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TRUSTEES OF THE COLLEGE OF THE HOLY CROSS: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
TRUSTEES OF THE COLLEGE OF THE HOLY CROSS (EIN 04-2103558)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-05-14
IRS object ID
202121349349304472
Schema version
2019v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-05-14T12:59:32-05:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN366055558PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line175 STATE STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02109ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN042103558EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TRUSTEES OF THE COLLEGE OFBusinessNameLine1Txt
Business Name Line2THE HOLY CROSSBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlTRUSBusinessNameControlTxt
Phone5087932514PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE COLLEGE STREETAddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP016102395ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDOROTHY A HAUVERPersonNm
Person TitleVP AND TREASURERPersonTitleTxt
Phone5087932514PhoneNum
Signature2021-05-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonERIN COUTUREPreparerPersonNm
PTINP01390592PTIN
Phone6177237900PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1COLLEGE OF THE HOLY CROSSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerDOROTHY A HAUVERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE COLLEGE STREETAddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP016102395ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$537,552,788GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.HOLYCROSS.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1843FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionCOLLEGE OF THE HOLY CROSS IS A PRIVATE, JESUIT, LIBERAL ARTS COLLEGE (SEE SCHEDULE O). DEDICATED TO THE PURSUIT OF EXCELLENCE IN TEACHING, LEARNING, AND SERVICE OF FAITH AND PROMOTION OF JUSTICE.ActivityOrMissionDesc
Voting Members Governing Body45VotingMembersGoverningBodyCnt
Voting Members Independent43VotingMembersIndependentCnt
Total Employee3500TotalEmployeeCnt
Total Volunteers2700TotalVolunteersCnt
Total Gross UBI$1,708,273TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$34,981,534PYContributionsGrantsAmt
CY Contributions Grants$44,461,765CYContributionsGrantsAmt
PY Program Service Revenue$214,371,906PYProgramServiceRevenueAmt
CY Program Service Revenue$208,858,523CYProgramServiceRevenueAmt
PY Investment Income$16,480,248PYInvestmentIncomeAmt
CY Investment Income$11,765,735CYInvestmentIncomeAmt
PY Other Revenue$161,813PYOtherRevenueAmt
CY Other Revenue$155,282CYOtherRevenueAmt
PY Total Revenue$265,995,501PYTotalRevenueAmt
CY Total Revenue$265,241,305CYTotalRevenueAmt
PY Grants And Similar Paid$66,189,902PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$67,624,653CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$113,409,649PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$115,192,531CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$388,663PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$119,548CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$8,313,243CYTotalFundraisingExpenseAmt
PY Other Expenses$79,085,158PYOtherExpensesAmt
CY Other Expenses$78,446,591CYOtherExpensesAmt
PY Total Expenses$259,073,372PYTotalExpensesAmt
CY Total Expenses$261,383,323CYTotalExpensesAmt
PY Revenues Less Expenses$6,922,129PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,857,982CYRevenuesLessExpensesAmt
Total Assets BOY$1,257,371,030TotalAssetsBOYAmt
Total Assets EOY$1,320,181,892TotalAssetsEOYAmt
Total Liabilities BOY$220,377,960TotalLiabilitiesBOYAmt
Total Liabilities EOY$297,846,852TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,036,993,070NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,022,335,040NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO EDUCATE STUDENTS WHO, AS LEADERS IN BUSINESS, PROFESSIONAL, AND CIVIC LIFE, WILL LIVE BY THE HIGHEST INTELLECTUAL AND ETHICAL STANDARDS BY CREATING AN ENVIRONMENT IN WHICH INTEGRATED LEARNING IS A SHARED RESPONSIBILITY LEADING ALL MEMBERS TO MAKE THE BEST OF THEIR OWN TALENTS, TO WORK TOGETHER, TO SERVE OTHERS, AND TO SEEK JUSTICE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$223,515,569ExpenseAmt
Grant$67,611,300GrantAmt
Revenue$208,805,555RevenueAmt
DescTHE PRIMARY PROGRAM IS UNDERGRADUATE INSTRUCTION IN THE LIBERAL ARTS THAT LEADS TO A BACHELOR OF ARTS DEGREE. THE CURRICULUM INCLUDES PROGRAMS IN THE ARTS, SCIENCES, SOCIAL SCIENCES AND HUMANITIES. SEE DETAIL ON SCHEDULE O.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$447,312ExpenseAmt
Grant$13,353GrantAmt
Revenue$52,968RevenueAmt
DescBASIC RESEARCH IN CHEMISTRY, PHYSICS, PSYCHOLOGY AND BIOLOGY. THE RESEARCH IS FUNDED BY PRIVATE GRANTS AND THE US GOVERNMENT.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$223,962,881TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation EasementsYes (1)ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (1)MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (1)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (1)BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document4698IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee3500EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members45GoverningBodyVotingMembersCnt
Independent Voting Member43IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHARLENE BELLOWSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5087933497PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE COLLEGE STREETAddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP016102395ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (66 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
DOROTHY A HAUVER
VICE PRESIDENT AND TREASURER45.000.00Yes (X)$358,245$0$158,349
TRACY BARLOK
VICE PRESIDENT FOR ADVANCEMENT45.000.00$351,411$0$63,009Yes (X)
TIMOTHY JARRY
CHIEF INVEST. OFFICER (THRU 03/2020)45.000.00Yes (X)$351,878$0$59,614
MARGARET FREIJE
PROVOST & DEAN OF THE COLLEGE45.000.00$302,110$0$87,212Yes (X)
ALAN AVERY-PECK
PROFESSOR45.000.00$226,533$0$89,919Yes (X)
ELIZABETH SMALL
GENERAL COUNSEL45.000.00$255,216$0$56,329Yes (X)
WILLIAM CARMODY
HEAD BASKETBALL COACH (THRU 10/2019)45.000.00$268,172$0$42,228Yes (X)
MICHELE MURRAY
VICE PRESIDENT STUDENT AFFAIRS45.000.00$225,927$0$47,825Yes (X)
THOMAS MARTIN
PROFESSOR45.000.00$236,789$0$36,930Yes (X)
FRANK VELLACCIO
SENIOR VICE PRESIDENT EMERITUS45.000.00$212,444$0$56,205Yes (X)
BAOZHANG HE
PROFESSOR (THRU 09/2019)45.000.00$240,919$0$13,362Yes (X)
JANE E CORR
CHIEF OF STAFF & SECRETARY45.000.00Yes (X)$192,468$0$21,569
DANIEL KIM
VP COMMUNICATION (THRU 08/2019)45.000.00$172,668$0$35,015Yes (X)
DANIEL RICCIARDI
INT. CIO & ASST TREAS(AS OF 03/2020)45.000.00Yes (X)$151,287$0$48,829
MARISA GREGG
INT. VP COMM. (AS OF 09/2019)45.000.00$155,784$0$16,122Yes (X)
ELLEN GEORGE BRACKLEY
EXEC ASST & ASST SECRETARY45.000.00Yes (X)$69,112$0$26,505
DOUGLAS M BAKER JR
TRUSTEE3.000.00$0$0$0Yes (X)
MICHAEL G BARRETT
TRUSTEE3.000.00$0$0$0Yes (X)
REV PHILIP L BOROUGHS SJ
