SISTERS OF SAINT ANN ANNA MARIA COLLEGE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- SISTERS OF SAINT ANN ANNA MARIA COLLEGE (EIN 04-2002060)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-04-06
- IRS object ID
- 201230979349300213
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-04-06T12:11:56-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLLUS LYNCH LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 89 SHREWSBURY STREET | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01604 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042002060 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SISTERS OF SAINT ANN INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SIST | NameControl |
| Phone | 5088493300 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 SUNSET LANE | AddressLine1 |
| City | PAXTON | City |
| State | MA | State |
| ZIP Code | 01612 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JACK CALARESO | Name |
| Title | PRESIDENT | Title |
| Phone | 5088493300 | Phone |
| Date Signed | 2012-03-29 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BARBARA E KING | Name |
| Phone | 5087557107 | Phone |
| Date Prepared | 2012-03-27 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANNA MARIA COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JACK CALARESO PHD | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 SUNSET LANE | AddressLine1 |
| City | PAXTON | City |
| State | MA | State |
| ZIP Code | 01612 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 36827499 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.ANNAMARIA.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1887 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | PROVIDE EDUCATION TO THE GENERAL PUBLIC. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 27 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 27 | NbrIndependentVotingMembers |
| Total Nbr Employees | 222 | TotalNbrEmployees |
| Total Nbr Volunteers | 40 | TotalNbrVolunteers |
| Total Gross UBI | 37052 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3644347 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3688142 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 31563303 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 31806084 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 126967 | InvestmentIncomePriorYear |
| Investment Income Current Year | 208921 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 188032 | OtherRevenuePriorYear |
| Other Revenue Current Year | 290579 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 35522649 | TotalRevenuePriorYear |
| Total Revenue Current Year | 35993726 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 11026609 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 11102712 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 11672868 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 11937143 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 490022 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 9845631 | OtherExpensePriorYear |
| Other Expenses Current Year | 11734922 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 32545108 | TotalExpensesPriorYear |
| Total Expenses Current Year | 34774777 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2977541 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1218949 | RevenuesLessExpensesCY |
| Total Assets BOY | 34075420 | TotalAssetsBOY |
| Total Assets EOY | 50100051 | TotalAssetsEOY |
| Total Liabilities BOY | 18786752 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 33397446 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 15288668 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 16702605 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | ANNA MARIA COLLEGE, A CATHOLIC INSTITUTION OF HIGHER LEARNING, RECOGNIZES ITS OBLIGATION TO SERVE ITS IMMEDIATE COMMUNITY, THE COMMONWEALTH OF MASSACHUSETTS, THE NATION AND THE WORLD THROUGH THE PROVISION OF EDUCATION, THE PRESERVATION OF LEARNING, AND THE SPONSORSHIP OF RESEARCH.ROOTED IN THE ROMAN CATHOLIC TRADITION OF HIGHER EDUCATION, ANNA MARIA COLLEGE IS MAINTAINED AND OPERATED IN CONFORMITY WITH THE VALUES OF THE JUDEO-CHRISTIAN TRADITION AND IN KEEPING WITH THE IDEALS OF ITS FOUNDRESSES, THE SISTERS OF SAINT ANNE. THESE IDEALS, WHICH REFLECT THE DEVELOPMENT OF THE TOTAL HUMAN BEING, ALSO INCLUDE INCREASING ACCESS TO QUALITY EDUCATION, EDUCATIONAL INNOVATION AND RESPECT FOR PRACTICAL SKILLS.SPECIFICALLY, ANNA MARIA COLLEGE SEES ITS MISSION TO BE THAT OF FOSTERING IN ITS STUDENTS INTELLECTUAL INVOLVEMENT, CAREER PREPARATION, SOCIAL AWARENESS, DEDICATION TO JUSTICE AND PEACE, RELIGIOUS AND MORAL SENSITIVITY, AND A LIFESTYLE CAPABLE OF SUSTAINING THESE WITHIN BALANCE. | MissionDescription |
