2023-05-10T09:59:19-05:00 2022-06-30 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2021-07-01 042002060 THE SISTERS OF SAINT ANN INC SIST 5088493300 50 SUNSET LANE PAXTON MA 01612 MICHAEL G MIERS EXECUTIVE VP/CIO 5088493394 2023-05-05 1 MICHAEL MIERS 999009999 MARK G WOJCICKI P01746737 5087557107 2023-05-05 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ANNA MARIA COLLEGE MARY LOU RETELLE 50 SUNSET LANE PAXTON MA 01612 61021077 0 X WWW.ANNAMARIA.EDU X 1887 MA PROVIDE EDUCATION TO THE GENERAL PUBLIC. 24 22 644 11 0 0 7548236 9217789 44751361 44954120 1278599 1402015 178359 207902 53756555 55781826 22879851 22886457 0 0 13851428 15484021 0 0 778530 14817778 16295628 51549057 54666106 2207498 1115720 54188559 48444135 30706426 25680883 23482133 22763252 X AS A CATHOLIC INSTITUTION INSPIRED BY THE IDEALS OF THE SISTERS OF SAINT ANNE, ANNA MARIA COLLEGE EDUCATES STUDENTS TO BECOME INDIVIDUALS WHO WILL TRANSFORM THEIR WORLD AS ETHICAL LEADERS AND COMMUNITY-ORIENTED PROFESSIONALS. 0 0 47172912 22886457 45162022 HIGHER EDUCATION: EDUCATION, HOUSING, MEALS, EXTRA CURRICULAR ACTIVITIES AND BOOKSTORE FOR 1,782 STUDENTS AT THE UNDERGRADUATE AND GRADUATE LEVELS FOR TRADITIONAL AGED STUDENTS AS WELL AS ADULT STUDENTS. THE COLLEGE HOLDS TWO SUMMER SESSIONS, A FALL TERM, WINTER TERM, AND SPRING TERM. SOME GRADUATE COURSES ARE ACCELERATED AND HAVE TWO TERMS WITHIN THE SEMESTER. THE COLLEGE OFFERS OVER 30 UNDERGRADUATE DEGREE PROGRAMS AND OVER 20 GRADUATE AND CONTINUING EDUCATION PROGRAMS. POPULAR MAJORS INCLUDE NURSING; RN-TO-BSN PROGRAM AND A BACHELOR OF SCIENCE NURSING PROGRAM, EMS, PARAMEDIC SCIENCE, BUSINESS, CRIMINAL JUSTICE, SOCIAL WORK, AND PSYCHOLOGY. THE COLLEGE ALSO OFFERS SPECIAL MAJORS SUCH AS ART THERAPY, SPORTS MANAGEMENT, AND MUSIC THERAPY. FIFTH-YEAR MASTER'S OPTIONS ARE AVAILABLE IN BUSINESS ADMINISTRATION, COUNSELING PSYCHOLOGY, CRIMINAL JUSTICE, PASTORAL STUDIES/COUNSELING, AND VISUAL ART. POPULAR GRADUATE PROGRAMS INCLUDE AN ACCELERATED MBA AND MPA, AS WELL AS TRADITIONAL SEMESTER CRIMINAL JUSTICE. CO-CURRICULAR PROGRAMS ABOUND AT THE COLLEGE INCLUDING 13 COMPETITIVE SPORTS TEAMS. 47172912 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 108 0 1 644 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X LINDSEY CHARTIER 5088493441 ANNA MARIA COLLEGE 50 SUNSET LANE PAXTON MA 01612 DENNIS J THOMPSON TRUSTEE 2.00 X 0 0 0 KATERI MITCHELL SSA TRUSTEE 2.00 X 0 0 0 RITA M DEROYSSA TRUSTEE/SECRETARY 2.00 X X 0 0 0 ROBERT E PAULSEN JR TRUSTEE 2.00 X 0 0 0 ABRAHAM W HADDAD DMD TRUSTEE 2.00 X 0 0 0 MAUREEN A GRIFFIN TRUSTEE 2.00 X 0 0 0 DAVID H SMITH CPA TRUSTEE 2.00 X 0 0 0 REV RICHARD F REIDY TRUSTEE 2.00 X 0 0 0 JOHN J SPILLANE ESQ CHAIR/TRUSTEE 2.00 X X 0 0 0 MICHAEL T NOCKUNAS TRUSTEE 2.00 X 0 0 0 CHRISTOPHER M POWERS TRUSTEE 2.00 X 0 0 0 MARY LOU RETELLE PRESIDENT/TRUSTEE 35.00 X X 555780 0 36773 KIMBERLY A KENNEDY TRUSTEE/VICE CHAIR 2.00 X X 0 0 0 JULIA M MCNAMARA PHD TRUSTEE 2.00 X 0 0 0 MICHAEL G MIERS VP ADMINISTRATION/CIO/TREASURER 35.00 X X 220764 0 38459 PETER J DAWSON ESQ TRUSTEE 2.00 X 0 0 0 BARBARA G LYMAN PHD TRUSTEE 2.00 X 0 0 0 TIMOTHY P MURRAY ESQ TRUSTEE 2.00 X 0 0 0 STEPHEN H YERDON TRUSTEE 2.00 X 0 0 0 JOHN L SHEA TRUSTEE 2.00 X 0 0 0 GERARD A DIO TRUSTEE 2.00 X 0 0 0 YVETTE E BELLEROSE SSA TRUSTEE 2.00 X 0 0 0 DAVID P TRAINOR ESQ TRUSTEE 2.00 X 0 0 0 DIANE E GOULD TRUSTEE 2.00 X 0 0 0 CHRISTINE HOLMES VP FOR ACADEMIC AFFAIRS 35.00 X 177328 0 0 ALEXANDER MOWATT VP FINANCE/CFO 35.00 X 174619 0 8357 JOHN W HAMEL VP ENROLLMENT MANAGEMENT 35.00 X 175784 0 15300 1304275 0 98889 5 0 1 0 SODEXO INC & AFFILIATES 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 1938888 