TRUSTEES OF THE COLLEGE OF THE HOLY CROSS: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- TRUSTEES OF THE COLLEGE OF THE HOLY CROSS (EIN 04-2103558)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-05-14
- IRS object ID
- 201831349349303718
- Schema version
- 2016v3.1
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-14T10:59:46-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 FINANCIAL CENTER 60 SOUTH ST | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103558 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUSTEES OF THE COLLEGE OF THE HOLY CROSS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Charlene Bellows | InCareOfNm |
| Business Name Control | TRUS | BusinessNameControlTxt |
| Phone | 5087932514 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One College Street | AddressLine1Txt |
| City | Worcester | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 016102395 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DOROTHY A HAUVER | PersonNm |
| Person Title | DIRECTOR OF FINANCE & ASST TREAS | PersonTitleTxt |
| Phone | 5087933497 | PhoneNum |
| Signature | 2018-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THOMAS CYR | PreparerPersonNm |
| PTIN | P00651101 | PTIN |
| Phone | 6179881000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | College of the Holy Cross | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Philip Boroughs SJ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One College Street | AddressLine1Txt |
| City | Worcester | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 016102395 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $512,406,887 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | holycross.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1843 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | COLLEGE OF THE HOLY CROSS IS A PRIVATE, JESUIT, LIBERAL ARTS COLLEGE DEDICATED TO THE PURSUIT OF EXCELLENCE IN TEACHING, LEARNING, SERVICE OF FAITH AND PROMOTION OF JUSTICE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 39 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 39 | VotingMembersIndependentCnt |
| Total Employee | 3272 | TotalEmployeeCnt |
| Total Volunteers | 3000 | TotalVolunteersCnt |
| Total Gross UBI | $738,148 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$785,557 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $38,853,240 | PYContributionsGrantsAmt |
| CY Contributions Grants | $32,343,574 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $181,335,688 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $188,370,239 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,020,247 | PYInvestmentIncomeAmt |
| CY Investment Income | $34,983,852 | CYInvestmentIncomeAmt |
| PY Other Revenue | $195,711 | PYOtherRevenueAmt |
| CY Other Revenue | $115,286 | CYOtherRevenueAmt |
| PY Total Revenue | $228,404,886 | PYTotalRevenueAmt |
| CY Total Revenue | $255,812,951 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $51,077,176 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $54,113,968 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $104,333,680 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $106,826,150 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $601,932 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $177,074 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $8,335,336 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $66,457,856 | PYOtherExpensesAmt |
| CY Other Expenses | $68,444,969 | CYOtherExpensesAmt |
| PY Total Expenses | $222,470,644 | PYTotalExpensesAmt |
| CY Total Expenses | $229,562,161 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,934,242 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $26,250,790 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,100,921,095 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,178,933,055 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $235,627,372 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $223,449,231 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $865,293,723 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $955,483,824 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO 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 Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $197,451,510 | ExpenseAmt |
| Grant | $54,028,667 | GrantAmt |
| Revenue | $187,581,228 | RevenueAmt |
| Desc | THE PRIMARY PROGRAM IS UNDERGRADUATE INSTRUCTION IN THE LIBERAL ARTS LEADING 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $789,011 | ExpenseAmt |
| Grant | $85,301 | GrantAmt |
| Revenue | $789,011 | RevenueAmt |
| Desc | BASIC RESEARCH IN CHEMISTRY, PHYSICS, PSYCHOLOGY AND BIOLOGY. THE RESEARCH IS FUNDING BY PRIVATE GRANTS AND THE US GOVERNMENT. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $198,240,521 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | Yes (true) | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (true) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 4634 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 3272 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | GK | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 39 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 39 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Charlene Bellows | PersonNm |
| Phone | 5087933497 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One College Street | AddressLine1Txt |
| City | Worcester | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 016102395 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (60 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| Douglas M Baker Jr | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Michael G Barrett | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Rev Philip L Boroughs SJ | |||||||||
| President | 45.0 | 0.0 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Helen W Boucher MD | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Susan F Feitelberg | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Anne M Fink | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Rev Kevin T Fitzgerald SJ | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Rev James G Gartland SJ | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Rev Michael Carl Gilson SJ | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Stuart E Graham | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Stanley E Grayson | |||||||||
| Trustee (as of 9/2016) | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Michael Greene | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Rev Thomas Greene SJ | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Thomas P Joyce Jr | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Brian P Kelley | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Linda M LeMura | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Stephen A Lovelette | |||||||||
