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Nonprofiteer
← LOYOLA UNIVERSITY

Form 990 for tax year 2022

Filed by LOYOLA UNIVERSITY.

Totals

Total revenue
$209,192,889
Total expenses
$209,138,590
Contributions and grants received
$15,142,153
Grants paid
$98,390,308
Program service revenue
$185,723,020
Investment income
$8,139,442
Other revenue
$188,274
Total assets, end of year
$685,229,721
Total liabilities, end of year
$355,056,488
Net assets or fund balances, end of year
$330,173,233
Program services expenses (Part IX)
$186,558,129
Management and general expenses
$19,812,440
Fundraising expenses
$2,768,021
Program service expenses (Part III)
$186,558,129

Program services were 89.2% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $50,085

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $3,077,616

  • 1f · All other contributions, gifts and grants

    $12,014,452

  • 1g · Noncash contributions included above

    $169,523

  • 2f · All other program service revenue

    total $185,723,020 · related or exempt $185,723,020 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $4,524,726 · related or exempt $0 · unrelated business $0 · excluded $4,524,726

  • 4 · Income from investment of tax-exempt bond proceeds

    total $1,371,505 · related or exempt $0 · unrelated business $0 · excluded $1,371,505

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $57,400 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $57,400 · personal property $0

  • 6d · Net rental income or loss

    total $57,400 · related or exempt $0 · unrelated business $0 · excluded $57,400

  • 7a · Gross sales of assets other than inventory

    securities $110,253,000 · other assets $0

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

    securities $108,009,789 · other assets $0

  • 7c · Gain or loss

    securities $2,243,211 · other assets $0

  • 7d · Net gain or loss

    total $2,243,211 · related or exempt $0 · unrelated business $0 · excluded $2,243,211

  • 8a · Fundraising events: gross income

    $36,260

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $38,562

  • 8c · Net income from fundraising events

    total -$2,302 · unrelated business $0 · excluded -$2,302

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $133,176 · related or exempt $14,632 · unrelated business $118,544 · excluded $0

  • 11e · Other revenue, total

    $133,176

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $98,390,308 · program services $98,390,308

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $3,324,578 · program services $2,208,902 · management and general $893,026 · fundraising $222,650

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $49,659,259 · program services $40,312,318 · management and general $8,151,821 · fundraising $1,195,120

  • 8 · Pension plan contributions

    total $897,844 · program services $724,052 · management and general $148,867 · fundraising $24,925

  • 9 · Other employee benefits

    total $5,898,463 · program services $4,824,653 · management and general $892,770 · fundraising $181,040

  • 10 · Payroll taxes

    total $3,457,354 · program services $2,785,094 · management and general $574,783 · fundraising $97,477

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $200,653 · program services $0 · management and general $200,653 · fundraising $0

  • 11c · Fees: accounting

    total $182,725 · program services $0 · management and general $182,725 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $22,650 · fundraising $22,650

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $7,600,986 · program services $6,071,648 · management and general $1,437,465 · fundraising $91,873

  • 12 · Advertising and promotion

    total $1,075,902 · program services $932,345 · management and general $133,508 · fundraising $10,049

  • 13 · Office expenses

    total $2,056,859 · program services $1,522,940 · management and general $352,388 · fundraising $181,531

  • 14 · Information technology

    total $2,844,648 · program services $499,524 · management and general $2,218,727 · fundraising $126,397

  • 15 · Royalties

    total $869 · program services $869 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $6,339,368 · program services $5,124,265 · management and general $1,084,034 · fundraising $131,069

  • 17 · Travel

    total $3,441,167 · program services $2,808,493 · management and general $491,534 · fundraising $141,140

  • 19 · Conferences, conventions and meetings

    total $829,225 · program services $715,392 · management and general $108,359 · fundraising $5,474

  • 20 · Interest

    total $7,038,009 · program services $5,839,000 · management and general $1,036,512 · fundraising $162,497

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $6,400,696 · program services $5,952,648 · management and general $387,326 · fundraising $60,722

  • 23 · Insurance

    total $4,624,877 · program services $4,298,177 · management and general $282,861 · fundraising $43,839

  • 24a · Other expenses: Due, Subscriptions and Miscellaneous

    total $1,278,223 · program services $428,683 · management and general $835,658 · fundraising $13,882

  • 24b · Other expenses: Educational and Student Programs

    total $270,449 · program services $243,195 · management and general $23,430 · fundraising $3,824

  • 24c · Other expenses: Books and Periodicals

    total $1,429,420 · program services $1,386,023 · management and general $21,310 · fundraising $22,087

