2015-05-07T16:00:40-07:00 2014-06-30 990 2013-07-01 020222182 SAINT ANSELM COLLEGE SAIN 6036417000 100 Saint Anselm Drive Manchester NH 03102 Harry E Dumay VP Finance 6036417100 2015-05-08 2013 2016-04-25 22:37:26Z Dr Steven R DiSalvo 100 Saint Anselm Drive Manchester NH 03102 177591109 0 X www.anselm.edu X 1889 NH Saint Anselm is a Catholic, Benedictine College providing all its students a distinctive liberal arts education that incorporates opportunities for professional and career preparation. 32 32 1915 100 0 0 7451298 8261587 89407209 91859333 4007875 12448814 -11053 7032 100855329 112576766 31389190 32872370 0 0 37049702 39025776 0 0 2920253 27267999 28591083 95706891 100489229 5148438 12087537 231982933 266181568 76950286 91484829 155032647 174696739 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 89440006 32872370 91300208 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 established in 1889. It is accredited by the New England Association of Schools and Colleges. Approximately 1,900 students from approximately 24 states and 7 foreign countries attend the college. 0 0 0 89440006 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 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 1 257 0 1 1915 1 0 0 0 0 0 1 1 0 0 0 0 X 32 32 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 1 0 NH X Harry E Dumay 6036417100 100 Saint Anselm Drive Manchester NH 03102 Rev Peter J Guerin OSB Secretary of the Members 10 X X 0 0 0 Dr Denise T Askin Member of the Board of Trustees 1 X 0 0 0 Dr Timothy R Austin Member of the Board of Trustees through 6-13-14 1 X 0 0 0 Mr Richard L Bready Member of the Board of Trustees 1 X 0 0 0 Ms Ann M Catino Esq Member of the Board of Trustees 1 X 0 0 0 Dr Marie Chabot-Fletcher Member of the Board of Trustees 1 X 0 0 0 Mr Robert P Connor Member of the Board of Trustees 1 X 0 0 0 Mr Charles A Crowley Member of the Board of Trustees 1 X 0 0 0 Rev Jerome Day OSB Member of the Board of Trustees 10 X 0 0 0 Ms Geraldine H DeLuca Member of the Board of Trustees 1 X 0 0 0 Ms Christine D Douville Member of the Board of Trustees 1 0 X 0 0 0 Mr Stephen J Ellis Member of the Board of Trustees 1 X 0 0 0 Msgr William P Fay Member of the Board of Trustees 1 X 0 0 0 Mr Daniel T Flatley Member of the Board of Trustees 1 X 0 0 0 Rev John R Fortin OSB Member of the Board of Trustees 1 X 0 0 0 Mr Kenneth J Goodchild Member of the Board of Trustees 1 X 0 0 0 Mr Kevin J Gould Vice-Chair of the Board of Trustees 2 X 0 0 0 Mr James L Hauser Esq Member of the Board of Trustees 1 X 0 0 0 Mr Edward A Hjerpe Member of the Board of Trustees 1 X 0 0 0 Mr Roger L Jean Secretary of the Board of Trustees 2 X 0 0 0 Ms Elizabeth J Kelly Member of the Board of Trustees 1 X 0 0 0 Mr Richard J Meelia Treasurer of the Board of Trustees 2 X 0 0 0 Mr Thomas A Melucci Member of the Board of Trustees 1 X 0 0 0 Bro Isaac T Murphy OSB Member of the Board of Trustees 10 X 0 0 0 Ms Dorothy R Musho Member of the Board of Trustees 1 X 0 0 0 Mr Lawrence J Pascal Esq Member of the Board of Trustees 1 X 0 0 0 Dr Joseph Pepe MD Member of the Board of Trustees 1 X 0 0 0 Mr Frank P Pfeffer Member of the Board of Trustees 1 X 0 0 0 Ms Joanne Pietrini-Smith Chair of the Board of Trustees 2 X 0 0 0 Mr Charles W Pollard Esq Member of the Board of Trustees through 10-17-13 1 X 0 0 0 Mr Barry F X Smith Member of the Board of Trustees 1 X 0 0 0 Rev William Sullivan OSB Member of the Board of Trustees 40 X 0 0 0 Mr Joseph E Sweeney Member of the Board of Trustees 1 X 0 0 0 Bro Andrew Thornton OSB Member of the Board of Trustees 40 0 X 0 0 0 Right Rev Mark A Cooper OSB Chair of the Members 10 X 0 0 0 Rev Jonathan P DeFelice OSB President through 7-15-13 1 X 0 0 0 Dr Steven R DiSalvo President as of 7-15-13 40 X 144578 0 17302 Dr Harry E Dumay Vice-President for Finance and CFO 40 X 194558 0 15600 Mr James F Flanagan Vice President of College Advancement 40 X 184973 0 32423 Dr Suzanne Mellon Executive Vice-President 40 X 133404 0 12760 Mr Bradley Poznanski Vice President of Enrollment, Communications, and Marketing 40 X 133137 0 48783 Dr Joseph M Horton Vice President Student Affairs 40 X 130553 0 27852 Dr Gary Bouchard English Department Chair 40 X 126463 0 67265 1047666 0 221985 23 0 1 0 Saint Anselm Abbey 100 Saint Anselm Drive Manchester NH 03102 Services of monastic community 964131 Puritan Press 95 Runnels Bridge Road