Civic Intelligence

Holy Names University

EIN 94-1358307 • 501(c)3 • Oakland, CA

Profile

Holy names university, an academic community committed to the full development of each student, offers a liberal education rooted in the catholic tradition, empowering a diverse student body for leadership and service in a diverse world.

Refreshing map…

4400 Keller Ave Ste 140 Pmb 330Oakland, CA 94605

www.hnu.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

22nd percentile

0.11x

Higher debt load relative to revenue than 22% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

17th percentile

-8.2%

Higher net margin than 17% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

13th percentile

$157,985

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

22nd percentile

-1.4%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-93%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$68,805,953

Down $948,201 (-1.4%) from 2023

Liabilities

Down

$692,167

Down $3,247,307 (-82%) from 2023

Net Assets

Up

$68,113,786

Up $2,299,106 (+3.5%) from 2023

Revenue

Down

$6,399,597

Down $88,395,433 (-93%) from 2023

Expenses

Down

$6,923,651

Down $51,817,132 (-88%) from 2023

Net Income

Down

-$524,054

Down $36,578,301 (-101%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2010: $29,391,203Liabilities 2010: $9,485,011Net Assets 2010: $19,906,1922010Assets 2011: $31,126,901Liabilities 2011: $9,553,541Net Assets 2011: $21,573,3602011Assets 2012: $30,178,880Liabilities 2012: $8,254,971Net Assets 2012: $21,923,9092012Assets 2013: $35,186,537Liabilities 2013: $9,697,717Net Assets 2013: $25,488,8202013Assets 2014: $36,761,262Liabilities 2014: $9,350,358Net Assets 2014: $27,410,9042014Assets 2015: $34,360,470Liabilities 2015: $9,154,351Net Assets 2015: $25,206,1192015Assets 2016: $59,437,721Liabilities 2016: $8,869,614Net Assets 2016: $50,568,1072016Assets 2017: $67,846,031Liabilities 2017: $14,636,831Net Assets 2017: $53,209,2002017Assets 2018: $70,601,687Liabilities 2018: $18,623,922Net Assets 2018: $51,977,7652018Assets 2019: $68,221,801Liabilities 2019: $22,336,093Net Assets 2019: $45,885,7082019Assets 2020: $89,669,403Liabilities 2020: $51,727,656Net Assets 2020: $37,941,7472020Assets 2021: $93,790,592Liabilities 2021: $48,819,254Net Assets 2021: $44,971,3382021Assets 2022: $77,770,166Liabilities 2022: $49,461,473Net Assets 2022: $28,308,6932022Assets 2023: $69,754,154Liabilities 2023: $3,939,474Net Assets 2023: $65,814,6802023Assets 2024: $68,805,953Liabilities 2024: $692,167Net Assets 2024: $68,113,7862024

Highlighted filing

2024

Assets$68,805,953
Liabilities$692,167
Net Assets$68,113,786

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2010: $27,884,5312010Expenses 2011: $31,141,6552011Expenses 2012: $34,983,5442012Expenses 2013: $39,952,8702013Revenue 2014: $41,977,012Expenses 2014: $42,174,874Net Income 2014: -$197,8622014Revenue 2015: $38,972,986Expenses 2015: $41,538,500Net Income 2015: -$2,565,5142015Revenue 2016: $67,034,549Expenses 2016: $40,739,395Net Income 2016: $26,295,1542016Revenue 2017: $39,386,287Expenses 2017: $40,597,160Net Income 2017: -$1,210,8732017Revenue 2018: $41,183,278Expenses 2018: $45,090,497Net Income 2018: -$3,907,2192018Revenue 2019: $41,957,496Expenses 2019: $50,940,153Net Income 2019: -$8,982,6572019Revenue 2020: $48,221,307Expenses 2020: $57,360,664Net Income 2020: -$9,139,3572020Revenue 2021: $49,885,644Expenses 2021: $57,259,503Net Income 2021: -$7,373,8592021Revenue 2022: $45,475,653Expenses 2022: $58,228,641Net Income 2022: -$12,752,9882022Revenue 2023: $94,795,030Expenses 2023: $58,740,783Net Income 2023: $36,054,2472023Revenue 2024: $6,399,597Expenses 2024: $6,923,651Net Income 2024: -$524,0542024

