Loyola University Maryland Inc in Baltimore, Maryland (MD)

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Loyola University Maryland Inc
Employer Identification Number (EIN)520591623
Name of OrganizationLoyola University Maryland Inc
In Care of NameKelly Nelson
Address4501 N Charles St, Baltimore, MD 21210-2699
SubsectionCharitable Organization
Ruling Date04/1993
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period05/2014
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$599,060,693
Amount of Income$355,179,570
Form 990 Revenue Amount$285,562,765
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: University or Technological Institute


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Amount of income in 2014: $355,179,570
Loyola University Maryland Inc: 

 $355,179,570
Other organizations performing similar types of work: 

 $136,725,850

Assets in 2014: $599,060,693
Loyola University Maryland Inc: 

 $599,060,693
Other organizations performing similar types of work: 

 $239,530,668

Expenses in 2013: $243,496,208
Loyola University Maryland Inc: 

 $243,496,208
Other organizations performing similar types of work: 

 $107,808,210

Income to expenses ratio in 2013: 1.5
This organization: 

 1.5
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 75.4%
This organization: 

 75.4%
Other organizations performing similar types of work: 

 85.4%

Number of employees in 2013: 3,755
This organization: 

 3,755
Other organizations performing similar types of work: 

 1,977

Employees paid over $100,000 in 2013: 2.3%
Loyola University Maryland Inc: 

 2.3%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 6.4%
This organization: 

 6.4%
Other organizations performing similar types of work: 

