2011-05-16T09:20:02-05:00 2010-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2009-07-01 042103558 COLLEGE OF THE HOLY CROSS COLL 5087932514 1 COLLEGE STREET WORCESTER MA 016102395 MICHAEL J LOCHHEAD 2011-05-13 6179881000 2009 2016-02-24 21:20:13Z MICHAEL C MCFARLAND SJ 1 COLLEGE ST WORCESTER MA 016102395 349683125 false X WWW.HOLYCROSS.EDU X 1843 MA HOLY CROSS IS A PRIVATE, JESUIT LIBERAL ARTS COLLEGE DEDICATED TO THE PURSUIT OF EXCELLENCE IN TEACHING, LEARNING, AND SERVICE OF FAITH AND PROMOTION OF JUSTICE. 35 32 3217 250 581262 -601052 26458088 21389940 142842926 148835559 -9199174 19876954 295221 271792 160397061 190374245 34604345 36221417 0 0 83929265 82707875 0 0 6095789 63443721 59315800 181977331 178245092 -21580270 12129153 765982790 798803213 225828982 223014034 540153808 575789179 THE COLLEGE IS DEDICATED TO FORMING A COMMUNITY WHICH SUPPORTS THE INTELLECTUAL GROWTH OF ALL ITS MEMBERS WHILE OFFERING OPPORTUNITIES FOR SPIRITUAL AND MORAL DEVELOPMENT. *SEE SCHEDULE O* false false 151052760 36221417 148287939 THE COLLEGE IS A COMMUNITY OF 2,897 FULL TIME AND 35 PART TIME STUDENTS FOR THE ACADEMIC YEAR ENDING MAY 2010. THE STUDENT POPULATION IS 45% MEN AND 55% WOMEN, 21% OF THE CLASS OF 2013 ARE OF AFRICAN-AMERICAN, LATIN AMERICAN, ASIAN-AMERICAN, OR NATIVE AMERICAN HERITAGE. IN 2010 THERE WERE 716 INDIVIDUALS WHO COMPLETED THEIR MATRICULATION AND RECEIVED AN A.B. DEGREE. THE COLLEGE ADMITS QUALIFIED STUDENTS BASED ON THEIR APPLICATION, HIGH SCHOOL REPORT, AND TEACHER REFERENCES. FINANCIAL ASSISTANCE WAS PROVIDED TO APPROXIMATELY 1,700 STUDENTS. 1612351 0 547620 BASIC RESEARCH IN CHEMISTRY, PHYSICS, PSYCHOLOGY AND BIOLOGY. THE MAJORITY OF THE RESEARCH IS FUNDED BY PRIVATE GRANTS FROM FOUNDATIONS AND THE BALANCE OF THE FUNDING IS PROVIDED BY THE U.S. GOVERNMENT. PLEASE SEE SCHEDULE O FOR FURTHER DISCUSSION OF THE COLLEGE'S PROGRAM SERVICE ACCOMPLISHMENTS. 152665111 true true false false false true true true true true true false true true true false true false true false false true true true true false false false false false false false true true true true true false false true true true false false true 4416 0 true 3217 true true true true GK false false false true true false false false 35 32 false false false false false false false true true false false true true true true true true true true false MA NH X X CHARLES F ESTAPHAN 5087932514 1 COLLEGE STREET WORCESTER MA 016102395 RONALD AMIOT SJ 5.0 X 0 0 0 ROBERT ATCHINSON 5.0 X 0 0 0 JOHN F BALDOVIN SJ 5.0 X 0 0 0 PHILIP L BOROUGHS SJ 5.0 X 0 0 0 THOMAS H CAREY 5.0 X 0 0 0 GREGORY C CHISHOLM SJ 5.0 X 0 0 0 JAMES J COLLINS 5.0 X 0 0 0 P KEVIN CONDRON 5.0 X 0 0 0 MICHAEL E DANIELS 5.0 X 0 0 0 WILLIAM M DORAN JR 5.0 X 0 0 0 JANET EISNER SND 5.0 X 0 0 0 JOHN B FISHER 5.0 X 0 0 0 SARAH E FONTAINE 5.0 X 0 0 0 JOAN HOGAN GILLMAN 5.0 X 0 0 0 DAVID J GRAIN 5.0 X 0 0 0 ROBERT R GRIMES SJ 5.0 X 0 0 0 MARK G HOLOWESKO 5.0 X 0 0 0 MARY ELLEN JONES 5.0 X 0 0 0 PAUL A LA CAMERA 5.0 X 0 0 0 KATHLEEN MCLAUGHLIN LACROIX 5.0 X 0 0 0 BRIAN F LINNANE SJ 5.0 X 0 0 0 EDWARD J LUDWIG 5.0 X 0 0 0 JOHN E LUTH 5.0 X 0 0 0 JOHN J MAHONEY JR 5.0 X 0 0 0 MARY COFFEE MORAN 5.0 X 0 0 0 JONATHAN NICONCHUK 5.0 X 0 0 0 BERNADETTE M SEMPLE 5.0 X 0 0 0 PARK B SMITH 5.0 X 0 0 0 DAVID A SPINA 5.0 X 0 0 0 NANCY M TAYLOR 5.0 X 0 0 0 WILLIAM J TEUBER 5.0 X 0 0 0 HARRY K THOMAS JR 5.0 X 0 0 0 MARY MURPHY WESTOVER 5.0 X 0 0 0 DONNA M WINN 5.0 X 0 0 0 MICHAEL MCFARLAND 45.0 X X 0 0 0 TIMOTHY AUSTIN 45.0 X 210855 0 23366 WILLIAM DURGIN 45.0 X 335483 0 46554 MICHAEL LOCHHEAD 45.0 X 248074 0 50564 TIMOTHY MINES 45.0 X 148478 0 25584 MICHAEL PERRY 45.0 X 259199 0 34267 JACKIE PETERSON 45.0 X 164250 0 36720 FRANK VELLACCIO 45.0 X 253906 0 63712 RICHARD REGAN 45.0 X 185559 0 38466 WILLIAM CONLEY SR 40.0 X 366457 0 20511 JAMES HOGAN 40.0 X 309760 0 9164 WILLIAM KENNEDY JR 40.0 X 213503 0 8960 JAMES LONG 40.0 X 326895 0 14492 VICTORIA SWIGERT 40.0 X 377826 0 15800 3400245 0 388160 78 false true false SILCHESTER INTERNATIONAL 780 THIRD AVENUE 42 FLOOR NEW YORK NY 10017 INVESTMENT MGMT 387950 KOR GROUP 374 CONGRESS STREET BOSTON MA 02210 MARKETING 326315 ALBOURNE AMERICA LLC 655 MONTGOMERY STREET SAN FRANCISCO CA 94111 INVSTMENT CONSULTING 220000 EINHORN YAFFEE PRESCOTT PO BOX 617 ALBANY NY 12201 ARCHITECT 219743 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 AUDITING AND TAX 187900 6 302710 2570983 18516247 1112229 21389940 TUITION AND FEES 611600 113075783 113075783 ROOM AND BOARD 611710 25287304 25287304 SALES OF AUXILIARY SERVICES 722320 6208043 1326707 4881336 ATHLETICS 611710 2071880 2071880 GRANTS AND STUDENT AID REVENUE 611710 858670 858670 1333879 1333879 148835559 3272895 -762726 4035621 0 0 165016 0 165016 0 165016 165016 175829005 0 159218985 5961 16610020 -5961 16604059 -607 16604666 54291 302710 83934 -29643 -29643 0 0 0 OTHER INCOME 900099 136419 17888 118531 136419 190374245 141293637 