Highlighted filing

2024

Revenue$6,399,597
Expenses$6,923,651
Net Income-$524,054

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.8$0.69$68.1$6.40$6.92$0.52
2023Summary only. Only limited summary data is available for this year.$69.8$3.94$65.8$94.8$58.7$36.1
2022Summary only. Only limited summary data is available for this year.$77.8$49.5$28.3$45.5$58.2$12.8
2021Summary only. Only limited summary data is available for this year.$93.8$48.8$45.0$49.9$57.3$7.37
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.7$51.7$37.9$48.2$57.4$9.14
2019Summary only. Only limited summary data is available for this year.$68.2$22.3$45.9$42.0$50.9$8.98
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$70.6$18.6$52.0$41.2$45.1$3.91
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$67.8$14.6$53.2$39.4$40.6$1.21
2016Detailed filing. Detailed filing data is available for this year.$59.4$8.87$50.6$67.0$40.7$26.3
2015Detailed filing. Detailed filing data is available for this year.$34.4$9.15$25.2$39.0$41.5$2.57
2014Detailed filing. Detailed filing data is available for this year.$36.8$9.35$27.4$42.0$42.2$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.2$9.70$25.5$40.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.2$8.25$21.9$35.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.1$9.55$21.6$31.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.4$9.49$19.9$27.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$69,168,729
Mission and Program Overview

Mission

Holy names university, an academic community committed to the full development of each student, offers a liberal education rooted in the catholic tradition, empowering a diverse student body for leadership and service in a diverse world.

The organization is transitioning from a degree granting institution to a scholarship granting organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$45,840,824$47,365,250▲ $1,524,426
Cash and Non-Interest-Bearing Accounts$123,270$10,021,434▲ $9,898,164
Investments in Publicly Traded Securities$6,452,310$8,799,869▲ $2,347,559
Savings and Temporary Cash Investments$14,873,390$2,135,960▼ $12,737,430
Accounts Receivable$527,900$297,225▼ $230,675
Other Notes and Loans Receivable, Net$56,688$103,278▲ $46,590
Pledges and Grants Receivable$1,846,877$82,937▼ $1,763,940
Prepaid Expenses and Deferred Charges$32,895$0▼ $32,895
Total Assets$69,754,154$68,805,953▼ $948,201
Liabilities
Accounts Payable and Accrued Expenses$2,051,521$325,562▼ $1,725,959
Deferred Revenue$53,386$292,684▲ $239,298
Other Liabilities$1,834,567$73,921▼ $1,760,646
Total Liabilities$3,939,474$692,167▼ $3,247,307
Net Assets / Fund Balance
Net Assets With Donor Restrictions$60,716,604$62,415,452▲ $1,698,848
Net Assets Without Donor Restrictions$5,098,076$5,698,334▲ $600,258
Total Net Assets Fund Balance$65,814,680$68,113,786▲ $2,299,106
Total Liabilities and Net Assets / Fund Balance$69,754,154$68,805,953▼ $948,201

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$5,706,576--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$55,699,258-▲ $6,479,943$4,722,396$56,525,291
2022$58,397,396$2,123,854▲ $4,289,726$4,509,080$55,699,258
2021$65,883,224$433,933▼ $4,045,150$225,428$58,397,396
2020$54,619,996$616,191▲ $14,251,356$690,808$65,883,224
2019$54,171,145$1,149,969▲ $1,473,154$0$54,619,996
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael GroenerFormer PresidentFT$157,985$157,985
Carol Sellman SnjmActing PresidentFT$112,391$112,391
Jeanine HawkCFO (thru 11/30/23)FT$32,308$32,308

