WELLESLEY COLLEGE: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- WELLESLEY COLLEGE (EIN 04-2103637)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-15
- IRS object ID
- 202331359349311153
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-15T13:50:29-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 SOUTH STREET TWO FINANCIAL | AddressLine1Txt |
| Address Line2 | CENTER | AddressLine2Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103637 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELLESLEY COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WELL | BusinessNameControlTxt |
| Phone | 7812831000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 106 CENTRAL STREET | AddressLine1Txt |
| City | WELLSLEY | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024818203 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PIPER ORTON | PersonNm |
| Person Title | VP FOR FIN. & ADMIN. & TREAS | PersonTitleTxt |
| Phone | 7812831000 | PhoneNum |
| Signature | 2023-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | PIPER | PersonFirstNm |
| Person Last | ORTON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SMITA BALIGA | PreparerPersonNm |
| PTIN | P01643271 | PTIN |
| Phone | 6179881000 | PhoneNum |
| Preparation | 2023-05-10 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PAULA A JOHNSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 106 CENTRAL STREET | AddressLine1Txt |
| City | WELLSLEY | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024818203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $599,365,522 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.WELLESLEY.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1870 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE AN EXCELLENT LIBERAL ARTS EDUCATION FOR WOMEN WHO WILL MAKE A DIFFERENCE IN THE WORLD. | ActivityOrMissionDesc |
| Voting Members Governing Body | 33 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 32 | VotingMembersIndependentCnt |
| Total Employee | 2807 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $832,510 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $430,743 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $68,183,815 | PYContributionsGrantsAmt |
| CY Contributions Grants | $60,807,794 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $152,659,403 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $184,443,403 | CYProgramServiceRevenueAmt |
| PY Investment Income | $287,098,075 | PYInvestmentIncomeAmt |
| CY Investment Income | $218,304,861 | CYInvestmentIncomeAmt |
| PY Other Revenue | $7,574,149 | PYOtherRevenueAmt |
| CY Other Revenue | $11,284,572 | CYOtherRevenueAmt |
| PY Total Revenue | $515,515,442 | PYTotalRevenueAmt |
| CY Total Revenue | $474,840,630 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $70,917,262 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $79,352,912 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $141,142,793 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $150,293,912 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $8,723,617 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $111,043,807 | PYOtherExpensesAmt |
| CY Other Expenses | $117,545,198 | CYOtherExpensesAmt |
| PY Total Expenses | $323,103,862 | PYTotalExpensesAmt |
| CY Total Expenses | $347,192,022 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $192,411,580 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $127,648,608 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $4,125,529,097 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,730,562,132 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $657,727,476 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $629,282,773 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,467,801,621 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,101,279,359 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE AN EXCELLENT LIBERAL ARTS EDUCATION FOR WOMEN WHO WILL MAKE A DIFFERENCE IN THE WORLD. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $170,225,980 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $178,393,724 | RevenueAmt |
| Desc | OUTSTANDING EDUCATION: WELLESLEY IS COMMITTED TO ENSURING THAT OUR EXCELLENT LIBERAL ARTS CURRICULUM IS BOTH INTELLECTUALLY AND CULTURALLY BROAD TO PREPARE OUR GRADUATES FOR THEIR LIVES AFTER COLLEGE. WELLESLEY OFFERS MORE THAN 50 DEPARTMENTAL AND INTERDEPARTMENTAL MAJORS TO APPROXIMATELY 2,300 STUDENTS. THE AVERAGE CLASS SIZE IS 17 TO 20 STUDENTS WITH A 7:1 STUDENT-FACULTY RATIO. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $82,227,117 | ExpenseAmt |
| Grant | $79,352,912 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | WELLESLEY COLLEGE HAS A LONG TRADITION OF NEED-BLIND ADMISSION FOR U.S. CITIZENS AND PERMANENT RESIDENTS, MAKING ADMISSION DECISIONS WITHOUT REGARD TO A FAMILY'S FINANCIAL SITUATION. THROUGH ITS FINANCIAL AID PROGRAM, THE COLLEGE MEETS 100 PERCENT OF A STUDENT'S DEMONSTRATED FINANCIAL NEED. RESOURCES DEDICATED TO THE FINANCIAL AID PROGRAM ENSURE THAT WELLESLEY IS SUCCESSFUL IN RECRUITING AND ENROLLING A STRONG AND DIVERSE STUDENT BODY WITH CONTINUED ATTENTION TO ISSUES OF FINANCING AND AFFORDABILITY. APROXIMATELY 60% OF THE STUDENT BODY RECEIVES FINANCIAL AID AND WELLESLEY IS WIDELY RECOGNIZED AS ONE OF THE TOP 10 COLLEGES IN THE COUNTRY FOR STUDENTS GRADUATING WITH THE LEAST AMOUNT OF DEBT. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $12,528,966 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $12,528,966 | RevenueAmt |
| Desc | SPONSORED RESEARCH: WELLESLEY PRIDES ITSELF ON ITS COMMITMENT TO SUPPORTING THE TEACHER-SCHOLAR, ENABLING OUR GIFTED FACULTY MEMBERS TO INTEGRATE THEIR LOVE OF TEACHING AND WORKING CLOSELY WITH STUDENTS WITH THEIR PURSUIT OF THE ADVANCEMENT OF KNOWLEDGE THROUGH THEIR WORLD-CLASS RESEARCH. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $264,982,063 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 392 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2807 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | FR | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | Yes (1) | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 33 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 32 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PIPER ORTON | PersonNm |
