Nonprofit · EIN 04-2152598
WELLESLEY STUDENTS AID SOCIETY INC
Tax-exempt · WELLESLEY, MA 02481
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,779,950 | $1,848,160 | -$68,210 | $53,434,224 | $45,700 | $53,388,524 |
| June 30, 2024 | 990 | $1,494,122 | $1,772,756 | -$278,634 | $49,187,916 | $46,640 | $49,141,276 |
| June 30, 2023 | 990 | $559,703 | $1,550,007 | -$990,304 | $44,437,094 | $28,925 | $44,408,169 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $532,865
- Program service revenue
- $16,587
- Investment income
- $1,202,155
- Net gain from sales of assets
- $1,201,118
- Other revenue
- $28,343
Expenses
- Grants and similar amounts paid
- $1,302,640
- Other salaries and wages
- $258,360
- Salaries, compensation and benefits (total)
- $341,074
- Professional fundraising fees
- $0
- Accounting fees
- $35,938
- Depreciation
- $542
- Program services (functional)
- $1,552,623
- Management and general (functional)
- $227,209
- Fundraising (functional)
- $68,328
Balance sheet and other
- Total assets, start of year
- $49,187,916
- Total assets, end of year
- $53,434,224
- Total liabilities, end of year
- $45,700
- Net assets, end of year
- $53,388,524
- Land, buildings and equipment
- $519
- Net assets without donor restrictions
- $52,592,811
- Net assets with donor restrictions
- $795,713
- Gross receipts
- $20,086,907
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1878
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CATHERINE KEFALAS | EXECUTIVE DIRECTOR Officer | 35 | $0 | $109,543 | $38,817 |
| JAMIE SABINO | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DENISE ROBBI | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DANA SUNDBLAD | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANNA EHRLICH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HEATHER KISPERT HAGERTY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| TRACY BOWEN BELL | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| RACHEL LAM | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| BETH BERNHARDT | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| TESS MATTERN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| STANLEY CHANG | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ANHAR MULLA | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHELLE COBB DOWLING | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ESTHER HAN SILVER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LAUREN BRIGNONE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ESTHER CHUNG | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CATHERINE KEFALAS | EXECUTIVE DIRECTOR Officer | 35 | $0 | $134,100 | $49,617 |
| JAMIE SABINO | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DENISE ROBBI | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TANYA M ROY | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DANA SUNDBLAD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KEERTANA ANANDRAJ | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| HEATHER KISPERT HAGERTY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| RAJA ASHRAF | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| RACHEL LAM | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| BETH BERNHARDT | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| TESS MATTERN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| STANLEY CHANG | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ANHAR MULLA | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHELLE DOWLING COBB | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ESTHER HAN SILVER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ANNA EHRLICH | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CATHERINE KEFALAS | EXECUTIVE DIRECTOR Officer | 35 | $120,885 | $25,303 |
| JAMIE SABINO | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| DENISE ROBBI-ARENA | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| TANYA M ROY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DANA SUNDBLAD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RAJA ASHRAF | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BETH BERNHARDT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| STANLEY CHANG | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EILEEN CREHAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHELLE SHELLEY DOWLING COBB | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ESTHER HAN SILVER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| HEATHER KISPERT HAGERTY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RACHEL LAM | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| IRENE MATA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TESS MATTERN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANHAR MULLA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 106 CENTRAL STREET, WELLESLEY, MA 02481-8203
- In care of
- % CATHERINE K SCHEDLBAUER
- Principal officer (990 for 2024)
- DENISE ROBBI, 156 COTTAGE STREET, NATICK, MA 01760
- Signed the 990
- DENISE ROBBI, BOARD TREASURER
- Phone
- (781) 283-2292
- Website
- WELLESLEY.EDU/STUDENTSAID
- Return prepared by
- MURPHY GAUDREAU HOSKINSON INC
Mission
THE WELLESLEY STUDENTS' AID SOCIETY, INC. IS AN ORGANIZATION DEDICATED TO PROVIDING FINANCIAL AND PERSONAL SUPPORT TO STUDENTS OF WELLESLEY COLLEGE. STUDENTS RECEIVE AID IN MANY WAYS, FROM TUITION GRANTS AND LOANS ADMINISTERED BY STUDENT FINANCIAL SERVICES, TO EMERGENCY AID, AMAZON.COM GIFT CARDS, SHORT-TERM LOANS AND SENIOR GIFTS THAT ARE DISTRIBUTED DIRECTLY TO STUDENTS WHEN THEY COME TO THE STUDENTS' AID SOCIETY OFFICE. FLEXIBILITY ENABLES THE SOCIETY TO RESPOND TO STUDENTS' NEEDS AS THEY CHANGE OVER THE YEARS.
