Totals
- Total revenue
- $63,316,204
- Total expenses
- $67,511,442
- Contributions and grants received
- $9,972,388
- Grants paid
- $25,507,704
- Program service revenue
- $51,849,059
- Investment income
- $1,284,646
- Other revenue
- $210,111
- Total assets, end of year
- $112,267,399
- Total liabilities, end of year
- $60,970,305
- Net assets or fund balances, end of year
- $51,297,094
- Program services expenses (Part IX)
- $63,933,771
- Management and general expenses
- $1,988,391
- Fundraising expenses
- $1,589,280
- Program service expenses (Part III)
- $63,933,771
Program services were 94.7% 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.
-
1e · Government grants (contributions)
$576,078
-
1f · All other contributions, gifts and grants
$9,396,310
-
1g · Noncash contributions included above
$400,918
-
2a · Program service revenue: COLLEGE FEES & SERVICE
total $41,450,365 · related or exempt $41,450,365
-
2b · Program service revenue: SALES/SVC, AUX. ENTER.
total $8,780,683 · related or exempt $8,780,683
-
2c · Program service revenue: SALES/SVC, EDU. ENTER.
total $604,744 · related or exempt $604,744
-
2d · Program service revenue: FINE INCOME
total $86,660 · related or exempt $86,660
-
2e · Program service revenue: DELINQUENCY CHARGES
total $61,575 · related or exempt $61,575
-
2f · All other program service revenue
total $865,032 · related or exempt $865,032
-
3 · Investment income
total $1,083,801 · excluded $1,083,801
-
7a · Gross sales of assets other than inventory
securities $22,340,453
-
7b · Less cost or other basis and sales expenses
securities $21,766,562 · other assets $373,046
-
7c · Gain or loss
securities $573,891 · other assets -$373,046
-
7d · Net gain or loss
total $200,845 · excluded $200,845
-
8a · Fundraising events: gross income
$36,382
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $36,382 · excluded $36,382
-
9a · Gaming: gross income
$33,283
-
9b · Gaming: direct expenses
$12,359
-
9c · Net income from gaming
total $20,924 · excluded $20,924
-
10a · Gross sales of inventory
$214,955
-
10b · Cost of goods sold
$110,570
-
10c · Net income from sales of inventory
total $104,385 · excluded $104,385
-
11a · Other revenue: EXT. EVENTS & CATERING
total $42,620 · unrelated business $42,620
-
11b · Other revenue: ADVERTISING
total $5,800 · unrelated business $5,800
-
11e · Other revenue, total
$48,420
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $25,507,704 · program services $25,507,704
-
5 · Compensation of officers, directors and key employees
total $1,152,008 · program services $283,483 · management and general $543,610 · fundraising $324,915
-
7 · Other salaries and wages
total $17,179,342 · program services $15,991,837 · management and general $451,227 · fundraising $736,278
-
8 · Pension plan contributions
total $845,330 · program services $779,110 · management and general $25,484 · fundraising $40,736
-
9 · Other employee benefits
total $2,440,146 · program services $2,273,129 · management and general $108,935 · fundraising $58,082
-
10 · Payroll taxes
total $1,243,818 · program services $1,121,887 · management and general $53,917 · fundraising $68,014
-
11b · Fees: legal
total $66,894 · management and general $66,894
-
11c · Fees: accounting
total $158,066 · management and general $158,066
-
11f · Fees: investment management
total $123,111 · management and general $123,111
-
11g · Fees: other
total $984,566 · program services $880,218 · management and general $73,055 · fundraising $31,293
-
12 · Advertising and promotion
total $197,746 · program services $160,596 · fundraising $37,150
-
13 · Office expenses
total $2,131,367 · program services $1,945,665 · management and general $36,233 · fundraising $149,469
-
14 · Information technology
