TRUSTEES OF THE COLLEGE OF THE HOLY CROSS: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- TRUSTEES OF THE COLLEGE OF THE HOLY CROSS (EIN 04-2103558)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-05-12
- IRS object ID
- 201721329349301252
- Schema version
- 2015v3.0
- 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 L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-12T09:08:43-00:00 | ReturnTs |
| Tax Period End | 2016-06-30 | 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 | 755 Main Street | AddressLine1Txt |
| City | Hartford | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | 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) |
|---|---|---|
| Business Name Control | TRUS | BusinessNameControlTxt |
| Phone | 5087933497 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 College Street | AddressLine1Txt |
| City | Worcester | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 016102395 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Dorothy Hauver | PersonNm |
| Person Title | VP and Treasurer | PersonTitleTxt |
| Signature | 2017-05-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Mary-Evelyn Antonetti | PreparerPersonNm |
| Phone | 8602976085 | PhoneNum |
| Preparation | 2017-05-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | 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 | 1 College Street | AddressLine1Txt |
| City | Worcester | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 016102395 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $407,259,458 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | holycross.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1905 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | College of the Holy Cross, the College 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 | 38 | VotingMembersIndependentCnt |
| Total Employee | 3369 | TotalEmployeeCnt |
| Total Volunteers | 1500 | TotalVolunteersCnt |
| Total Gross UBI | $1,440,498 | TotalGrossUBIAmt |
| PY Contributions Grants | $90,605,654 | PYContributionsGrantsAmt |
| CY Contributions Grants | $38,853,240 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $176,433,683 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $181,335,688 | CYProgramServiceRevenueAmt |
| PY Investment Income | $40,518,794 | PYInvestmentIncomeAmt |
| CY Investment Income | $8,020,247 | CYInvestmentIncomeAmt |
| PY Other Revenue | $144,173 | PYOtherRevenueAmt |
| CY Other Revenue | $195,711 | CYOtherRevenueAmt |
| PY Total Revenue | $307,702,304 | PYTotalRevenueAmt |
| CY Total Revenue | $228,404,886 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $49,267,556 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $51,077,176 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $100,904,353 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $104,333,680 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $101,138 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $601,932 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $9,173,007 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $66,355,544 | PYOtherExpensesAmt |
| CY Other Expenses | $66,457,856 | CYOtherExpensesAmt |
| PY Total Expenses | $216,628,591 | PYTotalExpensesAmt |
| CY Total Expenses | $222,470,644 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $91,073,713 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,934,242 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,088,802,644 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,100,921,095 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $185,239,929 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $235,627,372 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $903,562,715 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $865,293,723 | NetAssetsOrFundBalancesEOYAmt |
| 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 | $189,054,943 | ExpenseAmt |
| Grant | $51,020,860 | GrantAmt |
| Revenue | $180,304,197 | 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. The program emphasize 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 6,595 applicants who applied for admission to the Class of 2019, 37 percent were accepted and 738 enrolled. Approximately 24 percent of the class is African-American, Latin American, Asian-American and Native American. Students come from 35 states and 10 countries. Men represent 48 percent of the class and women 52 percent with a total full time enrollment of 2,885 with 699 of those students graduating in May 2016. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,031,491 | ExpenseAmt |
| Grant | $56,316 | GrantAmt |
| Revenue | $1,031,491 | 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 | $190,086,434 | 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 | Yes (true) | 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 | 4630 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 3369 | 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 | 38 | 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 |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedureInd |
| 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 | 1 College Street | AddressLine1Txt |
| City | Worcester | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 016102395 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (62 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Philip L Boroughs SJ | ||||||||
| President | 045.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| John J Mahoney Jr | ||||||||
| Trustee/Chair | 003.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Thomas H Carey | ||||||||
