2022-05-13T08:55:50-05:00 2021-06-30 366055558 GRANT THORNTON LLP 75 STATE ST 13TH FLOOR BOSTON MA 02109 990 2020-07-01 020222182 SAINT ANSELM COLLEGE SAIN 6036417000 100 SAINT ANSELM DRIVE MANCHESTER NH 03102 WILLIAM FURLONG VP OF FINANCE & CFO 6036417000 2022-05-13 1 WILLIAM FURLONG XXX-XX-XXXX ERIN COUTURE P01390592 6177237900 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR JOSEPH A FAVAZZA 100 SAINT ANSELM DRIVE MANCHESTER NH 03102 205764178 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. 42 38 1668 175 596342 0 13900585 15490079 112497559 115430651 10536090 14313658 0 0 136934234 145234388 47750081 50599794 0 0 49254211 44180361 0 0 4521378 33638391 33448662 130642683 128228817 6291551 17005571 315292787 372219645 103465076 97558306 211827711 274661339 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 116547227 50599794 115430651 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. 116547227 1 1 0 0 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 2892 0 1 1668 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 42 38 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 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 X WILLIAM FURLONG 6036417100 100 SAINT ANSELM DRIVE MANCHESTER NH 03102 DR JOSEPH FAVAZZA PRESIDENT 40.00 0.00 X X 428472 0 66578 MR JAMES F FLANAGAN SR. VP OF COLLEGE ADVANCEMENT 40.00 0.00 X 266369 0 110926 MR WILLIAM FURLONG VP OF FINANCE, CFO 40.00 0.00 X 202544 0 78776 MR NEIL LEVESQUE EXECUTIVE DIRECTOR NHIOP 40.00 0.00 X 180196 0 24034 MR STEVEN GOETSCH VP OF ENROLLMENT 40.00 0.00 X 178818 0 24291 MR STEVEN MCDEVITT CHIEF INFORMATION OFFICER 40.00 0.00 X 176625 0 15589 DR GARY BOUCHARD PROFESSOR 40.00 0.00 X 160258 0 23126 MR DARON MONTGOMERY DIRECTOR OF ATHLETICS 40.00 0.00 X 159359 0 22637 DR ALICIA FINN - VP OF STUDENT AFFAIRS & DEAN OF STUDENTS STAFF 40.00 0.00 X 161444 0 20036 DR STEVEN R DISALVO FORMER PRESIDENT 0.00 0.00 X 177692 0 0 MR JOHN DAVIS AVP OF COLLEGE ADVANCEMENT 40.00 0.00 X 145815 0 24089 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 DR DENISE T ASKIN BOARD MEMBER (THRU 10/2020) 1.00 0.00 X 0 0 0 MS SUSAN D CABANA BOARD MEMBER 1.00 0.00 X 0 0 0 MS ANN M CATINO ESQ BOARD MEMBER (THRU 10/2020) 1.00 0.00 X 0 0 0 DR MARIE C CHABOT-FLETCHER BOARD MEMBER (THRU 10/2020) 1.00 0.00 X 0 0 0 MS SUSAN M CONNELLY BOARD MEMBER (AS OF 11/2020) 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 MR CHARLES A CROWLEY BOARD MEMBER (THRU 10/2020) 1.00 0.00 X 0 0 0 MS JEANETTE M DAVILA BOARD MEMBER (AS OF 11/2020) 1.00 0.00 X 0 0 0 REV JEROME J DAY OSB BOARD MEMBER 1.00 0.00 X 0 0 0 MS GERALDINE H DELUCA BOARD MEMBER (THRU 10/2020) 1.00 0.00 X X 0 0 0 REV BERNARD W DISCO OSB BOARD MEMBER (AS OF 03/2021) 1.00 0.00 X 0 0 0 REV MATHIAS D DURETTE OSB BOARD MEMBER (AS OF 07/2020) 1.00 0.00 X 0 0 0 DR MARGARET A EMMONS BOARD MEMBER (AS OF 11/2020) 1.00 0.00 X 0 0 0 MS SHEILA O EVJY BOARD MEMBER (AS OF 10/2020) 1.00 0.00 X 0 0 0 MSGR WILLIAM P FAY BOARD MEMBER (AS OF 10/2020) 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 MR ADAM B GHANDER ESQ BOARD MEMBER (THRU 12/2020) 1.00 0.00 X 0 0 0 MR KENNETH J GOODCHILD BOARD MEMBER 1.00 0.00 X 0 0 0 MR KEVIN J GOULD BOARD MEMBER (THRU 10/2020) 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 MR ROGER L JEAN BOARD MEMBER (THRU 10/2020) 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 (AS OF 11/2020) 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 (AS OF 06/2021) 