Civic Intelligence

Alumnae Association of Smith College

EIN 04-2103649 • 501(c)3 • Northampton, MA

Profile

The mission of the Alumnae Association of Smith College is to further the well-being of the college and its graduates by increasing the interest of members in the college and in each other.

33 Elm StreetNorthampton, MA 01063-3702

alumnae.smith.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

4th percentile

-62%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

29th percentile

$184,387

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 18.3% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

40th percentile

2.4%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-69%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$30,130,604

Up $718,652 (+2.4%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$30,130,604

Up $718,652 (+2.4%) from 2023

Revenue

Down

$1,005,911

Down $2,284,777 (-69%) from 2023

Expenses

Up

$1,629,352

Up $5,822 (+0.4%) from 2023

Net Income

Down

-$623,441

Down $2,290,599 (-137%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $18,107,495Liabilities 2010: $212,693Net Assets 2010: $17,894,8022010Assets 2011: $20,491,960Liabilities 2011: $293,053Net Assets 2011: $20,198,9072011Assets 2012: $19,927,467Liabilities 2012: $227,135Net Assets 2012: $19,700,3322012Assets 2013: $21,683,633Liabilities 2013: $255,328Net Assets 2013: $21,428,3052013Assets 2014: $23,987,283Liabilities 2014: $259,922Net Assets 2014: $23,727,3612014Assets 2015: $24,521,380Liabilities 2015: $332,220Net Assets 2015: $24,189,1602015Assets 2016: $22,079,138Liabilities 2016: $400,899Net Assets 2016: $21,678,2392016Assets 2017: $23,636,711Liabilities 2017: $471,812Net Assets 2017: $23,164,8992017Assets 2018: $24,183,358Liabilities 2018: $0Net Assets 2018: $24,183,3582018Assets 2019: $24,537,867Liabilities 2019: $0Net Assets 2019: $24,537,8672019Assets 2020: $23,827,141Liabilities 2020: $0Net Assets 2020: $23,827,1412020Assets 2021: $31,465,732Liabilities 2021: $0Net Assets 2021: $31,465,7322021Assets 2022: $29,893,946Liabilities 2022: $0Net Assets 2022: $29,893,9462022Assets 2023: $29,411,952Liabilities 2023: $0Net Assets 2023: $29,411,9522023Assets 2024: $30,130,604Liabilities 2024: $0Net Assets 2024: $30,130,6042024

Highlighted filing

2024

Assets$30,130,604
Liabilities$0
Net Assets$30,130,604

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,409,1322010Expenses 2011: $2,463,6362011Revenue 2012: $1,893,499Expenses 2012: $1,819,654Net Income 2012: $73,8452012Revenue 2013: $1,691,582Expenses 2013: $1,647,905Net Income 2013: $43,6772013Revenue 2014: $1,016,431Expenses 2014: $1,001,367Net Income 2014: $15,0642014Revenue 2015: $1,046,840Expenses 2015: $1,043,352Net Income 2015: $3,4882015Revenue 2016: $1,108,470Expenses 2016: $0Net Income 2016: $1,108,4702016Revenue 2017: $1,407,115Expenses 2017: $1,261,834Net Income 2017: $145,2812017Revenue 2018: $1,808,132Expenses 2018: $1,196,794Net Income 2018: $611,3382018Revenue 2019: $1,427,193Expenses 2019: $1,246,683Net Income 2019: $180,5102019Revenue 2020: $1,379,529Expenses 2020: $1,248,350Net Income 2020: $131,1792020Revenue 2021: $2,730,203Expenses 2021: $1,328,565Net Income 2021: $1,401,6382021Revenue 2022: $5,083,871Expenses 2022: $1,567,967Net Income 2022: $3,515,9042022Revenue 2023: $3,290,688Expenses 2023: $1,623,530Net Income 2023: $1,667,1582023Revenue 2024: $1,005,911Expenses 2024: $1,629,352Net Income 2024: -$623,4412024

Highlighted filing

2024

Revenue$1,005,911
Expenses$1,629,352
Net Income-$623,441

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.1$0.00$30.1$1.01$1.63$0.62
2023Detailed filing. Detailed filing data is available for this year.$29.4$0.00$29.4$3.29$1.62$1.67
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.9$0.00$29.9$5.08$1.57$3.52
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.5$0.00$31.5$2.73$1.33$1.40
2020Summary only. Only limited summary data is available for this year.$23.8$0.00$23.8$1.38$1.25$0.13
2019Summary only. Only limited summary data is available for this year.$24.5$0.00$24.5$1.43$1.25$0.18
2018Summary only. Only limited summary data is available for this year.$24.2$0.00$24.2$1.81$1.20$0.61
2017Summary only. Only limited summary data is available for this year.$23.6$0.47$23.2$1.41$1.26$0.15
2016Summary only. Only limited summary data is available for this year.$22.1$0.40$21.7$1.11$0.00$1.11
2015Summary only. Only limited summary data is available for this year.$24.5$0.33$24.2$1.05$1.04$0.00
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$24.0$0.26$23.7$1.02$1.00$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.7$0.26$21.4$1.69$1.65$0.04
2012Summary only. Only limited summary data is available for this year.$19.9$0.23$19.7$1.89$1.82$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.5$0.29$20.2$2.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$0.21$17.9$2.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$1,005,911
Mission and Program Overview