 9.1%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?Yes
Is the organization required to complete Schedule B, Schedule of Contributors?No
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?Yes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?Yes
Did the organization report an amount for land, buildings, and equipment?Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?Yes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?No
Did the organization report an amount for other assets that is 5% or more of its total assets?No
Did the organization report an amount for other liabilities?Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?Yes
Did the organization obtain separate, independent audited financial statements for the tax year?Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?No
Is the organization a school described in section 170(b)(1)(A)(ii)?Yes
Did the organization maintain an office, employees, or agents outside of the United States?Yes
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?Yes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?Yes
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?Yes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?Yes
Did the organization report more than $15,000 of gross income from gaming activities?No
Did the organization operate one or more hospital facilities?No
Did the organization attach a copy of its audited financial statements?No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?Yes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?Yes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?No
A family member of a current or former officer, director, trustee, or key employee?No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?Yes
Did the organization receive more than $25,000 in non-cash contributions?Yes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?Yes
Did the organization liquidate, terminate, or dissolve and cease operations?No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?No
Was the organization related to any tax-exempt or taxable entity?Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?No
Did the organization make any transfers to an exempt non-charitable related organization?No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?No
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096463
The number of Forms W-2G0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return3,755
Did the organization file all required federal employment tax returns?Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?Yes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?Yes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?No
Did the organization file Form 8886-T?No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?Yes
Did the organization notify the donor of the value of the goods or services provided?Yes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?Yes
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?No
Did the sponsoring organization make any taxable distributions under section 4966?No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?No
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?No
The amount of tax-exempt interest received or accrued during the year$0
Is the organization licensed to issue qualified health plans in more than one state?No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0
The amount of reserves on hand$0
Did the organization receive any payments for indoor tanning services during the tax year?No
Has it filed a Form 720 to report these payments?No
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$3,597,038
Total reportable compensation from related organizations$0
Total estimated amount of other compensation from the organization and related organizations$523,726
Total number of individuals who received more than $100,000 of reportable compensation from the organization16
Total number of independent contractors who received more than $100,000 of compensation from the organization70
Statement of Revenue
201120122013
Total revenue$238,406,205$245,507,137$262,993,906
Contributions, Gifts, Grants and Other Similar Amounts$16,942,915$18,613,943$16,813,387
Program Service Revenue$206,651,769$217,756,171$226,270,733
Colleges, Universities, and Professional Schools $188,785,414
Colleges, Universities, and Professional Schools $33,353,937
Colleges, Universities, and Professional Schools $767,353
Colleges, Universities, and Professional Schools $1,036,888
Colleges, Universities, and Professional Schools $2,327,141
All other program service revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,779,121$4,329,247$2,812,644
Income from investment of tax-exempt bond proceeds$1,244$330$16
Royalties$89,305$100,949$75,150
Net rental income$427,685$594,156$691,240