PRESIDENT45.000.00Yes (X)$0$0$0Yes (X)
REV MARK G BOSCO SJ
TRUSTEE (AS OF 09/2019)3.000.00$0$0$0Yes (X)
HELEN W BOUCHER MD
TRUSTEE3.000.00$0$0$0Yes (X)
SUSAN POWER CURTIN
TRUSTEE3.000.00$0$0$0Yes (X)
BRIAN P DUGGAN
TRUSTEE (THRU 09/2019)3.000.00$0$0$0Yes (X)
SUSAN F FEITELBERG
TRUSTEE (THRU 09/2019)3.000.00$0$0$0Yes (X)
ANNE M FINK
TRUSTEE (THRU 09/2019)3.000.00$0$0$0Yes (X)
RICHARD S FLAHERTY
TRUSTEE (AS OF 09/2019)3.000.00$0$0$0Yes (X)
REV JAMES G GARTLAND SJ
TRUSTEE/VICE CHAIR3.000.00Yes (X)$0$0$0Yes (X)
REV C KEVIN GILLESPIE SJ
TRUSTEE3.000.00$0$0$0Yes (X)
REV MICHAEL CARL GILSON SJ
TRUSTEE3.000.00$0$0$0Yes (X)
STUART E GRAHAM
TRUSTEE3.000.00$0$0$0Yes (X)
STANLEY E GRAYSON
TRUSTEE3.000.00$0$0$0Yes (X)
MICHAEL GREENE
TRUSTEE3.000.00$0$0$0Yes (X)
ROBERT A HARRINGTON
TRUSTEE3.000.00$0$0$0Yes (X)
LOUIS A HURTADO
TRUSTEE (AS OF 09/2019)3.000.00$0$0$0Yes (X)
BRODERICK D JOHNSON
TRUSTEE (AS OF 09/2019)3.000.00$0$0$0Yes (X)
THOMAS P JOYCE JR
TRUSTEE3.000.00$0$0$0Yes (X)
REV GREGORY A KALSCHEUR SJ
TRUSTEE3.000.00$0$0$0Yes (X)
BRIAN P KELLEY
TRUSTEE3.000.00$0$0$0Yes (X)
JAMES W KEYES
TRUSTEE3.000.00$0$0$0Yes (X)
LINDA M LEMURA
TRUSTEE3.000.00$0$0$0Yes (X)
STEPHANIE COLEMAN LINNARTZ
TRUSTEE3.000.00$0$0$0Yes (X)
STEPHEN A LOVELETTE
TRUSTEE3.000.00$0$0$0Yes (X)
CHERYL A MARTIN
TRUSTEE (AS OF 09/2019)3.000.00$0$0$0Yes (X)
REV MARK S MASSA SJ
TRUSTEE (THRU 09/2019)3.000.00$0$0$0Yes (X)
SHAUN P MATHEWS
TRUSTEE3.000.00$0$0$0Yes (X)
ANN MCELANEY-JOHNSON PHD
TRUSTEE3.000.00$0$0$0Yes (X)
EDWIN J MCLAUGHLIN
TRUSTEE3.000.00$0$0$0Yes (X)
CHRISTOPHER M MILLARD
TRUSTEE3.000.00$0$0$0Yes (X)
JAMES F MOONEY III
TRUSTEE3.000.00$0$0$0Yes (X)
VISAURY MORETA
TRUSTEE3.000.00$0$0$0Yes (X)
ROBERT F MORIARTY
TRUSTEE3.000.00$0$0$0Yes (X)
JOHN P MULLMAN
TRUSTEE3.000.00$0$0$0Yes (X)
REV PETER NGUYEN SJ
TRUSTEE3.000.00$0$0$0Yes (X)
ANDREW J O'BRIEN
TRUSTEE3.000.00$0$0$0Yes (X)
RICHARD H PATTERSON
TRUSTEE/CHAIR3.000.00Yes (X)$0$0$0Yes (X)
WILLIAM J PHELAN
TRUSTEE3.000.00$0$0$0Yes (X)
CORNELIUS B PRIOR JR
TRUSTEE3.000.00$0$0$0Yes (X)
CAROLYN M RISOLI
TRUSTEE3.000.00$0$0$0Yes (X)
SR BARBARA J ROGERS RSCJ
TRUSTEE3.000.00$0$0$0Yes (X)
FRANCINE ROSADO-CRUZ
TRUSTEE3.000.00$0$0$0Yes (X)
MICHAEL H SHANAHAN
TRUSTEE (AS OF 09/2019)3.000.00$0$0$0Yes (X)
STEPHEN P SKINNER
TRUSTEE3.000.00$0$0$0Yes (X)
SUZANNE K STREETER
TRUSTEE (AS OF 09/2019)3.000.00$0$0$0Yes (X)
JOHN J SUYDAM
TRUSTEE3.000.00$0$0$0Yes (X)
SEAN TEEBAGY
TRUSTEE (THRU 09/2019)3.000.00$0$0$0Yes (X)
HON HARRY K THOMAS JR
TRUSTEE3.000.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$3,770,963TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$859,022TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K216IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
DILLER SCOFIDIO RENFRO LLC
601 W 26TH STREET NO 1815NEW YORKNY10001ARCHITECTS$1,343,781
SKANSKA USA BUILDING INC
389 INTERFACE PKWY 5TH FLOORPARSIPPANYNJ07054CONSTRUCTION MANAGEMENT$736,405
CANNON DESIGN
99 SUMMER STREET 600BOSTONMA02110ARCHITECTS$468,311
HOLLAND & KNIGHT LLP
10 ST JAMES AVENUE 11TH FLOORBOSTONMA02116LEGAL SERVICES$405,223
HIRSCH ROBERTS WEINSTEIN LLP
24 FEDERAL STREET 12TH FLOORBOSTONMA02110INVESTIGATION SERVICES$381,529
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K18CntrctRcvdGreaterThan100KCnt
Fundraising$175,153FundraisingAmt
Government Grants$3,690,168GovernmentGrantsAmt
All Other Contributions$40,596,444AllOtherContributionsAmt
Noncash Contributions$19,728,741NoncashContributionsAmt
Total Contributions$44,461,765TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES611600$172,407,213$172,407,213
ROOM AND BOARD611710$28,749,061$28,749,061
SALES OF AUXILLIARY SERVICES722320$4,292,459$3,582,088$710,371
ATHLETICS611710$2,255,009$2,242,665$12,344
ALL OTHER611710$1,154,781$1,154,781
FieldValueIRS element (for citing)
Total Program Service Revenue$208,858,523TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,907,237TotalRevenueColumnAmt
Unrelated Business Revenue$985,558UnrelatedBusinessRevenueAmt
Exclusion$3,921,679ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$191,382RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$191,382RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$191,382TotalRevenueColumnAmt
Exclusion$191,382ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$279,002,476SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$272,143,978SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$6,858,498SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,858,498TotalRevenueColumnAmt
Exclusion$6,858,498ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$131,405FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$175,153ContriRptFundraisingEventAmt
Fundraising Direct Expenses$167,505FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$36,100TotalRevenueColumnAmt
Exclusion-$36,100ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$265,241,305TotalRevenueColumnAmt
Related Or Exempt Func Income$208,135,808RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$1,708,273UnrelatedBusinessRevenueAmt
Exclusion$10,935,459ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$75,353TotalAmt
Program Services$75,353ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$64,452,347TotalAmt
Program Services$64,452,347ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$3,096,953TotalAmt
Program Services$3,096,953ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,114,206TotalAmt
Program Services$646,245ProgramServicesAmt
Management And General$2,073,592ManagementAndGeneralAmt
Fundraising$394,369FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$136,617TotalAmt
Program Services$136,617ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$83,119,052TotalAmt
Program Services$71,818,532ProgramServicesAmt
Management And General$7,269,618ManagementAndGeneralAmt
Fundraising$4,030,902FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$5,023,121TotalAmt
Program Services$4,345,264ProgramServicesAmt
Management And General$441,552ManagementAndGeneralAmt
Fundraising$236,305FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$17,155,064TotalAmt
Program Services$14,452,145ProgramServicesAmt
Management And General$1,773,723ManagementAndGeneralAmt
Fundraising$929,196FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$6,644,471TotalAmt
Program Services$5,563,072ProgramServicesAmt
Management And General$743,352ManagementAndGeneralAmt
Fundraising$338,047FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,740,951TotalAmt
Program Services$6,159ProgramServicesAmt
Management And General$1,732,794ManagementAndGeneralAmt
Fundraising$1,998FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$297,370TotalAmt
Management And General$297,370ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$119,548TotalAmt
Fundraising$119,548FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$3,607,488TotalAmt
Management And General$3,607,488ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$4,065,871TotalAmt
Program Services$2,328,741ProgramServicesAmt
Management And General$1,420,444ManagementAndGeneralAmt
Fundraising$316,686FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$220,945TotalAmt
Program Services$171,103ProgramServicesAmt
