Civic Intelligence

Springfield Technical Community College

EIN 22-2612044 • 501(c)3 • Springfield, MA

Profile

The springfield technical community college foundation (a 501(c)3 non-profit organization incorporated in 1981) exists to help springfield technical community college meet its goals and commitment to provide superior educational opportunities in the community.

1 Armory SquareSpringfield, MA 01105

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

12th percentile

0.00x

Higher debt load relative to revenue than 12% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

97th percentile

85%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$304,147

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 13.2% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

88th percentile

34%

Faster asset growth than 88% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

240%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$8,114,557

Up $2,081,043 (+34%) from 2023

Liabilities

Up

$4,322

Up $4,322 from 2023

Net Assets

Up

$8,110,235

Up $2,076,721 (+34%) from 2023

Operations
Liabilities / Revenue12th percentileNet Margin97th percentile

Revenue

Up

$2,309,630

Up $1,630,007 (+240%) from 2023

Expenses

Down

$347,009

Down $8,752 (-2.5%) from 2023

Net Income

Up

$1,962,621

Up $1,638,759 (+506%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth88th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2012: $5,440,813Liabilities 2012: $22,596Net Assets 2012: $5,418,2172012Assets 2013: $5,850,382Liabilities 2013: $2,528Net Assets 2013: $5,847,8542013Assets 2014: $6,622,856Liabilities 2014: $228,398Net Assets 2014: $6,394,4582014Assets 2015: $6,617,786Liabilities 2015: $258,591Net Assets 2015: $6,359,1952015Assets 2016: $6,902,148Liabilities 2016: $182,728Net Assets 2016: $6,719,4202016Assets 2017: $7,076,031Liabilities 2017: $149,278Net Assets 2017: $6,926,7532017Assets 2018: $7,178,848Liabilities 2018: $159,894Net Assets 2018: $7,018,9542018Assets 2019: $6,161,194Liabilities 2019: $53,245Net Assets 2019: $6,107,9492019Assets 2020: $5,606,305Liabilities 2020: $5,189Net Assets 2020: $5,601,1162020Assets 2021: $6,328,264Liabilities 2021: $27,368Net Assets 2021: $6,300,8962021Assets 2022: $5,552,891Liabilities 2022: $5,115Net Assets 2022: $5,547,7762022Assets 2023: $6,033,514Liabilities 2023: $0Net Assets 2023: $6,033,5142023Assets 2024: $8,114,557Liabilities 2024: $4,322Net Assets 2024: $8,110,2352024

Highlighted filing

2024

Assets$8,114,557
Liabilities$4,322
Net Assets$8,110,235
Open 2024 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $646,3942012Expenses 2013: $433,3942013Revenue 2014: $506,902Expenses 2014: $462,255Net Income 2014: $44,6472014Revenue 2015: $669,575Expenses 2015: $607,331Net Income 2015: $62,2442015Revenue 2016: $967,223Expenses 2016: $577,172Net Income 2016: $390,0512016Revenue 2017: $754,086Expenses 2017: $733,469Net Income 2017: $20,6172017Revenue 2018: $1,000,415Expenses 2018: $1,055,384Net Income 2018: -$54,9692018Revenue 2019: $441,145Expenses 2019: $1,365,384Net Income 2019: -$924,2392019Revenue 2020: $368,897Expenses 2020: $903,724Net Income 2020: -$534,8272020Revenue 2021: $916,218Expenses 2021: $647,073Net Income 2021: $269,1452021Revenue 2022: $8,426Expenses 2022: $506,674Net Income 2022: -$498,2482022Revenue 2023: $679,623Expenses 2023: $355,761Net Income 2023: $323,8622023Revenue 2024: $2,309,630Expenses 2024: $347,009Net Income 2024: $1,962,6212024

