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Nonprofiteer
← UNIVERSITY OF HOLY CROSS

Form 990 for tax year 2022

Filed by UNIVERSITY OF HOLY CROSS.

Totals

Total revenue
$23,307,852
Total expenses
$26,672,047
Contributions and grants received
$916,134
Grants paid
$9,986,064
Program service revenue
$21,134,097
Investment income
$255,414
Other revenue
$1,002,207
Total assets, end of year
$54,151,798
Total liabilities, end of year
$14,918,101
Net assets or fund balances, end of year
$39,233,697
Program services expenses (Part IX)
$21,341,907
Management and general expenses
$4,892,253
Fundraising expenses
$437,887
Program service expenses (Part III)
$21,341,907

Program services were 80.0% 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.

  • 1c · Fundraising events

    $147,801

  • 1e · Government grants (contributions)

    $278,673

  • 1f · All other contributions, gifts and grants

    $489,660

  • 2a · Program service revenue: TUITION AND FEES

    total $12,109,705 · related or exempt $12,109,705

  • 2b · Program service revenue: SCHOLARSHIPS - GOVERNMENT FUNDED

    total $9,024,392 · related or exempt $9,024,392

  • 3 · Investment income

    total $273,120 · excluded $273,120

  • 7a · Gross sales of assets other than inventory

    securities $17,335,716

  • 7b · Less cost or other basis and sales expenses

    securities $17,353,422

  • 7c · Gain or loss

    securities -$17,706

  • 7d · Net gain or loss

    total -$17,706 · excluded -$17,706

  • 8a · Fundraising events: gross income

    $31,025

  • 8a · Fundraising events: contributions included on line 1c

    $147,801

  • 8b · Fundraising events: direct expenses

    $79,847

  • 8c · Net income from fundraising events

    total -$48,822 · excluded -$48,822

  • 11a · Other revenue: ACADEMIC TRIP REVENUE

    total $551,143 · related or exempt $551,143

  • 11b · Other revenue: FOOD SERVICES

    total $286,698 · related or exempt $286,698

  • 11c · Other revenue: INSURANCE CLAIM

    total $146,591 · related or exempt $146,591

  • 11d · All other revenue

    total $66,597 · related or exempt $66,597

  • 11e · Other revenue, total

    $1,051,029

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $9,986,064 · program services $9,986,064

  • 5 · Compensation of officers, directors and key employees

    total $383,352 · program services $126,786 · management and general $256,566

  • 7 · Other salaries and wages

    total $8,006,059 · program services $6,657,693 · management and general $1,108,731 · fundraising $239,635

  • 8 · Pension plan contributions

    total $313,213 · program services $261,763 · management and general $47,138 · fundraising $4,312

  • 9 · Other employee benefits

    total $744,013 · program services $599,493 · management and general $117,477 · fundraising $27,043

  • 10 · Payroll taxes

    total $604,941 · program services $487,524 · management and general $103,435 · fundraising $13,982

  • 11b · Fees: legal

    total $74,449 · management and general $74,449

  • 11c · Fees: accounting

    total $64,500 · management and general $64,500

  • 11f · Fees: investment management

    total $115,922 · management and general $115,922

  • 11g · Fees: other

    total $812,488 · program services $644,030 · management and general $106,897 · fundraising $61,561

  • 12 · Advertising and promotion

    total $505,331 · program services $279,758 · management and general $222,804 · fundraising $2,769

  • 13 · Office expenses

    total $113,776 · program services $6,960 · management and general $91,819 · fundraising $14,997

  • 14 · Information technology

    total $378,773 · program services $24,608 · management and general $354,165

  • 16 · Occupancy

    total $1,154,377 · program services $207,390 · management and general $942,360 · fundraising $4,627

  • 17 · Travel

    total $14,722 · program services $10,811 · management and general $3,624 · fundraising $287

  • 19 · Conferences, conventions and meetings

    total $567,933 · program services $566,118 · management and general $1,815

  • 20 · Interest

    total $565,956 · program services $56,596 · management and general $509,360

  • 22 · Depreciation, depletion and amortization

    total $1,094,555 · program services $470,659 · management and general $612,951 · fundraising $10,945