Management And General$44,362ManagementAndGeneralAmt
Fundraising$5,480FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$7,690,057TotalAmt
Program Services$5,879,652ProgramServicesAmt
Management And General$948,370ManagementAndGeneralAmt
Fundraising$862,035FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,660,831TotalAmt
Program Services$1,669,252ProgramServicesAmt
Management And General$1,778,813ManagementAndGeneralAmt
Fundraising$212,766FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$8,606,741TotalAmt
Program Services$7,653,869ProgramServicesAmt
Management And General$836,389ManagementAndGeneralAmt
Fundraising$116,483FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,814,157TotalAmt
Program Services$3,341,358ProgramServicesAmt
Management And General$246,076ManagementAndGeneralAmt
Fundraising$226,723FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$605,681TotalAmt
Program Services$559,057ProgramServicesAmt
Management And General$34,905ManagementAndGeneralAmt
Fundraising$11,719FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$6,162,877TotalAmt
Program Services$5,681,633ProgramServicesAmt
Management And General$481,244ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$17,757,737TotalAmt
Program Services$16,282,728ProgramServicesAmt
Management And General$1,475,009ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,426,077TotalAmt
Program Services$51,398ProgramServicesAmt
Management And General$3,143,016ManagementAndGeneralAmt
Fundraising$231,663FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
STUDY ABROAD EXPENSES$5,182,005$5,182,005
FOOD FOR DINING OPER.$4,082,889$3,629,586$194,926$258,377
LIBRARY COLLECTION$1,859,662$1,859,357$305
COST OF MERCH. SOLD$1,378,105$1,249,161$124,326$4,618

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,287,147TotalAmt
Program Services$3,831,294ProgramServicesAmt
Management And General$439,525ManagementAndGeneralAmt
Fundraising$16,328FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$261,383,323TotalAmt
Program Services$223,962,881ProgramServicesAmt
Management And General$29,107,199ManagementAndGeneralAmt
Fundraising$8,313,243FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$15,397BOYAmt
EOY$7,234EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$41,475,921BOYAmt
EOY$125,938,013EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$74,542,230BOYAmt
EOY$65,130,020EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$349,499BOYAmt
EOY$1,497,961EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$6,628,830BOYAmt
EOY$6,458,808EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$461,840BOYAmt
EOY$559,721EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,101,536BOYAmt
EOY$489,601EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$659,556,955LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$312,864,782LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$307,957,101BOYAmt
EOY$346,692,173EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$81,392,786BOYAmt
EOY$70,134,841EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$738,048,033BOYAmt
EOY$697,431,889EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$5,397,857BOYAmt
EOY$5,841,631EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,257,371,030BOYAmt
EOY$1,320,181,892EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$30,498,933BOYAmt
EOY$39,189,138EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$3,462,626BOYAmt
EOY$6,364,373EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$137,325,308BOYAmt
EOY$128,928,048EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$493,469BOYAmt
EOY$847,679EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$22,500,000BOYAmt
EOY$82,500,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$26,097,624BOYAmt
EOY$40,017,614EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$220,377,960BOYAmt
EOY$297,846,852EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$506,038,754BOYAmt
EOY$498,847,990EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$530,954,316BOYAmt
EOY$523,487,050EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,036,993,070BOYAmt
EOY$1,022,335,040EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,257,371,030BOYAmt
EOY$1,320,181,892EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$3,857,982ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$5,872,442NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$12,643,570OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$38,853,240CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$32,343,574CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$48,095,480CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$34,981,534CurrentTaxYearMinus1YearAmt
Current Tax Year$44,461,765CurrentTaxYearAmt
Total$198,735,593TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$38,853,240CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$32,343,574CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$48,095,480CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$34,981,534CurrentTaxYearMinus1YearAmt
Current Tax Year$44,461,765CurrentTaxYearAmt
Total$198,735,593TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$33,526,325SubstantialContributorsTotAmt
Public Support Total170$165,209,268PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,844,451CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,450,455CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,742,961CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,940,153CurrentTaxYearMinus1YearAmt
Current Tax Year$4,113,061CurrentTaxYearAmt
Total$26,091,081TotalAmt
FieldValueIRS element (for citing)
Total Support$224,826,674TotalSupportAmt
Gross Receipts Rltd Activities$988,448,799GrossReceiptsRltdActivitiesAmt
Public Support CY1700.73480PublicSupportCY170Pct
Public Support PY1700.67010PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or Management0PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact Legislators0DirectContactLegislatorsInd
Rallies Demonstrations0RalliesDemonstrationsInd
Other ActivitiesYes (1)OtherActivitiesInd
Other Activities$1,187OtherActivitiesAmt
Total Lobbying Expenditures$1,187TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE C, PART II-B:FormAndLineReferenceDesc
ExplanationTHE COLLEGE PAID MEMBERSHIP DUES OF $79,116 DURING THE FISCAL YEAR TO CERTAIN ORGANIZATIONS WHICH MAY LOBBY ON ITS BEHALF. THE COLLEGE RECEIVED INFORMATION FROM ONE ASSOCIATION THAT DUES OF $1,187 WERE ATTRIBUTABLE TO LOBBYING EXPENDITURES.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Historic StructureYes (X)HistoricStructureInd
Total Easements1TotalEasementsCnt
States Easements Held1StatesEasementsHeldCnt
Written Policy Monitoring0WrittenPolicyMonitoringInd

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$1,305,460AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets Sale0SolicitedAssetsSaleInd
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$785,851,880BeginningYearBalanceAmt
Contributions$4,615,665ContributionsAmt
Investment Earnings Or Losses$4,823,833InvestmentEarningsOrLossesAmt
Grants Or Scholarships$9,295,512GrantsOrScholarshipsAmt
Other Expenditures$21,201,895OtherExpendituresAmt