| Trustee/Vice Chair | 003.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Douglas M Baker Jr | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Michael G Barrett | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Helen W Boucher | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Susan Power Curtin | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| William M Doran Jr | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Susan F Feitelberg | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Maria Eugenia Ferre Rangel | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Anne M Fink | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| John B Fisher | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Kevin T Fitzgerald SJ | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| James G Gartland SJ | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Michael Carl Gilson SJ Term Beg Spt | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Stuart E Graham | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Michael Greene | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Thomas Greene SJ Term Beg Sept 2015 | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Thomas P Joyce Jr Term Beg Sept 201 | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Brian P Kelley | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Kathleen McLaughlin LaCroix | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Linda M LeMura Term Beg Sept 2015 | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Mark S Massa SJ | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Ann McElaney-Johnson | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Edwin J McLaughlin Jr Term Beg Sept | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| John D Milner Term Beg Sept 2015 | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| James F Mooney III | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Robert F Moriarty | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Robert S Morrison | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| John P MullmanTerm Beg Sept 2015 | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Andrew J O'Brien | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Richard H Patterson | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| William J Phelan | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Cornelius B Prior Jr | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Carolyn M Risoli | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Francine Rosado-Cruz Term Beg Sept | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Nancy M Taylor | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| William J Teuber Jr | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Yarlennys K Villaman Term Beg Sept | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Ronald Amoit SJ Term ended Sept 201 | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Michael Daniels Term ended Sept 201 | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Brian Linnane SJ Term ended Sept 20 | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Nicholas Pelletier Term ended Sept | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Mary Murphy Westover Term ended Spt | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| John Baldovin SJ Term ended Sept 20 | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| David Grain Term ended Sept 2015 | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Frank Vellaccio | ||||||||
| Senior Vice President | 045.00 | Yes (X) | $303,424 | $0 | $55,404 | |||
| Dorothy A Hauver | ||||||||
| Vice President and Treasurer | 045.00 | Yes (X) | $246,571 | $0 | $53,772 | |||
| Elizabeth Dionne Term Beg Sept 2015 | ||||||||
| Director of Finance and Asst Treasurer | 045.00 | Yes (X) | $68,567 | $0 | $22,911 | |||
| Timothy Jarry | ||||||||
| Chief Investment Officer and Asst Treasurer | 045.00 | Yes (X) | $409,383 | $0 | $133,336 | |||
| Jane E Corr | ||||||||
| Special Asst to the President and Secretary | 045.00 | Yes (X) | $141,075 | $0 | $16,899 | |||
| Lori A Blackwell | ||||||||
| Executive Asst to the President and Asst. Secretary | 040.00 | Yes (X) | $68,384 | $0 | $73,991 | |||
| Tracy Barlok | ||||||||
| Vice President for Advancement | 045.00 | $312,641 | $0 | $75,805 | Yes (X) | |||
| Margaret Freije | ||||||||
| Vice President for Academic Affairs | 045.00 | $247,119 | $0 | $75,803 | Yes (X) | |||
| William Campbell SJ | ||||||||
| Vice President for Mission | 045.00 | $0 | $0 | $0 | Yes (X) | |||
| Jacqueline Peterson | ||||||||
| Dean of Students | 045.00 | $197,437 | $0 | $46,499 | Yes (X) | |||
| Elizabeth Small | ||||||||
| General Counsel | 040.00 | $18,739 | $0 | $2,384 | Yes (X) | |||
| Robert Cording | ||||||||
| Professor | 040.00 | $299,531 | $0 | $25,581 | Yes (X) | |||
| William Conley Jr | ||||||||
| Dir of Adm Svcs | 040.00 | $209,457 | $0 | $15,349 | Yes (X) | |||
| Milan Brown | ||||||||
| Head Bskball Coach | 040.00 | $505,000 | $0 | $16,104 | Yes (X) | |||
| Nathan Pine | ||||||||
| Dir of Athletics | 040.00 | $245,689 | $0 | $52,403 | Yes (X) | |||
| William Carmody | ||||||||
| Head Bskball Coach | 040.00 | $285,348 | $0 | $52,209 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,558,365 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $718,450 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 128 | 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 | $1,906,429 |
| Sasaki Associates | |||||
| 64 Pleasant Street | Waltham | MA | 02472 | Architect | $1,415,204 |
| Lamoureux Pagano Assoc Inc | |||||
| 108 Grove Street | Worcester | MA | 01605 | Architect | $579,278 |
| Cambridge Associates | |||||
| 125 High Street | Boston | MA | 02110 | Investment Consulting | $503,025 |
| OHO Interactive Corp | |||||