Gross rents (Real / Personal)$427,685 / $0$594,156 / $0$691,240 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$427,685 / $0$594,156 / $0$691,240 / $0
Net gain/loss from sales of assets other than inventory$10,568,702$1,869,512$14,054,853
Gross amount from sales of assets other than inventory (Securities / Other)$37,232,485 / $0$15,115,747 / $0$46,345,091 / $0
Less: cost or other basis and sales expenses (Securities / Other)$26,663,783 / $0$13,246,235 / $0$32,290,238 / $0
Gain or (loss) (Securities / Other)$10,568,702 / $0$1,869,512 / $0$14,054,853 / $0
Net income/loss from fundraising events$-76,105$-51,401$-109,892
Gross income from fundraising events$159,925$215,025$138,289
Less: direct expenses$236,030$266,426$248,181
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$2,021,569$2,294,230$2,385,775
Colleges, Universities, and Professional Schools $1,351,130
Colleges, Universities, and Professional Schools $1,034,645
All other revenue$0
Statement of Functional Expenses
201120122013
Total functional expenses$226,488,920$232,236,507$243,496,208
Grants and other assistance to domestic organizations and domestic governments$26,745
Grants and other assistance to domestic individuals$57,712,902
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$1,010,629
Benefits paid to or for members$0
Compensation of current officers, directors, trustees, and key employees$2,496,625$2,524,393$2,995,440
Compensation not included above, to disqualified persons$0
Other salaries and wages$67,628,298$71,945,723$73,473,728
Pension plan accruals and contributions$6,729,756
Other employee benefits$7,790,952
Payroll taxes$5,261,057$4,729,511$5,211,493
Fees for services (non-employees)
Management$0
Legal$244,768
Accounting$153,027
Lobbying$0
Professional fundraising services$54,922$4,037$41,047
Investment management fees$551,444
Other$8,581,877
Advertising and promotion$3,891,698
Office expenses$5,741,479
Information technology$9,809,208
Royalties$12,697
Occupancy$8,105,397
Travel$4,178,580
Payments of travel or entertainment expenses for any federal, state, or local public officials$0
Conferences, conventions, and meetings$868,342
Interest$6,922,779
Payments to affiliates$0
Depreciation, depletion, and amortization$10,236,276
Insurance$1,346,831
Other expenses$3,148,438
Other expenses$4,498,833
Other expenses$2,279,105
Other expenses$2,005,055
Other expenses$15,927,682
Balance Sheet
201120122013
Total assets$531,869,357$531,232,852$560,786,610
Cash - non-interest-bearing$28,850
Savings and temporary cash investments$44,940,052
Pledges and grants receivable, net$4,769,227
Accounts receivable, net$1,873,481
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0
Notes and loans receivable, net$2,239,585
Inventories for sale or use$0
Prepaid expenses and deferred charges$3,803,674
Land, buildings, and equipment: cost or other basis$312,676,236
Investments - publicly traded securities$105,896,802
Investments - other securities$69,428,457
Investments - program-related$3,954,130
Intangible assets$0
Other assets$11,176,116
Total liabilities$183,594,450$185,239,244$182,565,926
Accounts payable and accrued expenses$14,363,550
Grants payable$0
Deferred revenue$7,089,539
Tax-exempt bond liabilities$153,037,842$150,047,552$150,238,577
Escrow or custodial account liability$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$10,874,260
Total net assets or fund balances$348,274,907$345,993,608$378,220,684
Unrestricted net assets$280,308,977
Temporarily restricted net assets$31,528,124
Permanently restricted net assets$66,383,583
Capital stock or trust principal, or current funds$0
Paid-in or capital surplus, or land, building, or equipment fund$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$114,500,576$96,097,786$110,168,034$145,020,683$143,779,303$163,777,161$194,014,249$200,240,009
Contributions, gifts, grants, and similar amounts received$15,252,474$15,081,468$13,819,760$18,208,699$16,874,815$16,357,865$18,258,800$19,201,256
Contributions to donor advised funds$0$0
Direct public support$6,854,591$5,476,324$4,844,013$12,314,645$10,165,880$9,461,383$10,721,736$8,579,540
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$8,397,883$9,605,144$8,975,747$5,894,054$6,708,935$6,896,482$7,537,064$10,621,716
Program service revenue including government fees and contracts$84,642,002$90,955,721$96,672,247$103,310,096$110,335,137$117,238,558$156,091,177$170,064,757
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$1,482,455$618,375$358,333$309,384$626,080$1,528,850$4,495,245$1,034,751
Dividends and interest from securities$3,393,834$3,770,200$3,521,821$2,526,221$3,551,731$4,411,923$3,227,665$1,883,485
Net rental income or (loss)$192,968$207,774$163,762$339,311$277,055$341,267$451,262$425,772
Gross rents$192,968$207,774$163,762$339,311$277,055$341,267$451,262$425,772
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$8,798,458$5,340,877
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$28,191,436$63,662,867
