2017-05-11T08:11:23-05:00 2016-06-30 GRANT THORNTON LLP 75 STATE STREET BOSTON MA 02109 990 2015-07-01 020222182 Saint Anselm College % DR HARRY E DUMAY SAIN 6036417000 100 SAINT ANSELM DRIVE MANCHESTER NH 03102 DR HARRY E DUMAY SR VP FINANCE & CFO 2017-05-10 true Robert J Butler Jr P00037953 6177237900 2017-05-10 2015 2021-01-29 14:40:06Z Dr Steven R Disalvo 100 Saint Anselm Drive Manchester NH 03102 138363997 false X www.anselm.edu X 1889 NH A Catholic, Benedictine College providing all its students a distinctive liberal arts education that incorporates opportunities for professional and career preparation. 40 38 1965 384 -79772 -90133 10895632 11140306 96429971 98577387 3862592 548772 2319 4393 111190514 110270858 32598766 33050725 0 0 41165039 42842173 0 0 3717991 29780816 31262880 103544621 107155778 7645893 3115080 267219179 264203610 88897319 91058755 178321860 173144855 X 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. (continued on schedule O) false false 94767864 33050725 98585387 EDUCATIONAL SERVICES - SAINT ANSELM COLLEGE, A NEW HAMPSHIRE NOT-FOR-PROFIT (VOLUNTARY) CORPORATION, IS A CATHOLIC UNDERGRADUATE LIBERAL ARTS COLLEGE IN THE BENEDICTINE TRADITION. THE COLLEGE WAS ESTABISHED IN 1889. IT IS ACCREDITED BY THE NEW ENGLAND ASSOCATION OF SCHOOLS AND COLLEGES. APPROXIMATELY 1,900 STUDENTS FROM APPROXIMATELY 31 STATES AND 8 FOREIGN COUNTRIES ATTEND THE COLLEGE. 94767864 true true false true false false false true false true true true false false true true true false true true true false true false true false false false true true true false false false false false false true false false false true false false false false true false false false true 2807 0 true 1965 true true true false false false false true true false false false false X 40 38 false false true false true true true true true false false true true true true true true true true true true NH X DR HARRY E DUMAY 6036417100 100 SAINT ANSELM DRIVE MANCHESTER NH 03102 DR DENISE T ASKIN board member 1.0 0.0 X 0 0 0 DR NANCY H BLATTNER board member 1.0 0.0 X 0 0 0 MR RICHARD L BREADY board member 1.0 0.0 X 0 0 0 MS ANN M CATINO ESQ vice-chair 2.0 0.0 X 0 0 0 DR MARIE C CHABOT-FLETCHER board member 1.0 0.0 X 0 0 0 MR JOEL I COHEN board member 1.0 0.0 X 0 0 0 MR ROBERT P CONNOR board member 1.0 0.0 X 0 0 0 MR CHARLES A CROWLEY board member 1.0 0.0 X 0 0 0 REV JEROME J DAY OSB board member 6.0 0.0 X 0 0 0 MS GERALDINE H DELUCA board member 1.0 0.0 X 0 0 0 REV BERNARD W DISCO OSB board member 1.0 0.0 X 0 0 0 MS CHRISTINE D DOUVILLE board member 1.0 0.0 X 0 0 0 MR STEPHEN J ELLIS board member 1.0 0.0 X 0 0 0 MSGR WILLIAM P FAY board member 1.0 0.0 X 0 0 0 MR DANIEL T FLATLEY board member 1.0 0.0 X 0 0 0 REV JOHN R FORTIN OSB board member 1.0 0.0 X 0 0 0 MR KENNETH J GOODCHILD board member 1.0 0.0 X 0 0 0 MR KEVIN J GOULD board member 1.0 0.0 X 0 0 0 MR JAMES L HAUSER ESQ board member 1.0 0.0 X 0 0 0 MR ROGER L JEAN secretary 2.0 0.0 X 0 0 0 MS ELIZABETH J KELLY board member 1.0 0.0 X 0 0 0 MR JOHN B LAVELLE board member 1.0 0.0 X 0 0 0 REV MARK S MASSA SJ board member 1.0 0.0 X 0 0 0 MR RICHARD J MEELIA board member 1.0 0.0 X 0 0 0 MR THOMAS A MELUCCI board member 1.0 0.0 X 0 0 0 BRO ISAAC S MURPHY OSB board member 40.0 0.0 X 0 0 0 MS DOROTHY R MUSHO board member 1.0 0.0 X 0 0 0 MR LAWRENCE J PASCAL ESQ board member 1.0 0.0 X 0 0 0 DR JOSEPH PEPE MD board member 1.0 0.0 X 0 0 0 MR FRANK P PFEFFER board member 1.0 0.0 X 0 0 0 REV BENET C PHILLIPS OSB board member 40.0 0.0 X 0 0 0 MR MICHAEL R ROCKETT board member 1.0 0.0 X 0 0 0 MS LISA KENNEDY SHELDON BOARD MEMBER 1.0 0.0 X 0 0 0 MS JOANNE PIETRINI-SMITH CHAIR 2.0 0.0 X 0 0 0 MR BARRY F X SMITH TREASURER 2.0 0.0 X 0 0 0 MR JOSEPH E SWEENEY BOARD MEMBER 