2013-03-02T11:01:11-06:00 2012-06-30 721088864 LAPORTE APAC 111 VETERANS MEMORIAL BLVD SUITE 60 METAIRIE LA 700054958 990 2011-07-01 720642832 OUR LADY OF HOLY CROSS COLLEGE OURL 5043947744 4123 WOODLAND DRIVE NEW ORLEANS LA 701317337 ARLEAN WEHLE 5043947744 2013-03-01 1 BONNIE M WYLLIE JD LLM P00540011 5048355522 2011 2016-02-25 16:41:14Z ARLEAN WEHLE 4123 WOODLAND DRIVE NEW ORLEANS LA 701317337 37533059 0 X WWW.OLHCC.EDU X 1916 LA TO EDUCATE AND PROVIDE PUBLIC SERVICE TO ITS COLLEGE COMMUNITY. 17 17 224 0 0 0 10198560 10452013 10877400 11056325 1143010 1410225 85795 85335 22304765 23003898 10355152 10840004 0 0 6256919 5769273 0 0 269091 3650439 3972873 20262510 20582150 2042255 2421748 34832478 35962352 711803 429703 34120675 35532649 X OUR LADY OF HOLY CROSS COLLEGE PARTICIPATES IN THE TEACHING MISSION OF THE CATHOLIC CHURCH THROUGH THE HERITAGE AND CHARISM OF THE MARIANITES OF HOLY CROSS. THE ADMINISTRATION, STAFF AND FACULTY EDUCATE THE MINDS AND HEARTS OF UNDERGRADUATE AND GRADUATE STUDENTS THROUGH DEDICATED SERVICE AND INNOVATIVE TEACHING METHODS. ALL ARE CHALLENGED TO SEEK TRUTH, GOODNESS AND BEAUTY THROUGH CRITICAL THINKING, RESEARCH AND DIALOGUE. CALLED TO BE A PROPHETIC PRESENCE IN AN EVER-CHANGING WORLD, THE COLLEGE COMMUNITY SHARES ITS SPIRITUAL, MATERIAL, AND EDUCATIONAL RESOURCES WITH ALL.THE COLLEGE PROVIDES AN INDIVIDUALIZED HIGHER EDUCATION THAT LEADS TO CERTIFICATION, LICENSURE, AND OTHER COMPETENCIES IN THE WORKING WORLD TO AN ACADEMICALLY DIVERSE AND MULTI-CULTURAL STUDENT BODY.OLHCC ENGAGES STUDENTS, FACULTY, AND STAFF IN A RELATIONSHIP THAT FOSTERS STUDENT GROWTH AND CREATIVITY THROUGH PERSONAL ATTENTION, TECHNOLOGICAL ADVANCES, INNOVATIVE TEACHING METHODS, AND SERVICE TO THE COMMUNITY. 0 0 3731801 11129742 INSTRUCTIONAL SERVICES - PER SEMESTER, APPROXIMATELY 1200 STUDENTS WERE SERVICED IN APPROXIMATELY 330 SPECIFIC COURSES OF STUDY IN 24 DEGREE PROGRAMS. ADDITIONALLY, INSTRUCTIONAL SERVICES WERE DELIVERED TO THE CIVIC COMMUNITY THROUGH EXTENT OUTREACH PROGRAMS. 10840004 10840004 SCHOLARSHIPS, GRANTS & LOANS - FOR ACADEMIC YEAR 2011-2012, 23 STUDENTS RECEIVED SCHOLARSHIPS FROM OLHCC AND 59 STUDENTS RECEIVED SCHOLARSHIPS FROM PRIVATE SOURCES. MOST STUDENTS WERE AWARDED THE SCHOLARSHIPS ON THE BASIS OF ACADEMIC MERIT AND/OR UNMET FINANCIAL NEED. OTHERS WERE GRANTED AWARDS BASED ON ACADEMIC MERIT ONLY. A TOTAL OF 82 SCHOLARSHIPS IN THE AMOUNT OF $145,062 HAVE BEEN AWARDED. FOR FISCAL YEAR 2011-2012, 1,040 STUDENTS WERE ABLE TO RECEIVE SOME FORM OF FINANCIAL AID. MANY STUDENTS WOULD NOT BE ABLE TO PURSUE A POST-SECONDARY EDUCATION WERE IT NOT FOR THE FINANCIAL AID PROGRAMS. THE COLLEGE PARTICIPATES IN THE TITLE IV FEDERAL CAMPUS BASED PROGRAMS AS WELL AS THE FEDERAL PELL GRANT PROGRAM AND DISADVANTAGED NURSING SCHOLARSHIPS. -- 538 STUDENTS WERE ASSISTED AND ABLE TO RECEIVE $1,967,649 IN PELL GRANTS. -- 933 STUDENTS RECEIVED $8,107,164 IN FEDERAL SUBSIDIZED AND UNSUBSIDIZED STAFFORD LOANS. -- 168 STUDENTS RECEIVED $63,154 IN FEDERAL S.E.O.G. -- 7 STUDENTS RECEIVED $2,917 IN L.E.A.P. -- 117 STUDENTS RECEIVED $339,539 FROM THE LOUISIANA T.O.P.S. PROGRAM.