2024-04-25T14:07:45-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2022-07-01 046134696 FIVE COLLEGES INCORPORATED FIVE 4135424000 97 SPRING STREET AMHERST MA 01002 YVETTE MORNEAU TREASURER 4135424000 2024-04-24 1 YVETTE MORNEAU 999009999 0 LAURA J KENNEY P00202198 6177170831 2024-04-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z YVETTE MORNEAU 97 SPRING STREET AMHERST MA 01002 10026013 0 X WWW.FIVECOLLEGES.EDU X 1965 MA EDUCATIONAL CONSORTIUM TO SUSTAIN AND ENRICH THE EXCELLENCE OF ITS MEMBERS-AMHERST, HAMPSHIRE, MOUNT HOLYOKE, AND SMITH COLLEGES AND THE UNIVERSITY OF MASSACHUSETTS AMHERST-THROUGH ACADEMIC AND ADMINISTRATIVE COLLABORATION. THE CONSORTIUM FACILITATES INTELLECTUAL COMMUNITIES AND BROAD CURRICULAR AND CO-CURRICULAR OFFERINGS, AFFORDING LEARNING, RESEARCH, PERFORMANCE, AND SOCIAL OPPORTUNITIES THAT COMPLEMENT THE DISTINCTIVE QUALITIES OF EACH INSTITUTION. 5 5 111 25 102449 0 2184295 1624978 7706312 7849971 471085 551064 0 0 10361692 10026013 0 0 0 0 3312175 3386235 0 0 122230 6622353 6941718 9934528 10327953 427164 -301940 34378872 35196036 8582091 8534584 25796781 26661452 X TO PROMOTE THE BROAD EDUCATIONAL AND CULTURAL OBJECTIVES OF THE AFFILIATED INSTITUTIONS OF AMHERST, SMITH, HAMPSHIRE AND MOUNT HOLYOKE COLLEGES AND UNIVERSITY OF MASSACHUSETTS AMHERST BY ENCOURAGING COOPERATION, PROMOTING OPPORTUNITIES FOR JOINT EDUCATION AND ADMINISTRATION. 0 0 5123131 5511400 PROVIDES COOPERATIVE PROGRAMS SUCH AS STUDENT INTERCHANGE, LIBRARY DEPOSITORY AND OPEN BORROWING AGREEMENTS, JOINT CURRICULAR PROGRAMS, AND JOINT ADMINISTRATIVE PROGRAMS FOR THE FIVE MEMBER INSTITUTIONS (30,000 STUDENTS & FACULTY). 411581 132234 OPERATION OF FIBER OPTIC NETWORK TO CONNECT THE FIVE CAMPUSES WITH HIGH-SPEED BROADBAND INTERNET ACCESS (30,000 STUDENTS & FACULTY SERVED). 1918546 1412425 JOINT FACULTY APPOINTMENTS AND DEVELOPMENT (30,000 STUDENTS & FACULTY SERVED). 777912 793912 STUDENT SERVICES PROGRAMS: THE OPERATION OF A FARE-FREE BUS & VAN SYSTEM RUN BY PVTA (990 PART IX LINE 24 B) THAT CARRIES OVER 1,000,000 PASSENGERS ANNUALLY. THIS PRIMARILY BENEFITS STUDENTS AND FACULTY OF MEMBER INSTITUTIONS (1,000,000 RIDERS) 777912 793912 8231170 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 114 0 1 111 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X YVETTE MORNEAU 4135424000 97 SPRING STREET AMHERST MA 01002 EDWARD WINGEBACH PRESIDENT 2.00 X X 0 0 0 KUMBLE SUBBASWAMY VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL ELLIOT BOARD MEMBER 1.00 X 0 0 0 KATHLEEN MCCARTNEY BOARD MEMBER 1.00 X 0 0 0 BEVERLY DANIEL TATUM BOARD MEMBER 1.00 X 0 0 0 SARAH PFATTEICHER EXECUTIVE DIRECTOR/CLERK 40.00 X 274215 0 42414 YVETTE MORNEAU TREASURER 