2019-05-13T10:49:46-05:00 2018-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2017-07-01 042104329 SPRINGFIELD COLLEGE SPRI 4137483145 263 ALDEN STREET SPRINGFIELD MA 01109 JOHN L MAILHOT VP FOR FINANCE AND ADMIN 4137483145 2019-05-10 1 JOHN TOSCANO P00358542 9592007000 209.59.242.22 2019-05-10 11:41:56 ED P BDC1D328B1542266B99CA0306E6119044BD8DE95 896C1F5B5D42EC59A37A0D46A5820AA48C1A79ED 2017 2019-02-21 02:37:17Z MARY-BETH COOPER 263 ALDEN STREET SPRINGFIELD MA 01109 192287563 0 X WWW.SPRINGFIELD.EDU X 1890 MA THE MISSION OF SPRINGFIELD COLLEGE IS TO EDUCATE STUDENTS IN SPIRIT, MIND AND BODY FOR LEADERSHIP IN SERVICE TO OTHERS BY BUILDING ON A FOUNDATION OF THE COLLEGE'S HUMANICS PHILOSOPHY, ACADEMIC EXCELLENCE, SERVICE, AND STUDENT SUCCESS. SPRINGFIELD COLLEGE IS A PRIVATE, COEDUCATIONAL INSTITUTION OFFERING BACHELOR, MASTER, AND DOCTORAL DEGREES. 31 29 3359 300 -167650 -184278 12578960 12950496 145220765 148295244 3340821 4411215 80644 115213 161221190 165772168 48887110 51791813 0 0 64994462 66212851 0 0 4654804 44261227 47041856 158142799 165046520 3078391 725648 268362000 264700218 99595634 92538645 168766366 172161573 X THE MISSION OF SPRINGFIELD COLLEGE IS TO EDUCATE STUDENTS IN SPIRIT, MIND AND BODY FOR LEADERSHIP IN SERVICE TO OTHERS BY BUILDING ON A FOUNDATION OF THE COLLEGE'S HUMANICS PHILOSOPHY, ACADEMIC EXCELLENCE, SERVICE, AND STUDENT SUCCESS. SPRINGFIELD COLLEGE IS A PRIVATE, COEDUCATIONAL INSTITUTION OFFERING BACHELOR, MASTER, AND DOCTORAL DEGREES 0 0 145319352 51791813 148279235 THE COLLEGE EMPHASIZES THE EDUCATION OF LEADERS FOR APPROXIMATELY 45 UNDERGRADUATE MAJORS AND 11 GRADUATE PROGRAMS IN HEALTH SERVICES, HUMAN AND SOCIAL SERVICES, HUMAN PERFORMANCE AND SPORT STUDIES, AND THE ARTS AND SCIENCES, INCLUDING DOCTORAL DEGREES IN PHYSICAL EDUCATION, PHYSICAL THERAPY AND COUNSELING PSYCHOLOGY. 145319352 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 5995 0 1 3359 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 CA MA NY X X JOHN L MAILHOT 4137483145 263 ALDEN STREET SPRINGFIELD MA 01109 X DENISE ALLEYNE TRUSTEE 0.50 X 0 0 0 DONAVIN ANDREWS STUDENT TRUSTEE 0.50 X 6275 0 0 KURT ASCHERMANN TRUSTEE 0.50 X 0 0 0 BRIDGET BELGIOVINE TRUSTEE 0.50 X 0 0 0 RAYMOND L BERRY TRUSTEE 0.50 X 0 0 0 WILLIAM A BRUKE III TRUSTEE 0.50 X 0 0 0 MARY-BETH A COOPER PRESIDENT 40.00 X X 434517 0 71830 DOUGLASS L COUPE TRUSTEE 0.50 X 0 0 0 JOHN L DOLEVA TRUSTEE 0.50 X 0 0 0 CHARISSE F DUROURE TRUSTEE 0.50 X 0 0 0 LISA B EMIRZIAN TRUSTEE 0.50 X 0 0 0 JENI ELLIS HALLIDAY TRUSTEE 0.50 X 0 0 0 MARYLYNN A JACOBS TRUSTEE 0.50 X 0 0 0 JEFFREY M LEVY TRUSTEE 0.50 X 0 0 0 SUSAN E LUNDIN TRUSTEE 