  • 23 · Insurance

    total $28,569 · program services $5,255 · management and general $23,314

  • 24a · Other expenses: INSTRUCTIONAL SUPPLIES

    total $488,378 · program services $403,689 · management and general $84,689 · fundraising $0

  • 24b · Other expenses: FOOD SERVICE

    total $435,782 · program services $435,782 · management and general $0 · fundraising $0

  • 24c · Other expenses: SPECIAL ACTIVITIES

    total $55,970 · fundraising $55,970

  • 24d · Other expenses: FOOD SCIENCE

    total $52,550 · program services $47,035 · management and general $5,515 · fundraising $0

  • 24e · All other expenses

    total $110,374 · program services $63,893 · management and general $44,722 · fundraising $1,759

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $4,369,995 · end of year $3,709,694

  • 3 · Pledges and grants receivable

    beginning of year $4,482 · end of year $103,952

  • 4 · Accounts receivable

    beginning of year $457,457 · end of year $456,163

  • 9 · Prepaid expenses and deferred charges

    beginning of year $77,385 · end of year $254,509

  • 10a · Land, buildings and equipment: cost or other basis

    $40,185,972

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,662,581

  • 10c · Land, buildings and equipment, net

    beginning of year $28,569,656 · end of year $27,523,391

  • 11 · Investments: publicly traded securities

    beginning of year $22,104,624 · end of year $21,646,245

  • 12 · Investments: other securities

    beginning of year $868,220 · end of year $456,610

  • 15 · Other assets

    beginning of year $3,689 · end of year $1,234

  • 17 · Accounts payable and accrued expenses

    beginning of year $661,406 · end of year $704,222

  • 19 · Deferred revenue

    beginning of year $10,094 · end of year $7,094

  • 23 · Secured mortgages and notes payable

    beginning of year $13,844,739 · end of year $13,377,325

  • 25 · Other liabilities

    beginning of year $988,958 · end of year $829,460

  • 27 · Net assets without donor restrictions

    beginning of year $28,596,177 · end of year $28,167,029

  • 28 · Net assets with donor restrictions

    beginning of year $12,354,134 · end of year $11,066,668

Mission and programs · 2022

Mission

THE UNIVERSITY OF HOLY CROSS, A CATHOLIC INSTITUTION OF HIGHER LEARNING, IS AN INCLUSIVE STUDENT-CENTERED LEARNING COMMUNITY FOCUSED ON ACADEMIC EXCELLENCE AND INNOVATIVE TEACHING. ROOTED IN THE TRADITIONS OF THE MARIANITES OF HOLY CROSS, THE UNIVERSITY IS COMMITTED TO EDUCATING THE MINDS AND HEARTS OF ITS STUDENTS THROUGH FREEDOM OF INQUIRY, THE PURSUIT OF TRUTH, AND COMPASSIONATE CARE FOR ALL.

Activities or mission (Part I)

TO EDUCATE AND PROVIDE PUBLIC SERVICE TO ITS UNIVERSITY COMMUNITY.

  • SCHOLARSHIPS, GRANTS, & LOANS - FOR ACADEMIC YEAR 2022-2023, 107 STUDENTS RECEIVED SCHOLARSHIPS FROM UHC AND 70 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 177 SCHOLARSHIPS IN THE AMOUNT OF $563,856 HAVE BEEN AWARDED ($395,984 FROM UHC SCHOLARSHIPS AND $167,872 FROM PRIVATE SOURCE SCHOLARSHIPS).FOR FISCAL YEAR 2022-2023, 643 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 UNIVERSITY PARTICIPATES IN THE TITLE IV FEDERAL CAMPUS BASED PROGRAMS AS WELL AS THE FEDERAL PELL GRANT PROGRAM AND DISADVANTAGED NURSING SCHOLARSHIPS.- 251 STUDENTS WERE ASSISTED AND ABLE TO RECEIVE $1,208,263 IN PELL GRANTS.- 576 STUDENTS RECEIVED $6,981,548 IN FEDERAL SUBSIDIZED AND UNSUBSIDIZED STAFFORD LOANS.- 46 STUDENTS RECEIVED $79,043 IN FEDERAL S.E.O.G.- 20 STUDENTS RECEIVED $64,048 IN FEDERAL WORK-STUDY GRANTS.- 103 STUDENTS RECEIVED $572,808 FROM THE LOUISIANA T.O.P.S. PROGRAM.- 76 STUDENTS RECEIVED $126,491 FROM LOUISIANA G.O. GRANTS.- AN ADDITIONAL $390,007 IN STUDENT AID WAS FROM VARIOUS OTHER AWARDS AND SCHOLARSHIPS, INCLUDING $118,682 OF FEDERAL EMERGENCY RELIEF FUNDING.UNIVERSITY OF HOLY CROSS WAS ABLE TO AWARD $9,986,064 IN STUDENT AID FROM INSTITUTIONAL, PRIVATE, STATE, AND FEDERAL SOURCES.

