2023-05-15T12:02:01-05:00 2022-06-30 366055558 GRANT THORNTON LLP 75 STATE ST 13TH FLOOR BOSTON MA 02109 990 2021-07-01 020222182 SAINT ANSELM COLLEGE SAIN 6036417000 100 SAINT ANSELM DRIVE MANCHESTER NH 03102 WILLIAM FURLONG VP OF FINANCE & CFO 6036417000 2023-05-15 1 WILLIAM FURLONG XXX-XX-XXXX ERIN COUTURE P01390592 6177237900 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR JOSEPH A FAVAZZA 100 SAINT ANSELM DRIVE MANCHESTER NH 03102 175350134 0 X WWW.ANSELM.EDU X 1889 NH A CATHOLIC, BENEDICTINE COLLEGE PROVIDING ALL ITS STUDENTS A DISTINCTIVE. (SEE SCHEDULE O).LIBERAL ARTS EDUCATION THAT INCORPORATES OPPORTUNITIES FOR PROFESSIONAL AND CAREER PREPARATION. 46 43 1607 175 610715 73179 15490079 12623017 115430651 118022747 14313658 7010763 0 0 145234388 137656527 50599794 52474583 0 0 44180361 45286284 0 0 4856852 33448662 36768421 128228817 134529288 17005571 3127239 372219645 338797413 97558306 92340728 274661339 246456685 X SEE SCHEDULE O.SAINT ANSELM IS A CATHOLIC, BENEDICTINE COLLEGE PROVIDING ALL OF ITS STUDENTS A DISTINCTIVE LIBERAL ARTS EDUCATION THAT INCORPORATES OPPORTUNITIES FOR PROFESSIONAL AND CAREER PREPARATION. IT DOES SO IN A LEARNING COMMUNITY THAT ENCOURAGES THE LIFELONG PURSUIT OF THE TRUTH AND FOSTERS INTELLECTUAL, MORAL AND SPIRITUAL GROWTH TO SUSTAIN AND ENRICH ITS GRADUATES' PERSONAL LIVES, WORK, AND ENGAGEMENT WITHIN LOCAL, NATIONAL, AND GLOBAL COMMUNITIES. 0 0 120870170 52474583 118022747 EDUCATIONAL SERVICES: SAINT ANSELM COLLEGE (THE COLLEGE), A NEW HAMPSHIRE NOT-FOR-PROFIT (VOLUNTARY) CORPORATION, IS A CATHOLIC UNDERGRADUATE LIBERAL ARTS COLLEGE IN THE BENEDICTINE TRADITION. THE COLLEGE WAS ESTABLISHED IN 1889. IT IS ACCREDITED BY THE NEW ENGLAND COMMISSION OF HIGHER EDUCATION. 120870170 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 X 2744 0 1 1607 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 46 43 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY X WILLIAM FURLONG 6036417100 100 SAINT ANSELM DRIVE MANCHESTER NH 03102 DR JOSEPH FAVAZZA PRESIDENT 40.00 0.00 X X 424001 0 78245 MR JAMES F FLANAGAN SR. VP OF COLLEGE ADVANCEMENT 40.00 0.00 X 257079 0 95755 MR WILLIAM FURLONG VP OF FINANCE, CFO 40.00 0.00 X 206716 0 67361 MR STEVEN GOETSCH VP OF ENROLLMENT 40.00 0.00 X 177998 0 24021 MR NEIL LEVESQUE EXECUTIVE DIRECTOR NHIOP 40.00 0.00 X 176845 0 23973 MR STEVEN MCDEVITT CHIEF INFORMATION OFFICER 40.00 0.00 X 173789 0 15163 DR ALICIA FINN - VP OF STUDENT AFFAIRS & DEAN OF STUDENTS 40.00 0.00 X 166144 0 19393 MR DARON MONTGOMERY DIRECTOR OF ATHLETICS 40.00 0.00 X 161622 0 22416 DR GARY BOUCHARD PROFESSOR 40.00 0.00 X 153927 0 22838 DR MARK CRONIN AVP OF ACADEMIC AFFAIRS 