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← SMITH STUDENTS AID SOCIETY INC

Form 990 for tax year 2022

Filed by SMITH STUDENTS AID SOCIETY INC.

Totals

Total revenue
$728,642
Total expenses
$340,957
Contributions and grants received
$6,244
Grants paid
$284,828
Program service revenue
$0
Investment income
$722,398
Other revenue
$0
Total assets, end of year
$6,510,445
Total liabilities, end of year
$1,575
Net assets or fund balances, end of year
$6,508,870
Program services expenses (Part IX)
$284,828
Management and general expenses
$56,129
Fundraising expenses
$0
Program service expenses (Part III)
$284,828

Program services were 83.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $6,244

  • 3 · Investment income

    total $722,398 · excluded $722,398

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $284,828 · program services $284,828

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $34,498 · management and general $34,498

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,036 · management and general $1,036

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $128 · management and general $128

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $753 · management and general $753

  • 24a · Other expenses: Reimburse payroll via Smith College

    total $14,714 · management and general $14,714

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,829 · end of year $66,679

  • 9 · Prepaid expenses and deferred charges

    beginning of year $753

  • 12 · Investments: other securities

    beginning of year $6,549,545 · end of year $6,443,766

  • 17 · Accounts payable and accrued expenses

    end of year $1,575

  • 27 · Net assets without donor restrictions

    beginning of year $6,593,127 · end of year $6,508,870

Mission and programs · 2022

Mission

The mission of the Smith Students Aid Society the Society is to provide assistance to Smith College students in the form of grants and emergency funds in order to enhance the quality of the students educational experience. The Society focuses especially on needs not met by traditional financial aid from Smith College.

Activities or mission (Part I)

To provide assistance to Smith College students in the form of grants and emergency funds in order to enhance the quality of their educational experience with a focus on needs not met by traditional financial aid.

  • The Society provides small individual grants to Smith College students for financial assistance that is not met through traditional financial aid from Smith College. The Society provided grants for the following purposes during the reporting period Fine Art Supplies for students in a qualifying Studio Arts Course Credit Bearing Programs not covered by financial aid Beyond Smith for seniors needing assistance for job search, interview travel clothing, graduate professional school applications, etc. Emergency medical/dental, housing, food, child care, and winter clothes Summer Study with preference for students with credit shortage Special Opportunities for enrichment not covered by financial aid Textbooks and Computer Support.

    Expenses $284,828 · Grants $284,828

As filed on the 2022 return.

Listed in Part VII

  • Eleanor Evans

    President Director

    Total calculated
    $0
    Hours/week
    2
  • Teresa Hacunda

    Treasurer Director

    Total calculated
    $0
    Hours/week
    2
  • Korri Krajicek

    Secretary Director

    Total calculated
    $0
    Hours/week
    2
  • Lindsay Bennett-Jacobs

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jacinth Cooke

    Director

    Total calculated
    $0
    Hours/week
    1
  • Candice Gibson

    Director

    Total calculated
    $0
    Hours/week
    1
  • Harleen Gill-Jessup

    Director

    Total calculated
    $0
    Hours/week
    1
  • Alexandria Julius

    Director

    Total calculated
    $0
    Hours/week
    1
  • Sara Ottomano

    Director

    Total calculated
    $0
    Hours/week
    1
  • Rebecca Phelps

    Director

    Total calculated
    $0
    Hours/week
    1
  • Judith Roberts

    Director

    Total calculated
    $0
    Hours/week
    1
  • Michelle Ross

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349306801

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