Nonprofit · EIN 42-0680412
LORAS COLLEGE
Tax-exempt · DUBUQUE, IA 52001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $71,824,838 | $69,052,949 | $2,771,889 | $101,578,374 | $47,896,187 | $53,682,187 |
| May 31, 2024 | 990 | $63,316,204 | $67,511,442 | -$4,195,238 | $112,267,399 | $60,970,305 | $51,297,094 |
| May 31, 2023 | 990 | $67,407,760 | $65,936,856 | $1,470,904 | $114,762,602 | $62,121,710 | $52,640,892 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $15,216,066
- of which government grants
- $429,679
- Program service revenue
- $53,461,672
- Investment income
- $2,855,601
- Net gain from sales of assets
- $1,899,529
- Net income from fundraising events
- $90,016
- Net income from gaming
- $29,670
- Net income from sales of inventory
- $114,266
- Other revenue
- $291,499
Expenses
- Grants and similar amounts paid
- $27,187,767
- Compensation of officers, directors and key employees
- $1,508,828
- Other salaries and wages
- $17,072,529
- Salaries, compensation and benefits (total)
- $22,454,366
- Professional fundraising fees
- $0
- Legal fees
- $157,959
- Accounting fees
- $121,013
- Occupancy
- $1,547,651
- Travel
- $1,295,711
- Depreciation
- $3,816,648
- Program services (functional)
- $65,279,046
- Management and general (functional)
- $2,089,195
- Fundraising (functional)
- $1,684,708
Balance sheet and other
- Total assets, start of year
- $112,267,399
- Total assets, end of year
- $101,578,374
- Total liabilities, end of year
- $47,896,187
- Net assets, end of year
- $53,682,187
- Land, buildings and equipment
- $47,771,849
- Publicly traded securities
- $15,823,736
- Net assets without donor restrictions
- -$38,485,887
- Net assets with donor restrictions
- $92,168,074
- Gross unrelated business income
- $57,547
- Gross receipts
- $104,648,799
- Employees
- 1,017
- Volunteers
- 372
- Year formed
- 1839
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES E COLLINS | PRESIDENT Trustee or director, Officer | 40 | $391,745 | $47,756 |
| CRAIG SCHAEFER | DIRECTOR OF TV STUDIO Highest-paid employee | 40 | $252,005 | $34,219 |
| DONNA HEALD | VP FOR ACADEMIC AFFAIRS Officer | 40 | $164,397 | $23,879 |
| JOSH BOOTS | VP FOR INSTITUTIONAL ADV Officer | 40 | $173,861 | $11,223 |
| ARTHUR SUNLEAF | VP FOR STUDENT DEVELOPMENT Officer | 40 | $130,645 | $32,332 |
| MARGARET TUNGSETH | VP/CHIEF OPERATING OFFICER Officer | 40 | $129,379 | $17,144 |
| MICHAEL DOYLE | PRESIDENT ELECT Officer | 40 | $117,508 | $15,968 |
| TOM KRUSE | CHIEF INFORMATION & BUDGET Highest-paid employee | 40 | $112,985 | $15,524 |
| RENNIE ROOT | ASSOCIATE VP OF FINANCE Officer | 40 | $108,471 | $11,294 |
| MARIA GENTILE | VP FOR ENROLLMENT MANAGEMENT Officer | 40 | $100,155 | $5,259 |
| MOST REV ARCH THOMAS ZINKULA | CHANCELLOR, REGENT Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD SCALISE | CHAIR, REGENT Trustee or director, Officer | 1 | $0 | $0 |
| MARY MEEHAN | VICE CHAIR, REGENT Trustee or director, Officer | 1 | $0 | $0 |
| TIMOTHY SUTHER | VICE CHAIR, REGENT Trustee or director, Officer | 1 | $0 | $0 |
| STEVE SLOAN | SECRETARY, REGENT Trustee or director, Officer | 1 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID MEYERS | REGENT Trustee or director | 1 | $0 |