| Trustee (as of 9/2016) | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| John J Mahoney Jr | |||||||||
| Trustee/Chair | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Rev Mark S Massa SJ | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Shaun P Mathews | |||||||||
| Trustee (AS OF 9/2016) | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Ann McElaney-Johnson PhD | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Edwin J McLaughlin Jr | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Kathleen McLaughlin LaCroix | |||||||||
| Trustee/Vice Chair | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| John D Milner | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| James F Mooney III | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Robert F Moriarty | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Robert S Morrison | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| John P Mullman | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Andrew J O'Brien | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Richard H Patterson | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| William J Phelan | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Susan Power Curtin | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Cornelius B Prior Jr | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Maria Eugenia Ferre Rangel | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Carolyn M Risoli | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Sr Barbara J Rogers RSCJ | |||||||||
| Trustee (as of 9/2016) | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Francine Rosado-Cruz | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| William J Teuber Jr | |||||||||
| Trustee | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Sarah C Valente | |||||||||
| Trustee (as of 9/2016) | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Thomas H Carey | |||||||||
| Trustee (until 9/2016) | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| William M Doran Jr | |||||||||
| Trustee (until 9/2016) | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| John B Fisher | |||||||||
| Trustee (until 9/2016) | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Nancy M Taylor | |||||||||
| Trustee (until 9/2016) | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Yarlennys K Villaman | |||||||||
| Trustee (until 9/2016) | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Lori A Blackwell | |||||||||
| Exec Asst to the President | 45.0 | 0.0 | $69,743 | $0 | $49,020 | Yes (X) | |||
| Jane E Corr | |||||||||
| Special Asst to the President | 45.0 | 0.0 | $169,293 | $0 | $19,889 | Yes (X) | |||
| Elizabeth Dionne | |||||||||
| Director and Asst Treasurer | 45.0 | 0.0 | $182,268 | $0 | $43,269 | Yes (X) | |||
| Dorothy A Hauver | |||||||||
| Vice President and Treasurer | 45.0 | 0.0 | $282,554 | $0 | $48,475 | Yes (X) | |||
| Timothy Jarry | |||||||||
| Chief Investment Officer | 45.0 | 0.0 | $560,425 | $0 | $48,475 | Yes (X) | |||
| FRANK VELLACCIO | |||||||||
| SENIOR VICE PRESIDENT | 45.0 | 0.0 | $310,813 | $0 | $48,475 | Yes (X) | |||
| Tracy Barlok | |||||||||
| Vice President for Advancement | 45.0 | 0.0 | $343,689 | $0 | $48,475 | Yes (X) | |||
| REV WILLIAM CAMPBELL SJ | |||||||||
| VICE PRESIDENT FOR MISSION | 45.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| Margaret Freije | |||||||||
| VP for Academic Affairs | 45.0 | 0.0 | $257,601 | $0 | $94,065 | Yes (X) | |||
| Jacqueline Peterson | |||||||||
| Dean of Students | 45.0 | 0.0 | $202,715 | $0 | $41,569 | Yes (X) | |||
| Elizabeth Small | |||||||||
| General Counsel | 45.0 | 0.0 | $189,446 | $0 | $38,691 | Yes (X) | |||
| WILLIAM CARMODY | |||||||||
| HEAD BASKETBALL COACH | 45.0 | 0.0 | $396,420 | $0 | $48,332 | Yes (X) | |||
| James Kee | |||||||||
| Professor | 45.0 | 0.0 | $253,406 | $0 | $10,818 | Yes (X) | |||
| Nathan Pine | |||||||||
| Director of Athletics | 45.0 | 0.0 | $283,366 | $0 | $47,000 | Yes (X) | |||
| Susan Rodgers | |||||||||
| Professor | 45.0 | 0.0 | $297,724 | $0 | $17,088 | Yes (X) | |||
| Charles Weiss | |||||||||
| Professor | 45.0 | 0.0 | $287,104 | $0 | $23,375 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,086,567 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $627,016 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 146 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Diller Scofidio Renfro LLC | |||||
| 601 W 26th Street No 1815 | New York | NY | 10001 | Architect | $3,638,430 |
| Skanska USA Building Inc | |||||
| 389 Interpace Pkwy 5th Floor | Parsippany | NJ | 07054 | Construction mgmt | $1,088,908 |
| Sasaki Associates Inc | |||||
| 64 Pleasant Street | Waltham | MA | 02472 | Architect | $632,273 |
| Cambridge Associates | |||||
| 125 High Street | Boston | MA | 02110 | Investment services | $503,025 |
| Educe LLC | |||||
| PO Box 218 | Reisterstown | MD | 21136 | Consulting services | $461,871 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 20 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $579,568 | FundraisingAmt |
| All Other Contributions | $31,764,006 | AllOtherContributionsAmt |
| Noncash Contributions | $4,112,176 | NoncashContributionsAmt |
| Total Contributions | $32,343,574 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Tuition and fees | 611600 | $143,094,110 | $143,094,110 | |
| Room and board | 611710 | $32,086,505 | $32,086,505 | |
| Sales of auxilliary services | 722320 | $6,008,648 | $4,507,711 | $1,500,937 |
| Athletics | 611710 | $3,220,707 | $3,220,707 | |
| Grant and student aid revenue | 611710 | $2,312,060 | $2,312,060 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,648,209 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,648,209 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $188,370,239 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,500,770 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$762,789 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,263,559 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $29,553 | TotalRevenueColumnAmt |
| Exclusion | $29,553 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $157,343 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $157,343 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $157,343 | TotalRevenueColumnAmt |
| Exclusion | $157,343 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $287,808,809 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $256,355,280 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $31,453,529 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $31,453,529 | TotalRevenueColumnAmt |
| Exclusion | $31,453,529 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $196,599 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $579,568 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $238,656 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$42,057 | TotalRevenueColumnAmt |