0.50 X 0 0 0 THOMAS MARKS TRUSTEE 0.50 X 0 0 0 STEPHEN W MCCARTHY TRUSTEE 0.50 X 0 0 0 MICHELE A MEGAS-DITOMASSI TRUSTEE 0.50 X 0 0 0 LINDA C MOFFAT TRUSTEE 0.50 X 0 0 0 JOHN A ODIERNA TRUSTEE 0.50 X 0 0 0 PETER J PAPPAS TRUSTEE 0.50 X 0 0 0 HOWARD A PULSIFER TRUSTEE 0.50 X 0 0 0 SUZANNE BENSON ROBOTTI TRUSTEE 0.50 X 0 0 0 JAMES H ROSS III VICE CHAIR 0.50 X X 0 0 0 MARENDA BROWN STITZER TRUSTEE 0.50 X 0 0 0 ROBERT M SULLIVAN JR TRUSTEE 0.50 X 0 0 0 CHERYL A SUZIO TRUSTEE 0.50 X 0 0 0 GREGORY C TOCZYDLOWSKI CHAIR 0.50 X X 0 0 0 KEVIN WASHINGTON TRUSTEE 0.50 X 0 0 0 SCOTT A WOLF TRUSTEE 0.50 X 0 0 0 LAUREN WINN YOUMANS TRUSTEE 0.50 X 0 0 0 JOHN L MAILHOT VP FOR FINANCE & ADMIN/TREASURER 40.00 X 210107 0 47638 CHRISTOPHER M NERONHA VP AND GENERAL COUNSEL/SECRETARY 40.00 X 189257 0 27090 CALVIN R HILL VP FOR INCLUSION AND COMMUNITY ENGAGEMENT 40.00 X 150174 0 13474 STUART D JONES VP FOR ENROLLMENT MANAGEMENT 40.00 X 184247 0 25078 MARTHA A POTVIN VP FOR ACADEMIC AFFAIRS/PROVOST 40.00 X 218724 0 32515 GARY R BLANCHETTE VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 138817 0 19677 DANNY R DAVIS CHIEF INFORMATION OFFICER 40.00 X 152064 0 13396 JOEL B DEARING ASSOCIATE PROFESSOR 40.00 X 139945 0 73315 JOHN A EISLER DEAN, SCHOOL OF PROFESSIONAL & CONTINUING STUDIES 40.00 X 145858 0 35395 SHANNON M FINNING VICE PRESIDENT FOR STUDENT AFFAIRS 40.00 X 145832 0 37972 JOHN A WHITE EXECUTIVE DIRECTOR FOR CORPORATE PARTNERSHIPS 40.00 X 125071 0 52268 2240888 0 449648 60 1 1 0 A-Z CORPORATION PO BOX 370 NORTH STONINGTON CT 06359 CONSTRUCTION 11411098 ARAMARK CORPORATION 263 ALDEN STREET SPRINGFIELD MA 01109 FOOD SERVICES 8428724 NETWORK DESIGN & CONSTRUCTION INC 35 ROBERT JACKSON WAY PLAINVILLE CT 06062 CONSTRUCTION 592099 ADP INC ONE ADP PLAZA MILFORD CT 06461 PAYROLL SERVICES 483260 KING WARD COACH LINES 70 JUSTIN DRIVE CHICOPEE MA 01022 TRANSPORTATION SERVICES 427701 14 3650 34625 7504504 5407717 1780803 12950496 STUDENT TUITION & FEES 611310 118922120 118922120 SALES/SERVICE AUXILIARY ENTERPRIS 611310 24795185 24781226 13959 OTHER PROGRAM INCOME 611310 3351386 3349336 2050 SALES/SERVICES EDUCATIONAL DEPART 611310 1226553 1226553 148295244 2867483 -183659 3051142 75149 0 75149 75149 75149 26683855 1329828 25834027 635924 849828 693904 1543732 1543732 85508 34625 45444 40064 40064 165772168 148279235 -167650 4710087 51457091 51457091 334722 334722 1597784 1380269 162605 54910 49798454 43019120 5067939 1711395 3331940 2878345 339088 114507 7959020 6856329 833123 269568 3525653 3045687 358802 121164 160362 160362 118324 118324 273446 273446 1937422 897269 906949 133204 846128 192010 654118 10539052 8827009 