Loyola University New Orleans

Legal name: Loyola University

Nonprofit profile at a glance

EIN
720408946
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
New Orleans, LA, USA
Phone
5048653960
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
University or Technological Institute
Affiliation
Christianity

Official website

Reported finances

Revenue
$225,282,245
Expenses
$222,856,978
Assets
$721,542,172
Liabilities
$373,411,026

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

47 people listed

Executive titles in this filing

  • Xavier Cole (President)
  • Alicia Bourque (Vice President Student Affairs)
  • Anthony Jones (Vice President Enrollment Management)

Highest reported compensation

  • Xavier Cole (President): $502,477 total reported compensation
  • Carol Markowitz (SVP/Chief Operating Officer): $477,752 total reported compensation
  • Madeline Landrieu (Dean of College of Law): $326,701 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Loyola University New Orleans is a Jesuit Catholic university that educates students in the liberal arts tradition, fostering intellectual, spiritual, and personal growth, and preparing them for lives of service and leadership.

What it reported doing in 2024

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.

Operating model

Revenue model
Earned-program. 89% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 50% for direct work, and 50% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 63
  • Accountability: 96
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.7%; rating input score 91
  • Program expense ratio: 87.2%; rating input score 87
  • Fundraising efficiency: $5.68 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.1%; rating input score 93; 43rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.1%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 3.24; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.52; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 2.1%; rating input score 54; 54th percentile among comparable filings

Growth

  • Program expense growth: 2.5% per year; rating input score 100; 18th percentile among comparable filings
  • Revenue growth: 1.9% per year; rating input score 100; 13th percentile among comparable filings
  • Asset growth: 1.8% per year; rating input score 100; 14th percentile among comparable filings

Details

  • What they do: 2 operating locations identified
  • Where the money goes: 90.7% of revenue deployed · 87.2% of spending went to programs
  • Governance: 27 of 29 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $194.4M in reported program spending
  • Leadership: top reported pay $502K · 47 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $68.6M reported
  • Consistency: 49 of 49 current checks pass
  • Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 19 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 25/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
  • Review — Sustainability: Officer compensation ratio scored 54/100.