2024-05-14T15:48:46-05:00 2023-06-30 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2022-07-01 010263385 THOMAS COLLEGE THOM 2078591111 180 WEST RIVER ROAD WATERVILLE ME 04901 LAURIE LACHANCE PRESIDENT 2078591111 2024-05-14 1 LAURIE LACHANCE 999009999 1 PATRICK NICHOLAS CPA P00289567 2077745701 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LAURIE LACHANCE 180 WEST RIVER ROAD WATERVILLE ME 04901 47097163 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 20 429 20 0 0 4274588 5592138 25034428 27685775 1600200 1288555 143028 170094 31052244 34736562 10389781 12337605 0 0 11337998 12975273 0 0 681300 9319466 9917571 31047245 35230449 4999 -493887 83830985 85311388 17701931 18352878 66129054 66958510 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 31363452 12337605 27685775 INSTRUCTION - UNDERGRADUATE AND GRADUATE EDUCATION OFFERING ASSOCIATES, BACHELOR AND MASTERS DEGREE PROGRAMS CONCENTRATING IN BUSINESS, EDUCATION, TECHNOLOGY, CRIMINAL JUSTICE AND PSYCHOLOGY TO APPROXIMATELY 750 FULL-TIME STUDENTS AND 165 PART-TIME. 31363452 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 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 1 0 0 0 1 93 0 1 429 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 WESCOTT 2078591111 180 WEST RIVER ROAD WATERVILLE ME 04901 CONRAD AYOTTE CHAIRPERSON 1.00 X X 0 0 0 BRIAN BERNATCHEZ 1ST VICE CHAIR 1.00 X X 0 0 0 RICHARD SPELLMAN 2ND VICE CHAIR 1.00 X X 0 0 0 KENNETH VIENS SECRETARY 1.00 X X 0 0 0 CLIFFORD ABBOTT JR TRUSTEE 1.00 X 0 0 0 DOUGLAS CUTCHIN 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 M 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 MICHELLE T HAYES 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 CARY OLSON-CARTWRIGHT TRUSTEE 1.00 X 0 0 0 DAVID PEASE 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 LAURIE LACHANCE PRESIDENT 40.00 X 302967 0 45726 TODD SMITH COO 40.00 X 141817 0 4596 THOMAS EDWARDS PROVOST 40.00 X 166365 0 27849 JOAN WESCOTT TREASURER 40.00 X 130066 0 34756 CHRISTOPHER RHODA VP FOR INFORMATION SERVICES 40.00 X 142225 0 17099 LISA DESAUTELS-POLIQUIN DEAN OF STUDENTS 40.00 X 125388 0 18480 DEBORAH CUNNINGHAM SR VP OF STUDENT SUCCESS 40.00 X 111936 0 40845 DONALD CRAGEN PROFESSOR 40.00 X 135377 0 15644 FRANK APPUNN PROFESSOR 40.00 X 131374 0 9868 BERNARD OUELLETTE FORMER EXECUTIVE VICE PRESIDENT 40.00 X 185941 0 20978 1573456 0 235841 12 1 1 0 THE SHERIDAN CORPORATION 33 SHERIDAN DR FAIRFIELD ME 04937 CONSTRUCTION 7123252 SODEXO INC & AFFILIATES 180 WEST RIVER RD WATERVILLE ME 04901 DINING SERVICES 1610790 RUFFALO NOEL-LEVITZ INC PO BOX 718 DES MOINES IA 503030718 STUDENT SEARCH 343563 TITAN MECHANICAL INC 232 RIVERSIDE INDUSTRIAL PKWY PORTLAND ME 04103 BOILER REPLACEMENT 277398 CGI TECHNOLOGIES AND SOLUTIONS INCO 173 MAIN ST SUITE 300 WATERVILLE ME 04901 TRAINING 221655 11 12040 2474401 3105697 187487 5592138 TUITION AND FEES 611600 27408880 27408880 OTHER FEES 611600 276895 276895 27685775 1078696 1078696 28914 0 28914 28914 28914 12536205 12326346 209859 209859 209859 175435 12040 34255 141180 141180 34736562 27685775 0 1458649 12337605 12337605 927156 166365 760791 9618130 8486464 797924 333742 415350 335869 71993 7488 1274698 1030772 220944 22982 739939 608118 107938 