2023-05-05T11:26:22-05:00 2022-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2021-07-01 042104329 SPRINGFIELD COLLEGE SPRI 4137483145 263 ALDEN STREET SPRINGFIELD MA 01109 MARY-BETH COOPER PRESIDENT 4137483145 2023-05-04 1 MARY-BETH COOPER 999009999 LAURA KIELCZEWSKI P00740769 9592007000 2023-05-04 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MARY-BETH COOPER 263 ALDEN STREET SPRINGFIELD MA 01109 174213487 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. 28 27 2421 300 -54285 0 15942743 20219337 137447966 137546048 8752176 6548129 223985 236878 162366870 164550392 58947206 63052627 0 0 57489143 58815288 28500 0 2608670 38186196 43828285 154651045 165696200 7715825 -1145808 272289187 306479974 81848343 140937376 190440844 165542598 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 155027053 63052627 137544874 THE COLLEGE OFFERS A RANGE OF UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS IN THE FIELDS OF HEALTH SCIENCES, HUMAN & SOCIAL SERVICES, SPORT MANAGEMENT & MOVEMENT STUDIES, EDUCATION, BUSINESS, AND THE ARTS & SCIENCES. IT ALSO OFFERS DOCTORAL PROGRAMS IN PHYSICAL EDUCATION, PHYSICAL THERAPY, EDUCATIONAL LEADERSHIP, EXERCISE PHYSIOLOGY AND COUNSELING PSYCHOLOGY. 155027053 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 4931 0 1 2421 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 27 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MA NY X X TANYA SEARS AVP FINANCE&ADMINCONTROLLER 4137483145 263 ALDEN STREET SPRINGFIELD MA 01109 X WILLIAM A BURKE III CHAIR 0.50 X X 0 0 0 BRIDGET BELGIOVINE VICE CHAIR 0.50 X X 0 0 0 DENISE ALLEYNE TRUSTEE 0.50 X 0 0 0 KURT ASCHERMANN TRUSTEE 0.50 X 0 0 0 RAYMOND L BERRY TRUSTEE 0.50 X 0 0 0 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 MARK A ELGART TRUSTEE 0.50 X 0 0 0 LISA B EMIRZIAN TRUSTEE 0.50 X 0 0 0 PIA DENISE FLANAGAN TRUSTEE 0.50 X 0 0 0 MARYLYNN A JACOBS 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 MICHELE A MEGAS-DITOMASSI 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 ANTHONY POINDEXTER TRUSTEE 0.50 X 0 0 0 HOWARD A PULSIFER TRUSTEE 0.50 X 0 0 0 SUZANNE ROBOTTI TRUSTEE 0.50 X 0 0 0 JAMES H ROSS III TRUSTEE 0.50 X 0 0 0 ANTHONY L SARAGE TRUSTEE 0.50 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 GREGORY C TOCZYDLOWSKI TRUSTEE 0.50 X 0 0 0 JOHN H WALKER TRUSTEE 0.50 X 0 0 0 SABRINA WILLIAMS STUDENT TRUSTEE 0.50 X 1078 0 0 LAUREN WINN YOUMANS TRUSTEE 0.50 X 0 0 0 MARY-BETH A COOPER PRESIDENT 40.00 X X 515770 0 141326 WILLIAM GUERRERO VP FOR FIN & ADMIN/TREASURER 40.00 X 195086 0 22550 LINDA K MORGAN VP & GENERAL COUNSEL/SECRETARY 40.00 X 193043 0 37742 KATHLEEN A MARTIN CHIEF OF STAFF 40.00 X 156359 0 32327 BROOKE HALLOWELL DEAN, SCHOOL OF HEALTH SCIENCES 40.00 X 162841 0 22750 CALVIN R HILL VP FOR INCLUSION & COMMUNITY ENGAGEMENT 40.00 X 157629 0 12630 STUART D JONES VP FOR ENROLLMENT MANAGEMENT 40.00 X 188841 0 23608 MARY SUSAN GUYER DEAN, SCHOOL OF PHYS ED., PERF, SPORTS LDRSHIP 40.00 X 159162 0 20160 MARTHA A POTVIN VP FOR ACADEMIC AFFAIRS/PROVOST 40.00 X 229820 0 32850 MARY ANN COUGHLIN INTERIM VP FOR ACADEMIC AFFAIRS/PROVOST 40.00 X 177334 0 20073 WESLEY CHURCH DEAN OF SCHOOL OF SOCIAL WORK, BEHAVIORAL SCIENCES 40.00 X 152955 0 37548 JULIE TYSON CONSIDINE SR. ASSOCIATE VP & DIRECTOR OF DEVELOPMENT 40.00 X 150004 0 39556 ANTHONY MUTTI CHIEF INFORMATION OFFICER 40.00 X 151180 0 10500 CRAIG F POISSON EXECUTIVE DIRECTOR ATHLETICS 40.00 X 142595 0 20633 STEPHEN A ROULIER VP COMMUNICATIONS & EXTERNAL AFFAIRS 40.00 X 138040 0 26201 MARK SUAZO PROFESSOR 40.00 X 147878 0 39656 PATRICK G LOVE ASSISTANT VP FINANCE & ADMINISTRATION 40.00 X 193295 0 21578 JOHN A WHITE ED FOR CORPORATE PARTNERSHIPS 40.00 X 117758 0 94331 3330668 0 656019 59 1 1 0 HARVEST TABLE 2400 MARKET STREET PHILADELPHIA PA 19103 DINING SERVICES 7342840 SLAM COLLABORATIVE INC 80 