2018-04-24T15:16:58-07:00 2017-06-30 990 2016-07-01 042104329 SPRINGFIELD COLLEGE SPRI 4137483145 263 Alden Street Springfield MA 01109 John L Mailhot VP for Finance and Admin 4137483145 2018-05-15 2016 2022-09-23 18:48:47Z Mary-Beth Cooper 263 Alden Street Springfield MA 01109 171184058 0 X www.springfield.edu X 1890 MA See Schedule O 32 30 3330 300 -134971 -131472 11411881 12578960 147712096 145220765 2214599 3340821 84270 80644 161422846 161221190 47530503 48887110 0 0 65247521 64994462 0 0 4245841 45283563 44261227 158061587 158142799 3361259 3078391 259039670 268362000 100271568 99595634 158768102 168766366 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 139240165 48887110 145220765 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. 0 0 0 139240165 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 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 6311 0 1 3330 1 1 1 0 0 0 0 1 1 0 0 0 0 X 32 30 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 Gregory C Toczydlowski Chair 0.5 X 0 0 0 James H Ross III Vice Chair 0.5 X 0 0 0 Denise Alleyne Trustee 0.5 X 0 0 0 Kurt Aschermann Trustee 0.5 X 0 0 0 Bridget Belgiovine Trustee 0.5 X 0 0 0 William A Burke III Trustee 0.5 X 0 0 0 Douglass L Coupe Trustee 0.5 X 0 0 0 John L Doleva Trustee 0.5 X 0 0 0 Charisse F Duroure Trustee 0.5 X 0 0 0 Lisa B Emirzian Trustee 0.5 X 0 0 0 Sally M Griggs Trustee 0.5 X 0 0 0 Jeni Ellis Halliday Trustee 0.5 X 0 0 0 MaryLynn Jacobs Trustee 0.5 X 0 0 0 Jeffrey M Levy Trustee 0.5 X 0 0 0 Susan E Lundin Trustee 0.5 X 0 0 0 Thomas Marks Trustee 0.5 X 0 0 0 Stephen W McCarthy Trustee 0.5 X 0 0 0 Michele Megas-Ditomassi Trustee 0.5 X 0 0 0 Linda C Moffat Trustee 0.5 X 0 0 0 John A Odierna Trustee 0.5 X 0 0 0 Peter J Pappas Trustee 0.5 X 0 0 0 Howard A Pulsifer Trustee 0.5 X 0 0 0 Suzanne Robotti Trustee 0.5 X 0 0 0 H Todd Stitzer Trustee 0.5 X 0 0 0 Robert M Sullivan Jr Trustee 0.5 X 0 0 0 Cheryl A Suzio Trustee 0.5 X 0 0 0 James E Walsh Trustee 0.5 X 0 0 0 Troy M Ward Jr Student Trustee 0.5 X 1906 0 0 Kevin Washington Trustee 0.5 X 0 0 0 Scott A Wolf Trustee 0.5 X 0 0 0 Lauren Grimes Youmans Trustee 0.5 X 0 0 0 Mary-Beth Cooper President 40 X X 433128 0 82057 John Mailhot VP for Finance & Administration/Treasurer 40 X 223634 0 57284 Christopher Neronha VP and General Counsel/Secretary 40 X 200055 0 18211 Shannon Finning VP for Student Affairs 40 X 142934 0 33255 Calvin Hill VP for Inclusion and Community Engagement 40 X 147866 0 11708 John White VP of Development & Alumni Relations 40 X 166000 0 38778 Julia Chevan Interim Dean of Health Sciences & Rehab Studies 40 X 129858 0 35412 John Eisler Dean, School of Professional & Continuing Studies 40 X 142016 0 16311 Anne Herzog Dean of School of Arts/Sciences/Prof Studies 40 X 132853 0 35571 Mary Ann Coughlin Associate VP Academic Affairs 40 X 141430 0 18821 Danny Davis Chief Information Officer 40 X 152854 0 13666 John Holik Associate Professor 40 X 124163 0 28090 Albert Petitpas Professor 40 X 142552 0 29105 Francine Vecchiolla Dean of School of Social Work 40 X 136472 0 12101 2417721 0 430370 64 0 1 0 Aramark Corporation 263 Alden Street Springfield MA 01109 Food Service 8249775 A-Z Corporation P O Box 370 North Stonington CT 06359 Construction 1343025 ICON Architecture Inc 101 Summer Street Boston MA 02110 Architect 1263808 FW Madigan Company Inc PO Box 20670 Worcester MA 01602 Construction 768233 Associated Builders Inc 4 Industrial Drive South Hadley MA 01075 Construction 658498 18 5700 0 46625 0 7915162 4611473 424364 12578960 Student tuition and fees 611310 118280265 118280265 0 0 Sales/service auxiliary 611310 22980010 22980010 0 0 Sales/service educational departments 611310 1060582 1060582 0 0 Other program income 611310 2899908 2899908 0 0 0 0 0 0 145220765 2381245 0 -134971 2516216 0 0 0 0 0 0 0 0 65770 0 0 0 65770 