2018-05-14T10:59:46-05:00 2017-06-30 KPMG LLP 2 FINANCIAL CENTER 60 SOUTH ST BOSTON MA 02111 990 2016-07-01 042103558 TRUSTEES OF THE COLLEGE OF THE HOLY CROSS % Charlene Bellows TRUS 5087932514 One College Street Worcester MA 016102395 DOROTHY A HAUVER DIRECTOR OF FINANCE & ASST TREAS 5087933497 2018-05-11 true THOMAS CYR P00651101 6179881000 2016 2022-09-23 18:48:47Z College of the Holy Cross Philip Boroughs SJ One College Street Worcester MA 016102395 512406887 false X holycross.edu X 1843 MA 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. 39 39 3272 3000 738148 -785557 38853240 32343574 181335688 188370239 8020247 34983852 195711 115286 228404886 255812951 51077176 54113968 0 0 104333680 106826150 601932 177074 8335336 66457856 68444969 222470644 229562161 5934242 26250790 1100921095 1178933055 235627372 223449231 865293723 955483824 X 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. false false 197451510 54028667 187581228 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. 789011 85301 789011 BASIC RESEARCH IN CHEMISTRY, PHYSICS, PSYCHOLOGY AND BIOLOGY. THE RESEARCH IS FUNDING BY PRIVATE GRANTS AND THE US GOVERNMENT. 198240521 true true false true false false true true true true true true false false true true true false true true true false true true true false false true true true true false false false false false false false false true false true false false false true true true true false false true 4634 0 true 3272 true true true true GK false false false true true false false false false X 39 39 false false false false false false false true true false false true true true true true true true true false CA MA NH X Charlene Bellows 5087933497 One College Street Worcester MA 016102395 Douglas M Baker Jr Trustee 3.0 0.0 X 0 0 0 Michael G Barrett Trustee 3.0 0.0 X 0 0 0 Rev Philip L Boroughs SJ President 45.0 0.0 X X 0 0 0 Helen W Boucher MD Trustee 3.0 0.0 X 0 0 0 Susan F Feitelberg Trustee 3.0 0.0 X 0 0 0 Anne M Fink Trustee 3.0 0.0 X 0 0 0 Rev Kevin T Fitzgerald SJ Trustee 3.0 0.0 X 0 0 0 Rev James G Gartland SJ Trustee 3.0 0.0 X 0 0 0 Rev Michael Carl Gilson SJ Trustee 3.0 0.0 X 0 0 0 Stuart E Graham Trustee 3.0 0.0 X 0 0 0 Stanley E Grayson Trustee (as of 9/2016) 3.0 0.0 X 0 0 0 Michael Greene Trustee 3.0 0.0 X 0 0 0 Rev Thomas Greene SJ Trustee 3.0 0.0 X 0 0 0 Thomas P Joyce Jr Trustee 3.0 0.0 X 0 0 0 Brian P Kelley Trustee 3.0 0.0 X 0 0 0 Linda M LeMura Trustee 3.0 0.0 X 0 0 0 Stephen A Lovelette Trustee (as of 9/2016) 3.0 0.0 X 0 0 0 John J Mahoney Jr Trustee/Chair 3.0 0.0 X X 0 0 0 Rev Mark S Massa SJ Trustee 3.0 0.0 X 0 0 0 Shaun P Mathews Trustee (AS OF 9/2016) 3.0 0.0 X 0 0 0 Ann McElaney-Johnson PhD Trustee 3.0 0.0 X 0 0 0 Edwin J McLaughlin Jr Trustee 3.0 0.0 X 0 0 0 Kathleen McLaughlin LaCroix Trustee/Vice Chair 3.0 0.0 X X 0 0 0 John D Milner Trustee 3.0 0.0 X 0 0 0 James F Mooney III Trustee 3.0 0.0 X 0 0 0 Robert F Moriarty Trustee 3.0 0.0 X 0 0 0 Robert S Morrison Trustee 3.0 0.0 X 0 0 0 John P Mullman Trustee 3.0 0.0 X 0 0 0 Andrew J O'Brien Trustee 3.0 0.0 X 0 0 0 Richard H Patterson Trustee 3.0 0.0 X 0 0 0 William J Phelan Trustee 3.0 0.0 X 0 0 0 Susan Power Curtin Trustee 3.0 0.0 X 0 0 0 Cornelius B Prior Jr Trustee 3.0 0.0 X 0 0 0 Maria Eugenia Ferre Rangel Trustee 3.0 0.0 X 0 0 0 Carolyn M Risoli Trustee 3.0 0.0 X 0 0 0 Sr Barbara J Rogers RSCJ Trustee (as of 9/2016) 3.0 0.0 X 0 0 0 Francine Rosado-Cruz Trustee 3.0 0.0 X 0 0 0 William J Teuber Jr Trustee 3.0 0.0 X 0 0 0 Sarah C Valente Trustee (as of 9/2016) 3.0 0.0 X 0 0 0 Thomas H Carey Trustee (until 9/2016) 3.0 0.0 X 0 0 0 William M Doran Jr Trustee (until 9/2016) 3.0 0.0 X 0 0 0 John B Fisher Trustee (until 9/2016) 3.0 0.0 X 0 0 0 Nancy M Taylor Trustee (until 9/2016) 3.0 0.0 X 0 0 0 Yarlennys K Villaman Trustee (until 9/2016) 3.0 0.0 X 0 0 0 Lori A Blackwell Exec Asst to the President 45.0 0.0 X 69743 0 49020 Jane E Corr Special Asst to the President 45.0 0.0 X 169293 0 19889 Elizabeth