2015-02-10T14:20:23-07:00 2014-06-30 990 2013-07-01 341226547 LOURDES UNIVERSITY LOUR 4195178894 6832 Convent Blvd Sylvania OH 43560 Robert Rood CFO 4198243730 2015-02-05 2013 2016-03-07 17:11:31Z Robert Rood 6832 Convent Boulevard Sylvania OH 43560 42102703 0 X lourdes.edu X 1958 OH Lourdes University, rooted in Catholic and Franciscan traditions, provides a values-centered education that enriches lives and advances academic excellence through the integration of the liberal arts and professional studies. 32 31 761 450 72174 0 4956285 4795960 32112525 31516263 388509 1274189 186032 -584392 37643351 37002020 4017854 4773501 0 0 20470755 18683315 10698 10612 463906 11254169 10955373 35753476 34422801 1889875 2579219 52702524 57500873 23989989 25831129 28712535 31669744 Lourdes University, rooted in Catholic and Franciscan traditions, provides a values-centered education that enriches lives and advances academic excellence through the integration of the liberal arts and professional studies. 0 0 12728061 0 31318082 Higher Education: Bachelors Degrees are offered in majors including Art, History, English, Music, Philosophy, Biology, Theological Studies, Business, Nursing, Sociology, Social Work, and Library Studies. Masters Degrees are offered in Nursing, Nurse Anesthesia, Business, Theological Studies and Organizational Leadership. 15119044 4773501 0 Higher Education: Student Services are offered in the areas of Admissions, Financial Aid Counseling, Campus Ministry, Learning Resources, Career Services, Athletics Financial Assistance, Disability Services, Personal Counseling, and Residential Life. 374254 0 169213 Higher Education: The Franciscan Center is a conference center which extends the social and education ministries of the Sisters of Saint Francis by presenting cultural and performing arts, educational programming, and extending administrative and technical hospitality services. 0 0 0 28221359 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 116 0 1 761 1 1 1 0 0 0 0 1 1 0 0 0 0 X 32 31 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 0 0 X Jeffrey Ganues 4195178894 6832 Convent Blvd Sylvania OH 43560 X Carol Howell Anderson Board Member 2 0 X 0 0 0 Richard L Arnos Board Member & Treasurer 2 0 X 0 0 0 John Bachey Board Member 2 0 X 0 0 0 Joan E Bayer Board Member 2 0 X 0 0 0 Alan W Brass Board Member 2 0 X 0 0 0 Bruce C Carver Board Member 2 0 X 0 0 0 Cindy Dana Board Member 2 0 X 0 0 0 Larry B Dillin Board Member 2 0 X 0 0 0 Russell J Ebeid Board Member 2 0 X 0 0 0 Ernest C Enrique Board Member & Vice Chair 2 0 X 0 0 0 Michael J Fischer Board Member 2 0 X 0 0 0 Thomas B Geiger Jr Board Member & Chair 2 0 X 0 0 0 Michael C Gibbons Board Member 2 0 X 0 0 0 Sister Carolyn Giera Board Member 0 0 X 0 0 0 John Hayes Harris III Board Member 2 0 X 0 0 0 Jim A Haudan Board Member 2 0 X 0 0 0 Sandra M Hylant Board Member & Secretary 2 0 X 0 0 0 Daniel Ibele Board Member 2 0 X 0 0 0 Sister Joan C Jurski Board Member 2 0 X 0 0 0 Bruce D Klinger Board Member 2 0 X 0 0 0 Deborah Knight Board Member 2 0 X 0 0 0 Robert W LaClair Board Member 2 0 X 0 0 0 Richard G LaValley Jr Board Member 2 0 X 0 0 0 Ann L Meier Board Member 2 0 X 0 0 0 James M Murray Board Member 2 0 X 0 0 0 Sister Rachel M Nijakowski Board Member 2 0 X 0 0 0 Larry C Peterson Board Member 2 0 X 0 0 0 William D Rudolph Board Member 2 0 X 0 0 0 Barbara S Steele Board Member 2 0 X 0 0 0 Larry D Ulrich Board Member 2 0 X 0 0 0 David F Waterman Board Member 2 0 X 0 0 0 David J Livingston President 40 0 X X 133373 0 45297 Sister Ann Carmen Barone Vice President of Mission & Ministry 40 0 X 0 0 0 Geoffrey Grubb Provost 40 0 X 112179 0 16631 Michael P Killian Vice President of Finance & Administration 40 0 X 117069 0 28720 Mary M Arquette Vice President of Institutional Advancement 40 0 X 116270 0 23471 Roseanne Gill-Jacobson Vice President of Student Services 40 0 X 112740 0 24878 Dean Ludwig Vice President of Enrollment 40 0 X 93684 0 26128 Jill Ann Liebnau Program Administrator of Nurse Anesthesia 40 0 X 173808 0 19091 Judy A Didion Dean of College of Nursing 40 0 X 114598 0 27277 Deborah Vargo Director of MSN Program 40 0 X 100621 0 21655 1074342 0 233148 8 0 1 0 AVI Foodsystems Inc 2590 Elm Road NE Warren OH 44483 Food Service Provider 799218 Lincoln Financial Group 1300 South Clinton St 6H12 Fort Wayne IN 46802 Employee Retirement 798040 The Northern Trust Company 181 W Madison St Floor 28 Chicago IL 60603 Employee Retirement 670530 Fifth Third Bank PO Box 740523 Cincinnati OH 45274 Banking Services 634541 Program Solutions Group 1690 Woodlands Dr Suite 216 Maumee OH 43537 Construction Mgt Services 552835 17 0 0 337596 386415 2635495 1436454 0 4795960 Tuition/Fees/Room and Board 611310 31318082 31318082 0 0 Performing Arts 711110 1397 1397 0 0 Nature