2017-04-24T14:46:57-07:00 2016-06-30 990 2015-07-01 042104329 SPRINGFIELD COLLEGE SPRI 4137483145 263 Alden Street Springfield MA 01109 John L Mailhot Sr. VP for Finance and Admin 4137483145 2017-05-11 2015 2021-01-29 14:40:06Z Mary-Beth Cooper 263 Alden Street Springfield MA 01109 192849750 0 X www.springfield.edu X 1890 MA See Schedule O 31 29 3335 300 -105977 -111855 12580882 11411881 145044361 147712096 2659567 2214599 30891 84270 160315701 161422846 45774731 47530503 0 0 65468492 65247521 0 0 4524464 44674235 45283563 155917458 158061587 4398243 3361259 252501332 259039670 86132496 100271568 166368836 158768102 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 139072388 47530503 147706244 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 139072388 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 1 0 1 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 6826 0 1 3335 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 John L Mailhot 4137483145 263 Alden Street Springfield MA 01109 X Gregory C Toczydlowski Chair 0.5 0 X 0 0 0 James H Ross III Vice Chair 0.5 0 X 0 0 0 Denise Alleyne Trustee 0.5 0 X 0 0 0 Edward Baumhauer Trustee 0.5 0 X 0 0 0 Bridget Belgiovine Trustee 0.5 0 X 0 0 0 William A Burke III Trustee 0.5 0 X 0 0 0 Douglass L Coupe Trustee 0.5 0 X 0 0 0 John L Doleva Trustee 0.5 0 X 0 0 0 Charisse F Duroure Trustee 0.5 0 X 0 0 0 Lisa B Emirzian Trustee 0.5 0 X 0 0 0 Sally M Griggs Trustee 0.5 0 X 0 0 0 Jeni Ellis Halliday Trustee 0.5 0 X 0 0 0 MaryLynn Jacobs Trustee 0.5 0 X 0 0 0 Jeffrey M Levy Trustee 0.5 0 X 0 0 0 Susan E Lundin Trustee 0.5 0 X 0 0 0 Thomas Marks Trustee 0.5 0 X 0 0 0 Stephen W McCarthy Trustee 0.5 0 X 0 0 0 Michele Megas-Ditomassi Trustee 0.5 0 X 0 0 0 Linda C Moffat Trustee 0.5 0 X 0 0 0 James O'S Morton Trustee 0.5 0 X 0 0 0 John A Odierna Trustee 0.5 0 X 0 0 0 Howard A Pulsifer Trustee 0.5 0 X 0 0 0 Jonathan P Reidy Student Trustee 0.5 0 X 1918 0 0 Harold C Smith Trustee 0.5 0 X 0 0 0 H Todd Stitzer Trustee 0.5 0 X 0 0 0 Robert M Sullivan Jr Trustee 0.5 0 X 0 0 0 J Michael Wallace Trustee 0.5 0 X 0 0 0 James E Walsh Trustee 0.5 0 X 0 0 0 Kevin Washington Trustee 0.5 0 X 0 0 0 Lauren Grimes Youmans Trustee 0.5 0 X 0 0 0 Mary-Beth Cooper President 40 0 X X 425453 0 80063 John L Mailhot Sr VP for Finance & Admin/Treasurer 40 0 X 219365 0 55693 Christopher M Neronha VP and General Counsel/Secretary 40 0 X 168327 0 7158 Shannon Finning Vice President for Student Affairs 40 0 X 69960 0 16666 Calvin Hill VP for Inclusion and Community Engagement 40 0 X 69542 0 0 Theresa Vecchio Interim Vice President for Student Affairs 40 0 X 108356 0 15752 John White VP of Development & Alumni Relations 40 0 X 191375 0 34543 Jean Wyld Vice President for Academic Affairs/Provost 40 0 X 220682 0 35363 Danny Davis Chief Information Officer 40 0 X 168898 0 13398 Anne Herzog Dean of School of Arts/Sciences/Prof Studies 40 0 X 148665 0 34317 David Miller Dean of Health Sciences & Rehab Studies 40 0 X 153319 0 28501 Albert Petitpas Professor 40 0 X 156694 0 28444 Francine Vecchiolla Dean of School of Social Work 40 0 X 149786 0 17718 2252340 0 367616 72 0 1 0 Aramark Corporation 263 Alden Street Springfield MA 01109 Food service 7942469 Erland Construction Inc 71 3rd Avenue Burlington MA 01803 Construction projects 746146 King Ward Coach Lines 70 Justice Drive Chicopee MA 01022 Transportation 352326 Charlie Arment Trucking 47 Warehouse Street Springfield MA 01118 Construction projects 275425 Buyer Advertising Inc 189 Wells Avenue Newton MA 02459 Advertising 272900 16 0 0 53700 0 7997863 3360318 270265 11411881 Student tuition and fees 611310 120487738 120487738 0 0 Sales/service auxiliary 611310 23083846 23077994 5852 0 Other program income 611310 3028946 3028946 0 0 Sales/service