Administrative Expenses$4,495,329AdministrativeExpensesAmt
End Year Balance$760,298,642EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$783,207,500BeginningYearBalanceAmt
Contributions$6,844,390ContributionsAmt
Investment Earnings Or Losses$29,517,685InvestmentEarningsOrLossesAmt
Grants Or Scholarships$9,115,704GrantsOrScholarshipsAmt
Other Expenditures$21,310,201OtherExpendituresAmt
Administrative Expenses$3,291,790AdministrativeExpensesAmt
End Year Balance$785,851,880EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$748,948,135BeginningYearBalanceAmt
Contributions$9,704,051ContributionsAmt
Investment Earnings Or Losses$56,941,859InvestmentEarningsOrLossesAmt
Grants Or Scholarships$8,613,563GrantsOrScholarshipsAmt
Other Expenditures$20,612,674OtherExpendituresAmt
Administrative Expenses$3,160,308AdministrativeExpensesAmt
End Year Balance$783,207,500EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$680,992,673BeginningYearBalanceAmt
Contributions$12,249,936ContributionsAmt
Investment Earnings Or Losses$83,301,496InvestmentEarningsOrLossesAmt
Grants Or Scholarships$8,133,514GrantsOrScholarshipsAmt
Other Expenditures$16,418,774OtherExpendituresAmt
Administrative Expenses$3,043,682AdministrativeExpensesAmt
End Year Balance$748,948,135EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$721,309,725BeginningYearBalanceAmt
Contributions$10,357,509ContributionsAmt
Investment Earnings Or Losses-$20,182,207InvestmentEarningsOrLossesAmt
Grants Or Scholarships$7,556,453GrantsOrScholarshipsAmt
Other Expenditures$18,979,029OtherExpendituresAmt
Administrative Expenses$3,956,872AdministrativeExpensesAmt
End Year Balance$680,992,673EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.45720BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.28040PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.26240TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,862,105OtherCostOrOtherBasisAmt
Book Value$5,862,105BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$530,918,733OtherCostOrOtherBasisAmt
Depreciation$221,880,026DepreciationAmt
Book Value$309,038,707BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$74,000,969OtherCostOrOtherBasisAmt
Depreciation$59,932,931DepreciationAmt
Book Value$14,068,038BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$48,775,148OtherCostOrOtherBasisAmt
Depreciation$31,051,825DepreciationAmt
Book Value$17,723,323BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$346,692,173TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (5 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
GLOBAL EQUITY$370,508,283F
HEDGE FUND ABS. RETURN$132,689,139F
PRIVATE EQUITY$153,073,343F
REAL ASSETS$37,267,289F
OTHER INVESTMENTS$3,893,835F
FieldValueIRS element (for citing)
Total Book Value Securities$697,431,889TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
INTEREST RATE SWAP$10,833,376
US GOVT REFUNDABLE ADVANCES$5,042,261
ANNUITY OBLIGATIONS$3,806,699
ACCRUED PENSION OBLIGATION$20,335,278
FieldValueIRS element (for citing)
Total Liability$40,017,614TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$175,371,715TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$5,872,442NetUnrealizedGainsInvstAmt
Other Revenue-$79,204,866OtherRevenueAmt
Revenue Not Reported-$85,077,308RevenueNotReportedAmt
Revenue Subtotal$260,449,023RevenueSubtotalAmt
Investment Expenses Not Incld$4,959,787InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$167,505OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$4,792,282RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$265,241,305TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$190,029,727TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$1,195,050OtherExpensesIncludedAmt
Expenses Not Reported$1,195,050ExpensesNotReportedAmt
Expenses Subtotal$188,834,677ExpensesSubtotalAmt
Investment Expenses Not Incld2$4,959,787InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$67,588,859OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$72,548,646ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$261,383,323TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART II, LINE 9:THE COLLEGE HAS NOT RECEIVED ANY GIFT OF PROPERTY SUBJECT TO A CONSERVATION EASEMENT AND THEREFORE DOES NOT REPORT A CONSERVATION EASEMENT IN ITS REVENUE AND EXPENSE STATEMENT OR BALANCE SHEET. TWO OF THE COLLEGE'S BUILDINGS THAT ARE USED FOR ACADEMIC AND ADMINISTRATIVE PURPOSES WERE BUILT IN THE LATE 1800'S AND ARE INCLUDED ON THE HISTORIC REGISTER.
PART III, LINE 4:THROUGH BOTH CONTEMPORARY AND HISTORICAL EXHIBITIONS, THE IRIS AND B. GERALD CANTOR ART GALLERY (THE GALLERY) AT HOLY CROSS EDUCATES THE COLLEGE AND WORCESTER COMMUNITIES ABOUT THE FUNDAMENTAL INTELLECTUAL, CULTURAL, SPIRITUAL AND AESTHETIC ISSUES ENCOUNTERED THROUGH VISUAL ART. OPEN FREE TO THE PUBLIC, THE GALLERY SEEKS TO PROMOTE AND SUPPORT THE INTELLECTUAL AND CULTURAL LIFE OF THE COLLEGE THROUGH THE PRESENTATION AND DISCUSSION OF A DIVERSITY OF VISUAL ARTS. THE GALLERY HAS SPECIAL RESPONSIBILITY FOR INTEGRATING THE LIBERAL ART VALUES OF THE COLLEGE AND THE CLASSROOM BY LINKING EXHIBITIONS TO THE BROADER CURRICULUM AND COMMUNITY.
PART IV, LINE 2B:AGENCY FUNDS ARE HELD BY THE COLLEGE AS CUSTODIAN OR FISCAL AGENT. FUNDS MAY BE HELD FOR RECOGNIZED FACULTY, STAFF, STUDENT OR ALUMNI ORGANIZATIONS THAT ARE COLLECTED FROM ACTIVITY FEES, DUES OR FUNDRAISING. THE FUNDS ARE DEPOSITED WITH THE COLLEGE FOR SAFEKEEPING TO BE USED OR WITHDRAWN BY THE DEPOSITOR UPON PROPER AUTHORIZATION AND DOCUMENTATION. EXPENDITURES FROM THE FUND ARE USED PRIMARILY TO FUND STUDENT ACTIVITIES, TRIPS AND PROJECTS OF INTEREST TO THE STUDENTS OR TO SUPPORT COLLEGE PROGRAMS. EACH AGENCY FUND IS PROVIDED A UNIQUE COST CENTER ESTABLISHED IN THE COLLEGE FINANCIAL RECORDS. THESE COST CENTERS PROVIDE A SAFE, SECURE AND CONVENIENT METHOD OF ACCOUNTING FOR AND ADMINISTERING THESE FUNDS. ALL CUSTODIAL FUNDS FOLLOW THE EXPENDITURE PROCEDURES OUTLINED BY THE COLLEGE. PART V, LINE 2: THE COLLEGE HAS ADOPTED FASB ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS FOR NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2020 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF PART V, LINE 2, THE COLLEGE HAS REPORTED ITS YEAR END ENDOWMENT BALANCE WITHOUT DONOR RESTRICTIONS AS QUASI-ENDOWMENT AND ITS YEAR END BALANCE WITH DONOR RESTRICTIONS AS PERMANENT ENDOWMENT AND TEMPORARILY RESTRICTED ENDOWMENT.
PART V, LINE 4:THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 860 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. THE COLLEGE'S ENDOWMENT FUND SUPPORTS THE FOLLOWING AREAS: FINANCIAL AID FOR STUDENTS, TEACHING, ACADEMIC SUPPORT, STUDENT SERVICES AND ATHLETIC PROGRAMS.
PART X, LINE 2:THE COLLEGE IS A TAX EXEMPT ORGANIZATION AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(A) OF THE CODE AND APPLICABLE STATE LAW. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:CHANGE IN INTEREST RATE SWAP AGREEMENT -2,652,080. POST RETIREMENT BENEFIT CHANGES -9,991,472. INTRA-DEPARTMENTAL REVENUES 1,754,497. FINANCIAL AID RECLASS -67,549,300. BAD DEBT EXPENSE -891,000. AMORTIZATION OF ANNUITY OBLIGATION 164,048. NET MISCELLANEOUS -39,559.
