Loyola University
- Assets
- $507.7m
- Revenue
- $180.7m
- Investments
- $0.0
- Employees
- 2,549
- Location
- New Orleans, LA
- Founding
- 03/1946
- Data as of
- 07/2020
- EIN
- 72-0408946
Organization Overview
Loyola University is located in New Orleans, LA. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 07/2020, Loyola University employed 2,549 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.
For the year ending 07/2020, Loyola University generated $180.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $180.9m during the year ending 07/2020. While expenses have increased by 0.5% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
LOYOLA UNIVERSITY NEW ORLEANS, A JESUIT AND CATHOLIC INSTITUTION OF HIGHER EDUCATION, WELCOMES STUDENTS OF DIVERSE BACKGROUNDS AND PREPARES THEM TO LEAD MEANINGFUL LIVES WITH AND FOR OTHERS; TO PURSUE TRUTH, WISDOM, AND VIRTUE; AND TO WORK FOR A MORE JUST WORLD. INSPIRED BY IGNATIUS OF LOYOLA'S VISION OF FINDING GOD IN ALL THINGS, THE UNIVERSITY IS GROUNDED IN THE LIBERAL ARTS AND SCIENCES, WHILE ALSO OFFERING OPPORTUNITIES FOR PROFESSIONAL STUDIES IN UNDERGRADUATE AND SELECTED GRADUATE PROGRAMS. THROUGH TEACHING, RESEARCH, CREATIVE ACTIVITIES, AND SERVICE, THE FACULTY, IN COOPERATION WITH THE STAFF, STRIVES TO EDUCATE THE WHOLE STUDENT AND TO BENEFIT THE LARGER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOYOLA UNIVERSITY NEW ORLEANS IS A PRIVATE, CATHOLIC, JESUIT COMPREHENSIVE UNIVERSITY, OPEN TO STUDENTS OF ALL FAITHS. LOYOLA HAS 4,548 STUDENTS - 3,223 UNDERGRADUATE; 635 GRADUATE STUDENTS; 75 DOCTORAL STUDENTS; 568 LAW STUDENTS; AND 47 CONTINUING EDUCATION STUDENTS. THE UNIVERSITY IS COMPRISED OF FIVE COLLEGES: BUSINESS, ARTS AND SCIENCES, LAW, MUSIC AND MEDIA AND NURSING AND HEALTH; LOYOLA ALSO OFFERS A VARIETY OF ONLINE PROGRAMS. LOYOLA OFFERS 115 UNDERGRADUATE DEGREES/TRACKS, AND 37 GRADUATE AND PROFESSIONAL PROGRAMS, AND 25 CERTIFICATE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tania Tetlow President | Officer | 37.5 | $548,641 |
Lydia Voigt Distinguished University Professor | 0 | $355,534 | |
Madeleine Landrieu Dean College Of Law | Officer | 37.5 | $310,583 |
Maria Calzada Interim Provost | Officer | 37.5 | $241,918 |
Maria Lopez Pabon Former Dean College Of Law | 37.5 | $219,656 | |
Sarah Kelly SVP Enrollment Management & Student Life | Officer | 37.5 | $216,489 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Witt Fiala Flannery And Associates Janitorial | 7/30/20 | $1,189,724 |
Collegedegrees Com Educational Services | 7/30/20 | $2,562,882 |
Ruffalocody Holdings Llc Educational Consulting Services | 7/30/20 | $539,568 |
Adams And Reese Legal Services | 7/30/20 | $380,860 |
Sodexo Food Service | 7/30/20 | $8,432,021 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,805 |
| Related organizations | $0 |
| Government grants | $4,360,462 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,129,790 |
| Noncash contributions included in lines 1a–1f | $1,671,927 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,540,057 |
| Total Program Service Revenue | $157,693,498 |
| Investment income | $2,765,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,400 |
| Net Gain/Loss on Asset Sales | $6,157,609 |
| Net Income from Fundraising Events | $1 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $180,729,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $81,422,815 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,979,234 |
| Compensation of current officers, directors, key employees. | $899,853 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,158,682 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,970,085 |
| Payroll taxes | $3,290,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $542,049 |
| Fees for services: Accounting | $111,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $36,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,755,840 |
| Advertising and promotion | $2,218,706 |
| Office expenses | $1,847,155 |
| Information technology | $3,099,256 |
| Royalties | $1,993 |
| Occupancy | $4,506,117 |
| Travel | $1,522,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $782,992 |
| Interest | $8,470,679 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,803,847 |
| Insurance | $2,614,946 |
| All other expenses | $397,450 |
| Total functional expenses | $180,919,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,855,785 |
| Savings and temporary cash investments | $32,153,901 |
| Pledges and grants receivable | $6,091,605 |
| Accounts receivable, net | $2,374,543 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,956,382 |
| Inventories for sale or use | $559,674 |
| Prepaid expenses and deferred charges | $988,151 |
| Net Land, buildings, and equipment | $237,792,584 |
| Investments—publicly traded securities | $222,139,478 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $811,648 |
| Total assets | $507,723,751 |
| Accounts payable and accrued expenses | $14,599,233 |
| Grants payable | $0 |
| Deferred revenue | $6,083,593 |
| Tax-exempt bond liabilities | $176,541,966 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,741,228 |
| Total liabilities | $203,966,020 |
| Net assets without donor restrictions | $144,688,940 |
| Net assets with donor restrictions | $159,068,791 |
| 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 | $507,723,751 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Loyola University has recieved totaling $21,618.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,218 |
Greater Norwich Foundation Norwich, NY PURPOSE: SCHOLARSHIP | $2,000 |
Louis & Florence Glasgow Foundation 008682 Norwich, NY PURPOSE: SCHOLARSHIP | $1,300 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,000 |
Downman Family Foundation New Orleans, LA PURPOSE: UNRESTRICTED DONATION | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $215,076,000 |
| Earnings | $5,593,000 |
| Net Contributions | $3,149,000 |
| Other Expense | $4,706,000 |
| Grants | $6,581,000 |
| Ending Balance | $212,531,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Marsh Rice University Houston, TX | $8,424,555,000 | $976,544,472 |
Southern Methodist University Dallas, TX | $3,480,437,552 | $940,657,128 |
Texas Christian University Fort Worth, TX | $3,496,000,306 | $895,084,917 |
University Of The Incarnate Word San Antonio, TX | $487,005,002 | $259,002,070 |
Trinity University San Antonio, TX | $1,696,019,714 | $216,246,276 |
Abilene Christian University Abilene, TX | $773,960,218 | $252,996,672 |
St Edwards University Austin, TX | $377,920,423 | $208,782,526 |
Loyola University New Orleans, LA | $507,723,751 | $180,729,254 |
Harding University Searcy, AR | $398,070,168 | $176,306,238 |
Texas A&m Foundation College Station, TX | $2,465,090,742 | $282,467,067 |
St Marys University Of San Antonio San Antonio, TX | $341,447,478 | $152,177,233 |
Dallas Baptist University Dallas, TX | $215,242,904 | $135,214,343 |