Wellesley Abc Program Inc
- Assets
- $1.6m
- Revenue
- $168.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Wellesley, MA
- Founding
- 10/1972
- Data as of
- 06/2022
- EIN
- 04-2503812
Organization Overview
Wellesley Abc Program Inc is located in Wellesley, MA. The organization was established in 1972. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Wellesley Abc Program Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellesley Abc Program Inc 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 Abc Program Inc generated $168.3k 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 (4.8%) each year. All expenses for the organization totaled $169.7k during the year ending 06/2022. 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
WELLESLEY ABC PROGRAM, INC. WAS FORMED IN 1972 WITH ITS CORE MISSION TO PROVIDE ACADEMICALLY TALENTED STUDENTS FROM UNDERSERVED COMMUNITIES WITH HOUSING, ACADEMIC SUPPORT, AND ACCESS TO A RIGOROUS COLLEGE PREPARATORY PROGRAM AT WELLESLEY HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ACADEMICALLY TALENTED AND PROMISING WOMEN FROM UNDERSERVED COMMUNITIES A BETTER CHANCE THROUGH ENROLLMENT AT WELLESLEY HIGH SCHOOL AND PARTICIPATION IN A RESIDENTIAL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Bedrosian Vice Preside | OfficerTrustee | 20 | $0 |
Stephanie Allred Vice Preside | OfficerTrustee | 3 | $0 |
Ady Balog Co-President | OfficerTrustee | 40 | $0 |
Shelley Mchale Treasurer | OfficerTrustee | 10 | $0 |
Hagar Spits Secretary | OfficerTrustee | 3 | $0 |
Beth Falk Vice Preside | OfficerTrustee | 12 | $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 | $168,187 |
| Noncash contributions included in lines 1a–1f | $296 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,187 |
| Total Program Service Revenue | $0 |
| Investment income | $88 |
| 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 | $168,275 |
| 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 | $33,703 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $834 |
| Payroll taxes | $2,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,699 |
| 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 | $5,690 |
| Information technology | $4,662 |
| Royalties | $0 |
| Occupancy | $30,822 |
| 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 | $19,537 |
| Insurance | $822 |
| All other expenses | $50 |
| Total functional expenses | $169,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,090 |
| Savings and temporary cash investments | $265,815 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122 |
| 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 | $4,668 |
| Net Land, buildings, and equipment | $1,254,996 |
| Investments—publicly traded securities | $18,461 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,588,152 |
| Accounts payable and accrued expenses | $9,695 |
| 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 | $265,322 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $275,017 |
| Net assets without donor restrictions | $1,294,866 |
| Net assets with donor restrictions | $18,269 |
| 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 | $1,588,152 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wellesley Abc Program Inc has recieved totaling $725.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $725 |
Endowment Analysis
| Beg. Balance | $19,702 |
| Earnings | -$1,537 |
| Net Contributions | $296 |
| Ending Balance | $18,461 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choate Rosemary Hall Foundation Incorporated Wallingford, CT | $824,930,363 | $80,573,016 |
Hotchkiss School Lakeville, CT | $832,226,197 | $135,336,667 |
St Pauls School Concord, NH | $908,168,263 | $117,316,597 |
Trustees Of Deerfield Academy Deerfield, MA | $1,009,854,595 | $87,019,997 |
Taft School Corporation Watertown, CT | $447,949,060 | $83,525,324 |
Northfield Mount Hermon School Mount Hermon, MA | $279,135,089 | $64,524,302 |
Loomis Institute Windsor, CT | $445,458,169 | $66,028,387 |
Noble And Greenough School Dedham, MA | $357,051,555 | $55,304,957 |
Pinkerton Academy Derry, NH | $88,400,593 | $52,612,732 |
Groton School Groton, MA | $519,152,774 | $50,710,312 |
Kent School Corporation Kent, CT | $229,105,384 | $52,388,614 |
Hopkins School Incorporated New Haven, CT | $238,380,739 | $44,795,541 |