Dionne Director and Asst Treasurer 45.0 0.0 X 182268 0 43269 Dorothy A Hauver Vice President and Treasurer 45.0 0.0 X 282554 0 48475 Timothy Jarry Chief Investment Officer 45.0 0.0 X 560425 0 48475 FRANK VELLACCIO SENIOR VICE PRESIDENT 45.0 0.0 X 310813 0 48475 Tracy Barlok Vice President for Advancement 45.0 0.0 X 343689 0 48475 REV WILLIAM CAMPBELL SJ VICE PRESIDENT FOR MISSION 45.0 0.0 X 0 0 0 Margaret Freije VP for Academic Affairs 45.0 0.0 X 257601 0 94065 Jacqueline Peterson Dean of Students 45.0 0.0 X 202715 0 41569 Elizabeth Small General Counsel 45.0 0.0 X 189446 0 38691 WILLIAM CARMODY HEAD BASKETBALL COACH 45.0 0.0 X 396420 0 48332 James Kee Professor 45.0 0.0 X 253406 0 10818 Nathan Pine Director of Athletics 45.0 0.0 X 283366 0 47000 Susan Rodgers Professor 45.0 0.0 X 297724 0 17088 Charles Weiss Professor 45.0 0.0 X 287104 0 23375 4086567 0 627016 146 false true false Diller Scofidio Renfro LLC 601 W 26th Street No 1815 New York NY 10001 Architect 3638430 Skanska USA Building Inc 389 Interpace Pkwy 5th Floor Parsippany NJ 07054 Construction mgmt 1088908 Sasaki Associates Inc 64 Pleasant Street Waltham MA 02472 Architect 632273 Cambridge Associates 125 High Street Boston MA 02110 Investment services 503025 Educe LLC PO Box 218 Reisterstown MD 21136 Consulting services 461871 20 579568 31764006 4112176 32343574 Tuition and fees 611600 143094110 143094110 Room and board 611710 32086505 32086505 Sales of auxilliary services 722320 6008648 4507711 1500937 Athletics 611710 3220707 3220707 Grant and student aid revenue 611710 2312060 2312060 1648209 1648209 188370239 3500770 -762789 4263559 29553 29553 0 157343 157343 0 157343 157343 287808809 256355280 31453529 31453529 31453529 196599 579568 238656 -42057 -42057 0 0 0 0 0 0 0 255812951 186869302 738148 35861927 110301 110301 51080888 51080888 2922779 2922779 0 3097865 569558 2008422 519885 22091 22091 75694506 64609342 7697012 3388152 6365944 5395129 678635 292180 16317567 13565851 1969084 782632 5328177 4386446 679959 261772 0 346372 42288 286431 17653 261000 261000 0 177074 177074 1375826 1375826 3826990 1970054 1522423 334513 870065 715857 147059 7149 7173337 5454541 463296 1255500 2584644 1279951 1239557 65136 0 8757285 8007634 633195 116456 4548388 4038787 192585 317016 0 725201 640991 59790 24420 6915627 6458081 457546 0 13857057 12575970 1281087 1226592 33522 961546 231524 Study abroad expenses 5018654 5018654 Food for dining operations 5190662 4352521 304943 533198 Library collection 2031142 2031142 OTHER COSTS 3736127 2958143 766908 11076 229562161 198240521 22986304 8335336 12424 12565 55663143 25185741 80577918 65312370 256823 286016 0 0 0 0 7379278 6982324 459406 598243 786473 550052 555148666 261336477 240421753 293812189 83558161 117137019 604903576 664672462 0 0 0 0 26902140 4384074 1100921095 1178933055 35458566 38030367 0 0 4312205 5812744 161963370 154555605 967129 623539 0 0 0 2500000 0 0 32926102 21926976 235627372 223449231 X 391784449 476926558 275793243 275756107 197716031 202801159 865293723 955483824 1100921095 1178933055 X 26250790 52323290 11616021 X false true X true true true X 25142412 53747383 90605654 38853240 32343574 240692263 0 0 25142412 53747383 90605654 38853240 32343574 240692263 76165764 164526499 7899689 6619806 7241717 3844451 4450455 30056118 69850 36976 106826 0 270855207 876132373 0.60743 0.59610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 2037 0 2037 3056 185 0 185 9 0 9 14 0 0 PART II-A 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. X 1 1 false 0 1301660 X X X false false true X 680992673 12249936 83301496 8133514 16418774 3043682 748948135 721309725 10357509 -20182207 7556453 18979029 3956872 680992673 726052159 7853248 16284080 6834421 18597329 3448012 721309725 634912204 18820480 99769028 6107435 17903295 3438823 726052159 589769388 13139372 57900198 5726411 16737983 3432360 634912204 0.47000 0.26000 0.27000 false false 5747301 5747301 441081133 182087181 258993952 