2012-12-18T08:10:49-07:00 2012-05-31 990 2011-06-01 520591623 LOYOLA UNIVERSITY MARYLAND INC LOYO 4106172341 4501 N Charles Street Baltimore MD 212102699 Brian Linnane SJ 4106172345 2012-12-18 2011 2016-02-24 21:20:13Z Rev Brian F Linnane SJ President 4501 North Charles Street Baltimore MD 21210 259019798 0 X www.loyola.edu X 1853 MD Loyola University Maryland 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. 28 25 3735 0 104245 0 16942915 18613943 206651769 217756171 12349067 6199089 2462454 2937934 238406205 245507137 51025083 56892482 0 0 90513153 93588465 54922 4037 4547107 84895762 81751523 226488920 232236507 11917285 13270630 531869357 531232852 183594450 185239244 348274907 345993608 Loyola University Maryland 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 120352212 56854580 182271190 Instruction of 3,863 undergraduate and 2,217 graduate students (6,080 students) 30529772 0 2724284 Providing academic and personal services to students (6,080 students) 23255082 0 32188951 Housing, food service and other student services 3066681 0 0 Research and development programs provided by faculty and public service programs performed to benefit the public in general 3066681 0 0 177203747 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 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 0 1 395 0 1 3735 1 1 1 1 BE UK EI SP TH 0 0 0 1 1 0 0 0 0 X 28 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X Kelly R Nelson 4106172341 4501 N Charles Street Baltimore MD 212102699 Brian Linnane SJ 50 X X 0 0 0 Kevin Keelty 0.5 X 0 0 0 William Campbell SJ 0.5 X 0 0 0 James Forbes 0.5 X 0 0 0 W Bradley Bennett 0.5 X 0 0 0 John R Cochran 0.5 X 0 0 0 Louis Cestello 0.5 X 0 0 0 Richard Hug 0.5 X 0 0 0 Robert Kelly 0.5 X 0 0 0 James Latchford 0.5 X 0 0 0 J Richard Fredericks 0.5 X 0 0 0 T Frank Kennedy SJ 0.5 X 0 0 0 M Cathleen Kaveny 0.5 X 0 0 0 Gino Gemignani 0.5 X 0 0 0 Jose Badenes SJ 0.5 X 0 0 0 IH Hammerman II 0.5 X 0 0 0 Hugh Mohler 0.5 X 0 0 0 Aine O'Connor RSM 0.5 X 0 0 0 H Edward Hanway 0.5 X 0 0 0 Ashley Bergmann 0.5 X 0 0 0 Michael Tunney SJ 0.5 X 0 0 0 Kenneth Boehl 0.5 X 0 0 0 Michael Cataneo 0.5 X 0 0 0 Kevin Finnerty 0.5 X 0 0 0 Mark Knott 0.5 X 0 0 0 Gerry Holthaus 0.5 X 0 0 0 Nicolas DeGeorge 0.5 X 0 0 0 Sharon Euart RSM 0.5 X 0 0 0 David Ferguson 0.5 X 0 0 0 John C Lee IV 0.5 X 0 0 0 Thomas M Thornton 0.5 X 0 0 0 Timothy Snyder 50 X 256569 0 34091 Megan Gillick 50 X 214210 0 30791 Susan Donovan 50 X 274435 0 78272 Terrence Sawyer 50 X 257610 0 49481 Marc Camille 50 X 218917 0 47088 Randall Gentzler 50 X 188632 0 24111 Sheilah Horton 50 X 76503 0 6702 Karyl Leggio 50 X 252581 0 42673 James Miracky SJ 50 X 0 0 0 James Patsos 50 X 275589 0 29852 Peter Lorenzi 50 X 185827 0 41058 James Paquette 50 X 193870 0 41980 Gloria Wren 50 X 176778 0 22659 Joseph Logan 50 X 166977 0 38933 John Palmucci 0 X 203018 0 0 Peter Murrell 0 X 145717 0 30479 3087233 0 518170 130 1 1 0 Whiting-Turner Contracting PO Box 17596 Baltimore MD 21297 Construction 4838923 Sodexo Inc and Affiliate PO Box 536922 Atlanta GA 303536922 Food Service Operations 6268858 Merritt Properties LLC 2066 Lord Baltimore Drive Baltimore MD 21244 Property Management 1778307 Pinnacle Communications Resource 6507 York Road Baltimore MD 21212 Advertising 991622 Royall & Company Inc 1920 East Parham Road Richmond VA 23228 Advertising 1098177 78 0 0 185895 0 7424183 11003865 5581620 18613943 Tuition and fees 611310 181197940 181197940 0 0 Residence, food service, telephone 611310 32188951 32188951 0 0 Special ed programs 611310 1025391 1025391 0 0 ID cards, orientation, parking 611310 1029599 120168 0 909431 Athletics, conferences, retreat 611310 2314290 739789 51191 1523310 0 0 0 0 217756171 4329247 0 53054 4276193 330 0 0 330 100949 0 0 100949 594156 0 0 0 594156 0 594156 0 0 594156 15115747 0 13246235 0 1869512 0 1869512 0 0 1869512 215025 185895 266426 -51401 0 -51401 0 0 0 0 0 0 0 0 0 0 0 0 Fitness and Aquatic Center 611310 1423754 1423754 0 0 Miscellanous 611310 870476 870476 0 0 0 0 0 0 2294230 