Trustee 0.5 0 X 0 0 0 J Richard Fredericks Trustee 0.5 0 X 0 0 0 Felix Fuertes Trustee 0.5 0 X 0 0 0 Gregory Gailius Trustee 0.5 0 X 0 0 0 IH Hammerman II Trustee 0.5 0 X 0 0 0 H Edward Hanway Trustee 0.5 0 X 0 0 0 Gerry Holthaus Trustee 0.5 0 X 0 0 0 Rosemary Mangione Juras Trustee 0.5 0 X 0 0 0 M Cathleen Kaveny Trustee 0.5 0 X 0 0 0 Kevin Keelty Trustee 0.5 0 X 0 0 0 Robert Kelly Trustee 0.5 0 X 0 0 0 Mark Knott Trustee 0.5 0 X 0 0 0 James Latchford Trustee 0.5 0 X 0 0 0 John Lee IV Trustee 0.5 0 X 0 0 0 Hugh Mohler Trustee 0.5 0 X 0 0 0 Aine O'Connor RSM Trustee 0.5 0 X 0 0 0 Gerard Reedy SJ Trustee 0.5 0 X 0 0 0 Christopher Surot Trustee 0.5 0 X 0 0 0 Thomas Thornton Trustee 0.5 0 X 0 0 0 Michael Tunney SJ Trustee 0.5 0 X 0 0 0 John Wolf Trustee 0.5 0 X 0 0 0 Susan Donovan Executive Vice President 50 0 X 326282 0 47056 Marc Camille Vice President 50 0 X 268287 0 48489 Randall Gentzler Vice President 50 0 X 293058 0 47540 Megan Gillick Vice President 50 0 X 231412 0 33306 Sheilah Horton Vice President 50 0 X 211014 0 42826 Terrence Sawyer Vice President 50 0 X 288057 0 50989 Timothy Snyder Vice President 50 0 X 296549 0 35373 Karyl Leggio Dean 50 0 X 286906 0 43606 James Miracky SJ Dean 50 0 X 0 0 0 Joshua Smith Dean 50 0 X 165462 0 39451 James Paquette Assistant Vice President/Athletic Director 50 0 X 207315 0 45067 Gloria Wren Professor 50 0 X 206284 0 26890 Peter Lorenzi Professor 50 0 X 199386 0 40435 Orlando Smith Head Coach 50 0 X 195692 0 453 Gerald Athaide Professor 50 0 X 183347 0 40890 James Buckley Former Key Employee 50 0 X 157446 0 24336 Peter Murrell Former Key Employee 50 0 X 130783 0 28736 3647280 0 615443 185 1 1 0 Sodexo Inc and Affiliate PO Box 536922 Atlanta GA 30353 Food service operations 4395080 Parkhurst Dining PO Box 644091 Pittsburgh PA 15264 Food service operations 3781933 Merritt Properties LLC 2066 Lord Baltimore Drive Baltimore MD 21244 Property management / rent 1962188 R H Fewster Painting Co Inc PO Box 4867 Baltimore MD 21211 Painting 1238819 Royall & Company Inc 1920 East Parham Road Richmond VA 23228 Undergraduate recruitment 1178603 79 0 0 206979 0 7724350 16932780 1212785 24864109 Tuition and fees 611310 194329081 194329081 0 0 Residence, food service, telephone 611310 43797598 43797598 0 0 Special education programs 611310 928081 928081 0 0 ID cards, orientation, parking 611310 1122119 131432 0 990687 Athletics, conferences, retreats 611310 2654659 876836 37508 1740315 0 0 0 0 242831538 3322911 0 117723 3205188 0 0 0 0 93300 0 0 93300 605027 0 0 0 605027 0 605027 0 0 605027 81001079 0 69368051 0 11633028 0 11633028 0 0 11633028 214721 206979 248754 -34033 0 -34033 0 0 0 0 0 0 0 0 0 0 0 0 Fitness and Aquatic Center 611310 1357024 1357024 0 0 Miscellaneous 611310 889861 889861 0 0 0 0 0 0 2246885 285562765 242309913 155231 18233512 6670 6670 63168528 63168528 880761 880761 0 0 3455099 2262993 924543 267563 0 0 0 0 75576941 60001513 12956115 2619313 7165663 4780086 2157106 228471 8498623 5230276 3012094 256253 5356657 4257260 901433 197964 0 0 0 0 422459 0 422459 0 140875 0 140875 0 0 0 0 25391 25391 834544 0 834544 0 18370120 15255265 3097707 17148 3575187 2104774 1131149 339264 5489519 2392627 2950226 146666 9748110 1408983 8308230 30897 11351 11351 0 0 8289825 3024207 5265618 0 4903177 4131009 625347 146821 1053921 867119 139577 47225 6776657 6764054 12603 0 0 0 0 0 9375425 8697826 576211 101388 1509535 87274 1422261 0 Study abroad tuition 3457249 3457249 0 0 Library operations 3204368 3204368 0 0 Repairs and replacement 1461704 1461704 0 0 Other nonoperating