581262 27109406 104974 104974 34812817 34812817 1303626 1303626 0 2256541 436669 1342752 477120 0 59059275 51561636 4918832 2578807 5786942 4720811 810711 255420 11413337 10078466 818493 516378 4191780 3420536 586472 184772 0 387878 368806 19072 277600 277600 0 0 1239415 1239415 3998496 2334453 1495268 168775 80972 46517 30742 3713 6861339 5336315 521101 1003923 1402736 908553 410539 83644 0 7332948 6352534 876565 103849 2859647 2523980 168430 167237 0 453049 436553 14360 2136 7339042 6672370 666672 0 13264567 10638049 2626518 892493 67225 806916 18352 STUDY ABROAD PROGRAM 4384603 4384603 FOOD AND FUNCTIONS 4201728 3521086 249123 431519 BAD DEBT 712481 126388 586093 COST OF GOODS SOLD 1827774 1827774 MEMBERSHIP DUES 465113 264906 168347 31860 1333919 784270 500437 49212 178245092 152665111 19484192 6095789 11805 12205 64447253 50403215 8636879 7733005 511939 441503 6659282 6785564 425149 484609 523794 1811910 365177846 169465452 183937482 195712394 58455577 152883080 441921988 382081192 451642 454536 765982790 798803213 25996319 28081341 8580199 6919927 173604969 168289903 1068262 1288740 16579233 18434123 225828982 223014034 X 271144273 290890578 123830187 135446217 145179348 149452384 540153808 575789179 765982790 798803213 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0.00 0 0 0 1 true 500 669405 X X X false false true 492679761 4789778 48461840 4669581 16081612 2686842 522493344 617249034 15989246 -116117375 5141085 15739660 3560399 492679761 0.49780 0.50220 0.00000 false false 3548759 3548759 273349699 115154232 158195467 0 0 0 47951393 37476634 10474759 40327995 16834586 23493409 195712394 HEDGE FUNDS 255253928 F PRIVATE EQUITY 102331147 F REAL ASSETS 23181097 F OTHER INVESTMENTS 1315020 F 382081192 0 DEPTARTMENT 5116692 GIVING AGREEMENTS 5103869 INTEREST RATE SWAP 8213562 18434123 190374245 178245092 12129153 31086599 -7573287 23513312 35642465 176407236 31086599 2812500 33899099 142508137 3205760 44660348 47866108 190374245 140764771 2812500 2812500 137952271 3205760 37087061 40292821 178245092 CONSERVATION EASEMENT PART II, LINE 9 THE COLLEGE HAS NOT RECEIVED ANY GIFT OF PROPERTY SUBJECT TO A CONSERVATION EASEMENT AND THEREFORE DOES NOT REPORT CONSERVATION EASEMENTS IN ITS REVENUE AND EXPENSE STATEMENT OR BALANCE SHEET. THE COLLEGE DOES OWN BUILDINGS THAT ARE PART OF THE HISTORIC REGISTER AND THEREFORE SUBJECT TO RESTRICTIONS REGARDING THEIR PRESERVATION. THE COLLEGE POLICY IS TO MAINTAIN CAMPUS PROPERTY IN A GOOD AND SOUND STATE OF REPAIR AND TO MAINTAIN ALL PROPERTY, INCLUDING THOSE SUBJECT TO CONSERVATION EASEMENT, AT A LEVEL SO AS TO PREVENT DETERIORATION AND PRESERVE THE ARCHITECTURAL AND HISTORICAL INTEGRITY OF CAMPUS BUILDINGS AND GROUNDS IN WAYS THAT MAKE THE CAMPUS ELIGIBLE FOR LISTING IN THE NATIONAL REGISTER OF HISTORIC PLACES. ALL BUILDINGS AND LAND SUBJECT TO A CONSERVATION EASEMENT ARE LOCATED ON THE MAIN CAMPUS, OWNED BY THE COLLEGE AND REGULARLY USED BY THE CAMPUS COMMUNITY. THEY ARE CONSTANTLY MONITORED AND INSPECTED TO ENSURE THE PRESERVATION OF THE HISTORIC STRUCTURES. COLLECTIONS OF ART, HISTORICAL TREASURERS, OR OTHER SIMILAR ASSETS PART III, LINE 4 THE GALLERY EXISTS TO PROMOTE AND SUPPORT THE INTELLECTUAL AND CULTURAL LIFE OF THE COLLEGE AND IS OPEN TO THE GENERAL PUBLIC. THE GALLERY SERVES AS A CATALYST IN THE SEARCH FOR MEANING AND VALUE IN LIFE AND HISTORY WITH A SPECIAL RESPONSIBILITY FOR INTEGRATING THE LIBERAL ARTS VALUES OF THE COLLEGE WITH THE CLASSROOM BY LINKING EXHIBITIONS TO THE BROADER CURRICULUM. THE GALLERY BOASTS MORE THAN 400 OBJECTS IN ITS PERMANENT COLLECTION. THE PERMANENT COLLECTION REPRESENTS A BROAD SPECTRUM OF ART AND HISTORICAL PERIODS. IN INCLUDES THE SOUTHEAST ASIAN TEXTILES, NOTABLE WORKS ALSO INCLUDE SCULPTURE BY RODIN, PLAZZOTTA, GROSS, GRIPPE, AND BEAUCHAMPE, PHOTOGRAPHS BY MARILYN BRIDGESS AND PAUL CAPONIGRO, PAINTINGS, PRINTS AND DRAWINGS BY MICHAEL BEATTY, ROBERT BEAUCHAMPE, FRANCIS BONIV, TERRI PRIEST AND OTHERS. IN 2010 THE GALLERY HOSTED FOUR EXHIBITS. PILGRIMAGE AND FAITH: BUDDHISM, CHRISTIANITY AND ISLAM EXPLORED PILGRIMAGE AS EXPERIENCED BY THESE FAITH COMMUNITIES AND THE CONVERGENCE OF PRACTICES IN THE PILGRIMAGE EXPERIENCE. CITIES OF PEACE IS A SERIES OF WORKS ON CANVAS CONSISTING OF A VISUAL TRIBUTE TO THE PEOPLE AND LOCATIONS AROUND THE WORLD WHERE VIOLENCE AND TRAGEDY THROUGH WAR OR CONFLICT AND IDEOLOGICAL EXTREMISM IN MODERN TIMES HAVE LEFT HORRIFIC REMINDERS OF MAN'S DESTRUCTIVE POWER. TELLIN: DRAWN FROM NATURE/WORK FROM 1990 TO THE PRESENT INCLUDED A NUMBER OF LIFE-SIZED WALL MOUNTED ABSTRACT WOOD CONSTRUCTIONS. THE "SENIOR CONCENTRATION SEMINAR" PROVIDES EACH STUDENT WITH A PRIVATE STUDIO SPACE, OPPORTUNITIES TO TRAVEL TO EXHIBITIONS IN THE NEW ENGLAND REGION, TO MEET WITH PROFESSIONAL CURATORS AND TO HAVE THEIR WORK REVIEWED BY HOLY CROSS FACULTY AND GUEST ARTISTS. THE SEMINAR CULMINATES WITH THE PLANNING AND EXECUTION OF A GROUP