Highlighted filing

2024

Revenue$2,309,630
Expenses$347,009
Net Income$1,962,621
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$8,114,557
Liabilities
$4,322
Net assets
$8,110,235
Revenue
$2,309,630
Expenses
$347,009
Net income
$1,962,621
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.11$0.00$8.11$2.31$0.35$1.96
2023Summary only. Only limited summary data is available for this year.$6.03$0.00$6.03$0.68$0.36$0.32
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.55$0.01$5.55$0.01$0.51$0.50
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.33$0.03$6.30$0.92$0.65$0.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.61$0.01$5.60$0.37$0.90$0.53
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.16$0.05$6.11$0.44$1.37$0.92
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.18$0.16$7.02$1.00$1.06$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.08$0.15$6.93$0.75$0.73$0.02
2016Detailed filing. Detailed filing data is available for this year.$6.90$0.18$6.72$0.97$0.58$0.39
2015Detailed filing. Detailed filing data is available for this year.$6.62$0.26$6.36$0.67$0.61$0.06
2014Detailed filing. Detailed filing data is available for this year.$6.62$0.23$6.39$0.51$0.46$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.85$0.00$5.85$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.44$0.02$5.42$0.65
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 10, 2025
Return Version
2023v6.0
Gross Receipts
$3,333,044
Mission and Program Overview

Mission

The springfield technical community college foundation (a 501(c)3 non-profit organization incorporated in 1981) exists to help springfield technical community college meet its goals and commitment to provide superior educational opportunities in the community.

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,365,511$4,882,122▲ $516,611
Pledges and Grants Receivable$0$1,550,502▲ $1,550,502
Land, Buildings, and Equipment, Net$497,951$497,951→ $0
Cash and Non-Interest-Bearing Accounts$200$102,704▲ $102,504
Accounts Receivable$62,500$0▼ $62,500
Savings and Temporary Cash Investments$42,526$0▼ $42,526
Prepaid Expenses and Deferred Charges$16,529$21,918▲ $5,389
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$6,033,514$8,114,557▲ $2,081,043
Other Assets Total$1,048,297$1,059,360▲ $11,063
Liabilities
Accounts Payable and Accrued Expenses$0$4,322▲ $4,322
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$4,322▲ $4,322
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,799,600$7,929,271▲ $2,129,671
Net Assets Without Donor Restrictions$233,914$180,964▼ $52,950
Total Net Assets Fund Balance$6,033,514$8,110,235▲ $2,076,721
Total Liabilities and Net Assets / Fund Balance$6,033,514$8,114,557▲ $2,081,043

Asset Categories

AssetBook ValueDepreciationBasis
Land$497,951-$0
Other Assets Org$25,812--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$968,953$35,914▲ $70,835-$1,057,881
2022$1,379,439$20,894▼ $410,480-$968,953
2021$1,495,217$2,012▼ $97,590-$1,379,439
2020$1,219,037$3,721▲ $292,760-$1,495,217
2019$1,168,987$34,624▲ $37,026-$1,219,037
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleOtherTotal
Jennifer DeforgeDirector/assoc. Prof. at Stcc$138,602$138,602
Anthony RondinelliDirector/professor at Stcc$86,327$86,327

Board Members and Trustees

NameTitle
Jennifer BrownPresident
Dr John B CookSecretary/college President
Jacqueline JohnsonVice President
Brian P TuoheyDirector
Carlos ColondresDirector
Carolyn McclendonDirector
Christopher JohnsonDirector
Damion HarperDirector
Dr Kevin T HincheyDirector
Elizabeth RyanDirector
Ellen W FreymanDirector
Eugene J CassidyDirector
Joanne OllsonDirector
Lauren C OstbergDirector
Matthew ZickDirector
Michael ArillottaDirector
Qunnell ArnoldDirector
Sara N SmithDirector
Shaun M DwyerDirector
Thomas WolcottDirector
Tonia Butler PerezDirector
Dr Karen L WalkerExecutive Director Eff. 12/23
Phil B GoncalvesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,817,274
Program Service Revenue
$0
Investment Income
$459,911
Other Revenue
$32,445
All Other Contributions
$1,817,274
Change in Net Assets
$1,962,621

