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Nonprofiteer
← LOYOLA PRESS

Form 990 for tax year 2023

Filed by LOYOLA PRESS.

Totals

Total revenue
$18,168,490
Total expenses
$16,531,494
Contributions and grants received
$9,412
Grants paid
$137,891
Program service revenue
$690,364
Investment income
$1,349,371
Other revenue
$16,119,343
Total assets, end of year
$35,057,935
Total liabilities, end of year
$7,061,701
Net assets or fund balances, end of year
$27,996,234
Program services expenses (Part IX)
$12,970,076
Management and general expenses
$3,561,418
Fundraising expenses
$0
Program service expenses (Part III)
$12,970,076

Program services were 78.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $9,412

  • 2a · Program service revenue: NET FREIGHT INCOME

    total $690,364 · related or exempt $690,364

  • 3 · Investment income

    total $526,833 · excluded $526,833

  • 7a · Gross sales of assets other than inventory

    securities $5,401,686 · other assets $4,092

  • 7b · Less cost or other basis and sales expenses

    securities $4,583,240 · other assets $0

  • 7c · Gain or loss

    securities $818,446 · other assets $4,092

  • 7d · Net gain or loss

    total $822,538 · excluded $822,538

  • 10a · Gross sales of inventory

    $20,432,096

  • 10b · Cost of goods sold

    $4,337,822

  • 10c · Net income from sales of inventory

    total $16,094,274 · related or exempt $16,094,274

  • 11a · Other revenue: OTHER PUBLISHING INCOME

    total $18,365 · related or exempt $18,365

  • 11b · Other revenue: OTHER REVENUE

    total $6,704 · related or exempt $6,704

  • 11e · Other revenue, total

    $25,069

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $136,555 · program services $136,555

  • 3 · Grants to foreign organizations and individuals

    total $1,336 · program services $1,336

  • 5 · Compensation of officers, directors and key employees

    total $1,152,333 · program services $722,919 · management and general $429,414

  • 7 · Other salaries and wages

    total $7,154,103 · program services $5,796,778 · management and general $1,357,325

  • 8 · Pension plan contributions

    total $464,176 · program services $382,145 · management and general $82,031

  • 9 · Other employee benefits

    total $681,917 · program services $522,456 · management and general $159,461

  • 10 · Payroll taxes

    total $654,377 · program services $461,046 · management and general $193,331

  • 11b · Fees: legal

    total $57,763 · management and general $57,763

  • 11c · Fees: accounting

    total $182,153 · management and general $182,153

  • 11f · Fees: investment management

    total $108,511 · management and general $108,511

  • 11g · Fees: other

    total $1,846,129 · program services $1,640,988 · management and general $205,141

  • 12 · Advertising and promotion

    total $411,889 · program services $411,766 · management and general $123

  • 13 · Office expenses

    total $624,095 · program services $439,078 · management and general $185,017

  • 14 · Information technology

    total $822,231 · program services $669,966 · management and general $152,265

  • 17 · Travel

    total $417,948 · program services $357,797 · management and general $60,151

  • 19 · Conferences, conventions and meetings

    total $217,183 · program services $210,333 · management and general $6,850

  • 20 · Interest

    total $162,798 · management and general $162,798

  • 22 · Depreciation, depletion and amortization

    total $205,283 · program services $160,531 · management and general $44,752

  • 23 · Insurance

    total $69,600 · management and general $69,600

  • 24a · Other expenses: WAREHOUSING & DISTRIBUT

    total $848,654 · program services $848,654

  • 24b · Other expenses: COST OF SAMPLES

    total $207,728 · program services $207,728

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $101,641 · management and general $101,641

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $2,747 · management and general $2,747

  • 24e · All other expenses

    total $344 · management and general $344

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,189,129 · end of year $4,456,709

  • 3 · Pledges and grants receivable

    beginning of year $1,550,000

  • 4 · Accounts receivable

    beginning of year $4,411,565 · end of year $6,124,556

  • 8 · Inventories for sale or use

    beginning of year $5,122,610 · end of year $4,594,796

  • 9 · Prepaid expenses and deferred charges

    beginning of year $337,887 · end of year $527,474

  • 10a · Land, buildings and equipment: cost or other basis

    $2,024,116

  • 10b · Land, buildings and equipment: accumulated depreciation

    $916,607

  • 10c · Land, buildings and equipment, net

    beginning of year $1,251,404 · end of year $1,107,509

  • 11 · Investments: publicly traded securities

    beginning of year $14,674,064 · end of year $16,789,493

  • 15 · Other assets

    beginning of year $1,475,414 · end of year $1,457,398

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,492,821 · end of year $1,888,437

  • 19 · Deferred revenue

    beginning of year $287,184 · end of year $224,557

  • 25 · Other liabilities

    beginning of year $2,706,626 · end of year $4,948,707

  • 27 · Net assets without donor restrictions

    beginning of year $24,056,075 · end of year $26,087,694

  • 28 · Net assets with donor restrictions

    beginning of year $2,469,367 · end of year $1,908,540

Mission and programs · 2023

Mission

TO PERFORM RELIGIOUS, CHARITABLE, AND EDUCATIONAL ACTIVITIES IN ACCORDANCE WITH THE TEACHING, HISTORY, AND TRADITIONS OF THE ROMAN CATHOLIC CHURCH AND THE MISSION AND MINISTRY OF THE SOCIETY OF JESUS; TO PROVIDE OPPORTUNITIES FOR CATECHETICAL AND SPIRITUAL GROWTH IN THE ROMAN CATHOLIC TRADITION THROUGH IGNATIAN SPIRITUALITY; AND FOR ANY OTHER RELIGIOUS, CHARITABLE OR EDUCATIONAL PURPOSE THAT IS CONSISTENT WITH THE MISSION.

Activities or mission (Part I)

TO PERFORM RELIGIOUS, CHARITABLE, AND EDUCATIONAL ACTIVITIES IN ACCORDANCE WITH THE ROMAN CATHOLIC CHURCH AND THE SOCIETY OF JESUS.

  • FAITH FORMATION - LOYOLA PRESS PUBLISHES TEXTBOOKS AND RESOURCES CONTAINING PRIMARILY CATHOLIC RELIGIOUS CONTENT IN SUPPORT OF ITS MISSION OF EVANGELIZATION, CATECHESIS AND SPIRITUAL INSPIRATION. FAITH FORMATION SEEKS TO SERVE THE SPIRITUAL NEEDS OF CATHOLICS FROM BIRTH THROUGH ADULT LIFE. OUR K-8 CORE FAITH FORMATION PROGRAMS INCLUDE CHRIST OUR LIFE AND FINDING GOD. SACRAMENTAL PREPARATION PROGRAMS INCLUDE GOD'S GIFT AND CONFIRMED IN THE SPIRIT. MANY PROGRAMS AND RESOURCES ARE OFFERED AS BILINGUAL PROGRAMS AND/OR ALSO INCLUDE ADAPTIVE LEARNING COMPONENTS AND RESOURCES, FURTHER EXPANDING THE REACH OF OUR MINISTRY. LOYOLA PRESS ALSO PUBLISHES A MYRIAD OF OTHER RELIGION READINESS AND MINISTRY AND FORMATION RESOURCES, AS WELL AS INDIVIDUAL BOOKS ON IGNATIAN PRAYER AND SPIRITUALITY, CATHOLIC PRAYER, HISTORY, SPIRITUAL PRACTICES AND SIGNIFICANT CATHOLIC PEOPLE SUCH AS POPE FRANCIS, ST. IGNATIUS OF LOYOLA, AND MANY SAINTS. OUR PUBLICATIONS ALSO INCLUDE GRAMMAR AND WRITING PROGRAMS AND RESOURCES TO DEVELOP STRONG COMMUNICATION SKILLS THAT FACILITATES LEARNING, COMMUNICATING AND PASSING ON THE CATHOLIC FAITH, AND IS IN KEEPING WITH THE TRADITION OF THE JESUITS EXCELLENCE IN EDUCATION.

