Civic Intelligence

Wellesley Abc Program Inc.

990 • Fiscal year 2018 • EIN 04-2503812

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

Organization ProfileWWW.WELLESLEYABC.ORG
396 Washington Street No 221Wellesley, MA 02481

(781) 235-9789

Siviq Scores

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

Liabilities / Assets

37th percentile

0.01x

Higher debt load relative to assets than 37% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

50th percentile

0.03x

Higher debt load relative to revenue than 50% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

8th percentile

-38%

Higher net margin than 8% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

23rd percentile

-6.8%

Faster asset growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-35%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets37th percentile

Assets

Down

$522,143

Down $37,897 (-6.8%) from 2017

Net Assets

Down

$518,556

Down $37,947 (-6.8%) from 2017

Liabilities

Up

$3,587

Up $50 (+1.4%) from 2017

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin8th percentile

Revenue

Down

$113,307

Down $60,011 (-35%) from 2017

Expenses

Down

$155,951

Down $1,323 (-0.8%) from 2017

Net Income

Down

-$42,644

Down $58,688 (-366%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $220,687Liabilities 2010: $2,748Net Assets 2010: $217,9392010Assets 2011: $279,439Liabilities 2011: $7,443Net Assets 2011: $271,9962011Assets 2012: $320,206Liabilities 2012: $13,201Net Assets 2012: $307,0052012Assets 2013: $368,231Liabilities 2013: $9,301Net Assets 2013: $358,9302013Assets 2014: $415,209Liabilities 2014: $10,108Net Assets 2014: $405,1012014Assets 2015: $439,252Liabilities 2015: $4,285Net Assets 2015: $434,9672015Assets 2016: $539,164Liabilities 2016: $4,137Net Assets 2016: $535,0272016Assets 2017: $560,040Liabilities 2017: $3,537Net Assets 2017: $556,5032017Assets 2018: $522,143Liabilities 2018: $3,587Net Assets 2018: $518,5562018Assets 2019: $1,092,879Liabilities 2019: $5,175Net Assets 2019: $1,087,7042019Assets 2020: $1,607,273Liabilities 2020: $307,798Net Assets 2020: $1,299,4752020Assets 2021: $1,601,400Liabilities 2021: $286,308Net Assets 2021: $1,315,0922021Assets 2022: $1,588,152Liabilities 2022: $275,017Net Assets 2022: $1,313,1352022Assets 2023: $1,563,137Liabilities 2023: $251,934Net Assets 2023: $1,311,2032023Assets 2024: $1,535,512Liabilities 2024: $256,586Net Assets 2024: $1,278,9262024

Highlighted filing

2018

Assets$522,143
Liabilities$3,587
Net Assets$518,556
Open 2018 Filing

Operations Trend

Revenue Growth9th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2010: $179,340Expenses 2010: $126,110Net Income 2010: $53,2302010Revenue 2011: $171,662Expenses 2011: $129,937Net Income 2011: $41,7252011Revenue 2012: $157,738Expenses 2012: $118,131Net Income 2012: $39,6072012Revenue 2013: $186,911Expenses 2013: $137,263Net Income 2013: $49,6482013Revenue 2014: $175,589Expenses 2014: $135,716Net Income 2014: $39,8732014Revenue 2015: $176,562Expenses 2015: $148,376Net Income 2015: $28,1862015Revenue 2016: $237,138Expenses 2016: $139,275Net Income 2016: $97,8632016Revenue 2017: $173,318Expenses 2017: $157,274Net Income 2017: $16,0442017Revenue 2018: $113,307Expenses 2018: $155,951Net Income 2018: -$42,6442018Revenue 2019: $683,310Expenses 2019: $124,812Net Income 2019: $558,4982019Revenue 2020: $342,860Expenses 2020: $140,342Net Income 2020: $202,5182020Revenue 2021: $218,154Expenses 2021: $203,386Net Income 2021: $14,7682021Revenue 2022: $168,275Expenses 2022: $169,695Net Income 2022: -$1,4202022Revenue 2023: $172,414Expenses 2023: $179,391Net Income 2023: -$6,9772023Revenue 2024: $142,057Expenses 2024: $175,900Net Income 2024: -$33,8432024

Highlighted filing

2018

Revenue$113,307
Expenses$155,951
Net Income-$42,644
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$114,259
Mission and Program Overview

Mission

The wellesley abc program provides academically talented and promising young women of color a better chance of educational preparedness through enrollment at wellesley high school. Wellesley abc is committed to increasing the number of well-educated women of color assuming positions of responsibility and leadership in american society.