| Exclusion | -$42,057 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $255,812,951 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $186,869,302 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $738,148 | UnrelatedBusinessRevenueAmt |
| Exclusion | $35,861,927 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,301 | TotalAmt |
| Program Services | $110,301 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,080,888 | TotalAmt |
| Program Services | $51,080,888 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,922,779 | TotalAmt |
| Program Services | $2,922,779 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,097,865 | TotalAmt |
| Program Services | $569,558 | ProgramServicesAmt |
| Management And General | $2,008,422 | ManagementAndGeneralAmt |
| Fundraising | $519,885 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,091 | TotalAmt |
| Program Services | $22,091 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,694,506 | TotalAmt |
| Program Services | $64,609,342 | ProgramServicesAmt |
| Management And General | $7,697,012 | ManagementAndGeneralAmt |
| Fundraising | $3,388,152 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,365,944 | TotalAmt |
| Program Services | $5,395,129 | ProgramServicesAmt |
| Management And General | $678,635 | ManagementAndGeneralAmt |
| Fundraising | $292,180 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,317,567 | TotalAmt |
| Program Services | $13,565,851 | ProgramServicesAmt |
| Management And General | $1,969,084 | ManagementAndGeneralAmt |
| Fundraising | $782,632 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,328,177 | TotalAmt |
| Program Services | $4,386,446 | ProgramServicesAmt |
| Management And General | $679,959 | ManagementAndGeneralAmt |
| Fundraising | $261,772 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $346,372 | TotalAmt |
| Program Services | $42,288 | ProgramServicesAmt |
| Management And General | $286,431 | ManagementAndGeneralAmt |
| Fundraising | $17,653 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $261,000 | TotalAmt |
| Management And General | $261,000 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $177,074 | TotalAmt |
| Fundraising | $177,074 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,375,826 | TotalAmt |
| Management And General | $1,375,826 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,826,990 | TotalAmt |
| Program Services | $1,970,054 | ProgramServicesAmt |
| Management And General | $1,522,423 | ManagementAndGeneralAmt |
| Fundraising | $334,513 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $870,065 | TotalAmt |
| Program Services | $715,857 | ProgramServicesAmt |
| Management And General | $147,059 | ManagementAndGeneralAmt |
| Fundraising | $7,149 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,173,337 | TotalAmt |
| Program Services | $5,454,541 | ProgramServicesAmt |
| Management And General | $463,296 | ManagementAndGeneralAmt |
| Fundraising | $1,255,500 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,584,644 | TotalAmt |
| Program Services | $1,279,951 | ProgramServicesAmt |
| Management And General | $1,239,557 | ManagementAndGeneralAmt |
| Fundraising | $65,136 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,757,285 | TotalAmt |
| Program Services | $8,007,634 | ProgramServicesAmt |
| Management And General | $633,195 | ManagementAndGeneralAmt |
| Fundraising | $116,456 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,548,388 | TotalAmt |
| Program Services | $4,038,787 | ProgramServicesAmt |
| Management And General | $192,585 | ManagementAndGeneralAmt |
| Fundraising | $317,016 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $725,201 | TotalAmt |
| Program Services | $640,991 | ProgramServicesAmt |
| Management And General | $59,790 | ManagementAndGeneralAmt |
| Fundraising | $24,420 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,915,627 | TotalAmt |
| Program Services | $6,458,081 | ProgramServicesAmt |
| Management And General | $457,546 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,857,057 | TotalAmt |
| Program Services | $12,575,970 | ProgramServicesAmt |
| Management And General | $1,281,087 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,226,592 | TotalAmt |
| Program Services | $33,522 | ProgramServicesAmt |
| Management And General | $961,546 | ManagementAndGeneralAmt |
| Fundraising | $231,524 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Study abroad expenses | $5,018,654 | $5,018,654 | ||
| Food for dining operations | $5,190,662 | $4,352,521 | $304,943 | $533,198 |
| Library collection | $2,031,142 | $2,031,142 | ||
| OTHER COSTS | $3,736,127 | $2,958,143 | $766,908 | $11,076 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $229,562,161 | TotalAmt |
| Program Services | $198,240,521 | ProgramServicesAmt |
| Management And General | $22,986,304 | ManagementAndGeneralAmt |
| Fundraising | $8,335,336 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,424 | BOYAmt |
| EOY | $12,565 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,663,143 | BOYAmt |
| EOY | $25,185,741 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,577,918 | BOYAmt |
| EOY | $65,312,370 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $256,823 | BOYAmt |
| EOY | $286,016 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,379,278 | BOYAmt |
| EOY | $6,982,324 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $459,406 | BOYAmt |
| EOY | $598,243 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $786,473 | BOYAmt |
| EOY | $550,052 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $555,148,666 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $261,336,477 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $240,421,753 | BOYAmt |
| EOY | $293,812,189 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,558,161 | BOYAmt |
| EOY | $117,137,019 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $604,903,576 | BOYAmt |
| EOY | $664,672,462 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,902,140 | BOYAmt |
| EOY | $4,384,074 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,100,921,095 | BOYAmt |
| EOY | $1,178,933,055 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,458,566 | BOYAmt |
| EOY | $38,030,367 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,312,205 | BOYAmt |
| EOY | $5,812,744 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $161,963,370 | BOYAmt |
| EOY | $154,555,605 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $967,129 | BOYAmt |
| EOY | $623,539 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $2,500,000 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,926,102 | BOYAmt |
| EOY | $21,926,976 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $235,627,372 | BOYAmt |