| Phone | 7812831000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 106 CENTRAL STREET | AddressLine1Txt |
| City | WELLESLEY | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02481 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (47 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| DEBORA DE HOYOS | |||||||||
| CHAIR | 12.00 | Yes (X) | $0 | $0 | $0 | ||||
| CHRISTOPHER T PASKO | |||||||||
| VICE CHAIR | 10.00 | Yes (X) | $0 | $0 | $0 | ||||
| TODD ABBRECHT | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| KENNETH G BARTELS | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| M AMY BATCHELOR | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| BRIAN C BRODERICK | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| LAURA WOOD CANTOPHER | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANNE SHEN CHAO | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ELYSE CHERRY | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| CALLIE CROSSLEY | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| OPHELIA DAHL | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ELIZABETH DESMOND | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUZANNE FREY | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| LAURA DAIGNAULT GATES | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| SARAH JANE GUNTER | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| CHERYL HAYWOOD | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| AMANDA HERNANDEZ | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MAIA HEYMANN | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| DOUGLAS HOLLETT | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| SANDRA HORBACH | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUSAN SALTZBART KILSBY | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| PATRICK LEE | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUSAN KOENIGSBERG LUCAS | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ELLEN R MARRAM | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ELIZABETH F MCCORMACK | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| LIA GELIN POORVU | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| SOPHIA SHAW | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| JENNIFER SMITH | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| GRACE Y TOH | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| PETER TUFANO | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUE WAGNER | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALVIA J WARDLAW | |||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| PAULA A JOHNSON | |||||||||
| PRESIDENT | 60.00 | Yes (X) | $635,209 | $0 | $129,570 | Yes (X) | |||
| DEBORAH F KUENSTNER | |||||||||
| CHIEF INVESTMENT OFFICER | 60.00 | $990,530 | $0 | $54,460 | Yes (X) | ||||
| ANDREW SHENNAN | |||||||||
| PROVOST AND DEAN OF COLLEGE | 60.00 | $333,646 | $0 | $124,205 | Yes (X) | ||||
| PIPER ORTON | |||||||||
| VP FOR FIN. & ADMIN. & TREAS. | 60.00 | $367,064 | $0 | $32,494 | Yes (X) | ||||
| MARY CASEY | |||||||||
| VP FOR DEVELOPMENT & PUB. AFF. | 60.00 | $352,030 | $0 | $44,125 | Yes (X) | ||||
| SHEILAH HORTON | |||||||||
| DEAN OF STUDENTS | 60.00 | $261,894 | $0 | $105,597 | Yes (X) | ||||
| JOY ST JOHN | |||||||||
| DEAN-ADMISS. & STU. FIN. SVCS | 60.00 | $237,524 | $0 | $43,750 | Yes (X) | ||||
| MEGAN NUNEZ | |||||||||
| DEAN OF FACULTY AFFAIRS | 60.00 | $233,034 | $0 | $37,848 | Yes (X) | ||||
| MICHAEL JEFFRIES | |||||||||
| DEAN OF ACADEMIC AFF. | 60.00 | $217,529 | $0 | $35,724 | Yes (X) | ||||
| ROSE C CARPENTER | |||||||||
| MANAGING DIRECTOR TO DEPUTY CIO | 60.00 | $943,912 | $0 | $57,804 | Yes (X) | ||||
| RAY OQUENDO | |||||||||
| CHIEF OPERATING OFFICER | 60.00 | $813,904 | $0 | $56,916 | Yes (X) | ||||
| GREG ROZOLSKY | |||||||||
| INVESTMENT DIRECTOR | 60.00 | $476,062 | $0 | $39,873 | Yes (X) | ||||
| MATTHEW VEILEUX | |||||||||
| INVESTMENT DIRECTOR | 60.00 | $395,606 | $0 | $29,355 | Yes (X) | ||||
| KAREN PETRULAKIS | |||||||||
| GENERAL COUNSEL | 60.00 | $365,799 | $0 | $47,464 | Yes (X) | ||||
| ANN VELENCHIK | |||||||||
| FORMER DEAN OF ACADEMIC AFF. | 60.00 | $215,769 | $0 | $35,778 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $6,839,512 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $874,963 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 309 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TURNER CONSTRUCTION COMPANY | |||||
| 2 SEAPORT LANE - 2ND FLOOR | BOSTON | MA | 02210 | CONSTRUCTION | $28,170,253 |
| AMERESCO INC | |||||
| PO BOX 499135 | BOSTON | MA | 02241 | ENGINEERING SERVICES | $7,045,607 |
| SCORPION CONSTRUCTION | |||||
| PO BOX 540-179 | MILLIS | MA | 02054 | CONSTRUCTION | $1,671,902 |
| SKIDMORE OWINGS MERRILL LLP | |||||
| 14 WALL ST | NEW YORK | NY | 10005 | CONSTRUCTION | $1,602,995 |
| LOCAL MOTION | |||||
| 66B ROCSAM PARK ROAD | BRAINTREE | MA | 02184 | TRANSPORTATION | $1,307,559 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 121 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $9,652,437 | GovernmentGrantsAmt |
| All Other Contributions | $51,155,357 | AllOtherContributionsAmt |
| Noncash Contributions | $3,742,610 | NoncashContributionsAmt |
| Total Contributions | $60,807,794 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| STUDENT TUITION AND FEES | 900099 | $142,966,129 | $142,966,129 |
| STUDENT ROOM AND BOARD | 900099 | $39,948,036 | $39,948,036 |
| WELLESLEY CENTER FOR WOMEN | 900099 | $1,529,238 | $1,529,238 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $184,443,403 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,475,794 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$3,417,962 | UnrelatedBusinessRevenueAmt |
| Exclusion | $14,893,756 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $329,849,001 | SecuritiesAmt |
| Other | $1,504,958 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $124,199,210 | SecuritiesAmt |
