Loyola University of Chicago

Nonprofit profile at a glance

EIN
361408475
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2021
Location
Chicago, IL, USA
Phone
3129157676
Rating
84
Verdict
STRONG
Rating confidence
Standard
Sector
University or Technological Institute
Affiliation
Christianity

Official website

Reported finances

Revenue
$1,058,054,182
Expenses
$1,021,633,063
Assets
$2,659,342,410
Liabilities
$351,878,230

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

Leadership & pay

63 people listed

Executive titles in this filing

  • MARK C REED (PRESIDENT)

Highest reported compensation

  • CARLTON VALENTINE (HEAD MEN'S BASKETBALL COACH): $1,360,375 total reported compensation
  • MARK C REED (PRESIDENT): $1,202,923 total reported compensation
  • SAM MARZO (DEAN, STRITCH SCHOOL OF MEDICINE): $805,031 total reported compensation

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

Overview

Mission

We are chicago's jesuit, catholic university - a diverse community seeking god in all things and working to expand knowledge in the service of humanity through learning, justice, and faith.

What it reported doing in 2024

HIGHER EDUCATION: LOYOLA UNIVERSITY CHICAGO EDUCATED APPROXIMATELY 12,500 UNDERGRADUATE & 4,800 GRADUATE & PROFESSIONAL STUDENTS FOR THE FALL 2024 TERM. 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. THE QUINLAN SCHOOL OF BUSINESS CONTINUES TO BE RANKED AS THE NUMBER 1 UNDERGRADATE BUSINESS PROGRAM IN CHCAGO BY U.S. NEWS & WORLD REPORT RANKINGS. SIMILARLY, THE MARCELLA NIEHOFF SCHOOL OF NURSING BACHELOR OF SCIENCE PROGRAM IS RANKED IN THE TOP 2 PERCENT OF UNDERGRADUATE NURSING PROGRAMS NATIONWIDE. At the graduate and professional levels, Loyola delivers a high-quality education defined by excellence, innovation, justice, and leadership. The university comprises 13 schools and colleges, along with numerous institutes and centers.

Operating model

Revenue model
Other-operating. 89% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 63% for direct work, and 37% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 76
  • Accountability: 98
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.1%; rating input score 90
  • Program expense ratio: 89.8%; rating input score 90
  • Fundraising efficiency: $5.48 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Pass
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Limited
    • Conducts site visits: Limited
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 97.3%; rating input score 97; 53rd 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: 3.4%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 2.6; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 78; 78th percentile among comparable filings
  • Officer compensation ratio: 1.2%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: 4.2% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: 3.8% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: 3.3% per year; rating input score 100; 22nd percentile among comparable filings

Details

  • Where the money goes: 90.1% of revenue deployed · 89.8% of spending went to programs
  • Governance: 36 of 37 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $917.2M in reported program spending
  • Leadership: top reported pay $1.4M · 63 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $70.1M reported
  • Consistency: 47 of 47 current checks pass
  • Schedules: 12 filed schedules · includes foreign activity, grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 87 filed money-flow records
  • Related organizations: 66 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Financial Efficiency: Fundraising efficiency scored 23/100.
  • Review — Sustainability: Operating margin scored 50/100.