Civic Intelligence

Loyola Press

990 • Fiscal year 2016 • EIN 32-0477771

Oct 01, 2015 to Sep 30, 2016 • Filed on Aug 14, 2017

3441 North Ashland AvenueChicago, IL 60657

(773) 281-1818

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.11x

Higher debt load relative to assets than 32% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

35th percentile

0.19x

Higher debt load relative to revenue than 35% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

53rd percentile

3.0%

Higher net margin than 53% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

82nd percentile

$470,608

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$28,270,633

No earlier filing loaded for comparison.

Net Assets

$25,108,209

No earlier filing loaded for comparison.

Liabilities

$3,162,424

No earlier filing loaded for comparison.

Revenue

$16,961,885

No earlier filing loaded for comparison.

Expenses

$16,444,987

No earlier filing loaded for comparison.

Net Income

$516,898

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2016: $28,270,633Liabilities 2016: $3,162,424Net Assets 2016: $25,108,2092016Assets 2017: $33,224,128Liabilities 2017: $5,135,775Net Assets 2017: $28,088,3532017Assets 2018: $33,868,933Liabilities 2018: $3,582,900Net Assets 2018: $30,286,0332018Assets 2019: $33,700,212Liabilities 2019: $5,151,059Net Assets 2019: $28,549,1532019Assets 2020: $32,001,443Liabilities 2020: $7,781,714Net Assets 2020: $24,219,7292020Assets 2021: $31,294,817Liabilities 2021: $4,030,602Net Assets 2021: $27,264,2152021Assets 2022: $28,985,694Liabilities 2022: $5,463,199Net Assets 2022: $23,522,4952022Assets 2023: $33,012,073Liabilities 2023: $6,486,631Net Assets 2023: $26,525,4422023Assets 2024: $35,057,935Liabilities 2024: $7,061,701Net Assets 2024: $27,996,2342024

Highlighted filing

2016

Assets$28,270,633
Liabilities$3,162,424
Net Assets$25,108,209

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2016: $16,961,885Expenses 2016: $16,444,987Net Income 2016: $516,8982016Revenue 2017: $19,199,495Expenses 2017: $15,530,210Net Income 2017: $3,669,2852017Revenue 2018: $18,157,166Expenses 2018: $16,117,514Net Income 2018: $2,039,6522018Revenue 2019: $16,282,539Expenses 2019: $18,424,861Net Income 2019: -$2,142,3222019Revenue 2020: $12,585,917Expenses 2020: $17,766,231Net Income 2020: -$5,180,3142020Revenue 2021: $18,156,892Expenses 2021: $16,211,201Net Income 2021: $1,945,6912021Revenue 2022: $16,180,477Expenses 2022: $16,058,073Net Income 2022: $122,4042022Revenue 2023: $20,463,996Expenses 2023: $17,969,987Net Income 2023: $2,494,0092023Revenue 2024: $18,168,490Expenses 2024: $16,531,494Net Income 2024: $1,636,9962024

Highlighted filing

2016

Revenue$16,961,885
Expenses$16,444,987
Net Income$516,898
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Aug 14, 2017
Return Version
2015v3.0
Gross Receipts
$40,672,912
Mission and Program Overview

Mission

To perform religious, charitable, and educational activities in accordance with the teaching, history, and traditions of the roman catholic church and the mission and ministry of the society of jesus; to provide opportunities for catechetical and spiritual growth in the roman catholic tradition through ignatian spirituality; and for any other religious, charitable or educational purpose that is consistent with the mission.

To perform religious, charitable, and educational activities in accordance with the roman catholic church and the society of jesus.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,359,973$13,565,557▼ $6,794,416
Accounts Receivable$4,958,321$5,207,327▲ $249,006
Inventories for Sale or Use$4,804,945$4,954,616▲ $149,671
Savings and Temporary Cash Investments$7,675,249$2,787,699▼ $4,887,550
Land, Buildings, and Equipment, Net$1,348,709$1,331,890▼ $16,819
Prepaid Expenses and Deferred Charges$311,874$253,424▼ $58,450
Cash and Non-Interest-Bearing Accounts$1,662$863▼ $799
Total Assets$39,649,916$28,270,633▼ $11,379,283
Other Assets Total$189,183$169,257▼ $19,926
Liabilities
Accounts Payable and Accrued Expenses$3,502,449$2,275,265▼ $1,227,184
Other Liabilities$893,705$887,159▼ $6,546
Total Liabilities$4,396,154$3,162,424▼ $1,233,730
Net Assets / Fund Balance
Unrestricted Net Assets$35,253,762$25,108,209▼ $10,145,553
Total Net Assets Fund Balance$35,253,762$25,108,209▼ $10,145,553
Total Liabilities and Net Assets / Fund Balance$39,649,916$28,270,633▼ $11,379,283

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$320,132$1,670,524$1,990,656
Other Land Buildings$755,775$101,365$857,140
Leasehold Improvements$255,983$37,227$293,210
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Teresa LockePresident and VP, Sales and MarketingFT$355,016$115,592$470,608
Teresa LockePresident and VP, Sales and Marketin-$355,016-$355,016
Trudy WeiselVP, FINANCE AND OPERATIONS; SECRETARYFT$261,517$30,192$291,709
Trudy WeiselVP, FINANCE AND OPERATIONS; SECRETAR-$261,517-$261,517
Paul CampbellPublisherFT$214,654-$214,654
Bret ThomasDirector, Sales and Customer ServiceFT$150,015$25,060$175,075
Joellyn CicciarelliVP, New Product DevelopmentFT$156,196-$156,196
JUDINE O'SHEADirector, MarketingFT$136,002$19,550$155,552
Tom McgrathDirector, Trade Product DevelopmentFT$142,373-$142,373
Mike WincekDirector, Technology ServicesFT$123,743-$123,743
Kim SkalmanControllerFT$122,567-$122,567