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art80$70,767Fair Market Value (FMV)
Other Non Cash Contri Table2$6,100Fair Market Value (FMV)
Total Noncash Contributions82$76,867-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,284,694
Revenue Not Reported on Financial Statements
$24,936
Revenue Not Reported on Form 990
$321,839
Total Revenue per Audited Statements
$2,606,533
Total Revenue per Form 990
$2,309,630
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$181,287
Other Expenses$165,722
Total Fundraising Expense$64,971
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$181,287--$181,287
Fees for Services Other-$69$42,750$42,819
Information Technology-$30,641-$30,641
Fees for Service Investment Mgmnt Fees-$24,936-$24,936
Fees for Services Accounting-$21,190-$21,190
Office Expenses-$9,387-$9,387
Advertising--$6,802$6,802
Conferences and Meetings-$2,493-$2,493
Other Expenses-$738$15,419$738
Travel-$122-$122
Total Functional Expenses$181,287$100,751$64,971$347,009

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$529,812
Total Expenses per Form 990$347,009
Expenses per Audited Statements$322,073
Expenses Not Reported on Form 990$207,739
Expenses Not Reported on Financial Statements$24,936
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Springfield Technical Community CollegeSpringfield, MA115Academic$104,420
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$31,505
Fundraising Direct Expenses$13,592
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
23 Career Fair$23,255$23,255$2,654$20,601
Total Events$31,505$31,505$13,592$17,913
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form990, Part VI, Sections, Line 11B

“Form 990 is provided to the governing body prior to filing.”

Form 990, Part VI, Sections, Line 12C

“Board officers collect and monitor signed conflict of interest forms annually.”

Form 990, Part VI, Sections, 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.”

Filing and Contact Details

Filer

Filer Name
Springfield Technical Community College
EIN
22-2612044
In Care Of
% TRACI WOLFE
Phone
4137554473
Address
1 Armory Square, Springfield, MA 01105

Signing Officer

Name
Jennifer Brown
Title
President
Phone
4137554473
Signed
2025-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Brown
Formed
1981
Legal Domicile
Ma
Voting Board Members
24
Independent Board Members
21
Employees
0
Volunteers
24

Preparer

Firm
Withumsmithbrownpc
Address
4600 EAST WEST HWY 900, BETHESDA, MD 20814-3423
Preparer
Richard L Ruvelson
Phone
3012726000
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1 - Organization'S 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 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.”

Form 990 Part IX Line 11G

“Description:consultant total fees:42750”

Form 990 Part IX Line 11G

“Description:professional development total fees:69”

Financial Statement Notes

Part XI, Line 2D

“Rental expenses 16,831 fundraising expenses 13,592 --------- total 30,423”

Part XII, Line 2D

“Rental expenses 16,831 fundraising expenses 13,592 --------- total 30,423”

Part V, LINE 4

“Earnings from endowment funds are intended for the support of springfield technical community college.”

Part X, Line 2

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and therefore has made no provision for federal income taxes in the accompanying consolidated financial statements. As a not-for-profit entity exempt from income taxes, the foundation may, however, be subject to tax on unrelated business income. Accounting principles generally accepted in the united states of america require an entity to assess the probability that a tax position 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.”

Raw XML AppendixShowing 400 of 818 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/USAddress/CityNm0SPRINGFIELD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
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IRS990/CompensationFromOtherSrcsInd0false
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IRS990/DepreciationDepletionGrp/TotalAmt00
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IRS990/DescribedInSection501c3Ind0true
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IRS990/ForeignActivitiesInd0false
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IRS990/Form990PartVIISectionAGrp/PersonNm2ANTHONY RONDINELLI
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IRS990/Form990PartVIISectionAGrp/PersonNm16JOANNE OLLSON
IRS990/Form990PartVIISectionAGrp/PersonNm17ELIZABETH RYAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY/COLLEGE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR/ASSOC. PROF. AT STCC
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR/PROFESSOR AT STCC
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXECUTIVE DIRECTOR EFF. 12/23
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