Loyola University Of Chicago
- Assets
- $2.5b
- Revenue
- $813.6m
- Investments
- $634.6m
- Employees
- 8,309
- Location
- Chicago, IL
- Founding
- 08/2007
- Data as of
- 06/2021
- EIN
- 36-1408475
Organization Overview
Loyola University Of Chicago is located in Chicago, IL. The organization was established in 2007. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Loyola University Of Chicago employed 8,309 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loyola University Of Chicago 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, Loyola University Of Chicago generated $813.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $780.1m during the year ending 06/2021. While expenses have increased by 2.0% 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.
Since 2015, Loyola University Of Chicago has awarded 377 individual grants totaling $20,651,394. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE'RE ONE OF THE NATION'S LARGEST JESUIT, CATHOLIC UNIVERSITIES WITH OVER 16,000 STUDENTS. WE WORK TO EXPAND KNOWLEDGE THROUGH LEARNING, JUSTICE, AND FAITH.
Describe the Organization's Program Activity:
HIGHER EDUCATION: LOYOLA UNIVERSITY CHICAGO EDUCATED APPROXIMATELY 11,600 UNDERGRADUATE & 5,300 GRADUATE & PROFESSIONAL STUDENTS. LOYOLA STRIVES TO DELIVER THE PREMIER UNDERGRADUATE EDUCATIONAL EXPERIENCE IN CHICAGO, CHARACTERIZED BY A TRANSFORMATIVE EXPERIENCE IN THE JESUIT TRADITION & A COMMITMENT TO THE UNDERSERVED. AT THE GRADUATE & PROFESSIONAL LEVELS, LOYOLA DELIVERS A HIGH-QUALITY EDUCATION THAT IS CHARACTERIZED BY EXCELLENCE, INNOVATION, JUSTICE, & LEADERSHIP. LUC IS HOME TO 15 SCHOOLS, COLLEGES, AND INSTITUTES.
RESEARCH: LOYOLA UNIVERSITY CHICAGO ENGAGES IN EXTERNALLY FUNDED RESEARCH PROJECTS PRIMARILY IN MEDICINE AND THE BASIC SCIENCES. THROUGH LOYOLA'S HEALTH SCIENCE CAMPUS AND PRIMARILY THROUGH THE STRITCH SCHOOL OF MEDICINE, THE UNIVERSITY IS FOCUSED ON THE DEVELOPMENT AND ADVANCEMENT OF MEDICAL KNOWLEDGE AS WELL AS THE TRAINING OF STUDENTS IN THE RESEARCH PROCESS.
HIGHER EDUCATION AUXILIARY SERVICES: LOYOLA UNIVERSITY CHICAGO PROVIDES VARIOUS GOODS AND SERVICES FOR THE BENEFIT OF ITS STUDENTS, FACULTY AND STAFF, AND IN SUPPORT OF EDUCATIONAL ACTIVITIES. SERVICES INCLUDE STUDENT HOUSING, FOOD SERVICE, BOOKSTORES, RECREATIONAL FACILITIES AND TRANSPORTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Porter Moser Men's Basketball Head Coach | 40 | $1,007,308 | |
Robert Kolb Prof., Quinlan School Of Bus. | 40 | $832,559 | |
Jo Ann Rooney President | OfficerTrustee | 40 | $826,780 |
Richard Cooper Prof., Parkinson School Of Hs | 40 | $688,064 | |
John Blum Professor, School Of Law | 40 | $656,510 | |
John Frendreis Prof., Dept Political Science | 40 | $646,365 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orbis Education Svcs Inc Program Management | 6/29/21 | $4,795,400 |
B Stromberg Construction Co Construction | 6/29/21 | $16,887,971 |
Power Construction Company Llc Construction | 6/29/21 | $21,980,786 |
Aramark Corporation Food Services | 6/29/21 | $7,190,643 |
The Millard Group Housekeeping | 6/29/21 | $8,988,384 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,905 |
| Related organizations | $195,594 |
| Government grants | $69,887,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,114,910 |
| Noncash contributions included in lines 1a–1f | $3,864,494 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,212,709 |
| Total Program Service Revenue | $691,025,298 |
| Investment income | $10,869,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $650,589 |
| Net Rental Income | $723,690 |
| Net Gain/Loss on Asset Sales | $15,602,170 |
| Net Income from Fundraising Events | -$3,543 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $813,555,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,326,987 |
| Grants and other assistance to domestic individuals. | $253,703,082 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,869,443 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,097,950 |
| Compensation of current officers, directors, key employees. | $6,345,512 |
