Form 990 for tax year 2022

Filed by HOLY CROSS COLLEGE INC.

Totals

Total revenue: $25,182,385
Total expenses: $24,538,561
Contributions and grants received: $3,051,415
Grants paid: $8,740,996
Program service revenue: $21,146,642
Investment income: $979,815
Other revenue: $4,513
Total assets, end of year: $51,448,941
Total liabilities, end of year: $25,850,565
Net assets or fund balances, end of year: $25,598,376
Program services expenses (Part IX): $21,699,693
Management and general expenses: $2,209,611
Fundraising expenses: $629,257
Program service expenses (Part III): $21,699,693

Program services were 88.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$1,626,957
1f · All other contributions, gifts and grants

$1,424,458
1g · Noncash contributions included above

$257,545
2a · Program service revenue: Tuition & Fees

total $15,824,672 · related or exempt $15,824,672 · unrelated business $0 · excluded $0
2b · Program service revenue: Student Housing

total $4,024,391 · related or exempt $4,024,391 · unrelated business $0 · excluded $0
2c · Program service revenue: Athletics

total $161,310 · related or exempt $161,310 · unrelated business $0 · excluded $0
2d · Program service revenue: Administrative Income

total $59,668 · related or exempt $59,668 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $1,076,601 · related or exempt $1,076,601 · unrelated business $0 · excluded $0
3 · Investment income

total $979,815 · related or exempt $979,815 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: contributions included on line 1c

$0
11d · All other revenue

total $4,513 · related or exempt $4,513 · unrelated business $0 · excluded $0
11e · Other revenue, total

$4,513

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $8,740,996 · program services $8,740,996
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $724,080 · program services $381,080 · management and general $255,500 · fundraising $87,500
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $5,153,933 · program services $4,334,687 · management and general $672,281 · fundraising $146,965
8 · Pension plan contributions

total $161,013 · program services $135,876 · management and general $20,429 · fundraising $4,708
9 · Other employee benefits

total $1,080,141 · program services $797,289 · management and general $249,946 · fundraising $32,906
10 · Payroll taxes

total $407,375 · program services $327,953 · management and general $63,946 · fundraising $15,476
11a · Fees: management

total $50,030 · program services $0 · management and general $50,030 · fundraising $0
11b · Fees: legal

total $10,832 · program services $0 · management and general $10,832 · fundraising $0
11c · Fees: accounting

total $53,200 · program services $0 · management and general $53,200 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $136,633 · fundraising $136,633
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $3,501,115 · program services $3,206,048 · management and general $295,067
12 · Advertising and promotion

total $275,063 · program services $134,643 · management and general $93,634 · fundraising $46,786
13 · Office expenses

total $224,663 · program services $143,223 · management and general $59,624 · fundraising $21,816
14 · Information technology

total $293,424 · program services $282,300 · management and general $53 · fundraising $11,071
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $1,080,094 · program services $937,457 · management and general $142,637 · fundraising $0
17 · Travel

total $217,169 · program services $213,384 · management and general $0 · fundraising $3,785
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $162,609 · program services $112,378 · management and general $39,625 · fundraising $10,606
20 · Interest

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $777,116 · program services $687,211 · management and general $69,977 · fundraising $19,928
23 · Insurance

total $70,118 · program services $62,007 · management and general $6,313 · fundraising $1,798
24a · Other expenses: Memberships

total $100,435 · program services $40,982 · management and general $59,453 · fundraising $0
24b · Other expenses: Recruitment & Guest Meals

total $25,737 · program services $25,275 · management and general $0 · fundraising $462
24c · Other expenses: Other Program Operating

total $1,292,785 · program services $1,136,904 · management and general $67,064 · fundraising $88,817

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,534 · end of year $500
2 · Savings and temporary cash investments

beginning of year $4,100,234 · end of year $3,602,608
3 · Pledges and grants receivable

beginning of year $766,417 · end of year $789,409
4 · Accounts receivable

beginning of year $507,402 · end of year $65,597
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $132,357 · end of year $160,593
10a · Land, buildings and equipment: cost or other basis

$5,809,699
10b · Land, buildings and equipment: accumulated depreciation

$2,786,121
10c · Land, buildings and equipment, net

beginning of year $2,632,783 · end of year $3,023,578
12 · Investments: other securities

beginning of year $16,919,739 · end of year $15,478,523
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $28,033,333 · end of year $28,328,133
17 · Accounts payable and accrued expenses

beginning of year $286,530 · end of year $242,093
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $1,459,238 · end of year $1,979,573
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $23,257,451 · end of year $23,628,899
27 · Net assets without donor restrictions

beginning of year $20,443,315 · end of year $19,225,765
28 · Net assets with donor restrictions

beginning of year $7,647,265 · end of year $6,372,611

Mission and programs · 2022

Mission

Holy Cross College is a Catholic, residential liberal arts college located in Notre Dame, Indiana and is part of a tri campus community that includes the University of Notre Dame and Saint Mary's College. The College was founded in 1966 by the Brothers of Holy Cross and offers both associate and bachelors degrees, including an intensive three year bachelors program. The College's core curriculum fosters community while cultivating the minds and hearts of our students to form scholars, leaders, citizens, and disciples. At Holy Cross, students are shaped by a vision of the common good that is firmly grounded in the Catholic intellectual tradition. Through study, dialogue, and experience, Holy Cross College forms global citizens with the competence to see and the courage to act.

Activities or mission (Part I)

A Catholic liberal arts college offering two year associates and three and four year bachelor degrees.

