TRUSTEES OF THE COLLEGE OF THE HOLY CROSS: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- TRUSTEES OF THE COLLEGE OF THE HOLY CROSS (EIN 04-2103558)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-05-15
- IRS object ID
- 201541359349300814
- Schema version
- 2013v4.0
- 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 | 2015-05-15T09:01:23-00:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 755 Main Street | AddressLine1 |
| City | Hartford | City |
| State | CT | State |
| ZIP Code | 06103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | 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 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TRUS | BusinessNameControlTxt |
| Phone | 5087932514 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 College Street | AddressLine1 |
| City | Worcester | City |
| State | MA | State |
| ZIP Code | 016102395 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Dorothy Hauver | PersonNm |
| Person Title | Interim VP and Treasurer | PersonTitleTxt |
| Signature | 2015-05-15 | 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 | 2015-05-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | BuildTS |
Form 990 IRS990
| 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 | AddressLine1 |
| City | Worcester | City |
| State | MA | State |
| ZIP Code | 016102395 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $373,463,987 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | holycross.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | Holy Cross is a private, Jesuit liberal arts college dedicated to the pursuit of excellence in teaching, learning, service of faith and promotion of justice. | ActivityOrMissionDesc |
| Voting Members Governing Body | 37 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 35 | VotingMembersIndependentCnt |
| Total Employee | 3285 | TotalEmployeeCnt |
| Total Volunteers | 250 | TotalVolunteersCnt |
| Total Gross UBI | $1,603,164 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$939,885 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $25,142,412 | PYContributionsGrantsAmt |
| CY Contributions Grants | $53,747,383 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $167,501,245 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $169,793,580 | CYProgramServiceRevenueAmt |
| PY Investment Income | $20,302,677 | PYInvestmentIncomeAmt |
| CY Investment Income | $31,659,979 | CYInvestmentIncomeAmt |
| PY Other Revenue | $201,992 | PYOtherRevenueAmt |
| CY Other Revenue | $198,925 | CYOtherRevenueAmt |
| PY Total Revenue | $213,148,326 | PYTotalRevenueAmt |
| CY Total Revenue | $255,399,867 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $46,190,292 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $46,205,787 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $94,543,355 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $95,406,240 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $7,597,530 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $60,499,708 | PYOtherExpensesAmt |
| CY Other Expenses | $62,921,225 | CYOtherExpensesAmt |
| PY Total Expenses | $201,233,355 | PYTotalExpensesAmt |
| CY Total Expenses | $204,533,252 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,914,971 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $50,866,615 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $918,104,794 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,028,055,784 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $194,450,144 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $192,398,336 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $723,654,650 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $835,657,448 | NetAssetsOrFundBalancesEOYAmt |
| Mission | FOUNDED IN 1843, COLLEGE OF THE HOLY CROSS IS A HIGHLY SELECTIVE, FOUR YEAR COLLEGE OF APPROXIMATELY 2,900 STUDENTS. ONE OF THE NATIONS LEADING LIBERAL ARTS INSTITUTIONS, HOLY CROSS OFFERS AN ACADEMICALLY CHALLENGING AND PERSONALLY FULFILLING EDUCATION IN THE JESUIT TRADITION. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $175,381,456 | ExpenseAmt |
| Grant | $46,205,787 | GrantAmt |
| Revenue | $169,090,500 | RevenueAmt |
| Desc | THE COLLEGE WAS A COMMUNITY OF 2,877 FULL TIME STUDENTS IN 2014. THE STUDENT POPULATION IS 50 MEN AND 50 WOMEN FOR THE CLASS OF 2018. IN 2014 THERE WERE 679 INDIVIDUALS WHO COMPLETED THEIR MATRICULATION AND RECEIVED AN A.B. DEGREE. FINANCIAL ASSISTANCE WAS PROVIDED TO 61 OF STUDENTS. THE COLLEGE ADMITS QUALIFIED STUDENTS BASED ON THEIR APPLICATION, HIGH SCHOOL REPORT, AND TEACHER REFERENCES. THE COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, SEX, AGE OR HANDICAP IN ITS EDUCATIONAL, ADMISSIONS OR FINANCIAL AID POLICIES OR PROGRAMS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $703,080 | ExpenseAmt |
| Revenue | $703,080 | RevenueAmt |
| Desc | BASIC RESEARCH IN CHEMISTRY, PHYSICS, PSYCHOLOGY AND BIOLOGY. THE MAJORITY OF THE RESEARCH IS FUNDED BY PRIVATE GRANTS FROM FOUNDATIONS AND THE BALANCE OF THE FUNDING IS PROVIDED BY THE U.S. GOVERNMENT. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $176,084,536 | 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 | false | 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 | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 4406 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 3285 | 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 | 37 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 35 | 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 | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Charles F Estaphan | PersonNm |
| Phone | 5087932514 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 College Street | AddressLine1 |
| City | Worcester | City |
| State | MA | State |
| ZIP Code | 016102395 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (53 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| Philip L Boroughs SJ | ||||||||
