2019-02-21T09:22:34-06:00 2018-06-30 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2017-07-01 042002060 THE SISTERS OF SAINT ANN INC SIST 5088493333 50 SUNSET LANE PAXTON MA 01612 MARY LOU RETELLE PRESIDENT 5088493333 2019-02-06 1 BARBARA E KING P00005629 5087557107 2019-02-06 71.11.10.178 2019-02-06 17:38:59 ES P 572F2072D963F6946FC1DF8BF874B65DB477EE7A 954A65DB1995863A37271E4766999F33303993D7 2017 2019-02-21 02:37:17Z ANNA MARIA COLLEGE MARY LOU RETELLE 50 SUNSET LANE PAXTON MA 01612 45482790 0 X WWW.ANNAMARIA.EDU X 1887 MA PROVIDE EDUCATION TO THE GENERAL PUBLIC. 25 24 734 97 0 0 3042506 3349076 36067615 40156409 260956 405382 352792 249480 39723869 44160347 15249445 18240266 0 0 11444569 11647114 0 0 689518 13288502 13938978 39982516 43826358 -258647 333989 47828069 51894187 26561305 30095344 21266764 21798843 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. 1 0 39039877 18240266 40405361 HIGHER EDUCATION: EDUCATION, HOUSING, MEALS, EXTRA CURRICULAR ACTIVITIES AND BOOKSTORE FOR APPROXIMATELY 1,631 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. 39039877 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 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 1 110 0 1 734 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X HEIDI HAPPY 5088493427 ANNA MARIA COLLEGE 50 SUNSET LANE PAXTON MA 01612 DENNIS J THOMPSON TRUSTEE 2.00 X 0 0 0 ANNETTE J BIBEAU SSA TRUSTEE 2.00 X 0 0 0 RITA M DEROYSSA TRUSTEE 2.00 X 0 0 0 JOANNE M DIONSSA TRUSTEE/SECRETARY 2.00 X X 0 0 0 CAROLYN J STEMPLER TRUSTEE 2.00 X 0 0 0 REV PAUL D KENNEDY DD TRUSTEE 2.00 X 0 0 0 DAVID H SMITH TRUSTEE 2.00 X 0 0 0 PAULINE A LAURENCE SSA TRUSTEE 2.00 X 0 0 0 JACQUELINE LEBOEUF SSA TRUSTEE 2.00 X 0 0 0 BRIAN A O'CONNELL ESQ TRUSTEE 2.00 X 0 0 0 REV RICHARD F REIDY TRUSTEE 2.00 X 0 0 0 JOHN J SPILLANE ESQ CHAIR-ELECT/CHAIR 2.00 X X 0 0 0 MARGUERITE A ST AMAND SSA TRUSTEE 2.00 X 0 0 0 ELIZABETH A QUINN VICE CHAIR/TRUSTEE 2.00 X X 0 0 0 PAUL A DIPIERRO CHAIR 2.00 X X 0 0 0 MARY LOU RETELLE PRESIDENT 35.00 X X 308367 0 27446 KIMBERLY A KENNEDY TRUSTEE/VICE CHAIR 2.00 X X 0 0 0 JULIA M MCNAMARA PHD TRUSTEE 2.00 X 0 0 0 ELLEN M SAVICKAS TRUSTEE 2.00 X 0 0 0 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 TRUSTEE 2.00 X 0 0 0 STEPHEN H YERDON TRUSTEE 2.00 X 0 0 0 MAUREEN G WILKINSON SECRETARY 2.00 X X 0 0 0 GERARD A DIO TRUSTEE 2.00 X 0 0 0 DAVID ROSATI VP CFO, TREASURER 35.00 X 164917 0 1452 CHRISTINE L HOLMES EDD VP FOR ACADEMIC AFFAIRS 35.00 X 148354 0 13736 SHARON M DAVENPORT VP FOR INSTITUTIONAL ADVANCEMENT 35.00 X 169560 0 24238 DAVID BREEN VP, COO 35.00 X 206209 0 8031 997407 0 74903 5 0 1 0 WILEY EDU LLC 111 RIVER STREET HOBOKEN NJ 070305774 ON-LINE EDUCATION SERVICES 2059645 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 1745687 FALLON HEALTH 10 CHESTNUT STREET WORCESTER MA 01608 HEALTHCARE 886310 TOWN OF PAXTON 697 PLEASANT STREET PAXTON MA 01612 SECURITY 535921 TOWN OF PAXTON 697 PLEASANT STREET PAXTON MA 01612 ELECTRICAL 370051 15 77003 2702588 569485 26965 3349076 TUITION AND FEES 611710 33329002 33329002 ROOM AND BOARD 611710 6827352 6827352 LOAN INTEREST INCOME 611710 55 55 40156409 148812 148812 206966 26821 180145 180145 180145 1529858 1273288 256570 256570 256570 22862 77003 22334 528 528 42965 0 42965 42965 MISCELLANEOUS 611710 16432 16432 COMMISSIONS 611710 9410 9410 25842 44160347 40405361 0 405910 18240266 18240266 358264 358264 9533378 8001345 1160157 371876 237404 167530 58995 10879 758140 535002 188398 34740 759928 536264 188842 34822 50528 33978 14348 2202 50832 34183 14434 2215 29331 29331 3017453 2042790 862593 112070 110340 48496 61844 168928 30909 129705 8314 1019730 786954 224210 8566 469015 428527 18499 21989 20297 18606 1358 333 1135030 1078279 45401 11350 1937836 1840945 77513 19378 136239 129427 5450 1362 RECRUITING 2807370 2735095 71648 627 FOOD SERVICE 1567925 1567925 SUPPLIES 359120 306777 48985 3358 COMPUTER CHARGES 227793 69602 155327 2864 831211 406977 381661 42573 43826358 39039877 4096963 689518 647473 3262485 8326765 9299492 1482148 1770128 334151 1001959 707799 823892 319984 356859 61014279 31508321 30839879 29505958 5169870 5855636 0 17778 47828069 51894187 1186241 1802337 394831 2564049 22810210 23858135 2170023 1870823 26561305 30095344 X 19231416 19678115 1202519 1278050 832829 842678 21266764 21798843 47828069 51894187 X 333989 351312 -153222 X 0 1 X 1 1 1 X X 0 0 4769545 23849 591421 231954 5152861 