Loyola Press FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2015EIN 32-0477771Revenue $12.6M in FY2020

On file with the IRSloyolapress.com8770 W Bryn Mawr Ave Ste 1125, 60631-3520 · Chicago, ILTax-exempt since Mar 1946Publicly supported charity — 170(b)(1)(A)(vi)

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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.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$1.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $204K a year · 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $70K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7.8M
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 16 voting members
Looks good: 14 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.6M
Spent
$17.8M
To programs
64%
Net assets
$24.2M
By yearFY2020–FY2024
Revenue
$12.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$12.6M
FY2021$18.2M
FY2022$16.2M
FY2023$20.5M
FY2024$18.2M
FY2024$17.0M
Expenses
$17.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$17.8M
FY2021$16.2M
FY2022$16.1M
FY2023$18.0M
FY2024$16.5M
FY2024$16.4M
Net assets
$24.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$24.2M
FY2021$27.3M
FY2022$23.5M
FY2023$26.5M
FY2024$28.0M
FY2024$29.3M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $11.3M Management & general 36% · $6.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director and President
$279,485Pt VII · Sec A
Director and Chief Financi
$271,748Pt VII · Sec A
VP, New Product Developmen
$200,558Pt VII · Sec A
VP, Sales and Marketing
$184,238Pt VII · Sec A
$152,707Pt VII · Sec A
Director, Technology Servi
$152,563Pt VII · Sec A
IT Business Relationship M
$113,189Pt VII · Sec A
Executive Project Manager, Technology Services
$113,167Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Joellyn Cicciarelli$343,049$290,963$320,329$264,425$302,027$279,485
Terence K Brennan——$309,366$277,494$285,771$271,748
John Christensen$240,655$202,000$176,673———
Kimberly Skalman$227,512$191,267$171,926$165,525$162,637$152,707
Santiago Cortes-Sjoberg$213,413$207,570$198,696$198,696$191,618$200,558
Laura Trelease————$199,613$184,238
Dominic Yonto$159,025$157,592$196,617$196,617$128,909—
Valerie Vogel$166,420—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Performs religious, charitable, and educational activities following Roman Catholic and Jesuit traditions.

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Provided by the organization

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1 program · $11.3M · in their own filed words · FY2019
01

Faith Formation

Loyola press publishes textbooks and resources containing primarily catholic religious content in support of its mission of evangelization, catechesis and spiritual inspiration. Faith formation seeks to serve the spiritual needs of catholics from birth through adult life.