| Significant New Program Services | 1 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 24114637 | Expense |
| Grants | 11102712 | Grants |
| Revenue | 32032536 | Revenue |
| Description | HIGHER EDUCATION: EDUCATION, HOUSING, MEALS, EXTRA CURRICULAR ACTIVITES AND BOOKSTORE FOR APPROXIMATELY 1,600 STUDENTS AT THE UNDERGRADUATE AND GRADUATE LEVEL FOR TRADITIONAL AGED STUDENTS AS WELL AS ADULT STUDENTS. THE COLLEGE HOLDS TWO SUMMER SESSIONS, A FALL TERM, WINTER TERM, AND SPRING TERM. SOME GRADUATE COURSES ARE ACCELERATED AND HAVE TWO TERMS WITHIN THE SEMESTER. THE COLLEGE OFFERS OVER 35 UNDERGRADUATE DEGREE PROGRAMS AND OVER 22 GRADUATE AND CONTINUING EDUCATION PROGRAMS. POPULAR MAJORS INCLUDE BUSINESS, CRIMINAL JUSTICE, EDUCATION, FIRE SCIENCE, SOCIAL WORK, AND PSYCHOLOGY. THE COLLEGE ALSO OFFERS SPECIAL MAJORS SUCH AS ART THERAPY, SPORTS MANAGEMENT, AN RN-TO-BSN PROGRAM AND AN ASSOCIATE IN NURSING DEGREE PROGRAM. FIFTH-YEAR MASTER'S OPTIONS ARE AVAILABLE IN BUSINESS ADMINISTRATION, COUNSELING PSYCHOLOGY, CRIMINAL JUSTICE, EDUCATION, EMERGENCY MANAGEMENT, FIRE SCIENCE, PASTORAL STUDIES/COUNSELING, AND VISUAL ART. POPULAR GRADUATE PROGRAMS INCLUDE AN ACCELERATED MBA,CRIMINAL JUSTICE AND FIRE SCIENCE. A NEW HONORS PROGRAM WAS INTRODUCED IN THE FALL OF 2008, AS WELL AS A MASTER IN PUBLIC ADMINISTRATION AND A CERTIFICATE IN VICTIMOLOGY. OTHER ACADEMIC PROGRAMS BEING EXPLORED INCLUDE APPLIED HISTORY, VIDEO GAME DESIGN AND DANCE AND DANCE THERAPY. CO-CURRICULAR PROGRAMS ABOUND AT THE COLLEGE INCLUDING 15 COMPETITIVE SPORTS TEAMS. FIVE NEW TEAMS HAVE BEEN ADDED INCLUDING LACROSSE, TENNIS AND FOOTBALL. ITS PAXTON CAMPUS WITH NEW RESIDENCE HALLS AND EDUCATIONAL FACILITIES HAS BEEN EXPANDED TO MEET THE GROWING DEMANDS OF ITS CURRENT AND FUTURE UNDERGRADUATE STUDENTS. | Description |
| Total Program Service Expense | 24114637 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 1 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 66 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 222 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 27 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 27 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YVONNIE MALCOLM | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5088493427 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ANNA MARIA COLLEGE 50 SUNSET LANE | AddressLine1 |
| City | PAXTON | City |
| State | MA | State |
| ZIP Code | 01612 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (25 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| YVETTE E BELLEROSE SSA | |||||||
| CHAIR | 2.00 | X | 0 | 0 | 0 | ||
| JOSEPH J BAFARO | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DAVID C BROUGH | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MAUREEN L COGHLIN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| RITA M DEROY SSA | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| PAUL A DIPIERRO | |||||||
| VICE CHAIR | 2.00 | X | 0 | 0 | 0 | ||
| BARBARA A FLYNN SSA | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| LLOYD L HAMM JR | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MARGUERITE A ST AMAND SSA | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JOHN J SPILLANE ESQ | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JACK P CALARESO PHD | |||||||
| PRESIDENT | 35.00 | X | 367149 | 0 | 20853 | X | X |
| REV PAUL D KENNEDY | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ELAINE POTVIN SSA | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ELIZABETH ANN QUINN | |||||||
| SECRETARY | 2.00 | X | 0 | 0 | 0 | ||
| CHERYL SLEBODA | |||||||
| CFO/TREASURER | 35.00 | X | 121279 | 0 | 18611 | X | |
| MICHELE JACQUES SSA | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MADELEINE LANOUE SSA | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| BRIAN O'CONNELL | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ALFRED A LAGAN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| EDITH M LAVIGNE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ANNETTE BIBEAU SSA | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MIMI KRUG | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JACQUELINE LEBOEUF SSA | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| BARBARA A NOLDER TREMAIN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| RICHARD F REIDY | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 488428 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 39464 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CUTLER ASSOCIATES | |||||
| 43 HARVARD STREET | WORCESTER | MA | 01609 | CONSTRUCTION SERVICES | 7137913 |
| SODEXHO CAMPUS SERVICES | |||||
