University Of Holy Cross
- Assets
- $64.9m
- Revenue
- $32.4m
- Investments
- $1.2m
- Employees
- 279
- Location
- New Orleans, LA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 72-0642832
Organization Overview
University Of Holy Cross is located in New Orleans, LA. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, University Of Holy Cross employed 279 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. University Of Holy Cross 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 06/2021, University Of Holy Cross generated $32.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $29.0m during the year ending 06/2021. While expenses have increased by 4.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND PROVIDE PUBLIC SERVICE TO ITS UNIVERSITY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS, GRANTS, & LOANS - FOR ACADEMIC YEAR 2021-2022, 58 STUDENTS RECEIVED SCHOLARSHIPS FROM UHC AND 45 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 103 SCHOLARSHIPS IN THE AMOUNT OF $424,524 HAVE BEEN AWARDED ($237,754 FROM UHC SCHOLARSHIPS AND $186,770 FROM PRIVATE SOURCE SCHOLARSHIPS).FOR FISCAL YEAR 2021-2022, 795 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.- 318 STUDENTS WERE ASSISTED AND ABLE TO RECEIVE $1,329,221 IN PELL GRANTS.- 728 STUDENTS RECEIVED $8,420,283 IN FEDERAL SUBSIDIZED AND UNSUBSIDIZED STAFFORD LOANS.- 86 STUDENTS RECEIVED $76,159 IN FEDERAL S.E.O.G.- 12 STUDENTS RECEIVED $24,722 IN FEDERAL WORK-STUDY GRANTS.- 127 STUDENTS RECEIVED $701,183 FROM THE LOUISIANA T.O.P.S. PROGRAM.- 41 STUDENTS RECEIVED $67,725 FROM LOUISIANA G.O. GRANTS.- AN ADDITIONAL $689,927 IN STUDENT AID WAS FROM VARIOUS OTHER AWARDS AND SCHOLARSHIPS, INCLUDING $470,396 OF FEDERAL EMERGENCY RELIEF FUNDING.UNIVERSITY OF HOLY CROSS WAS ABLE TO AWARD $11,733,744 IN STUDENT AID FROM INSTITUTIONAL, PRIVATE, STATE, AND FEDERAL SOURCES.
INSTRUCTIONAL SERVICES - PER SEMESTER, APPROXIMATELY 1,435 STUDENTS WERE SERVICED IN APPROXIMATELY 528 SPECIFIC COURSES OF STUDY IN 38 DEGREE PROGRAMS. ADDITIONALLY, INSTRUCTIONAL SERVICES WERE DELIVERED TO THE CIVIC COMMUNITY THROUGH EXTENT OUTREACH PROGRAMS.
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.
FACILITY, FINANCE, AND NON-INSTRUCTIONAL ACADEMIC SUPPORT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Stanton Mcneely President | Officer | 40 | $200,261 |
Dr Patricia Prechter Dean | 40 | $117,075 | |
Christopher Bundick VP Of Finance | Officer | 40 | $114,980 |
Dr Victoria Dahmes Provost/vp Of Academic Aff | Officer | 40 | $108,538 |
Troy Toups Treasurer | OfficerTrustee | 0.5 | $0 |
Dennise V Tabony Chair (thru 6/2021) | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bcicapital Management Group Investment Management | 6/29/21 | $209,352 |
Eab Global Inc Recruiting Service | 6/29/21 | $425,654 |
Rupp Marketing Advertising | 6/29/21 | $257,704 |
Sage Dining Services Inc Food Service | 6/29/21 | $392,755 |
Ochsner Clinic Foundation Medical Education | 6/29/21 | $254,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,607,261 |
| All other contributions, gifts, grants, and similar amounts not included above | $377,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,984,711 |
| Total Program Service Revenue | $24,573,448 |
| Investment income | $250,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,500,909 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,443,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $11,733,744 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $424,751 |
| Compensation of current officers, directors, key employees. | $312,807 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,311,083 |
| Pension plan accruals and contributions | $198,426 |
| Other employee benefits | $852,692 |
| Payroll taxes | $629,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,724 |
| Fees for services: Accounting | $43,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $156,914 |
| Fees for services: Other | $1,075,324 |
| Advertising and promotion | $517,585 |
| Office expenses | $188,576 |
| Information technology | $872,655 |
| Royalties | $0 |
| Occupancy | $1,043,142 |
| Travel | $9,078 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,507 |
| Interest | $618,028 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,093,608 |
| Insurance | $56,815 |
| All other expenses | $84,150 |
| Total functional expenses | $28,990,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355,791 |
| Savings and temporary cash investments | $3,845,342 |
| Pledges and grants receivable | $83,983 |
| Accounts receivable, net | $711,490 |
| 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 | $107,767 |
| Net Land, buildings, and equipment | $29,425,512 |
| Investments—publicly traded securities | $29,156,994 |
| Investments—other securities | $1,159,606 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,106 |
| Total assets | $64,850,591 |
| Accounts payable and accrued expenses | $617,312 |
| Grants payable | $0 |
| Deferred revenue | $57,190 |
| 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 | $14,318,998 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,140,401 |
| Total liabilities | $16,133,901 |
| Net assets without donor restrictions | $33,709,118 |
| Net assets with donor restrictions | $15,007,572 |
| 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 | $64,850,591 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that University Of Holy Cross has recieved totaling $190,348.
| Awarding Organization | Amount |
|---|---|
Eye Ear Nose & Throat Foundation Metairie, LA PURPOSE: GENERAL CHARITABLE PURPOSE | $79,070 |
Almar Foundation New Orleans, LA PURPOSE: OPERATIONS | $60,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: EDUCATION | $35,548 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: EDUCATION | $10,225 |
Angel Wings Foundation Metairie, LA PURPOSE: PROGRAM SUPPORT | $5,000 |
Salutare Deum Foundation Harahan, LA PURPOSE: HIGHER EDUCATION SCHOLARSHIP FUNDRAISING | $500 |
Endowment Analysis
| Beg. Balance | $26,938,918 |
| Earnings | $93,134 |
| Net Contributions | $431,172 |
| Other Expense | $2,355,170 |
| Ending Balance | $25,108,054 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harding University Searcy, AR | $405,616,863 | $135,462,423 |
University Of Mary Hardin-Baylor Belton, TX | $347,893,430 | $125,812,163 |
University Of St Thomas Houston, TX | $283,234,320 | $105,820,865 |
Texas Wesleyan University Fort Worth, TX | $187,144,342 | $108,798,845 |
William Carey University Hattiesburg, MS | $258,133,608 | $93,416,449 |
Hardin-Simmons University Abilene, TX | $364,651,432 | $94,074,650 |
Austin College Sherman, TX | $297,085,241 | $79,413,708 |
Our Lady Of The Lake University Of San Antonio San Antonio, TX | $113,222,017 | $76,356,070 |
Concordia University Texas Austin, TX | $144,062,806 | $77,596,323 |
Letourneau University Longview, TX | $118,292,663 | $66,156,893 |
East Texas Baptist University Marshall, TX | $165,907,529 | $69,149,691 |
The University Of Texas Texas A M Investment Management Company Austin, TX | $52,069,429 | $55,635,723 |