1087134 624909 1935112 1704178 180193 50741 7366012 5775653 1386467 203892 1470677 1243050 134376 93251 1913802 1339662 382760 191380 8084047 5658833 1616809 808405 1309547 1309547 AUXILIARY ENTERPRISES 7681064 7437539 162350 81175 ATHLETICS 1771570 1771570 MISCELLANEOUS EXPENSES 1101820 708833 211418 181569 BAD DEBTS 533471 518737 14734 165046520 145319352 15072364 4654804 12354789 9673816 641056 971614 5009743 4344604 2500 2000 3597984 3486447 446993 434016 4058224 4272805 259326363 131074790 125509885 128251573 107918375 104321801 8822451 8941542 268362000 264700218 14345480 10498710 3991953 3991953 7351889 6240698 68780949 66532502 5125363 5274782 99595634 92538645 X 102835794 102986068 30992263 32233474 34938309 36942031 168766366 172161573 268362000 264700218 X 725648 2264793 404766 X X 0 1 X 1 1 1 X 11609435 12580882 11411881 12578960 12950496 61131654 11609435 12580882 11411881 12578960 12950496 61131654 61131654 1836194 2076002 2503313 2581986 3126291 12123786 32285 26775 33780 59242 85508 237590 73493030 729123887 0.83180 0.85450 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2013 AMOUNT: $ 32,285. 2014 AMOUNT: $ 26,775. 2015 AMOUNT: $ 33,780. 2016 AMOUNT: $ 59,242. 2017 AMOUNT: $ 85,508. 0 119650 0 0 X X 0 71422251 3490979 4802715 2746553 0 0 76969392 61137906 4716855 8399090 2831600 0 0 71422251 63494613 2440363 -2150057 2647013 0 0 61137906 65321741 1383634 -1127383 2083379 0 0 63494613 54631440 1323812 10292816 926327 0 0 65321741 0.18500 0.48000 0.33500 0 0 5570287 5570287 104177292 33920482 70256810 94717182 51883373 42833809 46529042 38997108 7531934 8332560 6273827 2058733 128251573 ACCOUNTS HELD FOR OTHERS 308081 ASSET RETIREMENT OBLIGATIONS 1767930 CAPITAL LEASE OBLIGATIONS 552493 TAXABLE BONDS 2646278 5274782 X 116377392 2264793 -51386123 -49121330 165498722 273446 273446 165772168 112982185 0 112982185 273446 51790889 52064335 165046520 PART III, LINE 4: ART WORK WAS DONATED IN 1978. WORKS ARE ON DISPLAY TO THE PUBLIC IN VARIOUS LOCATIONS ON THE MAIN CAMPUS AND ARE PRESERVED FOR FUTURE USE. PART V, LINE 4: BOARD DESIGNATED FUNDS ARE TO BE USED AS NEEDED TO FUND SCHOLARSHIPS, CAPITAL EXPENDITURES, GENERAL EXPENDITURES AND PROVIDE PROGRAM SUPPORT. PERMANENT ENDOWED FUNDS ARE TO BE RETAINED PERMANENTLY ACCORDING TO DONOR STIPULATION OR MAUPMIFA. TEMPORARILY RESTRICTED ENDOWED FUNDS ARE TO BE USED ACCORDING TO DONOR STIPULATIONS. PART X, LINE 2: THE COLLEGE HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER THE INTERNAL REVENUE CODE SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND, ACCORDINGLY, DOES NOT PROVIDE FOR INCOME TAXES. HOWEVER, THE COLLEGE IS SUBJECT TO UNRELATED BUSINESS INCOME TAXES RELATED TO OTHER PROGRAM INCOME AND SUCH TAXES ARE INCLUDED IN MANAGEMENT AND GENERAL EXPENSES IN THE STATEMENTS OF ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF SWAP 404,766. OTHER 924. FINANCIAL AID TO STUDENTS -51,791,813. