Civic Intelligence

Worcester Polytechnic Institute Alumni Association

990 • Fiscal year 2013 • EIN 04-2121303

Jul 01, 2012 to Jun 30, 2013 • Filed on Feb 06, 2014

Organization ProfileWPI.EDU
100 Institute RoadWorcester, MA 01609
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

24th percentile

0.02x

Higher debt load relative to revenue than 24% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

87th percentile

38%

Higher net margin than 87% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

56th percentile

4.0%

Faster asset growth than 56% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

6th percentile

-39%

Faster revenue growth than 6% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$2,537,355

Up $97,600 (+4.0%) from 2012

Net Assets

Up

$2,534,977

Up $146,024 (+6.1%) from 2012

Liabilities

Down

$2,378

Down $48,424 (-95%) from 2012

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin87th percentile

Revenue

$144,828

No earlier filing loaded for comparison.

Expenses

Down

$89,228

Down $163,622 (-65%) from 2012

Net Income

$55,600

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,511,528Liabilities 2011: $184,059Net Assets 2011: $2,327,4692011Assets 2012: $2,439,755Liabilities 2012: $50,802Net Assets 2012: $2,388,9532012Assets 2013: $2,537,355Liabilities 2013: $2,378Net Assets 2013: $2,534,9772013Assets 2014: $2,863,264Liabilities 2014: $2,106Net Assets 2014: $2,861,1582014Assets 2015: $2,852,565Liabilities 2015: $0Net Assets 2015: $2,852,5652015Assets 2016: $2,780,383Liabilities 2016: $979Net Assets 2016: $2,779,4042016Assets 2017: $2,967,059Liabilities 2017: $2,735Net Assets 2017: $2,964,3242017Assets 2018: $3,053,728Liabilities 2018: $288Net Assets 2018: $3,053,4402018Assets 2019: $2,938,064Liabilities 2019: $0Net Assets 2019: $2,938,0642019Assets 2020: $2,811,448Liabilities 2020: $0Net Assets 2020: $2,811,4482020Assets 2021: $3,495,385Liabilities 2021: $0Net Assets 2021: $3,495,3852021Assets 2022: $3,239,431Liabilities 2022: $0Net Assets 2022: $3,239,4312022Assets 2023: $3,449,101Liabilities 2023: $0Net Assets 2023: $3,449,1012023Assets 2024: $3,701,179Liabilities 2024: $0Net Assets 2024: $3,701,1792024

Highlighted filing

2013

Assets$2,537,355
Liabilities$2,378
Net Assets$2,534,977
Open 2013 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $391,256Expenses 2011: $261,457Net Income 2011: $129,7992011Expenses 2012: $252,8502012Revenue 2013: $144,828Expenses 2013: $89,228Net Income 2013: $55,6002013Revenue 2014: $236,040Expenses 2014: $130,839Net Income 2014: $105,2012014Revenue 2015: $166,695Expenses 2015: $112,114Net Income 2015: $54,5812015Revenue 2016: $184,565Expenses 2016: $130,873Net Income 2016: $53,6922016Revenue 2017: $191,307Expenses 2017: $154,843Net Income 2017: $36,4642017Revenue 2018: $186,668Expenses 2018: $158,549Net Income 2018: $28,1192018Revenue 2019: $180,698Expenses 2019: $305,629Net Income 2019: -$124,9312019Revenue 2020: $174,199Expenses 2020: $141,004Net Income 2020: $33,1952020Revenue 2021: $178,415Expenses 2021: $139,445Net Income 2021: $38,9702021Revenue 2022: $181,996Expenses 2022: $152,903Net Income 2022: $29,0932022Revenue 2023: $181,281Expenses 2023: $145,176Net Income 2023: $36,1052023Revenue 2024: $189,925Expenses 2024: $164,692Net Income 2024: $25,2332024

Highlighted filing

2013

Revenue$144,828
Expenses$89,228
Net Income$55,600
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Feb 6, 2014
Return Version
2012v2.1
Gross Receipts
$182,625
Mission and Program Overview

Mission

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.