$11.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$70K
Grants paid · 16 grants · $354K · 2019–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$12.6M
Ln 12
Other incomeLn 4–11$11.4M
Investment incomeLn 3$685K
Fees for servicesLn 2g$462K
Money outPt IX
$17.8M
Ln 25
Programscol B$11.3M
Managementcol C$6.5M
Owns and owesPt X
$24.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$32.0M
LiabilitiesLn 26$7.8M
PeoplePt VI, VII
24
listed · VII A
PaidVII A9
Voting boardVI 1a16
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$780
Fees for servicesLn 2g$462K
Investment incomeLn 3$685K
Other incomeLn 4–11$11.4M
Gains on assetsLn 7$201K
Total revenueLn 12$12.6M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$1.8M
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$18.6M
Land, buildings, equipmentLn 10c$672K
Other assetsLn 15$280K
Total assetsLn 16$32.0M
LiabilitiesLn 26$7.8M
Net assetsLn 32$24.2M
OperationsPt I, VI
EmployeesI 583
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.8M$1.8M
InvestmentsLn 11–13$21.3M$18.6M
Land, buildings, equipmentLn 10c$662K$672K
Total assetsLn 16$33.7M$32.0M
LiabilitiesLn 26$5.2M$7.8M
Net assetsLn 32$28.5M$24.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$128K$128K
Grants and assistance to foreign recipientsLn 3$2K$2K
Pay of current officers, directors and key staffLn 5$994K$537K$457K
Other salaries and wagesLn 7$7.4M$5.5M$1.9M
Pension plan contributionsLn 8$415K$304K$111K
Other employee benefitsLn 9$982K$671K$311K
Payroll taxesLn 10$585K$433K$152K
Legal feesLn 11b$97K$97K
Accounting feesLn 11c$105K$105K
Investment management feesLn 11f$139K$139K
Other fees for servicesLn 11g$2.2M$1.5M$711K
Advertising and promotionLn 12$783K$783K
Office expensesLn 13$869K$29K$840K
Information technologyLn 14$1.1M$1.1M
TravelLn 17$351K$258K$93K
Conferences, conventions and meetingsLn 19$193K$193K
InterestLn 20$139K$139K
Payments to affiliatesLn 21$72K$72K
Depreciation, depletion and amortizationLn 22$150K$116K$34K
InsuranceLn 23$89K$89K
Other expenses (24a–d)Ln 24$885K$817K$68K
All other expensesLn 24e$71K$25K$46K
Total functional expensesLn 25$17.8M$11.3M$6.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $18.2M$16.5M$1.6M$28.0M 990 PDF
FY2023 $20.5M$18.0M$2.5M$26.5M 990 PDF
FY2022 $16.2M$16.1M$122K$23.5M 990 PDF
FY2021 $18.2M$16.2M$1.9M$27.3M 990 PDF
FY2020 Viewing $12.6M$17.8M−$5.2M$24.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $12,585,917 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $750$780
I-9 Program service revenuePrior year $810,638$461,883
I-10 Investment incomePrior year $535,037$685,039
I-11 Other revenuePrior year $14,936,114$11,438,215
I-12 Total revenuePrior year $16,282,539$12,585,917
I-13 Grants and similar amounts paidPrior year $154,493$130,121
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $9,693,345$10,347,546
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,577,023$7,288,564
I-18 Total expensesPrior year $18,424,861$17,766,231
I-19 Revenue less expensesPrior year −$2,142,322−$5,180,314
Part VI · Governance 14 of 16 board members independent, 3 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-14 Document retention and destruction policyNo
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,585,917 across 6 lines filed
Lines not itemized here account for $11,728,338 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$780
VIII-1h Total contributions, gifts and grants$780
VIII-3 Investment incomeExcluded from tax $483,785$483,785
VIII-7 Net gain or loss on sales of assetsExcluded from tax $201,254$201,254
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $171,760$171,760
VIII-12 Total revenueRelated to mission $11,900,098 · Unrelated business $0 · Excluded from tax $685,039$12,585,917
Part IX · Statement of functional expenses $17,766,231 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $128,465$128,465
IX-3 Grants and assistance to foreign recipientsPrograms $1,656$1,656
IX-5 Pay of current officers, directors and key staffPrograms $536,752 · Management $456,930$993,682
IX-7 Other salaries and wagesPrograms $5,462,445 · Management $1,909,987$7,372,432
IX-8 Pension plan contributionsPrograms $303,887 · Management $110,931$414,818
IX-9 Other employee benefitsPrograms $671,380 · Management $310,538$981,918
IX-10 Payroll taxesPrograms $432,970 · Management $151,726$584,696
IX-11b Legal feesManagement $97,133$97,133
IX-11c Accounting feesManagement $104,715$104,715
IX-11f Investment management feesManagement $138,560$138,560
IX-11g Other fees for servicesPrograms $1,531,142 · Management $711,495$2,242,637
IX-12 Advertising and promotionPrograms $782,952$782,952
IX-13 Office expensesPrograms $29,278 · Management $840,055$869,333
IX-14 Information technologyManagement $1,103,186$1,103,186
IX-17 TravelPrograms $257,708 · Management $93,266$350,974
IX-19 Conferences, conventions and meetingsPrograms $193,171$193,171
IX-20 InterestManagement $139,171$139,171
IX-21 Payments to affiliatesManagement $72,450$72,450
IX-22 Depreciation, depletion and amortizationPrograms $115,832 · Management $34,494$150,326
IX-23 InsuranceManagement $88,722$88,722
IX-24 Other expenses (24a–d)Programs $816,629 · Management $67,959$884,588
IX-24e All other expensesPrograms $24,975 · Management $45,671$70,646
IX-25 Total functional expensesPrograms $11,289,242 · Management $6,476,989 · Fundraising $0$17,766,231
Part X · Balance sheet $32,001,443 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $883$1,613
X-2 Savings and temporary cash investmentsStart of year $1,836,304$1,835,141
X-4 Accounts receivableStart of year $4,459,045$5,118,137
X-8 Inventories for sale or useStart of year $4,496,362$4,989,615
X-9 Prepaid expenses and deferred chargesStart of year $671,592$491,297
X-10c Land, buildings and equipment, netStart of year $661,778$672,397
X-11 Publicly traded securitiesStart of year $21,322,174$18,613,232
X-15 Other assetsStart of year $252,074$280,011
X-16 Total assetsStart of year $33,700,212$32,001,443
X-17 Accounts payable and accrued expensesStart of year $3,443,718$1,732,327
X-19 Deferred revenueStart of year $5,086$731
X-24 Unsecured notes and loans payableStart of year $910,000$5,400,000
X-25 Other liabilitiesStart of year $792,255$648,656
X-26 Total liabilitiesStart of year $5,151,059$7,781,714
X-27 Net assets without donor restrictionsStart of year $28,549,153$24,219,729
X-32 Total net assets or fund balancesStart of year $28,549,153$24,219,729
X-33 Total liabilities and net assetsStart of year $33,700,212$32,001,443
Part XI · Reconciliation of net assets $24,219,729 net assets at year end
XI-1 Total revenue$12,585,917
XI-2 Total expenses$17,766,231
XI-3 Revenue less expenses−$5,180,314
XI-4 Net assets at start of year$28,549,153
XI-5 Net unrealized gains (losses) on investments$850,890
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$24,219,729

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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