0 65770 0 0 65770 10859260 18816 9895412 23088 963848 -4272 959576 0 0 959576 59242 46625 44368 14874 0 14874 0 161221190 145220765 -134971 3556436 0 0 48535115 48535115 351995 351995 0 0 2482609 2159869 248261 74479 0 0 0 0 48552569 42181516 4909459 1461594 3089481 2683869 312591 93021 7105153 6138589 756635 209929 3764650 3270654 380668 113328 0 0 0 0 128310 0 128310 0 95860 0 95860 0 0 0 0 0 0 0 278604 278604 0 0 1638705 841161 701495 96049 1122131 222736 899395 0 9938996 7965695 1211499 761802 2191679 1814880 329020 47779 0 0 0 0 6906789 5547364 1185140 174285 1337082 1125198 124588 87296 0 0 0 0 0 0 0 0 1802273 1261591 360455 180227 0 0 0 0 7523439 5266407 1504688 752344 1288059 0 1288059 0 Auxiliary enterprises 7271783 7149403 81587 40793 Athletics 1719326 1719326 0 0 Bad debt 510277 475821 0 34456 Miscellaneous expense 507914 250372 139083 118459 158142799 139240165 14656793 4245841 27004982 12354789 0 0 495597 641056 5298903 5009743 0 2500 0 0 4092233 3597984 446592 446993 4475321 4058224 249322668 123812783 116772320 125509885 93002767 107918375 7450955 8822451 0 0 0 0 0 0 259039670 268362000 10303163 14345480 4038650 3991953 9371583 7351889 70859387 68780949 0 0 0 0 0 0 0 0 5698785 5125363 100271568 99595634 X 99364000 102835794 25414293 30992263 33989809 34938309 158768102 168766366 259039670 268362000 X 3078391 6130324 0 0 0 789549 X 0 1 X 1 1 1 X 6266270 4196863 5010861 3406195 4672972 23553161 0 0 0 0 0 0 0 0 0 0 0 0 6266270 4196863 5010861 3406195 4672972 23553161 0 23553161 1484266 1836194 1943010 2369211 2447015 10079696 9131 0 0 0 0 9131 0 0 0 0 0 0 33641988 760593026 0.70011 0.70613 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 119650 0 0 X X 0 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 47087269 1897643 7537074 1890546 0 0 54631440 0.175 0.489 0.336 0 0 0 5556744 5556744 0 104759391 32287659 72471732 0 74718039 47673136 27044903 0 43662533 37803073 5859460 0 20625961 6048915 14577046 125509885 0 Assets held for others 246513 Capital lease obligations 297019 Asset retirement obligations 1761749 Taxable bonds 2820082 5125363 118975349 6130324 0 0 -48097561 -41967237 160942586 278604 0 278604 161221190 108977085 0 0 0 0 0 108977085 278604 48887110 49165714 158142799 Schedule D, 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. Schedule D, Part V, Line 4 Board designated funds are to be used as needed to fund scholarships, capital expenditures, general expenditure 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. Schedule D, Part XI, Line 2d Financial aid to students: -$48,887,110; Change in fair value of swap: $789,549; Total: -$48,097,561. Schedule D, Part XII, Line 4b Financial aid to students: $48,887,110. 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 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 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 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, Federal Perkins Loan, Federal Supplemental Educational Opportunity Grant, Federal Work Study and Federal Direct Loan Program. Additionally, the students participate in various state award and loan programs. 1 East Asia and the Pacific 0 0 Grantmaking Scholarships 177328 Europe (including Iceland and Greenland) 0 0 Grantmaking Scholarships 98479 Middle East and North Africa 0 0 Grantmaking Scholarships 17270 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking Scholarships 21736 South Asia 0 0 Grantmaking Scholarships 11856 Sub-Saharan Africa 0 0 Grantmaking Scholarships 25326 Central America and the Caribbean 0 0 Program Services Educational/research 6000 Europe (including Iceland and Greenland) 0 0 Program Services Educational/research 5002 Sub-Saharan Africa 0 0 Program Services Educational/research 50 Central America and the Caribbean 0 0 Investments 3724563 0 0 4087610 Scholarships/assistance