Skip to content
Nonprofiteer
← SISTERS OF SAINT ANN ANNA MARIA COLLEGE

Form 990 for tax year 2022

Filed by SISTERS OF SAINT ANN ANNA MARIA COLLEGE.

Totals

Total revenue
$47,613,333
Total expenses
$52,403,887
Contributions and grants received
$6,248,647
Grants paid
$21,243,786
Program service revenue
$40,674,992
Investment income
$414,509
Other revenue
$275,185
Total assets, end of year
$43,499,986
Total liabilities, end of year
$24,106,796
Net assets or fund balances, end of year
$19,393,190
Program services expenses (Part IX)
$45,681,897
Management and general expenses
$6,039,292
Fundraising expenses
$682,698
Program service expenses (Part III)
$45,681,897

Program services were 87.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $72,300

  • 1e · Government grants (contributions)

    $5,299,477

  • 1f · All other contributions, gifts and grants

    $876,870

  • 1g · Noncash contributions included above

    $333,700

  • 2a · Program service revenue: TUITION AND FEES

    total $33,750,797 · related or exempt $33,750,797

  • 2b · Program service revenue: ROOM AND BOARD

    total $6,924,195 · related or exempt $6,924,195

  • 3 · Investment income

    total $211,964 · excluded $211,964

  • 6a · Gross rents

    real property $120,361

  • 6b · Less rental expenses

    real property $36,493

  • 6c · Rental income or loss

    real property $83,868

  • 6d · Net rental income or loss

    total $83,868 · related or exempt $83,868

  • 7a · Gross sales of assets other than inventory

    securities $7,444,822

  • 7b · Less cost or other basis and sales expenses

    securities $7,242,277

  • 7c · Gain or loss

    securities $202,545

  • 7d · Net gain or loss

    total $202,545 · excluded $202,545

  • 8a · Fundraising events: gross income

    $24,640

  • 8a · Fundraising events: contributions included on line 1c

    $72,300

  • 8b · Fundraising events: direct expenses

    $31,922

  • 8c · Net income from fundraising events

    total -$7,282 · excluded -$7,282

  • 10a · Gross sales of inventory

    $161,941

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $161,941 · related or exempt $161,941

  • 11a · Other revenue: MISCELLANEOUS

    total $27,692 · related or exempt $27,692

  • 11b · Other revenue: COMMISSIONS

    total $8,966 · related or exempt $8,966

  • 11e · Other revenue, total

    $36,658

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $21,243,786 · program services $21,243,786

  • 5 · Compensation of officers, directors and key employees

    total $406,443 · management and general $406,443

  • 7 · Other salaries and wages

    total $12,533,276 · program services $10,392,893 · management and general $1,742,468 · fundraising $397,915

  • 8 · Pension plan contributions

    total $357,629 · program services $260,681 · management and general $86,596 · fundraising $10,352

  • 9 · Other employee benefits

    total $1,203,728 · program services $877,414 · management and general $291,469 · fundraising $34,845

  • 10 · Payroll taxes

    total $904,242 · program services $659,114 · management and general $218,952 · fundraising $26,176

  • 11b · Fees: legal

    total $77,835 · program services $39,368 · management and general $34,979 · fundraising $3,488

  • 11c · Fees: accounting

    total $66,970 · program services $33,873 · management and general $30,096 · fundraising $3,001

  • 11f · Fees: investment management

    total $54,747 · management and general $54,747

  • 11g · Fees: other

    total $2,843,622 · program services $1,438,282 · management and general $1,277,912 · fundraising $127,428

  • 12 · Advertising and promotion

    total $147,554 · program services $78,452 · management and general $29,637 · fundraising $39,465

  • 13 · Office expenses

    total $179,891 · program services $24,994 · management and general $132,584 · fundraising $22,313

  • 14 · Information technology

    total $477,038 · program services $55,549 · management and general $421,489

  • 16 · Occupancy

    total $1,264,682 · program services $1,050,852 · management and general $213,830

  • 17 · Travel

    total $785,252 · program services $684,675 · management and general $58,722 · fundraising $41,855

  • 20 · Interest

    total $893,684 · program services $890,914 · management and general $2,770

  • 22 · Depreciation, depletion and amortization

    total $2,096,215 · program services $1,949,480 · management and general $146,735

  • 23 · Insurance

    total $321,918 · management and general $321,918

  • 24a · Other expenses: FOOD SERVICE

    total $1,829,165 · program services $1,829,165

  • 24b · Other expenses: VENDOR SERVICES

    total $1,498,991 · program services $1,393,180 · management and general $105,811

  • 24c · Other expenses: RECRUITING

    total $1,407,919 · program services $1,338,228 · management and general $69,691

  • 24d · Other expenses: SUPPLIES

    total $549,340 · program services $463,991 · management and general $82,820 · fundraising $2,529

  • 24e · All other expenses

    total $1,259,960 · program services $977,006 · management and general $309,623 · fundraising -$26,669

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,063,621 · end of year $981,420

  • 2 · Savings and temporary cash investments

    beginning of year $2,425,109 · end of year $77,889

  • 3 · Pledges and grants receivable

    beginning of year $2,156,088 · end of year $2,752,105

  • 4 · Accounts receivable

    beginning of year $940,226 · end of year $763,241

  • 7 · Other notes and loans receivable

    beginning of year $601,684 · end of year $559,822

  • 9 · Prepaid expenses and deferred charges

    beginning of year $443,289 · end of year $283,882

  • 10a · Land, buildings and equipment: cost or other basis

    $68,305,428

  • 10b · Land, buildings and equipment: accumulated depreciation

    $41,660,657

  • 10c · Land, buildings and equipment, net

    beginning of year $27,419,773 · end of year $26,644,771

  • 11 · Investments: publicly traded securities

    beginning of year $11,281,221 · end of year $10,478,755

  • 15 · Other assets

    beginning of year $113,124 · end of year $958,101

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,978,055 · end of year $2,076,187

