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Wellesley Abc Program INC FY2023 filing

Tax-deductible

Wellesley, MA501(c)(3)Since 1972Education EIN 04-2503812Revenue $172K in FY2023

On file with the IRSwellesleyabc.org337 Washington Street, 02481-8100 · Wellesley, MATax-exempt since Oct 1972Publicly supported charity — 170(b)(1)(A)(vi)

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The Wellesley Abc Program provides academically talented and promising young women of color a better chance of educational preparedness through enrollment at Wellesley high school. Wellesley Abc is committed to increasing the number of well-educated women of color assuming positions of responsibility and leadership in american society.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $32K a year · 16% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $65K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$252K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$172K
+2% vs prior year
Spent
$179K
To programs
82%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$172K
FY2023▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$343K
FY2021$218K
FY2022$168K
FY2023$172K
FY2024$142K
FY2025$183K
Expenses
$179K
FY2023▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$140K
FY2021$203K
FY2022$170K
FY2023$179K
FY2024$176K
FY2025$167K
Net assets
$1.3M
FY2023-0.1%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.3M
FY2023$1.3M
FY2024$1.3M
FY2025$1.3M

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $147K Management & general 13% · $23K Fundraising 5% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Beth Falk
Vice Preside
$0Pt VII · Sec A
Wendy Bedrosian
Vice Preside
$0Pt VII · Sec A
Stephanie Allred
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Sara Ravaret
Secretary
$0Pt VII · Sec A
Jackie Katz
Director
$0Pt VII · Sec A
Deb Barnett
Director
$0Pt VII · Sec A
See Wellesley Abc Program INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides housing and academic support for talented students from underserved communities.

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Provided by the organization

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1 program · $147K · in their own filed words · FY2022
01

To provide academically talented and promising women from underserved communities a better chance through enrollment at wellesley high school and participation in a residential program.

$147Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$52K
Givengain Foundation USAFY2024$12K
Total grants receivedfrom 2 funders$65K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$172K
Ln 12
Gifts and grantsLn 1h$173K
Investment incomeLn 3$384
Money outPt IX
$179K
Ln 25
Programscol B$147K
Managementcol C$23K
Fundraisingcol D$9K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$292K
Total assetsLn 16$1.6M
LiabilitiesLn 26$252K
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$173K
Noncash giftsLn 1g$9K
Fundraising eventsLn 1c$57K
Investment incomeLn 3$384
Gains on assetsLn 7−$22
Total revenueLn 12$172K
Assets in detailPt X, end of year
CashLn 1$53K
SavingsLn 2$240K
Cash and savings togetherLn 1–2$292K
InvestmentsLn 11–13$19K
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$1.6M
LiabilitiesLn 26$252K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 53
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$19K$18K$20K$13K$152K
Given inLn 1b$296$6K
SpentLn 1d–1f$150K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$310K$292K
InvestmentsLn 11–13$18K$19K
Land, buildings, equipmentLn 10c$1.3M$1.2M
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$275K$252K
Net assetsLn 32$1.3M$1.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$29K$29K
Other employee benefitsLn 9$869$869
Payroll taxesLn 10$2K$2K
Accounting feesLn 11c$12K$12K
Office expensesLn 13$5K$3K$2K
Information technologyLn 14$7K$7K
OccupancyLn 16$30K$30K
InterestLn 20$10K$10K
Depreciation, depletion and amortizationLn 22$19K$19K
InsuranceLn 23$846$846
Other expenses (24a–d)Ln 24$62K$56K$6K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$179K$147K$23K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $183K$167K$16K$1.3M 990 PDF
FY2024Filed with the IRS May 8, 2025 $142K$176K−$34K$1.3M 990 PDF
FY2023 ViewingFiled with the IRS May 3, 2024 $172K$179K−$7K$1.3M 990 PDF
FY2022Filed with the IRS Dec 20, 2022 $168K$170K−$1K$1.3M 990 PDF
FY2021Filed with the IRS May 9, 2022 $218K$203K$15K$1.3M 990 PDF
FY2020Filed with the IRS May 6, 2021 $343K$140K$203K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $172,414 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $168,187$172,565
I-9 Program service revenue$0
I-10 Investment incomePrior year $88$384
I-11 Other revenue−$535
I-12 Total revenuePrior year $168,275$172,414
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $37,140$31,993
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $132,555$147,398
I-18 Total expensesPrior year $169,695$179,391
I-19 Revenue less expensesPrior year −$1,420−$6,977
Part VI · Governance 21 of 21 board members independent, 3 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $172,414 across 8 lines filed
VIII-1c Fundraising events$56,840
VIII-1f All other contributions, gifts and grants$115,725
VIII-1g Noncash contributions (included above)$9,068
VIII-1h Total contributions, gifts and grants$172,565
VIII-3 Investment incomeExcluded from tax $406$406
VIII-7 Net gain or loss on sales of assetsRelated to mission −$22−$22
VIII-8 Net income from fundraising eventsExcluded from tax −$535−$535
VIII-12 Total revenueRelated to mission −$22 · Excluded from tax −$129$172,414
Part IX · Statement of functional expenses $179,391 across 12 lines filed
IX-7 Other salaries and wagesPrograms $29,325$29,325
IX-9 Other employee benefitsPrograms $869$869
IX-10 Payroll taxesPrograms $1,799$1,799
IX-11c Accounting feesManagement $12,405$12,405
IX-13 Office expensesManagement $2,769 · Fundraising $1,939$4,708
IX-14 Information technologyManagement $6,561$6,561
IX-16 OccupancyPrograms $29,990$29,990
IX-20 InterestPrograms $9,938$9,938
IX-22 Depreciation, depletion and amortizationPrograms $19,095$19,095
IX-23 InsuranceManagement $846$846
IX-24 Other expenses (24a–d)Programs $56,381 · Fundraising $5,548$61,929
IX-24e All other expensesFundraising $1,926$1,926
IX-25 Total functional expensesPrograms $147,397 · Management $22,581 · Fundraising $9,413$179,391
Part X · Balance sheet $1,563,137 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $44,090$52,530
X-2 Savings and temporary cash investmentsStart of year $265,815$239,678
X-9 Prepaid expenses and deferred chargesStart of year $4,668$4,744
X-10c Land, buildings and equipment, netStart of year $1,254,996$1,247,001
X-11 Publicly traded securitiesStart of year $18,461$19,184
X-16 Total assetsStart of year $1,588,152$1,563,137
X-17 Accounts payable and accrued expensesStart of year $9,695$5,292
X-26 Total liabilitiesStart of year $275,017$251,934
X-27 Net assets without donor restrictionsStart of year $1,294,866$1,294,764
X-28 Net assets with donor restrictionsStart of year $18,269$16,439
X-32 Total net assets or fund balancesStart of year $1,313,135$1,311,203
X-33 Total liabilities and net assetsStart of year $1,588,152$1,563,137
Part XI · Reconciliation of net assets $1,311,203 net assets at year end
XI-1 Total revenue$172,414
XI-2 Total expenses$179,391
XI-3 Revenue less expenses−$6,977
XI-4 Net assets at start of year$1,313,135
XI-5 Net unrealized gains (losses) on investments$346
XI-6 Donated services and use of facilities$4,699
XI-10 Net assets at end of year$1,311,203

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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