| Other | $325,682 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $205,649,791 | SecuritiesAmt |
| Other | $1,179,276 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $206,829,067 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $2,337,592 | UnrelatedBusinessRevenueAmt |
| Exclusion | $204,491,475 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|---|
| GAIN ON DEBT EXTINGUISHMENT | 900099 | $2,892,405 | $2,892,405 | ||
| AUXILIARY ENTERPRISES | 900099 | $2,641,956 | $2,641,956 | ||
| NEHOIDEN GOLF CLUB | 713990 | $1,912,880 | $1,912,880 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,837,331 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,837,331 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $11,284,572 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $474,840,630 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $190,922,690 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $832,510 | UnrelatedBusinessRevenueAmt |
| Exclusion | $222,277,636 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,996,217 | TotalAmt |
| Program Services | $72,996,217 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,356,695 | TotalAmt |
| Program Services | $6,356,695 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,709,922 | TotalAmt |
| Program Services | $1,325,556 | ProgramServicesAmt |
| Management And General | $2,024,844 | ManagementAndGeneralAmt |
| Fundraising | $359,522 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,781,034 | TotalAmt |
| Program Services | $75,092,627 | ProgramServicesAmt |
| Management And General | $26,963,065 | ManagementAndGeneralAmt |
| Fundraising | $4,725,342 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,287,774 | TotalAmt |
| Program Services | $14,445,588 | ProgramServicesAmt |
| Management And General | $1,513,447 | ManagementAndGeneralAmt |
| Fundraising | $328,739 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,393,183 | TotalAmt |
| Program Services | $10,579,369 | ProgramServicesAmt |
| Management And General | $5,382,188 | ManagementAndGeneralAmt |
| Fundraising | $431,626 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,121,999 | TotalAmt |
| Program Services | $5,189,453 | ProgramServicesAmt |
| Management And General | $1,674,429 | ManagementAndGeneralAmt |
| Fundraising | $258,117 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,988,509 | TotalAmt |
| Program Services | $7,645 | ProgramServicesAmt |
| Management And General | $6,978,274 | ManagementAndGeneralAmt |
| Fundraising | $2,590 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $516,071 | TotalAmt |
| Program Services | $36,478 | ProgramServicesAmt |
| Management And General | $479,593 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $632,700 | TotalAmt |
| Management And General | $632,700 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $198,571 | TotalAmt |
| Management And General | $198,571 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,137,443 | TotalAmt |
| Program Services | $3,669,733 | ProgramServicesAmt |
| Management And General | $6,355,162 | ManagementAndGeneralAmt |
| Fundraising | $1,112,548 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,251,513 | TotalAmt |
| Program Services | $3,151,102 | ProgramServicesAmt |
| Management And General | $1,990,170 | ManagementAndGeneralAmt |
| Fundraising | $110,241 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,441,722 | TotalAmt |
| Program Services | $4,963,310 | ProgramServicesAmt |
| Management And General | $346,395 | ManagementAndGeneralAmt |
| Fundraising | $132,017 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,300 | TotalAmt |
| Program Services | $1,300 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,239,626 | TotalAmt |
| Program Services | $374,711 | ProgramServicesAmt |
| Management And General | $6,859,393 | ManagementAndGeneralAmt |
| Fundraising | $5,522 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,095,484 | TotalAmt |
| Program Services | $1,855,112 | ProgramServicesAmt |
| Management And General | $2,039,389 | ManagementAndGeneralAmt |
| Fundraising | $200,983 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,737 | TotalAmt |
| Program Services | $28,275 | ProgramServicesAmt |
| Management And General | $8,759 | ManagementAndGeneralAmt |
| Fundraising | $703 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,065,324 | TotalAmt |
| Program Services | $16,065,324 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,130,126 | TotalAmt |
| Program Services | $22,309,922 | ProgramServicesAmt |
| Management And General | $2,327,045 | ManagementAndGeneralAmt |
| Fundraising | $493,159 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,576,003 | TotalAmt |
| Program Services | $2,576,003 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| BANK FEES | $16,397,358 | $16,384,112 | $8,995 | $4,251 |
| STUDY AWAY EXPENSES | $5,987,635 | $5,987,635 | ||
| EQUIPMENT RENTAL | $1,391,971 | $704,090 | $672,591 | $15,290 |
| PRINTING & MAILING | $366,082 | $144,093 | $45,762 | $176,227 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,090,023 | TotalAmt |
| Program Services | $737,713 | ProgramServicesAmt |
| Management And General | $6,985,570 | ManagementAndGeneralAmt |
| Fundraising | $366,740 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $347,192,022 | TotalAmt |
| Program Services | $264,982,063 | ProgramServicesAmt |
| Management And General | $73,486,342 | ManagementAndGeneralAmt |
| Fundraising | $8,723,617 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $212,220,452 | BOYAmt |
| EOY | $214,155,406 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,226,481 | BOYAmt |
| EOY | $41,161,987 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,861,427 | BOYAmt |
| EOY | $940,719 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $300,000 | BOYAmt |
| EOY | $300,000 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,472,471 | BOYAmt |
| EOY | $5,933,630 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $509,676 | BOYAmt |
| EOY | $473,045 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,250,188 | BOYAmt |