1.0 0.0 X 0 0 0 BRO ANDREW L THORNTON OSB BOARD MEMBER 6.0 0.0 X 0 0 0 MR JOHN A VACCARO BOARD MEMBER 1.0 0.0 X 0 0 0 RIGHT REV MARK A COOPER OSB CHANCELLOR 10.0 0.0 X X 0 0 0 DR STEVEN R DISALVO PRESIDENT 40.0 0.0 X X 334269 0 48130 DR HARRY E DUMAY SR. VP OF FINANCE & CFO 40.0 0.0 X 233967 0 20067 MR JAMES F FLANAGAN SR. VP OF COLLEGE ADVANCEMENT 40.0 0.0 X 208816 0 46195 DR JOSEPH M HORTON VP STUDENT AFFAIRS 40.0 0.0 X 151998 0 32008 MS PATRICIA R SHUSTER VP HUMAN RESOURCES & ADMIN 40.0 0.0 X 140558 0 33962 DR DERK A WIERDA CHEMISTRY DEPARTMENT CHAIR 40.0 0.0 X 133712 0 11342 DR MARK W CRONIN DEAN OF THE COLLEGE 40.0 0.0 X 126809 0 33764 DR GARY M BOUCHARD ENGLISH DEPARTMENT CHAIR 40.0 0.0 X 126791 0 37537 1456920 0 263005 33 false true false SAINT ANSELM ABBEY 100 SAINT ANSELM DRIVE MANCHESTER NH 03102 monastic services 738588 RUFFALO NOEL LEVITZ LLC PO BOX 718 DES MOINES IA 503030718 ENROLLMENT SERVICES 237776 PURITAN PRESS 95 RUNNELS BRIDGE ROAD HOLLIS NH 03049 GRAPHIC DESIGN 225398 MENTAL HEALTH COLLABORATIVE PLLC 402 AMHERST STREET SUITE 202 NASHUA NH 03063 HEALTH SERVICES 173465 WORLDSTRIDES INTERNATIONAL LLC 32 N AUGUSTA STREET STAUNTON VA 24401 TRAVEL SERVICES 163930 9 40457 1199723 9900126 182726 11140306 STUDENT TUITION & FEES 611710 71753922 71753922 STUDENT ROOM, BOARD & OTHER AUXILIARY 611710 26823465 26823465 98577387 728349 -81511 809860 0 0 0 0 0 27880182 8000 28067759 -187577 8000 -179577 8000 1739 -189316 29773 40457 25380 4393 4393 0 0 0 110270858 98585387 -79772 624937 0 32690381 32690381 360344 360344 0 970294 88287 403025 478982 0 29464071 25271781 2547612 1644678 1982219 1693973 194688 93558 8333878 6757404 1386933 189541 2091711 1761500 202464 127747 0 62752 5332 57420 106128 106128 75000 75000 0 348560 348560 3629283 2945143 573005 111135 248180 220260 18368 9552 3687395 3064912 400991 221492 1437758 1015002 308537 114219 0 3043866 2767197 237584 39085 1904483 1692271 91417 120795 0 339359 304407 17627 17325 2870866 2669801 146846 54219 0 4711073 3708139 732682 270252 460305 221492 234147 4666 DINING SERVICE COGS 6108181 5897055 70725 140401 MAINTENANCE 1078799 943269 105823 29707 BOOKS AND PERIODICALS 248083 247754 325 4 OTHER EXPENSES 902809 442160 410016 50633 107155778 94767864 8669923 3717991 1727390 1449767 12112784 10375216 6166790 10016638 559945 895407 0 0 0 0 3447703 3315206 583075 588291 1656813 1245985 169827475 75149026 95413773 94678449 57734667 51299357 79259775 81996419 0 0 0 0 8556464 8342875 267219179 264203610 8415517 7494391 0 0 533671 403920 64852014 63429084 0 0 0 0 0 0 3445927 3399823 11650190 16331537 88897319 91058755 X 113945917 106568312 26561142 25917560 37814801 40658983 178321860 173144855 267219179 264203610 X 3115080 -3886660 -4405425 X false true X true true true X 5485792 7451298 8261587 10895632 11140306 43234615 0 0 5485792 7451298 8261587 10895632 11140306 43234615 9374659 33859956 1835341 1587132 1719259 1040738 809860 6992330 0 25167 27543 26219 34507 29773 143209 50370154 460601961 0.67222 0.63854 X SCHEDULE A, PART II, LINE 10 GROSS RECEIPTS FROM FUNDRAISING EVENTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 75000 75000 false SCHEDULE C, PART II-B, LINE 1 PAYMENTS ARE MADE TO GRANITE EDGE CONSULTING, LOCATED IN CONCORD, NH; NH LOBBYIST REGISTRATION #40754. GRANITE EDGE CONSULTING LOBBIES The NEW HAMPSHIRE LEGISLATURE ON BEHALF OF THE COLLEGE IN REGARDS TO ISSUES AFFECTING HIGHER EDUCATION AND BUDGET APPROPRIATIONS. 