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 ARCHITECT 1583406 FRANK CAPASSO & SONS INC 1003 MIDDLETOWN AVENUE NORTHFORD CT 06472 CONSTRUCTION 1086946 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DRIVE SUITE 500 RESTON VA 20191 SOFTWARE/CONSULTING 1033165 ADP INC ONE ADP PLAZA MILFORD CT 06461 PAYROLL SERVICES 523262 16 36305 15423258 4759774 416076 20219337 STUDENT TUITION & FEES 611310 111981683 111981683 SALES/SERVICE AUXILIARY ENTERPRIS 611710 23193136 23193136 OTHER PROGRAM 611710 1719150 1717976 1174 SALES/SERVICES EDUCATIONAL DEPART 611710 652079 652079 137546048 4885619 -55459 4941078 120658 120658 235895 0 235895 235895 235895 10858396 318849 9044894 590499 1813502 -271650 1541852 1541852 28685 36305 27702 983 983 164550392 137544874 -54285 6840466 63052627 63052627 2624541 2107081 449163 68297 352603 95191 63460 193952 43407413 39584149 2455790 1367474 2661247 2457063 113428 90756 6489179 5927337 366820 195022 3280305 2959309 206950 114046 645026 645026 105300 105300 347858 347858 2960494 2467103 465628 27763 778737 768624 10113 8513524 7279325 746530 487669 2093938 1543317 549621 1000 5738701 5447098 277022 14581 979177 911908 25585 41684 3172665 2855412 301390 15863 7789663 7010697 740018 38948 1279586 831703 447883 AUXILIARY ENTERPRISES 7047970 7036117 11250 603 ATHLETICS 1743032 1743032 BAD DEBTS 78575 253200 19284 -193909 554039 348902 60216 144921 165696200 155027053 8060477 2608670 7527337 7694601 704045 32676 2717640 2414643 3870528 4380354 500 1708890 1243957 325431 3251631 3999902 279602684 156298042 117510437 123304642 124989398 145437252 9683350 14221780 0 3750167 272289187 306479974 8657427 9615493 2739309 2271241 5627664 5512554 60323292 117671931 4500651 5866157 81848343 140937376 X 99968519 85376337 90472325 80166261 190440844 165542598 272289187 306479974 X -1145808 -21749580 -2002858 X X 0 1 X 1 1 1 X 12950496 10407811 15189123 15942743 20219337 74709510 12950496 10407811 15189123 15942743 20219337 74709510 74709510 3126291 4914378 3682122 3882393 5297631 20902815 40064 1721 983 42768 95655093 707725849 0.78100 0.78430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 119650 X X 0 105105857 2403823 -12970131 3651576 90887973 80802489 1170629 26595860 3463121 105105857 79000432 5236284 -120315 3313912 80802489 76969392 1885641 3289934 3144535 79000432 71422251 3490979 4802715 2746553 76969392 0.23100 0.46100 0.30800 0 0 5602430 5602430 103870769 41265127 62605642 106709018 68964818 37744200 49524583 44906805 4617778 13895884 1161292 12734592 123304642 ACCOUNTS HELD FOR OTHERS 37049 ASSET RETIREMENT OBLIGATIONS 1691602 RIGHT OF USE LIABILITY 4137506 5866157 X 83861354 -21749580 -58591600 -80341180 164202534 347858 347858 164550392 106756742 0 106756742 347858 58591600 58939458 165696200 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. DONOR 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. THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2022 OR 2021. THE COLLEGE'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2019 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS -63,052,627. HEERF FUNDS STUDENT PORTION 4,464,842. CHANGE IN CLASSIFICATION -3,815. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS 63,052,627. HEERF FUNDS STUDENT PORTION -4,464,842. CHANGE IN CLASSIFICATION 3,815. 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, 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. EAST ASIA AND THE PACIFIC PROGRAM SERVICES EDUCATIONAL/RESEARCH 26605 EUROPE (INCLUDING ICELAND AND GREENLAND PROGRAM SERVICES EDUCATIONAL/RESEARCH 18350 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES EDUCATIONAL/RESEARCH 500 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 330356 0 0 0 0 0 0 375811 0 375811 1 0 0 0 0 1 PART I, LINE 2: SPRINGFIELD COLLEGE HAS AGREEMENTS WITH ORGANIZATIONS PROVIDING PROGRAM SERVICES TO ENSURE PROPER USE OF EDUCATIONAL AND RESEARCH GRANTS. 