Civic Intelligence

Loyola Press

990 • Fiscal year 2022 • EIN 32-0477771

Oct 01, 2021 to Sep 30, 2022 • Filed on Jul 20, 2023

8770 W Bryn Mawr Ave Ste 1125Chicago, IL 60631

(773) 281-1818

Siviq Scores

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

Liabilities / Assets

46th percentile

0.19x

Higher debt load relative to assets than 46% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

55th percentile

0.34x

Higher debt load relative to revenue than 55% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

33rd percentile

0.8%

Higher net margin than 33% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

64th percentile

$316,800

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

26th percentile

-7.4%

Faster asset growth than 26% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

24th percentile

-11%

Faster revenue growth than 24% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Down

$28,985,694

Down $2,309,123 (-7.4%) from 2021

Net Assets

Down

$23,522,495

Down $3,741,720 (-14%) from 2021

Liabilities

Up

$5,463,199

Up $1,432,597 (+36%) from 2021

Revenue

Down

$16,180,477

Down $1,976,415 (-11%) from 2021

Expenses

Down

$16,058,073

Down $153,128 (-0.9%) from 2021

Net Income

Down

$122,404

Down $1,823,287 (-94%) from 2021

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

2022

Assets$28,985,694
Liabilities$5,463,199
Net Assets$23,522,495

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

2022

Revenue$16,180,477
Expenses$16,058,073
Net Income$122,404
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jul 20, 2023
Return Version
2021v4.2
Gross Receipts
$23,747,287
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$17,582,374$14,826,783▼ $2,755,591
Inventories for Sale or Use$4,731,065$4,600,119▼ $130,946
Accounts Receivable$3,295,976$4,150,304▲ $854,328
Land, Buildings, and Equipment, Net$291,462$2,817,642▲ $2,526,180
Savings and Temporary Cash Investments$4,628,010$1,679,963▼ $2,948,047
Prepaid Expenses and Deferred Charges$442,853$578,909▲ $136,056
Cash and Non-Interest-Bearing Accounts$5$5→ $0
Total Assets$31,294,817$28,985,694▼ $2,309,123
Other Assets Total$323,072$331,969▲ $8,897
Liabilities
Accounts Payable and Accrued Expenses$2,773,940$2,415,697▼ $358,243
Unsecured Notes Loans Payable$181,500$2,023,346▲ $1,841,846
Other Liabilities$751,088$775,140▲ $24,052
Deferred Revenue$324,074$249,016▼ $75,058
Total Liabilities$4,030,602$5,463,199▲ $1,432,597
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$27,264,215$23,522,495▼ $3,741,720
Total Net Assets Fund Balance$27,264,215$23,522,495▼ $3,741,720
Total Liabilities and Net Assets / Fund Balance$31,294,817$28,985,694▼ $2,309,123

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,123,809-$2,123,809
Equipment$687,426$540,446$1,227,872
Other Land Buildings$6,407$10,000$16,407
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terence K BrennanDirector and Chief FinanciFT$277,494$39,306$316,800
Joellyn CicciarelliDirector and PresidentFT$264,425$44,840$309,265
Dominic YontoDirectorFT$196,617$34,018$230,635
Santiago Cortes-sjobergVP, New Product DevelopmenFT$198,696$24,080$222,776
Kimberly SkalmanControllerFT$165,525$37,867$203,392
Mike WincekDirector, Technology ServiFT$163,936$37,692$201,628
Gary JansenDirectorFT$141,744$36,025$177,769
Marcia SlighExecutive Project Manager,FT$128,842$28,418$157,260

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Lsc CommunicationsThird Party LogisticsPO BOX 776411, Chicago, IL 60677-6411$1,583,297
Lsc CommunicationsPrinterPO BOX 776411, Chicago, IL 60677-6411$319,546
FablevisionDeveloper308 CONGRESS STREET 6TH FLOOR, Boston, MA 02110$102,500
Green Business Systems LLCDesign318 W ADAMS ST STE 1710, Chicago, IL 60606$102,270
Revenue and Support

Revenue Composition

Contributions and Grants
$9,344
Program Service Revenue
$459,777
Investment Income
$1,410,913
Other Revenue
$14,300,443
All Other Contributions
$9,344
Change in Net Assets
$122,404