| EOY | $7,074,477 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $920,378,187 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $370,267,046 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $528,787,598 | BOYAmt |
| EOY | $550,111,141 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,106,045,000 | BOYAmt |
| EOY | $964,243,000 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,211,855,804 | BOYAmt |
| EOY | $1,946,168,727 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,125,529,097 | BOYAmt |
| EOY | $3,730,562,132 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,889,638 | BOYAmt |
| EOY | $122,833,621 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $956,822 | BOYAmt |
| EOY | $1,193,748 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,350,561 | BOYAmt |
| EOY | $14,530,535 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $230,495,877 | BOYAmt |
| EOY | $225,618,046 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $235,713,199 | BOYAmt |
| EOY | $233,211,380 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,321,379 | BOYAmt |
| EOY | $31,895,443 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $657,727,476 | BOYAmt |
| EOY | $629,282,773 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $990,577,846 | BOYAmt |
| EOY | $936,125,244 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,477,223,775 | BOYAmt |
| EOY | $2,165,154,115 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,467,801,621 | BOYAmt |
| EOY | $3,101,279,359 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,125,529,097 | BOYAmt |
| EOY | $3,730,562,132 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $127,648,608 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$512,011,977 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $17,841,107 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $63,618,206 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $35,590,693 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $86,543,194 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $68,183,815 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $60,807,794 | CurrentTaxYearAmt |
| Total | $314,743,702 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $63,618,206 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $35,590,693 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $86,543,194 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $68,183,815 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $60,807,794 | CurrentTaxYearAmt |
| Total | $314,743,702 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $10,908,707 | SubstantialContributorsTotAmt |
| Public Support Total170 | $303,834,995 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,940,884 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $23,975,225 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,899,290 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,992,901 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,893,756 | CurrentTaxYearAmt |
| Total | $70,702,056 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,299,040 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,652,667 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,372,721 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,575,733 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,371,692 | CurrentTaxYearAmt |
| Total | $44,271,853 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $429,717,611 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $821,820,233 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.70710 | PublicSupportCY170Pct |
| Public Support PY170 | 0.71390 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | AUXILIARY ENTERPRISES - 2017 AMOUNT: $ 6,960,355. 2018 AMOUNT: $ 4,241,133. 2019 AMOUNT: $ 4,970,992. 2020 AMOUNT: $ 3,078,229. 2021 AMOUNT: $ 2,641,956. OTHER REVENUE - 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 7,006,000. 2019 AMOUNT: $ 4,166,182. 2020 AMOUNT: $ 2,493,246. 2021 AMOUNT: $ 6,729,736. WELLESLEY COLLEGE CLUB - 2017 AMOUNT: $ 1,338,685. 2018 AMOUNT: $ 405,534. 2019 AMOUNT: $ 235,547. 2020 AMOUNT: $ 4,258. 2021 AMOUNT: $ 0. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,236,785,461 | BeginningYearBalanceAmt |
| Contributions | $23,310,440 | ContributionsAmt |
| Investment Earnings Or Losses | -$306,875,113 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $48,331,934 | GrantsOrScholarshipsAmt |
| Other Expenditures | $58,023,923 | OtherExpendituresAmt |
| End Year Balance | $2,846,864,931 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,285,397,056 | BeginningYearBalanceAmt |
| Contributions | $21,401,639 | ContributionsAmt |
| Investment Earnings Or Losses | $1,026,472,781 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $44,409,376 | GrantsOrScholarshipsAmt |
| Other Expenditures | $52,076,639 | OtherExpendituresAmt |
| End Year Balance | $3,236,785,461 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,173,415,000 | BeginningYearBalanceAmt |
| Contributions | $28,649,118 | ContributionsAmt |
| Investment Earnings Or Losses | $176,478,722 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $48,838,336 | GrantsOrScholarshipsAmt |
| Other Expenditures | $44,307,448 | OtherExpendituresAmt |
| End Year Balance | $2,285,397,056 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,105,211,700 | BeginningYearBalanceAmt |
| Contributions | $25,614,153 | ContributionsAmt |
| Investment Earnings Or Losses | $137,048,791 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $46,965,425 | GrantsOrScholarshipsAmt |
| Other Expenditures | $47,494,219 | OtherExpendituresAmt |
| End Year Balance | $2,173,415,000 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,930,751,111 | BeginningYearBalanceAmt |
| Contributions | $54,445,964 | ContributionsAmt |
| Investment Earnings Or Losses | $205,996,958 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $37,551,792 | GrantsOrScholarshipsAmt |
| Other Expenditures | $48,430,541 | OtherExpendituresAmt |
| End Year Balance | $2,105,211,700 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.30120 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.69880 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $35,424,350 | OtherCostOrOtherBasisAmt |