Center & Ohter Fees 611710 110711 110711 0 0 Conferences and Hospitality 532000 86073 57105 28968 0 0 0 0 0 31516263 205867 0 0 205867 0 0 0 0 0 0 0 0 501545 0 1121222 0 -619677 0 -619677 0 0 -619677 4979565 0 3911243 0 1068322 0 1068322 0 0 1068322 30255 337596 68218 -37963 0 -37963 0 0 0 0 0 0 0 0 0 0 0 0 Catering & Beverage 722320 73248 0 43206 30042 0 0 0 0 73248 37002020 31487295 72174 646591 0 0 4773501 4773501 0 0 0 0 1100345 423481 578960 97904 0 0 0 0 13152331 11497768 1493444 161119 785558 302803 466084 16671 2596697 2146755 400037 49905 1048384 902124 126777 19483 0 0 0 0 26196 0 26196 0 61600 0 61600 0 0 0 0 0 10612 10612 19806 0 19806 0 950476 812561 137915 0 522884 504389 18495 0 1316188 877459 371635 67094 526679 163162 358094 5423 0 0 0 0 2752960 2231864 521096 0 622276 558656 61666 1954 0 0 0 0 128034 84895 43139 0 345498 0 345498 0 0 0 0 0 1756690 1756690 0 0 321764 5497 316267 0 Bad Debt Expense 388992 388992 0 0 Federal Grant Expenditures 158045 158045 0 0 Auxiliary 47872 47444 428 0 Recruitment Expenses 245279 230785 14494 0 764134 354488 375905 33741 34422801 28221359 5737536 463906 305 709 4317564 10151360 3303330 2868473 3461633 1349640 0 0 0 0 596411 487702 0 0 28668 192362 42951791 12485920 30730206 30465871 10116673 11604559 0 0 0 0 0 0 147734 380197 52702524 57500873 1790882 750409 0 0 2250141 2012074 5860131 20130000 0 0 0 0 13584305 2651157 0 0 504530 287489 23989989 25831129 X 18136368 19570670 3544221 4440287 7031946 7658787 28712535 31669744 52702524 57500873 X 2579219 175727 0 0 0 202263 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7522233 535013 1093401 213819 57038 19777 8860013 6483910 683052 598572 177236 48056 18009 7522233 4170843 2234922 269156 135108 37015 18888 6483910 3381225 276062 686263 129171 27280 16256 4170843 3157069 43754 356114 129582 29697 16433 3381225 0.0339 0.9661 0 1 0 0 4900085 4900085 0 20398667 3185531 17213136 0 8648074 3531378 5116696 0 8008777 5535750 2473027 0 996188 233261 762927 30465871 0 Investment in annuity contract 53984 Advances from government for federal loans 233505 287489 32716569 -175728 0 0 -4268474 -4444202 37160771 0 -158751 -158751 37002020 31069995 0 0 0 915668 915668 30154327 0 4268474 4268474 34422801 Schedule D, Part V, Line 4 The intended use of the University's endowment funds is to provide equitable scholarship and grant opportunities for students over time, as well as to provide some financial support to the University. All endowed funds are managed in accordance with donor specifications when present. Schedule D, Part XI, Line 2d Instituitionally funded student aid of $4,268,474 is netted against revenue for financial statement purposes, but included as expenses on the 990. Schedule D, Part XI, Line 4b Certain Lumination event revenues were netted against expenses for the financial statement purposes, but included in Part VIII on the 990 as revenue $134,867. Expenses related to the property which produced rent income in the amount of ($1,121,222) are netted against the rental income in Part VIII, but included as expense for financial statement purposes. Certain Investment return in excess of amount designated for current operations are Nonoperating Revenue for the financial statement purposes, but included in Part VII on the 990 as revenue $827,604. The net of these is ($158,751). Schedule D, Part XII, Line 2d The financial statements include in expense $1,121,222 related to rental income, the 990 nets this against the income. The financials net against expense revenue of $134,867 related to Luminations and $70,687 related to a change in fair value of the derivative instrument. Both of these items are included as revenue on the 990. The net of these items is $915,668. Schedule D, Part XII, Line 4b Institutional funded student aid of $4,268,474 is netted against revenue for financial statement purposes, but included as expense on the 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Currently Lourdes does not explicitly state the non-discriminatory policy through newspaper or broadcast media. However, the University does draw its students from local communities and does follow a racially non-discriminatory policy as to its students. Currently, the University's ratio for racial minority group enrollment exceeds that of the local community, demonstrating meaningful non-discriminatory enrollment numbers. Schedule E, Part I, Line 6 Federal Financial Aid is received for student grant/loan purposes. Luminations 288877 279556 9321 0 0 0 19280 6085 15870 Hit the Links 42108 32571 9537 1200 582 10212 0 0 2132 1 36865 25469 11396 0 0 0 7952 0 4904 367850 337596 30254 1200 582 10212 27232 6085 22906 68217 -37963 1 Donor funded scholarships 244 784032 0 Fair Market Value (Cash) Institutional Scholarships 953 3989469 0 Value of discounts given Aggregate discounts on tuition benefitting students. Schedule I, Part I, Line 2 The Financial Aid office monitors the awards of all federal student aid grants. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 David J Livingston President 120041 0 4850 0 8482 0 8827 0 36470 0 178670 0 0 0 Jill Ann Liebnau Program Administrator 170821 0 2987 0 0 0 10717 0 8374 0 192899 0 0 0 Schedule J, Part I, Line 1a A house is provided for use by the President during his employment with the University. The house is contiguous to campus. The President is required to live there for the convenience of Lourdes University and he conducts business activities in the home. The housing is non-taxable. Additionally, the University pays for membership at an area country club for the President during his employment. The cost of the membership is treated as taxable compensation to the President. A County of Lucas Ohio 346400806 54930GAA4 2007-05-31 8000000 New Classroom building, equipment, and land improvements 0 0 0 B Toledo-Lucas County Port Authority 346406986 2013-12-27 20130000 Refund prior issue dated 05/31/2007, land, and buildings and structures 0 0 0 A 8000000 0 0 0 0 0 69750 46871 0 7921762 0 0 2007 0 0 1 1 B 0 0 20130000 0 0 0 219734 0 0 3877616 0 0 2011 0 0 1 1 A 0 0 0 0 0 0 0 1 0 1 B 0 0 0 0 0 0 0 1 0 1 A 0 0 0 0 1 1 Fifth Third Bank 7 0 0 0 0 0 B 0 0 0 0 1 0 0 0 1 A 0 B 0 Form 990, Part VI, Section A, Line 6 Lourdes University is a sponsored ministry of the Sisters of Saint Francis. The sisters approve all University Board members and certain large transactions, making them a member. Form 990, Part VI, Section A, Line 7a Board members are recommended by the Administration of the University and approved by the Board of Trustees and the Sisters of Saint Francis. In addition, the Sisters of Saint Francis must approve any purchase, sale of assets, or borrowing of $500,000 or greater. The Sisters also must approve the hiring of the President of the University when applicable. Form 990, Part VI, Section A, Line 7b The leadership of the Sisters of Saint Francis must approve all recommended Board members as well as any presidential hire. In addition, purchases, sales, or borrowings of $500,000 or greater require their approval. Form 990, Part VI, Section B, Line 11b The 990 is prepared by the Finance office and reviewed by an independent CPA firm. This draft is then taken before the Assets Committee of the Board for their review and approval. The Assets Committee presents the final approved document to the Board of Trustees prior to filing with the IRS. Form 990, Part VI, Section B, Line 12c The Vice President of Institutional Advancement reviews the conflict of interest policy with the current board members. As conflicts arise, the full board is made aware of the conflict and the affected member will recuse themselves from any relevant discussion and subsequent voting. Form 990, Part VI, Section B, Line 15 The Compensation Committee annually reviews the President's overall compensation package. They engage Findley Davies Inc. to provide comparability data and use this data to determine a competitive package each year. The Compensation Committee maintains contemporaneous documentation and recordkeeping for all decisions and decisions related to the President's overall compensation package. Form 990, Part VI, Section C, Line 19 Lourdes makes available to the public its governing documents, conflict of interest policy, and financial statements upon request. Form 990, Part VII, Section A, Line 1a Note that Sister Ann Carmen Barone, who is listed as an Officer, receives compensation. However, since the compensation goes to the Religious Community, no W2 is issued, and thus no amounts are listed here. For informational purposes, reportable compensation paid from the organization was $94,129 and other compensation from the organization was $12,238. Form 990, Part XI, Line 9 There are several reconcillling items. One relates to revenue of $70,687 for the change in the fair value of the derivative associated with the bond offering. Another relates to a $131,576 change in the value of split interest agreements. The net of these is $202,263. Lourdes Properties 6832 Convent Blvd Sylvania OH 43560 341968998 Public Apt Rentals OH 501545 11057124 N/A Center Enterprises 6832 Convent Blvd Sylvania OH 43560 341809820 Catering services OH 73248 114810 N/A Lourdes Main St Properties 6832 Convent Blvd Sylvania OH 43560 341226547 Hold property OH 428 189207 N/A Sisters of St Francis Sylvania 6832 Convent Blvd Sylvania OH 43560 344450609 Religious OH 501(c)(3) 1 N/A 0 Sylvania Franciscan Academy 5335 Silica Dr Sylvania OH 43560 611424339 Pre-K through 8th Grad Education OH 501(c)(3) 1 N/A 0 0 1 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0