40.00 0.00 X 149450 0 20991 F JOSEPH LOUGHREY CHAIR 2.00 0.00 X X 0 0 0 MR JOHN B LAVELLE VICE CHAIR 2.00 0.00 X X 0 0 0 RIGHT REV MARK A COOPER OSB CHANCELLOR 1.00 0.00 X X 0 0 0 MS CHRISTINE D DOUVILLE SECRETARY 2.00 0.00 X X 0 0 0 MR JAMES VAN HOOF ESQ TREASURER 2.00 0.00 X X 0 0 0 MS XILORLVETTE BERNAZZI BOARD MEMBER (AS OF 10/2021) 1.00 0.00 X 0 0 0 MS SUSAN D CABANA BOARD MEMBER 1.00 0.00 X 0 0 0 MS SUSAN M CONNELLY BOARD MEMBER 1.00 0.00 X 0 0 0 MS LINDA M CONNLY BOARD MEMBER 1.00 0.00 X 0 0 0 MR ROBERT P CONNOR BOARD MEMBER 1.00 0.00 X 0 0 0 MS JEANETTE M DAVILA BOARD MEMBER 1.00 0.00 X 0 0 0 REV JEROME J DAY OSB BOARD MEMBER 1.00 0.00 X 0 0 0 REV BERNARD W DISCO OSB BOARD MEMBER 1.00 0.00 X 0 0 0 REV MATHIAS D DURETTE OSB BOARD MEMBER 1.00 0.00 X 0 0 0 DR MARGARET A EMMONS BOARD MEMBER 1.00 0.00 X 0 0 0 MS SHEILA O EVJY BOARD MEMBER 1.00 0.00 X 0 0 0 MSGR WILLIAM P FAY BOARD MEMBER 1.00 0.00 X 0 0 0 MR KEVIN R FITZGERALD BOARD MEMBER 1.00 0.00 X 0 0 0 REV JOHN R FORTIN OSB BOARD MEMBER 1.00 0.00 X 0 0 0 SR ELINOR GARDNER BOARD MEMBER (AS OF 10/2021) 1.00 0.00 X 0 0 0 MR KENNETH J GOODCHILD BOARD MEMBER 1.00 0.00 X 0 0 0 MR JAMES L HAUSER ESQ BOARD MEMBER 1.00 0.00 X 0 0 0 MS LORI HOYT-RIPA BOARD MEMBER 1.00 0.00 X 0 0 0 E ELON JOFFREE DMD MPH BOARD MEMBER 1.00 0.00 X 0 0 0 REV AUGUSTINE G KELLY OSB BOARD MEMBER 1.00 0.00 X 0 0 0 MS ELIZABETH J KELLY BOARD MEMBER 1.00 0.00 X 0 0 0 MR IVAN LAMOURT BOARD MEMBER 1.00 0.00 X 0 0 0 DR LAURENCE R MCCARTHY BOARD MEMBER 1.00 0.00 X 0 0 0 BRO ISAAC S MURPHY OSB BOARD MEMBER 1.00 0.00 X 0 0 0 MR MATTHEW P O'CONNOR BOARD MEMBER 1.00 0.00 X 0 0 0 MS JENNIFER PARENT BOARD MEMBER (AS OF 10/2021) 1.00 0.00 X 0 0 0 DR JOSEPH PEPE MD BOARD MEMBER 1.00 0.00 X 0 0 0 MR FRANK P PFEFFER BOARD MEMBER 1.00 0.00 X 0 0 0 REV BENET C PHILLIPS OSB BOARD MEMBER 1.00 0.00 X 0 0 0 MR MICHAEL J REIGEL BOARD MEMBER 1.00 0.00 X 0 0 0 MR RONALD RENAUD JR BOARD MEMBER 1.00 0.00 X 0 0 0 MR RAY A ROTHROCK BOARD MEMBER 1.00 0.00 X 0 0 0 MR ROBERT F SAVARD BOARD MEMBER 1.00 0.00 X 0 0 0 MS LISA KENNEDY SHELDEN BOARD MEMBER 1.00 0.00 X 0 0 0 FR ANSELM SMEDILE BOARD MEMBER 1.00 0.00 X 0 0 0 MR MATTHEW J STEINAWAY BOARD MEMBER 1.00 0.00 X 0 0 0 BRO ANDREW L THORNTON OSB BOARD MEMBER 1.00 0.00 X 0 0 0 MR JOHN A VACCARO BOARD MEMBER 1.00 0.00 X 0 0 0 MS MARILOU WATSON BOARD MEMBER (AS OF 10/2021) 1.00 0.00 X 0 0 0 MR WILLIAM WITHINGTON BOARD MEMBER 1.00 0.00 X 0 0 0 2047571 0 390156 74 0 1 0 THE TAMBELLINI GROUP LLC PO BOX 685 IRVINGTON VA 22480 CONSULTING SERVICES 226261 OOMPH INC 150 CHESTNUT STREET PROVIDENCE RI 02903 MARKETING SERVICES 215650 PURITAN PRESS 95 RUNNELLS BRIDGE ROAD HOLLIS NH 03049 GRAPHIC