PART XI, LINE 4B - OTHER ADJUSTMENTS:FUNDRAISING EXPENSE -167,505.
PART XII, LINE 2D - OTHER ADJUSTMENTS:INTRA-DEPARTMENTAL REVENUES 1,754,497. FUNDRAISING EXPENSE 167,505. BAD DEBT EXPENSE -891,000. AMORTIZATION OF ANNUITY OBLIGATIONS 164,048.
PART XII, LINE 4B - OTHER ADJUSTMENTS:FINANCIAL AID RECLASS 67,549,300. NET MISCELLANEOUS 39,559.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3A SUMMARY OF THE NON-DISCRIMINATION POLICY IS INCLUDED IN PRINT, ELECTRONIC MEDIA, AND ON THE WEBSITE DESCRIBING COLLEGE ADMISSION REQUIREMENTS.
SCHEDULE E, PART I, LINE 6THE COLLEGE PARTICIPATES IN THE TITLE IV PROGRAM FOR CAMPUS WORK STUDY, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND THE PERKINS LOAN FUND, DIRECT LENDING AND PELL GRANT PROGRAMS. THE COLLEGE IS ALSO PARTICIPATING IN GRANTS WITH THE NATIONAL SCIENCE FOUNDATION TO PROVIDE STEM GRANTS TO STUDENTS STUDYING MATH OR SCIENCES AS A MAJOR.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (17 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
EUROPE (INCLUDING ICELAND & GREENLAND)024PROGRAM SERVICESATTEND COLLEGE ABROAD$3,209,719
EAST ASIA AND THE PACIFIC00PROGRAM SERVICESATTEND COLLEGE ABROAD$806,361
CENTRAL AMERICA AND THE CARIBBEAN00PROGRAM SERVICESATTEND COLLEGE ABROAD$391,680
SOUTH AMERICA02PROGRAM SERVICESATTEND COLLEGE ABROAD$292,073
SUB-SAHARAN AFRICA00PROGRAM SERVICESATTEND COLLEGE ABROAD$123,525
RUSSIA AND NEIGHBORING STATES02PROGRAM SERVICESATTEND COLLEGE ABROAD$40,181
MIDDLE EAST AND NORTH AFRICA00PROGRAM SERVICESATTEND COLLEGE ABROAD$2,730
SOUTH ASIA00PROGRAM SERVICESATTEND COLLEGE ABROAD$480
CENTRAL AMERICA AND THE CARIBBEAN00GRANTMAKING$3,600
EAST ASIA AND THE PACIFIC00GRANTMAKING$408,750
EUROPE (INCLUDING ICELAND & GREENLAND)00GRANTMAKING$1,985,478
MIDDLE EAST AND NORTH AFRICA00GRANTMAKING$82,200
RUSSIA AND NEIGHBORING STATES00GRANTMAKING$61,400
SOUTH AMERICA00GRANTMAKING$511,475
SOUTH ASIA00GRANTMAKING$16,550
SUB-SAHARAN AFRICA00GRANTMAKING$27,500
CENTRAL AMERICA AND THE CARIBBEAN00INVESTMENTS$110,595,978
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees28SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee28TotalEmployeeCnt
Subtotal Spent$4,866,749SubtotalSpentAmt
Continuation Spent$113,692,931ContinuationSpentAmt
Total Spent$118,559,680TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (8 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtDescription Of Non Cash AsstDescriptionOfNonCashAsstTxtValuation Method UsedValuationMethodUsedDesc
SCHOLARSHIPEUROPE (INCLUDING ICELAND & GREENLAND)88$1,985,478$0ACCT CREDITFMV
SCHOLARSHIPSOUTH AMERICA21$511,475$0ACCT CREDITFMV
SCHOLARSHIPEAST ASIA AND THE PACIFIC27$408,750$0ACCT CREDITFMV
SCHOLARSHIPMIDDLE EAST AND NORTH AFRICA4$82,200$0ACCT CREDITFMV
SCHOLARSHIPRUSSIA AND NEIGHBORING STATES1$61,400$0ACCT CREDITFMV
SCHOLARSHIPSUB-SAHARAN AFRICA1$27,500$0ACCT CREDITFMV
SCHOLARSHIPSOUTH ASIA1$16,550$0ACCT CREDITFMV
SCHOLARSHIPCENTRAL AMERICA AND THE CARIBBEAN1$3,600$0ACCT CREDITFMV
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 2:THE COLLEGE MANAGES ALL RELATIONSHIPS WITH INTERNATIONAL HOST INSTITUTIONS DIRECTLY AND CONDUCTS PERIODIC EVALUATIONS OF THE PROGRAMS. STUDENTS ARE BILLED TUITION BY THE COLLEGE. THE COLLEGE MANAGES ALL ASPECTS OF THE PROGRAM AND ITS COSTS PROVIDING FOR ADVISORS, LINGUISTIC SUPPORT AND TUTORIAL ASSISTANCE. PROGRAM COSTS, OTHER THAN SCHOLARSHIPS, ARE TRACKED BY PROGRAM LOCATION. SCHOLARSHIPS ARE PROVIDED TO STUDENTS ATTENDING PROGRAMS ABROAD USING THE SAME METHODOLOGY APPLIED TO STUDENTS WHO ATTEND CLASSES IN THE UNITED STATES AS DESCRIBED ON FORM 990, SCHEDULE I, PART IV.
PART I, LINE 3:ACCOUNTING METHOD USED THE ACCOUNTING METHOD USED TO REPORT EXPENSES FOLLOWS THE ACCRUAL METHOD WHICH IS ALSO THE METHOD OF THE ORGANIZATION'S BOOKS AND RECORDS.
PART III ACCOUNTING METHOD:
PART III, LINE 1:THIS AID IS PROVIDED TO RESIDENT AND NON-RESIDENT STUDENTS ATTENDING A STUDY ABROAD PROGRAM.