40.00 X 133040 0 14510 LASHONDA PETTIFORD ASSISTANT TREASURER 40.00 X 102251 0 13004 MARIA TOYOFUKU DIR. OF IT AND ENTERPRISE INITIATIVE 40.00 X 112040 0 13613 RAYMOND RENNARD DIRECTOR OF ACADEMIC PROGRAMS 40.00 X 108603 0 13460 RUTH RAULUK DIRECTOR OF RISK MANAGMENT 40.00 X 118719 0 27960 848868 0 124961 6 0 1 0 BORN-DIGITAL 84 RUSSELL STREET HADLEY MA 01035 CONTENT MANAGEMENT SYSTEM 169798 1 151223 1473755 1624978 ASSESSMENTS TO ASSOCIATED INSTITU 611310 7420728 7420728 OTHER REVENUE 611710 429243 326802 102441 7849971 551064 8 551056 10026013 7747530 102449 551056 613653 613653 2139509 1433230 603987 102292 172530 103319 58982 10229 255170 191082 63688 400 205373 105214 90850 9309 2030 2030 31359 500 30859 38573 38573 352152 279051 73101 3848 3848 486468 347839 138629 354338 293724 60614 372520 324877 47643 174512 164755 9757 85826 71421 14405 192375 192375 604534 600851 3683 121881 47413 74468 JOINT APPOINTMENTS AMD 2754869 2724802 30067 PVTA 777912 777912 PROGRAM EXPENSES 422798 422655 143 MEMBERSHIPS AND SUBSCRI 165723 144272 21451 10327953 8231170 1974553 122230 3378302 2979385 4876954 5051493 41334 41769 325049 343272 16691193 7369848 9886295 9321345 15868962 17458454 1976 318 34378872 35196036 1797063 2000572 824605 1037969 5960423 5496043 8582091 8534584 X 6735657 6635230 19061124 20026222 25796781 26661452 34378872 35196036 -301940 1166611 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15337280 131434 1412825 426545 16454994 17333683 868450 -2295132 569721 15337280 13441800 512047 4124118 744282 17333683 13223366 143059 328187 252812 13441800 12476290 424530 629926 307380 13223366 0.02000 0.33000 0.65000 1 0 946002 946002 10035969 2406136 7629833 329375 329375 0 5379847 4634337 745510 9321345 11154051 1166611 1166611 9987440 38573 38573 10026013 10289380 0 10289380 38573 38573 10327953 PART V, LINE 4: PERMANENT ENDOWMENTS SUPPORT JOINT FACULTY APPOINTMENTS AND OTHER ACADEMIC AND ADMINISTRATIVE PROGRAMS AT FIVE COLLEGES. THE TERM ENDOWMENT RELATES TO GRANTS RECEIVED FOR ACADEMIC AND ADMINISTRATIVE PROGRAMS, APPRECIATION AND EARNINGS ON PERMANENT ENDOWMENT AND OTHER PROGRAM SPECIFIC CONTRIBUTIONS. THE QUASI ENDOWMENT SUPPORTS THE GENERAL COORDINATION EFFORT OF THE CORPORATION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 STATEMENT ON EVERY PAGE OF CORPORATION'S WEBSITE: FIVE COLLEGES, INCORPORATED (FCI) IS COMMITTED TO PROVIDING EQUAL ACCESS AND OPPORTUNITY IN EMPLOYMENT AND EDUCATION TO ALL EMPLOYEES AND STUDENTS. IN COMPLIANCE WITH STATE AND FEDERAL LAW, FCI DOES NOT DISCRIMINATE ON THE BASIS OF RACE, ETHNICITY, COLOR, GENETIC INFORMATION, SEX, NATIONAL OR ETHNIC ORIGIN, RELIGION, AGE, PHYSICAL OR MENTAL DISABILITY, MARITAL