    Expenses $12,970,076 · Grants $137,891 · Revenue $16,809,707

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRADLEY M SCHAEFFER SJ

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL CONSIDINE

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID MCNULTY

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JAMES S PREHN SJ

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MANUEL DORANTES

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARCO A LOPEZ

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL A MARTINEZ SJ

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL A ROSSMAN SJ

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL BOYLE PHD

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MOIRA MADELL

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHYLLIS CAVALLONE

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM ANDREESEN

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TERENCE K BRENNAN

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOELLYN CICCIARELLI

    PRESIDENT

    Total calculated
    $340,068
    From this org
    $290,963
    From related orgs
    $0
    Other
    $49,105
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $253,463
    Bonus
    $37,500
    Other
    $0
    Deferred
    $22,367
    Nontaxable benefits
    $26,738
    Filer's total
    $340,068

  • KIMBERLY SKALMAN

    VP, CFO

    Total calculated
    $233,083
    From this org
    $191,267
    From related orgs
    $0
    Other
    $41,816
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $191,267
    Bonus
    $0
    Other
    $0
    Deferred
    $15,078
    Nontaxable benefits
    $26,738
    Filer's total
    $233,083

  • SANTIAGO CORTES-SJOBERG

    VP, NEW PRODUCT DEVELOPMENT

    Total calculated
    $232,644
    From this org
    $207,570
    From related orgs
    $0
    Other
    $25,074
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $177,570
    Bonus
    $30,000
    Other
    $0
    Deferred
    $15,608
    Nontaxable benefits
    $9,466
    Filer's total
    $232,644

  • JOHN CHRISTENSEN

    VP, SALES AND MARKETING

    Total calculated
    $244,151
    From this org
    $202,000
    From related orgs
    $0
    Other
    $42,151
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $168,407
    Bonus
    $33,593
    Other
    $0
    Deferred
    $15,750
    Nontaxable benefits
    $26,401
    Filer's total
    $244,151

  • DOMINIC YONTO

    DIRECTOR

    Total calculated
    $186,980
    From this org
    $157,592
    From related orgs
    $0
    Other
    $29,388
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $157,592
    Bonus
    $0
    Other
    $0
    Deferred
    $12,808
    Nontaxable benefits
    $16,580
    Filer's total
    $186,980

  • GARY JANSEN

    DIRECTOR

    Total calculated
    $175,922
    From this org
    $144,928
    From related orgs
    $0
    Other
    $30,994
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $136,928
    Bonus
    $8,000
    Other
    $0
    Deferred
    $11,595
    Nontaxable benefits
    $19,399
    Filer's total
    $175,922

  • RAYMOND IVES

    IT BUSINESS RELATIONSHIP MANAGER

    Total calculated
    $148,691
    From this org
    $129,242
    From related orgs
    $0
    Other
    $19,449
    Hours/week
    37.5

  • JANET CZERWINSKI

    DIRECTOR

    Total calculated
    $155,672
    From this org
    $128,507
    From related orgs
    $0
    Other
    $27,165
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $128,507
    Bonus
    $0
    Other
    $0
    Deferred
    $10,585
    Nontaxable benefits
    $16,580
    Filer's total
    $155,672

  • CARRIE FREYER

    DIRECTOR

    Total calculated
    $137,672
    From this org
    $127,964
    From related orgs
    $0
    Other
    $9,708
    Hours/week
    37.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
PRESIDENT/CEO COMPENSATION IS ESTABLISHED AND EVALUATED BY THE BOARD CHAIR RESULTING IN A DOCUMENTED REVIEW AND LETTER TO THE PRESIDENT/CEO. A SALARY ASSESSMENT PERFORMED BY A THIRD PARTY CONSULTANT IS USED IN EVALUATION PROCESSES.
PART I, LINE 5
MEMBERS OF THE EXECUTIVE TEAM AND SALES AND MARKETING MANAGEMENT HAVE FORMAL COMPENSATION AGREEMENTS, INCLUDING BONUS PAYMENTS CONTINGENT UPON VARYING OPERATING RESULTS.
PART I, LINE 6
MEMBERS OF THE EXECUTIVE TEAM HAVE FORMAL COMPENSATION AGREEMENTS THAT INCLUDE BONUS PAYMENTS CONTINENT UPON VARIOUS OPERATING RESULTS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
26 February 2025
IRS schema version
2023v6.0
Source object
202540589349301219

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