2024-05-13T15:56:45-05:00 2023-06-30 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2022-07-01 042121303 WORCESTER POLYTECHNIC INST ALUMNI ASSOCIATION WORC 5088315612 100 INSTITUTE ROAD WORCESTER MA 01609 DAN SULLIVAN TREASURER 5088315612 2024-05-10 1 DAN SULLIVAN 999009999 0 BARBARA E KING P00005629 5087557107 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAN SULLIVAN 100 INSTITUTE ROAD WORCESTER MA 01609 181281 0 X WPI.EDU X 1891 MA TO CONNECT AND ENGAGE ALUMNI OF WORCESTER POLYTECHNIC INSTITUTE (WPI) IN SUPPORT OF WPI'S MISSIONS AND GOALS. 22 22 0 0 0 0 28280 27412 0 0 131546 134095 22170 19774 181996 181281 95572 75932 0 0 0 0 0 0 4086 57331 69244 152903 145176 29093 36105 3239431 3449101 0 0 3239431 3449101 TO BE A VOICE AND EFFECTIVE ADVOCATE FOR THE ALUMNI BODY WITHIN THE WPI COMMUNITY, MAINTAINING AN ALUMNI PERSPECTIVE, AND TO CONNECT, ENGAGE AND INVOLVE ALUMNI WITH WPI AND ONE ANOTHER IN SUPPORT OF WPI'S MISSIONS AND GOALS. 0 0 92528 75932 THE ASSOCIATION PROVIDES SCHOLARSHIPS TO WPI STUDENTS. THE ASSOCIATION ALSO PROVIDES SUPPORT FOR ALUMNI DRIVEN ENGAGEMENT EVENTS. THIS PROGRAM CALLED "EVENT IN A BOX" SPONSORS FOOD AND SPACE RENTAL FEES TO INCREASE ALUMNI ENGAGEMENT. 92528 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 MA X X DAN SULLIVAN 5088315612 100 INSTITUTE ROAD WORCESTER MA 01609 X MARK MACAULAY PAST PRESIDENT 1.00 X 0 0 0 PAULA DELANEY PRESIDENT 1.00 X X 0 0 0 DAN SULLIVAN TREASURER 1.00 X X 0 0 0 MONICA ELLIS SECRETARY 1.00 X X 0 0 0 MIKE ABRAMS DIRECTOR 1.00 X 0 0 0 MBOLLE AKUME DIRECTOR 1.00 X 0 0 0 VEDA BOOTH DIRECTOR 1.00 X 0 0 0 ALEXANDER FORTI DIRECTOR 1.00 X 0 0 0 KATHRYN GAUTHIER DIRECTOR 1.00 X 0 0 0 MAUREEN HORGAN DIRECTOR 1.00 X 0 0 0 PAMELA LYNCH PRESIDENT ELECT 1.00 X X 0 0 0 JANELLE DRAKE DIRECTOR 1.00 X 0 0 0 BERT GUNTER DIRECTOR 1.00 X 0 0 0 KIJANA HANEY DIRECTOR 1.00 X 0 0 0 DAVE HENRY DIRECTOR 1.00 X 0 0 0 ALISON LEFLORE DIRECTOR 1.00 X 0 0 0 KEVIN FITZPATRICK DIRECTOR 1.00 X 0 0 0 LINDSEY MCKAN DIRECTOR 1.00 X 0 0 0 STEVE MEZAK DIRECTOR 1.00 X 0 0 0 PAT MORAN DIRECTOR 1.00 X 0 0 0 NANCY ROBERTS DIRECTOR 1.00 X 0 0 0 JAMI WALSH DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 27412 27412 134095 134095 19774 19774 181281 0 0 153869 75932 75932 3100 3100 9311 5056 169 4086 20990 209 20781 439 439 12994 12994 ALUMNI SUPPORT AND EVEN 11331 11331 GIFTS 11079 11079 145176 92528 48562 4086 147109 163214 3092322 3285887 3239431 3449101 0 0 X 3105711 3315381 133720 133720 3239431 3449101 3239431 3449101 36105 173565 0 X 1 X 0 1 0 X 14995 40832 26163 28280 27412 137682 14995 40832 26163 28280 27412 137682 137682 165703 133367 152252 153716 153869 758907 896589 0.15360 0.14410 X WORCESTER POLYTECHNIC INSTITUTE ALUMNI ASSOCIATION HAS BEEN IN EXISTENCE SINCE 1891 AND PROVIDES SCHOLARSHIPS TO STUDENTS ATTENDING WORCESTER POLYTECHNIC INSTITUTE. THERE ARE 22 TRUSTEES OF THE ORGANIZATION CONSISTING OF LOCAL PROFESSIONAL CIVIC AND COMMUNITY LEADERS. FOR 2023, THE ORGANIZATION IS WORKING ON INCREASING THEIR SOLICITATION OF PUBLIC SUPPORT. 