total $892,596 · program services $781,240 · management and general $50,914 · fundraising $60,442
-
16 · Occupancy
total $1,421,190 · program services $1,421,190
-
17 · Travel
total $1,307,448 · program services $1,264,731 · management and general $10,881 · fundraising $31,836
-
19 · Conferences, conventions and meetings
total $58,077 · program services $48,782 · management and general $7,151 · fundraising $2,144
-
20 · Interest
total $2,957,212 · program services $2,957,212
-
22 · Depreciation, depletion and amortization
total $3,875,835 · program services $3,875,835
-
23 · Insurance
total $561,320 · program services $561,320
-
24a · Other expenses: FOOD SERVICE
total $2,154,502 · program services $2,154,502
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $658,707 · program services $658,431 · management and general $170 · fundraising $106
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $296,585 · program services $163,036 · management and general $121,784 · fundraising $11,765
-
24e · All other expenses
total $1,297,872 · program services $1,103,863 · management and general $156,959 · fundraising $37,050
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,795 · end of year $7,494
-
2 · Savings and temporary cash investments
beginning of year $2,915,166 · end of year $1,217,461
-
3 · Pledges and grants receivable
beginning of year $22,567,429 · end of year $23,813,177
-
4 · Accounts receivable
beginning of year $359,351 · end of year $653,690
-
8 · Inventories for sale or use
beginning of year $29,289 · end of year $174,200
-
9 · Prepaid expenses and deferred charges
beginning of year $760,303 · end of year $919,704
-
10a · Land, buildings and equipment: cost or other basis
$120,981,163
-
10b · Land, buildings and equipment: accumulated depreciation
$70,148,099
-
10c · Land, buildings and equipment, net
beginning of year $51,327,890 · end of year $50,833,064
-
11 · Investments: publicly traded securities
beginning of year $24,664,604 · end of year $22,233,833
-
12 · Investments: other securities
beginning of year $3,691,197 · end of year $3,705,742
-
13 · Investments: program-related
beginning of year $4,276,982 · end of year $4,229,636
-
15 · Other assets
beginning of year $4,163,596 · end of year $4,479,398
-
17 · Accounts payable and accrued expenses
beginning of year $4,787,413 · end of year $4,698,666
-
19 · Deferred revenue
beginning of year $3,631,754 · end of year $3,735,133
-
20 · Tax-exempt bond liabilities
beginning of year $41,932,651 · end of year $41,709,584
-
21 · Escrow or custodial account liability
beginning of year $711,703 · end of year $604,305
-
23 · Secured mortgages and notes payable
beginning of year $7,254,169 · end of year $7,994,000
-
25 · Other liabilities
beginning of year $3,804,020 · end of year $2,228,617
-
27 · Net assets without donor restrictions
beginning of year -$27,910,893 · end of year -$34,611,749
-
28 · Net assets with donor restrictions
beginning of year $80,551,785 · end of year $85,908,843
Mission and programs · 2023
Mission
LORAS, AS A CATHOLIC LIBERAL ARTS COLLEGE, CREATES A COMMUNITY OF ACTIVE LEARNERS, REFLECTIVE THINKERS, ETHICAL DECISION MAKERS AND RESPONSIBLE CONTRIBUTORS IN DIVERSE PROFESSIONAL, SOCIAL AND RELIGIOUS ROLES.
Activities or mission (Part I)
EDUCATION
-
SCHOLARSHIPS AND GRANTS TO STUDENTS.
Expenses $25,507,704 · Grants $25,507,704
-
INSTRUCTION AND ACADEMIC SUPPORT PROVIDED TO FULL AND PART TIME STUDENTS (1,177 FULL TIME EQUIVALENT STUDENTS).
Expenses $14,706,922 · Revenue $42,072,051
-
STUDENT SERVICES, INCLUDING STUDENT DEVELOPMENT, INTERCOLLEGIATE ATHLETICS AND OTHER SERVICES.
Expenses $11,545,752 · Revenue $3,910,534
-
OTHER PROGRAM SERVICES INCLUDE AUXILIARY PROGRAMS SUCH AS HOUSING AND FOOD SERVICE, RESEARCH, PUBIC SERVICE AND INSTITUTIONAL SUPPORT.
