Worcester Polytechnic Institute Alumni Association
- Assets
- $3.5m
- Revenue
- $178.4k
- Investments
- $3.3m
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 08/1959
- Data as of
- 06/2021
- EIN
- 04-2121303
Organization Overview
Worcester Polytechnic Institute Alumni Association is located in Worcester, MA. The organization was established in 1959. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is the central organization for a national or regional group of organizations. Worcester Polytechnic Institute Alumni 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 06/2021, Worcester Polytechnic Institute Alumni Association generated $178.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $139.4k during the year ending 06/2021. 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
TO CONNECT AND ENGAGE ALUMNI OF WORCESTER POLYTECHNIC INSTITUTE (WPI) IN SUPPORT OF WPI'S MISSIONS AND GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES SCHOLARSHIPS TO WPI STUDENTS AND SPONSORS VARIOUS EVENTS CONNECTING STUDENTS WITH ALUMNI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Macaulay President | OfficerTrustee | 1 | $0 |
Paula Delaney President Elect | OfficerTrustee | 1 | $0 |
Dan Sullivan Treasurer | OfficerTrustee | 1 | $0 |
Monica Ellis Secretary | OfficerTrustee | 1 | $0 |
Dave Wheeler Past President | Trustee | 1 | $0 |
Kevin Beaulieu Director | Trustee | 1 | $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 | $26,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,163 |
| Total Program Service Revenue | $0 |
| Investment income | $130,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $21,289 |
| 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 | $178,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $97,200 |
| 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 | $0 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,408 |
| Advertising and promotion | $0 |
| Office expenses | $22,182 |
| 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 | $6,555 |
| Total functional expenses | $139,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,016 |
| 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 | $3,337,369 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,495,385 |
| 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 | $3,361,665 |
| Net assets with donor restrictions | $133,720 |
| 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 | $3,495,385 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Worcester Polytechnic Institute Alumni Association has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $5,000 |
Endowment Analysis
| Beg. Balance | $351,468 |
| Earnings | $92,384 |
| Other Expense | $35,147 |
| Ending Balance | $408,705 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dyouville College Buffalo, NY | $237,922,794 | $97,566,880 |
University Of Saint Joseph West Hartford, CT | $138,052,246 | $93,452,182 |
Mount Saint Mary College Newburgh, NY | $218,302,494 | $87,358,285 |
American International College Springfield, MA | $97,977,130 | $85,156,875 |
College Of New Rochelle New Rochelle, NY | $77,421,794 | $73,143,804 |
New England Conservatory Of Music Boston, MA | $251,412,598 | $68,675,147 |
Roberts Wesleyan University Rochester, NY | $131,385,408 | $61,007,244 |
Dominican College Of Blauvelt N Y Orangeburg, NY | $75,157,140 | $60,983,809 |
Sisters Of Saint Ann Anna Maria College Paxton, MA | $54,188,559 | $53,756,555 |
Cornell University Foundation Ithaca, NY | $179,755,016 | $29,213,548 |
Rivier University Nashua, NH | $135,744,912 | $55,240,683 |
Elmira College Elmira, NY | $122,975,141 | $39,621,630 |