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS 51,791,813. OTHER -924. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SPRINGFIELD COLLEGE PUBLISHES A NOTICE OF ITS RACIALLY NONDISCRIMINATORY POLICY IN A NEWSPAPER OF GENERAL CIRCULATION THAT SERVES ALL RACIAL SEGMENTS OF ITS COMMUNITY. THE POLICY STATES "SPRINGFIELD COLLEGE DOES NOT DISCRIMINATE AGAINST ANY PERSONS BASED ON RACE COLOR, RELIGION, NATIONAL OR ETHNIC ORIGIN, AGE, SEX, SEXUAL ORIENTATION, GENDER IDENTITY OR EXPRESSION, DISABILITY, VETERAN STATUS, OR ANY OTHER LEGALLY PROTECTED BASIS IN ADMISSION AND ACCESS TO, AND EMPLOYMENT AND TREATMENT, IN ITS PROGRAMS AND ACTIVITIES." IN ADDITION, THE POLICY IS PUBLISHED IN THE COLLEGE'S STUDENT HANDBOOK, CATALOGS AND WEBSITE, AND ON VARIOUS RECRUITMENT AND INFORMATIONAL MATERIALS. SCHEDULE E, PART I, LINE 6 THE COLLEGE AND ITS STUDENTS PARTICIPATE IN THE FOLLOWING FEDERAL FUNDED PROGRAMS: FEDERAL PELL GRANT, FEDEREAL PERKINS LOAN, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPRTUNITY GRANT, FEDERAL WORK STUDY AND FEDERAL DIRECT LOAN PROGRAM. ADDITIONALLY, THE STUDENTS PARTICIPATE IN VARIOUS STATE AWARD AND LOAN PROGRAMS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING SCHOLARSHIPS 14830 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING SCHOLARSHIPS 201442 EUROPE (INCLUDING ICELAND AND GREENLAND 0 0 GRANTMAKING SCHOLARSHIPS 23320 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING SCHOLARSHIPS 9660 SOUTH ASIA 0 0 GRANTMAKING SCHOLARSHIPS 8330 SUB-SAHARAN AFRICA 0 0 GRANTMAKING SCHOLARSHIPS 77140 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES EDUCATIONAL/RESEARCH 9200 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL/RESEARCH 14159 EUROPE (INCLUDING ICELAND AND GREENLAND 0 0 PROGRAM SERVICES EDUCATIONAL/RESEARCH 32128 SOUTH AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL/RESEARCH 7000 0 0 0 0 0 0 358081 39128 397209 SCHOLARSHIPS/ASSISTANCE FOR TUITION EUROPE (INCLUDING ICELAND 2 23320 CHECK SCHOLARSHIPS/ASSISTANCE FOR TUITION MIDDLE EAST AND NORTH AFRICA 2 9660 CHECK SCHOLARSHIPS/ASSISTANCE FOR TUITION SOUTH ASIA 1 8330 CHECK SCHOLARSHIPS/ASSISTANCE FOR TUITION SUB-SAHARAN AFRICA 4 77140 CHECK SCHOLARSHIPS/ASSISTANCE FOR TUITION CENTRAL AMERICA AND THE CARIBBEAN 1 14830 CHECK SCHOLARSHIPS/ASSISTANCE FOR TUITION EAST ASIA AND THE PACIFIC 15 201442 CHECK 0 0 1 0 0 1 