Hollis NH 03049 Graphic design and printing 279820 Academic Programs International 301 Camp Craft Road 100 Austin TX 78746 Instruction abroad 260390 The Education Abroad Network 505 North LaSalle Suite 200 Chicago IL 60654 Instruction abroad 223089 ISA 1112 Ben White Boulevard Austin TX 78704 Instruction abroad 185595 10 0 0 25929 0 1004552 7231106 385104 8261587 Student Tuition, Fees, Room & Board 611310 91859333 91859333 0 0 0 0 0 0 91859333 1719259 0 0 1719259 0 0 0 0 0 0 0 0 0 0 73664211 2060500 62375531 2619625 11288680 -559125 10729555 -559125 0 11288680 26219 25929 19187 7032 0 7032 0 112576766 91300208 0 13014971 32535620 32535620 336750 336750 554738 554738 29602291 25600807 2489913 1511571 1947540 1710605 150139 86796 4957097 4002889 753541 200667 1964110 1661375 201682 101053 68528 3399 61494 3635 82837 82837 75000 75000 353110 353110 3149650 2716774 350845 82031 308837 202708 86565 19564 3084399 2428803 428812 226784 1351858 946808 300262 104788 3085694 2809765 243180 32749 1445099 1270339 82007 92753 413677 360527 25202 27948 2496323 2297069 147860 51394 4017411 3231449 583237 202725 445084 219238 222336 3510 Dining Service Cost of Goods Sold 5672584 5459730 96316 116538 Maintenance 948649 837990 90581 20078 Books and periodicals 535820 535376 415 29 1056523 271985 748898 35640 100489229 89440006 8128970 2920253 1989116 1052550 8142235 14018426 1672660 4637624 830234 948802 0 0 0 6069843 3503292 645116 669861 1332923 2378067 159943646 66181100 85656587 93762546 63775205 57479780 54205596 79000578 0 0 0 0 7663418 8730042 231982933 266181568 6243353 9675525 0 190918 375351 56530000 67185000 0 0 0 0 0 0 3561980 3520833 10424035 10728120 76950286 91484829 X 102618910 113742518 22247883 26121215 30165854 34833006 155032647 174696739 231982933 266181568 X 12087537 7872618 0 0 0 -296063 X 0 1 X 1 1 1 X 11666570 6425271 5485792 7451298 8261587 39290518 0 0 0 0 0 0 0 0 0 0 0 0 11666570 6425271 5485792 7451298 8261587 39290518 2312586 36977932 1345452 1714092 1835341 1587132 1719259 8201276 0 0 0 0 0 0 37370 56314 25167 27543 26219 172613 47664407 419073000 0.77580 X Schedule A, Part II, Line 10 Gross receipts from fundraising events. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 75000 75000 0 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 X X X 0 106304526 4519140 18589503 2729933 404358 0 126278878 85274353 12881696 10302552 3197124 -1043049 0 106304526 83896106 6134914 -1879781 2630031 246855 0 85274353 68661499 738330 15740561 2540595 -1296311 0 83896106 61324447 1138626 8905771 2707345 0 0 68661499 0.6314 0.2124 0.1562 0 0 13061249 0 13061249 102351897 0 41448136 60903761 0 0 0 0 35885488 0 24732964 11152524 8645012 0 0 8645012 93762546 0 0 Equities 39163903 F Flexible capital 19776450 F Real Assets 15540767 F Private equity 4519458 F 79000578 0 Interest rate swap agreements 9117626 Obligations under split interest agreements 1610494 10728120 X 119800211 7872618 0 0 -296063 7576555 112223656 353110 0 353110 112576766 100136119 0 0 0 0 0 100136119 353110 0 353110 100489229 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 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 not-for-profit organization that is generally exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provisions for income taxes related to tax exempt activities is recorded in the financial statements. The College recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. Schedule D, Part XI, Line 2d Unrealized loss on interest rate swap agreements. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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 brochures 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. Schedule E, Part I, Line 6a The college receives amounts for student financial assistance from the U.S. Department of Education. It also receives various grants from the U.S. Department of Commerce and the U.S. Department of Health and Human Services as well as the State of New Hampshire. 