2017-05-15T09:39:20-05:00 2016-06-30 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2015-07-01 042002060 THE SISTERS OF SAINT ANN INC SIST 5088493333 50 SUNSET LANE PAXTON MA 01612 MARY LOU RETELLE PRESIDENT 5088493333 2017-03-22 1 BARBARA E KING P00005629 5087557107 2017-03-22 2015 2021-01-29 14:40:06Z ANNA MARIA COLLEGE MARY LOU RETELLE 50 SUNSET LANE PAXTON MA 01612 41633647 0 X WWW.ANNAMARIA.EDU X 1887 MA PROVIDE EDUCATION TO THE GENERAL PUBLIC. 21 20 691 90 0 0 3104713 3464408 33861078 36513483 280492 201891 177267 301910 37423550 40481692 12204593 14481529 0 0 10402606 10925124 0 0 431222 13998587 13567895 36605786 38974548 817764 1507144 49358937 49190097 29799796 28130061 19559141 21060036 X ANNA MARIA COLLEGE, A CATHOLIC INSTITUTION OF HIGHER LEARNING, RECOGNIZES ITS OBLIGATION TO SERVE ITS IMMEDIATE COMMUNITY, COMMONWEALTH OF MASSACHUSETTS, THE NATION AND WORLD THROUGH PROVISION OF EDUCATION, PRESERVATION OF LEARNING, AND SPONSORSHIP OF RESEARCH.ROOTED IN THE ROMAN CATHOLIC TRADITION OF HIGHER EDUCATION, ANNA MARIA COLLEGE IS MAINTAINED AND OPERATED IN CONFORMITY WITH THE VALUES OF THE JUDEO-CHRISTIAN TRADITION AND IN KEEPING WITH THE IDEALS OF ITS FOUNDRESSES, THE SISTERS OF SAINT ANNE. THESE IDEALS, WHICH REFLECT THE DEVELOPMENT OF THE TOTAL HUMAN BEING, ALSO INCLUDE INCREASING ACCESS TO QUALITY EDUCATION, EDUCATIONAL INNOVATION AND RESPECT FOR PRACTICAL SKILLS.SPECIFICALLY, ANNA MARIA COLLEGE SEES ITS MISSION TO BE THAT OF FOSTERING IN ITS STUDENTS INTELLECTUAL INVOLVEMENT, CAREER PREPARATION, SOCIAL AWARENESS, DEDICATION TO JUSTICE AND PEACE, RELIGIOUS AND MORAL SENSITIVITY, AND A LIFESTYLE CAPABLE OF SUSTAINING THESE WITHIN BALANCE. 0 0 34581939 14481529 36801686 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 BUSINESS, CRIMINAL JUSTICE, EDUCATION, FIRE SCIENCE, SOCIAL WORK, AND PSYCHOLOGY. THE COLLEGE ALSO OFFERS SPECIAL MAJORS SUCH AS ART THERAPY, SPORTS MANAGEMENT, PARAMEDIC SCIENCE, MUSIC THERAPY, AN RN-TO-BSN PROGRAM AND A BACHELOR OF SCIENCE NURSING PROGRAM. FIFTH-YEAR MASTER'S OPTIONS ARE AVAILABLE IN BUSINESS ADMINISTRATION, COUNSELING PSYCHOLOGY, CRIMINAL JUSTICE, EDUCATION, FIRE SCIENCE, PASTORAL STUDIES/COUNSELING, AND VISUAL ART. POPULAR GRADUATE PROGRAMS INCLUDE AN ACCELERATED MBA AND MPA, AS WELL AS A TRADITIONAL SEMESTER CRIMINAL JUSTICE AND EDUCATION PROGRAMS. CO-CURRICULAR PROGRAMS ABOUND AT THE COLLEGE INCLUDING 13 COMPETITIVE SPORTS TEAMS. 34581939 1 1 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 1 99 0 1 691 1 0 0 0 0 0 1 1 0 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 MA X X HEIDI HAPPY 5088493427 ANNA MARIA COLLEGE 50 SUNSET LANE PAXTON MA 01612 JOSEPH J BAFARO 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 2.00 X 0 0 0 CAROLYN J STEMPLER TRUSTEE 2.00 X 0 0 0 REV PAUL D KENNEDY TRUSTEE 2.00 X 0 0 0 MAUREEN G WILKINSON SECRETARY 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 TRUSTEE 2.00 X 0 0 0 MARGUERITE A ST AMAND SSA TRUSTEE 2.00 X 0 0 0 ELIZABETH ANN QUINN VICE CHAIR 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 282445 0 45413 KIMBERLY A KENNEDY 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 DAVID ROSATI VP CHIEF FINANCIAL OFFICER 35.00 X 163352 0 5277 BILLYE W AUCLAIR PHD VP FOR ACADEMIC AFFAIRS PR 35.00 X 110060 0 10153 ANDREW O KLEIN VP FOR STUDENT LIFE 35.00 X 173919 0 23162 CAROL GABRIELE ASSOCIATE DEAN OF NURSING 35.00 X 128915 0 24756 CHRISTINE L HOLMES EDD INTERIM VP FOR ACADEMIC AF 35.00 X 119088 0 25549 977779 0 134310 6 0 1 0 WILEY 111 RIVER STREET HOBOKEN NJ 070305774 ON-LINE EDUCATION SERVICES 2814130 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 1606983 SODEXO 10 SUNSET LANE PAXTON MA 01612 FOOD SERVICES 1518765 HARVARD PILGRIM HEALTH CARE 185 ASYLUM STREET 2ND FLOOR HARTFORD CT 06103 HEALTH CARE 803582 PAXTON POLICE DEPARTMENT 