WELLESLEY STUDENTS AID SOCIETY Charity Report

Public IRS 990 nonprofit record

WELLESLEY STUDENTS AID SOCIETY

EIN 04-2152598 · Education (B820)

What they do

THE WELLESLEY STUDENTS AID SOCIETY, INC. is AN ORGANIZATION DEDICATED to PROVIDING FINANCIAL and PERSONAL SUPPORT to STUDENTS of WELLESLEY COLLEGE. 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

87.23%of revenue went to mission work84.0% of expenses · Program services

3.84%of revenue went to fundraising3.7% of expenses

$103.83spent for every $100 of revenueSpending was higher than revenue this year.

12.76%of revenue went to management and office costs12.3% of expenses

$28.91in assets for every $1 spent this yearSome assets cannot be spent right away.

29.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $68,210 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $38,817 for CATHERINE KEFALAS (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,779,950

Mission workProgram services$1,552,62387.23% of revenue84.0% of expenses

ManagementOffice and general costs$227,20912.76% of revenue12.3% of expenses

FundraisingAsking for donations$68,3283.84% of revenue3.7% of expenses

Total expenses$1,848,160103.83% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 84.0% mission · 12.3% management · 3.7% fundraisingTotal expenses: 103.83% of revenue

2023Expense mix: 83.4% mission · 13.1% management · 3.5% fundraisingTotal expenses: 118.65% of revenue

2022Expense mix: 82.0% mission · 15.8% management · 2.3% fundraisingTotal expenses: 276.93% of revenue

2021Expense mix: 77.2% mission · 19.3% management · 3.5% fundraisingTotal expenses: 48.18% of revenue

2020Expense mix: 82.6% mission · 14.8% management · 2.6% fundraisingTotal expenses: 11.46% of revenue

2019Expense mix: 76.0% mission · 20.8% management · 3.2% fundraisingTotal expenses: 55.25% of revenue

2018Expense mix: 72.2% mission · 18.1% management · 9.7% fundraisingTotal expenses: 63.04% of revenue

2017Expense mix: 79.1% mission · 17.3% management · 3.5% fundraisingTotal expenses: 73.28% of revenue

Money in and money out

Revenue$1,779,950

Expenses$1,848,160

Annual shortfall $68,210 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,552,623 · 84.0% of expenses

Management and office costs$227,209 · 12.3% of expenses

Fundraising$68,328 · 3.7% of expenses

See all reported dollar amounts

Revenue$1,779,950

Expenses$1,848,160

Assets$53,434,224

Income$20,086,907

Contributions$532,865

Mission work (program services)$1,552,623

Fundraising$68,328

Grants given$4,729,997

Average grant$675,714

Management and general$227,209

Accounting fees$35,938

Investing fees$73,245

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CATHERINE KEFALASEXECUTIVE DIRECTOR · 35 hrs/week $38,817Base · Other $38,817

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (16)

CATHERINE KEFALASEXECUTIVE DIRECTOR

ANHAR MULLADIRECTOR

ANNA EHRLICHSECRETARY

BETH BERNHARDTDIRECTOR

DANA SUNDBLADVICE PRESIDENT

DENISE ROBBITREASURER

ESTHER CHUNGDIRECTOR

ESTHER HAN SILVERDIRECTOR

HEATHER KISPERT HAGERTYDIRECTOR

JAMIE SABINOPRESIDENT

LAUREN BRIGNONEDIRECTOR

MICHELLE COBB DOWLINGDIRECTOR

RACHEL LAMDIRECTOR

STANLEY CHANGDIRECTOR

TESS MATTERNDIRECTOR

TRACY BOWEN BELLDIRECTOR

About this charity

Recognized since: January 1941
Location: 106 CENTRAL STREET, WELLESLEY, MA 02481
County: Norfolk
In care of: DENISE ROBBI
Primary officer: DENISE ROBBI, BOARD TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(781) 283-2292 Officer phone(508) 523-4067

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: MURPHY GAUDREAU HOSKINSON INC
NTEE classification: Education (B820)
Grant-giving organization: Yes