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Nonprofiteer
← LOYOLA UNIVERSITY

Form 990 for tax year 2024

Filed by LOYOLA UNIVERSITY.

Totals

Total revenue
$225,282,245
Total expenses
$222,856,978
Contributions and grants received
$15,871,847
Grants paid
$96,484,173
Program service revenue
$190,450,133
Investment income
$18,761,184
Other revenue
$199,081
Total assets, end of year
$721,542,172
Total liabilities, end of year
$373,411,026
Net assets or fund balances, end of year
$348,131,146
Program services expenses (Part IX)
$194,411,377
Management and general expenses
$25,650,877
Fundraising expenses
$2,794,724
Program service expenses (Part III)
$194,411,377

Program services were 87.2% 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

    $123,247

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $3,394,935

  • 1f · All other contributions, gifts and grants

    $12,353,665

  • 1g · Noncash contributions included above

    $701,942

  • 2f · All other program service revenue

    total $190,450,133 · related or exempt $190,450,133 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $4,475,629 · related or exempt $0 · unrelated business $0 · excluded $4,475,629

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

    total $3,345,249 · related or exempt $0 · unrelated business $0 · excluded $3,345,249

  • 5 · Royalties

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $137,704,259 · other assets $0

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

    securities $126,763,953 · other assets $0

  • 7c · Gain or loss

    securities $10,940,306 · other assets $0

  • 7d · Net gain or loss

    total $10,940,306 · related or exempt $0 · unrelated business $0 · excluded $10,940,306

  • 8a · Fundraising events: gross income

    $0

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

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 11d · All other revenue

    total $199,081 · related or exempt $0 · unrelated business $199,081 · excluded $0

  • 11e · Other revenue, total

    $199,081

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 $96,484,173 · program services $96,484,173

  • 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 $3,523,738 · program services $2,325,641 · management and general $956,150 · fundraising $241,947

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $54,265,190 · program services $43,331,955 · management and general $9,669,145 · fundraising $1,264,090

  • 8 · Pension plan contributions

    total $880,633 · program services $693,996 · management and general $163,202 · fundraising $23,435

  • 9 · Other employee benefits

    total $7,530,526 · program services $5,903,546 · management and general $1,411,591 · fundraising $215,389

  • 10 · Payroll taxes

    total $3,841,869 · program services $3,023,106 · management and general $713,074 · fundraising $105,689

  • 11a · Fees: management

    total $290,004 · program services $290,004 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $154,244 · program services $0 · management and general $154,244 · fundraising $0

  • 11c · Fees: accounting

    total $123,620 · program services $0 · management and general $123,620 · fundraising $0

  • 11d · Fees: lobbying

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

  • 11e · Fees: professional fundraising services

    total $5,500 · fundraising $5,500

  • 11f · Fees: investment management

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

  • 11g · Fees: other

    total $8,092,973 · program services $5,096,467 · management and general $2,956,162 · fundraising $40,344

  • 12 · Advertising and promotion

    total $1,049,894 · program services $975,797 · management and general $56,749 · fundraising $17,348

  • 13 · Office expenses

    total $3,252,920 · program services $2,314,791 · management and general $817,010 · fundraising $121,119

  • 14 · Information technology

    total $3,259,554 · program services $718,121 · management and general $2,380,719 · fundraising $160,714

  • 15 · Royalties

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

  • 16 · Occupancy

    total $4,928,179 · program services $3,852,217 · management and general $998,908 · fundraising $77,054

  • 17 · Travel

    total $3,686,947 · program services $3,097,435 · management and general $430,917 · fundraising $158,595

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

    total $905,976 · program services $559,291 · management and general $329,780 · fundraising $16,905

  • 20 · Interest

    total $11,116,237 · program services $9,320,237 · management and general $1,600,013 · fundraising $195,987

  • 21 · Payments to affiliates

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

  • 22 · Depreciation, depletion and amortization

    total $7,285,162 · program services $6,714,710 · management and general $508,202 · fundraising $62,250

  • 23 · Insurance

    total $5,627,836 · program services $5,209,982 · management and general $372,256 · fundraising $45,598

  • 24a · Other expenses: Religious Order Contracted Services

    total $696,989 · program services $538,864 · management and general $158,125 · fundraising $0

  • 24b · Other expenses: Dues/Subscriptions

    total $1,341,373 · program services $1,114,764 · management and general $218,061 · fundraising $8,548

  • 24c · Other expenses: Books and Student Programs

    total $975,918 · program services $926,235 · management and general $30,168 · fundraising $19,515