  • 24d · Other expenses: Equipment and Maintenance

    total $1,874,058 · program services $1,489,600 · management and general $354,683 · fundraising $29,775

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,892,199 · end of year $5,705,115

  • 2 · Savings and temporary cash investments

    beginning of year $49,606,452 · end of year $170,843,312

  • 3 · Pledges and grants receivable

    beginning of year $7,147,579 · end of year $9,942,150

  • 4 · Accounts receivable

    beginning of year $3,966,691 · end of year $3,668,917

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $1,064,254 · end of year $847,882

  • 8 · Inventories for sale or use

    beginning of year $563,431 · end of year $529,325

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,168,792 · end of year $5,209,960

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

    $365,526,171

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

    $112,899,059

  • 10c · Land, buildings and equipment, net

    beginning of year $236,711,864 · end of year $252,627,112

  • 11 · Investments: publicly traded securities

    beginning of year $235,726,190 · end of year $235,044,304

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $808,548 · end of year $811,644

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,590,018 · end of year $11,694,415

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $6,262,101 · end of year $10,482,154

  • 20 · Tax-exempt bond liabilities

    beginning of year $199,161,233 · end of year $327,599,644

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,559,648 · end of year $5,280,275

  • 27 · Net assets without donor restrictions

    beginning of year $144,362,080 · end of year $150,924,093

  • 28 · Net assets with donor restrictions

    beginning of year $176,720,920 · end of year $179,249,140

Mission and programs · 2022

Mission

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.

  • Loyola University New Orleans is a private, Catholic, Jesuit comprehensive university, open to students of all faiths. Loyola has 4,468 students - 3,253 undergraduates, 494 graduate students, 53 doctoral students, 599 law students and 69 continuing education students. The university is comprised of six colleges: Business, Arts and Sciences, Law, Music and Media, Nursing and Health, and City College, which is Loyola's online college that offers a variety of online programs. Loyola offers 2 associate degrees, 58 undergraduate degree programs (of which 52 are on-campus, 8 online, 4 certificates); 26 graduate programs (of which 17 are on-campus, 13 online, 2 extension, and 7 certificates).

    Expenses $186,558,129 · Grants $98,390,308 · Revenue $185,737,652

  • N/A

As filed on the 2022 return.

Listed in Part VII

  • Tania Tetlow

    President

    Total calculated
    $443,396
    From this org
    $424,704
    From related orgs
    $0
    Other
    $18,692
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $211,170
    Bonus
    $133,000
    Other
    $0
    Deferred
    $83,953
    Nontaxable benefits
    $15,272
    Filer's total
    $443,395
  • Carol Markowitz

    SVP/Chief Operating Officer

    Total calculated
    $406,915
    From this org
    $369,766
    From related orgs
    $0
    Other
    $37,149
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $298,516
    Bonus
    $71,250
    Other
    $0
    Deferred
    $7,656
    Nontaxable benefits
    $29,494
    Filer's total
    $406,916
  • Tanuja Singh

    Provost

    Total calculated
    $376,231
    From this org
    $348,798
    From related orgs
    $0
    Other
    $27,433
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $348,798
    Bonus
    $0
    Other
    $0
    Deferred
    $7,000
    Nontaxable benefits
    $20,433
    Filer's total
    $376,231
  • Michael Capella

    Dean College of Business

    Total calculated
    $346,257
    From this org
    $308,852
    From related orgs
    $0
    Other
    $37,405
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $308,852
    Bonus
    $0
    Other
    $0
    Deferred
    $6,300
    Nontaxable benefits
    $31,105
    Filer's total
    $346,257
  • Madeleine Landrieu

    Dean College of Law

    Total calculated
    $331,412
    From this org
    $311,533
    From related orgs
    $0
    Other
    $19,879
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $311,533
    Bonus
    $0
    Other
    $0
    Deferred
    $6,200
    Nontaxable benefits
    $13,679
    Filer's total
    $331,412
  • Paul Cesarini

    Dean Online & City College

    Total calculated
    $302,753
    From this org
    $257,761
    From related orgs
    $0
    Other
    $44,992
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $243,029
    Bonus
    $0
    Other
    $14,732
    Deferred
    $4,900
    Nontaxable benefits
    $40,092
    Filer's total
    $302,753
  • Michelle Collins

    Dean College of Nursing and Health

    Total calculated
    $276,054
    From this org
    $240,934
    From related orgs
    $0
    Other
    $35,120
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $240,934
    Bonus
    $0
    Other
    $0
    Deferred
    $5,000
    Nontaxable benefits
    $30,120
    Filer's total
    $276,054
  • Maria Calzada

