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Wellesley Students Aid Society Inc

EIN 04-2152598 · Wellesley, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceGood87 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$1.8 million
Spending
$1.8 million
Spent on programs
84%
Reserves
Over 10 years of spending
Largest source of income
investment income, 68%
Employees
0
Volunteers
15
Highest pay
$148,360, executive director

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 83% of charities in its peer group (education, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover more than ten years of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 4% of income.

  • Income trend

    15 of 15

    Income rose 19% on the year before.

  • Spending floor

    15 of 15

    84% of spending went to programs and raising each dollar of donations cost 13 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 87 out of 100. Higher than 54% of charities in its peer group (education, $1m to $10m).

  • Independent board

    25 of 25

    15 of 15 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $1.6 million spent. 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.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 1941.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

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