0 0 0 0 X X X false 130027419 1974167 -3142221 4801470 1185971 122871924 126278878 7626072 345916 3349590 873857 130027419 106304526 4519140 18589503 2729933 404358 126278878 85274353 12881696 10302552 3197124 -1043049 106304526 83896106 6134914 -1879781 2630031 246855 85274353 0.60710 0.27220 0.12070 false false 13871656 13871656 115016846 47403728 67613118 39711460 27745298 11966162 1227513 1227513 94678449 EQUITIES 38720265 F FLEXIBLE CAPITAL 22201703 F REAL ASSETS 12277740 F PRIVATE EQUITY 8796711 F 81996419 0 INTEREST RATE SWAP AGREEMENTS 14582883 SPLIT INTEREST AGREEMENTS 1748654 16331537 X 68608866 -3886662 -37426770 -41313432 109922298 348560 348560 110270858 73785873 -33021345 -33021345 106807218 348560 348560 107155778 Schedule D, Part III, Line 1 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. Schedule D, Part III, Line 4 The college holds certain collections of works of art and furnishings. These collections are housed in a protected environment and are used for exhibitions for the public, for education and research, as well as for the furtherance of service to the public. Schedule D, Part V, Line 4 The college's endowment consists of board-designated and funds contributed to the college, the income from which is to be used for scholarships, capital improvements, faculty expenses, and library acquisitions. Schedule D, Part X, Line 2 The college is a non-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. It is the College's policy to record estimated interest and penalties (if any) as part of management and general expense (institutional support). Schedule D, Part XI, Line 2d Scholarship Expense -33,046,725 Unrealized Loss on interest rate swap agreements -4,405,425 Direct fundraising Expenses 25,380 ------------- Total -37,426,770 Schedule D, Part XII, Line 2d Scholarship Expense -33,046,725 Direct Fundraising Expenses 25,380 ------------- Total -33,021,345 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 As the college draws students throughout the northeastern United States, it is impractical to solicit students via newspaper or broadcast media. Therefore, its racial nondiscriminatory policy is communicated through recruitment material and the colleges website. The Colleges policy states: "it is the policy of saint anselm college, while reserving its lawful rights where appropriate to take actions designed to ensure and promote the Benedictine, catholic principles that sustain its mission and heritage, to comply with all applicable laws prohibiting discrimination on the basis of race, color, national origin, religion, sex, disability, marital status, age, sexual orientation, or veteran status in its employment, programs or activities." Schedule E, Part I, Line 6 The college receives amounts for student financial assistance from the U.S. Department of Education. It also received various other grants from the U.S Department of Health and Human Services, the National Science Foundation, the National Endowment of the Arts, the Environmental Protection Agency as well as amounts from the state of New Hampshire. true Central America and the Caribbean Investments 20762105 Europe (Including Iceland and Greenland) Grantmaking SCHOLARSHIPS 323744 South America Grantmaking SCHOLARSHIPS 31600 Russia and the Newly Independent States Grantmaking SCHOLARSHIPS 5000 Europe (Including Iceland and Greenland) 4 Program Services INSTRUCTION 37233 North America Program Services Instr/student services 14173 East Asia and the Pacific Program Services INSTRUCTION 4356 Middle East and North Africa Program Services INSTRUCTION 500 4 4 21178711 21178711 Scholarships Europe (Including Iceland and Greenland) 39 323744 See part v Scholarships South America 5 31600 see part V Scholarships Russia and the Newly Independent States 1 5000 see part V true false true true true false Schedule F, Part I, Line 2 & Schedule F, Part III, Column (e) Scholarships are applied to students' accounts to reduce the balance due to the college for tuition and fees. No cash