Alumnae Association Of Smith College
- Assets
- $31.5m
- Revenue
- $2.7m
- Investments
- $31.4m
- Employees
- 0
- Location
- Northampton, MA
- Founding
- 05/1945
- Data as of
- 06/2021
- EIN
- 04-2103649
Organization Overview
Alumnae Association Of Smith College is located in Northampton, MA. The organization was established in 1945. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Alumnae Association Of Smith 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 06/2021, Alumnae Association Of Smith College generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 4.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ALUMNAE ASSOCIATION OF SMITH COLLEGE THE ASSOCIATION IS TO FURTHER THE WELL-BEING OF THE COLLEGE AND ITS GRADUATES BY INCREASING THE INTEREST OF MEMBERS IN THE COLLEGE AND IN EACH OTHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION, WORKING IN CONCERT WITH THE SMITH COLLEGE ALUMNAE RELATIONS DEPARTMENT, PROVIDES INNOVATIVE PROGRAMS AND SERVICES WHICH RESPOND TO THE INTERESTS OF ITS DIVERSE ALUMNAE POPULATION. ONLINE PUBLICATIONS, SERVICES, VOLUNTEER RESOURCES, REUNION, TRAVEL PROGRAMS, AND EDUCATIONAL OPPORTUNITIES IN ADDITION TO LIVE PROGRAMS THAT CONNECT ALUMNAE WITH CURRENT STUDENTS, FELLOW GRADUATES AND FACULTY MEMBERS, ALL PROVIDE AVENUES FOR ALUMNAE TO REMAIN CLOSE TO SMITH COLLEGE IN WAYS THAT ARE MEANINGFUL TO THEM. THE ASSOCIATION BOASTS A WORLDWIDE MEMBERSHIP OF WELL OVER 50,000. SINCE ITS INCEPTION IN 1881, THE ASSOCIATION HAS GROWN AND PROSPERED INTO A VITAL ORGANIZATION THAT CONTINUALLY MEETS THE NEEDS OF ALUMNAE AND THE COLLEGE COMMUNITY WHILE REMAINING TRUE TO THE TIME HONORED TRADITIONS THAT ALUMNAE TREASURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan C Greene President | OfficerTrustee | 5 | $0 |
Lynne Zagami Vice President | OfficerTrustee | 5 | $0 |
Barbara Massey Treasurer | OfficerTrustee | 5 | $0 |
Melodye Serina Secretary | OfficerTrustee | 5 | $0 |
Leah Gross Director | Trustee | 5 | $0 |
Rachel Gerstein Director | Trustee | 5 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $2,730,203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,730,203 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $172,515 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,328,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,318 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $31,397,414 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,465,732 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $31,450,762 |
| Net assets with donor restrictions | $14,970 |
| 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 | $31,465,732 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alumnae Association Of Smith College has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Alton Foundation Saint Cloud, MN PURPOSE: PROGRAM SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $23,758,823 |
| Earnings | $8,794,641 |
| Other Expense | $1,156,050 |
| Ending Balance | $31,397,414 |