Wellesley College Alumnae Association
- Assets
- $21.8m
- Revenue
- $2.8m
- Investments
- $20.1m
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 09/1972
- Data as of
- 06/2022
- EIN
- 04-2105817
Organization Overview
Wellesley College Alumnae Association is located in Wellesley, MA. The organization was established in 1972. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Wellesley College Alumnae Association 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 06/2022, Wellesley College Alumnae Association generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE INSTITUTIONAL PRIORITIES OF WELLESLEY COLLEGE BY CONNECTING ALUMNAE TO THE COLLEGE AND TO EACH OTHER. THE ASSOCIATION WILL SERVE AS A LIFELONG RESOURCE TO ALUMNAE AND WILL ENCOURAGE ALUMNAE TO CONTRIBUTE TO THE CONTINUED EXCELLENCE OF THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALUMNAE SERVICES INCLUDING CLASS REUNIONS AND EVENTS, EDUCATIONAL TRAVEL AND LEADERSHIP TRAINING TO KEEP ALUMNAE CONNECTED WITH THE COLLEGE
MAGAZINE: THE ALUMNAE ASSOCIATION PUBLISHES FOUR ISSUES PER YEAR. SUBSCRIBERS ARE INFORMED ABOUT FACULTY, STUDENTS AND OTHER COLLEGE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Wood Cantopher President | OfficerTrustee | 12 | $0 |
Stephanie Hsieh Treasurer/secretary | OfficerTrustee | 7 | $0 |
Angeles Garcia Cassin Director | Trustee | 2 | $0 |
Brita Haugland Cantrell Director | Trustee | 2 | $0 |
Charlotte Hayes Chair, Strategic Communica | Trustee | 2 | $0 |
Jane Materazzo Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lane Press Inc Printer | 6/29/20 | $105,728 |
Hecht Horton Partners Inc Art Direction | 6/29/20 | $134,297 |
Hecht Horton Partners Inc Art Direction | 6/29/20 | $134,297 |
Lane Press Inc Printer | 6/29/20 | $105,728 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,902,372 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,902,372 |
| Total Program Service Revenue | $504,761 |
| Investment income | $401,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$330 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,808,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $127,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,965 |
| Fees for services: Accounting | $47,423 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,274,874 |
| Advertising and promotion | $0 |
| Office expenses | $28,528 |
| Information technology | $98,360 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $51,091 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,666,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $494,483 |
| Savings and temporary cash investments | $638,076 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,296 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $427,524 |
| Investments—other securities | $20,099,616 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $165,737 |
| Total assets | $21,826,732 |
| Accounts payable and accrued expenses | $565 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $4,146 |
| Total liabilities | $4,711 |
| Net assets without donor restrictions | $10,037,975 |
| Net assets with donor restrictions | $11,784,046 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,826,732 |
Endowment Analysis
| Beg. Balance | $3,741,486 |
| Earnings | -$359,291 |
| Other Expense | $73,449 |
| Ending Balance | $3,308,746 |