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,060,390
Revenue Not Reported on Financial Statements
$120,087
Revenue Not Reported on Form 990
$-3,779,124
Total Revenue per Audited Statements
$12,281,266
Total Revenue per Form 990
$16,180,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,077,134
Other Expenses$5,871,379
Grants and Similar Amounts Paid$109,560
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,150,336$1,646,828-$6,797,164
Fees for Services Other$1,229,984$314,196-$1,544,180
Current Officers, Directors, Trustees, and Key Employees$737,529$545,676-$1,283,205
Other Employee Benefits$467,027$370,277-$837,304
Information Technology-$796,151-$796,151
Advertising$617,783--$617,783
Office Expenses$83,510$508,665-$592,175
Payroll Taxes$550,088$36,904-$586,992
Pension Plan Contributions$432,527$139,942-$572,469
Travel$250,160$63,128-$313,288
Conferences and Meetings$259,953--$259,953
Depreciation Depletion-$140,753-$140,753
Fees for Service Investment Mgmnt Fees-$120,087-$120,087
Fees for Services Accounting-$117,892-$117,892
Occupancy-$98,374-$98,374
Grants to Domestic Orgs$96,524--$96,524
Fees for Services Legal-$84,616-$84,616
Interest-$83,365-$83,365
Insurance-$76,525-$76,525
All Other Expenses-$53,016-$53,016
Payments to Affiliates-$48,300-$48,300
Other Expenses$170,777$21,053-$21,053
Foreign Grants$13,036--$13,036
Total Functional Expenses$10,709,749$5,348,324$0$16,058,073

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$16,058,073
Total Expenses per Audited Statements$16,022,986
Expenses per Audited Statements$15,937,986
Expenses Not Reported on Financial Statements$120,087
Expenses Not Reported on Form 990$85,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Christ the King Jesuit College PrepChicago, IL501(c)(3)Fundraising Event Sponsor$6,000

International Summary

Offices
0
Employees
0
Spending
$0

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
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$775,140
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. 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.

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

The organization's board of directors is elected by the board of directors. Five of members of the board of directors are 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 accuracy and compliance with pertinent rules and regulations by the finance committee chair, chief financial officer, and board chair.

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., conducted 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
8770 W BRYN MAWR AVE STE 1125, CHICAGO, IL 60631

Signing Officer

Name
Kimberly Skalman
Title
Chief Financial Officer
Phone
7732811818
Signed
2023-07-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Skalman
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

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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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt444840
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
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IRS990/Form990PartVIISectionAGrp/PersonNm4JOELLYN CICCIARELLI
IRS990/Form990PartVIISectionAGrp/PersonNm5MANUEL DORANTES
IRS990/Form990PartVIISectionAGrp/PersonNm6MARCO A LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL A MARTINEZ SJ
IRS990/Form990PartVIISectionAGrp/PersonNm8MICHAEL A ROSSMAN SJ
IRS990/Form990PartVIISectionAGrp/PersonNm9MICHAEL BOYLE PHD
IRS990/Form990PartVIISectionAGrp/PersonNm10MOIRA MADELL
IRS990/Form990PartVIISectionAGrp/PersonNm11PHYLLIS CAVALLONE
IRS990/Form990PartVIISectionAGrp/PersonNm12TERENCE K BRENNAN
IRS990/Form990PartVIISectionAGrp/PersonNm13TOM ANDREESEN
IRS990/Form990PartVIISectionAGrp/PersonNm14SANTIAGO CORTES-SJOBERG
IRS990/Form990PartVIISectionAGrp/PersonNm15DOMINIC YONTO
IRS990/Form990PartVIISectionAGrp/PersonNm16GARY JANSEN
IRS990/Form990PartVIISectionAGrp/PersonNm17KIMBERLY SKALMAN
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IRS990/Form990PartVIISectionAGrp/PersonNm19MIKE WINCEK
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12277494
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR AND PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR AND CHIEF FINANCI
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP, NEW PRODUCT DEVELOPMEN
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE PROJECT MANAGER,
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR, TECHNOLOGY SERVI
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