Wellesley abc program inc.'s mission is to provide academically talented students from underserved communities with housing, academic support, and access to a rigorous college preparatory program at wellesley high school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$311,946$265,619▼ $46,327
Investments in Publicly Traded Securities$80,562$137,648▲ $57,086
Land, Buildings, and Equipment, Net$76,576$71,877▼ $4,699
Cash and Non-Interest-Bearing Accounts$84,250$45,467▼ $38,783
Prepaid Expenses and Deferred Charges$1,652$1,435▼ $217
Accounts Receivable$5,054$97▼ $4,957
Total Assets$560,040$522,143▼ $37,897
Liabilities
Accounts Payable and Accrued Expenses$3,537$3,587▲ $50
Total Liabilities$3,537$3,587▲ $50
Net Assets / Fund Balance
Unrestricted Net Assets$550,651$510,779▼ $39,872
Temporarily Rstr Net Assets$5,852$7,777▲ $1,925
Total Net Assets Fund Balance$556,503$518,556▼ $37,947
Total Liabilities and Net Assets / Fund Balance$560,040$522,143▼ $37,897

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$71,877$65,021$136,898

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$80,562$50,000▲ $7,086-$137,648
2016$73,414-▲ $7,148-$80,562
2015$69,561-▲ $3,853-$73,414
2014$66,110-▲ $3,451-$69,561
2013$57,326-▲ $8,784-$66,110
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Allison AllenCo-president
Kc KatoCo-president
Carol MorrowDirector
Catherine WardDirector
Christin GilloolyDirector
Dan LothianDirector
Debora WhiteDirector
Elizabeth LazaroDirector
Emily ShaperoDirector
Erin SullivanDirector
Gina SolomonDirector
Henri FoudaDirector
Ilissa PovichDirector
Jamie SomesDirector
Lisa CollinsDirector
Lisa GiegerDirector
Michelle ChalmersDirector
Rebecca GeorgenesDirector
Suzanne PalacinoDirector
Terri SevillaDirector
Ingrid HoughtonSecretary
Rebecca KannamTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$108,618
Program Service Revenue
$0
Investment Income
$5,641
Other Revenue
$-952
All Other Contributions
$102,074
Change in Net Assets
$-42,644
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$116,513
Salaries, Compensation, and Employee Benefits$39,438
Total Fundraising Expense$6,598
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$34,164--$34,164
Occupancy$29,959--$29,959
Fees for Services Accounting-$13,132-$13,132
Office Expenses-$3,151$6,013$9,164
Depreciation Depletion$8,342--$8,342
Other Employee Benefits$2,742--$2,742
Payroll Taxes$2,532--$2,532
Information Technology-$963-$963
Insurance-$736-$736
Other Expenses$10,659$1,442$585$585
Total Functional Expenses$129,929$19,424$6,598$155,951
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$952
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The form 990 is reviewed by all the board members at a full board meeting.”

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

“The board of directors of the corporation shall work to ensure that all affiliated persons disclose in writing on a regular basis any known conflict of interest that may exist. In addition, an affiliated person must disclose the existence of any new conflict of interest in writing to a majority of disinterested board members as soon as reasonably possible. An interested person shall be given the opportunity to present all material facts to disinterested board members and a majority shall determine whether the conflict of interest affects the best interests of the corporation and what, if any, action should be taken. If a majority of disinterested board members determines that an affiliated person has failed to disclose a conflict of interest as required, it shall take appropriate corrective action. A record of all conflict of interest reporting and board recommendations and actions shall be kept by the secretary.”

Form 990, Part VI, Section C, Line 18

“Form 1023 and form 990 are available for public inspection upon request.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Wellesley Abc Program Inc
EIN
04-2503812
Phone
7812359789
Address
396 WASHINGTON STREET NO 221, WELLESLEY, MA 02481

Signing Officer

Name
Shelley Mchale
Title
Treasurer
Phone
7812359789
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shelley Mchale
Formed
1972
Legal Domicile
Ma
Voting Board Members
22
Independent Board Members
22
Employees
4
Volunteers
50