PART III:ACCOUNTING METHOD USED THE ACCOUNTING METHOD USED TO REPORT EXPENSES FOLLOWS THE ACCRUAL METHOD WHICH IS ALSO THE METHOD OF THE ORGANIZATION'S BOOKS AND RECORDS.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndGross ReceiptsGrossReceiptsAmtRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmt
PLANNED GIVING MARKETING LLC
620 W GERMANTOWN PIKE SUITE 440PLYMOUTH MEETINGPA19462PROFESSIONAL SERVICES0$0$43,129-$43,129
MARTS & LUNDY INC
160 CHUBB AVE SUITE 303LYNDHURSTNJ07071PROFESSIONAL SERVICES0$0$32,090-$32,090
CARTER HALLIDAY ASSOCIATES
107 SOUTH STREET 5DBOSTONMA02111PROFESSIONAL SERVICES0$0$24,500-$24,500
RONALD JOYCE
39 OAKWOOD DRYARMOUTHME04096PROFESSIONAL SERVICES0$0$12,329-$12,329
MICHAEL GRINLEY
PO BOX 611GOSHENMA01032PROFESSIONAL SERVICES0$0$7,500-$7,500
FieldValueIRS element (for citing)
Total Retained By Contractors$119,548TotalRetainedByContractorsAmt
Total Net To Organization-$119,548TotalNetToOrganizationAmt
Licensed StatesCALicensedStatesCd
Licensed StatesMALicensedStatesCd
Licensed StatesNHLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GOLF CLASSICEvent1Nm
Gross Receipts Event1$155,500GrossReceiptsEvent1Amt
Charitable Contri Event1$71,750CharitableContriEvent1Amt
Gross Revenue Event1$83,750GrossRevenueEvent1Amt
Rent Facility Costs Event1$120,302RentFacilityCostsEvent1Amt
Event2MENS HOCKEYEvent2Nm
Gross Receipts Event2$50,650GrossReceiptsEvent2Amt
Charitable Contri Event2$27,030CharitableContriEvent2Amt
Gross Revenue Event2$23,620GrossRevenueEvent2Amt
Rent Facility Costs Event2$20,591RentFacilityCostsEvent2Amt
Other Events Total2OtherEventsTotalCnt
Gross Receipts Other Events$100,408GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$76,373CharitableContriOtherEventsAmt
Gross Revenue Other Events$24,035GrossRevenueOtherEventsAmt
Rent Fclty Costs Other Events$26,612RentFcltyCostsOtherEventsAmt
Gross Receipts Total$306,558GrossReceiptsTotalAmt
Charitable Contributions Tot$175,153CharitableContributionsTotAmt
Gross Revenue Total Events$131,405GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$167,505RentFcltyCostsTotalEventsAmt
Direct Expense Summary Events$167,505DirectExpenseSummaryEventsAmt
Net Income Summary-$36,100NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
RENSSELAER POLYTECHNIC UNIVERSITY
110 EIGHT STTROYNY12180141340095501(C)(3)$13,344RESEARCH
UNITED WAY OF CENTRAL MASS INC
448 MAIN ST SUITE 300WORCESTERMA01608042104017501(C)(3)$30,000WORCESTER TOGETHER: CENTRAL MASS COVID-19 FUND
TOWN OF WEST BOYLSTON
127 HARTWELL ST SUITE 100WEST BOYLSTONMA01583046001348115$12,000PUBLIC LIBRARY SUPPORT
CITY OF WORCESTER
455 MAIN STWORCESTERMA01608046001418115$10,000YOUTH SUMMER PROGRAMS
ST JOHN'S FOOD FOR THE POOR
20 TEMPLE STWORCESTERMA01604042106729501(C)(3)$10,000FOOD BANK SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org5Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPGrantTypeTxt
Recipient1862RecipientCnt
Cash Grant$64,452,347CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE I, PART I, LINE 1:GRANTS PAID BY THE COLLEGE INCLUDE SUBAWARDS OF FEDERAL RESEARCH FUNDS AND SUPPORT OF CERTAIN CHARITABLE ORGANIZATIONS WITHIN THE WORCESTER AREA. THESE GRANTS ARE CLOSELY TIED TO PROMOTING THE COLLEGE'S CHARITABLE AND EDUCATIONAL MISSION AND CONTRIBUTE TO THE ENRICHMENT OF THE GREATER WORCESTER AREA.
SCHEDULE I, PART I, LINE 2:THE COLLEGE SUPPORTS A NEED BASED FINANCIAL AID POLICY THAT IS REPRESENTATIVE OF ITS ACADEMIC AND SPIRITUAL GOALS AS AN UNDERGRADUATE, JESUIT, LIBERAL ARTS COLLEGE. THE COLLEGE WILL MEET THE FULL DEMONSTRATED NEED OF EACH STUDENT, AS CALCULATED ACCORDING TO NATIONALLY RECOGNIZED FINANCIAL AID CRITERIA. ALL STUDENTS ARE ENCOURAGED TO APPLY REGARDLESS OF THEIR SOCIO-ECONOMIC BACKGROUND. OVER 50% OF ALL STUDENTS ADMITTED RECEIVE SOME FORM OF FINANCIAL ASSISTANCE. STUDENTS ARE REQUIRED TO MAINTAIN SATISFACTORY ACADEMIC PROGRESS TO RECEIVE AID.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DOROTHY A HAUVER
VICE PRESIDENT AND TREASURER$337,196$0$0$0$21,049$0$30,942$0$127,407$0$516,594$0$0$0
TRACY BARLOK
VICE PRESIDENT FOR ADVANCEMENT$322,253$0$0$0$29,158$0$30,942$0$32,067$0$414,420$0$0$0
TIMOTHY JARRY
CHIEF INVEST. OFFICER (THRU 03/2020)$350,531$0$0$0$1,347$0$30,942$0$28,672$0$411,492$0$0$0
MARGARET FREIJE
PROVOST & DEAN OF THE COLLEGE$298,119$0$0$0$3,991$0$30,942$0$56,270$0$389,322$0$0$0
ALAN AVERY-PECK
PROFESSOR$202,363$0$0$0$24,170$0$25,158$0$64,761$0$316,452$0$0$0
ELIZABETH SMALL
GENERAL COUNSEL$253,577$0$0$0$1,639$0$28,542$0$27,787$0$311,545$0$0$0
WILLIAM CARMODY
HEAD BASKETBALL COACH (THRU 10/2019)$222,817$0$0$0$45,355$0$24,907$0$17,321$0$310,400$0$0$0
MICHELE MURRAY
VICE PRESIDENT STUDENT AFFAIRS$224,789$0$0$0$1,138$0$24,656$0$23,169$0$273,752$0$0$0
THOMAS MARTIN
PROFESSOR$228,757$0$0$0$8,032$0$24,956$0$11,974$0$273,719$0$0$0
FRANK VELLACCIO
SENIOR VICE PRESIDENT EMERITUS$193,636$0$0$0$18,808$0$23,668$0$32,537$0$268,649$0$0$0
BAOZHANG HE
PROFESSOR (THRU 09/2019)$64,926$0$0$0$175,993$0$6,677$0$6,685$0$254,281$0$0$0
JANE E CORR
CHIEF OF STAFF & SECRETARY$171,790$0$0$0$20,678$0$19,598$0$1,971$0$214,037$0$0$0
DANIEL KIM
VP COMMUNICATION (THRU 08/2019)$140,584$0$0$0$32,084$0$14,811$0$20,204$0$207,683$0$0$0
DANIEL RICCIARDI
INT. CIO & ASST TREAS(AS OF 03/2020)$150,692$0$0$0$595$0$15,402$0$33,427$0$200,116$0$0$0
MARISA GREGG
INT. VP COMM. (AS OF 09/2019)$155,052$0$0$0$732$0$15,833$0$289$0$171,906$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE J, PART I, LINE 4B:FormAndLineReferenceDesc
ExplanationTHE COLLEGE HAS ESTABLISHED A VOLUNTARY EARLY RETIREMENT PROGRAM FOR TENURED FACULTY MEMBERS WHO HAVE COMPLETED FIFTEEN YEARS OF SERVICE AND ATTAINED THE AGE OF SIXTY-TWO. ELIGIBLE FACULTY MEMBERS ARE ENTITLED TO A PERCENTAGE PAYOUT THAT DECREASES WITH AGE. IN ADDITION, ELIGIBLE FACULTY MEMBERS ARE ABLE TO REMAIN ENROLLED IN THE COLLEGE'S AVAILABLE MEDICAL HEALTH PLANS. BAOZHANG HE RETIRED IN SEPTEMBER 2019 AND RECEIVED $175,280 IN OTHER REPORTABLE COMPENSATION AS PART OF THE COLLEGE'S EARLY RETIREMENT PROGRAM. THERE ARE NO OTHER AMOUNTS TO BE PAID. WILLIAM CARMODY SEPARATED FROM THE ORGANIZATION IN JULY 2019. AS PART OF HIS SEPARATION, HE RECEIVED A CONTINUATION OF CERTAIN BENEFITS IN THE AMOUNT OF $3,792. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