WILEY EDU LLC 111 RIVER STREET HOBOKEN NJ 070305774 ON-LINE EDUCATION SERVICES 1380987 FALLON HEALTH 10 CHESTNUT STREET WORCESTER MA 01608 HEALTHCARE 1186047 ALLWAYS HEALTH PARTNERS 399 REVOLUTION DRIVE SOMERVILLE MA 02145 HEALTHCARE 954217 TOWN OF PAXTON 697 PLEASANT STREET PAXTON MA 01612 SECURITY 620011 5 6680430 2537359 1338822 9217789 TUITION AND FEES 611710 38974076 38974076 ROOM AND BOARD 611710 5980044 5980044 44954120 352762 352762 167555 28941 138614 138614 138614 6259563 5210310 1049253 1049253 1049253 32575 0 32575 32575 MISCELLANEOUS 611710 28964 28964 COMMISSIONS 611710 7749 7749 36713 55781826 45162022 0 1402015 22886457 22886457 468069 468069 12342395 10182692 1749466 410237 376058 261722 102011 12325 1300156 904857 352687 42612 997343 694111 270544 32688 222350 104327 104825 13198 61000 28621 28758 3621 61576 61576 2576504 1208890 1214676 152938 114613 72405 24603 17605 204752 41430 148991 14331 1139566 901276 238290 652113 549442 29525 73146 873010 870308 2702 2184950 2032005 152945 334863 334863 RECRUITING 2017114 1968257 48857 FOOD SERVICE 1779856 1779856 VENDOR SERVICES 1437836 1337188 100648 SUPPLIES 580837 504192 71026 5619 2054688 844876 1209602 210 54666106 47172912 6714664 778530 5480596 3063621 2327610 2425109 3727704 2156088 1073989 940226 652131 601684 366218 443289 66998291 39578518 28672815 27419773 11887496 11281221 113124 54188559 48444135 1812714 1978055 2190750 1944788 21751037 20994736 4951925 763304 30706426 25680883 X 19817250 17847437 3664883 4915815 23482133 22763252 54188559 48444135 X 1115720 -3178791 1344190 X 0 0 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 7190015 22355 -1022130 368902 5821338 6022423 29380 1448730 310518 7190015 5561223 16755 705716 261271 6022423 5152861 49951 610406 251995 5561223 4769545 23849 591421 231954 5152861 0.76590 0.23410 0 0 113480 113480 41813729 20353589 21460140 10060535 6404098 3656437 9391366 8074040 1317326 5619181 4746791 872390 27419773 STUDENT DEPOSITS 225180 ASSETS HELD FOR FEDERAL PERKINS LOAN PROGRAM 501627 AGENCY FUNDS 36497 763304 31364508 -3178791 1527563 -1651228 33015736 61576 22704514 22766090 55781826 32083389 183373 183373 31900016 61576 22704514 22766090 54666106 PART III, LINE 4: THE ORGANIZATION HAS A COLLECTION OF RELIGIOUS HISTORIC ARTIFACTS THAT ARE ON DISPLAY IN BUILDINGS THAT ARE OPEN TO THE PUBLIC. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF INDIVIDUAL DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE COLLEGE TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. ENDOWMENT FUNDS INCLUDE INVESTED GIFTS AND CASH. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE COLLEGE CLASSIFIES AS DONOR RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED AS NON-EXPENDABLE NET ASSETS IS CLASSIFIED AS EXPENDABLE NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE COLLEGE IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, THE COLLEGE MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND; THE PURPOSES OF THE COLLEGE AND THE DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF THE COLLEGE; AND THE INVESTMENT POLICIES OF THE COLLEGE. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS BOARD-DESIGNATED AND OTHER ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE BOARD, THE ENDOWMENT ASSETS ARE INVESTED IN A PORTFOLIO OF DEBT AND EQUITY SECURITIES WITH THE OBJECTIVE OF ACHIEVING LONG-TERM CAPITAL APPRECIATION WHILE MODERATING THE LEVEL OF INVESTMENT RISK. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE COLLEGE RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE COLLEGE HAS INVESTED IN DEBT AND EQUITY SECURITIES THAT TARGET A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE COLLEGE HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 5.00% OF THE TWELVE QUARTER AVERAGE FAIR MARKET VALUE OF THE ENDOWMENT CALCULATED AS OF JUNE 30 FOR THE PRECEDING THE YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE COLLEGE CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH THE COLLEGE'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR IMPOSED RESTRICTIONS REQUIRE THE COLLEGE TO RETAIN AS A FUND OF PERPETUAL DURATION. THE COLLEGE MAY APPROPRIATE FOR EXPENDITURE FROM THESE UNDERWATER ENDOWMENT FUNDS IN ACCORDANCE WITH THE PRUDENT MEASURES PRESCRIBED BY STATE LAW. SUCH DEFICIENCIES AMOUNTED TO $52,092 AND $26,437 AS OF JUNE 30, 2022 AND 2021, RESPECTIVELY, WITH AN ORIGINAL GIFT VALUE OF $180,016 AND $46,325 AS OF 2022 AND 2021, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: HEDGING INSTRUMENT 1,498,622. RENT EXPENSES 28,941. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 22,704,514. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE ACCOUNT EXPENSE 154,432. RENT EXPENSES 28,941. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 22,704,514. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NOTICES OF THE SCHOOL'S DISCRIMINATION POLICY ARE MAILED TO EACH STUDENT AND ARE POSTED ON CAMPUS BULLETIN BOARDS. THE POLICY IS INCLUDED IN SCHOOL BROCHURES, SCHOOL CATALOGS, NEWSPAPER ADVERTISEMENTS AND, IS ALSO POSTED ON THE INTERNET. SCHEDULE E, PART I, LINE 6 ANNA MARIA RECEIVES CONTRIBUTIONS FROM THE GOVERNMENT IN THE FORM OF GRANTS. 1 SCHOLARSHIPS/GRANTS 1404 22137071 PART I, LINE 2: SCHEDULE I, PART 1, LINE 2: ANNA MARIA COLLEGE PARTICIPATES IN TITLE IV FUNDING. STUDENTS MUST COMPLETE THE FAFSA FORM TO APPLY FOR AID. X X 1 1 X X X 0 0 0 0 0 0 0 1 0 MARY LOU RETELLE PRESIDENT/TRUSTEE 475780 0 50000 0 30000 0 14894 0 21879 0 592553 0 0 0 MICHAEL G MIERS VP ADMINISTRATION/CIO/TREASURER 210764 0 10000 0 0 0 16431 0 22028 0 259223 0 0 0 JOHN W HAMEL VP ENROLLMENT MANAGEMENT 165784 0 10000 0 0 0 15300 0 0 0 191084 0 0 0 ALEXANDER MOWATT VP FINANCE/CFO 167119 0 7500 0 0 0 0 0 8357 0 182976 0 0 0 CHRISTINE HOLMES VP FOR ACADEMIC AFFAIRS 167328 0 10000 0 0 0 0 0 0 0 177328 0 0 0 PART I, LINE 7 INCLUDED IN TAXABLE BENEFITS FOR THE PRESIDENT IS A HOUSING AND VEHICLE ALLOWANCE FOR $30,000. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2017-11-01 24500000 REFINANCE/CONSTRUCTION 0 0 0 A 3573406 24568142 313651 1431859 2018 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 CITIZENS BANK NA 9.500000000000 0 0 0 0 1 A 1 FORM K, ADDITIONAL INFORMATION DIFFERENCE BETWEEN THE TOTAL PROCEEDS IN PART I, COLUMN E, AND PART II, LINE 3 IS INVESTMENT EARNINGS OF $68,142. X 7 1338822 NYSE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE REVIEWED BY THE FINANCE AND AUDIT COMMITTEE, THE EXECUTIVE COMMITTEE, THEN WILL BE REVIEWED BY THE FULL BOARD IN WINTER 2023. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES REVIEWS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO ENSURE THAT THE COLLEGE'S BOARD OF TRUSTEES, OFFICERS, AND EMPLOYEES ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT. FORM 990, PART VI, SECTION B, LINE 15 THE FINANCE AND AUDIT COMMITTEE MAKES A RECOMMENDATION TO THE FULL BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE REVIEWS THE RECOMMENDATION AND THEN RECOMMENDS APPROVAL TO THE FULL BOARD OF TRUSTEES. IT IS THEN REVIEWED AND APPROVED BY THE FULL BOARD OF TRUSTEES IN WINTER 2023. FORM 990, PART VI, SECTION C, LINE 19 THE 990 IS LISTED AS PART OF THE GUIDESTAR REPORTING TOOL WHICH HAS PUBLIC ACCESS. FORM 990, PART XI, LINE 9: CHANGE IN HEDGING INSTRUMENT 1,498,622. UNCOLLECTIBLE ACCOUNTS EXPENSE -154,432.