| EOY | $223,449,231 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $391,784,449 | BOYAmt |
| EOY | $476,926,558 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $275,793,243 | BOYAmt |
| EOY | $275,756,107 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $197,716,031 | BOYAmt |
| EOY | $202,801,159 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $865,293,723 | BOYAmt |
| EOY | $955,483,824 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,100,921,095 | BOYAmt |
| EOY | $1,178,933,055 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $26,250,790 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $52,323,290 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $11,616,021 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $25,142,412 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $53,747,383 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $90,605,654 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $38,853,240 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,343,574 | CurrentTaxYearAmt |
| Total | $240,692,263 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $25,142,412 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $53,747,383 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $90,605,654 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $38,853,240 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,343,574 | CurrentTaxYearAmt |
| Total | $240,692,263 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $76,165,764 | SubstantialContributorsTotAmt |
| Public Support Total170 | $164,526,499 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,899,689 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,619,806 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,241,717 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,844,451 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,450,455 | CurrentTaxYearAmt |
| Total | $30,056,118 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $69,850 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus2 Years | $36,976 | CurrentTaxYearMinus2YearsAmt |
| Total | $106,826 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $270,855,207 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $876,132,373 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.60743 | PublicSupportCY170Pct |
| Public Support PY170 | 0.59610 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Direct Lobbying | TotalDirectLobbyingGrp |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Exempt Purpose Expend | OtherExemptPurposeExpendGrp |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 | $2,037 | CurrentYearMinus2Amt |
| Current Year | $0 | CurrentYearAmt |
| Total | $2,037 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $3,056 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 | $185 | CurrentYearMinus2Amt |
| Current Year | $0 | CurrentYearAmt |
| Total | $185 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 | $9 | CurrentYearMinus2Amt |
| Current Year | $0 | CurrentYearAmt |
| Total | $9 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $14 | GrassrootsCeilingAmt |
Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Total | $0 | TotalAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-A | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE PAYS DUES TO SOME EDUCATIONAL ASSOCIATIONS. A PORTION OF THESE DUES MAY OR MAY NOT BE ATTRIBUTABLE TO LOBBYING ON BEHALF OF THE ASSOCIATION MEMBERS. THE COLLEGE IS UNABLE TO DETERMINE WHAT PORTION OF THE DUES, IF ANY, IS RELATED TO LOBBYING. FOR THESE ORGANIZATIONS THE COLLEGE PAID ANNUAL DUES OF $26,695 TO THE ASSOCIATION OF JESUIT COLLEGES AND UNIVERSITIES, $20,418 TO THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES AND $5,055 TO THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Historic Structure | Yes (X) | HistoricStructureInd |
| Total Easements | 1 | TotalEasementsCnt |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | false | WrittenPolicyMonitoringInd |
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $0 | RevenuesIncludedAmt |
| Assets Included | $1,301,660 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Held Works Art | HeldWorksArtGrp | |
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $680,992,673 | BeginningYearBalanceAmt |
| Contributions | $12,249,936 | ContributionsAmt |
| Investment Earnings Or Losses | $83,301,496 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $8,133,514 | GrantsOrScholarshipsAmt |
| Other Expenditures | $16,418,774 | OtherExpendituresAmt |
| Administrative Expenses | $3,043,682 | AdministrativeExpensesAmt |
| End Year Balance | $748,948,135 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $721,309,725 | BeginningYearBalanceAmt |
| Contributions | $10,357,509 | ContributionsAmt |
| Investment Earnings Or Losses | -$20,182,207 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $7,556,453 | GrantsOrScholarshipsAmt |
| Other Expenditures | $18,979,029 | OtherExpendituresAmt |
| Administrative Expenses | $3,956,872 | AdministrativeExpensesAmt |
| End Year Balance | $680,992,673 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $726,052,159 | BeginningYearBalanceAmt |
| Contributions | $7,853,248 | ContributionsAmt |
| Investment Earnings Or Losses | $16,284,080 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,834,421 | GrantsOrScholarshipsAmt |
| Other Expenditures | $18,597,329 | OtherExpendituresAmt |
| Administrative Expenses | $3,448,012 | AdministrativeExpensesAmt |
| End Year Balance | $721,309,725 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $634,912,204 | BeginningYearBalanceAmt |
| Contributions | $18,820,480 | ContributionsAmt |
| Investment Earnings Or Losses | $99,769,028 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,107,435 | GrantsOrScholarshipsAmt |
| Other Expenditures | $17,903,295 | OtherExpendituresAmt |
| Administrative Expenses | $3,438,823 | AdministrativeExpensesAmt |
| End Year Balance | $726,052,159 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $589,769,388 | BeginningYearBalanceAmt |
| Contributions | $13,139,372 | ContributionsAmt |
| Investment Earnings Or Losses | $57,900,198 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,726,411 | GrantsOrScholarshipsAmt |
| Other Expenditures | $16,737,983 | OtherExpendituresAmt |
| Administrative Expenses | $3,432,360 | AdministrativeExpensesAmt |
| End Year Balance | $634,912,204 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.47000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.26000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.27000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,747,301 | OtherCostOrOtherBasisAmt |
| Book Value | $5,747,301 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $441,081,133 | OtherCostOrOtherBasisAmt |
| Depreciation | $182,087,181 | DepreciationAmt |