Mission

The mission of the Alumnae Association of Smith College is to further the wellbeing of the college and its graduates by increasing the interest of members in the college and in each other.

The mission of the Alumnae Association of Smith College the Association is to further the well-being of the college and its graduates by increasing the interest of members in the college and in each other.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$29,343,929$30,063,569▲ $719,640
Cash and Non-Interest-Bearing Accounts$68,023$67,035▼ $988
Total Assets$29,411,952$30,130,604▲ $718,652
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,397,277$30,116,917▲ $719,640
Net Assets With Donor Restrictions$14,675$13,687▼ $988
Total Net Assets Fund Balance$29,411,952$30,130,604▲ $718,652
Total Liabilities and Net Assets / Fund Balance$29,411,952$30,130,604▲ $718,652

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$30,063,569--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$29,343,929-▲ $2,250,808$1,531,168$30,063,569
2022$29,825,628-▲ $983,439$1,465,138$29,343,929
2021$31,397,414-▼ $161,256$1,410,530$29,825,628
2020$23,758,823-▲ $8,794,641$1,156,050$31,397,414
2019$24,469,305-▲ $417,371$1,127,853$23,758,823
Compensation and Service Providers

Board Members and Trustees

NameTitle
Peggy KoonPresident
Melodye SerinoVice President
Earnestine BenfordDirector
Elissa GettoDirector
Elizabeth FarrarDirector
Maia DaunerDirector
Paula O'LoughlinDirector
Sabine JeanDirector
Samina ArifDirector
Shola OniDirector
Stephanie Annessi TangardDirector
Amanda LopezExecutive Director
Kimberly WongSecretary
Lara MacronTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,005,911
Other Revenue
$0
Change in Net Assets
$-623,441

Audited Revenue Reconciliation

Revenue per Audited Statements
$908,715
Revenue Not Reported on Financial Statements
$97,196
Revenue Not Reported on Form 990
$1,342,093
Total Revenue per Audited Statements
$2,250,808
Total Revenue per Form 990
$1,005,911
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,629,352
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,532,156--$1,532,156
Fees for Services Management-$97,196-$97,196
Total Functional Expenses$1,532,156$97,196$0$1,629,352

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,629,352
Expenses per Audited Statements$1,532,156
Total Expenses per Audited Statements$1,532,156
Expenses Not Reported on Financial Statements$97,196
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The Association has over 50,000 members.

Form 990, Part VI, Section A, Line 7A

The members of the Association vote for open Board Member positions at the annual reunion held in May.

Form 990, Part VI, Section A, Line 7B

The Association follows the Smith College spending rate which is set by the Board of Trustees of Smith College.

Form 990, Part VI, Section B, Line 11B

The draft Form 990 and related schedules were reveiwed by the Associations Executive Director and available to its Board of Directors. An electronic copy of the final Form 990 and related schedules was provided to the Associations Executive Director and its Board of Directors prior to filing with the IRS.

Form 990, Part VI, Section B, Line 12C

The Associations Board of Directors monitors compliance with the Associations conflict of interest policy by having its members re-read the conflict of interest policy annually at their fall board meeting and disclose any conflict of interest they might have. Board members complete the Associations conflict of interest questionnaire at that time. The President of the Board of Directors and the Executive Director of the Association determine what appropriate action may need to be taken, if any.

Form 990, Part VI, Section B, Line 15

Compensation for the Associations Executive Director is set by Smith Colleges compensation committee, which utilizes independent compensation consultants and surveys.

Form 990, Part VI, Section C, Line 19

The Association makes its governing documents, conflict of interest policy, financial statements, and Form 990 available to the public upon request. The Massachusetts Form PC, Form 990, and the Associations financial statements are also available on the website of the Commonwealth of Massachusetts Attorney General.