| President | 045.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Kevin T FitzGerald SJ | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Ronald Amiot SJ | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Michael G Barrett | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Susan F Feitelberg | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Anne M Fink | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Thomas H Carey | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Mark S Massa SJ | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Michael E Daniels | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| William M Doran Jr | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Robert S Morrison | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Brian P Kelley | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| John B Fisher | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Maria Eugenia Ferre Rangel | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Ann McElaney-Johnson | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| David J Grain | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Susan Power Curtin | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Andrew J O'Brien | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Kathleen McLaughlin LaCroix | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| P Kevin Condron | ||||||||
| Trustee/Chair | 003.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Brian F Linnane SJ | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Nicholas J Pelletier | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Cornelius B Prior Jr | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| John J Mahoney Jr | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| William J Teuber Jr | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Bernadette M Semple | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Richard H Patterson | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Park B Smith | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Nancy M Taylor | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Donna M Winn | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Mary Murphy Westover | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| John Baldovin SJ | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Michael Greene | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Priscilla Lam | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| James F Mooney | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Robert F Moriarty | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| James G Gartland SJ | ||||||||
| Trustee | 003.00 | Yes (X) | $0 | $0 | $0 | |||
| Michael Lochhead | ||||||||
| VP Treasurer | 045.00 | Yes (X) | $309,126 | $0 | $58,614 | |||
| Jacqueline Peterson | ||||||||
| Dean of Students | 045.00 | Yes (X) | $196,638 | $0 | $44,499 | |||
| Frank Vellaccio | ||||||||
| Sr. VP | 045.00 | Yes (X) | $395,993 | $0 | $104,344 | |||
| Jane E Corr | ||||||||
| Secretary | 045.00 | Yes (X) | $111,917 | $0 | $4,744 | |||
| Lori A Blackwell | ||||||||
| Asst Secretary | 045.00 | Yes (X) | $28,859 | $0 | $43,299 | |||
| Timothy Jarry | ||||||||
| Chief Invest Officer | 045.00 | Yes (X) | $289,772 | $0 | $52,797 | |||
| Dorothy Hauver | ||||||||
| Assistant Treasurer | 045.00 | Yes (X) | $171,802 | $0 | $44,511 | |||
| Paul Harman SJ | ||||||||
| VP of Mission | 045.00 | Yes (X) | $0 | $0 | $0 | |||
| Margaret Freije | ||||||||
| Vice President for Academic Affairs and Dean of the College | 045.00 | Yes (X) | $201,668 | $0 | $65,863 | |||
| Tracy Barlok | ||||||||
| Vice President for Advancement | 045.00 | Yes (X) | $280,369 | $0 | $50,831 | |||
| Richard Regan Jr | ||||||||
| Athletic Director | 045.00 | $203,872 | $0 | $46,518 | Yes (X) | |||
| John Carter | ||||||||
| Professor | 040.00 | $260,445 | $0 | $25,749 | Yes (X) | |||
| Milan Brown | ||||||||
| Basketball Coach | 040.00 | $362,171 | $0 | $52,797 | Yes (X) | |||
| Thomas Gilmore | ||||||||
| Football Coach | 040.00 | $191,520 | $0 | $50,774 | Yes (X) | |||
| Edward Thompson Jr | ||||||||
| Professor | 040.00 | $204,554 | $0 | $15,653 | Yes (X) | |||
| Timothy Austin | ||||||||
| Dean | $147,804 | $0 | $11,363 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,356,510 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $672,356 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 104 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Sasaki Associates Inc | |||||
| 64 Pleasant Street | Watertown | MA | 02472 | Architect | $896,248 |
| Fox Bus Lines Inc | |||||
| 3 Silver Fox Drive | Millbury | MA | 01527 | Transportation Services | $418,025 |
| Silchester International Investors | |||||
| 780 Third Avenue 42nd Floor | New York | NY | 10017 | Investment Management | $469,867 |
| Wellington Management Company | |||||
| 280 Congress Street | Boston | MA | 02210 | Investment Management | $526,815 |
| Cambridge Associates | |||||
| 125 High Street | Boston | MA | 02110 | Investment Consulting | $500,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $489,601 | FundraisingAmt |
| All Other Contributions | $53,257,782 | AllOtherContributionsAmt |
| Noncash Contributions | $12,513,055 | NoncashContributionsAmt |
| Total Contributions | $53,747,383 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Tuition and fees | 611600 | $127,917,832 | $127,917,832 | ||
| Room and board | 611710 | $30,023,516 | $30,023,516 | ||
| Sales of auxiliary services | 722320 | $5,229,329 | $1,521,671 | $3,707,658 | |
| Athletics | 611710 | $1,659,112 | $1,659,112 | ||
| Grants and student aid revenue | 611710 | $2,458,569 | $2,458,569 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,505,222 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,505,222 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $169,793,580 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,435,896 | TotalRevenueColumnAmt |
| Exclusion | $6,435,896 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $183,910 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $183,910 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $183,910 | TotalRevenueColumnAmt |
| Exclusion | $183,910 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $143,092,440 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $117,868,357 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $25,224,083 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $25,224,083 | TotalRevenueColumnAmt |
| Exclusion | $25,224,083 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $129,285 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $489,601 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $195,763 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$66,478 | TotalRevenueColumnAmt |