MDFA 2008A
A04343181457583RUZ62008-05-08$45,340,000REFUNDING 2007A ISSUE000
MDFA 2016A
B04343181457584XLE92016-04-06$42,545,003REFUND 2008B ISSUE & CONSTRUCTION000
MDFA 2017A
C04343181457584XR602017-06-06$14,441,700REFUNDING 2007B ISSUE000
MDFA 2018A
D04343181457584YFT12018-06-07$24,144,512REFUNDING 2008B ISSUE000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtOther Spent ProceedsOtherSpentProceedsAmtRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndCapital ExpendituresCapitalExpendituresAmtSubstantial CompletionSubstantialCompletionYr
A$11,915,000$45,340,000$181,594$158,406$45,000,000Yes (1)0Yes (1)Yes (1)
B$1,120,000$42,545,003$476,785$12,063,6580Yes (1)Yes (1)Yes (1)$30,004,5602018
C$3,880,000$14,441,700$208,409$14,233,291Yes (1)0Yes (1)Yes (1)
D$2,410,000$24,144,512$311,467$23,833,045Yes (1)0Yes (1)Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndEngage Bond Counsel ResearchEngageBondCounselResearchIndPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A0Yes (1)Yes (1)0Yes (1)00.009100.0091000Yes (1)
B0Yes (1)Yes (1)0000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndBusiness Name Line2HedgeProviderName/BusinessNameLine2TxtTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
BANK OF AMERICA
A00Yes (1)0Yes (1)Yes (1)LLC28.3000000000000000Yes (1)
(no name)
B000Yes (1)0000Yes (1)
(no name)
C00Yes (1)00000Yes (1)
(no name)
D00Yes (1)00000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)
DYes (1)

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
DATE REBATE COMPUTATION PERFORMEDISSUER NAME: MDFA 2016A DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2020
SCHEDULE K, PART II, LINE 11:THE OTHER SPENT PROCEEDS FROM THE MDFA 2008A WAS USED TO REFUND THE 2007A BOND ISSUE. THE OTHER SPENT PROCEEDS FROM THE MDFA 2016A WAS USED TO REFUND THE 2008B BOND ISSUE. THE OTHER SPENT PROCEEDS FROM THE MDFA 2017A WAS USED TO REFUND THE 2007B BOND ISSUE. THE OTHER SPENT PROCEEDS FROM THE MDFA 2018A WAS USED TO REFUND THE 2008B BOND ISSUE.

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonNOT REQUIREDPersonNm
Relationship With OrgNOT REQUIREDRelationshipWithOrgTxt
Cash Grant$66,595CashGrantAmt
Type Of AssistanceSCHOLARSHIPTypeOfAssistanceTxt
Assistance PurposeSCHOLARSHIPAssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
KEVIN BLANCHARD
OFFICER FAMILY$79,371EMPLOYMENT0
JEFFREY BARLOK
KEY EE FAMILY$57,246EMPLOYMENT0
AE INDUSTRIAL PARTNERS LP
TRUSTEE MANAG PTR.$100,000INVESTMENT & FEES0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE L, PART IV, LINE 1:KEVIN BLANCHARD, AN EMPLOYEE OF THE COLLEGE IS RELATED TO AN OFFICER AND RECEIVED COMPENSATION AND BENEFITS FOR HIS SERVICES TOTALING $79,371 DURING FISCAL YEAR 2020.JEFFREY BARLOK, AN EMPLOYEE OF THE COLLEGE IS RELATED TO A KEY EMPLOYEE AND RECEIVED COMPENSATION AND BENEFITS FOR HIS SERVICES TOTALING $57,246 DURING FISCAL YEAR 2020.
SCHEDULE L, PART IV, LINE 3:AE INDUSTRIAL PARTNERS, LP IS A 35% CONTROLLED ENTITY OF A COLLEGE TRUSTEE. MANAGEMENT AND INCENTIVE FEES PAID BY THE COLLEGE TO AE INDUSTRIAL PARTNERS, LP FOR THE YEAR ENDED 6/30/2020 WERE $100,000.

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution125ContributionCnt
Noncash Contributions Rpt F990$19,728,741NoncashContributionsRptF990Amt
Method Of Determining RevenuesCOSTMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received3Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationCOLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE TO THE COLLEGE.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 4A:THE PRIMARY PROGRAM IS UNDERGRADUATE INSTRUCTION IN THE LIBERAL ARTS THAT LEADS TO A BACHELOR OF ARTS DEGREE. THE CURRICULUM INCLUDES PROGRAMS IN THE ARTS, SCIENCES, SOCIAL SCIENCES AND HUMANITIES. THE PROGRAM EMPHASIZES ACADEMIC BREADTH AND DEPTH SUPPORTED BY ESSENTIAL FOUNDATIONAL SKILLS, SUCH AS CRITICAL THINKING, CLEAR COMMUNICATION, AND CAREFUL ANALYSIS AND SYNTHESIS OF INFORMATION, THAT ARE RELEVANT IN EVERY LINE OF WORK AND STUDY. OF THE 7,200 STUDENTS WHO APPLIED FOR THE FIRST-YEAR CLASS THAT ENROLLED IN FALL 2019 (FISCAL 2020), THIRTY-FOUR PERCENT (OR 2,464) WERE ADMITTED AND 829 OPTED TO ENROLL. THE ENTERING CLASS WAS FORTY FOUR PERCENT MEN AND FIFTY SIX PERCENT WOMEN AND REPRESENTED STUDENTS FROM 38 STATES, TERRITORIES, THE DISTRICT OF COLUMBIA AS WELL AS NINE FOREIGN COUNTRIES. FULL-TIME ENROLLMENT TOTALED 3,142 IN FALL 2019, WITH 708 STUDENTS GRADUATING DURING THE FISCAL YEAR, NEARLY ALL IN MAY 2020. APPROXIMATELY TWENTY FOUR PERCENT OF THE COLLEGE'S FULL-TIME ENROLLMENT CONSISTED OF STUDENTS OF COLOR AND AN ADDITIONAL THREE PERCENT WERE INTERNATIONAL STUDENTS.
FORM 990, PART VI, SECTION A, LINE 1THE COLLEGE'S EXECUTIVE COMMITTEE IS SUBORDINATE TO THE BOARD OF TRUSTEES. HOWEVER, BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE HAS ALL THE POWERS AND DUTIES OF THE BOARD OF TRUSTEES EXCEPT TO APPROVE OR AUTHORIZE CHANGES IN THE ARTICLES OF INCORPORATION OR BYLAWS; TO REMOVE OR ELECT OFFICERS OF THE CORPORATION OR THE PRESIDENT OF THE COLLEGE; TO EFFECT ANY MAJOR CHANGE IN THE NATURE OF THE OPERATIONS OF THE COLLEGE; TO AUTHORIZE ANY MORTGAGE OR ENCUMBRANCE ON ALL OR ANY SUBSTANTIAL PART OF THE PROPERTY OF THE CORPORATION; OR TO CONFER HONORS OR DEGREES. EXECUTIVE COMMITTEE MEMBERS ARE MEMBERS OF THE BOARD OF TRUSTEES. THE COMMITTEE FOR THE YEAR ENDED JUNE 30, 2020 INCLUDED; REV. PHILIP L. BOROUGHS, S.J., HELEN W. BOUCHER, M.D., REV. JAMES G. GARTLAND, S.J., RICHARD H. PATTERSON AND JAMES F. MOONEY III.