EXHIBITION MOUNTED IN THE CANTOR ART GALLERY UNDER THE GUIDANCE OF THE GALLERY STAFF AND THE VISUAL ARTS FACULTY. WORKS FROM THE 2010 SENIOR CONCENTRATION SEMINAR INCLUDED LARGE-SCALE WALL INSTALLATION PIECES AND MIXED MEDIA WORKS ALONG WITH PAINTING, PHOTOGRAPHY, PRINTS, SCULPTURE AND VIDEO. THE EXHIBIT REPRESENTED THE EXPLORATION AND EXPRESSION OF A WIDE RANGE OF INTERESTS SUCH AS SOCIAL JUSTICE AND SPIRITUALITY, AS WELL AS PERSONAL OBSESSIONS AND CHILDHOOD MEMORIES. TRUST, ESCROW AND CUSTODIAL ARRANGEMENTS PART IV, LINE 2B AGENCY FUNDS ARE HELD BY THE COLLEGE AS CUSTODIAN OR FISCAL AGENT. FUNDS MAY BE HELD FOR RECOGNIZED FACULTY, STAFF, STUDENT OR ALUMNI ORGANIZATIONS THAT ARE COLLECTED FROM ACTIVITY FEES, DUES OR FUNDRAISING. THE FUNDS ARE DEPOSITED WITH THE COLLEGE FOR SAFEKEEPING TO BE USED OR WITHDRAWN BY THE DEPOSITOR UPON PROPER AUTHORIZATION AND DOCUMENTATION. EXPENDITURES FROM THESE FUNDS ARE USED PRIMARILY TO FUND STUDENT ACTIVITIES, TRIPS AND PROJECTS OF INTEREST TO THE STUDENTS OR TO SUPPORT COLLEGE PROGRAMS. EACH AGENCY FUND IS PROVIDED A UNIQUE COST CENTER ESTABLISHED IN THE COLLEGE'S FINANCIAL RECORDS. THESE COST CENTERS PROVIDE A SAFE, SECURE, AND CONVENIENT METHOD OF ACCOUNTING FOR AND ADMINISTERING THESE FUNDS. ALL CUSTODIAL FUNDS FOLLOW THE EXPENDITURE POLICIES AND PROCEDURES OUTLINED BY THE COLLEGE. ENDOWMENT FUNDS PART V, LINE 4 THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 800 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE COLLEGE'S ENDOWMENT FUND SUPPORTS THE FOLLOWING AREAS; FINANCIAL AID FOR STUDENTS ATTENDING THE COLLEGE, TEACHING, ACADEMIC SUPPORT, STUDENT SERVICES AND ATHLETIC PROGRAMS. THE COLLEGE ENDOWMENT INCLUDES MANY INDIVIDUAL FUNDS THAT ARE RESTRICTED TO SUPPORT STUDENT FINANCIAL AID MAKING A COLLEGE EDUCATION AFFORDABLE TO THOSE WHO HAVE DEMONSTRATED NEED. FACULTY CHAIRS OR PROFESSORSHIPS ARE ANOTHER LEADING PURPOSE FOR WHICH INDIVIDUAL ENDOWMENT FUNDS ARE DEDICATED. LIKE ENDOWMENT FUNDS FOR STUDENT SCHOLARSHIPS, INVESTMENT INCOME EARNED BY FACULTY ENDOWMENT FUNDS IS USED TO FUND A PROFESSORS SALARY. ENDOWED PROFESSORSHIPS ARE OFTEN AWARDED TO LEADING SCIENTISTS AND SCHOLARS WHO ARE CONTRIBUTING SIGNIFICANTLY TO TEACHING IN THEIR RESPECTIVE DISCIPLINES. ANOTHER PURPOSE FOR WHICH ENDOWMENT FUNDS ARE RESTRICTED IS SCIENTIFIC AND SCHOLARLY RESEARCH. THE COLLEGE IS INCREASINGLY RELYING ON ITS OWN RESOURCES TO ASSIST NEW FACULTY IN DEVELOPING THEIR RESEARCH PROGRAMS BECAUSE FEDERAL FUNDS HAVE LAGGED. THE COLLEGE HAS RECEIVED MANY GIFTS TO CONSTRUCT AND SUSTAIN NEW SCIENTIFIC OR OTHER ACADEMIC FACILITIES, AND ENDOWMENT SUPPORT IS PARTICULARLY IMPORTANT FOR THE SUPPORT OF PROGRAMS HOUSED IN THOSE ACADEMIC FACILITIES. THE ENDOWMENT ALSO PROVIDES FUNDING FOR THE COLLEGE'S LIBRARY AND ART GALLERY WHICH ARE CRITICAL COMPONENTS OF THE INTELLECTUAL AND CULTURAL LIFE ON CAMPUS. DONORS HAVE ALSO CREATED ENDOWMENTS FOR THE PURPOSE OF SUPPORTING INTERCOLLEGIATE ATHLETICS. THE COLLEGE USES INVESTMENT INCOME FROM SUCH GIFTS TO FUND ATHLETIC SCHOLARSHIPS, FACILITIES, COACHING SALARIES AND EQUIPMENT. OTHER CHANGES IN NET ASSETS PART XI, LINE 8 OTHER ADJUSTMENTS CONSIST OF A LOSS ON INTEREST RATE SWAP AGREEMENTS OF 2,054,284, PENSION ADJUSTMENTS RELATING TO FINANCIAL STANDARDS NUMBER 158 WHICH IS A LOSS OF 5,526,095, AND HOLY CROSS CLUB OF BOSTON'S CHANGE IN NET ASSETS OF 7,092. REVENUE INCLUDED ON FINANCIAL STATEMENTS NOT ON RETURN PART XII, LINE 2D INTRA DEPARTMENTAL REVENUE 2,642,482 CHANGE IN LIFE INCOME OBLIGATIONS 170,018 TOTAL 2,812,500 REVENUE INCLUDED ON RETURN NOT ON FINANCIAL STATEMENTS PART XII, LINE 4B SCHOLARSHIPS, NETTED AGAINST TUITION REVENUE 36,116,443 INCREASE IN BAD DEBT PROVISION FOR NON-OPERATING PLEDGES 648,046 LOAN FUND EXPENSES 179,061 GENERAL ALUMNI ASSOCIATION & BOSTON CLUB REVENUE 136,419 UNREALIZED GAIN ON SWAP 2,054,284 PENSION ADJUSTMENT FOR FAS 158 5,526,095 TOTAL 44,660,348 EXPENSES INCLUDED ON FINANCIAL STATEMENTS NOT ON RETURN PART XIII, LINE 2D INTRA DEPARTMENTAL REVENUE 2,642,482 CHANGE IN LIFE INCOME OBLIGATIONS 170,018 TOTAL 2,812,500 EXPENSES INCLUDED ON RETURN NOT ON FINANCIAL STATEMENTS PART XIII, LINE 4B SCHOLARSHIPS, NETTED AGAINST TUITION REVENUE 36,116,443 INCREASE IN BAD DEBT PROVISION FOR NON-OPERATING PLEDGES 648,046 LOAN FUND EXPENSES 179,059 GENERAL ALUMNI ASSOCIATION & BOSTON CLUB REVENUE 143,513 TOTAL 37,087,061 true true true A SUMMARY OF THE NON-DISCRIMINATION POLICY IS INCLUDED IN THE PRINT MEDIA DESCRIBING THE COLLEGE'S ADMISSION REQUIREMENTS AND EMPLOYMENT. WEB MEDIA CONTAINS SIMILAR SUMMARY STATEMENTS. true true true true false false false false false false false false true false THE COLLEGE PARTICIPATES IN THE TITLE IV PROGRAM FOR CAMPUS WORK STUDY, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, THE PERKINS LOAN PROGRAM, DIRECT LENDING, SMART GRANTS, PELL GRANTS AND ACADEMIC COMPETITIVENESS GRANTS ADMINISTERED BY THE US