| Book Value | $258,993,952 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovementsGrp |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $63,379,942 | OtherCostOrOtherBasisAmt |
| Depreciation | $53,002,062 | DepreciationAmt |
| Book Value | $10,377,880 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $44,940,290 | OtherCostOrOtherBasisAmt |
| Depreciation | $26,247,234 | DepreciationAmt |
| Book Value | $18,693,056 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $293,812,189 | TotalBookValueLandBuildingsAmt |
| Financial Derivatives | FinancialDerivativesGrp | |
| Closely Held Equity Interests | CloselyHeldEquityInterestsGrp |
Other Securities OtherSecuritiesGrp (7 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| GLOBAL BONDS | $18,068,736 | F |
| GLOBAL EQUITY | $360,867,108 | F |
| REAL ASSETS | $68,902,176 | F |
| OTHER INVESTMENTS | $3,390,915 | F |
| PRIVATE EQUITY | $70,094,187 | F |
| HEDGE FUND ABSOLUTE RETURN | $118,571,473 | F |
| COMMODITIES | $24,777,867 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $664,672,462 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| INTEREST RATE SWAP | $8,453,104 |
| US GOVT REFUNDABLE ADVANCES | $4,907,634 |
| ANNUITY OBLIGATIONS | $4,274,948 |
| ACCRUED PENSION OBLIGATION | $4,291,290 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $21,926,976 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $265,951,095 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $52,323,290 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $11,616,021 | OtherRevenueAmt |
| Revenue Not Reported | $63,939,311 | RevenueNotReportedAmt |
| Revenue Subtotal | $202,011,784 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $3,449,473 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $50,351,694 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $53,801,167 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $255,812,951 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $175,760,994 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $3,651,973 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $3,651,973 | ExpensesNotReportedAmt |
| Expenses Subtotal | $172,109,021 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $3,449,473 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $54,003,667 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $57,453,140 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $229,562,161 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 CONNECTED BUILDINGS ON THE COLLEGE CAMPUS 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 4 | THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 825 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 LAWS. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. |
| PART XI LINE 2D | OTHER AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990 PART VIII LINE 12: CHANGE IN INTEREST RATE SWAP AGREEMENT $ 3,513,375 POST RETIREMENT BENEFIT CHANGES $ 7,776,153 GAIN ON DEBT DEFEASANCE $ 326,493 ------------- TOTAL LINE 2D $11,616,021 |
| PART XI LINE 4B | OTHER AMOUNTS INCLUDED ON FORM 990 PART VIII LINE 12 BUT NOT ON LINE 1: FINANCIAL AID RECLASS $54,003,667 INTRA-DEPARTMENTAL REVENUES $(2,922,106) FUNDRAISING EXPENSE $ (238,656) BAD DEBT EXPENSE $ (356,325) NET MISCELLANEOUS $ (134,886) -------------- TOTAL LINE 4B $50,351,694 |
| PART XII, LINE 2D | OTHER AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990 PART IX LINE 25: INTRA-DEPARTMENTAL REVENUES $2,922,106 FUNDRAISING EXPENSE $ 238,656 BAD DEBT EXPENSE $ 356,325 NET MISCELLANEOUS $ 134,886 ------------ TOTAL LINE 2D $3,651,973 |
| PART XII, LINE 4D | OTHER AMOUNTS INCLUDED ON FORM 990 PART IX LINE 25 BUT NOT ON LINE 1: FINANCIAL AID RECLASS $54,003,667 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I LINE 3 | FormAndLineReferenceDesc |
| Explanation | A SUMMARY OF THE NON-DISCRIMINATION POLICY IS INCLUDED IN PRINT AND ELECTRONIC MEDIA DESCRIBING COLLEGE ADMISSION REQUIREMENTS. PART II LINE 6A THE 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. | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (16 entries)
| RegionRegionTxt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| Europe (Including Iceland and Greenland) | 31 | Program Services | attend college abroad | $3,652,309 |
| East Asia and the Pacific | Program Services | attend college abroad | $561,649 | |
| South America | 3 | Program Services | attend college abroad | $348,537 |
| Central America and the Caribbean | Program Services | attend college abroad | $295,875 | |
| Russia and the Newly Independent States | 2 | Program Services | attend college abroad | $75,820 |
| South Asia | Program Services | attend college abroad | $64,435 | |
| Middle East and North Africa | Program Services | attend college abroad | $2,395 | |
| Central America and the Caribbean | Investments | $223,162,457 | ||
| Europe (Including Iceland and Greenland) | Investments | $1,595,227 | ||
| Europe (Including Iceland and Greenland) | Program Services | SCHOLARSHIPS | $2,006,563 | |
| East Asia and the Pacific | Program Services | SCHOLARSHIPS | $365,119 | |
| South America | Program Services | SCHOLARSHIPS | $335,320 | |
| Central America and the Caribbean | Program Services | SCHOLARSHIPS | $91,000 | |
| Russia and the Newly Independent States | Program Services | SCHOLARSHIPS | $73,386 | |
| South Asia | Program Services | SCHOLARSHIPS | $47,541 | |
| Sub-Saharan Africa | Program Services | SCHOLARSHIPS | $3,850 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Employees | 36 | SubtotalEmployeesCnt |
| Total Employee | 36 | TotalEmployeeCnt |
| Subtotal Spent | $232,681,483 | SubtotalSpentAmt |
| Total Spent | $232,681,483 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (7 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|
| Scholarship | Europe (Including Iceland and Greenland) | 107 | $2,006,563 | ACCOUNT CR | FMV |
| Scholarship | East Asia and the Pacific | 16 | $365,119 | ACCOUNT CR | FMV |
| Scholarship | South America | 15 | $335,320 | ACCOUNT CR | FMV |
| Scholarship | South Asia | 7 | $47,541 | ACCOUNT CR | FMV |
| Scholarship | Russia and the Newly Independent States | 6 | $73,386 | ACCOUNT CR | FMV |
| Scholarship | Central America and the Caribbean | 5 | $91,000 | ACCOUNT CR | FMV |
| Scholarship | Sub-Saharan Africa | 1 | $3,850 | ACCOUNT CR | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 III LINE 1 | THIS AID IS PROVIDED TO RESIDENT AND NON-RESIDENT STUDENTS ATTENDING A STUDY ABROAD PROGRAM. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt | Gross ReceiptsGrossReceiptsAmt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| Resnicow and Associates | |||||||||
| 1995 Broadway 11th Floor | New York | NY | 10023 | Consultant | false | $61,694 | -$61,694 | ||
| Carter Halliday Associates | |||||||||
| 107 South Street 5D | Boston | MA | 02111 | Profession al services | false | $49,507 | -$49,507 | ||