Higher Education: Holy Cross College is a Catholic, residential liberal arts college located in Notre Dame, Indiana and is part of a tri campus community that includes the University of Notre Dame and Saint Mary's College. The College was founded in 1966 by the Brothers of Holy Cross and offers both associate and bachelors degrees, including an intensive three year bachelors program. The College's core curriculum fosters community while cultivating the minds and hearts of our students to form scholars, leaders, citizens, and disciples. At Holy Cross, students are shaped by a vision of the common good that is firmly grounded in the Catholic intellectual tradition. Through study, dialogue, and experience, Holy Cross College forms global citizens with the competence to see and the courage to act.

Expenses $16,976,701 · Grants $8,478,850 · Revenue $17,122,250
Student Housing & Life: Holy Cross College offers a residential program to enhance the cultivation of our students' minds and hearts through social, spiritual and moral formation and growth of our students within the context of communal living centered around our Catholic faith. There is a two-year campus residence policy for all students.

Expenses $4,722,992 · Grants $262,146 · Revenue $4,024,391
No program service accomplishment three.

As filed on the 2022 return.

Listed in Part VII

Marco Clark

President

Total calculated

$161,747

From this org

$145,305

From related orgs

$0

Other

$16,442

Hours/week

40

Schedule J breakdown matched by us

Base

$147,357

Bonus

$258

Other

$0

Deferred

$4,600

Nontaxable benefits

$9,532

Filer's total

$161,747
Monica Markovich

CFO Vice President for Finance

Total calculated

$161,639

From this org

$132,482

From related orgs

$0

Other

$29,157

Hours/week

40

Schedule J breakdown matched by us

Base

$136,983

Bonus

$0

Other

$120

Deferred

$5,473

Nontaxable benefits

$19,063

Filer's total

$161,639
Michael Griffin

Provost

Total calculated

$157,302

From this org

$128,318

From related orgs

$0

Other

$28,984

Hours/week

40

Schedule J breakdown matched by us

Base

$132,663

Bonus

$276

Other

$0

Deferred

$5,300

Nontaxable benefits

$19,063

Filer's total

$157,302
Justin Watson

Professor

Total calculated

$118,633

From this org

$91,186

From related orgs

$0

Other

$27,447

Hours/week

40
Andrew Polaniecki

Dean Vice President Student Life

Total calculated

$114,187

From this org

$86,946

From related orgs

$0

Other

$27,241

Hours/week

40
JudeAnne Hastings

Assoc VP Communications and Develpoment

Total calculated

$106,066

From this org

$79,157

From related orgs

$0

Other

$26,909

Hours/week

40
Fr David Tyson CSC

President

Total calculated

$96,343

From this org

$84,996

From related orgs

$0

Other

$11,347

Hours/week

40

Schedule J breakdown matched by us

Base

$0

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$10,299

Filer's total

$10,299
David Bender Jr

Board Member

Total calculated

$0

Hours/week

1
Amy Cavender

Board Member

Total calculated

$0

Hours/week

1
Daniel Fitzpatrick

Board Member

Total calculated

$0

Hours/week

1
Dr Gregory Hoffman

Board Member

Total calculated

$0

Hours/week

1
Lucille McKenna

Board Member

Total calculated

$0

Hours/week

1
Barbara OConnor

Board Member

Total calculated

$0

Hours/week

1
Thomas A Ayers

Board Member

Total calculated

$0

Hours/week

1
Br Donald Stabrowski CSC

Board Member

Total calculated

$0

Hours/week

1
Br KenHaders CSC

Board Member

Total calculated

$0

Hours/week

1
John Gschwind

Chairman

Total calculated

$0

Hours/week

1
Br Robert Lavelle CSC

Board Member

Total calculated

$0

Hours/week

1
Calvin Colbert

Board Member

Total calculated

$0

Hours/week

1
Br William Dygert CSC

Board Member

Total calculated

$0

Hours/week

1
Tim Shea

Board Member

Total calculated

$0

Hours/week

1
Br Chester Freel CSC

Board Member

Total calculated

$0

Hours/week

1
Thomas Lange

Board Member

Total calculated

$0

Hours/week

1
Thomas Lyons III

Board Member

Total calculated

$0

Hours/week

1
Corey Edmonds

Board Member

Total calculated

$0

Hours/week

1
Kevin Murphy

Board Member

Total calculated

$0

Hours/week

1
Jared Sawyer

Board Member

Total calculated

$0

Hours/week

1
Lavarre Barnett

Board Member

Total calculated

$0

Hours/week

1
Rev Gregory Haake CSC

Board Member

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · First-class or charter travel
1a · Travel for companions
1a · Tax indemnification and gross-up payments
1a · Discretionary spending account
1a · Housing allowance or residence for personal use
1a · Payments for business use of a personal residence
1a · Personal services (maid, chauffeur, chef)
2 · Substantiation required before reimbursing expenses
3 · Written employment contract
3 · Approval by the board or compensation committee

Answered no

1b · Written policy on the line-1a expenses
4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a: Compensation to Congregation of Holy Cross, United States, Inc - Reportable compensation listed on Form 990, Part VII, Column E, as well as the amounts listed on Schedule J, Part II, Column D, for Fr David Tyson CSC. Nontaxable benefits of $5,913, include Housing allowance or residence for personal use, (furnishing and maintenance of residence), and personal cleaning services. All nontaxable benefits listed are for Fr. David Tyson's duties as President of the College. Per employment contract the President of the College is paid a taxable housing and auto allowance.
Schedule J, Part I, Line 1b: The College has no written policy regarding payment or reimbursement for provision of all the expenses described on Line 1a. Nonetheless, the College made direct payment for all of the expenses noted on Line 1a. Substantiation of business related purpose has been retained.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Brothers of Holy Cross Inc

501(c)(3) · Roman Catholic religious congregation · IN

Provenance

Return type: form_990
Tax year: 2022
Filed: 14 May 2024
IRS schema version: 2022v5.0
Source object: 202421359349301637

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.