disbursements of scholarship funds are made to students, so there are no expenditures of scholarship funds to monitor after the initial posting to the students' accounts. Schedule F, Part I, Line 3 Expenditures were for instruction as part of the college's study abroad program, other faculty expenses, sports equipment, books and a subscription for the college's library and other program-related supplies. Schedule F, Part IV The college has certain alternative investments that it may make transfers to or generate ownership interests 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. Golf Tournament 70230 40457 29773 4411 8424 4424 8121 0 70230 40457 29773 4411 8424 4424 8121 25380 4393 true SCHOLARSHIPS 1742 32686381 FELLOWSHIPS 1 4000 Schedule I, part I, Line 2 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 X true true X X X X false true false false false false false true false DR STEVEN R DISALVO PRESIDENT 275173 0 20000 0 39096 0 22525 0 25605 0 382399 0 0 0 DR HARRY E DUMAY SR. VP OF FINANCE & CFO 223848 0 10000 0 119 0 19109 0 958 0 254034 0 0 0 MR JAMES F FLANAGAN SR. VP OF COLLEGE ADVANCEMENT 201316 0 7500 0 0 17729 0 28466 0 255011 0 0 0 DR JOSEPH M HORTON VP STUDENT AFFAIRS 145794 0 5000 0 1204 0 12913 0 19095 0 184006 0 0 0 MS PATRICIA R SHUSTER VP HUMAN RESOURCES & ADMIN 132620 0 7500 0 438 0 12034 0 21928 0 174520 0 0 0 DR MARK W CRONIN DEAN OF THE COLLEGE 123914 0 2500 0 395 0 11023 0 22741 0 160573 0 0 0 DR GARY M BOUCHARD ENGLISH DEPARTMENT CHAIR 126486 0 0 0 305 0 11457 0 26080 0 164328 0 0 0 Schedule J, part I, Line 1a The president of the college lives in an off-campus house the rental 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. 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. 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. Schedule J, part I, Line 4 The president's contract contains a long-term nonqualified deferred compensation plan. Deferred compensation totaling $31,000 was accrued as of 6/30/16; no amounts were contributed during calendar year 2015. Additionally, the president's contract contains a provision for certain termination benefits. For termination under certain conditions, the provisions include continuation of current salary at the rate in effect as of the date of termination for the lesser of 12 months following the termination date or the expiration of his current contract. Schedule J, part I, Line 7 A 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 HEALH & EDUCATION FACILITIES AUTHORITY 020279866 644614ys2 2009-07-01 61415000 CURRENT REFUNDING OF REVENUE BONDS false false false B NH HEALTH & EDUCATION FACILITIES AUTHORITY 020279866 6446142A6 2013-07-25 11726280 NEW DORMITORY AND ELECTRICAL SUBST false false false A 9090000 0 61415000 0 0 0 0 0 0 0 61415000 0 2012 true false true true B 0 0 11726280 0 0 0 190353 0 0 11535927 0 0 2014 false false true true A false false false false 0 true false false true B false false false false 0 true false false true A true true true PIPER JAFFRAY & CO 23.9 false false false 0 false true B true false false 0 false 0 false true A true B true 5000 SCHOLARSHIP MERIT SCHOLARSHIP Schedule L, Part III The College granted a scholarship to a student who is the child of a current board trustee. The college ensured the grant was awarded based on merit to the eligible student, who met the required academic standing. The trustee does not have any influence in the decision making process for awarding scholarships. X 71390 FAIR MARKET VALUE X 16 69619 Fair Market Value X Event catering/supplies 33 35968 Fair Market Value X Sports Equipment 8 5749 Fair Market Value 1 false true false Schedule M, Part I The quantities listed in part I, column B represent the number of contributions