DESIGN & PRINTING SERVICES 195452 GRACE LIMOUSINE PO BOX 3510 MANCHESTER NH 03105 TRANSPORTATION SERVICES 166330 PRIME BUCHHOLZ & ASSOCIATES INC PO BOX 16011 LEWISTON ME 04243 MARKETING SERVICES 147450 6 6274608 6348409 123050 12623017 STUDENT TUITION & FEES 611710 86510330 86510330 STUDENT ROOM & BOARD 611710 27805984 27805984 AUXILIARY REVENUE 900099 3706433 3706433 118022747 1084814 610715 474099 43581857 37699 37680518 13089 5901339 24610 5925949 5925949 137656527 118022747 610715 6400048 52474583 52474583 1666665 414382 527501 724782 32439279 27994366 2638276 1806637 2168076 1892248 164244 111584 6764412 5725366 693267 345779 2247852 1960297 171982 115573 82059 82059 189050 189050 2882 2882 531182 531182 5024890 4397178 396191 231521 317031 258060 24463 34508 4998754 3717342 900943 380469 1626951 1140341 315188 171422 3365515 3093143 213001 59371 1588117 1434743 19032 134342 214481 202212 5935 6334 2897718 2537177 248371 112170 6335266 4794324 1061529 479413 640412 234827 399834 5751 DINING SERVICES COGS 7411292 7411292 MAINTENANCE 1048065 870773 87879 89413 MEMBERSHIPS 219886 101312 102106 16468 BOOKS AND PERIODICALS 122797 117728 5069 152073 98476 22282 31315 134529288 120870170 8802266 4856852 3187116 1475520 20246507 21017489 9126445 6029881 1345371 1539375 1698251 1377953 60848 22296 1008278 1574494 212633305 106328760 107314337 106304545 69321787 55837039 150660175 136897097 8250530 6721724 372219645 338797413 9945085 8623537 1955049 2035090 82226044 78753763 2090064 1704090 1342064 1224248 97558306 92340728 X 167509439 151331299 107151900 95125386 274661339 246456685 372219645 338797413 X 3127239 -30109223 -1222670 X 0 1 X 1 1 1 X 6851955 9473030 13900585 15490079 12623017 58338666 6851955 9473030 13900585 15490079 12623017 58338666 4688144 53650522 977074 1162111 1284028 148952 474099 4046264 596342 610715 1207057 7200 7200 63599187 567539707 0.84360 0.83800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING EVENTS - 2017 AMOUNT: $ 7,200. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 2882 2882 0 PART II-B, LINE 1: THE COLLEGE IS A DUES PAYING MEMBER OF AGB, NACUBO, NAICU, AND NHCUC; A PORTION OF ITS ANNUAL DUES ARE ATTRIBUTABLE TO LOBBYING AND ARE REPORTED IN SCHEDULE C, PART II-B, LINE 1(I). THE COLLEGE ALLOCATES 10% OF ANNUAL MEMBERSHIP DUES ATTRIBUTABLE TO LOBBYING EXPENSES. X X X 0 219981962 4874666 -23597826 2410362 6134304 192714136 164972020 3979914 57487195 2531038 3926129 219981962 164005484 7631349 34604 2968719 3730698 164972020 157951291 2832940 9603523 3906348 2475922 164005484 134654646 17851268 11838379 2752709 3640293 157951291 0.59360 0.26440 0.14200 0 0 15811165 15811165 