2022-01-26T09:43:16-06:00 2021-06-30 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2020-07-01 010263385 THOMAS COLLEGE THOM 2078591111 180 WEST RIVER ROAD WATERVILLE ME 04901 JOAN PARKER-LOW CFO 2078591111 2022-01-25 1 JOAN PARKER-LOW 999009999 PATRICK NICHOLAS CPA P00289567 2077745701 2022-01-25 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z LAURIE LACHANCE 180 WEST RIVER ROAD WATERVILLE ME 04901 48065997 0 3913 X WWW.THOMAS.EDU X 1894 ME THOMAS COLLEGE PREPARES STUDENTS FOR SUCCESS IN THEIR PERSONAL AND PROFESSIONAL LIVES, AND FOR LEADERSHIP AND SERVICE IN THEIR COMMUNITIES. THOMAS PROVIDES A SUPPORTIVE LEARNING ENVIRONMENT THAT VALUES THE NEEDS AND GOALS OF INDIVIDUAL STUDENTS. 21 20 410 0 0 0 6031264 9814067 24734974 26450766 1242934 2363289 324492 120760 32333664 38748882 10227852 12542202 0 0 12575780 11505730 162000 60000 796413 6719313 9977968 29684945 34085900 2648719 4662982 77306149 85116771 16734291 15701452 60571858 69415319 X THOMAS COLLEGE PREPARES STUDENTS FOR SUCCESS IN THEIR PERSONAL AND PROFESSIONAL LIVES, AND FOR LEADERSHIP AND SERVICE IN THEIR COMMUNITIES. THOMAS PROVIDES A SUPPORTIVE LEARNING ENVIRONMENT THAT VALUES THE NEEDS AND GOALS OF INDIVIDUAL STUDENTS. AT THOMAS, STUDENTS DISCOVER AND FULFILL THEIR UNIQUE POTENTIAL. EACH PROGRAM AT THE COLLEGE PROMOTES PROFESSIONAL EXCELLENCE, INFORMED BY ETHICS AND INTEGRITY. 0 0 29261516 12542202 26450766 INSTRUCTION - UNDERGRADUATE AND GRADUATE EDUCATION OFFERING ASSOCIATES, BACHELOR AND MASTERS DEGREE PROGRAMS CONCENTRATING IN BUSINESS, EDUCATION, TECHNOLOGY, CRIMINAL JUSTICE AND PSYCHOLOGY TO APPROXIMATELY 900 FULL-TIME STUDENTS AND 180 PART-TIME. 29261516 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 53 0 1 410 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 ME X JOAN PARKER-LOW 2078591111 180 WEST RIVER ROAD WATERVILLE ME 04901 CLIFFORD ABBOTT JR TRUSTEE 1.00 X 0 0 0 MICHAEL DAPPOLONIA TRUSTEE 1.00 X 0 0 0 JIM DOYLE TRUSTEE 1.00 X 0 0 0 WILLIAM DUBAY TRUSTEE 1.00 X 0 0 0 HOLLY D FERGUSON TRUSTEE 1.00 X 0 0 0 ROBIN GOODWIN TRUSTEE 1.00 X 0 0 0 CHARLES JOHNSON TRUSTEE 1.00 X 0 0 0 MEREDITH JONES TRUSTEE 1.00 X 0 0 0 DANIELLE MARQUIS TRUSTEE 1.00 X 0 0 0 JOSEPH B MOORE TRUSTEE 1.00 X 0 0 0 CARY OLSON-CARTWRIGHT TRUSTEE 1.00 X 0 0 0 DORCAS RILEY TRUSTEE 1.00 X 0 0 0 GREGORY SAVARD TRUSTEE 1.00 X 0 0 0 KELLEY B SHIMANSKY TRUSTEE 1.00 X 0 0 0 RICHARD SPELLMAN TRUSTEE 1.00 X 0 0 0 CONRAD AYOTTE CO-CHAIRPERSON 1.00 X X 0 0 0 BRIAN BERNATCHEZ 1ST VICE CHAIR 1.00 X X 0 0 0 DOUGLAS CUTCHIN 2ND VICE CHAIR 1.00 X X 0 0 0 TODD SMITH CO-CHAIRPERSON 1.00 X X 0 0 0 KENNETH VIENS SECRETARY 1.00 X X 0 0 0 LAURIE LACHANCE PRESIDENT 40.00 X X 299804 0 48175 BERNARD OUELLETTE EXECUTIVE VICE PRESIDENT 40.00 X 204161 0 47493 JOAN PARKER LOW TREASURER 40.00 X 113734 0 28297 THOMAS EDWARDS VP ACADEMIC AFFAIRS 40.00 X 169787 0 33336 ERIN BALTES VP OF ADVANCEMENT 40.00 X 126137 0 9287 DONALD CRAGEN PROFESSOR 40.00 X 148471 0 26112 BETH GIBBS CONSULTANT 40.00 X 138511 0 19000 CHRISTOPHER RHODA VP FOR INFORMATION SERVICES 40.00 X 130852 0 50282 EDMUND CERVONE EXECUTIVE DIRECTOR CENTER FOR INNOVATION 40.00 X 128621 0 9141 LISA DESAUTELS-POLIQUIN VP FOR STUDENT AFFAIRS 