educational 611310 1111566 1111566 0 0 0 0 0 0 147712096 2277118 0 -111829 2388947 0 0 0 0 0 0 0 0 114366 0 22273 0 92093 0 92093 0 0 92093 31300509 0 31363028 0 -62519 0 -62519 0 0 -62519 33780 53700 41603 -7823 0 -7823 0 161422846 147706244 -105977 2410698 0 0 47076668 47076668 453835 453835 0 0 1759266 1530561 175927 52778 0 0 0 0 48801776 42521195 4704899 1575682 3269669 2849031 314799 105839 7666956 6613355 811192 242409 3749854 3267264 361517 121073 0 0 0 0 92516 0 92516 0 110933 0 110933 0 0 0 0 0 0 0 268498 268498 0 0 1451905 784917 585489 81499 1053249 278914 774335 0 10098048 8088807 1222340 786901 2042639 1672199 323330 47110 0 0 0 0 6875310 5433810 1256692 184808 1413337 1152379 165425 95533 0 0 0 0 0 0 0 0 2800641 1960449 560128 280064 0 0 0 0 7776628 5459231 1537507 779890 1238584 0 1238584 0 Auxiliary enterprises 7285043 7141712 95554 47777 Athletics 1494470 1494470 0 0 Bad debts 675204 675014 0 190 Miscellaneous expenses 606558 350079 133568 122911 158061587 139072388 14464735 4524464 35612639 27004982 0 0 320326 495597 6648112 5298903 0 0 0 0 4480814 4092233 499939 446592 3647759 4475321 233217782 116445462 119809101 116772320 73464231 93002767 8018411 7450955 0 0 0 0 0 0 252501332 259039670 11190906 10303163 4038650 4038650 9917264 9371583 57658897 73844636 0 0 0 0 0 0 0 0 3326779 2713536 86132496 100271568 X 104010401 99364000 29044392 25414293 33314043 33989809 166368836 158768102 252501332 259039670 X 3361259 -3328312 0 0 0 -7633681 X 0 1 X 1 1 1 X 6568282 6266270 4196863 5010861 3406195 25448471 0 0 0 0 0 0 0 0 0 0 6568282 6266270 4196863 5010861 3406195 25448471 1202381 24246090 1240603 1484266 1836194 1943010 2369211 8873284 5452 9131 0 0 0 14583 0 0 0 0 0 0 34336338 0.70613 0.72695 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 119650 0 0 X X 0 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 46279218 696590 223287 111826 0 0 47087269 0.125 0.556 0.319 0 0 0 5556744 5556744 0 104812190 30472822 74339368 0 71847319 43988703 27858616 0 42338237 36186031 6152206 0 8663292 5797906 2865386 116772320 0 Accounts held for others 293952 Asset retirement obligations 1946049 Capital lease obligations 473535 2713536 113387997 0 0 0 0 0 113387997 268498 47766351 48034849 161422846 110284859 0 0 0 0 0 110284859 268498 47508230 47776728 158061587 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 4b Financial aid to students: $47,530,503; Realized losses: -$62,519; Change in fair value of swap: $320,640; Rental expenses: -$22,273; Total: $47,766,351 Schedule D, Part XII, Line 4b Financial aid to students: $47,530,503; Rental expenses: -$22,273; Total: $47,508,230 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. 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 Europe (including Iceland and Greenland) 0 0 Grantmaking Scholarships 120700 East Asia and the Pacific 0 0 Grantmaking Scholarships 243705 South Asia 0 0 Grantmaking Scholarships 14280 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking Scholarships 17280 South America 0 0 Grantmaking Scholarships 30720 Sub-Saharan Africa 0 0 Grantmaking Scholarships 16660 Middle East and North Africa 0 0 Grantmaking Scholarships 10490 Europe (including Iceland and Greenland) 0 0 Program Services Educational/Research 31879 East Asia and the Pacific 0 0 Program Services Educational/Research 31192 Central America and the Caribbean 0 0 Program Services Educational/Research 7300 Central America and the Caribbean 0 0 Investments 3442825 0 0 3967031 Scholarships/Assistance for tuition East Asia and the Pacific 16 243705 Check 0 Scholarships/Assistance for tuition Europe (including Iceland and Greenland) 7 120700 Check 0 Scholarships/Assistance for tuition Middle East and North Africa 1 10490 Check 0 Scholarships/Assistance for tuition