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 3 years, revenues have fallen by an average of (1.7%) 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 (0.3%) per year over the past 3 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.
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.
PERSONAL SOCIAL SERVICES: EXPENSES INCURRED IN CONNECTION WITH SPONSORED ACTIVITIES SUCH AS: RESEARCH, PUBLIC SERVICE AND STUDENT INTERNSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Jenkinsscott Former President | 40 | $336,440 | |
Roy Schifilliti Vice President | Officer | 40 | $216,043 |
Anne Marie Martorana Vice President - Chief Financial Officer | Officer | 40 | $207,472 |
Adrian Haugabrook VP For Enrollment Magagement | Officer | 40 | $191,342 |
Jennifer Rice VP For Institutional Advancement | Officer | 40 | $181,492 |
Marta Rosa Senior Director Government Affairs | 40 | $165,298 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northeast Security Public Safety | 6/29/17 | $583,084 |
Vertec Corporation Construction | 6/29/17 | $193,967 |
Hirsch Roberts Weinstein Llp Legal Counsel | 6/29/17 | $179,861 |
Integrated Multimedia Solutions Communications Systems | 6/29/17 | $249,903 |
Sodexo Inc & Affiliates Food Service Provider | 6/29/17 | $1,951,817 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,232,169 |
| 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 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 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 | $0 |
| 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 |
| 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 |
| Net assets without donor restrictions | $47,671,838 |
| Net assets with donor restrictions | $12,659,371 |
| Capital stock or trust principal, or current funds | $33,890,438 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $94,221,647 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wheelock College has recieved totaling $202,284.
| Awarding Organization | Amount |
|---|---|
Helena Foundation Inc Crownsville, MD PURPOSE: OPERATING & ENDOWMENT | $202,284 |
Endowment Analysis
| Beg. Balance | $50,019,177 |
| Earnings | $7,153,592 |
| Net Contributions | $865,157 |
| Other Expense | $3,152,967 |
| Ending Balance | $54,884,959 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Center For Discovery Inc Harris, NY | $136,967,391 | $121,112,657 |
Champlain College Inc Burlington, VT | $240,784,775 | $119,718,125 |
Behavioral Health Network Inc Springfield, MA | $65,551,106 | $133,127,177 |
Point Park University Pittsburgh, PA | $213,510,842 | $122,379,566 |
Bay Cove Human Services Inc Boston, MA | $73,611,314 | $126,196,963 |
Lucent Technologies Inc Postretirment Welfare Benefits Tru Murray Hill, NJ | $233,482,578 | $187,732,247 |
Core Physicians Llc Exeter, NH | $19,371,760 | $100,280,879 |
Northwestern Medical Center Inc St Albans, VT | $180,177,619 | $138,585,936 |
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
Museum Of Fine Arts Boston, MA | $1,234,619,782 | $175,070,799 |
Rising Ground Inc Brooklyn, NY | $83,365,345 | $129,310,965 |
Lehigh Valley Hospital - Schuykill Allentown, PA | $123,931,422 | $141,448,853 |