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 (AS 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753204661 CONSTRUCTION SERVICES 177202 BLUE SPRUCE TECHNOLOGIES INC 50 POINT PLACE SUITE 9 DURHAM NH 038204753 TECHNOLOGY SERVICES 168479 14 6466297 9023782 134956 15490079 STUDENT TUITION & FEES 611710 86671846 86671846 STUDENT ROOM & BOARD 611710 26667774 26667774 AUXILIARY REVENUE 900099 2091031 2091031 115430651 745294 596342 148952 74087154 11000 60529790 0 13557364 11000 13568364 13568364 145234388 115430651 596342 13717316 50599794 50599794 1497209 369379 462826 665004 177692 154692 13197 9803 31577599 27490266 2345321 1742012 2288694 2072388 102166 114140 6313386 5585418 314175 413793 2325781 2148442 59007 118332 154404 154404 141324 141324 2792 2792 426657 426657 4920174 4372670 382685 164819 468637 340080 51967 76590 4762874 3914095 599889 248890 1440933 1014822 274418 151693 2987988 2732176 197452 58360 336663 287146 2209 47308 128544 114909 11834 1801 2971408 2691501 181387 98520 6306367 4783547 986826 535994 598296 328437 260402 9457 DINING SERVICES COGS 6447617 6447617 MAINTENANCE 791617 663183 98045 30389 MEMBERSHIPS 358484 252296 80868 25320 BOOKS AND PERIODICALS 203883 184369 10361 9153 128228817 116547227 7160212 4521378 3780605 3187116 13629664 20246507 8997526 9126445 1999682 1345371 2121986 1698251 78587 60848 1267529 1008278 207410008 100095671 110976708 107314337 63361614 69321787 101610405 150660175 7468481 8250530 315292787 372219645 9760413 9945085 4860593 1955049 84745591 82226044 2545939 2090064 1552540 1342064 103465076 97558306 X 128652206 167509439 83175505 107151900 211827711 274661339 315292787 372219645 X 17005571 44462393 1365664 X 0 1 X 1 1 1 X 8134638 6851955 9473030 13900585 15490079 53850287 8134638 6851955 9473030 13900585 15490079 53850287 4662178 49188109 656476 977074 1162111 1284028 148952 4228641 596342 596342 13070 7200 20270 58695540 551742705 0.83800 0.79160 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING EVENTS - 2016 AMOUNT: $ 13,070. 2017 AMOUNT: $ 7,200. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 2792 2792 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 164972020 3979914 57487195 2531038 3926129 219981962 164005484 7631349 34604 2968719 3730698 164972020 157951291 2832940 9603523 3906348 2475922 164005484 134654646 17851268 11838379 2752709 3640293 157951291 122871924 1271792 16572887 4994471 1067486 134654646 0.60520 0.21230 0.18250 0 0 15753258 15753258 146364443 65106466 81257977 44830621 34989205 9841416 461686 461686 107314337 EQUITIES 65371250 F PRIVATE EQUITY 40171354 F REAL ASSETS 21947112 F FLEXIBLE CAPITAL 23170459 F 150660175 SPLIT-INTEREST AGREEMENTS 1342064 1342064 X 140698232 44462393 -48571892 -4109499 144807731 426657 426657 145234388 77864604 -49937556 -49937556 127802160 426657 426657 128228817 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. 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 -49,937,556. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 1,365,664. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE -49,937,556. 