Wheelock College
- Assets
- $139.7m
- Revenue
- $50.4m
- Investments
- $26.1m
- Employees
- 933
- Location
- Boston, MA
- Founding
- Data as of
- 06/2017
- EIN
- 04-2103639
Organization Overview
Wheelock College is located in Boston, MA. As of 06/2017, Wheelock College employed 933 individuals. Wheelock 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 06/2017, Wheelock College generated $50.4m in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $55.2m during the year ending 06/2017. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 2 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
WHEELOCK COLLEGE, A PRIVATE COLLEGE WITH A PUBLIC MISSION, IS RECOGNIZED AS A NATIONAL LEADER IN ITS PROFESSIONAL FIELDS - CHILD LIFE, SOCIAL WORK, AND EDUCATION. WHEELOCK CARRIES OUT THIS MISSION BY PROVIDING A SOUND EDUCATION IN THE ARTS AND SCIENCES AND IN THE PROFESSIONS. THE COLLEGE OFFERS OUTSTANDING PROFESSIONAL PREPARATION IN EDUCATION, CHILD LIFE, AND SOCIAL WORK. THE WHEELOCK MISSION IS SUSTAINED BY THE COLLEGE ACADEMIC PROGRAMS AND BY INVOLVEMENT IN THE LIFE OF MANY COMMUNITIES. WHEELOCK ACADEMIC PROGRAMS GIVE THE STUDENTS A RIGOROUS EDUCATION IN THE ARTS AND SCIENCES WHILE ENABLING STUDENTS TO BECOME INFORMED AND EMPATHIC PROFESSIONALS. A CURRICULUM WITH A MULTICULTURAL DIMENSION PREPARES STUDENTS TO WORK WITH CHILDREN AND FAMILIES, TO BE RESPONSIBLE CITIZENS, AND TO HELP CREATE A JUST SOCIETY. THROUGH DEMANDING AND RESPONSIVE TEACHING, FACULTY MEMBERS INSPIRE STUDENTS TO BECOME INFORMED AND CONTRIBUTING CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL SCIENCE AND RELATED STUDIES: INSTRUCTIONAL PROGRAMS FOR UNDERGRADUATE AND GRADUATE STUDENTS IN THE AREAS OF EDUCATION, SOCIAL WORK AND CHILD LIFE. PROGRAMS INCLUDE CLASSROOM INSTRUCTION AS WELL AS PRACTICAL EXPERIENCE AT SCHOOL AND SOCIAL SERVICE AGENCIES.
PERSONAL SOCIAL SERVICES: EXPENSES INCURRED IN CONNECTION WITH SPONSORED ACTIVITIES SUCH AS: RESEARCH, PUBLIC SERVICE AND STUDENT INTERNSHIPS.
SUPPORT SERVICES FOR UNDERGRADUATE AND GRADUATE STUDENTS INCLUDING STUDENT ACTIVITIES, RESIDENCE LIFE STAFF AND PROGRAMS, MENTAL HEALTH COUNSELING SERVICES, ATHLETIC PROGRAMS, AND NUMEROUS OTHER ADMINISTRATIVE SUPPORT SERVICES FOR STUDENTS.
HOUSING PROGRAMS:EXPENSES INCURRED FOR RESIDENT STUDENTS THAT PROVIDES STUDENTS WITH THE ADDITIONAL TIME TO EXTEND THEIR EDUCATION EXPERIENCE BEYOND THE CLASSROOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Sallick Chair Of The Board | OfficerTrustee | 3 | $0 |
Kate Taylor Chair Of The Board | OfficerTrustee | 3 | $0 |
Susan Simon Chair Of The Corporation | OfficerTrustee | 3 | $0 |
Daniel Stern Terris Vice Chair Of The Board Of Trustees | OfficerTrustee | 3 | $0 |
Elizabeth Cluett Thors Treasurer Of The Corporation | OfficerTrustee | 3 | $0 |
Ranch C Kimball Clerk Of The Corporation | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Food Service Provider | 6/29/17 | $1,951,817 |
Northeast Security Public Safety | 6/29/17 | $583,084 |
Integrated Multimedia Solutions Communications Systems | 6/29/17 | $249,903 |
Vertec Corporation Construction | 6/29/17 | $193,967 |
Hirsch Roberts Weinstein Llp Legal Counsel | 6/29/17 | $179,861 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $123,611 |
| Related organizations | $0 |
| Government grants | $188,899 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,919,659 |
| Noncash contributions included in lines 1a–1f | $500,513 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,232,169 |
| Total Program Service Revenue | $42,618,639 |
| Investment income | $797,017 |
| Tax Exempt Bond Proceeds | $28,493 |
| Royalties | $0 |
| Net Rental Income | $1,858,697 |
| Net Gain/Loss on Asset Sales | $928,711 |
| Net Income from Fundraising Events | -$16,067 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,390,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,236,258 |
| Grants and other assistance to Foreign Orgs/Individuals | $39,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,281,404 |
| Compensation of current officers, directors, key employees. | $865,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,108,035 |
| Pension plan accruals and contributions | $747,290 |
| Other employee benefits | $1,902,477 |
| Payroll taxes | $1,272,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $372,374 |
| Fees for services: Accounting | $101,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $216,682 |
| Fees for services: Other | $2,535,014 |
| Advertising and promotion | $319,521 |
| Office expenses | $1,400,751 |
| Information technology | $881,666 |
| Royalties | $0 |
| Occupancy | $1,953,812 |
| Travel | $708,548 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,402 |
| Interest | $2,036,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,018,221 |
| Insurance | $297,099 |
| All other expenses | $1,756,231 |
| Total functional expenses | $55,162,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $944,116 |
| Savings and temporary cash investments | $7,964,641 |
| Pledges and grants receivable | $283,753 |
| Accounts receivable, net | $1,681,002 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $802,040 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $566,068 |
| Net Land, buildings, and equipment | $67,335,422 |
| Investments—publicly traded securities | $27,343,928 |
| Investments—other securities | $26,084,104 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,648,155 |
| Total assets | $139,653,229 |
| Accounts payable and accrued expenses | $4,280,239 |
| Grants payable | $0 |
| Deferred revenue | $2,340,688 |
| Tax-exempt bond liabilities | $37,865,268 |
| 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 | $945,387 |
| Total liabilities | $45,431,582 |
| Unrestricted restricted net Assets | $47,671,838 |
| Temporarily restricted net Assets | $12,659,371 |
| Permanently restricted net Assets or current funds | $33,890,438 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $94,221,647 |