Loyola Press

“The organization has a board of members. The board of members has three members that are appointed by the provincial of the midwest usa province of the society of jesus. Each member shall be a member in good standing of the society of jesus.”

“Each director, other than the president and publisher, who serve ex officio, shall be elected or appointed by the members.”

“The board of directors approves executive compensation, the annual budget, banking agreements, and any material unbudgeted expenditures. All members of the board of directors have equal voting rights.”

“The form 990 will be reviewed for accuracy and compliance with pertinent rules and regulations by the finance committee chair, chief financial officer, and board chair.”

“Board members, officers and key employees all sign confidentiality and conflict of interest statements acknowledging the responsibility to monitor and report any conflicts of interest. Loyola press relies on this acknowledgement. Should situations arise where there is a potential for conflicts of interest, the organization does proactively review.”

“Review and approval of management compensation is performed by the board of directors. An outside firm, prm consulting group, inc., conducted a market comparability review and internal consistency across departments and positions. Minutes of the board of directors record the deliberation and approval.”

“Organizational documents are made available upon request.”

“Editorial, production, and design services: program service expenses 1,268,184. Management and general expenses 12. Fundraising expenses 0. Total expenses 1,268,196. Market research, development, and lead acquisition: program service expenses 341,222. Management and general expenses 49. Fundraising expenses 0. Total expenses 341,271. Staff development and training: program service expenses 24,634. Management and general expenses 19,279. Fundraising expenses 0. Total expenses 43,913. Temporary help: program service expenses 3,525. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,525. Other consulting: program service expenses 3,423. Management and general expenses 129,887. Fundraising expenses 0. Total expenses 133,310. Payroll processing and benefits administration: program service expenses 0. Management and general expenses 32,997. Fundraising expenses 0. Total expenses 32,997. Hr and onboarding: program service expenses 0. Management and general expenses 22,917. Fundraising expenses 0. Total expenses 22,917.”

“Defined benefit plan withdrawal -2,218,837.”

“There is no change from the prior year. Oversight of the audit and selection of an independent accountant are performed by the board of directors or appropriate committees of the board.”