Springfield College
- Assets
- $303.6m
- Revenue
- $154.9m
- Investments
- $16.1m
- Employees
- 2,451
- Location
- Springfield, MA
- Founding
- 12/1954
- Data as of
- 06/2023
- EIN
- 04-2104329
Organization Overview
Springfield College is located in Springfield, MA. The organization was established in 1954. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, Springfield College employed 2,451 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springfield College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Springfield College generated $154.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $165.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - 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.
Describe the Organization's Program Activity:
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary-Beth A Cooper President | OfficerTrustee | 40 | $514,243 |
William A Burke III Chair | Trustee | 0.5 | $0 |
Anthony Poindexter Vice Chair | Trustee | 0.5 | $0 |
Peter J Pappas Secretary (from 7/1/22 - 6/22/2023),trustee | OfficerTrustee | 0.5 | $0 |
Gizzelle Abanador Student Trustee (spring 2023) | Trustee | 0.5 | $0 |
Denise Alleyne Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Consigli Construction Co Inc Construction | 6/29/23 | $16,172,343 |
Harvest Table Dining Service | 6/29/23 | $7,348,433 |
Ellucian Company Lp Software/consulting | 6/29/23 | $1,779,660 |
Mindpower Inc Marketing/consulting | 6/29/23 | $479,584 |
Slam Collaborative Inc Architect | 6/29/23 | $617,589 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $75 |
| Membership dues | $0 |
| Fundraising events | $28,375 |
| Related organizations | $0 |
| Government grants | $6,306,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,276,825 |
| Noncash contributions included in lines 1a–1f | $909,234 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,612,135 |
| Total Program Service Revenue | $141,890,828 |
| Investment income | $4,013,772 |
| Tax Exempt Bond Proceeds | $612,025 |
| Royalties | $0 |
| Net Rental Income | $262,156 |
| Net Gain/Loss on Asset Sales | -$3,488,204 |
| Net Income from Fundraising Events | $3,537 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $154,906,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $60,777,026 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,819,079 |
| Compensation of current officers, directors, key employees. | $320,670 |
| Compensation to disqualified persons | $281,681 |
| Other salaries and wages | $43,959,489 |
| Pension plan accruals and contributions | $3,010,270 |
| Other employee benefits | $6,461,887 |
| Payroll taxes | $3,192,587 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $189,975 |
| Fees for services: Accounting | $102,967 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $328,645 |
| Fees for services: Other | $3,639,800 |
| Advertising and promotion | $835,994 |
| Office expenses | $6,824,046 |
| Information technology | $2,495,844 |
| Royalties | $0 |
| Occupancy | $5,403,933 |
| Travel | $1,586,341 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,283,577 |
| Interest | $3,265,818 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,750,778 |
| Insurance | $1,290,217 |
| All other expenses | $199,269 |
| Total functional expenses | $165,147,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,009,092 |
| Savings and temporary cash investments | $2,773,102 |
| Pledges and grants receivable | $1,734,139 |
| Accounts receivable, net | $4,095,612 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $835,503 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,713,671 |
| Net Land, buildings, and equipment | $155,815,668 |
| Investments—publicly traded securities | $113,395,904 |
| Investments—other securities | $16,050,542 |
| Investments—program-related | $0 |
| Intangible assets | $1,130,408 |
| Other assets | $0 |
| Total assets | $303,553,641 |
| Accounts payable and accrued expenses | $13,230,229 |
| Grants payable | $1,867,671 |
| Deferred revenue | $5,343,290 |
| Tax-exempt bond liabilities | $115,401,144 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,294,444 |
| Total liabilities | $139,136,778 |
| Net assets without donor restrictions | $77,214,524 |
| Net assets with donor restrictions | $87,202,339 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $303,553,641 |