2020-04-03T11:17:31-05:00 2019-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2018-07-01 222612044 SPRINGFIELD TECHNICAL COMMUNITY COLLEGE FOUNDATION INC SPRI 4137817822 1 ARMORY SQUARE SPRINGFIELD MA 01102 DENISE HURST EXECUTIVE DIRECTOR 4137817822 2020-04-02 1 MICHAEL J COSGROVE P02127030 6174711120 2020-04-02 108.7.66.186 2020-04-02 13:43:47 ED P CB883341925D96730937DD058DF5ABA1FB8C4493 C763F64EFE63A30A84122B55299B2513F18B4F8D 2018 2020-09-23 17:36:50Z FRANKLIN D QUIGLEY JR 1 ARMORY SQUARE SPRINGFIELD MA 01102 3617745 0 X WWW.STCC.EDU/ABOUT-STCC/FOUNDATION/ X 1981 MA SEE SCHEDULE O. 23 22 0 10 0 0 622457 251349 0 0 327399 161397 50559 28399 1000415 441145 779862 1155442 0 0 0 0 48948 46074 61779 226574 163868 1055384 1365384 -54969 -924239 7178848 6161194 159894 53245 7018954 6107949 SEE SCHEDULE O. 0 0 1155442 1155442 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. 1155442 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 1 1 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 23 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X KELLY A GALANIS DIRECTOR OF OPERATIONS 4137554529 1 ARMORY SQUARE SPRINGFIELD MA 01105 FRANKLIN D QUIGLEY JR PRESIDENT 5.00 X X 0 0 0 SHAUN M DWYER 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 193800 67617 DENISE M HURST EXECUTIVE DIRECTOR 5.00 X X 0 0 0 KELLY A GALANIS DIRECTOR OF OPERATIONS 10.00 X X 0 0 0 MICHELLE M ABDOW DIRECTOR 1.00 X 0 0 0 JENNIFER BROWN DIRECTOR 1.00 X 0 0 0 EUGENE J CASSIDY DIRECTOR 1.00 X 0 0 0 SAMANTHA EDWARDS 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 BETH C MCGINNIS-CAVANAUGH DIRECTOR 1.00 X 0 0 0 PATRICIA O'LEARY DIRECTOR 1.00 X 0 0 0 MICHAEL J OLEKSAK DIRECTOR 1.00 X 0 0 0 DAVID A PARKE DIRECTOR 1.00 X 0 0 0 SCOTT PASQUALE DIRECTOR 1.00 X 0 0 0 JEFF POINDEXTER DIRECTOR 1.00 X 0 0 0 AMY ROBERTS DIRECTOR 1.00 X 0 0 0 TIM ROOKE DIRECTOR 1.00 X 0 0 0 BRIAN P TUOHEY DIRECTOR 1.00 X 0 0 0 ANIKA GASKINS DIRECTOR 1.00 X 0 0 0 0 193800 67617 0 0 1 0 0 251349 251349 148472 148472 31363 7424 23939 23939 23939 3141161 3128236 12925 12925 12925 45400 40940 4460 4460 441145 0 0 189796 1155442 1155442 3976 3976 8300 8300 46074 46074 21611 21611 15634 15634 1865 1865 2335 2335 PERSONNEL COSTS 53137 53137 SOFTWARE AND IT LICENSE 21656 21656 BAD DEBT 11350 11350 ALUMNI ASSOCIATION EXPE 130 130 23874 8169 15705 1365384 1155442 148163 61779 200 200 89431 101914 15850 290 7829 851 497951 497951 497951 5466450 4465348 1100847 1094930 7178848 6161194 51287 9554 74405 38691 34202 5000 159894 53245 X 720896 619641 5657524 4848757 640534 639551 7018954 6107949 7178848 6161194 X -924239 12925 309 X X 0 1 X 1 0 X 340453 769449 279993 622457 251349 2263701 77937 87108 86354 107543 68216 427158 418390 856557 366347 730000 319565 2690859 2690859 149122 156195 165243 178611 179835 829006 3519865 0.76450 0.77420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1148524 100 34351 12905 1083 1168987 999925 113970 69836 35207 1148524 909671 20100 90854 20700 999925 929159 1793 7626 28907 909671 927447 740 26224 25252 929159 0.02910 0.42380 0.54710 0 0 497951 497951 497951 CASH SURRENDER VALUE OF LIFE INSURANCE 19542 BENEFICIAL INTEREST IN CHARITABLE TRUST 592592 INVESTMENT IN FRIENDS OF STCC FOUNDATION, INC 482796 1094930 LONG TERM SPONSORSHIPS 5000 5000 X 549039 12925 68216 48364 129505 419534 21611 21611 441145 1460353 68216 48364 116580 1343773 21611 21611 1365384 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-EXCEMPT 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 7,424. DIRECT FUNDRAISING EXPENSES 40,940. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 7,424. DIRECT FUNDRAISING EXPENSES 40,940. X X X X X 1 INSTITUTE FOR PHILANTHROPIC EXCELLENCE 1764 ROUTE 9 CLIFTON PARK NY 12605 MAJOR GIFTS CAMPAIGN CONSULTANT 0 0 98214 98214 98214 98214 MGM COME ROAR 45400 45400 27166 13774 45400 45400 27166 13774 40940 4460 0 PARTNERS FOR A HEALTHIER COMMUNITY 127 STATE ST 4TH FLOOR SPRINGFIELD MA 01102 043342182 501(C)(3) 5000 FARMERTS MARKET CROP LEVEL SPONSORSHIP HOLYOKE COMMUNITY COLLEGE 95 STATE ST SPRINGFIELD MA 01103 042719849 115 24202 TO CREATE A SCHOLARSHIP FUND FOR MCCTI STUDENTS SPRINGFIELD TECHNICAL COMMUNITY COLLEGE ONE ARMORY SQUARE SPRINGFIELD MA 01102 042444774 115 1126240 TO PROVIDE ACADEMIC SUPPORT AND OTHER ACTIVITIES AT STCC. 3 0 0 0 0 0 0 0 0 0 DR JOHN B COOK SECRETARY/COLLEGE PRESIDENT 0 193800 0 0 0 0 0 0 0 67617 0 261417 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 XI, LINE 9: PRIOR YEAR ADJUSTMENT 309. 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 STCC FOUNDATION INC ONE ARMORY SQUARE SPRINGFIELD MA 01102 824794780 SUPPORT STCC FOUNDATION, INC. BY PROVIDING ACCESS TO PARKING MA 501(C)(3) LINE 12A, I 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 SPRINGFIELD TECHNICAL COMMUNITY COLLEGE B 1126240 CASH PAID