Less: cost or other basis and sales expenses$0$0$0$0$0$0$19,392,978$58,321,990
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$9,536,843$-14,535,752$-4,367,889$20,326,972$12,114,485$23,898,698$2,691,642$2,289,111
Total expenses$94,422,862$106,854,190$119,734,917$120,298,564$128,017,928$135,068,166$179,630,772$189,002,730
Program services$68,145,939$76,595,727$86,346,375$85,068,833$90,293,218$93,697,971$136,369,079$142,580,531
Management and general$23,508,185$27,093,052$29,736,047$31,748,647$34,182,121$37,646,047$39,148,069$41,920,714
Fundraising$2,768,728$3,165,411$3,652,495$3,481,084$3,542,589$3,724,148$4,113,624$4,501,485
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$281,431,664$270,675,260$260,233,375$284,955,494$300,716,869$324,458,275$346,994,026$356,987,759
Excess or (deficit) for the year$20,077,714$-10,756,404$-9,566,883$24,722,119$15,761,375$28,708,995$14,383,477$11,237,279
Net assets or fund balances at beginning of year$261,353,950$281,431,665$270,675,260$260,233,375$284,955,494$300,716,869$324,458,275$346,994,026
Other changes in net assets or fund balances$0$-1$-875,002$0$0$-4,967,589$8,152,274$-1,243,546
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$189,002,730$142,580,531$41,920,714$4,501,485
Grants paid from donor advised funds$0
Other grants and allocations$35,603,899
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$2,015,368$1,196,262$546,525$272,581
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$65,019,127$49,834,952$12,980,240$2,203,935
Pension plan contributions not included above$5,316,980$4,027,638$1,118,165$171,177
Employee benefits not included above$5,910,825$4,527,366$1,222,785$160,674
Payroll taxes$4,688,321$3,609,788$917,971$160,562
Professional fundraising fees$0$0$0$0
Accounting fees$239,769$0$239,769$0
Legal fees$195,105$2,508$192,597$0
Supplies$1,458,906$1,035,842$355,745$67,319
Telephone$1,104,481$407,334$697,147$0
Postage and shipping$681,101$442,890$71,378$166,833
Occupancy$8,502,899$3,804,395$4,698,504$0
Equipment rental and maintenance$1,616,537$703,618$833,802$79,117
Printing and publications$2,212,410$1,394,021$221,850$596,539
Travel$2,220,224$2,010,822$149,361$60,041
Conferences, conventions, and meetings$480,852$170,760$287,746$22,346
Interest$5,031,636$5,025,412$6,224$0
Depreciation, depletion, etc.$7,548,321$7,182,438$292,111$73,772
Other expenses not covered above$39,155,969$21,600,586$17,088,794$466,589
Balance Sheets
20002001200220032004200520062007
Total assets$391,097,152$378,074,866$369,772,220$390,075,740$404,760,350$498,946,763$532,556,746$546,466,453
Cash - non-interest-bearing$0$0$0$0$0$0$0$0
Savings and temporary cash investments$16,549,674$7,205,032$15,910,929$18,911,806$23,657,862$39,393,401$45,544,206$50,002,197
Accounts receivable less allowance for doubtful accounts$260,152$263,962$134,936$141,508$138,203$183,334$141,828$706,144
Pledges receivable less allowance for doubtful accounts$4,856,982$4,504,925$3,703,256$4,215,706$7,136,997$8,399,391$7,671,169$7,146,135
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$2,233,120$2,231,271$2,486,008$2,256,436$2,053,244$1,915,131$2,087,069$2,097,543
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$3,047,452$2,076,537$2,486,824$3,119,713$2,505,178$5,743,254$4,070,820$2,619,890
Investments - publicly-traded securities$0$0
Investments - other securities$157,194,373$141,497,754$122,430,704$135,960,821$146,912,137$218,709,323$213,941,426$190,153,723
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$202,307,581$215,893,116$218,410,398$215,853,848$212,000,201$213,820,348$246,840,802$282,404,130
Other assets, including program-related investments$4,647,818$4,402,269$4,209,165$9,615,902$10,356,528$10,782,581$12,259,426$11,336,691
Total liabilities$109,665,487$107,399,606$109,538,845$105,120,246$104,043,481$174,488,488$185,562,720$189,478,694
Accounts payable and accrued expenses$10,881,437$9,811,052$12,663,455$9,636,943$9,518,727$11,353,459$23,094,491$16,616,229
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$6,255,629$6,347,267$6,826,670$6,924,506$7,419,413$7,512,566$7,593,287$7,206,791
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$150,084,955$149,230,767$159,348,222
Mortgages and other notes payable$89,535,769$88,214,820$86,903,527$85,401,960$83,905,394$2,807,649$2,811,062$2,826,542
Other liabilities$2,992,652$3,026,467$3,145,193$3,156,837$3,199,947$2,729,859$2,833,113$3,480,910
Total liabilities and net assets/fund balances$391,097,152$378,074,866$369,772,220$390,075,740$404,760,350$498,946,763$532,556,746$546,466,453
Total net assets or fund balances$281,431,665$270,675,260$260,233,375$284,955,494$300,716,869$324,458,275$346,994,026$356,987,759
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$114,500,576$96,097,786$110,168,034$145,020,683$143,779,303$163,777,161$194,014,249$200,240,009
