Civic Intelligence

Womans Educational Aid Association

990 • Fiscal year 2017 • EIN 36-3049387

Sep 01, 2016 to Aug 31, 2017 • Filed on Jan 06, 2018

c/o Helen Gagel 804 Oakton St 1EEvanston, IL 60202

(847) 275-0326

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

86th percentile

33%

Higher net margin than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

48th percentile

2.5%

Faster asset growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

93%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,027,373

Up $98,039 (+2.5%) from 2016

Net Assets

Up

$4,027,373

Up $98,039 (+2.5%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$297,200

Up $143,264 (+93%) from 2016

Expenses

Down

$199,161

Down $20,905 (-9.5%) from 2016

Net Income

Up

$98,039

Up $164,169 (+248%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,829,108Liabilities 2011: $0Net Assets 2011: $3,829,1082011Assets 2012: $3,845,263Liabilities 2012: $0Net Assets 2012: $3,845,2632012Assets 2013: $3,878,229Liabilities 2013: $0Net Assets 2013: $3,878,2292013Assets 2014: $3,950,705Liabilities 2014: $0Net Assets 2014: $3,950,7052014Assets 2015: $3,995,464Liabilities 2015: $0Net Assets 2015: $3,995,4642015Assets 2016: $3,929,334Liabilities 2016: $0Net Assets 2016: $3,929,3342016Assets 2017: $4,027,373Liabilities 2017: $0Net Assets 2017: $4,027,3732017Assets 2018: $4,089,875Liabilities 2018: $0Net Assets 2018: $4,089,8752018Assets 2019: $4,062,588Liabilities 2019: $0Net Assets 2019: $4,062,5882019Assets 2020: $4,090,774Liabilities 2020: $0Net Assets 2020: $4,090,7742020Assets 2021: $4,239,412Liabilities 2021: $0Net Assets 2021: $4,239,4122021Assets 2022: $4,457,150Liabilities 2022: $0Net Assets 2022: $4,457,1502022Assets 2023: $4,392,089Liabilities 2023: $0Net Assets 2023: $4,392,0892023Assets 2024: $4,192,479Liabilities 2024: $0Net Assets 2024: $4,192,4792024

Highlighted filing

2017

Assets$4,027,373
Liabilities$0
Net Assets$4,027,373

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $193,7202011Expenses 2012: $174,7892012Expenses 2013: $187,2942013Revenue 2014: $227,180Expenses 2014: $200,279Net Income 2014: $26,9012014Revenue 2015: $251,245Expenses 2015: $206,486Net Income 2015: $44,7592015Revenue 2016: $153,936Expenses 2016: $220,066Net Income 2016: -$66,1302016Revenue 2017: $297,200Expenses 2017: $199,161Net Income 2017: $98,0392017Revenue 2018: $290,663Expenses 2018: $228,161Net Income 2018: $62,5022018Revenue 2019: $219,862Expenses 2019: $247,149Net Income 2019: -$27,2872019Revenue 2020: $223,398Expenses 2020: $195,212Net Income 2020: $28,1862020Revenue 2021: $430,639Expenses 2021: $282,001Net Income 2021: $148,6382021Revenue 2022: $454,032Expenses 2022: $236,294Net Income 2022: $217,7382022Revenue 2023: $166,789Expenses 2023: $231,850Net Income 2023: -$65,0612023Revenue 2024: $41,842Expenses 2024: $241,452Net Income 2024: -$199,6102024

Highlighted filing

2017

Revenue$297,200
Expenses$199,161
Net Income$98,039
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jan 6, 2018
Return Version
2016v3.0
Gross Receipts
$297,200
Mission and Program Overview

Mission

Financial aid to needy students at Northwestern University

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$283,040$303,261▲ $20,221
Cash and Non-Interest-Bearing Accounts$10,000$11,839▲ $1,839
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,929,334$4,027,373▲ $98,039
Other Assets Total$3,636,294$3,712,273▲ $75,979
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,636,294$3,712,273▲ $75,979
Unrestricted Net Assets$293,040$315,100▲ $22,060
Total Net Assets Fund Balance$3,929,334$4,027,373▲ $98,039
Total Liabilities and Net Assets / Fund Balance$3,929,334$4,027,373▲ $98,039

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$3,636,294-▲ $75,978-$3,712,273
2015$3,692,095-▼ $55,801-$3,636,294
2014$3,640,214-▲ $51,881-$3,692,095
2013$3,605,516-▲ $34,698-$3,640,214
2012$3,592,091-▲ $13,425-$3,605,516
Compensation and Service Providers