activities 1222299 0 1222299 0 13833112 7606631 4430485 1795996 257813770 201062528 50530882 6220360 28850 28850 44940052 50045418 4769227 11264539 1873481 1891479 0 0 0 0 2239585 2070060 0 0 3803674 3640575 451503598 147160430 312676236 304343168 105896802 103638149 69428457 106744919 3954130 4106965 0 11176116 11286571 560786610 599060693 14363550 18138540 0 0 7089539 6160084 150238577 146898359 0 0 0 0 0 0 0 0 10874260 9035767 182565926 180232750 X 280308977 301351615 31528124 42302564 66383583 75173764 378220684 418827943 560786610 599060693 X 27748995 11850233 0 0 0 1008031 X 0 1 X 1 1 1 X 13234240 16942915 18613943 16813387 24864109 90468594 0 0 0 0 0 0 0 0 0 0 0 13234240 16942915 18613943 16813387 24864109 90468594 9761100 80707494 1973724 2297355 5024682 3579050 4021238 16896049 0 0 0 0 25368 25368 0 0 0 0 0 0 107390011 1090020463 0.75154 0 X Schedule A, Part II, Line 15 The public support percentage was not computed in the 2012 Form 990 Schedule A. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 71048 0 0 X 0 177155486 3218418 26519145 1836124 6293550 834544 197928831 156121844 2318394 26544005 1509560 5767753 551444 177155486 165928310 5148310 -7602319 1434248 5468745 449464 156121844 138726310 12063142 21909205 1085347 5306730 378270 165928310 122605187 1677232 22709220 1726126 6070359 468844 138726310 0.575 0.425 0 0 0 0 15630772 15630772 0 389575278 117659624 271915654 0 0 0 0 0 32960473 29221873 3738600 0 13337075 278933 13058142 304343168 0 F 0 F Fixed Income: Short-term certificate of deposit account registry service 10008771 F Fixed Income: Floating rate high income 7251459 F Equity Fund: International developed 5100169 F Hedge fund: Multi-strategy fund 17261335 F Hedge Fund: Nonagency residential mortgage-backed securities 9952828 F Hedge Fund: Long/short fund 18251246 F Private Equity: Multi-strategy fund of funds 10602155 F Private Equity: Direct private debt & equity 12279232 F Private Equity: Real estate investments 5296517 F Private Equity: Venture capital fund of funds 3054328 F Other: Public global real estate securities 5934082 F Other 1752797 F 106744919 0 Swap liability 3896347 Perkins loan fund 2891391 Asset retirement obligation 1569799 Annuity liability 643372 Pooled income liability 34858 9035767 X 233785950 11850233 0 0 0 11850233 221935717 834544 62792504 63627048 285562765 191956392 0 0 0 248754 248754 191707638 834544 65271588 66106132 257813770 Schedule D, Part III, Line 4 The University owns several pieces of artwork which are on display for the students. Schedule 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. Schedule D, Part X, Line 2 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, 2014, 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 jurisdictions; however, there are currently no audits for any tax periods in progress. Schedule D, Part XI, Line 4b Student financial aid expense: $64,049,289; fundraising expense: $-248,754; change in fair value of split interest agreement: $-301,488; change in fair value of swap: $-720,047; change in fair value of cash surrender value: $13,504. Schedule D, Part XII, Line 2d Other expenses include direct fundraising expenses: $248,754. Schedule D, Part XII, Line 4b Financial aid expense: $64,049,289; other non-operating activities: $1,222,299 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule 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, Assistant Vice President for Human Resources, 5000 York Road, Room 206, 410-617-2354. The coordinator to ensure compliance with Section 504 of