146890912 67910948 78979964 46334412 36888440 9445972 3596816 1529372 2067444 106304545 EQUITIES 47859477 F PRIVATE EQUITY 41488339 F REAL ASSETS 24835418 F FLEXIBLE CAPITAL 22713863 F 136897097 SPLIT INTEREST AGREEMENTS 1224248 1224248 X 54958120 -30109223 -52058002 -82167225 137125345 531182 531182 137656527 83162774 -50835332 -50835332 133998106 531182 531182 134529288 PART III, LINE 1A: DESCRIPTION OF ORGANIZATION'S COLLECTIONS THE COLLEGE HOLDS CERTAIN COLLECTIONS OF WORKS OF ART AND FURNISHINGS. THESE COLLECTIONS ARE HOUSED IN A PROTECTED ENVIRONMENT AND ARE USED FOR EXHIBITION PURPOSES FOR THE PUBLIC, FOR EDUCATION AND RESEARCH, AS WELL AS FOR THE FURTHERANCE OF SERVICE TO THE PUBLIC. THESE COLLECTIONS ARE NOT DISPOSED OF FOR FINANCIAL GAINS NOR ARE THEY ENCUMBERED IN ANY MANNER. ACCORDINGLY, THESE COLLECTIONS ARE NOT CAPITALIZED OR RECORDED FOR PURPOSES OF PREPARING THE ACCOMPANYING FINANCIAL STATEMENTS. PART III, LINE 4: DESCRIPTION OF ORGANIZATION'S COLLECTIONS THE COLLEGE HOLDS CERTAIN COLLECTIONS OF WORKS OF HISTORIC AND CONTEMPORARY FINE AND DECORATIVE ART UNDER THE CARE OF THE ALVA DE MARS MEGAN CHAPEL ART CENTER. THESE COLLECTIONS ARE PERIODICALLY EXHIBITED IN CURATED PUBLIC EXHIBITIONS, AND WHEN NOT ON VIEW ARE HOUSED IN A SECURED, CLIMATE-CONTROLLED ENVIRONMENT. EXHIBITIONS OF ARTWORKS FROM THIS COLLECTION ARE MOUNTED TO SERVE THE PUBLIC AND THE COLLEGE FACULTY AND STUDENTS, ARE FREE OF ADMISSION CHARGE, AND ARE OFTEN MOUNTED IN TANDEM WITH RELATED FREE PUBLIC PROGRAMS INCLUDING SCHOLARLY LECTURES, CONCERTS, AND GALLERY TALKS. THE COLLECTION IS CATALOGUED FOR EASE OF ACCESS BY THE CURATOR, STUDENT INTERNS, AND MEMBERS OF THE COLLEGE FACULTY FOR RESEARCH PROJECTS OR TEACHING, AND FACULTY AND STUDENTS MAKE USE OF ARTWORKS IN THE COLLECTION FOR THESE PURPOSES, FACILITATED BY THE CHAPEL ART CENTER CURATORIAL STAFF. IN KEEPING WITH BEST PRACTICES FOR MUSEUM COLLECTIONS, THESE ARTWORKS ARE NOT DISPOSED OF FOR FINANCIAL GAINS NOR ARE THEY ENCUMBERED IN ANY MANNER. ACCORDINGLY, THESE COLLECTIONS ARE NOT CAPITALIZED OR RECORDED FOR PURPOSES OF PREPARING THE ACCOMPANYING FINANCIAL STATEMENTS.FINANCIAL STATEMENTS. PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS THE COLLEGE'S ENDOWMENT CONSISTS OF BOARD-DESIGNATED FUNDS AND FUNDS CONTRIBUTED TO THE COLLEGE, THE INCOME FROM WHICH IS TO BE USED FOR SCHOLARSHIPS, CAPITAL IMPROVEMENTS, FACULTY DEVELOPMENT EXPENSES, LIBRARY EXPENSES AND VARIOUS OTHER PROGRAM EXPENSES. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITION THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED (THE "CODE"), AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT ARE MATERIAL TO ITS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE -50,835,332. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -1,222,670. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE -50,835,332. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CONSISTENT WITH THE BENEDICTINE, CATHOLIC PRINCIPLES THAT SUSTAIN THE MISSION AND HERITAGE OF SAINT ANSELM COLLEGE, NO ONE ACTING ON BEHALF OF THE COLLEGE OR IN ADMINISTERING THE AFFAIRS OF THE COLLEGE, SHALL DISCRIMINATE AGAINST ANY STUDENT, FACULTY, STAFF, VENDOR, OR CONTRACTOR ON THE BASIS OF THE INDIVIDUAL'S RACE, COLOR, GENDER, RELIGION, NATIONAL ORIGIN, MARITAL STATUS, AGE, DISABILITY, SEXUAL ORIENTATION, OR VETERAN STATUS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES AMOUNTS FOR STUDENT FINANCIAL ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION. IT ALSO RECEIVES VARIOUS OTHER GRANTS FROM THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, THE U.S. DEPARTMENT OF TREASURY, THE DEPARTMENT OF JUSTICE, THE NATIONAL SCIENCE FOUNDATION AS WELL AS AMOUNTS FROM THE STATE OF NEW HAMPSHIRE. THE COLLEGE WAS AWARDED ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION'S, HIGHER EDUCATION EMERGENCY RELIEF FUND ("HEERF"), SPECIFICALLY FOR EMERGENCY AID GRANTS TO STUDENTS FOR EXPENSES RELATED TO THE DISRUPTION OF INSTRUCTION AND DIRECT AID TO INSTITUTIONS TO COVER COSTS ASSOCIATED WITH SIGNIFICANT CHANGES TO THE DELIVERY OF INSTRUCTION DUE TO COVID-19. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 30808189 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 4592314 0 0 0 0 0 0 35400503 0 35400503 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART IV, LINES 1, 3, 4, AND 5: THE COLLEGE HAS CERTAIN ALTERNATIVE INVESTMENTS THAT IT MAY MAKE TRANSFERS TO OR GENERATE OWNERSHIP INTEREST IN FOREIGN CORPORATIONS OR PARTNERSHIPS. AS SUCH, SCHEDULE F PART IV REFLECTS THESE TRANSFERS AND INTERESTS. THE COLLEGE HAS REVIEWED THESE INVESTMENTS FOR ANY TRANSFERS OR INTERESTS THAT ARE REQUIRED TO BE FURTHER REPORTED ON FORMS 926, 5471, 8621, OR 8865. 1 SCHOLARSHIPS 1919 49887887 RESIDENT ASSISTANT GRANTS 60 953661 HEERF AWARDS 1181 1543885 FELLOWSHIPS 66 89150 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANTS AND OTHER ASSISTANCE THE COLLEGE'S FINANCIAL AID OFFICE MONITORS ALL RECIPIENTS OF SCHOLARSHIP AWARDS TO DETERMINE BOTH INITIAL AND CONTINUING ELIGIBILITY BASED UPON THE CRITERIA FOR THE TYPE OF AWARD. VARIOUS CRITERIA MAY INCLUDE, BUT IS NOT LIMITED TO, ACADEMIC PERFORMANCE, FINANCIAL NEED, OR OTHER CRITERIA ESTABLISHED BY DONORS OF SCHOLARSHIP FUNDS. X X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 DR JOSEPH FAVAZZA PRESIDENT 343433 