PART I, LINE 2: SPRINGFIELD COLLEGE HAS AGREEMENTS WITH COOPERATING INSTITUTIONS TO ENSURE THAT GRANT PAYMENTS RECEIVED FROM THE COLLEGE WILL BE PROPERLY CREDITED TO THE STUDENTS ACCOUNT AT THE FOREIGN INSTITUTION. PART I, LINE 3: THE AMOUNTS REPORTED IN COLUMN (F), TOTAL EXPENDITURES FOR EDUCATION AND RESEARCH, REPRESENT OTHER FOREIGN ACTIVITY EXPENSES IDENTIFIABLE BY REGION AND ACTIVITY IN THE COLLEGE'S ACCOUNTING SYSTEM. THE AMOUNTS REPORTED IN COLUMN (F), TOTAL EXPENDITURES FOR SCHOLARSHIPS, REPRESENT SCHOLARSHIPS AND GRANTS TO SPRINGFIELD COLLEGE INTERNATIONAL STUDENTS. SCHEDULE F, PART III: THE SCHOLARSHIPS REPORTED IN PART III INCLUDE AWARDS TO SPRINGFIELD COLLEGE INTERNATIONAL STUDENTS ATHLETICS GOLF TOURNAMENT 76963 34625 42338 200 8821 12654 9447 3730 YMCA LONG COURSE INVITATIONAL 15852 15852 2874 4 27318 27318 2802 4916 120133 34625 85508 200 8821 12654 12249 11520 45444 40064 1 FINANCIAL AID AND SCHOLARSHIP FUNDS 4286 51457091 0 SCHEDULE I, PART I, LINE 2 THE COLLEGE OFFERS FINANCIAL AID TO ASSIST STUDENTS ON THE BASIS OF FULL-TIME ENROLLMENT. FACTORS INFLUENCING THE AMOUNT AND TYPE OF AID AWARDED INCLUDE FINANCIAL NEED, ACADEMIC ACHIEVEMENT, LEADERSHIP AND OTHER PERSONAL QUALITATIVE ATTRIBUTES. THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA), WHICH HELPS TO ESTABLISH A STUDENT'S FINANCIAL NEED, SERVES AS THE APPLICATION FOR FINANCIAL AID. FILES DETAILING GRANT AND SCHOLARSHIP REQUIREMENTS AND CRITERIA ARE REVIEWED TO ENSURE INDIVIDUAL STUDENT ELIGIBILITY BEFORE AWARDS ARE MADE. THE COLLEGE DOES NOT DISCRIMINATE AGAINST ANY PERSON ON THE BASIS OF RACE COLOR, RELIGION, NATIONAL OR ETHNIC ORIGIN, AGE, SEX, SEXUAL ORIENTATION, GENDER IDENTITY OR EXPRESSION, DISABILITY, VETERAN STATUS, OR ANY OTHER LEGALLY PROTECTED BASIS. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 MARY-BETH A COOPER PRESIDENT 378864 0 54621 0 1032 0 24000 0 48227 0 506744 0 0 0 JOHN L MAILHOT VP FOR FINANCE & ADMIN/TREASURER 209323 0 0 0 784 0 18802 0 28836 0 257745 0 0 0 CHRISTOPHER M NERONHA VP AND GENERAL COUNSEL/SECRETARY 188865 0 0 0 392 0 17365 0 10037 0 216659 0 0 0 CALVIN R HILL VP FOR INCLUSION AND COMMUNITY ENGAG 150007 0 0 0 167 0 13474 0 238 0 163886 0 0 0 STUART D JONES VP FOR ENROLLMENT MANAGEMENT 178107 0 5000 0 1140 0 16245 0 8833 0 209325 0 0 0 MARTHA A POTVIN VP FOR ACADEMIC AFFAIRS/PROVOST 217370 0 0 0 1354 0 19160 0 13709 0 251593 0 0 0 GARY R BLANCHETTE VP FOR INSTITUTIONAL ADVANCEMENT 138817 0 0 0 0 0 4555 0 15123 0 158495 0 0 0 DANNY R DAVIS CHIEF INFORMATION OFFICER 149012 0 0 0 3052 0 13396 0 255 0 165715 0 0 0 JOEL B DEARING ASSOCIATE PROFESSOR 139605 0 0 0 340 0 9503 0 