  • 24d · Other expenses: Equipment and Mainteance

    total $2,295,530 · program services $1,898,109 · management and general $383,315 · fundraising $14,106

  • 24e · All other expenses

    total $1,241,993 · program services $21,936 · management and general $1,219,466 · fundraising $591

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,974,600 · end of year $7,411,523

  • 2 · Savings and temporary cash investments

    beginning of year $133,782,712 · end of year $62,065,199

  • 3 · Pledges and grants receivable

    beginning of year $7,922,653 · end of year $8,633,657

  • 4 · Accounts receivable

    beginning of year $6,150,794 · end of year $5,773,315

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $552,196 · end of year $120,538

  • 8 · Inventories for sale or use

    beginning of year $3,399,280 · end of year $3,399,280

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,524,566 · end of year $6,200,852

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

    $498,815,280

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

    $124,625,243

  • 10c · Land, buildings and equipment, net

    beginning of year $299,892,081 · end of year $374,190,037

  • 11 · Investments: publicly traded securities

    beginning of year $81,450,360 · end of year $87,328,484

  • 12 · Investments: other securities

    beginning of year $164,479,376 · end of year $165,607,643

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,368,621 · end of year $20,803,549

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $22,076,184 · end of year $34,550,616

  • 20 · Tax-exempt bond liabilities

    beginning of year $322,196,158 · end of year $316,851,345

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end 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 $1,404,948 · end of year $1,205,516

  • 27 · Net assets without donor restrictions

    beginning of year $157,212,970 · end of year $158,982,442

  • 28 · Net assets with donor restrictions

    beginning of year $182,681,381 · end of year $189,148,704

Mission and programs · 2024

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.

Activities or mission (Part I)

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 4,223 students - 2,912 undergraduates, 547 graduate students, 90 doctoral students, 648 law students and 26 continuing education students. The university comprises 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 1 associate degree, 53 undergraduate degree programs (of which 52 are on-campus, 6 fully online, 1 hybrid, one Prison Education Program, and 1 certificate); 26 graduate programs (of which 12 are on-campus, 12 fully online, 7 hybrid, 2 extension, and 17 certificates). Plus 16 Continuing Education programs.

    Expenses $194,411,377 · Grants $96,484,173 · Revenue $190,450,133

As filed on the 2024 return.

Listed in Part VII

  • Xavier Cole

    President

    Total calculated
    $502,477
    From this org
    $470,003
    From related orgs
    $0
    Other
    $32,474
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $450,000
    Bonus
    $0
    Other
    $20,003
    Deferred
    $6,900
    Nontaxable benefits
    $25,574
    Filer's total
    $502,477
  • Carol Markowitz

    SVP/Chief Operating Officer

    Total calculated
    $477,752
    From this org
    $437,500
    From related orgs
    $0
    Other
    $40,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,000
    Bonus
    $87,500
    Other
    $0
    Deferred
    $6,900
    Nontaxable benefits
    $33,352
    Filer's total
    $477,752
  • Madeline Landrieu

    Dean of College of Law

    Total calculated
    $326,701
    From this org
    $310,000
    From related orgs
    $0
    Other
    $16,701
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,000
    Bonus
    $0
    Other
    $0
    Deferred
    $6,200
    Nontaxable benefits
    $10,501
    Filer's total
    $326,701
  • Paul Cesarini

    Dean of City College

    Total calculated
    $323,447
    From this org
    $247,115
    From related orgs
    $0
    Other
    $76,332
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,115
    Bonus
    $0
    Other
    $0
    Deferred
    $4,942
    Nontaxable benefits
    $71,390
    Filer's total
    $323,447
  • Michelle Collins

    Dean College of Nursing and Health

    Total calculated
    $304,316
    From this org
    $265,385
    From related orgs
    $0
    Other
    $38,931
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,385
    Bonus
    $0
    Other
    $0
    Deferred
    $5,308
    Nontaxable benefits
    $33,623
    Filer's total
    $304,316
  • Maria Calzada

    Interim Provost

    Total calculated
    $279,414
    From this org
    $242,308
    From related orgs
    $0
    Other
    $37,106
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,000
    Bonus
    $0
    Other
    $17,308
    Deferred
    $4,846
    Nontaxable benefits
    $32,260
    Filer's total
    $279,414
  • Mary Algero

    Professor of Law

    Total calculated
    $261,131
    From this org
    $201,726
    From related orgs
    $0
    Other
    $59,405
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,726
    Bonus
    $0
    Other
    $0
    Deferred
    $4,034
    Nontaxable benefits
    $55,371
    Filer's total
    $261,131
  • Sheryl Kennedy Haydel