| Michael Grinley | |||||||||
| PO Box 611 | Goshen | MA | 01032 | Profession al services | false | $24,375 | -$24,375 | ||
| Ronald Joyce | |||||||||
| 39 Oakwood Drive | Yarmouth | ME | 04096 | Consultant | false | $22,898 | -$22,898 | ||
| Give Campus Inc | |||||||||
| 903 G Street | Washington | DC | 20003 | Profession al services | Yes (true) | $33,221 | $1,288,614 | $1,321,835 | |
| REEHER LLC | |||||||||
| 370 WABASHA ST N | ST PAUL | MN | 55102 | FUNDRAISING SOFTWARE | false | $56,155 | -$56,155 | SUITE 1200 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $1,321,835 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $247,850 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $1,073,985 | TotalNetToOrganizationAmt |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | NY Council | Event1Nm |
| Gross Receipts Event1 | $613,058 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $488,388 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $124,670 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $155,675 | RentFacilityCostsEvent1Amt |
| Event2 | ATHLETIC EVENTS | Event2Nm |
| Gross Receipts Event2 | $148,859 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $86,880 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $61,979 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $70,378 | RentFacilityCostsEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $14,250 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $4,300 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $9,950 | GrossRevenueOtherEventsAmt |
| Rent Fclty Costs Other Events | $12,603 | RentFcltyCostsOtherEventsAmt |
| Gross Receipts Total | $776,167 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $579,568 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $196,599 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $238,656 | RentFcltyCostsTotalEventsAmt |
| Direct Expense Summary Events | $238,656 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$42,057 | NetIncomeSummaryAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I LINE 2 | FormAndLineReferenceDesc |
| Explanation | FUNDRAISING PAYEES ARE PAID FOR CONSULTING SERVICES NOT DIRECTLY RELATED TO FUNDRAISING REVENUES. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| Worcester State University | |||||||
| 486 Chandler Street | Worcester | MA | 01602 | 042760551 | 501(c)3 | $47,095 | Research |
| Rensselaer Polytechnic University | |||||||
| 110 Eight Street | Troy | NY | 12180 | 141340095 | 501(c)3 | $32,806 | Research |
| City of Worcester | |||||||
| 455 Main Street | Worcester | MA | 01608 | 046001418 | 115 | $10,000 | Summer programs |
| Worcester Regional Tourism and Visitors Corp | |||||||
| 446 Main Street Suite 200 | Worcester | MA | 01608 | 041988780 | 115 | $10,000 | Ice rink sponsorship |
| Michigan State University | |||||||
| 220 Trowbridge Road | East Lansing | MI | 48824 | 386005984 | 501(c)3 | $5,400 | Research |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
| Total Other Org | 2 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Scholarship | GrantTypeTxt |
| Recipient | 1535 | RecipientCnt |
| Non Cash Assistance | $51,080,888 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | CR. TO STUDENT ACCT | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
| 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 ACCEPTS STUDENTS REGARDLESS OF THEIR ABILITY TO PAY (NEEDS-BLIND ADMISSION) AND MEETS THEIR FULL DEMONSTRATED NEED, 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jane E Corr | ||||||||||||||
| Special Asst to the President | $168,744 | $0 | $0 | $0 | $549 | $0 | $17,826 | $0 | $2,063 | $0 | $189,182 | $0 | $0 | $0 |
| Elizabeth Dionne | ||||||||||||||
| Director and Asst Treasurer | $182,052 | $0 | $0 | $0 | $216 | $0 | $20,712 | $0 | $22,557 | $0 | $225,537 | $0 | $0 | $0 |
| Dorothy A Hauver | ||||||||||||||
| Vice President and Treasurer | $282,194 | $0 | $0 | $0 | $360 | $0 | $29,430 | $0 | $19,045 | $0 | $331,029 | $0 | $0 | $0 |
| Timothy Jarry | ||||||||||||||
| Chief Investment Officer | $322,894 | $0 | $237,315 | $0 | $216 | $0 | $29,430 | $0 | $19,045 | $0 | $608,900 | $0 | $80,368 | $0 |
| FRANK VELLACCIO | ||||||||||||||
| SENIOR VICE PRESIDENT | $307,765 | $0 | $0 | $0 | $3,048 | $0 | $29,430 | $0 | $19,045 | $0 | $359,288 | $0 | $0 | $0 |
| Tracy Barlok | ||||||||||||||
| Vice President for Advancement | $343,137 | $0 | $0 | $0 | $552 | $0 | $29,430 | $0 | $19,045 | $0 | $392,164 | $0 | $0 | $0 |
| REV WILLIAM CAMPBELL SJ | ||||||||||||||
| VICE PRESIDENT FOR MISSION | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Margaret Freije | ||||||||||||||
| VP for Academic Affairs | $256,569 | $0 | $0 | $0 | $1,032 | $0 | $27,597 | $0 | $66,468 | $0 | $351,666 | $0 | $0 | $0 |
| Jacqueline Peterson | ||||||||||||||
| Dean of Students | $201,131 | $0 | $0 | $0 | $1,584 | $0 | $22,524 | $0 | $19,045 | $0 | $244,284 | $0 | $0 | $0 |
| Elizabeth Small | ||||||||||||||
| General Counsel | $188,894 | $0 | $0 | $0 | $552 | $0 | $20,169 | $0 | $18,522 | $0 | $228,137 | $0 | $0 | $0 |
| WILLIAM CARMODY | ||||||||||||||
| HEAD BASKETBALL COACH | $373,372 | $0 | $20,000 | $0 | $3,048 | $0 | $29,430 | $0 | $18,902 | $0 | $444,752 | $0 | $0 | $0 |
| James Kee | ||||||||||||||
| Professor | $93,850 | $0 | $0 | $0 | $159,556 | $0 | $9,459 | $0 | $1,359 | $0 | $264,224 | $0 | $0 | $0 |
| Nathan Pine | ||||||||||||||
| Director of Athletics | $258,150 | $0 | $25,000 | $0 | $216 | $0 | $29,062 | $0 | $17,938 | $0 | $330,366 | $0 | $0 | $0 |
| Susan Rodgers | ||||||||||||||
| Professor | $118,864 | $0 | $0 | $0 | $178,860 | $0 | $11,788 | $0 | $5,300 | $0 | $314,812 | $0 | $0 | $0 |
| Charles Weiss | ||||||||||||||
| Professor | $127,457 | $0 | $0 | $0 | $159,647 | $0 | $11,440 | $0 | $11,935 | $0 | $310,479 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I LINE 4B | THE 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. SUSAN RODGERS, CHARLES WEISS, AND JAMES KEE RETIRED IN AUGUST 2016 AND RECEIVED $176,828, $158,400, AND $157,656, RESPECTIVELY, IN OTHER REPORTABLE COMPENSATION AS PART OF THE COLLEGE'S EARLY RETIREMENT PROGRAM. THERE ARE NO OTHER AMOUNTS TO BE PAID. |
| PART I LINE 7 | THE COLLEGE IMPLEMENTED A PERFORMANCE BASED INCENTIVE PLAN TO MOTIVATE AND REWARD PERSONS WITHIN THE INVESTMENT OFFICE FOR ACHIEVING THE COLLEGE'S LONG-TERM FINANCIAL OBJECTIVES. A COMMITTEE APPOINTED BY THE PRESIDENT OF THE COLLEGE ADMINISTERS THE INCENTIVE PLAN. THE COMMITTEE DETERMINES EACH PARTICIPANT'S ANNUAL INCENTIVE OPPORTUNITIES WHICH VARY BASED UPON ACHIEVEMENT OF SPECIFIED LEVELS OF PERFORMANCE FOR THE PLAN YEAR. FACTORS FOR DETERMINING INCENTIVE OPPORTUNITIES INCLUDE BENCHMARKING ENDOWMENT RETURNS, RANKING AGAINST ENDOWMENT POOLS OF COMPARABLE ORGANIZATIONS, NET RETURN ON THE ENDOWMENT POOL, AND COMPLETION OF ANNUAL GOALS, LEADERSHIP COMPETENCIES AND OVERALL PERFORMANCE IN MAJOR AREAS OF RESPONSIBILITY. THE PLAN WAS TERMINATED IN DECEMBER 2016. TIMOTHY JARRY WAS PAID $237,315 UNDER THE PLAN WHICH IS INCLUDED IN PART II COLUMN B(II). |
