Sisters Of Saint Ann Anna Maria College
- Assets
- $54.2m
- Revenue
- $53.8m
- Investments
- $0.0
- Employees
- 664
- Location
- Paxton, MA
- Founding
- 06/1941
- Data as of
- 06/2021
- EIN
- 04-2002060
Organization Overview
Sisters Of Saint Ann Anna Maria College, operating under the name Anna Maria College, is located in Paxton, MA. The organization was established in 1941. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Anna Maria College employed 664 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anna Maria College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Anna Maria College generated $53.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $51.5m during the year ending 06/2021. While expenses have increased by 4.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION TO THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Lou Retelle President/trustee | OfficerTrustee | 35 | $433,175 |
Michael G Miers VP Administration/cio | 35 | $215,779 | |
Christine Holmes VP For Academic Affairs | 35 | $156,162 | |
John W Hamel VP Enrollment Management | 35 | $154,875 | |
Alexander Mowatt VP Finance/cfo | 35 | $143,937 | |
Rita M Deroyssa Trustee/secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Food Services | 6/29/21 | $1,772,880 |
Wiley Edu Llc On-line Education Services | 6/29/21 | $2,107,587 |
Town Of Paxton Security | 6/29/21 | $1,014,267 |
Clinical Research Sequencing Platform Testing Services | 6/29/21 | $828,000 |
Fallon Health Healthcare | 6/29/21 | $1,278,018 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $105,550 |
| Related organizations | $0 |
| Government grants | $5,883,866 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,558,820 |
| Noncash contributions included in lines 1a–1f | $182,366 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,548,236 |
| Total Program Service Revenue | $44,751,361 |
| Investment income | $158,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,339 |
| Net Gain/Loss on Asset Sales | $1,120,120 |
| Net Income from Fundraising Events | $22,513 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,757 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,756,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,879,851 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $394,013 |
| Compensation of current officers, directors, key employees. | $394,013 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,488,026 |
| Pension plan accruals and contributions | $38,340 |
| Other employee benefits | $970,745 |
| Payroll taxes | $960,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,618 |
| Fees for services: Accounting | $38,264 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,370 |
| Fees for services: Other | $1,997,034 |
| Advertising and promotion | $66,807 |
| Office expenses | $184,793 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $865,270 |
| Travel | $167,211 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,182 |
| Interest | $927,873 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,080,143 |
| Insurance | $123,285 |
| All other expenses | $2,079,870 |
| Total functional expenses | $51,549,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,480,596 |
| Savings and temporary cash investments | $2,327,610 |
| Pledges and grants receivable | $3,727,704 |
| Accounts receivable, net | $1,073,989 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $652,131 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $366,218 |
| Net Land, buildings, and equipment | $28,672,815 |
| Investments—publicly traded securities | $11,887,496 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,188,559 |
| Accounts payable and accrued expenses | $1,812,714 |
| Grants payable | $0 |
| Deferred revenue | $2,190,750 |
| Tax-exempt bond liabilities | $21,751,037 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,951,925 |
| Total liabilities | $30,706,426 |
| Net assets without donor restrictions | $19,817,250 |
| Net assets with donor restrictions | $3,664,883 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $54,188,559 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Sisters Of Saint Ann Anna Maria College has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Reliant Foundation Inc Worcester, MA PURPOSE: ADDICTION & YOUTH SERVICE PREPAREDNESS FOR EARLY CAREERS PROJECT | $25,000 |
Davis Educational Foundation Yarmouth, ME PURPOSE: Assessment Implementation Mentors: AIM for Excellence | $25,000 |
Greater Worcester Community Foundation Inc Worcester, MA PURPOSE: DAY OF GIVING | $15,000 |
Reliant Foundation Inc Worcester, MA PURPOSE: COMMUNITY PROJECT INITIATIVE: INCREASING ACCESS TO MENTAL HEALTH SERVICES AND EXPANDING THE MENTAL HEATH PRACTITIONER WORKFORCE IN WORCESTER. | $10,000 |
Endowment Analysis
| Beg. Balance | $6,022,423 |
| Earnings | $1,448,730 |
| Net Contributions | $29,380 |
| Other Expense | $310,518 |
| Ending Balance | $7,190,015 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Salve Regina University Newport, RI | $216,016,613 | $125,875,129 |
Wagner College Staten Island, NY | $223,315,881 | $116,300,889 |
Canisius College Buffalo, NY | $289,486,779 | $104,179,636 |
Lesley University Cambridge, MA | $459,682,175 | $126,944,351 |
Alfred University Alfred, NY | $321,880,003 | $125,818,572 |
Saint Michaels College Colchester, VT | $214,854,575 | $111,425,492 |
Emmanuel College Boston, MA | $475,098,162 | $117,188,309 |
St Bonaventure University Business Office - Hopkins Hall St Bonaventure, NY | $195,397,858 | $107,496,250 |
Dyouville College Buffalo, NY | $237,922,794 | $97,566,880 |
University Of Saint Joseph West Hartford, CT | $138,052,246 | $93,452,182 |
Mount Saint Mary College Newburgh, NY | $218,302,494 | $87,358,285 |
American International College Springfield, MA | $97,977,130 | $85,156,875 |