| Exclusion | -$66,478 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $81,493 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $81,493 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $81,493 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $255,399,867 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $164,564,251 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,603,164 | UnrelatedBusinessRevenueAmt |
| Exclusion | $35,485,069 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $171,100 | TotalAmt |
| Program Services | $171,100 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,064,796 | TotalAmt |
| Program Services | $45,064,796 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $969,891 | TotalAmt |
| Program Services | $969,891 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,262,547 | TotalAmt |
| Program Services | $686,821 | ProgramServicesAmt |
| Management And General | $1,955,652 | ManagementAndGeneralAmt |
| Fundraising | $620,074 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,147,333 | TotalAmt |
| Program Services | $57,972,619 | ProgramServicesAmt |
| Management And General | $6,001,956 | ManagementAndGeneralAmt |
| Fundraising | $3,172,758 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,947,199 | TotalAmt |
| Program Services | $4,964,067 | ProgramServicesAmt |
| Management And General | $670,992 | ManagementAndGeneralAmt |
| Fundraising | $312,140 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,177,210 | TotalAmt |
| Program Services | $12,328,249 | ProgramServicesAmt |
| Management And General | $1,128,262 | ManagementAndGeneralAmt |
| Fundraising | $720,699 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,871,951 | TotalAmt |
| Program Services | $4,066,568 | ProgramServicesAmt |
| Management And General | $549,678 | ManagementAndGeneralAmt |
| Fundraising | $255,705 | 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 | $359,150 | TotalAmt |
| Program Services | $4,250 | ProgramServicesAmt |
| Management And General | $343,901 | ManagementAndGeneralAmt |
| Fundraising | $10,999 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $272,494 | TotalAmt |
| Management And General | $272,494 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees For Services Prof Fundraising | FeesForServicesProfFundraising |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,601,712 | TotalAmt |
| Program Services | $13,608 | ProgramServicesAmt |
| Management And General | $1,588,104 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,282,414 | TotalAmt |
| Program Services | $1,942,485 | ProgramServicesAmt |
| Management And General | $1,893,015 | ManagementAndGeneralAmt |
| Fundraising | $446,914 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161,630 | TotalAmt |
| Program Services | $122,651 | ProgramServicesAmt |
| Management And General | $37,437 | ManagementAndGeneralAmt |
| Fundraising | $1,542 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,794,927 | TotalAmt |
| Program Services | $6,264,988 | ProgramServicesAmt |
| Management And General | $425,735 | ManagementAndGeneralAmt |
| Fundraising | $1,104,204 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,854,993 | TotalAmt |
| Program Services | $937,000 | ProgramServicesAmt |
| Management And General | $851,264 | ManagementAndGeneralAmt |
| Fundraising | $66,729 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,526,110 | TotalAmt |
| Program Services | $7,770,619 | ProgramServicesAmt |
| Management And General | $645,585 | ManagementAndGeneralAmt |
| Fundraising | $109,906 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,948,604 | TotalAmt |
| Program Services | $3,467,410 | ProgramServicesAmt |
| Management And General | $246,479 | ManagementAndGeneralAmt |
| Fundraising | $234,715 | 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 | $534,519 | TotalAmt |
| Program Services | $477,777 | ProgramServicesAmt |
| Management And General | $38,445 | ManagementAndGeneralAmt |
| Fundraising | $18,297 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,374,805 | TotalAmt |
| Program Services | $5,750,495 | ProgramServicesAmt |
| Management And General | $624,310 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,365,586 | TotalAmt |
| Program Services | $11,863,542 | ProgramServicesAmt |
| Management And General | $1,502,044 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $884,460 | TotalAmt |
| Program Services | $52,592 | ProgramServicesAmt |
| Management And General | $812,177 | ManagementAndGeneralAmt |
| Fundraising | $19,691 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Study abroad program | $3,754,106 | $3,754,106 | ||
| Food and functions | $5,058,721 | $4,284,873 | $338,235 | $435,613 |
| Guarantees | $58,800 | $61,500 | -$2,700 | |
| Bad Debt | $540,280 | $474,100 | $66,180 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,547,914 | TotalAmt |
| Program Services | $2,618,429 | ProgramServicesAmt |
| Management And General | $859,241 | ManagementAndGeneralAmt |
| Fundraising | $70,244 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $204,533,252 | TotalAmt |
| Program Services | $176,084,536 | ProgramServicesAmt |
| Management And General | $20,851,186 | ManagementAndGeneralAmt |
| Fundraising | $7,597,530 | 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 | $17,225 | BOYAmt |
| EOY | $12,224 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,370,988 | BOYAmt |
| EOY | $44,698,803 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,562,262 | BOYAmt |
| EOY | $31,348,932 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $269,336 | BOYAmt |
| EOY | $285,709 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,238,713 | BOYAmt |
| EOY | $7,343,086 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $582,465 | BOYAmt |
| EOY | $509,786 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,586,987 | BOYAmt |
| EOY | $307,491 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $425,452,083 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $219,286,852 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $205,827,462 | BOYAmt |
| EOY | $206,165,231 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $216,891,400 | BOYAmt |
| EOY | $224,440,306 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $424,717,099 | BOYAmt |
| EOY | $509,195,246 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,040,857 | BOYAmt |
| EOY | $3,748,970 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $918,104,794 | BOYAmt |
| EOY | $1,028,055,784 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,044,641 | BOYAmt |
| EOY | $24,741,978 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,657,777 | BOYAmt |