63968 0 213416 0 0 0 JOHN A EISLER DEAN, SCHOOL OF PROFESSIONAL & CONTI 145574 0 0 0 284 0 13855 0 21795 0 181508 0 0 0 SHANNON M FINNING VICE PRESIDENT FOR STUDENT AFFAIRS 145654 0 0 0 178 0 14028 0 24190 0 184050 0 0 0 JOHN A WHITE EXECUTIVE DIRECTOR FOR CORPORATE PAR 124731 0 0 0 340 0 11829 0 40718 0 177618 0 0 0 PART I, LINE 1A AS APPROVED BY THE BOARD OF TRUSTEES, HOUSING AND RELATED HOUSECLEANING SERVICES ARE PROVIDED FOR THE PRESIDENT OF THE COLLEGE AS A CONDITION OF EMPLOYMENT TO ALLOW THE PRESIDENT TO MORE EFFECTIVELY FULFILL HER DUTIES. HOUSING PROVIDED IS COLLEGE-OWNED AND IS LOCATED ON THE MAIN CAMPUS. IN ADDITION, THE COLLEGE PAYS FOR COMPANION TRAVEL FOR THE PRESIDENT'S SPOUSE WHEN THE PRESENCE OF HER SPOUSE IS APPROPRIATE TO FURTHER THE INTERESTS OF THE COLLEGE, AND REIMBURSES THE PRESIDENT FOR REASONABLE EXPENSES INCURRED FOR PROFESSIONAL AND COMMUNITY ACTIVITIES, INCLUDING MEMBERSHIP IN PROFESSIONAL AND/OR COMMUNITY ORGANIZATIONS, AND PROVIDES A MEMBERSHIP FOR A SOCIAL CLUB TO BE USED FOR COLLEGE RELATED BUSINESS PURPOSES. PART I, LINE 7 AS APPROVED BY THE BOARD OF TRUSTEES EVALUATION AND COMPENSATION COMMITTEE, THE PRESIDENT AND VICE PRESIDENT FOR ENROLLMENT MANAGEMENT WERE PROVIDED A DISCRETIONARY BONUS IN CALENDAR YEAR 2017 FOR THEIR SERVICE. A MDFA REVENUE BONDS 2012 042104329 2012-11-08 10315000 PRIVATE PLACEMENT REFINANCING OF OUTSTANDING DEBT 0 0 0 B MDFA REVENUE BONDS 2016 042104329 2016-06-23 63125000 REFINANCE AND CONSTRUCTION 0 0 0 A 2059178 10315000 178170 10136830 2012 0 1 1 1 B 3608205 63202362 2338347 738512 12626969 47516213 2010 0 1 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 1 1 UNIBANK 15.000000000000 0 0 0 0 1 A 0 B 0 SCHEDULE K, PART I 11/08/2012 10,315,000 MDFA REVENUE BONDS 2012 - THE MASS DEVELOPMENT FINANCE AGENCY REVENUE BONDS 2012 CONSIST OF TAX-EXEMPT BONDS OF $10,315,000 AND TAXABLE BONDS OF $3,505,000. THE INFORMATION PROVIDED IN PART I THROUGH PART V, COLUMN A IS BASED ON THE TAX-EXEMPT PORTION OF THE BOND ISSUE. SCHEDULE K, PART II, LINE 4 06/23/2016 63,125,000 MDFA REVENUE BONDS 2016 - THE GROSS PROCEEDS OF THE MASS DEVELOPMENT FINANCE AGENCY REVENUE BONDS 2016 CONSIST OF BOND PROCEEDS OF $63,125,000 AND INVESTMENT INCOME OF $77,362 ACCRUED DURING THE PROJECT PERIOD. SCHEDULE K, PART II, LINE 11 11/08/2012 10,315,000 MDFA REVENUE BONDS 2012 - AND 06/23/2016 63,125,000 MDFA REVENUE BONDS 2016 - OTHER SPENT PROCEEDS WERE USED TO REFINANCE PRIOR BONDS. SCHEDULE K, PART IV, LINE 2C 11/08/2012 10,315,000 MDFA REVENUE BONDS 2012 - THE COLLEGE CONTRACTS WITH A THIRD-PARTY CONSULTANT TO PROVIDE AN ANNUAL ARBITRAGE REBATE CALCULATION FOR THE