2022-02-22T14:16:25-06:00 2021-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2020-07-01 222612044 SPRINGFIELD TECHNICAL COMMUNITY COLLEGE FOUNDATION INC SPRI 4137817822 1 ARMORY SQUARE SPRINGFIELD MA 01105 DR SHAI BUTLER EXECUTIVE DIRECTOR 4137817822 2022-02-17 1 DR SHAI BUTLER 999009999 MICHAEL J COSGROVE P02127030 6174711120 2022-02-17 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JENNIFER BROWN 1 ARMORY SQUARE SPRINGFIELD MA 01105 1344081 0 X WWW.STCC.EDU/ABOUT-STCC/FOUNDATION/ X 1981 MA SEE SCHEDULE O. 29 28 0 28 0 0 285851 403245 0 0 59217 500776 23829 12197 368897 916218 660655 450977 0 0 0 0 0 0 72503 243069 196096 903724 647073 -534827 269145 5606305 6328264 5189 27368 5601116 6300896 SEE SCHEDULE O. 0 0 450977 450977 FUNDS OF THE FOUNDATION ARE USED TO PROVIDE STUDENT SUPPORT AND SCHOLARSHIPS, INSTRUCTIONAL INFRASTRUCTURE AND TECHNOLOGY, AND COLLEGE AND COMMUNITY PROGRAMS TO MEET THE REGION'S WORKFORCE AND ECONOMIC DEVELOPEMENT NEEDS. 450977 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X KELLY A GALANIS DIRECTOR OF OPERATIONS 4137554529 1 ARMORY SQUARE SPRINGFIELD MA 01105 JENNIFER BROWN PRESIDENT 5.00 X X 0 0 0 JACQUELINE JOHNSON VICE PRESIDENT 1.00 X X 0 0 0 PHIL B GONCALVES TREASURER 1.00 X X 0 0 0 DR JOHN B COOK SECRETARY/COLLEGE PRESIDENT 1.00 40.00 X X 0 217795 67617 DENISE M HURST FORMER EXECUTIVE DIRECTOR 5.00 X X 0 0 0 KELLY A GALANIS DIRECTOR OF OPERATIONS 10.00 X X 0 0 0 EUNICE GUIDRY ADMINISTRATIVE ASSISTANT 1.00 X 0 0 0 CARLOS COLONDRES DIRECTOR 1.00 X 0 0 0 JOELLE CONNOR DIRECTOR 1.00 X 0 0 0 EUGENE J CASSIDY DIRECTOR 1.00 X 0 0 0 JOSE CUELLAR DIRECTOR 1.00 X 0 0 0 ELLEN W FREYMAN DIRECTOR 1.00 X 0 0 0 DR KEVIN T HINCHEY DIRECTOR 1.00 X 0 0 0 PIA KUMAR DIRECTOR 1.00 X 0 0 0 JENNIFER DEFORGE DIRECTOR 1.00 X 0 0 0 SHAUN M DWYER DIRECTOR 1.00 X 0 0 0 CHRISTOPHER JOHNSON DIRECTOR 1.00 X 0 0 0 DAVID A PARKE DIRECTOR 1.00 X 0 0 0 JEFF POINDEXTER DIRECTOR 1.00 X 0 0 0 DONALD MITCHELL DIRECTOR 1.00 X 0 0 0 DOROTHY OSTROWSKI DIRECTOR 1.00 X 0 0 0 BRIAN P TUOHEY DIRECTOR 1.00 X 0 0 0 D SCOTT PASQUALE DIRECTOR 1.00 X 0 0 0 FRANKLIN D QUIGLEY JR DIRECTOR 1.00 X 0 0 0 ANTHONY RONDINELLI DIRECTOR 1.00 X 0 0 0 ELIZABETH RYAN DIRECTOR 1.00 X 0 0 0 MICHELLE SALAMONE DIRECTOR 1.00 X 0 0 0 KARA WOOLRIDGE DIRECTOR 1.00 X 0 0 0 MATTHEW ZICK DIRECTOR 1.00 X 0 0 0 0 217795 67617 0 0 1 0 0 403245 403245 70141 70141 31362 19165 12197 12197 12197 839333 408698 430635 430635 430635 916218 0 0 512973 450977 450977 17655 17655 35652 35652 63585 63585 15360 6442 8918 SOFTWARE AND IT LICENSE 24869 24869 PERSONNEL COSTS 23398 23398 MISCELLANEOUS 15577 15577 647073 450977 123593 72503 200 200 167095 59665 14700 56460 405 405 497951 497951 497951 3856469 4574151 1069485 1139432 5606305 6328264 2213 27368 2976 0 5189 27368 X 436200 392983 5164916 5907913 5601116 6300896 5606305 6328264 269145 430635 0 X X 0 1 X 1 0 X 279993 622457 251349 285851 403245 1842895 86354 107543 68216 96435 134182 492730 366347 730000 319565 382286 537427 2335625 2335625 165243 178611 179835 62585 