| 9801 WASHINGTONIAN BOULEVARD | GAITHERSBURG | MD | 20878 | FOOD SERVICES | 1248364 |
| SIEMENS PUBLIC INC | |||||
| 333 OLD MILTON PARKWAY | ALPHARETTA | GA | 30005 | CONSTRUCTION SERVICES | 1237484 |
| LAURING CONSTRUCTION CO | |||||
| 33 BRIGHAM RD | WORCESTER | MA | 01609 | CONSTRUCTION SERVICES | 749760 |
| ALLAIN SITEWORK INC | |||||
| 53 HIGH BRIDGE RD | HUBBARDSTON | MA | 01452 | CONSTRUCTION SERVICES | 327925 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 11 | NumberOfContractorsGT100K |
| Fundraising Events | 33738 | FundraisingEvents |
| Government Grants | 2918965 | GovernmentGrants |
| All Other Contributions | 735439 | AllOtherContributions |
| Total Contributions | 3688142 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611710 | 26704456 | 26704456 |
| ROOM AND BOARD | 611710 | 5100648 | 5100648 |
| LOAN INTEREST INCOME | 611710 | 980 | 980 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 31806084 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 210106 | TotalRevenueColumn |
| Exclusion | $210,106 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 37052 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 37052 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 37052 | TotalRevenueColumn |
| Unrelated Business Revenue | 37052 | UnrelatedBusinessRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 817714 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 818899 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -1185 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1185 | TotalRevenueColumn |
| Related Or Exempt Function Income | -1185 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 14874 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 33738 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 14874 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 28890 | GrossIncomeGaming |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 28890 | TotalRevenueColumn |
| Exclusion | $28,890 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| MISCELLANEOUS | 611710 | 214882 | 214882 |
| COMMISSIONS | 611710 | 9755 | 9755 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 224637 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 35993726 | TotalRevenueColumn |
| Related Or Exempt Function Income | 32029536 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 37052 | UnrelatedBusinessRevenue |
| Exclusion | $238,996 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11102712 | Total |
| Program Services | 11102712 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10021497 | Total |
| Program Services | 7663875 | ProgramServices |
| Management And General | 2114111 | ManagementAndGeneral |
| Fundraising | 243511 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 383450 | Total |
| Program Services | 275927 | ProgramServices |
| Management And General | 102000 | ManagementAndGeneral |
| Fundraising | 5523 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 830267 | Total |
| Program Services | 597453 | ProgramServices |
| Management And General | 196530 | ManagementAndGeneral |
| Fundraising | 36284 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 701929 | Total |
| Program Services | 505102 | ProgramServices |
| Management And General | 175792 | ManagementAndGeneral |
| Fundraising | 21035 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40274 | Total |
| Management And General | 40274 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2258445 | Total |
| Program Services | 338402 | ProgramServices |
| Management And General | 1823820 | ManagementAndGeneral |
| Fundraising | 96223 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 471279 | Total |
| Program Services | 186 | ProgramServices |
| Management And General | 471093 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 304878 | Total |
| Program Services | 122871 | ProgramServices |
| Management And General | 139356 | ManagementAndGeneral |
| Fundraising | 42651 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69323 | Total |
| Management And General | 69323 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 395012 | Total |
| Program Services | 271743 | ProgramServices |
| Management And General | 101054 | ManagementAndGeneral |
| Fundraising | 22215 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61228 | Total |
| Program Services | 44684 | ProgramServices |
| Management And General | 14355 | ManagementAndGeneral |
| Fundraising | 2189 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 784538 | Total |
| Management And General | 784538 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1814060 | Total |
| Management And General | 1814060 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 199075 | Total |
