Civic Intelligence

Wharton Alumni Angels

EIN 81-4641280 • 501(c)6 • Palo Alto, CA

Profile

To strengthen the entrepreneurial ecosystem for alumni of the wharton school of the university of pennsylvania. The corporation is dedicated to supporting the school's students & alumni, by cultivating early-stage investors and entrepreneurs.

650 Page Mill RoadPalo Alto, CA 94304

www.whartonalumniangels.com

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

16th percentile

-31%

Higher net margin than 16% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

28th percentile

-15%

Faster asset growth than 28% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

37th percentile

-6.0%

Faster revenue growth than 37% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$18,592

Down $23,252 (-56%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$18,592

Down $23,252 (-56%) from 2023

Operations
Liabilities / Revenue50th percentileNet Margin16th percentile

Revenue

Down

$74,210

Down $10,171 (-12%) from 2023

Expenses

Up

$97,462

Up $29,001 (+42%) from 2023

Net Income

Down

-$23,252

Down $39,172 (-246%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth28th percentile

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

$60K$40K$20K$0Assets 2017: $8,252Liabilities 2017: $0Net Assets 2017: $8,2522017Assets 2018: $11,117Liabilities 2018: $0Net Assets 2018: $11,1172018Assets 2019: $8,992Liabilities 2019: $0Net Assets 2019: $8,9922019Assets 2021: $11,797Liabilities 2021: $0Net Assets 2021: $11,7972021Assets 2022: $25,924Liabilities 2022: $0Net Assets 2022: $25,9242022Assets 2023: $41,844Liabilities 2023: $0Net Assets 2023: $41,8442023Assets 2024: $18,592Liabilities 2024: $0Net Assets 2024: $18,5922024

Highlighted filing

2024

Assets$18,592
Liabilities$0
Net Assets$18,592
Open 2024 Filing

Operations Trend

Revenue Growth37th percentile

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

$100K$50K$0-$50KRevenue 2017: $16,744Expenses 2017: $8,492Net Income 2017: $8,2522017Revenue 2018: $16,921Expenses 2018: $14,056Net Income 2018: $2,8652018Revenue 2019: $39,732Expenses 2019: $41,857Net Income 2019: -$2,1252019Revenue 2021: $67,622Expenses 2021: $62,167Net Income 2021: $5,4552021Revenue 2022: $83,980Expenses 2022: $69,853Net Income 2022: $14,1272022Revenue 2023: $84,381Expenses 2023: $68,461Net Income 2023: $15,9202023Revenue 2024: $74,210Expenses 2024: $97,462Net Income 2024: -$23,2522024

Highlighted filing

2024

Revenue$74,210
Expenses$97,462
Net Income-$23,252
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,592
Liabilities
$0
Net assets
$18,592
Revenue
$74,210
Expenses
$97,462
Net income
-$23,252
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.6$0.00$18.6$74.2$97.5$23.3
2023Detailed filing. Detailed filing data is available for this year.$41.8$0.00$41.8$84.4$68.5$15.9
2022Detailed filing. Detailed filing data is available for this year.$25.9$0.00$25.9$84.0$69.9$14.1
2021Detailed filing. Detailed filing data is available for this year.$11.8$0.00$11.8$67.6$62.2$5.46
2019Detailed filing. Detailed filing data is available for this year.$8.99$0.00$8.99$39.7$41.9$2.13
2018Detailed filing. Detailed filing data is available for this year.$11.1$0.00$11.1$16.9$14.1$2.87
2017Detailed filing. Detailed filing data is available for this year.$8.25$0.00$8.25$16.7$8.49$8.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jul 15, 2025
Return Version
2023v6.0
Gross Receipts
$74,210
Mission and Program Overview

Mission

To strengthen the entrepreneurial ecosystem for alumni of the Wharton School of The University of Pennsylvania. The corporation is dedicated to supporting the school's over 400 students & over 5,000 alumni, by cultivating early-stage investors and entrepreneurs.

To strengthen the entrepreneurial ecosystem for alumni of the wharton school of the university of pennsylvania. The corporation is dedicated to supporting the school's students & alumni, by cultivating early-stage investors and entrepreneurs.

Program Services

DescriptionGrantsExpenses
THE CORPORATION PROVIDES ITS MEMBERS EDUCATION ABOUT AND ACCESS TO EARLY-STAGE INVESTING OPPORTUNITIES. THE CORPORATION ALSO PROVIDES ENTREPRENEURS SUPPORT FOR GROWING THEIR BUSINESSES.--
THE CORPORATION PROVIDES EDUCATIONAL, PROFESSIONAL DEVELOPMENT ADVISING AND MENTORING OPPORTUNITIES TO INVESTORS, ENTREPRENEURS AND TO OVER 400 STUDENTS. EDUCATIONAL EVENTS ARE OPEN TO THE PUBLIC.--
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN BRAZEBoard Director-$0--
NATE JEWELLBoard Director-$0--
ELLEN CHANGPresident/SecretaryPT$0--
JULIE LAWRENCEBoard Director-$0--
LAURA HAUNGBoard Director-$0--
IRENE ZHANGCFO & Treasurer-$0--
Political and Lobbying Activity
In-house lobbying only
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$0
Filing and Contact Details