the Rehabilitation Act of 1973, as amended, is Kathleen Parnell, Assistant Vice President for Human Resources, 5000 York Road, Room 206, 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. Schedule E, Part I, Line 6 The Joseph A Sellinger State Aid program awards State aid to independent colleges and universities through a formula linked to their enrollment and to the per-student appropriation of selected four-year Maryland public institutions. In addition to aid provided directly through the Sellinger Program, Maryland students also receive need-based grant assistance, subsidized and unsubsidized loan assistance, and need-based work-study assistance through various Federal Title IV Student Aid Programs administered by the U.S Department of Education. U.S. Army ROTC scholarships are funded and awarded by the Department of Army and Federal Veterans Administration tuition benefits are funded and awarded by the Department of Veterans Affairs. 1 Central America and the Caribbean 0 0 Program Services Financial aid 73860 East Asia and the Pacific 0 0 Program Services Financial aid 83968 Europe (including Iceland and Greenland) 0 0 Program Services Financial aid 422385 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Financial aid 270008 South America 0 0 Program Services Financial aid 7994 South Asia 0 0 Program Services Financial aid 11690 Sub-Saharan Africa 0 0 Program Services Financial aid 10856 Central America and the Caribbean 0 0 Investments 39215150 Central America and the Caribbean 0 0 Program Services International studies 19586 East Asia and the Pacific 0 2 Program Services International studies 2302691 Europe (including Iceland and Greenland) 2 5 Program Services International studies 5003316 Sub-Saharan Africa 0 0 Program Services International studies 22103 2 7 47443607 Financial aid Central America and the Caribbean 4 73860 Financial aid Fair market value Financial aid East Asia and the Pacific 4 83968 Financial aid Fair market value Financial aid Europe (including Iceland and Greenland) 9 422385 Financial aid Fair market value Financial aid North America (including Canada and Mexico, but not the United States) 6 270008 Financial aid Fair market value Financial aid South America 1 7994 Financial aid Fair market value Financial aid South Asia 2 11690 Financial aid Fair market value Financial aid Sub-Saharan Africa 1 10856 Financial aid Fair market value 1 0 1 1 1 0 Schedule 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 1 Marts & Lundy 1200 Wall Street West Lyndhurst NJ 07071 Fundraising advisors 0 0 25391 -25391 0 25391 -25391 AK AL AR CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI Golf Outing 176500 97350 79150 0 11333 59980 0 0 2027 Awards Dinner 245200 109629 135571 0 0 3500 106638 0 65276 0 421700 206979 214721 0 11333 63480 106638 0 67303 248754 -34033 1 St Vincent de Paul of Baltimore Beans and Bread 2305 North Charles St Suite 300 Baltimore MD 21218 521918741 501(c)(3) 0 6670 Fair market value Food The University donates, delivers, and prepares food for a local day resource center for people who are experiencing homeless and/or material poverty. The organization is located in the Fells Point area of Baltimore, Maryland. 