| EOY | $4,594,051 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $151,059,289 | BOYAmt |
| EOY | $144,978,807 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $873,335 | BOYAmt |
| EOY | $1,050,368 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $53,435 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,815,102 | BOYAmt |
| EOY | $16,979,697 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $194,450,144 | BOYAmt |
| EOY | $192,398,336 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $366,087,499 | BOYAmt |
| EOY | $400,754,343 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $192,616,517 | BOYAmt |
| EOY | $257,449,500 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $164,950,634 | BOYAmt |
| EOY | $177,453,605 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $723,654,650 | BOYAmt |
| EOY | $835,657,448 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $918,104,794 | BOYAmt |
| EOY | $1,028,055,784 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $50,866,615 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $68,494,309 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$7,358,126 | 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 | $21,389,940 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,812,852 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $29,655,695 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $25,142,412 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $53,747,383 | CurrentTaxYearAmt |
| Total | $146,748,282 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $21,389,940 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,812,852 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $29,655,695 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $25,142,412 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $53,747,383 | CurrentTaxYearAmt |
| Total | $146,748,282 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $22,231,535 | SubstantialContributorsTotAmt |
| Public Support Total170 | $124,516,747 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,200,637 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,128,975 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,926,032 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,899,689 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,619,806 | CurrentTaxYearAmt |
| Total | $31,775,139 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $162,281 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $23,459 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $108,009 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $69,850 | CurrentTaxYearMinus1YearAmt |
| Total | $363,599 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $118,531 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $125,927 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $117,725 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $143,721 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $81,493 | CurrentTaxYearAmt |
| Total | $587,397 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $179,474,417 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $771,593,829 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.69380 | PublicSupportCY170Pct |
| Public Support PY170 | 0.76050 | 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 Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Total | $1,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $1,500,000 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $902 | CurrentYearMinus3Amt |
| Total | $902 | TotalAmt |
Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $902 | CurrentYearMinus3Amt |
| Total | $902 | TotalAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| II-A | DURING THE YEAR THE COLLEGE DID NOT ENGAGE IN ANY LOBBYING TO INFLUENCE A LEGISLATIVE BODY. THE COLLEGE HAS AN EMPLOYEE THAT IS A REGISTERED LOBBYIST WHO DID NOT PARTICIPATE IN ANY LOBBYING ACTIVITY DURING THE YEAR ENDED JUNE 30, 2014. |
| II-A | THE COLLEGE PAYS DUES TO SOME EDUCATIONAL ASSOCIATIONS. A PORTION OF THESE DUES MAY OR MAY NOT BE ATTRIBUTABLE TO LOBBYING ON BEHALF OF THE ASSOCIATIONS MEMBERS. THE COLLEGE IS UNABLE TO DETERMINE WHAT PORTION OF THESE DUES, IF ANY, IS RELATED TO LOBBYING. |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Historic Structure | Yes (X) | HistoricStructureInd |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | Yes (true) | WrittenPolicyMonitoringInd |
| Section170h Rqr Stsfd | Yes (true) | Section170hRqrStsfdInd |
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $852,905 | 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 |
| 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 | $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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| 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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $522,493,344 | BeginningYearBalanceAmt |
| Contributions | $8,654,234 | ContributionsAmt |
| Investment Earnings Or Losses | $100,650,889 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,436,053 | GrantsOrScholarshipsAmt |
| Other Expenditures | $16,230,869 | OtherExpendituresAmt |
| Administrative Expenses | $2,418,857 | AdministrativeExpensesAmt |
| End Year Balance | $607,712,688 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $492,679,761 | BeginningYearBalanceAmt |
| Contributions | $4,789,778 | ContributionsAmt |
| Investment Earnings Or Losses | $48,461,840 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,669,581 | GrantsOrScholarshipsAmt |
| Other Expenditures | $16,081,612 | OtherExpendituresAmt |
| Administrative Expenses | $2,686,842 | AdministrativeExpensesAmt |
| End Year Balance | $522,493,344 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.49000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.25000 | 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 | $3,829,759 | OtherCostOrOtherBasisAmt |
| Book Value | $3,829,759 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $324,320,890 | OtherCostOrOtherBasisAmt |
| Depreciation | $158,124,461 | DepreciationAmt |
| Book Value | $166,196,429 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $54,638,797 | OtherCostOrOtherBasisAmt |
| Depreciation | $37,319,239 | DepreciationAmt |
| Book Value | $17,319,558 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $42,662,637 | OtherCostOrOtherBasisAmt |
| Depreciation | $23,843,152 | DepreciationAmt |