0 34500 0 46068 0 66909 0 11336 0 502246 0 0 0 MR JAMES F FLANAGAN SR. VP OF COLLEGE ADVANCEMENT 245630 0 10000 0 1449 0 21957 0 73798 0 352834 0 0 0 MR WILLIAM FURLONG VP OF FINANCE, CFO 196014 0 10000 0 702 0 17612 0 49749 0 274077 0 0 0 MR STEVEN GOETSCH VP OF ENROLLMENT 172732 0 5000 0 266 0 15435 0 8586 0 202019 0 0 0 MR NEIL LEVESQUE EXECUTIVE DIRECTOR NHIOP 173728 0 2500 0 617 0 15536 0 8437 0 200818 0 0 0 MR STEVEN MCDEVITT CHIEF INFORMATION OFFICER 170224 0 2500 0 1065 0 14607 0 556 0 188952 0 0 0 DR ALICIA FINN - VP OF STUDENT AFFAIRS & DEAN OF STUDENTS 155727 0 7500 0 2917 0 13948 0 5445 0 185537 0 0 0 MR DARON MONTGOMERY DIRECTOR OF ATHLETICS 153774 0 7500 0 348 0 13830 0 8586 0 184038 0 0 0 DR GARY BOUCHARD PROFESSOR 152778 0 0 0 1149 0 13848 0 8990 0 176765 0 0 0 DR MARK CRONIN AVP OF ACADEMIC AFFAIRS 143551 0 5000 0 899 0 12961 0 8030 0 170441 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE THE PRESIDENT OF THE COLLEGE LIVES IN AN OFF-CAMPUS HOUSE THE VALUE OF WHICH IS REPORTED AS TAXABLE COMPENSATION IN ACCORDANCE WITH APPLICABLE LAWS. THE COLLEGE COVERS THE COSTS OF ROUTINE UTILITIES, ROUTINE HOME MAINTENANCE AND REPAIR, LAWN SERVICES, AND SNOW REMOVAL FOR THE COLLEGE OWNED-PROPERTY. THESE COSTS ARE NOT TAXABLE TO THE PRESIDENT. TRAVEL FOR COMPANIONS THE PRESIDENT IS REIMBURSED FOR REASONABLE TRAVEL EXPENSES, AS DETERMINED BY THE COLLEGE IN ITS SOLE DISCRETION, INCURRED BY HIS SPOUSE TO THE EXTENT THAT SHE ACCOMPANIES HIM IN THE PERFORMANCE OF HIS DUTIES. SUCH REIMBURSEMENTS WILL BE ADDED TO THE PRESIDENT'S TAXABLE INCOME, WHEN APPROPRIATE, IN ACCORDANCE WITH APPLICABLE TAX LAWS. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES THE SENIOR VICE PRESIDENT FOR COLLEGE ADVANCEMENT HAS A MEMBERSHIP TO A LOCAL COUNTRY CLUB PAID FOR BY THE COLLEGE. THE BUSINESS PURPOSE IS FOR THE ENTERTAINMENT OF POTENTIAL DONORS TO THE COLLEGE OR OTHER IMPORTANT GUESTS. THE FAIR VALUE OF PERSONAL USAGE, IF ANY, IS ADDED TO THE EMPLOYEE'S TAXABLE COMPENSATION IN ACCORDANCE WITH APPLICABLE TAX LAW. PART I, LINE 4B NON-QUALIFIED RETIREMENT PLAN IN 2019, THE COLLEGE ENTERED INTO A LONG TERM INCENTIVE PLAN (LTIP) TO PROVIDE DEFERRED COMPENSATION TO ITS PRESIDENT, DR. JOSEPH FAVAZZA. AMOUNTS DEFERRED UNDER THE LTIP ARE SUBJECT TO RISK OF FORFEITURE. THE COLLEGE CONTRIBUTED $34,500 TO THE PLAN IN 2021 WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C). PART I, LINE 7 NON-FIXED PAYMENTS A DISCRETIONARY PAY-FOR-PERFORMANCE BONUS WAS PAID TO CERTAIN COLLEGE ADMINISTRATORS AND STAFF. SUCH PAYMENTS WERE BASED ON THEIR ANNUAL EVALUATION AND DECIDED BY THEIR SUPERVISOR AND SENIOR LEADERSHIP. A NH HEALTH & EDUCATION