101503 687777 3023402 0.77250 0.78140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1219037 3721 292760 20301 1495217 1168987 34624 37026 21600 1219037 1148524 100 34351 12905 1083 1168987 999925 113970 69836 35207 1148524 909671 20100 90854 20700 999925 0.02951 0.51712 0.45338 0 0 497951 497951 497951 CASH SURRENDER VALUE OF LIFE INSURANCE 22194 BENEFICIAL INTEREST IN CHARITABLE TRUST 634442 INVESTMENT IN FRIENDS OF STCC FOUNDATION, INC 482796 1139432 X 1464548 430635 134182 19165 583982 880566 35652 35652 916218 764768 134182 19165 153347 611421 35652 35652 647073 PART V, LINE 4: THE ENDOWMENT FUND'S APPROPRIATED INCOME IS TO BE USED FOR SCHOLARSHIPS AND COLLEGE DEPARMENT PROGRAMS. PART X, LINE 2: THE FOUNDATION HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE IT MEETS THE QUALIFICATIONS TO BE CLASSIFIED AS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES, THE FOUNDATION MAY, HOWEVER, BE SUBJECT TO TAX ON UNREALTED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSTION HAS A "MORE LIKELY THAN NOT" SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES THE STATUTE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 19,165. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 19,165. X X X X X 1 INSTITUTE FOR PHILANTHROPIC EXCELLENCE 1764 ROUTE 9 CLIFTON PARK NY 12605 MAJOR GIFTS CAMPAIGN CONSULTANT 0 0 38500 38500 38500 38500 0 SPRINGFIELD TECHNICAL COMMUNITY COLLEGE ONE ARMORY SQUARE SPRINGFIELD MA 01102 042444774 115 450977 TO PROVIDE ACADEMIC SUPPORT AND OTHER ACTIVITIES AT STCC. 1 0 0 0 0 0 0 0 0 0 DR JOHN B COOK SECRETARY/COLLEGE PRESIDENT 0 217795 0 0 0 0 0 0 0 67617 0 285412 0 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: COLLEGE MEETS ITS AND GOALS AND COMMITMENT TO PROVIDE SUPERIOR EDUCATION OPPORTUNITIES IN THE COMMUNITY. THE FOUNDATION ACCOMPLISHES ITS MISSION THROUGH FUNDRAISING, PROMOTING THE COLLEGE AS A COMMUNITY RESOURCE, AND BY SECURING AND MANAGING PRIVATE RESOURCES, PLANNED GIFTS AND DONATIONS TO SUPPORT SPECIAL PROJECTS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE GOVERNING BODY PRIOR TO FILING AND IS APPROVED BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C BOARD OFFICIERS COLLECT AND MONITOR SIGNED FORMS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE APPROVED AND PAID BY SPRINGIELD TECHNICAL COMMUNITY COLLEGE IN ACCORDANCE WITH GUIDELINES SET BY THE COMMONWEALTH OF MASSACHUSETTS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS APPROVES THE CPA FIRM TO PERFORM THE AUDIT AND REVIEWS THE AUDITED FINANCIAL STATEMENTS BEFORE THEY ARE FINALIZED. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SPRINGFIELD TECHNICAL COMMUNITY COLLEGE ONE ARMORY SQUARE SPRINGFIELD MA 01102 042444774 HIGHER EDUCATION MA 115 0 FRIENDS OF STOCC FOUNDATION INC ONE ARMORY SQUARE SPRINGFIELD MA 01102 824794780 SUPPORT STOCC FOUNDATION, INC. MA 501(C)(3) LINE 12A, I 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 SPRINGFIELD TECHNICAL COMMUNITY COLLEGE B 450977 CASH PAID SPRINGFIELD TECHNICAL COMMUNITY COLLEGE O 134182 FMV