2024-05-09T10:35:39-05:00 2023-06-30 131459550 MAZARS USA LLP 1330 BOYLSTON STREET CHESTNUT HILL MA 02467 990 2022-07-01 042152598 WELLESLEY STUDENTS AID SOCIETY INC WELL 7812832292 106 CENTRAL STREET WELLESLEY MA 02481 TANYA M ROY TREASURER 7812832292 2024-05-09 1 TANYA ROY 999009999 0 TAMAR PLOTZKER P02047230 6177311222 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CATHERINE KEFALAS 106 CENTRAL STREET WELLESLEY MA 02481 3213639 0 X WELLESLEY.EDU/STUDENTSAID X 1878 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 15 0 0 1143564 530704 31893 20980 2078056 8019 0 0 3253513 559703 783269 1057199 0 0 0 312136 0 0 34971 784126 180672 1567395 1550007 1686118 -990304 41290339 44437094 0 28925 41290339 44408169 X THE WELLESLEY STUDENTS' AID SOCIETY, INC. IS AN ORGANIZATION DEDICATED TO PROVIDING FINANCIAL AND PERSONAL SUPPORT TO WELLESLEY STUDENTS. STUDENTS RECEIVE AID IN MANY WAYS, FROM TUITION GRANTS AND LOANS ADMINISTERED BY STUDENT FINANCIAL SERVICES, TO EMERGENCY AID, AMAZON.COM GIFT CARDS, SHORT-TERM LOANS AND SENIOR GIFTS THAT ARE DISTRIBUTED DIRECTLY TO STUDENTS WHEN THEY COME TO THE STUDENTS' AID SOCIETY OFFICE. FLEXIBILITY ENABLES THE SOCIETY TO RESPOND TO STUDENTS' NEEDS AS THEY CHANGE OVER THE YEARS. 0 0 1270428 1057199 20980 FOR OVER 100 YEARS WSAS HAS REMAINED DEDICATED TO GIVING WELLESLEY COLLEGE STUDENTS THE FINANCIAL FREEDOM TO SUCCEED IN COLLEGE AND BEYOND. DURING FISCAL YEAR 2023, WSAS PROVIDED VITAL TUITION SUPPORT FOR 869 STUDENTS WITH $760,000 IN TUITION GRANTS AND $242,916 IN TUITION LOANS. THROUGH THE WSAS' STUDENT SERVICES GRANTS PROGRAM, WSAS AWARDED $61,712 IN GRANTS TO COLLEGE DEPARTMENTS TO AID FUNDING OF DEPARTMENT-SPECIFIC PROGRAMMING FOR STUDENTS. WSAS ALSO PROVIDED $20,464 IN SHORT-TERM LOANS AND $32,030 IN GRANTS FOR STUDENTS FACING AN EMERGENCY OR UNEXPECTED EXPENSES. FOR STUDENTS ON FINANCIAL AID, WSAS AWARDED $20,000 IN WINTER CLOTHING GRANTS (200 STUDENTS), $150,000 IN AMAZON.COM GIFT CARDS (1,500 STUDENTS), AND $31,900 IN SENIOR COMMENCEMENT GIFTS (319 STUDENTS). IN THESE AND MANY OTHER WAYS, WSAS OPENS THE POSSIBILITY OF A WELLESLEY COLLEGE EDUCATION TO SMART, DEDICATED STUDENTS OF ALL MEANS. 1270428 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 0 0 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 1 1 1 0 1 0 0 0 MA X CATHERINE KEFALAS 7812832292 106 CENTRAL STREET WELLESLEY MA 02481 JAMIE SABINO PRESIDENT 2.00 X X 0 0 0 DENISE ROBBI-ARENA VICE PRESIDENT 0.50 X X 0 0 0 TANYA M ROY TREASURER 1.00 X X 0 0 0 DANA SUNDBLAD SECRETARY 1.00 X X 0 0 0 RAJA ASHRAF DIRECTOR 0.50 X 0 0 0 BETH BERNHARDT DIRECTOR 0.50 X 0 0 0 STANLEY CHANG DIRECTOR 0.50 X 0 0 0 EILEEN CREHAN DIRECTOR 0.50 X 0 0 0 MICHELLE SHELLEY DOWLING COBB DIRECTOR 0.50 X 0 0 0 ESTHER HAN SILVER DIRECTOR 0.50 X 0 0 0 HEATHER KISPERT