| FORM 990, PART VI, SECTION B, LINE 11B |
IRS FORM 990 IS PREPARED BY THE CONTROLLER AND 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 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 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, 2018. |
| 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 404,766. |
| FORM 990 XII LINE 2C: |
THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. |
Attach to Form 990 or 990-EZ.