FACILITIES AUTHORITY 020279866 6446142A6 2013-07-25 11726280 NEW DORM & ELECTRICAL SUBSTATION 0 0 0 B NH HEALTH & EDUCATION FACILITIES AUTHORITY 020279866 6446142A6 2016-11-10 18270826 EXPAN. & RENOVATION OF STUDENT CTR 0 0 0 C NH HEALTH & EDUCATION FACILITIES AUTHORITY 020279866 2018-03-06 61150000 REFI EXIST. BOND TERM SWAPS, WELCOME CENTER 0 0 0 A 11726280 190353 11535927 2014 0 0 1 1 B 2110000 18270826 237734 18033092 2018 0 0 1 1 C 1376711 61150000 556718 60593282 2020 1 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 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART IV, LINE 2C, COLUMN B: THE COLLEGE COMMISSIONED AN INDEPENDENT THIRD-PARTY BOND ARBITRAGE SPECIALIST TO DETERMINE WHETHER ANY ARBITRAGE EXISTED ON ITS 2016 BOND ISSUANCE. THE ARBITRAGE REPORT WAS ISSUED ON NOVEMBER 10TH, 2021 AND THE CONSULTANT CONCLUDED THAT NO REBATE WAS DUE. TRUSTEES 39400 SCHOLARSHIP MERIT SCHOLARSHIP SCHEDULE L, PART III: GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONSTHE COLLEGE GRANTED A SCHOLARSHIP TO TWO STUDENTS WHO ARE CHILDREN OF CURRENT BOARD TRUSTEES. THE COLLEGE ENSURED THE GRANT WAS AWARDED BASED ON MERIT TO THE ELIGIBLE STUDENTS, WHO MET THE REQUIRED ACADEMIC STANDING. THE TRUSTEES DID NOT HAVE ANY INFLUENCE IN THE DECISION MAKING PROCESS FOR AWARDING SCHOLARSHIPS. X 19 123050 AVG. HIGH/LOW METHOD 0 0 0 PART I, COLUMN (B): THE QUANTITIES LISTED IN PART I, COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS MADE, NOT THE NUMBER OF ITEMS. FORM 990, PART V, LINE 1A: FORM 1096 REPORTING AMOUNT REPORTED IN BOX 3 OF FORM 1096 INCLUDES 2,490 FORMS 1098-T. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS THE COLLEGE HAS MEMBERS WHO ARE RELIGIOUS INDIVIDUALS IN SOLEMN VOWS. FORM 990, PART VI, SECTION A, LINE 7A MEMBER OR STOCKHOLDERS THE COLLEGE'S MEMBERS ELECT EIGHT INDIVIDUALS TO THE GOVERNING BOARD. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OR STOCKHOLDERS QUESTIONS REGARDING THE MISSION, ISSUANCE OF DEBT, SITING OF BUILDINGS AND DISPOSITION OF CAMPUS PROPERTY ARE SUBJECT TO APPROVAL BY THE MEMBERS OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY MANAGEMENT OF THE COLLEGE AND REVIEWED BY TAX ADVISORS FROM AN INDEPENDENT ACCOUNTING FIRM. THE DRAFT FORM 990 IS THEN REVIEWED BY THE AUDIT COMMITTEE AND RECOMMENDED FOR APPROVAL BY THE GOVERNING BODY. SUBSEQUENTLY, THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY WITH OPPORTUNITY TO RAISE QUESTIONS OR ISSUES. AFTER RESOLUTION AND PRIOR TO FILING THE FORM 990 WITH THE IRS, THE DRAFT FORM 990 IS SUBMITTED FOR APPROVAL BY THE EXECUTIVE COMMITTEE OF THE COLLEGE'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT A WRITTEN COPY