North America (including Canada and Mexico, but not the United States) 1 17280 Check 0 Scholarships/Assistance for tuition South America 2 30720 Check 0 Scholarships/Assistance for tuition South Asia 1 14280 Check 0 Scholarships/Assistance for tuition Sub-Saharan Africa 2 16660 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. Athletics Golf Tournament 75430 41650 33780 200 4280 16001 10364 0 9453 Lacrosse Tournament 6440 6440 0 0 0 0 0 0 1130 1 5610 5610 0 0 0 0 0 0 175 87480 53700 33780 200 4280 16001 10364 0 10758 41603 -7823 1 Scholarships/tuition assistance 5069 47076668 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 1 1 X X X X X 0 0 0 0 0 0 0 1 0 Mary-Beth Cooper President 370531 0 52500 0 2422 0 23850 0 63428 0 512731 0 0 0 John L Mailhot Sr VP for Finance & Admin/Treasurer 196193 0 0 0 23172 0 22218 0 34292 0 275875 0 0 0 Christopher M Neronha VP and General Counsel/Secretary 168108 0 0 0 219 0 7158 0 797 0 176282 0 0 0 John White VP of Development & Alumni Relations 156906 0 0 0 34469 0 13811 0 21389 0 226575 0 0 0 Jean Wyld Vice President for Academic Affairs/Provost 195152 0 0 0 25530 0 22793 0 13258 0 256733 0 0 0 Danny Davis Chief Information Officer 149350 0 0 0 19548 0 13398 0 621 0 182917 0 0 0 Anne Herzog Dean of School of Arts/Sciences/Prof Studies 130064 0 0 0 18601 0 12548 0 22454 0 183667 0 0 0 David Miller Dean of Health Sciences & Rehab Studies 134206 0 0 0 19113 0 12700 0 16480 0 182499 0 0 0 Albert Petitpas Professor 141284 0 0 0 15410 0 13349 0 15639 0 185682 0 0 0 Francine Vecchiolla Dean of School of Social Work 131306 0 0 0 18480 0 11864 0 6501 0 168151 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 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 The President, as approved by the Board of Trustees, was provided a discretionary bonus in calendar year 2015 for her service as President. Schedule J, Part II Column B(iii) - Due to a college-wide benefits policy change effective July 1, 2015, individuals with reportable compensation may have a one-time vacation accrual payout included in other reportable compensation. 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 1204234 0 10315000 0 0 0 178170 0 0 0 10136830 0 2012 0 1 1 1 B 0 0 63125000 14888232 0 0 738512 0 0 0 47516213 0 2010 0 1 0 1 A 0 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 1 1 UniBank 15 0 0 0 0 0 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 I-06/23/2016 63,125,000 MDFA Revenue Bonds 2016 In 2016, the College issued $63,125,000 of Revenue Bonds with the Massachusetts Development Finance Agency, which included Series A and Series B Bonds of $48,125,000 and $15,000,000, respectively. The proceeds from the Series A issuance were used to advance refund the existing MDFA 2010 Bond issue, with a 15-year fixed interest rate. The proceeds from the Series B issuance will be used to finance the Babson Learning Commons project, with a 15-year variable rate, fixed through a swap. Schedule K, Part II, Line 9-11/08/2012 10,315,000 MDFA Revenue Bonds 2012 & 06/23/2016 63,125,000 MDFA Revenue Bonds 2016: Part II, Line 1 & Part IV, Line 7 - The College has a written policy to ensure that all nonqualified bonds are remediated in accordance with requirements under Regulations sections 1.141-12 and 1.145.2, and to monitor the requirements of section 148, which was effective July 1, 2016. X 26 250265 Fair value X 1 20000 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 Senior 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, 2016. 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: -$320,640; Loss on defeasance of debt: -$7,313,041; Total -$7,633,681. Hickory Street Development LLC 263 Alden Street Springfield MA 01109 261851011 Real Estate holding company MA 0 0 Springfield College