COLLEGE'S TAX-EXEMPT BONDS. PER THE CALCULATION, THE COLLEGE CURRENTLY HAS NO REBATE LIABILITY. STUART JONES KEY EMPLOYEE EMPLOYEE NEIGHBORHOOD X 2500 2000 0 0 1 2000 SCHEDULE L, PART II THE COLLEGE HAS AN EMPLOYEE NEIGHBORHOOD HOMEOWNERSHIP PROGRAM TO ASSIST EMPLOYEES IN BUYING HOUSES FOR THEIR PRIMARY RESIDENCES WITHIN THE NEIGHBORHOODS SURROUNDING CAMPUS. ALL FULL-TIME EMPLOYEES ARE ELIGIBLE TO PARTICIPATE IN THE PROGRAM, WHICH PROVIDES A MATCHING DOWN PAYMENT, UP TO A MAXIMUM OF $5,000, AND SUBSEQUENT DEBT FORGIVENESS AMORTIZED OVER FIVE YEARS, BASED ON CONTINUED EMPLOYMENT WITH THE COLLEGE. X 26 1480803 FAIR MARKET VALUE X OTHER 1 300000 0 1 1 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: SPRINGFIELD COLLEGE HAS A BANKING ARRANGEMENT TO PROCESS STOCK DONATIONS. STOCK DONATIONS ARE IMMEDIATELY SOLD, WITH THE PROCEEDS TRANSFERRED TO THE COLLEGE'S BANK ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11B IRS FORM 990 IS PREPARED BY THE CONTROLLER AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. THE FORM 990 AND ACCOMPANYING SCHEDULES, ALONG WITH RELEVANT SUPPORTING MATERIALS, ARE SUBSEQUENTLY REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THE FORM 990 IS THEN PROVIDED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW, DISCUSSION AND APPROVAL. THE COMPLETED AND APPROVED FORM 990 IS THEN MADE AVAILABLE TO THE ENTIRE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS FOR BOARD OF TRUSTEE MEMBERS, OFFICERS AND DESIGNATED EMPLOYEES ARE COMPLETED ANNUALLY AND ARE REVIEWED BY INTERNAL AUDIT PERSONNEL, LEGAL COUNSEL AND THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. STATEMENTS ARE FILED IN THE HUMAN RESOURCES OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES REVIEWS THE PRESIDENT'S OVERALL COMPENSATION PACKAGE IN COMPARISON TO INDUSTRY STANDARDS AND PEER INSTITUTIONS. OFFICERS AND KEY EMPLOYEES' SALARIES ARE DETERMINED BY THE PRESIDENT, USING EXTERNAL BENCH-MARKING AND WITHIN BUDGET CONSTRAINTS ESTABLISHED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 14: SPRINGFIELD COLLEGE HAS A RECORD RETENTION POLICY; HOWEVER THE POLICY WAS NOT APPROVED BY THE BOARD OF TRUSTEES AS OF JUNE 30, 2018. FORM 990 PART VII, SECTION A, LINE 1A: BOARD MEMBERS ARE NOT COMPENSATED FOR THEIR BOARD SERVICE, BUT MAY RECEIVE COMPENSATION FOR OTHER SERVICES SUCH AS FACULTY, ADJUNCT OR STUDENT EMPLOYMENT. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 404,766. FORM 990 XII LINE 2C: THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. HICKORY STREET DEVELOPMENT LLC 263 ALDEN STREET SPRINGFIELD MA 01109 261851011 REAL ESTATE HOLDING COMPANY MA 0 0 SPRINGFIELD COLLEGE