    Expenses $11,089,281 · Grants $9,986,064

  • INSTRUCTIONAL SERVICES - PER SEMESTER, APPROXIMATELY 1,434 STUDENTS WERE SERVICED IN APPROXIMATELY 422 SPECIFIC COURSES OF STUDY IN 38 DEGREE PROGRAMS. ADDITIONALLY, INSTRUCTIONAL SERVICES WERE DELIVERED TO THE CIVIC COMMUNITY THROUGH EXTENT OUTREACH PROGRAMS.

    Expenses $8,234,320 · Revenue $21,134,097

  • 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 UNIVERSITY, WHICH ARE AVAILABLE TO ALL STUDENTS.THE SECURITY OFFICE OVERSEES THE SECURITY OF THE CAMPUS AND PARKING LOTS.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 UNIVERSITY.STUDENT SERVICES ALSO INCLUDES AN ON CAMPUS HEALTH OFFICE (PROVIDING ROUTINE HEALTH SERVICES AND FIRST AID), STUDENT ORGANIZATIONS FUNDING AND SUPPORT, STUDENT SPORTS SUPPORT FOR EQUIPMENT, ADMISSIONS AND RECRUITING STAFF OF THE UNIVERSITY.

    Expenses $1,279,918 · Revenue $1,051,029

  • FACILITY, FINANCE, AND NON-INSTRUCTIONAL ACADEMIC SUPPORT

    Expenses $738,388

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bryan W Fitzpatrick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Christine August Guillory

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Calvin Mackie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Kristine H Strickland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Marco Clark

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Monroe Laborde

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Raenell Billiot Houston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Tina S Holland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Fr Charles Benoit Osb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Maria Pardo Huete

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Martha Castillo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Ms Erin V Caruso

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Gregory P Haake Csc PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Sr Ann Lacour Msc

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Sr Kateri Battaglia Msc

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Sr Rene Daigle Msc

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Teresa Lawrence

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jerry Bologna Cecd

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Todd Matherne

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Stanton McNeely

    PRESIDENT

    Total calculated
    $218,836
    From this org
    $206,236
    From related orgs
    $0
    Other
    $12,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,236
    Bonus
    $0
    Other
    $0
    Deferred
    $6,300
    Nontaxable benefits
    $6,300
    Filer's total
    $218,836

  • Dr Lisa Sullivan

    PROVOST/VP OF ACADEMIC AFFAIRS

    Total calculated
    $109,624
    From this org
    $95,192
    From related orgs
    $0
    Other
    $14,432
    Hours/week
    40

  • Christopher Bundick

    VP OF FINANCE (THRU 9/2022)

    Total calculated
    $90,649
    From this org
    $84,861
    From related orgs
    $0
    Other
    $5,788
    Hours/week
    40

  • Dr Patricia Prechter

    DEAN

    Total calculated
    $150,076
    From this org
    $123,116
    From related orgs
    $0
    Other
    $26,960
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,116
    Bonus
    $0
    Other
    $0
    Deferred
    $7,390
    Nontaxable benefits
    $19,570
    Filer's total
    $150,076

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

None.

Answered no

  • 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202421309349303807

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