576 PLEASANT STREET PAXTON MA 01612 CAMPUS SECURITY 553759 11 35997 2375516 1052895 883 3464408 TUITION AND FEES 611710 30861303 30861303 ROOM AND BOARD 611710 5652105 5652105 LOAN INTEREST INCOME 611710 75 75 36513483 108684 108684 260902 70050 190852 190852 190852 1165026 1063385 8434 101641 -8434 93207 -8434 101641 11366 35997 10086 1280 1280 61818 0 61818 61818 MISCELLANEOUS 611710 32686 32686 COMMISSIONS 611710 15274 15274 47960 40481692 36805679 0 211605 14481529 14481529 302838 302838 9178884 7590751 1388474 199659 612824 487062 108480 17282 830578 660128 147027 23423 36067 24698 10144 1225 51303 35132 14429 1742 23657 23657 2803551 1919830 788506 95215 257135 47321 209793 21 208983 47102 139384 22497 918675 863290 47294 8091 475040 418538 32510 23992 26047 17232 8185 630 765277 727013 30611 7653 2025948 1924651 81038 20259 150056 142553 6002 1501 RECRUITING 3144675 3098581 46094 FOOD SERVICES 1348697 1348697 SUPPLIES 319477 274225 40951 4301 REPAIRS & MAINTENANCE 237478 220035 15684 1759 775829 253571 520286 1972 38974548 34581939 3961387 431222 1928879 1332513 4798986 6419308 800938 855694 151481 218721 827782 709040 280189 275147 59803192 27590282 33902905 32212910 6390348 6901046 46461 47143 230968 218575 49358937 49190097 1248689 1290698 660121 445091 24400942 23716336 3490044 2677936 29799796 28130061 X 18103441 18957058 720899 1330799 734801 772179 19559141 21060036 49358937 49190097 1507144 -6249 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 4266443 839100 123169 654480 4574232 3535889 905600 212970 387966 4266443 3279094 7590 423899 174694 3535889 3323606 32606 243786 320904 3279094 3252637 31806 164167 125004 3323606 0.76090 0.16880 0.07030 0 0 113480 113480 37549508 13387872 24161636 12995776 10663518 2332258 9144428 3538892 5605536 32212910 STUDENT DEPOSITS 268778 AGENCY FUNDS 91700 ASSETS HELD FOR FEDERAL PERKINS LOAN PROGRAM 732704 CAPITAL LEASE OBLIGATION 1584754 2677936 X 26235049 -6249 -6249 26241298 23657 14216737 14240394 40481692 24734154 70050 70050 24664104 23657 14286787 14310444 38974548 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 INVESTMENT 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. THERE WERE NO DEFICIENCIES AS OF JUNE 30, 2016 AND 2015. 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 4B - OTHER ADJUSTMENTS: FINANCIAL AID 14,286,787. RENTAL EXPENSES NOT INCLUDED ON FORM 990, PART IX -70,050. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NOT INCLUDED ON FORM 990, PART IX 70,050. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 14,286,787. 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 47363 35997 11366 2427 7659 47363 35997 11366 2427 7659 10086 1280 1 SCHOLARSHIPS/GRANTS 1429 14481529 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 1 1 X X X 0 0 0 0 0 0 0 0 0 MARY LOU RETELLE PRESIDENT 279167 0 0 0 3278 0 10004 0 35409 0 327858 0 0 0 DAVID ROSATI VP CHIEF FINANCIAL OFFICER 162867 0 0 0 485 0 2798 0 2479 0 168629 0 0 0 ANDREW O KLEIN VP FOR STUDENT LIFE 148202 0 25000 0 717 0 5061 0 18101 0 197081 0 0 0 CAROL GABRIELE ASSOCIATE DEAN OF NURSING 125525 0 2907 0 483 0 4845 0 19911 0 153671 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2010-09-30 26820000 REFINANCE/CONSTRUCTION 0 0 0 A 2464058 26843895 96208 2011 1 0 1 1 A 0 0 0 0 0.01240 0.01240 0 0 1 A 0 0 0 1 1 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 $23,895. FORM 990, PART VI, SECTION B, LINE 11 THE 990 WILL BE REVIEWED BY THE FINANCE AND AUDIT COMMITTEE, THE EXECUTIVE COMMITTEE, THEN WILL BE REVIEWED BY THE FULL BOARD IN SPRING 2017. 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 ORGANIZATION'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 SPRING 2017. FORM 990, PART VI, SECTION C, LINE 19 THE 990 IS LISTED AS PART OF THE GUIDESTAR REPORTING TOOL WHICH HAS PUBLIC ACCESS.