1 0 Athletic aid 189 0 5438622 Fair market value Financial aid Resident assistantships 114 0 1333424 Fair market value Financial aid Graduate assistantships 141 0 312961 Fair market value Financial aid Endowed scholarships 172 0 890375 Fair market value Financial aid Tuition exchange 101 0 1951771 Fair market value Financial aid Institutional aid 2871 0 56075925 Fair market value Financial aid Schedule I, Part I, Line 2 Grants and Other Assistance to Governments and Organizations in the United States: The University donates, delivers, and prepares food for a local day resource center for people who are experiencing homelessness and/or material poverty. Donations are monitored in a segregated account for record keeping purposes. 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. X X 1 1 0 0 0 0 0 0 0 0 0 Susan Donovan Executive Vice President 304423 0 0 0 21859 0 27500 0 19556 0 373338 0 0 0 Marc Camille Vice President 232392 0 0 0 35895 0 25878 0 22611 0 316776 0 0 0 Randall Gentzler Vice President 267462 0 0 0 25596 0 28050 0 19490 0 340598 0 0 0 Megan Gillick Vice President 231412 0 0 0 0 0 25575 0 7731 0 264718 0 0 0 Sheilah Horton Vice President 186622 0 0 0 24392 0 21450 0 21376 0 253840 0 0 0 Terrence Sawyer Vice President 257807 0 0 0 30250 0 28050 0 22939 0 339046 0 0 0 Timothy Snyder Vice President 269633 0 0 0 26916 0 28050 0 7323 0 331922 0 0 0 Karyl Leggio Dean 266416 0 0 0 20490 0 28050 0 15556 0 330512 0 0 0 Joshua Smith Dean 165462 0 0 0 0 0 18840 0 20611 0 204913 0 0 0 James Paquette Assistant Vice President/Athletic Director 196819 0 0 0 10496 0 21351 0 23716 0 252382 0 0 0 Peter Lorenzi Professor 193686 0 0 0 5700 0 20006 0 20429 0 239821 0 0 0 Gloria Wren Professor 206284 0 0 0 0 0 19266 0 7624 0 233174 0 0 0 Gerald Athaide Professor 183347 0 0 0 0 0 17779 0 23111 0 224237 0 0 0 Orlando Smith Head Coach 191811 0 0 0 3881 0 0 0 453 0 196145 0 0 0 James Buckley Dean 157446 0 0 0 0 0 17108 0 7228 0 181782 0 0 0 Peter Murrell Dean 130783 0 0 0 0 0 14842 0 13894 0 159519 0 0 0 Schedule 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 Linnane SJ, Susan Donovan, Marc Camille, Randall Gentzler, Megan Gillick, Terrence Sawyer and James Paquette. The University tracks usage of these clubs and reports personal use as taxable income on the employees' W-2. Schedule J, Part I, Line 3 Fr. Brian 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, 2014 in order to fulfill the obligation of the Society of Jesus to provide housing to Fr. Linnane. A Maryland Health and Higher Educational Facilities Authority 520936091 574217VW2 2006-01-04 63650728 2006 - Various Capital Projects 0 0 0 B Maryland Health and Higher Educational Facilities Authority 530936091 574218JJ3 2012-06-07 53943256 2012A - Refunding - issued date 09/17/2008, 12/04/2007, 06/23/1999 0 0 0 C Maryland Health and Higher Educational Facilities Authority 520936091 2012-06-26 20145000 2012B - Refunding - issued date 09/17/2008 0 0 0 D Maryland Health and Higher Educational Facilities Authority 520936091 2012-06-26 12450000 2012B - Refunding - issued date 09/17/2008 0 0 0 A 0 0 67894572 0 5286744 0 521557 0 0 62086271 0 0 2010 0 0 1 1 B 1650000 0 53943256 0 0 0 498916 0 0 0 53444340 0 2009 1 0 1 1 C 713836 0 20145000 0 0 0 81630 0 0 0 20063370 0 1999 1 0 1 1 D 441164 0 12450000 0 0 0 0 0 0 0 12450000 0 1999 1 0 1 1 A 0 0 1 1 0 0 0 0 0 0 1 B 0 0 1 1 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 1 1 Wells Fargo Bank 14.5 0 0 0 0 1 D 0 1 0 0 1 1 Wells Fargo Bank 14.5 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part I-06/26/2012 20,145,000 Maryland Health and Higher 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 06/26/2012 bonds as two separate issues and filed a separate Form 8038 for each of the issues. Schedule K, Part I-06/26/2012 12,450,000 Maryland Health and Higher 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 06/26/2012 bonds as