| 55 Davis Square | Somerville | MA | 02144 | Marketing Consulting | $410,322 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 11 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $311,770 | FundraisingAmt |
| All Other Contributions | $38,541,470 | AllOtherContributionsAmt |
| Noncash Contributions | $6,745,230 | NoncashContributionsAmt |
| Total Contributions | $38,853,240 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Tuition and fees | 611600 | $137,352,336 | $137,352,336 | |
| Room and board | 611710 | $31,196,054 | $31,196,054 | |
| Sales of auxiliary services | 722320 | $5,895,427 | $4,473,208 | $1,422,219 |
| Athletics | 611710 | $2,322,305 | $2,322,305 | |
| Grants and student aid revenue | 611710 | $2,545,141 | $2,545,141 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,024,425 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,024,425 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $181,335,688 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,619,478 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $18,279 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,601,199 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,989 | TotalRevenueColumnAmt |
| Exclusion | $19,989 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $204,984 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $204,984 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $204,984 | TotalRevenueColumnAmt |
| Exclusion | $204,984 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $183,091,374 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $178,710,594 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,380,780 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,380,780 | TotalRevenueColumnAmt |
| Exclusion | $4,380,780 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $134,705 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $311,770 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $143,978 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$9,273 | TotalRevenueColumnAmt |
| Exclusion | -$9,273 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $228,404,886 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $179,913,469 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,440,498 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,197,679 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $371,316 | TotalAmt |
| Program Services | $371,316 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,197,641 | TotalAmt |
| Program Services | $48,197,641 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,508,219 | TotalAmt |
| Program Services | $2,508,219 | 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 | $2,681,166 | TotalAmt |
| Program Services | $598,712 | ProgramServicesAmt |
| Management And General | $1,665,217 | ManagementAndGeneralAmt |
| Fundraising | $417,237 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,823 | TotalAmt |
| Program Services | $47,823 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,718,957 | TotalAmt |
| Program Services | $60,998,148 | ProgramServicesAmt |
| Management And General | $9,319,797 | ManagementAndGeneralAmt |
| Fundraising | $3,401,012 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,174,415 | TotalAmt |
| Program Services | $5,046,214 | ProgramServicesAmt |
| Management And General | $826,769 | ManagementAndGeneralAmt |
| Fundraising | $301,432 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,312,615 | TotalAmt |
| Program Services | $13,160,242 | ProgramServicesAmt |
| Management And General | $2,336,264 | ManagementAndGeneralAmt |
| Fundraising | $816,109 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,398,704 | TotalAmt |
| Program Services | $4,316,238 | ProgramServicesAmt |
| Management And General | $802,704 | ManagementAndGeneralAmt |
| Fundraising | $279,762 | 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 | $746,816 | TotalAmt |
| Program Services | $2,556 | ProgramServicesAmt |
| Management And General | $741,251 | ManagementAndGeneralAmt |
| Fundraising | $3,009 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $259,000 | TotalAmt |
| Management And General | $259,000 | 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 | $601,932 | TotalAmt |
| Fundraising | $601,932 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,043,415 | TotalAmt |
| Management And General | $2,043,415 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,114,561 | TotalAmt |
| Program Services | $2,303,439 | ProgramServicesAmt |
| Management And General | $1,463,288 | ManagementAndGeneralAmt |
| Fundraising | $347,834 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $381,514 | TotalAmt |
| Program Services | $237,175 | ProgramServicesAmt |
| Management And General | $143,607 | ManagementAndGeneralAmt |
| Fundraising | $732 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,108,482 | TotalAmt |
| Program Services | $5,189,098 | ProgramServicesAmt |
| Management And General | $501,592 | ManagementAndGeneralAmt |
| Fundraising | $1,417,792 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,506,744 | TotalAmt |
| Program Services | $350,916 | ProgramServicesAmt |
| Management And General | $2,090,294 | ManagementAndGeneralAmt |
| Fundraising | $65,534 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,939,907 | TotalAmt |
| Program Services | $7,177,247 | ProgramServicesAmt |
| Management And General | $741,973 | ManagementAndGeneralAmt |
| Fundraising | $20,687 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,309,284 | TotalAmt |
| Program Services | $3,821,822 | ProgramServicesAmt |
| Management And General | $252,657 | ManagementAndGeneralAmt |
| Fundraising | $234,805 | 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 | $755,699 | TotalAmt |
| Program Services | $667,771 | ProgramServicesAmt |