Program accomplishments
- FOR OVER 100 YEARS WELLESLEY STUDENTS' AID SOCIETY HAS REMAINED DEDICATED TO GIVING WELLESLEY COLLEGE STUDENTS THE FINANCIAL FREEDOM TO SUCCEED IN COLLEGE AND BEYOND. DURING THE 2025 FISCAL YEAR, WELLESLEY STUDENTS' AID SOCIETY PROVIDED VITAL TUITION SUPPORT FOR STUDENTS WITH $760,000 IN TUITION GRANTS AND $515,607 IN TUITION LOANS. THROUGH THE WELLESLEY STUDENTS' AID SOCIETY STUDENT SERVICE GRANTS PROGRAM, GRANTS TOTALING $130,175 WERE MADE TO COLLEGE DEPARTMENTS TO AID FUNDING OF DEPARTMENT-SPECIFIC PROGRAMMING FOR STUDENTS. THE ORGANIZATION ALSO PROVIDED $29,918 IN SHORT-TERM LOANS AND $18,393 IN GRANTS FOR STUDENTS FACING AN EMERGENCY OR UNEXPECTED EXPENSES. THE ORGANIZATION AWARDED $16,400 IN WINTER CLOTHING GRANTS, $225,000 IN AMAZON.COM GIFT CARDS, AND $170,650 IN SENIOR COMMENCEMENT GIFTS. IN THESE AND MANY OTHER WAYS, WELLESLEY STUDENTS' AID SOCIETY OPENS THE POSSIBILITY OF A WELLESLEY COLLEGE EDUCATION TO SMART, DEDICATED STUDENTS OF ALL MEANS.Expenses $1,552,623 · grants $1,302,640 · revenue $1,246,048
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2152598
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1941
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B820)
- Assets (IRS master file)
- $53,434,224
- Income (IRS master file)
- $20,086,907
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,779,950 | $1,848,160 | $53,434,224 | IRS |
| 990 | June 2024 | $1,494,122 | $1,772,756 | $49,187,916 | IRS |
| 990 | June 2023 | $559,703 | $1,550,007 | $44,437,094 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2152598).
Questions about WELLESLEY STUDENTS AID SOCIETY INC
- What is the EIN of WELLESLEY STUDENTS AID SOCIETY INC?
- The employer identification number (EIN) of WELLESLEY STUDENTS AID SOCIETY INC is 04-2152598.
- Is WELLESLEY STUDENTS AID SOCIETY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1941.
- Are donations to WELLESLEY STUDENTS AID SOCIETY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WELLESLEY STUDENTS AID SOCIETY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WELLESLEY STUDENTS AID SOCIETY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WELLESLEY STUDENTS AID SOCIETY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WELLESLEY STUDENTS AID SOCIETY INC?
- The 990 for the year ended June 30, 2025 names DENISE ROBBI.
- Who are the officers and directors of WELLESLEY STUDENTS AID SOCIETY INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does WELLESLEY STUDENTS AID SOCIETY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,779,950, expenses of $1,848,160 and total assets of $53,434,224 at year end.
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