DEPARTMENT OF EDUCATION. THE COLLEGE IS ALSO PARTICIPATING IN SEVERAL GRANTS WITH THE NATIONAL SCIENCE FOUNDATION TO PROVIDE STEM GRANTS TO STUDENTS STUDYING MATH OR SCIENCE AS A MAJOR. true true Central America and the Caribbean 0 0 Program Services Attend College Abroad 148904 East Asia and the Pacific 0 0 Program Services Attend College Abroad 481621 Europe (Including Iceland and Greenland) 0 90 Program Services Attend College Abroad 3486707 South America 0 3 Program Services Attend College Abroad 134820 South Asia 0 0 Program Services Attend College Abroad 24900 Sub-Saharan Africa 0 0 Program Services Attend College Abroad 100471 Middle East and North Africa 0 0 Program Services Attend College Abroad 7180 Central America and the Caribbean 0 0 Investments NONE 0 Europe (Including Iceland and Greenland) 0 0 Investments NONE 0 0 93 4384603 0 SCHOLARSHIP - NOT TRACKED BY REGION 65 1303626 STUDENT ACCT MONITOR THE USE OF GRANT FUNDS OUTSIDE THE U.S. PART I, LINE 2 THE COLLEGE MANAGES ALL RELATIONSHIPS WITH INTERNATIONAL HOST INSTITUTIONS DIRECTLY AND CONDUCTS PERIODIC EVALUATIONS OF THE PROGRAMS. STUDENTS ARE BILLED TUITION BY HOLY CROSS. THE COLLEGE MANAGES ALL ASPECTS OF THE PROGRAM AND ITS COSTS PROVIDING FOR ADVISORS, LINGUISTIC SUPPORT AND TUTORIAL ASSISTANCE. PROGRAM COSTS, OTHER THAN SCHOLARSHIPS, ARE TRACK BY PROGRAM LOCATION. SCHOLARSHIPS ARE PROVIDED TO STUDENTS ATTENDING PROGRAMS ABROAD USING THE SAME METHODOLOGY THAT IS APPLIED TO STUDENTS WHO ATTEND CLASSES IN THE UNITED STATES AS DESCRIBED ON FORM 990, SCHEDULE I, PART IV. NY COUNC DINNER 288025 256525 31500 0 0 0 62147 0 0 CRUSADER GRID. 27610 18435 9175 0 0 0 8507 0 0 1 41366 27750 13616 0 0 0 13280 0 0 357001 302710 54291 0 0 0 83934 0 0 83934 -29643 true SOUTH WORCESTER NEIGHBORHOOD IMPROVEMENT 47 CAMP STREET WORCESTER MA 01603 042529221 501(C)(3) 104974 AFFORDABLE HOUSING 1 0 SCHOLARSHIP-FUNDED BY THE FEDERAL GOVERNMENT 165 654014 SCHOLARSHIP-FUNDED BY THE STATE GOVERNMENT 206 511800 SCHOLARSHIP-FUNDED BY THE COLLEGE 1346 33175962 SCHOLARSHIP-FUNDED BY PRIVATE SOURCES 59 471041 MONITOR THE USE OF GRANT FUNDS IN THE U.S. PART I, LINE 2 STUDENTS MUST FILE BOTH A FASFA AND PROFILE FORM TO BE CONSIDERED FOR BOTH FEDERAL ASSISTANCE AND HOLY CROSS SCHOLARSHIPS. THE COLLEGE APPLIES A NEED ANALYSIS PROCEDURE TO THE APPLICATION TO DETERMINE THE AMOUNT OF NEED. THOSE QUALIFYING FOR NEED BASED AID WILL HAVE 100% OF THEIR NEED FULLY MET. THE COLLEGE DOES NOT DISCRIMINATE ON THE BASES OF RACE, COLOR NATIONAL OR ETHNIC ORIGIN, SEX, AGE, OR HANDICAP IN ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, FINANCIAL AID POLICIES, ATHLETIC AND SCHOOL ADMINISTERED PROGRAMS. THE COLLEGE SUPPORTS A NEED BASED FINANCIAL AID POLICY THAT IS REPRESENTATIVE OF ITS ACADEMIC AND SPIRITUAL GOALS AS AN UNDERGRADUATE, JESUIT LIBERAL ARTS COLLEGE. THE COLLEGE ALSO OFFERS A LIMITED AMOUNT OF MERIT BASED AID. THE COLLEGE USES A CONSERVATIVE NEEDS ANALYSIS, "INSTITUTIONAL METHODOLOGY" WHICH IS AGREED UPON BY MORE THAN 2,000 MEMBERS OF THE COLLEGE SCHOLARSHIP SERVICE ASSEMBLY. THE FINANCIAL AID PROGRAM IS GENEROUS AND ALL STUDENTS ARE ENCOURAGED TO APPLY REGARDLESS OF THEIR SOCIO-ECONOMIC BACKGROUND. APPROXIMATELY FIFTY EIGHT PERCENT OF ALL STUDENTS RECEIVE SOME FORM OF FINANCIAL ASSISTANCE. A LIST OF RECIPIENTS WHO RECEIVE FINANCIAL ASSISTANCE IS MAINTAINED BY THE COLLEGE THERE MAY BE SOME RECIPIENTS WHO ARE RELATED TO OFFICERS, TRUSTEES OR OTHER DISQUALIFIED PERSONS SUCH RECIPIENTS ARE SELECTED ON AN EQUAL OBJECTIVELY DETERMINED BASIS WITH OTHERS. X X true true X X X false true false false false false false false false TIMOTHY AUSTIN 199837 0 0 0 11018 0 21863 0 1503 0 234221 0 0 0 WILLIAM DURGIN 292666 0 0 0 42817 0 27264 0 19290 0 382037 0 0 0 MICHAEL LOCHHEAD 231056 0 0 0 17018 0 26664 0 23900 0 298638 0 0 0 TIMOTHY MINES 147988 0 0 0 490 0 16014 0 9570 0 174062 0 0 0 MICHAEL PERRY 210977 0 0 0 48222 0 23664 0 10603 0 293466 0 0 0 JACKIE PETERSON 158436 0 0 0 5814 0 17401 0 19319 0 200970 0 0 0 FRANK VELLACCIO 236161 0 0 0 17745 0 27264 0 36448 0 317618 0 0 0 RICHARD REGAN 158383 0 0 0 27176 0 17582 0 20884 0 224025 0 0 0 WILLIAM CONLEY SR 67183 0 0 0 299274 0 7178 0 13333 0 386968 0 0 0 JAMES HOGAN 58318 0 0 0 251442 0 6029 0 3135 0 318924 0 0 0 WILLIAM KENNEDY JR 39934 0 0 0 173569 0 4165 0 4795 0 222463 0 0 0 JAMES LONG 55514 0 0 0 271381 0 5745 0 8747 0 341387 0 0 0 VICTORIA SWIGERT 377166 0 0 0 660 0 11076 0 4724 0 393626 0 0 0 TAX INDEMNIFICATION AND CLUB DUES PART I, LINE 1A CERTAIN OFFICERS, KEY EMPLOYEES OR HIGHLY COMPENSATED EMPLOYEES ARE AUTHORIZED AS PART OF THEIR COMPENSATION AGREEMENT TO OBTAIN A MEMBERSHIP IN A SOCIAL OR RECREATIONAL CLUB. THESE DUES ARE GROSSED UP AND INCLUDED IN THE EMPLOYEE'S REPORTABLE COMPENSATION. SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN PART I, LINE 4B WILLIAM DURGIN PARTICIPATES IN A NON-QUALIFIED RETIREMENT PLAN. ALL AMOUNTS ARE