Lourdes University
- Assets
- $45.3m
- Revenue
- $40.2m
- Investments
- $0.0
- Employees
- 569
- Location
- Sylvania, OH
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 34-1226547
Organization Overview
Lourdes University is located in Sylvania, OH. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Lourdes University employed 569 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lourdes University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lourdes University generated $40.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $43.0m during the year ending 06/2022. While expenses have increased by 3.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOURDES UNIVERSITY, ROOTED IN CATHOLIC AND FRANCISCAN TRADITIONS, PROVIDES A VALUES-CENTERED EDUCATION THAT ENRICHES LIVES AND ADVANCES ACADEMIC EXCELLENCE.
Describe the Organization's Program Activity:
HIGHER EDUCATION: 1,112 UNDERGRADUATE STUDENTS ENROLLED: BACHELORS DEGREES ARE OFFERED IN MAJORS INCLUDING ART, HISTORY, ENGLISH, MUSIC, PHILOSOPHY, BIOLOGY, THEOLOGICAL STUDIES, BUSINESS, NURSING, SOCIOLOGY, SOCIAL WORK, AND LIBRARY STUDIES. 200 GRADUATE STUDENTS ENROLLED: MASTERS DEGREES ARE OFFERED IN NURSING, NURSE ANESTHESIA, BUSINESS, THEOLOGICAL STUDIES, AND ORGANIZATIONAL LEADERSHIP. ORGANIZATIONAL LEADERSHIP.
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.
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, EDUCATION PROGRAMMING, AND EXTENDING ADMINISTRATIVE AND TECHNICAL HOSPITALITY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ann Gawelek President | OfficerTrustee | 45 | $296,702 |
Susan Rawson Director Of Nap | 40 | $209,131 | |
Mary Sabin VP Institutional Advancement | Officer | 45 | $152,838 |
Jeffrey Liles VP Of Enrollment | Officer | 45 | $140,734 |
Terry Keller Provost | Officer | 45 | $140,078 |
Randy Rothenbuhlerleft 522 VP Of Finance & Adminstration | Officer | 45 | $141,034 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dynamic Campus Solutions Technology Services | 6/29/22 | $2,010,278 |
Avi Foodsystems Inc Food Service | 6/29/22 | $959,797 |
Anthology Inc Erp Systems | 6/29/22 | $462,482 |
Sinclair Broadcasting Group Advertising | 6/29/22 | $314,555 |
Program Solutions Group Llc Construction Mgmt | 6/29/22 | $205,521 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $75,274 |
| Related organizations | $2,005,715 |
| Government grants | $7,712,172 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,089,330 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,882,491 |
| Total Program Service Revenue | $27,202,062 |
| Investment income | $967,915 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$22,885 |
| Net Gain/Loss on Asset Sales | $218,585 |
| Net Income from Fundraising Events | -$4,392 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,243,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,557,426 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,386,203 |
| Compensation of current officers, directors, key employees. | $543,789 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,683,693 |
| Pension plan accruals and contributions | $263,484 |
| Other employee benefits | $2,034,994 |
| Payroll taxes | $779,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,136 |
| Fees for services: Accounting | $101,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,727 |
| Fees for services: Other | $1,348,116 |
| Advertising and promotion | $1,171,864 |
| Office expenses | $3,870,269 |
| Information technology | $2,434,702 |
| Royalties | $0 |
| Occupancy | $4,622,842 |
| Travel | $773,292 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,099 |
| Interest | $602,361 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,274,457 |
| Insurance | $494,880 |
| All other expenses | $0 |
| Total functional expenses | $42,972,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100 |
| Savings and temporary cash investments | $3,077,977 |
| Pledges and grants receivable | $1,024,601 |
| Accounts receivable, net | $1,975,811 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $703,164 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $583,403 |
| Net Land, buildings, and equipment | $25,576,607 |
| Investments—publicly traded securities | $12,252,524 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,740 |
| Total assets | $45,294,927 |
| Accounts payable and accrued expenses | $2,568,175 |
| Grants payable | $0 |
| Deferred revenue | $1,421,084 |
| Tax-exempt bond liabilities | $10,364,410 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,330,775 |
| Unsecured mortgages and notes payable | $850,000 |
| Other liabilities | $554,118 |
| Total liabilities | $20,088,562 |
| Net assets without donor restrictions | $12,365,239 |
| Net assets with donor restrictions | $12,841,126 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $45,294,927 |