OF THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO THE TRUSTEES OF THE GOVERNING BOARD AND OFFICERS WHO ARE ASKED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM, INDICATING THEY ARE IN COMPLIANCE WITH THE POLICY AND/OR DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST. THE PRESIDENT'S OFFICE RECEIVES AND REVIEWS THE RESPONSES TO DETERMINE IF THERE ARE ANY POTENTIAL CONFLICTS THAT NEED TO BE DISCLOSED, DISCUSSED AND/OR MITIGATED. IN ACCORDANCE WITH THE POLICY "A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING." FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION COMPENSATION PROCESS FOR TOP OFFICIALS: THE COMPENSATION AMOUNT FOR THE PRESIDENT POSITION IS DETERMINED BASED UPON AN ANALYSIS OF COMPENSATION AMOUNTS FOR THE SAME POSITION AT INSTITUTIONS OF SIMILAR SIZE, SCOPE, AND GEOGRAPHIC LOCATION, COMPLETED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION FOR THE PRESIDENT WAS REVIEWED UPON HIRE IN JULY 2019 AND AGAIN IN THE SPRING OF 2022. COMPENSATION PROCESS FOR OFFICERS AND HIGHEST PAID EMPLOYEES: THE COMPENSATION AMOUNT FOR OFFICERS AND HIGHEST PAID EMPLOYEES IS DETERMINED BASED UPON AN ANALYSIS OF COMPENSATION AMOUNTS FOR THE SAME POSITION AT INSTITUTIONS OF SIMILAR SIZE, SCOPE, GEOGRAPHIC LOCATION AND CUPA HR. THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR THE REVIEW AND APPROVAL OF THE COMPENSATION OF THE PRESIDENT, OFFICERS AND HIGHEST PAID EMPLOYEES. COMPENSATION DECISIONS AND REPORTS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE MEETING OF THE COMPENSATION COMMITTEE WHEN THE DECISIONS ARE MADE. REVIEWS ARE USUALLY PERFORMED ON AN AD HOC BASIS AS NEEDS ARISE BUT A FULL STUDY OF ALL SENIOR LEADERSHIP POSITIONS WAS CONDUCTED IN THE SPRING OF 2022. THE PERSONNEL REVIEW COMMITTEE IS COMPRISED OF VICE PRESIDENT FOR FINANCE & CFO, EXECUTIVE DIRECTOR OF HUMAN RESOURCES AND THE ASSISTANT VICE PRESIDENT FOR FINANCE. THE PERSONNEL REVIEW COMMITTEE REVIEWS ANY POSITION OVER $15,000 AND CONSULTS WITH THE PRESIDENT ON ANY POSITION WITH A SALARY OVER $125,000. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO FACULTY, STAFF AND STUDENTS VIA ITS INTERNAL PORTAL. GOVERNING DOCUMENTS AS WELL AS THE FILED FORMS 990 ARE AVAILABLE TO THE GREATER PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -1,222,670. SAINT ANSELM ABBEY 100 SAINT ANSELM DRIVE MANCHESTER NH 03102 264322319 MONASTERY NH 501(C)(3) LINE 1 N/A 0 BENEDICTINE FATHERS OF THE PRIORY 320 PORTOLA ROAD PORTOLA VALLEY CA 94028 941399274 HIGH SCHOOL CA 501(C)(3) LINE 2 N/A 0 CHARITABLE REMAINDER TRUSTS (8) 100 SAINT ANSELM DRIVE MANCHESTER NH 03102 EDUCATION NH N/A 0 0 0 0 0 1 0 0 0 0 0 1 1 1 1 1 1 1 1 1