Civic Intelligence

Loyola Press

990 • Fiscal year 2021 • EIN 32-0477771

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 09, 2022

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

40th percentile

0.13x

Higher debt load relative to assets than 40% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

45th percentile

0.22x

Higher debt load relative to revenue than 45% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

47th percentile

11%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

71st percentile

$347,439

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

15th percentile

-2.2%

Faster asset growth than 15% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

78th percentile

44%

Faster revenue growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Down

$31,294,817

Down $706,626 (-2.2%) from 2020

Net Assets

Up

$27,264,215

Up $3,044,486 (+13%) from 2020

Liabilities

Down

$4,030,602

Down $3,751,112 (-48%) from 2020

Revenue

Up

$18,156,892

Up $5,570,975 (+44%) from 2020

Expenses

Down

$16,211,201

Down $1,555,030 (-8.8%) from 2020

Net Income

Up

$1,945,691

Up $7,126,005 (+138%) from 2020

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

2021

Assets$31,294,817
Liabilities$4,030,602
Net Assets$27,264,215

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

2021

Revenue$18,156,892
Expenses$16,211,201
Net Income$1,945,691
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 9, 2022
Return Version
2020v4.2
Gross Receipts
$27,469,405
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$18,613,232$17,582,374▼ $1,030,858
Inventories for Sale or Use$4,989,615$4,731,065▼ $258,550
Savings and Temporary Cash Investments$1,835,141$4,628,010▲ $2,792,869
Accounts Receivable$5,118,137$3,295,976▼ $1,822,161
Prepaid Expenses and Deferred Charges$491,297$442,853▼ $48,444
Land, Buildings, and Equipment, Net$672,397$291,462▼ $380,935
Cash and Non-Interest-Bearing Accounts$1,613$5▼ $1,608
Total Assets$32,001,443$31,294,817▼ $706,626
Other Assets Total$280,011$323,072▲ $43,061
Liabilities
Accounts Payable and Accrued Expenses$1,732,327$2,773,940▲ $1,041,613
Other Liabilities$648,656$751,088▲ $102,432
Deferred Revenue$731$324,074▲ $323,343
Unsecured Notes Loans Payable$5,400,000$181,500▼ $5,218,500
Total Liabilities$7,781,714$4,030,602▼ $3,751,112
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$24,219,729$27,264,215▲ $3,044,486
Total Net Assets Fund Balance$24,219,729$27,264,215▲ $3,044,486
Total Liabilities and Net Assets / Fund Balance$32,001,443$31,294,817▼ $706,626

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$55,273$478,079$533,352
Leasehold Improvements$181,500-$181,500
Other Land Buildings$54,689$10,000$64,689
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joellyn CicciarelliDirector and PresidentFT$302,027$45,412$347,439
Terence K BrennanDirector and Chief FinanciFT$285,771$40,569$326,340
Laura TreleaseVP, Sales and MarketingFT$199,613$15,357$214,970
Santiago Cortes-sjobergVP, New Product DevelopmenFT$191,618$20,340$211,958
Kimberly SkalmanControllerFT$162,637$36,760$199,397
Mike WincekDirector, Technology ServiFT$160,286$37,083$197,369
Dominic YontoDirectorFT$128,909$34,486$163,395
Gary JansenDirectorFT$129,445$31,671$161,116
Marcia SlighExecutive Project Manager,FT$121,499$25,864$147,363

Highest Paid Contractors

ContractorServicesLocationCompensation
Green Business Sysytem LLCDesign318 W ADAMS ST STE 1710, Chicago, IL 60654$473,573
FablevisionDeveloper308 CONGRESS STREET 6TH FLOOR, Boston, MA 02110$277,750
Revenue and Support

Revenue Composition

Contributions and Grants
$1,835,146
Program Service Revenue
$531,163
Investment Income
$1,778,430
Other Revenue
$14,012,153
All Other Contributions
$11,738
Change in Net Assets
$1,945,691

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,034,771
Revenue Not Reported on Financial Statements
$122,121
Revenue Not Reported on Form 990
$1,593,944
Total Revenue per Audited Statements
$19,628,715
Total Revenue per Form 990
$18,156,892
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,167,397
Other Expenses$5,955,145
Grants and Similar Amounts Paid$88,659
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,442,443$1,811,043-$7,253,486
Fees for Services Other$968,640$606,256-$1,574,896
Current Officers, Directors, Trustees, and Key Employees$477,586$514,954-$992,540
Other Employee Benefits$642,149$271,295-$913,444
Office Expenses$61,474$664,433-$725,907
Information Technology-$716,640-$716,640
Advertising$713,337--$713,337
Payroll Taxes$432,970$151,726-$584,696
Pension Plan Contributions$315,998$107,233-$423,231
Fees for Service Investment Mgmnt Fees-$122,121-$122,121
Depreciation Depletion$95,188$26,832-$122,020
Fees for Services Accounting-$111,996-$111,996
Conferences and Meetings$98,335$40-$98,375
Payments to Affiliates-$96,600-$96,600
Grants to Domestic Orgs$86,187--$86,187
Insurance-$83,092-$83,092
Other Expenses$0$76,739$0$76,739
Travel$37,115$35,133-$72,248
Fees for Services Legal-$70,381-$70,381
Interest-$55,075-$55,075
All Other Expenses-$14,905-$14,905
Foreign Grants$2,472--$2,472
Total Functional Expenses$10,179,603$6,031,598$0$16,211,201

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$16,428,980
Total Expenses per Form 990$16,211,201
Expenses per Audited Statements$16,089,080
Expenses Not Reported on Form 990$339,900
Expenses Not Reported on Financial Statements$122,121
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Christ the King Jesuit College PrepChicago, IL501(c)(3)Fundraising Event Sposor$6,000
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$751,088
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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. Minutes of the board of directors record the deliberation and approval.

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
2022-08-09
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
105
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 XI, LINE 9:

Adoption of asc topic 606 -155,249.

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).

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