| Management And General | $69,297 | ManagementAndGeneralAmt |
| Fundraising | $18,631 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,230,464 | TotalAmt |
| Program Services | $5,683,755 | ProgramServicesAmt |
| Management And General | $546,709 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,096,042 | TotalAmt |
| Program Services | $11,796,526 | ProgramServicesAmt |
| Management And General | $1,299,516 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,001,387 | TotalAmt |
| Program Services | $30,823 | ProgramServicesAmt |
| Management And General | $888,916 | ManagementAndGeneralAmt |
| Fundraising | $81,648 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Study abroad expenses | $5,090,120 | $5,090,120 | ||
| Food for dining operations and functions | $5,197,889 | $4,240,716 | $271,111 | $686,062 |
| Library collection | $1,721,782 | $1,721,782 | ||
| Other costs | $3,954,750 | $2,940,874 | $933,688 | $80,188 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $3,587,261 | ProgramServicesAmt |
| Management And General | -$3,985,862 | ManagementAndGeneralAmt |
| Fundraising | $398,601 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $222,470,644 | TotalAmt |
| Program Services | $190,086,434 | ProgramServicesAmt |
| Management And General | $23,211,203 | ManagementAndGeneralAmt |
| Fundraising | $9,173,007 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,424 | BOYAmt |
| EOY | $12,424 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,836,991 | BOYAmt |
| EOY | $55,663,143 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,769,847 | BOYAmt |
| EOY | $80,577,918 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $232,218 | BOYAmt |
| EOY | $256,823 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,398,484 | BOYAmt |
| EOY | $7,379,278 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $581,059 | BOYAmt |
| EOY | $459,406 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $610,487 | BOYAmt |
| EOY | $786,473 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $486,854,333 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $246,432,580 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $209,147,436 | BOYAmt |
| EOY | $240,421,753 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,172,464 | BOYAmt |
| EOY | $83,558,161 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $649,171,143 | BOYAmt |
| EOY | $604,903,576 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,870,091 | BOYAmt |
| EOY | $26,902,140 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,088,802,644 | BOYAmt |
| EOY | $1,100,921,095 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,448,053 | BOYAmt |
| EOY | $35,458,566 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,449,511 | BOYAmt |
| EOY | $4,312,205 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $137,968,324 | BOYAmt |
| EOY | $161,963,370 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $746,457 | BOYAmt |
| EOY | $967,129 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,627,584 | BOYAmt |
| EOY | $32,926,102 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $185,239,929 | BOYAmt |
| EOY | $235,627,372 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $405,086,019 | BOYAmt |
| EOY | $391,784,449 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $306,824,860 | BOYAmt |
| EOY | $275,793,243 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $191,651,836 | BOYAmt |
| EOY | $197,716,031 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $903,562,715 | BOYAmt |
| EOY | $865,293,723 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,088,802,644 | BOYAmt |
| EOY | $1,100,921,095 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $5,934,242 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$28,349,581 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$15,853,653 | 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 | $29,655,695 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $25,142,412 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $53,747,383 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $90,605,654 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $38,853,240 | CurrentTaxYearAmt |
| Total | $238,004,384 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $29,655,695 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $25,142,412 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $53,747,383 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $90,605,654 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $38,853,240 | CurrentTaxYearAmt |
| Total | $238,004,384 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $77,195,685 | SubstantialContributorsTotAmt |
| Public Support Total170 | $160,808,699 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,926,032 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,899,689 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,619,806 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,241,717 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,844,451 | CurrentTaxYearAmt |
| Total | $31,531,695 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $108,009 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $69,850 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus1 Year | $36,976 | CurrentTaxYearMinus1YearAmt |
| Total | $214,835 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $269,750,914 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $847,941,734 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.59610 | PublicSupportCY170Pct |
| Public Support PY170 | 0.64240 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
| Public Support CY509 | 0.00000 | PublicSupportCY509Pct |
| Investment Income CY | 0.00000 | InvestmentIncomeCYPct |