Filing and Contact Details

Filer

EIN
04-2121303
Raw XML AppendixShowing 400 of 471 raw XML fields

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IRS990ScheduleD/ExpensesSubtotal089228
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0IN 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. ACCORDINLY, 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 TEMPORARILY RESTRICTED UNTIL APPROPRIATED FOR USE, AND THE HISTORIC DOLLAR VALUE OF SUCH FUNDS IS CONSIDERED PERMANENTLY RESTRICTED. 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. 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). TO THE EXTENT THAT ACCUMULATED REALIZED AND UNREALIZED LOSSES ARE IN EXCESS OF ACCUMULATED GAINS FOR PERMANENTLY RESTRICTED ENDOWMENT FUNDS, THEY ARE REPORTED AS DECREASES IN UNRESTRICTED NET ASSETS. AS A RESULT OF MARKET DECLINES, THE FAIR VALUE OF CERTAIN PERMANENTLY RESTRICTED ENDOWMENT FUNDS IS LESS THAN THE HISTORIC DOLLAR VALUE OF SUCH FUNDS("UNDERWATER FUNDS") BY APPROXIMATELY $2,900 AND $2,827 AT JUNE 30, 2013 AND 2012 RESPECTIVELY, AND HAVE BEEN OFFSET BY TRANSFERS FROM UNRESTRICTED NET ASSETS TO TEMPORARILY RESTRICTED NET ASSETS. THE ASSOCIATION IS UNDER NO LEGAL OBLIGATION TO FUND THE DEFICIENCY.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1THE 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.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART V, LINE 4:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference1PART X, LINE 2:
IRS990ScheduleD/NetUnrealizedGainsInvestments090424
IRS990ScheduleD/OtherLiabilities/Amount0378
IRS990ScheduleD/OtherLiabilities/Amount12000
IRS990ScheduleD/OtherLiabilities/Description0DUE TO WPI
IRS990ScheduleD/OtherLiabilities/Description1FUNDS HELD FOR OTHER
IRS990ScheduleD/OtherSecurities/BookValue02359253
IRS990ScheduleD/OtherSecurities/Description0WPI POOLED FUNDS
IRS990ScheduleD/OtherSecurities/MethodOfValuation0F
IRS990ScheduleD/PermanentEndowmentEOYBalance00.45450
IRS990ScheduleD/RevenueNotRptdF990090424
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal0144828
IRS990ScheduleD/TermEndowmentEOYBalance00.03150
IRS990ScheduleD/TotalExpensesPerForm990089228
IRS990ScheduleD/TotalOfAmounts02378
IRS990ScheduleD/TotalOfBookValueLandBuildings00
IRS990ScheduleD/TotalOfBookValueSecurities02359253
IRS990ScheduleD/TotalRevenuePerForm9900144828
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt089228
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0235252
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant050165
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0COLLEGE SCHOLARSHIPS
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: THE ALUMNI ASSOCIATION WORKS DIRECTLY WITH WORCESTER POLYTECHNIC INSTITUTES' STAFF TO DETERMINE THE APPROPRIATE USE OF ALL GRANTS AND SCHOLARSHIPS.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PART I, LINE 2:
IRS990ScheduleI/RecordsMaintained01
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0ONCE 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.
IRS990ScheduleO/GeneralExplanation/Explanation1THE ASSOCIATION MAINTAINS COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ON ITS WEBSITE.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION C, LINE 19
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MA
IRS990/StatesWhereCopyOfReturnIsFiled0MA
IRS990/SubjectToProxyTax00
IRS990/TaxableDistributions00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/TemporarilyRestrictedNetAssets/BOY0368112
IRS990/TemporarilyRestrictedNetAssets/EOY0367899
IRS990/Terminated00
IRS990/TermOrPermanentEndowments01
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10100 INSTITUTE ROAD
IRS990/TheBooksAreInCareOf/AddressUS/City0WORCESTER
IRS990/TheBooksAreInCareOf/AddressUS/State0MA
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode001609
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10THE ORGANIZATION
IRS990/TheBooksAreInCareOf/TelephoneNumber05088315612
IRS990/TotalAssets/BOY02439755
IRS990/TotalAssetsBOY02439755

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,537,355
Liabilities
$2,378
Net assets
$2,534,977
Revenue
$144,828
Expenses
$89,228
Net income
$55,600
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.70$0.00$3.70$0.19$0.16$0.03
2023Detailed filing. Detailed filing data is available for this year.$3.45$0.00$3.45$0.18$0.15$0.04
2022Detailed filing. Detailed filing data is available for this year.$3.24$0.00$3.24$0.18$0.15$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.50$0.00$3.50$0.18$0.14$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$0.00$2.81$0.17$0.14$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.94$0.00$2.94$0.18$0.31$0.12
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$0.00$3.05$0.19$0.16$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.97$0.00$2.96$0.19$0.15$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.78$0.00$2.78$0.18$0.13$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.85$0.00$2.85$0.17$0.11$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.86$0.00$2.86$0.24$0.13$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$0.00$2.53$0.14$0.09$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$0.05$2.39$0.25
2011Summary only. Only limited summary data is available for this year.$2.51$0.18$2.33$0.39$0.26$0.13
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)3 • $1M-$5M nonprofits