| Book Value | $18,819,485 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $206,165,231 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (7 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Financial derivatives and other financial products | ||
| Closely-held equity interests | ||
| Hedge funds | $323,699,754 | F |
| Private equity | $112,276,398 | F |
| Real assets | $64,749,697 | F |
| Other investments | $1,065,404 | F |
| Planned Gift | $7,403,993 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $509,195,246 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal income taxes | |
| Interest Rate Swap | $8,306,488 |
| Refundable Advances | $4,975,313 |
| Annuity Obligations | $3,697,896 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $16,979,697 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $269,218,700 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $68,494,309 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$4,200,364 | OtherRevenueAmt |
| Revenue Not Reported | $64,293,945 | RevenueNotReportedAmt |
| Revenue Subtotal | $204,924,755 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $3,754,973 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $46,720,139 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $50,475,112 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $255,399,867 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $157,207,700 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $3,157,761 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $3,157,761 | ExpensesNotReportedAmt |
| Expenses Subtotal | $154,049,939 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $3,754,973 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $46,728,340 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $50,483,313 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $204,533,252 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. THESE BUILDINGS ARE THEREFORE SUBJECT TO RESTRICTIONS REGARDING THEIR PRESERVATION. THE COLLEGES POLICY IS TO MAINTAIN ALL CAMPUS PROPERTY IN A GOOD AND SOUND STATE OF REPAIR, AT A LEVEL SO AS TO PREVENT DETERIORATION AND PRESERVE THE ARCHITECTURAL AND HISTORICAL INTEGRITY OF CAMPUS BUILDINGS AND GROUNDS IN WAYS THAT MAKE THE CAMPUS ELIGIBLE FOR LISTING IN THE NATIONAL REGISTER OF HISTORIC PLACES. |
| III 4 | THROUGH BOTH CONTEMPORARY AND HISTORICAL EXHIBITIONS, THE IRIS AND B. GERALD CANTOR ART 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 ARTS 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 FUNDS ARE USED PRIMARILY TO FUND STUDENT ACTIVITIES, TRIPS AND PROJECTS OF INTEREST TO THE STUDENTS OR TO SUPPORT COLLEGE PROGRAMS. EACH AGENCY FUND IS PROVIDED A UNIQUE COST CENTER ESTABLISHED IN THE COLLEGES FINANCIAL RECORDS. THESE COST CENTERS PROVIDE A SAFE, SECURE, AND CONVENIENT METHOD OF ACCOUNTING FOR AND ADMINSTERING THESE FUNDS. ALL CUSTODIAL FUNDS FOLLOW THE EXPENDITURE POLICIES AND PROCEDURES OUTLINED BY THE COLLEGE. |
| IV 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 ENDOWMENTS. THE COLLEGES ENDOWMENT FUND SUPPORTS THE FOLLOWING AREAS FINANCIAL AID FOR STUDENTS ATTENDING THE COLLEGE, TEACHING, ACADEMIC SUPPORT, STUDENT SERVICES AND ATHLETIC PROGRAMS SCHOLARSHIPS. INVESTMENT INCOME EARNED BY FACULTY ENDOWMENT FUNDS IS USED TO FUND A PROFESSORS SALARY. ENDOWED PROFESSORSHIPS ARE OFTEN AWARDED TO LEADING SCIENTISTS AND SCHOLARS WHO ARE CONTRIBUTING SIGNIFICANTLY TO TEACHING AND THEIR RESPECTIVE DISCIPLINES. ANOTHER PURPOSE FOR WHICH ENDOWMENT FUNDS IS RESTRICTED IS SCIENTIFIC AND SCHOLARLY RESEARCH. THE COLLEGE IS INCREASINGLY RELYING ON ITS OWN RESOURCES TO ASSIST NEW FACULTY IN DEVELOPING THEIR RESEARCH PROGRAMS BECAUSE FEDERAL FUNDS HAVE LAGGED. IN THE PAST, THE COLLEGE RECEIVED GIFTS TO CONSTRUCT AND SUSTAIN NEW SCIENTIFIC OR OTHER ACADEMIC FACILITIES AND ENDOWMENT SUPPORT IS PARTICULARLY IMPORTANT FOR THE SUPPORT OF PROGRAMS HOUSED IN THOSE ACADEMIC FACILITIES. THE ENDOWMENT ALSO PROVIDES FUNDING FOR THE COLLEGES LIBRARY AND ART GALLERY WHICH ARE CRITICAL COMPONENTS OF THE INTELLECTUAL AND CULTURAL LIFE ON CAMPUS. DONORS HAVE ALSO CREATED ENDOWMENTS FOR THE PURPOSE OF SUPPORTING INTERCOLLEGIATE ATHLETICS. THE COLLEGE USES INVESTMENT INCOME FROM SUCH GIFTS TO FUND ATHLETIC SCHOLARSHIPS, FACILITIES, COACHING SALARIES AND EQUIPMENT. |
| 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 LAWS. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. |
| XI 2D | OTHER ADJUSTMENTS CONSIST OF GAIN ON INTEREST RATE SWAP AGREEMENTS OF 49,194, PENSION ADJUSTMENTS RELATING TO FAS 158 OF A LOSS OF 7,406,390, INTRA-DEPARTMENTAL REVENUE OF 2,918,931, CHANGE IN LIFE INCOME OF 40,708, COST ON FUNDRAISING EXPENSES OF 195,763 AND MISCELLANEOUS OF 1,430. TOTAL REVENUE INCLUDED ON FINANCIAL STATEMENTS NOT ON RETURN IS 4,200,364. |
| XI 4B | OTHER ADJUSTMENTS CONSIST OF SCHOLARSHIPS NETTED AGAINST TUITION REVENUE OF 46,034,688, INCREASE IN BAD DEBT PROVISION FOR NON-OPERATING PLEDGES OF 394,550, LOAN FUND EXPENSES OF 206,343, GENERAL ALUMNI ASSOCIATION REVENUE OF 81,493, AND MISCELLANEOUS OF 3,065. TOTAL REVENUE INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS IS 46,720,139. |
| XII 2D | OTHER ADJUSTMENTS CONSIST OF INTRA-DEPARTMENTAL REVENUE OF 2,918,931, CHANGE IN LIFE INCOME OF 40,708, COST ON FUNDRAISING EXPENSES OF 195,763 AND MISCELLANEOUS OF 2,359. TOTAL EXPENSE INCLUDED ON FINANCIAL STATEMENTS NOT ON RETURN IS 3,157,761. |
| XII 4B | OTHER ADJUSTMENTS CONSIST OF SCHOLARSHIPS NETTED AGAINST TUITION REVENUE OF 46,034,688, INCREASE IN BAD DEBT PROVISION FOR NON-OPERATING PLEDGES OF 394,550, LOAN FUND EXPENSES OF 206,343, GENERAL ALUMNI ASSOCIATION EXPENSES OF 88,188 AND MISCELLANEOUS OF 4,571. TOTAL EXPENSES INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS IS 46,728,340. |
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 EDUCATION OPPORTUNITY GRANTS, THE PERKINS LOAN PROGRAM, DIRECT LENDING, PELL GRANTS, AND ACADEMIC COMPETITIVENESS GRANTS ADMINISTERED BY THE US DEPARTMENT OF EDUCATION. THE COLLEGE IS ALSO PARTICIPATING IN SEVERAL 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 (9 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | EmployeeEmployeeCnt |
|---|---|---|---|---|
| Central America and the Caribbean | Program services | Attend College Abroad | $203,436 | |
| East Asia and the Pacific | Program services | Attend College Abroad | $259,127 | |
| Europe | Program services | Attend College Abroad | $4,002,459 | 90 |
| South America | Program services | Attend College Abroad | $137,926 | 3 |