-- 66 STUDENTS RECEIVED $56,965 FROM LOUISIANA G.O. GRANTS.-- 1 STUDENT RECEIVED $5,000 FROM LA CHAFEE EDUCATIONAL & TRAINING VOUCH PROGRAM.OUR LADY OF HOLY CROSS COLLEGE WAS ABLE TO AWARD $10,542,388 IN STUDENT AID FROM INSTITUTIONAL, PRIVATE, STATE, AND FEDERAL SOURCES. 988716 ACADEMIC SUPPORT - PROFESSIONAL AND TECHNICAL SERVICES WERE DELIVERED TO STUDENTS THROUGH LIBRARY, COMPUTER AND SCIENTIFIC LABORATORIES, AUDIO-VISUAL, COUNSELING AND CAREER AND PLACEMENT ACTIVITIES WITHIN THE COLLEGE 1111312 STUDENT SERVICES ENCOMPASSES VARIOUS SERVICES: THE REGISTRAR'S OFFICE PROVIDES PUBLICATIONS, COMPUTERIZED STUDENT RECORDS, AND OTHER ACADEMIC SERVICES TO PROSPECTIVE AND CURRENT STUDENTS. STUDENT SERVICES PROVIDES FUNDING FOR 5 PROFESSIONAL CLUBS.THE STUDENT GOVERNMENT ASSOCIATION OFFERS A MULTI-FACETED ARENA OF SOCIAL EVENTS AND ENTERTAINMENT ON AND OFF CAMPUS FOR STUDENTS.THE DIVISION OF STUDENT AFFAIRS FUNDS A HOST OF INTRAMURAL SPORTS AT THE COLLEGE, WHICH ARE AVAILABLE TO ALL STUDENTS.THE SECURITY OFFICE OVERSEES THE SECURITY OF THE CAMPUS AND PARKING LOTS, WHICH REQUIRE MAINTENANCE.THE HURRICANE CAFE PROVIDES FOOD SERVICES TO ALL STUDENTS, FACULTY AND STAFF.STUDENT SERVICES ALSO INCLUDES TRAVEL, WORKSHOPS AND SEMINARS IN ADDITION TO ADMINISTRATIVE SUPPLIES AND EQUIPMENT FOR STUDENT ORGANIZATIONS, ADMISSIONS AND RECRUITING STAFF OF THE COLLEGE.THE HEALTH SERVICES OFFICE PROVIDES ROUTINE HEALTH SERVICES AND FIRST AID SUPPLIES TO STUDENTS, FACULTY AND STAFF.TOTAL EXPENSES DURING THE CURRENT YEAR RELATED TO THE OTHER PROGRAM SERVICES LISTED ABOVE ARE: 1111312 16671833 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 2022 0 1 224 1 0 0 0 0 0 1 1 0 0 0 0 X 17 17 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 5043947744 4123 WOODLAND DRIVE NEW ORLEANS LA 701317337 SR KERI BURKE MSC 0.50 X 0 0 0 SR ANN LACOUR 0.50 X 0 0 0 STEVE WORLEY 0.50 X 0 0 0 BROTHER DONALD BLAUVELT CSC 0.50 X 0 0 0 LARRY ONEY 0.50 X 0 0 0 MICHAEL O READ 0.50 X 0 0 0 MARGUERITE CELESTIN 0.50 X 0 0 0 G PRICE CRANE 0.50 X 0 0 0 SR GRETCHEN DYSART MSC 0.50 X 0 0 0 TERRY M FONSECA 0.50 X 0 0 0 KYLE M FRANCE 0.50 X 0 0 0 GLENN GENNARO 0.50 X 0 0 0 SR ELLEN KRON DC 0.50 X 0 0 0 PAM LINCOLN 0.50 X 0 0 0 S GORDON REESE III 0.50 X 0 0 0 DENNISE V SAUVAGE 0.50 X 0 0 0 SR SUELLEN TENNYSON MSC 0.50 X 0 0 0 DR MYLES SEGHERS PHD 40.00 X 126369 0 3600 ARLEAN WEHLE 40.00 X 124045 0 3075 DR PAT PRECHTER 40.00 X 123906 0 2622 374320 0 9297 3 0 0 0 SODEXO FOOD SERVICE POST OFFICE BOX 536922 ATLANTA GA 30353 FOOD SERVICE 384275 DONAHUE FAVRET CONTRACTORS 3030 EAST CAUSEWAY APPROACH MANDEVILLE LA 70448 CONTRACTOR 229313 2 10299025 152988 10452013 TUITION & FEES 900099 11056325 11056325 11056325 551542 551542 8209 0 8209 8209 8209 15379703 14521020 858683 858683 858683 11850 8141 