| GENE MURPHY | REGENT Trustee or director | 1 | $0 |
| JOSEPH SCHIESL | REGENT Trustee or director | 1 | $0 |
| LUIS ACOSTA | REGENT Trustee or director | 1 | $0 |
| MARK CLOGHESSY | REGENT Trustee or director | 1 | $0 |
| MARK MOLO | REGENT Trustee or director | 1 | $0 |
| MICHAEL RICE | REGENT Trustee or director | 1 | $0 |
| MILAN VUCKOVIC | REGENT Trustee or director | 1 | $0 |
| MSGR JOHN ENZLER | REGENT Trustee or director | 1 | $0 |
| NATALIE HOFFMANN | REGENT Trustee or director | 1 | $0 |
| RICH CLAYTON | REGENT Trustee or director | 1 | $0 |
| SARAH SQUIRES | REGENT Trustee or director | 1 | $0 |
| SIOBHAN O'CONNOR HARTSELL | REGENT Trustee or director | 1 | $0 |
| STEPHEN SCHLEGEL | REGENT Trustee or director | 1 | $0 |
| TOM TAUKE | REGENT Trustee or director | 1 | $0 |
| WENDY SCHRUNK | REGENT Trustee or director | 1 | $0 |
| WILLIAM GLYNN | REGENT Trustee or director | 1 | $0 |
| THERESA HOFFMAN | REGENT Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES E COLLINS | PRESIDENT Trustee or director, Officer | 40 | $380,783 | $46,537 |
| CRAIG SCHAEFER | DIRECTOR OF TV STUDIO Highest-paid employee | 40 | $266,819 | $31,891 |
| MARGARET TUNGSETH | TREASURER Officer | 40 | $169,656 | $28,531 |
| DONNA HEALD | VP FOR ACADEMIC AFFAIRS Officer | 40 | $164,568 | $24,384 |
| ARTHUR SUNLEAF | VP FOR STUDENT DEVELOPMENT Officer | 40 | $126,051 | $31,449 |
| SCOTT MCCLURE | VP FOR INSTITUTIONAL ADV Officer | 40 | $121,100 | $18,124 |
| TOM KRUSE | CHIEF INFORMATION & BUDGET OFFICER Highest-paid employee | 40 | $113,454 | $16,073 |
| RENNIE ROOT | ASSOCIATE VP OF FINANCE Highest-paid employee | 40 | $108,486 | $14,239 |
| MARY ELLEN CARROLL | SENIOR VICE PRESIDENT Officer | 40 | $45,773 | $12,037 |
| JOSH BOOTS | VP FOR INSTITUTIONAL ADV Officer | 40 | $26,054 | $2,098 |
| MOST REV ARCH THOMAS ZINKULA | CHANCELLOR, REGENT Trustee or director, Officer | 1 | $0 | $0 |
| BISHOP RICHARD PATES INTERIM | CHANCELLOR, REGENT - OUTGOING Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD SCALISE | CHAIR, REGENT Trustee or director, Officer | 1 | $0 | $0 |
| MARY MEEHAN | VICE CHAIR, REGENT Trustee or director, Officer | 1 | $0 | $0 |
| TIMOTHY SUTHER | VICE CHAIR, REGENT Trustee or director, Officer | 1 | $0 | $0 |
| STEVE SLOAN | SECRETARY, REGENT Trustee or director, Officer | 1 | $0 | $0 |
| DAVID MEYERS | REGENT Trustee or director | 1 | $0 | $0 |
| GENE MURPHY | REGENT Trustee or director | 1 | $0 | $0 |
| JOSEPH SCHIESL | REGENT Trustee or director | 1 | $0 | $0 |
| LUIS ACOSTA | REGENT Trustee or director | 1 | $0 | $0 |
| MARK CLOGHESSY | REGENT Trustee or director | 1 | $0 | $0 |
| MARK MOLO | REGENT Trustee or director | 1 | $0 | $0 |
| MICHAEL RICE | REGENT Trustee or director | 1 | $0 | $0 |
| MILAN VUCKOVIC | REGENT Trustee or director | 1 | $0 | $0 |
| MSGR JOHN ENZLER | REGENT Trustee or director | 1 | $0 | $0 |
| NATALIE HOFFMANN | REGENT Trustee or director | 1 | $0 | $0 |
| REV MSGR JAMES BARTA | REGENT - OUTGOING Trustee or director | 1 | $0 | $0 |
| RICH CLAYTON | REGENT Trustee or director | 1 | $0 | $0 |
| SARAH SQUIRES | REGENT Trustee or director | 1 | $0 | $0 |
