2016-05-13T12:10:05-05:00 2015-06-30 GRANT THORNTON LLP 75 STATE STREET BOSTON MA 02109 990 2014-07-01 020222182 Saint Anselm College % HARRY E DUMAY SAIN 6036417000 100 SAINT ANSELM DRIVE MANCHESTER NH 03102 DR HARRY E DUMAY VP for Finance & cfo 6036417000 2016-05-16 true ROBERT J BUTLER JR P00037953 6177237900 2016-05-16 2014 2016-08-17 19:52:53Z Dr Steven R Disalvo 100 Saint Anselm Drive Manchester NH 03102 134566670 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. 39 37 1950 295 -8957 -14457 8261587 10895632 91859333 96429971 12448814 3862592 7032 2319 112576766 111190514 32872370 32598766 0 0 39025776 41165039 0 0 3331376 28591083 29780816 100489229 103544621 12087537 7645893 266181568 268152165 91484829 89830305 174696739 178321860 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 91765934 32598766 96522016 EDUCATIONAL SERVICES - SAINT ANSELM COLLEGE, A NEW HAMPSHIRE NOT-FOR-PROFIT (VOLUNTARY) CORPORATION IS A CATHOLIC UNDERGRADUATE LIBERAL ARTS COLLEGE IN THE BENEDICTINE TRADTION. THE COLLEGE WAS ESTABISHED IN 1889. IT IS ACCREDITED BY THE NEW ENGLAND ASSOCATION OF SCHOOLS AND COLLEGES. APPROXIMATELY 1,900 STUDENTS FROM APPROXIMATELY 32 STATES AND 8 FOREIGN COUNTRIES ATTEND THE COLLEGE. 91765934 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 2800 0 true 1950 true true true false false false false true true false false false false X 39 37 false false false false true true true true true false false true true true true true true true true true true NH X 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 board member 1.0 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 vice-chair 2.0 0.0 X 0 0 0 MR JAMES L HAUSER ESQ board member 1.0 0.0 X 0 0 0 MR EDWARD A HJERPE 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 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 JOANNE PIETRINI-SMITH CHAIR of the board of trustees 2.0 0.0 X 0 0 0 MR BARRY FX 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 40.0 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 307762 0 47530 DR HARRY E DUMAY VP FOR FINANCE AND CFO 40.0 0.0 X 216445 0 18556 MR JAMES F FLANAGAN VP OF COLLEGE ADVANCEMENT 40.0 0.0 X 199754 0 44485 DR JOSEPH M HORTON VICE PRESIDENT STUDENT AFFAIRS 40.0 0.0 X 143205 0 37082 MS PATRICIA R SHUSTER VP HUMAN RESOURCES AND ADMIN. 40.0 0.0 X 133595 0 33714 MR DENNIS SWEETLAND PROFESSOR 40.0 0.0 X 126198 0 32203 MR DERK A WIERDA CHEMISTRY DEPARTMENT CHAIR 40.0 0.0 X 123412 0 10414 1250371 0 223984 31 false true false SAINT ANSELM ABBEY 100 SAINT ANSELM DRIVE MANCHESTER NH 03102 monastic services 843634 RUFFALO NOEL LEVITZ LLC PO BOX 718 DES MOINES IA 503030718 ENROLLMENT SERVICES 279923 PURITAN PRESS 95 RUNNELS BRIDGE ROAD HOLLIS NH 03049 GRAPHIC DESIGN 211583 MENTAL HEALTH COLLABORATIVE PLLC 402 AMHERST STREET SUITE 202 NASHUA NH 03063 HEALTH SERVICES 170563 ACADEMIC PROGRAMS INTERNATIONAL 301 CAMP CRAFT ROAD 100 AUSTIN TX 78746 INSTRUCTION ABROAD 170439 8 44054 943773 9907805 305197 10895632 STUDENT TUITION & FEES 611710 70745736 70745736 STUDENT ROOM, BOARD & OTHER AUXILIARY 611710 25684235 25684235 96429971 1029766 -14443 1044209 0 0 0 0 0 26084749 92045 23343968 2740781 92045 2832826 92045 5486 2735295 34507 44054 32188 2319 2319 0 0 0 111190514 96522016 -8957 3781823 0 32269134 32269134 329632 329632 0 573164 573164 0 28886175 24781537 2437850 1666788 1977695 1697177 177435 103083 7695511 6120524 1380206 194781 2032494 1727299 191807 113388 0 92559 15209 72285 5065 93733 93733 75000 75000 0 300157 300157 3448809 2994081 325910 128818 293085 180536 34994 77555 3519332 2868160 407668 243504 1340267 939129 291475 109663 0 3181343 2933185 208396 39762 1438023 1215730 95001 127292 0 442406 393247 23611 25548 2897456 2694529 147689 55238 0 4418846 3434272 716566 268008 438636 207842 226776 4018 DINING SERVICE COGS 6034105 5836050 66757 131298 MAINTENANCE 907181 797601 87932 21648 BOOKS AND PERIODICALS 218580 218131 345 104 OTHER EXPENSES 641298 112929 512554 15815 103544621 91765934 8447311 3331376 1052550 1727390 14018426 12112784 4637624 5980509 948802 746226 0 0 0 0 3503292 3447703 669861 583075 2378067 2589799 165892226 70478453 93762546 95413773 57479780 57734667 79000578 79259775 0 0 0 0 8730042 8556464 266181568 268152165 9675525 8415517 0 0 375351 533671 67185000 65785000 0 0 0 0 0 0 3520833 3445927 10728120 11650190 91484829 89830305 X 113742518 113945917 26121215 26561142 34833006 37814801 174696739 178321860 266181568 268152165 X 7645893 -2960940 -1059832 X false true X true true true X 6425271 5485792 7451298 8261587 10895632 38519580 0 0 6425271 5485792 7451298 8261587 10895632 38519580 8772471 29747109 1714092 1835341 1587132 1719259 1040738 7896562 0 56314 25167 27543 26219 34507 169750 46585892 443361062 0.63854 0.77580 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. X X X false 126278878 7626072 345916 3349590 873857 130027419 106304526 4519140 18589503 2729933 404358 126278878 85274353 12881696 10302552 3197124 -1043049 106304526 83896106 6134914 -1879781 2630031 246855 85274353 68661499 738330 15740561 2450595 -1296311 83986106 0.61840 0.24210 0.13950 false false 13594782 13594782 112741917 44334016 68407901 38188282 26144437 12043845 1367245 1367245 95413773 EQUITIES 39554239 F FLEXIBLE CAPITAL 22675397 F REAL ASSETS 10552377 F PRIVATE EQUITY 6477762 F 79259775 