Wellesley College Alumnae Association
- Assets
- $22.9m
- Revenue
- $5.1m
- Investments
- $11.5m
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 09/1972
- Data as of
- 06/2023
- 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 06/2023, Wellesley College Alumnae Association generated $5.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $3.2m during the year ending 06/2023. 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
2023
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: WELLESLEY MAGAZINE IS A QUARTERLY PUBLICATION OF THE ALUMNAE ASSOCIATION. SUBSCRIBERS ARE INFORMED ABOUT FACULTY, STUDENTS AND OTHER COLLEGE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angeles Garcia Cassin Director | Trustee | 2 | $0 |
Crystal Chruchwell Evans Chair, The Wellesley Fund | Trustee | 3 | $0 |
Laura Wood Cantopher President | OfficerTrustee | 12 | $0 |
Brita Haugland Cantrell Director | Trustee | 2 | $0 |
Laura Sue Cohen D'annunzio Director | Trustee | 2 | $0 |
Erika Woods Kedem Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
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 | $2,030,617 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,030,617 |
| Total Program Service Revenue | $861,226 |
| Investment income | $589,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,584,730 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,066,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $132,000 |
| Grants and other assistance to domestic individuals. | $44,000 |
| 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 | $4,329 |
| Fees for services: Accounting | $32,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,415,102 |
| Advertising and promotion | $0 |
| Office expenses | $44,882 |
| Information technology | $125,896 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $47,776 |
| 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 | $3,162,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $931,437 |
| Savings and temporary cash investments | $45,572 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,046 |
| 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 | $4,817 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,332,100 |
| Investments—other securities | $11,505,050 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,042 |
| Total assets | $22,885,064 |
| 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 | $449,908 |
| Total liabilities | $450,473 |
| Net assets without donor restrictions | $10,930,444 |
| Net assets with donor restrictions | $11,504,147 |
| 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 | $22,885,064 |