Civic Intelligence

Preshco Inc.

990 • Fiscal year 2016 • EIN 27-0436350

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

Organization ProfileN/A
106 Central St Wellesley CollegeWellesley, MA 02481

(781) 283-1000

Siviq Scores

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

Liabilities / Assets

36th percentile

0.04x

Higher debt load relative to assets than 36% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

29th percentile

0.03x

Higher debt load relative to revenue than 29% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

63rd percentile

7.0%

Higher net margin than 63% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

52nd percentile

$67,000

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

74th percentile

11%

Faster asset growth than 74% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

73rd percentile

16%

Faster revenue growth than 73% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$1,123,277

Up $112,959 (+11%) from 2015

Net Assets

Up

$1,083,604

Up $92,832 (+9.4%) from 2015

Liabilities

Up

$39,673

Up $20,127 (+103%) from 2015

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin63rd percentile

Revenue

Up

$1,329,625

Up $187,542 (+16%) from 2015

Expenses

Up

$1,236,793

Up $33,196 (+2.8%) from 2015

Net Income

Up

$92,832

Up $154,346 (+251%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $868,173Liabilities 2011: $406Net Assets 2011: $867,7672011Assets 2012: $1,079,446Liabilities 2012: $1,526Net Assets 2012: $1,077,9202012Assets 2013: $1,234,359Liabilities 2013: $722Net Assets 2013: $1,233,6372013Assets 2014: $1,057,935Liabilities 2014: $5,649Net Assets 2014: $1,052,2862014Assets 2015: $1,010,318Liabilities 2015: $19,546Net Assets 2015: $990,7722015Assets 2016: $1,123,277Liabilities 2016: $39,673Net Assets 2016: $1,083,6042016Assets 2017: $1,302,611Liabilities 2017: $116,711Net Assets 2017: $1,185,9002017Assets 2018: $1,292,080Liabilities 2018: $42,434Net Assets 2018: $1,249,6462018Assets 2024: $528,986Liabilities 2024: $254,150Net Assets 2024: $274,8362024

Highlighted filing

2016

Assets$1,123,277
Liabilities$39,673
Net Assets$1,083,604
Open 2016 Filing

Operations Trend

Revenue Growth73rd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,432,7042011Expenses 2012: $1,486,0162012Expenses 2013: $1,395,8672013Revenue 2014: $1,167,744Expenses 2014: $1,349,095Net Income 2014: -$181,3512014Revenue 2015: $1,142,083Expenses 2015: $1,203,597Net Income 2015: -$61,5142015Revenue 2016: $1,329,625Expenses 2016: $1,236,793Net Income 2016: $92,8322016Revenue 2017: $1,119,582Expenses 2017: $1,017,286Net Income 2017: $102,2962017Revenue 2018: $1,377,071Expenses 2018: $1,312,325Net Income 2018: $64,7462018Revenue 2024: $968,912Expenses 2024: $905,895Net Income 2024: $63,0172024

Highlighted filing

2016

Revenue$1,329,625
Expenses$1,236,793
Net Income$92,832
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$1,329,625
Mission and Program Overview

Mission

Preshco exists to operate a study abroad program at the university of cordoba in cordoba, spain for the benefit of smith college and wellesley college and is open to non-consortium students by application to the program. Preshco's mission is to encourage the intellectual and personal growth that comes from cultural immersion, to offer an opportunity to strengthen acquisition of the spanish language, and to foster knowledge and appreciation of spanish culture through studies in the humanities, social sciences, fine arts, and the natural sciences.

Preshco exists to operate a study abroad program at the university of cordoba in cordoba, spain for the benefit of oberlin college, smith college, and wellesley college and is open to non-consortium students by application to the program. Preshco's mission is to encourage the intellectual and personal growth that comes from cultural immersion, to offer an opportunity to strengthen acquisition of the spanish language, and to foster knowledge and appreciation of spanish culture through studies in the humanities, social sciences, fine arts, and the natural sciences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,187,114$1,123,277▼ $63,837
Accounts Receivable$1,812--
Total Assets$1,188,926$1,123,277▼ $65,649
Liabilities
Accounts Payable and Accrued Expenses$198,154$39,673▼ $158,481
Total Liabilities$198,154$39,673▼ $158,481
Net Assets / Fund Balance
Unrestricted Net Assets$990,772$1,083,604▲ $92,832
Total Net Assets Fund Balance$990,772$1,083,604▲ $92,832
Total Liabilities and Net Assets / Fund Balance$1,188,926$1,123,277▼ $65,649
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Stacia BielProgram AdministratorFT$67,000$67,000

Board Members and Trustees

NameTitle
Rebecca HoveyPresident
Carlos VegaBoard Member
Jennifer Thomas StarckBoard Member
Nancy SternbachBoard Member
Melissa FletcherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,329,625
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$92,832