  • 19 · Deferred revenue

    beginning of year $1,944,788 · end of year $1,226,506

  • 20 · Tax-exempt bond liabilities

    beginning of year $20,994,736 · end of year $20,040,990

  • 25 · Other liabilities

    beginning of year $763,304 · end of year $763,113

  • 27 · Net assets without donor restrictions

    beginning of year $17,847,437 · end of year $14,947,855

  • 28 · Net assets with donor restrictions

    beginning of year $4,915,815 · end of year $4,445,335

Mission and programs · 2022

Mission

AS A CATHOLIC INSTITUTION INSPIRED BY THE IDEALS OF THE SISTERS OF SAINT ANNE, ANNA MARIA COLLEGE EDUCATES STUDENTS TO BECOME INDIVIDUALS WHO WILL TRANSFORM THEIR WORLD AS ETHICAL LEADERS AND COMMUNITY-ORIENTED PROFESSIONALS.

Activities or mission (Part I)

PROVIDE EDUCATION TO THE GENERAL PUBLIC.

  • HIGHER EDUCATION: EDUCATION, HOUSING, MEALS, EXTRA CURRICULAR ACTIVITIES AND BOOKSTORE FOR 1,782 STUDENTS AT THE UNDERGRADUATE AND GRADUATE LEVELS 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 30 UNDERGRADUATE DEGREE PROGRAMS AND OVER 20 GRADUATE AND CONTINUING EDUCATION PROGRAMS. POPULAR MAJORS INCLUDE NURSING; RN-TO-BSN PROGRAM AND A BACHELOR OF SCIENCE NURSING PROGRAM, EMS, PARAMEDIC SCIENCE, BUSINESS, CRIMINAL JUSTICE, SOCIAL WORK, AND PSYCHOLOGY. THE COLLEGE ALSO OFFERS SPECIAL MAJORS SUCH AS ART THERAPY, SPORTS MANAGEMENT, AND MUSIC THERAPY. FIFTH-YEAR MASTER'S OPTIONS ARE AVAILABLE IN BUSINESS ADMINISTRATION, COUNSELING PSYCHOLOGY, CRIMINAL JUSTICE, PASTORAL STUDIES/COUNSELING, AND VISUAL ART. POPULAR GRADUATE PROGRAMS INCLUDE AN ACCELERATED MBA AND MPA, AS WELL AS TRADITIONAL SEMESTER CRIMINAL JUSTICE. CO-CURRICULAR PROGRAMS ABOUND AT THE COLLEGE INCLUDING 13 COMPETITIVE SPORTS TEAMS.

    Expenses $45,681,897 · Grants $21,243,786 · Revenue $40,957,459

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dennis J Thompson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kateri Mitchell Ssa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rita M Deroyssa

    TRUSTEE/CLERK

    Total calculated
    $0
    Hours/week
    2

  • Robert E Paulsen Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Abraham W Haddad DMD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David H Smith CPA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John J Spillane Esq

    CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael T Nockunas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Christopher M Powers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mary Lou Retelle

    PRESIDENT/TRUSTEE

    Total calculated
    $503,539
    From this org
    $458,042
    From related orgs
    $0
    Other
    $45,497
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $406,443
    Bonus
    $0
    Other
    $51,599
    Deferred
    $16,407
    Nontaxable benefits
    $29,090
    Filer's total
    $503,539

  • Kimberly A Kennedy

    TRUSTEE/VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Julia M McNamara PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael G Miers

    VP ADMINISTRATION/CIO/TREA

    Total calculated
    $259,124
    From this org
    $216,885
    From related orgs
    $0
    Other
    $42,239
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $216,885
    Bonus
    $0
    Other
    $0
    Deferred
    $17,771
    Nontaxable benefits
    $24,468
    Filer's total
    $259,124

  • Barbara G Lyman PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Timothy P Murray Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Stephen H Yerdon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John L Shea

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Yvette E Bellerose Ssa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David P Trainor Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Diane E Gould

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mark Powers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Basil Morris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Christine Holmes

    VP FOR ACADEMIC AFFAIRS

    Total calculated
    $193,800
    From this org
    $153,642
    From related orgs
    $0
    Other
    $40,158
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $153,642
    Bonus
    $0
    Other
    $0
    Deferred
    $23,172
    Nontaxable benefits
    $16,986
    Filer's total
    $193,800

  • Hugh Drummond

    VP OF EXTERNAL RELATIONS CCO

    Total calculated
    $236,922
    From this org
    $189,595
    From related orgs
    $0
    Other
    $47,327
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $189,595
    Bonus
    $0
    Other
    $0
    Deferred
    $26,252
    Nontaxable benefits
    $21,075
    Filer's total
    $236,922

  • John W Hamel

    VP ENROLLMENT MANAGEMENT

    Total calculated
    $184,038
    From this org
    $167,482
    From related orgs
    $0
    Other
    $16,556
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $167,482
    Bonus
    $0
    Other
    $0
    Deferred
    $16,556
    Nontaxable benefits
    $0
    Filer's total
    $184,038

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
INCLUDED IN TAXABLE BENEFITS FOR THE PRESIDENT IS A HOUSING AND VEHICLE ALLOWANCE FOR $51,599.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
3 May 2024
IRS schema version
2022v5.0
Source object
202431279349300508

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.