Filing and Contact Details

Filer

Filer Name
Alumnae Association of Smith College
EIN
04-2103649
Phone
4135852200
Address
33 Elm Street, Northampton, MA 01063-3702

Signing Officer

Name
Amanda Lopez
Title
Executive Director
Phone
4135852200
Signed
2025-05-09
Discuss with paid preparer
No

Organization Details

Principal Officer
Amanda Lopez
Formed
1905
Legal Domicile
Ma
Voting Board Members
14
Independent Board Members
14
Employees
0
Supplemental Narrative

Financial Statement Notes

V 4

The Associations endowment provides the funding stream that allows the Association to provide innovative programs and services to Smith College alumnae. The Associations endowment is invested in the Smith College Investment Pool. The Association follows the colleges spending rate approach that seeks the largest annual contribution to operations while providing adequate protection against declining returns, set by the Board of Trustees of Smith College. The Association also seeks to preserve the purchasing power of the endowment to benefit future generations of Smith College alumnae.

X 2

The Association is an organization described under Internal Revenue Code IRC Section 501c3. Most of its activities and income are related to its tax exempt purpose and are exempt from federal and state income taxes under section 501a of the code and applicable state laws. The Association believes it has taken no significant uncertain tax positions.

Raw XML AppendixShowing 400 of 483 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Amanda Lopez
IRS990/Form990PartVIISectionAGrp/PersonNm1Peggy Koon
IRS990/Form990PartVIISectionAGrp/PersonNm2Melodye Serino
IRS990/Form990PartVIISectionAGrp/PersonNm3Lara Macron
IRS990/Form990PartVIISectionAGrp/PersonNm4Kimberly Wong
IRS990/Form990PartVIISectionAGrp/PersonNm5Elizabeth Farrar
IRS990/Form990PartVIISectionAGrp/PersonNm6Sabine Jean
IRS990/Form990PartVIISectionAGrp/PersonNm7Paula O'Loughlin
IRS990/Form990PartVIISectionAGrp/PersonNm8Elissa Getto
IRS990/Form990PartVIISectionAGrp/PersonNm9Samina Arif
IRS990/Form990PartVIISectionAGrp/PersonNm10Earnestine Benford
IRS990/Form990PartVIISectionAGrp/PersonNm11Shola Oni
IRS990/Form990PartVIISectionAGrp/PersonNm12Maia Dauner
IRS990/Form990PartVIISectionAGrp/PersonNm13Stephanie Annessi Tangard
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
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IRS990/MissionDesc0The mission of the Alumnae Association of Smith College is to further the well-being of the college and its graduates by increasing the interest of members in the college and in each other.
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part IV Section D Line 3 The supported organization, The Trustees of the Smith College Smith College, manages the Associations investments within the pooled endowment fund of the college. The spending rates of the Association follow the spending rates of the college. The college provides a full range of support services necessary to sustain the functions specified and the alumnae relations program as a whole, including budgeting, financial management and administrative support.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Association and the college are partners in alumnae relations.The Association offers free membership to all college alumnae and, through its Board of Directors, provides strategic direction for alumnae activities.Through its global network of alumnae volunteers the Association supports the college and its many initiatives through outreach and engagement of the alumnae community.Together they aim to encourage and empower alumnae to support the colleges reputation, community and philanthropy.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV Section E Line 2a
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0The Trustees of the Smith College
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Associations endowment provides the funding stream that allows the Association to provide innovative programs and services to Smith College alumnae. The Associations endowment is invested in the Smith College Investment Pool. The Association follows the colleges spending rate approach that seeks the largest annual contribution to operations while providing adequate protection against declining returns, set by the Board of Trustees of Smith College. The Association also seeks to preserve the purchasing power of the endowment to benefit future generations of Smith College alumnae.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Association is an organization described under Internal Revenue Code IRC Section 501c3. Most of its activities and income are related to its tax exempt purpose and are exempt from federal and state income taxes under section 501a of the code and applicable state laws. The Association believes it has taken no significant uncertain tax positions.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Amanda Lopez
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Association has over 50,000 members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members of the Association vote for open Board Member positions at the annual reunion held in May.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Association follows the Smith College spending rate which is set by the Board of Trustees of Smith College.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The draft Form 990 and related schedules were reveiwed by the Associations Executive Director and available to its Board of Directors. An electronic copy of the final Form 990 and related schedules was provided to the Associations Executive Director and its Board of Directors prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Associations Board of Directors monitors compliance with the Associations conflict of interest policy by having its members re-read the conflict of interest policy annually at their fall board meeting and disclose any conflict of interest they might have. Board members complete the Associations conflict of interest questionnaire at that time. The President of the Board of Directors and the Executive Director of the Association determine what appropriate action may need to be taken, if any.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compensation for the Associations Executive Director is set by Smith Colleges compensation committee, which utilizes independent compensation consultants and surveys.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Association makes its governing documents, conflict of interest policy, financial statements, and Form 990 available to the public upon request. The Massachusetts Form PC, Form 990, and the Associations financial statements are also available on the website of the Commonwealth of Massachusetts Attorney General.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
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