| Russia and the Newly Independent States | Program services | Attend College Abroad | $78,333 | |
| South Asia | Program services | Attend College Abroad | $39,280 | |
| Middle East and North Africa | Program services | Attend College Abroad | $3,420 | |
| Europe | Investments | $11,263,924 | ||
| Central America and the Caribbean | Investments | $201,753,997 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Employees | 93 | SubtotalEmployeesCnt |
| Total Employee | 93 | TotalEmployeeCnt |
| Subtotal Spent | $217,741,902 | SubtotalSpentAmt |
| Total Spent | $217,741,902 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | Scholarship | TypeOfAssistanceTxt |
| Recipient | 62 | RecipientCnt |
| Cash Grant | $969,891 | CashGrantAmt |
| Manner Of Cash Disbursement | Student Acct | MannerOfCashDisbursementTxt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| 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 | Yes (true) | 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 HOLY CROSS. THE COLLEGE MANAGES ALL ASPECTS OF THE PROGRAM AND ITS COSTS PROVIDING FOR ADVISORS, LINGUISITIC SUPPORT AND TUTORIAL ASSISTANCE. PROGRAM COSTS, OTHER THAN SCHOLARSHIPS, ARE TRACKED BY PROGRAM LOCATION. SCHOLARSHIPS ARE PROVIDED TO STUDENTS ATTENDING PROGRAMS ABROAD USING THE SAME METHODOLOGY THAT IS APPLIED TO STUDENTS WHO ATTEND CLASSES IN THE UNITED STATES AS DESCRIBED ON FORM 990, SCHEDULE I, PART IV. |
| Part I Line 3 | THE EXPENSES ARE CALCULATED BASED ON THE ACCRUAL METHOD OF ACCOUNTING. THE INVESTMENT INFORMATION IS REPORTED AT THE FAIR MARKET VALUE AT YEAR END. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | NY COUNCIL DINNER | NameOfEvent1Amt |
| Gross Receipts Event1 | $496,847 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $390,387 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $106,460 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $7,035 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $10,090 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $168,937 | OtherDirectExpensesEvent1Amt |
| Name Of Event2 | GOLF TOURNAMENT | NameOfEvent2Amt |
| Gross Receipts Event2 | $122,039 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $99,214 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $22,825 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $9,701 | RentFacilityCostsEvent2Amt |
| Gross Receipts Total | $618,886 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $489,601 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $129,285 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $16,736 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $10,090 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $168,937 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $195,763 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$66,478 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (4 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| City of Worcester | |||||||
| 455 Main Street | Worcester | MA | 01608 | 046001418 | 115 | $100,000 | Donation |
| Worcester Public Library Foundation | |||||||
| 455 Main Street | Worcester | MA | 01608 | 046001418 | 115 | $10,000 | Donation |
| Blackstone River Valley National Heritage Corridor Inc | |||||||
| 1 Depot Square | Woonsocket | RI | 02895 | 273086245 | 501c3 | $45,000 | Donation |
| Worcester Center for the Performing Arts Inc | |||||||
| 2 Southbridge Street | Worcester | MA | 01608 | 050521735 | 501c3 | $7,000 | Donation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 4 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|
| Scholarship - Funded by Federal Government | 165 | $728,000 | FMV |
| Scholarship - Funded by State Government | 200 | $492,700 | FMV |
| Scholarship - Funded by College | 1509 | $42,003,595 | FMV |
| Scholarship - Funded by Private Source | 97 | $1,840,501 | FMV |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I Line 2 | FormAndLineReferenceDesc |
| Explanation | 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 NEED-BLIND ADMISSIONS AND THEN MEETS 100 OF THEIR NEED, AS CALCULATED ACCORDING TO NATIONALLY RECOGNIZED FINANCIAL AID CRITERIA. THE COLLEGE USES A CONSERVATIVE NEEDS ANALYSIS, INSTITUTIONAL METHODOLOGY WHICH IS AGREED UPON BY MORE THAN 2,000 MEMBERS OF THE COLLEGE SCHOLARSHIP SERVICE ASSEMBLY. THE FINANCIAL AID PROGRAM IS GENEROUS AND ALL STUDENTS ARE ENCOURAGED TO APPLY REGARDLESS OF THEIR SOCIO-ECONOMIC BACKGROUND. APPROXIMATELY SIXTY-ONE PERCENT OF ALL STUDENTS RECEIVE SOME FORM OF FINANCIAL ASSISTANCE. A LIST OF RECIPIENTS WHO RECEIVE FINANCIAL ASSISTANCE IS MAINTAINED BY THE COLLEGE. THERE MAY BE SOME RECIPIENTS WHO ARE RELATED TO OFFICERS, TRUSTEES, OR OTHER DISQUALIFIED PERSONS SUCH RECIPIENTS ARE SELECTED ON AN EQUAL OBJECTIVELY DETERMINED BASIS WITH OTHERS. THE COLLEGE PROVIDES GRANTS TO CERTAIN CHARITABLE ORGANIZATIONS WITHIN THE WORCESTER, MA AREA. THESE GRANTS ARE CLOSELY TIED TO PROMOTING THE COLLEGES CHARITABLE AND EDUCATIONAL MISSION AND CONTRIBUTE TO THE ENRICHMENT OF THE GREATER WORCESTER AREA. SINCE THESE GRANTS ARE MADE TO CHARITIES, THE COLLEGE DOES NOT MONITOR THE USE OF THE GRANT FUNDS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| 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 | Yes (true) | 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 (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| Michael Lochhead | |||||
| VP Treasurer | $287,891 | $21,235 | $28,326 | $30,288 | $367,740 |
| Jacqueline Peterson | |||||
| Dean of Students | $180,303 | $16,335 | $20,028 | $24,471 | $241,137 |
| Frank Vellaccio | |||||
| Sr. VP | $267,608 | $128,385 | $28,326 | $76,018 | $500,337 |
| Timothy Jarry | |||||
| Chief Invest Officer | $271,952 | $17,820 | $28,326 | $24,471 | $342,569 |
| Richard Regan Jr | |||||
| Athletic Director | $183,126 | $20,746 | $20,547 | $25,971 | $250,390 |
| John Carter | |||||
| Professor | $87,371 | $173,074 | $9,146 | $16,603 | $286,194 |
| Milan Brown | |||||
| Basketball Coach | $343,222 | $18,949 | $28,326 | $24,471 | $414,968 |
| Dorothy Hauver | |||||
| Assistant Treasurer | $170,602 | $1,200 | $18,990 | $25,521 | $216,313 |
| Thomas Gilmore | |||||
| Football Coach | $178,300 | $13,220 | $20,486 | $30,288 | $242,294 |
| Edward Thompson Jr | |||||
| Professor | $80,538 | $124,016 | $8,218 | $7,435 | $220,207 |
| Margaret Freije | |||||
| Vice President for Academic Affairs and Dean of the College | $200,667 | $1,001 | $20,004 | $45,859 | $267,531 |
