Civic Intelligence

Wharton Alumni Angels

990EZ • Fiscal year 2022 • EIN 81-4641280

Oct 01, 2021 to Sep 30, 2022 • Filed on Jan 06, 2023

Organization Profilewww.whartonalumniangels.com
650 Page Mill RoadPalo Alto, CA 94304

(415) 750-0522

Siviq Scores

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

Liabilities / Assets

45th percentile

0.00x

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

45th percentile

0.00x

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

97th percentile

120%

Faster asset growth than 97% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

63rd percentile

24%

Faster revenue growth than 63% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$25,924

Up $14,127 (+120%) from 2021

Net Assets

Up

$25,924

Up $14,127 (+120%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin75th percentile

Revenue

Up

$83,980

Up $16,358 (+24%) from 2021

Expenses

Up

$69,853

Up $7,686 (+12%) from 2021

Net Income

Up

$14,127

Up $8,672 (+159%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$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

2022

Assets$25,924
Liabilities$0
Net Assets$25,924
Open 2022 Filing

Operations Trend

Revenue Growth63rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$83,980
Expenses$69,853
Net Income$14,127
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jan 6, 2023
Return Version
2021v4.2
Gross Receipts
$83,980
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 Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John BrazePresident/SecretaryPT$0--
Deb BardHanBoard DirectorPT$0--
Nate JewellBoard Director-$0--
Ellen ChangChief Operating Officer-$0--
Julie LawrenceBoard Director-$0--
Laura HuangBoard Director-$0--
IRENE ZHANGCFO & Treasurer-$0--
Political and Lobbying Activity
In-house lobbying only
Yes
Filing and Contact Details

Filer

Filer Name
Wharton Alumni Angels
EIN
81-4641280
In Care Of
% SPENCER BARRETT
Phone
4157500522
Address
650 Page Mill Road, Palo Alto, CA 94304

Signing Officer

Name
Irene Zhang
Title
CFO & Treasurer
Phone
4157500522
Signed
2023-01-06
Discuss with paid preparer
Yes

Preparer

Firm
Forvis Llp
Address
250 E 200 S SUITE 1200, SALT LAKE CITY, UT 84111
Preparer
Adma R Smith CPA
Phone
8015319100
Supplemental Narrative

Additional Explanations

Form 990EZ Part I Line 16

“Description:BANK FEES Amount:162”

Form 990EZ Part I Line 16

“Description:INSURANCE Amount:2927”

Form 990EZ Part I Line 16

“Description:DUES & SUBSCRIPTION Amount:16522”

Form 990EZ Part I Line 16

“Description:TAXES Amount:890”

Form 990EZ Part I Line 16

“Description:PAYMENT PROVIDER FEES Amount:2569”

Raw XML Appendix147 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/BooksInCareOfDetail/USAddress/CityNm0lehi
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0UT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd084043
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt011797
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt025924
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IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt014127
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt046783
IRS990EZ/FiledScheduleAInd0false
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt011797
IRS990EZ/Form990TotalAssetsGrp/EOYAmt025924
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt083980
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt083980
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt011797
IRS990EZ/NetAssetsOrFundBalancesEOYAmt025924
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt011797
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt025924
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.0
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt33.0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.0
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt63.0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0John Braze
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Deb BardHan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Nate Jewell
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Ellen Chang
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Julie Lawrence
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Laura Huang
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6IRENE ZHANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President/secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Board Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Board Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CHIEF OPERATING OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Board Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6CFO & TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt023070
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/SalariesOtherCompEmplBnftAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0true
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt069853
IRS990EZ/TotalRevenueAmt083980
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://www.whartonalumniangels.com/
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description:BANK FEES Amount:162
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description:INSURANCE Amount:2927
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description:DUES & SUBSCRIPTION Amount:16522
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:TAXES Amount:890
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description:PAYMENT PROVIDER FEES Amount:2569
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990EZ PART I LINE 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Irene Zhang
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO & Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum04157500522
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-01-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Wharton Alumni Angels
ReturnHeader/Filer/BusinessNameControlTxt0WHAR
ReturnHeader/Filer/EIN0814641280
ReturnHeader/Filer/InCareOfNm0% SPENCER BARRETT
ReturnHeader/Filer/PhoneNum04157500522
ReturnHeader/Filer/USAddress/AddressLine1Txt0650 Page Mill Road
ReturnHeader/Filer/USAddress/CityNm0Palo Alto
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094304
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FORVIS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0250 E 200 S SUITE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALT LAKE CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084111
ReturnHeader/PreparerPersonGrp/PhoneNum08015319100
ReturnHeader/PreparerPersonGrp/PreparationDt02023-01-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Adma R Smith CPA
ReturnHeader/ReturnTs02023-02-08T14:45:22-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Irene
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Zhang
ReturnHeader/TaxPeriodBeginDt02021-10-01
ReturnHeader/TaxPeriodEndDt02022-09-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,924
Liabilities
$0
Net assets
$25,924
Revenue
$83,980
Expenses
$69,853
Net income
$14,127
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