Springfield College
- Assets
- $248.4m
- Revenue
- $159.6m
- Investments
- $5.4m
- Employees
- 2,509
- Location
- Springfield, MA
- Founding
- 12/1954
- Data as of
- 06/2020
- 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 06/2021, Springfield College employed 2,509 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 06/2020, Springfield College generated $159.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $162.7m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary-Beth A Cooper President | OfficerTrustee | 40 | $536,023 |
John L Mailhot VP For Finance & Admin/tre | Officer | 40 | $244,974 |
Martha A Potvin VP For Academic Affairs/pr | Officer | 40 | $237,387 |
Patrick G Love Interim VP For Student Aff | Officer | 40 | $211,135 |
Linda K Morgan VP And General Counsel/sec | Officer | 40 | $205,405 |
Stuart D Jones VP For Enrollment Manageme | Officer | 40 | $193,170 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carnegie Dartlet Llc Marketing | 6/29/21 | $528,654 |
Aramark Corporation Dining Services | 6/29/21 | $2,192,254 |
Adp Inc Payroll Services | 6/29/21 | $479,217 |
Harvest Table Dining Services | 6/29/21 | $3,345,313 |
Slam Collaborative Inc Architect | 6/29/21 | $607,231 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,189,123 |
| Investment income | $3,418,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $219,393 |
| Net Gain/Loss on Asset Sales | $926,392 |
| Net Income from Fundraising Events | -$128,831 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $159,597,818 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $57,656,713 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,264,134 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,118,807 |
| Pension plan accruals and contributions | $3,081,186 |
| Other employee benefits | $8,424,126 |
| Payroll taxes | $3,688,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,068 |
| Fees for services: Accounting | $102,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $214,710 |
| Fees for services: Other | $1,628,035 |
| Advertising and promotion | $788,187 |
| Office expenses | $8,330,979 |
| Information technology | $2,168,762 |
| Royalties | $0 |
| Occupancy | $5,593,284 |
| Travel | $1,069,031 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,087,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,343,514 |
| Insurance | $983,519 |
| All other expenses | $0 |
| Total functional expenses | $162,674,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,527,593 |
| Savings and temporary cash investments | $276,181 |
| Pledges and grants receivable | $1,946,819 |
| Accounts receivable, net | $3,364,225 |
| Loans from Officers, Directors, or Controlling Persons | $1,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,216,136 |
| Inventories for sale or use | $374,844 |
| Prepaid expenses and deferred charges | $3,517,750 |
| Investments—publicly traded securities | $105,263,616 |
| Investments—other securities | $5,402,546 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $248,405,282 |
| Accounts payable and accrued expenses | $9,841,325 |
| Grants payable | $3,255,003 |
| Deferred revenue | $4,568,037 |
| Tax-exempt bond liabilities | $63,200,745 |
| 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 | $4,745,551 |
| Total liabilities | $85,610,661 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $162,794,621 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Springfield College has recieved totaling $14,887.
| Awarding Organization | Amount |
|---|---|
Trust Wa Lucy Gillett Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $13,237 |
Alexander R And Ann M Manderson Scholarship Fund Dallas, TX PURPOSE: SCHOLARSHIP | $1,650 |
Endowment Analysis
| Beg. Balance | $80,802,489 |
| Earnings | $26,595,860 |
| Net Contributions | $1,170,629 |
| Grants | $3,463,121 |
| Ending Balance | $105,105,857 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Quinnipiac University Hamden, CT | $1,807,258,104 | $531,949,834 |
Brandeis University Waltham, MA | $1,811,655,582 | $399,602,478 |
Johnson & Wales University Providence, RI | $913,541,997 | $403,272,641 |
Bar Ilan University In Israel New York, NY | $542,311,841 | $462,229,998 |