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← PONTIFICAL UNIVERSITY OF THE HOLY CROSS FOUNDATION

Form 990 for tax year 2023

Filed by PONTIFICAL UNIVERSITY OF THE HOLY CROSS FOUNDATION.

Totals

Total revenue
$229,999
Total expenses
$946,689
Contributions and grants received
$748,584
Grants paid
$414,832
Program service revenue
$0
Investment income
-$518,585
Other revenue
$0
Total assets, end of year
$2,625,277
Total liabilities, end of year
$34,444
Net assets or fund balances, end of year
$2,590,833
Program services expenses (Part IX)
$414,832
Management and general expenses
$38,707
Fundraising expenses
$493,150
Program service expenses (Part III)
$414,832

Program services were 43.8% 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.

  • 1f · All other contributions, gifts and grants

    $748,584

  • 1g · Noncash contributions included above

    $25,090

  • 3 · Investment income

    total $53,834 · excluded $53,834

  • 7a · Gross sales of assets other than inventory

    securities $1,236,990

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

    securities $1,809,409

  • 7c · Gain or loss

    securities -$572,419

  • 7d · Net gain or loss

    total -$572,419 · excluded -$572,419

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $414,832 · program services $414,832

  • 5 · Compensation of officers, directors and key employees

    total $110,000 · fundraising $110,000

  • 7 · Other salaries and wages

    total $211,424 · management and general $9,999 · fundraising $201,425

  • 9 · Other employee benefits

    total $17,047 · management and general $594 · fundraising $16,453

  • 10 · Payroll taxes

    total $22,854 · management and general $765 · fundraising $22,089

  • 11b · Fees: legal

    total $4,000 · management and general $4,000

  • 11c · Fees: accounting

    total $17,500 · management and general $17,500

  • 11g · Fees: other

    total $24,786 · fundraising $24,786

  • 13 · Office expenses

    total $6,567 · fundraising $6,567

  • 14 · Information technology

    total $19,413 · fundraising $19,413

  • 16 · Occupancy

    total $29,986 · management and general $3,983 · fundraising $26,003

  • 17 · Travel

    total $29,090 · fundraising $29,090

  • 19 · Conferences, conventions and meetings

    total $9,860 · fundraising $9,860

  • 22 · Depreciation, depletion and amortization

    total $4,175 · management and general $1,866 · fundraising $2,309

  • 24a · Other expenses: PRINTING AND MAILING

    total $22,311 · fundraising $22,311

  • 24b · Other expenses: TELECOMMUNICATIONS

    total $2,844 · fundraising $2,844

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1 · end of year $365,966

  • 2 · Savings and temporary cash investments

    beginning of year $963,578 · end of year $577,990

  • 11 · Investments: publicly traded securities

    beginning of year $1,687,686 · end of year $1,655,327

  • 15 · Other assets

    beginning of year $42,462 · end of year $25,994

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,051 · end of year $19,842

  • 25 · Other liabilities

    beginning of year $27,073 · end of year $14,602

  • 27 · Net assets without donor restrictions

    beginning of year $1,456,922 · end of year $1,483,598

  • 28 · Net assets with donor restrictions

    beginning of year $1,192,681 · end of year $1,107,235

Mission and programs · 2023

Mission

TO SUPPORT INSTITUTIONS THAT PROVIDE ECCLESIASTICAL TRAINING AND THEOLOGICAL STUDIES.

  • MADE GRANTS TO FUND SCHOLARSHIP PROGRAMS AT INSTITUTIONS THAT PROVIDE GRADUATE STUDIES IN ECCLESIASTICAL DISCIPLINES.

    Expenses $414,832 · Grants $414,832

As filed on the 2023 return.

Listed in Part VII

  • FEDERICO RIERA-MARSA

    VICE PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN SITES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DARYL J GLICK

    VICE PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH ROTHBAUER

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • ROBERT M SYLVAIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL PICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM P ORCHARD

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • ANDREW P O'MEARA

    SECRETARY

    Total calculated
    $0
    Hours/week
    8

  • COLIN K HOWELL

    PRESIDENT & C.E.O.

    Total calculated
    $110,000
    From this org
    $110,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202441359349313734

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