    Dean of Music and Media

    Total calculated
    $252,398
    From this org
    $224,615
    From related orgs
    $0
    Other
    $27,783
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,615
    Bonus
    $0
    Other
    $0
    Deferred
    $4,492
    Nontaxable benefits
    $23,291
    Filer's total
    $252,398
  • Robert Verchick

    Professor of Law

    Total calculated
    $241,847
    From this org
    $204,819
    From related orgs
    $0
    Other
    $37,028
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,819
    Bonus
    $0
    Other
    $0
    Deferred
    $4,096
    Nontaxable benefits
    $32,932
    Filer's total
    $241,847
  • Sharonda Williams

    VP and General Counsel and Dir Gov Affairs

    Total calculated
    $222,820
    From this org
    $200,000
    From related orgs
    $0
    Other
    $22,820
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $0
    Other
    $0
    Deferred
    $4,000
    Nontaxable benefits
    $18,820
    Filer's total
    $222,820
  • Blaine Lecesne

    Professor of Law

    Total calculated
    $222,711
    From this org
    $200,331
    From related orgs
    $0
    Other
    $22,380
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,331
    Bonus
    $0
    Other
    $0
    Deferred
    $4,007
    Nontaxable benefits
    $18,373
    Filer's total
    $222,711
  • Leonard Kahn

    Dean College of Arts and sciences

    Total calculated
    $209,129
    From this org
    $186,923
    From related orgs
    $0
    Other
    $22,206
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,923
    Bonus
    $0
    Other
    $0
    Deferred
    $3,739
    Nontaxable benefits
    $18,467
    Filer's total
    $209,129
  • Stephanie Hotard

    Vice Pres University Advancement

    Total calculated
    $204,918
    From this org
    $182,152
    From related orgs
    $0
    Other
    $22,766
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,152
    Bonus
    $0
    Other
    $0
    Deferred
    $3,631
    Nontaxable benefits
    $19,135
    Filer's total
    $204,918
  • Gustavo Barboza

    Professor College of Business

    Total calculated
    $201,732
    From this org
    $187,000
    From related orgs
    $0
    Other
    $14,732
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,000
    Bonus
    $0
    Other
    $0
    Deferred
    $3,740
    Nontaxable benefits
    $10,992
    Filer's total
    $201,732
  • Alicia Bourque

    Vice President Student Affairs

    Total calculated
    $163,089
    From this org
    $130,000
    From related orgs
    $0
    Other
    $33,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,000
    Bonus
    $0
    Other
    $0
    Deferred
    $2,600
    Nontaxable benefits
    $30,489
    Filer's total
    $163,089
  • Anthony Jones

    Vice President Enrollment Management

    Total calculated
    $159,778
    From this org
    $150,096
    From related orgs
    $0
    Other
    $9,682
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,096
    Bonus
    $10,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,682
    Filer's total
    $159,778
  • Patricia Nugent

    Interim Dean

    Total calculated
    $129,725
    From this org
    $106,588
    From related orgs
    $0
    Other
    $23,137
    Hours/week
    40
  • Christopher Wiseman

    Vice Pres University Advancement

    Total calculated
    $95,383
    From this org
    $85,031
    From related orgs
    $0
    Other
    $10,352
    Hours/week
    40
  • Stuart Gay

    Chief Financial Officer

    Total calculated
    $33,761
    From this org
    $30,769
    From related orgs
    $0
    Other
    $2,992
    Hours/week
    40
  • Michael Bell

    Board Member

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

    Board Member

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

    Board Member

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

    Board Member

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

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Benjamin C Fields

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Joe George

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Caroline Gonzalez

    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
  • Rachel Kent

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Dennis Lauscha

    Board Member

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

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Gregory Rattler

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Scott Rodger

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Lisa Osborne Ross

    Board Member

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

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jared Schoch

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Leo Seoane

    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
  • Cherrell Simms Taplin

    Board Member

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

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Duke Williams

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Rev W Penn Dawson SJ

    Assistant Professor Law and Board Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    40
  • Ryan Haas

    Vice Chair

    Total calculated
    $0
    Hours/week
    1
  • Robert LeBlanc

    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 · Travel for companions
  • 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

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 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. Executive Committee of the Board of Trusties deliberates to determine the President's compensation.
Schedule J, Part I, Line 3
The Executive Committee of the Board of Trustees deliberates to determine the President's compensation.

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
2024
Filed
13 June 2026
IRS schema version
2024v5.0
Source object
202611669349301461

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