| Tracy Barlok | |||||
| Vice President for Advancement | $258,324 | $22,045 | $28,326 | $22,505 | $331,200 |
| Timothy Austin | |||||
| Dean | $115,679 | $32,125 | $10,612 | $751 | $159,167 |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I Line 1A | CERTAIN OFFICERS, KEY EMPLOYEES OR HIGHLY COMPENSATED EMPLOYEES ARE AUTHORIZED AS PART OF THEIR COMPENSATION AGREEMENT TO OBTAIN A MEMBERSHIP IN A SOCIAL OR RECREATIONAL CLUB. THESE DUES ARE GROSSED UP AND INCLUDED IN THE EMPLOYEES REPORTABLE COMPENSATION. |
| Part I Line 4A | PROFESSORS JOHN CARTER AND EDWARD THOMPSON, JR. RETIRED AND RECEIVED EARLY RETIREMENT PAYOUTS OF 171,489 AND 123,264 PLUS NONTAXABLE BENEFITS RESPECTIVELY. THEY RETIRED UNDER THE FACULTY EARLY RETIREMENT POLICY DESCRIBED IN SCHEDULE J, PART 1, LINE 7. |
| Part I Line 4B | FRANK VELLACCIO ORIGINALLY PARTICIPATED IN A SPLIT DOLLAR LIFE INSURANCE POLICY IN THE LATE 1990s. UPON THE COMPLETION OF THE TERMS OF THE SPLIT DOLLAR LIFE INSURANCE POLICY, THE COLLEGE DETERMINED THAT THE INTEREST AND PREMIUMS FROM A LATER MODIFICATION WERE TAXABLE AND THEREFORE REPORTED THOSE ITEMS AS TAXABLE INCOME ON FRANK VELLACCIOS 2013 FORM W-2. |
| Part II Line 6A | THE COLLEGE IMPLEMENTED A PERFORMANCE-BASED INCENTIVE PLAN TO MOTIVATE AND REWARD PERSONS WITHIN THE COLLEGES INVESTMENT OFFICE FOR ACHIEVING THE COLLEGES LONG-TERM FINANCIAL OBJECTIVES. A COMMITTEE APPOINTED BY THE PRESIDENT OF THE COLLEGE ADMINISTERS THIS INCENTIVE PLAN. THIS COMMITTEE DETERMINES EACH PARTICIPANTS ANNUAL INCENTIVE OPPORTUNITES WHICH VARIES BASED UPON ACHIEVEMENT OF SPECIFIED LEVELS OF PERFORMANCE FOR THE PLAN YEAR. FACTORS FOR DETERMINING INCENTIVE OPPORTUNITIES INCLUDE BENCHMARKING ENDOWMENT POOL RETURNS, RANKING AGAINST ENDOWMENT POOLS OF COMPARABLE ORGANIZATION, NET RETURN ON THE ENDOWMENT POOL, COMPLETION OF ANNUAL GOALS, LEADERSHIP COMPETENCIES, AND OVERALL PERFORMANCE IN MAJOR AREAS OF RESPONSIBILITIES. |
| Part I Line 7 | THE COLLEGE HAS ESTABLISHED A VOLUNTARY EARLY RETIREMENT PROGRAM FOR TENURED FACULTY MEMBERS WHO HAVE COMPLETED FIFTEEN YEARS OF SERVICE AND ATTAINED AGE 62. ELIGIBLE FACULTY MEMBERS ARE ENTITLED TO A PERCENTAGE PAYOUT THAT DECREASES OVER TIME. IN ADDITION, ELIGIBLE FACULTY MEMBERS ARE ABLE TO REMAIN ENROLLED IN THE COLLEGES AVAILABLE MEDICAL HEALTH PLANS. |
| 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 HIS 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 DIRECTION OF HIS SUPERIOR AND THE FULL AMOUNT OF COMPENSATION IS REMITTED TO HIS ORDER WHICH IS EXEMPT FROM TAX. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| Mass Develop & Finance Agency MDFA 2007B | ||||||||
| A | 042608195 | 57583RLM5 | 2007-05-03 | $30,306,021 | Refunding 1998 Issue | false | false | false |
| Mass Develop & Finance Agency MDFA 2008A | ||||||||
| B | 042608195 | 57583RU26 | 2008-05-08 | $45,340,000 | Refunding 2007A Issue | false | false | false |
| Mass Develop & Finance Agency MDFA 2008B | ||||||||
| C | 042608195 | 57583RVU6 | 2008-05-08 | $71,076,481 | Refunding 2006 Issue | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $7,525,000 | $30,306,021 | $258,981 | $169,240 | $29,877,800 | 2008 | false | Yes (true) | Yes (true) | Yes (true) |
| B | $5,240,000 | $45,340,000 | $181,594 | $158,406 | $45,000,000 | 2008 | Yes (true) | false | Yes (true) | Yes (true) |
| C | $14,215,000 | $71,076,481 | $503,481 | $70,573,000 | 2008 | Yes (true) | false | Yes (true) | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | 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 | false | false | false | false | Yes (true) | ||
| B | false | false | false | false | false | false | Yes (true) | 0.00910 | 0.00910 |
| C | false | false | false | false | false | false | Yes (true) | 0.02810 | 0.02810 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 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 | Yes (true) | 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) | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I Line 11 | THE PROCEEDS OF 29,877,800 WERE USED TO REFUND A PRIOR BOND DATED JULY 16, 1998. |
| Part I Line 11 | THE PROCEEDS OF 45,000,000 WERE USED TO REFUND A PRIOR BOND DATED MARCH 1, 2006. |
| Part I Line 11 | THE PROCEEDS OF 70,573,000 WERE USED TO REFUND A PRIOR BOND DATED MAY 3, 2007. |
| Part IV Line 2C | NO REBATE WAS DUE AS OF THE REBATE CALCULATION PERFORMED ON 4/22/2013 FOR MDFA 2008A AND 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. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Milan Brown | PersonNm |
| Relationship With Org | Highest Compensated Employee | RelationshipWithOrgTxt |
| Loan Purpose | Legal Services | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $50,000 | OriginalPrincipalAmt |
| Balance Due | $1,948 | BalanceDueAmt |
| Default | false | DefaultInd |
| Board Or Committee Approval | false | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (true) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $1,948 | TotalBalanceDueAmt |
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Officer Tuition Remission | PersonNm |
| Relationship With Org | Officer | RelationshipWithOrgTxt |
| Type Of Assistance | Tuition Remission | TypeOfAssistanceTxt |
| Assistance Purpose | Tuition Remission | AssistancePurposeTxt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| FEDERATED FUND ADVISORY CO | |||
| J. FISHER, TRUSTEE | $10,000 | MANAGEMENT FEE | false |
| BAUPOST GROUP | |||
| J. MOONEY, TRUSTEE | $2,970,000 | MANAGEMENT FEE | false |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV | CONSISTENT WITH THE POLICY DESCRIBED IN SCHEDULE O, THE FOLLOWING TRANSACTIONS HAVE BEEN REVIEWED AND ARE CONSIDERED TO BE IN THE BEST INTERESTS OF THE COLLEGE WITH TERMS THAT ARE FAVORABLE TO THE COLLEGE. |
| Part IV | JOHN B. FISHER IS A TRUSTEE OF THE COLLEGE OF THE HOLY CROSS AND THE PRESIDENT AND CEO OF FEDERATED FUND ADVISORY COMPANY. THE COLLEGE OF THE HOLY CROSS HAS A BUSINESS RELATIONSHIP WITH FEDERATED FUND ADVISORY COMPANY. FEES TO FEDERATED FUND ADVISORY COMPANY ARE APPROXIMATELY 10,000 PER YEAR AND ARE BASED UPON AN ARMS LENGTH AGREEMENT. |
| Part IV | JAMES F. MOONEY III IS A TRUSTEE OF THE COLLEGE OF THE HOLY CROSS AND PARTNER OF THE BAUPOST GROUP, LLC. THE COLLEGE IS INVESTED IN A BAUPOST GROUP, LLC HEDGE FUND. FEES TO THE BAUPOST GROUP, LLC WERE APPROXIMATELY 2,970,000 DURING THE YEAR ENDED 6/30/2014 AND ARE BASED UPON AN ARMS LENGTH AGREEMENT. |