for tuition East Asia and the Pacific 15 177328 Check 0 Scholarships/assistance for tuition Europe (including Iceland and Greenland) 6 98479 Check 0 Scholarships/assistance for tuition Middle East and North Africa 2 17270 Check 0 Scholarships/assistance for tuition North America (including Canada and Mexico, but not the United States) 1 21736 Check 0 Scholarships/assistance for tuition South Asia 1 11856 Check 0 Scholarships/assistance for tuition Sub-Saharan Africa 2 25326 Check 0 0 0 1 0 0 0 Schedule F, 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 student's account at the foreign institution. Schedule F, 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. Athletic Golf Tournament 77663 46625 31038 200 9093 12654 9334 0 3843 YMCA Long Course Invitational 15396 0 15396 0 0 0 0 0 3178 2 12808 0 12808 0 399 0 1459 0 4208 105867 46625 59242 200 9492 12654 10793 0 11229 44368 14874 1 Financial aid and scholarship funds 4601 48535115 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 Cooper President 377156 0 53550 0 2422 0 23850 0 60862 0 517840 0 0 0 John Mailhot VP for Finance & Administration/Treasurer 200093 0 0 0 23541 0 22809 0 35724 0 282167 0 0 0 Christopher Neronha VP and General Counsel/Secretary 189656 0 10000 0 399 0 17024 0 1888 0 218967 0 0 0 Shannon Finning VP for Student Affairs 136819 0 0 0 6115 0 12126 0 21830 0 176890 0 0 0 Calvin Hill VP for Inclusion and Community Engagement 141702 0 0 0 6164 0 11708 0 678 0 160252 0 0 0 John White VP of Development & Alumni Relations 159789 0 0 0 6211 0 18056 0 21474 0 205530 0 0 0 Julia Chevan Interim Dean of Health Sciences & Rehab Studies 129690 0 0 0 168 0 12668 0 23360 0 165886 0 0 0 John Eisler Dean, School of Professional & Continuing Studies 141748 0 0 0 268 0 5795 0 10828 0 158639 0 0 0 Anne Herzog Dean of School of Arts/Sciences/Prof Studies 132378 0 0 0 475 0 12799 0 23457 0 169109 0 0 0 Mary Ann Coughlin Associate VP Academic Affairs 130748 0 10000 0 682 0 11980 0 7480 0 160890 0 0 0 Danny Davis Chief Information Officer 152328 0 0 0 526 0 13666 0 719 0 167239 0 0 0 John Holik Associate Professor 123830 0 0 0 333 0 7868 0 20413 0 152444 0 0 0 Albert Petitpas Professor 141694 0 0 0 858 0 13406 0 16243 0 172201 0 0 0 Schedule J, 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. Schedule J, Part I, Line 7 As approved by the Board of Trustees Evaluation and Compensation Committee, the President, Vice President and General Counsel, and Associate Vice President Academic Affairs were provided a discretionary bonus in calendar year 2016 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 1626354 0 10315000 0 0 0 178170 0 0 0 10136830 0 2012 0 1 1 1 B 1724449 0 63183396 14160947 0 0 738512 0 0 727285 47516213 0 2010 0 1 0 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 1 1 UniBank 15 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 3-06/23/2016 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 $58,396 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. Stuart Jones Officer Employee Neighborhood Homeownership Program X 2500 2500 0 0 1 2500 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 3 Fair value X 34 409086 Fair value X Equipment 1 915 Fair value X Other miscellaneous 3 14360 Fair value 0 0 1 1 Schedule M, 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 I, Line 1 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. 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 14 Springfield College has a record retention policy; however the policy was not approved by the Board of Trustees as of June 30, 2017. 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 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: $789,549. Hickory Street Development LLC 263 Alden Street Springfield MA 01109 261851011 Real Estate holding company MA 0 0 Springfield College