| PART II | MEMBERS OF THE SOCIETY OF JESUS TAKE A VOW OF POVERTY. COMPENSATION IS PAID DIRECTLY TO THEIR ORDER WHICH IS EXEMPT UNDER SECTION 501(C)(3). UNDER REV. RUL. 77-290 MEMBERS OF A RELIGIOUS ORDER PROVIDING SERVICES TO A CATHOLIC ORGANIZATION WILL BE CONSIDERED FOR TAX PURPOSES TO BE AN AGENT OF THEIR ORDER PROVIDED THE RELIGIOUS ORDER IS SUBJECT TO A VOW OF POVERTY, THE RELIGIOUS ORDER IS PROVIDING SERVICES FOR A CATHOLIC ORGANIZATION LISTED IN THE OFFICIAL CATHOLIC DIRECTORY AT THE DISCRETION OF THEIR SUPERIOR AND THE FULL AMOUNT OF COMPENSATION IS REMITTED TO THEIR ORDER WHICH IS EXEMPT FROM TAX. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| Massachusetts Development Finance Agency 2007B | ||||||||
| A | 043431814 | 57583RLM5 | 2007-05-03 | $30,306,021 | Refunding 1998 issue | Yes (true) | false | false |
| Massachusetts Development Finance Agency 2008A | ||||||||
| B | 043431814 | 57583RUZ6 | 2008-05-08 | $45,340,000 | Refunding 2006 issue | false | false | false |
| Massachusetts Development Finance Agency 2008B | ||||||||
| C | 043431814 | 57583RVU6 | 2008-05-08 | $71,076,481 | Refunding 2007 issue | Yes (true) | false | false |
| Massachusetts Development Finance Agency 2016A | ||||||||
| D | 043431814 | 57584XLE9 | 2016-04-06 | $42,545,003 | Refunding 2008 issue & constructio | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $12,865,000 | $13,885,000 | $30,306,021 | $0 | $0 | $0 | $258,981 | $169,240 | $0 | $0 | $29,877,800 | $0 | false | Yes (true) | Yes (true) | Yes (true) |
| B | $8,390,000 | $0 | $45,340,000 | $0 | $0 | $0 | $181,594 | $158,406 | $0 | $0 | $45,000,000 | $0 | Yes (true) | false | Yes (true) | Yes (true) |
| C | $25,060,000 | $10,970,000 | $71,076,481 | $0 | $0 | $0 | $503,481 | $0 | $0 | $0 | $70,573,000 | $0 | Yes (true) | false | Yes (true) | Yes (true) |
| D | $0 | $0 | $42,545,003 | $0 | $0 | $0 | $476,785 | $0 | $0 | $30,004,560 | $12,063,658 | $0 | false | Yes (true) | Yes (true) | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Remedial Action TakenRemedialActionTakenInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | Yes (true) | Yes (true) | Yes (true) | Yes (true) | Yes (true) | 0.00000 | 0.00000 | 0.00000 | false | false | false | Yes (true) |
| B | false | Yes (true) | Yes (true) | Yes (true) | Yes (true) | Yes (true) | 0.00000 | 0.00910 | 0.00910 | false | false | false | Yes (true) |
| C | false | Yes (true) | Yes (true) | Yes (true) | Yes (true) | Yes (true) | 0.00000 | 0.02810 | 0.02810 | false | false | false | Yes (true) |
| D | false | Yes (true) | Yes (true) | Yes (true) | false | 0.00000 | 0.00000 | 0.00000 | false | false | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Business Name Line1GICProviderName/BusinessNameLine1Txt | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | |||||||||||||
| A | false | false | false | Yes (true) | false | false | false | 0 | false | Yes (true) | |||
| Bank of America LLC | |||||||||||||
| B | false | false | false | Yes (true) | Yes (true) | Yes (true) | false | 0 | false | Yes (true) | 28.3 | false | false |
| 0 | |||||||||||||
| C | false | false | false | Yes (true) | false | false | false | 0 | false | Yes (true) | |||
| 0 | |||||||||||||
| D | false | Yes (true) | false | false | false | false | false | 0 | false | Yes (true) | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
| D | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART II LINE 11 | THE OTHER SPENT PROCEEDS FOR THE MDFA 2007B WAS USED TO REFUND THE 1998 BOND ISSUE. THE OTHER SPENT PROCEEDS FROM THE MDFA 2008A WAS USED TO REFUND THE 2006 BOND ISSUE. THE OTHER SPENT PROCEEDS FROM THE MDFA 2008B 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. |
| PART III LINE 2 | THE COLLEGE HAS A LEASE AGREEMENT WITH A BARBER WHO PROVIDES STYLING SERVICES TO THE STUDENTS AND SOME STAFF. |
| PART III 3A AND B | THE COLLEGE HAS SERVICE CONTRACTS WITH AN ELEVATOR REPAIR COMPANY AS WELL AS CLEANING SERVICES FOR SOME PROPERTY. THE COLLEGE IS CONFIDENT THAT THESE CONTRACTS WILL NOT RESULT IN PRIVATE BUSINESS USE. |
| PART IV LINE 2C | NO REBATE WAS DUE AS OF THE REBATE CALCULATION PERFORMED ON 4/22/2013 FOR MDFA 2008A. NO REBATE WAS DUE AS OF THE REBATE CALCULATION PERFORMED ON 4/22/2013 FOR MDFA 2008B. THE MDFA 2007B BOND WAS ISSUED A NO ARBITRAGE CERTIFICATE UNDER TREASURY REGULATION 1.148-2(B)(2)(I) DATED MAY 3, 2007. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Massachusetts Development Finance Agency 2017 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| CUSIP | 57584XR60 | CUSIPNum |
| Bond Issued | 2017-06-06 | BondIssuedDt |
| Issue Price | $14,441,700 | IssuePriceAmt |
| Purpose | Refunding of 2007 issue | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | false | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $0 | RetiredAmt |
| Bond Defeased | $0 | BondDefeasedAmt |
| Total Proceeds | $14,441,700 | TotalProceedsAmt |
| In Reserve Fund | $0 | InReserveFundAmt |
| Capitalized Interest | $0 | CapitalizedInterestAmt |
| Refunding Escrow | $0 | RefundingEscrowAmt |
| Issuance Costs From Proceeds | $208,409 | IssuanceCostsFromProceedsAmt |
| Credit Enhancement | $0 | CreditEnhancementAmt |
| Working Capital Expenditures | $0 | WorkingCapitalExpendituresAmt |
| Capital Expenditures | $0 | CapitalExpendituresAmt |
| Other Spent Proceeds | $14,233,291 | OtherSpentProceedsAmt |
| Unspent | $0 | UnspentAmt |
| Current Refunding | false | CurrentRefundingInd |
| Advance Refunding | Yes (true) | AdvanceRefundingInd |
| Final Allocation Made | Yes (true) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | Yes (true) | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (true) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (true) | EngageBondCounselContractsInd |
| Any Research Agreements | false | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | false | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedPropInd |
| Remedial Action Taken | false | RemedialActionTakenInd |
| Procs Nonqualified Bond Remdtd | Yes (true) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (true) | RebateNotDueYetInd |
| Exception To Rebate | false | ExceptionToRebateInd |
| No Rebate Due | false | NoRebateDueInd |
| Variable Rate Issue | false | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
GIC Provider Name GICProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (true) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (true) | ProceduresCorrectiveActionInd |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Terry Blackwell | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Lori Blackwell, Officer | RelationshipDescriptionTxt |
| Transaction | $22,091 | TransactionAmt |