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
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus1 | $2,037 | CurrentYearMinus1Amt |
| 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 Minus1 | $185 | CurrentYearMinus1Amt |
| Total | $185 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus1 | $9 | CurrentYearMinus1Amt |
| Total | $9 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $14 | GrassrootsCeilingAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | 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 25,650 to the Association of Jesuit Colleges and Universities, 19,920 to the Association of Independent Colleges and Universities and 4,936 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 |
| Section170h Rqr Stsfd | Yes (true) | Section170hRqrStsfdInd |
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $396,755 | RevenuesIncludedAmt |
| Assets Included | $1,249,660 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | $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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| 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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| 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 |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $607,712,688 | BeginningYearBalanceAmt |
| Contributions | $6,853,564 | ContributionsAmt |
| Investment Earnings Or Losses | -$831,072 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,509,500 | GrantsOrScholarshipsAmt |
| Other Expenditures | $15,738,086 | OtherExpendituresAmt |
| Administrative Expenses | $2,718,206 | AdministrativeExpensesAmt |
| End Year Balance | $589,769,388 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.47000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.27000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.26000 | 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 | $3,987,759 | OtherCostOrOtherBasisAmt |
| Book Value | $3,987,759 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $377,990,037 | OtherCostOrOtherBasisAmt |
| Depreciation | $170,968,587 | DepreciationAmt |
| Book Value | $207,021,450 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $60,347,330 | OtherCostOrOtherBasisAmt |
| Depreciation | $50,676,078 | DepreciationAmt |
| Book Value | $9,671,252 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $44,529,207 | OtherCostOrOtherBasisAmt |
| Depreciation | $24,787,915 | DepreciationAmt |
| Book Value | $19,741,292 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $240,421,753 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (9 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Financial derivatives and other financial products | ||
| Closely-held equity interests | ||
| Global bonds | $51,829,965 | F |
| Global equity | $290,616,419 | F |
| Real assets | $55,732,509 | F |
| Other investments | $3,890,149 | F |
| Private equity | $67,821,102 | F |
| Hedge fund absolute return | $109,284,470 | F |
| Commodities | $25,728,962 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $604,903,576 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal income taxes | |
| Interest rate swap | $11,966,479 |
| US government refundable advances | $4,931,800 |
| Annuity obligations | $3,756,018 |
| Accrued pension obligation | $12,271,805 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $32,926,102 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $132,385,436 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$28,349,581 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$15,853,653 | OtherRevenueAmt |
| Revenue Not Reported | -$44,203,234 | RevenueNotReportedAmt |
| Revenue Subtotal | $176,588,670 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $4,353,546 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $47,462,670 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $51,816,216 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $228,404,886 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $170,654,428 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $170,654,428 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $4,353,546 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $47,462,670 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $51,816,216 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $222,470,644 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| III 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. |
| IV 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 activites, trips and projects of interest to the students or to support College programs. Each agency fund is provied 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. |
| V 4 | The Colleges endowment consists of approximately 800 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 Colleges endowment fund supports the following areas financial aid for students, teaching, academic support, student services and athletic programs. |
| X 2 | The College is a tax exempt organization as defined in Section 501c3 of the Internal Revenue Code and is generally exempt from federal and state income taxes under Section 501a of the code and applicable state law. The College believes it has taken no significant uncertain tax positions. |
| XI 4b | and Part XII Line 4b Other adjustments include intra-departmental revenues reported as expense offset in 990 -3,252,293, scholarships of 50,705,860, direct fundraising expenses of 143,978 and net miscellanous activity totaling -134,875. Total for line 4b is 47,462,670. |
| II 9 | The College has not received any gift of property subject to a conservation easement and therefore does not report a conservation easement in its revenue and expense statement or balance sheet. Two of the Colleges buildings that are used for academic and administrative purposes were built in the late 1800s and are included on the historic register. |
