May 2 will be the final day students walk through the doors of Notre Dame College. On Thursday evening, the board of the South Euclid school announced that it will be ending its 102-year-long operations in Northeast Ohio this spring, and sending students elsewhere, despite years of attempts to save itself from financial ruin.
On Thursday evening, the board of the South Euclid school announced that it will be ending its 102-year-long operations in Northeast Ohio this spring, and sending students elsewhere, despite years of attempts to save itself from financial ruin., Notre Dame admins began talking this November in earnest about the viability of a healthy spring semester.
Those lives of global responsibility will most likely be happening locally for most of Notre Dame's 1,400 students. As per the school's new partnerships, finalized in February, students with over 60 accumulated credits under their belt will be able to transfer to one of nine nearby schools, which include: Baldwin Wallace, Cleveland State, Hiram, John Carroll, Kent State, Lake Erie, Ursuline, Walsh and Mercyhurst in Erie, Pennsylvania.
Despite averaging a net income of $468,864 since 2011, the Notre Dame's books may have been thrown by its Covid-era contributions in 2019, 2020 and 2021, when the school reported gains of $2.4 million, $1.4 million and $1.9 million. Last year, with 83 percent of its revenue hailing from"program services," the school ended its year at a loss of $823,389, its worst of the past 11 years.
Working"tirelessly for years on multiple fronts," the release stated, the board tried refinancing debt, combining these American Rescue Plan Act dollars and state grants, even leveraging its own centennial celebration as a 100-year fundraising campaign.
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