| SIOBHAN O'CONNOR HARTSELL | REGENT Trustee or director | 1 | $0 | $0 |
| STEPHEN SCHLEGEL | REGENT Trustee or director | 1 | $0 | $0 |
| TOM TAUKE | REGENT Trustee or director | 1 | $0 | $0 |
| WENDY SCHRUNK | REGENT Trustee or director | 1 | $0 | $0 |
| WILLIAM GLYNN | REGENT Trustee or director | 1 | $0 | $0 |
| THERESA HOFFMAN | REGENT Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 33 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES E COLLINS | PRESIDENT Trustee or director, Officer | 40 | $367,713 | $48,597 |
| CRAIG SCHAEFER | DIRECTOR OF TV STUDIO Highest-paid employee | 40 | $176,406 | $30,341 |
| MARGARET TUNGSETH | TREASURER Officer | 40 | $166,187 | $24,146 |
| DONNA HEALD | VP FOR ACADEMIC AFFAIRS Officer | 40 | $157,598 | $23,573 |
| MARY ELLEN CARROLL | SENIOR VICE PRESIDENT Officer | 40 | $127,301 | $34,432 |
| ARTHUR SUNLEAF | VP FOR STUDENT DEVELOPMENT Officer | 40 | $110,309 | $28,120 |
| SCOTT MCCLURE | VP FOR INSTITUTIONAL ADV Officer | 40 | $119,020 | $16,432 |
| TOM KRUSE | CHIEF INFORMATION & BUDGET OFFICER Highest-paid employee | 40 | $109,957 | $15,286 |
| MOST REV MICHAEL JACKELS | CHANCELLOR, REGENT (TERM. 04/2023) Trustee or director, Officer | 1 | $0 | $0 |
| BISHOP RICHARD PATES INTERIM | CHANCELLOR, REGENT (EFF 4/2023) Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD SCALISE | CHAIR, REGENT Trustee or director, Officer | 1 | $0 | $0 |
| TONY REARDON | CHAIR, REGENT (TERM. 10/2022) Trustee or director, Officer | 1 | $0 | $0 |
| MARY MEEHAN | VICE CHAIR, REGENT Trustee or director, Officer | 1 | $0 | $0 |
| TIMOTHY SUTHER | VICE CHAIR, REGENT Trustee or director, Officer | 1 | $0 | $0 |
| STEVE SLOAN | SECRETARY, REGENT Trustee or director, Officer | 1 | $0 | $0 |
| DAVID MEYERS | REGENT Trustee or director | 1 | $0 | $0 |
| GENE MURPHY | REGENT Trustee or director | 1 | $0 | $0 |
| JOSEPH SCHIESL | REGENT Trustee or director | 1 | $0 | $0 |
| LUIS ACOSTA | REGENT Trustee or director | 1 | $0 | $0 |
| MARK CLOGHESSY | REGENT Trustee or director | 1 | $0 | $0 |
| MARK MOLO | REGENT Trustee or director | 1 | $0 | $0 |
| MICHAEL RICE | REGENT Trustee or director | 1 | $0 | $0 |
| MILAN VUCKOVIC | REGENT Trustee or director | 1 | $0 | $0 |
| MSGR JOHN ENZLER | REGENT Trustee or director | 1 | $0 | $0 |
| NATALIE HOFFMANN | REGENT Trustee or director | 1 | $0 | $0 |
| REV MSGR JAMES BARTA | REGENT Trustee or director | 1 | $0 | $0 |
| RICH CLAYTON | REGENT Trustee or director | 1 | $0 | $0 |
| SARAH SQUIRES | REGENT Trustee or director | 1 | $0 | $0 |
| SIOBHAN O'CONNOR HARTSELL | REGENT Trustee or director | 1 | $0 | $0 |
| STEPHEN SCHLEGEL | REGENT Trustee or director | 1 | $0 | $0 |
| TOM TAUKE | REGENT Trustee or director | 1 | $0 | $0 |
| WENDY SCHRUNK | REGENT Trustee or director | 1 | $0 | $0 |
| WILLIAM GLYNN | REGENT Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1450 ALTA VISTA ST, DUBUQUE, IA 52001-4327
- Principal officer (990 for 2024)
- MICHAEL DOYLE, 1450 ALTA VISTA STREET, DUBUQUE, IA 52001
- Signed the 990
- MICHAEL DOYLE, PRESIDENT
- Phone
- (563) 588-7100
- Website
- WWW.LORAS.EDU
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
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.
