Overview
What is Wellesley Students Aid Society Inc?
Wellesley Students Aid Society Inc, established in 1878, is a thriving, autonomous organization located in Wellesley, Massachusetts. Initially founded to aid women unable to afford a Wellesley education, its purpose remains unchanged despite the passage of over a century. Now, the society supports Wellesley College students in various ways, including granting tuition funds, providing short-term loans with no interest, offering emergency financial aid for unexpected hardships, and offering textbook assistance. By supplementing Wellesley College's financial aid programs, Wellesley Students Aid Society Inc continues to assist students in need, embodying its mission of providing financial assistance to deserving students.
Official website here: www.wellesley.edu/studentsaid
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Star rating from Charity Navigator.
The Wellesley Students Aid Society Inc has achieved a commendable Four-Star rating, reflecting its strong performance in both accountability and financial management as well as impact measurement. With an overall score of 96%, the organization demonstrates a high level of transparency and effective use of resources, which is critical for donor trust and support.
The organization excels in its impact measurement, scoring a perfect 100%, indicating that it effectively tracks and demonstrates the positive outcomes of its programs. Additionally, it has a solid program expense ratio of 80.56%, meaning that a significant portion of its budget is directed toward its mission rather than administrative costs.
However, while the organization shows exceptional financial health with a low liabilities to assets ratio of 0.06%, it is important for potential supporters to consider how these strengths translate into long-term sustainability and growth. Overall, the Wellesley Students Aid Society Inc is a well-managed nonprofit that successfully increases income for scholarship recipients, making a significant impact for their beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Wellesley Students Aid Society Inc?
92% of 8 reviewers on Facebook recommend Wellesley Students Aid Society Inc. Here is a summary of their reviews:
The organization is praised for its long-standing commitment to supporting students at Wellesley, with one user highlighting its century-long dedication. This sentiment echoes throughout the reviews, indicating that people appreciate the significant impact the society has had on students' lives.
Overall, the consensus reflects a strong approval of the nonprofit’s efforts, emphasizing its role as an invaluable resource for the student community at Wellesley College.
This AI summary has been generated from reviews found on Facebook.
Is Wellesley Students Aid Society Inc legitimate?
Wellesley Students Aid Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellesley Students Aid Society Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.wellesley.edu/studentsaid
What is the mission statement of Wellesley Students Aid Society Inc?
The Wellesley Students Aid Society Inc, established in 1878, is dedicated to providing financial assistance to students attending Wellesley College who demonstrate a financial need. Originating with the objective of funding education for women who could not otherwise afford it, the society's purpose has remained unchanged over the years. Today, the assistance provided by the society encompasses various forms, including tuition grants, short-term loans with no interest, emergency funds for unexpected hardships, and support for textbooks. The Wellesley Students Aid Society Inc continues to serve as a vital resource for the college's students, supplementing the financial aid programs offered by Wellesley.
Official website here: www.wellesley.edu/studentsaid
Who is the CEO of Wellesley Students Aid Society Inc?
Catherine Kefalas is the Principal Officer of Wellesley Students Aid Society Inc.
Official website here: www.wellesley.edu/studentsaid
What is the revenue of Wellesley Students Aid Society Inc?
Wellesley Students Aid Society Inc's revenue in 2022 was $3,253,513.
Official website here: www.wellesley.edu/studentsaid
Who are the executives of Wellesley Students Aid Society Inc and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.wellesley.edu/studentsaid
Where can I find the form 990 for Wellesley Students Aid Society Inc?
Wellesley Students Aid Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wellesley.edu/studentsaid
Learn more at the official website: www.wellesley.edu/studentsaid
Mission Statement of Wellesley Students Aid Society Inc
Wellesley Students Aid Society Inc, established over a century ago, is dedicated to assisting Wellesley College students who demonstrate a financial need. The organization's primary mission is to provide financial aid, a role that complements the college's own financial aid programs. Over the years, the society's purpose has remained steadfast, although the methods of support have evolved.
Currently, Wellesley Students Aid Society Inc offers a variety of financial assistance to eligible students. This includes tuition grants, short-term loans with no interest, emergency funds for unforeseen hardships, and support for purchasing textbooks. The society's goal is to alleviate financial burdens, thereby enabling students to focus on their studies and academic pursuits. The organization's long-standing mission and ongoing support have played a significant role in making a Wellesley College education accessible to many students who may not have been able to afford it otherwise.
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Impact
July, 2024
Wellesley Students Aid Society Inc's impact is profound in providing essential financial support to Wellesley College students who demonstrate a significant need. Since its founding in 1878, the organization has been dedicated to ensuring that women who cannot afford a Wellesley education are given the means to pursue their academic goals. With more than 135 years of history, the Society continues to be a vital source of assistance, offering tuition grants, no-interest loans, emergency funds, and textbook support to students facing financial challenges. The impact of Wellesley Students Aid Society Inc extends beyond just financial aid, as it plays a pivotal role in enabling students to access higher education and pursue their academic aspirations.
This information is meant to be a general summary of Wellesley Students Aid Society Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,078,056
- Program Service Revenue: $31,893
- Gross Receipts: $16,205,657
Assets and Liabilities:
- Total Assets: $41,290,339
- Total Liabilities: $0
- Net Assets: $41,290,339
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$31,893
Organization Details
Founding Year
1916
Phone
(781) 283-2292Principal Officer
Catherine Kefalas
Main Address
106 CENTRAL STREET, WELLESLEY, MA, 02481
NTEE Category
Code: B820 - Education
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