63379942 53002062 10377880 44940290 26247234 18693056 293812189 GLOBAL BONDS 18068736 F GLOBAL EQUITY 360867108 F REAL ASSETS 68902176 F OTHER INVESTMENTS 3390915 F PRIVATE EQUITY 70094187 F HEDGE FUND ABSOLUTE RETURN 118571473 F COMMODITIES 24777867 F 664672462 0 INTEREST RATE SWAP 8453104 US GOVT REFUNDABLE ADVANCES 4907634 ANNUITY OBLIGATIONS 4274948 ACCRUED PENSION OBLIGATION 4291290 21926976 X 265951095 52323290 11616021 63939311 202011784 3449473 50351694 53801167 255812951 175760994 3651973 3651973 172109021 3449473 54003667 57453140 229562161 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 true true true true true true true false false false false false false false false true false true PART I LINE 3 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. true Europe (Including Iceland and Greenland) 31 Program Services attend college abroad 3652309 East Asia and the Pacific Program Services attend college abroad 561649 South America 3 Program Services attend college abroad 348537 Central America and the Caribbean Program Services attend college abroad 295875 Russia and the Newly Independent States 2 Program Services attend college abroad 75820 South Asia Program Services attend college abroad 64435 Middle East and North Africa Program Services attend college abroad 2395 Central America and the Caribbean Investments 223162457 Europe (Including Iceland and Greenland) Investments 1595227 Europe (Including Iceland and Greenland) Program Services SCHOLARSHIPS 2006563 East Asia and the Pacific Program Services SCHOLARSHIPS 365119 South America Program Services SCHOLARSHIPS 335320 Central America and the Caribbean Program Services SCHOLARSHIPS 91000 Russia and the Newly Independent States Program Services SCHOLARSHIPS 73386 South Asia Program Services SCHOLARSHIPS 47541 Sub-Saharan Africa Program Services SCHOLARSHIPS 3850 36 36 232681483 232681483 Scholarship Europe (Including Iceland and Greenland) 107 2006563 ACCOUNT CR FMV Scholarship East Asia and the Pacific 16 365119 ACCOUNT CR FMV Scholarship South America 15 335320 ACCOUNT CR FMV Scholarship South Asia 7 47541 ACCOUNT CR FMV Scholarship Russia and the Newly Independent States 6 73386 ACCOUNT CR FMV Scholarship Central America and the Caribbean 5 91000 ACCOUNT CR FMV Scholarship Sub-Saharan Africa 1 3850 ACCOUNT CR FMV true false true true true false 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. X X X X X X X true Resnicow and Associates 1995 Broadway 11th Floor New York NY 10023 Consultant false 61694 -61694 Carter Halliday Associates 107 South Street 5D Boston MA 02111 Profession al services false 49507 -49507 Michael Grinley PO Box 611 Goshen MA 01032 Profession al services false 24375 -24375 Ronald Joyce 39 Oakwood Drive Yarmouth ME 04096 Consultant false 22898 -22898 Give Campus Inc 903 G Street Washington DC 20003 Profession al services true 1321835 33221 1288614 REEHER LLC 370 WABASHA ST N SUITE 1200 ST PAUL MN 55102 FUNDRAISING SOFTWARE false 56155 -56155 1321835 247850 1073985 CA MA NH NY Council 613058 488388 124670 155675 ATHLETIC EVENTS 148859 86880 61979 70378 1 14250 4300 9950 12603 776167 579568 196599 238656 238656 -42057 PART I LINE 2 FUNDRAISING PAYEES ARE PAID FOR CONSULTING SERVICES NOT DIRECTLY RELATED TO FUNDRAISING REVENUES. true Worcester State University 486 Chandler Street Worcester MA 01602 042760551 501(c)3 47095 Research Rensselaer Polytechnic University 110 Eight Street Troy NY 12180 141340095 501(c)3 32806 Research City of Worcester 455 Main Street Worcester MA 01608 046001418 115 10000 Summer programs Worcester Regional Tourism and Visitors Corp 446 Main Street Suite 200 Worcester MA 01608 041988780 115 10000 Ice rink sponsorship Michigan State University 220 Trowbridge Road East Lansing MI 48824 386005984 501(c)3 5400 Research 3 2 Scholarship 1535 51080888 FMV CR. TO STUDENT ACCT 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. X X X X X false true false false false false false