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 ENDOWNMENT FOR THE HUMANITIES, 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 25487611 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 4847420 0 0 0 0 0 0 30335031 0 30335031 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 1952 48969571 RESIDENT ASSISTANT GRANTS 60 967985 HEERF AWARDS 536 567338 FELLOWSHIPS 70 94900 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 1 1 0 0 0 0 0 1 0 DR JOSEPH FAVAZZA PRESIDENT 347490 0 34500 0 46482 0 55799 0 10779 0 495050 0 0 0 MR JAMES F FLANAGAN SR. VP OF COLLEGE ADVANCEMENT 255029 0 10000 0 1340 0 22622 0 88304 0 377295 0 0 0 MR WILLIAM FURLONG VP OF FINANCE, CFO 201855 0 0 0 689 0 18154 0 60622 0 281320 0 0 0 MR NEIL LEVESQUE EXECUTIVE DIRECTOR NHIOP 179568 0 0 0 628 0 15807 0 8227 0 204230 0 0 0 MR STEVEN GOETSCH VP OF ENROLLMENT 178544 0 0 0 274 0 15912 0 8379 0 203109 0 0 0 MR STEVEN MCDEVITT CHIEF INFORMATION OFFICER 175527 0 0 0 1098 0 15058 0 531 0 192214 0 0 0 DR GARY BOUCHARD PROFESSOR 159486 0 0 0 772 0 14287 0 8839 0 183384 0 0 0 MR DARON MONTGOMERY DIRECTOR OF ATHLETICS 159000 0 0 0 359 0 14258 0 8379 0 181996 0 0 0 DR ALICIA FINN - VP OF STUDENT AFFAIRS & DEAN OF STUDENTS STAFF 159911 0 0 0 1533 0 14217 0 5819 0 181480 0 0 0 DR STEVEN R DISALVO FORMER PRESIDENT 0 0 0 0 177692 0 0 0 0 0 177692 0 0 0 MR JOHN DAVIS AVP OF COLLEGE ADVANCEMENT 145011 0 0 0 804 0 13310 0 10779 0 169904 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 TWO EMPLOYEES HAVE A MEMBERSHIP TO A LOCAL COUNTRY CLUB PAID FOR BY THE COLLEGE; THE PRESIDENT AND THE VICE PRESIDENT - COLLEGE ADVANCEMENT. 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, LINES 4A-B SEVERANCE PAYMENT DR. STEVEN R. DISALVO SEPARATED FROM THE COLLEGE IN JUNE 2019. BASED ON AN AGREEMENT SIGNED AT DEPARTURE, AND PURSUANT TO CERTAIN CONDITIONS, DR. DISALVO WILL RECEIVE TWO YEARS SALARY CONTINUATION AT A PERCENTAGE OF HIS BASE PAY. INCLUDED IN SCHEDULE J, PART II, COLUMN B(III) IS THE AMOUNT OF $177,692 PAID UNDER THE AGREEMENT. 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 2020 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. 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 18270826 237734 18033092 2018 0 0 0 1 C 61150000 556718 60593282 2020 1 0 0 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 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 TRUSTEES 52020 SCHOLARSHIP MERIT SCHOLARSHIP SCHEDULE L, PART III: GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONSTHE COLLEGE GRANTED A SCHOLARSHIP TO THREE 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 18 118136 AVG. HIGH/LOW METHOD X PROMOTIONAL ITEMS 23 16819 FMV 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 2,508 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 SIX 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 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 IS BEING PERFORMED IN 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 B, LINE 16B: DESCRIPTION OF JOINT VENTURE ARRANGEMENTS IN PRIOR YEARS, THE COLLEGE PARTNERED IN A REAL ESTATE DEVELOPMENT NOT FAR FROM THE COLLEGE. THE COLLEGE'S INVOLVEMENT WAS PURELY PASSIVE IN NATURE AND INSIGNIFICANT TO THE OVERALL OPERATIONS OF THE COLLEGE. IN FISCAL YEAR 2021, THE COLLEGE SOLD ITS INVESTMENT IN THIS JOINT VENTURE. THE BOARD OF TRUSTEES AND MANAGEMENT APPROVED ALL OF THE TRANSACTIONS LEADING UP THE COLLEGE'S INVOLVEMENT AND SALE OF THE PARTNERSHIP, AND ALL NEGOTIATIONS WERE CONDUCTED AT ARMS-LENGTH AND FAIR VALUE. 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 WIDELY AVAILABLE TO THE PUBLIC VIA ITS WEBSITE (WWW.ANSELM.EDU). THE FILED FORMS 990 FOR THE PRIOR THREE YEARS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 1,365,664. 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