2013-04-15T16:06:17-05:00 2012-05-31 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2011-06-01 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 2013-04-15 true 6175305000 2011 2016-03-07 17:11:31Z Mr Thomas O Fleming Jr CFOSVP 1-LMU DRIVE U-HALL 4900 LOS ANGELES CA 90045 470901455 false X www.lmu.edu X 1918 CA 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. 44 40 7644 1 2584920 39426882 33647177 341951209 358315377 21804517 13618256 641992 -256454 403824600 405324356 77762659 79034689 0 0 185670845 194985646 12375 0 9932467 104447966 109271395 367893845 383291730 35930755 22032626 1085790357 1065538694 278796935 274881532 806993422 790657162 X 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. false false 326474243 79034689 358315377 SEE SCHEDULE O 326474243 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 false false false false true X 793 0 true 7644 true true true true IT false false false true true false false false false X 44 40 true false false 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 Kathleen Hannon Aikenhead 1.0 X 0 0 0 Rita Arthur RSHM PhD 1.0 X Robert C Baker JD 1.0 X James R Belardi 1.0 X GERALD R BLASZCZAK SJ 1.0 X Hon Irma J Brown Dillon JD 1.0 X DAVID W BURCHAM JD 40.0 X X 462631 41833 EDWARD J CARPENTER 1.0 X Alex Martin Chaves 1.0 X GERALD COBB SJ 1.0 X Frederick B Craves PHD 1.0 X Rudy F deLeon Jr 1.0 X DAVID S DEVITO 1.0 X KAREN DIAL 1.0 X George A V Dunning 1.0 X Mary Genino RSHM 1.0 X Anne Hennessy CSJ 1.0 X Mary Elizabeth Ingham CSJ PhD 1.0 X NELLY LLANOS KILROY 1.0 X Joseph Knott 1.0 X Daniel K Lahart SJ 1.0 X Edward A Landry Esq 1.0 X Deborah Lanni 1.0 X Gerdenio Medard Manuel SJ PhD 1.0 X Michael McCarthy SJ 1.0 X John A McMahon 1.0 X Paul W Mikos 1.0 X Edison Miyawaki MD 1.0 X Susan F Moley 1.0 X Gregory J O'Meara SJ 1.0 X Stephen F Page 1.0 X Joan A Payden 1.0 X TIMOTHY G PSOMAS 1.0 X Robert W Scholla SJ 1.0 X Robert Sclabassi MD PhD 1.0 X Renata Simril 1.0 X Michael R Steed 1.0 X Elbridge H Stuart III 1.0 X Markos Tambakeras 1.0 X Rosemary L Turner 1.0 X Walter F Ulloa JD 1.0 X PAUL S VIVIANO 1.0 X Robert T Walsh SJ 1.0 X LAURA D WILLIAMSON 1.0 X David J Zuercher 1.0 X Elena M Bove EdD 40.0 X 228469 45003 Thomas O Fleming Jr 40.0 X 250901 62405 VICTOR J GOLD JD 40.0 X 330600 56654 JOSEPH HELLIGE 40.0 X 239338 72085 Evelynne B Scarboro 40.0 X 252789 41674 Dennis Slon 40.0 X 263853 41222 Rebecca Chandler 40.0 X 190236 42297 Frederick Garcia 40.0 X 263758 38389 Lori A Husein 40.0 X 181988 87733 Anne Prisco PHD 40.0 X 213192 64494 DENNIS DRAPER 40.0 X 307745 53705 Max Good 40.0 X 350008 52039 Shane Martin 40.0 X 301021 42252 Richard Plumb 40.0 X 263980 53579 Paul Zeleza 40.0 X 280218 37453 Ernest D Rose PHD 40.0 X 226227 43886 4606954 0 876703 328 true true false Clune Construction Company 10 South LaSalle Street Suite 300 Chicago IL 60603 Construction 2559614 Allied Barton Security Services PO Box 828854 Philadelphia PA 19182 Security Services 477038 Rodney Ross 8 Oak Knoll Terrace Pasadena CA 91106 Creative Services 432516 David Weaver 28492 Avenida Placida San Juan Capistrano CA 92375 Architect /Project M 391050 Anderson Audio Visual 17155 Von Karmen Avenue Suite106 Irvine CA 92614 Creative Services 377957 21 198181 4872531 28576465 1484956 33647177 Tuition and Fees (Gross) 900099 315458548 315458548 Auxiliary 900099 30773895 30773895 Conferences 532000 3760935 1497867 2263068 Fitness Center 713940 1275943 1016370 259573 OTHER PROGRAM SERVICE REVENUE 