40.00 X 129471 0 27486 1589549 0 298609 16 0 1 0 SODEXO INC & AFFILIATES 200 FIFTH AVENUE 4TH FLOOR WALTHAM MA 02451 DINING SERVICES 1268388 CLINICAL RESEARCH SEQUENCING PLATFORM LL 415 MAIN STREET CAMBRIDGE MA 021421401 COVID TESTING 432500 JS MCCARTHY 15 DARIN DRIVE AUGUSTA ME 043309479 PRINTING 200248 UP & UP 504 RHETT STREET SUITE 100 GREENVILLE SC 296010000 MARKETING/STUDENT SEARCH 170000 PASKILL STAPLETON & LORD ONE ROBERTS AVE GLENSIDE PA 190383497 MARKETING/STUDENT SEARCH 165929 6 10666 5090281 4713120 562709 9814067 TUITION AND FEES 611600 26341794 26341794 OTHER FEES 611600 108972 108972 26450766 449687 449687 31433 0 31433 31433 31433 11202500 9288898 1913602 1913602 1913602 112837 10666 28217 84620 84620 BOOKSTORE 451211 4707 4707 4707 38748882 26450766 0 2484049 12542202 12542202 913623 169787 617699 126137 8250171 6908913 1043995 297263 410870 296019 103931 10920 1312082 945313 331896 34873 618984 487305 106531 25148 60000 60000 329732 130581 192901 6250 442506 406389 36117 1754958 1706520 48438 379 68 184 127 47821 40570 5732 1519 364237 364027 210 1848466 1795374 53092 115225 58972 56253 FOOD SERVICE 1079707 1079707 OTHER OPERATING EXPENSE 961919 648967 167589 145363 BAD DEBTS 185968 22459 163509 ATHLETICS 163082 152392 10690 2683968 1505951 1089204 88813 34085900 29261516 4027971 796413 349973 0 8783913 10441757 4099494 4016952 442479 1322185 476771 250902 15877 14151 155289 114242 66416746 26670159 40998979 39746587 21925632 29138245 57742 71750 77306149 85116771 1790087 1924697 404502 598502 9442289 8805491 71200 53208 3264924 3045263 1761289 1274291 16734291 15701452 X 39323387 41138507 21248471 28276812 60571858 69415319 77306149 85116771 X 4662982 3862134 318345 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 71200 371400 389392 53208 1 14776610 1204896 4486775 447500 20020781 13670652 512280 1035128 441450 14776610 12430590 587646 1073866 421450 13670652 11343763 268976 1225330 407479 12430590 10150814 190173 1389176 386400 11343763 0.00000 0.53000 0.47000 0 0 1871985 1871985 36458358 10552350 25906008 22553505 11116451 11437054 5532898 5001358 531540 39746587 DUE TO FEDERAL GOV'T PERKINS LOANS 307052 STUDENT DEPOSITS 120950 ASSET RETIREMENT OBLIGATION 398500 INTEREST RATE SWAP 447789 1274291 32169548 4180479 28217 4208696 27960852 10788030 10788030 38748882 23326087 28217 28217 23297870 10788030 10788030 34085900 PART V, LINE 4: THE ENDOWMENT FUNDS ARE HELD IN PERPETUITY WITH THE INCOME BEING USED PRIMARILY FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS TO STUDENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 28,217. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 10,788,030. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 28,217. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 10,788,030. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THOMAS COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ALL ADMISSIONS APPLICATIONS, COURSE CATALOGS AND ON-LINE ADMISSIONS MATERIAL. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FUNDS FROM VARIOUS PROGRAMS OF THE UNITED STATES DEPARTMENT OF EDUCATION, SUCH AS THE FEDERAL PERKINS LOAN PROGRAM, THE FEDERAL WORK STUDY PROGRAM, AND THE FEDERAL PELL PROGRAM. THESE FUNDS ALLOW THE COLLEGE TO HELP STUDENTS TO FINANCE THE COST OF THEIR EDUCATION. X X X X 1 COMMUNITY COUNSELING SERVICES PO BOX 824885 PHILADELPHIA PA 191824885 CONSULTING 0 0 60000 0 60000 GOLF TOURNAMENT 123503 10666 112837 13809 10000 4064 344 123503 10666 112837 13809 10000 4064 344 28217 84620 1 SCHOLARSHIPS AND AID 786 10788030 SCHOLARSHIPS HIGHER ED. EMERGENCY RELIEF FUNDS 781 1754172 COVID 19 RELIEF GRANTS PART I, LINE 2: THE COLLEGE'S FINANCIAL AID OFFICE AWARDS SCHOLARSHIPS TO STUDENTS BASED ON ESTABLISHED FEDERAL AND COLLEGE POLICIES. AWARDS ARE CREDITED TO THE STUDENTS' ACCOUNT AT THE COLLEGE AS CREDITS TO TUITION AND OTHER FEES. 1 X X X 0 0 0 0 0 0 0 0 0 LAURIE LACHANCE PRESIDENT 269804 0 30000 0 0 0 16042 0 32133 0 347979 0 0 0 BERNARD OUELLETTE EXECUTIVE VICE PRESIDENT 194161 0 10000 0 0 0 12654 0 34839 0 251654 0 0 0 THOMAS EDWARDS VP ACADEMIC AFFAIRS 159787 0 10000 0 0 0 9728 0 23608 0 203123 0 0 0 CHRISTOPHER RHODA VP FOR INFORMATION SERVICES 125852 0 5000 0 0 0 16958 0 33324 0 181134 0 0 0 DONALD CRAGEN PROFESSOR 143921 0 4550 0 0 0 17219 0 8893 0 174583 0 0 0 BETH GIBBS CONSULTANT 128511 0 10000 0 0 0 13496 0 5504 0 157511 0 0 0 LISA DESAUTELS-POLIQUIN VP FOR STUDENT AFFAIRS 119471 0 10000 0 0 0 16050 0 11436 0 156957 0 0 0 A MAINE HEALTH & HIGHER ED MHHEFA 2014A 010314384 560427W77 2014-07-01 3502120 RESIDENCE HALL 0 0 1 B MAINE HEALTH & HIGHER ED MHHEFA 2010B 010314384 560427JA5 2010-06-24 1560000 BUILDINGS 0 0 1 C CITY OF WATERVILLE 016000037 000000000 2015-07-16 4507500 RESIDENCE HALL 0 0 0 D FINANCE AUTHORITY OF MAINE 010392006 000000000 2015-07-16 3342500 RESIDENCE HALL 0 0 0 A 902120 3502120 266706 40516 3194898 1 0 1 1 B 1206789 1681789 178862 38067 1464860 1 0 1 1 C 853226 4507500 69050 4438450 0 0 1 1 D 612601 3342500 78178 3264322 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 PART II, LINE 3B FOR MAINE HEALTH & HIGHER ED MHHEFA 2010B, THE DIFFERENCE BETWEEN ISSUE PRICE AND GROSS PROCEEDS IS DUE TO A BOND ISSUANCE PREMIUM. X 3 562709 MARKET 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE 990 IS PREPARED BY THE OUTSIDE ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT. THE FINANCE COMMITTEE APPROVES THE 990. A COPY IS PROVIDED TO EACH BOARD MEMBER AT THE JANUARY MEETING FOR REVIEW, PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD OF TRUSTEE MEMBER IS PROVIDED WITH THE ORGANIZATION'S WRITTEN CONFLICT OF INTEREST POLICY. TRUSTEE MEMBERS ARE ASKED TO DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. SHOULD A MATTER ARISE IN WHICH A TRUSTEE HAS A CONFLICT, HE/SHE WILL RECUSE THEMSELVES FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES USES COLLEGE AND UNIVERSITY SURVEY DATA AS WELL AS A REVIEW OF PERFORMANCE WHEN THEY VOTE ON COMPENSATION FOR THE PRESIDENT. THE PRESIDENT USES COMPARATIVE DATA AS WELL AS A REVIEW OF PERFORMANCE IN DETERMINING COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THOMAS C0LLEGE PROVIDES POLICIES AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 318,345. ROUNDING THOMAS COLLEGE FOUNDATION 180 WEST RIVER ROAD WATERVILLE ME 04901 010539159 DORMANT ME 501(C)(3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0