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. PART III ACCOUNTING METHOD: ATHLETICS GOLF TOURNAMENT 64990 36305 28685 5160 13011 6659 2872 64990 36305 28685 5160 13011 6659 2872 27702 983 1 FINANCIAL AID AND SCHOLARSHIP FUNDS 3597 63052627 N/A 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 0 0 0 0 0 0 0 0 0 MARY-BETH A COOPER PRESIDENT 514186 0 0 0 1584 0 86868 0 54886 0 657524 0 0 0 MARTHA A POTVIN VP FOR ACADEMIC AFFAIRS/PROVOST 219722 0 0 0 10098 0 16343 0 16876 0 263039 0 0 0 LINDA K MORGAN VP & GENERAL COUNSEL/SECRETARY 192269 0 0 0 774 0 14000 0 24140 0 231183 0 0 0 WILLIAM GUERRERO VP FOR FIN & ADMIN/TREASURER 194683 0 0 0 403 0 7477 0 15217 0 217780 0 0 0 PATRICK G LOVE ASSISTANT VP FINANCE & ADMINISTRATIO 192077 0 0 0 1218 0 13335 0 8590 0 215220 0 0 0 STUART D JONES VP FOR ENROLLMENT MANAGEMENT 187224 0 0 0 1617 0 13327 0 10674 0 212842 0 0 0 JOHN A WHITE ED FOR CORPORATE PARTNERSHIPS 117543 0 0 0 215 0 8913 0 85731 0 212402 0 0 0 MARY ANN COUGHLIN INTERIM VP FOR ACADEMIC AFFAIRS/PROV 176679 0 0 0 655 0 11407 0 8986 0 197727 0 0 0 WESLEY CHURCH DEAN OF SCHOOL OF SOCIAL WORK, BEHAV 152651 0 0 0 304 0 11435 0 26487 0 190877 0 0 0 JULIE TYSON CONSIDINE SR. ASSOCIATE VP & DIRECTOR OF DEVEL 149691 0 0 0 313 0 11323 0 28608 0 189935 0 0 0 KATHLEEN A MARTIN CHIEF OF STAFF 156152 0 0 0 207 0 11550 0 21154 0 189063 0 0 0 MARK SUAZO PROFESSOR 147310 0 0 0 568 0 11200 0 28830 0 187908 0 0 0 BROOKE HALLOWELL DEAN, SCHOOL OF HEALTH SCIENCES 161914 0 0 0 927 0 11077 0 12051 0 185969 0 0 0 MARY SUSAN GUYER DEAN, SCHOOL OF PHYS ED., PERF, SPOR 158594 0 0 0 568 0 11200 0 9334 0 179696 0 0 0 CALVIN R HILL VP FOR INCLUSION & COMMUNITY ENGAGEM 157331 0 0 0 298 0 11054 0 1949 0 170632 0 0 0 STEPHEN A ROULIER VP COMMUNICATIONS & EXTERNAL AFFAIRS 137560 0 0 0 480 0 9978 0 16573 0 164591 0 0 0 CRAIG F POISSON EXECUTIVE DIRECTOR ATHLETICS 142182 0 0 0 413 0 9073 0 11878 0 163546 0 0 0 ANTHONY MUTTI CHIEF INFORMATION OFFICER 151000 0 0 0 180 0 10500 0 368 0 162048 0 0 0 PART I, LINE 1A AS APPROVED BY THE BOARD OF TRUSTEES, HOUSING AND RELATED HOUSE CLEANING 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. A MDFA REVENUE BONDS 2021 043431814 57586YX53 2021-12-01 119999772 REFINANCE OF EXISTING BOND & FINANCE OF BUILDING AND OTHER CAPITAL PROJECTS 0 0 0 A 800833 120108754 2071719 6939169 62690444 48407422 1 1 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 0 SCHEDULE K, PART II, LINE 3 12/01/2021 119,999,772 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY - THE TOTAL PROCEEDS OF THE MASS DEVELOPMENT FINANCE AGENCY REVENUE BONDS 2021 CONSIST OF BOND PROCEEDS OF $119,999,772 AND INVESTMENT INCOME OF $108,982 ACCRUED DURING THE PROJECT PERIOD. SCHEDULE K, PART II, LINE 11 12/01/2021 119,999,772 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY - OTHER SPENT PROCEEDS WERE USED TO REFINANCE PRIOR BONDS. X 16 414182 FAIR MARKET VALUE X 1 450 FAIR MARKET VALUE X EQUIPMENT 2 1444 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE AMOUNTS SHOWN IN PART I, COLUMN B, REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 3 IN 2022 THE COLLEGE CONTRACTED WITH JLM CONSULTING, LLC TO PROVIDE OVERSIGHT OF THE FINANCE AND ADMINISTRATION DIVISION DURING THE ABSENCE OF A VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. COMPENSATION RENDERED FOR SERVICES WAS $84,000. FORM 990, PART VI, SECTION B, LINE 11B IRS FORM 990 IS PREPARED BY THE ASSOCIATE VICE PRESIDENT FOR FINANCE & ADMINISTRATION/CONTROLLER. 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 OFFICE OF THE TRUSTEES. 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, 2022. 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: LOSS OF DEFEASANCE OF DEBT -2,294,640. CHANGE IN ACCOUNTING STANDARD 291,782. FORM 990, PART 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