Holy Cross Catholic High School
- Assets
- $2.4m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 10
- Location
- Midland, TX
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 47-4189121
Organization Overview
Holy Cross Catholic High School is located in Midland, TX. The organization was established in 1946. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Holy Cross Catholic High School employed 10 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Holy Cross Catholic High School 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 06/2023, Holy Cross Catholic High School generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 59.3% each year . All expenses for the organization totaled $4.9m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE PBCHS IS TO BE A BEACON OF EXCELLENT CATHOLIC EDUCATION FOR THE YOUTH OF THE PERMIAN BASIN. WE CHALLENGE EACH STUDENT TO LIVE AS A CHRISTIAN WITNESS IN SERVICE TO OTHERS. WE FORM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE PBCHS IS TO BE A BEACON OF EXCELLENT CATHOLIC EDUCATION FOR THE YOUTH OF THE PERMIAN BASIN. WE CHALLENGE EACH STUDENT TO LIVE AS A CHRISTIAN WITNESS IN SERVICE TO OTHERS. WE FORM YOUNG MEN AND WOMEN TO SPIRITUALLY, ACADEMICALLY, SOCIALLY, AND PHYSICALLY, IN ACCORDANCE WITH THE TEACHING OF THE CATHOLIC CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Gibson President | Officer | 4 | $0 |
Roy Ramirez V-President | Officer | 4 | $0 |
Andrew Hohenberger Board Member | Trustee | 2 | $0 |
Jim Cox Treasurer | Officer | 4 | $0 |
Mike Cannon Board Member | Trustee | 2 | $0 |
John Landgraf Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $28,335 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,084,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,112,365 |
| Total Program Service Revenue | $565,161 |
| Investment income | $16,203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $308,666 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,002,395 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,168,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $190,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,655 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,536 |
| Office expenses | $88,587 |
| Information technology | $34,073 |
| Royalties | $0 |
| Occupancy | $70,670 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $299,229 |
| All other expenses | $2,829,076 |
| Total functional expenses | $4,919,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,493 |
| Savings and temporary cash investments | $880,686 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,325,911 |
| 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 | $43,400 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,399,490 |
| Accounts payable and accrued expenses | $385,431 |
| Grants payable | $0 |
| Deferred revenue | $745,001 |
| 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 | $0 |
| Total liabilities | $1,130,432 |
| Net assets without donor restrictions | $1,269,058 |
| Net assets with donor restrictions | $0 |
| 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 | $2,399,490 |