900099 7046056 7046056 358315377 6036425 62279 5974146 918 918 451415 451415 334113 334113 334113 334113 73023000 65442087 7580913 7580913 7580913 126839 198181 135012 -8173 -8173 0 0 LOSS ON EARLY EXTINGUISHMENT OF DEBT 900099 -1033809 -1033809 -1033809 405324356 355792736 2584920 13299523 59267 59267 78642694 78642694 332728 332728 0 3471544 140130 3061752 269662 329229 329229 144024754 123187438 15018187 5819129 11933224 9981255 1460451 491518 24792354 20736962 3034219 1021173 10434541 8727718 1277034 429789 668013 196460 407471 64082 774311 765903 8408 500439 500439 19628 19628 0 823784 55099 768685 12512982 8382818 4097749 32415 1501830 1477745 24085 7406473 5357712 1523800 524961 5749398 2008097 3739996 1305 0 12275256 10543755 1683604 47897 6608571 6190103 211866 206602 0 7070207 4882283 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22614 true 2527 true 19628 44769 false Schedule C, Part II-B, Line 1b and 1g PAYMENT FOR TRAVEL AND COMPENSATION FOR UNIVERSITY EMPLOYEES TO ATTEND CAL GRANT LOBBYING DAY IN SACRAMENTO AND LA CHAMBER IN WASHINGTON D.C. SCHEDULE C, PART II-B, LINE 1H SPONSORED CAL GRANTS AWARENESS RALLY AT LMU IN CONJUCTION WITH AICCU. 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 MEMBER 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 435169000 4573000 -20580000 4722000 5312000 409128000 376506000 5364000 64089000 6166000 4624000 435169000 334428000 9623000 38715000 186000 6074000 376506000 419203000 5172000 -73387000 15135000 1262000 163000 334428000 0.56000 0.33000 0.11000 false false 48196000 48196000 9961683 434333317 98703295 345591705 40074000 25890067 14183933 146124000 97287008 48836992 140361000 51839625 88521375 545330005 COMMINGLED FUNDS 102714000 F ALTERNATIVE INVESTMENT FUNDS 144446000 F REAL ESTATE AND OTHER 4034000 F 251194000 0 US GOVERNMENT GRANTS REFUNDABL 10784540 FOR OTHERS 638236 LOAN FUNDS RETURNABLE TO DONOR 1151706 12574482 405324356 383291730 22032626 -32614520 -1114525 -4639841 -38368886 -16336260 288115060 -32614520 -83480251 -116094771 404209831 1114525 1114525 405324356 304451320 -78840410 -78840410 383291730 383291730 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 three charitable remainder trusts 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 does not maintain any uncertain tax positions. SCHEDULE D, PART, XI, LINE 8 BEGINNING OF YEAR ROUNDING ADJUSTMENT OF $522 PLUS CHANGE IN VALUE OF INTEREST SWAP AGREEMENT OF $4,639,319. SCHEDULE D, PART XII, LINE 2D FUNDRAISING DIRECT EXPENSES OF $135,012 LESS SCHOLARSHIPS OF $78,975,422 LESS CHANGE IN VALUE OF INTEREST SWAP AGREEMENT OF $4,639,319 LESS BEGINNING OF YEAR ROUNDING ADJUSTMENT OF $522. SCHEDULE D, PART XIII, LINE 2D FUNDRAISING DIRECT EXPENSES OF $135,012 LESS SCHOLARSHIPS OF $78,975,422. true true true true true true true false false false false false false false false true false true Schedule E, Part I, 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. CALIFORNIA COMMISSION ON TEACHER CREDENTIALING 2. CALIFORNIA STUDENT AID COMMISSION CAL GRANTS 3. DEPARTMENT OF HEALTH AND HUMAN SERVICES 4. ENVIRONMENTAL PROTECTION AGENCY 5. NATIONAL ENDOWMENT FOR THE HUMANITIES 6. NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION 7. NATIONAL SCIENCE AGENCY 8. NATIONAL SECURITY AGENCY 9. UNITED STATES AIR FORCE OFFICE OF SCIENTIFIC RESEARCH 10. U.S. DEPARTMENT OF AGRICULTURE 11. U.S. DEPARTMENT OF EDUCATION 12. U.S. DEPARTMENT OF ENERGY 13. U.S. DEPARTMENT OF STATE true Central