245507137 217566469 104245 9222480 37902 37902 56011140 56011140 843440 843440 0 0 2524393 1244022 1030463 249908 0 0 0 0 71945723 57527771 12290186 2127766 6217479 4054331 1991659 171489 8171359 4985800 2977228 208331 4729511 3648485 923435 157591 0 0 0 0 188121 0 188121 0 274419 0 274419 0 0 0 0 0 4037 4037 439732 0 439732 0 6988585 2846411 4055113 87061 3517999 1881411 1481788 154800 5884511 3019880 2748440 116191 9794353 955691 8814971 23691 11160 11160 0 0 8661236 3510739 5150497 0 3897053 3012805 741321 142927 0 0 0 0 979012 734310 197838 46864 6813949 6801277 12672 0 0 0 0 0 10273649 9611575 578412 83662 1334154 112045 1222109 0 Library operations 2940847 2940847 0 0 Study abroad tuition 4246700 4246700 0 0 Repairs and replacement 864941 864941 0 0 Other 14641102 8301064 5367249 972789 232236507 177203747 50485653 4547107 0 23440423 34817011 3804958 3195278 1547835 1636786 0 0 0 0 2419637 2494334 0 0 5254262 3126453 446798403 127448566 321005322 319349837 94201096 91747398 67787782 61672294 2172540 3389889 0 0 10235502 9803572 531869357 531232852 12459494 14277897 0 0 7087226 7129829 153037842 150047552 0 0 0 0 0 0 0 0 11009888 13783966 183594450 185239244 X 264520977 261327335 28260309 23669810 55493621 60996463 348274907 345993608 531869357 531232852 X 13270630 -15551929 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 71048 0 0 X 0 165928310 5148310 -7602319 1434248 5468745 449464 156121844 138726310 12063142 21909205 1085347 5306730 378270 165928310 122605187 1677232 22709220 1726126 6070359 468844 138726310 174758444 1011917 -44369531 1806850 6560012 428781 122605187 0.59 0.41 0 0 0 0 15802598 15802598 0 394930616 96834034 298096582 0 0 0 0 0 32556966 30614532 1942434 0 3508223 0 3508223 319349837 0 0 Inflation funds 3856588 F Common collective trust 3088386 F Hedge equity fund of funds 34952761 F Absolute return fund of funds 6673085 F Private equity diversified 11078923 F Deposit with bond trustees 832752 F Other 1189799 F 61672294 0 Perkins loan fund 2862727 Swap liability 6117597 Asset retirement obligation 2716095 Line of credit 1244500 Annuity liability 801679 Pooled income liability 41368 13783966 245507137 232236507 13270630 -13837230 0 0 0 -3343050 -17180280 -3909650 172927320 -13837230 0 0 -3782781 -17620011 190547331 0 54959806 54959806 245507137 175208622 0 0 0 266426 266426 174942196 439732 56854579 57294311 232236507 SchD_P03_S00_L04 Schedule D, Part III, Line 4 The University owns several pieces of artwork which are on display for the students. SchD_P05_S00_L04 Schedule D, Part V, Line 4 To help provide affordable education to students by providing funds for financial aid and support for the operations of the University. SchD_P10_S00_L02 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, 2012, there are no uncertain tax 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 SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in fair value of split interest agreement: -3,099,039; change in fair value of swap: - 162,563; change in fair value of cash surrender values: -81,447. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Change in value of split interest agreement: 162,563; change in value of swap: 3,099,039; change in value of cash surrender values: 81,447; investment service charge: 439,732. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Student financial aid expense: 55,226,232; fundraising expense -266,426. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Fundraising expense 266,426 included as an offset to revenue. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Financial aid expense 55,226,231; Program Related Investment - Loyola Loan Program 1,628348. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 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. SchE_P01_S00_L06 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, unsubsidized and unsubisized 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 International Studies 71929 East Asia and the Pacific 0 2 Program Services International Studies 1760888 Europe (including Iceland and Greenland) 2 5 Program Services International Studies 3936150 Sub-Saharan Africa 0 0 Program Services International Studies 10979 Central America and the Caribbean 0 0 Investments 47577123 Central America and the Caribbean 0 0 Program Services Financial Aid 68520 East Asia and the Pacific 0 0 Program Services Financial Aid 135393 Europe (including Iceland and Greenland) 0 0 Program Services Financial Aid 340091 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Financial Aid 253652 South Asia 0 0 Program Services Financial Aid 31155 Sub-Saharan Africa 0 0 Program Services Financial Aid 14630 2 7 54200510 Financial Aid Central America and the Caribbean 7 68520 Financial Aid Fair Market Value Financial Aid East Asia and the Pacific 4 135392 Financial Aid Fair Market Value Financial Aid Europe (including Iceland and Greenland) 6 340091 Financial Aid Fair Market Value Financial Aid North America (including Canada and Mexico, but not the United States) 6 253652 Financial Aid Fair Market Value Financial Aid South Asia 2 31155 Financial Aid Fair Market Value Financial Aid Sub-Saharan Africa 1 14630 Financial Aid Fair Market Value 0 0 1 1 1 0 SchF_P01_S00_L02 Schedule F, Part I, Line 2 All Financial aid is applied directly to the students' outstanding receivable balances. No cash is physically transmitted. Eligibility for need-based grant, loan, and work-study forms of federal student aid is determined using the results of the Federal Methodology need analysis formula. Student aid awards from both federal and institutional sources and is monitored continuously throughout the fiscal year through various budget status reports, student account status reports, and federal and institutional program reconciliation reports. Awards Dinner 235550 106600 128950 0 0 0 106433 0 79745 Golf Outing 165370 79295 86075 0 2550 53520 0 0 24178 0 400920 185895 215025 0 2550 53520 106433 0 103923 266426 -51401 1 Sandtown Habitat for Humanity 1300 North Fulton Avenue Baltimore MD 21217 521617458 501(c)(3) 30000 0 To rebuild a house in the Sandtown neighborhood in Baltimore. St Vincent de Paul of Baltimore Beans and Bread 2305 North Charles Street Suite 300 Baltimore MD 21218 521918741 501(c)(3) 0 7902 Fair Market Value Food To provide food to Beans & Bread which is a day resource center for people who are homeless located in the Fells Point area of Baltimore, Maryland. 2 0 Athletic Scholarships 205 0 5433284 Fair Market Value Financial aid Resident assistantships 106 0 1291800 Fair Market Value Financial aid Graduate assistantships 137 0 302592 Fair Market Value Financial aid Endowed scholarships 167 0 855250 Fair Market Value Financial aid Tuition exchange 100 0 2079638 Fair Market Value Financial aid Institutional aid 2640 0 47537476 Fair Market Value Financial aid Loyola Loan Program 419 0 1628348 Fair Market Value Financial aid SchI_P01_S00_L02 Schedule I, Part I, Line 2 All financial aid is applied directly to the students' outstanding receivable balances. No cash is physically transmitted. Eligibility for need-based grant, loan, and work-study forms of federal student aid is determined using the results of the Federal Methodology need analysis formula. Student aid awards from both federal and institutional sources and is monitored continuously throughout the fiscal year through various budget status reports, student account status reports and deferral and institutional program reconciliation reports. X X 1 1 0 1 0 0 0 0 0 0 0 John Palmucci 0 0 203018 0 0 0 0 0 0 0 203018 0 0 0 Peter Murrell 143461 0 0 0 2256 0 16320 0 14159 0 176196 0 0 0 Susan Donovan 271362 0 0 0 3073 0 51950 0 26322 0 352707 0 0 0 Timothy Snyder 254460 0 0 0 2109 0 26950 0 7141 0 290660 0 0 0 Randall Gentzler 163138 0 0 0 25494 0 15790 0 8321 0 212743 0 0 0 Terrence Sawyer 235628 0 0 0 21982 0 26400 0 23081 0 307091 0 0 0 Megan Gillick 214210 0 0 0 0 0 23650 0 7141 0 245001 0 0 0 Marc Camille 210367 0 0 0 8550 0 24228 0 22860 0 266005 0 0 0 Karyl Leggio 252478 0 0 0 103 0 26950 0 15723 