Wharton Graduate Association Twga Inc
- Assets
- $3.8m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Philadelphia, PA
- Founding
- 07/1997
- Data as of
- 06/2022
- EIN
- 23-2731689
Organization Overview
Wharton Graduate Association Twga Inc, operating under the name Same As Above, is located in Philadelphia, PA. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Same As Above employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Same As Above 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, Same As Above generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $6.1m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 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.
Since 2015, Same As Above has awarded 33 individual grants totaling $551,153. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE WGA IS TO BE AN ADVOCATE FOR THE STUDENT VOICE AND FACILITATE STUDENT ENDEAVORS, ALL UNDER THE AUSPICES OF IMPROVING THE WHARTON SCHOOL.IT IS THE PURPOSE OF THE WHARTON GRADUATE ASSOCIATION: - TO CONTRIBUTE TO THE IMPROVEMENT AND DEVELOPMENT OF THE WHARTON SCHOOL. - TO ASSIST WHARTON MBA STUDENTS IN REACHING THEIR ACADEMIC AND PROFESSIONAL GOALS. - TO GENERATE STUDENT INPUT INTO POLICIES AND PROCEDURES WHICH AFFECT THE STUDENT COMMUNITY. - TO REPRESENT THE INTERESTS OF AND ADVOCATE FOR THE WHARTON MBAS. - TO BUILD AND SUPPORT A COHESIVE MBA COMMUNITY. - TO BUILD CONNECTIONS AND PROMOTE COMMUNICATION AMONG CURRENT STUDENTS, ALUMNI, THE FACULTY, THE ADMINISTRATION, THE UNIVERSITY OF PENNSYLVANIA COMMUNITY, AND THE LEADERS OF BUSINESS AND GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WGA IS THE PRIMARY VEHICLE FOR COORDINATING AND MANAGING STUDENT ACTIVITIES AND INITIATIVES BOTH ACADEMIC AND EXTRACURRICULAR. IN ADDITION TO STUDENT REPRESENTATION, THE WGA PROVIDES MONETARY AND LOGISTICAL RESOURCES TO OVER 180 DIFFERENT CLUBS.THE WGA IS THE CARETAKER OF WHARTON'S MBA TRADITIONS AND SCHOOL-WIDE EVENTS, INCLUDING THE INSIDE GUIDE, WALNUT WALK, FOLLIES, SAY YES TO EDUCATION, GLOBAL HEALTHCARE VOLUNTEER PROGRAM, REBUILDING PHILA TOGETHER, WHARTON 54, SPRING GALA, AND COUNTLESS OTHERS. WGA STUDENT DUES SUBSIDIZE THESE EVENTS, MAKING IT POSSIBLE FOR THE LARGEST NUMBER OF STUDENTS TO PARTICIPATE. MEMBERS OF THE WGA ARE ELIGIBLE TO TAKE PART IN OR ATTEND ANY OF THESE EVENTS (OFTEN REQUIRING A SPONSORED TICKET PURCHASE).MORE THAN 180 STUDENT CLUBS/CONFERENCES SHAPE THE WHARTON MBA EXPERIENCE IN ALL AREAS. THEY FOCUS ON INTERESTS RANGING FROM SOCIAL, LIKE THE WINE CLUB, TO INTERNATIONAL & CULTURAL, LIKE WHALASA, TO ATHLETIC, LIKE THE WILDMEN, TO PROFESSIONAL, LIKE THE MEDIA & ENTERTAINMENT CLUB. THE WGA ENABLES COUNTLESS OPPORTUNITIES FOR YOU TO CREATE RELATIONSHIPS AND EXPLORE YOUR INTERESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arianna Chang President | OfficerTrustee | 20 | $0 |
Kyle Rodriguez Evp Student Affairs | OfficerTrustee | 20 | $0 |
Deeya Bajaj Evp Leadership And Engagement | OfficerTrustee | 20 | $0 |
Mark Werner Chief Financial Officer | OfficerTrustee | 20 | $0 |
Garuth Acharya Gapsa Liaison | Trustee | 12 | $0 |
Arelyss Eblohoue Gapsa Liaison | Trustee | 12 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Live Nation Worldwide Catering And Event Services | 6/29/22 | $116,658 |
Miami Entertainment Group Llc Catering And Event Services | 6/29/22 | $110,060 |
Mayfield Social Club Catering And Event Services | 6/29/22 | $106,030 |
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 | $1,651,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,651,851 |
| Total Program Service Revenue | $3,815,943 |
| Investment income | $3,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $48,853 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,667,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $176,440 |
| Grants and other assistance to domestic individuals. | $221,783 |
| 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 | $98,022 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,940 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,360,273 |
| Advertising and promotion | $93,370 |
| Office expenses | $173,409 |
| Information technology | $68,163 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $249,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,260,450 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $23,581 |
| All other expenses | $0 |
| Total functional expenses | $6,105,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $426,616 |
| Savings and temporary cash investments | $3,463 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,000 |
| 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 | $1,900,403 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,481,404 |
| Total assets | $3,814,886 |
| Accounts payable and accrued expenses | $195,042 |
| Grants payable | $0 |
| Deferred revenue | $111,432 |
| 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 | $306,474 |
| Net assets without donor restrictions | $3,508,412 |
| Net assets with donor restrictions | $0 |
| 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 | $3,814,886 |
Grants Awarded
Over the last fiscal year, Wharton Graduate Association Twga Inc has awarded $52,571 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
REBUILDING TOGETHER PHILADELPHIA PURPOSE: CHARITABLE: TO SUPPORT THE ORGANIZATION AND IT'S MISSION | $14,018 |
BOYS & GIRLS CLUB PURPOSE: CHARITABLE: TO SUPPORT THE ORGANIZATION AND IT'S MISSION | $38,553 |