| Book Value | $35,424,350 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $839,394,005 | OtherCostOrOtherBasisAmt |
| Depreciation | $361,377,845 | DepreciationAmt |
| Book Value | $478,016,160 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,172,956 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,889,201 | DepreciationAmt |
| Book Value | $5,283,755 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $31,386,876 | OtherCostOrOtherBasisAmt |
| Book Value | $31,386,876 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $550,111,141 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PRIVATE EQUITY | $1,168,470,000 | F |
| REAL ASSETS | $180,382,000 | F |
| ABSOLUTE RETURN | $522,388,000 | F |
| MISCELLANEOUS OTHER | $74,928,727 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $1,946,168,727 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| GOVERNMENT LOAN ADVANCES | -$80,270 |
| ANNUITIES & UNITRUSTS PAYABLE | $31,975,713 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $31,895,443 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | -$112,483,857 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$512,011,977 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $17,841,107 | OtherRevenueAmt |
| Revenue Not Reported | -$494,170,870 | RevenueNotReportedAmt |
| Revenue Subtotal | $381,687,013 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $13,800,706 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $79,352,911 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $93,153,617 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $474,840,630 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $254,038,405 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $254,038,405 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $13,800,706 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $79,352,911 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $93,153,617 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $347,192,022 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | FINANCIAL STATEMENT FOOTNOTE REGARDING ART COLLECTION WELLESLEY COLLEGE DOES NOT REPORT AS REVENUE ANY GIFTS THAT ARE WORKS OF ART. IN ADDITION, THE COLLEGE DOES NOT CAPITALIZE WORKS OF ART AS ASSETS ON ITS BALANCE SHEET. THIS TREATMENT IS PERMITTED UNDER SFAS 116. THE COLLEGE'S AUDITED FINANCIAL STATEMENTS DO NOT CONTAIN A FOOTNOTE REGARDING WORKS OF ART, HISTORICAL TREASURE, OR OTHER SIMILAR ASSETS HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE. |
| PART III, LINE 4: | DESCRIPTION OF ORGANIZATION'S COLLECTION THE DAVIS MUSEUM AND CULTURAL CENTER HAS A PERMANENT COLLECTION OF APPROXIMATELY 17,000 OBJECTS DATING FROM ANCIENT TIMES TO PRESENT DAY. INCLUDED ARE PAINTINGS, SCULPTURES, DECORATIVE OBJECTS, AND WORKS ON PAPER REPRESENTING CULTURES AROUND THE WORLD. THE COLLECTION OF THE MUSEUM SERVES AS A VALUED TEACHING RESOURCE FOR STUDENTS AND FACULTY IN MULTIPLE DISCIPLINES. PROFESSORS FREQUENTLY ASSIGN STUDENTS TO SEE AND WRITE ABOUT PIECES BEING SHOWN IN THE MUSEUM; THE MUSEUM ALSO MAKES AVAILABLE WORKS FROM THE PERMANENT COLLECTION TO CLASSES MEETING IN THE MUSEUM. FUNDAMENTAL TO THE SPIRIT OF THESE EXERCISES IS THE STUDENTS' ENCOUNTERS WITH ORIGINAL WORKS OF ART. |
| PART V, LINE 4: | INTENDED USES OF ENDOWMENT FUNDS THE WELLESLEY COLLEGE ENDOWMENT PROVIDES CRITICAL FUNDING THAT SUPPORTS FINANCIAL AID AND FACULTY SALARIES, MAINTAINS AND EXPANDS FACILITIES, AND UNDERWRITES NEW INITIATIVES AND PROGRAMS. THE ENDOWMENT HAS GROWN TO PROVIDE APPROXIMATELY 40% OF OPERATING REVENUE. WELLESLEY COLLEGE'S STRONG AND PRUDENT FINANCIAL MANAGEMENT ENSURES THE PURCHASING POWER OF THE ENDOWMENT FOR GENERATIONS TO COME. THE TOP USES OF THE ENDOWMENT FOR FY2022 WERE FINANCIAL AID AND FACULTY SALARIES. |
| PART X, LINE 2: | THE COLLEGE HAS NO MATERIAL UNCERTAIN TAX PROVISIONS AS OF JUNE 30, 2022 AND 2021. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | MINIMUM PENSION LIABILITY 7,552,762. UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAP 10,288,345. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID INCLUDING PELL GRANTS 79,352,911. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID INCLUDING PELL GRANTS 79,352,911. |
| PART V, LINE 2 | WELLESLEY COLLEGE HAS ADOPTED ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS FOR NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2022 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF SCHEDULE D, LINE 2, WELLESLEY COLLEGE HAS REPORTED ENDOWMENT FUNDS WITHOUT DONOR RESTRICTIONS AS BOARD DESIGNATED OR QUASI-ENDOWMENT AND ENDOWMENT FUNDS WITH DONOR RESTRICTIONS AS PERMANENT ENDOWMENT, RESPECTIVELY. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | ALL COLLEGE PUBLICATIONS, INCLUDING RECRUITMENT BROCHURES AND CATALOGS, COURSE DESCRIPTION DOCUMENTS, THE COLLEGE'S WEBSITE, AND FACULTY AND STUDENT HANDBOOKS, ETC. OUTLINE THE INSTITUTION'S NONDISCRIMINATORY POLICY. |
| SCHEDULE E, PART I, LINE 6 | WELLESLEY COLLEGE PARTICIPATES IN VARIOUS STUDENT FINANCIAL AID PROGRAMS FROM THE U.S. DEPARTMENT OF EDUCATION, INCLUDING THE FOLLOWING PROGRAMS: PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, PERKINS LOANS, AND COLLEGE WORK-STUDY PROGRAMS. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (32 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | OfficesOfficesCnt | EmployeeEmployeeCnt |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | PROGRAM SERVICES | STUDY AWAY TUITION | $29,100 | ||
| EAST ASIA AND THE PACIFIC | PROGRAM SERVICES | STUDY AWAY TUITION | $58,340 | ||
| EUROPE (INCLUDING ICELAND AND GREENLAND) | PROGRAM SERVICES | STUDY AWAY TUITION | $3,367,363 | 1 | 6 |
| MIDDLE EAST AND NORTH AFRICA | PROGRAM SERVICES | STUDY AWAY TUITION | $45,422 | ||
| NORTH AMERICA | PROGRAM SERVICES | STUDY AWAY TUITION | $287,738 | ||
| SOUTH AMERICA | PROGRAM SERVICES | STUDY AWAY TUITION | $34,105 | ||
| SOUTH ASIA | PROGRAM SERVICES | STUDY AWAY TUITION | $19,300 | ||
| SUB-SAHARAN AFRICA | PROGRAM SERVICES | STUDY AWAY TUITION | $117,938 | ||
| EUROPE (INCLUDING ICELAND AND GREENLAND) | PROGRAM SERVICES | STUDY AWAY PROGRAM | $1,697,400 | ||