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,329,625
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,329,625
Total Revenue per Form 990
$1,329,625
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,109,568
Salaries, Compensation, and Employee Benefits$91,225
Grants and Similar Amounts Paid$36,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$292,174$69,367-$361,541
Current Officers, Directors, Trustees, and Key Employees-$67,000-$67,000
Occupancy$10,958$47,996-$58,954
Other Expenses$250,719$48,986-$48,986
Conferences and Meetings$13,013$30,010-$43,023
Foreign Grants$36,000--$36,000
Office Expenses$11,179$16,455-$27,634
Travel$5,446$21,782-$27,228
Fees for Services Accounting-$16,280-$16,280
Payroll Taxes$8,543$7,638-$16,181
Other Employee Benefits$4,247$3,797-$8,044
Fees for Services Legal-$6,692-$6,692
Insurance$1,155$4,622-$5,777
Total Functional Expenses$822,329$414,464$0$1,236,793

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,236,793
Total Expenses per Audited Statements$1,236,793
Total Expenses per Form 990$1,236,793
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
1
Employees
5
Spending
$889,516

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Study Abroad Program in SpainProgram ServicesTWO 13-WEEK SEMESTERS OF CLASSES; CULTURAL VISITS AND FIELD TRIPS; INTERNSHIPS FOR THE STUDENTS; AND THE IMPROVEMENT AND PRACTICE OF THE SPANISH LANGUAGE.15$889,516
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

“Preshco is comprised of three members through june 30, 2015. Each member is an institution that permits its students to participate for academic credit in the preshco program in cordoba, spain.”

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

“The representatives of the member institutions have the power to elect two executive directors and one resident director. The executive directors each serve a three year renewable term. The resident director serves a one year renewable term.”

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

“The member institutions are consulted on issues of the signing of documents and the admitting of new members to the consortium.”

Form 990, Part VI, Section A, Line 8B

“Written minutes are taken and recorded at every meeting and retreat.”

Form 990, Part VI, Section B, Line 11

“When the form 990 is completed, copies are sent to each board member for review and discussion.”

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

“The organization will distribute a conflict of interest policy questionnaire at or before each annual meeting. These will be kept on file with the corporate books.”

Form 990, Part VI, Section B, Line 15

“The board of directors votes and approves the salary each year for the executive directors, resident director, and all other salaries.”

Form 990, Part VI, Section C, Line 19

“All such documents will be made available to the public upon request and on-line at guidestar.com as well as the ma attorney general's website.”

Filing and Contact Details

Filer

Filer Name
Preshco Inc
EIN
27-0436350
Phone
7812831000
Address
106 CENTRAL ST WELLESLEY COLLEGE, WELLESLEY, MA 02481

Signing Officer

Name
Stacia Biel
Title
Program Administrator
Phone
7812831000
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacia Biel
Formed
2009
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
5

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
21 EAST MAIN STREET, WESTBOROUGH, MA 01581
Preparer
Thomas Washburn CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 180,379. Management and general expenses 36,418. Fundraising expenses 0. Total expenses 216,797. Compensation of consultants through colleges: program service expenses 111,795. Management and general expenses 32,949. Fundraising expenses 0. Total expenses 144,744.”

Financial Statement Notes

PART X, LINE 2:

“Preshco follows the u.s. Gaap standards for accounting for uncertainty in income taxes, which requires preshco to report uncertain tax positions, related interest and penalties, and to adjust its unrecognized tax benefits and accrued interest and penalties accordingly. As of june 30, 2016, preshco determined that there are no material unrecognized tax benefits to report. Preshco files information returns in the united states federal and massachusetts state jurisdictions. These returns are generally subject to examination by tax authorities for the last three years.”

