Nonprofit · EIN 85-3701377
SAPERE AUDE CONSORTIUM INC
Tax-exempt · MEDFIELD, MA 02052
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $127,762 | $100,251 | $27,511 | $52,251 | $0 | $52,251 |
| July 31, 2024 | 990 | $43,102 | $53,600 | -$10,498 | $24,740 | $0 | $24,740 |
| July 31, 2023 | 990-EZ | $15,837 | $8,177 | $7,660 | $35,238 | $0 | $35,238 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $127,762
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $800
- Program services (functional)
- $95,197
- Management and general (functional)
- $5,054
Balance sheet and other
- Total assets, start of year
- $24,740
- Total assets, end of year
- $52,251
- Total liabilities, end of year
- $0
- Net assets, end of year
- $52,251
- Gross receipts
- $127,762
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH P CRAVEN III | PRESIDENT Trustee or director, Officer | 15 | $0 |
| ROBERT JOB IV | TREASURER Trustee or director, Officer | 10 | $0 |
| KAITLYN FISCHER | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH P GENNACO | CLERK Trustee or director, Officer | 1 | $0 |
| WILLIAM DUNIGAN | DIRECTOR Trustee or director | 1 | $0 |
| EMILY PACHUTA | DIRECTOR Trustee or director | 1 | $0 |
| ASHLEY MCMANUS | DIRECTOR Trustee or director | 1 | $0 |
| HOLLY FRAMSTED | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended July 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH P CRAVEN III | PRESIDENT/TREASURER Trustee or director, Officer | 15 | $0 |
| ROBERT JOB IV | CLERK Trustee or director, Officer | 10 | $0 |
| KAITLYN FISCHER | DIRECTOR Trustee or director | 5 | $0 |
| JOSEPH P GENNACO | DIRECTOR Trustee or director | 5 | $0 |
| WILLIAM DUNIGAN | DIRECTOR Trustee or director | 5 | $0 |
| EMILY PACHUTA | DIRECTOR Trustee or director | 5 | $0 |
| ASHLEY MCMANUS | DIRECTOR Trustee or director | 5 | $0 |
| HOLLY FRAMSTED | DIRECTOR Trustee or director | 5 | $0 |
990-EZ for the year ended July 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH P CRAVEN III | PRESIDENT | 15 | $0 |
| ROBERT JOB IV | DIRECTOR | 10 | $0 |
| KAITLYN FISCHER | DIRECTOR | 5 | $0 |
| JOSEPH P GENNACO | DIRECTOR | 5 | $0 |
| WILLIAM DUNIGAN | DIRECTOR | 5 | $0 |
| EMILY PACHUTA | DIRECTOR | 5 | $0 |
| ASHLEY MCMANUS | DIRECTOR | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 67 WEST STREET 210, MEDFIELD, MA 02052-1577
- Mailing address (990-N for 2021)
- 57 Clubhouse Drive, Hingham MA 02043
- Principal officer (990 for 2024)
- JOSEPH P CRAVEN III
- Principal officer (990-N for 2021)
- Joseph P Craven, 57 Clubhouse Drive, Hingham MA 02043
- Signed the 990
- JOSEPH P CRAVEN III, PRESIDENT
- Phone
- (617) 454-4348
- Website
- sapereaudeconsortium.com
- Return prepared by
- LMHS PC
Mission
OUR MISSION IS TO EQUIP FIRST-GENERATION STUDENTS WITH THE IDENTITY CAPITAL, PROFESSIONAL SKILLS, NETWORKS, AND CONFIDENCE NEEDED TO ACHIEVE LONG-TERM CAREER SUCCESS. WE BELIEVE THESE INDUSTRIES WILL BENEFIT FROM OUR STUDENTS' UNIQUE EXPERIENCES AND WORLDVIEWS.
Program accomplishments
- THE SAPERE AUDE CONSORTIUM SUMMER INTERNSHIP PROGRAM IS A NINE WEEK PROGRAM FOCUSING ON FIRST-GENERATION COLLEGE STUDENTS INTERESTED IN FINANCIAL SERVICES, SPECIFICALLY INVESTMENT AND WEALTH MANAGEMENT. THE PROGRAM IS DESIGNED TO PREPARE THIS COHORT OF STUDENTS TO COMPETE FOR AND GAIN POSITIONS AT INVESTMENT AND WEALTH MANAGEMENT FIRMS.THE SUMMER INTERSHIP PROGRAM AT SAPERE AUDE CONSORTIUM HAS SEEN MORE THAN 135 COLLEGIANS RECEIVE IMPACTFUL INSTRUCTION, GUIDANCE AND EXPERIENCE IN INVESTMENT AND WEALTH MANAGEMET.WITH GREAT SUCCESS, PARTICIPANTS HAVE FOUND THAT THE PERSONAL ASSISTANCE OF THEIR MENTORS, COMBINED WITH THE KNOWLEDGE THEY HAVE GAINED AND THE WORK PRODUCT OF THEIR RESEARCH EFFORTS, HAS COALESCED INTO EXCEPTIONAL PROFESSIONAL OPPORTUNITIES WITH A 90% RATE AT WHICH OUR ALUMNI HAVE EARNED ROLES IN THE INDUSTRY.Expenses $95,197 · revenue $110,336
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 85-3701377
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J20)
- Assets (IRS master file)
- $52,251
- Income (IRS master file)
- $127,762
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $127,762 | $100,251 | $52,251 | XML |
| 990 | July 2024 | $43,102 | $53,600 | $24,740 | XML |
| 990-EZ | July 2023 | $15,837 | $8,177 | $35,238 | XML |
| 990-N for 2021 Officer: Joseph P Craven | July 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Joseph P Craven | July 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-3701377).
Questions about SAPERE AUDE CONSORTIUM INC
- What is the EIN of SAPERE AUDE CONSORTIUM INC?
- The employer identification number (EIN) of SAPERE AUDE CONSORTIUM INC is 85-3701377.
- Is SAPERE AUDE CONSORTIUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to SAPERE AUDE CONSORTIUM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SAPERE AUDE CONSORTIUM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SAPERE AUDE CONSORTIUM INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SAPERE AUDE CONSORTIUM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of SAPERE AUDE CONSORTIUM INC?
- The 990 for the year ended July 31, 2025 names JOSEPH P CRAVEN III.
- Who are the officers and directors of SAPERE AUDE CONSORTIUM INC?
- The 990 for the year ended July 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does SAPERE AUDE CONSORTIUM INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $127,762, expenses of $100,251 and total assets of $52,251 at year end.
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