Preparer

Firm
Anstiss & Co Pc
Address
1115 WESTFORD STREET, LOWELL, MA 01851
Preparer
Richard B Dionne
Phone
9784522500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Wellesley abc program, inc., has been granted tax-exempt status under internal revenue code section 501(c)(3) and are, therefore, generally exempt from federal and state income taxes. Accordingly, no provision for income taxes has been provided for in the accompanying consolidated financial statements. Asc 740-10, "income taxes" requires the organization to evaluate and disclose tax positions that could have an effect on the organization's financial statements. The organization reports its activities to the internal revenue service and to the commonwealth of massachusetts on an annual basis. These informational returns are generally subject to audit and review by the governmental agencies for a period of three years after filing. Substantially all of the organization's income, expenditures and activities relate to its exempt purpose, therefore, management has determined that the organization is not subject to unrelated business income taxes and will continue to qualify as tax-exempt not-for-profit entities”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0CO-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CO-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01972
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt06544
IRS990/FundraisingDirectExpensesAmt0952
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt022
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0114259
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0963
IRS990/InformationTechnologyGrp/TotalAmt0963
IRS990/InsuranceGrp/ManagementAndGeneralAmt0736
IRS990/InsuranceGrp/TotalAmt0736
IRS990/InvestmentIncomeGrp/ExclusionAmt05641
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05641
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt080562
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0137648
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt065021
IRS990/LandBldgEquipBasisNetGrp/BOYAmt076576
IRS990/LandBldgEquipBasisNetGrp/EOYAmt071877
IRS990/LandBldgEquipCostOrOtherBssAmt0136898
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WELLESLEY ABC PROGRAM, INC. WAS FORMED IN 1972 WITH ITS CORE MISSION TO PROVIDE ACADEMICALLY TALENTED STUDENTS FROM UNDERSERVED COMMUNITIES WITH HOUSING, ACADEMIC SUPPORT, AND ACCESS TO A RIGOROUS COLLEGE PREPARATORY PROGRAM AT WELLESLEY HIGH SCHOOL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0556503
IRS990/NetAssetsOrFundBalancesEOYAmt0518556
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-952
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-952
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt04697
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt01157
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt029959
IRS990/OccupancyGrp/TotalAmt029959
IRS990/OfficeExpensesGrp/FundraisingAmt06013
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03151
IRS990/OfficeExpensesGrp/TotalAmt09164
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02742
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02742
IRS990/OtherExpensesGrp/Desc0STUDENT SUPPORT
IRS990/OtherExpensesGrp/Desc1ACADEMIC AFFAIRS
IRS990/OtherExpensesGrp/Desc2STUDENT EVENTS
IRS990/OtherExpensesGrp/Desc3OTHER FUNDRAISING
IRS990/OtherExpensesGrp/FundraisingAmt0585
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01442
IRS990/OtherExpensesGrp/ProgramServicesAmt028338
IRS990/OtherExpensesGrp/ProgramServicesAmt113193
IRS990/OtherExpensesGrp/ProgramServicesAmt210659
IRS990/OtherExpensesGrp/TotalAmt028338
IRS990/OtherExpensesGrp/TotalAmt114635
IRS990/OtherExpensesGrp/TotalAmt210659
IRS990/OtherExpensesGrp/TotalAmt3585
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt034164
IRS990/OtherSalariesAndWagesGrp/TotalAmt034164
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt02532
IRS990/PayrollTaxesGrp/TotalAmt02532
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01652
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01435
IRS990/PrincipalOfficerNm0SHELLEY MCHALE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0149003
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03703
IRS990/PYOtherExpensesAmt0118480
IRS990/PYOtherRevenueAmt020612
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt016044
IRS990/PYSalariesCompEmpBnftPaidAmt038794
IRS990/PYTotalExpensesAmt0157274
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0173318
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-42644
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0311946
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0265619
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0108618
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0149003
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0199433
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0134902
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0129305
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0721261
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05641
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03703
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02673
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02258
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03227
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017502
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75330
IRS990ScheduleA/PublicSupportPY170Pct00.77890
IRS990ScheduleA/PublicSupportTotal170Amt0556521
IRS990ScheduleA/SubstantialContributorsTotAmt0164740
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0108618
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0149003
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0199433
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0134902
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0129305
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0721261
IRS990ScheduleA/TotalSupportAmt0738763
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt080562
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0137648
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt07086
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt073414
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt080562
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07148
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt069561
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt073414
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03853
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt066110
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt069561
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03451
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt057326
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt066110
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08784
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt071877
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt065021
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0136898
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WELLESLEY ABC PROGRAM, INC., HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND ARE, THEREFORE, GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. ASC 740-10, "INCOME TAXES" REQUIRES THE ORGANIZATION TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. SUBSTANTIALLY ALL OF THE ORGANIZATION'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS TAX-EXEMPT NOT-FOR-PROFIT ENTITIES

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$522,143
Liabilities
$3,587
Net assets
$518,556
Revenue
$113,307
Expenses
$155,951
Net income
-$42,644
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.54$0.26$1.28$0.14$0.18$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.56$0.25$1.31$0.17$0.18$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.59$0.28$1.31$0.17$0.17$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.60$0.29$1.32$0.22$0.20$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.61$0.31$1.30$0.34$0.14$0.20
2019Detailed filing. Detailed filing data is available for this year.$1.09$0.01$1.09$0.68$0.12$0.56
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.11$0.16$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.17$0.16$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.24$0.14$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.43$0.18$0.15$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.42$0.01$0.41$0.18$0.14$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.01$0.36$0.19$0.14$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.01$0.31$0.16$0.12$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.01$0.27$0.17$0.13$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.00$0.22$0.18$0.13$0.05