Board Members and Trustees

NameTitle
Martha KofoedRooms Chairman
Carolyn Lorenz UtechSocial Chair
Jacqueline S BryantPresident
Betty Terry-LundyVice President
Judith SingletonBoard Member
Precious WrightBoard Member
Easter YoungAlumni Rel. CHR
Marti R BjornsonArchives CHM.
Agnes RoachArchives/Fin.
Marcellee Fullwood-PakalnisAsst Treasurer
Ida SamuelEducational Aid
Linda FordEducational Aid
Samantha GordonEducational Aid
Joyce Kahler-GordonSecretary/Bylaw
Helen C GagelTreasurer
Nancy StewartWeb Design Comm

Highest Paid Contractors

ContractorServicesLocationCompensation
NA--None Paid over 50000---
Revenue and Support

Revenue Composition

Contributions and Grants
$7,000
Program Service Revenue
$0
Investment Income
$290,200
Other Revenue
$0
All Other Contributions
$7,000
Change in Net Assets
$98,039
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$191,831
Other Expenses$7,330
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$191,831--$191,831
Conferences and Meetings$3,362--$3,362
Fees for Services Accounting-$1,150-$1,150
Other Expenses-$68-$68
Total Functional Expenses$195,193$3,968$0$199,161
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The tax return is reviewed by the Treasurer prior to signing and filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The State of Illinois Office of the Attorney General has a web site which posts tax returns of charitable organizations, including the State Return and the Federal 990. The public can view the site and obtain the financial information.

Filing and Contact Details

Filer

Filer Name
Womans Educational Aid Association
EIN
36-3049387
Phone
8472750326
Address
c/o Helen Gagel 804 Oakton St 1E, Evanston, IL 60202

Signing Officer

Name
Helen C Gagel
Title
Treasurer
Signed
2018-01-06
Discuss with paid preparer
Yes

Organization Details

Formed
1874
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
18

Preparer

Firm
Linda M Forsberg CPA
Address
521 Sheridan Rd, Kenilworth, IL 60043
Preparer
Linda M Forsberg CPA
Phone
8472561303
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

To earn income that funds tuition and educational expenses for needy students at Northwestern University.

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IRS990/IRPDocumentCnt01
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Financial aid to needy students at Northwestern University
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03929334
IRS990/NetAssetsOrFundBalancesEOYAmt04027373
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt03636294
IRS990/OtherAssetsTotalGrp/EOYAmt03712273
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Web Site
IRS990/OtherExpensesGrp/Desc1Sundry
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02750
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt168
IRS990/OtherExpensesGrp/TotalAmt02750
IRS990/OtherExpensesGrp/TotalAmt168
IRS990/OtherRevenueTotalAmt00
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IRS990/PartialLiquidationInd0false
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IRS990/PayrollTaxesGrp/TotalAmt00
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IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03636294
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0The Woman's Educational Aid Association also provides our scholars with assistance to meet educational, graduation, and special needs expenses. Twenty two students benefitted from our program.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt042231
IRS990/ProgSrvcAccomActy3Grp/Desc0The Woman's Educational Aid Association holds meetings for all students to interact with one another and to be mentored by board members.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt03362
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01950
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0215349
IRS990/PYInvestmentIncomeAmt0151986
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04717
IRS990/PYRevenuesLessExpensesAmt0-66130
IRS990/PYTotalExpensesAmt0220066
IRS990/PYTotalRevenueAmt0153936
IRS990/QuidProQuoContributionsInd0false
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt098039
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Woman's Educational Aid Association is an independent organization supporting tuition and other assistance to Northwestern University needy students from investment revenue. Although we work with Northwestern University to determine the needy students, Northwestern University does not have any direction over the policies, programs, activities or the officers and directors of the WEAA. The investment department at Northwestern University manages Merged Pool 750 from which we derive our income to provide this assistance.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section B, Line 1: Explanation Of How Supported Orgs. Managed Actvities
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0362167817
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0149600
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Northwestern University
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0149600
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03636294
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03712273
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt075978
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03692095
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03636294
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-55801
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03640214
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03692095
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt051881
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03605516
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03640214
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt034698
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03592091
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03605516
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013425
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0true
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RelatedOrgListSchRInd0true
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0To earn income that funds tuition and educational expenses for needy students at Northwestern University.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.19$0.00$4.19$0.04$0.24$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.39$0.00$4.39$0.17$0.23$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.46$0.00$4.46$0.45$0.24$0.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.24$0.00$4.24$0.43$0.28$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.09$0.00$4.09$0.22$0.20$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.06$0.00$4.06$0.22$0.25$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.09$0.00$4.09$0.29$0.23$0.06
2017Detailed filing. Detailed filing data is available for this year.$4.03$0.00$4.03$0.30$0.20$0.10
2016Detailed filing. Detailed filing data is available for this year.$3.93$0.00$3.93$0.15$0.22$0.07
2015Detailed filing. Detailed filing data is available for this year.$4.00$0.00$4.00$0.25$0.21$0.04
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.95$0.00$3.95$0.23$0.20$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.88$0.00$3.88$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.85$0.00$3.85$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$0.00$3.83$0.19