| XI 2d | The College is a counterparty to an interest rate swap agreement. The fair market value adjustment for this financial instrument was a loss of 3,004,189. The College sponsors a defined benefit pension plan. The adjustment to the benefit obligation was a loss of 11,755,806. The College also refinanced certain bonds during the year and recorded a loss of 1,093,658 on the defeasance. Total line 2d is a loss of 15,853,653. |
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 | 6a | FormAndLineReferenceDesc |
| Explanation | 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 (12 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | EmployeeEmployeeCnt |
|---|---|---|---|---|
| Central America and the Caribbean | Program services | Attend College Abroad | $198,825 | |
| East Asia and the Pacific | Program services | Attend College Abroad | $516,254 | 1 |
| Europe Including Iceland and Greenland | Program services | Attend College Abroad | $3,977,876 | 18 |
| South America | Program services | Attend College Abroad | $347,148 | 4 |
| Russia and the Neighboring States | Program services | Attend College Abroad | $41,871 | 2 |
| Middle East and North Africa | Program services | Attend College Abroad | $8,147 | |
| Europe Including Iceland and Greenland | Investments | $3,758,662 | ||
| Central America and the Caribbean | Investments | $208,072,203 | ||
| Europe Including Iceland and Greenland | Scholarships | Attend College Abroad | $1,975,494 | |
| Central America and the Caribbean | Scholarships | Attend College Abroad | $53,775 | |
| East Asia and the Pacific | Scholarships | Attend College Abroad | $241,950 | |
| South America | Scholarships | Attend College Abroad | $237,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Employees | 25 | SubtotalEmployeesCnt |
| Total Employee | 25 | TotalEmployeeCnt |
| Subtotal Spent | $219,429,205 | SubtotalSpentAmt |
| Total Spent | $219,429,205 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (4 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt |
|---|---|---|---|---|
| Scholarship | Europe Including Iceland and Greenland | 81 | $1,975,494 | Credit applied to student account |
| Scholarship | Central America and the Caribbean | 4 | $53,775 | Credit applied to student account |
| Scholarship | East Asia and the Pacific | 14 | $241,950 | Credit applied to student account |
| Scholarship | South America | 11 | $237,000 | Credit applied to student account |
| 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 adivisors, linquistic support and tutorial assistance. Program cost, other than scholarships, are tracked by program location. Scholarships are provided to students attending programs abroad using the same methodology that is applied to students who attend clases 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 | Gross ReceiptsGrossReceiptsAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| Educe LLC | ||||||||
| 111 Eighth Avenue | New York | NY | 10011 | Consultant | false | $466,618 | ||
| Ronald Joyce | ||||||||
| 309 Oakwood Dr | Yarmouth | ME | 04096 | Consultant | false | $27,169 | ||
| Carter Halliday Associates | ||||||||
| 107 South St 5D | Boston | MA | 02111 | Professional Services | false | $27,445 | ||
| Give Campus Inc | ||||||||
| 903 G St SE | Washington | DC | 20003 | Professional Services | Yes (true) | $18,000 | $655,361 | $637,361 |
| Embryo Creative LLC | ||||||||
| 30 Newbury St 3rd FL | Boston | MA | 02116 | Professional Services | false | $40,200 | ||
| Michael Grinley | ||||||||
| PO Box 611 | Goshen | MA | 01032 | Professional Services | false | $22,500 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $655,361 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $601,932 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $637,361 | TotalNetToOrganizationAmt |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | New York Council | Event1Nm |
| Gross Receipts Event1 | $369,490 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $262,770 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $106,720 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $118,556 | RentFacilityCostsEvent1Amt |
| Event2 | Hockey Golf Outing | Event2Nm |
| Gross Receipts Event2 | $53,350 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $34,850 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $18,500 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $24,440 | RentFacilityCostsEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $23,635 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $14,150 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $9,485 | GrossRevenueOtherEventsAmt |
| Rent Fclty Costs Other Events | $982 | RentFcltyCostsOtherEventsAmt |
| Gross Receipts Total | $446,475 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $311,770 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $134,705 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $143,978 | RentFcltyCostsTotalEventsAmt |
| Direct Expense Summary Events | $143,978 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$9,273 | 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 (6 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 | 501c3 | $38,168 | Research |
| City of Worcester | |||||||
| 455 Main Street | Worcester | MA | 01606 | 046001418 | 115 | $250,000 | Community Book Mobile operation |
| Rensselaer Polytechnic Institute | |||||||
| 110 Eight Street | Troy | NY | 12180 | 141340095 | 501c3 | $18,148 | Research |
| Adopt a Student | |||||||
| 49 Elm Street | Worcester | MA | 01610 | 046665080 | 501c3 | $10,000 | Scholarship |
| Worceser Public Library Foundation | |||||||