| Compensation to disqualified persons | $165,688 |
| Other salaries and wages | $261,238,840 |
| Pension plan accruals and contributions | $11,379,447 |
| Other employee benefits | $24,851,470 |
| Payroll taxes | $18,593,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $258,320 |
| Fees for services: Accounting | $516,603 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $392,000 |
| Fees for services: Investment Management | $5,602,289 |
| Fees for services: Other | $25,554,204 |
| Advertising and promotion | $5,243,252 |
| Office expenses | $23,578,217 |
| Information technology | $11,578,335 |
| Royalties | $0 |
| Occupancy | $19,691,663 |
| Travel | $1,470,756 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,257,700 |
| Interest | $12,362,601 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,521,370 |
| Insurance | $4,318,309 |
| All other expenses | $5,536,573 |
| Total functional expenses | $780,105,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,069,305 |
| Savings and temporary cash investments | $96,128,719 |
| Pledges and grants receivable | $25,753,903 |
| Accounts receivable, net | $13,887,053 |
| Loans from Officers, Directors, or Controlling Persons | $81,020 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,920,176 |
| Inventories for sale or use | $15,514 |
| Prepaid expenses and deferred charges | $7,767,172 |
| Net Land, buildings, and equipment | $1,057,477,080 |
| Investments—publicly traded securities | $644,864,925 |
| Investments—other securities | $634,613,835 |
| Investments—program-related | $1,301,301 |
| Intangible assets | $0 |
| Other assets | $20,032,576 |
| Total assets | $2,523,912,579 |
| Accounts payable and accrued expenses | $60,407,476 |
| Grants payable | $0 |
| Deferred revenue | $43,021,489 |
| Tax-exempt bond liabilities | $83,359,074 |
| Escrow or custodial account liability | $1,819,529 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,015,199 |
| Unsecured mortgages and notes payable | $265,421,521 |
| Other liabilities | $67,530,115 |
| Total liabilities | $529,574,403 |
| Net assets without donor restrictions | $1,452,211,213 |
| Net assets with donor restrictions | $542,126,963 |
| 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 | $2,523,912,579 |
Grants Awarded
Over the last fiscal year, Loyola University Of Chicago has awarded $3,128,736 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
SISTERS OF CHARITY BVM PURPOSE: Sponsorship Donation | $500,000 |
Urbana, IL PURPOSE: Hepatitis C Research | $445,678 |
Princeton, NJ PURPOSE: Hepatitis D Research | $308,883 |
Chicago, IL PURPOSE: Hepatitis C Research | $221,762 |
CENTER FOR CURRICULUM ANALYSIS PURPOSE: Professional Learning Partnership | $142,125 |
La Jolla, CA PURPOSE: Urinary Research | $140,371 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Loyola University Of Chicago has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Kontogouris-Djokic Foundation Weston, CT PURPOSE: CIVIC | $25,000 |
Endowment Analysis
| Beg. Balance | $701,356,312 |
| Earnings | $234,617,258 |
| Admin Expense | $5,520,646 |
| Net Contributions | $17,039,881 |
| Other Expense | $11,415,401 |
| Grants | $7,375,289 |
| Ending Balance | $928,702,115 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Depaul University Chicago, IL | $1,757,707,866 | $903,291,560 |
Loyola University Of Chicago Chicago, IL | $2,523,912,579 | $813,555,821 |
Marquette University Milwaukee, WI | $1,675,810,000 | $679,500,550 |
Illinois Institute Of Technology Chicago, IL | $730,458,628 | $396,565,185 |
Butler University Indianapolis, IN | $771,199,903 | $355,703,084 |
Drake University Des Moines, IA | $538,166,489 | $252,974,293 |
Bradley University Peoria, IL | $712,945,458 | $238,646,085 |
The Lutheran University Association Inc Valparaiso, IN | $578,078,702 | $192,641,554 |
University Of Indianapolis Indianapolis, IN | $306,225,107 | $207,052,087 |
Webster University St Louis, MO | $393,134,797 | $161,315,329 |
Maryville University Of St Louis St Louis, MO | $289,038,391 | $183,271,161 |
Roosevelt University Chicago, IL | $461,911,353 | $160,424,797 |