Better Business Bureau Report for
Loyola Academy of St. Louis

Better Business Bureau Report issued February 2012
Better Business Bureau Report expires February 2014


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Loyola Academy of St. Louis
Address: 3851 Washington Blvd
  St. Louis , MO 63108
Phone: 314-531-9091
314-531-3603
Web Address: www.loyolaacademy.org
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Better Business Bureau Comments

Year, State Incorporated: 2000, Missouri
Affiliates: None
Stated Purpose: "to provide the potential for success to students whose progress may be impeded by poverty, residence in distressed neighborhoods, and other social or economic factors."

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Evaluation Conclusions

               

Loyola Academy of St. Louis (LASTL) does not meet the following 4 Standards for Charity Accountability.

Standard 6: Board Policy on Effectiveness - Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.

The organization did not provide the BBB with a copy of its board policy on assessing organizational performance and effectiveness. 

Standard 16: Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

The organization does not produce an annual report. 

Standard 17: Web Site Disclosures - Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

The organization does not have its annual report information or a link to its most recent IRS Form 990 on its website. 

Standard 18: Privacy for Written Appeals & Internet Privacy - Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

The organization does  not have an online privacy policy. 
In addition, the St. Louis Better Business Bureau requested but did not receive complete information on the organization’s governance and oversight and effectiveness measures and is unable to verify the organization's compliance with the following 2Standards for Charity Accountability: 1 and 7.
Loyola Academy of St. Louis (LASTL) meets the remaining 14 Standards for Charity Accountability.
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Programs

               

Academic Programs, After School Programs, Summer Session, and Graduate Support Program.

For the fiscal year ended June 30, 2011, LASTL's program expenses were:

  
Programs 1,094,286
Total Program Expenses: $1,094,286
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Governance

               

Chief Executive : Eric Clark , President
Compensation*:

Chair of the Board: August Hager
Chair's Profession / Business Affiliation: Chairman, Hager Companies

Board Size: 28

Paid Staff Size: 24

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals
Fund raising costs were 23% of related contributions. (Related contributions, which totaled $933,861, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on LASTL's audited financial statements for the fiscal year ended June 30, 2011.

Source of Funds  
Net Gain from Investments 587,597
Contributions 573,590
Grants 262,423
Special Events 80,356
Tuition and Fees 70,103
State Lunch Program 31,775
In-Kind Donations 17,492
Loss from Asset Disposal -577
Total Income $1,622,759


chart



Uses of Funds as a % of Total Expenses

Programs: 74%  Fund Raising: 14%  Administrative: 12% 

Total income   $1,622,759
  Program expenses $1,094,286
  Fund raising expenses 214,036
  Administrative expenses 171,226
 
Total expenses   $1,479,548
Income in Excess of Expenses   143,211
Beginning net assets   7,691,534
Ending net assets   7,834,745
Total liabilities   860,219
Total assets   $8,694,964


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