Lourdes University
- Assets
- $53.5m
- Revenue
- $38.6m
- Investments
- $0.0
- Employees
- 569
- Location
- Sylvania, OH
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 34-1226547
Organization Overview
Lourdes University is located in Sylvania, OH. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Lourdes University employed 569 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lourdes University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Lourdes University generated $38.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $41.2m during the year ending 06/2021. While expenses have increased by 3.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOURDES UNIVERSITY, ROOTED IN CATHOLIC AND FRANCISCAN TRADITIONS, PROVIDES A VALUES-CENTERED EDUCATION THAT ENRICHES LIVES AND ADVANCES ACADEMIC EXCELLENCE.
Describe the Organization's Program Activity:
HIGHER EDUCATION: 1,112 UNDERGRADUATE STUDENTS ENROLLED: BACHELORS DEGREES ARE OFFERED IN MAJORS INCLUDING ART, HISTORY, ENGLISH, MUSIC, PHILOSOPHY, BIOLOGY, THEOLOGICAL STUDIES, BUSINESS, NURSING, SOCIOLOGY, SOCIAL WORK, AND LIBRARY STUDIES. 200 GRADUATE STUDENTS ENROLLED: MASTERS DEGREES ARE OFFERED IN NURSING, NURSE ANESTHESIA, BUSINESS, THEOLOGICAL STUDIES, AND ORGANIZATIONAL LEADERSHIP.
HIGHER EDUCATION: STUDENT SERVICES ARE OFFERED IN THE AREAS OF ADMISSIONS, FINANCIAL AID COUNSELING, CAMPUS MINISTRY, LEARNING RESOURCES, CAREER SERVICES, ATHLETICS FINANCIAL ASSISTANCE, DISABILITY SERVICES, PERSONAL COUNSELING, AND RESIDENTIAL LIFE.
HIGHER EDUCATION: THE FRANCISCAN CENTER IS A CONFERENCE CENTER WHICH EXTENDS THE SOCIAL AND EDUCATION MINISTRIES OF THE SISTERS OF SAINT FRANCIS BY PRESENTING CULTURAL AND PERFORMING ARTS, EDUCATION PROGRAMMING, AND EXTENDING ADMINISTRATIVE AND TECHNICAL HOSPITALITY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ann Gawelek President | OfficerTrustee | 40 | $257,042 |
Susan Rawson Director Nap | 40 | $178,187 | |
Sandra Greniewicki Dean College Of Nursing | 40 | $147,231 | |
Howard Brown Assistant Director Nap | 40 | $128,666 | |
Terry Keller Dean Of College Social Work | Officer | 40 | $125,214 |
Heidi Shank Dnp Director | 40 | $107,558 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Getaway Tours Charters Student Transportati | 6/29/21 | $125,916 |
Sinclair Broadcast Group Advertising | 6/29/21 | $108,355 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,263 |
| Related organizations | $2,997,002 |
| Government grants | $4,668,999 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,334,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,061,510 |
| Total Program Service Revenue | $29,015,232 |
| Investment income | $396,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,654 |
| Net Gain/Loss on Asset Sales | $108,859 |
| Net Income from Fundraising Events | -$8,658 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,568,950 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,320,477 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $882,477 |
| Compensation of current officers, directors, key employees. | $158,098 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,171,204 |
| Pension plan accruals and contributions | $234,727 |
| Other employee benefits | $2,583,688 |
| Payroll taxes | $793,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,658 |
| Fees for services: Accounting | $50,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,668 |
| Fees for services: Other | $2,433,681 |
| Advertising and promotion | $749,520 |
| Office expenses | $645,504 |
| Information technology | $144,614 |
| Royalties | $0 |
| Occupancy | $5,120,528 |
| Travel | $517,943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,442 |
| Interest | $528,152 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,082,892 |
| Insurance | $356,960 |
| All other expenses | $0 |
| Total functional expenses | $41,249,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100 |
| Savings and temporary cash investments | $4,447,191 |
| Pledges and grants receivable | $956,198 |
| Accounts receivable, net | $2,328,708 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $716,486 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $896,244 |
| Net Land, buildings, and equipment | $26,519,447 |
| Investments—publicly traded securities | $17,519,233 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,762 |
| Total assets | $53,479,369 |
| Accounts payable and accrued expenses | $2,504,815 |
| Grants payable | $0 |
| Deferred revenue | $4,697,328 |
| Tax-exempt bond liabilities | $10,584,059 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,483,108 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $504,215 |
| Total liabilities | $23,273,525 |
| Net assets without donor restrictions | $16,055,780 |
| Net assets with donor restrictions | $14,150,064 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $53,479,369 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Lourdes University has recieved totaling $280,003.
| Awarding Organization | Amount |
|---|---|
Toledo Community Foundation Toledo, OH PURPOSE: ANNUAL FUNDRAISER SUPPORT, FUELING A TEACHER OF COLOR PIPELINE, DAY OF GIVING (5-6-2021), COMPETENCY BASED EDUCATION, YEAR END APPEAL, LIKE ME, 2021 ANNUAL FUND, GENERAL SUPPORT, TEACHER PIPELINE PROJECT, LOURDES MAGLIOCHETTI LEADERSHIP SUMMIT TABLE SPONSORSHIP-2021, SPECIAL EDUCATION MASTERS PROGRAM, TEACHER OF COLOR PROGRAM, CAMPUS MINISTRYFILL THE FREEZER EVENT | $111,223 |
Lavalley Foundation Sylvania, OH PURPOSE: DONEE'S EXEMPT PURPOSES | $50,000 |
The Robert E & Rosemary Price Foundation Inc Detroit, MI PURPOSE: EDUCATIONAL FOR COLLEGES | $44,925 |
Landman-Goldman Foundation Maumee, OH PURPOSE: GENERAL | $20,000 |
The O-I Charities Foundation Perrysburg, OH PURPOSE: CHARITABLE SUPPORT | $10,000 |
Bon Secours Mercy Health Foundation Cincinnati, OH PURPOSE: Program Support | $10,000 |
Endowment Analysis
| Beg. Balance | $8,530,811 |
| Earnings | $2,119,262 |
| Admin Expense | $9,146 |
| Net Contributions | $185,576 |
| Other Expense | $183,423 |
| Grants | $305,794 |
| Ending Balance | $10,337,286 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Albion College Albion, MI | $280,606,342 | $106,439,083 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Ohio Wesleyan University Delaware, OH | $522,945,081 | $119,149,215 |
Trine University Inc Angola, IN | $221,741,150 | $121,889,140 |
Kalamazoo College Kalamazoo, MI | $383,146,506 | $96,754,584 |
Saint Marys College Notre Dame, IN | $523,384,557 | $143,002,673 |
Lebanon Valley College Annville, PA | $214,348,628 | $104,612,783 |
Taylor University Upland, IN | $297,240,119 | $122,251,609 |
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |