Civic Intelligence

Sapere Aude Consortium Inc

EIN 85-3701377 • 501(c)3 • Medfield, MA

990-N CoverageNTEE J20

Profile

We exist to introduce first generation college students (and children of public servants) to investment and wealth management. We believe these industries will benefit from our students' unique experiences and worldviews. Our mission is to make first generation college students compelling candidates for paid, "rising senior" internships at investment and wealth managers, which are the gateway to these industries.

67 West Street 210Medfield, MA 02052

www.sapere.org

Siviq Scores

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

Liabilities / Assets

67th percentile

0.00x

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

NTEE J • <$500k nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.00x

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

NTEE J • <$500k nonprofits • Source year 2024

Net Margin

27th percentile

-24%

Higher net margin than 27% of similar nonprofits.

NTEE J20 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

NTEE J20 • <$500k nonprofits • Source year 2024

Asset Growth

19th percentile

-30%

Faster asset growth than 19% of similar nonprofits.

NTEE J • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

172%

Faster revenue growth than 95% of similar nonprofits.

NTEE J • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$24,740

Down $10,498 (-30%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$24,740

Down $10,498 (-30%) from 2023

Operations
Liabilities / Revenue68th percentileNet Margin27th percentile

Revenue

Up

$43,102

Up $27,265 (+172%) from 2023

Expenses

Up

$53,600

Up $45,423 (+555%) from 2023

Net Income

Down

-$10,498

Down $18,158 (-237%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth19th percentile

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

$40K$30K$20K$10K$0Assets 2023: $35,238Liabilities 2023: $0Net Assets 2023: $35,2382023Assets 2024: $24,740Liabilities 2024: $0Net Assets 2024: $24,7402024

Highlighted filing

2024

Assets$24,740
Liabilities$0
Net Assets$24,740
Open 2024 Filing

Operations Trend

Revenue Growth95th percentile

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

$60K$40K$20K$0-$20KRevenue 2023: $15,837Expenses 2023: $8,177Net Income 2023: $7,6602023Revenue 2024: $43,102Expenses 2024: $53,600Net Income 2024: -$10,4982024

Highlighted filing

2024

Revenue$43,102
Expenses$53,600
Net Income-$10,498
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$24,740
Liabilities
$0
Net assets
$24,740
Revenue
$43,102
Expenses
$53,600
Net income
-$10,498
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.7$0.00$24.7$43.1$53.6$10.5
2023Detailed filing. Detailed filing data is available for this year.$35.2$0.00$35.2$15.8$8.18$7.66
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Nov 20, 2024
Return Version
2023v5.1
Gross Receipts
$43,102
Mission and Program Overview

Mission

We exist to introduce first generation college students (and children of public servants) to investment and wealth management. We believe these industries will benefit from our students' unique experiences and worldviews. Our mission is to make first generation college students compelling candidates for paid, "rising senior" internships at investment and wealth managers, which are the gateway to these industries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$35,238$24,740▼ $10,498
Rtn Earn Endowment Incm Other Fnds$35,238$24,740▼ $10,498
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$35,238$24,740▼ $10,498
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$35,238$24,740▼ $10,498
Total Liabilities and Net Assets / Fund Balance$35,238$24,740▼ $10,498
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Joseph P Craven IiiPresident/treasurer
Ashley McmanusDirector
Emily PachutaDirector
Holly FramstedDirector
Joseph P GennacoDirector
Kaitlyn FischerDirector
William DuniganDirector
Robert Job IvClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$43,102
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$43,102
Change in Net Assets
$-10,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$53,600
Total Fundraising Expense$2,328
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$37,154$2,064$2,064$41,282
Conferences and Meetings$7,732--$7,732
Information Technology$2,397$1,000$183$3,580
Fees for Services Accounting-$550-$550
Office Expenses$223-$81$304
Fees for Services Other-$105-$105
Travel$47--$47
Total Functional Expenses$47,553$3,719$2,328$53,600
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
Business relationship with 35% controlled entity
No
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

“REVIEWED AT MEETING”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Sapere Aude Consortium Inc
EIN
85-3701377
Phone
6174544348
Address
67 WEST STREET 210, MEDFIELD, MA 02052

Signing Officer

Name
Joseph P Craven Iii
Title
President
Phone
6174544348
Signed
2024-11-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph P Craven Iii
Formed
2020
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Lmhs Pc
Address
80 WASHINGTON STREET BUILDING S, NORWELL, MA 02061
Preparer
Kimberly a Murphy
Phone
7814442550
Raw XML Appendix324 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.

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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06174544348
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SAPERE AUDE CONSORTIUM INC
ReturnHeader/Filer/BusinessNameControlTxt0SAPE
ReturnHeader/Filer/EIN0853701377
ReturnHeader/Filer/PhoneNum06174544348
ReturnHeader/Filer/USAddress/AddressLine1Txt067 WEST STREET 210
ReturnHeader/Filer/USAddress/CityNm0MEDFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002052
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042971374
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LMHS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt080 WASHINGTON STREET BUILDING S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORWELL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002061
ReturnHeader/PreparerPersonGrp/PhoneNum07814442550
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIMBERLY A MURPHY
ReturnHeader/ReturnTs02024-11-22T08:42:21-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-08-01
ReturnHeader/TaxPeriodEndDt02024-07-31
ReturnHeader/TaxYr02023

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