Civic Intelligence

Loyola Press

990 • Fiscal year 2019 • EIN 32-0477771

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 03, 2020

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

41st percentile

0.15x

Higher debt load relative to assets than 41% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

52nd percentile

0.32x

Higher debt load relative to revenue than 52% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

14th percentile

-13%

Higher net margin than 14% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

57th percentile

$280,193

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

29th percentile

-0.5%

Faster asset growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

-10%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Down

$33,700,212

Down $168,721 (-0.5%) from 2018

Net Assets

Down

$28,549,153

Down $1,736,880 (-5.7%) from 2018

Liabilities

Up

$5,151,059

Up $1,568,159 (+44%) from 2018

Revenue

Down

$16,282,539

Down $1,874,627 (-10%) from 2018

Expenses

Up

$18,424,861

Up $2,307,347 (+14%) from 2018

Net Income

Down

-$2,142,322

Down $4,181,974 (-205%) from 2018

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

2019

Assets$33,700,212
Liabilities$5,151,059
Net Assets$28,549,153

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

2019

Revenue$16,282,539
Expenses$18,424,861
Net Income-$2,142,322
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 3, 2020
Return Version
2018v3.2
Gross Receipts
$24,222,216
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$19,789,678$21,322,174▲ $1,532,496
Inventories for Sale or Use$3,852,798$4,496,362▲ $643,564
Accounts Receivable$4,746,523$4,459,045▼ $287,478
Savings and Temporary Cash Investments$3,872,750$1,836,304▼ $2,036,446
Prepaid Expenses and Deferred Charges$433,259$671,592▲ $238,333
Land, Buildings, and Equipment, Net$985,390$661,778▼ $323,612
Cash and Non-Interest-Bearing Accounts$1,257$883▼ $374
Total Assets$33,868,933$33,700,212▼ $168,721
Other Assets Total$187,278$252,074▲ $64,796
Liabilities
Accounts Payable and Accrued Expenses$2,727,972$3,443,718▲ $715,746
Unsecured Notes Loans Payable-$910,000-
Other Liabilities$845,278$792,255▼ $53,023
Deferred Revenue$9,650$5,086▼ $4,564
Total Liabilities$3,582,900$5,151,059▲ $1,568,159
Net Assets / Fund Balance
Unrestricted Net Assets$30,286,033$28,549,153▼ $1,736,880
Total Net Assets Fund Balance$30,286,033$28,549,153▼ $1,736,880
Total Liabilities and Net Assets / Fund Balance$33,868,933$33,700,212▼ $168,721

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$217,797$1,960,047$2,177,844
Other Land Buildings$0$785,522$785,522
Leasehold Improvements$443,981$150,075$594,056
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terence K BrennanDirector and Chief FinanciFT$246,581$33,612$280,193
Joellyn CicciarelliDirector and PresidentFT$229,755$36,008$265,763
Laura TreleaseVP, Sales and MarketingFT$172,098$21,127$193,225
Mike WincekDirector, Technology ServiFT$144,705$36,680$181,385
Kimberly SkalmanControllerFT$144,404$36,703$181,107
Santiago Cortes-sjobergVP, New Product DevelopmenFT$149,248$17,435$166,683
Raymond IvesIt Business Relationship ManagerFT$107,873$23,355$131,228
Carrie FreyerDirector, Trade MarketingFT$104,065$16,827$120,892

Highest Paid Contractors

ContractorServicesLocationCompensation
FablevisionDeveloper308 CONGRESS STREET 6TH FLOOR, Boston, MA 02110$336,000
Revenue and Support

Revenue Composition

Contributions and Grants
$750
Program Service Revenue
$810,638
Investment Income
$535,037
Other Revenue
$14,936,114
All Other Contributions
$750
Change in Net Assets
$-2,142,322