0 295254 0 0 0 James Patsos 207082 0 64861 0 3646 0 22825 0 7027 0 305441 0 0 0 James Paquette 177370 0 12500 0 4000 0 20503 0 21477 0 235850 0 0 0 Peter Lorenzi 185827 0 0 0 0 0 19242 0 21816 0 226885 0 0 0 Gloria Wren 176778 0 0 0 0 0 14611 0 8048 0 199437 0 0 0 Joseph Logan 136112 0 28716 0 2149 0 16060 0 22873 0 205910 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Social club dues: Marc Camille - $6,099, Susan Donovan - $1,050, Randall Gentzler - $1,050, Megan Gillick - $640, Karyl Leggio - $1,050, Brian Linnane - $6,403, James Paquette - $5,049, Terrence Sawyer - $6,099. Social club dues were not considered taxable income to these employees, as the dues were considered business expenses. Housing allowance: Randall Gentzler - $3,540, Sheilah Horton - $16,800. Housing allowances were considered taxable income and included on the recipients' W-2. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 John Palmucci and Susan Donovan participate in a supplemental nonqualified retirement plan (the Plan) sponsored by the University. Susan Donovan earned $25,000 under the plan during 2011, which is reported on schedule J Part II Box C. John Palmucci received a payment of $203,018 from the Plan during 2011, which is reported on Schedule J Part II boxes B(ii) and F. SchJ_P02_S00_L00 Schedule J, Part II 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. In addition Fr. Linnane received housing from the University during the year ended May 31, 2012 in order to fulfill the obligation of the Society of Jesus to provide housing to Fr. Linnane. MHHEFA Loyola College in Maryland Series 2006A 520591623 574217VU6 2006-01-04 62995000 Capital projects 0 0 0 MHHEFA Loyola College in Maryland Series 2007 520591623 5742174Y8 2007-12-06 11000000 Capital projects 0 0 0 MHHEFA Loyola College in Maryland Series 2008 520591623 5742172Y0 2008-09-17 46370000 Refunding 0 0 0 0 0 62995000 0 0 0 521557 0 0 62473443 0 0 2010 0 0 1 1 0 0 11000000 0 0 0 159000 0 0 10841000 0 0 2009 0 0 1 1 0 0 46370000 832752 0 44973521 231286 332441 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 Wells Fargo Bank 20 1 0 0 0 0 X Whiting Turner - Gino Gemignani Trustee 4826174 Construction Services 0 Bank of America - James Forbes Trustee 203497 Banking Services 0 Wells Fargo - Hugh Mohler Trustee 595000 Bank Services 0 X 13000 Independent Appraisal X 37 5507734 Fair Market Value X Miscellaneous 36 60886 Fair Market Value 4 0 1 0 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Prior to filing, the Form 990 is review 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 Form. The Form is filed after all comments from the Board of Trustees have been addressed. F990_P06_S0B_L12c 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 the University counsel regarding all conflict questions of which he is informed and shall report regularly to the Board of Trustees regarding unresolved conflict questions. F990_P06_S0B_L15 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. 15b - An independent search consultant was retained for each search. The person assisted the setting of an appropriate salary and considered the position responsibilities and the market. Salary data of comparable AJCU (Association of Jesuit Colleges and Universities) institutions was used in the determination of the salary range. Annually, salaries are review based upon job analysis, market conditions, and performance. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The University includes the audited financial statements and Form 990 on the external website. Governing documents and the conflict of interest policy are not available to the general public. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized gains on investments: -13,837,228, change in fair value of split interest agreement: -162,563; change in fair value of swap: -3,099,039; change in fair value of cash surrender values -81,447; change in program related investments - Loyola loan program 1,628,348. 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 0 0 1