2026-04-30T09:59:36-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2024-07-01 046134696 FIVE COLLEGES INCORPORATED FIVE 4135424000 97 SPRING STREET AMHERST MA 01002 YVETTE MORNEAU TREASURER 4135424000 2026-04-29 1 1 LAURA J KENNEY P00202198 6177170831 2026-04-29 2024 2025-03-06 01:10:19Z YVETTE MORNEAU 97 SPRING STREET AMHERST MA 01002 10185646 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 20 104141 0 1137250 762313 8138994 8708722 648720 714611 0 0 9924964 10185646 0 0 0 0 3577652 3899853 0 0 159682 7844905 7598884 11422557 11498737 -1497593 -1313091 35194039 35078948 8098376 7272350 27095663 27806598 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 5851634 5942368 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). 335902 114676 OPERATION OF FIBER OPTIC NETWORK TO CONNECT THE FIVE CAMPUSES WITH HIGH-SPEED BROADBAND INTERNET ACCESS (30,000 STUDENTS & FACULTY SERVED). 2325164 1905333 JOINT FACULTY APPOINTMENTS AND DEVELOPMENT (30,000 STUDENTS & FACULTY SERVED). 740345 746345 STUDENT SERVICES PROGRAMS: THE OPERATION OF A FARE-FREE BUS & VAN SYSTEM RUN BY PVTA (990 PART IX LINE 24B) THAT CARRIES OVER 1,000,000 PASSENGERS ANNUALLY. THIS PRIMARILY BENEFITS STUDENTS AND FACULTY OF MEMBER INSTITUTIONS (1,000,000 RIDERS) 740345 746345 9253045 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 1 190 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 MICHAEL ELLIOT PRESIDENT 2.00 X X 0 0 0 DANIELLE REN HOLLEY VICE PRESIDENT 2.00 X X 0 0 0 SARAH WILLIE-LEBRETON BOARD MEMBER 1.00 X 0 0 0 JAVIER REYES BOARD MEMBER 1.00 X 0 0 0 EDWARD WINGEBACH BOARD MEMBER 1.00 X 0 0 0 SARAH PFATTEICHER EXECUTIVE DIRECTOR/CLERK 40.00 X 324607 0 49590 YVETTE MORNEAU TREASURER 40.00 X 154294 0 28787 LASHONDA PETTIFORD ASSISTANT TREASURER 40.00 X 120732 0 20413 RUTH RAULUK DIRECTOR OF RISK MANAGMENT 40.00 X 136009 0 27866 RAYMOND RENNARD DIRECTOR OF ACADEMIC PROGRAMS 40.00 X 126525 0 16905 THOMAS BRENNAN DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 123197 0 33801 INA CLARK DIR. OF DEV. & SPONSORED PROGRAMS 40.00 X 108544 0 21246 ANNE PRESCOTT DIRECTOR, FCC FOR EAST ASIAN STUDIES 40.00 X 105979 0 20115 1199887 0 218723 8 0 1 0 THEORY ONE DESIGN LLC 1981 MEMORIAL DR SUITE 147 CHICOPEE MA 01020 WEBSITE DESIGN & DEVELOPMENT 115040 1 268662 493651 762313 ASSESSMENTS TO ASSOCIATED INSTITU 611310 8261349 8261349 OTHER REVENUE 611710 447373 343232 104141 8708722 714611 714611 10185646 8604581 104141 714611 680499 680499 2432045 1588352 722090 121603 216123 131956 72007 12160 340098 210300 120070 9728 231088 123412 93084 14592 12976 12886 90 30777 536 30241 49128 49128 436325 424339 11986 27739 23814 3925 488206 427606 60600 638627 555011 83616 397141 361983 35158 341313 322097 19216 116259 94751 21508 185325 185325 583032 576493 6539 83440 26233 57207 JOINT APPTS & STIPENDS 3031677 3031677 PVTA 740345 740345 PROGRAM EXPENSES 394277 394277 MEMBERSHIPS & SUBSCRIPT 24416 13163 9654 1599 17881 8489 9392 11498737 9253045 2086010 159682 2566929 1839618 3388638 3026300 42605 43483 406629 139212 16687194 8539038 8720165 8148156 20068776 21882179 297 35194039 35078948 2156075 2011000 926469 716948 5015832 4544402 8098376 7272350 X 6608668 6656679 20486995 21149919 27095663 27806598 35194039 35078948 -1313091 2024026 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18547853 2517 2285344 858436 19977278 16454994 393741 2159201 460083 18547853 15337280 131434 1412825 426545 16454994 17333683 868450 -2295132 569721 15337280 13441800 512047 4124118 744282 17333683 0.02000 0.35000 0.63000 1 0 946002 946002 10035969 3213648 6822321 329375 329375 0 5375848 4996015 379833 8148156 12160544 2024026 2024026 10136518 49128 49128 10185646 11449609 0 11449609 49128 49128 11498737 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 324607 0 0 0 0 0 32448 0 17142 0 374197 0 0 0 YVETTE MORNEAU TREASURER 154294 0 0 0 0 0 15432 0 13355 0 183081 0 0 0 RUTH RAULUK DIRECTOR OF RISK MANAGMENT 136009 0 0 0 0 0 13385 0 14481 0 163875 0 0 0 THOMAS BRENNAN DIRECTOR OF INFORMATION TECHNOLOGY 123197 0 0 0 0 0 12971 0 20830 0 156998 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 5447408 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 A, LINE 1A THE BOARD OF DIRECTORS MAY FROM TIME TO TIME APPOINT SUCH COMMITTEES AS THE BOARD MAY DEEM DESIRABLE TO REPORT TO THE BOARD AND TO ADVISE AND ASSIST IT IN THE CONDUCT OF THE AFFAIRS OF THE CORPORATION. SUCH OTHER COMMITTEES MAY BE CONTINUING OR TEMPORARY, SHALL ACT UNDER THE SUPERVISION OF THE BOARD AND SHALL ACT WITH RESPECT TO SUCH GENERAL OR SPECIAL MATTERS AS THE BOARD MAY FROM TIME TO TIME DETERMINE. MEMBERS OF COMMITTEES MAY BE REMOVED AT ANY TIME BY THE BOARD AND ANY COMMITTEE MAY BE TERMINATED AT ANY TIME BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B MEMBERS OF THE 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 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 COLLEGE NET LLC 97 SPRING STREET AMHERST MA 01002 562453216 FIBER OPTIC NETWORK MA 114676 786378 FIVE COLLEGES INCORPORATED COLLEGIATE CATALYST FUND LLC 1154 ROUTE 30 TOWNSHEND VT 05353 043793835 SPONSORED CAPTIVE INSURANCE COMPANY VT 23231 191504 FIVE COLLEGES INCORPORATED