FORM 990, PART VI, SECTION B, LINE 11BTHE DRAFT FORM 990 IS PROVIDED TO THE COMMITTEE ON AUDIT AND INSTITUTIONAL RISK OF THE BOARD OF TRUSTEES SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE TO ENABLE A DETAILED AND CONSCIENTIOUS REVIEW BY ALL MEMBERS OF THE COMMITTEE WITH MANAGEMENT AND THE COLLEGE'S TAX ADVISOR. ALL QUESTIONS AND CONCERNS OF THE COMMITTEE ON AUDIT AND INSTITUTIONAL RISK MEMBERS ARE ADDRESSED AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. AFTER THE COMMITTEE ON AUDIT AND INSTITUTIONAL RISK REVIEW, ALL MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED WITH THE COMPLETED FORM 990 IN ADVANCE OF THE FILING DEADLINE VIA A DEDICATED COLLEGE WEBSITE. ALL QUESTIONS AND CONCERNS OF THE MEMBERS OF THE BOARD OF TRUSTEES ARE ADDRESSED BY THE COLLEGE TREASURER AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. AFTER ALL INPUT FROM THE BOARD OF TRUSTEES AND THE COMMITTEE ON AUDIT AND INSTITUTIONAL RISK HAS BEEN APPROPRIATELY ADDRESSED, THE TREASURER OF THE COLLEGE AUTHORIZES THE COLLEGE'S TAX ADVISOR TO FILE THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12CALL OFFICERS, TRUSTEES AND KEY EMPLOYEES ASSUME RESPONSIBILITY FOR CONSIDERING POSSIBLE CONFLICTS OF INTEREST THAT ARISE DURING SERVICE WITH THE COLLEGE. TO HELP OFFICERS, TRUSTEES, AND KEY EMPLOYEES IDENTIFY POSSIBLE CONFLICTS OF INTEREST, THE COLLEGE HAS DEVELOPED A DISCLOSURE FORM THAT MUST BE COMPLETED AND UPDATED AT LEAST ANNUALLY DURING THE COURSE OF THEIR SERVICE. OFFICERS, TRUSTEES, AND KEY EMPLOYEES MUST ALSO DISCLOSE ANY CONFLICT OF INTEREST AS SOON AS THEY BECOME AWARE OF ANY CONFLICT. THE COLLEGE'S GENERAL COUNSEL WILL REVIEW THE DISCLOSURES AND REPORT CONFLICTS OF INTEREST TO THE CHAIRMAN OF THE BOARD OF TRUSTEES AND THE COMMITTEE ON AUDIT AND INSTITUTIONAL RISK. THE COMMITTEE ON AUDIT AND INSTITUTIONAL RISK CONSIDERS THE BEST INTERESTS OF THE COLLEGE AND THE NATURE OF THE CONFLICT. THE COMMITTEE ON AUDIT AND INSTITUTIONAL RISK EVALUATES THE CIRCUMSTANCES OF THE ISSUE OR TRANSACTION TO ENSURE THAT IT IS REASONABLE AND THAT THEY HAVE CONSIDERED ANY POTENTIAL IMPLICATIONS OF ENTERING INTO A TRANSACTION OR DECIDING AN ISSUE WHERE A CONFLICT EXISTS. THE COMMITTEE ON AUDIT AND INSTITUTIONAL RISK MAY CONSIDER WHETHER ADVICE FROM LEGAL COUNSEL OR OTHER INDEPENDENT ADVISORS IS NECESSARY IN PARTICULAR INSTANCES. THE COMMITTEE ON AUDIT AND INSTITUTIONAL RISK WILL DELIBERATE ON THE REPORTED CONFLICT AND VOTE TO MAKE ONE OF TWO DETERMINATIONS: THAT NO MATERIAL CONFLICT OF INTEREST EXISTS AND NO ACTION IS NECESSARY OR THAT A MATERIAL CONFLICT OF INTEREST DOES EXIST AND DETERMINE HOW TO ADDRESS THE IDENTIFIED CONFLICT. THESE FINDINGS WILL BE COMMUNICATED TO THE CHAIRMAN OF THE BOARD OF TRUSTEES AND THE BOARD MEETING MINUTES SHALL REFLECT THE NATURE OF THE CONFLICT AND THE COMMITTEE ON AUDIT AND INSTITUTIONAL RISK'S DETERMINATION WITH RESPECT TO THE SPECIFIC PROCEDURES THE MEMBER WILL FOLLOW REGARDING THE ISSUE OR TRANSACTION.
FORM 990, PART VI, SECTION B, LINE 15THE BYLAWS (ARTICLE 2, SECTION 6) OF THE COLLEGE ESTABLISH THAT THE BOARD OF TRUSTEES HAS THE AUTHORITY TO HIRE, EMPLOY, AND SET THE REMUNERATION OF THE PRESIDENT AND OFFICERS OF THE CORPORATION. THE EXECUTIVE COMMITTEE, AN INDEPENDENT AUTHORIZED BODY OF THE BOARD OF TRUSTEES, HAS BEEN ASSIGNED THE RESPONSIBILITY FOR EVALUATING COMPENSATION REASONABLENESS FOR ALL OFFICERS AND HIGHLY PAID EMPLOYEES. THE EXECUTIVE COMMITTEE IS COMPOSED OF FIVE TO SIX MEMBERS AND INCLUDES THE PRESIDENT WHO IS EX-OFFICIO CHAIR AND A MEMBER OF THE COMMITTEE. THE EXECUTIVE COMMITTEE REVIEWS THE ENTIRE COMPENSATION PACKAGE INCLUDING BENEFITS BY ASSESSING THE NATURE AND SCOPE OF EACH POSITION, ASSESSING THE INDIVIDUALS HOLDING EACH POSITION INCLUDING THEIR UNIQUE BACKGROUND, EXPERIENCE, PERSONAL SKILLS, PERFORMANCE AND BY OBTAINING APPROPRIATE AND COMPARABLE COMPENSATION MARKET DATA FROM SIMILARLY SITUATED ORGANIZATIONS, BOTH FOR-PROFIT AND TAX EXEMPT FOR FUNCTIONALLY COMPARABLE POSITIONS INCLUDING COMPARATIVE DATA FROM OTHER COLLEGES AND UNIVERSITIES, MARKET SURVEYS AND INDEPENDENT COMPENSATION SURVEYS BY NATIONALLY RECOGNIZED INDEPENDENT FIRMS. IN ADDITION, THE EXECUTIVE COMMITTEE RETAINS AN INDEPENDENT COMPENSATION CONSULTANT ANNUALLY, TO REVIEW EXECUTIVE COMPENSATION. THE EXECUTIVE COMMITTEE DELIBERATES THE INFORMATION PROVIDED AND RELATIVE CONTRIBUTION OF EACH INDIVIDUAL BEFORE VOTING ON A COMPENSATION PACKAGE. COMPENSATION FOR THE PRESIDENT, A MEMBER OF THE SOCIETY OF JESUS, IS PAID DIRECTLY TO HIS ORDER. RECORDS OF THE EXECUTIVE COMMITTEE ARE ADEQUATELY DOCUMENTED. THE LAST COMPENSATION STUDY WAS PERFORMED IN MAY OF 2019.
FORM 990, PART VI, SECTION C, LINE 19THE COLLEGE'S GOVERNING DOCUMENTS, ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS ALSO AVAILABLE UPON REQUEST. THE COLLEGE'S FINANCIAL STATEMENTS ARE POSTED ON THE COLLEGE WEBSITE UNDER THE OFFICE OF THE CONTROLLER.
FORM 990, PART XI, LINE 9:CHANGE IN INTEREST SWAP AGREEMENT -2,652,080. POST RETIREMENT BENEFIT CHANGES -9,991,472. OTHER -18.

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