| Part IV | P. KEVIN CONDRON IS A TRUSTEE OF THE COLLEGE AND IS A MEMBER OF THE BOARD OF DIRECTORS OF HANOVER INSURANCE COMPANY HANOVER. PAYMENTS ARE MADE BY THE COLLEGE TO HANOVER FOR INSURANCE PURCHASED BY HOLY CROSS EMPLOYEES AND DEDUCTED FROM THEIR PAYCHECKS AT THEIR REQUESTS AS A MATTER OF EMPLOYEE CONVENIENCE. THE PAYMENTS MADE TO HANOVER ARE NOT THE PROPERTY OF HOLY CROSS AND THIS IS A LONG STANDING PROGRAM OF HOLY CROSS THAT PREDATES MR. CONDRONS JOINING EITHER THE BOARD OF TRUSTEES OF HOLY CROSS OR THE BOARD OF DIRECTORS OF HANOVER. |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 154 | ContributionCnt |
| Noncash Contributions Rpt F990 | $12,513,055 | NoncashContributionsRptF990Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 2 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part IV, Section B, Line 11A | SENIOR MANAGEMENT OF THE COLLEGE IS RESPONSIBLE FOR DRAFTING FORM 990. THE COMPLETED DRAFT FORM 990 IS SUBMITTED FOR REVIEW TO THE COLLEGES TAX ADVISOR. RECOMMENDED CHANGES ARE DISCUSSED WITH SENIOR MANAGEMENT AND INCORPORATED INTO THE RETURN. THE DRAFT FORM 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 SENIOR 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 WILL BE ADDRESSED BY THE 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 THE CONFLICT. |
| Form 990, Part VI, Section B, Line 12C | THE GENERAL COUNSEL WILL REVIEW THE DISCLOSURES AND REPORT CONFLICTS OF INTEREST TO THE CHAIRMAN OF THE BOARD AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. 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 FEASIBLE, THE TERMS ARE FAVORABLE TO THE COLLEGE 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 COUNSEL OR OTHER INDEPENDENT ADVISORS IS NECESSARY IN PARTICULAR INSTANCES. |
| Form 990, Part VI, Section B, Line 12C | 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 RECOMMEND A STRATEGY TO ADDRESS THE IDENTIFIED CONFLICT. THESE FINDINGS WILL BE COMMUNICATED TO THE CHAIRMAN OF THE BOARD AND FULL BOARD OF TRUSTEES. THE MINUTES OF THE MEETING 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 15B | THE BYLAWS ARTICLE 2, SECTION 6 OF THE COLLEGE ESTABLISH THAT THE BOARD HAS THE AUTHORITY TO HIRE, EMPLOY, AND SET THE REMUNERATION OF THE PRESIDENT AND ALL OTHER OFFICERS OF INSTRUCTION AND ADMINISTRATION. THE EXECUTIVE COMMITTEE IS A PERMANENT COMMITTEE OF THE BOARD THAT HAS BEEN ASSIGNED THE RESPONSIBILITY FOR EVALUATING COMPENSATION REASONABLENESS FOR ALL OFFICERS OR 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 UNIQUE BACKGROUND, EXPERIENCE, PERSONAL SKILLS, PERFORMANCE, ADDITIONAL DUTIES AND ABILITIES AND THE ABILITY TO SOLVE CHALLENGES FACING THE COLLEGE, OBTAINING APPROPRIATE AND COMPARABLE COMPENSATION MARKET DATA FROM THE FOLLOWING SOURCES SIMILARLY SITUATED ORGANIZATIONS, BOTH FOR-PROFIT AND TAX EXEMPT FOR FUNCTIONALLY COMPARABLE POSITIONS INCLUDING COMPARATIVE DATA FROM CUPA AND OTHER JESUIT COLLEGES AND UNIVERSITIES INDEPENDENT COMPENSATION SURVEYS BY NATIONALLY RECOGNIZED INDEPENDENT FIRMS THE EXECUTIVE COMMITTEE WILL PERIODICALLY USE INDEPENDENT COMPENSATION CONSULTANTS TO REVIEW EXECUTIVE COMPENSATION. THE EXECUTIVE COMMITTEE DELIBERATES THE INFORMATION PROVIDED AND RELATIVE CONTRIBUTION OF EACH EXECUTIVE MEMBER BEFORE VOTING ON THE COMPENSATION PACKAGE. THE PRESIDENT EXCUSES HIMSELF FOR THE DISCUSSION AND VOTE ON HIS INDIVIDUAL COMPENSATION. THE PRESIDENT IS A MEMBER OF THE SOCIETY OF JESUS. MEMBERS OF THIS RELIGIOUS ORDER TAKE A VOW OF POVERTY AND RECEIVE COMPENSATION AS AN AGENT OF THEIR RELIGIOUS ORDER. RECORDS OF THE EXECUTIVE COMMITTEE MEETING ARE ADEQUARELY DOCUMENTED CONCURRENTLY WITH MAKING RECOMMENDATIONS REGARDING COMPENSATION. |
| Form 990, Part VI, Section B, Line 16A | THE COLLEGE PARTICIPATES IN A JOINT VENTURE, COLLABORATIVE EDUCATIONAL VENTURES OF NEW ENGLAND, LLC. CEVONE. CEVONE IS A COLLABORATIVE OF EDUCATIONAL INSTITUTIONS FORMED TO EXPLORE DEVELOP AND PROVIDE SPECIAL PURPOSE INITIATIVES WHICH MAY BE OF PARTICULAR INTEREST TO ITS PARTICIPATING MEMBER SCHOOLS, COLLEGES, AND UNIVERSITIES. THE COLLEGES GENERAL COUNSEL REVIEWED THIS POLICY FOR POTENTIAL LEGAL AND TAX ISSUES. |
| Form 990, Part VI, Section C, Line 19 | THE COLLEGES GOVERNING INSTRUMENTS, ARTICLES OF INCORPORATION AND BYLAWS MAY BE FOUND ON THE COLLEGE WEBSITE UNDER THE OFFICE OF THE GENERAL COUNSEL. THE COLLEGES CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE COLLEGES WEBSITE. |
| Form 990, Part XI, Line 9 | OTHER CHANGES IN NET ASSETS OR FUND BALANCES INCLUDE A GAIN ON INTEREST RATE SWAP AGREEMENTS AND OTHER OF 49,194, PENSION ADJUSTMENTS RELATING TO FINANCIAL STANDARDS ACCOUNTING NUMBER 158 WHICH IS A LOSS OF 7,406,390, HOLY CROSS CLUB OF BOSTON AND GENERAL ALUMNI ASSOCIATION BALANCES OF 737, AND MISCELLANEOUS ADJUSTMENT OF 1,667. TOTAL OTHER CHANGES IN NET ASSETS OR FUND BALANCES EQUAL 7,358,126. |
| Form 990, Part X, Line 9, 15 | TO PROPERLY REPORT THE AMOUNT OF PREPAID EXPENSES AND OTHER ASSETS, A RECLASSIFICATION WAS MADE FROM THE PRIOR YEAR. TO MAINTAIN CONSISTENCY THE BEGINNING BALANCE WAS RECLASSED TO MATCH THE ENDING BALANCE. |
| Form 990, Part VI, Section A, Line 1A | THE COLLEGES EXECUTIVE COMMITTEE IS SUBORDINATE AND RESPONSIBLE 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 EXCEPT TO APPROVE OR AUTHORIZE CHANGES IN THE CHARTER OF THE CORPORATION OR THE BYLAWS TO REMOVE OR ELECT OFFICERS OF THE CORPORATION OR THE PRESIDENT OF THE COLLEGE OF THE HOLY CROSS 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 PROPERTIES OF THE CORPORATION, OR TO CONFER HONORS OR DEGREES. |
| Form 990, Part VI, Section A, Line 1A | ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE ON THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED JUNE 30, 2014 COMPRISED OF THE PRESIDENT, THE CHAIR, AND THREE OTHER TRUSTEES. |
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 | BusinessNameLine1 |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Trafalgar Court Les Banques | AddressLine1 |
| City | St Peter Port | City |
| Country | GK | Country |
| Postal Code | GY13QL | PostalCode |
| 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 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | Investment | PredominantIncomeTypeTxt |
| Share Of Total Income | $3,641,708 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $13,255,153 | 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 (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| Alchemy Plan LP | ||
| r | $63,145 | FMV |
| Alchemy Plan LP | ||
| s | $4,704,556 | FMV |
| Quinsigamond Village | ||
| r | $1,248,760 | FMV |