3709 3709 LOYOLA CONTRACTED INST 900099 36172 36172 COUNSELING CENTER 624100 32288 32288 MISCELLANEOUS REVENUE 900099 4957 4957 73417 23003898 11129742 0 1422143 10840004 10840004 4838962 3676783 1024298 137881 119268 85900 29557 3811 453365 323243 115166 14956 357678 273736 74143 9799 54690 54690 44807 44807 150919 150919 564268 366259 137762 60247 937892 462947 446106 28839 338150 32182 305968 15814 14204 1488 122 19114 7546 8686 2882 308 308 382425 305940 76485 193260 3900 189360 PROMOTION & RECRUITMENT 254696 15169 228973 10554 FOOD SERVICE 186184 148947 37237 REPAIRS AND MAINTENANCE 129183 3675 125508 STUDENT ACTIVITIES 101263 101263 599900 10135 589765 20582150 16671833 3641226 269091 3487928 3312567 203607 1013288 51652 54647 12794549 5813367 7035810 6981182 23239806 23589597 722719 936710 90956 74361 34832478 35962352 183027 197233 528776 232470 711803 429703 X 22012345 23638606 3260778 2845791 8847552 9048252 34120675 35532649 34832478 35962352 X 2421748 -1009774 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26229021 1654191 355451 599682 27638981 20352513 3750464 2451133 325089 26229021 17509306 2127517 19636823 16890525 1228158 -609377 17509306 0.60140 0.32740 0.07120 0 0 65000 65000 9561240 2947536 6613704 3168309 2865831 302478 6981182 ACCRUED LIABILITES 232470 232470 23003898 20582150 2421748 -1054774 45000 -1009774 1411974 22407265 -1054774 450000 -604774 23012039 -8141 -8141 23003898 21040291 450000 8141 458141 20582150 0 20582150 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: OF THE END OF THE YEAR ENDOWMENT BALANCE, $9,048,252 IS PERMANENTLY RESTRICTED AND $2,187,711 IS TEMPORARILY RESTRICTED. THE USES ARE: -THE EARNINGS ON $7,444,186 WILL HELP FUND PROFESSORSHIPS -THE EARNINGS ON $1,754,169 WILL BE USED FOR SCHOLARSHIPS -THE EARNINGS ON $2,037,608 WILL GO TOWARDS ACADEMICS AND OPERATIONS QUASI ENDOWMENTS BALANCE OF $16,622,063 AND TEMPORARILY RESTRICTED BALANCE OF $(219,045) HAVE THE FOLLOWING USES: -$16,403,018 IS FOR UNSPECIFIED PURPOSES, BUT IS TO BE USED FOR CURRENT OPERATIONS, PLANT AND EQUIPMENT, AND ACADEMICS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ON JANUARY 1, 2009, THE COLLEGE ADOPTED THE PROVISIONS OF THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES TOPIC OF THE FASB ASC, WHICH CLARIFIES THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN THE COLLEGE'S INCOME TAX RETURNS. AS A RESULT OF THIS ADOPTION, THE COLLEGE BELIEVES THERE WAS NO IMPACT TO THE FINANCIAL STATEMENTS AND DID NOT RECORD ANY ADJUSTMENT TO THE BEGINNING BALANCE OF NET ASSETS. ALL TAX RETURNS HAVE BEEN APPROPRIATELY FILED BY THE COLLEGE. THE COLLEGE RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. THE COLLEGE FILES INCOME TAX RETURNS WITH FEDERAL AND STATE JURISDICTIONS. THE COLLEGE'S OPEN AUDIT PERIODS ARE 2008 - 2011. MANAGEMENT EVALUATED THE COLLEGE'S TAX POSITIONS AND CONCLUDED THAT THE COLLEGE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XII, LINE 4B - OTHER ADJUSTMENTS: THANKSGIVING PRAYER BREAKFAST (FUNDRAISER) EXPENSES -8,141. PART XIII, LINE 2D - OTHER ADJUSTMENTS: THANKSGIVING PRAYER BREAKFAST (FUNDRAISER) EXPENSES 8,141. PART XII, LINE 2B - DONATED SERVICES AND USE OF FACILITIES: THE CONGREGATION OF THE MARIANITES OF HOLY CROSS (MARIANITES) OWNS THE LAND AND BUILDINGS USED FOR COLLEGE OPERATIONS. THE COLLEGE PAID $0 IN RENTS TO THE MARIANITES DURING THE 2012 FISCAL YEAR. PART V - ENDOWMENT FUNDS: THE STATE OF LOUISIANA ENACTED THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) EFFECTIVE AUGUST 15, 2010, THE PROVISIONS OF WHICH APPLY TO ENDOWMENT FUNDS EXISTING ON OR ESTABLISHED AFTER THAT DATE. THIS SECTION IS BEING REPORTED BY THE CLASSIFICATION OF ENDOWMENTS SET FORTH BY UPMIFA. LINES 1A-G, COLUMNS A & B HAVE BEEN ADJUSTED TO REFLECT UPMIFA REPORTING. LINES 1A-G, COLUMNS C & D REFLECT REPORTING PRIOR TO UPMIFA. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 OUR LADY OF HOLY CROSS COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ALL EMPLOYMENT ADVERTISEMENTS. THE POLICY IS ALSO LISTED ON THE ORGANIZATION'S WEBSITE, STUDENT HANDBOOK, AND STUDENT APPLICATIONS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 GOVERNMENT FINANCIAL ASSISTANCE INCLUDES GOVERNMENT LOAN PROGRAMS AND ADVANCES FROM THE FEDERAL GOVERNMENT, WHICH ARE PROVIDED FOR STUDENTS IN NEED OF FINANCIAL AID. 1 SCHOLARSHIPS TO STUDENTS OF THE COLLEGE 1040 10840004 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: PRIVATE GRANTS - THE COLLEGE FOLLOWS THE TERMS OF THE PROVIDER IN THE POSTING AND RELEASING OF GRANT FUNDS. FEDERAL GRANTS - THE COLLEGE FOLLOWS THE DEPARTMENT OF EDUCATION REGULATIONS TO ENSURE THAT GRANTS ARE UTILIZED APPROPRIATELY. THE NSLDS SYSTEM HELPS THE COLLEGE IDENTIFY ANY STUDENT THAT HAS BEEN POTENTIALLY AWARDED MORE THAN THEY ARE ELIGIBLE FOR. QUALIFICATIONS TO RECEIVE PAYMENTS: GOVERNMENT GRANTS ARE AWARDED IN ACCORDANCE WITH APPROPRIATE FEDERAL REGULATIONS. SCHOLARSHIPS ARE BASED ON ACT TEST SCORES, ACADEMIC STANDING, AS SHOWN BY HIGH SCHOOL TRANSCRIPTS, AS WELL AS COMMUNITY INVOLVEMENT. GRANTS ARE AWARDED IN RECOGNITION OF THE QUALITY PAST ACADEMIC ACHIEVEMENT AT OUR LADY OF HOLY CROSS COLLEGE, FINANCIAL NEED AS DETERMINED BY THE SUBMISSION OF THE FREE APPLICATION FOR FEDERAL STUDENT AID, AND COMMUNITY INVOLVEMENT. 1 X X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 DURING THE 2012 FISCAL YEAR, THE ORGANIZATION MADE CHANGES TO THEIR ARTICLES OF INCORPORATION AND AMENDED THEIR BYLAWS TO INCLUDE THE NEW PRESIDENT, DR. MYLES SEGHERS. THEY ALSO AMENDED THEIR BYLAWS TO MAKE CHANGES TO THE BOARD OF REGENTS POWERS AND REASONS FOR REMOVAL. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING THE FORM 990, THE TAX RETURN IS REVIEWED BY THE V.P. FOR FINANCIAL MANAGEMENT AND THE PRESIDENT OF THE COLLEGE. IT IS THEN FORWARDED TO THE CHAIR OF THE FINANCE COMMITTEE FOR REVIEW. COLLEGE ADMINISTRATION RESPONDS TO THE BOARD'S CONCERNS AND REVISES THE FORM AS NECESSARY. ONCE REVIEWED AND SUBMITTED TO THE IRS A COPY OF THE FILED FORM 990 IS FORWARDED TO THE CHAIR OF THE FINANCE COMMITTEE FOR RECORD-KEEPING. FORM 990, PART VI, SECTION B, LINE 12C DURING THE FIRST BOARD OF REGENTS MEETING OF EACH YEAR, THE COLLEGE'S CONFLICT OF INTEREST POLICY IS REVIEWED WITH ITS MEMBERS AND THEY ARE ASKED TO SIGN A DOCUMENT DISCLOSING ANY CONFLICT OF INTEREST WITH COLLEGE BUSINESS MATTERS. IF A CONFLICT SHOULD ARISE, THE BOARD MEMBER WILL RECUSE HIMSELF OR HERSELF FROM VOTES RELATIVE TO THE AFFECTED SUBJECT MATTER. ANY DISCUSSION OF POTENTIAL CONFLICTS AND RECUSALS ARE SUBSTANTIATED IN THE MINUTES OF THE BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT OF THE COLLEGE WAS CHOSEN THROUGH A DOCUMENTED SELECTION PROCESS WHICH WAS CARRIED OUT BY A SEARCH COMMITTEE COMPOSED OF A CROSS SECTION OF COLLEGE ADMINISTRATION, STAFF, FACULTY, AND THE GOVERNING BOARD. THE SALARY FOR THE POSITION WAS BASED UPON SALARIES PAID TO PRESIDENTS SERVING IN INSTITUTIONS COMPARABLE IN SIZE AND STRUCTURE. THE PRESIDENT'S COMPENSATION WAS APPROVED BY THE BOARD OF REGENTS AND DOCUMENTED IN A FULLY EXECUTED CONTRACT. THE PRESIDENT IS EVALUATED ON AN ANNUAL BASIS BY INDEPENDENT MEMBERS OF THE COLLEGE'S BOARD OF REGENTS. DOCUMENTATION OF THE SELECTION OF THE PRESIDENT AND THE CONTRACTED AMOUNT OF COMPENSATION IS RETAINED IN THE RECORDS OF THE SELECTION COMMITTEE AND IN BOARD MINUTES. FOR ALL OTHER EMPLOYEES, SALARIES ARE DETERMINED AT THE INITIAL POINT OF HIRING FOR THE POSITION PRIMARILY BASED UPON THE POSITION'S BUDGETED COMPENSATION. ADDITIONAL FACTORS ARE CONSIDERED, SUCH AS THE CREDENTIALS AND LEVEL OF EXPERIENCE THAT THE NEWLY HIRED EMPLOYEE BRINGS TO THE ORGANIZATION AND ANALYSIS OF SALARIES FOR THE SAME OR SIMILAR POSITIONS AT COMPARABLE INSTITUTIONS. ON AN ANNUAL BASIS, THE ESTABLISHED SALARY MAY BE ADJUSTED FOR THE INCREASE IN COST OF LIVING. DOCUMENTATION OF SALARY ANALYSIS IS RETAINED IN THE RECORDS OF THE SELECTION COMMITTEE AND WITHIN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL DATA ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,054,774. PRIOR PERIOD ADJUSTMENTS: 45,000. TOTAL TO FORM 990, PART XI, LINE 5: -1,009,774. FORM 990, PART XI, LINE 2C: THE ORGANIZATION'S COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, SCHEDULE R, PART V: THE LAND AND BUILDING USED FOR COLLEGE OPERATIONS ARE OWNED BY THE SISTERS MARIANITES OF HOLY CROSS (MARIANITES). UNDER THE TERMS OF THE LEASE DATED 1/1/1999, THE ANNUAL RENT FOR 2011-2012 WAS $450,000, OF THIS AMOUNT THE COLLEGE PAID $0 WITH THE BALANCE CONTRIBUTED TO THE COLLEGE BY THE MARIANITES. CONGREGATION OF SISTERS MARIANITES OF HOLY CROSS 1011 GALLIER STREET NEW ORLEANS LA 70117 721135603 RELIGIOUS ORGANIZATION LA 501(C)(3) 170(B)(1)(A)(1) 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 CONGREGATION OF SISTERS MARIANITES OF HOLY CROSS C 450000 CONGREGATION OF SISTERS MARIANITES OF HOLY CROSS J 450000