| 455 Main Street | Worcester | MA | 01606 | 046001418 | 115 | $10,000 | Public Library Support |
| Blackstone River Valley National Heritage | |||||||
| 1 Depot Square | Woonsocket | RI | 02890 | 273086245 | 501c3 | $45,000 | Community Visitor Center |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 6 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Scholarships | GrantTypeTxt |
| Recipient | 1497 | RecipientCnt |
| Non Cash Assistance | $48,197,641 | NonCashAssistanceAmt |
| Non Cash Assistance | Credit applied to student account | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I Line 1 | The College provides grants to certain charitable organizations within the Worcester area. These grants are closely tied to promoting the Colleges 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 require to maintain satisfactory adademic 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 | Yes (true) | 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 (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt |
|---|---|---|---|---|---|---|---|
| Frank Vellaccio | |||||||
| Senior Vice President | $300,376 | $3,048 | $28,326 | $27,078 | $358,828 | ||
| Dorothy A Hauver | |||||||
| Vice President and Treasurer | $246,211 | $360 | $27,930 | $25,842 | $300,343 | ||
| Timothy Jarry | |||||||
| Chief Investment Officer and Asst Treasurer | $314,661 | $216 | $108,694 | $24,642 | $542,719 | $94,506 | $54,322 |
| Jane E Corr | |||||||
| Special Asst to the President and Secretary | $140,631 | $444 | $14,452 | $2,447 | $157,974 | ||
| Tracy Barlok | |||||||
| Vice President for Advancement | $284,156 | $28,485 | $28,326 | $47,479 | $388,446 | ||
| Margaret Freije | |||||||
| Vice President for Academic Affairs | $246,087 | $1,032 | $27,886 | $47,917 | $322,922 | ||
| Jacqueline Peterson | |||||||
| Dean of Students | $195,853 | $1,584 | $21,858 | $24,641 | $243,936 | ||
| Robert Cording | |||||||
| Professor | $102,311 | $197,220 | $10,461 | $15,120 | $325,112 | ||
| William Conley Jr | |||||||
| Dir of Adm Svcs | $153,295 | $56,162 | $14,430 | $919 | $224,806 | ||
| Milan Brown | |||||||
| Head Bskball Coach | $151,587 | $353,413 | $9,366 | $6,738 | $521,104 | ||
| Nathan Pine | |||||||
| Dir of Athletics | $245,473 | $216 | $46,355 | $6,048 | $298,092 | ||
| William Carmody | |||||||
| Head Bskball Coach | $284,292 | $1,056 | $28,326 | $23,883 | $337,557 | ||
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I Line 7 | The College implemented a performance based incentive plan to motivate and reward persons within the investment office for achieving the Colleges long-term financial objectives. A committee appointed by the President of the College administers the incentive plan. The committee determines each participants 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, completion of annual goals, leadership competencies and overall performance in major areas of responsibility. Timothy Jarry earned 80,368 in deferred compensation as part of the incentive plan which is included in Part II column C. |
| 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 Colleges available medical health plans. Robert Cording retired in August 2015 and received 197,220 in other reportable compensation as part of the Colleges early retirement program. There are no other amounts to be paid. |
| 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 501c3. 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. |
| Part 1 Line 4a | William Conley,Jr. separated from the College in October 2015 and was paid severance until May 2016. Milan Brown separated from the College in April 2015 and was eligible to be paid the balance of his contract. This sum 353,413 was paid in June 2015. |
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 2007B | ||||||||
| A | 043431814 | 57583RLM5 | 2007-05-03 | $30,306,021 | Refunding 1998 Issue | false | false | false |
| Massachusetts Development Finance 2008A | ||||||||
| B | 043431814 | 57583RUZ6 | 2008-05-08 | $45,340,000 | Refunding 2006 Issue | false | false | false |
| Massachusetts Development Finance 2008B | ||||||||
| C | 043431814 | 57583RVU6 | 2008-05-08 | $71,076,481 | Refunding 2007 Issue | Yes (true) | false | false |
| Massachusetts Development Finance 2016A | ||||||||
| D | 043431814 | 57584XLE9 | 2016-04-06 | $42,545,003 | Refunding 2008 Issue and construction | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Bond DefeasedBondDefeasedAmt | Capital ExpendituresCapitalExpendituresAmt | UnspentUnspentAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $11,010,000 | $30,306,021 | $258,981 | $169,240 | $29,877,800 | 1998 | false | Yes (true) | Yes (true) | Yes (true) | |||
| B | $7,300,000 | $45,340,000 | $181,594 | $158,406 | $45,000,000 | 2006 | Yes (true) | false | Yes (true) | Yes (true) | |||
| C | $21,775,000 | $71,076,481 | $503,481 | $70,573,000 | 2007 | Yes (true) | false | Yes (true) | Yes (true) | $10,970,000 | |||
| D | $42,545,003 | $476,785 | $12,063,658 | Yes (true) | $7,595,241 | $22,409,319 |
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 | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct |
|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | Yes (true) | false | Yes (true) | false | false | Yes (true) | ||
| B | false | false | Yes (true) | false | Yes (true) | false | false | Yes (true) | 0.00910 | 0.00910 |
| C | false | Yes (true) | Yes (true) | false | Yes (true) | false | false | Yes (true) | 0.02810 | 0.02810 |
| D | false | false | Yes (true) | false | 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 | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (no name) | ||||||||||||
| A | false | false | false | Yes (true) | false | false | false | false | Yes (true) | |||