4574232 10650 405246 220583 4769545 4266443 839100 123169 654480 4574232 3535889 905600 212970 387966 4266443 3279094 7590 423899 174694 3535889 0.76690 0.15660 0.07650 0 0 113480 113480 38292923 15608207 22684716 13281117 11478287 1802830 9326759 4421827 4904932 29505958 STUDENT DEPOSITS 168238 AGENCY FUNDS 5608 ASSETS HELD FOR FEDERAL PERKINS LOAN PROGRAM 658824 CAPITAL LEASE OBLIGATION 1038153 1870823 X 26504784 351313 64918 416231 26088553 29331 18042462 18071793 44160346 25972705 218140 218140 25754565 29331 18042462 18071793 43826358 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 FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. THE BOARD OF TRUSTEES HAS INTERPRETED STATE LAW AS ALLOWING THE UTILIZATION OF APPRECIATION ON PERMANENTLY RESTRICTED ASSETS UNLESS EXPLICIT DONOR STIPULATIONS SPECIFY HOW NET APPRECIATION MUST BE USED. AS A RESULT OF THIS INTERPRETATION, THE COLLEGE CLASSIFIES AS PERMANENTLY 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 IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURES 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 ORGANIZATION 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 ORGANIZATION; AND THE INVESTMENT POLICIES OF THE ORGANIZATION. 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 COLLEGE'S FINANCE AND AUDIT COMMITTEE SHALL SEEK TO INVEST THE ENDOWMENT FUNDS IN SUCH A MANNER THAT THE INVESTMENTS WILL PROVIDE A SPENDABLE RETURN CONSISTENT WITH A LONG-TERM GOAL OF PRESERVING THE FUNDS IN REAL TERMS. 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 DIVERISIFIED 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% OF THE TWELVE-QUARTER AVERAGE FAIR MARKET VALUE OF THE ENDOWMENT CALCULATED AS OF JUNE 30 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. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, DEFICIENCIES OF THIS NATURE ARE REPORTED IN UNRESTRICTED NET ASSETS. SUCH DEFICIENCIES AMOUNTED TO $14,034 AND $0 AS OF JUNE 30,2018 AND 2017, RESPECTIVELY. PART X, LINE 2: MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE COLLEGE HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE COLLEGE'S STATEMENTS OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOWS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 20,319. RENTAL EXPENSES 26,821. HEDGING INSTRUMENT 17,778. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 18,042,462. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NOT INCLUDED ON FORM 990, PART IX 26,821. FUNDRAISING EXPENSES 20,319. UNCOLLECTIBLE ACCOUNT EXPENSE 171,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 18,042,462. 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. GOLF TOURNAMENT 99865 77003 22862 5910 16424 99865 77003 22862 5910 16424 22334 528 1 SCHOLARSHIPS/GRANTS 1322 18240266 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 278367 0 0 0 30000 0 11084 0 16362 0 335813 0 0 0 DAVID ROSATI VP CFO, TREASURER 164917 0 0 0 0 0 1452 0 0 0 166369 0 0 0 CHRISTINE L HOLMES EDD VP FOR ACADEMIC AFFAIRS 148354 0 0 0 0 0 7529 0 6207 0 162090 0 0 0 SHARON M DAVENPORT VP FOR INSTITUTIONAL ADVANCEMENT 169560 0 0 0 0 0 8282 0 15956 0 193798 0 0 0 DAVID BREEN VP, COO 206209 0 0 0 0 0 8031 0 0 0 214240 0 0 0 PART I, LINE 7 INCLUDED IN TAXABLE BENEFITS FOR THE PRESIDENT IS A HOUSING AND VEHICLE ALLOWANCE FOR $37,200. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2010-09-30 26820000 REFINANCE/CONSTRUCTION 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2017-11-01 24500000 REFINANCE/CONSTRUCTION 0 0 0 A 26820000 26843895 96208 2011 1 0 1 1 B 24568142 313651 1431859 2018 1 0 0 1 A 0 0 0 0 0.01240 0.01240 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 1 CITIZENS BANK NA 9.500000000000 0 0 0 0 1 A 1 B 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. BOND A WAS REFINANCED BY BOND B. X 1 24950 NYSE X RAFFLE ITEMS 0 2015 FMV 0 0 0 FORM 990, PART III, LINE 2 THE INSTITUTION TOOK ON A MASTERS IN SOCIAL WORK. 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 2019. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO ENSURE THAT THE COLLEGE'S BOARD OF DIRECTORS, OFFICERS, AND EMPLOYEES ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT. FORM 990, PART VI, SECTION B, LINE 15 A RECOMMENDATION IS MADE FROM THE EXECUTIVE COMMITTEE AND APPROVED BY THE FULL BOARD OF TRUSTEES IN WINTER 2019. 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 17,778. UNCOLLECTIBLE ACCOUNTS EXPENSE -171,000.