| NORTH AMERICA | PROGRAM SERVICES | STUDY AWAY PROGRAM | $9,435 | ||
| CENTRAL AMERICA AND THE CARIBBEAN | PROGRAM SERVICES | INTERNSHIPS | $250 | ||
| NORTH AMERICA | PROGRAM SERVICES | INTERNSHIPS | $19,350 | ||
| EAST ASIA AND THE PACIFIC | PROGRAM SERVICES | INTERNSHIPS | $99,532 | ||
| EUROPE (INCLUDING ICELAND AND GREENLAND) | PROGRAM SERVICES | INTERNSHIPS | $229,146 | ||
| MIDDLE EAST AND NORTH AFRICA | PROGRAM SERVICES | INTERNSHIPS | $25,750 | ||
| RUSSIA AND THE NEWLY INDEPENDENT STATES | PROGRAM SERVICES | INTERNSHIPS | $6,450 | ||
| SOUTH AMERICA | PROGRAM SERVICES | INTERNSHIPS | $20,500 | ||
| SOUTH ASIA | PROGRAM SERVICES | INTERNSHIPS | $10,250 | ||
| SUB-SAHARAN AFRICA | PROGRAM SERVICES | INTERNSHIPS | $44,000 | ||
| CENTRAL AMERICA AND THE CARIBBEAN | PROGRAM SERVICES | FINANCIAL AID | $164,076 | ||
| NORTH AMERICA | PROGRAM SERVICES | FINANCIAL AID | $819,468 | ||
| EAST ASIA AND THE PACIFIC | PROGRAM SERVICES | FINANCIAL AID | $824,937 | ||
| EUROPE (INCLUDING ICELAND AND GREENLAND) | PROGRAM SERVICES | FINANCIAL AID | $603,289 | ||
| MIDDLE EAST AND NORTH AFRICA | PROGRAM SERVICES | FINANCIAL AID | $463,072 | ||
| RUSSIA AND THE NEWLY INDEPENDENT STATES | PROGRAM SERVICES | FINANCIAL AID | $667,686 | ||
| SOUTH AMERICA | PROGRAM SERVICES | FINANCIAL AID | $748,785 | ||
| SOUTH ASIA | PROGRAM SERVICES | FINANCIAL AID | $543,099 | ||
| SUB-SAHARAN AFRICA | PROGRAM SERVICES | FINANCIAL AID | $1,522,283 | ||
| EAST ASIA AND THE PACIFIC | INVESTMENT | INVESTMENT | $181,189,447 | ||
| EUROPE (INCLUDING ICELAND AND GREENLAND) | INVESTMENT | INVESTMENT | $156,891,391 | ||
| MIDDLE EAST AND NORTH AFRICA | INVESTMENT | INVESTMENT | $107,827,886 | ||
| NORTH AMERICA | INVESTMENT | INVESTMENT | $26,656,671 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 6 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 6 | TotalEmployeeCnt |
| Subtotal Spent | $3,959,306 | SubtotalSpentAmt |
| Continuation Spent | $481,084,153 | ContinuationSpentAmt |
| Total Spent | $485,043,459 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (9 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|---|
| FINANCIAL AID | CENTRAL AMERICA AND THE CARIBBEAN | 2 | $164,076 | CR. TO ACCT. |
| FINANCIAL AID | NORTH AMERICA | 10 | $819,468 | CR. TO ACCT. |
| FINANCIAL AID | EAST ASIA AND THE PACIFIC | 13 | $824,937 | CR. TO ACCT. |
| FINANCIAL AID | EUROPE (INCLUDING ICELAND & GREENLAND) | 8 | $603,289 | CR. TO ACCT. |
| FINANCIAL AID | MIDDLE EAST AND NORTH AFRICA | 6 | $463,072 | CR. TO ACCT. |
| FINANCIAL AID | RUSSIA AND NEWLY INDEPENDENT STATES | 8 | $667,686 | CR. TO ACCT. |
| FINANCIAL AID | SOUTH AMERICA | 9 | $748,785 | CR. TO ACCT. |
| FINANCIAL AID | SOUTH ASIA | 8 | $543,099 | CR. TO ACCT. |
| FINANCIAL AID | SUB-SAHARAN AFRICA | 19 | $1,522,283 | CR. TO ACCT. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | Yes (1) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | MONITORING USE OF FUNDS THE COLLEGE AWARDS AID TO MEET 100% OF A STUDENT'S DEMONSTRATED NEED. ALL AID IS CREDITED TO THE STUDENT'S ACCOUNT. IF THE STUDENT WITHDRAWS FROM WELLESLEY, THE AID IS ADJUSTED ACCORDINGLY. PAYMENTS IN CONNECTION WITH A STUDY ABROAD PROGRAM ARE MADE WHILE THE STUDENT IS LIVING OUTSIDE THE UNITED STATES. HOWEVER, AT THE TIME THE PAYMENT IS MADE, THE STUDENT IS A RESIDENT OF THE UNITED STATES. |
| PART III ACCOUNTING METHOD: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| FINANCIAL AID | 1341 | $70,458,152 |
| FINANCIAL AID - EMERGENCY RELIEF FUNDS | 1329 | $2,538,065 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | MONITORING USE OF FUNDS THE COLLEGE AWARDS AID TO MEET 100% OF A STUDENT'S DEMONSTRATED NEED. ALL AID IS CREDITED TO THE STUDENT'S ACCOUNT. IF THE STUDENT WITHDRAWS FROM WELLESLEY, THE AID IS ADJUSTED ACCORDINGLY. FOR INTERNSHIPS, THE COLLEGE IS IN CONTACT WITH THE ORGANIZATIONS PROVIDING THE INTERNSHIP TO ENSURE THAT HIGH-QUALITY PROGRAMS ARE PROVIDED TO THE STUDENTS. |
| PART III, LINE 2: | HIGHER EDUCATION EMERGENCY RELIEF FUND IN FISCAL YEAR 2021, THE COLLEGE WAS AWARDED A SECOND ROUND OF FUNDING FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND II (HEERF II) UNDER SECTION 341(A)(1) OF THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT, 2021 (CRRSAA). THE COLLEGE RECEIVED $985,000 TO PROVIDE ADDITIONAL EMERGENCY FINANCIAL AID GRANTS TO STUDENTS. THE COLLEGE DISBURSED $968,000 TO STUDENTS IN FISCAL YEAR 2021, AND WILL DISBURSE THE REMAINING $17,000 TO STUDENTS IN FISCAL YEAR 2022. DURING FISCAL YEAR 2022, THE COLLEGE WAS AWARDED A THIRD ROUND OF FUNDING UNDER THE HIGHER EDUCATION EMERGENCY RELIEF FUND III (HEERF III) UNDER SECTION 2003(A)(1) OF THE AMERICAN RESCUE PLAN ACT FOR EMERGENCY FINANCIAL AID GRANTS TO STUDENTS. THE COLLEGE RECEIVED A TOTAL OF $2,521,065 OF FUNDING AND DISBURSED THE ENTIRE AMOUNT TO STUDENTS DURING THE FISCAL YEAR. THE COLLEGE ALSO RECEIVED AND UTILIZED $2,521,065 OF THE INSTITUTIONAL PORTION AWARDED IN FISCAL YEAR 2022. BOTH PORTIONS OF FUNDING ARE RECORDED IN THE GOVERNMENT GRANTS SECTION OF THE STATEMENT OF ACTIVITIES. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | Yes (1) | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DEBORAH F KUENSTNER | ||||||||||||||
| CHIEF INVESTMENT OFFICER | $561,962 | $0 | $425,400 | $0 | $3,168 | $0 | $26,100 | $0 | $28,360 | $0 | $1,044,990 | $0 | $0 | $0 |
| ROSE C CARPENTER | ||||||||||||||
| MANAGING DIRECTOR TO DEPUTY CIO | $413,462 | $0 | $530,000 | $0 | $450 | $0 | $26,100 | $0 | $31,704 | $0 | $1,001,716 | $0 | $0 | $0 |
| RAY OQUENDO | ||||||||||||||
| CHIEF OPERATING OFFICER | $382,124 | $0 | $430,000 | $0 | $1,780 | $0 | $29,250 | $0 | $27,666 | $0 | $870,820 | $0 | $0 | $0 |
| PAULA A JOHNSON | ||||||||||||||
| PRESIDENT | $590,203 | $0 | $1,000 | $0 | $44,006 | $0 | $29,450 | $0 | $100,120 | $0 | $764,779 | $0 | $0 | $0 |
| GREG ROZOLSKY | ||||||||||||||
| INVESTMENT DIRECTOR | $269,587 | $0 | $206,200 | $0 | $275 | $0 | $19,314 | $0 | $20,559 | $0 | $515,935 | $0 | $0 | $0 |
| ANDREW SHENNAN | ||||||||||||||
| PROVOST AND DEAN OF COLLEGE | $300,601 | $0 | $31,000 | $0 | $2,045 | $0 | $20,549 | $0 | $103,656 | $0 | $457,851 | $0 | $0 | $0 |