two separate issues and filed a separate Form 8038 for each of the issues. Schedule K, Part II, Line 1-06/26/2012 20,145,000 Maryland Health and Higher Principal payment proportionately allocated to the bonds refunded. Schedule K, Part II, Line 1-06/26/2012 12,450,000 Maryland Health and Higher Principal payment proportionately allocated to the bonds refunded. Schedule K, Part II, Line 3-01/04/2006 63,650,728 Maryland Health and Higher The total proceeds exceed the issue price due to the investment earnings on the project fund. Schedule K, Part II, Line 11-06/07/2012 53,943,256 Maryland Health and Higher The other spent proceeds are the refunding proceeds of the issue. Schedule K, Part II, Line 11-06/26/2012 20,145,000 Maryland Health and Higher The other spent proceeds are the refunding proceeds of the issue. Schedule K, Part II, Line 11-06/26/2012 12,450,000 Maryland Health and Higher The other spent proceeds are the refunding proceeds of the issue. Schedule K, Part III, Line 6-06/26/2012 20,145,000 Maryland Health and Higher The bond issue refunded a 2008 issue which, through a series of refundings, refunded the series 1996 and 1985 bonds; the issue is exempt from reporting on Part III. Schedule K, Part III, Line 6-06/26/2012 12,450,000 Maryland Health and Higher The bond issue refunded a 2008 issue which, through a series of refundings, refunded the series 1996 and 1985 bonds; the issue is exempt from reporting on Part III. Schedule K, Part IV, Line 2c-01/04/2006 63,650,728 Maryland Health and Higher A rebate calculation was completed on 10/01/2010. Louis Cestello Trustee 426162 See Part V 0 Schedule L, Part IV The trustee is employed by PNC Bank; PNC Bank provides banking services to the University in an arm's length relationship. X 4555 Fair market value X 49 1172237 Fair market value X Scientific instruments 1 25000 Fair market value X Miscellaneous 21 10993 Fair market value 2 0 1 0 Form 990, Part VI, Section B, Line 11b Prior to filing, the Form 990 is reviewed by the Vice President for Finance and an independent tax accountant at KPMG. All members of the Board of Trustees are provided an electronic copy of the complete form except for Schedule B. Schedule B, as provided to the Board, was redacted to exclude the name and address of a donor at the request of the donor. The Form is filed after all comments from the Board of Trustees are addressed. Form 990, Part VI, Section B, 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, Section B, Line 15 Fr. Brian Linnane SJ has taken a vow of poverty and does not receive a W-2 for his services to the University. For other officers or key employees of the organization, 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 of the position responsibilities and the market. The Organization and Nomination 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, Section C, 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 VII, Section A, Line 1d Fr. Brian Linnane SJ and Fr. James Miracky SJ have taken a vow of poverty and do not receive a W-2 for their services to the University. Form 990, Part XI, Line 9 Change in fair value of split interest agreements: $301,488; change in fair value of swap: $720,047; change in fair value of cash surrender values: $ (13,504). The Loyola Notre Dame Library Inc 200 Winston Ave Baltimore MD 21212 520881396 Information and resource support MD 501(c)(3) 509(a)(3) III-FI N/A 0 Pooled Income Fund - 1 4501 N Charles Street Baltimore MD 21210 Pooled Income Fund MD N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0