Expenses $12,173,393 · Revenue $5,866,474
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James E CollinsJAMES E COLLINS
PRESIDENT
- Total calculated
- $427,320
- From this org
- $380,783
- From related orgs
- $0
- Other
- $46,537
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $377,907
- Bonus
- $0
- Other
- $2,876
- Deferred
- $23,158
- Nontaxable benefits
- $23,379
- Filer's total
- $427,320
-
Most Rev Arch Thomas ZinkulaMOST REV ARCH THOMAS ZINKULA
CHANCELLOR, REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Bishop Richard Pates InterimBISHOP RICHARD PATES INTERIM
CHANCELLOR, REGENT - OUTGOING
- Total calculated
- $0
- Hours/week
- 1
-
Richard ScaliseRICHARD SCALISE
CHAIR, REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Mary MeehanMARY MEEHAN
VICE CHAIR, REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Timothy SutherTIMOTHY SUTHER
VICE CHAIR, REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Steve SloanSTEVE SLOAN
SECRETARY, REGENT
- Total calculated
- $0
- Hours/week
- 1
-
David MeyersDAVID MEYERS
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Gene MurphyGENE MURPHY
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Joseph SchieslJOSEPH SCHIESL
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Luis AcostaLUIS ACOSTA
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Mark CloghessyMARK CLOGHESSY
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Mark MoloMARK MOLO
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Michael RiceMICHAEL RICE
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Milan VuckovicMILAN VUCKOVIC
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Msgr John EnzlerMSGR JOHN ENZLER
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Natalie HoffmannNATALIE HOFFMANN
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Rev Msgr James BartaREV MSGR JAMES BARTA
REGENT - OUTGOING
- Total calculated
- $0
- Hours/week
- 1
-
Rich ClaytonRICH CLAYTON
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Sarah SquiresSARAH SQUIRES
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Siobhan O'Connor HartsellSIOBHAN O'CONNOR HARTSELL
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Stephen SchlegelSTEPHEN SCHLEGEL
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Tom TaukeTOM TAUKE
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Wendy SchrunkWENDY SCHRUNK
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
William GlynnWILLIAM GLYNN
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Theresa HoffmanTHERESA HOFFMAN
REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Margaret TungsethMARGARET TUNGSETH
TREASURER
- Total calculated
- $198,187
- From this org
- $169,656
- From related orgs
- $0
- Other
- $28,531
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,192
- Bonus
- $0
- Other
- $1,464
- Deferred
- $11,900
- Nontaxable benefits
- $16,631
- Filer's total
- $198,187
-
Donna HealdDONNA HEALD
VP FOR ACADEMIC AFFAIRS
- Total calculated
- $188,952
- From this org
- $164,568
- From related orgs
- $0
- Other
- $24,384
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,752
- Bonus
- $0
- Other
- $816
- Deferred
- $11,638
- Nontaxable benefits
- $12,746
- Filer's total
- $188,952
-
Mary Ellen CarrollMARY ELLEN CARROLL
SENIOR VICE PRESIDENT
- Total calculated
- $57,810
- From this org
- $45,773
- From related orgs
- $0
- Other
- $12,037
- Hours/week
- 40
-
Arthur SunleafARTHUR SUNLEAF
VP FOR STUDENT DEVELOPMENT
- Total calculated
- $157,500
- From this org
- $126,051
- From related orgs
- $0
- Other
- $31,449
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $125,451
- Bonus
- $0
- Other
- $600
- Deferred
- $9,318
- Nontaxable benefits
- $22,131
- Filer's total
- $157,500
-
Scott McClureSCOTT MCCLURE
VP FOR INSTITUTIONAL ADV
- Total calculated
- $139,224
- From this org
- $121,100
- From related orgs
- $0
- Other
- $18,124
- Hours/week
- 40
-
Josh BootsJOSH BOOTS
VP FOR INSTITUTIONAL ADV
- Total calculated
- $28,152
- From this org
- $26,054
- From related orgs
- $0
- Other
- $2,098
- Hours/week
- 40
-
Craig SchaeferCRAIG SCHAEFER
DIRECTOR OF TV STUDIO
- Total calculated
- $298,710
- From this org
- $266,819
- From related orgs
- $0
- Other
- $31,891
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $266,588
- Bonus
- $0
- Other
- $231
- Deferred
- $5,295
- Nontaxable benefits
- $26,596
- Filer's total
- $298,710
-
Tom KruseTOM KRUSE
CHIEF INFORMATION & BUDGET OFFICER
- Total calculated
- $129,527
- From this org
- $113,454
- From related orgs
- $0
- Other
- $16,073
- Hours/week
- 40
-
Rennie RootRENNIE ROOT
ASSOCIATE VP OF FINANCE
- Total calculated
- $122,725
- From this org
- $108,486
- From related orgs
- $0
- Other
- $14,239
- Hours/week
- 40
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
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 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)
- PART I, LINE 1A
- THE HOUSING ALLOWANCE ACCOUNT FOR AN EMPLOYEE IS PART OF THE NORMAL TAXABLE WAGES PAID TO THE EMPLOYEE AND IS INCLUDED AS PART OF THE EMPLOYEE'S TAXABLE INCOME.
- PART I, LINE 4A
- MARY ELLEN CARROLL AND SCOTT MCCLURE BOTH RECEIVED SEVERANCE PAY DURING THE FISCAL YEAR.
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
PERPETUAL TRUSTS (1)
T · CHARITABLE TRUST · IA
-
CHARITABLE REMAINDER UNITRUST (3)
T · CHARITABLE TRUST · IA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511049349302251
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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