1 Central America and the Caribbean 0 0 Investments 14543876 Europe (including Iceland and Greenland) 0 0 Grantmaking Scholarships 273100 Europe (including Iceland and Greenland) 0 3 Program Services Instruction 103964 East Asia and the Pacific 0 0 Grantmaking Scholarships 42050 South America 0 0 Grantmaking Scholarships 17600 Middle East and North Africa 0 0 Grantmaking Scholarships 4000 0 3 14984590 Scholarships Europe (including Iceland and Greenland) 39 273100 See Part V Scholarships East Asia and the Pacific 5 42050 See Part V Scholarships South America 2 17600 See Part V Scholarships Middle East and North Africa 1 4000 See Part V 1 0 1 1 0 0 Schedule F, Part I, Line 2 Scholarships are applied to students' accounts to reduce the balance due to the college for tuition and fees. No cash disbursements of scholarships 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 The expenditures were for Summer instruction in Italy as part of the College's study abroad program. Golf Tournament 52148 25929 26219 0 3436 8892 4980 0 1879 0 0 52148 25929 26219 0 3436 8892 4980 0 1879 19187 7032 1 Scholarships 1868 32535620 0 Schedule I, Part I, Line 2 The College's Financial Aid Office monitors all recipients of scholarships 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 0 0 0 0 0 0 0 0 0 Dr Harry E Dumay Vice-President for Finance and CFO 194558 0 0 0 0 0 15600 0 0 0 210158 0 0 0 Mr James F Flanagan Vice President of College Advancement 184973 0 0 0 0 0 15544 0 16879 0 217396 0 0 0 Dr Steven R DiSalvo President 129578 0 0 0 15000 0 10269 0 7033 0 161880 0 0 0 Mr Bradley Poznanski Vice President of Enrollment, Communications, and Marketing 133137 0 0 0 0 0 11404 0 37379 0 181920 0 0 0 Dr Joseph M Horton Vice President Student Affairs 130553 0 0 0 0 0 10973 0 16879 0 158405 0 0 0 Dr Gary Bouchard English Department Chair 126463 0 0 0 0 0 10730 0 56535 0 193728 0 0 0 Schedule J, Part I, Line 1a The President of the college receives a housing allowance which is reported as taxable compensation in accordance with applicable tax law. 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 any personal usage 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 provision 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. A NH Health & Education Facilities Authority 020279866 644614YS2 2009-07-01 61415000 Current refunding of revenue bonds 0 0 0 B NH Health & educational Facilities Authority 020279866 6446142A6 2013-07-25 12000000 Construction of New Dormitory and electrical substation 0 0 0 A 0 0 61415000 0 0 61415000 0 0 0 0 0 0 2012 1 0 1 1 B 0 0 12000000 0 0 0 463761 0 0 7967491 0 3568748 2014 0 0 1 1 A 0 0 0 0 0 0 0 1 0 1 B 0 0 0 0 0 0 0 1 0 1 A 1 1 1 Piper Jaffrey & Co 23.9 0 0 0 0 1 B 1 0 0 0 0 1 A 1 B 1 X 16 367193 Fair Market Value X Nursing equipment 1 12500 Fair Market Value X Paper supplies 1 5000 Fair Market Value X Printed materials 1 412 Fair Market Value 10 0 1 0 Schedule M, Part I The quantities listed in Part I column B represent the number of contributions made, not the number of items contributed. 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 Prior to being filed with the IRS, the Form 990 is approved by the Executive Committee of the college's Board of Trustees. The Form 990 is prepared by management of the college and is reviewed by tax advisers from a national accounting firm. The college then provides a draft of the Form 990 to all members of the governing body once the Audit Committee has reviewed it and recommended it for approval by the governing body. The Executive Committee then reviews it and votes their approval after any questions or issues that may have been raised are adequately answered or resolved. 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 key employees 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 or 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 key employees and officers: The compensation amount for key employees and officers is determined based upon an analysis of compensation amounts for the same position at institutions of similar size, scope, geographic location and CUPA_HR. 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 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 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 to the College's involvement in the partnership, all negotiations 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, 2013 - June 30, 2014 amounted to $296,063. Saint Anselm Abbey 100 Saint Anselm Drive Manchester NH 03102 264322319 Monastery NH 501(c)(3) 1 N/A 0 Benedictine Fathers of the Priory 320 Portola Road Portola Valley CA 94028 941399274 High school CA 501(c)(3) 2 N/A 0 Charitable Remainder Trusts (8) 100 Saint Anselm Drive Manchester NH 03102 Education NH N/A T 0 0 0 0 1 0 0 0 0 0 1 1 1 1 1 1 1 1 0