2026-04-14T13:03:28-05:00 2025-05-31 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2024-06-01 420680412 LORAS COLLEGE LORA 5635887100 1450 ALTA VISTA STREET DUBUQUE IA 52001 MICHAEL DOYLE PRESIDENT 5635887100 2026-04-13 1 1 KAREN A GRIES P00078514 6128764500 2026-04-10 2024 2025-03-06 01:10:19Z MICHAEL DOYLE 1450 ALTA VISTA STREET DUBUQUE IA 52001 104648799 0 X WWW.LORAS.EDU X 1839 IA EDUCATION 22 21 1017 372 57547 8330 9972388 15216066 51849059 53461672 1284646 2855601 210111 291499 63316204 71824838 25507704 27187767 0 0 22860644 22454366 0 0 1684708 19143094 19410816 67511442 69052949 -4195238 2771889 112267399 101578374 60970305 47896187 51297094 53682187 X LORAS, AS A CATHOLIC LIBERAL ARTS COLLEGE, CREATES A COMMUNITY OF ACTIVE LEARNERS, REFLECTIVE THINKERS, ETHICAL DECISION MAKERS AND RESPONSIBLE CONTRIBUTORS IN DIVERSE PROFESSIONAL, SOCIAL AND RELIGIOUS ROLES. 0 0 27187767 27187767 SCHOLARSHIPS AND GRANTS TO STUDENTS. 14329785 43126494 INSTRUCTION AND ACADEMIC SUPPORT PROVIDED TO FULL AND PART TIME STUDENTS (1,170 FULL TIME EQUIVALENT STUDENTS). 11257659 4184747 STUDENT SERVICES, INCLUDING STUDENT DEVELOPMENT, INTERCOLLEGIATE ATHLETICS AND OTHER SERVICES. 12503835 6150431 OTHER PROGRAM SERVICES INCLUDE AUXILIARY PROGRAMS SUCH AS HOUSING AND FOOD SERVICE, RESEARCH, PUBIC SERVICE AND INSTITUTIONAL SUPPORT. 12503835 6150431 65279046 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 1 1571 1 1 1017 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL CA X RENNIE ROOT 5635887775 1450 ALTA VISTA STREET DUBUQUE IA 52001 JAMES E COLLINS PRESIDENT 40.00 X X 391745 0 47756 MOST REV ARCH THOMAS ZINKULA CHANCELLOR, REGENT 1.00 X X 0 0 0 RICHARD SCALISE CHAIR, REGENT 1.00 X X 0 0 0 MARY MEEHAN VICE CHAIR, REGENT 1.00 X X 0 0 0 TIMOTHY SUTHER VICE CHAIR, REGENT 1.00 X X 0 0 0 STEVE SLOAN SECRETARY, REGENT 1.00 X X 0 0 0 DAVID MEYERS REGENT 1.00 X 0 0 0 GENE MURPHY REGENT 1.00 X 0 0 0 JOSEPH SCHIESL REGENT 1.00 X 0 0 0 LUIS ACOSTA REGENT 1.00 X 0 0 0 MARK CLOGHESSY REGENT 1.00 X 0 0 0 MARK MOLO REGENT 1.00 X 0 0 0 MICHAEL RICE REGENT 1.00 X 0 0 0 MILAN VUCKOVIC REGENT 1.00 X 0 0 0 MSGR JOHN ENZLER REGENT 1.00 X 0 0 0 NATALIE HOFFMANN REGENT 1.00 X 0 0 0 RICH CLAYTON REGENT 1.00 X 0 0 0 SARAH SQUIRES REGENT 1.00 X 0 0 0 SIOBHAN O'CONNOR HARTSELL REGENT 1.00 X 0 0 0 STEPHEN SCHLEGEL REGENT 1.00 X 0 0 0 TOM TAUKE REGENT 1.00 X 0 0 0 WENDY SCHRUNK REGENT 1.00 X 0 0 0 WILLIAM GLYNN REGENT 1.00 X 0 0 0 THERESA HOFFMAN REGENT 1.00 X 0 0 0 MARGARET TUNGSETH VP/CHIEF OPERATING OFFICER 40.00 X 129379 0 17144 DONNA HEALD VP FOR ACADEMIC AFFAIRS 40.00 X 164397 0 23879 ARTHUR SUNLEAF VP FOR STUDENT DEVELOPMENT 40.00 X 130645 0 32332 JOSH BOOTS VP FOR INSTITUTIONAL ADV 40.00 X 173861 0 11223 RENNIE ROOT ASSOCIATE VP OF FINANCE 40.00 X 108471 0 11294 MARIA GENTILE VP FOR ENROLLMENT MANAGEMENT 40.00 X 100155 0 5259 MICHAEL DOYLE PRESIDENT ELECT 40.00 X 117508 0 15968 CRAIG SCHAEFER DIRECTOR OF TV STUDIO 40.00 X 252005 