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Hinshaw & CulberstonLegal Services8142 SOLUTIONS CENTER DRIVE, Chicago, IL 60677$111,841
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,053,428
Investment Income
$-633,379
Other Revenue
$16,541,836
Change in Net Assets
$516,898

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,956,978
Revenue Not Reported on Financial Statements
$4,907
Revenue Not Reported on Form 990
$1,667,549
Other Revenue Adjustments
$-32,566
Total Revenue per Audited Statements
$18,624,527
Total Revenue per Form 990
$16,961,885
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,090,848
Other Expenses$8,036,049
Grants and Similar Amounts Paid$318,090
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,344,351$944,884-$5,289,235
Fees for Services Other$2,562,262$182,449-$2,744,711
Office Expenses$405,635$798,332-$1,203,967
Current Officers, Directors, Trustees, and Key Employees$191,966$919,060-$1,111,026
Other Employee Benefits$621,759$162,463-$784,222
Advertising$731,058$392-$731,450
Travel$556,494$128,769-$685,263
Information Technology$4,574$492,172-$496,746
Pension Plan Contributions$255,822$232,598-$488,420
Payroll Taxes$322,107$95,838-$417,945
Conferences and Meetings$333,592--$333,592
Depreciation Depletion$178,083$48,210-$226,293
Grants to Domestic Orgs$169,948--$169,948
Foreign Grants$148,142--$148,142
Fees for Services Legal-$125,424-$125,424
Fees for Services Accounting-$88,578-$88,578
Insurance-$82,626-$82,626
Interest-$55,279-$55,279
Fees for Service Investment Mgmnt Fees-$37,473-$37,473
Other Expenses$530,225$31,819-$31,819
All Other Expenses-$1,737-$1,737
Total Functional Expenses$11,929,333$4,515,654$0$16,444,987

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$28,770,080
Total Expenses per Form 990$16,444,987
Expenses per Audited Statements$16,407,514
Expenses Not Reported on Form 990$12,362,566
Expenses Not Reported on Financial Statements$37,473
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United States Conference of Catholic BishipsWashington, DC501(c)(3)Sponsorship$35,000
CristoreyChicago, IL501(c)(3)Sponsorship$10,000
Santa Clara University TheocomSanta Clara, CA501(c)(3)Sponsorship$10,000
National Catholic Association of Diocesan Directors of Hispanic MinistryMishawaka, IN501(c)(3)Sponsorship$8,000
Archdiocese of Chicago Catholic CharitiesChicago, IL501(c)(3)Sponsorship$6,800
Chicago Jesuit AcademyChicago, IL501(c)(3)Charitable Contribution$5,000

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Royalties$887,159
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has a board of members. It is one class of members that are appointed by the provincial of the province. Each member shall be a member of the society of jesus in good standing.

Form 990, Part VI, Section A, Line 7A

The organization also has a board of directors that is elected or appointed by the board of members.

Form 990, Part VI, Section A, Line 7B

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.

Form 990, Part VI, Section B, Line 11

The form 990 will be reviewed for accuaracy and compliance with pertinent rules and regulations with the finance committee of the board of directors which includes the chief financial officer.

Form 990, Part VI, Section B, Line 15

Review and approval of management compensation is performed by the former ceo, former cfo and board chair. A salary assessor by economic research institute and three point consulting conducts a review and a letter is provided to the ceo. The same process is used to review and approve compensation of other officers and key employees.

Form 990, Part VI, Section C, Line 19

Organizational documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Loyola Press
EIN
32-0477771
Phone
7732811818
Address
3441 NORTH ASHLAND AVENUE, CHICAGO, IL 60657

Signing Officer

Name
Terence Brennan
Title
Chief Financial Officer
Phone
7732811818
Signed
2017-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terence Brennan
Formed
2015
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
11
Employees
98
Volunteers
13

Preparer

Firm
Cliftonlarsonallen Llp
Address
1301 W 22ND ST STE 1100, OAK BROOK, IL 60523
Preparer
Gregory S Adams
Phone
6305738600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Administrative support - temporary: program service expenses 0. Management and general expenses 48,608. Fundraising expenses 0. Total expenses 48,608. Editorial, production, and design services: program service expenses 2,529,462. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,529,462. Professional staff development and training: program service expenses 32,800. Management and general expenses 81,536. Fundraising expenses 0. Total expenses 114,336. Payroll processing and benefits administration: program service expenses 0. Management and general expenses 52,305. Fundraising expenses 0. Total expenses 52,305.

FORM 990, PART XI, LINE 9:

Transfer of assets to the usa midwest province of the society of jesus -12,000,000.

Financial Statement Notes

PART X, LINE 2:

Loyola is exempt from income taxes under section 501(c)(3) of the internal revenue code (irc). In addition, loyola qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2).

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on disposal of property and equipment -32,566.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Transfer of assets to the usa midwest province of the society of jesus 12,000,000. Loss on disposal of property and equipment 32,566.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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