Raw XML AppendixShowing 400 of 422 raw XML fields

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IRS990/PYProgramServiceRevenueAmt01140000
IRS990/PYRevenuesLessExpensesAmt0-61514
IRS990/PYSalariesCompEmpBnftPaidAmt025504
IRS990/PYTotalExpensesAmt01203597
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01142083
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt092832
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01329625
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02083
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02867
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07711
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02112
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt014773
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01329625
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01140000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01164877
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01543873
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01694057
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06872432
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02083
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02867
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07711
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02112
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt014773
IRS990ScheduleA/InvestmentIncomeCYPct00.00210
IRS990ScheduleA/InvestmentIncomePYPct00.00250
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.68430
IRS990ScheduleA/PublicSupportPY509Pct00.74400
IRS990ScheduleA/PublicSupportTotal509Amt04712575
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0543036
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0517266
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0482154
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0344497
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0272904
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02159857
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0543036
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0517266
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0482154
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0344497
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0272904
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt02159857
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01329625
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01140000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01164877
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01543873
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01694057
IRS990ScheduleA/Total509Grp/TotalAmt06872432
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01329625
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01142083
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01167744
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01551584
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01696169
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06887205
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01236793
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01329625
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PRESHCO FOLLOWS THE U.S. GAAP STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES PRESHCO TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO ADJUST ITS UNRECOGNIZED TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF JUNE 30, 2016, PRESHCO DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. PRESHCO FILES INFORMATION RETURNS IN THE UNITED STATES FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01236793
IRS990ScheduleD/TotalRevenuePerForm990Amt01329625
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01329625
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01236793
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt05
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0889516
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0STUDY ABROAD PROGRAM IN SPAIN
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0TWO 13-WEEK SEMESTERS OF CLASSES; CULTURAL VISITS AND FIELD TRIPS; INTERNSHIPS FOR THE STUDENTS; AND THE IMPROVEMENT AND PRACTICE OF THE SPANISH LANGUAGE.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt036000
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0PAYMENT IS MADE TO THE U.S. UNIVERSITY WHERE THE UCO STUDENT WILL STUDY
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt02
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0SCHOLARSHIPS
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt05
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt0889516
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE SCHOLARSHIP IS AWARDED TO A STUDENT ATTENDING THE UNIVERSITY OF CORDOBA IN SPAIN, BUT IS PAID DIRECTLY TO THE U.S. UNIVERSITY. ON EACH CAMPUS THE SCHOLARSHIP FUNDS ARE MONITORED BY THE OFFICE OF THE PROVOST. THE FUNDS GO DIRECTLY TO THAT OFFICE AND ARE DISTRIBUTED ACCORDING TO THAT UNIVERSITY'S AGREEMENT WITH THE UNIVERSITY OF CORDOBA.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/TotalEmployeeCnt05
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt0889516
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESHCO IS COMPRISED OF THREE MEMBERS THROUGH JUNE 30, 2015. EACH MEMBER IS AN INSTITUTION THAT PERMITS ITS STUDENTS TO PARTICIPATE FOR ACADEMIC CREDIT IN THE PRESHCO PROGRAM IN CORDOBA, SPAIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE REPRESENTATIVES OF THE MEMBER INSTITUTIONS HAVE THE POWER TO ELECT TWO EXECUTIVE DIRECTORS AND ONE RESIDENT DIRECTOR. THE EXECUTIVE DIRECTORS EACH SERVE A THREE YEAR RENEWABLE TERM. THE RESIDENT DIRECTOR SERVES A ONE YEAR RENEWABLE TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBER INSTITUTIONS ARE CONSULTED ON ISSUES OF THE SIGNING OF DOCUMENTS AND THE ADMITTING OF NEW MEMBERS TO THE CONSORTIUM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WRITTEN MINUTES ARE TAKEN AND RECORDED AT EVERY MEETING AND RETREAT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WHEN THE FORM 990 IS COMPLETED, COPIES ARE SENT TO EACH BOARD MEMBER FOR REVIEW AND DISCUSSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION WILL DISTRIBUTE A CONFLICT OF INTEREST POLICY QUESTIONNAIRE AT OR BEFORE EACH ANNUAL MEETING. THESE WILL BE KEPT ON FILE WITH THE CORPORATE BOOKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS VOTES AND APPROVES THE SALARY EACH YEAR FOR THE EXECUTIVE DIRECTORS, RESIDENT DIRECTOR, AND ALL OTHER SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL SUCH DOCUMENTS WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND ON-LINE AT GUIDESTAR.COM AS WELL AS THE MA ATTORNEY GENERAL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 180,379. MANAGEMENT AND GENERAL EXPENSES 36,418. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 216,797. COMPENSATION OF CONSULTANTS THROUGH COLLEGES: PROGRAM SERVICE EXPENSES 111,795. MANAGEMENT AND GENERAL EXPENSES 32,949. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 144,744.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/StatesWhereCopyOfReturnIsFldCd1OH
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01188926
IRS990/TotalAssetsEOYAmt01123277
IRS990/TotalAssetsGrp/BOYAmt01188926
IRS990/TotalAssetsGrp/EOYAmt01123277
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0414464
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0822329
IRS990/TotalFunctionalExpensesGrp/TotalAmt01236793
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0198154
IRS990/TotalLiabilitiesEOYAmt039673
IRS990/TotalLiabilitiesGrp/BOYAmt0198154
IRS990/TotalLiabilitiesGrp/EOYAmt039673
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0990772
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01083604
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0822329
IRS990/TotalProgramServiceRevenueAmt01329625
IRS990/TotalReportableCompFromOrgAmt067000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01329625
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01329625
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01188926
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01123277
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt021782
IRS990/TravelGrp/ProgramServicesAmt05446
IRS990/TravelGrp/TotalAmt027228
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0990772
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01083604
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0106 CENTRAL ST WELLESLEY COLLEGE
IRS990/USAddress/CityNm0WELLESLEY
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002481
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STACIA BIEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PROGRAM ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07812831000

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,123,277
Liabilities
$39,673
Net assets
$1,083,604
Revenue
$1,329,625
Expenses
$1,236,793
Net income
$92,832
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.53$0.25$0.27$0.97$0.91$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.29$0.04$1.25$1.38$1.31$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.30$0.12$1.19$1.12$1.02$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.12$0.04$1.08$1.33$1.24$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.01$0.02$0.99$1.14$1.20$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.06$0.01$1.05$1.17$1.35$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.00$1.23$1.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.00$1.08$1.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.00$0.87$1.43