true false Jane E Corr Special Asst to the President 168744 0 0 0 549 0 17826 0 2063 0 189182 0 0 0 Elizabeth Dionne Director and Asst Treasurer 182052 0 0 0 216 0 20712 0 22557 0 225537 0 0 0 Dorothy A Hauver Vice President and Treasurer 282194 0 0 0 360 0 29430 0 19045 0 331029 0 0 0 Timothy Jarry Chief Investment Officer 322894 0 237315 0 216 0 29430 0 19045 0 608900 0 80368 0 FRANK VELLACCIO SENIOR VICE PRESIDENT 307765 0 0 0 3048 0 29430 0 19045 0 359288 0 0 0 Tracy Barlok Vice President for Advancement 343137 0 0 0 552 0 29430 0 19045 0 392164 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 256569 0 0 0 1032 0 27597 0 66468 0 351666 0 0 0 Jacqueline Peterson Dean of Students 201131 0 0 0 1584 0 22524 0 19045 0 244284 0 0 0 Elizabeth Small General Counsel 188894 0 0 0 552 0 20169 0 18522 0 228137 0 0 0 WILLIAM CARMODY HEAD BASKETBALL COACH 373372 0 20000 0 3048 0 29430 0 18902 0 444752 0 0 0 James Kee Professor 93850 0 0 0 159556 0 9459 0 1359 0 264224 0 0 0 Nathan Pine Director of Athletics 258150 0 25000 0 216 0 29062 0 17938 0 330366 0 0 0 Susan Rodgers Professor 118864 0 0 0 178860 0 11788 0 5300 0 314812 0 0 0 Charles Weiss Professor 127457 0 0 0 159647 0 11440 0 11935 0 310479 0 0 0 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. A Massachusetts Development Finance Agency 2007B 043431814 57583RLM5 2007-05-03 30306021 Refunding 1998 issue true false false B Massachusetts Development Finance Agency 2008A 043431814 57583RUZ6 2008-05-08 45340000 Refunding 2006 issue false false false C Massachusetts Development Finance Agency 2008B 043431814 57583RVU6 2008-05-08 71076481 Refunding 2007 issue true false false D Massachusetts Development Finance Agency 2016A 043431814 57584XLE9 2016-04-06 42545003 Refunding 2008 issue & constructio false false false A 12865000 13885000 30306021 0 0 0 258981 169240 0 0 29877800 0 false true true true B 8390000 0 45340000 0 0 0 181594 158406 0 0 45000000 0 true false true true C 25060000 10970000 71076481 0 0 0 503481 0 0 0 70573000 0 true false true true D 0 0 42545003 0 0 0 476785 0 0 30004560 12063658 0 false true true true A false true true true true true 0.00000 0.00000 0.00000 false false false true B false true true true true true 0.00000 0.00910 0.00910 false false false true C false true true true true true 0.00000 0.02810 0.02810 false false false true D false true true true false 0.00000 0.00000 0.00000 false false false true A false false false true false false 0 false 0 false true B false false false true true true Bank of America LLC 28.3 false false false 0 false true C false false false true false false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true 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. A Massachusetts Development Finance Agency 2017 043431814 57584XR60 2017-06-06 14441700 Refunding of 2007 issue false false false A 0 0 14441700 0 0 0 208409 0 0 0 14233291 0 false true true true A false true true true false 0.00000 0.00000 0.00000 false false false true A false true false false false false 0 false 0 false true A true Terry Blackwell Lori Blackwell, Officer 22091 compensation false PART IV LINE 1 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. X 140 4112176 AVG PRICE QUOTE false true false 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. 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 Quinsigamond Village LLC One College Street Worcester MA 01610 464605316 Real estate MA 0 1190000 Holy Cross HC 36 Sutton Place One College Street Worcester MA 01610 810885652 Real estate NY 0 0 HOLY CROSS Alchemy Plan (Crusader) LP TRAFALGAR COURT LES BANQUES GK GY1 3QL 900401997 Investing GK NA Excluded -83071 3497142 true 0 false 0.99500 Charitable remainder trusts (9) One College Street Worcester MA 01610 CHAR REMAINDER TR MA NA Trust false false false false false false false false false false false false false false false false false true true ALCHEMY PLAN LP R 12676 FMV ALCHEMY PLAN LP S 581219 FMV