    Dean College of Arts and Sciences

    Total calculated
    $275,434
    From this org
    $226,163
    From related orgs
    $0
    Other
    $49,271
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $226,163
    Bonus
    $0
    Other
    $0
    Deferred
    $4,500
    Nontaxable benefits
    $44,770
    Filer's total
    $275,433
  • Maria Lopez Pabon

    Professor of Law

    Total calculated
    $260,471
    From this org
    $225,922
    From related orgs
    $0
    Other
    $34,549
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $225,922
    Bonus
    $0
    Other
    $0
    Deferred
    $4,654
    Nontaxable benefits
    $29,896
    Filer's total
    $260,472
  • Rev Justin Daffron SJ

    Interim President

    Total calculated
    $241,615
    From this org
    $191,000
    From related orgs
    $0
    Other
    $50,615
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $191,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $50,615
    Filer's total
    $241,615
  • Mary Algero

    Professor of Law

    Total calculated
    $231,772
    From this org
    $198,367
    From related orgs
    $0
    Other
    $33,405
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $198,367
    Bonus
    $0
    Other
    $0
    Deferred
    $4,105
    Nontaxable benefits
    $29,300
    Filer's total
    $231,772
  • Robert Verchick

    Professor of Law

    Total calculated
    $230,488
    From this org
    $197,563
    From related orgs
    $0
    Other
    $32,925
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $197,563
    Bonus
    $0
    Other
    $0
    Deferred
    $4,125
    Nontaxable benefits
    $28,800
    Filer's total
    $230,488
  • Jonathan Vogl

    Film Production Liaison

    Total calculated
    $228,777
    From this org
    $212,337
    From related orgs
    $0
    Other
    $16,440
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $36,000
    Bonus
    $176,337
    Other
    $0
    Deferred
    $4,246
    Nontaxable benefits
    $12,193
    Filer's total
    $228,776
  • Nathan Ament

    Vice President of Enrollment Management

    Total calculated
    $225,661
    From this org
    $192,251
    From related orgs
    $0
    Other
    $33,410
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $192,251
    Bonus
    $0
    Other
    $0
    Deferred
    $4,006
    Nontaxable benefits
    $29,404
    Filer's total
    $225,661
  • Blaine Lecesne

    Professor of Law

    Total calculated
    $225,080
    From this org
    $202,933
    From related orgs
    $0
    Other
    $22,147
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $202,933
    Bonus
    $0
    Other
    $0
    Deferred
    $4,099
    Nontaxable benefits
    $18,048
    Filer's total
    $225,080
  • Kern Maass

    Dean College of Music & Media

    Total calculated
    $218,564
    From this org
    $185,435
    From related orgs
    $0
    Other
    $33,129
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $185,435
    Bonus
    $0
    Other
    $0
    Deferred
    $3,850
    Nontaxable benefits
    $29,279
    Filer's total
    $218,564
  • Christopher Wiseman

    Vice President University Advancement

    Total calculated
    $215,260
    From this org
    $193,830
    From related orgs
    $0
    Other
    $21,430
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $193,830
    Bonus
    $0
    Other
    $0
    Deferred
    $4,006
    Nontaxable benefits
    $17,424
    Filer's total
    $215,260
  • Rev Gregory Waldrop SJ

    Secretary/Treasurer

    Total calculated
    $4,306
    From this org
    $4,000
    From related orgs
    $0
    Other
    $306
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $4,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $306
    Filer's total
    $4,306
  • Peggy Adams

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Michael Bell

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Michie Bissel

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • John Brown SJ

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Rev John Cecero SJ

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Cassandra Chandler

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Lynn Coatney

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Rev John Cunningham SJ

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Rev Thomas Curran SJ

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Brian Dunkle SJ

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Benjamin Fields

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Rev Michael Garanzini SJ

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Anne Gauthier

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Ryan Haas

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Nancy Hairston

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Morton Katz

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Stephen Kent

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Dennis Lauscha

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jim Meza

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Sean O'Keefe

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Bernard Panetta

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Greg Rattler

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Scott Rodger

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Leah Schlater-Brown

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Leo Seonae

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Michael Skehan

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Tod Smith

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Stephanie Stokes

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Rev Jeffrey von Arx SJ

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Stephen Landry

    Chair

    Total calculated
    $0
    Hours/week
    1
  • Robert LeBlanc

    Vice-Chair

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues

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
  • 6a · Pay contingent on this organization's net earnings
  • 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)

Schedule J, Part I, Line 1a
Allowances provided are authorized under university policy.
Schedule J, Part I, Line 5
Jon Vogl received additional compensation above base salary contingent upon gross revenue earned in excess of $175,000 for film and television production.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
22 May 2024
IRS schema version
2022v5.0
Source object
202411439349300331

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