Highest Paid Contractors

ContractorServicesLocationCompensation
Epicurean GroupFood Service111 MAIN ST SUITE 3, Los Altos, CA 94022$972,265
Buchalter A Professional CorporationLegal Services1000 WILSHIRE BOULEVARD SUITE 1500, Los Angeles, CA 90017-1730$525,076
Building Services System Maintenance InMaintenance & Janitorial Services2575 STANWELL DR 2ND FLOOR, Concord, CA 94520$285,365
Bay Area Teacher Training InstituteTeaching & Student Recruiting Services1714 FRANKLIN STREET SUITE 100 158, Oakland, CA 94612$277,743
Triumph Protection Group INCCampus Security Services853 COTTING COURT SUITE D, Vacaville, CA 95688$257,587
Revenue and Support

Revenue Composition

Contributions and Grants
$357,345
Program Service Revenue
$13,454
Investment Income
$6,028,798
Other Revenue
$0
All Other Contributions
$337,864
Change in Net Assets
$-524,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,588,690
Other Expenses$2,187,952
Salaries, Compensation, and Employee Benefits$1,147,009
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,522,192--$2,522,192
Grants to Domestic Individuals$1,066,498--$1,066,498
Fees for Services Other-$606,713-$606,713
Office Expenses$6,608$534,916-$541,524
Other Salaries and Wages$193,471$249,164-$442,635
Fees for Services Legal-$417,003-$417,003
Payroll Taxes-$379,532-$379,532
Fees for Services Accounting-$260,011-$260,011
Current Officers, Directors, Trustees, and Key Employees-$233,306-$233,306
Advertising-$158,541-$158,541
Fees for Service Investment Mgmnt Fees-$140,949-$140,949
Other Employee Benefits$91,536--$91,536
All Other Expenses$6,102$18,837-$24,939
Other Expenses-$22,209-$22,209
Insurance-$15,430-$15,430
Travel$247$386-$633
Total Functional Expenses$3,886,654$3,036,997$0$6,923,651
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of RedlandsRedlands, CA501(c)(3)Endowment Transfer$1,065,920
California Community FoundationLos Angeles, CA501(c)(3)Endowment Transfer$318,061
Providence Community Health FoundationMedford, OR501(c)(3)Endowment Transfer$261,092
Los Rios Colleges FoundationSacramento, CA501(c)(3)Endowment Transfer$238,212
Dominican University of CaliforniaSan Rafael, CA501(c)(3)Endowment Transfer$190,304
Jesuit High SchoolCarmichael, CA501(c)(3)Endowment Transfer$180,357
Diablo Valley College FoundationPleasant Hill, CA501(c)(3)Endowment Transfer$111,051
Kennedy-king Memorial College Scholarship FundMartinez, CA501(c)(3)Endowment Transfer$107,991
Oakland-alameda County Coliseum FoundationLafayette, CA501(c)(3)Endowment Transfer$86,682
University of San FranciscoSan Francisco, CA501(c)(3)Endowment Transfer$75,006
Samuel Merritt UniversityOakland, CA501(c)(3)Endowment Transfer$60,509
University of California DavisDavis, CA501(c)(3)Endowment Transfer$53,047
MOUNT ST MARY'S UNIVERSITYEmmitsburg, MD501(c)(3)Endowment Transfer$21,899
University of RedlandsRedlands, CA501(c)(3)Endowment Transfer$21,550

International Summary

Offices
0
Employees
0
Spending
$5,706,576

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestment-00$5,706,576
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
U.s. Government Grants Refundable$73,921
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The members of holy names university are appointed by the province leader of the sisters of the holy names of jesus and mary u.s.-ontario province.

Form 990, Part VI, Section A, Line 7A

The members of holy names university, appointed by the province leader of the sisters of the holy names of jesus and mary u.s.-ontario province, have the authority to elect the members of the university's board of trustees, to remove members from board, and to fill vacancies on the board.

Form 990, Part VI, Section A, Line 7B

The annual budget and appointment of the president are subject to approval by the members of hnu.

Form 990, Part VI, Section B, Line 11B

The form 990 was prepared by tax professionals and was reviewed by senior staff. The return was provided to the audit committee and to the governing body prior to filing.