23883 368247 97243 202504 68500 724518 337123 387395 924872 877530 47342 5015 3375 429 1211 65430 54143 11150 137 331440 331440 2028905 1987946 40959 122792 45373 77419 OTHER OPERATING EXPENSE 1852140 1382219 322595 147326 FOOD SERVICE 1466480 1466480 ATHLETICS 658147 658147 BAD DEBTS 17701 16208 1493 1351884 1141032 134821 76031 35230449 31363452 3185697 681300 8810953 7697317 2767360 1561709 384487 455121 157066 35430 17697 20926 187861 260939 77787693 30038684 44565134 47749009 26777011 27137479 163416 393458 83830985 85311388 2632089 2259283 2531262 2808589 7975350 7448174 134153 109580 3792750 3505781 1814125 636327 407346 17701931 18352878 X 40758323 43264922 25370731 23693588 66129054 66958510 83830985 85311388 X -493887 1155058 168285 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 134153 210842 235415 109580 1 18608816 1207791 1700311 470100 21046818 20020781 997421 -1950086 459300 18608816 14776610 1204896 4486775 447500 20020781 13670652 512280 1035128 441450 14776610 12430590 587646 1073866 421450 13670652 0.59000 0.41000 0 0 1871985 1871985 69427600 24741542 44686058 6488108 5297142 1190966 47749009 DUE TO FEDERAL GOV'T PERKINS LOANS 21046 ASSET RETIREMENT OBLIGATION 386300 407346 23756555 1323343 34255 1357598 22398957 12337605 12337605 34736562 22927099 34255 34255 22892844 12337605 12337605 35230449 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 34,255. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 12,337,605. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 34,255. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 12,337,605. 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 WORK STUDY PROGRAM, AND THE FEDERAL PELL PROGRAM. THESE FUNDS ALLOW THE COLLEGE TO HELP STUDENTS TO FINANCE THE COST OF THEIR EDUCATION. GOLF TOURNAMENT 187475 12040 175435 11000 6365 240 16650 187475 12040 175435 11000 6365 240 16650 34255 141180 1 SCHOLARSHIPS AND AID 743 12337605 SCHOLARSHIPS 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 302967 0 0 0 0 0 18155 0 27571 0 348693 0 0 0 BERNARD OUELLETTE FORMER EXECUTIVE VICE PRESIDENT 185941 0 0 0 0 0 11262 0 9716 0 206919 0 0 0 THOMAS EDWARDS PROVOST 166365 0 0 0 0 0 10058 0 17791 0 194214 0 0 0 JOAN WESCOTT TREASURER 130066 0 0 0 0 0 8343 0 26413 0 164822 0 0 0 CHRISTOPHER RHODA VP FOR INFORMATION SERVICES 142225 0 0 0 0 0 8801 0 8298 0 159324 0 0 0 DEBORAH CUNNINGHAM SR VP OF STUDENT SUCCESS 111936 0 0 0 0 0 7486 0 33359 0 152781 0 0 0 DONALD CRAGEN PROFESSOR 135377 0 0 0 0 0 8172 0 7472 0 151021 0 0 0 A MAINE HEALTH & HIGHER ED MHHEFA 2014A 010314384 560427W77 2014-07-01 3502120 RESIDENCE HALL 0 0 1 B CITY OF WATERVILLE 016000037 000000000 2015-07-16 4507500 RESIDENCE HALL 0 0 0 C FINANCE AUTHORITY OF MAINE 010392006 000000000 2015-07-16 3342500 RESIDENCE HALL 0 0 0 A 1382120 3502120 266706 40516 3194898 2015 1 0 1 1 B 1445267 4507500 69050 4438450 2016 0 0 1 1 C 1044008 3342500 78178 3264322 2016 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 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 X 1 153355 MARKET X 1 6309 FAIR MARKET VALUE X SUPPLIES 4 27823 FAIR MARKET VALUE 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 168,285. 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