Trustees of the College of the Holy Cross
86% goes to programs $29 to raise $100 Strong reserves
Trustees of the College of the Holy Cross is a 501(c)(3) organization based in Worcester, Massachusetts, registered in 1969, with $350,759,122 in FY2023 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
1 College St, Worcester, MA, 01610 EIN 04-2103558 Since 1969
Revenue (FY2023)
$350.8M
▲ 13.8% vs prior year
Education median: $200K
Expenses (FY2023)
$321.6M
Net assets
$1.4B
Employees
3,281
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating86% to programs · $29 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Trustees of the College of the Holy Cross: 86% to programs · $29 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating52 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Trustees of the College of the Holy Cross: 52 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Trustees of the College of the Holy Cross: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Trustees of the College of the Holy Cross: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
College of the holy cross is a private, jesuit, catholic, liberal arts college (see schedule o).
What they do
Basic research in chemistry, physics, psychology, and biology, funded by private and public grants.
Contact & location
- Address
- 1 College St, Worcester, MA, 01610
- City
- Worcester
- State
- Massachusetts
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $255.4M (FY2013) to $350.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $267.8MNet assets $1.4B
Operating margin
8.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$267.8M
Net assets
$1.4B
Salaries & benefits
$138.3M
43% of expenses
Board members
37
35 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $350,759,122▲13.8% | $321,622,461▲1.4% | $1,399,418,640▲5.8% | $1,667,203,048▲3.6% | 990 |
| 2022 | $308,222,391▼12.8% | $317,229,056▲3.3% | $1,322,342,897▲3.9% | $1,609,954,174▲1.8% | 990 |
| 2021 | $353,583,327▼9.6% | $307,194,493▲26.2% | $1,273,010,378▼3.2% | $1,582,228,068▼2.2% | 990 |
| 2020 | $390,930,140▲47.4% | $243,486,939▼6.8% | $1,314,492,997▲28.6% | $1,618,001,532▲22.6% | 990 |
| 2019 | $265,241,305▼0.3% | $261,383,323▲0.9% | $1,022,335,040▼1.4% | $1,320,181,892▲5.0% | 990 |
| 2018 | $265,995,501▼6.2% | $259,073,372▲5.8% | $1,036,993,070▲1.0% | $1,257,371,030▲2.0% | 990 |
| 2017 | $283,514,838▲10.8% | $244,903,504▲6.7% | $1,026,519,741▲7.4% | $1,233,091,689▲4.6% | 990 |
| 2016 | $255,812,951▲12.0% | $229,562,161▲3.2% | $955,483,824▲10.4% | $1,178,933,055▲7.1% | 990 |
| 2015 | $228,404,886▼25.8% | $222,470,644▲2.7% | $865,293,723▼4.2% | $1,100,921,095▲1.1% | 990 |
| 2014 | $307,702,304▲20.5% | $216,628,591▲5.9% | $903,562,715▲8.1% | $1,088,802,644▲5.9% | 990 |
| 2013 | $255,399,867 | $204,533,252▲1.6% | $835,657,448▲15.5% | $1,028,055,784▲12.0% | 990 |
| 2012 | — | $201,233,355▲6.0% | $723,654,650▲10.3% | $918,104,794▲5.5% | 990 |
| 2011 | — | $189,871,714▲3.7% | $655,856,976▼2.4% | $870,449,505▼1.5% | 990 |
| 2010 | — | $183,055,383▲2.7% | $672,288,496▲16.8% | $883,508,989▲10.6% | 990 |
| 2009 | — | $178,245,092 | $575,789,179 | $798,803,213 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Vincent D Rougeau — $709,915 (0.22% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Vincent D Rougeau | President | 45 | $709,915 |
| Dorothy A Gagnon | Svp of Admin & Finance/treasurer | 45 | $508,682 |
| Kolleen Rask | Professor (thru 09/2023) | 45 | $415,935 |
| Predrag Cicovacki | Professor (thru 09/2023) | 45 | $412,745 |
| Robert Chesney | Head Football Coach (thru 12/2023) | 45 | $365,435 |
| Heather Hayes | Senior Vp & Chief of Staff | 45 | $333,227 |
| Elizabeth Small | Vp, General Counsel | 45 | $325,312 |
| Margaret Freije | Professor | 45 | $308,147 |
| Michele Murray | Svp of Student Affairs/dos | 45 | $271,534 |
| Elizabeth Dionne | Avp For Finance & Asst Treasurer | 45 | $265,778 |
| Elliott Visconsi | Provost & Dean of the College | 45 | $229,306 |
| Daniel Ricciardi | Avp and Asst Treasurer | 45 | $185,261 |
| Tracy Barlok | Former Vp For Advancement | 45 | $167,292 |
| Melanie Mitchell-puchulu | Sr Exec Asst For Pres. & Asst Sec. | 45 | $94,855 |
| Andrew J Garavel Sj | Trustee | 3 | — |
| Anne F Harris | Trustee | 3 | — |
| Beatriz Pina Smith | Trustee | 3 | — |
| Brendan J Swords | Trustee | 3 | — |
| Carol Donovan Juel | Trustee | 3 | — |
| Catherine C Burke | Trustee | 3 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Strategic Investment Group | Investment Management | $2,344,155 |
| Silchester International Investors Inc | Investment Management | $481,531 |
| Moth Design Inc | Website Design | $233,440 |
| Shawmut Advertising Inc | Advertising | $209,874 |
| Cantina Consulting Inc | Consulting | $203,056 |
Grants received · $53.2M total
237 grants to Trustees of the College of the Holy Cross totaling $53.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $75K in FY2021
1 grant totaling $75K in FY2021. All grants made by Trustees of the College of the Holy Cross →
| Recipient | Purpose | Amount |
|---|---|---|
| Town of West Boylston | Public library support | $75,000 |
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Frequently asked questions
- Is Trustees of the College of the Holy Cross a legitimate nonprofit?
- Yes. Trustees of the College of the Holy Cross is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2103558, based in Worcester, Massachusetts. Donations are tax-deductible.
- What is Trustees of the College of the Holy Cross's EIN?
- Trustees of the College of the Holy Cross's Employer Identification Number (EIN) is 04-2103558.
- How much revenue does Trustees of the College of the Holy Cross report?
- Trustees of the College of the Holy Cross reported $350,759,122 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Trustees of the College of the Holy Cross's spending goes to programs?
- Trustees of the College of the Holy Cross spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Trustees of the College of the Holy Cross have?
- CharityIndex grades Trustees of the College of the Holy Cross A, based on program efficiency and fundraising cost.
- How much does Trustees of the College of the Holy Cross's highest-paid employee make?
- The highest reported compensation on Trustees of the College of the Holy Cross's latest Form 990 is $709,915, paid to Vincent D Rougeau (President).
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Data for Trustees of the College of the Holy Cross (EIN 04-2103558) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.