America & the Caribbean 0 8 Program Services Study abroad/Summer pr 24233 Europe (Including Iceland and Greenland) 0 39 Program Services Study abroad/Summer pr 505098 East Asia and the Pacific 0 10 Program Services Study abroad/Summer pr 122099 North America 0 5 Program Services Study abroad/Summer pr 41554 Europe (Including Iceland and Greenland) 0 0 Investments 2957871 Central America & the Caribbean 0 0 Investments 60685605 0 62 0 62 64336460 64336460 X SCHOLARSHIP FOR TUITION Europe/Iceland/Greenland 36 163680 CR STDNT ACC SCHOLARSHIP FOR TUITION Cent. America/Caribbean 2 31845 CR STDNT ACC SCHOLARSHIP FOR TUITION East Asia/Pacific 17 75302 CR STDNT ACC SCHOLARSHIP FOR TUITION Middle East/North Africa 1 21000 CR STDNT ACC SCHOLARSHIP FOR TUITION North America 2 40500 CR STDNT ACC SCHOLARSHIP FOR TUITION Sub-Saharan Africa 1 401 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. PLUS DELTA PARTNERS CONSULTING false MAAA/LAA Dinner 119960 97396 22564 21063 32186 Golf Classic 118230 55720 62510 471 29945 3178 16749 1 86830 45065 41765 2190 920 28310 325020 198181 126839 471 29945 26431 920 77245 135012 -8173 true ARCHDIOCESE OF LOS ANGELES 3424 WILSHIRE BLVD LOS ANGELES CA 90010 951642382 501(c)(3) 10000 Scholarship/Grants for students LAX COASTAL AREA CHAMBER OF COMMERCE 9100 S SEPULVIDA BLVD 210 WESTCH WESTCHESTER CA 90045 951806513 501(c)(6) 8250 AWARDS/DONATIONS 1 SCHOLARSHIP/GRANTS FOR STUDENTS 6145 78642694 SCHEDULE I, PART I, LINE 2 THE UNIVERSITY AWARDS GRANTS/SCHOLARSHIPS ACCORDING TO THE UNIVERSITY POLICIYS. FUNDS 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 false true X X X false false false false false false false false false DAVID W BURCHAM JD 444283 18348 23275 18558 504464 Rebecca Chandler 187537 2699 18249 24048 232533 Elena M Bove EdD 207489 20980 20553 24450 273472 Thomas O Fleming Jr 238553 12348 23275 39130 313306 Frederick Garcia 205849 50000 7909 19964 18425 302147 VICTOR J GOLD JD 321900 8700 23275 33379 387254 DENNIS DRAPER 294440 13305 23275 30430 361450 Max Good 344152 5856 23275 28764 402047 JOSEPH HELLIGE 230471 8867 23073 49012 311423 Lori A Husein 181127 861 18205 69528 269721 Shane Martin 292027 8994 23275 18977 343273 Richard Plumb 257155 6825 23275 30304 317559 Anne Prisco PHD 196699 16493 19255 45239 277686 Ernest D Rose PHD 196823 29404 19396 24490 270113 Evelynne B Scarboro 243298 9491 23275 18399 294463 Dennis Slon 251783 12070 23275 17947 305075 Paul Zeleza 259865 20353 23275 14178 317671 SCHEDULE J, PART I, LINE 1A AND 1B CERTAIN OFFICERS RECEIVE SOCIAL CLUB DUES AND REIMBURSE THE UNIVERSITY FOR ANY PERSONAL USE. Reimbursement of social club dues for business use is in accordance with University policy. Expenses and reimbursements are reviewed and approved as appropriate by the relevant authorities. The University does not currently follow a written policy regarding payment and reimbursement for those expenses as the review and approval process is comprehensive, and unusual expenses or reimbursement requests would be questioned. One of our highest compensated employees received a temporary housing allowance in conjunction with his relocation package. This allowance was treated as taxable income and is reflected in Part II, Line (B)(iii). CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178VP8 2010-03-30 67035951 REFUNDING CEFA 2008, 1997, AND NEW false false false CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178V10 2010-03-30 38500000 CEFA REFUND SERIES 