Holy Cross College Inc
- Assets
- $53.1m
- Revenue
- $27.2m
- Investments
- $16.9m
- Employees
- 309
- Location
- Notre Dame, IN
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 35-1148835
Organization Overview
Holy Cross College Inc is located in Notre Dame, IN. The organization was established in 1946. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Holy Cross College Inc employed 309 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Holy Cross College Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Holy Cross College Inc generated $27.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $23.3m during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A CATHOLIC LIBERAL ARTS COLLEGE OFFERING TWO YEAR ASSOCIATES AND THREE AND FOUR YEAR BACHELOR DEGREES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
NO PROGRAM SERVICE ACCOMPLISHMENT THREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Markovich CFO Vice President For Finance | Officer | 40 | $130,652 |
Michael Griffin Sr Vice President | Officer | 40 | $104,779 |
Justin Watson Provost | Officer | 40 | $91,182 |
FR David Tyson Csc President | OfficerTrustee | 40 | $0 |
David Bender Jr Board Member | Trustee | 1 | $0 |
Dr Gregory Hoffman Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Edge Additional Student Housing | 6/29/22 | $270,397 |
University Catering Campus Food Service | 6/29/22 | $1,354,208 |
Rochester Glass Company Inc Dormitory Renovation | 6/29/22 | $303,285 |
Bradleycompany Llc Campus Bldg Maintenance | 6/29/22 | $1,088,024 |
Burns Rent-alls Equipment Rental | 6/29/22 | $199,046 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,470,865 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,611,420 |
| Noncash contributions included in lines 1a–1f | $26,679 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,082,285 |
| Total Program Service Revenue | $20,651,857 |
| Investment income | $1,437,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,179,393 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,098,091 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $424,082 |
| Compensation of current officers, directors, key employees. | $167,653 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,000,709 |
| Pension plan accruals and contributions | $132,681 |
| Other employee benefits | $1,006,915 |
| Payroll taxes | $362,839 |
| Fees for services: Management | $106,595 |
| Fees for services: Legal | $4,015 |
| Fees for services: Accounting | $46,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,324,185 |
| Advertising and promotion | $221,117 |
| Office expenses | $166,163 |
| Information technology | $292,772 |
| Royalties | $0 |
| Occupancy | $1,229,891 |
| Travel | $169,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $156,654 |
| Interest | $12,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $704,140 |
| Insurance | $84,166 |
| All other expenses | $0 |
| Total functional expenses | $23,280,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,534 |
| Savings and temporary cash investments | $4,100,234 |
| Pledges and grants receivable | $766,417 |
| Accounts receivable, net | $507,402 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $132,357 |
| Net Land, buildings, and equipment | $2,632,783 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,919,739 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,033,333 |
| Total assets | $53,093,799 |
| Accounts payable and accrued expenses | $286,530 |
| Grants payable | $0 |
| Deferred revenue | $1,459,238 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,257,451 |
| Total liabilities | $25,003,219 |
| Net assets without donor restrictions | $20,443,315 |
| Net assets with donor restrictions | $7,647,265 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $53,093,799 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Holy Cross College Inc has recieved totaling $780.
| Awarding Organization | Amount |
|---|---|
Schuch Family Foundation Brighton, MI PURPOSE: PROVIDE TUITION ASSISTANCE FOR NEEDY GIRL | $780 |
Endowment Analysis
| Beg. Balance | $14,081,955 |
| Earnings | $2,580,220 |
| Net Contributions | $358,771 |
| Grants | $101,208 |
| Ending Balance | $16,919,738 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ranken Technical College St Louis, MO | $130,223,439 | $47,100,026 |
Midway University Inc Midway, KY | $66,224,424 | $32,615,868 |
Lincoln University Lincoln, IL | $52,024,030 | $25,875,577 |
Holy Cross College Inc Notre Dame, IN | $53,093,799 | $27,179,393 |
Cottey College Nevada, MO | $140,381,856 | $25,014,106 |
St Augustine College Chicago, IL | $15,853,961 | $18,146,895 |
Ancilla Domini College Plymouth, IN | $0 | $14,414,276 |
Pierce Mortuary Colleges Inc Broadview, IL | $14,603,316 | $16,634,477 |
College Of The Menominee Nation Keshena, WI | $15,783,806 | $11,637,458 |
Lac Courte Oreilles Ojibwe College Hayward, WI | $16,000,980 | $10,229,989 |
The Metropolitan Community College Foundation Kansas City, MO | $16,663,239 | $3,405,477 |
Morrison Institute Of Technology Morrison, IL | $3,310,964 | $2,173,933 |