Program accomplishments
- SCHOLARSHIPS AND GRANTS TO STUDENTS.Expenses $27,187,767 · grants $27,187,767
- INSTRUCTION AND ACADEMIC SUPPORT PROVIDED TO FULL AND PART TIME STUDENTS (1,170 FULL TIME EQUIVALENT STUDENTS).Expenses $14,329,785 · revenue $43,126,494
- STUDENT SERVICES, INCLUDING STUDENT DEVELOPMENT, INTERCOLLEGIATE ATHLETICS AND OTHER SERVICES.Expenses $11,257,659 · revenue $4,184,747
- OTHER PROGRAM SERVICES INCLUDE AUXILIARY PROGRAMS SUCH AS HOUSING AND FOOD SERVICE, RESEARCH, PUBIC SERVICE AND INSTITUTIONAL SUPPORT.Expenses $12,503,835 · revenue $6,150,431
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0680412
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1939
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $101,578,374
- Income (IRS master file)
- $104,648,799
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $71,824,838 | $69,052,949 | $101,578,374 | XML |
| 990-T | May 2025 | – | – | – | IRS |
| 990 | May 2024 | $63,316,204 | $67,511,442 | $112,267,399 | XML |
| 990-T | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $67,407,760 | $65,936,856 | $114,762,602 | XML |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | $75,361,809 | $67,103,542 | $125,505,314 | IRS |
| 990-T | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-T | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0680412).
Questions about LORAS COLLEGE
- What is the EIN of LORAS COLLEGE?
- The employer identification number (EIN) of LORAS COLLEGE is 42-0680412.
- Is LORAS COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1939.
- Are donations to LORAS COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LORAS COLLEGE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LORAS COLLEGE due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LORAS COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of LORAS COLLEGE?
- The 990 for the year ended May 31, 2025 names MICHAEL DOYLE.
- Who are the officers and directors of LORAS COLLEGE?
- The 990 for the year ended May 31, 2025 lists 33 people; 10 received compensation from the organization, the highest $391,745 (JAMES E COLLINS, PRESIDENT).
- How much revenue does LORAS COLLEGE have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $71,824,838, expenses of $69,052,949 and total assets of $101,578,374 at year end.
Other nonprofits in DUBUQUE
- UNIVERSITY OF DUBUQUE EIN 42-0680323 · last filed 990 for 2025
- THE FINLEY HOSPITAL EIN 42-0680354 · last filed 990 for 2024
- DUTRAC COMMUNITY CREDIT UNION EIN 42-0670685 · last filed 990 for 2025
- MEDICAL ASSOCIATES CLINIC HEALTH PLAN OF WISCONSIN EIN 39-1519198 · last filed 990 for 2025
- CLARKE UNIVERSITY OF DUBUQUE IOWA EIN 42-0680408 · last filed 990 for 2025
- DUBUQUE RACING ASSOCIATION LTD EIN 42-1235183 · last filed 990 for 2025
- STONEHILL FRANCISCAN SERVICES EIN 51-0141775 · last filed 990 for 2025
- HILLS AND DALES CHILD DEVELOPMENT CENTER EIN 42-1388270 · last filed 990 for 2025