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,149,959
Revenue Not Reported on Financial Statements
$132,580
Revenue Not Reported on Form 990
$760,918
Total Revenue per Audited Statements
$16,910,877
Total Revenue per Form 990
$16,282,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,693,345
Other Expenses$8,577,023
Grants and Similar Amounts Paid$154,493
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,102,845$1,709,419-$6,812,264
Fees for Services Other$2,115,334$634,386-$2,749,720
Office Expenses$24,604$950,729-$975,333
Advertising$937,629--$937,629
Current Officers, Directors, Trustees, and Key Employees$392,588$481,065-$873,653
Other Employee Benefits$590,135$252,571-$842,706
Information Technology-$836,824-$836,824
Travel$572,507$230,571-$803,078
Pension Plan Contributions$348,696$287,873-$636,569
Payroll Taxes$388,513$139,640-$528,153
Conferences and Meetings$429,219--$429,219
Depreciation Depletion$291,530$82,284-$373,814
Grants to Domestic Orgs$147,911--$147,911
Fees for Service Investment Mgmnt Fees-$132,580-$132,580
Fees for Services Accounting-$121,444-$121,444
Fees for Services Legal-$111,112-$111,112
Insurance-$97,657-$97,657
Interest-$95,269-$95,269
All Other Expenses$19,784$49,619-$69,403
Other Expenses$293,421$7,199-$7,199
Foreign Grants$6,582--$6,582
Total Functional Expenses$12,139,893$6,284,968$0$18,424,861

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,647,757
Total Expenses per Form 990$18,424,861
Expenses per Audited Statements$18,292,281
Expenses Not Reported on Form 990$355,476
Expenses Not Reported on Financial Statements$132,580
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United States Conference of Catholic BishopsWashington Dc, DC501(c)(3)V Encuentro Sponsorship$35,000
Chicago Jesuit AcademyChicago, IL501(c)(3)Fundraising Event Sponsor$10,000
National Catholic Association of Diocesan Directors for Hispanic MinistrySaint Paul, MN501(c)(3)Scholarship Support Program$8,000

International Summary

Offices
0
Employees
0
Spending
$6,582

International Compliance

Foreign grant records maintained
No
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

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeGrants to Recipients in Region-00$6,582
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$792,255
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 2

There is a family relationship between one board member and another board member via marriage.

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 11B

The form 990 will be reviewed for accuaracy and compliance with pertinent rules and regulations with the board of directors and 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 board of directors. An outside firm, prm consulting group, inc., conducts a market comparability review and internal consistency across departments and positions. 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 K Brennan
Title
Chief Financial Officer
Phone
7732811818
Signed
2020-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terence K Brennan
Formed
2015
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
14
Employees
100
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
1301 WEST 22ND STREET SUITE 1100, OAK BROOK, IL 60523
Preparer
James R Thomas
Phone
6305738600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Administrative support - temporary: program service expenses 21,645. Management and general expenses 59,685. Fundraising expenses 0. Total expenses 81,330. Editorial, production, and design services: program service expenses 1,809,068. Management and general expenses 47. Fundraising expenses 0. Total expenses 1,809,115. Professional staff development and training: program service expenses 26,493. Management and general expenses 105,322. Fundraising expenses 0. Total expenses 131,815. Payroll processing and benefits administration: program service expenses 0. Management and general expenses 64,722. Fundraising expenses 0. Total expenses 64,722. Human resource management: program service expenses 0. Management and general expenses 125,013. Fundraising expenses 0. Total expenses 125,013. Business development and lead acquisition: program service expenses 107,240. Management and general expenses 0. Fundraising expenses 0. Total expenses 107,240. Technology consulting: program service expenses 0. Management and general expenses 185,965. Fundraising expenses 0. Total expenses 185,965. Market research: program service expenses 150,888. Management and general expenses 3,796. Fundraising expenses 0. Total expenses 154,684. Other management consulting: program service expenses 0. Management and general expenses 89,836. Fundraising expenses 0. Total expenses 89,836.

Line 23 Explanation

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.

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 2D - OTHER ADJUSTMENTS:

Fixed asset disposal gain/loss included in revenues on 990 8,476.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fixed asset disposal gain/loss included in revenues on 990 8,476.

Raw XML AppendixShowing 400 of 733 raw XML fields

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2117435
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2223355
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IRS990/Form990PartVIISectionAGrp/PersonNm1DANIEL CONSIDINE
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IRS990/Form990PartVIISectionAGrp/PersonNm3TERENCE K BRENNAN
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IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL BOYLE PHD
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IRS990/Form990PartVIISectionAGrp/PersonNm17LAURA TRELEASE
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IRS990/Form990PartVIISectionAGrp/PersonNm22RAYMOND IVES
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR AND CHIEF FINANCI
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR AND PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP, SALES AND MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR, TRADE MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR, TECHNOLOGY SERVI
IRS990/Form990PartVIISectionAGrp/TitleTxt20CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP, NEW PRODUCT DEVELOPMEN
IRS990/Form990PartVIISectionAGrp/TitleTxt22IT BUSINESS RELATIONSHIP MANAGER
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