0 INTEREST RATE SWAP AGREEMENTS 10177458 SPLIT INTEREST AGREEMENTS 1472732 11650190 X 74270659 -2960910 -33658788 -36619698 110890357 300157 300157 111190514 103244464 103244464 300157 300157 103544621 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 exhibitions 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 way. Accordingly, these collections are not capitalized or recorded for purposes of these 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 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 the financial statements. Schedule D, Part XI, Line 2d Scholarship Expense -32,566,768 Unrealized Loss on interest rate swap agreements -1,059,832 Direct fundraising Expenses -32,188 ------------- Total -33,658,788 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 college's website. The college's 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 receives various other grants from the U.S. Department of commerce, the U.S. Department of Health and Human Services and the National Science Foundation as well as amounts from the state of New Hampshire. true Central America and the Caribbean Investments 17108302 Europe (Including Iceland and Greenland) Grantmaking Scholarships 272282 East Asia and the Pacific Grantmaking Scholarships 57350 Europe (Including Iceland and Greenland) 4 Program Services Instruction 46631 Central America and the Caribbean 2 Program Services Instruction 21531 East Asia and the Pacific Program Services Instruction/Student Sv 7644 North America Program Services Student Services 3232 Middle East and North Africa Program Services Instruction 1182 6 6 17518154 17518154 Scholarships Europe (Including Iceland and Greenland) 39 272282 see part v Scholarships East Asia and the Pacific 9 57350 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, art work acquisition, sports equipment, a book subscription for the college's library and other program-related supplies. golf tournament 78561 44054 34507 14770 8895 5145 3378 0 78561 44054 34507 14770 8895 5145 3378 32188 2319 true Scholarships 1778 32237134 Fellowships 8 32000 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 true true X X X X false false false false false false false true false DR STEVEN R DISALVO PRESIDENT 257762 0 20000 0 30000 0 22525 0 25005 0 355292 0 0 0 DR HARRY E DUMAY VP FOR FINANCE AND CFO 206445 0 10000 0 0 0 17621 0 935 0 235001 0 0 0 MR JAMES F FLANAGAN VP OF COLLEGE ADVANCEMENT 190754 0 9000 0 0 0 16995 0 27490 0 244239 0 0 0 DR JOSEPH M HORTON VICE PRESIDENT STUDENT AFFAIRS 135705 0 7500 0 0 0 12094 0 24988 0 180287 0 0 0 MS PATRICIA R SHUSTER VP HUMAN RESOURCES AND ADMIN. 126095 0 7500 0 0 0 11475 0 22239 0 167309 0 0 0 MR DENNIS SWEETLAND PROFESSOR 126198 0 0 0 0 0 11173 0 21030 0 158401 0 0 0 Schedule J, part I, Line 1a 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. 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 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 any personal usage is added to the employer's taxable compensation in accordance with applicable tax law. Schedule J, part I, Line 4 The president's contract contains provisions for certain termination benefits. These 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 on June 30, 2016. The contract also calls for the reimbursement of any COBRA benefits in the same relative proportion by the college and the president as in effect on the termination date. These reimbursements would cease on the earlier of the end of the maximum period for COBRA continuation or the president becoming eligible to participate in another group health plan. 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 HEALTH & 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 12000000 CONSTRUCTION OF NEW DORMITORY AND false false false A 0 0 61415000 0 0 61415000 0 0 0 0 0 0 2012 true false true true B 0 0 12000000 0 0 0 463761 0 0 11536239 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 17 237805 Fair Market Value X Event tickets, gift cards and other raffle items 145 28427 Fair Market Value X Event catering and supplies 5 17741 Fair Market Value X Sports Equipment 2 14656 Fair Market Value X Printed Materials 1 5000 Fair Market Value X Nursing equipment 1 1483 Fair Market Value 7 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 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 amount for the CEO position is determined based upon an analysis of compensation amounts for the same position at institutions of similar size, scope and geographic location. 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. 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. Compensation decisions and reports are contemporaneously documented in the minutes of the meeting of the compensation committee when the decisions are made. Form 990, Part VI, Section b, Line 16b The college is a partner in a real estate development not far from 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 from 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 is expected from the partnership. 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 are available upon request. Form 990 Part XI, Line 9 Unrealized Loss on interest rate swap agreements for the period July 1, 2014 - June 30, 2015 amounted to $1,059,832. 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 false