THE SISTERS OF SAINT ANN INC

EIN: 042002060 501(c)(3) Education

PAXTON, MA

Total Revenue
$51,836,631
Total Expenses
$54,745,658
Total Assets
$41,416,655
Net Assets
$16,006,209
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1887
Legal Domicile
MA
Principal Officer
MARY LOU RETELLE
Phone
5088493300
Tax Period
2023-07-01 to 2024-06-30

THE SISTERS OF SAINT ANN INC, founded in 1887, is a mid-sized nonprofit in the Education sector that reported $51.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

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.

Program Service Accomplishments

Program 1
Expenses: $47,077,030 Revenue: $43,139,392

HIGHER EDUCATION: EDUCATION, HOUSING, MEALS, EXTRA CURRICULAR ACTIVITIES AND BOOKSTORE FOR 1,537 STUDENTS AT THE UNDERGRADUATE AND GRADUATE LEVELS FOR TRADITIONAL AGED STUDENTS AS WELL AS ADULT...

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HIGHER EDUCATION: EDUCATION, HOUSING, MEALS, EXTRA CURRICULAR ACTIVITIES AND BOOKSTORE FOR 1,537 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.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,191,239
Program Service Revenue $42,924,526
Investment Income $1,506,749
Other Revenue $214,117
TOTAL REVENUE $51,836,631

Expense Breakdown

Grants Paid $22,433,712
Salaries & Benefits $15,931,550
Fundraising Expenses $741,470
Program Expenses $47,077,030
Other Expenses $16,380,396
TOTAL EXPENSES $54,745,658

Year-over-Year Comparison

2023 2022 Change
Revenue $51,836,631 $47,613,333 +0.1%
Expenses $54,745,658 $52,403,887 +0.0%
Net Income $-2,909,027 $-4,790,554 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
18
Employees
663
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$809,675
Total Directors
20
$809,675
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN P CAREY TRUSTEE 2.00
Director
$0 $0 $0
KATERI MITCHELL SSA TRUSTEE 2.00
Director
$0 $0 $0
KATHLEEN M JORDAN TRUSTEE 2.00
Director
$0 $0 $0
ROBERT E PAULSEN JR TRUSTEE 2.00
Director
$0 $0 $0
ABRAHAM W HADDAD DMD SECRETARY 2.00
Officer Director
$0 $0 $0
REV ENOCH KYEREMATENG TRUSTEE 2.00
Director
$0 $0 $0
PETER J OSTROSKEY TRUSTEE 2.00
Director
$0 $0 $0
THOMAS A TURCO III TRUSTEE 2.00
Director
$0 $0 $0
CHRISTOPHER M POWERS TRUSTEE 2.00
Director
$0 $0 $0
MARY LOU RETELLE PRESIDENT 35.00
Officer Director
$466,715 $65,297 $532,012
KIMBERLY A KENNEDY VICE CHAIR 2.00
Officer Director
$0 $0 $0
JULIA M MCNAMARA PHD TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL G MIERS EVP/CIO 35.00
Officer Director
$233,970 $43,693 $277,663
BARBARA G LYMAN PHD TRUSTEE 2.00
Director
$0 $0 $0
TIMOTHY P MURRAY TRUSTEE 2.00
Director
$0 $0 $0
STEPHEN H YERDON TRUSTEE 2.00
Director
$0 $0 $0
DAVID P TRAINOR CHAIR 2.00
Director
$0 $0 $0
DIANE E GOULD TRUSTEE 2.00
Director
$0 $0 $0
MARK W POWERS TRUSTEE 2.00
Director
$0 $0 $0
BASIL C MORRIS TRUSTEE 2.00
Director
$0 $0 $0
HUGH DRUMMOND VP OF EXTERNAL RELATIONS COO 35.00
Highest
$190,030 $48,689 $238,719
JOHN W HAMEL VP ENROLLMENT MANAGEMENT 35.00
Highest
$139,247 $15,379 $154,626
RYAN MURPHY VP OF ADVANCEMENT 35.00
Highest
$142,633 $34,305 $176,938
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $51,836,631 $54,745,658 $41,416,655 $-2,909,027
2023 $47,613,333 $52,403,887 $43,499,986 $-4,790,554
2022 $55,781,826 $54,666,106 $48,444,135 $1,115,720
2021 $53,756,555 $51,549,057 $54,188,559 $2,207,498
2020 $48,953,571 $49,966,017 $53,104,648 $-1,012,446
2019 $48,323,932 $48,215,287 $51,246,392 $108,645
2018 $44,160,347 $43,826,358 $51,894,187 $333,989
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