2022-11-14T09:03:10-06:00 2022-06-30 043027605 SAMET & COMPANY PC 1330 BOYLSTON STREET CHESTNUT HILL MA 024672111 990 2021-07-01 042152598 WELLESLEY STUDENTS AID SOCIETY INC WELL 7812832292 106 CENTRAL STREET WELLESLEY MA 02481 JAMIE SABINO PRESIDENT 7812832292 2022-11-09 1 JAMIE SABINO 999009999 JOHN J CZYZEWSKI CPA P01243012 6177311222 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CATHERINE KEFALAS 106 CENTRAL STREET WELLESLEY MA 02481 16205657 0 X WELLESLEY.EDU/STUDENTSAID X 1916 MA PROVIDE LOANS AND OTHER MEANS OF SUPPORT TO WELLESLEY COLLEGE STUDENTS WITH DEMONSTRATED NEED. SUPPLEMENTING WELLESLEY COLLEGE'S FINANCIAL AID PROGRAMS. 15 15 0 0 0 0 518122 1143564 36214 31893 13097316 2078056 0 0 13651652 3253513 663832 783269 0 0 0 0 0 0 54926 900876 784126 1564708 1567395 12086944 1686118 47178569 41290339 0 0 47178569 41290339 PROVIDING FINANCIAL ASSISTANCE TO WELLESLEY COLLEGE STUDENTS WHO DEMONSTRATE A FINANCIAL NEED. 0 0 1209866 783269 31893 THE SOCIETY WAS FOUNDED IN 1878 FOR THE PURPOSE OF PROVIDING FUNDS FOR WOMEN WHO COULD NOT AFFORD A WELLESLEY EDUCATION. MORE THAN 135 YEARS LATER, THE SOCIETY CONTINUES AS A VIBRANT, INDEPENDENT CORPORATION THAT IS SUPPORTED BY ALUMNAE AND FRIENDS. ITS PURPOSE HAS NOT CHANGED SINCE INCEPTION, ALTHOUGH STUDENTS ARE NOW SUPPORTED IN A VARIETY OF WAYS. THE SOCIETY PROVIDES TUITION GRANTS, SHORT-TERM AND NO INTEREST LOANS, EMERGENCY FUNDS FOR STUDENTS FACING UNFORSEEN DIFFICULTIES, AND TEXT BOOK SUPPORT. 1209866 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 MA X CATHERINE KEFALAS 7812832292 106 CENTRAL STREET WELLESLEY MA 02481 X JAMIE SABINO PRESIDENT 2.00 X X 0 0 0 TANYA M ROY TREASURER 1.00 X X 0 0 0 MILENA MAREVA DIRECTOR 1.00 X X 0 0 0 ESTEFANIA LAMAS-HERNANDEZ SECRETARY 1.00 X X 0 0 0 MICHELLE GILLETT DIRECTOR 0.50 X 0 0 0 STANLEY CHANGE FACULTY REP 0.50 X 0 0 0 BETH BERNHARDT DIRECTOR 0.50 X 0 0 0 MALIKA JEFFRIES DIRECTOR 0.50 X 0 0 0 IRENE MATA FACULTY REP 0.50 X 0 0 0 HEATHER KISPERT HAGERTY DIRECTOR 0.50 X 0 0 0 ANN-MARIE LAWLOR DIRECTOR 0.50 X 0 0 0 DENISE ROBBI-ARENA VICE PRESIDENT 0.50 X X 0 0 0 ANHAR MULLA DIRECTOR 0.50 X 0 0 0 ERIN KONKLE STAFF REP 0.50 X 0 0 0 DANA SUNDBLAD SECRETARY 1.00 X X 0 0 0 0 0 0 0 0 0 0 WELLESLEY COLLEGE 106 CENTRAL STREET WELLESLEY MA 02481 MANAGEMENT AND ADMIN 405367 1 1143564 29109 1143564 LOAN INTEREST 522299 31893 31893 31893 2928 2928 15027272 12952144 2075128 2075128 2075128 3253513 31893 0 2078056 680000 680000 103269 103269 359351 243073 89445 26833 19641 19641 109973 109973 47852 47852 9181 9181 49646 1624 19929 28093 542 542 1664 1664 STUDENT SERVICES 143619 143619 GIFTS 29100 29100 ADMINISTRATION 13557 13557 1567395 1209866 302603 54926 433836 824572 495400 725075 1469590 1536865 3793 1648 2686 2145 4906803 9479440 39870254 28722242 47178569 41290339 0 0 X 46539668 40618027 638901 672312 47178569 41290339 47178569 41290339 1686118 -7574348 0 X X 0 1 X 1 0 X 339639 421319 740712 518122 1143564 3163356 339639 421319 740712 518122 1143564 3163356 3163356 35781 25308 30737 36214 31893 159933 3323289 0.95190 0.93660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 638901 46156 12745 672312 574615 87155 22869 638901 521765 61129 8279 574615 527292 30042 35569 521765 493851 57975 24534 527292 0 0 3793 1648 2145 2145 PASSIVE BOND MARKET CTF 9718310 F S&P 500 R INDEX 15248952 F MSCI EAFE INDEX SL CTF 3754980 F 28722242 X -4391300 -7574348 -7574348 3183048 80797 -10332 70465 3253513 1414006 0 1414006 80797 72592 153389 1567395 PART V, LINE 4: TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS OF WELLESLEY COLLEGE. PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD HAS ISSUED A STANDARD THAT CLARIFIES THE ACCOUNTING AND RECOGNITION OF INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE SOCIETY'S TAX RETURNS. THE SOCIETY HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE SOCIETY BELIEVES THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE SOCIETY'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE SOCIETY HAS NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN TAX POSITIONS. IF THE SOCIETY INCURS INTEREST OR PENALTIES, AS A RESULT OF UNRECOGNIZED TAX POSITIONS, THE POLICY IS TO CLASSIFY INTEREST ACCRUED WITH INTEREST EXPENSE AND PENALTIES THEREON WITH GENERAL AND ADMINISTRATIVE EXPENSES. THE SOCIETY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: ACCRUAL TO CASH ADJUSTMENTS -10,332. PART XII, LINE 4B - OTHER ADJUSTMENTS: ACCRUAL TO CASH ADJUSTMENTS 72,592. 1 WELLESLEY COLLEGE 106 CENTRAL STREET WELLESLEY MA 02481 042103617 501(C)(3) 680000 0 BOOK VALUE SCHOLARSHIPS 1 SCHOLARSHIPS 77 103269 BOOK VALUE PART I, LINE 2: THE ORGANIZATION CAN, AT ANY TIME, REQUEST LISTS OF SCHOLARSHIP RECIPIENTS AND OTHER SUPPORTING DOCUMENTATION TO ENSURE GRANT FUNDS ARE BEING USED FOR THEIR INTENDED PURPOSE. X 29109 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH THE INFORMATION PROVIDED BY MANAGEMENT. PRIOR TO FILING FORM 990 WITH THE INTERNAL REVENUE SERVICE, A COPY OF THE COMPLETE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD FOR REVIEW. FORM 990, PART VI, SECTION C, LINE 19 WELLESLEY STUDENTS AID SOCIETY MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 AND FINANCIAL STATEMENTS MAY ALSO BE VIEWED AT THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL. PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.