0 34219 TOM KRUSE CHIEF INFORMATION & BUDGET 40.00 X 112985 0 15524 1681151 0 214598 10 0 1 0 ARAMARK 1450 ALTA VISTA DUBUQUE IA 52004 FOOD SERVICE 3129353 PAULSON ELECTRIC COMPANY 685 CENTURY DR DUBUQUE IA 52004 CONSTRUCTION 275812 VRBAN FIRE PROTECTION 1714 FIFTH ST STE 1 CORALVILLE IA 52241 CONSTRUCTION 257019 GIESE SHEET METAL CO 2125 KERPER BLVD DUBUQUE IA 52001 CONSTRUCTION 186675 BAKER TILLY US PO BOX 7398 MADISON WI 53707 ACCOUNTING 136930 12 429679 14786387 1201729 15216066 COLLEGE FEES & SERVICE 611310 42559320 42559320 SALES/SVC, AUX. ENTER. 611710 9550012 9550012 SALES/SVC, EDU. ENTER. 611710 645394 645394 FINE INCOME 611710 88189 88189 DELINQUENCY CHARGES 611710 53200 53200 565557 565557 53461672 956072 956072 34556090 32656561 1899529 1899529 1899529 90016 0 90016 90016 54692 25022 29670 29670 256644 142378 114266 114266 EXT. EVENTS & CATERING 722320 56147 56147 ADVERTISING 541800 1400 1400 57547 71824838 53461672 57547 3089553 27187767 27187767 1508828 269930 787449 451449 17072529 16187047 176809 708673 289259 269596 4027 15636 2321597 2130174 138249 53174 1262153 1118751 64466 78936 157959 157959 121013 121013 100433 100433 1002051 870647 99583 31821 176279 140521 406 35352 1959003 1724510 33092 201401 805758 740532 55362 9864 1547651 1547651 1295711 1224388 24789 46534 47774 40410 2769 4595 2666365 2666365 3816648 3816648 596339 596339 FOOD SERVICE 2990858 2990858 REPAIRS AND MAINTENANCE 552686 547304 2691 2691 DUES & SUBSCRIPTIONS 281802 153484 114978 13340 UBIT PAID 1100 1100 1291386 1056124 204020 31242 69052949 65279046 2089195 1684708 7494 7496 1217461 1804157 23813177 23645884 653690 319829 174200 249804 919704 538574 121193236 73421387 50833064 47771849 22233833 15823736 3705742 2347628 4229636 4528839 4479398 4540578 112267399 101578374 4698666 5095363 3735133 3563316 41709584 34391065 604305 596802 7994000 1887232 2228617 2362409 60970305 47896187 X -34611749 -38485887 85908843 92168074 51297094 53682187 112267399 101578374 X 2771889 -514775 127979 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 492742 X X X X 0 0 1 X 56095391 2124587 2979164 814000 360756 60024386 52453111 1327918 4267768 1399175 554231 56095391 53469186 3000761 -345685 2830277 840874 52453111 55281637 2891623 -2916029 1233787 554258 53469186 42736730 4133625 9058803 1075451 -427930 55281637 0.00030 0.39790 0.60180 0 0 1113961 1113961 89607679 50606990 39000689 14570363 12060389 2509974 15901233 10754008 5147225 47771849 ANNUITIES PAYABLE 1127206 INTEREST RATE EXCHANGE LIABILITY 708156 DUE TO US GOVERNMENT 499516 OPERATING LEASE LIABILITIES 27531 2362409 X 44280740 -514775 144237 -370538 44651278 128171 27045389 27173560 71824838 41895647 158636 158636 41737011 128171 27187767 27315938 69052949 PART III, LINE 4: THE COLLEGE MAINTAINS VARIOUS ARTWORKS, MANUSCRIPTS, STATUES, PAINTINGS, BOOKS AND FURNITURE THAT PRESERVES THE HERITAGE OF THE COLLEGE AND PROMOTES SCHOLARSHIP ENDEAVORS. PART IV, LINE 2B: THE FUNDS HELD FOR OTHERS ARE AGENCY ACCOUNTS HELD FOR VARIOUS STUDENT ORGANIZATIONS OF LORAS COLLEGE. PART V, LINE 4: THE ENDOWMENT HAS BEEN ESTABLISHED TO PROVIDE A SUFFICIENT TOTAL RETURN TO SUPPLEMENT THE COLLEGE'S VARIOUS SOURCES OF OPERATING INCOME AND TO SUPPORT IN PERPETUITY THE MISSION OF THE COLLEGE. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2025 OR 2024. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP -554,241. WRITE-OFFS FROM UNCOLLECTIBLE PLEDGES -601,999. PRESENT VALUE ADJUSTMENT OF PLEDGES 1,300,477. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS REPORTED AS CONTRA INCOME 27,187,767. COST OF GOOD SOLD -142,378. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENT 16,258. COST OF GOODS SOLD 142,378. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS REPORTED AS CONTRA INCOME 27,187,767. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NONDISCRIMINATORY POLICY IS PUBLISHED IN ITS UNDERGRADUATE BULLETIN AND STUDENT HANDBOOK AS WELL AS AVAILABLE VIA ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM FEDERAL AND STATE GOVERNMENTS. THE AID IS THEN AWARDED TO STUDENTS IN ACCORDANCE WITH THE GUIDELINES ESTABLISHED FOR EACH FORM OF FINANCIAL AID. EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 279727 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 138608 0 0 0 0 0 0 418335 0 418335 0 0 0 0 0 0 ATHLETICS FUNDRAISER 90016 90016 90016 90016 90016 54692 7917 14275 2830 0 54692 7917 14275 2830 25022 29670 IA 1 0 1 0 0.88000 0.12000 RENNIE ROOT 1450 ALTA VISTA STREET DUBUQUE IA 52001 0 RENNIE ROOT RENNIE SPENDS MINIMAL TIME ON GAMING SERVICES SO NONE OF THE SALARY OF HER REGULAR POSITION IS REPORTED HERE. ALL RECEIPTS, DEPOSITS, PAYMENTS, AND REPORTING IS RUN THROUGH THE GENERAL OPERATIONS OF THE BUSINESS OFFICE OF THE COLLEGE. RENNIE OVERSEES THE OPERATIONS OF THE BUSINESS OFFICE AND DELEGATES THE TASKS RELATED TO GAMING TO SEVERAL DIFFERENT EMPLOYEES. X 0 SCHEDULE G, PART III, LINE 6, VOLUNTEER LABOR: THE COLLEGE UTILIZED THE AID OF VOLUNTEERS IN CONDUCTING ITS FUNDRAISING AND GAMING ACTIVITIES HOWEVER, THE EXACT PERCENTAGE OF VOLUNTEER LABOR USED IS UNKNOWN. 1 SCHOLARSHIP AID FOR STUDENTS' COST OF ATTENDANCE 1140 27187767 PART I, LINE 2: THE COLLEGE'S OFFICE OF FINANCIAL PLANNING MONITORS ALL AWARDS TO ENSURE COMPLIANCE WITH FEDERAL AND STATE REGULATIONS. ADDITIONALLY, THE COLLEGE ENGAGES AN INDEPENDENT AUDIT IN ACCORDANCE WITH OMB A-133. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JAMES E COLLINS PRESIDENT 387526 0 0 0 4219 0 17821 0 29935 0 439501 0 0 0 CRAIG SCHAEFER DIRECTOR OF TV STUDIO 251783 0 0 0 222 0 3972 0 30247 0 286224 0 0 0 DONNA HEALD VP FOR ACADEMIC AFFAIRS 163282 0 0 0 1115 0 9698 0 14181 0 188276 0 0 0 JOSH BOOTS VP FOR INSTITUTIONAL ADV 170997 0 2520 0 344 0 8947 0 2276 0 185084 0 0 0 ARTHUR SUNLEAF VP FOR STUDENT DEVELOPMENT 130343 0 0 0 302 0 7303 0 25029 0 162977 0 0 0 PART I, LINE 1A THE HOUSING ALLOWANCE ACCOUNT FOR AN EMPLOYEE IS PART OF THE NORMAL TAXABLE WAGES PAID TO THE EMPLOYEE AND IS INCLUDED AS PART OF THE EMPLOYEE'S TAXABLE INCOME. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 NONEAVAIL 2022-11-01 18154000 REFUND 2017B AND PARTIALLY REFUND 2000 BONDS 0 0 0 B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 NONEAVAIL 2022-11-01 2500000 REFUND 2002 BONDS 0 0 0 C IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 NONEAVAIL 2022-11-01 13895000 REFUND 2006 BONDS 0 0 0 A 18154000 18154000 2022 1 0 1 1 B 2500000 2500000 2022 1 0 1 1 C 330000 13895000 13895000 2022 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 1 0 0 0 1 C 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART II, COLUMN A: EXCESS PROCEEDS OF 352,491 ATTRIBUTED TO INVESTMENT EARNINGS SUBJECT TO FERPA LAWS 46140 GRANTS/SCHOLARSHIPS ASSISTANCE TO STUDENTS ATTENDING THE COLLEGE X 21 1185185 NET SELLING PRICE X FOOD/BEVERAGE 1 10349 DONOR VALUATION X TRAVEL 1 2968 DONOR VALUATION X PRIZE 1 1538 DONOR VALUATION X MEETING EXPENSES 1 1489 DONOR VALUATION X ADVERTISING 1 200 DONOR VALUATION 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE MAKES THE 990 AVAILABLE TO ALL BOARD MEMBERS VIA A SECURE PORTAL WEBSITE PRIOR TO FILING WITH THE IRS. THIS IS THE PROCESS BY WHICH THE BOARD MEMBERS REVIEW THE 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH OFFICER, DIRECTOR AND KEY EMPLOYEE MUST FILE A STATEMENT VERIFYING HE/SHE HAS READ THE CONFLICT OF INTEREST POLICY AND IS DISCLOSING ANY CONFLICTS OF INTEREST. EACH STATEMENT IS SENT DIRECTLY TO THE AUDIT COMMITTEE CHAIRPERSON. THE CHAIR AND THE COLLEGE'S TREASURER REVIEW EACH STATEMENT. IN ADDITION, THE TREASURER AND CONTROLLER MONITOR ANY TRANSACTIONS THROUGHOUT THE YEAR BETWEEN SUCH PARTIES. EACH TRANSACTION IS LOGGED WITH THE COLLEGE'S GENERAL LEDGER SYSTEM. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS USED BY THE COLLEGE IN DETERMINING COMPENSATION OF KEY EMPLOYEES IS: - BOARD-APPOINTED COMPENSATION COMMITTEE REVIEWS ALL RECOMMENDED COMPENSATION LEVELS. - COMPARATIVE BENCHMARK DATA IS USED (IAICU, CUPA, AND OTHERS). - WRITTEN EMPLOYMENT CONTRACTS ARE IN PLACE FOR THE PRESIDENT AND OTHER KEY EMPLOYEES IN ACCORDANCE WITH THE COLLEGE'S HANDBOOKS. - COMPENSATION IS FORMALLY APPROVED BY THE FULL BOARD OF REGENTS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC VIA ANOTHER'S WEBSITE SUCH AS CANDID.ORG, OR UPON REQUEST. THE COLLEGE'S AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE TO THE PUBLIC VIA THE MUNICIPAL SECURITIES RULE MAKING BOARD WEBSITE. FORM 990, PART XI, LINE 9: UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP -554,241. PRESENT VALUE ADJUSTMENT OF PLEDGES 1,300,477. WRITE-OFFS FROM UNCOLLECTIBLE PLEDGES -601,999. CHANGE IN BENEFICIAL INTEREST IN TRUSTS -16,258. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PERPETUAL TRUSTS (1) CHARITABLE TRUST IA T 0 CHARITABLE REMAINDER UNITRUST (3) CHARITABLE TRUST IA T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0