Total revenue, gains, and other support per audited financial statements$114,500,576$96,097,786$110,168,034$145,020,683$143,779,303$163,777,161$169,865,397$163,392,564
Other expenses$0$0$0$0$0$0$8,152,288$-1,243,546
Net unrealized gains on investments$0$0$0$0$0$0$8,152,288$-1,243,546
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$32,301,140$35,603,899
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$32,301,140$35,603,899
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$94,422,862$106,854,190$119,734,917$120,298,564$128,017,928$135,068,166$179,630,772$189,002,730
Total expenses and losses per audited financial statements$94,422,862$106,854,190$119,734,917$120,298,564$128,017,928$135,068,166$147,329,632$153,398,831
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$32,301,140$35,603,899
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$32,301,140$35,603,899
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
50$257,167$39,114$0
50$234,833$37,748$0
50$360,902$0$0
50$268,242$109,867$0
50$240,150$70,711$0
50$204,933$38,483$0
50$196,720$56,499$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings25
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20062,209
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$10,932,883$170,105,870
Program service revenue
Program service revenue 1000000$000$0$139,212,133
Program service revenue 2000000$000$0$25,757,647
Program service revenue 3000000$000$0$1,759,119
Program service revenue 4000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$895,809$774,677
Program service revenue 5000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$1,007,563$657,809
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,034,751$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,883,485$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$425,772$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$5,340,877$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$344,626$1,944,485
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
520851542100%$4,145$176,145
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$257,000$26,286$0
$243,446$37,177$0
$175,409$24,618$0
$170,748$28,816$0
$175,767$10,080$0
Total number of other employees paid over $50,000533
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1John Hopkins University N4327b, Nu Rho Psi Neuroscience Program3400 North Charles St Dunning 434, Baltimore, MD 21218MD1935-01$7,514,042,088
2Johns Hopkins UniversityBaltimore, MD 21218MD$3,250,451,000
3Loyola University Maryland Inc4501 N Charles St, Baltimore, MD 21210-2699MD1993-04$355,179,570
4Mc Daniel College Inc2 College Hl, Westminster, MD 21157-4303MD1934-08$123,656,860
5Mount Saint Marys University16300 Old Emmitsburg Road, Emmitsburg, MD 21727-7700MD1946-03$113,574,378
6Hood College Of Frederick Md401 Rosemont Ave, Frederick, MD 21701-8524MD1937-11$96,956,993
7William Carey University498 Tuscan Ave Box 2, Hattiesburg, MS 39401-5461MS1973-03$82,693,678
8Notre Dame Of Maryland University4701 N Charles St, Baltimore, MD 21210-2404MD1946-03$61,851,716
9Mount Saint Vincent University166 Bedford Highway, Halifaxinternational1981-08$48,966,246
10Emory, Group Return1440 Clifton Rd Ne Whscab Ste 309, Atlanta, GA 30322-0001GA2011-06$1,342,412,951
11University Of Science & PhilosophyPO BOX 520, Waynesboro, VA 22980-0384VA1958-12$227,455
12Emory Innovations Inc201 Dowman Dr Ne 101 Admin Bldg, Atlanta, GA 30322-0001GA2011-06$0
13Emorysaint Joseph's Inc1440 Clifton Road Ne Whscab, Atlanta, GA 30322GA2011-06$0
14Great Lakes UniversityPo Box 4347, Auburn Hills, MI 48326MI2007-09$0
15Medical And Technological University Of America Foundation683 Windmill Ct, Fremont, CA 94539CA2007-11$0
16Momentum Leadership School Of Ministry Inc15 Kibbe Road, East Longmeadow, MA 01028MA2009-07$0
17Nelson Mandella Institution For Knowledge Building & Advancement1825 I St Nw Ste 400, Washington, DC 20006-5415DC2007-12$0
18Trustees Of Princeton University, Princeton Alumni Assoc Of Essex CouPO BOX 291, Princeton, NJ 08544-0001NJ1984-02$0
19Trustees Of Princeton University, Princeton Alumni Association Of RiPO BOX 291, Princeton, NJ 08544-0001NJ1984-02$0
20Yale University, 2005 Yale College ClassPO BOX 209010, New Haven, CT 06520-9010CT1992-10$0
Number of organizations performing similar types of work
Alaska1
Alabama4
Arkansas1
Arizona2
California36
Colorado5
Connecticut9
District of Columbia6
Delaware2
Florida10
Georgia10
Hawaii2
Iowa7
Illinois19
Indiana6
Kansas4
Kentucky4
Louisiana4
Massachusetts19
Maryland7
Maine2
Michigan11
Minnesota5
Missouri9
Mississippi1
North Carolina11
North Dakota1
Nebraska2
New Hampshire3
New Jersey12
New York37
Ohio20
Oklahoma5
Oregon5
Pennsylvania29
Rhode Island3
South Carolina2
Tennessee6
Texas20
Utah1
Virginia11
Vermont3
Washington9
Wisconsin8
West Virginia2
International20
Total396

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