| Transaction | compensation | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV LINE 1 | FormAndLineReferenceDesc |
| Explanation | TERRY BLACKWELL, AN EMPLOYEE OF THE COLLEGE IS RELATED TO AN OFFICER AND RECEIVED COMPENSATION FOR HIS SERVICES TOTALING $22,091 DURING FISCAL YEAR 2017. | ExplanationTxt |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArtGrp | |
| Art Historical Treasures | ArtHistoricalTreasuresGrp | |
| Art Fractional Interest | ArtFractionalInterestGrp | |
| Books And Publications | BooksAndPublicationsGrp | |
| Clothing And Household Goods | ClothingAndHouseholdGoodsGrp | |
| Cars And Other Vehicles | CarsAndOtherVehiclesGrp | |
| Boats And Planes | BoatsAndPlanesGrp | |
| Intellectual Property | IntellectualPropertyGrp |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 140 | ContributionCnt |
| Noncash Contributions Rpt F990 | $4,112,176 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | AVG PRICE QUOTE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStockGrp | |
| Secur Prtnrshp Trust Intrsts | SecurPrtnrshpTrustIntrstsGrp | |
| Securities Miscellaneous | SecuritiesMiscellaneousGrp | |
| Qualified Contrib Hist Struct | QualifiedContribHistStructGrp | |
| Qualified Contrib Other | QualifiedContribOtherGrp | |
| Real Estate Residential | RealEstateResidentialGrp | |
| Real Estate Commercial | RealEstateCommercialGrp | |
| Real Estate Other | RealEstateOtherGrp | |
| Collectibles | CollectiblesGrp | |
| Food Inventory | FoodInventoryGrp | |
| Drugs And Medical Supplies | DrugsAndMedicalSuppliesGrp | |
| Taxidermy | TaxidermyGrp | |
| Historical Artifacts | HistoricalArtifactsGrp | |
| Scientific Specimens | ScientificSpecimensGrp | |
| Archaeological Artifacts | ArchaeologicalArtifactsGrp | |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I LINE 9 | COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE TO THE COLLEGE. |
| PART I LINE 32A | THE COLLEGE USES A REGISTERED BROKER TO SELL SECURITIES THAT ARE GIFTED TO THE COLLEGE. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 4A | THE PRIMARY PROGRAM IS UNDERGRADUATE INSTRUCTION IN THE LIBERAL ARTS LEADING 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 6,693 APPLICANTS WHO APPLIED FOR ADMISSION TO THE CLASS OF 2020, 38.5 PERCENT WERE ACCEPTED AND 765 ENROLLED. MEN REPRESENT 47 PERCENT OF THE CLASS AND WOMEN 53 PERCENT WITH STUDENTS FROM 31 STATES AND 9 COUNTRIES. TOTAL FULL TIME ENROLLMENT IS 2,910 WITH 667 OF THOSE STUDENTS GRADUATING IN MAY 2017. APPROXIMATELY 25 PERCENT OF THE STUDENT POPULATION IS AFRICAN-AMERICAN, LATIN AMERICAN, ASIAN-AMERICAN AND NATIVE AMERICAN. STUDENTS COME FROM 45 STATES AND 10 COUNTRIES. FORM 990, PART VI, SECTION A, LINE 1A THE 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 2017 INCLUDED; PHILIP L. BOROUGHS S.J., JOHN J. MAHONEY, JR., KATHLEEN LACROIX, ANNE M. FINK AND JAMES G. GARTLAND, S.J. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES ARE SOMETIMES INVESTED IN FUNDS THAT MAY BE MANAGED BY OTHER TRUSTEES. SUCH RELATIONSHIPS WERE ENTERED INTO DURING THE NORMAL COURSE OF THE INVESTMENT FUNDS OPERATIONS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE DRAFT FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE 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 AUDIT COMMITTEE MEMBERS ARE ADDRESSED AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. AFTER THE AUDIT COMMITTEE 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 AUDIT COMMITTEE 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 12C | ALL 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 AUDIT COMMITTEE. THE AUDIT COMMITTEE CONSIDERS THE BEST INTERESTS OF THE COLLEGE AND THE NATURE OF THE CONFLICT. THE AUDIT COMMITTEE 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 AUDIT COMMITTEE MAY CONSIDER WHETHER ADVICE FROM LEGAL COUNSEL OR OTHER INDEPENDENT ADVISORS IS NECESSARY IN PARTICULAR INSTANCES. THE AUDIT COMMITTEE WILL DELIBERATE 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 AUDIT COMMITTEE'S DETERMINATION WITH RESPECT TO THE SPECIFIC PROCEDURES THE MEMBER WILL FOLLOW REGARDING THE ISSUE OR TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15A AND B | THE 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. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COLLEGE'S GOVERNING DOCUMENTS, ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS ALSO AVAILABLE UPON REQUEST. THE COLLEGES FINANCIAL STATEMENTS ARE POSTED ON THE COLLEGE WEBSITE UNDER THE OFFICE OF THE CONTROLLER. |
| FORM 990, PART X, LINE 11 AND 12 | ON THE FORM 990, THE COLLEGE INCLUDES IN THE CATEGORY OF PUBLICLY TRADED SECURITIES CERTAIN INVESTMENTS VALUED USING NET ASSET VALUE AS THE PRACTICAL EXPEDIENT WHEN THE UNDERLYING INVESTMENTS ARE PUBLICLY TRADED. THESE ASSETS MAY BE HELD IN PRIVATE EQUITY FUNDS OR OTHER SIMILAR VEHICLES. |
| FORM 990, PART XI, LINE 9 | POST RETIREMENT BENEFIT CHANGES $ 7,776,153 CHANGE IN INTEREST RATE SWAP AGREEMENT $ 3,513,375 GAIN ON DEBT DEFEASANCE $ 326,493 ---------------- TOTAL $11,616,021 |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| Quinsigamond Village LLC | |||||||||
| One College Street | Worcester | MA | 01610 | 464605316 | Real estate | MA | $0 | $1,190,000 | Holy Cross |
| HC 36 Sutton Place | |||||||||
| One College Street | Worcester | MA | 01610 | 810885652 | Real estate | NY | $0 | $0 | HOLY CROSS |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Alchemy Plan (Crusader) LP | BusinessNameLine1Txt |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TRAFALGAR COURT | AddressLine1Txt |
| City | LES BANQUES | CityNm |
| Country | GK | CountryCd |
| Foreign Postal | GY1 3QL | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 900401997 | EIN |
| Primary Activities | Investing | PrimaryActivitiesTxt |
| Legal Domicile Foreign Country | GK | LegalDomicileForeignCountryCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | Excluded | PredominantIncomeTypeTxt |
| Share Of Total Income | -$83,071 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $3,497,142 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | Yes (true) | DisproportionateAllocationsInd |
| UBI Code V | $0 | UBICodeVAmt |
| General Or Managing Partner | false | GeneralOrManagingPartnerInd |
| Ownership | 0.99500 | OwnershipPct |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Charitable remainder trusts (9) | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One College Street | AddressLine1Txt |
| City | Worcester | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01610 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | CHAR REMAINDER TR | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | Trust | EntityTypeTxt |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (true) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| ALCHEMY PLAN LP | ||
| R | $12,676 | FMV |
| ALCHEMY PLAN LP | ||
| S | $581,219 | FMV |