Sapere Aude Consortium Inc
- Assets
- $24.7k
- Revenue
- $43.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Medfield, MA
- Founding
- Data as of
- 07/2024
- EIN
- 85-3701377
Organization Overview
Sapere Aude Consortium Inc is located in Medfield, MA. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sapere Aude Consortium 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 07/2024, Sapere Aude Consortium Inc generated $43.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 65.0% each year . All expenses for the organization totaled $53.6k during the year ending 07/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
WE EXIST TO INTRODUCE FIRST GENERATION COLLEGE STUDENTS (AND CHILDREN OF PUBLIC SERVANTS) TO INVESTMENT AND WEALTH MANAGEMENT. WE BELIEVE THESE INDUSTRIES WILL BENEFIT FROM OUR STUDENTS' UNIQUE EXPERIENCES AND WORLDVIEWS. OUR MISSION IS TO MAKE FIRST GENERATION COLLEGE STUDENTS COMPELLING CANDIDATES FOR PAID, "RISING SENIOR" INTERNSHIPS AT INVESTMENT AND WEALTH MANAGERS, WHICH ARE THE GATEWAY TO THESE INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SAPERE AUDE CONSORTIUM SUMMER INTERNSHIP PROGRAM IS A NINE WEEK PROGRAM FOCUSING ON FIRST-GENERATION COLLEGE STUDENTS INTERESTED IN FINANCIAL SERVICES, SPECIFICALLY INVESTMENT AND WEALTH MANAGEMENT. THE PROGRAM IS DESIGNED TO PREPARE THIS COHORT OF STUDENTS TO COMPETE FOR AND GAIN POSITIONS AT INVESTMENT AND WEALTH MANAGEMENT FIRMS.
THE SUMMER INTERNSHIP PROGRAM AT SAPERE AUDE CONSORTIUM HAS SEEN MORE THAN 100 COLLEGIANS RECEIVE IMPACTFUL INSTRUCTION, GUIDANCE AND EXPERIENCE IN WEALTH AND INVESTMENT MANAGEMENT.
WITH GREAT SUCCESS, PARTICIPANTS HAVE FOUND THAT THE PERSONAL ASSISTANCE OF THEIR MENTORS, COMBINED WITH THE KNOWLEDGE THEY HAVE GAINED AND THE WORK PRODUCT OF THEIR RESEARCH EFFORTS, HAS COALESCED INTO EXCEPTIONAL PROFESSIONAL OPPORTUNITIES WITH A 90% PLACEMENT RATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph P Craven III President/treasurer | OfficerTrustee | 15 | $0 |
Robert Job IV Clerk | OfficerTrustee | 10 | $0 |
Kaitlyn Fischer Director | Trustee | 5 | $0 |
Joseph P Gennaco Director | Trustee | 5 | $0 |
William Dunigan Director | Trustee | 5 | $0 |
Emily Pachuta 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 | $43,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,102 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $43,102 |
| 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 | $41,282 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105 |
| Advertising and promotion | $0 |
| Office expenses | $304 |
| Information technology | $3,580 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $47 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,732 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $53,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,740 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,740 |
| 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 | $0 |
| 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 | $24,740 |
| Total liabilities and net assets/fund balances | $24,740 |