HAGERTY DIRECTOR 0.50 X 0 0 0 RACHEL LAM DIRECTOR 0.50 X 0 0 0 IRENE MATA DIRECTOR 0.50 X 0 0 0 TESS MATTERN DIRECTOR 0.50 X 0 0 0 ANHAR MULLA DIRECTOR 0.50 X 0 0 0 CATHERINE KEFALAS EXECUTIVE DIRECTOR 35.00 X 120885 0 25303 120885 0 25303 1 0 0 1 0 530704 6202 530704 STUDENT LOAN INTEREST 522299 20980 20980 20980 351 351 2661604 2653936 7668 7668 7668 559703 20980 0 8019 760000 760000 297199 297199 147225 96543 38989 11693 111184 72903 29443 8838 53727 35231 14228 4268 50325 50325 71779 71779 480 480 7513 7513 33872 23700 10172 542 542 1639 1639 ADMINISTRATION EXPENSE 10811 10811 3711 1039 2672 1550007 1270428 244608 34971 824572 490723 725075 215045 2087 3793 2190 2145 1603 38201682 42234267 1536865 1465711 0 27658 41290339 44437094 0 28925 0 28925 X 40618027 43693823 672312 714346 41290339 44408169 41290339 44437094 X -990304 4089716 18418 X X 0 1 X 1 0 X 421319 740712 518122 1143564 530704 3354421 421319 740712 518122 1143564 530704 3354421 86047 3268374 19101 6810 196 2928 351 29386 3383807 145132 0.96590 0.95190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3793 2190 1603 1603 POOLED FUNDS AT NAV 42234267 F 42234267 4599540 4089716 21900 4111616 487924 71779 71779 559703 1500128 21900 21900 1478228 71779 71779 1550007 1 WELLESLEY COLLEGE 106 CENTRAL STREET WELLESLEY MA 02481 042103637 501(C)(3) 760000 0 BOOK VALUE SCHOLARSHIPS 1 GRANTS FOR VARIOUS STUDENT EXPENSES 2019 297199 PART I, LINE 2: GRANTS ARE GIVEN TO WELLESLEY COLLEGE STUDENTS OR WELLESLEY COLLEGE FOR THE PURPOSE OF AWARDING SCHOLARSHIPS. THE WSAS BOARD, IN PARTICULAR THE PROJECTS COMMITTEE, MAKES RECOMMENDATIONS TO THE BOARD. THE BOARD THEN VOTES TO APPROVE. 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. 0 0 0 0 0 0 0 0 0 FORM 990, PART VII AND SCHEDULE J THOSE WHO WORK FOR THE SOCIETY ARE EMPLOYEES OF WELLESLEY COLLEGE. THEIR COMPENSATION IS PAID BY THE COLLEGE, WITH ALL EMPLOYMENT FORMS FILED BY THE COLLEGE. PART VII REPORTS COMPENSATION AND BENEFITS PAID TO THE EXECUTIVE DIRECTOR OF THE SOCIETY BY THE COLLEGE. FORM 990, PART V, LINE 2A ALL COMPENSATION IS PAID BY WELLESLEY COLLEGE AND ALL EMPLOYMENT TAX RETURNS ARE FILED ACCORDINGLY BY THE COLLEGE. 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 B, LINE 12C ALL DIRECTORS AND OFFICERS SIGN AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE, WHICH INCLUDES ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST. THE EXECUTIVE DIRECTOR IS TASKED WITH MONITORING COMPLIANCE WITH THE POLICY. THE BOARD ADDRESSES ANY POTENTIAL OR ACTUAL CONFLICTS DISCLOSED AND TAKES ACTION ACCORDINGLY, AS NEEDED. 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. FORM 990, PART XI, LINE 9: CHANGE IN ACCOUNTING METHOD 18,418. FORM 990, PART XII LINE 1 THE ORGANIZATION CHANGED ITS ACCOUNTING METHOD FROM CASH BASIS TO ACCRUAL BASIS.