Filer

Filer Name
Wharton Alumni Angels
EIN
81-4641280
Phone
4157500522
Address
650 PAGE MILL ROAD, PALO ALTO, CA 94304

Signing Officer

Name
Irene Zhang
Title
CFO & Treasurer
Phone
4157500522
Signed
2025-07-15
Discuss with paid preparer
Yes

Preparer

Firm
Forvis Mazars LLP
Address
111 South Tejon Suite 800, Colorado Springs, CO 80903-9848
Preparer
Adam R Smith
Phone
7194714290
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 Other Expenses

“Bank charges & fees - 11573; dues & subscriptions - 10212; federal & state tax - 1805; insurance - 2927; due from related party - 8100; provider payment fees - 2300;”

Form 990-EZ, Part III, Exempt Purpose PRIMARY EXEMPT PURPOSE

“To strengthen the entrepreneurial ecosystem for alumni of the wharton school of the university of pennsylvania. The corporation is dedicated to supporting the school's students & alumni, by cultivating early-stage investors and entrepreneurs.”

Part V Personal Benefit Contract

“During the year, the organization, did not receive any funds, directly or indirectly, to pay premiums on a personal benefit contract and the organization did not pay premiums, directly or indrectly, on a personal benefit contract.”

Raw XML Appendix133 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.

Path#Value
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IRS990EZ/Form1120PolFiledInd0false
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IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt074210
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt074210
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt041844
IRS990EZ/NetAssetsOrFundBalancesEOYAmt018592
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.000
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.000
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOHN BRAZE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1NATE JEWELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ELLEN CHANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JULIE LAWRENCE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT/SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5CFO & TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt036917
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO STRENGTHEN THE ENTREPRENEURIAL ECOSYSTEM FOR ALUMNI OF THE WHARTON SCHOOL OF THE UNIVERSITY OF PENNSYLVANIA. THE CORPORATION IS DEDICATED TO SUPPORTING THE SCHOOL'S STUDENTS & ALUMNI, BY CULTIVATING EARLY-STAGE INVESTORS AND ENTREPRENEURS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE CORPORATION PROVIDES ITS MEMBERS EDUCATION ABOUT AND ACCESS TO EARLY-STAGE INVESTING OPPORTUNITIES. THE CORPORATION ALSO PROVIDES ENTREPRENEURS SUPPORT FOR GROWING THEIR BUSINESSES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1THE CORPORATION PROVIDES EDUCATIONAL, PROFESSIONAL DEVELOPMENT ADVISING AND MENTORING OPPORTUNITIES TO INVESTORS, ENTREPRENEURS AND TO OVER 400 STUDENTS. EDUCATIONAL EVENTS ARE OPEN TO THE PUBLIC.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0true
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt097462
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt074210
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTPS://WWW.WHARTONALUMNIANGELS.COM/
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt00
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BANK CHARGES & FEES - 11573; DUES & SUBSCRIPTIONS - 10212; FEDERAL & STATE TAX - 1805; INSURANCE - 2927; DUE FROM RELATED PARTY - 8100; PROVIDER PAYMENT FEES - 2300;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO STRENGTHEN THE ENTREPRENEURIAL ECOSYSTEM FOR ALUMNI OF THE WHARTON SCHOOL OF THE UNIVERSITY OF PENNSYLVANIA. THE CORPORATION IS DEDICATED TO SUPPORTING THE SCHOOL'S STUDENTS & ALUMNI, BY CULTIVATING EARLY-STAGE INVESTORS AND ENTREPRENEURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DURING THE YEAR, THE ORGANIZATION, DID NOT RECEIVE ANY FUNDS, DIRECTLY OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT AND THE ORGANIZATION DID NOT PAY PREMIUMS, DIRECTLY OR INDRECTLY, ON A PERSONAL BENEFIT CONTRACT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16 Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part III, Exempt Purpose PRIMARY EXEMPT PURPOSE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part V Personal Benefit Contract
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0IRENE ZHANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO & TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04157500522
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Wharton Alumni Angels
ReturnHeader/Filer/BusinessNameControlTxt0WHAR
ReturnHeader/Filer/EIN0814641280
ReturnHeader/Filer/PhoneNum04157500522
ReturnHeader/Filer/USAddress/AddressLine1Txt0650 PAGE MILL ROAD
ReturnHeader/Filer/USAddress/CityNm0PALO ALTO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094304
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0440160260
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 South Tejon Suite 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Colorado Springs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0809039848
ReturnHeader/PreparerPersonGrp/PhoneNum07194714290
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Adam R Smith
ReturnHeader/ReturnTs02025-07-15T13:11:22+00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

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