| Management And General | 199075 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| RECRUITING | 1395198 | 1361165 | 34033 | |
| FOOD SERVICES | 1044980 | 1044980 | ||
| UTILITIES | 992492 | 169873 | 822619 | |
| SUPPLIES | 481595 | 293718 | 180124 | 7753 |
| UNCOLLECTIBLE ACCOUNTS | 365000 | 365000 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1057545 | Total |
| Program Services | 321946 | ProgramServices |
| Management And General | 722961 | ManagementAndGeneral |
| Fundraising | 12638 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34774777 | Total |
| Program Services | 24114637 | ProgramServices |
| Management And General | 10170118 | ManagementAndGeneral |
| Fundraising | 490022 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6010938 | BOY |
| EOY | 10149098 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 714153 | BOY |
| EOY | 1316095 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 574648 | BOY |
| EOY | 409602 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1797675 | BOY |
| EOY | 1587393 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 147035 | BOY |
| EOY | 206769 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 50245816 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 17728226 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21525787 | BOY |
| EOY | 32517590 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2830225 | BOY |
| EOY | 3341097 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 185019 | BOY |
| EOY | 300512 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 289940 | BOY |
| EOY | 271895 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34075420 | BOY |
| EOY | 50100051 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1174527 | BOY |
| EOY | 3026672 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 154221 | BOY |
| EOY | 395735 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14125000 | BOY |
| EOY | 26643052 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3333004 | BOY |
| EOY | 3331987 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18786752 | BOY |
| EOY | 33397446 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13792727 | BOY |
| EOY | 15146156 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 997839 | BOY |
| EOY | 963972 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 498102 | BOY |
| EOY | 592477 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15288668 | BOY |
| EOY | 16702605 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34075420 | BOY |
| EOY | 50100051 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1218949 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 194988 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2680748 | BeginningOfYearBalance |
| Contributions | 62358 | Contributions |
| Investment Earnings Or Losses | 558218 | InvestmentEarningsOrLosses |
| Other Expenditures | 48687 | OtherExpenditures |
| End Of Year Balance | 3252637 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2497132 | BeginningOfYearBalance |
| Contributions | 179231 | Contributions |
| Investment Earnings Or Losses | 74941 | InvestmentEarningsOrLosses |
| Other Expenditures | -70556 | OtherExpenditures |
| End Of Year Balance | 2680748 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1392411 | BeginningOfYearBalance |
| Contributions | 1356686 | Contributions |
| Investment Earnings Or Losses | -223208 | InvestmentEarningsOrLosses |
| Other Expenditures | -28757 | OtherExpenditures |
| End Of Year Balance | 2497132 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.74000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.26000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 113480 | OtherCostOrOtherBasis |
| Book Value | 113480 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 20499478 | OtherCostOrOtherBasis |
| Depreciation | 8364848 | Depreciation |
| Book Value | 12134630 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8216072 | OtherCostOrOtherBasis |
| Depreciation | 503283 | Depreciation |
| Book Value | 7712789 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7540006 | OtherCostOrOtherBasis |
| Depreciation | 5895032 | Depreciation |
| Book Value | 1644974 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13876780 | OtherCostOrOtherBasis |
| Depreciation | 2965063 | Depreciation |
| Book Value | 10911717 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 32517590 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| STUDENT DEPOSITS | $291,472 |
| AGENCY FUNDS | $58,669 |
| ASSETS HELD FOR FEDERAL PERKINS LOAN PROGRAM | $1,177,113 |
| CAPITAL LEASE OBLIGATION | $1,804,733 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3331987 | TotalOfAmounts |