INCLUDED IN DEFERRED COMPENSATION AS THEY ACCRUE. COMPENSATION TO MEMBERS OF A RELIGIOUS ORDER PART II MEMBERS OF THE SOCIETY OF JESUS TAKE A VOW OF POVERTY. COMPENSATION IS PAID DIRECTLY TO THEIR ORDER WHICH IS EXEMPT UNDER SECTION 501(C)(3). UNDER REV. RUL. 77-290 MEMBERS OF A RELIGIOUS ORDER PROVIDING SERVICES TO A CATHOLIC ORGANIZATION WILL BE CONSIDERED FOR TAX PURPOSES TO BE AN AGENT OF HIS ORDER PROVIDED; THE RELIGIOUS ORDER IS SUBJECT TO A VOW OF POVERTY, THE RELIGIOUS ORDER IS PROVIDING SERVICES FOR A CATHOLIC ORGANIZATION LISTED IN THE OFFICIAL CATHOLIC DIRECTORY AT THE DIRECTION OF HIS SUPERIOR AND THE FULL AMOUNT OF COMPENSATION IS REMITTED TO HIS ORDER WHICH IS EXEMPT FROM TAX. MASS DEVELOPMENT AND FINANCE AGENCY MDFA 2007B 043431814 57583RLM5 2007-05-03 30306021 REFUNDING 1998 ISSUE false false MASS DEVELOPMENT AND FINANCE AGENCY MDFA 2008A 043431814 57583RU26 2008-05-08 45340000 REFUNDING 2007A ISSUE false false MASS DEVELOPMENT AND FINANCE AGENCY MDFA 2008B 043431814 57583RVU6 2008-05-08 71076481 REFUNDING 2006 ISSUE false false 30306021 0 0 0 258981 0 29877800 2008 false true true true 45340000 0 0 0 181594 0 44320543 2008 true false true true 71076481 0 0 0 503481 0 70593000 2008 true false true true false false false false true 0.00000 0.00012 0.00012 true false false false false false true true true BANK OF AMERICA LLC false false true false false false false true FONTAINE BROTHERS INC S. FONTAINE, TRUSTEE 2585943 BLDG CONSTRUCTION/RENOVATION false ADAGE CAPITAL MANAGEMENT R. ATCHINSON, TRUSTEE 182269 MANAGEMENT FEE false FEDERATED FUND ADVISORY COMPANY J. FISHER, TRUSTEE 100000 ADVISORY FEE false X 1 500 APPRAISAL X 77 1103209 AVG PRICE QUOTE X MUSICAL INSTRUMENTS 1 8520 INVOICE false true true USE OF THIRD PARTIES OR ELATED ORGANIZATIONS TO SELL NONCASH CONTRIBUTIONS PART I, LINE 32B THE COLLEGE USES A REGISTERED BROKER TO SELL SECURITIES THAT ARE GIFTED TO THE COLLEGE. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 THE COLLEGE OF THE HOLY CROSS IS, BY TRADITION AND CHOICE, A JESUIT LIBERAL ARTS COLLEGE SERVING THE CATHOLIC COMMUNITY, AMERICAN SOCIETY, AND THE WIDER WORLD. TO PARTICIPATE IN THE LIFE OF HOLY CROSS IS TO ACCEPT AN INVITATION TO JOIN IN DIALOGUE ABOUT BASIC HUMAN QUESTIONS: WHAT IS THE MORAL CHARACTER OF LEARNING AND TEACHING? HOW DO WE FIND MEANING IN LIFE AND HISTORY? WHAT ARE OUR OBLIGATIONS TO ONE ANOTHER? WHAT IS OUR SPECIAL RESPONSIBILITY TO THE WORLD'S POOR AND POWERLESS? AS A LIBERAL ARTS COLLEGE, HOLY CROSS PURSUES EXCELLENCE IN TEACHING, LEARNING, AND RESEARCH. ALL WHO SHARE ITS LIFE ARE CHALLENGED TO BE OPEN TO NEW IDEAS, TO BE PATIENT WITH AMBIGUITY AND UNCERTAINTY, TO COMBINE A PASSION FOR TRUTH WITH RESPECT FOR THE VIEWS OF OTHERS. INFORMED BY THE PRESENCE OF DIVERSE INTERPRETATIONS OF THE HUMAN EXPERIENCE, HOLY CROSS SEEKS TO BUILD A COMMUNITY MARKED BY FREEDOM, MUTUAL RESPECT, AND CIVILITY. BECAUSE THE SEARCH FOR MEANING AND VALUE IS AT THE HEART OF THE INTELLECTUAL LIFE, CRITICAL EXAMINATION OF FUNDAMENTAL RELIGIOUS AND PHILOSOPHICAL QUESTIONS IS INTEGRAL TO LIBERAL ARTS EDUCATION. DIALOGUE ABOUT THESE QUESTIONS AMONG PEOPLE FROM DIVERSE ACADEMIC DISCIPLINES AND RELIGIOUS TRADITIONS REQUIRES EVERYONE TO ACKNOWLEDGE AND RESPECT DIFFERENCES. DIALOGUE ALSO REQUIRES US TO REMAIN OPEN TO THAT SENSE OF THE WHOLE WHICH CALLS US TO TRANSCEND OURSELVES AND CHALLENGES US TO SEEK THAT WHICH MIGHT CONSTITUTE OUR COMMON HUMANITY. THE FACULTY AND STAFF OF HOLY CROSS, NOW PRIMARILY LAY AND RELIGIOUSLY AND CULTURALLY DIVERSE, ALSO AFFIRM THE MISSION OF HOLY CROSS AS A JESUIT COLLEGE. AS SUCH, HOLY CROSS SEEKS TO EXEMPLIFY THE LONGSTANDING DEDICATION OF THE SOCIETY OF JESUS TO THE INTELLECTUAL LIFE AND ITS COMMITMENT TO THE SERVICE OF FAITH AND PROMOTION OF JUSTICE. THE COLLEGE IS DEDICATED TO FORMING A COMMUNITY WHICH SUPPORTS THE INTELLECTUAL GROWTH OF ALL ITS MEMBERS WHILE OFFERING THEM OPPORTUNITIES FOR SPIRITUAL AND MORAL DEVELOPMENT. IN A SPECIAL WAY, THE COLLEGE MUST ENABLE ALL WHO CHOOSE TO DO SO TO ENCOUNTER THE INTELLECTUAL HERITAGE OF CATHOLICISM, TO FORM AN ACTIVE WORSHIPPING COMMUNITY, AND TO BECOME ENGAGED IN THE LIFE AND WORK OF THE CONTEMPORARY CHURCH. SINCE 1843, HOLY CROSS HAS SOUGHT TO EDUCATE STUDENTS WHO, AS LEADERS IN BUSINESS, PROFESSIONAL, AND CIVIC LIFE, WOULD LIVE BY THE HIGHEST INTELLECTUAL AND ETHICAL STANDARDS. IN SERVICE OF THIS IDEAL, HOLY CROSS ENDEAVORS TO CREATE AN ENVIRONMENT IN WHICH INTEGRATED LEARNING IS A SHARED RESPONSIBILITY, PURSUED IN CLASSROOM AND LABORATORY, STUDIO AND THEATER, RESIDENCE AND CHAPEL. SHARED RESPONSIBILITY FOR THE LIFE AND GOVERNANCE OF THE COLLEGE SHOULD LEAD ALL ITS MEMBERS TO MAKE THE BEST OF THEIR OWN TALENTS, TO WORK TOGETHER, TO BE SENSITIVE TO ONE ANOTHER, TO SERVE OTHERS, AND TO SEEK JUSTICE WITHIN AND BEYOND THE HOLY CROSS COMMUNITY. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990 PART III, LINE 4A THE COLLEGE IS A COMMUNITY OF 2,897 FULL TIME AND 35 PART TIME STUDENTS FOR THE ACADEMIC YEAR ENDING MAY 2010. THE STUDENT POPULATION IS 45% MEN AND 55% WOMEN, 21% OF THE CLASS OF 2013 ARE OF AFRICAN-AMERICAN, LATIN AMERICAN, ASIAN-AMERICAN, OR NATIVE AMERICAN HERITAGE. IN 2010 THERE WERE 716 INDIVIDUALS WHO COMPLETED THEIR MATRICULATION AND RECEIVED AN A.B. DEGREE. THE COLLEGE ADMITS QUALIFIED STUDENTS BASED ON THEIR APPLICATION, HIGH SCHOOL REPORT, AND TEACHER REFERENCES. FINANCIAL ASSISTANCE WAS PROVIDED TO APPROXIMATELY 1,700 STUDENTS. FORMED IN 1843 THE COLLEGE OFFERS A CURRICULUM LEADING TO A BACHELOR OF ARTS (A.B.) DEGREE WITH ACADEMIC CONCENTRATIONS IN TWENTY SIX FIELDS, INCLUDING BIOLOGY, CHEMISTRY, CLASSICS, ECONOMICS, ENGLISH, HISTORY, PSYCHOLOGY, RELIGIOUS STUDIES, SOCIOLOGY, THEATER AND THE VISUAL ARTS. THE COLLEGE IS A LARGE EDUCATIONAL COMPLEX, COMPLETE WITH LIBRARIES, SCIENCE LABORATORIES, CLASSROOMS, RESIDENCE HALLS, AND ATHLETIC FIELDS INCLUDING A FOOTBALL STADIUM AND HOCKEY RINK, AND A STUDENT ACTIVITY CENTER. ALL FIRST YEAR STUDENTS PARTICIPATE IN AN ACADEMICALLY RIGOROUS LEARNING AND LIVING PROGRAM FOR THEIR FIRST-YEAR. LEARNING TAKES PLACE IN SMALL DISCUSSION SEMINARS FOR THE ENTIRE YEAR THAT FIT THEMATICALLY WITHIN FIVE CLUSTERS EACH DEVOTED TO A LARGER THEME. STUDENTS CHOOSE THEIR OWN CLUSTER OF INTEREST FROM THE FOLLOWING AREAS: NATURAL WORLD, DIVINE, SELF, GLOBAL SOCIETY OR CORE HUMAN QUESTIONS. GLOBAL SOCIETY IS THE LARGEST CLUSTER WITH DISCIPLINES FROM SOCIOLOGY AND HISTORY TO PHYSICS AND ECONOMICS. THE COURSES LOOK AT THE WORLD FROM A PLURALISTIC AND COSMOPOLITAN PERSPECTIVE, GIVING STUDENTS THE OPPORTUNITY TO REFLECT ON THE CULTURAL CONNECTIONS OF THE MODERN WORLD AND THE RESPONSIBILITIES OF THE 21ST CENTURY CITIZEN. THE COLLEGE OFFERS STUDENTS THE ABILITY TO STUDY ABROAD DURING THEIR JUNIOR YEAR. WE HAVE RELATIONSHIPS WITH UNIVERSITIES ON FIVE CONTINENTS AND EACH YEAR MORE THAN 150 STUDENTS PURSUE STUDIES IN A FOREIGN COUNTRY, INCLUDING CHINA, RUSSIA, CAMEROON, EUROPE, PERU AND SRI LANKA. DURING THIS TIME THEY CONTINUE THEIR EDUCATION IN SUCH SUBJECTS AS HISTORY, MATH OR PSYCHOLOGY AND IN ADDITION ARE EDUCATED BY THEIR SURROUNDINGS AND LEARN HOW OTHER PEOPLE VIEW THEIR HOME COUNTRY. THEY LIVE WITH LOCAL FAMILIES WHENEVER POSSIBLE AND ARE REQUIRED TO COMPLETE A SERVICE PROJECT THAT IMMERSES THEM IN THE LOCAL COMMUNITY. THE COLLEGE OFFERS INTERDISCIPLINARY CONCENTRATIONS IN ASIAN STUDIES, ENVIRONMENTAL STUDIES, AFRICANA STUDIES, LATIN AMERICAN AND LATINO STUDIES AND WOMEN AND GENDER STUDIES. IN ADDITION STUDENTS HAVE DEVELOPED THEIR OWN PROGRAMS IN ASIAN AMERICAN AND MIDDLE EASTERN STUDIES. THESE CONCENTRATIONS ALLOW STUDENTS TO SYNTHESIZE ACROSS DISCIPLINES, EXPLORING THE CULTURE THROUGH HISTORY, LITERATURE, LANGUAGE, SOCIOLOGY ANTHROPOLOGY AND ART. THOUGH THESE STUDIES, STUDENTS GAIN A DEEPER APPRECIATION OF THE WORLD'S CULTURES AND TRADITIONS. RELIGIOUS STUDIES EXPLORE THE GLOBAL RELIGIONS AND TRADITIONS AND ALSO LOOK AT CHRISTIAN AND CATHOLIC EXPERIENCES AROUND THE WORLD. IN SOCIOLOGY STUDENTS EXAMINE THE SOCIETAL STRUCTURES THAT FRAME THE IMPACT OF GLOBALIZATION ON OUR PERCEPTION OF ETHNIC AND SOCIETAL IDENTITY. BIOLOGY STUDENTS LOOK AT THE IMPACT OF TECHNOLOGY, DEVELOPMENT AND GLOBALIZATION ON OUR NATURAL RESOURCES. MODERN LANGUAGES AND LITERATURE PROVIDE STUDENTS A STRONG FOUNDATION, EVEN FLUENCY, IN FOREIGN LANGUAGES, BUT ALSO PROVIDES INSIGHT INTO THE CULTURE OF THOSE WHO SPEAK THE LANGUAGE, THROUGH LITERATURE, ART AND HISTORY. THE COLLEGE'S CENTER FOR RELIGION, ETHICS AND CULTURE PROVIDES A PLACE FOR INTERDISCIPLINARY DIALOGUE AND EXPLORATION ABOUT BASIC HUMAN QUESTIONS. IT'S PROGRAMS AIM TO INCREASE UNDERSTANDING OF A VARIETY OF RELIGIOUS, ETHICAL AND CULTURAL TRADITIONS, AND TO EXAMINE HOW THEY RELATE TO CATHOLIC TRADITIONS AND CURRENT ISSUES. THE CENTER FOSTERS DIALOGUE THAT RESPECTS DIFFERENCES, PROVIDING A FORUM FOR INTELLECTUAL EXCHANGE THAT IS INTER-RELIGIOUS AS WELL AS INTERDISCIPLINARY, INTERCULTURAL AND INTERNATIONAL IN SCOPE. AT THE SAME TIME, IT EXPLORES "THE WHOLE" WHICH TRANSCENDS DIFFERENCES AND APPEALS TO OUR COMMON HUMANITY. THE CENTER SPONSORS PUBLIC CONFERENCES, LECTURES AND FORUMS ON A WIDE RANGE OF TOPICS. A SAMPLING OF PAST PROGRAMS INCLUDE AGING, ETHICS AND SPIRITUALITY; HISTORIC PRESERVATION OF CHURCHES; MEDIA, ETHICS AND VALUES; NATIVE AMERICAN SPIRITUALITY AND CULTURE; JEWISH- CHRISTIAN UNDERSTANDING; ASIAN VALUES IN TRANSITION; ANATOMY OF EVIL; AND FORGIVENESS. THE CAMPUS LIBRARIES AT HOLY CROSS-DINAND, FENWICK MUSIC, O'CALLAHAN SCIENCE, ARCHIVAL AND SPECIAL COLLECTIONS, AND REHM-ARE ALSO AVAILABLE TO THE PUBLIC FOR SCHOLARLY RESEARCH. THE LIBRARIES HAVE AN EXTENSIVE COLLECTION OF BOOKS, JOURNALS, TAPES, VIDEOS, CDS, LPS, PHOTOGRAPHS AND ELECTRONIC RESOURCES. THE LIBRARY COLLECTION INCLUDES MORE THAN 650,000 VOLUMES, 4,500 PERIODICALS, 14,000 SOUND RECORDINGS, 