| MATTHEW VEILEUX | ||||||||||||||
| INVESTMENT DIRECTOR | $226,844 | $0 | $167,560 | $0 | $1,202 | $0 | $18,125 | $0 | $11,230 | $0 | $424,961 | $0 | $0 | $0 |
| KAREN PETRULAKIS | ||||||||||||||
| GENERAL COUNSEL | $358,154 | $0 | $6,000 | $0 | $1,645 | $0 | $22,834 | $0 | $24,630 | $0 | $413,263 | $0 | $0 | $0 |
| PIPER ORTON | ||||||||||||||
| VP FOR FIN. & ADMIN. & TREAS. | $361,256 | $0 | $1,000 | $0 | $4,808 | $0 | $22,306 | $0 | $10,188 | $0 | $399,558 | $0 | $0 | $0 |
| MARY CASEY | ||||||||||||||
| VP FOR DEVELOPMENT & PUB. AFF. | $349,446 | $0 | $1,000 | $0 | $1,584 | $0 | $22,345 | $0 | $21,780 | $0 | $396,155 | $0 | $0 | $0 |
| SHEILAH HORTON | ||||||||||||||
| DEAN OF STUDENTS | $259,179 | $0 | $1,000 | $0 | $1,715 | $0 | $18,104 | $0 | $87,493 | $0 | $367,491 | $0 | $0 | $0 |
| JOY ST JOHN | ||||||||||||||
| DEAN-ADMISS. & STU. FIN. SVCS | $235,975 | $0 | $1,000 | $0 | $549 | $0 | $16,611 | $0 | $27,139 | $0 | $281,274 | $0 | $0 | $0 |
| MEGAN NUNEZ | ||||||||||||||
| DEAN OF FACULTY AFFAIRS | $231,696 | $0 | $1,000 | $0 | $338 | $0 | $16,332 | $0 | $21,516 | $0 | $270,882 | $0 | $0 | $0 |
| MICHAEL JEFFRIES | ||||||||||||||
| DEAN OF ACADEMIC AFF. | $216,320 | $0 | $1,000 | $0 | $209 | $0 | $14,257 | $0 | $21,467 | $0 | $253,253 | $0 | $0 | $0 |
| ANN VELENCHIK | ||||||||||||||
| FORMER DEAN OF ACADEMIC AFF. | $205,974 | $0 | $1,000 | $0 | $8,795 | $0 | $14,347 | $0 | $21,431 | $0 | $251,547 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | BENEFITS PROVIDED WELLESLEY COLLEGE'S POLICY IS THAT THE COLLEGE WILL NOT PAY FOR OR REIMBURSE THE TRAVEL, MEALS, OR EXPENSES OF THE SPOUSE/PARTNER OF AN EMPLOYEE WITH THE EXCEPTION OF THE PRESIDENT. SPECIFICALLY, WHILE PERFORMING HER OFFICIAL DUTIES IN THE AREA OF DEVELOPMENT, ALUMNAE RELATIONS, AND OTHER BUSINESS OF THE COLLEGE, THE PRESIDENT MAY BE ACCOMPANIED BY HER SPOUSE, WHO IS EXPECTED TO MAKE AN IMPORTANT CONTRIBUTION TO ACHIEVING THE PURPOSES OF THE TRAVEL OR EVENTS. IN THOSE CASES, THE COLLEGE'S POLICY IS TO AUTHORIZE THE PAYMENT OF ALL TRAVEL AND RELATED EXPENSES OF THE PRESIDENT'S SPOUSE. THE COLLEGE PROVIDES ON-CAMPUS HOUSING TO CERTAIN EMPLOYEES AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE AND BENEFIT OF THE COLLEGE. THE PRESIDENT, PROVOST AND DEAN OF COLLEGE, AND VICE PRESIDENT AND DEAN OF STUDENTS EACH RECEIVE HOUSING. THE AMOUNT OF THIS HOUSING IS NOT TAXABLE AND IS NOT INCLUDED IN THEIR W-2. THE HOUSING REQUIREMENT AS A CONDITION OF EMPLOYMENT IS DOCUMENTED IN THE EMPLOYEE'S FILES. THE COLLEGE WILL NOT PAY FOR PERSONAL SERVICES WITH THE EXCEPTION OF THE PRESIDENT'S HOUSE. SINCE THE PRESIDENT'S HOUSE IS USED EXTENSIVELY FOR COLLEGE BUSINESS, HOUSEKEEPING SERVICES ARE PROVIDED FOR THE GENERAL SPACE. A CHEF WILL BE AT THE PRESIDENT'S HOUSE TO PROVIDE MEALS FOR BUSINESS PURPOSE FUNCTIONS. PERSONAL SERVICES PROVIDED TO EMPLOYEES AREAPPROPRIATELY REPORTED AS TAXABLE COMPENSATION. |
| PART I, LINE 6 | PAYMENTS CONTINGENT OF NET EARNINGS EMPLOYEES IN THE INVESTMENT OFFICE HAVE AN INCENTIVE PERFORMANCE-RELATED BONUS SYSTEM BASED ON THE INVESTMENT PERFORMANCE OF THE WELLESLEY COLLEGE ENDOWMENT. TOTAL COMPENSATION IS REVIEWED IN COMPARISON TO MARKET DATA PROVIDED BY INDEPENDENT THIRD PARTIES. |
| PART I, LINE 7 | NONFIXED PAYMENTS EMPLOYEES OTHER THAN INVESTMENT OFFICE EMPLOYEES ARE ABLE TO RECEIVE MERIT-BASED BONUS COMPENSATION. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MHEFA 2008 SERIES I | ||||||||
| A | 042456011 | 57586CP25 | 2008-01-31 | $57,385,000 | CONSTRUCTION - REFINANCING 1999 ISSUE | 0 | 0 | 0 |
| MDEFA 2018 SERIES L | ||||||||
| B | 043431814 | 57584YES4 | 2018-03-29 | $105,663,450 | CONSTRUCTION - REFINANCING 1999 ISSUE | 0 | 0 | 0 |
| MDEFA 2022 SERIES M | ||||||||
| C | 043431814 | 57584Y2L2 | 2022-04-05 | $50,862,192 | CONSTRUCTION - REFINANCING 2012 ISSUE | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | RetiredRetiredAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $57,385,000 | $530,057 | $25,447,000 | $31,407,943 | 2010 | 0 | Yes (1) | Yes (1) | Yes (1) | |
| B | $96,500,000 | $832,680 | $90,842,320 | $4,825,000 | 2020 | Yes (1) | 0 | Yes (1) | Yes (1) | $4,585,000 |
| C | $44,960,000 | $491,488 | $44,468,512 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) | |
| C | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JP MORGAN | ||||||||||||
| A | 0 | 0 | 0 | Yes (1) | Yes (1) | Yes (1) | 31.440000000000 | 0 | 0 | 0 | 0 | Yes (1) |
| (no name) | ||||||||||||
| B | 0 | Yes (1) | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) | |||
| (no name) | ||||||||||||
| C | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART II, LINE 3: | COLUMN B MHEFA 2008 SERIES L THE PROCEEDS OF THE BONDS ARE USED TO REFUND THE OUTSTANDING PRINCIPAL AMOUNT OF THE SERIES E BONDS. PRINCIPAL AMOUNT OF THE BONDS $ 96,500,000 NET ORIGINAL ISSUE PREMIUM $ 9,163,450 TOTAL $105,663,450 COLUMN C MHEFA 2008 SERIES M THE PROCEEDS OF THE BONDS ARE USED TO REFUND THE OUTSTANDING PRINCIPAL AMOUNT OF THE SERIES J BONDS. PRINCIPAL AMOUNT OF THE BONDS $ 44,960,000 NET ORIGINAL ISSUE PREMIUM $ 5,902,192 TOTAL $ 50,682,192 |
| SCHEDULE K, PART III, LINES 3C AND 3D: | COLUMN A - MHEFA 2008 SERIES I THERE ARE RESEARCH AGREEMENTS THAT INVOLVE THE USE OF BOND FINANCED SPACE WHICH THE COLLEGE ROUTINELY ENGAGES BOND COUNSEL TO REVIEW WHETHER ANY RESEARCH AGREEMENTS RESULT IN PRIVATE BUSINESS USE. BASED ON REVIEW, NO KNOWN PRIVATE BUSINESS USE IS EVIDENT. |
| SCHEDULE K, PART III, LINE 9: | UNDER REGULATION SECTIONS 1.141-12 AND 1.145-2, WELLESLEY COLLEGE HAS ESTABLISHED WRITTEN PROCEDURES AS OF OCTOBER 3, 2014. |
| SCHEDULE K, PART IV, LINE 2: | COLUMN A - MHEFA 2008 SERIES I THE MHEFA 2008 SERIES I BOND ISSUE REBATE CALCULATION WAS PERFORMED FEBRUARY 3, 2023. COLUMN B - MDFA 2018 SERIES L THE FIRST REBATE CALCULATION FOR THE MDFA SERIES L BOND WAS PERFORMED AUGUST 2, 2022. COLUMN B - MDFA 2022 SERIES M THE MDFA SERIES M BOND WAS ISSUED IN FEBRUARY 2022. THE REBATE IS NOT DUE YET. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANDREW SHENNAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Org | OFFICER | RelationshipWithOrgTxt |