| Total Revenue | 35993726 | TotalRevenue |
| Total Expenses | 34774777 | TotalExpenses |
| Excess Or Deficit For Year | 1218949 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 452675 | NetUnrealizedGLOnInvestments |
| Other | -$257,687 | OtherAmount |
| Total Adjustments | 194988 | TotalAdjustments |
| Excess Or Deficit Per FS | 1413937 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 25196844 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 452675 | NetUnrealizedGainsInvestments |
| Other Revenues | -257687 | OtherRevenues |
| Revenue Not Rptd F990 | 194988 | RevenueNotRptdF990 |
| Revenue Subtotal | 25001856 | RevenueSubtotal |
| Other Revenues Not Included | 10991870 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 10991870 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 35993726 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 23782907 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 23782907 | ExpensesSubtotal |
| Other Expenses Not Included | 10991870 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 10991870 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 34774777 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | THE ORGANIZATION HAS A COLLECTION OF RELIGIOUS HISTORIC ARTIFACTS THAT ARE ON DISPLAY IN BUILDINGS THAT ARE OPEN TO THE PUBLIC. | |
| PART V, LINE 4: | THE COLLEGE'S ENDOWMENT CONSISTS OF NUMEROUS FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. THE BOARD OF TRUSTEES HAS INTERPRETED STATE LAW AS ALLOWING THE UTILIZATION OF APPRECIATION ON PERMANENTLY RESTRICTED ASSETS UNLESS EXPLICIT DONOR STIPULATIONS SPECIFY HOW NET APPRECIATION MUST BE USED. AS A RESULT OF THIS INTERPRETATION, THE COLLEGE CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURES BY THE COLLEGE IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, THE COLLEGE MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND; THE PURPOSES OF THE ORGANIZATION AND THE DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF THE ORGANIZATION; AND THE INVESTMENT POLICIES OF THE ORGANIZATION. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS BOARD-DESIGNATED AND OTHER ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE BOARD, THE COLLEGE'S INVESTMENT COMMITTEE SHALL SEEK TO INVEST THE ENDOWMENT FUNDS IN SUCH A MANNER THAT THE INVESTMENTS WILL PROVIDE A SPENDABLE RETURN CONSISTENT WITH A LONG-TERM GOAL OF PRESERVING THE FUNDS IN REAL TERMS. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE COLLEGE RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE COLLEGE HAS INVESTED IN DEBT AND EQUITY SECURITIES THAT TARGET A DIVERISIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE IT LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE COLLEGE HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 5% OF THE TWELVE-QUARTER AVERAGE FAIR MARKET VALUE OF THE ENDOWMENT CALCULATED AS OF JUNE 30 PRECEDING THE YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE COLLEGE CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH THE COLLEGE'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR IMPOSED RESTRICTIONS REQUIRE THE COLLEGE TO RETAIN AS A FUND OF PERPETUAL DURATION. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, DEFICIENCIES OF THIS NATURE ARE REPORTED IN UNRESTRICTED NET ASSETS. SUCH DEFICIENCIES AMOUNTED TO $879 AND $7,019 AS OF JUNE 30, 2011 AND 2010, RESPECTIVELY. IN ACCORDANCE WITH THE BOARD'S INTERPRETATION OF RELEVANT STATE LAW, APPROPRIATION OF INVESTMENT RETURN ON THESE FUNDS HAS BEEN SUSPENDED UNTIL SUCH TIME AS THE DEFICIENCY HAS BEEN RESTORED AND THE FAIR VALUE OF THE FUND EXCEEDS THE LEVEL REQUIRED TO BE RETAINED PERMANENTLY. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| UNREALIZED LOSS ON HEDGING INSTRUMENT -257,687. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| UNREALIZED LOSS ON HEDGING INSTRUMENT -257,687. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| FINANCIAL AID 10,991,870. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| FINANCIAL AID 10,991,870. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: | |
| PART X, QUESTION 2: THE COLLEGE QUALIFIES AS A TAX-EXEMPT, NON-PROFIT ORGANIZATION UNDER 501(C)(3) OF THE INTERAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAX IS REQUIRED. MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE COLLEGE HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE COLLEGE'S STATEMENTS OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOWS. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | NOTICES OF THE SCHOOL'S DISCRIMINATION POLICY ARE MAILED TO EACH STUDENT AND ARE POSTED ON CAMPUS BULLETIN BOARDS. THE POLICY IS INCLUDED IN SCHOOL BROCHURES, SCHOOL CATALOGS, AND NEWSPAPER ADVERTISEMENTS. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | ANNA MARIA RECEIVES CONTRIBUTIONS FROM THE GOVERNMENT IN THE FORM OF GRANTS. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GOLF TOURNAMENT | NameOfEvent1 |