7,000 MUSIC SCORES AND 40,000 ART HISTORY SLIDES. THE COLLECTION INCLUDES THE FOLLOWING ITEMS OF PARTICULAR INTEREST: INCUNABULA: BOOKS PRINTED PRIOR TO 1500, JESUITANA: BOOKS PRINCIPALLY BY JESUIT AUTHORS OF THE 15TH TO 17TH CENTURIES, AMERICANA: BOOKS OF SPECIAL INTEREST PUBLISHED IN AMERICA PRIOR TO 1829, JOHN HENRY CARDINAL NEWMAN (1801-1890) COLLECTION: LETTERS AND FIRST EDITIONS, JAMES MICHAEL CURLEY (1874-1958) COLLECTION: SCRAPBOOKS, NEWSPAPER CLIPPINGS, MICROFILM. CURLEY WAS MAYOR OF BOSTON AND GOVERNOR OF MASSACHUSETTS, LOUISE IMOGENE GUINEY (1861-1920) COLLECTION: POEMS, ESSAYS, CORRESPONDENCE, AND PHOTOGRAPHS, FRANK W. STEARNS (1856-1939) COLLECTION: CORRESPONDENCE, SCRAPBOOKS. STEARNS WAS A BOSTON MERCHANT AND POLITICAL ADVISOR TO CALVIN COOLIDGE, HENNESSEY COLLECTION: NEARLY 8000 LP SOUND RECORDINGS OF OPERA AND OTHER VOCAL MUSIC. THROUGH BOTH CONTEMPORARY AND HISTORICAL EXHIBITIONS, THE IRIS AND B. GERALD CANTOR ART GALLERY AT HOLY CROSS EDUCATES THE COLLEGE AND WORCESTER COMMUNITIES ABOUT THE FUNDAMENTAL INTELLECTUAL, CULTURAL, SPIRITUAL, AND AESTHETIC ISSUES ENCOUNTERED THROUGH VISUAL ART. OPEN FREE TO THE PUBLIC, THE GALLERY SEEKS TO PROMOTE AND SUPPORT THE INTELLECTUAL AND CULTURAL LIFE OF THE COLLEGE THROUGH THE PRESENTATION AND DISCUSSION OF A DIVERSITY OF VISUAL ARTS. THE GALLERY HAS SPECIAL RESPONSIBILITY FOR INTEGRATING THE LIBERAL ARTS VALUES OF THE COLLEGE AND THE CLASSROOM BY LINKING EXHIBITIONS TO THE BROADER CURRICULUM AND COMMUNITY. THE COLLEGE IS A MEMBER OF THE PATRIOT LEAGUE AND OFFERS A COMPREHENSIVE ATHLETIC PROGRAM AT THE NCAA DIVISION I LEVEL CONSISTING OF 27 ATHLETIC TEAMS. INTERCOLLEGIATE SPORTS FOR MEN ARE BASEBALL, BASKETBALL, CREW, CROSS COUNTRY, FOOTBALL, GOLF, ICE HOCKEY, LACROSSE, SOCCER, SWIMMING, TENNIS AND INDOOR AND OUTDOOR TRACK AND FIELD. WOMEN COMPETE IN BASKETBALL, CREW, CROSS-COUNTRY, FIELD HOCKEY, GOLF, ICE HOCKEY, LACROSSE, SOCCER, SOFTBALL, SWIMMING, TENNIS, INDOOR AND OUTDOOR TRACK AND FIELD AND VOLLEYBALL. THE COLLEGE PROMOTES WIDESPREAD INVOLVEMENT IN ATHLETICS FOR STUDENTS OF ALL SKILL LEVELS AND INTERESTS. EIGHTY PERCENT OF HOLY CROSS-STUDENTS PARTICIPATE IN SPORTS AT THE VARSITY, CLUB OR INTRAMURAL LEVELS. THE COLLEGE ALSO PERIODICALLY OPENS ITS HART RECREATION CENTER FACILITIES-INCLUDING A SIX-LANE SWIMMING POOL, ICE RINK, BASKETBALL COURTS, AND FITNESS CENTER-TO THE GENERAL PUBLIC. IN ADDITION, HOLY CROSS HOSTS SUMMER SOCCER, FOOTBALL, BASKETBALL, LACROSSE, AND FIELD HOCKEY CAMPS FOR AREA YOUTHS. THE COLLEGE PROGRAM INVITES STUDENTS TO BRING THEIR REAL WORLD EXPERIENCES INTO THE CLASSROOM, AND THEN CHALLENGES STUDENTS TO BRING THEIR CLASSROOM EXPERIENCE OUT INTO THE WORLD TO BE TESTED, STRENGTHENED AND ENHANCED. THE PROGRAM ASKS THAT STUDENTS CONSIDER THE CONTEXT-INCLUDING THE SOCIAL AND CIVIC CONTEXTS-OF THE SUBJECTS THEY STUDY. OUR GOAL IS TO CREATE A BRIDGE BETWEEN THE CLASSROOM AND THOSE INTERESTS AND EXPERIENCES OUTSIDE THE CLASSROOM THEREBY ENRICHING THE LEVEL OF DIALOGUE AND DISCUSSION. THROUGH STUDENT PROGRAMS FOR URBAN DEVELOPMENT STUDENTS ARE ABLE TO INTERACT WITH THE LOCAL COMMUNITY, TUTORING CHILDREN, SERVING AS WELFARE ADVOCATES, VOLUNTEERING, AND VISITING THE SICK AND LONELY. THEY ENCOUNTER THE EFFECTS OF GLOBALIZATION ON A LOCAL LEVEL AS THEY WORK WITH THE HOMELESS AND UNEMPLOYED. STUDENTS ALSO HAVE THE OPPORTUNITY TO SPEND BREAKS SERVING COMMUNITIES IN APPALACHIA AND ALONG THE GULF COAST, BUILDING HOUSES, CLEANING SCHOOLS AND PARKS OR SERVING IN COMMUNITY BASED ORGANIZATIONS. IT IS AN EXPERIENCE THEY WILL CARRY WITH THEM FOR THE REST OF THEIR LIVES, SERVING AS INSPIRATION FOR THEIR FUTURE STUDIES AND CAREERS. A COMMITMENT TO SHAPING MORE INFORMED, SENSITIVE AND CONSCIENTIOUS GLOBAL CITIZEN IS OUR OBLIGATION AS AN EDUCATIONAL INSTITUTION, AND IT SPEAKS DIRECTLY TO THE HEART OF OUR MISSION. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990 PART III, LINE 4B THE COLLEGE IS THE RECIPIENT OF VARIOUS GRANTS FROM PRIVATE FOUNDATIONS, CORPORATIONS OR THE US FEDERAL GOVERNMENT. THESE GRANTS FUND BASIC RESEARCH, INSTRUCTION, CURRICULUM DEVELOPMENT, OR INSTRUMENTATION OF COLLEGE LABORATORIES. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11A SENIOR MANAGEMENT OF THE COLLEGE IS RESPONSIBLE FOR DRAFTING FORM 990. THE COMPLETED DRAFT FORM 990 IS SUBMITTED FOR REVIEW TO THE COLLEGE'S TAX ADVISOR. RECOMMENDED CHANGES ARE DISCUSSED WITH SENIOR MANAGEMENT AND INCORPORATED INTO THE RETURN. THE DRAFT FORM IS THEN PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE TO ENABLE A DETAILED AND CONSCIENTIOUS REVIEW BY ALL MEMBERS OF THE COMMITTEE WITH SENIOR MANAGEMENT AND THE COLLEGE'S TAX ADVISOR. ALL QUESTIONS, CONCERNS OF THE AUDIT COMMITTEE MEMBERS WILL BE ADDRESSED AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. AFTER THE AUDIT COMMITTEE REVIEW, ALL MEMBERS OF THE BOARD OF TRUSTEES WILL BE INVITED TO REVIEW THE COMPLETED FORM 990 IN ADVANCE OF THE FILING DEADLINE VIA A DEDICATED COLLEGE WEBSITE. ALL QUESTIONS AND CONCERNS OF THE MEMBERS OF THE BOARD OF TRUSTEES WILL BE ADDRESSED BY THE TREASURER AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. AFTER ALL OF THE INPUT FROM THE BOARD OF TRUSTEES AND THE AUDIT COMMITTEE HAS BEEN APPROPRIATELY ADDRESSED, THE TREASURER OF THE COLLEGE IS AUTHORIZED TO FILE THE FORM 990. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES AND KEY EMPLOYEES ASSUME RESPONSIBILITY FOR CONSIDERING POSSIBLE CONFLICTS OF INTEREST THAT ARISE DURING SERVICE WITH THE COLLEGE. TO HELP OFFICERS, TRUSTEES AND KEY EMPLOYEES IDENTIFY POSSIBLE CONFLICTS OF INTEREST, THE COLLEGE HAS DEVELOPED A DISCLOSURE FORM THAT MUST BE COMPLETED AND UPDATED AT LEAST ANNUALLY. DURING THE COURSE OF THEIR SERVICE, THE OFFICERS, TRUSTEES AND KEY EMPLOYEES MUST ALSO DISCLOSE ANY CONFLICT OF INTEREST AS SOON AS THEY BECOME AWARE OF THE CONFLICT. THE GENERAL COUNSEL WILL REVIEW THE DISCLOSURES AND REPORT CONFLICTS OF INTEREST TO THE CHAIRMAN OF THE BOARD AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE CONSIDERS THE BEST INTERESTS OF THE COLLEGE AND THE NATURE OF THE CONFLICT. THE AUDIT COMMITTEE EVALUATES THE CIRCUMSTANCES OF THE ISSUE OR TRANSACTION TO ENSURE THAT THE PROPOSAL IS FEASIBLE, THE TERMS ARE FAVORABLE TO THE COLLEGE, AND THAT THEY HAVE CONSIDERED ANY POTENTIAL PITFALLS OF ENTERING INTO A TRANSACTION OR DECIDING AN ISSUE WHERE A CONFLICT EXISTS. THE AUDIT COMMITTEE MAY CONSIDER WHETHER ADVICE FROM COUNSEL OR OTHER INDEPENDENT ADVISORS IS NECESSARY IN PARTICULAR INSTANCES. THE AUDIT COMMITTEE WILL DELIBERATE THE REPORTED CONFLICT AND VOTE TO MAKE ONE OF TWO DETERMINATIONS; THAT NO MATERIAL CONFLICT OF INTEREST EXISTS AND THAT NO ACTION IS NECESSARY OR THAT A MATERIAL CONFLICT OF INTEREST DOES EXIST AND RECOMMEND A STRATEGY TO ADDRESS THE IDENTIFIED CONFLICT. THESE FINDINGS WILL BE COMMUNICATED TO THE CHAIRMAN OF THE BOARD AND EXECUTIVE COMMITTEE. THE MINUTES OF THE MEETING SHALL REFLECT THE NATURE OF THE CONFLICT AND THE AUDIT COMMITTEES' DETERMINATION WITH RESPECT TO THE SPECIFIC PROCEDURES THE MEMBER WILL FOLLOW REGARDING THE ISSUE OR TRANSACTION. COMPENSATION POLICY FORM 990, PART VI, SECTION B, LINE 15B THE BYLAWS (ARTICLE 2, SECTION 6) OF THE COLLEGE ESTABLISH THAT THE BOARD HAS THE AUTHORITY TO HIRE, EMPLOY AND SET THE REMUNERATION OF THE PRESIDENT AND ALL OTHER OFFICERS OF INSTRUCTIONS AND ADMINISTRATION. THE EXECUTIVE COMMITTEE IS A PERMANENT COMMITTEE OF THE BOARD THAT HAS BEEN ASSIGNED THE RESPONSIBILITY FOR EVALUATING COMPENSATION REASONABLENESS FOR ALL OFFICERS OR HIGHLY PAID. THE COMMITTEE IS COMPOSED OF FIVE TO SIX MEMBERS AND INCLUDES THE PRESIDENT WHO IS EX-OFFICIO CHAIR AND MEMBER OF THE COMMITTEE. THE PRESIDENT DOES NOT PARTICIPATE IN THE COMMITTEE DISCUSSION OR VOTE REGARDING THE EXECUTIVE'S COMPENSATION. THE COMMITTEE REVIEWS THE ENTIRE COMPENSATION PACKAGE INCLUDING BENEFITS BY: * ASSESSING THE NATURE AND SCOPE OF EACH POSITION * ASSESSING THE INDIVIDUALS HOLDING EACH POSITION INCLUDING UNIQUE BACKGROUND, EXPERIENCE, PERSONAL SKILLS, PERFORMANCE, ADDITIONAL DUTIES AND ABILITIES AND THE ABILITY TO SOLVE CHALLENGES FACING THE COLLEGE * OBTAINING APPROPRIATE AND COMPARABLE COMPENSATION MARKET DATA FROM THE FOLLOWING SOURCES - SIMILARLY SITUATED ORGANIZATIONS, BOTH FOR-PROFIT AND TAX EXEMPT FOR FUNCTIONALLY COMPARABLE POSITIONS INCLUDING COMPARATIVE DATA FROM: CUPA, OTHER JESUIT COLLEGES AND UNIVERSITIES, AND THE HAY NEW ENGLAND MARKET SURVEY; - INDEPENDENT COMPENSATION SURVEYS BY NATIONALLY RECOGNIZED INDEPENDENT FIRMS; - PERIODICALLY USE INDEPENDENT COMPENSATION CONSULTANTS TO REVIEW EXECUTIVE COMPENSATION. THE COMMITTEE DELIBERATES THE INFORMATION PROVIDED AND RELATIVE CONTRIBUTION OF EACH EXECUTIVE MEMBER BEFORE VOTING ON THE COMPENSATION PACKAGE. THE PRESIDENT IS A MEMBER OF THE SOCIETY OF JESUS. MEMBERS OF THIS RELIGIOUS ORDER TAKE A VOW OF POVERTY AND RECEIVE COMPENSATION AS AN AGENT OF THEIR RELIGIOUS ORDER. PUBLIC DISCLOSURE FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGES GOVERNING INSTRUMENTS, ARTICLES OF INCORPORATION AND BYLAWS MAY BE FOUND ON THE COLLEGE WEB SITE UNDER THE OFFICE OF THE GENERAL COUNSEL. CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE INTRANET. GENERAL ALUMNI ASSOC 1 COLLEGE STREET WORCESTER MA 01610 SUPPORT MA 136419 5624 NA HOLY CROSS CLUB OF BOSTON 1 COLLEGE STREET WORCESTER MA 01610 SUPPORT MA 0 14232 NA ALCHEMY PLAN LP 980376083 INVESTING GK NA INVESTMENT 1113308 16531666 false false AC CHARITABLE TRUST 1 COLLEGE STREET WORCESTER MA 01610 046418543 CHARITABLE TRUST MA NA TRUST 0 344194 0.67000 JF CHARITABLE REMAINDER TRUST 1 COLLEGE STREET WORCESTER MA 01610 436895350 CHARITABLE TRUST MA NA TRUST 0 243460 0.52000 false false false false false false false false false false false false false false false false true true ALCHEMY PLAN LP Q 2230852 ALCHEMY PLAN LP R 79044