| Loan Purpose | MORTGAGE | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $300,000 | OriginalPrincipalAmt |
| Balance Due | $300,000 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $300,000 | TotalBalanceDueAmt |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 75 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV/$0 FOR TRACKING | MethodOfDeterminingRevenuesTxt |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV/$0 FOR TRACKING | MethodOfDeterminingRevenuesTxt |
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV/$0 FOR TRACKING | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 153 | ContributionCnt |
| Noncash Contributions Rpt F990 | $3,742,610 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | SELLING PRICE/FMV | MethodOfDeterminingRevenuesTxt |
Historical Artifacts HistoricalArtifactsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV/$0 FOR TRACKING | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | SCIENTIFIC EQUIP. | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV/$0 FOR TRACKING | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 6 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | WELLESLEY COLLEGE REPORTS THE NUMBER OF CONTRIBUTIONS IN PART I, COLUMN (B). |
| PART I, LINE 32B: | USE OF THIRD PARTIES WELLESLEY COLLEGE USES A SECURITIES BROKER TO SELL ALL DONATED PUBLICLY TRADED SECURITIES. THE FEES CHARGED BY THE BROKER ARE AT FAIR MARKET VALUE. |
| SCHEDULE M, PART I, LINE 33: | ACCOUNTING FOR WORKS OF ART WELLESLEY COLLEGE DOES NOT REPORT AS REVENUE ANY GIFTS THAT ARE WORKS OF ART. IN ADDITION, THE COLLEGE DOES NOT CAPITALIZE WORKS OF ART AS ASSETS IN ITS BALANCE SHEET. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 REVIEW FORM 990 WAS PREPARED BY AN OUTSIDE PUBLIC ACCOUNTING FIRM AND REVIEWED BY THE COLLEGE'S FINANCE OFFICE. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS FORM 990 AND ALL REQUIRED SCHEDULES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990 AND ALL REQUIRED SCHEDULES ARE ALSO DISTRIBUTED TO THE FULL BOARD OF TRUSTEES BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 PROVIDED TO GOVERNING BODY THE COLLEGE HAS DISTRIBUTED FORM 990 TO THE FULL BOARD OF TRUSTEES WITH THE EXCEPTION OF DONOR INFORMATION ON SCHEDULE B. BECAUSE OF SCHEDULE B'S PRIVATE AND CONFIDENTIAL NATURE, THE COLLEGE HAS CHOSEN NOT TO DISCLOSE THE IDENTITIES AND ADDRESSES OF ITS DONORS. AS SUCH, WE ARE REQUIRED TO ANSWER THE QUESTION ON LINE 11A "NO" EVEN THOUGH THE BOARD RECEIVES ALL OF FORM 990 EXCEPT FOR DONORS' NAMES AND ADDRESSES. |
| FORM 990, PART VI, SECTION B, LINE 12C | MONITORING AND ENFORCEMENT OF CONFLICT POLICY CONFLICT OF INTEREST POLICIES ARE IN PLACE FOR TRUSTEES, OFFICERS, EXTERNAL INVESTMENT COMMITTEE MEMBERS, AND ALL EMPLOYEES. TRUSTEES AND OFFICERS ARE REQUIRED TO DISCLOSE - AT LEAST AS OFTEN AS ANNUALLY AND WHENEVER A POTENTIAL CONFLICT ISSUE ARISES - FINANCIAL OR PERSONAL INTERESTS WHICH MAY GIVE RISE TO CONFLICTS. THE CLERK OF THE BOARD OF TRUSTEES PROVIDES AN ANNUAL REPORT TO THE TRUSTEES SUMMARIZING THE CONFLICT OR POTENTIAL CONFLICTS ISSUES. AT LEAST ANNUALLY, THE TRUSTEES REVIEW THE COLLEGE'S RELATIONSHIPS WITH SIGNIFICANT VENDORS OR SERVICE PROVIDERS SERVING THE COLLEGE TO ASSURE THAT SUCH RELATIONSHIPS ARE IN THE BEST INTEREST OF THE COLLEGE AND ARE OTHERWISE CONSISTENT WITH THE TERMS OF THE CONFLICT OF INTEREST POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION REVIEW AND APPROVAL THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS OF THE COLLEGE IS DETERMINED BY THE TALENT AND COMPENSATION COMMITTEE, A SUBCOMMITTEE OF THE BOARD OF TRUSTEES. THE TALENT AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES UTILIZES INDEPENDENT EXTERNAL CONSULTANTS TO ASSIST WITH BOTH THE REVIEW OF COMPENSATION GUIDELINES AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6, INCLUDING CONTEMPERANEOUS DOCUMENTATION OF COMPENSATION DECISIONS. KEY EMPLOYEES ARE COMPENSATED BASED UPON THE GUIDELINES THE COLLEGE HAS FOR ADMINISTRATIVE AND FACULTY EMPLOYEES. THESE GUIDELINES INCLUDE REVIEW OF THE MARKET BY LOOKING AT SALARIES FOR COMPARABLE POSITIONS AS WELL AS A MERIT PROGRAM BASED ON PERFORMANCE. COMPENSATION DECISIONS ARE MADE BY PERSONS WHO ARE INDEPENDENT OF THE EMPLOYEES FOR WHOM THE COMPENSATION IS BEING DETERMINED. |
| FORM 990, PART VI, SECTION C, LINE 19 | AVAILABILITY OF DOCUMENTS A COPY OF THE BUSINESS CONDUCT POLICY WHICH INCLUDES THE CONFLICT OF INTEREST POLICY IS GIVEN TO ALL NEW EMPLOYEES UPON HIRE. BOTH THE BUSINESS CONDUCT POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE. THE COLLEGE'S ORGANIZING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART X, LINES 27, 28, AND 29 | WELLESLEY COLLEGE HAS ADOPTED ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2022 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF FORM 990, PART X, LINES 27, 28, AND 29, WELLESLEY COLLEGE HAS REPORTED NET ASSETS WITHOUT DONOR RESTRICTIONS AS UNRESTRICTED NET ASSETS AND NET ASSETS WITH DONOR RESTRICTIONS AS PERMANANTLY RESTRICTED NET ASSETS, RESPECTIVELY. |
| FORM 990, PART XI, LINE 9: | UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAP 7,552,762. MINIMUM PENSION LIABILITY 10,288,345. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELLESLEY COLLEGE FOUNDATION UK LIMITED | BusinessNameLine1Txt |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19 NORCOTT ROAD | AddressLine1Txt |
| City | LONDON | CityNm |
| Country | UK | CountryCd |
| Foreign Postal | N16 7EJ | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 981196154 | EIN |
| Primary Activities | EDUCATION | PrimaryActivitiesTxt |
| Legal Domicile Foreign Country | UK | LegalDomicileForeignCountryCd |
| Total Income | $249,796 | TotalIncomeAmt |
| End Of Year Assets | $707 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELLESLEY | BusinessNameLine1Txt |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|
| POOLED INCOME FUNDS (5) | |||
| SUPPORT | MA | T | Yes (1) |
| CHARITABLE REMAINDER TRUSTS (2) | |||
| SUPPORT | MA | T | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| POOLED INCOME FUNDS (5) | ||
| S | $439,828 | ACCRUAL |
| CHARITABLE REMAINDER TRUSTS (2) | ||
| S | $2,711,548 | ACCRUAL |
Comments