| Bank of America LLC | ||||||||||||
| B | false | false | false | Yes (true) | Yes (true) | Yes (true) | false | false | Yes (true) | 0000000028.300000000000 | false | false |
| (no name) | ||||||||||||
| C | false | false | false | Yes (true) | false | false | false | false | Yes (true) | |||
| (no name) | ||||||||||||
| D | false | Yes (true) | false | false | false | false | false | 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 (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV Line 2C | No rebate was due as of the rebate calculation performed on 4/22/2013 for MDFA 2008A. |
| Part IV Line 2C | No rebate was due as of the rebate calculation performed on 4/22/2013 for MDFA 2008B. |
| Part IV Line 2C | The MDFA 2007B bond was issued a no arbitrage certificate under Treasury Regulation 1.148-2b2i dated May 3, 2007 and a rebate calculation was performed on September 12, 2010 which indicated no rebate due. |
| Part III Line 2 | The College has a lease agreement with a barber, who provides styling services to the students and some staff, located in property funded by MDFA 2007. |
| Part III Line 3A 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 as they fall under the incidental exception provided by the IRS. |
| 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. |
| Part II Line 12 | A portion of the proceeds from the MDFA 2016A Issue were used to legally defease a portion of the MDFA 2008B bonds. |
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 | $47,823 | 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 47,823 during calendar year 2015. | ExplanationTxt |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $29,250 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Appraisal | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 118 | ContributionCnt |
| Noncash Contributions Rpt F990 | $6,234,575 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Average FMV | MethodOfDeterminingRevenuesTxt |
Historical Artifacts HistoricalArtifactsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $367,505 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Appraisal | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | Piano | Desc |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $113,900 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Appraisal | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 6 | Form8283ReceivedCnt |
| 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 32b | The College uses a registered broker to sell securities that are gifted to the College. |
| Part I Line 9 | Column B represents the number of contributions made to the College. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part XI, Line 9 | The College is a counterparty to an interest rate swap agreement. The fair market value adjustment for this financial instrument was a loss of 3,004,189. The College sponsors a defined benefit pension plan. The adjustment to the benefit obligation was a loss of 11,755,806. The College also refinanced certain bonds during the year and recorded a loss of 1,093,658 on the defesance. Total line 9 is a loss of 15,853,653. |
| Form 990, Part VI, Section B, Line 11A | Management of the College is responsible for drafting the Federal Form 990. The completed draft Form 990 is submitted for review to the Colleges tax advisor. Recommended changes are discussed with management and incorporated into the return. The draft Form 990 is then 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 Colleges 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 of the input from the Board of Trustees and the Audit Committee has been appropriately addressed, the Treasurer of the College is authorized 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 Colleges 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 that 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 Committees determination with respect to the specific procedures the member will follow regarding the issue or transaction. |
| Form 990, Part VI, Section B, Line 15A 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 renumeration 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 offices 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 independant 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 Colleges governing documents, articles of incorporation and bylaws may be found on the College website under the Office of the General Counsel. The conflict of interest policy is also available on the College website. |
| Form 990, Part VI, Section A, Line 1a | The Colleges 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 2016 included Philip L. Boroughs S.J., John J. Mahoney, Jr., Thomas H. Carey, Anne M. Fink and James G. Gartland, S.J. |
| Form 990, Part X, Line 11 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. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Alchemy Plan LP | BusinessNameLine1Txt |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Trafalgar Court Les Banques | AddressLine1Txt |
| City | St Peter Port | CityNm |
| Country | GK | CountryCd |
| Foreign Postal | GY13QL | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 980376083 | 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 | -$887,241 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $4,148,756 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | Yes (true) | DisproportionateAllocationsInd |
| General Or Managing Partner | false | GeneralOrManagingPartnerInd |
| Ownership | 0.99500 | OwnershipPct |
| 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 |
| Div Related Organization | false | DivRelatedOrganizationInd |
| 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 | $54,422 | FMV |
| Alchemy Plan LP | ||
| s | $887,241 | FMV |