0 397095 36147 12173 421069 408705 -11610 397095 351468 92384 35147 408705 353722 -2254 351468 344163 15632 6073 353722 0.68240 0.31760 0 1 1 0 WPI POOLED FUNDS 3285887 F 3285887 X 354846 173565 173565 181281 0 181281 145176 0 145176 0 145176 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT SCHOLARSHIPS PROVIDED TO WPI STUDENTS. IN ADDITION TO CURRENT YIELD, THE ASSOCIATION HAS INTERPRETED STATE LAW TO ALLOW FOR THE UTILIZATION OF CAPITAL APPRECIATION ON PERMANENTLY RESTRICTED ENDOWMENT FUNDS UNLESS EXPLICIT DONOR STIPULATIONS SPECIFY HOW NET APPRECIATION MUST BE USED. ACCORDINGLY, THE ASSOCIATION SEGREGATES CAPITAL APPRECIATION BETWEEN THAT WHICH CAN BE USED FOR CURRENT OPERATION AND THAT WHICH IS ATTRIBUTABLE TO PERMANENTLY RESTRICTED ENDOWMENT FUNDS. FOR FINANCIAL REPORTING PURPOSES, CURRENT YIELD AND CAPITAL APPRECIATION ATTRIBUTED TO PERMANENTLY RESTRICTED ENDOWMENT FUNDS ARE CONSIDERED DONOR RESTRICTED UNTIL APPROPRIATED FOR USE, AND THE HISTORIC DOLLAR VALUE OF SUCH FUNDS IS CONSIDERED NONEXPENDABLE. ON JULY 2, 2009, MASSACHUSETTS ENACTED ITS UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT ("UPMIFA") STATUTE. UPMIFA PROVIDES GUIDANCE FOR INVESTMENT MANAGEMENT; ENUMERATES GUIDELINES TO PRUDENT INVESTING; AND ELIMINATES THE CONCEPT OF "HISTORIC DOLLAR VALUE" FOR DONOR-RESTRICTED ENDOWMENTS. THE ASSOCIATION ADOPTED UPMIFA DURING THE YEAR ENDED JUNE 30, 2010 AND HAS NOT LIMITED APPROPRIATION OF UNDERWATER FUNDS TO CURRENT YIELD. APPROPRIATION ON UNDERWATER FUNDS IN YEARS PRIOR TO ADOPTION HAD BEEN LIMITED TO CURRENT YIELD UNTIL SUCH TIME AS THE DEFICIENCY HAD BEEN RESTORED AND THE FAIR VALUE OF THE FUND EXCEEDED THE LEVEL REQUIRED TO BE RETAINED PERMANENTLY. THERE ARE CURRENTLY NO UNDERWATER FUNDS. THE ASSOCIATION HAS A PRUDENT APPROACH OF INVESTMENT AND SPENDING FOR ITS ENDOWMENT AND SIMILAR FUNDS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PROGRAMS. TO SATISFY ITS OBJECTIVES, THE ASSOCIATION RELIES ON A TOTAL RETURN APPROACH IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED GAINS) AND CURRENT YIELD (INTEREST, DIVIDEND AND OTHER INVESTMENT INCOME). PART X, LINE 2: THE ASSOCIATION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE ASSOCIATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE, UPON THE ASSOCIATION'S STATEMENTS OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOWS. 1 COLLEGE SCHOLARSHIPS 13 75932 PART I, LINE 2: THE ALUMNI ASSOCIATION WORKS DIRECTLY WITH WORCESTER POLYTECHNIC INSTITUTES' STAFF TO DETERMINE THE APPROPRIATE USE OF ALL GRANTS AND SCHOLARSHIPS. WORCESTER POLYTECHNIC INSTITUTE SUPPORTED ORGANIZATION 3285887 ALL INVESTMENTS ARE TRANSFERRED AND MANAGED BY WPI AS PART OF THEIR OVERALL INVESTMENT PORTFOLIO. 0 FORM 990, PART VI, SECTION B, LINE 11B ONCE THE TAX RETURNS HAVE BEEN DRAFTED, THE RETURN IS REVIEWED AND APPROVED BY THE ASSOCIATION'S TREASURER, THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS PRIOR TO FILING, IN THAT ORDER. FORM 990, PART VI, SECTION B, LINE 15 THERE IS NO COMPENSATION PAID BY THE ASSOCIATION. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAINTAINS COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ON ITS WEBSITE. WORCESTER POLYTECHNIC INSTITUTE 100 INSTITUTE ROAD WORCESTER MA 01609 042121659 UNIVERSITY MA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0