STATUS, SEXUAL ORIENTATION, PREGNANCY, GENDER IDENTITY OR EXPRESSION, ANCESTRY, VETERAN OR MILITARY STATUS, OR ANY OTHER LEGALLY PROTECTED STATUS UNDER FEDERAL, STATE OR LOCAL LAW. X X 0 0 0 0 0 0 0 0 0 SARAH PFATTEICHER EXECUTIVE DIRECTOR/CLERK 274215 0 0 0 0 0 26932 0 15482 0 316629 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS ANNUALLY EVALUATES THE EXECUTIVE DIRECTOR'S PERFORMANCE AND DETERMINES AN APPROPRIATE COMPENSATION. THE PRIMARY SOURCE TO COMPARE DATA IS THE CHRONICLE OF HIGHER EDUCATION COMPENSATION INFORMATION FOR SENIOR ADMINISTRATORS AND THE SALARY SURVEY OF LEADING CONSORTIA. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2016-09-30 10080000 CONSTRUCT A LIBRARY REPOSITORY 0 0 0 A 4473718 10080000 8254919 2017 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B MEMBERS OF THE CORPORATION'S AUDIT COMMITTEE ARE PROVIDED A DRAFT COPY OF THE FORM 990 AS PREPARED BY STAFF AND REVIEWED BY TAX ADVISORS FROM THE CORPORATION'S AUDITING FIRM. THE COMMITTEE MEMBERS ARE PROVIDED THE OPPORTUNITY TO READ THE FORM AND INQUIRE ABOUT AND DISCUSS ANY ITEMS REPORTED THEREIN, ALL SUCH INQUIRIES ARE SATISFACTORILY RESOLVED BY THE COMMITTEE, AFTER WHICH TIME A FINAL COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS AND THEN THE FORM IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, OFFICERS AND DECISION-MAKING COMMITTEE MEMBERS ARE REQUIRED TO SIGN AN ANNUAL DISCLOSURE OF ANY CONFLICTS OF INTEREST WHICH ARE REVIEWED BY THE AUDIT COMMITTEE. IN THE EVENT THERE WAS A CONFLICT NOTED, THE BOARD WOULD BE NOTIFIED AND THE INDIVIDUAL WOULD REFRAIN FROM TAKING A POSITION OR VOTING ON A MATTER THAT WAS IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS ANNUALLY EVALUATES THE EXECUTIVE DIRECTOR'S PERFORMANCE, DETERMINES, AND DOCUMENTS AN APPROPRIATE COMPENSATION. THE BOARD ALSO REVIEWS AND APPROVES SALARIES FOR OTHER OFFICERS OF THE CORPORATION AS RECOMMENDED BY THE EXECUTIVE DIRECTOR. THE PRIMARY SOURCE TO COMPARE DATA IS THE CHRONICLE FOR HIGHER EDUCATION COMPENSATION INFORMATION FOR SENIOR ADMINISTRATORS. FOR ALL STAFF, THE EXECUTIVE DIRECTOR ANNUALLY REVIEWS PERFORMANCE, COST OF LIVING INFORMATION AND COMPENSATION SURVEYS SUCH AS EMPLOYERS ASSOCIATION OF THE NORTHEAST FOR COMPARABILITY AND BRINGS RECOMMENDATIONS TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 ALL INFORMATION IS AVAILABE UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE. FIVE COLLEGES NET LLC 97 SPRING STREET AMHERST MA 01002 562453216 FIBER OPTIC NETWORK MA 282234 1418105 FIVE COLLEGES INCORPORATED COLLEGIATE CATALYST FUND LLC 1154 ROUTE 30 TOWNSHEND VT 05353 043793835 SPONSORED CAPTIVE INSURANCE COMPANY VT 19240 147054 FIVE COLLEGES INCORPORATED