LOYOLA UNIVERSITY

EIN: 720408946 501(c)(3)

New Orleans, LA

Total Revenue
$216,803,772
Total Expenses
$221,574,141
Total Assets
$708,940,262
Net Assets
$339,894,351
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Financial Trends

Organization Details

Formation Year
1912
Legal Domicile
LA
Principal Officer
Stuart M Gay
Phone
5048653960
Tax Period
2023-08-01 to 2024-07-31

LOYOLA UNIVERSITY is a 501(c)(3) with EIN 720408946, based in New Orleans, LA. Founded in 1912, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $216,803,772 in total revenue and $221,574,141 in total expenses, with net assets of $339,894,351.

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.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,864,843
Program Service Revenue $189,858,095
Investment Income $14,901,665
Other Revenue $179,169
TOTAL REVENUE $216,803,772

Expense Breakdown

Grants Paid $99,733,556
Salaries & Benefits $66,399,130
Fundraising Expenses $3,045,374
Program Expenses $195,294,493
Other Expenses $55,441,455
TOTAL EXPENSES $221,574,141

Year-over-Year Comparison

2023 2022 Change
Revenue $216,803,772 $209,192,889 +0.0%
Expenses $221,574,141 $209,138,590 +0.1%
Net Income $-4,770,369 $54,299 -88.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
27
Independent Members
25
Employees
2164
Volunteers
185

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$402,228
Total Directors
23
$0
Key Employees
10
$2,955,559
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeffrey Daffron SJ Interim President/Interim Provost 40
Key Emp
$345,000 $91,425 $436,425
Xavier Cole President 40
Officer
$374,654 $27,574 $402,228
Carol Markowitz SVP of Finance/Chief Operating Officer 40
Key Emp
$365,428 $33,862 $399,290
Michael Capella Dean College of Business 40
Key Emp
$309,658 $36,482 $346,140
Madeleine Landrieu Dean College of Law 40
Key Emp
$311,431 $21,032 $332,463
Paul Cesarini Dean Online & City College 40
Key Emp
$240,763 $79,301 $320,064
Michelle Collins Dean College of Nursing and Health 40
Key Emp
$257,748 $35,528 $293,276
Mary Algero Professor of Law 40
Highest
$194,709 $85,252 $279,961
Maria Lopez Pabon Professor of Law 40
Highest
$223,209 $34,072 $257,281
Maria Calzada Dean, College of Arts and Sciences 40
Key Emp
$198,729 $31,095 $229,824
Robert Verchick Professor of Law 40
Highest
$195,125 $33,566 $228,691
Christopher Wiseman Vice President University Advancement 40
Key Emp
$195,122 $20,386 $215,508
Sharonda Williams Vice President, General Counsel and Director of Government Affairs 40
Highest
$194,025 $20,356 $214,381
Tanuja Singh Provost 40
Key Emp
$187,192 $17,293 $204,485
Gustavo Barboza Professor, College of Business 40
Highest
$180,253 $14,076 $194,329
Sheryl Kennedy Haydel Interim Dean, College of Music and Media 40
Key Emp
$152,242 $25,842 $178,084
Michael Bell Board Member 1
Director
$0 $0 $0
Michie Bissel Board Member 1
Director
$0 $0 $0
John Brown SJ Board Member 1
Director
$0 $0 $0
Rev John Cecero SJ Board Member 1
Director
$0 $0 $0
Rev Thomas Curran SJ Board Member 1
Director
$0 $0 $0
Brian Dunkle SJ Board Member 1
Director
$0 $0 $0
Benjamin Fields Board Member 1
Director
$0 $0 $0
Rev Michael Garanzini SJ Board Member 1
Director
$0 $0 $0
Joe George Board Member 1.00
Director
$0 $0 $0
Nancy Hairston Board Member 1
Director
$0 $0 $0
Morton Katz Board Member 1
Director
$0 $0 $0
Stephen Kent Board Member 1
Director
$0 $0 $0
Dennis Lauscha Board Member 1
Director
$0 $0 $0
Rev Brian Linnane SJ Board Member 1.00
Director
$0 $0 $0
Greg Rattler Board Member 1
Director
$0 $0 $0
Scott Rodger Board Member 1
Director
$0 $0 $0
Leah Schlater-Brown Board Member 1
Director
$0 $0 $0
Jared Schoch Board Member 1
Director
$0 $0 $0
Leo Seonae Board Member 1
Director
$0 $0 $0
Michael Skehan Board Member 1
Director
$0 $0 $0
Tod Smith Board Member 1
Director
$0 $0 $0
Stephanie Stokes Board Member 1.0
Director
$0 $0 $0
Duke Williams Board Member 1
Director
$0 $0 $0
Robert LeBlanc Chair 1
Officer
$0 $0 $0
Ryan Haas Vice-Chair 1
Officer
$0 $0 $0
Rev Gregory Waldrop SJ Secretary/Treasurer 40
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $216,803,772 $221,574,141 $708,940,262 $-4,770,369
2023 $209,192,889 $209,138,590 $685,229,721 $54,299
2022 $211,887,950 $205,626,594 $541,656,000 $6,261,356
2021 $193,330,679 $190,525,142 $562,509,416 $2,805,537
2020 $180,729,254 $180,919,967 $507,723,751 $-190,713
2019 $184,778,823 $170,748,742 $515,765,291 $14,030,081
2018 $172,283,157 $172,062,909 $527,596,180 $220,248
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