Form 990, Part VI, Section B, Line 12C

Faculty and staff are required to abide by the conflict of interest policy, as noted in the respective faculty and staff employee handbooks. Directors/ trustees are required to abide by the board conflict of interest policy and to annually disclose if they have any conflicts of interest. Should a potential conflict be indicated, the policy provides for a review of the proposed transactions by the board to confirm that it is in the best interests of the organization.

Form 990, Part VI, Section B, Line 15

Compensation review & approval process for officers & key employees: 1. Surveys from area higher education institutions regarding salary and benefits for all employees, including officers & key employees, are gathered and reviewed 2. National surveys for compensations for higher education instructions for all employees, including officers & key employees are gather and reviewed 3. Comparability factors include size of the institutional budget, complexity of the institution, cost of living in the institution's geographic location, position requirements, and length of tenure (if available) 4. The data is made available to the executive committee of the board along with a recommendation for compensation

Form 990, Part VI, Section C, Line 19

The organization's form 990 is available on public websites and is available to the public from holy names university upon request. Its conflict of interest policy is contained in the university handbook and is also available upon request. These documents are available for the same period of time set forth in sec. 6104(d).

FORM 990, PART VII, SECTION A:

The reportable compensation for carol sellman was paid to sisters of the holy names of jesus and mary for her services performed for the university.

Filing and Contact Details

Filer

Filer Name
The Legacy Funds of Holy Names
EIN
94-1358307
Phone
5104361000
Address
4400 KELLER AVE STE 140 PMB 330, OAKLAND, CA 94605
Doing Business As
Holy Names University

Signing Officer

Name
Steven Borg
Title
Chair of the Board
Phone
5104361000
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Sellman
Formed
1880
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
11
Employees
395
Volunteers
12

Preparer

Firm
Hood & Strong Llp
Address
2580 N 1ST ST STE 460, SAN JOSE, CA 95131
Preparer
Maga E Kisriev
Phone
4089988400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Bad debt recoveries 402,461.

FORM 990, PART IV, LINE 12A AND PART XII, LINE 2B:

The financial audit of the organization by independent certified public accountants had not been completed as of the date of this form. The financial statements audit is nearing completion at the time this return is filed.

Financial Statement Notes

PART V, LINE 4:

The endowment of the university comprises approximately forty-four individual funds. Most of these funds were established to provide a permanent source of funding for scholarships. The endowment includes both donor-restricted endowment funds and funds designated by the board of trustees to function as endowments. Net assets associated with endowment funds, including funds designated by the board of trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.

Raw XML AppendixShowing 400 of 771 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0HOLY NAMES UNIVERSITY ("THE UNIVERSITY") IS AN INDEPENDENT, CATHOLIC, LIBERAL ARTS INSTITUTION OF HIGHER EDUCATION LOCATED IN OAKLAND, CALIFORNIA. THE UNIVERSITY WAS FOUNDED BY THE SISTERS OF THE HOLY NAMES OF JESUS AND MARY("SNJM"). CHARTERED BY THE STATE OF CALIFORNIA IN 1880 AND IT GRANTED BACCALAUREATE AND MASTER'S DEGREES IN LIBERAL ARTS, SCIENCE, BUSINESS, NURSING AND EDUCATION. THE UNIVERSITY PROVIDED THESE EDUCATIONAL PROGRAMS THROUGH MAY 2023 AND INTENDS TO TRANSITION FROM A DEGREE GRANTING ORGANIZATION TO A SCHOLARSHIP GRANTING ORGANIZATION AND WILL CONTINUE TO STEWARD THE ENDOWMENT FOR THE BENEFIT OF FUTURE SCHOLARSHIP RECIPIENTS AND IN KEEPING WITH THE WISHES OF ENDOWMENT DONORS. THE UNIVERSITY HAS COMMUNICATED WITH THE DIVISION OF THE CALIFORNIA STATE ATTORNEY GENERAL'S OFFICE HANDLING THE ASSETS OF NON-PROFIT ORGANIZATIONS AND EDUCATIONAL FUNDS REGARDING THE PROCESS OF GAINING APPROVAL FOR THE CHANGE TO A SCHOLARSHIP GRANTING ORGANIZATION.
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