2024-04-25T10:33:53-05:00 2023-06-30 222027092 WITHUM SMITH BROWN PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2022-07-01 222612044 SPRINGFIELD TECHNICAL COMMUNITY COLLEGE FOUNDATION INC SPRI 4137554473 1 ARMORY SQUARE SPRINGFIELD MA 01105 DR KAREN L WALKER EXECUTIVE DIRECTOR 4137554473 2024-04-23 1 DR KAREN L WALKER 999009999 0 MICHAEL J COSGROVE P02127030 6174711120 2024-04-22 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JENNIFER BROWN 1 ARMORY SQUARE SPRINGFIELD MA 01105 997744 0 X HTTPS://WWW.STCC.EDU/GIVE/FOUNDATION X 1981 MA SEE SCHEDULE O. 28 27 0 27 0 0 235034 276812 0 0 -243240 332325 16632 70486 8426 679623 330801 158858 0 0 0 0 0 0 99766 175873 196903 506674 355761 -498248 323862 5552891 6033514 5115 0 5547776 6033514 SEE SCHEDULE O. 0 0 158858 158858 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 DEVELOPMENT NEEDS. 158858 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X DR KAREN L WALKER EXECUTIVE DIRECTOR 4137554473 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 6.00 37.50 X X 0 238497 61001 QUNNELL ARNOLD DIRECTOR 1.00 X 0 0 0 TONIA BUTLER PEREZ DIRECTOR 1.00 X 0 0 0 EUGENE J CASSIDY DIRECTOR 1.00 X 0 0 0 CARLOS COLONDRES DIRECTOR 1.00 X 0 0 0 JOELLE CONNOR 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 ELLEN W FREYMAN DIRECTOR 1.00 X 0 0 0 DAMION HARPER DIRECTOR 1.00 X 0 0 0 DR KEVIN T HINCHEY DIRECTOR 1.00 X 0 0 0 CHRISTOPHER JOHNSON DIRECTOR 1.00 X 0 0 0 CAROLYN MCCLENDON DIRECTOR 1.00 X 0 0 0 DONALD MITCHELL DIRECTOR 1.00 X 0 0 0 D SCOTT PASQUALE DIRECTOR 1.00 X 0 0 0 JOANNE OLLSON DIRECTOR 1.00 X 0 0 0 FRANKLIN D QUIGLEY JR DIRECTOR 1.00 X 0 0 0 DAVID A PARKE 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 FELICIA SEYMOUR DIRECTOR 1.00 X 0 0 0 SARA N SMITH DIRECTOR 1.00 X 0 0 0 BRIAN P TUOHEY 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 238497 61001 0 0 1 0 0 276812 39389 276812 230450 230450 31362 15364 15998 15998 9525 6473 373387 271512 101875 101875 101875 85733 31245 54488 54488 679623 9525 0 393286 X 158858 158858 18845 18845 22927 22927 99766 99766 11189 11189 PERSONNEL COSTS 19200 19200 SOFTWARE AND IT LICENSE 15981 15981 MISCELLANEOUS 8995 8995 355761 158858 97137 99766 200 200 47045 42526 3417 62500 5086 16529 497951 497951 497951 3950861 4365511 1048331 1048297 5552891 6033514 5115 0 5115 0 X 291857 233914 5255919 5799600 5547776 6033514 5552891 6033514 323862 101876 60000 0 X X 0 1 X 1 0 X 251349 285851 403245 235034 276812 1452291 68216 96435 134182 230088 219769 748690 319565 382286 537427 465122 496581 2200981 2200981 179835 62585 101503 23830 261812 629565 2830546 0.77760 0.81670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1379439 20894 -410480 20900 968953 1495217 2012 -97590 20200 1379439 1219037 3721 292760 20301 1495217 1168987 34624 37026 21600 1219037 1148524 100 34351 12905 1083 1168987 0.43362 0.02181 0.54457 0 0 497951 497951 497951 CASH SURRENDER VALUE OF LIFE INSURANCE 24275 BENEFICIAL INTEREST IN CHARITABLE TRUST 541226 INVESTMENT IN FRIENDS OF STCC FOUNDATION, INC 482796 1048297 X 1024950 101876 219769 46609 368254 656696 22927 22927 679623 599212 219769 46609 266378 332834 22927 22927 355761 PART V, LINE 4: EARNINGS FROM ENDOWMENT FUNDS ARE INTENDED FOR THE SUPPORT OF SPRINGFIELD TECHNICAL COMMUNITY COLLEGE. 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 15,364. FUNDRAISING EXPENSES 31,245. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 15,364. FUNDRAISING EXPENSES 31,245. X X X X X X X 1 WASHBURN & MCGOLDRICK CONSULTANTS 24 N BRYN MAWR AVE BRYN MAWR PA 19010 GENERAL CONSULTING 0 0 29500 29500 INSTITUTE FOR PHILANTHROPIC EXCELLENCE 1764 ROUTE 9 CLIFTON PARK NY 12065 GENERAL CONSULTING 0 0 44500 44500 74000 74000 RESILIENCE AWARDS 85733 85733 31245 85733 85733 31245 31245 54488 0 SPRINGFIELD TECHNICAL COMMUNITY COLLEGE ONE ARMORY SQUARE SPRINGFIELD MA 01105 042444774 115 158858 0 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 238497 0 0 0 0 0 22759 0 38242 0 299498 0 0 X 1 39389 FMV 0 0 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: HELP COLLEGE MEET ITS 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 OFFICERS COLLECT AND MONITOR SIGNED FORMS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE APPROVED AND PAID BY SPRINGFIELD 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 IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 99,766. TOTAL EXPENSES 99,766. 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 01105 042444774 HIGHER EDUCATION MA 115 0 FRIENDS OF STCC FOUNDATION INC ONE ARMORY SQUARE SPRINGFIELD MA 01105 824794780 SUPPORT STCC 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 158858 CASH PAID SPRINGFIELD TECHNICAL COMMUNITY COLLEGE O 219769 FMV