| Gross Receipts Event1 | 48612 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 33738 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 14874 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 14874 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 48612 | GrossReceiptsTotal |
| Charitable Contributions Total | 33738 | CharitableContributionsTotal |
| Gross Revenue Total Events | 14874 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 14874 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 14874 | DirectExpenseSummaryEvents |
| Net Income Summary | 0 | NetIncomeSummary |
Gaming Information GamingInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | 28890 | GrossRevenueOtherGaming |
| Volunteer Labor Other Gaming | 0 | VolunteerLaborOtherGaming |
| Gross Revenue Total Gaming | 28890 | GrossRevenueTotalGaming |
| Net Gaming Income Summary | 28890 | NetGamingIncomeSummary |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | MA | StatesWhereGamingConducted |
| Licensed | 1 | Licensed |
| License Suspended Etc | 0 | LicenseSuspendedEtc |
| Gaming With Nonmembers | 0 | GamingWithNonmembers |
| Member Of Other Entity | 0 | MemberOfOtherEntity |
| Contract With3rd Party For Gam Rev | 0 | ContractWith3rdPartyForGamRev |
| Charitable Distrib Required | 0 | CharitableDistribRequired |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 9834 | NumberOfRecipients |
| Amount Of Cash Grant | 11102712 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: SCHEDULE I, PART1, LINE 2: ANNA MARIA COLLEGE PARTICIPATES IN TITLE IV FUNDING. STUDENTS MUST COMPLETE THE FAFSA FORM TO APPLY FOR AID. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JACK P CALARESO PHD | NamePerson |
| Base Compensation Filing Org | 329466 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 37683 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 16578 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 4275 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 388002 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | ||||||
| 043431814 | 2007-06-21 | 10200000 | CONSTRUCTION & REFINANCE | 0 | 0 | 1 |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | ||||||
| 043431814 | 2008-03-01 | 5000000 | CONSTRUCTION | 0 | 0 | 1 |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | ||||||
| 043431814 | 2010-09-30 | 16115000 | REFINANCE | 0 | 0 | 0 |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | ||||||
| 043431814 | 2010-09-30 | 10705000 | CONSTRUCTION | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Amount RetiredAmountRetired | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capitalized InterestCapitalizedInterest | Capital ExpendituresCapitalExpenditures | Amount UnspentAmountUnspent |
|---|---|---|---|---|---|---|---|---|---|---|
| 10200000 | 2008 | 0 | 0 | 0 | 1 | |||||
| 5000000 | 2009 | 0 | 0 | 0 | 1 | |||||
| 2010 | 1 | 0 | 1 | 1 | 16115000 | 50000 | ||||
| 2011 | 0 | 0 | 0 | 1 | 10705000 | 61208 | 67121 | 8322780 | 2388113 |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 1 | 1 |
| 0 | 0 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|
| TD BANK NA | |||||||
| 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| TD BANK NA | |||||||
| 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| (no name) | |||||||
| 0 | 0 | 0 | 0 | 0 | 0 | ||
| (no name) | |||||||
| 0 | 0 | 0 | 0 | 0 | 0 | ||
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NEW PROGRAM SERVICES | FORM 990, PART III, LINE 2 | ANNA MARIA ADDED AN ONLINE NURSING COMPONENT TO THE DELTAK AGREEMENT. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 WILL BE REVIEWED BY THE AUDIT/FINANCE COMMITTEE, THE EXECUTIVE COMMITTEE, THEN WILL BE REVIEWED BY THE FULL BOARD IN FEBRUARY 2012. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS REVIEWS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO ENSURE THAT THE ORGANIZATION'S BOARD OF DIRECTORS, OFFICERS, AND EMPLOYEES ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT. | |
| FORM 990, PART VI, SECTION B, LINE 15 | A RECOMMENDATION IS MADE FROM THE EXECUTIVE COMMITTEE AND APPROVED BY THE FULL BOARD OF TRUSTEES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE 990 IS LISTED AS PART OF THE GUIDESTAR REPORTING TOOL WHICH HAS PUBLIC ACCESS. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 452,675. UNREALIZED LOSS ON HEDGING INSTRUMENT -257,687. TOTAL TO FORM 990, PART XI, LINE 5: 194,988. |
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