made, not the number of items. Form 990, Part III, Line 1 (continued) 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. Form 990, Part VI, Section A, Line 4 In September 2015, the colleges board of trustees voted to approve changes to the colleges bylaws which had last been approved in January 2009. The new bylaws do not make any significant change in the governance of the college. Rather, they clarified the reserved powers of the members of the corporation and the boards role in key aspects of the colleges functioning such as the appointment and supervision of the colleges president and the revision of the faculty handbook. Form 990, Part VI, Section A, Line 6 The college has members who are religious individuals in solemn vows. Form 990, Part VI, Section A, Line 7a The college's members elect six individuals to the governing board. Form 990, Part VI, Section A, Line 7b 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 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 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 Compensation process for top officials: The compensation for the CEO position is determined based upon an analysis of compensation for the same position at institutions of similar size, scope, and geographic location. Compensation process for officers and highest paid employees: The compensation for officers and highest paid employees is determined based upon an analysis of compensation 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. The compensation committee is comprised of the Sr. Vice President for Finance & CFO, Vice president of Human Resources & Administration and for any position with a salary grade of 12 or above, by the president. The president position is subject to an annual performance review by the board of trustees, which is utilized in conjunction with determining discretionary compensation. Compensation decisions and reports are contemporaneously documented in the minutes of the meeting of the compensation committee and/or board of trustees. Form 990, Part VI, Section B, Line 16b The college is a partner in a real estate development within close proximity to the college. The college owned unusable land, sold the land, and took interest in a partnership that will develop housing and rental units. The college receives a federal form k-1 each period reporting rental income that passes through to the college. The college's involvement is purely passive in nature and no unrelated business income was earned in FY16 nor is expected from the partnership in the future. This passive activity is insignificant to the overall operations of the college, provides a small passive revenue stream to the college, helped relieve the college of unusable land and provides the Manchester community an opportunity to build housing near the college. The board of trustees and management approved all of the transactions leading up the college's involvement in the partnership, and all negotiations were conducted at arms-length and fair value. Form 990, Part VI, Section C, Line 19 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 and financial statements are available upon request. Form 990, Part XI, Line 9 Unrealized Loss on interest rate swap agreements for the period July 1, 2015 - June 30, 2016 amounted to $4,405,425. Saint Anselm Abbey 100 Saint Anselm Drive Manchester NH 03102 264322319 Monastery NH 501(c)(3) 1 na false Benedictine Fathers of the Priory 320 portola road portola valley CA 94028 941399274 high school CA 501(c)(3) 2 na false Charitable Remainder Trusts (8) 100 saint anselm drive Manchester NH 03102 education NH na T false false false false true false false false false false true true true true true true true true true