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Nonprofiteer
← HOLY CROSS COLLEGE INC

Form 990 for tax year 2023

Filed by HOLY CROSS COLLEGE INC.

Totals

Total revenue
$30,323,003
Total expenses
$29,666,578
Contributions and grants received
$4,172,099
Grants paid
$11,256,611
Program service revenue
$25,241,244
Investment income
$904,368
Other revenue
$5,292
Total assets, end of year
$51,683,156
Total liabilities, end of year
$25,483,790
Net assets or fund balances, end of year
$26,199,366
Program services expenses (Part IX)
$26,112,265
Management and general expenses
$2,514,046
Fundraising expenses
$1,040,267
Program service expenses (Part III)
$26,112,265

Program services were 88.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $1,640,126

  • 1f · All other contributions, gifts and grants

    $2,531,973

  • 1g · Noncash contributions included above

    $31,886

  • 2a · Program service revenue: Higher Education

    total $18,883,363 · related or exempt $18,883,363 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Student Housing

    total $4,927,722 · related or exempt $4,927,722 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Athletics Income

    total $157,452 · related or exempt $157,452 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Administrative Income

    total $65,731 · related or exempt $65,731 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $1,206,976 · related or exempt $1,206,976 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $904,368 · related or exempt $904,368 · 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 $5,292 · related or exempt $5,292 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $5,292

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 $11,256,611 · program services $11,256,611

  • 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 $1,075,994 · program services $510,169 · management and general $269,656 · fundraising $296,169

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $6,344,121 · program services $5,250,440 · management and general $810,251 · fundraising $283,430

  • 8 · Pension plan contributions

    total $188,666 · program services $154,357 · management and general $30,389 · fundraising $3,920

  • 9 · Other employee benefits

    total $1,217,939 · program services $895,609 · management and general $263,486 · fundraising $58,844

  • 10 · Payroll taxes

    total $509,004 · program services $400,334 · management and general $70,099 · fundraising $38,571

  • 11a · Fees: management

    total $63,900 · program services $0 · management and general $63,900 · fundraising $0

  • 11b · Fees: legal

    total $48,750 · program services $0 · management and general $48,750 · fundraising $0

  • 11c · Fees: accounting

    total $49,000 · program services $0 · management and general $49,000 · fundraising $0

  • 11d · Fees: lobbying

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

  • 11e · Fees: professional fundraising services

    total $146,867 · fundraising $146,867

  • 11f · Fees: investment management

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

  • 11g · Fees: other

    total $3,766,652 · program services $3,506,649 · management and general $260,003 · fundraising $0

  • 12 · Advertising and promotion

    total $263,948 · program services $118,067 · management and general $77,599 · fundraising $68,282

  • 13 · Office expenses

    total $248,321 · program services $167,891 · management and general $65,907 · fundraising $14,523

  • 14 · Information technology

    total $298,271 · program services $282,800 · management and general $230 · fundraising $15,241

  • 15 · Royalties

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

  • 16 · Occupancy

    total $1,300,645 · program services $1,118,297 · management and general $182,348 · fundraising $0

  • 17 · Travel

    total $254,700 · program services $246,480 · management and general $0 · fundraising $8,220

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

    total $189,761 · program services $132,095 · management and general $45,371 · fundraising $12,295

  • 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 $776,582 · program services $683,541 · management and general $65,810 · fundraising $27,231

  • 23 · Insurance

    total $91,142 · program services $60,457 · management and general $29,984 · fundraising $701

  • 24a · Other expenses: Memberships

    total $122,191 · program services $46,749 · management and general $75,442 · fundraising $0

  • 24b · Other expenses: Recruitment & Guest Meals

    total $22,322 · program services $16,361 · management and general $3,074 · fundraising $2,887

  • 24c · Other expenses: Other Program Operatin

    total $1,431,191 · program services $1,265,358 · management and general $102,747 · fundraising $63,086

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $500 · end of year $500

  • 2 · Savings and temporary cash investments

    beginning of year $3,602,608 · end of year $2,507,749

  • 3 · Pledges and grants receivable

    beginning of year $789,409 · end of year $785,991

  • 4 · Accounts receivable

    beginning of year $65,597 · end of year $305,834

  • 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 $160,593 · end of year $29,537

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

    $7,481,506

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

    $3,135,521

  • 10c · Land, buildings and equipment, net

    beginning of year $3,023,578 · end of year $4,345,985

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $15,478,523 · end of year $16,088,273

  • 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 $28,328,133 · end of year $27,619,287

  • 17 · Accounts payable and accrued expenses

    beginning of year $242,093 · end of year $395,832

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,979,573 · end of year $2,097,321

  • 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 $23,628,899 · end of year $22,990,637

  • 27 · Net assets without donor restrictions

    beginning of year $19,225,765 · end of year $19,525,750

  • 28 · Net assets with donor restrictions

    beginning of year $6,372,611 · end of year $6,673,616

Mission and programs · 2023

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 $20,531,428 · Grants $10,913,456 · Revenue $20,290,548

  • 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 $5,580,837 · Grants $343,155 · Revenue $4,927,722

  • No program service accomplishment three.

As filed on the 2023 return.

Listed in Part VII

  • Marco Clark

    President

    Total calculated
    $310,237
    From this org
    $273,637
    From related orgs
    $0
    Other
    $36,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,637
    Bonus
    $0
    Other
    $0
    Deferred
    $11,110
    Nontaxable benefits
    $25,491
    Filer's total
    $310,238
  • Michael Griffin

    Provost

    Total calculated
    $177,347
    From this org
    $145,848
    From related orgs
    $0
    Other
    $31,499
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,848
    Bonus
    $0
    Other
    $0
    Deferred
    $6,009
    Nontaxable benefits
    $25,491
    Filer's total
    $177,348
  • Monica Markovich

    Executive Vice President

    Total calculated
    $171,771
    From this org
    $140,480
    From related orgs
    $0
    Other
    $31,291
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,480
    Bonus
    $0
    Other
    $0
    Deferred
    $5,800
    Nontaxable benefits
    $25,491
    Filer's total
    $171,771
  • Andrew Polaniecki

    Dean Vice President Student Life

    Total calculated
    $127,682
    From this org
    $98,179
    From related orgs
    $0
    Other
    $29,503
    Hours/week
    40
  • JudeAnne Hastings

    Vice President College Relations

    Total calculated
    $126,128
    From this org
    $96,704
    From related orgs
    $0
    Other
    $29,424
    Hours/week
    40
  • Justin Watson

    Professor

    Total calculated
    $123,760
    From this org
    $94,373
    From related orgs
    $0
    Other
    $29,387
    Hours/week
    40
  • Ann Bingham

    Professor

    Total calculated
    $118,484
    From this org
    $90,233
    From related orgs
    $0
    Other
    $28,251
    Hours/week
    40
  • Daniel Fitzpatrick

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Dr Gregory Hoffman

    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
  • Iris Hammel

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Duane Wilson

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Robert Bridges

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Angela Moloney

    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 · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Compensation to Marco Clark, President - Reportable compensation listed on Form 990, Part VII, Column D, includes a grossed up Housing Allowance of $30,500 and a grossed up Auto Allowance of $9,000.

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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349306427

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