2008 false false false CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178H25 2011-11-22 23629875 REFUNDING CEFA 2001A CIB false false false 0 0 67035951 0 0 0 627483 0 0 24148841 42279627 0 2011 true false true true 0 0 38500000 0 0 0 375000 0 0 0 38125000 0 2010 true false true true 0 0 23629875 0 0 0 390049 0 0 0 23239826 0 true false true true false true true false false 0.00800 0.00700 0.01500 true false true true false false 0.01500 0.01500 0.03000 true 0 false false false 0 false 0 false true false true false 0 false 0 false true false false false 0 false 0 false true SEE SCHEDULE O. 0 Anne Prisco Home Equity Loan X 150000 90000 false true true Earnest Rose Home Equity Loan X 250000 100000 false true true Dennis Draper Home Equity Loan X 100000 70000 false true true Richard Plumb Home Equity Loan X 500000 500000 false true true 760000 Musick Peeler Garrett LP Trustee is a Partner 208885 Legal Service Fee false PCAM Trustee is CEO 191138 Parking Service Fee false John Page Family Member of Trustee 145065 Compensation false Margaret Bove-LaMonica Family Member of Officer 93096 Compensation false Paul Prisco Family Member of Key Empl 47885 Compensation false Linda Rose Family Member of Former 38035 Compensation false X 90153 COST X 26 544919 FMV X 1 500000 FMV X 2 73500 FMV X Theatrical Cameras 0 130644 COST X Athletic Equipment 0 125740 COST X TRAILER 0 20000 FMV 4 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, 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 5 A TOTAL OF 7,644 INDIVIDUALS WERE SENT W-2S BY THE UNIVERSITY IN CALENDAR YEAR 2011. INCLUDED IN THIS NUMBER ARE 3,567 EMPLOYEES AND 4,077 STUDENT WORKERS. FORM 990, PART I, Line 6 THERE ARE A NUMBER OF STUDENTS AND ALUMNI THAT 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 2012, LMU PROVIDED INSTRUCTION, RESEARCH, STUDENT SERVICES, AND ACADEMIC SUPPORT FOR 8,917 FULL-TIME EQUIVALENT STUDENTS. OF THESE STUDENTS, 5,919 WERE UNDERGRADUATES, 1,772 WERE IN VARIOUS GRADUATE PROGRAMS, AND 1,226 WERE ENROLLED AT LOYOLA LAW SCHOOL. FULL TIME FACULTY EMPLOYED WAS 534, PART-TIME WAS 498, FOR A TOTAL FACULTY OF 1,032. 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 2 THE TRUSTEES PAUL W. MIKOS AND TIMOTHY G. PSOMAS HAVE A BUSINESS RELATIONSHIP. 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 12B 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 OCCURS 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 TRUSTEE'S 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 3% OF THE UNIVERSITY'S FULL AND PART-TIME FACULTY AND ADMINISTRATIVE STAFF. DURING THE YEAR ENDED MAY 31, 2012, THE UNIVERSITY PAID THESE RELIGIOUS COMMUNITIES APPROXIMATELY $3,085,000 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 5 EQUALS NET UNREALIZED LOSSES ON INVESTMENTS OF $32,614,520 LESS BEGINNING OF YEAR ROUNDING ADJUSTMENT OF $522 LESS INVESTMENT EXPENSES OF $1,114,525 LESS CHANGE IN VALUE OF INTEREST SWAP AGREEMENT OF $4,639,319. SCHEDULE K, PART III, LINE 3B EXTERNAL LEGAL REVIEW OF POTENTIAL PRIVATE USE DERIVED FROM MANAGEMENT/SERVICE CONTRACTS WILL BE INCORPORATED INTO UNIVERSITY POLICY IN FISCAL 2013. SCHEDULE K, PART V THE ORGANIZATION ESTABLISHED WRITTEN PROCEDURES TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IN FISCAL 2013. CHARITABLE REMAINDER TRUSTS (12) FUNDRAISING CA NA T POOLED INCOME TRUST (1) FUNDRAISING CA NA T false false false false false false false false false false false false false false false false false false